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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2014	Mar. 23, 2015	Oct. 09, 2014
Document and Entity Information
Entity Registrant Name	Veritex Holdings, Inc.
Entity Central Index Key	0001501570
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 89,590,000
Entity Common Stock, Shares Outstanding		9,484,641
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Cash and due from banks	$ 9,223	$ 8,484
Interest bearing deposits in other banks	84,028	68,162
Total cash and cash equivalents	93,251	76,646
Investment securities	45,127	45,604
Loans held for sale	8,858	2,051
Loans, net of allowance for loan losses of $5,981 and $5,018, respectively	597,278	490,158
Accrued interest receivable	1,542	1,351
Bank-owned life insurance	17,822	10,475
Bank premises, furniture and equipment, net	11,150	9,952
Non-marketable equity securities	4,139	2,714
Investment in unconsolidated subsidiary	93	93
Other real estate owned	105	1,797
Intangible assets	1,261	1,567
Goodwill	19,148	19,148
Other assets	2,512	3,415
Total assets	802,286	664,971
Deposits:
Noninterest-bearing	251,124	218,990
Interest-bearing	387,619	354,948
Total deposits	638,743	573,938
Accounts payable and accrued expenses	1,582	1,214
Accrued interest payable and other liabilities	575	508
Advances from Federal Home Loan Bank	40,000	15,000
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,981	4,979
Total liabilities	688,974	598,732
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock, $0.01 par value; 10,000,000 and 500,000 shares authorized at September 30, 2014 and December 31, 2013, respectively; 8,000 shares Series C, issued and outstanding with a $1,000 liquidation value	8,000	8,000
Common stock, $0.01 par value; 75,000,000 and 10,000,000 shares authorized at December 31, 2014 and December 31, 2013, respectively; 9,470,832 and 5,804,703 shares issued and outstanding at December 31 2014 and December 31, 2013, respectively, (excluding 10,000 shares held in treasury)	95	58
Additional paid-in capital	97,469	55,303
Retained earnings	8,047	2,922
Unallocated Employee Stock Ownership Plan shares; 36,935 shares at September 30, 2014	(401)
Accumulated other comprehensive income	172	26
Treasury stock, 10,000 shares at cost	(70)	(70)
Total stockholders' equity	113,312	66,239
Total liabilities and stockholders' equity	$ 802,286	$ 664,971

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Consolidated Balance Sheets
Allowance for loan losses	$ 5,981	$ 5,018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	500,000
Series C preferred stock, shares issued	8,000	8,000
Series C preferred stock, shares outstanding	8,000	8,000
Series C preferred stock, liquidation value (in dollars per share)	$ 1,000	$ 1,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	10,000,000
Common stock, shares issued	9,470,832	5,804,703
Common stock, shares outstanding	9,470,832	5,804,703
Unallocated Employee Stock Ownership Plan shares, shares	36,935
Treasury stock, shares	10,000	10,000

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest income:
Interest and fees on loans	$ 27,236	$ 22,755	$ 20,619
Interest on investment securities	839	613	655
Interest on deposits in other banks	182	132	108
Interest on other	2	2	8
Total interest income	28,259	23,502	21,390
Interest expense:
Interest on deposit accounts	2,421	2,207	1,911
Interest on borrowings	498	254	386
Total interest expense	2,919	2,461	2,297
Net interest income (expense)	25,340	21,041	19,093
Provision for loan losses	1,423	1,883	2,953
Net interest income after provision for loan losses	23,917	19,158	16,140
Noninterest income:
Service charges on deposit accounts	833	726	700
Gain on sales of investment securities	34
Gain on sales of loans held for sale	641	632	248
(Loss) gain on sales of other real estate owned, net	10	20	61
Bank-owned life insurance	427	385	180
Other	551	628	458
Total noninterest income	2,496	2,391	1,647
Noninterest expense:
Salaries and employee benefits	10,037	9,084	9,205
Occupancy of bank premises	1,863	1,694	1,546
Depreciation and amortization	1,339	1,266	1,059
Data processing	881	729	880
FDIC assessment fees	421	378	234
Legal fees	125	80	380
Other professional fees	1,044	574	668
Advertising and promotions	186	142	167
Utilities and telephone	286	295	399
Other real estate owned expenses and writedowns	210	399	175
Other	2,111	1,723	1,459
Total noninterest expense	18,503	16,364	16,172
Net income from operations	7,910	5,185	1,615
Income tax expense (benefit)	2,705	1,777	136
Net income	5,205	3,408	1,479
Preferred stock dividends	80	60	100
Net income available to common stockholders	$ 5,125	$ 3,348	$ 1,379
Basic earnings per share (in dollars per share)	$ 0.73	$ 0.58	$ 0.24
Diluted earnings per share (in dollars per share)	$ 0.72	$ 0.57	$ 0.24

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Consolidated Statements of Comprehensive Income
Net income	$ 5,205	$ 3,408	$ 1,479
Other comprehensive (loss) income:
Unrealized (losses) gains on securities available for sale arising during the period, net	255	(686)	230
Reclassification adjustment for net gains included in net income	34
Other comprehensive (losses) gains before tax	221	(686)	230
Income tax (benefit) expense	75	(233)	78
Other comprehensive (losses) gains, net of tax	146	(453)	152
Comprehensive income	$ 5,351	$ 2,955	$ 1,631

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock.	Common stock Private offering	Common stock Initial public offering	Common stock	Additional Paid-In Capital Private offering	Additional Paid-In Capital Initial public offering	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Employee Stock Ownership Plan Shares	Treasury Stock	Private offering	Initial public offering	Total
Balance at Dec. 31, 2011	$ 8,000,000			$ 56,000			$ 52,098,000	$ (1,805,000)	$ 327,000					$ 58,676,000
Balance (in shares) at Dec. 31, 2011				5,554,487
Increase (Decrease) in Stockholders' Equity
Sale of common stock				$ 1,000			1,397,000							1,398,000
Sale of common stock (in shares)				139,853
Preferred stock dividend Series C								(100,000)						(100,000)
Stock based compensation							255,000							255,000
Net income								1,479,000						1,479,000
Other comprehensive income (loss)									152,000					152,000
Balance at Dec. 31, 2012	8,000,000			$ 57,000			53,750,000	(426,000)	479,000					61,860,000
Balance (in shares) at Dec. 31, 2012				5,694,340
Increase (Decrease) in Stockholders' Equity
Sale of common stock				$ 1,000			1,209,000							1,210,000
Sale of common stock (in shares)				120,363
Preferred stock dividend Series C								(60,000)						(60,000)
Purchase of Treasury Stock at Cost				$ (10,000)							$ (70,000)			(70,000)
Issuance of warrants related to subordinated debt							21,000							21,000
Stock based compensation							323,000							323,000
Net income								3,408,000						3,408,000
Other comprehensive income (loss)									(453,000)					(453,000)
Balance at Dec. 31, 2013	8,000,000			$ 58,000			55,303,000	2,922,000	26,000		(70,000)			$ 66,239,000
Balance (in shares) at Dec. 31, 2013				5,804,703										5,804,703
Increase (Decrease) in Stockholders' Equity
Sale of common stock		$ 6,000	$ 31,000		$ 5,432,000	$ 35,760,000						$ 5,438,000	$ 35,791,000
Sale of common stock (in shares)		508,047	3,105,000
Preferred stock dividend Series C								(80,000)						$ (80,000)
Sale and finance of stock to ESOP							500,000			$ (500,000)				500,000
Sale and finance of stock to ESOP (in shares)				46,082
ESOP shares allocated							19,000			99,000				118,000
Issuance of shares to Directors related to vesting of restricted stock units				7,000
Stock based compensation							455,000							455,000
Net income								5,205,000						5,205,000
Other comprehensive income (loss)									146,000					146,000
Balance at Dec. 31, 2014	$ 8,000,000			$ 95,000			$ 97,469,000	$ 8,047,000	$ 172,000	$ (401,000)	$ (70,000)			$ 113,312,000
Balance (in shares) at Dec. 31, 2014				9,470,832										9,470,832

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
Initial public offering
Offering costs	$ 4,574
Private offering
Offering costs	$ 61

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 5,205	$ 3,408	$ 1,479
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,339	1,266	1,059
Provision for loan losses	1,423	1,883	2,953
Accretion of loan purchase discount	(483)	(404)	(1,150)
Stock based compensation expense	455	323	255
Amortization of other intangible assets	14	14	13
Net amortization of premiums on investment securities	400	371	445
Change in cash surrender value of bank-owned life insurance	(341)	(323)	(152)
Net gain on sales of investment securities	(34)
Gain on sales of loans held for sale	(641)	(632)	(248)
Net gain on sales of other real estate owned	(10)	(20)	(61)
Writedowns of other real estate owned		249	48
Net originations of loans held for sale	(45,441)	(35,895)	(16,606)
Proceeds from sales of loans held for sale	39,275	37,294	14,036
Decrease (increase) in accrued interest receivable and other assets	712	(2,076)	(338)
Increase (decrease) in accrued expenses and other liabilities	360	683	(100)
Net cash provided by operating activities	2,233	6,141	1,633
Cash flows from investing activities:
Purchases of securities available for sale	(310,983)	(146,787)	(242,462)
Sales of securities available for sale	300,981	120,000	239,997
Proceeds from maturities, calls and pay downs of investment securities	10,334	9,664	15,401
Purchases of non-marketable equity securities, net	(1,425)	(125)	(1,554)
Net loans originated	(109,175)	(98,513)	(102,640)
Purchases of bank-owned life insurance	(7,006)	(5,000)	(5,000)
Net additions to bank premises and equipment	(2,243)	(576)	(909)
Proceeds from sales of other real estate owned	2,817	1,566	1,462
Net cash used in investing activities	(116,700)	(119,771)	(95,705)
Cash flows from financing activities:
Net change in deposits	64,805	126,036	83,144
Net increase in advances from Federal Home Loan Bank	25,000	5,000
Issuance of subordinated notes		5,000
Purchase of common stock held in treasury		(70)
Dividends paid on preferred stock	(80)	(60)	(100)
Proceeds from payments on ESOP Loan	118
Proceeds from issuance of common stock in Initial Public Offering, net of offering cost of $4,574	35,791
Proceeds from issuance of common stock, net offering cost of $61 for the year ended December 31, 2014	5,438	1,210	1,398
Net cash provided by financing activities	131,072	137,116	84,442
Net increase (decrease) in cash and cash equivalents	16,605	23,486	(9,630)
Cash and cash equivalents at beginning of year	76,646	53,160	62,790
Cash and cash equivalents at end of period	93,251	76,646	53,160
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	2,927	2,470	2,300
Cash paid for income taxes	2,750	2,475	900
Supplemental Disclosures of Non Cash Flow Information:
Sale and finance of stock to ESOP	500
Net foreclosure of other real estate owned	$ 1,115	$ 1,154	$ 3,158

Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
Initial public offering
Offering costs	$ 4,574
Private offering
Offering costs	$ 61

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

Nature of Organization

Veritex Holdings, Inc. (Veritex), a Texas corporation and bank holding company, was incorporated in July 2009 and was formed for the purpose of acquiring one or more financial institutions located in Dallas, Texas and surrounding areas.

Veritex through its wholly-owned subsidiary, Veritex Community Bank (Bank), a Texas state banking organization,with corporate offices in Dallas, Texas, currently operates eight branches and one mortgage office located throughout the greater Dallas, Texas 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 and the Federal Reserve are the primary regulators of the Company, which undergoes periodic examinations by those regulatory authorities.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of Veritex and its wholly-owned subsidiary, Veritex Community Bank, formerly known as Veritex Community Bank, National Association.

The accounting principles followed by the Company and the methods of applying them are in conformity with U.S. generally accepted accounting principles and prevailing practices of the banking industry.

All material intercompany transactions have been eliminated in consolidation.

Accounting standards codification:

The Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC) is the officially recognized source of authoritative U.S. generally accepted accounting principles (GAAP) applicable to all public and non-public non-governmental entities. Rules and interpretive releases of the 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. The Company's chief operating decision-maker, the CEO, uses consolidated results to make operating and strategic decisions.

Initial Public Offering (IPO):

The Company qualifies as an "emerging growth company" as defined by the Jumpstart Our Business Startups Act (JOBS Act). In Q2 2014, the Board of Directors of the Company approved a resolution for Veritex to sell shares of common stock to the public in an initial public offering. On July 22, 2014, the Company submitted a confidential draft Registration Statement on Form S-1 with the SEC with respect to the shares to be registered and sold. On August 29, 2014, the Company filed a Registration Statement on Form S-1 with the SEC. That Registration Statement was declared effective by the SEC on October 8, 2014. The Company sold and issued 3,105,000 shares of common stock at $13 per share in reliance on that Registration Statement. Total proceeds received by the Company, net of offering costs were approximately $36 million.

In connection with the initial public offering, on September 22, 2014, the Company amended its certificate of formation to authorize the issuance of up to 75,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, par value $1.00 per share, of which 8,000 shares are designated as Series C preferred stock. The authorized but unissued shares of capital stock are available for future issuance without shareholder approval, unless otherwise required by applicable law or the rules of any applicable securities exchange.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair values of financial instruments, including investment securities available for sale and loans held for sale, and the status of contingencies are particularly susceptible to significant change in the near term.

Cash and Cash Equivalents

For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from 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. The reserve balances required as of December 31, 2014 and 2013 were approximately $23,365 and $15,325, respectively.

Investment Securities

Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them until maturity. Securities to be held for indefinite periods of time are classified as available for sale and carried at fair value, with the unrealized holding gains and losses reported in other comprehensive income, net of tax. Management determines the appropriate classification of securities at the time of purchase.

Interest income includes amortization of purchase premiums and discounts. Realized gains and losses are derived from the amortized cost of the security sold. Credit related declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses, with the remaining unrealized loss recognized as a component of other comprehensive income. In estimating other-than-temporary impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

Loans Held for Sale

Loans held for sale consist of certain mortgage loans originated and intended for sale in the secondary market and are carried at the lower of cost or estimated fair value on an individual loan basis. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Company obtains commitments to purchase the loans from the secondary market investors prior to closing of the loans. 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.

Loans and Allowance for Loan Losses

Loans, excluding certain purchased loans which have shown evidence of deterioration since origination as of the date of the acquisition, that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at the amount of unpaid principal, reduced by fees associated with the originating of loans and an allowance for loan losses. Interest on loans is recognized using the effective-interest method on the daily balances of the principal amounts outstanding. Fees associated with the originating of loans and certain direct loan origination costs are netted and the net amount is deferred and recognized over the life of the loan as an adjustment of yield.

The accrual of interest on loans is discontinued when there is a clear indication that the borrower's cash flow may not be sufficient to meet payments as they become due, which is generally no later than when a loan is 90 days past due. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is reversed. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured in accordance with the terms of the loan agreement.

