0001501570-22-000039 | 10-K | XBRL Viewer

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Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 44,023	$ 44,337
Interest bearing deposits in other banks	335,761	186,488
Total cash and cash equivalents	379,784	230,825
Debt securities available-for-sale ("AFS"), at fair value	993,058	1,024,329
Debt securities held-to-maturity ("HTM") (fair value of $61,446 and $34,283 at December 31, 2021 and 2020, respectively)	59,436	30,872
Equity securities	15,393	14,938
Securities purchased under agreement to resell	102,288	0
Investment in unconsolidated subsidiaries	1,018	1,018
Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB") stock	71,892	71,236
Total investments	1,243,085	1,142,393
Loans held for sale	26,007	21,414
Loans held for investment ("LHI"), Paycheck Protection Program ("PPP") loans, carried at fair value	53,369	358,042
LHI, mortgage warehouse ("MW")	565,645	577,594
LHI, excluding MW and PPP	6,766,009	5,847,862
Less: Allowance for credit losses ("ACL")	(77,754)	(105,084)
Total LHI, net	7,307,269	6,678,414
Bank-owned life insurance	83,194	82,855
Bank premises, furniture and equipment, net	109,271	115,063
Other real estate owned ("OREO")	0	2,337
Intangible assets, net of accumulated amortization	66,017	61,733
Goodwill	403,771	370,840
Other assets	138,851	114,997
Total assets	9,757,249	8,820,871
Deposits:
Noninterest-bearing deposits	2,510,723	2,097,099
Interest-bearing transaction and savings deposits	3,276,312	2,958,456
Certificates and other time deposits	1,576,580	1,457,291
Total deposits	7,363,615	6,512,846
Accounts payable and other liabilities	69,160	61,928
Advances from FHLB	777,562	777,718
Subordinated debentures and subordinated notes	227,764	262,778
Securities sold under agreement to repurchase	4,069	2,225
Total liabilities	8,442,170	7,617,495
Commitments and contingencies (Note 16 and Note 18)
Stockholders’ equity:
Common stock, $0.01 par value; 75,000,000 shares authorized at December 31, 2021 and December 31, 2020; 56,010,423 and 55,500,118 shares issued at December 31, 2021 and December 31, 2020, respectively; 49,372,329 and 49,337,768 shares outstanding at December 31, 2021 and December 31, 2020, respectively.	560	555
Additional paid-in capital	1,142,758	1,126,437
Retained earnings	275,273	172,232
Accumulated other comprehensive income	64,070	56,225
Treasury stock, 6,638,094 and 6,162,350 shares at cost at December 31, 2021 and 2020, respectively	(167,582)	(152,073)
Total stockholders’ equity	1,315,079	1,203,376
Total liabilities and stockholders’ equity	$ 9,757,249	$ 8,820,871

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Fair value	$ 61,446	$ 34,283
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	56,010,423	55,500,118
Common stock, shares outstanding (in shares)	49,372,329	49,337,768
Treasury stock, shares (in shares)	6,638,094	6,162,350

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Loans, including fees	$ 280,526	$ 286,583	$ 340,813
Debt securities	32,132	30,726	29,484
Deposits in financial institutions and Fed Funds sold	589	1,221	5,540
Equity securities and other investments	3,237	3,320	2,949
Total interest and dividend income	316,484	321,850	378,786
Interest expense:
Transaction and savings deposits	6,858	13,233	40,355
Certificates and other time deposits	9,079	23,678	38,675
Advances from FHLB	7,336	10,609	9,984
Subordinated debentures and subordinated notes	12,428	8,532	4,675
Total interest expense	35,701	56,052	93,689
Net interest income	280,783	265,798	285,097
(Benefit) provision for credit losses	(3,349)	56,640	21,514
(Benefit) provision for credit losses on unfunded commitments	(1,481)	9,029	0
Net interest income after provision for credit losses	285,613	200,129	263,583
Noninterest income:
Service charges and fees on deposit accounts	16,742	13,703	14,334
Loan fees	7,607	4,556	7,782
(Loss) gain on sales of securities	(188)	2,615	(1,852)
Gain on sale of mortgage loans held for sale	1,592	1,239	475
Government guaranteed loan income, net	15,760	14,150	4,709
Equity method investment income	5,760	0	0
Other	11,132	11,081	4,632
Total noninterest income	58,405	47,344	30,080
Noninterest expense:
Salaries and employee benefits	94,748	79,453	72,791
Occupancy and equipment	17,263	16,363	16,385
Professional and regulatory fees	12,945	11,729	11,597
Data processing and software expense	9,946	9,213	8,365
Marketing	5,344	3,651	3,259
Amortization of intangibles	10,057	10,790	10,887
Telephone and communications	1,434	1,312	1,847
Merger and acquisition expense	826	0	38,960
COVID expenses	0	1,377	0
Debt extinguishment costs	0	11,307	0
Other	15,149	14,192	13,712
Total noninterest expense	167,712	159,387	177,803
Income before income tax expense	176,306	88,086	115,860
Income tax expense	36,722	14,203	25,121
Net income	$ 139,584	$ 73,883	$ 90,739
Basic earnings per share (in USD per share)	$ 2.83	$ 1.48	$ 1.71
Diluted earnings per share (in USD per share)	$ 2.77	$ 1.48	$ 1.68

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 139,584	$ 73,883	$ 90,739
Net unrealized (losses) gains on debt securities AFS:
Change in net unrealized (losses) gains on debt securities AFS during the period, net	(23,596)	35,400	24,091
Reclassification adjustment for net losses (gains) included in net income	188	(2,623)	1,852
Net unrealized (losses) gains on securities available-for-sale	(23,408)	32,777	25,943
Net unrealized gains on derivative instruments designated as cash flow hedges	33,338	14,657	1,497
Other comprehensive income, before tax	9,930	47,434	27,440
Income tax expense	2,085	10,270	5,449
Other comprehensive income, net of tax	7,845	37,164	21,991
Comprehensive income	$ 147,429	$ 111,047	$ 112,730

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Green Bancorp, Inc.	Green Bancorp, Inc. Common Stock	Green Bancorp, Inc. Additional Paid-In Capital
Beginning balance (in shares) at Dec. 31, 2018			24,253,894	10,000
Beginning balance at Dec. 31, 2018	$ 530,638		$ 243	$ (70)	$ 449,427	$ 83,968		$ (2,930)
Increase (Decrease) in Stockholders' Equity
Issuance of common shares in connection with the acquisition of Green Bancorp, Inc (in shares)									29,532,957	29,532,957
Issuance of common shares in connection with the acquisition of Green Bancorp, Inc									$ 630,627	$ 295	$ 630,332
Restricted stock units vested, net (in shares)			246,303							497,594
Restricted stock units vested, net	(1,346)		$ 3		(1,349)				$ 12,484	$ 5	$ 12,479
Exercise of employee stock options (in shares)			335,832
Exercise of employee stock options	3,938		$ 3		3,935
Stock buyback (in shares)			(3,802,711)	(3,802,711)
Stock buyback	(94,533)			$ (94,533)
Stock based compensation	21,652				21,652
Reclassification of liability-classified awards to equity awards	1,403				1,403
Net income	90,739					90,739
Dividends paid	(26,796)					(26,796)
Other comprehensive income	21,991							21,991
Ending balance (in shares) at Dec. 31, 2019			51,063,869	3,812,711
Ending balance at Dec. 31, 2019	$ 1,190,797	$ (15,505)	$ 549	$ (94,603)	1,117,879	147,911	$ (15,505)	19,061
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Restricted stock units vested, net (in shares)			111,558
Restricted stock units vested, net	$ (665)		$ 1		(666)
Exercise of employee stock options (in shares)			501,980
Exercise of employee stock options	1,137		$ 5		1,132
Stock warrants exercised (in shares)			10,000
Stock warrants exercised	109				109
Stock buyback (in shares)			(2,349,639)	(2,349,639)
Stock buyback	(57,470)			$ (57,470)
Stock based compensation	7,983				7,983
Net income	73,883					73,883
Dividends paid	(34,057)					(34,057)
Other comprehensive income	$ 37,164							37,164
Ending balance (in shares) at Dec. 31, 2020	49,337,768		49,337,768	6,162,350
Ending balance at Dec. 31, 2020	$ 1,203,376		$ 555	$ (152,073)	1,126,437	172,232		56,225
Increase (Decrease) in Stockholders' Equity
Restricted stock units vested, net (in shares)			118,454
Restricted stock units vested, net	(577)		$ 2		(579)
Exercise of employee stock options (in shares)			376,851
Exercise of employee stock options	6,165		$ 3		6,162
Stock warrants exercised (in shares)			15,000
Stock warrants exercised	165				165
Stock buyback (in shares)			(475,744)	(475,744)
Stock buyback	(15,509)			$ (15,509)
Stock based compensation	10,573				10,573
Net income	139,584					139,584
Dividends paid	(36,543)					(36,543)
Other comprehensive income	$ 7,845							7,845
Ending balance (in shares) at Dec. 31, 2021	49,372,329		49,372,329	6,638,094
Ending balance at Dec. 31, 2021	$ 1,315,079		$ 560	$ (167,582)	$ 1,142,758	$ 275,273		$ 64,070

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Green Bancorp, Inc.
Offering costs			$ 788
Restricted stock units
Shares withheld to cover tax withholdings (in shares)	23,613	22,404	55,946
Restricted stock units \| Green Bancorp, Inc.
Shares withheld to cover tax withholdings (in shares)			25,872,000
Employee Stock Option
Shares withheld to cover tax withholdings (in shares)	13,015	100,400	13,709
Shares paid for cashless exercise (in shares)	71,089	145,044

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 139,584	$ 73,883	$ 90,739
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets and intangibles	15,731	15,832	15,933
Net accretion of time deposit premium, debt discount and debt issuance costs	(713)	(1,735)	(8,950)
(Benefit) provision for credit losses	(4,830)	65,669	21,514
Accretion of loan discount	(7,193)	(14,060)	(28,603)
Stock-based compensation expense	10,573	7,983	21,652
Deferred tax expense (benefit)	4,647	(9,384)	9,053
Compensation expense - liability-classified awards	0	0	1,403
Excess tax (benefit) expense from stock compensation	(838)	(1,435)	205
Net amortization of premiums on debt securities	2,885	3,236	2,875
Unrealized loss (gain) on equity securities recognized in earnings	325	(480)	(325)
Change in cash surrender value and mortality rates of Bank Owned Life Insurance ("BOLI")	(339)	(1,940)	(2,010)
Net loss (gain) on sales of securities	188	(2,615)	1,852
Change in fair value of government guaranteed loans using fair value option	(1,845)	2,040	(303)
Gain on sales of mortgage loans held for sale	(1,592)	(1,239)	(475)
Gain on sales of government guaranteed loans	(6,194)	(3,379)	(4,388)
Originations of loans held for sale	(119,989)	(132,842)	(37,166)
Proceeds from sales of loans held for sale	112,606	125,375	34,483
Net impairment on servicing asset	71	368	188
Loss (gain) on sales of OREO	416	(693)	0
Equity method investment income	(5,760)	0	0
Termination of derivatives designated as hedging instruments	43,900	0	0
Loss on sale of branches	0	0	474
Gain on sale of bank premises, furniture and equipment	0	(358)	0
(Increase) decrease in other assets	11,139	(20,546)	2,196
Increase (decrease) in accounts payable and other liabilities	719	3,970	(16,387)
Net cash provided by operating activities	193,491	107,650	103,960
Cash flows from investing activities:
Net cash (paid) received for acquisitions	(55,522)	0	112,710
Cash settlement for sale of held for sale branches	0	0	7,153
Purchases of AFS debt securities	(201,385)	(1,175,050)	(745,297)
Proceeds from sales of AFS debt securities	13,300	113,771	567,718
Proceeds from maturities, calls and pay downs of AFS debt securities	193,227	1,033,779	131,788
Purchases of HTM debt securities	(32,286)	0	(8,084)
Maturity, calls and paydowns on HTM debt securities	3,370	1,793	1,249
Purchases of equity method securities	(54,970)	(2,888)	(23,577)
Purchases of other investments	(1,436)	0	0
Purchases of securities under agreements to resell	(102,288)	0	0
Proceeds from sales of equity securities	0	221	0
Net loans originated	(626,512)	(897,455)	(151,559)
Proceeds from sale of government guaranteed loans	44,912	44,867	69,218
Net additions to bank premises, furniture and equipment	(13,575)	(2,864)	(7,658)
Proceeds from sales of bank premises, furniture and equipment	14,551	2,157	0
Proceeds from sales of OREO and repossessed assets	2,225	7,114	0
Net cash used in investing activities	(816,389)	(874,555)	(46,339)
Cash flows from financing activities:
Net increase (decrease) in deposits	851,468	619,380	(195,761)
Net (decrease) increase in advances from FHLB	(156)	99,848	349,851
Redemption of subordinated debt	(35,000)	(5,000)	0
Proceeds from issuance of subordinated notes, net of debt issuance costs paid	0	123,026	75,000
Net change in securities sold under agreement to repurchase	1,844	(128)	(873)
Proceeds from exercise of employee stock options	6,313	4,301	3,938
Payments to tax authorities for stock-based compensation	(725)	(3,829)	(1,346)
Proceeds from exercise of stock warrants	165	109	0
Purchase of treasury stock	(15,509)	(57,470)	(94,533)
Dividends paid	(36,543)	(34,057)	(26,796)
Net cash provided by financing activities	771,857	746,180	109,480
Net increase (decrease) in cash and cash equivalents	148,959	(20,725)	167,101
Cash and cash equivalents at beginning of year	230,825	251,550	84,449
Cash and cash equivalents at end of year	$ 379,784	$ 230,825	$ 251,550

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Significant Accounting Policies

Nature of Organization and Basis of Presentation

In this report, the words, "Veritex," "the Company," "we," "us," and "our" refer to the combined entities of Veritex Holdings, Inc. and its subsidiaries, including Veritex Community Bank. The word "Holdco" refers to Veritex Holdings, Inc.. The words "the Bank" refers to Veritex Community Bank.

The accounting principles followed by the Company and the methods of applying them are in conformity with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices of the banking industry. Intercompany transactions and balances are eliminated in consolidation.

Veritex is a Texas state banking organization, with corporate offices in Dallas, Texas, and currently operates 18 branches located in the Dallas-Fort Worth metroplex and 10 branches in the Houston metropolitan area. The Bank provides a full range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. The Texas Department of Banking (the "TDB") and the Board of Governors of the Federal Reserve System (the "Federal Reserve") are the primary regulators of the Company and the Bank, and both regulatory agencies perform periodic examinations to ensure regulatory compliance.

Accounting Standards Codification

The Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) is the officially recognized source of authoritative GAAP applicable to all public and non-public non-governmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under the authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. All other accounting literature is considered non-authoritative. Citing particular content in the ASC involves specifying the unique numeric path to the content through the Topic, Subtopic, Section and Paragraph structure.

Segment Reporting

The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each activity of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Bank as one segment or unit. The Company’s chief operating decision-maker, the Chief Executive Officer, uses the consolidated results to make operating and strategic decisions.

Reclassifications

Certain items in the Company's prior year financial statements were reclassified to conform to the current presentation including the reclassification on the consolidated statements of income from rental income to other income of $2,179 and $2,172 during the years ended December 31, 2020 and 2019, respectively.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair values of financial instruments, realization of deferred tax assets, and the status of contingencies are particularly subject to change.

Cash and Cash Equivalents

Cash and cash equivalents include amounts due from banks, interest-bearing deposits in other banks and federal funds sold.

The Bank maintains deposits with other financial institutions in amounts that exceed federal deposit insurance coverage. Furthermore, federal funds sold are essentially uncollateralized loans to other financial institutions. Management regularly evaluates the credit risk associated with the counterparties to these transactions and believes that the Company is not exposed to any significant credit risks on cash and cash equivalents.

Restrictions on Cash

The Bank is required to maintain regulatory reserve balances with the Federal Reserve Bank. On March 15, 2020, the Board of Governors of the Federal Reserve System announced that it had reduced the required regulatory reserve balance to 0% effective on March 26, 2020. The Board of Governors took this action in reaction to the economic dislocation caused by the COVID-19 pandemic and in light of the Federal Open Markets Committee's announcement in 2019 that it intends to implement monetary policy in an ample reserve regime, where reserve requirements do not play a role.

Debt Securities

Debt securities that the Company has both the positive intent and ability to hold to maturity are classified as HTM and are carried at amortized cost. Debt securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity, are classified as AFS and are carried at fair value. Unrealized gains and losses on debt securities classified as AFS have been accounted for as accumulated other comprehensive income (loss), net of taxes. Management determines the appropriate classification of debt securities at the time of purchase.

Interest income includes amortization of purchase premiums and discounts over the period to maturity using a level-yield method, except for premiums on callable debt securities. Realized gains and losses are recorded on the sale of debt securities in noninterest income.

The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest separately in other assets on the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the years ended December 31, 2021, 2020 and 2019.

Equity Securities

Equity securities are recorded at fair value, with unrealized gains and losses included in other noninterest income. The Company measures equity securities that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Dividends on equity securities are recorded in interest income for equity securities and other investments. Realized gains and losses are recorded on the sale of equity securities in gain (loss) on sales of securities. The Company recorded no impairment for equity securities without a readily determinable fair value for the years ended December 31, 2021 and 2020.

ACL – AFS Debt Securities

For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For debt securities AFS that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income.

Changes in the ACL are recorded as provision for (or benefit of) credit loss expense. Losses are charged against the allowance when management believes the non-collectability of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses.

ACL – HTM Debt Securities

Management measures expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable on HTM debt securities is excluded from the estimate of credit losses.

Management classifies the HTM portfolio into the following major security types: mortgage-backed securities, collateralized mortgage obligations and municipal securities. All of the mortgage-backed securities and collateralized mortgage obligations held by the Company are issued by U.S. government entities and agencies. These debt securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses.

FHLB and FRB Stock

The Bank is a member of its regional FRB and of the FHLB system. FHLB members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. Both FRB and FHLB stock are carried at cost, restricted for sale, and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are recorded in interest income for equity securities and other investments.

Loans Held for Sale

Loans are classified as held-for-sale when management has positively determined that the loans will be sold in the foreseeable future and the Company has the intent and ability to do so. The Company’s held-for-sale loans typically consist of certain government guaranteed loans or mortgage loans. The classification may be made upon origination or subsequent to origination or purchase. Once a decision has been made to sell loans not previously classified as held-for-sale, such loans are transferred into the held-for-sale classification and carried at the lower of cost or estimated fair value on an individual loan basis, except for those held-for-sale loans for which the Company elects to use the fair value option. The fair value of loans held-for-sale is based on commitments from investors or prevailing market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Company obtains commitments to purchase the loans from secondary market investors prior to closing of the loans. Mortgage loans held for sale are sold with servicing released. Gains and losses on sales of loans held for sale are based on the difference between the selling price and the carrying value of the related loan sold.

Fair Value Option

On a specific identification basis, the Company may elect the fair value option for certain financial instruments in the period the financial instrument was originated or acquired. As of December 31, 2021, the Company had held for sale government guaranteed loans and held for investment PPP loans that the Company has elected to carry at fair value. Changes in fair value for instruments using the fair value option are recorded in noninterest income. The Company had a decrease in fair value for loans the Company elected to carry at fair value of $1,845 for the year ended December 31, 2021 as compared to a decrease in the fair value for loans the Company elected to carry at fair value of $2,040 for the year ended December 31, 2020. There was an increase of $303 in fair value for loans held for sale using the fair value option for the year ended December 31, 2019.

In addition, the Company records upfront costs and fees as incurred that are related to items for which the fair value option is elected through noninterest income. For the years ended December 31, 2021 and 2020, the Company recognized upfront fees of $7,721 and $12,811 on PPP loans through government guaranteed loan income, net, on the consolidated statements of income, respectively. There were minimal upfront fees recognized on loans electing the fair value option for the years ended December 31, 2019.

Gain on Sale of Guaranteed Portion of Small Business Administration ("SBA") and United States Department of Agriculture ("USDA") Loans

The Company originates loans to customers under government guaranteed programs that generally provide for guarantees of 50% to 90% of each loan, subject to a maximum guaranteed amount. The Company can sell the guaranteed portion of the loan in an active secondary market and retains the unguaranteed portion in its portfolio.

All sales of government guaranteed loans are executed on a servicing retained basis, and the Company retains the rights and obligations to service the loans. The standard sale structure provides for the Company to retain a portion of the cash flow from the interest payment received on the loan. When a loan sale involves the transfer of an interest less than the entire loan, the controlling accounting method under FASB ASC 860, Transfers and Servicing, requires the seller to reallocate the carrying basis between the assets transferred and the assets retained based on the relative fair value of the respective assets as of the date of sale. The maximum gain on sale that can be recognized is the difference between the fair value of the assets sold and the reallocated basis of the assets sold. The gain on sale, which is recognized in government guaranteed loan income, net on the consolidated statements of income, is the sum of the cash premium on the guaranteed loan and the fair value of the servicing assets recognized, less the discount recorded on the unguaranteed portion of the loan retained by the Company. For the years ended December 31, 2021, 2020 and 2019, the Company recognized $6,194, $3,379, and $4,388, respectively, of gain on sales of government guaranteed loans.

Gain on Sale of Mortgage Loans Held for Sale

Certain mortgage loans held for sale are sold with servicing released. Gains and losses on sales of mortgage loans held for sale are based on the difference between the selling price and the carrying value of the loan sold.

Adoption of New Accounting Standard

On January 1, 2020, the Company adopted Accounting Standard Update (“ASU”) 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet (“OBS”) credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 made changes to the accounting for AFS debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that it is more likely than not they will be required to sell.

The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost, net investments in leases and OBS credit exposures. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net decrease to retained earnings of $15,505 as of January 1, 2020 for the cumulative effect of adopting ASC 326.

The Company adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired ("PCI") and accounted for under ASC 310-30. In accordance with the standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2020, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $19,710 of the ACL. The remaining noncredit discount will be accreted into interest income at the effective interest rate. As allowed by ASC 326, the Company elected to maintain pools of loans accounted for under ASC 310-30. In accordance with the standard, management did not reassess whether modifications to individual acquired financial assets accounted for in pools were troubled debt restructurings as of the date of adoption.

The following table illustrates the impact of ASC 326.


	January 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on debt securities HTM	$	—	$	—	$	—
ACL on loans
Construction and land	3,760		3,822		(62)
Farmland	65		61		4
1 - 4 family residential	6,002		1,378		4,624
Multi-family residential	2,593		1,965		628
Owner Occupied Commercial Real Estate ("OOCRE")	13,066		1,978		11,088
Non-Owner Occupied Commercial Real Estate ("NOOCRE")	15,314		8,139		7,175
Commercial	27,729		12,369		15,360
Consumer	442		122		320
ACL on loans	$	68,971	$	29,834	$	39,137

Liabilities:
ACL on OBS credit exposures	$	1,718	$	878	$	840

LHI

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, fair value hedge accounting adjustments, deferred loan fees and costs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance in other assets on the Consolidated Balance Sheets.

Interest on loans is recognized using the effective-interest method on the daily balances of the principal amounts outstanding. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due in accordance with the terms of the loan agreement. The accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to meet payment obligations as they come due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. When a loan is placed on nonaccrual status, all interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Under the cash-basis method, interest income is recorded when the payment is received in cash. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Acquired Loans

Prior to January 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered PCI. PCI loans were accounted for individually or aggregated into pools of loans based on common risk characteristics such as credit grade, loan type, and date of origination.

All loans considered to be PCI loans prior to January 1, 2020 were converted to PCD loans upon the Company’s adoption of ASC 326. The Company elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account for all applicable areas of accounting which include credit loss measurement, interest income recognition, non-accrual determination, write-off determination and trouble debt restructuring identification. Loans are only removed from the existing pools if they are foreclosed, written off, paid off, or sold. Upon adoption of ASC 326, the ACL was determined for each loan or pool and added to the loan or pool's carrying amount to establish a new amortized cost basis. The difference between the unpaid principal balance of the loan or pool and the new amortized cost basis is the noncredit premium or discount which will be accreted into interest income over the remaining life of the loan or pool. Changes to the ACL after adoption are recorded through provision for credit loss expense.

Subsequent to January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans.

For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial allowance for expected credit losses is estimated and recorded as credit loss expense.

The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.

ACL - Loans

The ACL is a valuation account that is deducted from the LHI amortized cost basis to present the net amount expected to be collected on LHI.

The Company estimates the ACL on loan held for investment based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to reverse accrued interest in a timely manner. Therefore, the Company has made a policy election to exclude accrued interest from the measurement of ACL.

Expected credit losses are reflected in the ACL through a charge to provision for credit loss expense. When the Company deems all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, an asset will typically be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACL when received.

The Company measures expected credit losses of financial assets on a collective, or pool, basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, the Company uses a discounted cash flow (“DCF”) method or a loss-rate method to estimate expected credit losses. The Company uses a probability of default/loss given default (“PD/LGD”) model to estimate expected credit losses for our PCD loans and pools acquired prior to January 1, 2020.

The Company’s methodologies for estimating the ACL take into account available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions

at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed.

The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses:

Real Estate — This category of loans consists of the following loan types:

Construction and land — This category of loans consists of loans to finance the ground up construction, improvement and/or carrying for sale after the completion of construction of owner occupied and non-owner occupied residential and commercial properties, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third party. Repayment of land secured loans are dependent upon the successful development and sale of the property, the sale of the land as is, or the outside cash flow of the owners to support the retirement of the debt.

Farmland — These loans are principally loans to purchase farmland.

1-4 family residential — This category of loans includes both first and junior liens on residential real estate. Home equity revolving lines of credit and home equity term loans are included in this group of loans.

Multi-family residential — This category of loans is primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied CRE as they are more sensitive to adverse economic conditions.

OOCRE — This category of loans includes real estate loans for a variety of commercial property types and purposes. The repayment of real estate loans is generally largely dependent on the successful operation of the property securing the loans or the business conducted on the property securing the loan. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s real estate portfolio are generally diverse in terms of type and geographic location, throughout the Dallas-Fort Worth metroplex and Houston metropolitan area. This diversity helps reduce the exposure to adverse economic events that may affect any single market or industry.

NOOCRE — This category of loans includes investment real estate loans that are primarily secured by office and industrial buildings, retail shopping centers and various special purpose properties. Generally, these types of loans are thought to involve a greater degree of credit risk than OOCRE as they are more sensitive to adverse economic conditions.

Commercial — This category of loans is for commercial, corporate and business purposes. The Company’s commercial business loan portfolio is comprised of loans for a variety of purposes and across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, agriculture operating loans and other business loans for working capital and operational purposes. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory.

Mortgage warehouse — Mortgage warehouse facilities are provided to unaffiliated mortgage origination companies and are collateralized by 1-4 family residential loans. The originator closes new mortgage loans with the intent to sell these loans to third party investors for a profit. The Company provides funding to the mortgage companies for the period between the origination and their sale of the loan. The Company is repaid with the proceeds received from sale of the mortgage loan to the final investor.

Consumer — This category of loans is used for personal use typically for consumer purposes.

Collateral Dependent Financial Assets

Loans that do not share similar risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized costs basis of the financial asset exceeds the fair value of the underlying collateral less estimated costs to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset.

For collateralized financial assets that are not collateral dependent, the Company will consider the nature of the collateral, potential future changes in collateral values, and historical loss information for financial assets secured with similar collateral to determine the ACL.

Troubled-debt Restructurings (TDRs)

From time to time, the Company may modify its loan agreement with a borrower. A modified loan is considered a TDR, using Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), when two conditions are met: (i) the borrower is experiencing financial difficulty and (ii) concessions are made by the Company that would not otherwise be considered for a borrower with similar credit risk characteristics. Modifications to loan terms may include a lower interest rate, a reduction of principal, or a longer term to maturity. The ACL on a TDR is measured using the same method as all other LHI except that the original interest rate is used to discount the expected cash flows, not the rate specified within the restructuring. In addition, when management has a reasonable expectation of executing a TDR, the expected effect of the modification is included in the estimate of the ACL.

Contractual Term

The Company’s estimate of the ACL reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected TDR.

Discounted Cash Flow Method

The Company uses the DCF method to estimate expected credit losses for the CRE, construction and land, 1-4 family residential, commercial (excluding liquid credit and premium finance), and consumer loan pools. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, curtailment rates, time to recovery, probability of default and loss given default. The modeling of expected prepayment speeds, curtailment rates and time to recovery are based on historical internal data.

The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes and forecasts Texas unemployment as a loss driver. Management also utilizes and forecasts either one-year percentage change in Texas gross domestic product or one-year percentage change in the CRE property index as a second loss driver depending on the nature of the underlying loan pool and how well that loss driver correlates to expected future losses.

For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over four quarters on a straight-line basis as of the reporting period. Management leverages economic projections from a reputable and independent third party to inform its loss driver forecasts over the four-quarter forecast period. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics.

The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment speeds, curtailment rates and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value of expected cash flows (“NPV”). An ACL is established for the difference between the instrument’s NPV and amortized cost basis. The ACL is further refined for qualitative loss factors based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions.

Loss-Rate Method

The Company uses a loss-rate method to estimate expected credit losses for its farmland and MW loan pool. For these loan segments, the Company applies an expected loss ratio based on internal and peer historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions.

Probability of Default/Loss Given Default Method

The Company uses the PD/LGD method to estimate expected credit losses for the construction and land, 1-4 family residential, OOCRE, NOOCRE, commercial and consumer PCD loan pools. For each of these loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, time to recovery, probability of default, and loss given default.

The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment and time to recovery) produces an expected cash flow stream at the instrument level. An ACL is established for the difference between the instrument’s undiscounted cash flows and amortized cost basis. The ACL is further refined for qualitative loss factors based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions.

Loan Commitments and ACL on Off-Balance Sheet Credit Exposures

Financial instruments include OBS credit instruments, such as commitments to make loans, MW commitments and standby and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for OBS loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.

The Company records an ACL on OBS credit exposures, unless the commitments to extend credit are unconditionally cancellable, through a charge to provision for credit losses for unfunded commitments included in the Company’s consolidated statements of income. The ACL on OBS credit exposures is estimated by loan segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in accounts payable and other liabilities on the Company’s consolidated balance sheets.

Derivative Financial Instruments (Not Designated as Accounting Hedges)

The Company has entered into certain derivative instruments pursuant to a customer accommodation program under which the Company enters into an interest rate swap, cap or collar agreement with a commercial customer and an agreement with offsetting terms with a correspondent bank. These derivative instruments are not designated as accounting hedges and the swap fees and changes in net fair value are recognized in noninterest income or expense on the Company’s condensed consolidated statements of income and the fair value amounts are included in other assets and accounts payable and other liabilities on the Company’s condensed consolidated balance sheets.

Derivative Financial Instruments (Designated as Accounting Hedges)

Cash flow hedge relationships mitigate exposure to the variability of future cash flows or other forecasted transactions. The Company uses interest rate swaps, floors, caps and collars to manage overall cash flow changes related to interest rate risk exposure on benchmark interest rate loans. The entire change in the fair value related to the derivative instrument is recognized as a component of other comprehensive income and subsequently reclassified into interest income when the forecasted transaction affects income.

The Company assesses the “effectiveness” of hedging derivatives on the date an arrangement was entered into and on a prospective basis at least quarterly. Hedge “effectiveness” is determined by the extent to which changes in the fair value of a derivative instrument offset changes in the fair value, cash flows or carrying value attributable to the risk being hedged. If the relationship between the change in the fair value of the derivative instrument and the change in the hedged item falls within a range considered to be the industry norm, the hedge is considered “highly effective” and qualifies for hedge accounting. A hedge is “ineffective” if the relationship between the changes falls outside the acceptable range. In that case, hedge accounting is discontinued on a prospective basis. The time value of the option is excluded from the assessment of effectiveness and is recognized in earnings using a straight-line amortization method over the life of the hedge arrangement. Gains or losses resulting from the termination or sale of a derivative accounted for as a cash flow hedge remain in other comprehensive income and are accreted or amortized to earnings over the remaining period of the former hedging relationship unless the forecasted transaction becomes probable of not occurring.

Transfers of Financial Assets

Transfers of financial assets (generally consisting of sales of loans held for sale and loan participation with unaffiliated banks) are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Equity Method Investments

The Company applies the equity method of accounting to investments when the Company has significant influence, but not a controlling interest in the investee. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions.

The Company’s equity method investments are reported at cost and include direct transaction costs to make the investment. Equity method investments are subsequently adjusted each period for the Company’s proportionate share of the investee’s income or loss, which includes an elimination by the Company of any intra-entity profits and losses In addition, the Company’s subsequent proportionate share of other comprehensive income or loss is reported in the Company’s condensed consolidated statements of comprehensive income with a corresponding adjustment to the equity method investment. Any dividends received on the investment are recognized as a reduction to the carrying amount of the investment.

The difference between the cost of an investment and the amount of underlying equity in net assets of the investee represents an equity method basis difference, which shall be accounted for as if the investee were consolidated. The Company accounts for the equity method basis difference as equity method goodwill. The Company assesses equity method investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable.

On July 16, 2021, the Bank acquired a 49% interest in Thrive Mortgage, LLC (“Thrive”) for $54,914 in cash and obtained the right to designate a member to Thrive’s board of directors. As a result of the investment, the Company has a $35,816 basis difference which is being accounted for as equity method goodwill.

The Company had $60,730 in equity method investments as of December 31, 2021 reported in “other assets” in the consolidated balance sheets. The Company’s proportionate share of the income (loss) resulting from these investments for the year ended December 31, 2021 was $5,760 and is reported under the line item captioned “equity method investment income (loss)” in the Company’s consolidated statements of income.

Bank Premises and Equipment

Buildings and improvements, furniture and equipment are carried at cost less accumulated depreciation computed using the straight-line method over the estimated useful lives of the respective assets as follows:


Buildings and improvements			10 - 40 years
Site improvements			15 years
Tenant improvements			Lease term
Leasehold improvements			Lease term
Furniture and equipment			3 - 10 years

Major replacements and betterments are capitalized while maintenance and repairs are charged to expense when incurred. Gains or losses on dispositions are reflected in the consolidated statements of income as incurred.

Bank premises and equipment with definite lives are tested for impairment when a triggering event occurs. No impairment charges related to bank premises and equipment assets were recorded during the years ended December 31, 2021, 2020 and 2019.

Leases

The Company’s operating leases relate primarily to office space and bank branches. Right-of-use (“ROU”) assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate at the lease commencement date. ROU assets are further adjusted for lease incentives, deferred rent and prepaid rent. Operating lease expense, which consists of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in occupancy and equipment expense in the consolidated statements of income. Certain of the Company’s leases contain options to renew the lease; however, these renewal options are not included in the calculation of the lease liabilities as they are not reasonably certain to be exercised. The ROU asset and operating lease liability are recorded in other assets and other liabilities, respectively, in the consolidated balance sheets. See Note 8 - Leases for additional information.

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase represent the purchase of interests in securities by the Company’s customers. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. The Company does not account for any of its repurchase agreements as sales for accounting purposes in its financial statements. Repurchase agreements are settled on the following business day. All securities sold under agreements to repurchase are collateralized by pledged debt securities. The debt securities underlying the repurchase agreements are held in safekeeping by the Bank’s safekeeping agent.

OREO

OREO represents properties acquired through or in lieu of loan foreclosure and is initially recorded at fair value less estimated costs to sell. At foreclosure, if the fair value, less estimated costs to sell, of the real estate acquired is less than the Bank’s recorded investment in the related loan, a write-down is recognized through a charge to the ACL. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.

Bank-Owned Life Insurance

The Company has purchased life insurance policies on certain employees. These bank-owned life insurance (“BOLI”) policies are recorded in the accompanying consolidated balance sheets at their cash surrender values. Income from these policies and changes in the cash surrender values are recorded in noninterest income in the Company's consolidated statements of income. Death benefit proceeds in excess of cash surrender are recorded when realized in noninterest income in the Company's consolidated statements of income.

Goodwill and Intangible Assets

Goodwill resulting from a business combination represents the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill is not amortized but is reviewed for potential impairment annually on October 31 of each fiscal year or when a triggering event occurs. The Company may first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount, including goodwill. The Company has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test, and the Company may resume performing the qualitative assessment in any subsequent period. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the Company proceeds to perform the quantitative goodwill impairment test. The quantitative goodwill impairment test, used to identify both the existence of potential impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Any such adjustments to goodwill are reflected in the results of operations in the periods in which they become known.

The Company performed its annual goodwill impairment test as of October 31, 2021 using a qualitative impairment assessment and determined that it was not more likely than not that the fair value of our reporting unit was less than its carrying amount. The Company also did not identify any potential impairment indicators subsequent to our annual assessment. Management will continue to monitor events that could impact this conclusion in the future.

Intangible assets consist of core deposit intangibles and in-place lease intangibles associated with the purchase of our corporate office. Intangible assets are initially recognized based on a valuation performed as of the acquisition date and are amortized on a straight-line basis over their estimated useful lives of the respective intangible assets as follows:


Core deposit intangible			7 - 10 years
In-place lease intangible			Lease term

All indefinite lived intangible assets are tested annually for potential impairment or when triggering events occur. Intangible assets with definite lives are tested for impairment when a triggering event occurs. No impairment charges related to goodwill and intangible assets were recorded during the years ended December 31, 2021, 2020 and 2019.

Servicing Assets

The Company accounts for its servicing assets at amortized cost in accordance with ASC 860, "Servicing Assets and Liabilities." The codification requires that servicing rights acquired through the origination of loans, which are sold with servicing rights retained, are recognized as separate assets. Servicing assets are recorded as the difference between the contractual servicing fees and adequate compensation for performing the servicing, and are periodically reviewed and adjusted for any impairment. The amount of impairment recognized, if any, is the amount by which the servicing assets exceed their fair value. The amount of recovery, if any, cannot exceed the previous impairment recognized. Fair value of the servicing assets is estimated using discounted cash flows based on current market interest rates. Servicing rights are amortized over their estimated lives.

Marketing Expense

The Company expenses all marketing costs as they are incurred. Marketing expenses were $5,344, $3,651 and $3,259 in 2021, 2020 and 2019, respectively.