The allowance for loan losses is an estimated amount management believes is adequate to absorb inherent losses on existing loans that may be uncollectible based upon review and evaluation of the loan portfolio. Management's periodic evaluation of the allowance is based on general economic conditions, the financial condition of borrowers, the value and liquidity of collateral, delinquency, prior loan loss experience, and the results of periodic reviews of the portfolio. The allowance for loan losses is comprised of two components: the general reserve and specific reserves. The general reserve is determined in accordance with current authoritative accounting guidance that considers historical loss rates for the last three years adjusted for qualitative factors based upon general economic conditions and other qualitative risk factors both internal and external to the Company. Such qualitative factors include current local economic conditions and trends including unemployment, changes in lending staff, policies and procedures, changes in credit concentrations, changes in the trends and severity of problem loans and changes in trends in volume and terms of loans. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in the Company's historic loss factors. For purposes of determining the general reserve, the loan portfolio, less cash secured loans, government guaranteed loans and impaired loans, is multiplied by the Company's adjusted historical loss rate. Specific reserves are determined in accordance with current authoritative accounting guidance based on probable losses on specific classified loans.

The allowance for loan losses is increased by charges against income and decreased by charge-offs (net of recoveries).

Due to the growth of the Bank over the past several years, a portion of the loans in its portfolio and its lending relationships are of relatively recent origin. The new loan portfolios have limited delinquency and credit loss history and have not yet exhibited an observable loss trend. The credit quality of loans in theses loan portfolios are impacted by delinquency status and debt service coverage generated by the borrowers' business and fluctuations in the value of real estate collateral. Management considers delinquency status to be the most meaningful indicator of the credit quality of one-to-four single family residential, home equity loans and lines of credit and other consumer loans. In general, loans do not begin to show signs of credit deterioration or default until they have been outstanding for some period of time, a process we refer to as "seasoning." As a result, a portfolio of older loans will usually behave more predictably than a portfolio of newer loans. Because the majority of the portfolio is relatively new, the current level of delinquencies and defaults may not be representative of the level that will prevail when the portfolio becomes more seasoned, which may be higher than current levels.

Delinquency statistics are updated at least monthly. Internal risk ratings are considered the most meaningful indicator of credit quality for new commercial, construction, and commercial real estate loans. Internal risk ratings are a key factor in identifying loans that are individually evaluated for impairment and impact management's estimates of loss factors used in determining the amount of the allowance for loan losses. Internal risk ratings are updated on a continuous basis.

Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. If a loan is impaired, a specific valuation allowance is allocated, if necessary. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible.

The Company's policy requires measurement of the allowance for an impaired collateral dependent loan based on the fair value of the collateral. Other loan impairments are measured based on the present value of expected future cash flows or the loan's observable market price. At December 31, 2014 and 2013, all significant impaired loans have been determined to be collateral dependent and the allowance for loss has been measured utilizing the estimated fair value of the collateral.

From time to time, the Company modifies its loan agreement with a borrower. A modified loan is considered a troubled debt restructuring 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. All troubled debt restructurings are considered impaired loans. The Company reviews each troubled debt restructured loan and determines on a case by case basis if a specific allowance for loan loss is required. An allowance for loan loss allocation is based on either the present value of estimated future cash flows or the estimated fair value of the underlying collateral.

The Company has certain lending policies and procedures in place that are designed to maximize loan income with an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis and makes changes as appropriate. Management receives frequent reports related to loan originations, quality, concentrations, delinquencies, non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions, both by type of loan and geography.

Commercial loans are underwritten after evaluating and understanding the borrower's ability to operate profitably and effectively. Underwriting standards are designed to determine whether the borrower possesses sound business ethics and practices and to evaluate current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and, secondarily, on the underlying collateral provided by the borrower. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and include personal guarantees.

Real estate loans are also subject to underwriting standards and processes similar to commercial loans. These loans are underwritten primarily based on projected cash flows and, secondarily, as loans secured by real estate. 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, through the Dallas metropolitan area. This diversity helps reduce the exposure to adverse economic events that affect any single market or industry.

The Company utilizes methodical credit standards and analysis to supplement its policies and procedures in underwriting consumer loans. The Company's loan policy addresses types of consumer loans that may be originated and the collateral, if secured, which must be perfected. The relatively smaller individual dollar amounts of consumer loans that are spread over numerous individual borrowers also minimizes the Company's risk.

Certain Acquired Loans

As part of business acquisitions, the Company evaluated each of the acquired loans under ASC 310-30 to determine whether (i) there was evidence of credit deterioration since origination, and (ii) it was probable that the Company would not collect all contractually required payments receivable. The Company determined the best indicator of such evidence was an individual loan's payment status and/or whether a loan was determined to be classified based on a review of each individual loan. Therefore, generally each individual loan that should have been or was on non-accrual at the acquisition date and each individual loan that was deemed impaired were included subject to ASC 310-30 accounting. These loans were recorded at the discounted expected cash flows of the individual loan.

Loans which were evaluated under ASC 310-30, and where the timing and amount of cash flows can be reasonably estimated, were accounted for in accordance with ASC 310-30-35. The Company applies the interest method for these loans under this subtopic and the loans are excluded from non- accrual. If, at acquisition, the Company identified loans that they could not reasonably estimate cash flows or, if subsequent to acquisition, such cash flows could not be estimated, such loans would be included in non-accrual. These acquired loans are recorded at the allocated fair value, such that there is no carryover of the seller's allowance for loan losses. Such acquired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan's contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the loan, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded through the allowance for loan losses. If the present value of expected cash flows is greater than the carrying amount, any related allowance for loan loss is reversed, with the remaining yield being recognized prospectively through interest income.

Transfers of Financial Assets

Transfers of financial assets (generally consisting of sales of loans held for sale and loan participations 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.

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
Leasehold improvements		Term of lease
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 operations as incurred.

Non-Marketable Equity Securities

The Bank is a member of its regional Federal Reserve Bank (FRB) and of the Federal Home Loan Bank system (FHLB). 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. Both cash and stock dividends are reported as income. Other non-marketable equity securities are carried at cost which approximates fair value.

Other Real Estate Owned

Other real estate owned represents properties acquired through or in lieu of loan foreclosure and are 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 allowance for loan losses. Any subsequent reduction in value is recognized by a charge to income. Operating and holding expenses of such properties, net of related income, and gains and losses on their disposition are included in noninterest expense.

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 other income in the accompanying 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 December 31 or when a triggering event occurs. The Company's goodwill test involves a two-step process. Under the first step, the estimation of fair value of the reporting unit is compared to its carrying value including goodwill. If step one indicates a potential impairment, the second step is performed to measure the amount of impairment, if any. If the carrying amount of the reporting goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. Any such adjustments are reflected in the results of operations in the periods in which they become known. Intangible assets consist of core deposit intangibles and other intangible assets related to operating leases with favorable market terms acquired in business combinations. Intangible assets are initially recognized based on a valuation performed as of the acquisition date. Core deposit intangibles are being amortized on a straight-line basis over the estimated useful lives of seven to nine years. Intangible assets related to operating leases are amortized over the remaining life of the acquired lease using the straight-line method. 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 were recorded during the years ended December 31, 2014, 2013 and 2012.

Advertising

Advertising consists of the Company's advertising in its local market. Advertising is expensed as incurred.

Income Taxes

The Company files a consolidated income tax return with its subsidiary. 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, 2014 and 2013, 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 did not record any interest or penalties related to income tax for the years ended December 31, 2014 and 2013. With few exeptions, the Company is no longer subject to U.S. federal income tax examinations by tax authorities for the years before 2011.

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.

Stock Based Compensation

Compensation cost is recognized for stock options and stock awards 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, while the market price of the Company's common stock at the date of grant is used for stock awards. 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.

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 securities available for sale, net of tax. Comprehensive income is reported in the accompanying consolidated statements of comprehensive income.

ESOP

Effective January 1, 2012, the Company adopted an Employee Stock Ownership Plan (ESOP) covering all employees that meet certain age and service requirements. Plan assets are held and managed by the Company. Shares of the Company's common stock purchased by the Veritex Community Bank Employee Stock Ownership Plan (ESOP) are held in a suspense account until released for allocation to participants. Shares released are allocated to each eligible participant based on the participant's 401(k) contribution made during that year. Compensation expense is measured based upon the expected amount of the Company's discretionary contribution which is determined on an annual basis and is accrued ratably over the year. Shares are committed to be released to settle the liability upon formal declaration of the contribution at the end of the year. The number of shares released to settle the liability is based upon fair value of the shares as of the end of the year and become outstanding shares for earnings per share computations. The cost of shares issued to the ESOP, but not yet committed to be released, is shown as a reduction of stockholders' equity. To the extent that the fair value of the ESOP shares differs from the cost of such shares, the difference is charged or credited to stockholders' equity as additional paid in capital. Shares become outstanding for earnings per share computations upon allocation. Dividends on allocated ESOP shares are charged to retained earnings and paid to participants of the ESOP.

Earnings Per Share

Earnings per share (EPS) are based upon the weighted-average 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, 2014, 2013 and 2012:

	Years ended December 31,
	2014		2013		2012
Earnings (numerator)
Net income for common stockholders	$	5,205	$	3,408	$	1,479
Less: preferred stock dividends		80		60		100

Net income allocated to common stockholders	$	5,125	$	3,348	$	1,379


Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)		6,992		5,788		5,641
Dilutive effect of employee stock-based awards		161		61		37

Adjusted weighted average shares outstanding		7,153		5,849		5,678


Earnings per share:
Basic	$	0.73	$	0.58	$	0.24


Diluted	$	0.72	$	0.57	$	0.24

For the years ended December 31, 2013 and 2012, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 423,000 and 419,000 shares, respectively, of the Company's common stock because the issuance of shares related to these options is contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not met. In addition, for the year ended December 31, 2013, the Company excluded from diluted EPS weighted average warrants representing the right to purchase 1,000 shares of the Company's common stock because the effect was anti-dilutive.

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2014
Recent Accounting Pronouncements
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements ASU 2014-04 "Receivables (Topic 310)—Troubled Debt Restructurings by Creditors" ("ASU 2014-04") amends Topic 310 "Receivables" to clarify the terms defining when an in substance repossession or foreclosure occurs, which determines when the receivable should be derecognized and the real estate property is recognized. ASU 2013-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. The Company is in process of evaluating impact of this pronouncement, however it is not expected to have a significant impact on the consolidated financial statements. ASU 2014-09 "Revenue from Contracts with Customers (Topic 606)" ("ASU 2014-09") implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 establishes a five-step model which entities must follow to recognize revenue and removes inconsistencies and weaknesses in existing guidance. ASU 2014-09 is effective for annual and interim periods beginning after December 15, 2016. The Company is in process of evaluating impact of this pronouncement, however it is not expected to have a significant impact on the consolidated financial statements. ASU 2014-11 "Transfers and Servicing (Topic 860" ("ASU 2014-11") requires that repurchase-to-maturity transactions be accounted for as secured borrowings consistent with the accounting for other repurchase agreements. The amendments to ASU 2014-11 update the accounting for repurchase-to-maturity transactions and link repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. ASU 2014-11 also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales that are economically similar to repurchase agreements. The second disclosure provides added transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. ASU 2014-11 is effective for annual and interim periods beginning after December 15, 2014. The Company is in process of evaluating impact of this pronouncement, however it is not expected to have a significant impact on the consolidated financial statements. ASU 2014-12 "Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period" ("ASU 2014-12") requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is intended to resolve the diverse accounting treatments of these types of awards in practice and is effective for annual and interim periods beginning after December 15, 2015. The Company is in process of evaluating impact of this pronouncement, however it is not expected to have a significant impact on the consolidated financial statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Investment Securities

12 Months Ended

Dec. 31, 2014

Investment Securities

Investment Securities

3. Investment Securities

Debt and equity securities have been classified in the consolidated balance sheets according to management's intent. The carrying amount of securities and their approximate fair values are as follows:

	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for Sale
U.S. government agencies	$	1,928	$	—	$	47	$	1,881
Corporate bonds		500		—		—		500
Municipal securities		965		22		—		987
Mortgage-backed securities		28,588		256		73		28,771
Collateralized mortgage obligations		11,752		124		37		11,839
Asset-backed securities		1,134		15		—		1,149

	$	44,867	$	417	$	157	$	45,127

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for Sale
U.S. government agencies	$	2,019	$	—	$	95	$	1,924
Corporate bonds		1,445		35		—		1,480
Municipal securities		934		24		—		958
Mortgage-backed securities		24,898		220		187		24,931
Collateralized mortgage obligations		14,898		158		141		14,915
Asset-backed securities		1,370		26		—		1,396

	$	45,564	$	463	$	423	$	45,604

The following tables disclose the Company's investment securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months:

	December 31, 2014
	Less Than 12 Months				12 Months or More				Totals
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Available for Sale
U.S. government agencies	$	—	$	—	$	1,881	$	47	$	1,881	$	47
Mortgage-backed securities		10,148		39		3,572		34		13,720		73
Collateralized mortgage obligations		1,580		7		2,442		30		4,022		37

	$	11,728	$	46	$	7,895	$	111	$	19,623	$	157

	December 31, 2013
	Less Than 12 Months				12 Months or More				Totals
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Available for Sale
U.S. government agencies	$	1,924	$	95	$	—	$	—	$	1,924	$	95
Mortgage-backed securities		10,612		187		—		—		10,612		187
Collateralized mortgage obligations		10,222		140		46		1		10,268		141

	$	22,758	$	422	$	46	$	1	$	22,804	$	423

The number of investment positions in an unrealized loss position totaled 23 at December 31, 2014. The Company does not believe these unrealized losses are "other than temporary" as (i) the Company does not have the intent to sell investment securities prior to recovery and (ii) it is more likely than not that the Company will not have to sell these securities prior to recovery. The unrealized losses noted are interest rate related due to the level of interest rates at December 31, 2014. The Company has reviewed the ratings of the issuers and has not identified any issues related to the ultimate repayment of principal as a result of credit concerns on these securities.

The amortized costs and estimated fair values of securities available for sale, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayments 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 term of mortgage-backed, collateralized mortgage obligations and asset-backed securities thus approximates the term 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, 2014
	Available For Sale
	Amortized Cost		Fair Value
Due in one year or less	$	500	$	500
Due from one year to five years		1,930		1,932
Due from five years to ten years		963		936
Due after ten years		—		—

		3,393		3,368
Mortgage-backed securities		28,588		28,771
Collateralized mortgage obligations		11,752		11,839
Asset-backed securities		1,134		1,149

	$	44,867	$	45,127

Proceeds from sales of investment securities available for sale and gross gains and losses for the years ended December 31, 2014 and 2013 were as follows:

	December 31,
	2014		2013		2012
Proceeds from sales	$	300,981	$	120,000	$	239,997
Gross realized gains		34		—		—
Gross realized losses		—		—		—

The majority of the investment securities sold during the years ended 2014, 2013, and 2012 were sold for tax planning purposes.

As further explained in Note 10, there was a blanket floating lien on all securities to secure Federal Home Loan Bank advances as of December 31, 2014 and 2013.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

Loans and Allowance for Loan Losses

12 Months Ended

Dec. 31, 2014

Loans and Allowance for Loan Losses

Loans and Allowance for Loan Losses

4. Loans and Allowance for Loan Losses

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

	December 31,
	2014			2013
Real estate:
Construction and land	$	69,966		$	47,643
Farmland		10,528			11,656
1 - 4 family residential		105,788			86,908
Multi-family residential		9,964			11,862
Nonfarm nonresidential		195,839			171,451
Commercial		207,101			160,823
Consumer		4,124			4,927

		603,310			495,270

Deferred loan fees		(51	)		(94	)
Allowance for loan losses		(5,981	)		(5,018	)

	$	597,278		$	490,158

Included in the net loan portfolio as of December 31, 2014 and 2013 is an accretable discount related to loans acquired within a business combination in the approximate amounts of $185 and $667, respectively. The discount is being accreted into income using the interest method over the life of the loans.

As of December 31, 2014, the Company had total commercial real estate loans (CRE) representing 246% of total risk-based capital. Included in these amounts, the Company had construction, land development, and other land loans representing 88% of total risk-based capital at December 31, 2014. Sound risk management practices and appropriate levels of capital are essential elements of a sound commercial real estate lending program. Concentrations of CRE exposures add a dimension of risk that compounds the risk inherent in individual loans. Interagency guidance on CRE concentrations describes sound risk management practices, which include board and management oversight, portfolio management, management information systems, market analysis, portfolio stress testing and sensitivity analysis, credit underwriting standards, and credit risk review functions. Management believes it has implemented these practices in order to monitor its CRE lending program. An institution which has reported loans for construction, land development, and other land loans representing 100% or more of total risk-based capital, or total non-owner occupied commercial real estate loans representing 300% or more of the institution's total risk-based capital and the outstanding balance of commercial real estate loan portfolio has increased by 50% or more during the prior 36 months, may be identified for further supervisory analysis by regulators to assess the nature and risk posed by the concentration.

The majority of the loan portfolio is comprised of loans to businesses and individuals in the Dallas metropolitan area. This geographic concentration subjects the loan portfolio to the general economic conditions within this area. The risks created by this concentration have been considered by management in the determination of the adequacy of the allowance for loan losses. Management believes the allowance for loan losses was adequate to cover estimated losses on loans as of December 31, 2014 and 2013.

Non-Accrual 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 non-accrual 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 non-accrual 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.

Non-accrual loans, excluding purchased credit impaired loans, aggregated by class of loans are as follows:

	December 31,
	2014		2013
Real estate:
Construction and land	$	—	$	76
Farmland		—		—
1 - 4 family residential		—		1,041
Multi-family residential		—		—
Nonfarm nonresidential		375		—
Commercial		34		—
Consumer		27		—

	$	436	$	1,117

During the years ended December 31, 2014 and 2013, interest income not recognized on non-accrual loans was minimal.

An age analysis of past due loans, aggregated by class of loans, as of December 31, 2014 and 2013 is as follows:

	December 31, 2014
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		Total Loans		Total 90 Days Past Due and Still Accruing
Real estate:
Construction and land	$	12	$	—	$	541	$	553	$	69,413	$	69,966	$	—
Farmland		—		—		—		—		10,528		10,528		—
1 - 4 family residential		512		—		—		512		105,276		105,788		—
Multi-family residential		—		—		—		—		9,964		9,964		—
Nonfarm nonresidential		—		375		—		375		195,464		195,839		—
Commercial		6		34		—		40		207,061		207,101		—
Consumer		26		—		—		26		4,098		4,124		—

	$	556	$	409	$	541	$	1,506	$	601,804	$	603,310	$	—

	December 31, 2013
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		Total Loans		Total 90 Days Past Due and Still Accruing
Real estate:
Construction and land	$	19	$	—	$	645	$	664	$	46,979	$	47,643	$	—
Farmland		—		—		—		—		11,656		11,656		—
1 - 4 family residential		168		—		1,041		1,209		85,699		86,908		—
Multi-family residential		—		—		—		—		11,862		11,862		—
Nonfarm nonresidential		—		—		—		—		171,451		171,451		—
Commercial		94		—		—		94		160,729		160,823		—
Consumer		34		9		9		52		4,875		4,927		9

	$	315	$	9	$	1,695	$	2,019	$	493,251	$	495,270	$	9

Impaired Loans

Impaired loans are those loans where it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. All troubled debt restructurings (TDRs) are considered impaired loans. Impaired loans are measured based on either the present value of expected future cash flows discounted at the loan's effective interest rate; the loan's observable market price; or the fair value of the collateral if the loan is collateral dependent. Substantially all of the Company's impaired loans are measured at the fair value of the collateral. Impaired loans, or portions thereof, are charged off when deemed uncollectible.

Impaired loans, including purchased credit impaired loans and troubled debt restructurings, at December 31, 2014 and 2013 are summarized in the following tables.

	December 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment During Year
Real estate:
Construction and land	$	819	$	—	$	541	$	541	$	44	$	611
Farmland		—		—		—		—		—		—
1 - 4 family residential		168		168		—		168		—		205
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1,086		1,086		—		1,086		—		980
Commercial		223		183		40		223		30		361
Consumer		38		8		30		38		13		44

Total	$	2,334	$	1,445	$	611	$	2,056	$	87	$	2,201

	December 31, 2013
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment During Year
Real estate:
Construction and land	$	971	$	645	$	—	$	645	$	—	$	871
Farmland		—		—		—		—		—		—
1 - 4 family residential		1,212		1,212		—		1,212		—		1,306
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1,900		1,900		—		1,900		—		1,462
Commercial		366		366		—		366		—		366
Consumer		32		32		—		32		—		28

Total	$	4,481	$	4,155	$	—	$	4,155	$	—	$	4,033

Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis.

During the years ended December 31, 2014 and 2013, total interest income and cash-based interest income recognized on impaired loans was minimal.

Troubled Debt Restructuring

Modifications of terms for the Company's loans and their inclusion as troubled debt restructurings are based on individual facts and circumstances. Loan modifications that are included as troubled debt restructurings 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 troubled debt restructurings was $1,677 and $4,078 as of December 31, 2014 and 2013. During the years ended December 31, 2014 and 2013, the terms of certain loans were modified as troubled debt restructurings as follows:

					2014
					Post-Modification Outstanding Recorded Investment
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Adjusted Interest Rate		Extended Maturity		Extended Maturity and Restructured Payments		Extended Maturity, Restructured Payments and Adjusted Interest Rate
Real estate loans:
Construction and land		—	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—		—
1 - 4 family residential		—		—		—		—		—		—
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Consumer		2		18		4		8		—		—

Total		2	$	18	$	4	$	8	$	—	$	—

					2013
					Post-Modification Outstanding Recorded Investment
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Adjusted Interest Rate		Extended Maturity		Extended Maturity and Restructured Payments		Extended Maturity, Restructured Payments and Adjusted Interest Rate
Real estate loans:
Construction and land		—	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—		—
1 - 4 family residential		2		1,203		—		1,051		—		171
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1		1,180		—		1,180		—		—
Commercial		1		16		—		—		16		—
Consumer		1		6		—		—		6		—

Total		5	$	2,405	$	—	$	2,231	$	22	$	171

All TDRs are measured individually for impairment. Of the two loans restructured during the year ended December 31, 2014, both are performing as agreed to the modified terms. A specific allowance for loan losses of $2 is recorded for one of the loans as of December 31, 2014. Neither of the two loans are on non-accrual status as of December 31, 2014.

Of the five loans restructured during the year ended December 31, 2013, four are performing as agreed to the modified terms and one was on non-accrual status as of December 31, 2013. No specific allowance for loan losses is recorded for this loan as of December 31, 2013.

Interest income recorded during 2014 and 2013 on the restructured loans and interest income that would have been recorded had the terms of the loan not been modified was immaterial.

There were no loans modified as a troubled debt restructured loan within the previous 12 months and for which there was a payment default during the year ended December 31, 2014. There was one loan modified as a troubled debt restructured loan within the previous 12 months and for which there was a payment default during the year ended December 31, 2013. The loan was secured by real estate, and a portion of the collateral property was foreclosed upon subsequent to the default. A charge-off of approximately $85 was recorded against the allowance for loan losses. A default for purposes of this disclosure is a troubled debt restructured loan in which the borrower is 90 days past due or results in the foreclosure and repossession of the applicable collateral.

The Company has not committed to lend additional amounts to customers with outstanding loans that were classified as TDRs as of December 31, 2014 or 2013.

Credit Quality Indicators

From a credit risk standpoint, the Company classifies its loans in one of four categories: (i) pass, (ii) special mention, (iii) substandard or (iv) doubtful. Loans classified as loss are charged-off.

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 impairments. 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 not so pronounced that the Company generally 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 rated more harshly.

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 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 non-accrual.

As of December 31, 2014 and 2013, the following summarizes the Company's internal ratings of its loans, including purchased credit impaired loans:

	December 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate:
Construction and land	$	69,425	$	—	$	541	$	—	$	69,966
Farmland		10,528		—		—		—		10,528
1 - 4 family residential		105,786		—		2		—		105,788
Multi-family residential		9,964		—		—		—		9,964
Nonfarm nonresidential		195,464		—		375		—		195,839
Commercial		205,681		672		748		—		207,101
Consumer		3,925		—		199		—		4,124

Total	$	600,773	$	672	$	1,865	$	—	$	603,310

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate:
Construction and land	$	46,998	$	—		645	$	—	$	47,643
Farmland		11,656		—		—		—		11,656
1 - 4 family residential		85,649		—		1,259		—		86,908
Multi-family residential		11,862		—		—		—		11,862
Nonfarm nonresidential		171,371		—		80		—		171,451
Commercial		158,919		731		1,173		—		160,823
Consumer		4,878		7		42		—		4,927

Total	$	491,333	$	738	$	3,199	$	—	$	495,270

An analysis of the allowance for loan losses for the years ended December 31, 2014, 2013 and 2012, is as follows:

	Year Ended December 31,
	2014			2013			2012
Balance at beginning of year	$	5,018		$	3,238		$	1,012
Provision charged to earnings		1,423			1,883			2,953
Charge-offs		(510	)		(240	)		(801	)
Recoveries		50			137			74

Net charge-offs		(460	)		(103	)		(727	)

Balance at end of year	$	5,981		$	5,018		$	3,238

The allowance for loan losses as a percentage of total loans is 0.99% and 1.01% as of December 31, 2014 and 2013, respectively.

The following tables summarize the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2014 and 2013:

	December 31, 2014
	Real Estate
	Construction Land and Farmland			Residential			Nonfarm Non- Residential		Commercial			Consumer			Total
Balance at beginning of year	$	660		$	970		$	1,726	$	1,585		$	77		$	5,018
Provision charged to earnings		137			226			162		909			(11	)		1,423
Charge-offs		(28	)		(30	)		—		(448	)		(4	)		(510	)
Recoveries		—			—			2		46			2			50

Net charge-offs		(28	)		(30	)		2		(402	)		(2	)		(460	)

Balance at end of year	$	769		$	1,166		$	1,890	$	2,092		$	64		$	5,981


Period-end amount allocated to:
Specific reserves:
Impaired loans	$	44		$	—		$	—	$	30		$	13		$	87

Total specific reserves		44			—			—		30			13			87

General reserves		725			1,166			1,890		2,062			51			5,894

Total	$	769		$	1,166		$	1,890	$	2,092		$	64		$	5,981

	December 31, 2013
	Real Estate
	Construction Land and Farmland		Residential			Nonfarm Non- Residential		Commercial			Consumer			Total
Balance at beginning of year	$	455	$	755		$	1,028	$	947		$	53		$	3,238
Provision charged to earnings		205		240			698		716			24			1,883
Charge-offs		—		(85	)		—		(110	)		(45	)		(240	)
Recoveries		—		60			—		32			45			137

Net charge-offs		—		(25	)		—		(78	)		—			(103	)

Balance at end of year	$	660	$	970		$	1,726	$	1,585		$	77		$	5,018


Period-end amount allocated to:
Specific reserves:
Impaired loans	$	—	$	—		$	—	$	—		$	—		$	—

Total specific reserves		—		—			—		—			—			—

General reserves		660		970			1,726		1,585			77			5,018

Total	$	660	$	970		$	1,726	$	1,585		$	77		$	5,018

The Company's recorded investment in loans as of December 31, 2014 and 2013 related to the balance in the allowance for loan losses on the basis of the Company's impairment methodology is as follows:

	December 31, 2014
	Real Estate
	Construction Land and Farmland		Residential		Nonfarm Non- Residential		Commercial		Consumer		Total
Loans individually evaluated for impairment	$	541	$	168	$	1,086	$	223	$	38	$	2,056
Loans collectively evaluated for impairment		79,953		115,584		194,753		206,878		4,086		601,254

Total	$	80,494	$	115,752	$	195,839	$	207,101	$	4,124	$	603,310

	December 31, 2013
	Real Estate
	Construction Land and Farmland		Residential		Nonfarm Non- Residential		Commercial		Consumer		Total
Loans individually evaluated for impairment	$	645	$	1,212	$	1,900	$	366	$	32	$	4,155
Loans collectively evaluated for impairment		58,654		97,558		169,551		160,457		4,895		491,115

Total	$	59,299	$	98,770	$	171,451	$	160,823	$	4,927	$	495,270

The Company has acquired certain loans which experienced credit deterioration since origination (purchased credit impaired loans). Accretion on purchased credit impaired loans is based on estimated future cash flows, regardless of contractual maturity.

The carrying amount of those loans as of December 31, 2014 and 2013 was as follows:

	December 31,
	2014		2013
Real estate:
Construction and land: unpaid principal balance	$	819	$	819


Carrying amount	$	541	$	569

There were no loans purchased during the years ended December 31, 2014 and 2013.

Income is not recognized on certain purchased credit impaired loans if the Company cannot reasonably estimate cash flows expected to be collected. Income on these loans is recognized using the asset recovery method. As of December 31, 2014 and 2013, there was only one purchased credit impaired loan remaining, which was accounted for using the cost recovery method. The carrying amounts of such loans were as follows:

	Year Ended December 31,
	2014		2013
Loans at the end of the year	$	541	$	569

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Bank Premises and Equipment

12 Months Ended

Dec. 31, 2014

Bank Premises and Equipment.