Income Taxes

The Company files a consolidated income tax return with its subsidiaries. Federal income tax expense or benefit is allocated on a separate return basis.

The Company accounts for income taxes using the asset and liability approach for financial accounting and reporting. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years.

The Company may recognize the tax benefit of an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements would be the benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. For the years ended December 31, 2021 and 2020, management has determined there are no material uncertain tax positions.

When necessary, the Company would include interest assessed by taxing authorities in “interest expense” and penalties related to income taxes in “other expense” on its Consolidated Statements of Income. The Company recorded $126, $143 and $309 of interest or penalties related to income tax for the years ended December 31, 2021, 2020 and 2019, respectively. With few exceptions, such as state examinations, the Company is generally no longer subject to U.S. federal income tax examinations by tax authorities for the years before 2018 and state income tax examinations for tax years prior to 2017.

Fair Values of Financial Instruments

Fair values of financial instruments are estimated using relevant market information and other assumptions. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. The fair value estimates of existing on and off-balance sheet financial instruments do not include the value of anticipated future business or the value of assets and liabilities not considered financial instruments.

Revenue from Contracts with Customers

The Company records revenue from contracts with customers in accordance with ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods.

The Company’s primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments that are not within the scope of Topic 606. The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the consolidated statements of income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from contracts with customers.

Stock Based Compensation

Compensation cost is recognized for stock options and other equity awards (performance and non-performance based) issued to employees and directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. The market price of the Company’s common stock on the date of grant is used to estimate fair value for other nonperformance based equity awards. A Monte Carlo simulation is used to estimate the fair value of performance-based restricted stock units that include a vesting condition and a market condition based on the Company’s total shareholder return relative to a peer group comprised of commercial banks in similar markets, which determines the number of shares of Company common stock subject to the restricted stock unit.

Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.

Liability-Classified Awards

The fair value of a liability award is determined on a quarterly basis beginning at the grant date until final vesting. Changes in the fair value of liability awards are recorded over the vesting period of the award. Changes in the fair value of liability awards that occur during the requisite service period are recognized as compensation cost over that period. The percentage of the fair value that is accrued as compensation cost at the end of each period equals the percentage of the requisite service that has been rendered at that date. Changes in the fair value of a liability award that occur after the end of the requisite service period are recognized as compensation cost in the period in which the changes occur. Any difference between the amount for which a liability award is settled and its fair value at the settlement date is an adjustment of compensation cost in the period of settlement. Compensation cost for liability awards is recorded in salaries and employee benefits and the associated liability is recorded in accounts payable and accrued expenses.

For liability to equity award modifications, the aggregate amount of compensation cost recognized is the fair value-based measure of the award on the modification date. On the modification date, the Company reclassifies the previously recorded share-based compensation liability to additional paid-in capital.

Treasury Stock

Treasury stock is stated at cost, which is determined by the first-in, first-out method.

Comprehensive Income

Comprehensive income includes all changes in stockholders’ equity during a period, except those resulting from transactions with stockholders. In addition to net income, comprehensive income includes the net effect of changes in the fair value of AFS debt securities, net of tax, and the net effect of changes in fair value of derivative instruments designated as cash flow hedges. Comprehensive income is reported in the accompanying consolidated statements of comprehensive income.

Business Combinations

The Company applies the acquisition method of accounting for business combinations. Under the acquisition method, the acquiring entity in a business combination recognizes 100% of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred.

Earnings Per Share ("EPS")

EPS are based upon the weighted-average number of shares outstanding. The table below sets forth the reconciliation between weighted average shares used for calculating basic and diluted EPS for the years ended December 31, 2021, 2020 and 2019.


	Year Ended December 31,
	2021		2020		2019
Earnings (numerator)


Net income	$	139,584	$	73,883	$	90,739
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)	49,405		49,883		53,154
Dilutive effect of employee stock-based awards	947		153		824
Adjusted weighted average shares outstanding	50,352		50,036		53,978
EPS:
Basic	$	2.83	$	1.48	$	1.71
Diluted	$	2.77	$	1.48	$	1.68

For the year ended December 31, 2021, there were 29 antidilutive restricted stock units ("RSUs") excluded from the diluted EPS weighted average shares. For the year ended December 31, 2020, there were 1,481 antidilutive shares excluded from the diluted EPS weighted average shares, 1,137 of these relate to antidilutive stock options and the remaining 344 relate to antidilutive RSUs. For the year ended December 31, 2019 there were no antidilutive shares excluded from the diluted EPS weighted average shares.

Supplemental Statement of Cash Flows

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Statement of Cash Flows

Supplemental Statement of Cash FlowsOther supplemental cash flow information is presented below:


	Year Ended December 31,
	2021		2020		2019
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	37,139	$	58,236	$	88,175
Cash paid for income taxes	14,349		40,690		24,100
Supplemental Disclosures of Non-Cash Flow Information:

Setup of ROU asset and lease liability	$	6,232	$	4,123	$	9,380

Contingent consideration in connection with acquisitions	5,000		—		—
Reclassification of deferred offering costs paid in 2018 from other assets to additional paid-in-capital	—		—		788
Subordinated debt issuance costs accrued but not yet paid in 2019	—		—		315
Reclassification of lease intangibles, cease-use liability and deferred rent liability to ROU asset upon adoption of ASC 842	—		—		(48)


Net foreclosure of OREO and repossessed assets	334		2,764		5,995
LHI transferred to loans held for sale	10,890		4,511		—
Reclassification of branch assets held for sale to LHI	—		—		26,171
Reclassification of branch liabilities held for sale to interest-bearing transaction and savings deposits	—		—		1,713


	Year Ended December 31,
	2021		2020		2019
Noncash assets acquired1
Debt securities	$	—	$	—	$	660,792
Equity securities	—		—		12,322
FHLB and FRB stock	—		—		29,490
Loans held for sale	—		—		9,360
LHI	29,338		—		3,245,248
Accrued interest receivable2	—		—		11,395
Bank-owned life insurance	—		—		56,841
Bank premises, furniture and equipment	—		—		36,855
Investment in unconsolidated subsidiaries	—		—		666
Other real estate owned	—		—		—
Intangible assets, net	13,913		—		65,718
Goodwill	32,931		—		209,393
Other assets	690		—		11,124
Right of use asset2	—		—		9,373
Deferred taxes2	—		—		11,783
Current taxes2	—		—		1,812
Assets held for sale	—		—		85,307
Total assets	$	76,872	$	—	$	4,457,479
Noncash liabilities assumed1
Noninterest-bearing deposits	$	—	$	—	$	825,364
Interest-bearing deposits	—		—		1,300,825
Certificates and other time deposits	—		—		1,346,915
Accounts payable and other liabilities	16,350		—		26,491
Lease liability3	—		—		9,373
Accrued interest payable	—		—		5,181
Securities sold under agreements to repurchase	—		—		3,226
Advances from FHLB	—		—		300,000
Subordinated debentures and subordinated notes	—		—		56,233
Liabilities held for sale	—		—		52,682
Total liabilities	$	16,350	$	—	$	3,926,290


Total equity
29,532,957 shares of common stock exchanged in connection with Green	$	—	$	—	$	631,415
497,594 share of common stock exchanged in connection with Green vested RSUs	$	—	$	—	$	5,801

1 Noncash assets acquired and noncash liabilities assumed during 2021 related to our acquisition of NAC and 2019 related to our acquisition of Green.

2 Accrued interest receivable, right of use asset, deferred taxes and current taxes are included in "Other assets" in our consolidated balance sheets for the year ended December 31, 2019.

3 Lease liability is included in "Accounts payable and other liabilities" in the Company's consolidated balance sheets for the year ended December 31, 2019.

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2019-12, "Income Taxes (Topic 740)" ("ASU 2019-12") simplifies the accounting for income taxes by removing certain exceptions and improves the consistent application of GAAP by clarifying and amending other existing guidance. ASU 2019-12 was effective for us on January 1, 2021 and did not have a significant impact on our consolidated financial statements and related disclosures. ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04") amendments provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The adoption of ASU 2020-04 did not significantly impact our consolidated financial statements and related disclosures. ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs ("ASU 2020-08") clarifies the accounting for the amortization of purchase premiums for callable debt securities with multiple call dates. ASU 2020-08 was effective for us on January 1, 2021 and did not have a significant impact on our consolidated financial statements and related disclosures.

Share Transactions

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Share Transactions

The Company's Board of Directors (the “Board”) has authorized the purchase of up to $250,000 of the Company's outstanding common stock under a stock buyback program (the "Stock Buyback Program") with an expiration date of December 31, 2022. The shares may be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (“SEC”). The Stock Buyback Program does not obligate the Company to purchase any shares. The Stock Buyback Program may be terminated or amended by the Board at any time prior to its expiration.


	Year Ended December 31,
	2021		2020
Number of shares repurchased	475,744		2,349,639
Weighted average price per share	$	32.36	$	24.51

Securities

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Securities

Equity Securities With a Readily Determinable Fair Value

The Company held equity securities with a fair value of $11,038 and $11,363 at December 31, 2021 and 2020, respectively. No gains or losses on equity securities with a readily determinable fair value were realized during the year ended December 31, 2021 or 2019. The Company realized a loss of $8 on equity securities with a readily determinable fair value during the year ended December 31, 2020.

The gross unrealized gain recognized on equity securities with readily determinable fair values recorded in other noninterest income in the Company’s consolidated statements of income were as follows:


	2021		2020		2019
Unrealized (loss) gain recognized on equity securities with a readily determinable fair value	$	(325)	$	480	$	325

Equity Securities Without a Readily Determinable Fair Value

The Company held equity securities without a readily determinable fair values and measured at cost of $4,355 and $3,575 at December 31, 2021 and 2020, respectively.

Debt Securities

Debt securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost, related gross unrealized gains and losses, ACL and the fair value of AFS and HTM debt securities are as follows:


	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
AFS
Corporate bonds	$	198,396	$	10,294	$	178	$	—	$	208,512
Municipal securities	116,100		8,261		431		—		123,930
Mortgage-backed securities	124,230		4,326		1,489		—		127,067
Collateralized mortgage obligations	424,174		12,240		2,350		—		434,064
Asset-backed securities	53,466		1,616		519		—		54,563
Collateralized loan obligations	45,089		—		167		—		44,922
	$	961,455	$	36,737	$	5,134	$	—	$	993,058

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
HTM
Mortgage-backed securities	$	25,767	$	45	$	508	$	—	$	25,304
Collateralized mortgage obligations	5,490		560		—		—		6,050
Municipal securities	28,179		2,015		102		—		30,092
	$	59,436	$	2,620	$	610	$	—	$	61,446

The Company did not transfer any debt securities from AFS to HTM at fair value during the year ended December 31, 2021.


	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
AFS

Corporate bonds	$	173,050	$	6,417	$	1,297	$	—	$	178,170
Municipal securities	115,533		10,129		6		—		125,656
Mortgage-backed securities	240,320		16,047		42		—		256,325
Collateralized mortgage obligations	388,080		20,895		66		—		408,909
Asset-backed securities	52,335		2,934		—		—		55,269
	$	969,318	$	56,422	$	1,411	$	—	$	1,024,329

			Gross		Gross
	Amortized		Unrealized		Unrealized
HTM	Cost		Gains		Losses		ACL		Fair Value
Mortgage-backed securities	$	6,982	$	849	$	—	$	—	$	7,831
Collateralized mortgage obligations	1,620		103		—		—		1,723
Municipal securities	22,270		2,459		—		—		24,729
	$	30,872	$	3,411	$	—	$	—	$	34,283

The following tables disclose the Company’s AFS debt securities in an unrealized loss position for which an ACL has not been recorded, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:


	December 31, 2021
	Less Than 12 Months				12 Months or More				Totals
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
AFS

Corporate bonds	$	7,072	$	178	$	—	$	—	$	7,072	$	178
Municipal securities	12,704		194		4,350		237		17,054		431
Mortgage-backed securities	40,276		1,283		4,677		206		44,953		1,489
Collateralized mortgage obligations	106,063		2,350		—		—		106,063		2,350
Asset-backed securities	11,265		519		—		—		11,265		519
Collateralized loan obligations	44,922		167		—		—		44,922		167
	$	222,302	$	4,691	$	9,027	$	443	$	231,329	$	5,134

HTM
Mortgage-backed securities	$	24,214	$	508	$	—	$	—	$	24,214	$	508

Municipal securities	4,583		102		—		—		4,583		102
	$	28,797	$	610	$	—	$	—	$	28,797	$	610


	December 31, 2020
	Less Than 12 Months				12 Months or More				Totals
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
AFS

Corporate bonds	$	31,953	$	1,297	$	—	$	—	$	31,953	$	1,297
Municipal securities	2,667		6		—		—		2,667		6
Mortgage-backed securities	34,402		108		—		—		34,402		108


	$	69,022	$	1,411	$	—	$	—	$	69,022	$	1,411

Management evaluates AFS debt securities in unrealized loss positions to determine whether the impairment is due to credit-related factors or noncredit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value.

The number of AFS debt securities in an unrealized loss position totaled 34 and 11 at December 31, 2021 and December 31, 2020, respectively. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of December 31, 2021, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions, and therefore no losses have been recognized in the Company’s consolidated statements of income.

The amortized costs and estimated fair values of AFS debt securities, by contractual maturity, as of the dates indicated, are shown in the table below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and asset-backed securities typically are issued with stated principal amounts, and the securities are backed by pools of mortgage loans and other loans that have varying maturities. The terms of mortgage-backed securities, collateralized

mortgage obligations and asset-backed securities thus approximates the terms of the underlying mortgages and loans and can vary significantly due to prepayments. Therefore, these securities are not included in the maturity categories below.


	December 31, 2021
	AFS				HTM
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value

Due from one year to five years	$	5,201	$	5,241	$	—	$	—
Due from five years to ten years	178,203		186,972		3,849		4,115
Due after ten years	131,092		140,229		24,330		25,977
	314,496		332,442		28,179		30,092
Mortgage-backed securities and collateralized mortgage obligations	548,404		561,131		31,257		31,354
Asset-backed securities	53,466		54,563		—		—
Collateralized loan obligations	45,089		44,922		—		—
	$	961,455	$	993,058	$	59,436	$	61,446


	December 31, 2020
	AFS				HTM
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value

Due from one year to five years	$	4,935	$	5,139	$	—	$	—
Due from five years to ten years	154,576		158,510		3,334		3,591
Due after ten years	129,072		140,177		18,936		21,138
	288,583		303,826		22,270		24,729
Mortgage-backed securities and collateralized mortgage obligations	628,400		665,234		8,602		9,554
Asset-backed securities	52,335		55,269		—		—
	$	969,318	$	1,024,329	$	30,872	$	34,283

Proceeds from sales of debt securities AFS and gross realized gains and losses for the years ended December 31, 2021, 2020 and 2019 were as follows:


	December 31,
	2021		2020		2019
Proceeds from sales	$	13,300	$	113,771	$	567,718
Gross realized gains	—		2,879		532
Gross realized losses	188		256		2,384

As of December 31, 2021 and December 31, 2020, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of shareholders' equity. As further explained in Note 12, Advances from the FHLB, there was a blanket floating lien on all debt securities to secure FHLB advances as of December 31, 2021 and December 31, 2020.

LHI and ACL

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

LHI and ACL

LHI in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
LHI, carried at amortized cost:
Real estate:
Construction and land	$	1,062,144	$	693,030
Farmland	55,827		13,844
1 - 4 family residential	542,566		524,344
Multi-family residential	310,241		424,962
OOCRE	665,537		717,472
NOOCRE	2,120,309		1,904,132
Commercial	2,006,876		1,559,546
MW	565,645		577,594
Consumer	11,998		13,000
	7,341,143		6,427,924

Deferred loan fees, net	(9,489)		(2,468)
ACL	(77,754)		(105,084)
LHI carried at amortized cost, net	$	7,253,900	$	6,320,372

LHI, carried at fair value:
PPP Loans	$	53,369	$	358,042

Total LHI, net	$	7,307,269	$	6,678,414

Included in the total LHI, net, as of December 31, 2021 and 2020 is an accretable discount related to purchased performing and PCD loans acquired within a business combination in the approximate amounts of $8,657 and $15,526, respectively. The discount is being accreted into income on a level-yield basis over the life of the loans. In addition, included in total LHI, net, as of December 31, 2021 and 2020 is a discount on retained loans from sale of originated SBA loans of $3,430 and $3,215, respectively.

LHI, PPP loans, carried at fair value

Included in total LHI, net, as of December 31, 2021 and 2020, was $53,369 and $358,042, respectively, of PPP loans, which are carried at fair value. The following table summarizes the PPP fee income and net gain (loss) due to the change in the fair value of PPP loans which are included in government guaranteed loan income, net on the Company's consolidated statements of income and in change in fair value of government guaranteed loans using fair value option on the Company's consolidated statements of cash flows.


	December 31, 2021		December 31, 2020

PPP fee income	$	7,721	$	12,811
Net gain (loss) due to the change in fair value	1,531		(1,799)

These PPP loans were originated through an application to the SBA under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and are 100% forgivable if certain criteria are met by the borrowers. As of December 31, 2021 we believe a majority of the Company’s PPP loans will meet such criteria.

ACL


	December 31, 2021
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	7,768	$	56	$	8,148	$	6,231	$	9,719	$	35,237	$	37,554	$	371	$	105,084


Credit loss (benefit) expense non-PCD loans	(547)		131		(2,153)		(3,567)		(2,325)		(7,490)		(9,510)		(401)		(25,862)
Credit loss expense PCD loans	72		—		302		—		3,721		10,737		7,622		59		22,513
Charge-offs	—		—		(379)		—		(2,400)		(7,936)		(15,576)		(99)		(26,390)
Recoveries	—		—		64		—		500		—		1,542		303		2,409
Ending Balance	$	7,293	$	187	$	5,982	$	2,664	$	9,215	$	30,548	$	21,632	$	233	$	77,754


	December 31, 2020
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	3,821	$	62	$	2,143	$	1,200	$	1,991	$	8,126	$	12,369	$	122	$	29,834
Impact of adopting ASC 326 non-PCD loans	(707)		4		3,716		628		3,406		5,138		7,025		217		19,427
Impact of adoption ASC 326 PCD loans	645		—		908		—		7,682		2,037		8,335		103		19,710
Credit loss expense non-PCD loans	4,554		(10)		1,720		4,403		4,364		15,397		24,413		(178)		54,663
Credit loss expense PCD loans	(545)		—		(378)		—		(5,303)		7,404		817		(18)		1,977
Charge-offs	—		—		(18)		—		(2,421)		(2,865)		(15,507)		(162)		(20,973)
Recoveries	—		—		57		—		—		—		102		287		446
Ending Balance	$	7,768	$	56	$	8,148	$	6,231	$	9,719	$	35,237	$	37,554	$	371	$	105,084


	December 31, 2019
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	2,186	$	58	$	1,614	$	361	$	1,393	$	5,070	$	8,554	$	19	$	19,255
Credit Loss Expense	1,635		4		619		839		598		3,056		14,487		276		21,514
Charge-offs	—		—		(157)		—		—		—		(10,898)		(265)		(11,320)
Recoveries	—		—		67		—		—		—		226		92		385
Ending Balance	$	3,821	$	62	$	2,143	$	1,200	$	1,991	$	8,126	$	12,369	$	122	$	29,834

The majority of the Company's loan portfolio consists of loans to businesses and individuals in the Dallas-Fort Worth metroplex and the Houston metropolitan area. This geographic concentration subjects the loan portfolio to the general economic conditions within these areas. The risks created by this concentration have been considered by management in the determination of the adequacy of the ACL. Management believes the ACL was adequate to cover estimated losses on loans as of December 31, 2021 and 2020.

A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of December 31, 2021:


	December 31, 2021					December 31, 2020
		Real Property(1)		ACL Allocation			Real Property(1)		ACL Allocation
Real estate:


1 - 4 family residential		$	—	$	—		$	199	$	11


NOOCRE		17,908		7,808			16,080		—
Commercial		1,702		—			8,666		4,668

Consumer		1,063		—			143		50
Total		$	20,673	$	7,808		$	25,088	$	4,729

(1) Loans reported exclude PCD loans that transitioned upon adoption of ASC 326 and accounted for on a pooled basis. Refer to Note 1 for further discussion.

Nonaccrual and Past Due Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Nonaccrual loans, aggregated by class of loans, as of December 31, 2021 and 2020, were as follows:


	December 31, 2021				December 31, 2020
	Nonaccrual		Nonaccrual With No ACL			Nonaccrual		Nonaccrual With No ACL
Real estate:


1 - 4 family residential	$	990	$	990		$	3,308	$	3,199

OOCRE	14,236		13,824			6,266		5,645
NOOCRE	17,978		191			40,830		19,213
Commercial	15,267		4,207			29,318		1,015

Consumer	1,216		1,216			1,374		1,220
Total	$	49,687	$	20,428		$	81,096	$	30,292

There were $11,056 and $1,508 of PCD loans that are not accounted for on a pooled basis included in nonaccrual loans at December 31, 2021 and 2020.

During the year ended December 31, 2021 and 2020, interest income not recognized on non-accrual loans, excluding PCD/PCI loans, was $2,718 and $3,368, respectively.

An age analysis of past due loans, aggregated by class of loans, as of December 31, 2021 and 2020 is as follows:


	December 31, 2021
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		PCD		Total Loans		Total 90 Days Past Due and Still Accruing(1)
Real estate:
Construction and land	$	—	$	—	$	—	$	—	$	1,059,796	$	2,348	$	1,062,144	$	—
Farmland	—		—		—		—		55,827		—		55,827		—
1 - 4 family residential	2,073		—		1,008		3,081		538,307		1,178		542,566		24
Multi-family residential	—		—		—		—		310,241		—		310,241		—
OOCRE	4,538		965		11,622		17,125		620,848		27,564		665,537		—
NOOCRE	936		—		192		1,128		2,100,981		18,200		2,120,309		—
Commercial	1,525		4,395		3,708		9,628		1,988,622		8,626		2,006,876		191
MW	—		—		—		—		565,645		—		565,645		—
Consumer	135		105		1,082		1,322		10,499		177		11,998		20
	$	9,207	$	5,465	$	17,612	$	32,284	$	7,250,766	$	58,093	$	7,341,143	$	235

(1) Loans 90 days past due and still accruing excludes $9,345 of pooled PCD loans and $206 of PPP loans as of December 31, 2021.


	December 31, 2020
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		PCD		Total Loans		Total 90 Days Past Due and Still Accruing (1)
Real estate:
Construction and land	$	—	$	—	$	—	$	—	$	690,345	$	2,685	$	693,030	$	—
Farmland	—		—		—		—		13,844		—		13,844		—
1 - 4 family residential	2,338		122		4,802		7,262		508,341		8,741		524,344		1,670
Multi-family residential	—		—		—		—		424,962		—		424,962		—
OOCRE	2,278		2,143		2,814		7,235		672,246		37,991		717,472		1,280
NOOCRE	7,675		2,911		17,586		28,172		1,832,784		43,176		1,904,132		—
Commercial	1,983		1,431		20,360		23,774		1,516,312		19,460		1,559,546		1,230
MW	—		—		—		—		577,594		—		577,594		—
Consumer	75		77		1,338		1,490		11,308		202		13,000		24
	$	14,349	$	6,684	$	46,900	$	67,933	$	6,247,736	$	112,255	$	6,427,924	$	4,204

(1) Loans 90 days past due and still accruing excludes $32,627 of pooled PCD loans as of December 31, 2020 that transitioned upon adoption of ASC 326. Refer to Note 1 for further discussion.

Loans 90 days past due and still accruing interest were $235 and $4,204 as of December 31, 2021 and December 31, 2020, respectively. These loans are considered well-secured and in the process of collection as of the reporting date with plans in place for the borrowers to bring the loans fully current. The Company believes that it will collect all principal and interest due on each of the loans 90 days past due and still accruing.

Troubled Debt Restructuring

Modifications of terms for the Company’s loans and their inclusion as TDRs are based on individual facts and circumstances. Loan modifications that are included as TDRs may involve a reduction of the stated interest rate of the loan, an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk, or deferral of principal payments, regardless of the period of the modification. The recorded investment in TDRs was $25,518 and $29,157 as of December 31, 2021 and 2020, respectively.

The following table presents the pre- and post-modification amortized cost of loans modified as TDRs during the twelve months ended December 31, 2021. There was one new TDR during the year ended December 31, 2021, which has since paid off and thirteen new TDRs during the year ended December 31, 2020. The Company did not grant principal reductions or interest rate concessions on any TDRs during the twelve months ended December 31, 2021. The terms of certain loans modified as TDRs during the year ended December 31, 2021 and December 31, 2020 are summarized in the following tables:


	During the year ended December 31, 2020
	Adjusted Payment Structure		Payment Deferrals		Total Modifications		Number of Loans





OOCRE	$	5,326	$	—	$	5,326	5
NOOCRE	—		19,454		19,454		4
Commercial	1,419		1,345		2,764		4


Total	$	6,745	$	20,799	$	27,544	13

There were no loans modified as TDR loans within the previous 12 months and for which there was a payment default during the years ended December 31, 2021 and 2020. A default for purposes of this disclosure is a TDR loan in which the borrower is 90 days past due or results in the foreclosure and repossession of the applicable collateral.

During the years ended December 31, 2021 and 2020, interest income that would have been recorded on TDR loans had the terms of the loans not been modified was $778 and $1,537, respectively.

The Company has not committed to lend additional amounts to customers with outstanding loans classified as TDRs as of December 31, 2021 or December 31, 2020.

Credit Quality Indicators

From a credit risk standpoint, the Company classifies its loans in one of the following categories: (i) pass, (ii) special mention, (iii) substandard or (iv) doubtful. Loans classified as loss are charged-off. Loans not rated special mention, substandard, doubtful or loss are classified as pass loans.

The classifications of loans reflect a judgment about the risks of default and loss associated with the loan. The Company reviews the ratings on criticized credits monthly. Ratings are adjusted to reflect the degree of risk and loss that is felt to be inherent in each credit as of each monthly reporting period. All classified credits are evaluated for impairment. If impairment is determined to exist, a specific reserve is established. The Company’s methodology is structured so that specific reserves are increased in accordance with deterioration in credit quality (and a corresponding increase in risk and loss) or decreased in accordance with improvement in credit quality (and a corresponding decrease in risk and loss).

Credits rated special mention show clear signs of financial weaknesses or deterioration in credit worthiness, however, such concerns are generally not so pronounced that the Company expects to experience significant loss within the short-term. Such credits typically maintain the ability to perform within standard credit terms and credit exposure is not as prominent as credits with a lower rating.

Credits rated substandard are those in which the normal repayment of principal and interest may be, or has been, jeopardized by reason of adverse trends or developments of a financial, managerial, economic or political nature, or important weaknesses which exist in collateral. A protracted workout on these credits is a distinct possibility. Prompt corrective action is therefore required to strengthen the Company’s position, and/or to reduce exposure and to assure that adequate remedial measures are taken by the borrower. Credit exposure becomes more likely in such credits and a serious evaluation of the secondary support to the credit is performed.

Credits rated doubtful are those in which full collection of principal appears highly questionable, and in which some degree of loss is anticipated, even though the ultimate amount of loss may not yet be certain and/or other factors exist which could affect collection of debt. Based upon available information, positive action by the Company is required to avert or minimize loss. Credits rated doubtful are generally also placed on nonaccrual.

Credits classified as PCD are those that, at acquisition date, have experienced a more-than-insignificant deterioration in credit quality since origination. All loans considered to be PCI loans prior to January 1, 2020 were converted to PCD loans upon adoption of ASC 326. The Company elected to maintain pools of loans that were previously accounted for under ASC

310-30 and will continue to account for these pools as a unit of account. Loans are only removed from the existing pools if they are foreclosed, written off, paid off, or sold.

The Company considers the guidance in ASC 310-20 when determining whether a modification, extension or renewal of a loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. Based on the most recent analysis performed, the risk category of loans by class of loans based on year or origination is as follows:


	Term Loans Amortized Cost Basis by Origination Year1
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2021
Construction and land:
Pass	$	389,420	$	453,262	$	116,855	$	57,637	$	5,741	$	29,182	$	4,631	$	1,163	$	1,057,891
Special mention	—		1,593		—		312		—		—		—		—		1,905

PCD	—		—		—		—		—		2,348		—		—		2,348
Total construction and land	$	389,420	$	454,855	$	116,855	$	57,949	$	5,741	$	31,530	$	4,631	$	1,163	$	1,062,144

Farmland:
Pass	$	16,849	$	28,655	$	27	$	3,367	$	2,957	$	2,643	$	1,329	$	—	$	55,827



Total farmland	$	16,849	$	28,655	$	27	$	3,367	$	2,957	$	2,643	$	1,329	$	—	$	55,827

1 - 4 family residential:
Pass	$	191,333	$	101,377	$	54,826	$	59,861	$	27,743	$	85,661	$	12,659	$	6,025	$	539,485
Special mention	—		—		—		—		—		352		—		—		352
Substandard	—		—		—		—		81		903		567		—		1,551
PCD	—		—		—		—		—		1,178		—		—		1,178
Total 1-4 family residential	$	191,333	$	101,377	$	54,826	$	59,861	$	27,824	$	88,094	$	13,226	$	6,025	$	542,566

Multi-family residential:
Pass	$	67,979	$	59,239	$	54,321	$	68,531	$	11,815	$	27,020	$	49	$	—	$	288,954
Special mention	—		—		—		21,287		—		—		—		—		21,287


Total multi-family residential	$	67,979	$	59,239	$	54,321	$	89,818	$	11,815	$	27,020	$	49	$	—	$	310,241

OOCRE:
Pass	$	114,413	$	111,516	$	56,964	$	73,112	$	54,921	$	174,500	$	2,986	$	2,965	$	591,377
Special mention	2,420		—		1,052		—		—		6,232		—		—		9,704
Substandard	—		412		—		25,440		781		10,259		—		—		36,892
PCD	—		1,377		—		—		6,567		19,620		—		—		27,564
Total OOCRE	$	116,833	$	113,305	$	58,016	$	98,552	$	62,269	$	210,611	$	2,986	$	2,965	$	665,537

NOOCRE:
Pass	$	628,140	$	298,091	$	254,566	$	319,359	$	56,710	$	336,713	$	5,861	$	23,015	$	1,922,455
Special mention	—		613		1,685		29,469		16,354		48,952		—		489		97,562
Substandard	—		48		1,775		26,209		1,581		52,479		—		—		82,092
PCD	—		—		—		13,620		—		4,580		—		—		18,200
Total NOOCRE	$	628,140	$	298,752	$	258,026	$	388,657	$	74,645	$	442,724	$	5,861	$	23,504	$	2,120,309

Commercial:
Pass	$	430,213	$	187,370	$	124,798	$	65,186	$	40,254	$	52,491	$	968,229	$	19,130	$	1,887,671
Special mention	7,958		2,341		149		15,136		1,069		3,368		3,482		2,589		36,092
Substandard	15,662		5,843		6,286		14,908		4,167		2,779		20,500		4,342		74,487
PCD	—		—		—		315		1,785		6,526		—		—		8,626


Total commercial	$	453,833	$	195,554	$	131,233	$	95,545	$	47,275	$	65,164	$	992,211	$	26,061	$	2,006,876

MW:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	564,850	$	250	$	565,100

Substandard	—		—		—		—		—		—		545		—		545

Total MW	$	—	$	—	$	—	$	—	$	—	$	—	$	565,395	$	250	$	565,645

Consumer:
Pass	$	3,362	$	1,566	$	512	$	408	$	2,777	$	784	$	1,006	$	25	$	10,440
Special mention	—		—		—		—		65		14		—		—		79
Substandard	—		—		22		—		177		39		1,064		—		1,302
PCD	—		—		—		—		24		153		—		—		177
Total consumer	$	3,362	$	1,566	$	534	$	408	$	3,043	$	990	$	2,070	$	25	$	11,998

Total Pass	$	1,841,709	$	1,241,076	$	662,869	$	647,461	$	202,918	$	708,994	$	1,561,600	$	52,573	$	6,919,200
Total Special Mention	10,378		4,547		2,886		66,204		17,488		58,918		3,482		3,078		166,981
Total Substandard	15,662		6,303		8,083		66,557		6,787		66,459		22,676		4,342		196,869
Total PCD	—		1,377		—		13,935		8,376		34,405		—		—		58,093
Total	$	1,867,749	$	1,253,303	$	673,838	$	794,157	$	235,569	$	868,776	$	1,587,758	$	59,993	$	7,341,143

1 Term loans amortized cost basis by origination year excludes $9,489 of deferred loan fees, net.


	Term Loans Amortized Cost Basis by Origination Year1
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2020
Construction and land:
Pass	$	155,358	$	282,497	$	179,372	$	11,791	$	9,938	$	27,147	$	21,066	$	—	$	687,169
Special mention	—		—		2,666		—		—		—		—		—		2,666
Substandard	—		—		510		—		—		—		—		—		510
PCD	—		—		—		—		—		2,685		—		—		2,685
Total construction and land	$	155,358	$	282,497	$	182,548	$	11,791	$	9,938	$	29,832	$	21,066	$	—	$	693,030

Farmland:
Pass	$	867	$	972	$	3,367	$	3,688	$	—	$	3,656	$	1,294	$	—	$	13,844



Total farmland	$	867	$	972	$	3,367	$	3,688	$	—	$	3,656	$	1,294	$	—	$	13,844

1 - 4 family residential:
Pass	$	120,580	$	79,617	$	91,890	$	49,338	$	31,936	$	115,797	$	19,065	$	2,968	$	511,191
Special mention	—		1,077		154		760		—		687		—		—		2,678
Substandard	—		—		142		668		—		—		924		—		1,734
PCD	—		—		—		—		—		8,741		—		—		8,741
Total 1 - 4 family residential	$	120,580	$	80,694	$	92,186	$	50,766	$	31,936	$	125,225	$	19,989	$	2,968	$	524,344

Multi-family residential:
Pass	$	107,332	$	106,559	$	139,721	$	18,722	$	32,672	$	7,218	$	58	$	—	$	412,282
Special mention	—		—		12,680		—		—		—		—		—		12,680


Total multi-family residential	$	107,332	$	106,559	$	152,401	$	18,722	$	32,672	$	7,218	$	58	$	—	$	424,962

OOCRE:
Pass	$	113,741	$	65,262	$	75,940	$	79,253	$	79,202	$	176,668	$	5,532	$	—	$	595,598


Special mention	—			948			22,725		3,701		12,860		4,326		—		—		44,560
Substandard	370			—			10,579		3,830		11,315		6,822		201		6,206		39,323
PCD	—			—			—		—		7,951		30,040		—		—		37,991
Total OOCRE	$	114,111		$	66,210		$	109,244	$	86,784	$	111,328	$	217,856	$	5,733	$	6,206	$	717,472

NOOCRE:
Pass	$	361,246		$	255,976		$	445,079	$	90,738	$	174,893	$	309,572	$	13,413	$	—	$	1,650,917
Special mention	101			31,714			37,572		19,262		25,997		37,951		493		—		153,090
Substandard	1,226		0	9,850		0	4,562		4,108		—		23,098		14,105		—		56,949
PCD	—			—			18,744		—		6,652		17,780		—		—		43,176
Total NOOCRE	$	362,573		$	297,540		$	505,957	$	114,108	$	207,542	$	388,401	$	28,011	$	—	$	1,904,132

Commercial:
Pass	$	251,004		$	158,158		$	112,961	$	50,734	$	19,821	$	41,856	$	758,832	$	13,400	$	1,406,766
Special mention	1,306			2,539			8,224		10,033		1,201		2,165		26,922		3,670		56,060
Substandard	722			4,487			23,245		3,772		7,216		2,083		30,460		5,275		77,260
PCD	—			—			—		3,382		4,196		11,882		—		—		19,460
Total commercial	$	253,032		$	165,184		$	144,430	$	67,921	$	32,434	$	57,986	$	816,214	$	22,345	$	1,559,546

MW:
Pass	$	—		$	—		$	—	$	—	$	—	$	—	$	577,594	$	—	$	577,594



Total MW	$	—		$	—		$	—	$	—	$	—	$	—	$	577,594	$	—	$	577,594

Consumer:
Pass	$	2,489		$	1,216		$	1,038	$	3,899	$	887	$	353	$	1,475	$	—	$	11,357
Special mention	—			—			—		—		25		227		—		—		252
Substandard	—			—			—		60		—		66		1,063		—		1,189
PCD	—			—			—		36		—		166		—		—		202
Total consumer	$	2,489		$	1,216		$	1,038	$	3,995	$	912	$	812	$	2,538	$	—	$	13,000

Total Pass	$	1,112,617		$	950,257		$	1,049,368	$	308,163	$	349,349	$	682,267	$	1,398,329	$	16,368	$	5,866,718
Total Special Mention	1,407			36,278			84,021		33,756		40,083		45,356		27,415		3,670		271,986
Total Substandard	2,318			14,337			39,038		12,438		18,531		32,069		46,753		11,481		176,965
Total PCD	—			—			18,744		3,418		18,799		71,294		—		—		112,255
Total	$	1,116,342		$	1,000,872		$	1,191,171	$	357,775	$	426,762	$	830,986	$	1,472,497	$	31,519	$	6,427,924

1 Term loans amortized cost basis by origination year excludes

$2,468 of deferred loan fees, net.

Servicing Assets

The Company was servicing loans of approximately $509,977 and $264,019 as of December 31, 2021 and 2020, respectively. A summary of the changes in the related servicing assets are as follows:


	Year Ended December 31,
	2021		2020
Balance at beginning of year	$	3,363	$	3,113
Servicing assets acquired through acquisition	13,913		—
Increase from loan sales	1,330		1,121
Servicing asset impairment, net of recoveries	(71)		(368)
Amortization charged as a reduction to income	(830)		(503)

Balance at year-end	$	17,705	$	3,363

Fair value of servicing assets is estimated by discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. As of December 31, 2021 and 2020 there was a valuation allowance of $628 and $556, respectively.