Bank Premises and Equipment

5. Bank Premises and Equipment

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

	December 31,
	2014		2013
Building and improvements	$	2,672	$	2,343
Leasehold improvements		2,942		2,873
Land		5,181		3,609
Furniture, fixtures and equipment		3,732		3,459

		14,527		12,284
Less accumulated depreciation		3,377		2,332

	$	11,150	$	9,952

The Company recorded depreciation expense of approximately $1,045, $972, and $764 for the years ended December 31, 2014, 2013 and 2012, respectively.

Non-marketable Equity Securities

12 Months Ended

Dec. 31, 2014

Non-marketable Equity Securities.

Non-marketable Equity Securities

6. Non-marketable Equity Securities

Investments in non-marketable equity securities in the accompanying consolidated balance sheets are summarized as follows:

	December 31,
	2014		2013
Federal Home Loan Bank of Dallas stock	$	1,907	$	827
Federal Reserve Bank of Dallas stock		2,182		1,837
Other non-marketable equity securities		50		50

	$	4,139	$	2,714

Intangible Assets

12 Months Ended

Dec. 31, 2014

Intangible Assets

Intangible Assets

7. Intangible Assets

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

	December 31, 2014
	Weighted Amortization Period	Gross Intangible Asset		Accumulated Amortization		Net Intangible Asset
Core deposit intangibles	5.0 years	$	2,380	$	1,170	$	1,210
Other intangible assets	4.9 years		107		56		51

		$	2,487	$	1,226	$	1,261

	December 31, 2013
	Weighted Amortization Period	Gross Intangible Asset		Accumulated Amortization		Net Intangible Asset
Core deposit intangibles	6.0 years	$	2,380	$	875	$	1,505
Other intangible assets	5.9 years		107		45		62

		$	2,487	$	920	$	1,567

For the year ended December 31, 2014, 2013, and 2012, amortization expense related to intangible assets totaled approximately $306, $308, and $308, respectively. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2014 was as follows:

Year	Amount
2015		301
2016		297
2017		297
2018		206
2019		87
Thereafter		73

	$	1,261

Goodwill

12 Months Ended

Dec. 31, 2014

Goodwill.

Goodwill

8. Goodwill

Changes in the carrying amount of goodwill are summarized as follows:

	December 31,
	2014		2013
Beginning of year	$	19,148	$	19,148
Effect of acquisitions		—		—
Impairment losses		—		—

End of year	$	19,148	$	19,148

Deposits

12 Months Ended

Dec. 31, 2014

Deposits.

Deposits

9. Deposits

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

	December 31,
	2014		2013
Noninterest-bearing demand accounts	$	251,124	$	218,990
Interest-bearing demand accounts		57,556		40,178
Savings accounts		6,101		5,286
Limited access money market accounts		227,074		210,131
Certificates of deposit, greater than $100		79,517		81,478
Certificates of deposit, less than $100		17,371		17,875

	$	638,743	$	573,938

As of December 31, 2014, the scheduled maturities of certificates of deposit were as follows:

Year	Amount
2015	$	84,304
2016		6,322
2017		2,201
2018		2,361
2019		1,700

	$	96,888

The aggregate amount of demand deposit overdrafts that have been reclassified as loans was $50 and $47 as of December 31, 2014 and 2013, respectively.

Advances from the Federal Home Loan Bank	12 Months Ended
Advances from the Federal Home Loan Bank	Dec. 31, 2014
Advances from the Federal Home Loan Bank
Advances from the Federal Home Loan Bank	10. Advances from the Federal Home Loan Bank Advances from the Federal Home Loan Bank totaled approximately $40,000 and $15,000 at December 31, 2014 and 2013, respectively. As of December 31, 2014, the advances were collateralized by a blanket floating lien on certain securities and loans, had a weighted average rate of 0.36% and mature on various dates during 2015, 2016 and 2018. The Company had the availability to borrow additional funds of approximately $236,067 as of December 31, 2014.

Other Credit Extensions	12 Months Ended
Other Credit Extensions	Dec. 31, 2014
Other Credit Extensions
Other Credit Extensions	11. Other Credit Extensions As of December 31, 2014 and 2013, the Company maintained two credit facilities with commercial banks which provide federal funds credit extensions with an availability to borrow up to an aggregate amount of approximately $14,600. There were no borrowings against these lines as of December 31, 2014 or 2013. As of December 31, 2014 and 2013, the Company maintained a secured line of credit with the Federal Reserve Bank with an availability to borrow approximately $164,026 and $127,088, respectively. Approximately $201,210 and $155,895 of commercial loans were pledged as collateral at December 31, 2014 and 2013, respectively. There were no borrowings against this line as of December 31, 2014 or 2013.

Junior Subordinated Debentures and Subordinated Notes

12 Months Ended

Dec. 31, 2014

Junior Subordinated Debentures and Subordinated Notes

Junior Subordinated Debentures and Subordinated Notes

12. Junior Subordinated Debentures and Subordinated Notes

Junior subordinated debentures and subordinated notes in the accompanying consolidated balance sheets are as follows:

	December 31,
	2014		2013
Junior subordinated debentures—Trust Securities with a rate of LIBOR plus 1.85% debentures payable to Parkway National Capital Trust 1 with stated maturity of 2036	$	3,093	$	3,093


Subordinated notes—unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21—effective interest rate of 6.025%)	$	4,981	$	4,979

Junior Subordinated Debentures

In connection with the acquisition of Fidelity Resource Company during 2011, the Company assumed $3.1 million in fixed/floating rate junior subordinated debentures underlying common securities and preferred capital securities, or the Trust Securities, issued by Parkway National Capital Trust I, a statutory business trust and acquired wholly-owned subsidiary of the Company. The Company assumed the guarantor position and as such, unconditionally guarantees payment of accrued and unpaid distributions required to be paid on the Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if a trust is liquidated or terminated.

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

The Trust Securities pay cumulative cash distributions quarterly at a rate per annum equal to the 3-month LIBOR plus 1.85% percent. 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 debenture 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, 2014 and 2013 was 2.09% and 2.10%, respectively. The 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 Trust Securities plus any accumulated and unpaid distributions thereon to the date of redemption. Prior redemption is permitted under certain circumstances.

The 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 (Notes) via a private offering. The Notes were issued to certain entities controlled by an affiliate of the Company for the purpose of using the proceeds to support the growth of the Company. The Notes are unsecured, with interest payable quarterly at a fixed rate of 6% per annum, and unpaid principal and interest due at the stated maturity in the year 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 in compliance with applicable statues and regulations.

In connection with the issuance of the Notes, the Company issued warrants to purchase 25,000 shares of common stock of the Company at $11 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 is recorded as additional paid-in capital and the related debt discount is being accreted into interest expense.

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Taxes

Income Taxes

13. Income Taxes

The provision for income taxes is summarized as follows:

	Year Ended December 31,
	2014			2013			2012
Income tax expense (benefit):
Current	$	3,171		$	2,491		$	534
Deferred		(466	)		(714	)		(398	)

	$	2,705		$	1,777		$	136

The table below reconciles income tax expense for the years ended December 31, 2014, 2013 and 2012 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,
	2014			2013			2012
Federal income tax expense rate at 34%	$	2,690		$	1,763		$	549
Stock option expense		—			76			58
Bank-owned life insurance income		(118	)		(110	)		(52	)
Non-deductible dues and memberships		50			48			44
Non-deductible meals and entertainment		43			24			—
Change in valuation allowance		—			—			(518	)
Other		40			(24	)		55

Total income tax expense		2,705			1,777			136

Effective tax rate		34.2	%		34.3	%		8.4	%

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,
	2014		2013
Deferred tax assets:
Net operating loss	$	—	$	96
Organizational costs		167		183
Allowance for loan losses		1,868		1,619
Deferred loan fees		18		32
Non-accrual interest		69		62
Capital loss carryforward		85		85
ORE write down for book purposes		—		55
Deferred rent expenses		66		70
Restricted stock		131		84
Stock options		73		—
Accrued bonuses		271		243
Other		137		134

Total deferred tax assets		2,885		2,663

Deferred tax liabilities:
Net unrealized gain on securities available for sale		88		14
Core deposit intangibles		412		512
FHLB stock dividends		27		26
Bank premises and equipment		973		1,118

Total deferred tax liabilities		1,500		1,670

Net deferred tax asset	$	1,385	$	993

Included in the accompanying consolidated balance sheets in as of December 31, 2014 is a current tax liability of $89 in accrued interest payable and other liabilities and a net deferred tax asset of $1,385 in other assets. Included in the accompanying consolidated balance sheets in other assets as of December 31, 2013 is a current tax receivable of $292 and a net deferred tax asset of $993.

Commitment and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies

Commitments and Contingencies

14. 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 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.

Operating Leases

The Company leases several of its banking facilities under operating leases expiring in various years through 2022. Minimum future rental payments under these non-cancelable operating leases as of December 31, 2014 for each of the next five years and in the aggregate are:

Year Ended December 31,	Amount
2015	$	955
2016		879
2017		904
2018		816
2019		751
Thereafter		1717

	$	6,022

Rental expense was approximately $1,468, $1,353 and $1,205 for the years ended December 31, 2014, 2013 and 2012, respectively.

Certain of the operating leases above provide for renewal options at their fair value at the time of renewal. In the normal course of business, operating leases are generally renewed or replaced by other leases.

During 2012, the Company relocated its corporate office facilities and incurred an approximate loss of $102 for early contract termination of the leased space. All terminating costs were recorded in occupancy of bank premises in the accompanying consolidated statements of income with a corresponding deferral recorded in other liabilities in the accompanying consolidated balance sheets. The liability was reduced as the remaining lease payments were made. As of December 31, 2014 there was no remaining liability. As of December 31, 2013, approximately $7 remained as a liability in the accompanying consolidated balance sheet.

Other Non-interest Expense

12 Months Ended

Dec. 31, 2014

Other Non-interest Expense

Other Non-interest Expense

15. Other Non-interest Expense

Significant components of the Company's other non-interest expense are as follows:

	Years ended December 31,
	2014		2013		2012
Business development	$	446	$	308	$	235
Office and postage		240		216		304
Director fees		198		83		45
Insurance		92		99		95
Security		115		105		102
Charitable contributions and dontations		147		135		62
Travel		41		42		37
Training		45		34		26
Other		787		701		553

Total	$	2,111	$	1,723	$	1,459

Fair Value Disclosures

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures

Fair Value Disclosures

16. 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 sponsored enterprises and agencies, obligations of state and municipal subdivisions, corporate bonds and mortgage-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:

Investment Securities Available For Sale: Securities classified as available for sale are reported at fair value utilizing Level 2 inputs. For those 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, market consensus prepayments speeds, credit information and the bond's terms and conditions, among other things.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2014 and 2013, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	Fair Value Measurements Using
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
As of December 31, 2014:
Investment securities available for sale	$	—	$	45,127	$	—	$	45,127
As of December 31, 2013:
Investment securities available for sale	$	—	$	45,604	$	—	$	45,604

There were no liabilities measured at fair value on a recurring basis as of December 31, 2014 and 2013.

There were no transfers between Level 2 and Level 3 during the years ended December 31, 2014 and 2013.

Certain assets and liabilities 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).

Assets measured at fair value on a non-recurring basis include impaired loans and other real estate owned. The fair value of impaired loans with specific allocations of the allowance for loan losses and other real estate owned is based upon recent real estate appraisals less estimated costs of sale. For residential real estate impaired loans and other real estate owned, appraised values are based on the comparative sales approach. For commercial and commercial real estate impaired loans and other real estate owned, appraisers may use either a single valuation approach or a combination of approaches such as comparative sales, cost or the income approach. A significant unobservable input in the income approach is the estimated income capitalization rate for a given piece of collateral. Adjustments to appraisals may be made to reflect local market conditions or other economic factors and may result in changes in the fair value of a given asset over time. As such, the fair value of impaired loans and other real estate owned are considered a Level 3 in the fair value hierarchy.

The Company recovers the carrying value of other real estate owned through the sale of the property. The ability to affect future sales prices is subject to market conditions and factors beyond the Company's control and may impact the estimated fair value of a property.

Appraisals for impaired loans and other real estate owned 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.

The following table summarizes assets measured at fair value on a non- recurring basis as of December 31, 2014 and 2013, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	Fair Value Measurements Using
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
As of December 31, 2014:
Assets:
Impaired loans	$	—	$	—	$	2,056	$	2,056
Other real estate owned	$	—	$	—	$	50	$	50
As of December 31, 2013:
Assets:
Impaired loans	$	—	$	—	$	4,155	$	4,155
Other real estate owned	$	—	$	—	$	1,797	$	1,797

At December 31, 2014, impaired loans had a carrying value of $2,056, with $87 specific allowance for loan loss allocated. At December 31, 2013, impaired loans had a carrying value of $4,155, with no specific allowance for loan loss allocated.

Other real estate owned properties are measured for impairment using the fair value of the collateral less estimated cost to sell and had a carrying amount of approximately $53 and $1,959 reduced by approximately $3 and $162, for the years ended December 31, 2014 and 2013, respectively.

There were no liabilities measured at fair value on a non-recurring basis as of December 31, 2014 and 2013.

For Level 3 financial assets measured at fair value as of December 31, 2014 and 2013, the significant unobservable inputs used in the fair value measurements were as follows:

December 31, 2014
Assets/Liabilities	Fair Value		Valuation Technique	Unobservable Input(s)	Weighted Average
Impaired loans	$	2,056	Collateral Method	Adjustments for selling costs		8	%
Other real estate owned	$	50	Collateral Method	Adjustments for selling costs		8	%

December 31, 2013
Assets/Liabilities	Fair Value		Valuation Technique	Unobservable Input(s)	Weighted Average
Impaired loans	$	4,155	Collateral Method	Adjustments for selling costs		8	%
Other real estate owned	$	1,797	Collateral Method	Adjustments for selling costs		8	%

Fair Value of Financial Instruments

The Company is required under current authoritative guidance to disclose the estimated fair value of their 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. 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 the estimates 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 estimation 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 amounts of cash and cash equivalents approximate their fair value.

Loans and loans held for sale: For variable-rate loans that reprice frequently and have no significant changes in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (for example, one-to-four family residential), commercial real estate and commercial loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.

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

Non-marketable equity securities: The carrying value of restricted securities such as stock in the Federal Home Loan Bank of Dallas and Independent Bankers Financial Corporation approximates fair value.

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 certificates to a schedule of aggregated expected monthly maturities on time deposits.

Advances from Federal Home Loan Bank: 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.

Junior subordinated debentures and subordinated notes: The fair values are based upon prevailing rates on similar debt in the market place.