The Company may also receive a portion of subsequent interest collections on loans sold that exceed the contractual servicing fees. In that case, the Company records an interest-only strip based on its relative fair market value and the other components of the loans. There was no interest-only strip receivable recorded at December 31, 2021 and 2020.

During the years ended December 31, 2021, 2020 and 2019, the Bank sold $40,001, $41,488 and $64,830, respectively, of SBA LHI resulting in a gain of $4,911, $3,379 and $4,388, respectively. The gain on sale of SBA loans is recorded in government guaranteed loan income, net in the Company's consolidated statements of income.

Bank Premises, Furniture and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Bank Premises, Furniture and Equipment

Bank premises, furniture and equipment in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Building and improvements	$	53,955	$	61,035
Site improvements	2,903		3,303
Tenant improvements	779		779
Leasehold improvements	7,358		5,923
Land	38,709		44,078
Furniture, fixtures and equipment	25,662		17,751
Construction in progress	1,464		630
	130,830		133,499
Less accumulated depreciation and amortization	21,559		18,436
	$	109,271	$	115,063

The Company recorded depreciation and amortization expense of approximately $3,123, $4,535 and $3,911 for the years ended December 31, 2021, 2020 and 2019, respectively.

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Operating leases in which the Company is the lessee are recorded as operating lease ROU assets and operating lease liabilities, included in other assets and accounts payable and other liabilities, respectively, on the Company’s consolidated balance sheets. The Company does not currently have finance leases in which it is the lessee.

Operating lease ROU assets represent the Company’s right to use an underlying asset during the lease term and operating liabilities represent its obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate at the lease commencement date. ROU assets are further adjusted for lease incentives. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in net occupancy and equipment expense in the consolidated statements of income.

The Company’s leases related primarily to office space and bank branches with remaining lease terms generally ranging from one to eight years. Certain lease arrangements contain extension options which typically range from five to 10 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. As of December 31, 2021, operating lease ROU assets and liabilities were $17,060 and $18,023, respectively. As of December 31, 2020, operating lease ROU assets and liabilities were $14,875 and $15,601, respectively, and is recorded in other assets and accounts payable and accrued expenses, respectively, in the consolidated balance sheets.

The table below summarizes the Company’s net lease cost:


	For the Year Ended December 31,
	2021		2020
Operating lease cost	$	4,298	$	4,131

Variable lease cost	641		810
Net lease cost	$	4,939	$	4,941

The table below summarizes other information related to the Company’s operating leases:


	For the Year Ended December 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,051		$	3,994
Weighted-average remaining lease term - operating leases, in years	6.0 years			3.3 years
Weighted-average discount rate - operating leases	1.94		%	1.56		%

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:


	December 31, 2021
Lease payments due:
Within one year	$	4,107
After one but within two years	3,879
After two but within three years	3,478
After three but within four years	2,637
After four but within five years	1,680
After five years	3,991
Total undiscounted cash flows	19,772
Less: Discount on cash flows	(1,749)
Total lease liability	$	18,023

There were no sale and leaseback transactions, leveraged leases or lease transactions with related parties during the years ended December 31, 2021 and 2020. As of December 31, 2021, the Company did not have any leases that had not yet commenced, but will create significant rights and obligations for the Company.

Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets in the accompanying consolidated balance sheets are summarized as follows:


	December 31, 2021
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	5.0 years	$	81,769	$	—	$	33,771	$	47,998
Servicing asset	7.2 years	22,090		627		3,758		17,705
Intangible lease assets	1.3 years	4,779		—		4,465		314
		$	108,638	$	627	$	41,994	$	66,017


	December 31, 2020
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	6.0 years	$	81,769	$	—	$	24,011	$	57,758
Servicing asset	7.4 years	6,847		556		2,928		3,363
Intangible lease assets	1.4 years	4,779		—		4,167		612
		$	93,395	$	556	$	31,106	$	61,733

For the years ended December 31, 2021, 2020 and 2019, amortization expense related to intangible assets of approximately $10,888, $11,297 and $12,022, respectively, is included within amortization of intangibles, occupancy and equipment and other income within the consolidated statements of income. For the years ended December 31, 2021 and 2020, a valuation allowance related to intangible assets was $627 and $556, respectively. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2021 was as follows:


Year	Amount
2022	$	12,453
2023	12,262
2024	12,199
2025	11,863
2026	11,777
Thereafter	5,463
	$	66,017

Goodwill

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GoodwillChanges in the carrying amount of goodwill in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Balance at beginning of year	$	370,840	$	370,840


North Avenue Capital, LLC acquisition (preliminary)	32,931		—

Balance at end of year	$	403,771	$	370,840

Deposits

12 Months Ended

Dec. 31, 2021

Statistical Disclosure for Banks [Abstract]

Deposits

Deposits in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Noninterest-bearing demand accounts	$	2,510,723	$	2,097,099
Interest-bearing demand accounts	579,406		453,111
Savings accounts	128,062		106,820
Limited access money market accounts	2,568,844		2,398,525
Certificates of deposit, greater than $250	651,345		827,594
Certificates of deposit, less than $250	925,235		629,697
Total	$	7,363,615	$	6,512,846

As of December 31, 2021, the scheduled maturities of certificates of deposit were as follows:


Year	Amount
2022	$	1,017,162
2023	523,160
2024	21,234
2025	11,200
2026	3,824

Total	$	1,576,580

The aggregate amount of demand deposit overdrafts that have been reclassified as loans were $2,128 and $106 as of December 31, 2021 and 2020, respectively. Brokered deposits at December 31, 2021 and 2020 totaled approximately $182,303 and $199,801, respectively.

Advances from the FHLB

12 Months Ended

Dec. 31, 2021

Advances from Federal Home Loan Banks [Abstract]

Advances from the FHLB

Advances from the FHLB totaled $777,562 and $777,718 at December 31, 2021 and 2020, respectively. As of December 31, 2021, the advances were collateralized by a blanket floating lien on certain debt securities and loans, had a weighted average rate of 0.94% and mature on various dates from 2022 to 2035. The Company had the availability to borrow additional funds of approximately $777,466 as of December 31, 2021.

Contractual maturities of FHLB advances at December 31, 2021 were as follows:


2022	$	27,562




2025 and thereafter	750,000
Total	$	777,562

Other Credit Extensions	12 Months Ended
Other Credit Extensions	Dec. 31, 2021
Debt Disclosure [Abstract]
Other Credit Extensions	Other Credit Extensions As of December 31, 2021 the Company maintained five credit facilities with commercial banks that provided federal funds credit extensions with an availability to borrow up to an aggregate amount of $175,000. As of December 31, 2020, the Company maintained five credit facilities with commercial banks that provide federal funds credit extensions with an availability to borrow up to an aggregate amount of approximately $175,000. There were no borrowings under these credit facilities as of December 31, 2021 and 2020. As of December 31, 2021 and 2020, the Company maintained a secured line of credit with the FRB with an availability to borrow approximately $995,139 and $871,485, respectively. Approximately $805,747 and $94,222 of commercial loans were pledged as collateral at December 31, 2021 and 2020, respectively. There were no borrowings under this line of credit as of December 31, 2021 and 2020.

Borrowed Funds

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Borrowed Funds

Borrowed funds in the accompanying consolidated balance sheets are as follows:


	December 31,
	2021		2020
Junior subordinated debentures (1)	$	30,465	$	30,244
Subordinated notes (2)	197,299		232,534
	$	227,764	$	262,778

(1) Junior subordinated debentures are net of a discount of $3,403 and 3,624 as of December 31, 2021 and 2020, respectively.

(2) Subordinated notes include a premium of $1,038 as of December 31, 2020 and debt issuance costs of $2,701 and $3,504 as of December 31, 2021 and 2020, respectively. Subordinated notes include no premium as of December 31, 2021 as the Company paid off the related subordinated debt during the year ended December 31, 2021.

Junior Subordinated Debentures

In connection with a previous acquisition, the Company assumed $3,093 in fixed to floating rate junior subordinated debentures underlying common securities and preferred capital securities (the “Parkway Trust Securities”), issued by Parkway National Capital Trust I (“Parkway Trust”), a statutory business trust and acquired wholly owned subsidiary of the Company. The Company became a guarantor and, as such, unconditionally guaranteed payment of accrued and unpaid distributions required to be paid on the Parkway Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if Parkway Trust is liquidated or terminated.

The Company owns all of the outstanding common securities of the Parkway Trust. The Parkway Trust used the proceeds from the issuance of the Parkway Trust Securities to buy the debentures originally issued by Fidelity Resource Company. These debentures are the Parkway Trust’s only assets and the interest payments from the debentures finance the distributions paid on the Parkway Trust Securities.

The Parkway Trust Securities pay cumulative cash distributions quarterly at a rate per annum equal to the 3-month LIBOR plus 1.85%. So long as no event of default leading to an acceleration event has occurred, the Company has the right at any time and from time to time during the term of the debentures to defer payments of interest by extending the interest distribution period for up to twenty consecutive quarterly periods. The effective rate as of December 31, 2021 and 2020 was 2.05% and 2.07%, respectively. The Parkway Trust Securities are subject to mandatory redemption, in whole or in part, upon repayment of the debentures at the stated maturity in the year 2036 or their earlier redemption, in each case at a redemption price equal to the aggregate liquidation preference of the Parkway Trust Securities plus any accumulated and unpaid distributions thereon to the date of redemption. Prior redemption is permitted under certain circumstances.

In connection with the acquisition of Sovereign on August 1, 2017, the Company assumed $8,609 in floating rate junior subordinated debentures underlying common securities and preferred capital securities (the “SovDallas Trust Securities”), issued by SovDallas Capital Trust I (“SovDallas Trust”), a statutory business trust and wholly-owned subsidiary of the Company. The Company became a guarantor and, as such, unconditionally guaranteed payment of accrued and unpaid distributions required to be paid on the SovDallas Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if SovDallas Trust is liquidated or terminated. The Company also owns all of the outstanding common securities of the SovDallas Trust.

The SovDallas Trust invested the total proceeds from the sale of the SovDallas Trust Securities and the investment in common shares in floating rate junior subordinated debentures originally issued by Sovereign. Interest on the SovDallas Trust Securities is payable quarterly at a rate equal to 3-month LIBOR plus 4.00%. Principal payments are due at maturity in July 2038. The effective rate as of December 31, 2021 and 2020 was 4.13% and 4.23%. The SovDallas Trust Securities are guaranteed by the Company and are subject to redemption. The Company may redeem the debt securities, in whole or in part, at any time at an amount equal to the principal amount of the debt securities being redeemed plus any accrued and unpaid interest.

In connection with the acquisition of Green on January 1, 2019, the Company assumed $5,155 in floating rate junior subordinated debentures underlying common securities and preferred capital securities (the “Patriot I Trust Securities”), issued by Patriot I Capital Trust I (“Patriot I Trust”), a statutory business trust and wholly-owned subsidiary of the Company. The Company became a guarantor and, as such, unconditionally guaranteed payment of accrued and unpaid distributions required to be paid on the Patriot I Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if Patriot I Trust is liquidated or terminated. The Company also owns all of the outstanding common securities of the Patriot I Trust.

The Patriot I Trust invested the total proceeds from the sale of the Patriot I Trust Securities and the investment in common shares in floating rate junior subordinated debentures originally issued by Green. Interest on the Patriot I Trust Securities is payable quarterly at a rate equal to 3-month LIBOR plus 1.85%. Principal payments are due at maturity in April 2036. The effective rate as of December 31, 2021 and 2020 was 1.97% and 2.09%. The Patriot I Trust Securities are guaranteed by the Company and are subject to redemption. The Company may redeem the debt securities, in whole or in part, at any time at an amount equal to the principal amount of the debt securities being redeemed plus any accrued and unpaid interest.

In connection with the acquisition of Green on January 1, 2019, the Company assumed $17,011 in floating rate junior subordinated debentures underlying common securities and preferred capital securities (the “Patriot II Trust Securities”), issued by Patriot II Capital Trust I (“Patriot II Trust”), a statutory business trust and wholly-owned subsidiary of the Company. The Company became a guarantor and, as such, unconditionally guaranteed payment of accrued and unpaid distributions required to be paid on the Patriot II Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if Patriot II Trust is liquidated or terminated. The Company also owns all of the outstanding common securities of the Patriot II Trust.

The Patriot II Trust invested the total proceeds from the sale of the Patriot II Trust Securities and the investment in common shares in floating rate junior subordinated debentures originally issued by Sovereign. Interest on the Patriot II Trust Securities is payable quarterly at a rate equal to 3-month LIBOR plus 1.80%. Principal payments are due at maturity in September 2037. The effective rate as of December 31, 2021 and 2020 was 2.00% and 2.02%. The Patriot II Trust Securities are guaranteed by the Company and are subject to redemption. The Company may redeem the debt securities, in whole or in part, at any time at an amount equal to the principal amount of the debt securities being redeemed plus any accrued and unpaid interest.

The Parkway Trust Securities, SovDallas Trust Securities, Patriot I Trust Securities and Patriot II Trust Securities qualify as Tier 1 capital, subject to regulatory limitations, under guidelines established by the Federal Reserve.

Subordinated Notes

During 2013 the Company issued, in the aggregate principal amount of $5,000, subordinated promissory notes (the “Notes”) in a private offering. The Notes were issued to certain entities controlled by an affiliate of the Company. The Notes are unsecured, with interest payable quarterly at a fixed rate of 6.0% per annum, and unpaid principal and interest due at the stated maturity on December 31, 2023. The Notes qualify as Tier 2 Capital, subject to regulatory limitations, under guidelines established by the Federal Reserve. In addition, the Notes may be redeemed, in whole or in part, on any interest payment date that occurs on or after December 23, 2018, subject to approval of the Federal Reserve. The Notes were redeemed in whole on February 14, 2020.

In connection with the issuance of the Notes, the Company issued warrants to purchase 25,000 shares of common stock of the Company at an exercise price of $11.00 per share, exercisable at any time, in whole or in part, prior to December 31, 2023. The fair value of the warrants was calculated at $0.80 and was recorded as additional paid-in capital, and the related debt discount was being accreted into interest expense. 10,000 warrants were exercised in the year ended December 31, 2020, for an exercise price of $110,000. 15,000 warrants were exercised on September 28, 2021, for an exercise price of $165,000.

In connection with the Company’s acquisition of Green on January 1, 2019, the Company assumed $35,000 of 8.50% Fixed-to-Floating Rate Subordinated Notes (the “8.50% Fixed-to-Floating Notes”) that mature on December 15, 2026. The 8.50% Fixed-to-Floating Notes, which qualify as Tier 2 capital under the Federal Reserve’s capital guidelines, have an interest rate of 8.50% per annum during the fixed-rate period from date of issuance through December 15, 2021. Interest is payable semi-annually on each June 15 and December 15 through December 15, 2021.

During the floating rate period from December 15, 2021, to but excluding the maturity date or date of earlier redemption, the 8.50% Fixed-to-Floating Notes will bear interest at a rate per annum equal to three-month LIBOR for the related interest period plus 6.685%, payable quarterly on each March 15, June 15, September 15 and December 15. The 8.50% Fixed-to-Floating Notes are subordinated in right of payment to all of the Company's senior indebtedness and effectively subordinated to all existing and future debt and all other liabilities of the Bank. The Company may elect to redeem the 8.50% Fixed-to-Floating Notes (subject to regulatory approval), in whole or in part, on any early redemption date which is any interest payment date on or after December 15, 2021 at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest. Other than on an early redemption date, the 8.50% Fixed-to-Floating Notes cannot be accelerated except in the event of bankruptcy or the occurrence of certain other events of insolvency or reorganization. The 8.50% Fixed-to-Floating Notes were redeemed in whole on December 16, 2021.

On November 8, 2019, the Company issued $75,000 in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes (the "2019 Notes"). The 2019 Notes were issued in a private placement transaction to certain qualified institutional buyers and accredited and were registered under the Securities Act effective February 13, 2020. The 2019 Notes were issued under an indenture for Fixed-to-Floating Rate Subordinated Notes dated November 8, 2019, between Veritex Holdings, Inc., as issuer, and UMB Bank, N.A., as trustee. The Company may elect to redeem the 2019 Notes (subject to regulatory approval), in whole or in part, on any early redemption date which is any interest payment date on or after November 15, 2024 at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest. The 2019 Notes, which qualify as Tier 2 capital under the Federal Reserve's capital guidelines, have an interest rate of 4.75% per annum during the fixed rate period from date of issuance through November 15, 2024. Interest is payable semi-annually on each May 15 and November 15 through November 15, 2024. The interest rate on the notes will vary beginning November 15, 2024, at a floating rate equal to the secured overnight financing rate, as determined quarterly on the determination date for the applicable interest period, plus 347 basis points.

On October 5, 2020, the Company completed the issuance and sale of $125,000 in aggregate principal amount of its 4.125% Fixed-to-Floating Rate Subordinated Debt due in 2030 (the “2020 Notes”). The 2020 Notes will bear interest: (i) from and including the date of issuance to, but excluding, October 15, 2025, at a rate of 4.125% per year and (ii) from and including October 15, 2025 to, but excluding, the maturity date (unless redeemed prior to such date), at a floating rate per year equal to the Benchmark (which is expected to be Three-Month Term Secured Overnight Funding Rate) plus 399.5 basis points. The Company has the right, subject to certain circumstances and the receipt of any required approval of the Federal Reserve Board, to redeem the 2020 Notes at the Company’s option, in whole or in part, on any interest payment date on or after October 15, 2025.The Company intends to use the net proceeds from the offering of 2020 Notes for general corporate purposes, including the potential repayment of outstanding indebtedness, and supporting capital levels of the Bank.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

The provision for income taxes is summarized as follows:


	Year Ended December 31,
	2021		2020		2019
Income tax expense (benefit):
Current	$	32,075	$	23,587	$	16,068
Deferred	4,647		(9,384)		9,053
	$	36,722	$	14,203	$	25,121

The table below reconciles income tax expense for the years ended December 31, 2021, 2020 and 2019 computed by applying the applicable U.S. federal statutory income tax rate, reconciled to the tax expense computed at the effective income tax rate:


	Year Ended December 31,
	2021			2020			2019
Federal income tax expense rate at 21% for December 31, 2021, 2020 and 2019	$	37,024		$	18,498		$	24,330
Bank-owned life insurance	(852)			(407)			(422)
Non-deductible transaction costs	78			—			308
Tax exempt interest income	(545)			(452)			(391)
Impact of IRS Settlement	—			—			(1,556)
Deferred tax true up	24			(1,181)			—

162(m) Disallowance	504			65			1,512
State Taxes	1,039			902			760
Excess benefit on share-based compensation	(838)			(1,435)			205
Net Operating Loss ("NOL") Carryback	—			(1,799)			—
Other	288			12			375
Total income tax expense	$	36,722		$	14,203		$	25,121
Effective tax rate	20.8		%	16.1		%	21.7		%

Deferred income taxes reflect the net tax effects of temporary differences between the recorded amounts of assets and liabilities for financial reporting purposes, and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:


	December 31,
	2021		2020
Deferred tax assets:

ACL	$	18,274	$	24,324
Equity compensation	4,111		3,390
Purchase premium/loan discounts	1,555		2,945
Bonuses	3,036		1,437
Lease liability	3,785		3,276
Deferred fee income	1,967		65
Purchase securities	2,507		2,905
Other	1,317		2,399
Total deferred tax assets	36,552		40,741
Deferred tax liabilities:
Intangibles	10,372		11,911
Bank premises and equipment	5,773		4,036
ROU asset	3,583		3,124
Net unrealized gain on AFS debt securities and derivative instruments	17,030		14,944
Other	1,864		2,063
Total deferred tax liabilities	38,622		36,078
Net deferred tax (liability) asset	$	(2,070)	$	4,663

Included within other assets in the Company's consolidated balance sheet as of December 31, 2021 is a current tax receivable of $9,366 and included within other liabilities is a net deferred tax liability of $2,070. Additionally, included within accounts payable and accrued expenses in the Company's consolidated balance sheets as of December 31, 2021 is a $806 current state tax payable. Included in the Company's consolidated balance sheets as of December 31, 2020 is a current tax receivable of $25,520 and a net deferred tax asset of $4,663 in other assets. Additionally, included within accounts payable and accrued expenses in the Company's consolidated balance sheets as of December 31, 2020 is a $270 current state tax payable.

The following table provides a rollforward of the Company's gross federal and state unrecognized tax benefits for the years ending December 31, 2021, 2020 and 2019. During the year ending December 31, 2020, the Company recorded an uncertain tax position liability for state nexus tax exposure of $549 in accounts payable and other liabilities in the accompanying consolidated balance sheets. During the year ending December 31, 2019, the Company recorded an uncertain tax position associated with the acquisition of Green and subsequently reached a settlement with the taxing authority.


	December 31
	2021		2020		2019
Unrecognized tax benefits at the beginning of the year:	$	549	$	—	$	—
Gross increases, related to tax positions taken in a prior period	—		281		2,155
Gross decreases, related to tax positions taken in a prior period	(101)		—		—
Gross increases, related to tax positions taken in current period	55		268		—
Settlement with taxing authority	—		—		(2,155)
Unrecognized tax benefits at the end of the year	$	503	$	549	$	—

The Company files income tax returns in the U.S. federal jurisdiction and U.S. state jurisdictions. As of December 31, 2021, the Company is no longer subject to U.S. federal income tax examinations for tax years prior to 2018 and state income tax examinations for tax years prior to 2017.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Commitment and Contingencies	12 Months Ended
Commitment and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company may from time to time be involved in legal actions arising from normal business activities. Management believes that these actions in which the Company or any of its subsidiaries is a defendant are without merit or that the ultimate liability, if any, resulting from them will not materially affect the financial position or results of operations of the Company. Refer to Note 12 "Advances from the FHLB", Note 14 "Borrowed Funds" and Note 18 "Off-Balance Sheet Loan Commitments" for further discussion on commitments.

Fair Value Disclosures

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Disclosures

The authoritative guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact.

The authoritative guidance requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, the authoritative guidance establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

Level 1 Inputs. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 Inputs. Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (for example, interest rates, volatilities, prepayment speeds, loss severities, credit risks and default rates) or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 2 investments consist primarily of obligations of U.S. government agencies, corporate bonds, municipal securities, mortgage-backed securities, collateralized mortgage obligations and asset-backed securities.

Level 3 Inputs. Significant unobservable inputs that reflect an entity’s own assumptions that market participants would use in pricing the assets or liabilities.

In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the

use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.

Assets and liabilities measured at fair value on a recurring basis include the following:

AFS Debt Securities: Debt securities classified as AFS are reported at fair value utilizing Level 2 inputs. For those debt securities classified as Level 2, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U. S. Treasury yield curve, live trading levels, trade execution data for similar securities, market consensus prepayments speeds, credit information and the bond’s terms and conditions, among other things.

Equity Security With a Readily Determinable Fair Value: This investment represents our CRA security which is reported at fair value utilizing a Level 1 input which includes a quoted price in an active market for the identical asset.

PPP Loans: The fair value of PPP loans is based on commitments from investors or prevailing market prices.

Loans Held for Sale: The fair value of government guaranteed loans held-for-sale is based on commitments from investors or prevailing market prices.

Derivative Financial Instruments: The fair value of correspondent interest rate swaps, customer interest rate swaps, correspondent interest rate caps and collars and commercial loan interest rate floors are derived from pricing models based on past, present and projected future market conditions, quoted market prices of instruments with similar characteristics or discounted cash flows, classified in Level 2 of the fair value hierarchy.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2021 and 2020, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:


	December 31, 2021
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
Financial Assets:
AFS debt securities	$	—	$	993,058	$	—	$	993,058
Equity securities with a readily determinable fair value	11,038		—		—		11,038
PPP Loans	—		53,369		—		53,369
Loans held for sale (1)	—		9,867		—		9,867
Interest rate swap designated as hedging instruments	—		7,001		—		7,001
Correspondent interest rate swaps not designated as hedging instruments	—		1,527		—		1,527
Customer interest rate swaps not designated as hedging instruments	—		3,261		—		3,261
Customer interest rate caps and collars not designated as hedging instruments	—		1		—		1
Financial Liabilities:
Interest rate swap designated as hedging instruments	$	—	$	1,404	$	—	$	1,404
Correspondent interest rate swaps not designated as hedging instruments	—		3,498		—		3,498
Customer interest rate caps and collars not designated as hedging instruments	—		1,442		—		1,442
Correspondent interest rate caps and collars not designated as hedging instruments	—		1		—		1

(1) Represents loans held for sale elected to be carried at fair value upon origination or acquisition.


	December 31, 2020
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
Financial Assets:
AFS debt securities	$	—	$	1,024,329	$	—	$	1,024,329
Equity securities with a readily determinable fair value	11,363		—		—		11,363
PPP Loans	—		358,042		—		358,042
Loans held for sale (1)	—		6,681		—		6,681
Interest rate swap designated as hedging instruments	—		17,543		—		17,543
Customer interest rate swaps not designated as hedging instruments	—		10,937		—		10,937
Correspondent interest rate caps and collars not designated as hedging instruments	—		1		—		1
Financial Liabilities:
Interest rate swap designated as hedging instruments	$	—	$	2,255	$	—	$	2,255
Correspondent interest rate swaps not designated as hedging instruments	—		11,666		—		11,666
Customer interest rate caps and collars not designated as hedging instruments	—		1		—		1

(1) Represents loans held for sale elected to be carried at fair value upon origination or acquisition.

There were no transfers between Level 2 and Level 3 during the years ended December 31, 2021 and 2020.

Certain assets, including collateral dependent loans with an ACL and servicing asset with a valuation allowance are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment).

Collateral Dependent Loans with an ACL: A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The ACL is measured by estimating the fair value of the loan's underlying collateral. For real estate loans, fair value of the loan’s collateral is determined by third-party appraisals, which are then adjusted for the estimated selling and closing costs related to liquidation of the collateral. Appraisals for collateral dependent loans with an ACL are performed by certified general appraisers whose qualifications and licenses have been reviewed and verified by the Company. Once reviewed, a member of the credit department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparisons to independent data sources such as recent market data or industry wide-statistics. On a periodic basis, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustments, if any, should be made to the appraisal value to arrive at fair value.

Servicing Assets with a Valuation Allowance: The fair value of the servicing asset is estimated using discounted cash flows based on current market interest rates. A valuation allowance is recorded when the fair value is below the carrying amount of the asset.

The following table summarizes assets measured at fair value on a non-recurring basis as of December 31, 2021 and 2020, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:


	Fair Value
	Measurements Using
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
As of December 31, 2021
Assets:
Collateral dependent loans with an ACL	$	—	$	—	$	10,100	$	10,100
Servicing assets with a valuation allowance	—		—		3,223		3,223


As of December 31, 2020
Assets:
Collateral dependent loans with an ACL	$	—	$	—	$	2,386	$	2,386
Servicing assets with a valuation allowance	—		—		2,975		2,975

At December 31, 2021, collateral dependent loans with an ACL had a recorded investment of $17,908, with $7,808 specific allowance for credit loss allocated. At December 31, 2020, collateral dependent loans with an ACL had a recorded investment of $7,115, with $4,729 specific allowance for credit loss allocated.

At December 31, 2021, servicing assets of $3,850 had a valuation allowance totaling $627. At December 31, 2020, servicing assets of $3,531 had a valuation allowance totaling $556.

There were no liabilities measured at fair value on a non-recurring basis as of December 31, 2021 and 2020.

Fair Value of Financial Instruments

The Company is required under current authoritative guidance to disclose the estimated fair value of its financial instrument assets and liabilities, including those subject to the requirements discussed above. For the Company, as for most financial institutions, substantially all of its assets and liabilities are considered financial instruments, as defined in such guidance. Many of the Company’s financial instruments, however, lack an available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction.

The estimated fair value amounts of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret data to develop an estimate of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or valuation methodologies may have a material effect on the estimated fair value amounts. In addition, reasonable comparability between financial institutions may not be likely due to the wide range of permitted valuation techniques and numerous estimates that must be made given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.

The methods and assumptions used by the Company in estimating fair values of financial instruments as disclosed herein in accordance with ASC Topic 825, Financial Instruments, other than for those measured at fair value on a recurring and nonrecurring basis discussed above, are as follows:

Cash and cash equivalents: The carrying amount of cash and cash equivalents approximates their fair value.

HTM debt securities: The fair values of these debt securities is determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs).

LHI: The fair value of LHI, excluding previously presented collateral dependent loans with an ACL measured at fair value on a non-recurring basis, is estimated using a discounted cash flow analysis. The discount rates used to determine fair value use interest rate spreads that reflect factors such as liquidity, credit, and prepayment risk of the loans. Loans are considered a Level 3 financial asset.

Loans held for sale Loans held for sale, including mortgage loans, which are carried at the lower of cost or estimated fair value. The fair value for the mortgage loans approximate their carrying value and these loans are considered Level 2 financial assets.

Accrued interest receivable: The carrying amounts of accrued interest approximate their fair values due to short-term maturity.

Bank-owned life insurance: The carrying amounts of bank-owned life insurance policies approximate their fair value.

Servicing Asset: Fair value is estimated by discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset.

Equity securities without a readily determinable fair value: Certain equity securities are carried at cost as these securities did not have a readily determinable fair value. There were no observable price changes in orderly transactions for the identical or a similar investment of the same issuer as of December 31, 2021 and 2020.

FHLB and FRB stock: FHLB and FRB stock are carried at cost basis due to restrictions placed on the transferability of these investments. As a result, the fair value of these investments was not practicable to determine.

Deposits: The fair values disclosed for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). The carrying amounts of variable-rate certificates of deposit (“CDs”) approximate their fair values at the reporting date. Fair values for fixed-rate CDs are estimated using a discounted cash flow calculation that applies interest rates currently being offered on CDs to a schedule of aggregated expected monthly maturities on time deposits.

Advances from FHLB: The fair value of advances maturing within 90 days approximates carrying value. Fair value of other advances is based on the Company’s current borrowing rate for similar arrangements.

Subordinated debentures and subordinated notes: The fair values are based upon prevailing rates on similar debt in the marketplace.

Securities sold under agreement to repurchase: The carrying amount of securities sold under agreements to repurchase is a reasonable estimate of fair value because these borrowings reprice at market rates generally daily.

Off-balance sheet instruments: Commitments to extend credit and standby letters of credit are generally priced at market at the time of funding and were not material to the Company’s consolidated financial statements.

The estimated fair values and carrying values of all financial instruments not measured at fair value on a recurring or non-recurring basis under current authoritative guidance as of December 31, 2021 and 2020 were as follows:


			Fair Value
	Carrying
	Amount		Level 1		Level 2		Level 3
December 31, 2021
Financial assets:
Cash and cash equivalents	$	379,784	$	—	$	379,784	$	—
Held-to-maturity debt securities	59,436		—		61,446		—
Securities purchased under agreements to resell	102,288		—		102,288		—
Loans held for sale(1)	16,140		—		16,140		—
LHI(2)	7,259,233		—		—		7,283,992
Accrued interest receivable	22,008		—		22,008		—
Bank-owned life insurance	83,194		—		83,194		—
Servicing asset	14,482		—		14,482		—
Equity securities without a readily determinable fair value	4,355		N/A		N/A		N/A
FHLB and FRB stock	71,892		N/A		N/A		N/A
Financial liabilities:
Deposits	$	7,363,615	$	—	$	7,145,175	$	—
Advances from FHLB	777,562		—		796,480		—
Accrued interest payable	1,507		—		1,507		—
Subordinated debentures and subordinated notes	227,764		—		227,764		—
Securities sold under agreement to repurchase	4,069		—		4,026		—

December 31, 2020
Financial assets:
Cash and cash equivalents	$	230,825	$	—	$	230,825	$	—
Held-to-maturity debt securities	30,872		—		34,283		—
Loans held for sale(1)	14,733		—		14,733		—
LHI(2)	6,317,986		—		—		6,335,402
Accrued interest receivable	23,798		—		23,798		—
Bank-owned life insurance	82,855		—		82,855		—
Servicing asset	388		—		486		—
Equity securities without readily determinable fair value	3,575		N/A		N/A		N/A
FHLB and FRB stock	71,236		N/A		N/A		N/A

Financial liabilities:
Deposits	$	6,512,846	$	—	$	6,608,849	$	—
Advances from FHLB	77,718		—		782,321		—
Accrued interest payable	2,665		—		2,665		—
Subordinated debentures and subordinated notes	262,778		—		262,778		—
Securities sold under agreement to repurchase	2,225		—		2,199		—

(1) Loans held for sale primarily represent commercial loans moved to held for sale or mortgage loans held for sale that are carried at lower of cost or market.

(2) LHI includes MW and is carried at amortized cost.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Off-Balance Sheet Loan Commitments

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Off-Balance Sheet Loan Commitments

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, MW commitments and standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets.

The Company’s exposure to credit loss in the event of nonperformance by the other party to a financial instrument for commitments to extend credit, MW commitments and standby and commercial letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.

The following table sets forth the approximate amounts of these financial instruments as of December 31, 2021 and 2020:


	December 31,
	2021		2020
Commitments to extend credit	$	3,809,509	$	2,743,571
MW commitments	716,370		354,603
Standby and commercial letters of credit	65,881		44,427
	$	4,591,760	$	3,142,601

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Management evaluates each customer’s creditworthiness on a case-by-case basis and substantially all of the Company’s commitments to extend credit are contingent upon customers maintaining specific credit standards at the time of future loan funding. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management’s credit evaluation of the borrower.

MW commitments are unconditionally cancellable and represent the unused capacity on MW facilities the Company has approved. The Company reserves the right to refuse to buy any mortgage loans offered for sale by a customer, for any reason, at the Company’s sole and absolute discretion.

Standby and commercial letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby and commercial letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company’s policy for obtaining collateral and the nature of such collateral is essentially the same as that involved in making commitments to extend credit.

The table below presents the activity in the allowance for unfunded commitment credit losses related to those financial instruments discussed above. This allowance is recorded in accounts payable and other liabilities on the Consolidated Balance Sheets:


	December 31,
	2021		2020
Beginning balance for ACL on unfunded commitments	$	10,747	$	878
Impact of CECL adoption	—		840
(Benefit) provision for credit losses on unfunded commitments	(1,481)		9,029
Ending balance of ACL on unfunded commitments	$	9,266	$	10,747

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The Company primarily uses derivatives to manage exposure to market risk, including interest rate risk and credit risk and to assist customers with their risk management objectives. Management will designate certain derivatives as hedging instruments in a qualifying hedge accounting relationship. The Company’s remaining derivatives consist of derivatives held for customer accommodation or other purposes.

The fair value of derivative positions outstanding is included in other assets and accounts payable and other liabilities on the Company's consolidated balance sheets and in the net change in each of these financial statement line items in the Company's consolidated statements of cash flows. For derivatives not designated as hedging instruments, swap fee income and gains and losses due to changes in fair value are included in noninterest income and the operating section of the Company's consolidated statement of cash flows. For derivatives designated as hedging instruments, the entire change in the fair value related to the derivative instrument is recognized as a component of other comprehensive income and subsequently reclassified into interest income when the forecasted transaction affects income. The notional amounts and estimated fair values as of December 31, 2021 and December 31, 2020 were as shown in the table below.


	December 31, 2021						December 31, 2020
			Estimated Fair Value						Estimated Fair Value
	Notional Amount		Asset Derivative		Liability Derivative		Notional Amount		Asset Derivative		Liability Derivative
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on borrowing advances	$	—	$	—	$	—	$	500,000	$	17,543	$	—
Interest rate swap on money market deposit account payments	250,000		4,541		—		250,000		—		2,255
Interest rate swap on customer loan interest payments	125,000		—		867		—		—		—
Interest rate swap on customer loan interest payments	125,000		—		537		—		—		—
Interest rate swap on customer loan interest payments	125,000		2,460		—		—		—		—
Total derivatives designated as hedging instruments	$	625,000	$	7,001	$	1,404	$	750,000	$	17,543	$	2,255

Derivatives not designated as hedging instruments:
Financial institution counterparty:
Interest rate swaps	$	379,787	$	1,527	$	3,498	$	303,918	$	—	$	11,666
Interest rate caps and collars	41,916		—		1		41,916		1		—
Commercial customer counterparty:
Interest rate swaps	379,787		3,261		1,442		303,918		10,937		—
Interest rate caps and collars	41,916		1		—		41,916		—		1
Total derivatives not designated as hedging instruments	$	843,406	$	4,789	$	4,941	$	691,668	$	10,938	$	11,667
Offsetting derivative assets/liabilities			(2,609)		(2,609)				1		1
Total derivatives	$	1,468,406	$	9,181	$	3,736	$	1,441,668	$	28,482	$	13,923

Pre-tax gain (loss) included in the Company's consolidated statements of income and related to derivative instruments for the years ended December 31, 2021 and 2020 was as follows:


	For the Year Ended December 31, 2021						For the Year Ended December 31, 2020
	Net gain (loss) recognized in other comprehensive income on derivative		Gain (loss) reclassified from accumulated other comprehensive income into income		Location of gain (loss) reclassified from accumulated other comprehensive income into income		Net gain (loss) recognized in other comprehensive income on derivative		Gain (loss) reclassified from accumulated other comprehensive income into income		Location of gain (loss) reclassified from accumulated other comprehensive income into income
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on borrowing advances	$	26,357	$	—	Interest Expense		$	13,859	$	—	Interest Expense
Interest rate swap on money market deposit account payments	6,995		(803)		Interest Expense		(1,781)		(605)		Interest Expense
Commercial loan interest rate floor	—		866		Interest Income		(813)		1,937		Interest Income
Interest rate swap on customer loan interest payments	(14)		3,714		Interest Income		—		—
Total	$	33,338	$	3,777			$	11,265	$	1,332


					Net Gain recognized in other noninterest income						Loss recognized in other noninterest income
Derivatives not designated as hedging instruments:
Interest rate swaps, caps and collars					$	1,913					$	2,481

Cash Flow Hedges

In March 2020, the Company entered into an interest rate swap for a notional amount of $500,000 to hedge the variability of cash flow payments attributable to changes in interest rates in regards to forecasted issuances of three-month term debt arrangements every three months from March 2022 through March 2032. These forecasted borrowings can be sourced from an FHLB advance, repurchase agreement, brokered certificate of deposit or some combination of the foregoing.