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

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 under current authoritative guidance as of December 31, 2014 and 2013 were as follows:

	December 31,
	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Level 2 inputs:
Cash and cash equivalents	$	93,251	$	93,251	$	76,646	$	76,646
Securities available for sale		45,127		45,127		45,604		45,604
Loans held for sale		8,858		8,858		2,051		2,051
Accrued interest receivable		1,542		1,542		1,351		1,351
Bank-owned life insurance		17,822		17,822		10,475		10,475
Non-marketable equity securities		4,139		4,139		2,714		2,714
Level 3 inputs:
Loans, net		597,278		596,138		490,158		490,344
Financial liabilities:
Level 2 inputs:
Deposits	$	638,743	$	630,402	$	573,938	$	568,451
Advances from FHLB		40,000		40,028		15,000		15,055
Accrued interest payable		126		126		134		134
Junior subordinated debentures		3,093		3,093		3,093		3,093
Subordinated notes		4,981		4,981		4,979		4,979

- 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

Financial Instruments with Off-Balance Sheet Risk

12 Months Ended

Dec. 31, 2014

Financial Instruments with Off-Balance Sheet Risk

Financial Instruments with Off-Balance Sheet Risk

17. Financial Instruments with Off-Balance Sheet Risk

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 and standby 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 the financial instrument for commitments to extend credit and standby 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, 2014 and 2013:

	December 31,
	2014		2013
Commitments to extend credit	$	144,224	$	92,827
Standby letters of credit		818		210

	$	145,042	$	93,037

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. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management's credit evaluation of the borrower.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby 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.

Although the maximum exposure to loss is the amount of such commitments, management currently anticipates no material losses from such activities.

Employee Benefits

12 Months Ended

Dec. 31, 2014

Employee Benefits

Employee Benefits

18. Employee Benefits

Defined contribution plan

The Company maintains a retirement savings 401(k) profit sharing plan (Plan) in which substantially all employees may participate. The Plan provides for "before tax" employee 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. No matching contributions to the Plan were made for the years ending December 31, 2014 and 2013.

ESOP

In January 2014, the ESOP borrowed $500 from the Company and purchased 46,082 shares of the common stock of the Company. The ESOP debt is secured by shares of the Company. The loan will be repaid from contributions to the ESOP from the Company. As the debt is repaid, shares are released from collateral and allocated to employees' accounts. The shares pledged as collateral are reported as unearned ESOP shares in the consolidated balance sheets. During year ended December 31, 2014 the ESOP loan was repaid approximately $118 from contributions to ESOP from the Company. As a result of the repayment, 9,147 shares were released from collateral and allocated to employee participant accounts. During the year ended December 31, 2013, the ESOP purchased 7,811 shares of the Company's common stock and allocated the shares to the plan participants.

Compensation expense attributed to the ESOP contributions recorded in the accompanying consolidated statements of income for years ended December 31, 2014 and 2013 was approximately $152 and $120, respectively.

The following is a summary of ESOP shares as of December 31, 2014 and December 31, 2013.

	December 31, 2014		December 31, 2013
Allocated shares		16,958		7,811
Unearned shares		36,935		—

Total ESOP shares		53,893		7,811


Fair value of unearned shares	$	523	$	—

Stock and Incentive Plans

12 Months Ended

Dec. 31, 2014

Stock and Incentive Plans

Stock and Incentive Plans

19. 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 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 Incentive Plan is 1,000,000. The Incentive Plan is administered by the Board of Directors 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 Incentive Plan. The Company may grant either incentive stock options or nonqualified stock options as directed in the Incentive Plan.

The Board authorized that the Incentive Plan provide for the award of 100,000 shares of direct stock awards (restricted shares) and 900,000 shares of stock options, of which 500,000 shares are performance-based stock options. Options are generally granted with an exercise price equal to the market price of the Company's stock at the date of the grant; those option awards generally vest based on 5 years of continuous service and have 10-year contractual terms for non-controlling participants as defined by the Incentive Plan, and forfeiture of unexercised options upon termination of employment with the Company. Other grant terms can vary for controlling participants as defined by the Incentive Plan. Restricted share awards generally vest after 4 years of continuous service. The terms of the Incentive Plan include a provision whereby all unearned non-performance options and restricted shares become immediately exercisable and fully vested upon a change in control. The vesting of a performance-based stock option is contingent upon a change of control and the achievement of specific performance criteria or other objectives set at the grant date.

With the adoption the of the 2014 Omnibus Plan, which is discussed below, the Company does not plan to award any additional grants or options under the Incentive Plan.

On October 9, 2014, the Company cancelled outstanding performance-based options to purchase 467,500 shares of Company common stock with a weighted average exercise price of $10.13 per share under the Incentive Plan, and granted 81,480 restricted stock units to 29 employees and directors under the 2014 Omnibus Plan. The Company accounted for cancellation of the equity awards and replacement as a modification of the original awards. The 81,480 restricted stock units fully vest five years from the date of the grant with 20% vesting each year. The incremental compensation cost resulting from the modification amounts to $1,059 which will be recognized over the 5 year vesting period net of expected forfeitures.

During the year ended 2014, the Company awarded 28,500 restricted shares, 30,000 nonperformance-based stock options and 50,000 performance-based stock options.

During the year ended 2013, the Company awarded 1,000 restricted shares, 10,000 nonperformance-based stock options and 10,000 performance-based stock options.

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, 2014, 2013 and 2012, approximately $329, $323 and $255 of stock compensation expense related to the Incentive Plan, respectively, was recognized in the accompanying consolidated statements of income. As of December 31, 2014, there was approximately $230 of unrecognized compensation expense related to non-vested share-based compensation awards that is expected to be recognized over the remaining requisite service periods of the awards granted. As of December 31, 2013, there was approximately $1,670 of unrecognized compensation expense related to non-vested share-based compensation awards of which $844 that was expected to be recognized over the remaining requisite service periods of the awards granted. The remaining unrecognized compensation expense of $826 was not expected to be recognized as the certain performance criteria on the performance options were not expected to be achieved..

The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions used for the grants:

	December 31,
	2014	2013
Dividend yield	0.00%	0.00%
Expected life	6.5 to 6.9 years	10 years
Expected volatility	5.6%	4.00%
Risk-free interest rate	2.54% to 2.85%	2.05% to 2.75%

The expected life is based on the expected amount of time that options granted are expected to be outstanding. The dividend yield assumption is based on the Company's history. The expected volatility is based on historical volatility of the Company. The risk-free interest rates are based upon yields of U.S. Treasury issues with a term equal to the expected life of the option being valued.

A summary of option activity under the 2010 Incentive Plan as of December 31, 2014 and 2013, and changes during the years then ended is presented below:

	2014
	Nonperformance-based stock options						Performance-based stock options
	Shares Underlying Options			Weighted Exercise Price		Weighted Average Contractual Term	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Contractual Term
Outstanding at beginning of year		327,500		$	10.03	7.69 years		422,500		$	10.02	8.0 years


Granted during the year		30,000			11.53			50,000			11.26
Forfeited during the year		(5,000	)		10.85			(5,000	)		10.85
Cancelled		—			—			(467,500	)		10.14
Exercised during the year		—			—			—			—

Outstanding at the end of year		352,500		$	10.14	6.58 years		—			—	—


Options exercisable at end of year		189,000		$	10.05	6.37 years		—		$	—	—


Weighted average fair value of options granted during the year				$	1.94					$	2.03

	2013
	Nonperformance-based stock options						Performance-based stock options
	Shares Underlying Options			Weighted Exercise Price		Weighted Average Contractual Term	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Contractual Term
Outstanding at beginning of year		332,500		$	10.00	8.18 years		432,500		$	10.00	8.0 years


Granted during the year		10,000			10.85			10,000			10.85
Forfeited during the year		(15,000	)		10.00			(20,000	)		10.00
Exercised during the year		—			—			—			—

Outstanding at the end of year		327,500		$	10.03	7.69 years		422,500		$	10.02	8.0 years


Options exercisable at end of year		115,500		$	10.00	7.02 years		—		$	—	—


Weighted average fair value of options granted during the year				$	2.51					$	2.51

As of December 31, 2014 and 2013, the aggregate intrinsic value was $1,420 and $939, respectively, for outstanding nonperformance-based options and $780 and $335, respectively, for exercisable nonperformance-based stock options.

As of December 31, 2014 no performance-based stock options were outstanding or excercisable . As of December 31, 2013, the aggregate intrinsic value was $1,216 for performance-based stock options. No performance-based stock options were exercisable as of December 31, 2013.

As of December 31, 2014 and 2013, there was $230 and $1,520, respectively, of total unrecognized compensation expense related to non-vested option shares, of which $230 and $402, respectively, was related to the nonperformance-based stock options. The nonperformance-based stock option expense as of December 31, 2014 will be recognized over the remaining weighted average requisite service period of 2.33 years. Expense associated with the performance-based stock options was based on the probability of future changes in control and other market conditions. During 2014 all of the outstanding performance-based options were cancelled and replaced with restricted stock units awarded under 2014 Omnibus Plan. Accordingly, there is no unrecognized compensation expense for these performance-based options as of December 31, 2014. During 2013, management determined that one performance condition had been met and expensed a portion of the performance-based option expense. Total unrecognized compensation expense related to these performance-based options as of December 31, 2013 was approximately $349, and was expected to be recognized over the remaining weighted average requisite service period of 7 years. Management did not anticipate meeting the other market conditions in the foreseeable future; therefore, no performance-based stock option expense related to these conditions was recorded for the year ended December 31, 2013.

A summary of the status of the Company's restricted shares as of December 31, 2014 and 2013, and changes during the years then ended is as follows:

	2014					2013
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1,		35,000		$	10.02		40,000		$	10.00
Granted during the year		28,500			11.93		1,000			10.85
Vested during the year		—			—		—			—
Forfeited during the year		(1,250	)		10.85		(6,000	)		10.00

Nonvested at December 31,		62,250		$	10.86		35,000		$	10.02

As of December 31, 2014 and 2013, there was $286, and $150, respectively, of total unrecognized compensation expense related to nonvested restricted shares. The compensation expense as of December 31, 2014 expected to be recognized over the remaining weighted average requisite service period of 1.74 years.

2014 Omnibus Plan

In September of 2014, the Company adopted an omnibus incentive plan or the 2014 Omnibus Plan (Omnibus Plan). The purpose of the Omnibus Plan is to align the long-term financial interests of the employees, directors, consultants and other service providers with those of the shareholders, to attract and retain those employees, directors, consultants and other service providers by providing compensation opportunities that are competitive with other companies and to provide incentives to those individuals who contribute significantly to the Company's long-term performance and growth. To accomplish these goals, the Omnibus Plan permits the issuance of stock options, share appreciation rights, restricted shares, restricted share units, deferred shares, unrestricted shares and cash-based awards. The maximum number of shares of the Company's common stock that may be issued pursuant to grants or options under the Omnibus Plan is 1,000,000.

On October 9, 2014, the Company cancelled outstanding performance-based options to purchase 467,500 shares of Company common stock with a weighted average exercise price of $10.13 per share under the Incentive Plan, and granted approximately 81,480 restricted stock units to 29 employees and directors under the 2014 Omnibus Plan. The Company accounted for cancellation of the equity awards and replacement as a modification of the original awards. The 81,480 restricted stock units fully vest five years from the date of the grant with 20% vesting each year. The incremental compensation cost resulting from the modification amounts to $1,059 which will be recognized over the 5 year vesting period net of expected forfeitures.

In addition to the 81,480 restricted units granted in conjunction with the cancellation of peformance based options, the Company granted an additional 8,223 restricted stock units to its employees and directors during 2014 under the Omnibus Plan. As of December 31, 2014, 89,903 restricted stock units had been granted under the Omnibus Plan.

A summary of the status of the Company's restricted stock units as of December 31, 2014, and changes during the years then ended is as follows:

	2014
	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1,		—			—
Granted during the year		89,703			13.00
Vested during the year		(7,000	)		—
Forfeited during the year		—			—

Nonvested at December 31,		82,903		$	13.00

For the years ended December 31, 2014 approximately $126 was recognized of stock compensation expense in the accompanying consolidated statements of income. As of December 31, 2014 there was $922 of total unrecognized compensation expense related to nonvested restricted stock units. The compensation expense is expected to be recognized over the remaining weighted average requisite service period of 4.74 years.

Significant Concentrations of Credit Risk	12 Months Ended
Significant Concentrations of Credit Risk	Dec. 31, 2014
Significant Concentrations of Credit Risk
Significant Concentrations of Credit Risk	20. Significant Concentrations of Credit Risk Most of the Company's business activity is with customers located within the Dallas Metropolitan area. Such customers are normally also depositors of the Company. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Commercial and standby letters of credit were granted primarily to commercial borrowers. The contractual amounts of credit related financial instruments such as commitments to extend credit, 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, 2014
Related Party Transactions
Related Party Transactions	21. 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. In the opinion of management, such transactions are on the same terms, including interest rates and collateral requirements, as those prevailing at the time for comparable transactions with unaffiliated persons. The aggregate amounts of such loans were approximately $11,353 and $16,703 as of December 31, 2014 and 2013, respectively. During the year ended December 31, 2014, new advances of approximately $2,745 were made with approximately $8,095 principal payments received. During the year ended December 31, 2013, new advances of approximately $7,102 were made with approximately $8,787 principal payments received. There were $228 and $1,398 in unfunded commitments to related parties as of December 31, 2014 and 2013, respectively. Deposits received from related parties as of December 31, 2014 and 2013 totaled approximately $17,303 and $15,511, respectively. As disclosed in Note 12, the Company issued $5,000 in subordinated notes to two entities controlled by a certain affiliate of the Company.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Preferred Stock	12 Months Ended
Preferred Stock	Dec. 31, 2014
Preferred Stock
Preferred Stock	22. Preferred Stock On August 25, 2011, the Company entered into a Small Business Lending Fund-Securities Purchase Agreement (SBLF Purchase Agreement) with the Secretary of the Treasury, pursuant to which the Company (i) sold 8,000 shares of the Company's Senior Non-Cumulative Perpetual Preferred Stock, Series C (the SBLF Preferred Stock) to the Secretary of the Treasury for a purchase price of $8,000. The issuance was pursuant to the SBLF program, a fund established under the Small Business Jobs Act of 2010 that was created to encourage lending to small business by providing capital to qualified community banks. The SBLF Preferred Stock qualifies as Tier 1 capital and pays non- cumulative dividends quarterly, on each January 1, April 1, July 1 and October 1. The dividend rate, as a percentage of the liquidation amount, can fluctuate on a quarterly basis during the first 10 quarters during which the SBLF Preferred Stock is outstanding, based upon changes in the level of "Qualified Small Business Lending" or "QBSL" (as defined in the SBLF Purchase Agreement) by the Bank. Based upon the increase in the Bank's level of QBSL over the baseline level calculated under the terms of the SBLF Purchase Agreement, the dividend rate for the initial dividend period for the Company was set at 1.00%. For the tenth calendar quarter through four and one half years after issuance, the dividend rate will be fixed and as of December 31, 2014 was set at one percent (1%) based upon the increase in QBSL as compared to the baseline. After four and one half years from issuance, the dividend rate will increase to 9% (including a quarterly lending incentive fee of 0.5%). The SBLF Preferred Stock is non-voting, except in limited circumstances. In the event that the Company misses five dividend payments, whether or not consecutive, the holder of the SBLF Preferred Stock will have the right, but not the obligation, to appoint a representative as an observer on the Company's Board of Directors. The right expires when full dividends have been paid for four consecutive dividend periods. The SBLF Preferred Stock may be redeemed at any time at the Company's option, at a redemption price of 100% of the liquidation amount of $1,000 per share plus accrued but unpaid dividends to the date of redemption for the current period, subject to the approval of its federal banking regulator.

Capital Requirements and Restrictions on Retained Earnings

12 Months Ended

Dec. 31, 2014

Capital Requirements and Restrictions on Retained Earnings

Capital Requirements and Restrictions on Retained Earnings

23. Capital Requirements and Restrictions on Retained Earnings

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

The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, 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 classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of December 31, 2014 and 2013 that the Bank met all capital adequacy requirements to which it was subject.

As of December 31, 2014 and 2013, the Bank's capital ratios exceeded those levels necessary to be categorized as "well capitalized" under the regulatory framework for prompt corrective action. To be categorized as "well capitalized", the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since December 31, 2014 that management believes have changed the Bank's category.

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, 2014:
Total capital (to risk weighted assets)
Company	$	107,197		17.22	%		$	49,814			8.0	%			N/A			N/A
Bank	$	79,616		12.79	%		$	49,788			8.0	%		$	62,235			10.0	%
Tier 1 capital (to risk weighted assets)
Company	$	96,236		15.46	%		$	24,907			4.0	%			N/A			N/A
Bank	$	73,635		11.83	%		$	24,894			4.0	%		$	37,341			6.0	%
Tier 1 capital (to average assets)
Company	$	96,236		12.66	%		$	30,400			4.0	%			N/A			N/A
Bank	$	73,635		9.69	%		$	30,386			4.0	%		$	37,983			5.0	%
As of December 31, 2013:
Total capital (to risk weighted assets)
Company	$	59,100		11.74	%		$	40,288			8.0	%			N/A			N/A
Bank	$	57,275		11.37	%		$	40,296			8.0	%		$	50,370			10.0	%
Tier 1 capital (to risk weighted assets)
Company	$	49,103		9.75	%		$	20,144			4.0	%			N/A			N/A
Bank	$	52,257		10.37	%		$	20,148			4.0	%		$	30,222			6.0	%
Tier 1 capital (to average assets)
Company	$	49,103		8.06	%		$	24,373			4.0	%			N/A			N/A
Bank	$	52,257		8.58	%		$	24,369			4.0	%		$	30,461			5.0	%

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958572-112826

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1E
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958574-112826

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=35709795&loc=d3e65071-112826

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958569-112826

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958568-112826

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2014
Subsequent Events
Subsequent Events	24. Subsequent Events On March 9, 2015, The Company entered into a definitive merger agreement with IBT Bancorp, Inc. ("IBT"), the parent holding company of Independent Bank of Texas ("Independent Bank"), headquartered in Irving, Texas. Independent Bank operates two banking locations in the Dallas metropolitan area. At December 31, 2014, IBT had total assets of approximately $121 million, total loans of approximately $99 million and total deposits of approximately $104 million. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, the Company will issue 1,185,185 shares of common stock plus $4.0 million in cash in exchange for all of the outstanding shares of IBT capital stock, subject to certain conditions and potential adjustments. Upon the closing of the transaction, Independent Bank will merge with and into Veritex Community Bank. Completion of the transaction is subject to certain closing conditions, including receipt of IBT shareholder approval and customary regulatory approvals. The transaction is expected to close late in the third quarter of 2015.

Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2014

Parent Company Only Financial Statements

Parent Company Only Financial Statements

25. Parent Company Only Financial Statements

The following 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 Sheets

	December 31,
	2014			2013
Assets
Cash and cash equivalents	$	27,399		$	2,018
Investment in subsidiaries		93,897			72,579
Other assets		232			300

Total assets	$	121,528		$	74,897


Liabilities and Stockholders' Equity
Other liabilities	$	142		$	586
Other borrowings		8,074			8,072

Total liabilities		8,216			8,658

Stockholders' equity
Preferred stock		8,000			8,000
Common stock		95			58
Additional paid-in capital		97,469			55,303
Retained earnings		8,047			2,922
Unallocated Employee Stock Ownership Plan Shares		(401	)		—
Treasury stock		(70	)		(70	)
Accumulated other comprehensive income		172			26

Total stockholders' equity		113,312			66,239

Total liabilities and stockholders' equity	$	121,528		$	74,897

Statements of Income

	Years Ended December 31,
	2014			2013
Interest income:
Other	$	2		$	2
Interest expense:
Interest on borrowings		379			63

Net interest expense		(377	)		(61	)
Noninterest expense:
Salaries and employee benefits		162			162
Professional fees		212			76
Other		17			—

Total noninterest expense		391			238

Loss before income tax benefit and equity in undistributed
Income of subsidiaries		(768	)		(299	)
Income tax benefit		(256	)		(102	)

(Loss) Income before equity in undistributed income of subsidiaries		(512	)		(197	)
Equity in undistributed income of subsidiaries		5,717			3,605

Net income	$	5,205		$	3,408

Statements of Cash Flows

	Years Ended December 31,
	2014			2013
Cash flows from operating activities:
Net income	$	5,205		$	3,408
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of debt costs		2			—
Equity in undistributed net income of Bank		(5,717	)		(3,605	)
Decrease in other assets		68			389
(Decrease) increase in other liabilities		(444	)		580

Net cash (used in) provided by operating activities		(886	)		772

Cash flows from investing activities:
Capital investment in subsidiaries		(15,000	)		(6,000	)

Net cash used in investing activities		(15,000	)		(6,000	)

Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574		35,791			—
Proceeds from issuance of common stock, net		5,438			1,210
Purchase of common stock held in treasury		—			(70	)
Proceeds from Payments on ESOP Loan		118			—
Dividends paid on preferred stock		(80	)		(60	)
Issuance of subordinated notes		—			5,000

Net cash provided by financing activities		41,267			6,080

Net increase in cash and cash equivalents		25,381			852
Cash and cash equivalents at beginning of year		2,018			1,166

Cash and cash equivalents at end of year	$	27,399		$	2,018

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Basis of Presentation

All material intercompany transactions have been eliminated in consolidation.

Segment Reporting

Segment Reporting:

The Company has one reportable segment. The Company's chief operating decision-maker, the CEO, uses consolidated results to make operating and strategic decisions.

Initial Public Offering (IPO)

Initial Public Offering (IPO):

Use of Estimates

Cash and Cash Equivalents

For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks and federal funds sold.

Restrictions on cash

Investment Securities

Loans Held for Sale

Loans and Allowance for Loan Losses

The allowance for loan losses is increased by charges against income and decreased by charge-offs (net of recoveries).

Certain Acquired Loans

Transfers of Financial Assets

Bank Premises and Equipment

Buildings and improvements		10 - 40 years
Leasehold improvements		Term of lease
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 operations as incurred.

Non-Marketable Equity Securities

Other Real Estate Owned

Bank-Owned Life Insurance

Goodwill and Intangible Assets

Advertising

Advertising consists of the Company's advertising in its local market. Advertising is expensed as incurred.

Income Taxes

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

Fair Values of Financial Instruments

Stock Based Compensation

Treasury Stock

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

Comprehensive Income

ESOP

Earnings Per Share

	Years ended December 31,
	2014		2013		2012
Earnings (numerator)
Net income for common stockholders	$	5,205	$	3,408	$	1,479
Less: preferred stock dividends		80		60		100

Net income allocated to common stockholders	$	5,125	$	3,348	$	1,379


Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)		6,992		5,788		5,641
Dilutive effect of employee stock-based awards		161		61		37

Adjusted weighted average shares outstanding		7,153		5,849		5,678


Earnings per share:
Basic	$	0.73	$	0.58	$	0.24


Diluted	$	0.72	$	0.57	$	0.24

Summary of Significant Accounting Policy (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Schedule of estimated lives of the respective assets

Buildings and improvements		10 - 40 years
Leasehold improvements		Term of lease
Furniture and equipment		3 - 10 years

Schedule of reconciliation between weighted average shares used for calculating basic and diluted EPS

	Years ended December 31,
	2014		2013		2012
Earnings (numerator)
Net income for common stockholders	$	5,205	$	3,408	$	1,479
Less: preferred stock dividends		80		60		100

Net income allocated to common stockholders	$	5,125	$	3,348	$	1,379


Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)		6,992		5,788		5,641
Dilutive effect of employee stock-based awards		161		61		37

Adjusted weighted average shares outstanding		7,153		5,849		5,678


Earnings per share:
Basic	$	0.73	$	0.58	$	0.24


Diluted	$	0.72	$	0.57	$	0.24

Investment Securities (Table)

12 Months Ended

Dec. 31, 2014

Investment Securities

Schedule of carrying amount and approximate fair values of available-for-sale securities

	December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for Sale
U.S. government agencies	$	1,928	$	—	$	47	$	1,881
Corporate bonds		500		—		—		500
Municipal securities		965		22		—		987
Mortgage-backed securities		28,588		256		73		28,771
Collateralized mortgage obligations		11,752		124		37		11,839
Asset-backed securities		1,134		15		—		1,149

	$	44,867	$	417	$	157	$	45,127

	December 31, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for Sale
U.S. government agencies	$	2,019	$	—	$	95	$	1,924
Corporate bonds		1,445		35		—		1,480
Municipal securities		934		24		—		958
Mortgage-backed securities		24,898		220		187		24,931
Collateralized mortgage obligations		14,898		158		141		14,915
Asset-backed securities		1,370		26		—		1,396

	$	45,564	$	463	$	423	$	45,604

Schedule of investment securities that have been in a continuous unrealized loss position

	December 31, 2014
	Less Than 12 Months				12 Months or More				Totals
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Available for Sale
U.S. government agencies	$	—	$	—	$	1,881	$	47	$	1,881	$	47
Mortgage-backed securities		10,148		39		3,572		34		13,720		73
Collateralized mortgage obligations		1,580		7		2,442		30		4,022		37

	$	11,728	$	46	$	7,895	$	111	$	19,623	$	157

	December 31, 2013
	Less Than 12 Months				12 Months or More				Totals
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Available for Sale
U.S. government agencies	$	1,924	$	95	$	—	$	—	$	1,924	$	95
Mortgage-backed securities		10,612		187		—		—		10,612		187
Collateralized mortgage obligations		10,222		140		46		1		10,268		141

	$	22,758	$	422	$	46	$	1	$	22,804	$	423

Schedule of amortized costs and estimated fair values of securities available for sale, by contractual maturity

	December 31, 2014
	Available For Sale
	Amortized Cost		Fair Value
Due in one year or less	$	500	$	500
Due from one year to five years		1,930		1,932
Due from five years to ten years		963		936
Due after ten years		—		—

		3,393		3,368
Mortgage-backed securities		28,588		28,771
Collateralized mortgage obligations		11,752		11,839
Asset-backed securities		1,134		1,149

	$	44,867	$	45,127

Schedule of proceeds from sales of investment securities available for sale and gross gains and losses

	December 31,
	2014		2013		2012
Proceeds from sales	$	300,981	$	120,000	$	239,997
Gross realized gains		34		—		—
Gross realized losses		—		—		—

Loans and Allowance for Loan Losses (Table)

12 Months Ended

Dec. 31, 2014

Loans and Allowance for Loan Losses

Summary of loans

	December 31,
	2014			2013
Real estate:
Construction and land	$	69,966		$	47,643
Farmland		10,528			11,656
1 - 4 family residential		105,788			86,908
Multi-family residential		9,964			11,862
Nonfarm nonresidential		195,839			171,451
Commercial		207,101			160,823
Consumer		4,124			4,927

		603,310			495,270

Deferred loan fees		(51	)		(94	)
Allowance for loan losses		(5,981	)		(5,018	)

	$	597,278		$	490,158

Schedule of non-accrual loans, excluding purchased credit impaired loans, aggregated by class of loans

	December 31,
	2014		2013
Real estate:
Construction and land	$	—	$	76
Farmland		—		—
1 - 4 family residential		—		1,041
Multi-family residential		—		—
Nonfarm nonresidential		375		—
Commercial		34		—
Consumer		27		—

	$	436	$	1,117

Schedule of age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans

	December 31, 2014
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		Total Loans		Total 90 Days Past Due and Still Accruing
Real estate:
Construction and land	$	12	$	—	$	541	$	553	$	69,413	$	69,966	$	—
Farmland		—		—		—		—		10,528		10,528		—
1 - 4 family residential		512		—		—		512		105,276		105,788		—
Multi-family residential		—		—		—		—		9,964		9,964		—
Nonfarm nonresidential		—		375		—		375		195,464		195,839		—
Commercial		6		34		—		40		207,061		207,101		—
Consumer		26		—		—		26		4,098		4,124		—

	$	556	$	409	$	541	$	1,506	$	601,804	$	603,310	$	—

	December 31, 2013
	30 to 59 Days		60 to 89 Days		90 Days or Greater		Total Past Due		Total Current		Total Loans		Total 90 Days Past Due and Still Accruing
Real estate:
Construction and land	$	19	$	—	$	645	$	664	$	46,979	$	47,643	$	—
Farmland		—		—		—		—		11,656		11,656		—
1 - 4 family residential		168		—		1,041		1,209		85,699		86,908		—
Multi-family residential		—		—		—		—		11,862		11,862		—
Nonfarm nonresidential		—		—		—		—		171,451		171,451		—
Commercial		94		—		—		94		160,729		160,823		—
Consumer		34		9		9		52		4,875		4,927		9

	$	315	$	9	$	1,695	$	2,019	$	493,251	$	495,270	$	9

Summary of impaired loans, including purchased credit impaired loans

	December 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment During Year
Real estate:
Construction and land	$	819	$	—	$	541	$	541	$	44	$	611
Farmland		—		—		—		—		—		—
1 - 4 family residential		168		168		—		168		—		205
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1,086		1,086		—		1,086		—		980
Commercial		223		183		40		223		30		361
Consumer		38		8		30		38		13		44