In March 2020, the Company entered into an interest rate swap for a notional amount of $250,000 to hedge the variability of cash flow payments attributable to changes in interest rates in regards to forecasted money market account borrowings from March 2020 through March 2025.

Interest Rate Swap, Floor, Cap and Collar Agreements Not Designated as Hedging Derivatives

In order to accommodate the borrowing needs of certain commercial customers, the Company has entered into interest rate swap or cap agreements with those customers. These interest rate derivative contracts effectively allow the Company’s customers to convert a variable rate loan into a fixed rate loan. In order to offset the exposure and manage interest rate risk, at the time an agreement was entered into with a customer, the Company entered into an interest rate swap or cap with a correspondent bank counterparty with offsetting terms. These derivative instruments are not designated as accounting hedges and changes in the net fair value are recognized in noninterest income or expense. Because the Company acts as an intermediary for its customers, changes in the fair value of the underlying derivative contracts substantially offset each other and do not have a material impact on the Company’s results of operations. The fair value amounts are included in other assets and other liabilities.

The following is a summary of the interest rate swaps outstanding as of December 31, 2021 and December 31, 2020.


	December 31, 2021
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
Non-hedging derivative instruments:
Customer interest rate derivative:
Interest rate swaps - receive fixed/pay floating	$	379,787	2.970% - 8.470%	LIBOR 1 month + 2.200% - 5.000% SOFR CME 1 month + 2.480%- 2.900% SOFR - NYFD 30 day average + 2.500% - 2.964%	Wtd. Avg. 4.8 years	$	1,820
Interest rate caps and collars	$	41,916	3.000% / 5.000%	LIBOR 1 month + 0.00% - 2.5%	Wtd. Avg. 0.6 years	$	1

Correspondent interest rate derivative:
Interest rate swaps - pay fixed/receive floating	$	379,787	2.970 - 8.470%	LIBOR 1 month + 2.200% - 5.000% SOFR CME 1 month + 2.480%- 2.900% SOFR - NYFD 30 day average + 2.500% - 2.964%	Wtd. Avg. 4.8 years	$	(1,972)
Interest rate caps and collars	$	41,916	2.500% / 3.000%	LIBOR 1 month + 0.00%	Wtd. Avg. 0.6 years	$	(1)


	December 31, 2020
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
Non-hedging derivative instruments:
Customer interest rate derivative:
Interest rate swaps - receive fixed/pay floating	$	303,918	3.14% - 8.470%	LIBOR 1 month + 0.00% - 5.00% PRIME H15 - 25	Wtd. Avg. 4.1 years	$	(11,666)
Interest rate caps and collars	$	41,916	2.500% / 3.000%	LIBOR 1 month + 0.00%	Wtd. Avg. 1.6 years	$	1

Correspondent interest rate derivative:
Interest rate swaps - pay fixed/receive floating	$	303,918	3.14% - 8.470%	LIBOR 1 month + 0.00% - 5.00% PRIME H15 - 25	Wtd. Avg. 4.1 years	$	10,937
Interest rate caps and collars	$	41,916	3.000% / 5.800%	LIBOR 1 month + 0.00% - 2.5%	Wtd. Avg. 1.6 years	$	(1)

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits Defined Contribution Plan The Company maintains a retirement savings 401(k) profit sharing plan (the “Plan”) in which substantially all employees may participate. The Plan allows employees to make discretionary “before tax” contributions through salary reductions under section 401(k) of the Internal Revenue Code. The Company may make a discretionary match of employees’ contributions based on a percentage of salary deferrals and certain discretionary profit sharing contributions. For the year ended December 31, 2021 and 2020, the company made matching contributions of $3,755 and $3,210, respectively. Employee Stock Ownership Plan ("ESOP") Effective January 1, 2012, the Company adopted the ESOP, which covered substantially all employees (subject to certain exclusions). The Company ceased making new contributions to the ESOP effective January 1, 2019 and approved an amendment to terminate the ESOP effective on June 30, 2019. During the year ended December 31, 2021, the Company received an IRS determination letter approving a liquidation of the ESOP and liquidated the ESOP assets during 2021.

Stock and Incentive Plans

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock and Incentive Plans

2010 Stock Option and Equity Incentive Plan

In 2010, the Company adopted the 2010 Stock Option and Equity Incentive Plan (the “2010 Incentive Plan”), which the Company’s shareholders approved in 2011. The maximum number of shares of common stock that may be issued pursuant to grants or options under the 2010 Incentive Plan is 1,000,000. The 2010 Incentive Plan is administered by the Board and provides for both the direct award of stock and the grant of stock options to eligible directors, officers, employees and outside consultants of the Company or its affiliates as defined in the 2010 Incentive Plan. The Company may grant either incentive stock options or nonqualified stock options as directed in the 2010 Incentive Plan.

The Board authorized grants of equity awards under the 2010 Incentive Plan consisting of 100,000 shares of direct stock awards (restricted shares) and 900,000 shares of stock options, of which 500,000 shares are or were performance-based stock options. Options were generally granted with an exercise price equal to the market price of the Company’s stock as of the date of the grant. In general, the terms of awards varied depending on whether a participant was a shareholder owning more than 10% of the total combined voting power of all classes of Company stock (a “controlling participant”). Options granted to non-controlling participants generally vested after 5 years of continuous service, with 10-year contractual terms, and forfeiture of unexercised options upon termination of employment with the Company. Other grant terms varied for controlling participants. Restricted share awards generally vested after 4 years of continuous service. The terms of the 2010 Incentive Plan provide that all unearned non-performance options and restricted shares become immediately exercisable and fully vested upon a change in control.

During the years ending December 31, 2021, 2020 and 2019, the Company did not award any restricted stock units, non-performance based stock options or performance-based stock options or other awards under the 2010 Incentive Plan.

Stock based compensation expense is measured based upon the fair market value of the award at the grant date and is recognized ratably over the period during which the shares are earned (the requisite service period). For the years ended December 31, 2021 and 2020, there was no stock compensation expense related to the 2010 Incentive Plan. For the year ended December 31, 2019, approximately $3 of stock compensation expense related to the 2010 Incentive Plan, respectively, was recognized in the accompanying consolidated statements of income.

A summary of the status of options granted under the 2010 Incentive Plan at December 31, 2021, 2020 and 2019 and changes during the years then ended is presented below:


	2010 Incentive Plan
	Nonperformance-based stock options
	Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2018	275,000	$	10.12	2.39 years



Exercised	(17,500)	10.24
Outstanding at December 31, 2019	257,500	$	10.28	1.37 years



Exercised	(237,500)	10.12
Outstanding at December 31, 2020	20,000	$	10.09	1.06 years



Exercised	(19,000)	10.00
Outstanding and exercisable at December 31, 2021	1,000	$	10.43	1.07 years	$	147

As of December 31, 2021, 2020, and 2019 there was no unrecognized stock compensation expense related to non-performance based stock options.

A summary of the fair value of the Company’s stock options exercised vested under the 2010 Incentive Plan as of December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised or Restricted Stock Units Vested as of December 31,
	2021		2020		2019
Nonperformance-based stock options exercised	$	568	$	6,579	$	454

2019 Amended Plan and Green Acquired Omnibus Plans

2021 Grants of Restricted Stock Units

In the year ended December 31, 2021, the Company granted RSUs and performance-based RSUs ("PSUs") under the 2019 Amended and Restated Omnibus Incentive Plan, which amended and restated the 2014 Omnibus Incentive Plan (“2019 Amended Plan”), and the Veritex (Green) 2014 Omnibus Equity Incentive Plan (“Veritex (Green) 2014 Plan”). The majority of the RSUs granted to employees during the year ended December 31, 2021 with annual graded vesting over a three year period from the grant date.

The PSUs granted in February 2021 are subject to service, performance and market conditions. The performance and market condition determine the number of awards to vest. The service period is from February 1, 2021 to January 31, 2024, the performance condition performance period is from January 1, 2021 to December 31, 2023, and the market condition performance period is from February 1, 2021 to January 31, 2024. A Monte Carlo simulation was used to estimate the fair value of PSUs on the grant date.

Stock Compensation Expense

Stock compensation expense of options, RSUs and PSUs granted under the 2019 Amended Plan and the Veritex (Green) 2014 Plan was as follows:


	Year ended December 31,
	2021		2020
2019 Amended Plan	$	8,614	$	6,080
Veritex (Green) 2014 Plan	1,959		1,903

2019 Amended Plan

A summary of the status of the Company’s stock options under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the years then ended, is as follows:


	2019 Amended Plan
	Nonperformance-based stock options
	Equity Awards						Liability Awards
	Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value		Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2018	449,520	$	24.47	8.24 years			—	$	—	—
Granted	200,561	22.72					253,633	21.38
Conversion to equity awards	253,633	21.38					(253,633)	21.38
Forfeited	(41,336)	25.51					—	—

Exercised	(12,610)	15.42					—	—
Outstanding at December 31, 2019	849,768	$	23.61	8.24 years			—	$	—	—
Granted	185,025	26.73					—	—

Forfeited	(25,053)	27.37					—	—

Exercised	(33,939)	19.10					—	—
Outstanding at December 31, 2020	975,801	$	24.26	7.45 years			—	$	—	—
Granted	500	36.54					—	—

Forfeited	(13,996)	25.93					—	—

Exercised	(252,262)	23.87					—	—
Outstanding at December 31, 2021	710,043	$	24.38	6.91 years	$	10,935	—	$	—	—	$	—
Options exercisable at December 31, 2021	403,726	$	24.50	6.38 years	$	6,171	—	$	—	—	$	—
Weighted average fair value of options granted during the period		$	36.54					$	—

As of December 31, 2021, 2020 and 2019 there was $803, $2,470 and $2,948 of total unrecognized compensation expense related to stock options awarded under the 2019 Amended Plan, respectively. The unrecognized compensation expense at December 31, 2021 is expected to be recognized over the remaining weighted average requisite service period of 0.62 years.

A summary of the status of the Company’s RSUs under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the year then ended is as follows:


	2019 Amended Plan
	RSUs
	Equity Awards			Liability Awards
	Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2018	133,455	$	19.67	—	$	—
Granted	127,459	22.44		165,739	21.38
Conversion to equity awards	165,739	21.38		(165,739)	21.38
Vested into shares	(250,965)	22.29		—	—

Outstanding at December 31, 2019	175,688	$	21.65	—	$	—
Granted	360,400	20.38		—	—

Vested into shares	(93,377)	24.73		—	—
Forfeited	(1,579)	29.13		—	—
Outstanding at December 31, 2020	441,132	$	20.39	—	$	—
Granted	281,149	28.68		—	—

Vested into shares	(108,732)	24.19		—	—
Forfeited	(15,498)	28.47		—	—
Outstanding at December 31, 2021	598,051	$	23.39	—	$	—

A summary of the status of the Company’s PSUs under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the years then ended is as follows:


	2019 Amended Plan
	PSUs
	Equity Awards			Liability Awards
	Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2018	63,988	$	21.28	—	$	—
Granted	38,746	22.53		32,249	21.38
Conversion to equity awards	32,249	21.38		(32,249)	21.38
Vested into shares	(51,284)	25.31		—	—
Forfeited	(19,972)	21.38		—	—
Outstanding at December 31, 2019	63,727	$	22.76	—	$	—
Granted	39,398	25.94		—	—

Vested into shares	(1,841)	19.69		—	—
Forfeited	(1,089)	19.69		—	—
Outstanding at December 31, 2020	100,195	$	23.20	—	$	—
Granted	56,276	25.94		—	—



Outstanding at December 31, 2021	156,471	$	24.17	—	$	—

As of December 31, 2021, 2020, and 2019 there was $10,413, $8,222 and $4,329 of total unrecognized compensation expense related to RSUs and PSUs awarded under the 2019 Amended Plan, respectively. The unrecognized compensation expense at December 31, 2021 is expected to be recognized over the remaining weighted average requisite service period of 1.81 years.

A summary of the fair value of the Company’s stock options exercised and restricted stock units vested under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised, RSUs and PSUs Vested as of December 31,
	2021		2020		2019
Nonperformance-based stock options exercised	$	9,214	$	954	$	334
RSUs vested	2,781		2,529		6,113
PSUs vested	—		36		1,089

Veritex (Green) 2014 Plan

A summary of the status of the Company’s stock options under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 changes during the years then ended is as follows:


	Veritex (Green) 2014 Plan
	Non-performance Based Stock Options
	Shares Underlying Options	Weighted Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2019	—	$	—
Converted in acquisition of Green	304,778	15.41
Granted	211,793	21.38
Forfeited	(12,673)	13.17

Exercised	(116,929)	13.60
Outstanding at December 31, 2019	386,969	$	19.30
Granted	31,075	29.13
Forfeited	(30,711)	20.92
Exercised	(35,333)	19.42
Outstanding at December 31, 2020	352,000	$	19.99

Forfeited	(7,245)	21.38
Exercised	(126,951)	20.55
Outstanding at December 31, 2021	217,804	$	19.62	6.13 years	$4,424
Options exercisable at December 31, 2021	149,602	$	17.73	5.58 years	$3,299

As of December 31, 2021, 2020 and 2019 there was $100, $626 and $1,062, respectively, of total unrecognized compensation expense related to options awarded under the Veritex (Green) 2014 Plan. The unrecognized compensation expense at December 31, 2021 is expected to be recognized over the remaining weighted average requisite service period of 0.16 years.

A summary of the status of the Company’s RSUs under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Veritex (Green) 2014 Plan
	RSUs
	Units	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	—	$	—
Granted	116,250	21.38


Outstanding at December 31, 2019	116,250	$	21.38
Granted	93,918	21.36
Vested into shares	(38,744)	21.38
Forfeited	(15,237)	23.62
Outstanding at December 31, 2020	156,187	$	22.64
Granted	5,692	26.12
Vested into shares	(33,335)	21.38
Forfeited	(5,760)	25.21
Outstanding at December 31, 2021	122,784	$	21.13

A summary of the status of the Company’s PSUs under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Veritex (Green) 2014 Plan
	PSUs
	Units	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	—	$	—
Granted	26,145	21.38

Forfeited	(825)	21.38
Outstanding at December 31, 2019	25,320	$	21.38
Granted	8,531	25.94

Forfeited	(3,123)	19.69
Outstanding at December 31, 2020	30,728	$	21.43
Granted	6,231	25.94

Forfeited	(1,060)	19.69
Outstanding at December 31, 2021	35,899	$	22.26

As of December 31, 2021, 2020 and 2019, there was $1,252, $2,484 and $1,991, respectively, of total unrecognized compensation related to outstanding RSUs and PSUs awarded under the Veritex (Green) 2014 Plan to be recognized over a remaining weighted average requisite service period of 1.17 years.

A summary of the fair value of the Company’s stock options exercised and RSUs vested under the Veritex (Green) 2014 Plan during the year ended December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised or Restricted Stock Units Vested in the year ended December 31,
	2021		2020		2019
Non-performance-based stock options exercised	$	4,599	$	1,021	$	3,054
RSUs vested	713		828		—

Green 2010 Plan

In addition to the Veritex (Green) 2014 Plan discussed earlier in this Note, the Company assumed the Green Bancorp Inc. 2010 Stock Option Plan (“Green 2010 Plan”).

A summary of the status of the Company’s stock options under the Green 2010 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Green 2010 Plan
	Non-performance Based Stock Options
	Shares Underlying Options	Weighted Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2019	—	$	—
Converted in acquisition of Green	768,628	10.73
Forfeited	(6,241)	13.69
Exercised	(190,652)	10.93
Outstanding at December 31, 2019	571,735	$	10.64



Exercised	(440,652)	10.35
Outstanding at December 31, 2020	131,083	$	11.60

Forfeited	(2,198)	13.69
Exercised	(62,742)	10.51
Outstanding and exercisable at December 31, 2021	66,143	$	12.56	2.17 years	$1,800

A summary of the fair value of the Company’s stock options exercised under the Green 2010 Plan during the year ended December 31, 2021, 2020, and 2019 is presented below:


	Fair Value of Options Exercised in the year ended December 31,
	2021		2020		2019
Non-performance-based stock options exercised	$	1,838	$	12,231	$	5,554

Significant Concentrations of Credit Risk	12 Months Ended
Significant Concentrations of Credit Risk	Dec. 31, 2021
Risks and Uncertainties [Abstract]
Significant Concentrations of Credit Risk	Significant Concentrations of Credit Risk Most of the Company’s business activity is with customers located within the Dallas-Fort Worth metroplex and Houston metropolitan area. Such customers are normally also depositors of the Company. The distribution of commitments to extend credit approximates the distribution of loans outstanding. The Company has a diversified loan portfolio, however a significant portion of the Company's loans are collateralized by real estate. Repayment of these loans is in part dependent upon the economic conditions in the market area. The contractual amounts of credit related financial instruments such as commitments to extend credit, MW commitments, credit card arrangements, and letters of credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In the ordinary course of business, the Company has and expects to continue to have transactions, including borrowings, with its employees, officers, directors and their affiliates. These loans are on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability. The aggregate amounts of such loans were approximately $12,651 and $34,944 as of December 31, 2021 and 2020, respectively. During the year ended December 31, 2021, new advances of approximately $6,185 were made to related parties with approximately $16,976 principal payments received and approximately $11,502 of loans no longer related party transactions. During the year ended December 31, 2020, new advances of approximately $12,477 were made to related parties with approximately $19,991 principal payments received. There were $4,028 and $13,191 in unfunded commitments to related parties as of December 31, 2021 and 2020, respectively. At December 31, 2021, there were no loans to employees, officers, directors or their affiliates that were considered non-performing or potentially problem loans. Deposits received from related parties as of December 31, 2021 and 2020 totaled approximately $303,190 and $506,068, respectively.

Capital Requirements and Restrictions on Retained Earnings

12 Months Ended

Dec. 31, 2021

Regulatory Capital Requirements under Banking Regulations [Abstract]

Capital Requirements and Restrictions on Retained Earnings

Under applicable U.S. banking laws, there are legal restrictions limiting the amount of dividends the Company can declare. Approval of the regulatory authorities is required if, among other things, the effect of the dividends declared would cause regulatory capital of the Company to fall below specified minimum levels.

The Company on a consolidated basis and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements triggers certain mandatory actions and may lead to additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action (“PCA”), the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and PCA classification are also subject to qualitative judgments by the regulators about components of capital, risk weightings of assets, and other factors. In addition, an institution may be downgraded to, or deemed to be in, a capital category that is lower than indicated by its capital ratios, if it is determined to be in an unsafe or unsound condition or if it receives an unsatisfactory examination rating with respect to certain matters.

Under the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 and implementing regulations of the federal banking agencies, certain banking organizations with less than $10 billion in total consolidated assets may elect to satisfy a single Community Bank Leverage Ratio (“CBLR”) of Tier 1 capital to average total consolidated assets in lieu of the generally applicable capital requirements of the capital rules implementing Basel III. Banks meeting all of the requirements under this framework are not required to report or calculate risk-based capital, and will be considered to have met the well-capitalized ratio requirements under PCA regulations. The Bank was eligible and elected to use the CBLR framework as of December 31, 2020; however, the Bank was no longer eligible to use the CBLR framework beginning as of June 30, 2021.

As a result of our no longer using the CBLR framework, we are subject to various quantitative measures established by regulation to ensure capital adequacy. These generally applicable capital requirements require a banking organization that does not operate under the CBLR framework to maintain minimum amounts and ratios (set forth in the table below) of total capital, Tier 1 capital, and common equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. The capital rules implementing Basel III also include a “capital conservation buffer” of 2.5% on top of each of the minimum risk-based capital ratios, and a banking organization with any risk-based capital ratio that meets or exceeds the minimum requirement but does not meet the capital conservation buffer will face constraints on dividends, equity repurchases and discretionary bonus payments based on the amount of the shortfall. Additionally, to be categorized as “well capitalized,” a bank that does not operate under the CBLR framework is required to maintain minimum total risk-based common equity Tier 1, Tier 1, and total capital ratios and Tier 1 leverage ratios as set forth in the table below.

As of December 31, 2021 and December 31, 2020, the Company’s and the Bank’s capital ratios exceeded those levels necessary to be categorized as “well capitalized.” There are no conditions or events since December 31, 2021 that management believes have changed the Company’s category.

In the first quarter of 2020, U.S. federal regulatory authorities issued an interim final rule that provides banking organizations that adopt CECL during the 2020 calendar year with the option to delay for two years the estimated impact of CECL on regulatory capital relative to regulatory capital determined under the prior incurred loss methodology, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay (i.e., a five-year transition in total). In connection with our adoption of CECL on January 1, 2020, the Company elected to utilize the five-year CECL transition. As a result, the effects of CECL on the Company's and the Bank’s regulatory capital will be delayed through the year 2021, after which the effects will be phased-in over a three-year period from January 1, 2022 through December 31, 2024.

A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios is presented in the following table:


	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2021
Total capital (to risk-weighted assets "RWA")
Company	$	1,100,404	11.60	%	$	758,899	8.0	%	n/a		n/a
Bank	1,053,871		11.11		758,863		8.0		$	948,579	10.0	%
Tier 1 capital (to RWA)
Company	843,585		8.89		569,349		6.0		n/a		n/a
Bank	994,351		10.48		569,285		6.0		759,047		8.0
Common equity tier 1 (to RWA)
Company	814,138		8.58		426,995		4.5		n/a		n/a
Bank	994,351		10.48		426,964		4.5		616,725		6.5
Tier 1 capital (to average assets)
Company	843,585		9.05		372,855		4.0		n/a		n/a
Bank	994,351		10.69		372,068		4.0		465,085		5.0
As of December 31, 2020
Total capital (to RWA)
Company	$	1,099,031	13.57	%	$	647,918	8.0	%	n/a		n/a
Bank	968,481		11.96		647,813		8.0		$	809,767	10.0	%
Tier 1 capital (to RWA)
Company	782,487		9.66		486,017		6.0		n/a		n/a
Bank	884,471		10.92		485,973		6.0		647,964		8.0
Common equity tier 1 (to RWA)
Company	753,261		9.30		364,481		4.5		n/a		n/a
Bank	884,471		10.92		364,480		4.5		526,471		6.5
Tier 1 capital (to average assets)
Company	782,487		9.43		331,914		4.0		n/a		n/a
Bank	884,471		10.66		331,884		4.0		414,855		5.0

Dividend Restrictions

Dividends paid by the Bank are subject to certain restrictions imposed by regulatory agencies. Capital requirements further limit the amount of dividends that may be paid by the Bank. Dividends of $8,440 and $65,000 were paid by the Bank to the Holdco during the years ended December 31, 2021 and 2020, respectively.

Dividends of $36,543, or $0.20 per outstanding share on the applicable record date, were paid by the Company during the year ended December 31, 2021. Dividends of $34,057, or $0.17 per outstanding share on the applicable record date, were paid by the Company during the year ended December 31, 2020.

The Bank is subject to limitations on dividend payouts if, among other things, it does not have a capital conservation buffer of 2.5% or more. The Bank had a capital conservation buffer of 3.11% as of December 31, 2021.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Business Combinations

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Business Combinations

North Avenue Capital, LLC ("NAC")

On November 1, 2021, the Company completed its acquisition of NAC. Under this method of accounting, assets acquired and liabilities assumed are recorded at their estimated fair values. The excess cost over fair value of net assets acquired is recorded as goodwill. As the consideration paid for NAC exceeded the provisional value of the net assets acquired, goodwill of $32,931 related to the acquisition was recorded. This goodwill resulted from the combination of expected operational synergies and increased market share in the fragmented USDA lending space. The goodwill will be deducted for tax purposes.

The acquisition makes the Bank a leading player in the USDA Business and Industry lending program. It furthered the Company’s strategy of diversifying revenue streams and providing meaningful gain on sale and loan servicing fees. The Company will leverage NAC’s loan sourcing technology to further enhance the Company’s products and services.

Consideration

Under the terms of the definitive agreement for the acquisition, the Bank paid $57,500 in cash to existing shareholders of NAC. Three years after the transaction, NAC has the right, subject to adjustment, to receive an additional $5,000 in cash subject to certain performance measures. NAC will continue to operate under its current name and brand and in its current office space, as a wholly owned subsidiary of the Bank.

Fair Value

The measurement period for the Company to determine the fair values of acquired identifiable assets and assumed liabilities will end at the earlier of (i) 12 months from the date of the acquisition or (ii) as soon as the Company receives the information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtainable. Provisional estimates for LHI, intangible assets and contingent consideration have been recorded for the acquisition as independent valuations have not been finalized. The Company does not expect any significant differences from estimated values upon completion of the valuations. Estimated fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:


	Estimate at November 1, 2021
Assets acquired
Cash and cash equivalents	$	1,978
LHI	29,338
Servicing asset	13,913
Other assets	690
	45,919

Liabilities assumed
Accounts payable and other accrued expenses	16,350
	16,350

Fair value of net assets acquired	29,569
Consideration:
Cash paid	57,500
Contingent consideration	5,000
Total consideration	$	62,500
Goodwill	$	32,931

Acquisition-related Expenses

For the year ended December 31, 2021, the Company incurred $826 of pre-tax merger and acquisition expenses.

Acquired Loans and PCD Loans

Acquired loans were recorded at fair value based on a discounted cash flow valuation methodology that considers, among other things, projected default rates, loss given defaults and recovery rates. No ACL was carried over from NAC. The Bank did not identify any acquired PCD loans.

The following table discloses the fair value and contractual value of loans acquired from NAC on November 1, 2021:


	Total acquired loans
Commercial	$	27,174
Commercial Real Estate	2,164
Total contractual principal and fair value	$	29,338

Supplemental Pro Forma Information (unaudited)

The following table presents supplemental pro forma information for the years ended December 31, 2020 and 2019 as if the NAC acquisition was completed as of January 1, 2019. The pro forma results combine the historical results of NAC into the Company's condensed consolidated statements of income, including the impact of certain purchase accounting adjustments, including loan discount accretion. The pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2019:


	Year Ended December 31,
	2020		2019
Net interest income	$	267,331	$	286,313
Net income	84,368		93,939

Basic EPS	$	1.69	$	1.77
Diluted EPS	1.69		1.74

Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Parent Company Only Financial Statements

The following condensed balance sheets, statements of income and statements of cash flows for Veritex Holdings, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto.

Balance Sheet


	December 31,
	2021		2020
Assets
Cash and cash equivalents	$	44,507	$	129,969
Investment in subsidiaries	1,496,310		1,335,603
Other assets	3,736		4,638
Total assets	$	1,544,553	$	1,470,210
Liabilities and Stockholders’ Equity
Other liabilities	$	1,710	$	4,056
Other borrowings	227,764		262,778
Total liabilities	229,474		266,834
Stockholders’ equity

Common stock	$	560	$	555
Additional paid-in capital	1,142,758		1,126,437
Retained earnings	275,273		172,232

Accumulated other comprehensive income	64,070		56,225
Treasury stock	(167,582)		(152,073)
Total stockholders’ equity	1,315,079		1,203,376
Total liabilities and stockholders’ equity	$	1,544,553	$	1,470,210

Statements of Income


	Year Ended December 31,
	2021		2020		2019
Cash dividends from subsidiary	$	8,440	$	65,000	$	56,750
Excess of earnings over dividend from subsidiary	142,289		16,693		43,199
Other	43		53		50
	150,772		81,746		99,999
Interest on borrowings	12,426		8,529		4,672
Salaries and employee benefits	668		612		790
Merger and acquisition expense	—		—		4,942
Other	1,057		798		797
	14,151		9,939		11,201
Earnings before income tax benefit	136,621		71,807		88,798
Income tax benefit	(2,963)		(2,076)		(1,941)
Net income	$	139,584	$	73,883	$	90,739

Statements of Cash Flows


	Year Ended December 31,
	2021		2020		2019
Cash flows from operating activities:
Net income	$	139,584	$	73,883	$	90,739
Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Amortization of debt discount and debt issuance costs, net	817		1,263		2,353
Equity in undistributed net income of Bank	(142,289)		(16,693)		(43,199)
Decrease (increase) in other assets	902		(1,853)		(1,861)
(Increase) decrease in other liabilities	(3,177)		726		(5,024)
Net cash (used in) provided by operating activities	(4,163)		57,326		43,008
Cash flows from investing activities:


Net cash received in acquisition	—		—		5,818

Net cash provided by investing activities	—		—		5,818
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net of debt issuance costs paid	—		123,026		75,000

Proceeds from exercise of stock warrants	165		109		—
Redemption of subordinated debt	(35,000)		(5,000)		—
Proceeds from exercise of employee stock options	6,313		4,301		3,938
Payments to tax authorities for stock-based compensation	(725)		(3,829)		(1,346)


Repurchase of treasury stock	(15,509)		(57,470)		(94,533)
Dividends paid	(36,543)		(34,057)		(26,796)

Net cash (used in) provided by financing activities	(81,299)		27,080		(43,737)
Net (increase) decrease in cash and cash equivalents	(85,462)		84,406		5,089
Cash and cash equivalents at beginning of year	129,969		45,563		40,474
Cash and cash equivalents at end of year	$	44,507	$	129,969	$	45,563

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Accounting Standards Codification

Segment Reporting

Reclassifications

Reclassifications Certain items in the Company's prior year financial statements were reclassified to conform to the current presentation including the reclassification on the consolidated statements of income from rental income to other income of $2,179 and $2,172 during the years ended December 31, 2020 and 2019, respectively.

Use of Estimates

Cash and Cash Equivalents and Restrictions on Cash

Cash and Cash Equivalents

Cash and cash equivalents include amounts due from banks, interest-bearing deposits in other banks and federal funds sold.

Restrictions on Cash

Debt Securities

Equity Securities

Equity SecuritiesEquity securities are recorded at fair value, with unrealized gains and losses included in other noninterest income. The Company measures equity securities that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Dividends on equity securities are recorded in interest income for equity securities and other investments. Realized gains and losses are recorded on the sale of equity securities in gain (loss) on sales of securities.

ACL - AFS and HTM Debt Securities

ACL – AFS Debt Securities

ACL – HTM Debt Securities

FHLB and FRB Stock

Loans Held for Sale

Fair Value Option

Gain on Sale of Loans

Gain on Sale of Guaranteed Portion of Small Business Administration ("SBA") and United States Department of Agriculture ("USDA") Loans

Gain on Sale of Mortgage Loans Held for Sale

Adoption of New Accounting Standard and Recent Accounting Pronouncements

Adoption of New Accounting Standard

The following table illustrates the impact of ASC 326.


	January 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on debt securities HTM	$	—	$	—	$	—
ACL on loans
Construction and land	3,760		3,822		(62)
Farmland	65		61		4
1 - 4 family residential	6,002		1,378		4,624
Multi-family residential	2,593		1,965		628
Owner Occupied Commercial Real Estate ("OOCRE")	13,066		1,978		11,088
Non-Owner Occupied Commercial Real Estate ("NOOCRE")	15,314		8,139		7,175
Commercial	27,729		12,369		15,360
Consumer	442		122		320
ACL on loans	$	68,971	$	29,834	$	39,137

Liabilities:
ACL on OBS credit exposures	$	1,718	$	878	$	840

Recent Accounting Pronouncements

ASU 2019-12, "Income Taxes (Topic 740)" ("ASU 2019-12") simplifies the accounting for income taxes by removing certain exceptions and improves the consistent application of GAAP by clarifying and amending other existing guidance. ASU 2019-12 was effective for us on January 1, 2021 and did not have a significant impact on our consolidated financial statements and related disclosures.

ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04") amendments provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The

amendments apply only to contracts and hedging relationships that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The adoption of ASU 2020-04 did not significantly impact our consolidated financial statements and related disclosures.

ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs ("ASU 2020-08") clarifies the accounting for the amortization of purchase premiums for callable debt securities with multiple call dates. ASU 2020-08 was effective for us on January 1, 2021 and did not have a significant impact on our consolidated financial statements and related disclosures.

LHI

Acquired Loans

The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans.

ACL - Loans

The ACL is a valuation account that is deducted from the LHI amortized cost basis to present the net amount expected to be collected on LHI.

The Company has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses:

Real Estate — This category of loans consists of the following loan types:

Farmland — These loans are principally loans to purchase farmland.

Consumer — This category of loans is used for personal use typically for consumer purposes.

Collateral Dependent Financial Assets

Troubled-debt Restructurings (TDRs)

Contractual Term

Discounted Cash Flow Method

Loss-Rate Method

Probability of Default/Loss Given Default Method

Loan Commitments and ACL on Off-Balance Sheet Credit Exposures

Derivatives Financial Instruments

Derivative Financial Instruments (Not Designated as Accounting Hedges)

Derivative Financial Instruments (Designated as Accounting Hedges)

Transfers of Financial Assets

Equity Method Investments

Bank Premises and Equipment


Buildings and improvements			10 - 40 years
Site improvements			15 years
Tenant improvements			Lease term
Leasehold improvements			Lease term
Furniture and equipment			3 - 10 years

Leases

Securities Sold Under Agreements to Repurchase

OREO

Bank-Owned Life Insurance

Goodwill and Intangible Assets


Core deposit intangible			7 - 10 years
In-place lease intangible			Lease term

Servicing Assets

Marketing Expense

Marketing ExpenseThe Company expenses all marketing costs as they are incurred.

Income Taxes

The Company files a consolidated income tax return with its subsidiaries. Federal income tax expense or benefit is allocated on a separate return basis.

Fair Value of Financial Instruments

Fair Values of Financial Instruments

Revenue from Contracts with Customer

Revenue from Contracts with Customers

Stock Based Compensation

Liability-Classified Awards

Treasury Stock

Treasury stock is stated at cost, which is determined by the first-in, first-out method.

Comprehensive Income

Business Combinations

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")EPS are based upon the weighted-average number of shares outstanding.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table illustrates the impact of ASC 326.


	January 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on debt securities HTM	$	—	$	—	$	—
ACL on loans
Construction and land	3,760		3,822		(62)
Farmland	65		61		4
1 - 4 family residential	6,002		1,378		4,624
Multi-family residential	2,593		1,965		628
Owner Occupied Commercial Real Estate ("OOCRE")	13,066		1,978		11,088
Non-Owner Occupied Commercial Real Estate ("NOOCRE")	15,314		8,139		7,175
Commercial	27,729		12,369		15,360
Consumer	442		122		320
ACL on loans	$	68,971	$	29,834	$	39,137

Liabilities:
ACL on OBS credit exposures	$	1,718	$	878	$	840

Schedule of Estimated Lives of the Respective Assets


Buildings and improvements			10 - 40 years
Site improvements			15 years
Tenant improvements			Lease term
Leasehold improvements			Lease term
Furniture and equipment			3 - 10 years

Schedule of Intangible Assets

Intangible assets are initially recognized based on a valuation performed as of the acquisition date and are amortized on a straight-line basis over their estimated useful lives of the respective intangible assets as follows:


Core deposit intangible			7 - 10 years
In-place lease intangible			Lease term

Intangible assets in the accompanying consolidated balance sheets are summarized as follows:


	December 31, 2021
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	5.0 years	$	81,769	$	—	$	33,771	$	47,998
Servicing asset	7.2 years	22,090		627		3,758		17,705
Intangible lease assets	1.3 years	4,779		—		4,465		314
		$	108,638	$	627	$	41,994	$	66,017


	December 31, 2020
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	6.0 years	$	81,769	$	—	$	24,011	$	57,758
Servicing asset	7.4 years	6,847		556		2,928		3,363
Intangible lease assets	1.4 years	4,779		—		4,167		612
		$	93,395	$	556	$	31,106	$	61,733

Schedule of Reconciliation Between Weighted Average Shares Used for Calculating Basic and Diluted EPS

The table below sets forth the reconciliation between weighted average shares used for calculating basic and diluted EPS for the years ended December 31, 2021, 2020 and 2019.


	Year Ended December 31,
	2021		2020		2019
Earnings (numerator)


Net income	$	139,584	$	73,883	$	90,739
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)	49,405		49,883		53,154
Dilutive effect of employee stock-based awards	947		153		824
Adjusted weighted average shares outstanding	50,352		50,036		53,978
EPS:
Basic	$	2.83	$	1.48	$	1.71
Diluted	$	2.77	$	1.48	$	1.68

Supplemental Statement of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Schedule of Other Supplemental Cash Flow Information

Other supplemental cash flow information is presented below:


	Year Ended December 31,
	2021		2020		2019
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	37,139	$	58,236	$	88,175
Cash paid for income taxes	14,349		40,690		24,100
Supplemental Disclosures of Non-Cash Flow Information:

Setup of ROU asset and lease liability	$	6,232	$	4,123	$	9,380

Contingent consideration in connection with acquisitions	5,000		—		—
Reclassification of deferred offering costs paid in 2018 from other assets to additional paid-in-capital	—		—		788
Subordinated debt issuance costs accrued but not yet paid in 2019	—		—		315
Reclassification of lease intangibles, cease-use liability and deferred rent liability to ROU asset upon adoption of ASC 842	—		—		(48)


Net foreclosure of OREO and repossessed assets	334		2,764		5,995
LHI transferred to loans held for sale	10,890		4,511		—
Reclassification of branch assets held for sale to LHI	—		—		26,171
Reclassification of branch liabilities held for sale to interest-bearing transaction and savings deposits	—		—		1,713

Schedule of Supplemental Noncash Investing Activities


	Year Ended December 31,
	2021		2020		2019
Noncash assets acquired1
Debt securities	$	—	$	—	$	660,792
Equity securities	—		—		12,322
FHLB and FRB stock	—		—		29,490
Loans held for sale	—		—		9,360
LHI	29,338		—		3,245,248
Accrued interest receivable2	—		—		11,395
Bank-owned life insurance	—		—		56,841
Bank premises, furniture and equipment	—		—		36,855
Investment in unconsolidated subsidiaries	—		—		666
Other real estate owned	—		—		—
Intangible assets, net	13,913		—		65,718
Goodwill	32,931		—		209,393
Other assets	690		—		11,124
Right of use asset2	—		—		9,373
Deferred taxes2	—		—		11,783
Current taxes2	—		—		1,812
Assets held for sale	—		—		85,307
Total assets	$	76,872	$	—	$	4,457,479
Noncash liabilities assumed1
Noninterest-bearing deposits	$	—	$	—	$	825,364
Interest-bearing deposits	—		—		1,300,825
Certificates and other time deposits	—		—		1,346,915
Accounts payable and other liabilities	16,350		—		26,491
Lease liability3	—		—		9,373
Accrued interest payable	—		—		5,181
Securities sold under agreements to repurchase	—		—		3,226
Advances from FHLB	—		—		300,000
Subordinated debentures and subordinated notes	—		—		56,233
Liabilities held for sale	—		—		52,682
Total liabilities	$	16,350	$	—	$	3,926,290


Total equity
29,532,957 shares of common stock exchanged in connection with Green	$	—	$	—	$	631,415
497,594 share of common stock exchanged in connection with Green vested RSUs	$	—	$	—	$	5,801

1 Noncash assets acquired and noncash liabilities assumed during 2021 related to our acquisition of NAC and 2019 related to our acquisition of Green.

2 Accrued interest receivable, right of use asset, deferred taxes and current taxes are included in "Other assets" in our consolidated balance sheets for the year ended December 31, 2019.

3 Lease liability is included in "Accounts payable and other liabilities" in the Company's consolidated balance sheets for the year ended December 31, 2019.

Share Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Share Repurchases


	Year Ended December 31,
	2021		2020
Number of shares repurchased	475,744		2,349,639
Weighted average price per share	$	32.36	$	24.51

Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Gross Unrealized Gain Recognized on Equity Securities


	2021		2020		2019
Unrealized (loss) gain recognized on equity securities with a readily determinable fair value	$	(325)	$	480	$	325

Schedule of Carrying Amount and Approximate Fair Values of Available-for-Sale Securities

The amortized cost, related gross unrealized gains and losses, ACL and the fair value of AFS and HTM debt securities are as follows:


	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
AFS
Corporate bonds	$	198,396	$	10,294	$	178	$	—	$	208,512
Municipal securities	116,100		8,261		431		—		123,930
Mortgage-backed securities	124,230		4,326		1,489		—		127,067
Collateralized mortgage obligations	424,174		12,240		2,350		—		434,064
Asset-backed securities	53,466		1,616		519		—		54,563
Collateralized loan obligations	45,089		—		167		—		44,922
	$	961,455	$	36,737	$	5,134	$	—	$	993,058

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
HTM
Mortgage-backed securities	$	25,767	$	45	$	508	$	—	$	25,304
Collateralized mortgage obligations	5,490		560		—		—		6,050
Municipal securities	28,179		2,015		102		—		30,092
	$	59,436	$	2,620	$	610	$	—	$	61,446

The Company did not transfer any debt securities from AFS to HTM at fair value during the year ended December 31, 2021.


	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		ACL		Fair Value
AFS

Corporate bonds	$	173,050	$	6,417	$	1,297	$	—	$	178,170
Municipal securities	115,533		10,129		6		—		125,656
Mortgage-backed securities	240,320		16,047		42		—		256,325
Collateralized mortgage obligations	388,080		20,895		66		—		408,909
Asset-backed securities	52,335		2,934		—		—		55,269
	$	969,318	$	56,422	$	1,411	$	—	$	1,024,329

			Gross		Gross
	Amortized		Unrealized		Unrealized
HTM	Cost		Gains		Losses		ACL		Fair Value
Mortgage-backed securities	$	6,982	$	849	$	—	$	—	$	7,831
Collateralized mortgage obligations	1,620		103		—		—		1,723
Municipal securities	22,270		2,459		—		—		24,729
	$	30,872	$	3,411	$	—	$	—	$	34,283

Schedule of Investment Securities That Have Been in a Continuous Unrealized Loss Position


	December 31, 2021
	Less Than 12 Months				12 Months or More				Totals
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
AFS

Corporate bonds	$	7,072	$	178	$	—	$	—	$	7,072	$	178
Municipal securities	12,704		194		4,350		237		17,054		431
Mortgage-backed securities	40,276		1,283		4,677		206		44,953		1,489
Collateralized mortgage obligations	106,063		2,350		—		—		106,063		2,350
Asset-backed securities	11,265		519		—		—		11,265		519
Collateralized loan obligations	44,922		167		—		—		44,922		167
	$	222,302	$	4,691	$	9,027	$	443	$	231,329	$	5,134

HTM
Mortgage-backed securities	$	24,214	$	508	$	—	$	—	$	24,214	$	508

Municipal securities	4,583		102		—		—		4,583		102
	$	28,797	$	610	$	—	$	—	$	28,797	$	610


	December 31, 2020
	Less Than 12 Months				12 Months or More				Totals
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss		Value		Loss
AFS

Corporate bonds	$	31,953	$	1,297	$	—	$	—	$	31,953	$	1,297
Municipal securities	2,667		6		—		—		2,667		6
Mortgage-backed securities	34,402		108		—		—		34,402		108


	$	69,022	$	1,411	$	—	$	—	$	69,022	$	1,411

Schedule of Amortized Costs and Estimated Fair Values of Securities Available for Sale, By Contractual Maturity

Therefore, these securities are not included in the maturity categories below.


	December 31, 2021
	AFS				HTM
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value

Due from one year to five years	$	5,201	$	5,241	$	—	$	—
Due from five years to ten years	178,203		186,972		3,849		4,115
Due after ten years	131,092		140,229		24,330		25,977
	314,496		332,442		28,179		30,092
Mortgage-backed securities and collateralized mortgage obligations	548,404		561,131		31,257		31,354
Asset-backed securities	53,466		54,563		—		—
Collateralized loan obligations	45,089		44,922		—		—
	$	961,455	$	993,058	$	59,436	$	61,446


	December 31, 2020
	AFS				HTM
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value

Due from one year to five years	$	4,935	$	5,139	$	—	$	—
Due from five years to ten years	154,576		158,510		3,334		3,591
Due after ten years	129,072		140,177		18,936		21,138
	288,583		303,826		22,270		24,729
Mortgage-backed securities and collateralized mortgage obligations	628,400		665,234		8,602		9,554
Asset-backed securities	52,335		55,269		—		—
	$	969,318	$	1,024,329	$	30,872	$	34,283

Schedule of Proceeds From Sales of Debt Securities Available for Sale and Gross Gains and Losses

Proceeds from sales of debt securities AFS and gross realized gains and losses for the years ended December 31, 2021, 2020 and 2019 were as follows:


	December 31,
	2021		2020		2019
Proceeds from sales	$	13,300	$	113,771	$	567,718
Gross realized gains	—		2,879		532
Gross realized losses	188		256		2,384

LHI and ACL (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Summary of Loans

LHI in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
LHI, carried at amortized cost:
Real estate:
Construction and land	$	1,062,144	$	693,030
Farmland	55,827		13,844
1 - 4 family residential	542,566		524,344
Multi-family residential	310,241		424,962
OOCRE	665,537		717,472
NOOCRE	2,120,309		1,904,132
Commercial	2,006,876		1,559,546
MW	565,645		577,594
Consumer	11,998		13,000
	7,341,143		6,427,924

Deferred loan fees, net	(9,489)		(2,468)
ACL	(77,754)		(105,084)
LHI carried at amortized cost, net	$	7,253,900	$	6,320,372

LHI, carried at fair value:
PPP Loans	$	53,369	$	358,042

Total LHI, net	$	7,307,269	$	6,678,414

Schedule of Government Guaranteed Loans and Fee Income

The following table summarizes the PPP fee income and net gain (loss) due to the change in the fair value of PPP loans which are included in government guaranteed loan income, net on the Company's consolidated statements of income and in change in fair value of government guaranteed loans using fair value option on the Company's consolidated statements of cash flows.


	December 31, 2021		December 31, 2020

PPP fee income	$	7,721	$	12,811
Net gain (loss) due to the change in fair value	1,531		(1,799)

Schedule of Recorded Investment in Loans Related to the Balance in the Allowance for Loan Losses on the Basis of Impairment Methodology

The activity in the ACL related to LHI is as follows:


	December 31, 2021
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	7,768	$	56	$	8,148	$	6,231	$	9,719	$	35,237	$	37,554	$	371	$	105,084


Credit loss (benefit) expense non-PCD loans	(547)		131		(2,153)		(3,567)		(2,325)		(7,490)		(9,510)		(401)		(25,862)
Credit loss expense PCD loans	72		—		302		—		3,721		10,737		7,622		59		22,513
Charge-offs	—		—		(379)		—		(2,400)		(7,936)		(15,576)		(99)		(26,390)
Recoveries	—		—		64		—		500		—		1,542		303		2,409
Ending Balance	$	7,293	$	187	$	5,982	$	2,664	$	9,215	$	30,548	$	21,632	$	233	$	77,754


	December 31, 2020
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	3,821	$	62	$	2,143	$	1,200	$	1,991	$	8,126	$	12,369	$	122	$	29,834
Impact of adopting ASC 326 non-PCD loans	(707)		4		3,716		628		3,406		5,138		7,025		217		19,427
Impact of adoption ASC 326 PCD loans	645		—		908		—		7,682		2,037		8,335		103		19,710
Credit loss expense non-PCD loans	4,554		(10)		1,720		4,403		4,364		15,397		24,413		(178)		54,663
Credit loss expense PCD loans	(545)		—		(378)		—		(5,303)		7,404		817		(18)		1,977
Charge-offs	—		—		(18)		—		(2,421)		(2,865)		(15,507)		(162)		(20,973)
Recoveries	—		—		57		—		—		—		102		287		446
Ending Balance	$	7,768	$	56	$	8,148	$	6,231	$	9,719	$	35,237	$	37,554	$	371	$	105,084


	December 31, 2019
	Construction and Land		Farmland		Residential		Multifamily		OOCRE		NOOCRE		Commercial		Consumer		Total
Balance at beginning of year	$	2,186	$	58	$	1,614	$	361	$	1,393	$	5,070	$	8,554	$	19	$	19,255
Credit Loss Expense	1,635		4		619		839		598		3,056		14,487		276		21,514
Charge-offs	—		—		(157)		—		—		—		(10,898)		(265)		(11,320)
Recoveries	—		—		67		—		—		—		226		92		385
Ending Balance	$	3,821	$	62	$	2,143	$	1,200	$	1,991	$	8,126	$	12,369	$	122	$	29,834

Schedule of Amortized Cost Basis of Collateral Dependent Loans

The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of December 31, 2021:


	December 31, 2021					December 31, 2020
		Real Property(1)		ACL Allocation			Real Property(1)		ACL Allocation
Real estate:


1 - 4 family residential		$	—	$	—		$	199	$	11


NOOCRE		17,908		7,808			16,080		—
Commercial		1,702		—			8,666		4,668

Consumer		1,063		—			143		50
Total		$	20,673	$	7,808		$	25,088	$	4,729

(1) Loans reported exclude PCD loans that transitioned upon adoption of ASC 326 and accounted for on a pooled basis. Refer to Note 1 for further discussion.

Schedule of Non-Accrual Loans, Excluding Purchased Credit Impaired Loans, Aggregated By Class of Loans

Nonaccrual loans, aggregated by class of loans, as of December 31, 2021 and 2020, were as follows:


	December 31, 2021				December 31, 2020
	Nonaccrual		Nonaccrual With No ACL			Nonaccrual		Nonaccrual With No ACL
Real estate:


1 - 4 family residential	$	990	$	990		$	3,308	$	3,199

OOCRE	14,236		13,824			6,266		5,645
NOOCRE	17,978		191			40,830		19,213
Commercial	15,267		4,207			29,318		1,015

Consumer	1,216		1,216			1,374		1,220
Total	$	49,687	$	20,428		$	81,096	$	30,292

Schedule of Age Analysis of Past Due Loans, Excluding Purchased Credit Impaired Loans, Aggregated by Class of Loans

An age analysis of past due loans, aggregated by class of loans, as of December 31, 2021 and 2020 is as follows:


	December 31, 2021
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		PCD		Total Loans		Total 90 Days Past Due and Still Accruing(1)
Real estate:
Construction and land	$	—	$	—	$	—	$	—	$	1,059,796	$	2,348	$	1,062,144	$	—
Farmland	—		—		—		—		55,827		—		55,827		—
1 - 4 family residential	2,073		—		1,008		3,081		538,307		1,178		542,566		24
Multi-family residential	—		—		—		—		310,241		—		310,241		—
OOCRE	4,538		965		11,622		17,125		620,848		27,564		665,537		—
NOOCRE	936		—		192		1,128		2,100,981		18,200		2,120,309		—
Commercial	1,525		4,395		3,708		9,628		1,988,622		8,626		2,006,876		191
MW	—		—		—		—		565,645		—		565,645		—
Consumer	135		105		1,082		1,322		10,499		177		11,998		20
	$	9,207	$	5,465	$	17,612	$	32,284	$	7,250,766	$	58,093	$	7,341,143	$	235

(1) Loans 90 days past due and still accruing excludes $9,345 of pooled PCD loans and $206 of PPP loans as of December 31, 2021.


	December 31, 2020
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		PCD		Total Loans		Total 90 Days Past Due and Still Accruing (1)
Real estate:
Construction and land	$	—	$	—	$	—	$	—	$	690,345	$	2,685	$	693,030	$	—
Farmland	—		—		—		—		13,844		—		13,844		—
1 - 4 family residential	2,338		122		4,802		7,262		508,341		8,741		524,344		1,670
Multi-family residential	—		—		—		—		424,962		—		424,962		—
OOCRE	2,278		2,143		2,814		7,235		672,246		37,991		717,472		1,280
NOOCRE	7,675		2,911		17,586		28,172		1,832,784		43,176		1,904,132		—
Commercial	1,983		1,431		20,360		23,774		1,516,312		19,460		1,559,546		1,230
MW	—		—		—		—		577,594		—		577,594		—
Consumer	75		77		1,338		1,490		11,308		202		13,000		24
	$	14,349	$	6,684	$	46,900	$	67,933	$	6,247,736	$	112,255	$	6,427,924	$	4,204

(1) Loans 90 days past due and still accruing excludes $32,627 of pooled PCD loans as of December 31, 2020 that transitioned upon adoption of ASC 326. Refer to Note 1 for further discussion.

Schedule of Terms of Certain Loans That Were Modified as Troubled Debt Restructurings

The terms of certain loans modified as TDRs during the year ended December 31, 2021 and December 31, 2020 are summarized in the following tables:


	During the year ended December 31, 2020
	Adjusted Payment Structure		Payment Deferrals		Total Modifications		Number of Loans





OOCRE	$	5,326	$	—	$	5,326	5
NOOCRE	—		19,454		19,454		4
Commercial	1,419		1,345		2,764		4


Total	$	6,745	$	20,799	$	27,544	13

Summary of Internal Ratings of Loans, Including Purchased Credit Impaired Loans


	Term Loans Amortized Cost Basis by Origination Year1
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2021
Construction and land:
Pass	$	389,420	$	453,262	$	116,855	$	57,637	$	5,741	$	29,182	$	4,631	$	1,163	$	1,057,891
Special mention	—		1,593		—		312		—		—		—		—		1,905

PCD	—		—		—		—		—		2,348		—		—		2,348
Total construction and land	$	389,420	$	454,855	$	116,855	$	57,949	$	5,741	$	31,530	$	4,631	$	1,163	$	1,062,144

Farmland:
Pass	$	16,849	$	28,655	$	27	$	3,367	$	2,957	$	2,643	$	1,329	$	—	$	55,827



Total farmland	$	16,849	$	28,655	$	27	$	3,367	$	2,957	$	2,643	$	1,329	$	—	$	55,827

1 - 4 family residential:
Pass	$	191,333	$	101,377	$	54,826	$	59,861	$	27,743	$	85,661	$	12,659	$	6,025	$	539,485
Special mention	—		—		—		—		—		352		—		—		352
Substandard	—		—		—		—		81		903		567		—		1,551
PCD	—		—		—		—		—		1,178		—		—		1,178
Total 1-4 family residential	$	191,333	$	101,377	$	54,826	$	59,861	$	27,824	$	88,094	$	13,226	$	6,025	$	542,566

Multi-family residential:
Pass	$	67,979	$	59,239	$	54,321	$	68,531	$	11,815	$	27,020	$	49	$	—	$	288,954
Special mention	—		—		—		21,287		—		—		—		—		21,287


Total multi-family residential	$	67,979	$	59,239	$	54,321	$	89,818	$	11,815	$	27,020	$	49	$	—	$	310,241

OOCRE:
Pass	$	114,413	$	111,516	$	56,964	$	73,112	$	54,921	$	174,500	$	2,986	$	2,965	$	591,377
Special mention	2,420		—		1,052		—		—		6,232		—		—		9,704
Substandard	—		412		—		25,440		781		10,259		—		—		36,892
PCD	—		1,377		—		—		6,567		19,620		—		—		27,564
Total OOCRE	$	116,833	$	113,305	$	58,016	$	98,552	$	62,269	$	210,611	$	2,986	$	2,965	$	665,537

NOOCRE:
Pass	$	628,140	$	298,091	$	254,566	$	319,359	$	56,710	$	336,713	$	5,861	$	23,015	$	1,922,455
Special mention	—		613		1,685		29,469		16,354		48,952		—		489		97,562
Substandard	—		48		1,775		26,209		1,581		52,479		—		—		82,092
PCD	—		—		—		13,620		—		4,580		—		—		18,200
Total NOOCRE	$	628,140	$	298,752	$	258,026	$	388,657	$	74,645	$	442,724	$	5,861	$	23,504	$	2,120,309

Commercial:
Pass	$	430,213	$	187,370	$	124,798	$	65,186	$	40,254	$	52,491	$	968,229	$	19,130	$	1,887,671
Special mention	7,958		2,341		149		15,136		1,069		3,368		3,482		2,589		36,092
Substandard	15,662		5,843		6,286		14,908		4,167		2,779		20,500		4,342		74,487
PCD	—		—		—		315		1,785		6,526		—		—		8,626


Total commercial	$	453,833	$	195,554	$	131,233	$	95,545	$	47,275	$	65,164	$	992,211	$	26,061	$	2,006,876

MW:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	564,850	$	250	$	565,100

Substandard	—		—		—		—		—		—		545		—		545

Total MW	$	—	$	—	$	—	$	—	$	—	$	—	$	565,395	$	250	$	565,645

Consumer:
Pass	$	3,362	$	1,566	$	512	$	408	$	2,777	$	784	$	1,006	$	25	$	10,440
Special mention	—		—		—		—		65		14		—		—		79
Substandard	—		—		22		—		177		39		1,064		—		1,302
PCD	—		—		—		—		24		153		—		—		177
Total consumer	$	3,362	$	1,566	$	534	$	408	$	3,043	$	990	$	2,070	$	25	$	11,998

Total Pass	$	1,841,709	$	1,241,076	$	662,869	$	647,461	$	202,918	$	708,994	$	1,561,600	$	52,573	$	6,919,200
Total Special Mention	10,378		4,547		2,886		66,204		17,488		58,918		3,482		3,078		166,981
Total Substandard	15,662		6,303		8,083		66,557		6,787		66,459		22,676		4,342		196,869
Total PCD	—		1,377		—		13,935		8,376		34,405		—		—		58,093
Total	$	1,867,749	$	1,253,303	$	673,838	$	794,157	$	235,569	$	868,776	$	1,587,758	$	59,993	$	7,341,143

1 Term loans amortized cost basis by origination year excludes $9,489 of deferred loan fees, net.


	Term Loans Amortized Cost Basis by Origination Year1
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2020
Construction and land:
Pass	$	155,358	$	282,497	$	179,372	$	11,791	$	9,938	$	27,147	$	21,066	$	—	$	687,169
Special mention	—		—		2,666		—		—		—		—		—		2,666
Substandard	—		—		510		—		—		—		—		—		510
PCD	—		—		—		—		—		2,685		—		—		2,685
Total construction and land	$	155,358	$	282,497	$	182,548	$	11,791	$	9,938	$	29,832	$	21,066	$	—	$	693,030

Farmland:
Pass	$	867	$	972	$	3,367	$	3,688	$	—	$	3,656	$	1,294	$	—	$	13,844



Total farmland	$	867	$	972	$	3,367	$	3,688	$	—	$	3,656	$	1,294	$	—	$	13,844

1 - 4 family residential:
Pass	$	120,580	$	79,617	$	91,890	$	49,338	$	31,936	$	115,797	$	19,065	$	2,968	$	511,191
Special mention	—		1,077		154		760		—		687		—		—		2,678
Substandard	—		—		142		668		—		—		924		—		1,734
PCD	—		—		—		—		—		8,741		—		—		8,741
Total 1 - 4 family residential	$	120,580	$	80,694	$	92,186	$	50,766	$	31,936	$	125,225	$	19,989	$	2,968	$	524,344

Multi-family residential:
Pass	$	107,332	$	106,559	$	139,721	$	18,722	$	32,672	$	7,218	$	58	$	—	$	412,282
Special mention	—		—		12,680		—		—		—		—		—		12,680


Total multi-family residential	$	107,332	$	106,559	$	152,401	$	18,722	$	32,672	$	7,218	$	58	$	—	$	424,962

OOCRE:
Pass	$	113,741	$	65,262	$	75,940	$	79,253	$	79,202	$	176,668	$	5,532	$	—	$	595,598


Special mention	—			948			22,725		3,701		12,860		4,326		—		—		44,560
Substandard	370			—			10,579		3,830		11,315		6,822		201		6,206		39,323
PCD	—			—			—		—		7,951		30,040		—		—		37,991
Total OOCRE	$	114,111		$	66,210		$	109,244	$	86,784	$	111,328	$	217,856	$	5,733	$	6,206	$	717,472

NOOCRE:
Pass	$	361,246		$	255,976		$	445,079	$	90,738	$	174,893	$	309,572	$	13,413	$	—	$	1,650,917
Special mention	101			31,714			37,572		19,262		25,997		37,951		493		—		153,090
Substandard	1,226		0	9,850		0	4,562		4,108		—		23,098		14,105		—		56,949
PCD	—			—			18,744		—		6,652		17,780		—		—		43,176
Total NOOCRE	$	362,573		$	297,540		$	505,957	$	114,108	$	207,542	$	388,401	$	28,011	$	—	$	1,904,132

Commercial:
Pass	$	251,004		$	158,158		$	112,961	$	50,734	$	19,821	$	41,856	$	758,832	$	13,400	$	1,406,766
Special mention	1,306			2,539			8,224		10,033		1,201		2,165		26,922		3,670		56,060
Substandard	722			4,487			23,245		3,772		7,216		2,083		30,460		5,275		77,260
PCD	—			—			—		3,382		4,196		11,882		—		—		19,460
Total commercial	$	253,032		$	165,184		$	144,430	$	67,921	$	32,434	$	57,986	$	816,214	$	22,345	$	1,559,546

MW:
Pass	$	—		$	—		$	—	$	—	$	—	$	—	$	577,594	$	—	$	577,594



Total MW	$	—		$	—		$	—	$	—	$	—	$	—	$	577,594	$	—	$	577,594

Consumer:
Pass	$	2,489		$	1,216		$	1,038	$	3,899	$	887	$	353	$	1,475	$	—	$	11,357
Special mention	—			—			—		—		25		227		—		—		252
Substandard	—			—			—		60		—		66		1,063		—		1,189
PCD	—			—			—		36		—		166		—		—		202
Total consumer	$	2,489		$	1,216		$	1,038	$	3,995	$	912	$	812	$	2,538	$	—	$	13,000

Total Pass	$	1,112,617		$	950,257		$	1,049,368	$	308,163	$	349,349	$	682,267	$	1,398,329	$	16,368	$	5,866,718
Total Special Mention	1,407			36,278			84,021		33,756		40,083		45,356		27,415		3,670		271,986
Total Substandard	2,318			14,337			39,038		12,438		18,531		32,069		46,753		11,481		176,965
Total PCD	—			—			18,744		3,418		18,799		71,294		—		—		112,255
Total	$	1,116,342		$	1,000,872		$	1,191,171	$	357,775	$	426,762	$	830,986	$	1,472,497	$	31,519	$	6,427,924

1 Term loans amortized cost basis by origination year excludes $2,468 of deferred loan fees, net.

Schedule of Summary of Changes in Servicing Assets

A summary of the changes in the related servicing assets are as follows:


	Year Ended December 31,
	2021		2020
Balance at beginning of year	$	3,363	$	3,113
Servicing assets acquired through acquisition	13,913		—
Increase from loan sales	1,330		1,121
Servicing asset impairment, net of recoveries	(71)		(368)
Amortization charged as a reduction to income	(830)		(503)

Balance at year-end	$	17,705	$	3,363

Bank Premises, Furniture and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Bank Premises, Furniture and Equipment

Bank premises, furniture and equipment in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Building and improvements	$	53,955	$	61,035
Site improvements	2,903		3,303
Tenant improvements	779		779
Leasehold improvements	7,358		5,923
Land	38,709		44,078
Furniture, fixtures and equipment	25,662		17,751
Construction in progress	1,464		630
	130,830		133,499
Less accumulated depreciation and amortization	21,559		18,436
	$	109,271	$	115,063

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Lease Costs and Other Information

The table below summarizes the Company’s net lease cost:


	For the Year Ended December 31,
	2021		2020
Operating lease cost	$	4,298	$	4,131

Variable lease cost	641		810
Net lease cost	$	4,939	$	4,941

The table below summarizes other information related to the Company’s operating leases:


	For the Year Ended December 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,051		$	3,994
Weighted-average remaining lease term - operating leases, in years	6.0 years			3.3 years
Weighted-average discount rate - operating leases	1.94		%	1.56		%

Summary of Remaining Lease Liabilities

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:


	December 31, 2021
Lease payments due:
Within one year	$	4,107
After one but within two years	3,879
After two but within three years	3,478
After three but within four years	2,637
After four but within five years	1,680
After five years	3,991
Total undiscounted cash flows	19,772
Less: Discount on cash flows	(1,749)
Total lease liability	$	18,023

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets


Core deposit intangible			7 - 10 years
In-place lease intangible			Lease term

Intangible assets in the accompanying consolidated balance sheets are summarized as follows:


	December 31, 2021
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	5.0 years	$	81,769	$	—	$	33,771	$	47,998
Servicing asset	7.2 years	22,090		627		3,758		17,705
Intangible lease assets	1.3 years	4,779		—		4,465		314
		$	108,638	$	627	$	41,994	$	66,017


	December 31, 2020
	Remaining
	Weighted	Gross						Net
	Amortization	Intangible		Valuation		Accumulated		Intangible
	Period	Asset		Allowance		Amortization		Asset
Core deposit intangibles	6.0 years	$	81,769	$	—	$	24,011	$	57,758
Servicing asset	7.4 years	6,847		556		2,928		3,363
Intangible lease assets	1.4 years	4,779		—		4,167		612
		$	93,395	$	556	$	31,106	$	61,733

Schedule of the Estimated Aggregate Future Amortization Expense for Intangible Assets

The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2021 was as follows:


Year	Amount
2022	$	12,453
2023	12,262
2024	12,199
2025	11,863
2026	11,777
Thereafter	5,463
	$	66,017

Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Balance at beginning of year	$	370,840	$	370,840


North Avenue Capital, LLC acquisition (preliminary)	32,931		—

Balance at end of year	$	403,771	$	370,840

Deposits (Tables)

12 Months Ended

Dec. 31, 2021

Statistical Disclosure for Banks [Abstract]

Schedule Summarized of the Deposits

Deposits in the accompanying consolidated balance sheets are summarized as follows:


	December 31,
	2021		2020
Noninterest-bearing demand accounts	$	2,510,723	$	2,097,099
Interest-bearing demand accounts	579,406		453,111
Savings accounts	128,062		106,820
Limited access money market accounts	2,568,844		2,398,525
Certificates of deposit, greater than $250	651,345		827,594
Certificates of deposit, less than $250	925,235		629,697
Total	$	7,363,615	$	6,512,846

Scheduled Maturities of Certificate of Deposits

As of December 31, 2021, the scheduled maturities of certificates of deposit were as follows:


Year	Amount
2022	$	1,017,162
2023	523,160
2024	21,234
2025	11,200
2026	3,824

Total	$	1,576,580

Advances from the FHLB (Tables)

12 Months Ended

Dec. 31, 2021

Advances from Federal Home Loan Banks [Abstract]

Schedule of Contractual Maturities of FHLB Advances

Contractual maturities of FHLB advances at December 31, 2021 were as follows:


2022	$	27,562




2025 and thereafter	750,000
Total	$	777,562

Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Junior Subordinated Debentures and Subordinated Notes

Borrowed funds in the accompanying consolidated balance sheets are as follows:


	December 31,
	2021		2020
Junior subordinated debentures (1)	$	30,465	$	30,244
Subordinated notes (2)	197,299		232,534
	$	227,764	$	262,778

(1) Junior subordinated debentures are net of a discount of $3,403 and 3,624 as of December 31, 2021 and 2020, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

The provision for income taxes is summarized as follows:


	Year Ended December 31,
	2021		2020		2019
Income tax expense (benefit):
Current	$	32,075	$	23,587	$	16,068
Deferred	4,647		(9,384)		9,053
	$	36,722	$	14,203	$	25,121

Schedule of Effective Income Tax Rate Reconciliation


	Year Ended December 31,
	2021			2020			2019
Federal income tax expense rate at 21% for December 31, 2021, 2020 and 2019	$	37,024		$	18,498		$	24,330
Bank-owned life insurance	(852)			(407)			(422)
Non-deductible transaction costs	78			—			308
Tax exempt interest income	(545)			(452)			(391)
Impact of IRS Settlement	—			—			(1,556)
Deferred tax true up	24			(1,181)			—

162(m) Disallowance	504			65			1,512
State Taxes	1,039			902			760
Excess benefit on share-based compensation	(838)			(1,435)			205
Net Operating Loss ("NOL") Carryback	—			(1,799)			—
Other	288			12			375
Total income tax expense	$	36,722		$	14,203		$	25,121
Effective tax rate	20.8		%	16.1		%	21.7		%

Schedule of Significant Components of the Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:


	December 31,
	2021		2020
Deferred tax assets:

ACL	$	18,274	$	24,324
Equity compensation	4,111		3,390
Purchase premium/loan discounts	1,555		2,945
Bonuses	3,036		1,437
Lease liability	3,785		3,276
Deferred fee income	1,967		65
Purchase securities	2,507		2,905
Other	1,317		2,399
Total deferred tax assets	36,552		40,741
Deferred tax liabilities:
Intangibles	10,372		11,911
Bank premises and equipment	5,773		4,036
ROU asset	3,583		3,124
Net unrealized gain on AFS debt securities and derivative instruments	17,030		14,944
Other	1,864		2,063
Total deferred tax liabilities	38,622		36,078
Net deferred tax (liability) asset	$	(2,070)	$	4,663

Schedule of Unrecognized Tax Benefits Roll Forward


	December 31
	2021		2020		2019
Unrecognized tax benefits at the beginning of the year:	$	549	$	—	$	—
Gross increases, related to tax positions taken in a prior period	—		281		2,155
Gross decreases, related to tax positions taken in a prior period	(101)		—		—
Gross increases, related to tax positions taken in current period	55		268		—
Settlement with taxing authority	—		—		(2,155)
Unrecognized tax benefits at the end of the year	$	503	$	549	$	—

Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis


	December 31, 2021
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
Financial Assets:
AFS debt securities	$	—	$	993,058	$	—	$	993,058
Equity securities with a readily determinable fair value	11,038		—		—		11,038
PPP Loans	—		53,369		—		53,369
Loans held for sale (1)	—		9,867		—		9,867
Interest rate swap designated as hedging instruments	—		7,001		—		7,001
Correspondent interest rate swaps not designated as hedging instruments	—		1,527		—		1,527
Customer interest rate swaps not designated as hedging instruments	—		3,261		—		3,261
Customer interest rate caps and collars not designated as hedging instruments	—		1		—		1
Financial Liabilities:
Interest rate swap designated as hedging instruments	$	—	$	1,404	$	—	$	1,404
Correspondent interest rate swaps not designated as hedging instruments	—		3,498		—		3,498
Customer interest rate caps and collars not designated as hedging instruments	—		1,442		—		1,442
Correspondent interest rate caps and collars not designated as hedging instruments	—		1		—		1

(1) Represents loans held for sale elected to be carried at fair value upon origination or acquisition.


	December 31, 2020
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
Financial Assets:
AFS debt securities	$	—	$	1,024,329	$	—	$	1,024,329
Equity securities with a readily determinable fair value	11,363		—		—		11,363
PPP Loans	—		358,042		—		358,042
Loans held for sale (1)	—		6,681		—		6,681
Interest rate swap designated as hedging instruments	—		17,543		—		17,543
Customer interest rate swaps not designated as hedging instruments	—		10,937		—		10,937
Correspondent interest rate caps and collars not designated as hedging instruments	—		1		—		1
Financial Liabilities:
Interest rate swap designated as hedging instruments	$	—	$	2,255	$	—	$	2,255
Correspondent interest rate swaps not designated as hedging instruments	—		11,666		—		11,666
Customer interest rate caps and collars not designated as hedging instruments	—		1		—		1

(1) Represents loans held for sale elected to be carried at fair value upon origination or acquisition.

Schedule of Assets Measured at Fair Value on a Non-recurring Basis


	Fair Value
	Measurements Using
	Level 1		Level 2		Level 3		Total
	Inputs		Inputs		Inputs		Fair Value
As of December 31, 2021
Assets:
Collateral dependent loans with an ACL	$	—	$	—	$	10,100	$	10,100
Servicing assets with a valuation allowance	—		—		3,223		3,223


As of December 31, 2020
Assets:
Collateral dependent loans with an ACL	$	—	$	—	$	2,386	$	2,386
Servicing assets with a valuation allowance	—		—		2,975		2,975

Schedule of Estimated Fair Values and Carrying Values of All Financial Instruments


			Fair Value
	Carrying
	Amount		Level 1		Level 2		Level 3
December 31, 2021
Financial assets:
Cash and cash equivalents	$	379,784	$	—	$	379,784	$	—
Held-to-maturity debt securities	59,436		—		61,446		—
Securities purchased under agreements to resell	102,288		—		102,288		—
Loans held for sale(1)	16,140		—		16,140		—
LHI(2)	7,259,233		—		—		7,283,992
Accrued interest receivable	22,008		—		22,008		—
Bank-owned life insurance	83,194		—		83,194		—
Servicing asset	14,482		—		14,482		—
Equity securities without a readily determinable fair value	4,355		N/A		N/A		N/A
FHLB and FRB stock	71,892		N/A		N/A		N/A
Financial liabilities:
Deposits	$	7,363,615	$	—	$	7,145,175	$	—
Advances from FHLB	777,562		—		796,480		—
Accrued interest payable	1,507		—		1,507		—
Subordinated debentures and subordinated notes	227,764		—		227,764		—
Securities sold under agreement to repurchase	4,069		—		4,026		—

December 31, 2020
Financial assets:
Cash and cash equivalents	$	230,825	$	—	$	230,825	$	—
Held-to-maturity debt securities	30,872		—		34,283		—
Loans held for sale(1)	14,733		—		14,733		—
LHI(2)	6,317,986		—		—		6,335,402
Accrued interest receivable	23,798		—		23,798		—
Bank-owned life insurance	82,855		—		82,855		—
Servicing asset	388		—		486		—
Equity securities without readily determinable fair value	3,575		N/A		N/A		N/A
FHLB and FRB stock	71,236		N/A		N/A		N/A

Financial liabilities:
Deposits	$	6,512,846	$	—	$	6,608,849	$	—
Advances from FHLB	77,718		—		782,321		—
Accrued interest payable	2,665		—		2,665		—
Subordinated debentures and subordinated notes	262,778		—		262,778		—
Securities sold under agreement to repurchase	2,225		—		2,199		—

(1) Loans held for sale primarily represent commercial loans moved to held for sale or mortgage loans held for sale that are carried at lower of cost or market.

(2) LHI includes MW and is carried at amortized cost.

Off-Balance Sheet Loan Commitments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of the Approximate Amounts of Financial Instruments with Off-balance Sheet Risk

The following table sets forth the approximate amounts of these financial instruments as of December 31, 2021 and 2020:


	December 31,
	2021		2020
Commitments to extend credit	$	3,809,509	$	2,743,571
MW commitments	716,370		354,603
Standby and commercial letters of credit	65,881		44,427
	$	4,591,760	$	3,142,601

Schedule of Allowance For Unfunded Commitments


	December 31,
	2021		2020
Beginning balance for ACL on unfunded commitments	$	10,747	$	878
Impact of CECL adoption	—		840
(Benefit) provision for credit losses on unfunded commitments	(1,481)		9,029
Ending balance of ACL on unfunded commitments	$	9,266	$	10,747

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Balance Sheet

The notional amounts and estimated fair values as of December 31, 2021 and December 31, 2020 were as shown in the table below.


	December 31, 2021						December 31, 2020
			Estimated Fair Value						Estimated Fair Value
	Notional Amount		Asset Derivative		Liability Derivative		Notional Amount		Asset Derivative		Liability Derivative
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on borrowing advances	$	—	$	—	$	—	$	500,000	$	17,543	$	—
Interest rate swap on money market deposit account payments	250,000		4,541		—		250,000		—		2,255
Interest rate swap on customer loan interest payments	125,000		—		867		—		—		—
Interest rate swap on customer loan interest payments	125,000		—		537		—		—		—
Interest rate swap on customer loan interest payments	125,000		2,460		—		—		—		—
Total derivatives designated as hedging instruments	$	625,000	$	7,001	$	1,404	$	750,000	$	17,543	$	2,255

Derivatives not designated as hedging instruments:
Financial institution counterparty:
Interest rate swaps	$	379,787	$	1,527	$	3,498	$	303,918	$	—	$	11,666
Interest rate caps and collars	41,916		—		1		41,916		1		—
Commercial customer counterparty:
Interest rate swaps	379,787		3,261		1,442		303,918		10,937		—
Interest rate caps and collars	41,916		1		—		41,916		—		1
Total derivatives not designated as hedging instruments	$	843,406	$	4,789	$	4,941	$	691,668	$	10,938	$	11,667
Offsetting derivative assets/liabilities			(2,609)		(2,609)				1		1
Total derivatives	$	1,468,406	$	9,181	$	3,736	$	1,441,668	$	28,482	$	13,923

Derivative Instruments, Gain (Loss)

Pre-tax gain (loss) included in the Company's consolidated statements of income and related to derivative instruments for the years ended December 31, 2021 and 2020 was as follows:


	For the Year Ended December 31, 2021						For the Year Ended December 31, 2020
	Net gain (loss) recognized in other comprehensive income on derivative		Gain (loss) reclassified from accumulated other comprehensive income into income		Location of gain (loss) reclassified from accumulated other comprehensive income into income		Net gain (loss) recognized in other comprehensive income on derivative		Gain (loss) reclassified from accumulated other comprehensive income into income		Location of gain (loss) reclassified from accumulated other comprehensive income into income
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on borrowing advances	$	26,357	$	—	Interest Expense		$	13,859	$	—	Interest Expense
Interest rate swap on money market deposit account payments	6,995		(803)		Interest Expense		(1,781)		(605)		Interest Expense
Commercial loan interest rate floor	—		866		Interest Income		(813)		1,937		Interest Income
Interest rate swap on customer loan interest payments	(14)		3,714		Interest Income		—		—
Total	$	33,338	$	3,777			$	11,265	$	1,332


					Net Gain recognized in other noninterest income						Loss recognized in other noninterest income
Derivatives not designated as hedging instruments:
Interest rate swaps, caps and collars					$	1,913					$	2,481

Schedule of Derivative Instruments Outstanding

The following is a summary of the interest rate swaps outstanding as of December 31, 2021 and December 31, 2020.