Total	$	2,334	$	1,445	$	611	$	2,056	$	87	$	2,201

	December 31, 2013
	Unpaid Contractual Principal Balance		Recorded Investment with No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment During Year
Real estate:
Construction and land	$	971	$	645	$	—	$	645	$	—	$	871
Farmland		—		—		—		—		—		—
1 - 4 family residential		1,212		1,212		—		1,212		—		1,306
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1,900		1,900		—		1,900		—		1,462
Commercial		366		366		—		366		—		366
Consumer		32		32		—		32		—		28

Total	$	4,481	$	4,155	$	—	$	4,155	$	—	$	4,033

Schedule of terms of certain loans that were modified as troubled debt restructurings

					2014
					Post-Modification Outstanding Recorded Investment
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Adjusted Interest Rate		Extended Maturity		Extended Maturity and Restructured Payments		Extended Maturity, Restructured Payments and Adjusted Interest Rate
Real estate loans:
Construction and land		—	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—		—
1 - 4 family residential		—		—		—		—		—		—
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Consumer		2		18		4		8		—		—

Total		2	$	18	$	4	$	8	$	—	$	—

					2013
					Post-Modification Outstanding Recorded Investment
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Adjusted Interest Rate		Extended Maturity		Extended Maturity and Restructured Payments		Extended Maturity, Restructured Payments and Adjusted Interest Rate
Real estate loans:
Construction and land		—	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—		—
1 - 4 family residential		2		1,203		—		1,051		—		171
Multi-family residential		—		—		—		—		—		—
Nonfarm nonresidential		1		1,180		—		1,180		—		—
Commercial		1		16		—		—		16		—
Consumer		1		6		—		—		6		—

Total		5	$	2,405	$	—	$	2,231	$	22	$	171

Summary of internal ratings of loans, including purchased credit impaired loans

	December 31, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate:
Construction and land	$	69,425	$	—	$	541	$	—	$	69,966
Farmland		10,528		—		—		—		10,528
1 - 4 family residential		105,786		—		2		—		105,788
Multi-family residential		9,964		—		—		—		9,964
Nonfarm nonresidential		195,464		—		375		—		195,839
Commercial		205,681		672		748		—		207,101
Consumer		3,925		—		199		—		4,124

Total	$	600,773	$	672	$	1,865	$	—	$	603,310

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Real estate:
Construction and land	$	46,998	$	—		645	$	—	$	47,643
Farmland		11,656		—		—		—		11,656
1 - 4 family residential		85,649		—		1,259		—		86,908
Multi-family residential		11,862		—		—		—		11,862
Nonfarm nonresidential		171,371		—		80		—		171,451
Commercial		158,919		731		1,173		—		160,823
Consumer		4,878		7		42		—		4,927

Total	$	491,333	$	738	$	3,199	$	—	$	495,270

Schedule of analysis of the allowance for loan losses

	Year Ended December 31,
	2014			2013			2012
Balance at beginning of year	$	5,018		$	3,238		$	1,012
Provision charged to earnings		1,423			1,883			2,953
Charge-offs		(510	)		(240	)		(801	)
Recoveries		50			137			74

Net charge-offs		(460	)		(103	)		(727	)

Balance at end of year	$	5,981		$	5,018		$	3,238

Summary of activity in the allowance for loan losses by class of loans

	December 31, 2014
	Real Estate
	Construction Land and Farmland			Residential			Nonfarm Non- Residential		Commercial			Consumer			Total
Balance at beginning of year	$	660		$	970		$	1,726	$	1,585		$	77		$	5,018
Provision charged to earnings		137			226			162		909			(11	)		1,423
Charge-offs		(28	)		(30	)		—		(448	)		(4	)		(510	)
Recoveries		—			—			2		46			2			50

Net charge-offs		(28	)		(30	)		2		(402	)		(2	)		(460	)

Balance at end of year	$	769		$	1,166		$	1,890	$	2,092		$	64		$	5,981


Period-end amount allocated to:
Specific reserves:
Impaired loans	$	44		$	—		$	—	$	30		$	13		$	87

Total specific reserves		44			—			—		30			13			87

General reserves		725			1,166			1,890		2,062			51			5,894

Total	$	769		$	1,166		$	1,890	$	2,092		$	64		$	5,981

	December 31, 2013
	Real Estate
	Construction Land and Farmland		Residential			Nonfarm Non- Residential		Commercial			Consumer			Total
Balance at beginning of year	$	455	$	755		$	1,028	$	947		$	53		$	3,238
Provision charged to earnings		205		240			698		716			24			1,883
Charge-offs		—		(85	)		—		(110	)		(45	)		(240	)
Recoveries		—		60			—		32			45			137

Net charge-offs		—		(25	)		—		(78	)		—			(103	)

Balance at end of year	$	660	$	970		$	1,726	$	1,585		$	77		$	5,018


Period-end amount allocated to:
Specific reserves:
Impaired loans	$	—	$	—		$	—	$	—		$	—		$	—

Total specific reserves		—		—			—		—			—			—

General reserves		660		970			1,726		1,585			77			5,018

Total	$	660	$	970		$	1,726	$	1,585		$	77		$	5,018

Schedule of recorded investment in loans related to the balance in the allowance for loan losses on the basis of the Company's impairment methodology

	December 31, 2014
	Real Estate
	Construction Land and Farmland		Residential		Nonfarm Non- Residential		Commercial		Consumer		Total
Loans individually evaluated for impairment	$	541	$	168	$	1,086	$	223	$	38	$	2,056
Loans collectively evaluated for impairment		79,953		115,584		194,753		206,878		4,086		601,254

Total	$	80,494	$	115,752	$	195,839	$	207,101	$	4,124	$	603,310

	December 31, 2013
	Real Estate
	Construction Land and Farmland		Residential		Nonfarm Non- Residential		Commercial		Consumer		Total
Loans individually evaluated for impairment	$	645	$	1,212	$	1,900	$	366	$	32	$	4,155
Loans collectively evaluated for impairment		58,654		97,558		169,551		160,457		4,895		491,115

Total	$	59,299	$	98,770	$	171,451	$	160,823	$	4,927	$	495,270

Schedule of outstanding balance and related carrying amount of certain acquired loans which experienced credit deterioration

	December 31,
	2014		2013
Real estate:
Construction and land: unpaid principal balance	$	819	$	819


Carrying amount	$	541	$	569

Schedule of carrying amounts of the loan accounted using the cost recovery method

	Year Ended December 31,
	2014		2013
Loans at the end of the year	$	541	$	569

Bank Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Bank Premises and Equipment.

Schedule of bank premises and equipment

	December 31,
	2014		2013
Building and improvements	$	2,672	$	2,343
Leasehold improvements		2,942		2,873
Land		5,181		3,609
Furniture, fixtures and equipment		3,732		3,459

		14,527		12,284
Less accumulated depreciation		3,377		2,332

	$	11,150	$	9,952

Non-marketable Equity Securities (Table)

12 Months Ended

Dec. 31, 2014

Non-marketable Equity Securities.

Schedule of investments in non-marketable equity

	December 31,
	2014		2013
Federal Home Loan Bank of Dallas stock	$	1,907	$	827
Federal Reserve Bank of Dallas stock		2,182		1,837
Other non-marketable equity securities		50		50

	$	4,139	$	2,714

Intangible Assets (Table)

12 Months Ended

Dec. 31, 2014

Intangible Assets

Schedule of intangible assets

	December 31, 2014
	Weighted Amortization Period	Gross Intangible Asset		Accumulated Amortization		Net Intangible Asset
Core deposit intangibles	5.0 years	$	2,380	$	1,170	$	1,210
Other intangible assets	4.9 years		107		56		51

		$	2,487	$	1,226	$	1,261

	December 31, 2013
	Weighted Amortization Period	Gross Intangible Asset		Accumulated Amortization		Net Intangible Asset
Core deposit intangibles	6.0 years	$	2,380	$	875	$	1,505
Other intangible assets	5.9 years		107		45		62

		$	2,487	$	920	$	1,567

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, 2014 was as follows:

Year	Amount
2015		301
2016		297
2017		297
2018		206
2019		87
Thereafter		73

	$	1,261

Goodwill (Table)

12 Months Ended

Dec. 31, 2014

Goodwill.

Schedule of changes in the carrying amount of goodwill

	December 31,
	2014		2013
Beginning of year	$	19,148	$	19,148
Effect of acquisitions		—		—
Impairment losses		—		—

End of year	$	19,148	$	19,148

Deposits (Table)

12 Months Ended

Dec. 31, 2014

Deposits.

Schedule summarized of the deposits

	December 31,
	2014		2013
Noninterest-bearing demand accounts	$	251,124	$	218,990
Interest-bearing demand accounts		57,556		40,178
Savings accounts		6,101		5,286
Limited access money market accounts		227,074		210,131
Certificates of deposit, greater than $100		79,517		81,478
Certificates of deposit, less than $100		17,371		17,875

	$	638,743	$	573,938

Scheduled maturities of certificate of deposits

As of December 31, 2014, the scheduled maturities of certificates of deposit were as follows:

Year	Amount
2015	$	84,304
2016		6,322
2017		2,201
2018		2,361
2019		1,700

	$	96,888

Junior Subordinated Debentures and Subordinated Notes (Table)

12 Months Ended

Dec. 31, 2014

Junior Subordinated Debentures and Subordinated Notes

Schedule of Junior subordinated debentures and subordinated notes

	December 31,
	2014		2013
Junior subordinated debentures—Trust Securities with a rate of LIBOR plus 1.85% debentures payable to Parkway National Capital Trust 1 with stated maturity of 2036	$	3,093	$	3,093


Subordinated notes—unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21—effective interest rate of 6.025%)	$	4,981	$	4,979

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Income Taxes (Table)

12 Months Ended

Dec. 31, 2014

Income Taxes

Components of provision for income taxes

	Year Ended December 31,
	2014			2013			2012
Income tax expense (benefit):
Current	$	3,171		$	2,491		$	534
Deferred		(466	)		(714	)		(398	)

	$	2,705		$	1,777		$	136

Schedule of income tax expense and the effective tax rates

	Year Ended December 31,
	2014			2013			2012
Federal income tax expense rate at 34%	$	2,690		$	1,763		$	549
Stock option expense		—			76			58
Bank-owned life insurance income		(118	)		(110	)		(52	)
Non-deductible dues and memberships		50			48			44
Non-deductible meals and entertainment		43			24			—
Change in valuation allowance		—			—			(518	)
Other		40			(24	)		55

Total income tax expense		2,705			1,777			136

Effective tax rate		34.2	%		34.3	%		8.4	%

Schedule of significant components of the deferred tax assets and liabilities

	December 31,
	2014		2013
Deferred tax assets:
Net operating loss	$	—	$	96
Organizational costs		167		183
Allowance for loan losses		1,868		1,619
Deferred loan fees		18		32
Non-accrual interest		69		62
Capital loss carryforward		85		85
ORE write down for book purposes		—		55
Deferred rent expenses		66		70
Restricted stock		131		84
Stock options		73		—
Accrued bonuses		271		243
Other		137		134

Total deferred tax assets		2,885		2,663

Deferred tax liabilities:
Net unrealized gain on securities available for sale		88		14
Core deposit intangibles		412		512
FHLB stock dividends		27		26
Bank premises and equipment		973		1,118

Total deferred tax liabilities		1,500		1,670

Net deferred tax asset	$	1,385	$	993

Commitments and Contingencies (Table)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies

Schedule of minimum future rental payments under non-cancelable operating leases

Minimum future rental payments under these non-cancelable operating leases as of December 31, 2014 for each of the next five years and in the aggregate are:

Year Ended December 31,	Amount
2015	$	955
2016		879
2017		904
2018		816
2019		751
Thereafter		1717

	$	6,022

Other Non-interest Expense (Table)

12 Months Ended

Dec. 31, 2014

Other Non-interest Expense

Schedule of other non-interest expense

	Years ended December 31,
	2014		2013		2012
Business development	$	446	$	308	$	235
Office and postage		240		216		304
Director fees		198		83		45
Insurance		92		99		95
Security		115		105		102
Charitable contributions and dontations		147		135		62
Travel		41		42		37
Training		45		34		26
Other		787		701		553

Total	$	2,111	$	1,723	$	1,459

Fair Value Disclosures (Table)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures

Schedule of assets measured at fair value on a recurring basis

	Fair Value Measurements Using
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
As of December 31, 2014:
Investment securities available for sale	$	—	$	45,127	$	—	$	45,127
As of December 31, 2013:
Investment securities available for sale	$	—	$	45,604	$	—	$	45,604

Schedule of assets measured at fair value on a non-recurring basis

	Fair Value Measurements Using
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
As of December 31, 2014:
Assets:
Impaired loans	$	—	$	—	$	2,056	$	2,056
Other real estate owned	$	—	$	—	$	50	$	50
As of December 31, 2013:
Assets:
Impaired loans	$	—	$	—	$	4,155	$	4,155
Other real estate owned	$	—	$	—	$	1,797	$	1,797

Schedule of significant unobservable inputs used in the fair value measurements

December 31, 2014
Assets/Liabilities	Fair Value		Valuation Technique	Unobservable Input(s)	Weighted Average
Impaired loans	$	2,056	Collateral Method	Adjustments for selling costs		8	%
Other real estate owned	$	50	Collateral Method	Adjustments for selling costs		8	%

December 31, 2013
Assets/Liabilities	Fair Value		Valuation Technique	Unobservable Input(s)	Weighted Average
Impaired loans	$	4,155	Collateral Method	Adjustments for selling costs		8	%
Other real estate owned	$	1,797	Collateral Method	Adjustments for selling costs		8	%

Schedule of estimated fair values and carrying values of all financial instruments

	December 31,
	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Level 2 inputs:
Cash and cash equivalents	$	93,251	$	93,251	$	76,646	$	76,646
Securities available for sale		45,127		45,127		45,604		45,604
Loans held for sale		8,858		8,858		2,051		2,051
Accrued interest receivable		1,542		1,542		1,351		1,351
Bank-owned life insurance		17,822		17,822		10,475		10,475
Non-marketable equity securities		4,139		4,139		2,714		2,714
Level 3 inputs:
Loans, net		597,278		596,138		490,158		490,344
Financial liabilities:
Level 2 inputs:
Deposits	$	638,743	$	630,402	$	573,938	$	568,451
Advances from FHLB		40,000		40,028		15,000		15,055
Accrued interest payable		126		126		134		134
Junior subordinated debentures		3,093		3,093		3,093		3,093
Subordinated notes		4,981		4,981		4,979		4,979

Financial Instruments with Off-Balance Sheet Risk (Table)

12 Months Ended

Dec. 31, 2014

Financial Instruments with Off-Balance Sheet Risk

Schedule of the approximate amounts of financial instruments with off-balance sheet risk