	December 31, 2021
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
Non-hedging derivative instruments:
Customer interest rate derivative:
Interest rate swaps - receive fixed/pay floating	$	379,787	2.970% - 8.470%	LIBOR 1 month + 2.200% - 5.000% SOFR CME 1 month + 2.480%- 2.900% SOFR - NYFD 30 day average + 2.500% - 2.964%	Wtd. Avg. 4.8 years	$	1,820
Interest rate caps and collars	$	41,916	3.000% / 5.000%	LIBOR 1 month + 0.00% - 2.5%	Wtd. Avg. 0.6 years	$	1

Correspondent interest rate derivative:
Interest rate swaps - pay fixed/receive floating	$	379,787	2.970 - 8.470%	LIBOR 1 month + 2.200% - 5.000% SOFR CME 1 month + 2.480%- 2.900% SOFR - NYFD 30 day average + 2.500% - 2.964%	Wtd. Avg. 4.8 years	$	(1,972)
Interest rate caps and collars	$	41,916	2.500% / 3.000%	LIBOR 1 month + 0.00%	Wtd. Avg. 0.6 years	$	(1)


	December 31, 2020
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
Non-hedging derivative instruments:
Customer interest rate derivative:
Interest rate swaps - receive fixed/pay floating	$	303,918	3.14% - 8.470%	LIBOR 1 month + 0.00% - 5.00% PRIME H15 - 25	Wtd. Avg. 4.1 years	$	(11,666)
Interest rate caps and collars	$	41,916	2.500% / 3.000%	LIBOR 1 month + 0.00%	Wtd. Avg. 1.6 years	$	1

Correspondent interest rate derivative:
Interest rate swaps - pay fixed/receive floating	$	303,918	3.14% - 8.470%	LIBOR 1 month + 0.00% - 5.00% PRIME H15 - 25	Wtd. Avg. 4.1 years	$	10,937
Interest rate caps and collars	$	41,916	3.000% / 5.800%	LIBOR 1 month + 0.00% - 2.5%	Wtd. Avg. 1.6 years	$	(1)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Stock and Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Option Activity

A summary of the status of options granted under the 2010 Incentive Plan at December 31, 2021, 2020 and 2019 and changes during the years then ended is presented below:


	2010 Incentive Plan
	Nonperformance-based stock options
	Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2018	275,000	$	10.12	2.39 years



Exercised	(17,500)	10.24
Outstanding at December 31, 2019	257,500	$	10.28	1.37 years



Exercised	(237,500)	10.12
Outstanding at December 31, 2020	20,000	$	10.09	1.06 years



Exercised	(19,000)	10.00
Outstanding and exercisable at December 31, 2021	1,000	$	10.43	1.07 years	$	147

A summary of the status of the Company’s stock options under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the years then ended, is as follows:


	2019 Amended Plan
	Nonperformance-based stock options
	Equity Awards						Liability Awards
	Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value		Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2018	449,520	$	24.47	8.24 years			—	$	—	—
Granted	200,561	22.72					253,633	21.38
Conversion to equity awards	253,633	21.38					(253,633)	21.38
Forfeited	(41,336)	25.51					—	—

Exercised	(12,610)	15.42					—	—
Outstanding at December 31, 2019	849,768	$	23.61	8.24 years			—	$	—	—
Granted	185,025	26.73					—	—

Forfeited	(25,053)	27.37					—	—

Exercised	(33,939)	19.10					—	—
Outstanding at December 31, 2020	975,801	$	24.26	7.45 years			—	$	—	—
Granted	500	36.54					—	—

Forfeited	(13,996)	25.93					—	—

Exercised	(252,262)	23.87					—	—
Outstanding at December 31, 2021	710,043	$	24.38	6.91 years	$	10,935	—	$	—	—	$	—
Options exercisable at December 31, 2021	403,726	$	24.50	6.38 years	$	6,171	—	$	—	—	$	—
Weighted average fair value of options granted during the period		$	36.54					$	—

A summary of the status of the Company’s stock options under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 changes during the years then ended is as follows:


	Veritex (Green) 2014 Plan
	Non-performance Based Stock Options
	Shares Underlying Options	Weighted Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2019	—	$	—
Converted in acquisition of Green	304,778	15.41
Granted	211,793	21.38
Forfeited	(12,673)	13.17

Exercised	(116,929)	13.60
Outstanding at December 31, 2019	386,969	$	19.30
Granted	31,075	29.13
Forfeited	(30,711)	20.92
Exercised	(35,333)	19.42
Outstanding at December 31, 2020	352,000	$	19.99

Forfeited	(7,245)	21.38
Exercised	(126,951)	20.55
Outstanding at December 31, 2021	217,804	$	19.62	6.13 years	$4,424
Options exercisable at December 31, 2021	149,602	$	17.73	5.58 years	$3,299

A summary of the status of the Company’s stock options under the Green 2010 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Green 2010 Plan
	Non-performance Based Stock Options
	Shares Underlying Options	Weighted Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2019	—	$	—
Converted in acquisition of Green	768,628	10.73
Forfeited	(6,241)	13.69
Exercised	(190,652)	10.93
Outstanding at December 31, 2019	571,735	$	10.64



Exercised	(440,652)	10.35
Outstanding at December 31, 2020	131,083	$	11.60

Forfeited	(2,198)	13.69
Exercised	(62,742)	10.51
Outstanding and exercisable at December 31, 2021	66,143	$	12.56	2.17 years	$1,800

Schedule of Fair Value of Stock Options Exercised or Restricted Stock Units Vested

A summary of the fair value of the Company’s stock options exercised vested under the 2010 Incentive Plan as of December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised or Restricted Stock Units Vested as of December 31,
	2021		2020		2019
Nonperformance-based stock options exercised	$	568	$	6,579	$	454

A summary of the fair value of the Company’s stock options exercised and restricted stock units vested under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised, RSUs and PSUs Vested as of December 31,
	2021		2020		2019
Nonperformance-based stock options exercised	$	9,214	$	954	$	334
RSUs vested	2,781		2,529		6,113
PSUs vested	—		36		1,089

A summary of the fair value of the Company’s stock options exercised and RSUs vested under the Veritex (Green) 2014 Plan during the year ended December 31, 2021, 2020 and 2019 is presented below:


	Fair Value of Options Exercised or Restricted Stock Units Vested in the year ended December 31,
	2021		2020		2019
Non-performance-based stock options exercised	$	4,599	$	1,021	$	3,054
RSUs vested	713		828		—

A summary of the fair value of the Company’s stock options exercised under the Green 2010 Plan during the year ended December 31, 2021, 2020, and 2019 is presented below:


	Fair Value of Options Exercised in the year ended December 31,
	2021		2020		2019
Non-performance-based stock options exercised	$	1,838	$	12,231	$	5,554

Summary of Stock Compensation Expense

Stock compensation expense of options, RSUs and PSUs granted under the 2019 Amended Plan and the Veritex (Green) 2014 Plan was as follows:


	Year ended December 31,
	2021		2020
2019 Amended Plan	$	8,614	$	6,080
Veritex (Green) 2014 Plan	1,959		1,903

Summary of Status of the Company's Restricted Stock Units and Performance-based Stock Units

A summary of the status of the Company’s RSUs under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the year then ended is as follows:


	2019 Amended Plan
	RSUs
	Equity Awards			Liability Awards
	Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2018	133,455	$	19.67	—	$	—
Granted	127,459	22.44		165,739	21.38
Conversion to equity awards	165,739	21.38		(165,739)	21.38
Vested into shares	(250,965)	22.29		—	—

Outstanding at December 31, 2019	175,688	$	21.65	—	$	—
Granted	360,400	20.38		—	—

Vested into shares	(93,377)	24.73		—	—
Forfeited	(1,579)	29.13		—	—
Outstanding at December 31, 2020	441,132	$	20.39	—	$	—
Granted	281,149	28.68		—	—

Vested into shares	(108,732)	24.19		—	—
Forfeited	(15,498)	28.47		—	—
Outstanding at December 31, 2021	598,051	$	23.39	—	$	—

A summary of the status of the Company’s PSUs under the 2019 Amended Plan as of December 31, 2021, 2020 and 2019, and changes during the years then ended is as follows:


	2019 Amended Plan
	PSUs
	Equity Awards			Liability Awards
	Units	Weighted Average Grant Date Fair Value		Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2018	63,988	$	21.28	—	$	—
Granted	38,746	22.53		32,249	21.38
Conversion to equity awards	32,249	21.38		(32,249)	21.38
Vested into shares	(51,284)	25.31		—	—
Forfeited	(19,972)	21.38		—	—
Outstanding at December 31, 2019	63,727	$	22.76	—	$	—
Granted	39,398	25.94		—	—

Vested into shares	(1,841)	19.69		—	—
Forfeited	(1,089)	19.69		—	—
Outstanding at December 31, 2020	100,195	$	23.20	—	$	—
Granted	56,276	25.94		—	—



Outstanding at December 31, 2021	156,471	$	24.17	—	$	—

A summary of the status of the Company’s RSUs under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Veritex (Green) 2014 Plan
	RSUs
	Units	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	—	$	—
Granted	116,250	21.38


Outstanding at December 31, 2019	116,250	$	21.38
Granted	93,918	21.36
Vested into shares	(38,744)	21.38
Forfeited	(15,237)	23.62
Outstanding at December 31, 2020	156,187	$	22.64
Granted	5,692	26.12
Vested into shares	(33,335)	21.38
Forfeited	(5,760)	25.21
Outstanding at December 31, 2021	122,784	$	21.13

A summary of the status of the Company’s PSUs under the Veritex (Green) 2014 Plan as of December 31, 2021, 2020 and 2019 and changes during the years then ended, is as follows:


	Veritex (Green) 2014 Plan
	PSUs
	Units	Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	—	$	—
Granted	26,145	21.38

Forfeited	(825)	21.38
Outstanding at December 31, 2019	25,320	$	21.38
Granted	8,531	25.94

Forfeited	(3,123)	19.69
Outstanding at December 31, 2020	30,728	$	21.43
Granted	6,231	25.94

Forfeited	(1,060)	19.69
Outstanding at December 31, 2021	35,899	$	22.26

Capital Requirements and Restrictions on Retained Earnings (Tables)

12 Months Ended

Dec. 31, 2021

Regulatory Capital Requirements under Banking Regulations [Abstract]

Schedule of Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios

A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios is presented in the following table:


	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2021
Total capital (to risk-weighted assets "RWA")
Company	$	1,100,404	11.60	%	$	758,899	8.0	%	n/a		n/a
Bank	1,053,871		11.11		758,863		8.0		$	948,579	10.0	%
Tier 1 capital (to RWA)
Company	843,585		8.89		569,349		6.0		n/a		n/a
Bank	994,351		10.48		569,285		6.0		759,047		8.0
Common equity tier 1 (to RWA)
Company	814,138		8.58		426,995		4.5		n/a		n/a
Bank	994,351		10.48		426,964		4.5		616,725		6.5
Tier 1 capital (to average assets)
Company	843,585		9.05		372,855		4.0		n/a		n/a
Bank	994,351		10.69		372,068		4.0		465,085		5.0
As of December 31, 2020
Total capital (to RWA)
Company	$	1,099,031	13.57	%	$	647,918	8.0	%	n/a		n/a
Bank	968,481		11.96		647,813		8.0		$	809,767	10.0	%
Tier 1 capital (to RWA)
Company	782,487		9.66		486,017		6.0		n/a		n/a
Bank	884,471		10.92		485,973		6.0		647,964		8.0
Common equity tier 1 (to RWA)
Company	753,261		9.30		364,481		4.5		n/a		n/a
Bank	884,471		10.92		364,480		4.5		526,471		6.5
Tier 1 capital (to average assets)
Company	782,487		9.43		331,914		4.0		n/a		n/a
Bank	884,471		10.66		331,884		4.0		414,855		5.0

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Acquired Assets and Assumed Liabilities

Estimated fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:


	Estimate at November 1, 2021
Assets acquired
Cash and cash equivalents	$	1,978
LHI	29,338
Servicing asset	13,913
Other assets	690
	45,919

Liabilities assumed
Accounts payable and other accrued expenses	16,350
	16,350

Fair value of net assets acquired	29,569
Consideration:
Cash paid	57,500
Contingent consideration	5,000
Total consideration	$	62,500
Goodwill	$	32,931

Summary of Loans Acquired in a Business Combination

The following table discloses the fair value and contractual value of loans acquired from NAC on November 1, 2021:


	Total acquired loans
Commercial	$	27,174
Commercial Real Estate	2,164
Total contractual principal and fair value	$	29,338

Summary of Pro Forma Information, Business Acquisition


	Year Ended December 31,
	2020		2019
Net interest income	$	267,331	$	286,313
Net income	84,368		93,939

Basic EPS	$	1.69	$	1.77
Diluted EPS	1.69		1.74

Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Balance Sheets

Balance Sheet


	December 31,
	2021		2020
Assets
Cash and cash equivalents	$	44,507	$	129,969
Investment in subsidiaries	1,496,310		1,335,603
Other assets	3,736		4,638
Total assets	$	1,544,553	$	1,470,210
Liabilities and Stockholders’ Equity
Other liabilities	$	1,710	$	4,056
Other borrowings	227,764		262,778
Total liabilities	229,474		266,834
Stockholders’ equity

Common stock	$	560	$	555
Additional paid-in capital	1,142,758		1,126,437
Retained earnings	275,273		172,232

Accumulated other comprehensive income	64,070		56,225
Treasury stock	(167,582)		(152,073)
Total stockholders’ equity	1,315,079		1,203,376
Total liabilities and stockholders’ equity	$	1,544,553	$	1,470,210

Statements of Income


	Year Ended December 31,
	2021		2020		2019
Cash dividends from subsidiary	$	8,440	$	65,000	$	56,750
Excess of earnings over dividend from subsidiary	142,289		16,693		43,199
Other	43		53		50
	150,772		81,746		99,999
Interest on borrowings	12,426		8,529		4,672
Salaries and employee benefits	668		612		790
Merger and acquisition expense	—		—		4,942
Other	1,057		798		797
	14,151		9,939		11,201
Earnings before income tax benefit	136,621		71,807		88,798
Income tax benefit	(2,963)		(2,076)		(1,941)
Net income	$	139,584	$	73,883	$	90,739

Statements of Cash Flows


	Year Ended December 31,
	2021		2020		2019
Cash flows from operating activities:
Net income	$	139,584	$	73,883	$	90,739
Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Amortization of debt discount and debt issuance costs, net	817		1,263		2,353
Equity in undistributed net income of Bank	(142,289)		(16,693)		(43,199)
Decrease (increase) in other assets	902		(1,853)		(1,861)
(Increase) decrease in other liabilities	(3,177)		726		(5,024)
Net cash (used in) provided by operating activities	(4,163)		57,326		43,008
Cash flows from investing activities:


Net cash received in acquisition	—		—		5,818

Net cash provided by investing activities	—		—		5,818
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net of debt issuance costs paid	—		123,026		75,000

Proceeds from exercise of stock warrants	165		109		—
Redemption of subordinated debt	(35,000)		(5,000)		—
Proceeds from exercise of employee stock options	6,313		4,301		3,938
Payments to tax authorities for stock-based compensation	(725)		(3,829)		(1,346)


Repurchase of treasury stock	(15,509)		(57,470)		(94,533)
Dividends paid	(36,543)		(34,057)		(26,796)

Net cash (used in) provided by financing activities	(81,299)		27,080		(43,737)
Net (increase) decrease in cash and cash equivalents	(85,462)		84,406		5,089
Cash and cash equivalents at beginning of year	129,969		45,563		40,474
Cash and cash equivalents at end of year	$	44,507	$	129,969	$	45,563

Summary of Significant Accounting Policies - Nature of Organization (Details)	12 Months Ended
	Dec. 31, 2021 branch
Product Information [Line Items]
Number of branches	10

Summary of Significant Accounting Policies - Segment Reporting (Details)	12 Months Ended
	Dec. 31, 2021 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Summary of Significant Accounting Policies - Reclassifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other noninterest income	$ 11,132	$ 11,081	$ 4,632
Revision of Prior Period, Reclassification, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other noninterest income		2,179	2,172
Rental income		$ (2,179)	$ (2,172)

Summary of Significant Accounting Policies - Equity Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impairment loss, equity securities	$ 0	$ 0

Summary of Significant Accounting Policies - Fair Value Option (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Fair value, option, change in fair value of government guaranteed loans and PPP Loans	$ 1,845,000	$ (2,040,000)	$ 303,000
PPP fee income	$ 7,721,000	$ 12,811,000

Summary of Significant Accounting Policies - Gain on Sale of Guaranteed Portion of SBA Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gain (loss) on sale of government guaranteed loans	$ 6,194	$ 3,379	$ 4,388
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guaranteed portion of SBA loans, percent	0.50
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Guaranteed portion of SBA loans, percent	0.90

Summary of Significant Accounting Policies - Impact of ASC 326 (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
CECL impact on date of adoption		$ 1,203,376	$ 1,315,079	$ 1,190,797	$ 530,638
ACL on debt securities HTM	$ 0	0	0
ACL on loans	29,834	105,084	77,754	29,834	19,255
ACL on OBS credit exposures	878
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
CECL impact on date of adoption		172,232	275,273	147,911	83,968
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans	19,710
Real Estate \| Construction and Land
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	3,822	7,768	7,293	3,821	2,186
Real Estate \| Farmland
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	61	56	187	62	58
Real Estate \| Residential Real Estate \| 1 - 4 family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	1,378	8,148	5,982	2,143	1,614
Real Estate \| Residential Real Estate \| Multi-family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	1,965	6,231	2,664	1,200	361
Real Estate \| Commercial Real Estate \| OOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	1,978	9,719	9,215	1,991	1,393
Real Estate \| Commercial Real Estate \| NOOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	8,139	35,237	30,548	8,126	5,070
Commercial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	12,369	37,554	21,632	12,369	8,554
Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	122	371	$ 233	122	$ 19
Cumulative Effect, Period Of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on debt securities HTM	0
ACL on loans	68,971
ACL on OBS credit exposures	1,718
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Construction and Land
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	3,760
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Farmland
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	65
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Residential Real Estate \| 1 - 4 family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	6,002
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Residential Real Estate \| Multi-family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	2,593
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Commercial Real Estate \| OOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	13,066
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Real Estate \| Commercial Real Estate \| NOOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	15,314
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Commercial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	27,729
Cumulative Effect, Period Of Adoption, Adjusted Balance \| Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ACL on loans	442
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
CECL impact on date of adoption				(15,505)
Impact of adoption ASC 326 PCD loans		19,710
ACL on debt securities HTM	0
ACL on loans	39,137			19,427
ACL on OBS credit exposures	840
Cumulative Effect, Period of Adoption, Adjustment \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
CECL impact on date of adoption				(15,505)
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13 \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
CECL impact on date of adoption				(15,505)
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Construction and Land
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		645
ACL on loans	(62)			(707)
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Farmland
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		0
ACL on loans	4			4
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Residential Real Estate \| 1 - 4 family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		908
ACL on loans	4,624			3,716
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Residential Real Estate \| Multi-family residential
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		0
ACL on loans	628			628
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Commercial Real Estate \| OOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		7,682
ACL on loans	11,088			3,406
Cumulative Effect, Period of Adoption, Adjustment \| Real Estate \| Commercial Real Estate \| NOOCRE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		2,037
ACL on loans	7,175			5,138
Cumulative Effect, Period of Adoption, Adjustment \| Commercial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		8,335
ACL on loans	15,360			7,025
Cumulative Effect, Period of Adoption, Adjustment \| Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impact of adoption ASC 326 PCD loans		$ 103
ACL on loans	$ 320			$ 217

Summary of Significant Accounting Policies - Equity Method Investments (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 16, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Purchases of equity method securities		$ 54,970	$ 2,888	$ 23,577
Goodwill		403,771	370,840	370,840
Equity method investments		60,730
Equity method investment income		$ 5,760	$ 0	$ 0
Thrive Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	49.00%
Purchases of equity method securities	$ 54,914
Goodwill	$ 35,816

Summary of Significant Accounting Policies - Bank Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Impairment charges	$ 0	$ 0	$ 0
Site improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	15 years
Minimum \| Building and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years
Minimum \| Furniture and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Maximum \| Building and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	40 years
Maximum \| Furniture and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years

Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Impairment charges	$ 0	$ 0	$ 0
Core deposit intangibles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful live	7 years
Core deposit intangibles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful live	10 years

Summary of Significant Accounting Policies - Marketing Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Marketing expense	$ 5,344	$ 3,651	$ 3,259

Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income tax, penalties and interest expense	$ 126,000	$ 143,000	$ 309,000

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings (numerator)
Net income	$ 139,584	$ 73,883	$ 90,739
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands) (in shares)	49,405,000	49,883,000	53,154,000
Dilutive effect of employee stock-based awards (in shares)	947,000	153,000	824,000
Adjusted weighted average shares outstanding (in shares)	50,352,000	50,036,000	53,978,000
EPS:
Basic (in USD per share)	$ 2.83	$ 1.48	$ 1.71
Diluted (in USD per share)	$ 2.77	$ 1.48	$ 1.68
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded from diluted EPS weighted average shares (in shares)		1,481	0
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded from diluted EPS weighted average shares (in shares)	29	344
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Excluded from diluted EPS weighted average shares (in shares)		1,137

Supplemental Statement of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$ 37,139	$ 58,236	$ 88,175
Cash paid for income taxes	14,349	40,690	24,100
Supplemental Disclosures of Non-Cash Flow Information:
Setup of ROU asset and lease liability	6,232	4,123	9,380
Contingent consideration in connection with acquisitions	5,000	0	0
Reclassification of deferred offering costs paid in 2018 from other assets to additional paid-in-capital	0	0	788
Subordinated debt issuance costs accrued but not yet paid in 2019	0	0	315
Reclassification of lease intangibles, cease-use liability and deferred rent liability to ROU asset upon adoption of ASC 842	0	0	(48)
Net foreclosure of OREO and repossessed assets	334	2,764	5,995
LHI transferred to loans held for sale	10,890	4,511	0
Reclassification of branch assets held for sale to LHI	0	0	26,171
Reclassification of branch liabilities held for sale to interest-bearing transaction and savings deposits	0	0	1,713
Noncash assets acquired
Debt securities	0	0	660,792
Equity securities	0	0	12,322
FHLB and FRB stock	0	0	29,490
Loans held for sale	0	0	9,360
LHI	29,338	0	3,245,248
Accrued interest receivable	0	0	11,395
Bank-owned life insurance	0	0	56,841
Bank premises, furniture and equipment	0	0	36,855
Investment in unconsolidated subsidiaries	0	0	666
Other real estate owned	0	0	0
Intangible assets, net	13,913	0	65,718
Goodwill	32,931	0	209,393
Other assets	690	0	11,124
Right of use asset	0	0	9,373
Deferred taxes	0	0	11,783
Current taxes	0	0	1,812
Assets held for sale	0	0	85,307
Total assets	76,872	0	4,457,479
Noncash liabilities assumed
Noninterest-bearing deposits	0	0	825,364
Interest-bearing deposits	0	0	1,300,825
Certificates and other time deposits	0	0	1,346,915
Accounts payable and other liabilities	16,350	0	26,491
Lease liability	0	0	9,373
Accrued interest payable	0	0	5,181
Securities sold under agreements to repurchase	0	0	3,226
Advances from FHLB	0	0	300,000
Subordinated debentures and subordinated notes	0	0	56,233
Liabilities held for sale	0	0	52,682
Total liabilities	16,350	0	3,926,290
Green Bancorp, Inc.
Noncash liabilities assumed
Market value of common stock issued	0	0	$ 631,415
Shares of common stock exchanged in connection with acquisition (in shares)			29,532,957
Restricted stock units \| Green Bancorp, Inc.
Noncash liabilities assumed
Market value of common stock issued	$ 0	$ 0	$ 5,801
Shares of common stock exchanged in connection with acquisition (in shares)			497,594

Share Transactions (Details) - Common Stock - USD ($)	12 Months Ended
Share Transactions (Details) - Common Stock - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount	$ 250,000,000
Number of shares repurchased (in shares)	475,744	2,349,639
Weighted average price per share (in dollars per share)	$ 32.36	$ 24.51

Securities - Securities (Details) - USD ($)	12 Months Ended
Securities - Securities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Equity securities	$ 11,038,000	$ 11,363,000
Realized gain (loss) on equity securities	0	(8,000)	$ 0
Unrealized (loss) gain recognized on equity securities with a readily determinable fair value	(325,000)	480,000	$ 325,000
Equity securities without a readily determinable fair value	$ 4,355,000	$ 3,575,000

Securities - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020
AFS
Amortized Cost	$ 961,455	$ 969,318
Gross Unrealized Gains	36,737	56,422
Gross Unrealized Losses	5,134	1,411
ACL	0	0
Fair Value	993,058	1,024,329
HTM
Amortized Cost	59,436	30,872
Gross Unrealized Gains	2,620	3,411
Gross Unrealized Losses	610	0
ACL	0	0	$ 0
Fair value	61,446	34,283
Corporate bonds
AFS
Amortized Cost	198,396	173,050
Gross Unrealized Gains	10,294	6,417
Gross Unrealized Losses	178	1,297
ACL	0	0
Fair Value	208,512	178,170
Municipal securities
AFS
Amortized Cost	116,100	115,533
Gross Unrealized Gains	8,261	10,129
Gross Unrealized Losses	431	6
ACL	0	0
Fair Value	123,930	125,656
HTM
Amortized Cost	28,179	22,270
Gross Unrealized Gains	2,015	2,459
Gross Unrealized Losses	102	0
ACL	0	0
Fair value	30,092	24,729
Mortgage-backed securities
AFS
Amortized Cost	124,230	240,320
Gross Unrealized Gains	4,326	16,047
Gross Unrealized Losses	1,489	42
ACL	0	0
Fair Value	127,067	256,325
HTM
Amortized Cost	25,767	6,982
Gross Unrealized Gains	45	849
Gross Unrealized Losses	508	0
ACL	0	0
Fair value	25,304	7,831
Collateralized mortgage obligations
AFS
Amortized Cost	424,174	388,080
Gross Unrealized Gains	12,240	20,895
Gross Unrealized Losses	2,350	66
ACL	0	0
Fair Value	434,064	408,909
HTM
Amortized Cost	5,490	1,620
Gross Unrealized Gains	560	103
Gross Unrealized Losses	0	0
ACL	0	0
Fair value	6,050	1,723
Asset-backed securities
AFS
Amortized Cost	53,466	52,335
Gross Unrealized Gains	1,616	2,934
Gross Unrealized Losses	519	0
ACL	0	0
Fair Value	54,563	$ 55,269
Collateralized loan obligations
AFS
Amortized Cost	45,089
Gross Unrealized Gains	0
Gross Unrealized Losses	167
ACL	0
Fair Value	$ 44,922

Securities - Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021 USD ($) investment	Dec. 31, 2020 USD ($) investment
AFS Fair Value
Less Than 12 Months	$ 222,302	$ 69,022
12 Months or More	9,027	0
Totals	231,329	69,022
AFS Unrealized Loss
Less Than 12 Months	4,691	1,411
12 Months or More	443	0
Totals	$ 5,134	$ 1,411
Number of investment positions in an unrealized loss position \| investment	34	11
HTM Fair Value
Less Than 12 Months	$ 28,797
12 Months or More	0
Totals	28,797
HTM Unrealized Loss
Less Than 12 Months	610
12 Months or More	0
Totals	610
Corporate bonds
AFS Fair Value
Less Than 12 Months	7,072	$ 2,667
12 Months or More	0	0
Totals	7,072	2,667
AFS Unrealized Loss
Less Than 12 Months	178	6
12 Months or More	0	0
Totals	178	6
Municipal securities
AFS Fair Value
Less Than 12 Months	12,704	31,953
12 Months or More	4,350	0
Totals	17,054	31,953
AFS Unrealized Loss
Less Than 12 Months	194	1,297
12 Months or More	237	0
Totals	431	1,297
HTM Fair Value
Less Than 12 Months	4,583
12 Months or More	0
Totals	4,583
HTM Unrealized Loss
Less Than 12 Months	102
12 Months or More	0
Totals	102
Mortgage-backed securities
AFS Fair Value
Less Than 12 Months	40,276	34,402
12 Months or More	4,677	0
Totals	44,953	34,402
AFS Unrealized Loss
Less Than 12 Months	1,283	108
12 Months or More	206	0
Totals	1,489	$ 108
HTM Fair Value
Less Than 12 Months	24,214
12 Months or More	0
Totals	24,214
HTM Unrealized Loss
Less Than 12 Months	508
12 Months or More	0
Totals	508
Collateralized mortgage obligations
AFS Fair Value
Less Than 12 Months	106,063
12 Months or More	0
Totals	106,063
AFS Unrealized Loss
Less Than 12 Months	2,350
12 Months or More	0
Totals	2,350
Asset-backed securities
AFS Fair Value
Less Than 12 Months	11,265
12 Months or More	0
Totals	11,265
AFS Unrealized Loss
Less Than 12 Months	519
12 Months or More	0
Totals	519
Collateralized loan obligations
AFS Fair Value
Less Than 12 Months	44,922
12 Months or More	0
Totals	44,922
AFS Unrealized Loss
Less Than 12 Months	167
12 Months or More	0
Totals	$ 167

Securities - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Available For Sale Amortized Cost
Due from one year to five years	$ 5,201	$ 4,935
Due from five years to ten years	178,203	154,576
Due after ten years	131,092	129,072
Total investment securities available for sale, single maturity date	314,496	288,583
Amortized Cost	961,455	969,318
Available For Sale Fair value
Due from one year to five years	5,241	5,139
Due from five years to ten years	186,972	158,510
Due after ten years	140,229	140,177
Total investment securities available for sale	332,442	303,826
Fair Value	993,058	1,024,329
Held-to-Maturity Amortized Cost
Due from one year to five years	0	0
Due from five years to ten years	3,849	3,334
Due after ten years	24,330	18,936
Total investment securities held to maturity, single maturity date	28,179	22,270
Amortized Cost	59,436	30,872
Held-to-Maturity Fair Value
Due from one year to five years	0	0
Due from five years to ten years	4,115	3,591
Due after ten years	25,977	21,138
Total investment securities held to maturity	30,092	24,729
Fair Value	61,446	34,283
Mortgage-backed securities and collateralized mortgage obligations
Available For Sale Amortized Cost
Amortized cost	548,404	628,400
Amortized Cost	124,230	240,320
Available For Sale Fair value
Fair value	561,131	665,234
Fair Value	127,067	256,325
Held-to-Maturity Amortized Cost
Amortized cost	31,257	8,602
Amortized Cost	25,767	6,982
Held-to-Maturity Fair Value
Fair value	31,354	9,554
Asset-backed securities
Available For Sale Amortized Cost
Amortized cost	53,466	52,335
Amortized Cost	53,466	52,335
Available For Sale Fair value
Fair value	54,563	55,269
Fair Value	54,563	55,269
Held-to-Maturity Amortized Cost
Amortized cost	0	0
Held-to-Maturity Fair Value
Fair value	0	$ 0
Collateralized loan obligations
Available For Sale Amortized Cost
Amortized cost	45,089
Amortized Cost	45,089
Available For Sale Fair value
Fair value	44,922
Fair Value	44,922
Held-to-Maturity Amortized Cost
Amortized cost	0
Held-to-Maturity Fair Value
Fair value	$ 0

Securities - Proceeds From Sale of Debt Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of AFS debt securities	$ 13,300	$ 113,771	$ 567,718
Gross realized gains	0	2,879	532
Gross realized losses	$ 188	$ 256	$ 2,384

LHI and ACL - Balance Sheet Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans and Allowance for Loan Losses
Loans	$ 7,341,143	$ 6,427,924
Deferred loan fees, net	(9,489)	(2,468)
ACL	(77,754)	(105,084)	$ (29,834)	$ (29,834)	$ (19,255)
LHI carried at amortized cost, net	7,253,900	6,320,372
PPP Loans	53,369	358,042
Total LHI, net	7,307,269	6,678,414
PCI loans acquired	8,657	15,526
Discount on retained loans from SBA loan sales	3,430	3,215
Real Estate \| Construction and Land
Loans and Allowance for Loan Losses
Loans	1,062,144	693,030
ACL	(7,293)	(7,768)	(3,822)	(3,821)	(2,186)
Real Estate \| Farmland
Loans and Allowance for Loan Losses
Loans	55,827	13,844
ACL	(187)	(56)	(61)	(62)	(58)
Real Estate \| Residential Real Estate \| 1 - 4 family residential
Loans and Allowance for Loan Losses
Loans	542,566	524,344
ACL	(5,982)	(8,148)	(1,378)	(2,143)	(1,614)
Real Estate \| Residential Real Estate \| Multi-family residential
Loans and Allowance for Loan Losses
Loans	310,241	424,962
ACL	(2,664)	(6,231)	(1,965)	(1,200)	(361)
Real Estate \| Commercial Real Estate \| OOCRE
Loans and Allowance for Loan Losses
Loans	665,537	717,472
ACL	(9,215)	(9,719)	(1,978)	(1,991)	(1,393)
Real Estate \| Commercial Real Estate \| NOOCRE
Loans and Allowance for Loan Losses
Loans	2,120,309	1,904,132
ACL	(30,548)	(35,237)	(8,139)	(8,126)	(5,070)
Commercial
Loans and Allowance for Loan Losses
Loans	2,006,876	1,559,546
ACL	(21,632)	(37,554)	(12,369)	(12,369)	(8,554)
Mortgage warehouse
Loans and Allowance for Loan Losses
Loans	565,645	577,594
Consumer
Loans and Allowance for Loan Losses
Loans	11,998	13,000
ACL	$ (233)	$ (371)	$ (122)	$ (122)	$ (19)

LHI and ACL - Schedule of Government Guaranteed Loans and Fee Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
PPP fee income	$ 7,721	$ 12,811
Net gain (loss) due to the change in fair value	$ 1,531	$ (1,799)

LHI and ACL - Allowance for Credit Loss Activity (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis of allowance for loan losses
Balance at beginning of year	$ 29,834	$ 105,084	$ 29,834	$ 19,255
(Benefit) provision for credit losses		(3,349)	56,640	21,514
Charge-offs		(26,390)	(20,973)	(11,320)
Recoveries		2,409	446	385
Ending Balance	29,834	77,754	105,084	29,834
Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	19,427		19,427
Impact of adoption ASC 326 PCD loans			19,710
Ending Balance	39,137			19,427
Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(25,862)	54,663
PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		22,513	1,977
Real Estate \| Construction and Land
Analysis of allowance for loan losses
Balance at beginning of year	3,821	7,768	3,821	2,186
(Benefit) provision for credit losses				1,635
Charge-offs		0	0	0
Recoveries		0	0	0
Ending Balance	3,822	7,293	7,768	3,821
Real Estate \| Construction and Land \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	(707)		(707)
Impact of adoption ASC 326 PCD loans			645
Ending Balance	(62)			(707)
Real Estate \| Construction and Land \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(547)	4,554
Real Estate \| Construction and Land \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		72	(545)
Real Estate \| Farmland
Analysis of allowance for loan losses
Balance at beginning of year	62	56	62	58
(Benefit) provision for credit losses				4
Charge-offs		0	0	0
Recoveries		0	0	0
Ending Balance	61	187	56	62
Real Estate \| Farmland \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	4		4
Impact of adoption ASC 326 PCD loans			0
Ending Balance	4			4
Real Estate \| Farmland \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		131	(10)
Real Estate \| Farmland \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		0	0
Real Estate \| Residential Real Estate \| 1 - 4 family residential
Analysis of allowance for loan losses
Balance at beginning of year	2,143	8,148	2,143	1,614
(Benefit) provision for credit losses				619
Charge-offs		(379)	(18)	(157)
Recoveries		64	57	67
Ending Balance	1,378	5,982	8,148	2,143
Real Estate \| Residential Real Estate \| 1 - 4 family residential \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	3,716		3,716
Impact of adoption ASC 326 PCD loans			908
Ending Balance	4,624			3,716
Real Estate \| Residential Real Estate \| 1 - 4 family residential \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(2,153)	1,720
Real Estate \| Residential Real Estate \| 1 - 4 family residential \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		302	(378)
Real Estate \| Residential Real Estate \| Multi-family residential
Analysis of allowance for loan losses
Balance at beginning of year	1,200	6,231	1,200	361
(Benefit) provision for credit losses				839
Charge-offs		0	0	0
Recoveries		0	0	0
Ending Balance	1,965	2,664	6,231	1,200
Real Estate \| Residential Real Estate \| Multi-family residential \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	628		628
Impact of adoption ASC 326 PCD loans			0
Ending Balance	628			628
Real Estate \| Residential Real Estate \| Multi-family residential \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(3,567)	4,403
Real Estate \| Residential Real Estate \| Multi-family residential \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		0	0
Real Estate \| Commercial Real Estate \| OOCRE
Analysis of allowance for loan losses
Balance at beginning of year	1,991	9,719	1,991	1,393
(Benefit) provision for credit losses				598
Charge-offs		(2,400)	(2,421)	0
Recoveries		500	0	0
Ending Balance	1,978	9,215	9,719	1,991
Real Estate \| Commercial Real Estate \| OOCRE \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	3,406		3,406
Impact of adoption ASC 326 PCD loans			7,682
Ending Balance	11,088			3,406
Real Estate \| Commercial Real Estate \| OOCRE \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(2,325)	4,364
Real Estate \| Commercial Real Estate \| OOCRE \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		3,721	(5,303)
Real Estate \| Commercial Real Estate \| NOOCRE
Analysis of allowance for loan losses
Balance at beginning of year	8,126	35,237	8,126	5,070
(Benefit) provision for credit losses				3,056
Charge-offs		(7,936)	(2,865)	0
Recoveries		0	0	0
Ending Balance	8,139	30,548	35,237	8,126
Real Estate \| Commercial Real Estate \| NOOCRE \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	5,138		5,138
Impact of adoption ASC 326 PCD loans			2,037
Ending Balance	7,175			5,138
Real Estate \| Commercial Real Estate \| NOOCRE \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(7,490)	15,397
Real Estate \| Commercial Real Estate \| NOOCRE \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		10,737	7,404
Commercial
Analysis of allowance for loan losses
Balance at beginning of year	12,369	37,554	12,369	8,554
(Benefit) provision for credit losses				14,487
Charge-offs		(15,576)	(15,507)	(10,898)
Recoveries		1,542	102	226
Ending Balance	12,369	21,632	37,554	12,369
Commercial \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	7,025		7,025
Impact of adoption ASC 326 PCD loans			8,335
Ending Balance	15,360			7,025
Commercial \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(9,510)	24,413
Commercial \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		7,622	817
Consumer
Analysis of allowance for loan losses
Balance at beginning of year	122	371	122	19
(Benefit) provision for credit losses				276
Charge-offs		(99)	(162)	(265)
Recoveries		303	287	92
Ending Balance	122	233	371	122
Consumer \| Cumulative Effect, Period of Adoption, Adjustment
Analysis of allowance for loan losses
Balance at beginning of year	217		217
Impact of adoption ASC 326 PCD loans			103
Ending Balance	$ 320			$ 217
Consumer \| Non-PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		(401)	(178)
Consumer \| PCD Loans
Analysis of allowance for loan losses
(Benefit) provision for credit losses		$ 59	$ (18)

LHI and ACL - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018
Servicing Asset at Amortized Cost [Line Items]
Loans	$ 7,341,143	$ 6,427,924
ACL Allocation	77,754	105,084	$ 29,834	$ 29,834	$ 19,255
Real Estate \| Residential Real Estate \| 1 - 4 family residential
Servicing Asset at Amortized Cost [Line Items]
Loans	542,566	524,344
ACL Allocation	5,982	8,148	1,378	2,143	1,614
Real Estate \| Commercial Real Estate \| NOOCRE
Servicing Asset at Amortized Cost [Line Items]
Loans	2,120,309	1,904,132
ACL Allocation	30,548	35,237	8,139	8,126	5,070
Commercial
Servicing Asset at Amortized Cost [Line Items]
Loans	2,006,876	1,559,546
ACL Allocation	21,632	37,554	12,369	12,369	8,554
Consumer
Servicing Asset at Amortized Cost [Line Items]
Loans	11,998	13,000
ACL Allocation	233	371	$ 122	$ 122	$ 19
Real Estate
Servicing Asset at Amortized Cost [Line Items]
Loans	20,673	25,088
Real Estate \| Real Estate \| Residential Real Estate \| 1 - 4 family residential
Servicing Asset at Amortized Cost [Line Items]
Loans	0	199
Real Estate \| Real Estate \| Commercial Real Estate \| NOOCRE
Servicing Asset at Amortized Cost [Line Items]
Loans	17,908	16,080
Real Estate \| Commercial
Servicing Asset at Amortized Cost [Line Items]
Loans	1,702	8,666
Real Estate \| Consumer
Servicing Asset at Amortized Cost [Line Items]
Loans	1,063	143
Collateral Pledged
Servicing Asset at Amortized Cost [Line Items]
ACL Allocation	7,808	4,729
Collateral Pledged \| Real Estate \| Residential Real Estate \| 1 - 4 family residential
Servicing Asset at Amortized Cost [Line Items]
ACL Allocation	0	11
Collateral Pledged \| Real Estate \| Commercial Real Estate \| NOOCRE
Servicing Asset at Amortized Cost [Line Items]
ACL Allocation	7,808	0
Collateral Pledged \| Commercial
Servicing Asset at Amortized Cost [Line Items]
ACL Allocation	0	4,668
Collateral Pledged \| Consumer
Servicing Asset at Amortized Cost [Line Items]
ACL Allocation	$ 0	$ 50

LHI and ACL - Nonaccrual (Details) - USD ($)	12 Months Ended
LHI and ACL - Nonaccrual (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Loans and Allowance for Loan Losses
Nonaccrual	$ 49,687,000	$ 81,096,000
Nonaccrual With No ACL	20,428,000	30,292,000
Financing receivable, nonaccrual, interest income	2,718,000	3,368,000
Commercial
Loans and Allowance for Loan Losses
Nonaccrual	15,267,000	29,318,000
Nonaccrual With No ACL	4,207,000	1,015,000
Consumer
Loans and Allowance for Loan Losses
Nonaccrual	1,216,000	1,374,000
Nonaccrual With No ACL	1,216,000	1,220,000
1 - 4 family residential \| Residential Real Estate \| Real Estate
Loans and Allowance for Loan Losses
Nonaccrual	990,000	3,308,000
Nonaccrual With No ACL	990,000	3,199,000
OOCRE \| Commercial Real Estate \| Real Estate
Loans and Allowance for Loan Losses
Nonaccrual	14,236,000	6,266,000
Nonaccrual With No ACL	13,824,000	5,645,000
NOOCRE \| Commercial Real Estate \| Real Estate
Loans and Allowance for Loan Losses
Nonaccrual	17,978,000	40,830,000
Nonaccrual With No ACL	191,000	19,213,000
PCD Loans
Loans and Allowance for Loan Losses
Financing receivable, nonaccrual, interest income	$ 11,056,000	$ 1,508,000

LHI and ACL - Trouble Debt Restructuring (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) loan	Dec. 31, 2020 USD ($) loan
Troubled Debt Restructuring
Recorded investment in TDRs	$ 25,518	$ 29,157
Adjusted Payment Structure		6,745
Payment Deferrals		20,799
Total Modifications		$ 27,544
Number of Loans \| loan	1	13
Loans modified as TDR \| loan	0	0
Interest income that would have been recorded if there was no modification	$ 778	$ 1,537
Commercial Real Estate \| OOCRE
Troubled Debt Restructuring
Adjusted Payment Structure		5,326
Payment Deferrals		0
Total Modifications		$ 5,326
Number of Loans \| loan		5
Commercial Real Estate \| NOOCRE
Troubled Debt Restructuring
Adjusted Payment Structure		$ 0
Payment Deferrals		19,454
Total Modifications		$ 19,454
Number of Loans \| loan		4
Commercial
Troubled Debt Restructuring
Adjusted Payment Structure		$ 1,419
Payment Deferrals		1,345
Total Modifications		$ 2,764
Number of Loans \| loan		4

LHI and ACL - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Credit Quality Indicators
Year One	$ 1,867,749	$ 1,116,342
Year Two	1,253,303	1,000,872
Year Three	673,838	1,191,171
Year Four	794,157	357,775
Year Five	235,569	426,762
Prior	868,776	830,986
Revolving Loans Amortized Cost Basis	1,587,758	1,472,497
Revolving Loans Converted to Term	59,993	31,519
Total	7,341,143	6,427,924
Deferred loan fees, net	(9,489)	(2,468)
Pass
Credit Quality Indicators
Year One	1,841,709	1,112,617
Year Two	1,241,076	950,257
Year Three	662,869	1,049,368
Year Four	647,461	308,163
Year Five	202,918	349,349
Prior	708,994	682,267
Revolving Loans Amortized Cost Basis	1,561,600	1,398,329
Revolving Loans Converted to Term	52,573	16,368
Total	6,919,200	5,866,718
Special mention
Credit Quality Indicators
Year One	10,378	1,407
Year Two	4,547	36,278
Year Three	2,886	84,021
Year Four	66,204	33,756
Year Five	17,488	40,083
Prior	58,918	45,356
Revolving Loans Amortized Cost Basis	3,482	27,415
Revolving Loans Converted to Term	3,078	3,670
Total	166,981	271,986
Substandard
Credit Quality Indicators
Year One	15,662	2,318
Year Two	6,303	14,337
Year Three	8,083	39,038
Year Four	66,557	12,438
Year Five	6,787	18,531
Prior	66,459	32,069
Revolving Loans Amortized Cost Basis	22,676	46,753
Revolving Loans Converted to Term	4,342	11,481
Total	196,869	176,965
PCD
Credit Quality Indicators
Year One	0	0
Year Two	1,377	0
Year Three	0	18,744
Year Four	13,935	3,418
Year Five	8,376	18,799
Prior	34,405	71,294
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	58,093	112,255
Commercial
Credit Quality Indicators
Year One	453,833	253,032
Year Two	195,554	165,184
Year Three	131,233	144,430
Year Four	95,545	67,921
Year Five	47,275	32,434
Prior	65,164	57,986
Revolving Loans Amortized Cost Basis	992,211	816,214
Revolving Loans Converted to Term	26,061	22,345
Total	2,006,876	1,559,546
Commercial \| Pass
Credit Quality Indicators
Year One	430,213	251,004
Year Two	187,370	158,158
Year Three	124,798	112,961
Year Four	65,186	50,734
Year Five	40,254	19,821
Prior	52,491	41,856
Revolving Loans Amortized Cost Basis	968,229	758,832
Revolving Loans Converted to Term	19,130	13,400
Total	1,887,671	1,406,766
Commercial \| Special mention
Credit Quality Indicators
Year One	7,958	1,306
Year Two	2,341	2,539
Year Three	149	8,224
Year Four	15,136	10,033
Year Five	1,069	1,201
Prior	3,368	2,165
Revolving Loans Amortized Cost Basis	3,482	26,922
Revolving Loans Converted to Term	2,589	3,670
Total	36,092	56,060
Commercial \| Substandard
Credit Quality Indicators
Year One	15,662	722
Year Two	5,843	4,487
Year Three	6,286	23,245
Year Four	14,908	3,772
Year Five	4,167	7,216
Prior	2,779	2,083
Revolving Loans Amortized Cost Basis	20,500	30,460
Revolving Loans Converted to Term	4,342	5,275
Total	74,487	77,260
Commercial \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	315	3,382
Year Five	1,785	4,196
Prior	6,526	11,882
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	8,626	19,460
Mortgage warehouse
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	565,395	577,594
Revolving Loans Converted to Term	250	0
Total	565,645	577,594
Mortgage warehouse \| Pass
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	564,850	577,594
Revolving Loans Converted to Term	250	0
Total	565,100	577,594
Mortgage warehouse \| Substandard
Credit Quality Indicators
Year One	0
Year Two	0
Year Three	0
Year Four	0
Year Five	0
Prior	0
Revolving Loans Amortized Cost Basis	545
Revolving Loans Converted to Term	0
Total	545
Consumer
Credit Quality Indicators
Year One	3,362	2,489
Year Two	1,566	1,216
Year Three	534	1,038
Year Four	408	3,995
Year Five	3,043	912
Prior	990	812
Revolving Loans Amortized Cost Basis	2,070	2,538
Revolving Loans Converted to Term	25	0
Total	11,998	13,000
Consumer \| Pass
Credit Quality Indicators
Year One	3,362	2,489
Year Two	1,566	1,216
Year Three	512	1,038
Year Four	408	3,899
Year Five	2,777	887
Prior	784	353
Revolving Loans Amortized Cost Basis	1,006	1,475
Revolving Loans Converted to Term	25	0
Total	10,440	11,357
Consumer \| Special mention
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	65	25
Prior	14	227
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	79	252
Consumer \| Substandard
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	22	0
Year Four	0	60
Year Five	177	0
Prior	39	66
Revolving Loans Amortized Cost Basis	1,064	1,063
Revolving Loans Converted to Term	0	0
Total	1,302	1,189
Consumer \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	36
Year Five	24	0
Prior	153	166
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	177	202
Construction and Land \| Real Estate
Credit Quality Indicators
Year One	389,420	155,358
Year Two	454,855	282,497
Year Three	116,855	182,548
Year Four	57,949	11,791
Year Five	5,741	9,938
Prior	31,530	29,832
Revolving Loans Amortized Cost Basis	4,631	21,066
Revolving Loans Converted to Term	1,163	0
Total	1,062,144	693,030
Construction and Land \| Real Estate \| Pass
Credit Quality Indicators
Year One	389,420	155,358
Year Two	453,262	282,497
Year Three	116,855	179,372
Year Four	57,637	11,791
Year Five	5,741	9,938
Prior	29,182	27,147
Revolving Loans Amortized Cost Basis	4,631	21,066
Revolving Loans Converted to Term	1,163	0
Total	1,057,891	687,169
Construction and Land \| Real Estate \| Special mention
Credit Quality Indicators
Year One	0	0
Year Two	1,593	0
Year Three	0	2,666
Year Four	312	0
Year Five	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	1,905	2,666
Construction and Land \| Real Estate \| Substandard
Credit Quality Indicators
Year One		0
Year Two		0
Year Three		510
Year Four		0
Year Five		0
Prior		0
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term		0
Total		510
Construction and Land \| Real Estate \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	2,348	2,685
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	2,348	2,685
Farmland \| Real Estate
Credit Quality Indicators
Year One	16,849	867
Year Two	28,655	972
Year Three	27	3,367
Year Four	3,367	3,688
Year Five	2,957	0
Prior	2,643	3,656
Revolving Loans Amortized Cost Basis	1,329	1,294
Revolving Loans Converted to Term	0	0
Total	55,827	13,844
Farmland \| Real Estate \| Pass
Credit Quality Indicators
Year One	16,849	867
Year Two	28,655	972
Year Three	27	3,367
Year Four	3,367	3,688
Year Five	2,957	0
Prior	2,643	3,656
Revolving Loans Amortized Cost Basis	1,329	1,294
Revolving Loans Converted to Term	0	0
Total	55,827	13,844
Residential Real Estate \| Single Family \| Real Estate
Credit Quality Indicators
Year One	191,333	120,580
Year Two	101,377	80,694
Year Three	54,826	92,186
Year Four	59,861	50,766
Year Five	27,824	31,936
Prior	88,094	125,225
Revolving Loans Amortized Cost Basis	13,226	19,989
Revolving Loans Converted to Term	6,025	2,968
Total	542,566	524,344
Residential Real Estate \| Single Family \| Real Estate \| Pass
Credit Quality Indicators
Year One	191,333	120,580
Year Two	101,377	79,617
Year Three	54,826	91,890
Year Four	59,861	49,338
Year Five	27,743	31,936
Prior	85,661	115,797
Revolving Loans Amortized Cost Basis	12,659	19,065
Revolving Loans Converted to Term	6,025	2,968
Total	539,485	511,191
Residential Real Estate \| Single Family \| Real Estate \| Special mention
Credit Quality Indicators
Year One	0	0
Year Two	0	1,077
Year Three	0	154
Year Four	0	760
Year Five	0	0
Prior	352	687
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	352	2,678
Residential Real Estate \| Single Family \| Real Estate \| Substandard
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	142
Year Four	0	668
Year Five	81	0
Prior	903	0
Revolving Loans Amortized Cost Basis	567	924
Revolving Loans Converted to Term	0	0
Total	1,551	1,734
Residential Real Estate \| Single Family \| Real Estate \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	1,178	8,741
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	1,178	8,741
Residential Real Estate \| Multi-family residential \| Real Estate
Credit Quality Indicators
Year One	67,979	107,332
Year Two	59,239	106,559
Year Three	54,321	152,401
Year Four	89,818	18,722
Year Five	11,815	32,672
Prior	27,020	7,218
Revolving Loans Amortized Cost Basis	49	58
Revolving Loans Converted to Term	0	0
Total	310,241	424,962
Residential Real Estate \| Multi-family residential \| Real Estate \| Pass
Credit Quality Indicators
Year One	67,979	107,332
Year Two	59,239	106,559
Year Three	54,321	139,721
Year Four	68,531	18,722
Year Five	11,815	32,672
Prior	27,020	7,218
Revolving Loans Amortized Cost Basis	49	58
Revolving Loans Converted to Term	0	0
Total	288,954	412,282
Residential Real Estate \| Multi-family residential \| Real Estate \| Special mention
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	12,680
Year Four	21,287	0
Year Five	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	21,287	12,680
Commercial Real Estate \| OOCRE \| Real Estate
Credit Quality Indicators
Year One	116,833	114,111
Year Two	113,305	66,210
Year Three	58,016	109,244
Year Four	98,552	86,784
Year Five	62,269	111,328
Prior	210,611	217,856
Revolving Loans Amortized Cost Basis	2,986	5,733
Revolving Loans Converted to Term	2,965	6,206
Total	665,537	717,472
Commercial Real Estate \| OOCRE \| Real Estate \| Pass
Credit Quality Indicators
Year One	114,413	113,741
Year Two	111,516	65,262
Year Three	56,964	75,940
Year Four	73,112	79,253
Year Five	54,921	79,202
Prior	174,500	176,668
Revolving Loans Amortized Cost Basis	2,986	5,532
Revolving Loans Converted to Term	2,965	0
Total	591,377	595,598
Commercial Real Estate \| OOCRE \| Real Estate \| Special mention
Credit Quality Indicators
Year One	2,420	0
Year Two	0	948
Year Three	1,052	22,725
Year Four	0	3,701
Year Five	0	12,860
Prior	6,232	4,326
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	9,704	44,560
Commercial Real Estate \| OOCRE \| Real Estate \| Substandard
Credit Quality Indicators
Year One	0	370
Year Two	412	0
Year Three	0	10,579
Year Four	25,440	3,830
Year Five	781	11,315
Prior	10,259	6,822
Revolving Loans Amortized Cost Basis	0	201
Revolving Loans Converted to Term	0	6,206
Total	36,892	39,323
Commercial Real Estate \| OOCRE \| Real Estate \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	1,377	0
Year Three	0	0
Year Four	0	0
Year Five	6,567	7,951
Prior	19,620	30,040
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	27,564	37,991
Commercial Real Estate \| NOOCRE \| Real Estate
Credit Quality Indicators
Year One	628,140	362,573
Year Two	298,752	297,540
Year Three	258,026	505,957
Year Four	388,657	114,108
Year Five	74,645	207,542
Prior	442,724	388,401
Revolving Loans Amortized Cost Basis	5,861	28,011
Revolving Loans Converted to Term	23,504	0
Total	2,120,309	1,904,132
Commercial Real Estate \| NOOCRE \| Real Estate \| Pass
Credit Quality Indicators
Year One	628,140	361,246
Year Two	298,091	255,976
Year Three	254,566	445,079
Year Four	319,359	90,738
Year Five	56,710	174,893
Prior	336,713	309,572
Revolving Loans Amortized Cost Basis	5,861	13,413
Revolving Loans Converted to Term	23,015	0
Total	1,922,455	1,650,917
Commercial Real Estate \| NOOCRE \| Real Estate \| Special mention
Credit Quality Indicators
Year One	0	101
Year Two	613	31,714
Year Three	1,685	37,572
Year Four	29,469	19,262
Year Five	16,354	25,997
Prior	48,952	37,951
Revolving Loans Amortized Cost Basis	0	493
Revolving Loans Converted to Term	489	0
Total	97,562	153,090
Commercial Real Estate \| NOOCRE \| Real Estate \| Substandard
Credit Quality Indicators
Year One	0	1,226
Year Two	48	9,850
Year Three	1,775	4,562
Year Four	26,209	4,108
Year Five	1,581	0
Prior	52,479	23,098
Revolving Loans Amortized Cost Basis	0	14,105
Revolving Loans Converted to Term	0	0
Total	82,092	56,949
Commercial Real Estate \| NOOCRE \| Real Estate \| PCD
Credit Quality Indicators
Year One	0	0
Year Two	0	0
Year Three	0	18,744
Year Four	13,620	0
Year Five	0	6,652
Prior	4,580	17,780
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Total	18,200	43,176
PCD Loans \| PCD
Credit Quality Indicators
Total	58,093	112,255
PCD Loans \| Commercial \| PCD
Credit Quality Indicators
Total	8,626	19,460
PCD Loans \| Mortgage warehouse \| PCD
Credit Quality Indicators
Total	0	0
PCD Loans \| Consumer \| PCD
Credit Quality Indicators
Total	177	202
PCD Loans \| Construction and Land \| Real Estate \| PCD
Credit Quality Indicators
Total	2,348	2,685
PCD Loans \| Farmland \| Real Estate \| PCD
Credit Quality Indicators
Total	0	0
PCD Loans \| Residential Real Estate \| Single Family \| Real Estate \| PCD
Credit Quality Indicators
Total	1,178	8,741
PCD Loans \| Residential Real Estate \| Multi-family residential \| Real Estate \| PCD
Credit Quality Indicators
Total	0	0
PCD Loans \| Commercial Real Estate \| OOCRE \| Real Estate \| PCD
Credit Quality Indicators
Total	27,564	37,991
PCD Loans \| Commercial Real Estate \| NOOCRE \| Real Estate \| PCD
Credit Quality Indicators
Total	$ 18,200	$ 43,176

LHI and ACL - Servicing Assets (Details) - USD ($)	12 Months Ended
LHI and ACL - Servicing Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Servicing Asset at Amortized Cost [Line Items]
Servicing asset	$ 509,977,000	$ 264,019,000
Summary of changes in related servicing assets
Balance at beginning of year	3,363,000	3,113,000
Servicing assets acquired through acquisition	13,913,000	0
Increase from loan sales	1,330,000	1,121,000
Servicing asset impairment, net of recoveries	(71,000)	(368,000)
Amortization charged as a reduction to income	(830,000)	(503,000)
Balance at year-end	17,705,000	3,363,000	$ 3,113,000
Valuation allowance recorded	628,000	556,000
Proceeds from sale of loans	112,606,000	125,375,000	34,483,000
Gain on sale of loans	1,592,000	1,239,000	475,000
Small Business Administration Loans
Summary of changes in related servicing assets
Proceeds from sale of loans	40,001,000	41,488,000	64,830,000
Gain on sale of loans	4,911,000	3,379,000	$ 4,388,000
Interest-Only-Strip
Summary of changes in related servicing assets
Interest receivable	$ 0	$ 0

Bank Premises, Furniture and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	$ 130,830	$ 133,499
Less accumulated depreciation and amortization	21,559	18,436
Bank premises, furniture and equipment, net	109,271	115,063
Depreciation	3,123	4,535	$ 3,911
Building and improvements
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	53,955	61,035
Site improvements
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	2,903	3,303
Tenant improvements
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	779	779
Leasehold improvements
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	7,358	5,923
Land
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	38,709	44,078
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	25,662	17,751
Construction in progress
Property, Plant and Equipment [Line Items]
Bank premises, furniture and equipment, gross	$ 1,464	$ 630

Leases - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease, right-of-use asset	$ 17,060	$ 14,875
Total lease liability	$ 18,023	$ 15,601
Operating lease, right of use asset, balance sheet location [Extensible List]	Other assets	Other assets
Operating lease liability, balance sheet location [Extensible List]	Accounts payable and other liabilities	Accounts payable and other liabilities
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	1 year
Extension options (in years)	5 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	8 years
Extension options (in years)	10 years

Leases - Lease Costs and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 4,298	$ 4,131
Variable lease cost	641	810
Net lease cost	4,939	4,941
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,051	$ 3,994
Weighted-average remaining lease term - operating leases, in years	6 years	3 years 3 months 18 days
Weighted-average discount rate - operating leases	1.94%	1.56%

Leases - Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Within one year	$ 4,107
After one but within two years	3,879
After two but within three years	3,478
After three but within four years	2,637
After four but within five years	1,680
After five years	3,991
Total undiscounted cash flows	19,772
Less: Discount on cash flows	(1,749)
Total lease liability	$ 18,023	$ 15,601

Intangible Assets - Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Net [Abstract]
Gross Intangible Asset	$ 108,638	$ 93,395
Valuation Allowance	627	556
Accumulated amortization	41,994	31,106
Net intangible assets	66,017	61,733
Amortization of intangible assets	10,057	10,790	$ 10,887
Amortization of Intangible Assets, Occupancy and Equipment, and Other Income
Finite-Lived Intangible Assets, Net [Abstract]
Amortization of intangible assets	$ 10,888	$ 11,297	$ 12,022
Core deposit intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Weighted amortization period	5 years	6 years
Gross Intangible Asset	$ 81,769	$ 81,769
Valuation Allowance	0	0
Accumulated amortization	33,771	24,011
Net intangible assets	$ 47,998	$ 57,758
Servicing asset
Finite-Lived Intangible Assets, Net [Abstract]
Weighted amortization period	7 years 2 months 12 days	7 years 4 months 24 days
Gross Intangible Asset	$ 22,090	$ 6,847
Valuation Allowance	627	556
Accumulated amortization	3,758	2,928
Net intangible assets	$ 17,705	$ 3,363
Intangible lease assets
Finite-Lived Intangible Assets, Net [Abstract]
Weighted amortization period	1 year 3 months 18 days	1 year 4 months 24 days
Gross Intangible Asset	$ 4,779	$ 4,779
Valuation Allowance	0	0
Accumulated amortization	4,465	4,167
Net intangible assets	$ 314	$ 612

Intangible Assets - Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Estimated aggregate future amortization expense [Abstract]
2022	$ 12,453
2023	12,262
2024	12,199
2025	11,863
2026	11,777
Thereafter	5,463
Net intangible assets	$ 66,017	$ 61,733

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Beginning Balance	$ 370,840	$ 370,840
North Avenue Capital, LLC acquisition (preliminary)	32,931	0
Ending Balance	$ 403,771	$ 370,840

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statistical Disclosure for Banks [Abstract]
Noninterest-bearing demand accounts	$ 2,510,723	$ 2,097,099
Interest-bearing demand accounts	579,406	453,111
Savings accounts	128,062	106,820
Limited access money market accounts	2,568,844	2,398,525
Certificates of deposit, greater than $250	651,345	827,594
Certificates of deposit, less than $250	925,235	629,697
Total deposits	$ 7,363,615	$ 6,512,846

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statistical Disclosure for Banks [Abstract]
2022	$ 1,017,162
2023	523,160
2024	21,234
2025	11,200
2026	3,824
Total	$ 1,576,580	$ 1,457,291

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statistical Disclosure for Banks [Abstract]
Demand deposit overdrafts reclassified as loans	$ 2,128	$ 106
Brokered deposits	$ 182,303	$ 199,801

Advances from the FHLB - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Advances from FHLB	$ 777,562	$ 777,718
Availability to borrow additional funds	$ 777,466
Weighted Average
Debt Instrument [Line Items]
Advances from Federal Home Loan Bank, weighted average rate	0.94%

Advances from the FHLB - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Advances from Federal Home Loan Banks [Abstract]
2022	$ 27,562
2025 and thereafter	750,000
Advances from FHLB	$ 777,562	$ 777,718

Other Credit Extensions (Details)	Dec. 31, 2021 USD ($) facility	Dec. 31, 2020 USD ($) facility
Federal Funds Credit Extensions With Commercial Banks
Other Credit Extensions
Number of credit facilities \| facility	5	5
Maximum available borrowings	$ 175,000,000	$ 175,000,000
Outstanding borrowings	0	0
Federal Reserve Bank Secured Line Of Credit
Other Credit Extensions
Maximum available borrowings	995,139,000	871,485,000
Outstanding borrowings	0	0
Amounts of commercial loans pledged as collateral	$ 805,747,000	$ 94,222,000

Borrowed Funds - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Subordinated debentures and subordinated notes	$ 227,764	$ 262,778
Junior Subordinated Debt
Debt Instrument [Line Items]
Subordinated debentures and subordinated notes	30,465	30,244
Unamortized discount (premium), net	3,403	3,624
Subordinated Debt
Debt Instrument [Line Items]
Subordinated debentures and subordinated notes	197,299	232,534
Unamortized discount (premium), net	0	(1,038)
Debt issuance costs, net	$ 2,701	$ 3,504

Borrowed Funds - Narrative (Details)					1 Months Ended	12 Months Ended
Borrowed Funds - Narrative (Details)	Sep. 28, 2021 USD ($) shares	Oct. 05, 2020 USD ($)	Nov. 08, 2019 USD ($)	Jan. 01, 2019 USD ($)	Jan. 31, 2019	Dec. 31, 2021 USD ($) quarter	Dec. 31, 2020 USD ($) shares	Dec. 31, 2013 USD ($) $ / shares shares	Aug. 01, 2017 USD ($)
Affiliated Entity \| Subordinated Debt
Debt Instrument [Line Items]
Face amount of subordinated notes issued to related party								$ 5,000,000
Fixed rate (as a percent)								6.00%
Number of shares that warrants issued to related party may be converted into (in shares) \| shares								25,000,000
Exercise price of warrants issued to related party (in dollars per share) \| $ / shares								$ 11.00
Price used to calculate fair value of warrants issued to related party (in dollars per share) \| $ / shares								$ 0.80
Number of warrants exercised (in shares) \| shares	15,000						10,000
Fair value of warrants exercised	$ 165,000						$ 110,000
Parkway Trust Securities
Debt Instrument [Line Items]
Distribution effective rate (as a percent)						2.05%	2.07%
Parkway Trust Securities \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable distribution rate (as a percent)						1.85%
Parkway Trust Securities \| Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount						$ 3,093,000
SovDallas Trust Securities \| Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount									$ 8,609,000
Debt instrument, effective percentage						4.13%	4.23%
SovDallas Trust Securities \| Junior Subordinated Debt \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest on securities, addition to LIBOR						4.00%
Patriot I Trust Securities \| Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 5,155,000
Debt instrument, effective percentage						1.97%	2.09%
Patriot I Trust Securities \| Junior Subordinated Debt \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate						1.85%
Patriot II Trust Securities \| Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount				17,011,000
Debt instrument, effective percentage						2.00%	2.02%
Patriot II Trust Securities \| Junior Subordinated Debt \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate						1.80%
The 8.50% Fixed-to-Floating Notes \| Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 35,000,000
Interest rate, stated percentage				8.50%
Redemption price, percentage					100.00%
The 8.50% Fixed-to-Floating Notes \| Subordinated Debt \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate				6.685%
2019 Notes \| Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount			$ 75,000,000
Basis spread on variable rate						3.47%
Interest rate, stated percentage			4.75%
Redemption price, percentage			100.00%
2020 Notes \| Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 125,000,000
Interest rate, stated percentage		4.125%
2020 Notes \| Subordinated Debt \| Overnight Funding Rate
Debt Instrument [Line Items]
Basis spread on variable rate		3.995%
Maximum \| Parkway Trust Securities
Debt Instrument [Line Items]
Interest distribution quarterly periods \| quarter						20

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income tax expense (benefit):
Current	$ 32,075	$ 23,587	$ 16,068
Deferred	4,647	(9,384)	9,053
Total income tax expense	$ 36,722	$ 14,203	$ 25,121

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Reconciliation of Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Federal income tax expense rate at 21% for December 31, 2021, 2020 and 2019	$ 37,024	$ 18,498	$ 24,330
Bank-owned life insurance	(852)	(407)	(422)
Non-deductible transaction costs	78	0	308
Tax exempt interest income	(545)	(452)	(391)
Impact of IRS Settlement	0	0	(1,556)
Deferred tax true up	24	(1,181)	0
162(m) Disallowance	504	65	1,512
State Taxes	1,039	902	760
Excess benefit on share-based compensation	(838)	(1,435)	205
Net Operating Loss ("NOL") Carryback	0	(1,799)	0
Other	288	12	375
Total income tax expense	$ 36,722	$ 14,203	$ 25,121
Effective tax rate (in percent)	20.80%	16.10%	21.70%

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
ACL	$ 18,274	$ 24,324
Equity compensation	4,111	3,390
Purchase premium/loan discounts	1,555	2,945
Bonuses	3,036	1,437
Lease liability	3,785	3,276
Deferred fee income	1,967	65
Purchase securities	2,507	2,905
Other	1,317	2,399
Total deferred tax assets	36,552	40,741
Deferred tax liabilities:
Intangibles	10,372	11,911
Bank premises and equipment	5,773	4,036
ROU asset	3,583	3,124
Net unrealized gain on AFS debt securities and derivative instruments	17,030	14,944
Other	1,864	2,063
Total deferred tax liabilities	38,622	36,078
Net deferred tax (liability) asset	$ (2,070)
Net deferred tax (liability) asset		$ 4,663

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Taxes payable, current	$ 806	$ 270
Other Assets
Operating Loss Carryforwards [Line Items]
Current tax receivable	9,366	25,520
Deferred tax asset	$ 2,070	$ 4,663

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at the beginning of the year:	$ 549	$ 0	$ 0
Gross increases, related to tax positions taken in a prior period	0	281	2,155
Gross decreases, related to tax positions taken in a prior period	(101)	0	0
Gross increases, related to tax positions taken in current period	55	268	0
Settlement with taxing authority	0	0	(2,155)
Unrecognized tax benefits at the end of the year	$ 503	$ 549	$ 0

Fair Value Disclosures - Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
AFS debt securities	$ 993,058	$ 1,024,329
Equity securities with a readily determinable fair value	11,038	11,363
PPP Loans	53,369	358,042
Derivative asset, fair value	9,181	28,482
Derivative liability, fair value	3,736	13,923
Derivatives designated as hedging instruments
Assets:
Derivative asset, fair value	7,001	17,543
Derivative liability, fair value	1,404	2,255
Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	4,789	10,938
Derivative liability, fair value	4,941	11,667
Recurring
Assets:
AFS debt securities	993,058	1,024,329
Equity securities with a readily determinable fair value	11,038	11,363
PPP Loans	53,369	358,042
Loans held for sale	9,867	6,681
Recurring \| Level 1
Assets:
AFS debt securities	0	0
Equity securities with a readily determinable fair value	11,038	11,363
PPP Loans	0	0
Loans held for sale	0	0
Recurring \| Level 2
Assets:
AFS debt securities	993,058	1,024,329
Equity securities with a readily determinable fair value	0	0
PPP Loans	53,369	358,042
Loans held for sale	9,867	6,681
Recurring \| Level 3
Assets:
AFS debt securities	0	0
Equity securities with a readily determinable fair value	0	0
PPP Loans	0	0
Loans held for sale	0	0
Interest rate swap \| Recurring \| Derivatives designated as hedging instruments
Assets:
Derivative asset, fair value	7,001	17,543
Derivative liability, fair value	1,404	2,255
Interest rate swap \| Recurring \| Level 1 \| Derivatives designated as hedging instruments
Assets:
Derivative asset, fair value	0	0
Derivative liability, fair value	0	0
Interest rate swap \| Recurring \| Level 2 \| Derivatives designated as hedging instruments
Assets:
Derivative asset, fair value	7,001	17,543
Derivative liability, fair value	1,404	2,255
Interest rate swap \| Recurring \| Level 3 \| Derivatives designated as hedging instruments
Assets:
Derivative asset, fair value	0	0
Derivative liability, fair value	0	0
Interest rate swap \| Financial institution counterparty \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1,527	0
Derivative liability, fair value	3,498	11,666
Interest rate swap \| Financial institution counterparty \| Recurring \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1,527
Derivative liability, fair value	3,498	11,666
Interest rate swap \| Financial institution counterparty \| Recurring \| Level 1 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0
Derivative liability, fair value	0	0
Interest rate swap \| Financial institution counterparty \| Recurring \| Level 2 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1,527
Derivative liability, fair value	3,498	11,666
Interest rate swap \| Financial institution counterparty \| Recurring \| Level 3 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0
Derivative liability, fair value	0	0
Interest rate swap \| Commercial customer counterparty \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	3,261	10,937
Derivative liability, fair value	1,442	0
Interest rate swap \| Commercial customer counterparty \| Recurring \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	3,261	10,937
Interest rate swap \| Commercial customer counterparty \| Recurring \| Level 1 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0	0
Interest rate swap \| Commercial customer counterparty \| Recurring \| Level 2 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	3,261	10,937
Interest rate swap \| Commercial customer counterparty \| Recurring \| Level 3 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0	0
Interest rate caps and collars \| Financial institution counterparty \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0	1
Derivative liability, fair value	1	0
Interest rate caps and collars \| Financial institution counterparty \| Recurring \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value		1
Derivative liability, fair value	1
Interest rate caps and collars \| Financial institution counterparty \| Recurring \| Level 1 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value		0
Derivative liability, fair value	0
Interest rate caps and collars \| Financial institution counterparty \| Recurring \| Level 2 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value		1
Derivative liability, fair value	1
Interest rate caps and collars \| Financial institution counterparty \| Recurring \| Level 3 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value		0
Derivative liability, fair value	0
Interest rate caps and collars \| Commercial customer counterparty \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1	0
Derivative liability, fair value	0	1
Interest rate caps and collars \| Commercial customer counterparty \| Recurring \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1
Derivative liability, fair value	1,442	1
Interest rate caps and collars \| Commercial customer counterparty \| Recurring \| Level 1 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0
Derivative liability, fair value	0	0
Interest rate caps and collars \| Commercial customer counterparty \| Recurring \| Level 2 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	1
Derivative liability, fair value	1,442	1
Interest rate caps and collars \| Commercial customer counterparty \| Recurring \| Level 3 \| Derivatives not designated as hedging instruments
Assets:
Derivative asset, fair value	0
Derivative liability, fair value	$ 0	$ 0

Fair Value Disclosures - Non-recurring Basis (Details) - Non-recurring - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets:
Collateral dependent loans with an ACL	$ 10,100,000	$ 2,386,000
Servicing assets with a valuation allowance	3,223,000	2,975,000
Collateral dependent loans with an ACL, gross	17,908,000	7,115,000
Impaired loans, specific allowance	7,808,000	4,729,000
Servicing asset at fair value, gross	3,850,000	3,531,000
Valuation allowance for servicing asset	627,000	556,000
Liabilities measured at fair value	0	0
Level 1
Assets:
Collateral dependent loans with an ACL	0	0
Servicing assets with a valuation allowance	0	0
Level 2
Assets:
Collateral dependent loans with an ACL	0	0
Servicing assets with a valuation allowance	0	0
Level 3
Assets:
Collateral dependent loans with an ACL	10,100,000	2,386,000
Servicing assets with a valuation allowance	$ 3,223,000	$ 2,975,000

Fair Value Disclosures - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Held-to-maturity debt securities	$ 61,446	$ 34,283
Securities purchased under agreement to resell	102,288	0
Equity securities without a readily determinable fair value	4,355	3,575
FHLB and FRB stock	71,892	71,236
Financial liabilities:
Subordinated debentures and subordinated notes	227,764	262,778
Securities sold under agreement to repurchase	4,069	2,225
Carrying Amount
Financial assets:
Cash and cash equivalents	379,784	230,825
Held-to-maturity debt securities	59,436	30,872
Securities purchased under agreement to resell	102,288
Loans held for sale	16,140	14,733
Accrued interest receivable	22,008	23,798
Bank-owned life insurance	83,194	82,855
Servicing asset	14,482	388
Equity securities without a readily determinable fair value	4,355	3,575
FHLB and FRB stock	71,892	71,236
Financial liabilities:
Deposits	7,363,615	6,512,846
Advances from FHLB	777,562	77,718
Accrued interest payable	1,507	2,665
Subordinated debentures and subordinated notes	227,764	262,778
Securities sold under agreement to repurchase	4,069	2,225
Level 1 \| Total Fair Value
Financial assets:
Cash and cash equivalents	0	0
Held-to-maturity debt securities	0	0
Securities purchased under agreement to resell	0
Loans held for sale	0	0
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Servicing asset	0	0
Financial liabilities:
Deposits	0	0
Advances from FHLB	0	0
Accrued interest payable	0	0
Subordinated debentures and subordinated notes	0	0
Securities sold under agreement to repurchase	0	0
Level 2 \| Total Fair Value
Financial assets:
Cash and cash equivalents	379,784	230,825
Held-to-maturity debt securities	61,446	34,283
Securities purchased under agreement to resell	102,288
Loans held for sale	16,140	14,733
Accrued interest receivable	22,008	23,798
Bank-owned life insurance	83,194	82,855
Servicing asset	14,482	486
Financial liabilities:
Deposits	7,145,175	6,608,849
Advances from FHLB	796,480	782,321
Accrued interest payable	1,507	2,665
Subordinated debentures and subordinated notes	227,764	262,778
Securities sold under agreement to repurchase	4,026	2,199
Level 3 \| Total Fair Value
Financial assets:
Cash and cash equivalents	0	0
Held-to-maturity debt securities	0	0
Securities purchased under agreement to resell	0
Loans held for sale	0	0
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Servicing asset	0	0
Financial liabilities:
Deposits	0	0
Advances from FHLB	0	0
Accrued interest payable	0	0
Subordinated debentures and subordinated notes	0	0
Securities sold under agreement to repurchase	0	0
Real Estate, Commercial and Consumer Portfolio Segments \| Carrying Amount
Financial assets:
LHI	7,259,233	6,317,986
Real Estate, Commercial and Consumer Portfolio Segments \| Level 1 \| Total Fair Value
Financial assets:
LHI	0	0
Real Estate, Commercial and Consumer Portfolio Segments \| Level 2 \| Total Fair Value
Financial assets:
LHI	0	0
Real Estate, Commercial and Consumer Portfolio Segments \| Level 3 \| Total Fair Value
Financial assets:
LHI	$ 7,283,992	$ 6,335,402

Off-Balance Sheet Loan Commitments - Financial Instruments Approximate Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial instruments with off-balance sheet risk
Total commitments	$ 4,591,760	$ 3,142,601
Commitments to extend credit
Financial instruments with off-balance sheet risk
Total commitments	3,809,509	2,743,571
MW commitments
Financial instruments with off-balance sheet risk
Total commitments	716,370	354,603
Standby and commercial letters of credit
Financial instruments with off-balance sheet risk
Total commitments	$ 65,881	$ 44,427

Off-Balance Sheet Loan Commitments - Allowance for Unfunded Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Unfunded Commitments [Roll Forward]
Beginning balance for ACL on unfunded commitments	$ 10,747	$ 878
Impact of CECL adoption	0	840
(Benefit) provision for credit losses on unfunded commitments	(1,481)	9,029	$ 0
Ending balance of ACL on unfunded commitments	$ 9,266	$ 10,747	$ 878

Derivative Financial Instruments - Balance Sheet Information (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Derivative [Line Items]
Notional Amount	$ 1,468,406,000	$ 1,441,668,000
Asset Derivative
Gross derivatives	9,181,000	28,482,000
Offsetting derivative assets	(2,609,000)	1,000
Liability Derivative
Gross derivatives	3,736,000	13,923,000
Offsetting derivative liabilities	(2,609,000)	1,000
Derivatives designated as hedging instruments
Derivative [Line Items]
Notional Amount	625,000,000	750,000,000
Asset Derivative
Gross derivatives	7,001,000	17,543,000
Liability Derivative
Gross derivatives	1,404,000	2,255,000
Derivatives designated as hedging instruments \| Interest rate swap on borrowing advances
Derivative [Line Items]
Notional Amount	0	500,000,000
Asset Derivative
Gross derivatives	0	17,543,000
Liability Derivative
Gross derivatives	0	0
Derivatives designated as hedging instruments \| Interest rate swap on money market deposit account payments
Derivative [Line Items]
Notional Amount	250,000,000	250,000,000	$ 250,000
Asset Derivative
Gross derivatives	4,541,000	0
Liability Derivative
Gross derivatives	0	2,255,000
Derivatives designated as hedging instruments \| Interest rate swap on customer loan interest payments
Derivative [Line Items]
Notional Amount	125,000,000	0
Asset Derivative
Gross derivatives	0	0
Liability Derivative
Gross derivatives	867,000	0
Derivatives designated as hedging instruments \| Interest rate swap on customer loan interest payments
Derivative [Line Items]
Notional Amount	125,000,000	0
Asset Derivative
Gross derivatives	0	0
Liability Derivative
Gross derivatives	537,000	0
Derivatives designated as hedging instruments \| Interest rate swap on customer loan interest payments
Derivative [Line Items]
Notional Amount	125,000,000	0
Asset Derivative
Gross derivatives	2,460,000	0
Liability Derivative
Gross derivatives	0	0
Derivatives designated as hedging instruments \| Interest rate swaps
Derivative [Line Items]
Notional Amount			$ 500,000
Derivatives not designated as hedging instruments
Derivative [Line Items]
Notional Amount	843,406,000	691,668,000
Asset Derivative
Gross derivatives	4,789,000	10,938,000
Liability Derivative
Gross derivatives	4,941,000	11,667,000
Financial institution counterparty \| Derivatives not designated as hedging instruments \| Interest rate swaps
Derivative [Line Items]
Notional Amount	379,787,000	303,918,000
Asset Derivative
Gross derivatives	1,527,000	0
Liability Derivative
Gross derivatives	3,498,000	11,666,000
Financial institution counterparty \| Derivatives not designated as hedging instruments \| Interest rate caps and collars
Derivative [Line Items]
Notional Amount	41,916,000	41,916,000
Asset Derivative
Gross derivatives	0	1,000
Liability Derivative
Gross derivatives	1,000	0
Commercial customer counterparty \| Derivatives not designated as hedging instruments \| Interest rate swaps
Derivative [Line Items]
Notional Amount	379,787,000	303,918,000
Asset Derivative
Gross derivatives	3,261,000	10,937,000
Liability Derivative
Gross derivatives	1,442,000	0
Commercial customer counterparty \| Derivatives not designated as hedging instruments \| Interest rate caps and collars
Derivative [Line Items]
Notional Amount	41,916,000	41,916,000
Asset Derivative
Gross derivatives	1,000	0
Liability Derivative
Gross derivatives	$ 0	$ 1,000

Derivative Financial Instruments - AOCI Reclassification (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain (loss) recognized in other comprehensive income on derivative		$ 33,338	$ 11,265
Gain (loss) reclassified from accumulated other comprehensive income into income	$ 3,777		1,332
Interest rate swap on borrowing advances \| Interest Expense \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain (loss) recognized in other comprehensive income on derivative		26,357	13,859
Gain (loss) reclassified from accumulated other comprehensive income into income		0	0
Interest rate swap on money market deposit account payments \| Interest Expense \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain (loss) recognized in other comprehensive income on derivative		6,995	(1,781)
Gain (loss) reclassified from accumulated other comprehensive income into income		(803)	(605)
Interest rate swap on customer loan interest payments \| Interest Income \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain (loss) recognized in other comprehensive income on derivative		0	(813)
Gain (loss) reclassified from accumulated other comprehensive income into income		866	1,937
Interest rate swap on customer loan interest payments \| Interest Income \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gain (loss) recognized in other comprehensive income on derivative		(14)	0
Gain (loss) reclassified from accumulated other comprehensive income into income		3,714	0
Interest rate caps and collars \| Derivatives not designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gain recognized in other noninterest income		$ 1,913	$ 2,481

Derivative Financial Instruments - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 1,468,406,000	$ 1,441,668,000
Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	625,000,000	750,000,000
Interest rate swaps \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount			$ 500,000
Interest rate swap on money market deposit account payments \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 250,000,000	$ 250,000,000	$ 250,000

Employee Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Matching contributions to 401(k) profit sharing Plan	$ 3,755	$ 3,210

Stock and Incentive Plans - Narrative (Details)	12 Months Ended
Stock and Incentive Plans - Narrative (Details)	Dec. 31, 2021 USD ($) installment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2010 shares
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, installments \| installment	3
2010 Stock Option and Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) \| shares				1,000,000
Stock based compensation expense	$ 0	$ 0	$ 3,000
2019 Amended Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	8,614,000	6,080,000
Veritex (Green) 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 1,959,000	1,903,000
Restricted shares \| 2010 Stock Option and Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) \| shares				100,000
Term of continuous service for vesting awards (in years)	4 years
Stock option \| 2010 Stock Option and Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) \| shares				900,000
Term of continuous service for vesting awards (in years)	5 years
Contractual terms for non-controlling participants (in years)	10 years
Stock option \| 2019 Amended Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in dollars)	$ 803,000	2,470,000	2,948,000
Requisite service period to recognize compensation cost (in years)	7 months 13 days
Stock option \| Veritex (Green) 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in dollars)	$ 100,000	626,000	1,062,000
Requisite service period to recognize compensation cost (in years)	1 month 28 days
Performance-based stock options \| 2010 Stock Option and Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) \| shares				500,000
Restricted stock units \| 2019 Amended Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in dollars)	$ 10,413,000	8,222,000	4,329,000
Requisite service period to recognize compensation cost (in years)	1 year 9 months 21 days
Restricted stock units \| Veritex (Green) 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in dollars)	$ 1,252,000	2,484,000	1,991,000
Requisite service period to recognize compensation cost (in years)	1 year 2 months 1 day
Non-performance Based Stock Options \| 2010 Stock Option and Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in dollars)	$ 0	$ 0	$ 0

Stock and Incentive Plans - 2010 Plan - Options (Details) - Non-performance Based Stock Options - 2010 Stock Option and Equity Incentive Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shares Underlying Options
Outstanding at beginning of period (in shares)	20,000	257,500	275,000
Exercised (in shares)	(19,000)	(237,500)	(17,500)
Outstanding at the end of period (in shares)	1,000	20,000	257,500	275,000
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 10.09	$ 10.28	$ 10.12
Exercised (in dollars per share)	10.00	10.12	10.24
Outstanding at the end of period (in dollars per share)	$ 10.43	$ 10.09	$ 10.28	$ 10.12
Weighted Average Remaining Contractual Term
Outstanding at beginning of year, term (in years)	1 year 25 days	1 year 21 days	1 year 4 months 13 days	2 years 4 months 20 days
Exercisable, term (in years)	1 year 25 days
Aggregate Intrinsic Value
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 147

Stock and Incentive Plans - Stock Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
2019 Amended Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock based compensation expense	$ 8,614	$ 6,080
Veritex (Green) 2014 Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock based compensation expense	$ 1,959	$ 1,903

Stock and Incentive Plans - 2019 Amended Plan - Options (Details) - 2019 Amended Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Non-performance Based Stock Options
Shares Underlying Options
Outstanding at beginning of period (in shares)	975,801	849,768	449,520
Granted during the period (in shares)	500	185,025	200,561
Conversion to equity awards (in shares)			253,633
Forfeited (in shares)	(13,996)	(25,053)	(41,336)
Exercised (in shares)	(252,262)	(33,939)	(12,610)
Outstanding at the end of period (in shares)	710,043	975,801	849,768	449,520
Options exercisable at end of period (in shares)	403,726
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 24.26	$ 23.61	$ 24.47
Granted during the period (in dollars per share)	36.54	26.73	22.72
Conversion to equity awards (in dollars per share)			21.38
Forfeited (in dollars per share)	25.93	27.37	25.51
Exercised (in dollars per share)	23.87	19.10	15.42
Outstanding at the end of period (in dollars per share)	24.38	$ 24.26	$ 23.61	$ 24.47
Options exercisable at end of period (in dollars per share)	24.50
Weighted average fair value of options granted during the period (in dollars per share)	$ 36.54
Weighted Average Remaining Contractual Term
Outstanding at beginning of year, term (in years)	6 years 10 months 28 days	7 years 5 months 12 days	8 years 2 months 26 days	8 years 2 months 26 days
Exercisable, term (in years)	6 years 4 months 17 days
Aggregate Intrinsic Value
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 10,935
Options exercisable, intrinsic value	$ 6,171
Liability Nonperformance Based Stock Options
Shares Underlying Options
Outstanding at beginning of period (in shares)	0	0	0
Granted during the period (in shares)	0	0	253,633
Conversion to equity awards (in shares)			(253,633)
Forfeited (in shares)	0	0	0
Exercised (in shares)	0	0	0
Outstanding at the end of period (in shares)	0	0	0	0
Options exercisable at end of period (in shares)	0
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 0	$ 0	$ 0
Granted during the period (in dollars per share)	0	0	21.38
Conversion to equity awards (in dollars per share)			21.38
Forfeited (in dollars per share)	0	0	0
Exercised (in dollars per share)	0	0	0
Outstanding at the end of period (in dollars per share)	0	$ 0	$ 0	$ 0
Options exercisable at end of period (in dollars per share)	0
Weighted average fair value of options granted during the period (in dollars per share)	$ 0
Aggregate Intrinsic Value
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 0
Options exercisable, intrinsic value	$ 0

Stock and Incentive Plans - 2019 Amended Plan - Restricted Stock Units (Details) - 2019 Amended Plan - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
RSUs
Activity in shares
Nonvested at the beginning of the period (in shares)	441,132	175,688	133,455
Granted (in shares)	281,149	360,400	127,459
Conversion to equity awards (in shares)			165,739
Vested into shares (in shares)	(108,732)	(93,377)	(250,965)
Forfeited (in shares)	(15,498)	(1,579)
Nonvested at the end of the period (in shares)	598,051	441,132	175,688
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 20.39	$ 21.65	$ 19.67
Granted (in dollars per share)	28.68	20.38	22.44
Conversion to equity awards (in dollars per share)			21.38
Vested into shares (in dollars per share)	24.19	24.73	22.29
Forfeited (in dollars per share)	28.47	29.13
Nonvested at the end of the period (in dollars per share)	$ 23.39	$ 20.39	$ 21.65
Nonperformance based liability Restricted Stock Units
Activity in shares
Nonvested at the beginning of the period (in shares)	0	0	0
Granted (in shares)	0	0	165,739
Conversion to equity awards (in shares)			(165,739)
Vested into shares (in shares)	0	0	0
Forfeited (in shares)	0	0
Nonvested at the end of the period (in shares)	0	0	0
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 0	$ 0	$ 0
Granted (in dollars per share)	0	0	21.38
Conversion to equity awards (in dollars per share)			21.38
Vested into shares (in dollars per share)	0	0	0
Forfeited (in dollars per share)	0	0
Nonvested at the end of the period (in dollars per share)	$ 0	$ 0	$ 0
PSUs
Activity in shares
Nonvested at the beginning of the period (in shares)	100,195	63,727	63,988
Granted (in shares)	56,276	39,398	38,746
Conversion to equity awards (in shares)			32,249
Vested into shares (in shares)		(1,841)	(51,284)
Forfeited (in shares)		(1,089)	(19,972)
Nonvested at the end of the period (in shares)	156,471	100,195	63,727
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 23.20	$ 22.76	$ 21.28
Granted (in dollars per share)	25.94	25.94	22.53
Conversion to equity awards (in dollars per share)			21.38
Vested into shares (in dollars per share)		19.69	25.31
Forfeited (in dollars per share)		19.69	21.38
Nonvested at the end of the period (in dollars per share)	$ 24.17	$ 23.20	$ 22.76
Performance based Restricted Stock Units
Activity in shares
Nonvested at the beginning of the period (in shares)	0	0	0
Granted (in shares)	0	0	32,249
Conversion to equity awards (in shares)			(32,249)
Vested into shares (in shares)		0	0
Forfeited (in shares)		0	0
Nonvested at the end of the period (in shares)	0	0	0
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 0	$ 0	$ 0
Granted (in dollars per share)	0	0	21.38
Conversion to equity awards (in dollars per share)			21.38
Vested into shares (in dollars per share)		0	0
Forfeited (in dollars per share)		0	0
Nonvested at the end of the period (in dollars per share)	$ 0	$ 0	$ 0

Stock and Incentive Plans - Fair Value Options Exercised or Restricted Stock Units Vested (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
2010 Stock Option and Equity Incentive Plan \| Non-performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonperformance-based stock options exercised	$ 568	$ 6,579	$ 454
2019 Amended Plan \| Non-performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonperformance-based stock options exercised	9,214	954	334
2019 Amended Plan \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-performance based restricted stock units vested	2,781	2,529	6,113
2019 Amended Plan \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-performance based restricted stock units vested	0	36	1,089
Veritex (Green) 2014 Plan \| Non-performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonperformance-based stock options exercised	4,599	1,021	3,054
Veritex (Green) 2014 Plan \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-performance based restricted stock units vested	713	828	0
Green Bancorp Inc. 2010 Stock Option Plan \| Non-performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonperformance-based stock options exercised	$ 1,838	$ 12,231	$ 5,554

Stock and Incentive Plans - Veritex (Green) 2014 Plan Options (Details) - Veritex (Green) 2014 Plan - Non-performance Based Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares Underlying Options
Outstanding at beginning of period (in shares)	352,000	386,969	0
Converted in acquisition of Green (in shares)			304,778
Granted during the period (in shares)		31,075	211,793
Forfeited (in shares)	(7,245)	(30,711)	(12,673)
Exercised (in shares)	(126,951)	(35,333)	(116,929)
Outstanding at the end of period (in shares)	217,804	352,000	386,969
Options exercisable at end of period (in shares)	149,602
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 19.99	$ 19.30	$ 0
Converted in acquisition of Green (in dollars per share)			15.41
Granted during the period (in dollars per share)		29.13	21.38
Forfeited (in dollars per share)	21.38	20.92	13.17
Exercised (in dollars per share)	20.55	19.42	13.60
Outstanding at the end of period (in dollars per share)	19.62	$ 19.99	$ 19.30
Options exercisable at end of period (in dollars per share)	$ 17.73
Weighted Average Contractual Term
Outstanding at beginning of year, term (in years)	6 years 1 month 17 days
Exercisable, term (in years)	5 years 6 months 29 days
Aggregate Intrinsic Value
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 4,424
Options exercisable, intrinsic value	$ 3,299

Stock and Incentive Plans - Veritex (Green) 2014 Plan Restricted Stock Units (Details) - Veritex (Green) 2014 Plan - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Nonvested at the beginning of the period (in shares)	156,187	116,250	0
Number of shares awarded (in shares)	5,692	93,918	116,250
Vested into shares (in shares)	(33,335)	(38,744)
Forfeited (in shares)	(5,760)	(15,237)
Nonvested at the end of the period (in shares)	122,784	156,187	116,250
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 22.64	$ 21.38	$ 0
Granted (in dollars per share)	26.12	21.36	21.38
Vested (in dollars per share)	21.38	21.38
Forfeited (in dollars per share)	25.21	23.62
Nonvested at the end of the period (in dollars per share)	$ 21.13	$ 22.64	$ 21.38
PSUs
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Nonvested at the beginning of the period (in shares)	30,728	25,320	0
Number of shares awarded (in shares)	6,231	8,531	26,145
Forfeited (in shares)	(1,060)	(3,123)	(825)
Nonvested at the end of the period (in shares)	35,899	30,728	25,320
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 21.43	$ 21.38	$ 0
Granted (in dollars per share)	25.94	25.94	21.38
Forfeited (in dollars per share)	19.69	19.69	21.38
Nonvested at the end of the period (in dollars per share)	$ 22.26	$ 21.43	$ 21.38

Stock and Incentive Plans - Green Bancorp Inc. 2010 and 2006 Option Plan (Details) - Green Bancorp Inc. 2010 Stock Option Plan - Non-performance Based Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares Underlying Options
Outstanding at beginning of period (in shares)	131,083	571,735	0
Converted in acquisition of Green (in shares)			768,628
Forfeited (in shares)	(2,198)		(6,241)
Exercised (in shares)	(62,742)	(440,652)	(190,652)
Outstanding at the end of period (in shares)	66,143	131,083	571,735
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 11.60	$ 10.64	$ 0
Converted in acquisition of Green (in dollars per share)			10.73
Forfeited (in dollars per share)	13.69		13.69
Exercised (in dollars per share)	10.51	10.35	10.93
Outstanding at the end of period (in dollars per share)	$ 12.56	$ 11.60	$ 10.64
Outstanding at beginning of year, term (in years)	2 years 2 months 1 day
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 1,800

Related Party Transactions (Details) - Employees, Officers, Directors and Affiliates - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Financing receivable with related parties	$ 12,651	$ 34,944
New advances to the Company's employees, officers, directors and their affiliates	6,185	12,477
Principal payments received from the loans to employees, officers, directors, and their affiliates	16,976	19,991
Financing receivable no longer related party transactions	11,502
Unfunded commitments to related parties	4,028	13,191
Deposits received from related parties	$ 303,190	$ 506,068

Capital Requirements and Restrictions on Retained Earnings (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 USD ($)
Total capital (to risk-weighted assets "RWA")
Actual Amount	$ 1,053,871	$ 968,481
Actual Ratio (as a percent)	0.1111	0.1196
For Capital Adequacy Purposes Amount	$ 758,863	$ 647,813
For Capital Adequacy Purposes Ratio (as a percent)	0.080	0.080
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 948,579	$ 809,767
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.100	0.100
Tier 1 capital (to RWA)
Actual Amount	$ 994,351	$ 884,471
Actual Ratio (as a percent)	0.1048	0.1092
For Capital Adequacy Purposes Amount	$ 569,285	$ 485,973
For Capital Adequacy Purposes Ratio (as a percent)	0.060	0.060
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 759,047	$ 647,964
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.080	0.080
Common equity tier 1 (to RWA)
Common Equity Tier One Capital	$ 994,351	$ 884,471
Common Equity Tier One Capital Ratio (as a percent)	0.1048	0.1092
Common Equity Tier One Capital Required for Capital Adequacy	$ 426,964	$ 364,480
For Capital Adequacy Purposes Amount (as a percent)	0.045	0.045
Common Equity Tier One Capital Required to be Well-Capitalized	$ 616,725	$ 526,471
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.065	0.065
Tier 1 capital (to average assets)
Actual Amount	$ 994,351	$ 884,471
Actual Ratio (as a percent)	0.1069	0.1066
For Capital Adequacy Purposes Amount	$ 372,068	$ 331,884
For Capital Adequacy Purposes Ratio (as a percent)	0.040	0.040
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 465,085	$ 414,855
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	0.050	0.050
Dividends paid to Holdco	$ 8,440	$ 65,000
Dividends paid	$ 36,543	$ 34,057	$ 26,796
Dividends paid (in dollars per share) \| $ / shares	$ 0.20	$ 0.17

Business Combinations - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 403,771	$ 370,840	$ 370,840
Merger and acquisition expense		826	$ 0	$ 38,960
North Avenue Capital, LLC
Business Acquisition [Line Items]
Goodwill	$ 32,931
Cash paid for acquisition	57,500
Contingent consideration liability	$ 5,000
Merger and acquisition expense		$ 826

Business Combinations - Acquired Assets and Assumed Liabilities (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consideration:
Goodwill		$ 403,771	$ 370,840	$ 370,840
North Avenue Capital, LLC
Assets acquired
Cash and cash equivalents	$ 1,978
LHI	29,338
Servicing asset	13,913
Other assets	690
Total assets acquired	45,919
Liabilities assumed
Accounts payable and other accrued expenses	16,350
Total liabilities assumed	16,350
Fair value of net assets acquired	29,569
Consideration:
Cash paid	57,500
Contingent consideration	5,000
Total fair value of consideration	62,500
Goodwill	$ 32,931

Business Combinations - Loans Acquired (Details) - North Avenue Capital, LLC $ in Thousands	Nov. 01, 2021 USD ($)
Business Acquisition [Line Items]
Total contractual principal and fair value	$ 29,338
Commercial
Business Acquisition [Line Items]
Total contractual principal and fair value	27,174
Real Estate
Business Acquisition [Line Items]
Total contractual principal and fair value	$ 2,164

Business Combinations - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Combination and Asset Acquisition [Abstract]
Net interest income	$ 267,331	$ 286,313
Net income	$ 84,368	$ 93,939
Basic EPS (in USD per share)	$ 1.69	$ 1.77
Diluted EPS (in USD per share)	$ 1.69	$ 1.74

Parent Company Only Financial Statements - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 379,784	$ 230,825
Investment in unconsolidated subsidiaries	1,018	1,018
Other assets	138,851	114,997
Total assets	9,757,249	8,820,871
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total liabilities	8,442,170	7,617,495
Stockholders’ equity:
Common stock	560	555
Additional paid-in capital	1,142,758	1,126,437
Retained earnings	275,273	172,232
Accumulated other comprehensive income	64,070	56,225
Treasury stock	(167,582)	(152,073)
Total stockholders’ equity	1,315,079	1,203,376	$ 1,190,797	$ 530,638
Total liabilities and stockholders’ equity	9,757,249	8,820,871
Veritex Holdings, Inc.
ASSETS
Cash and cash equivalents	44,507	129,969
Investment in unconsolidated subsidiaries	1,496,310	1,335,603
Other assets	3,736	4,638
Total assets	1,544,553	1,470,210
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	1,710	4,056
Other borrowings	227,764	262,778
Total liabilities	229,474	266,834
Stockholders’ equity:
Common stock	560	555
Additional paid-in capital	1,142,758	1,126,437
Retained earnings	275,273	172,232
Accumulated other comprehensive income	64,070	56,225
Treasury stock	(167,582)	(152,073)
Total stockholders’ equity	1,315,079	1,203,376
Total liabilities and stockholders’ equity	$ 1,544,553	$ 1,470,210

Parent Company Only Financial Statements - Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements, Captions [Line Items]
Other	$ 3,237	$ 3,320	$ 2,949
Total interest and dividend income	316,484	321,850	378,786
Salaries and employee benefits	94,748	79,453	72,791
Merger and acquisition expense	826	0	38,960
Other	15,149	14,192	13,712
Total noninterest expense	167,712	159,387	177,803
Income before income tax expense	176,306	88,086	115,860
Income tax expense	36,722	14,203	25,121
Net income	139,584	73,883	90,739
Veritex Holdings, Inc.
Condensed Income Statements, Captions [Line Items]
Cash dividends from subsidiary	8,440	65,000	56,750
Excess of earnings over dividend from subsidiary	142,289	16,693	43,199
Other	43	53	50
Total interest and dividend income	150,772	81,746	99,999
Interest on borrowings	12,426	8,529	4,672
Salaries and employee benefits	668	612	790
Merger and acquisition expense	0	0	4,942
Other	1,057	798	797
Total noninterest expense	14,151	9,939	11,201
Income before income tax expense	136,621	71,807	88,798
Income tax expense	(2,963)	(2,076)	(1,941)
Net income	$ 139,584	$ 73,883	$ 90,739

Parent Company Only Financial Statements - Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 139,584	$ 73,883	$ 90,739
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed net income of Bank	(5,760)	0	0
Net cash provided by operating activities	193,491	107,650	103,960
Cash flows from investing activities:
Net cash (paid) received for acquisitions	(55,522)	0	112,710
Net cash used in investing activities	(816,389)	(874,555)	(46,339)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net of debt issuance costs paid	0	123,026	75,000
Proceeds from exercise of stock warrants	165	109	0
Redemption of subordinated debt	(35,000)	(5,000)	0
Proceeds from exercise of employee stock options	6,313	4,301	3,938
Payments to tax authorities for stock-based compensation	(725)	(3,829)	(1,346)
Purchase of treasury stock	(15,509)	(57,470)	(94,533)
Dividends paid	(36,543)	(34,057)	(26,796)
Net cash provided by financing activities	771,857	746,180	109,480
Net increase (decrease) in cash and cash equivalents	148,959	(20,725)	167,101
Cash and cash equivalents at beginning of year	230,825	251,550	84,449
Cash and cash equivalents at end of year	379,784	230,825	251,550
Veritex Holdings, Inc.
Cash flows from operating activities:
Net income	139,584	73,883	90,739
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of debt discount and debt issuance costs, net	817	1,263	2,353
Equity in undistributed net income of Bank	(142,289)	(16,693)	(43,199)
Decrease (increase) in other assets	902	(1,853)	(1,861)
(Increase) decrease in other liabilities	(3,177)	726	(5,024)
Net cash provided by operating activities	(4,163)	57,326	43,008
Cash flows from investing activities:
Net cash used in investing activities	0	0	5,818
Cash flows from financing activities:
Proceeds from issuance of subordinated notes, net of debt issuance costs paid	0	123,026	75,000
Proceeds from exercise of stock warrants	165	109	0
Redemption of subordinated debt	(35,000)	(5,000)	0
Proceeds from exercise of employee stock options	6,313	4,301	3,938
Purchase of treasury stock	(15,509)	(57,470)	(94,533)
Dividends paid	(36,543)	(34,057)	(26,796)
Net cash provided by financing activities	(81,299)	27,080	(43,737)
Net increase (decrease) in cash and cash equivalents	(85,462)	84,406	5,089
Cash and cash equivalents at beginning of year	129,969	45,563	40,474
Cash and cash equivalents at end of year	44,507	129,969	45,563
Green Bancorp, Inc. \| Veritex Holdings, Inc.
Cash flows from investing activities:
Net cash (paid) received for acquisitions	$ 0	$ 0	$ 5,818

LHI and ACL - Past Due (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Non-Accrual and Past Due Loans
Loans	$ 7,341,143	$ 6,427,924
Total 90 Days Past Due and Still Accruing	235	4,204
PCD
Non-Accrual and Past Due Loans
Loans	58,093	112,255
Total Past Due
Non-Accrual and Past Due Loans
Loans	32,284	67,933
30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	9,207	14,349
60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	5,465	6,684
90 Days or Greater
Non-Accrual and Past Due Loans
Loans	17,612	46,900
PPP loans excluded	206
Total Current
Non-Accrual and Past Due Loans
Loans	7,250,766	6,247,736
Real Estate \| Construction and Land
Non-Accrual and Past Due Loans
Loans	1,062,144	693,030
Total 90 Days Past Due and Still Accruing	0	0
Real Estate \| Construction and Land \| PCD
Non-Accrual and Past Due Loans
Loans	2,348	2,685
Real Estate \| Construction and Land \| Total Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Construction and Land \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Construction and Land \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Construction and Land \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Construction and Land \| Total Current
Non-Accrual and Past Due Loans
Loans	1,059,796	690,345
Real Estate \| Farmland
Non-Accrual and Past Due Loans
Loans	55,827	13,844
Total 90 Days Past Due and Still Accruing	0	0
Real Estate \| Farmland \| Total Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Farmland \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Farmland \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Farmland \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Farmland \| Total Current
Non-Accrual and Past Due Loans
Loans	55,827	13,844
Real Estate \| 1 - 4 family residential \| Residential Real Estate
Non-Accrual and Past Due Loans
Loans	542,566	524,344
Total 90 Days Past Due and Still Accruing	24	1,670
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	1,178	8,741
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| Total Past Due
Non-Accrual and Past Due Loans
Loans	3,081	7,262
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	2,073	2,338
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	122
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	1,008	4,802
Real Estate \| 1 - 4 family residential \| Residential Real Estate \| Total Current
Non-Accrual and Past Due Loans
Loans	538,307	508,341
Real Estate \| Multi-family residential \| Residential Real Estate
Non-Accrual and Past Due Loans
Loans	310,241	424,962
Total 90 Days Past Due and Still Accruing	0	0
Real Estate \| Multi-family residential \| Residential Real Estate \| Total Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Multi-family residential \| Residential Real Estate \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Multi-family residential \| Residential Real Estate \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Multi-family residential \| Residential Real Estate \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	0	0
Real Estate \| Multi-family residential \| Residential Real Estate \| Total Current
Non-Accrual and Past Due Loans
Loans	310,241	424,962
Real Estate \| OOCRE \| Commercial Real Estate
Non-Accrual and Past Due Loans
Loans	665,537	717,472
Total 90 Days Past Due and Still Accruing	0	1,280
Real Estate \| OOCRE \| Commercial Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	27,564	37,991
Real Estate \| OOCRE \| Commercial Real Estate \| Total Past Due
Non-Accrual and Past Due Loans
Loans	17,125	7,235
Real Estate \| OOCRE \| Commercial Real Estate \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	4,538	2,278
Real Estate \| OOCRE \| Commercial Real Estate \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	965	2,143
Real Estate \| OOCRE \| Commercial Real Estate \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	11,622	2,814
Real Estate \| OOCRE \| Commercial Real Estate \| Total Current
Non-Accrual and Past Due Loans
Loans	620,848	672,246
Real Estate \| NOOCRE \| Commercial Real Estate
Non-Accrual and Past Due Loans
Loans	2,120,309	1,904,132
Total 90 Days Past Due and Still Accruing	0	0
Real Estate \| NOOCRE \| Commercial Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	18,200	43,176
Real Estate \| NOOCRE \| Commercial Real Estate \| Total Past Due
Non-Accrual and Past Due Loans
Loans	1,128	28,172
Real Estate \| NOOCRE \| Commercial Real Estate \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	936	7,675
Real Estate \| NOOCRE \| Commercial Real Estate \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	2,911
Real Estate \| NOOCRE \| Commercial Real Estate \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	192	17,586
Real Estate \| NOOCRE \| Commercial Real Estate \| Total Current
Non-Accrual and Past Due Loans
Loans	2,100,981	1,832,784
Commercial
Non-Accrual and Past Due Loans
Loans	2,006,876	1,559,546
Total 90 Days Past Due and Still Accruing	191	1,230
Commercial \| PCD
Non-Accrual and Past Due Loans
Loans	8,626	19,460
Commercial \| Total Past Due
Non-Accrual and Past Due Loans
Loans	9,628	23,774
Commercial \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	1,525	1,983
Commercial \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	4,395	1,431
Commercial \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	3,708	20,360
Commercial \| Total Current
Non-Accrual and Past Due Loans
Loans	1,988,622	1,516,312
Mortgage warehouse
Non-Accrual and Past Due Loans
Loans	565,645	577,594
Total 90 Days Past Due and Still Accruing	0	0
Mortgage warehouse \| Total Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Mortgage warehouse \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Mortgage warehouse \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	0	0
Mortgage warehouse \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	0	0
Mortgage warehouse \| Total Current
Non-Accrual and Past Due Loans
Loans	565,645	577,594
Consumer
Non-Accrual and Past Due Loans
Loans	11,998	13,000
Total 90 Days Past Due and Still Accruing	20	24
Consumer \| PCD
Non-Accrual and Past Due Loans
Loans	177	202
Consumer \| Total Past Due
Non-Accrual and Past Due Loans
Loans	1,322	1,490
Consumer \| 30 to 59 Days Past Due
Non-Accrual and Past Due Loans
Loans	135	75
Consumer \| 60 to 89 Days Past Due
Non-Accrual and Past Due Loans
Loans	105	77
Consumer \| 90 Days or Greater
Non-Accrual and Past Due Loans
Loans	1,082	1,338
Consumer \| Total Current
Non-Accrual and Past Due Loans
Loans	10,499	11,308
Financial Asset Acquired with Credit Deterioration \| PCD
Non-Accrual and Past Due Loans
Loans	58,093	112,255
Financial Asset Acquired with Credit Deterioration \| 90 Days or Greater
Non-Accrual and Past Due Loans
Total 90 Days Past Due and Still Accruing	9,345	32,627
Financial Asset Acquired with Credit Deterioration \| Real Estate \| Construction and Land \| PCD
Non-Accrual and Past Due Loans
Loans	2,348	2,685
Financial Asset Acquired with Credit Deterioration \| Real Estate \| Farmland \| PCD
Non-Accrual and Past Due Loans
Loans	0	0
Financial Asset Acquired with Credit Deterioration \| Real Estate \| 1 - 4 family residential \| Residential Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	1,178	8,741
Financial Asset Acquired with Credit Deterioration \| Real Estate \| Multi-family residential \| Residential Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	0	0
Financial Asset Acquired with Credit Deterioration \| Real Estate \| OOCRE \| Commercial Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	27,564	37,991
Financial Asset Acquired with Credit Deterioration \| Real Estate \| NOOCRE \| Commercial Real Estate \| PCD
Non-Accrual and Past Due Loans
Loans	18,200	43,176
Financial Asset Acquired with Credit Deterioration \| Commercial \| PCD
Non-Accrual and Past Due Loans
Loans	8,626	19,460
Financial Asset Acquired with Credit Deterioration \| Mortgage warehouse \| PCD
Non-Accrual and Past Due Loans
Loans	0	0
Financial Asset Acquired with Credit Deterioration \| Consumer \| PCD
Non-Accrual and Past Due Loans
Loans	$ 177	$ 202