	December 31,
	2014		2013
Commitments to extend credit	$	144,224	$	92,827
Standby letters of credit		818		210

	$	145,042	$	93,037

Employee Benefits (Table)

12 Months Ended

Dec. 31, 2014

Employee Benefits

Summary of ESOP shares

	December 31, 2014		December 31, 2013
Allocated shares		16,958		7,811
Unearned shares		36,935		—

Total ESOP shares		53,893		7,811


Fair value of unearned shares	$	523	$	—

Stock Incentive Plans (Table)

12 Months Ended

Dec. 31, 2014

Schedule of assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model

	December 31,
	2014	2013
Dividend yield	0.00%	0.00%
Expected life	6.5 to 6.9 years	10 years
Expected volatility	5.6%	4.00%
Risk-free interest rate	2.54% to 2.85%	2.05% to 2.75%

Summary of option activity under the Incentive Plan

	2014
	Nonperformance-based stock options						Performance-based stock options
	Shares Underlying Options			Weighted Exercise Price		Weighted Average Contractual Term	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Contractual Term
Outstanding at beginning of year		327,500		$	10.03	7.69 years		422,500		$	10.02	8.0 years


Granted during the year		30,000			11.53			50,000			11.26
Forfeited during the year		(5,000	)		10.85			(5,000	)		10.85
Cancelled		—			—			(467,500	)		10.14
Exercised during the year		—			—			—			—

Outstanding at the end of year		352,500		$	10.14	6.58 years		—			—	—


Options exercisable at end of year		189,000		$	10.05	6.37 years		—		$	—	—


Weighted average fair value of options granted during the year				$	1.94					$	2.03

	2013
	Nonperformance-based stock options						Performance-based stock options
	Shares Underlying Options			Weighted Exercise Price		Weighted Average Contractual Term	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Contractual Term
Outstanding at beginning of year		332,500		$	10.00	8.18 years		432,500		$	10.00	8.0 years


Granted during the year		10,000			10.85			10,000			10.85
Forfeited during the year		(15,000	)		10.00			(20,000	)		10.00
Exercised during the year		—			—			—			—

Outstanding at the end of year		327,500		$	10.03	7.69 years		422,500		$	10.02	8.0 years


Options exercisable at end of year		115,500		$	10.00	7.02 years		—		$	—	—


Weighted average fair value of options granted during the year				$	2.51					$	2.51

Restricted shares

Summary of status of the Company's restricted shares or restricted stock units

	2014					2013
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1,		35,000		$	10.02		40,000		$	10.00
Granted during the year		28,500			11.93		1,000			10.85
Vested during the year		—			—		—			—
Forfeited during the year		(1,250	)		10.85		(6,000	)		10.00

Nonvested at December 31,		62,250		$	10.86		35,000		$	10.02

Restricted stock units

Summary of status of the Company's restricted shares or restricted stock units

	2014
	Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1,		—			—
Granted during the year		89,703			13.00
Vested during the year		(7,000	)		—
Forfeited during the year		—			—

Nonvested at December 31,		82,903		$	13.00

Capital Requirements and Restrictions on Retained Earnings (Table)

12 Months Ended

Dec. 31, 2014

Capital Requirements and Restrictions on Retained Earnings

Schedule of comparison of the Company's and Bank's actual capital amounts and ratios to required capital amounts and ratios

	Actual						For Capital Adequacy Purposes							To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio				Amount			Ratio				Amount			Ratio
As of December 31, 2014:
Total capital (to risk weighted assets)
Company	$	107,197		17.22	%		$	49,814			8.0	%			N/A			N/A
Bank	$	79,616		12.79	%		$	49,788			8.0	%		$	62,235			10.0	%
Tier 1 capital (to risk weighted assets)
Company	$	96,236		15.46	%		$	24,907			4.0	%			N/A			N/A
Bank	$	73,635		11.83	%		$	24,894			4.0	%		$	37,341			6.0	%
Tier 1 capital (to average assets)
Company	$	96,236		12.66	%		$	30,400			4.0	%			N/A			N/A
Bank	$	73,635		9.69	%		$	30,386			4.0	%		$	37,983			5.0	%
As of December 31, 2013:
Total capital (to risk weighted assets)
Company	$	59,100		11.74	%		$	40,288			8.0	%			N/A			N/A
Bank	$	57,275		11.37	%		$	40,296			8.0	%		$	50,370			10.0	%
Tier 1 capital (to risk weighted assets)
Company	$	49,103		9.75	%		$	20,144			4.0	%			N/A			N/A
Bank	$	52,257		10.37	%		$	20,148			4.0	%		$	30,222			6.0	%
Tier 1 capital (to average assets)
Company	$	49,103		8.06	%		$	24,373			4.0	%			N/A			N/A
Bank	$	52,257		8.58	%		$	24,369			4.0	%		$	30,461			5.0	%

Parent Company Only Financial Statements (Table)

12 Months Ended

Dec. 31, 2014

Parent Company Only Financial Statements

Balance Sheets

	December 31,
	2014			2013
Assets
Cash and cash equivalents	$	27,399		$	2,018
Investment in subsidiaries		93,897			72,579
Other assets		232			300

Total assets	$	121,528		$	74,897


Liabilities and Stockholders' Equity
Other liabilities	$	142		$	586
Other borrowings		8,074			8,072

Total liabilities		8,216			8,658

Stockholders' equity
Preferred stock		8,000			8,000
Common stock		95			58
Additional paid-in capital		97,469			55,303
Retained earnings		8,047			2,922
Unallocated Employee Stock Ownership Plan Shares		(401	)		—
Treasury stock		(70	)		(70	)
Accumulated other comprehensive income		172			26

Total stockholders' equity		113,312			66,239

Total liabilities and stockholders' equity	$	121,528		$	74,897

Statements of Income

	Years Ended December 31,
	2014			2013
Interest income:
Other	$	2		$	2
Interest expense:
Interest on borrowings		379			63

Net interest expense		(377	)		(61	)
Noninterest expense:
Salaries and employee benefits		162			162
Professional fees		212			76
Other		17			—

Total noninterest expense		391			238

Loss before income tax benefit and equity in undistributed
Income of subsidiaries		(768	)		(299	)
Income tax benefit		(256	)		(102	)

(Loss) Income before equity in undistributed income of subsidiaries		(512	)		(197	)
Equity in undistributed income of subsidiaries		5,717			3,605

Net income	$	5,205		$	3,408

Statements of Cash Flows

	Years Ended December 31,
	2014			2013
Cash flows from operating activities:
Net income	$	5,205		$	3,408
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of debt costs		2			—
Equity in undistributed net income of Bank		(5,717	)		(3,605	)
Decrease in other assets		68			389
(Decrease) increase in other liabilities		(444	)		580

Net cash (used in) provided by operating activities		(886	)		772

Cash flows from investing activities:
Capital investment in subsidiaries		(15,000	)		(6,000	)

Net cash used in investing activities		(15,000	)		(6,000	)

Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574		35,791			—
Proceeds from issuance of common stock, net		5,438			1,210
Purchase of common stock held in treasury		—			(70	)
Proceeds from Payments on ESOP Loan		118			—
Dividends paid on preferred stock		(80	)		(60	)
Issuance of subordinated notes		—			5,000

Net cash provided by financing activities		41,267			6,080

Net increase in cash and cash equivalents		25,381			852
Cash and cash equivalents at beginning of year		2,018			1,166

Cash and cash equivalents at end of year	$	27,399		$	2,018

Summary of Significant Accounting Policy (Details) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2014 item $ / shares shares	Sep. 22, 2014 $ / shares shares	Dec. 31, 2013 $ / shares shares
Nature of Organization
Number of Branches \| item		8
Number of mortgage offices \| item		1
Segment Reporting:
Number of reportable segment \| item		1
I P O Disclosure Line Items
Common stock, shares authorized		75,000,000	75,000,000	10,000,000
Common stock, par value (in dollars per share) \| $ / shares		$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized		10,000,000	10,000,000	500,000
Preferred stock, par value (in dollars per share) \| $ / shares		$ 0.01	$ 1.00	$ 0.01
Series C preferred stock, shares issued		8,000	8,000	8,000
Series C preferred stock, shares outstanding		8,000	8,000	8,000
Initial public offering
I P O Disclosure Line Items
Shares of common stock sold and issued	3,105,000
Initial public offering price (in dollars per share) \| $ / shares	$ 13
Proceeds received, net of offering costs \| $	$ 36

Summary of Significant Accounting Policy (Detail 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restrictions On Cash (Abstract)
Required regulatory cash reserve balances	$ 23,365	$ 15,325
Goodwill and Intangible Assets
Impairment charges	$ 0	$ 0	$ 0
Core deposits intangibles \| Minimum
Goodwill and Intangible Assets
Estimated useful live	7 years
Core deposits intangibles \| Maximum
Goodwill and Intangible Assets
Estimated useful live	9 years
Buildings and improvements \| Minimum
Bank Premises and Equipment
Estimated useful lives	10 years
Buildings and improvements \| Maximum
Bank Premises and Equipment
Estimated useful lives	40 years
Furniture and equipment \| Minimum
Bank Premises and Equipment
Estimated useful lives	3 years
Furniture and equipment \| Maximum
Bank Premises and Equipment
Estimated useful lives	10 years

Summary of Significant Accounting Policy (Details 3) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings (numerator)
Net income for common stockholders	$ 5,205	$ 3,408	$ 1,479
Less: preferred stock dividends	80	60	100
Net income available to common stockholders	$ 5,125	$ 3,348	$ 1,379
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)	6,992	5,788	5,641
Dilutive effect of employee stock based awards and warrants	161	61	37
Adjusted weighted average shares outstanding	7,153	5,849	5,678
Earnings per share:
Basic (in dollars per share)	$ 0.73	$ 0.58	$ 0.24
Diluted (in dollars per share)	$ 0.72	$ 0.57	$ 0.24
Veritex Holdings, Inc.
Earnings (numerator)
Net income for common stockholders	$ 5,205	$ 3,408

Summary of Significant Accounting Policy (Details 4) - shares	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Performance-based stock options
Earnings Per Share
Excluded from diluted EPS weighted average shares	423,000	419,000
Warrant
Earnings Per Share
Excluded from diluted EPS weighted average shares	1,000

Investment Securities (Detail) $ in Thousands	12 Months Ended
Investment Securities (Detail) $ in Thousands	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($)
Available for Sale securities
Amortized Cost	$ 44,867	$ 45,564
Gross Unrealized Gains	417	463
Gross Unrealized Losses	157	423
Fair Value	45,127	45,604
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	11,728	22,758
Less Than 12 Months, Unrealized Loss	46	422
12 Months or More, Fair Value	7,895	46
12 Months or More, Unrealized Loss	111	1
Total Fair Value	19,623	22,804
Total Unrealized Loss	$ 157	423
Number of investment positions in an unrealized loss position \| item	23
U.S. government agencies
Available for Sale securities
Amortized Cost	$ 1,928	2,019
Gross Unrealized Losses	47	95
Fair Value	1,881	1,924
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value		1,924
Less Than 12 Months, Unrealized Loss		95
12 Months or More, Fair Value	1,881
12 Months or More, Unrealized Loss	47
Total Fair Value	1,881	1,924
Total Unrealized Loss	47	95
Corporate bonds
Available for Sale securities
Amortized Cost	500	1,445
Gross Unrealized Gains		35
Fair Value	500	1,480
Municipal securities
Available for Sale securities
Amortized Cost	965	934
Gross Unrealized Gains	22	24
Fair Value	987	958
Mortgage-backed securities
Available for Sale securities
Amortized Cost	28,588	24,898
Gross Unrealized Gains	256	220
Gross Unrealized Losses	73	187
Fair Value	28,771	24,931
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	10,148	10,612
Less Than 12 Months, Unrealized Loss	39	187
12 Months or More, Fair Value	3,572
12 Months or More, Unrealized Loss	34
Total Fair Value	13,720	10,612
Total Unrealized Loss	73	187
Collateralized mortgage obligations
Available for Sale securities
Amortized Cost	11,752	14,898
Gross Unrealized Gains	124	158
Gross Unrealized Losses	37	141
Fair Value	11,839	14,915
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	1,580	10,222
Less Than 12 Months, Unrealized Loss	7	140
12 Months or More, Fair Value	2,442	46
12 Months or More, Unrealized Loss	30	1
Total Fair Value	4,022	10,268
Total Unrealized Loss	37	141
Asset-backed securities
Available for Sale securities
Amortized Cost	1,134	1,370
Gross Unrealized Gains	15	26
Fair Value	$ 1,149	$ 1,396

Investment Securities (Detail 2) $ in Thousands	Dec. 31, 2014 USD ($)
Amortized costs of securities available for sale, by contractual maturity
Due in one year or less	$ 500
Due from one year to five years	1,930
Due from five years to ten years	963
Total investment securities available for sale, single maturity date	3,393
Total investment securities available for sale, amortized cost basis	44,867
Estimated fair values of securities available for sale, by contractual maturity
Due in one year or less	500
Due from one year to five years	1,932
Due from five years to ten years	936
Total investment securities available for sale	3,368
Total investment securities available for sale, fair value	45,127
Mortgage-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	28,588
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	28,771
Collateralized mortgage obligations
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	11,752
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	11,839
Asset-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	1,134
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	$ 1,149

Investment Securities (Detail 3) - USD ($) $ in Thousands	12 Months Ended
Investment Securities (Detail 3) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Proceeds from sales of investment securities available for sale and gross gains and losses
Proceeds from sales	$ 300,981	$ 120,000	$ 239,997
Gross realized gains	$ 34

Loans and Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Loans and Allowance for Loan Losses
Loans, gross	$ 603,310	$ 495,270
Deferred loan fees	(51)	(94)
Allowance for loan losses	(5,981)	(5,018)	$ (3,238)	$ (1,012)
Loans, net	597,278	490,158
Accretable discount related to loans acquired within a business combination	185	667
Construction and land
Loans and Allowance for Loan Losses
Loans, gross	69,966	47,643
Farmland
Loans and Allowance for Loan Losses
Loans, gross	10,528	11,656
1 - 4 family residential
Loans and Allowance for Loan Losses
Loans, gross	105,788	86,908
Multi-family residential
Loans and Allowance for Loan Losses
Loans, gross	$ 9,964	11,862
Nonfarm nonresidential
Loans and Allowance for Loan Losses
Loan amount outstanding as percentage of total risk-based capital	246.00%
Loans, gross	$ 195,839	171,451
Allowance for loan losses	$ (1,890)	(1,726)	(1,028)
Construction, land development, and other land loans
Loans and Allowance for Loan Losses
Loan amount outstanding as percentage of total risk-based capital	88.00%
Commercial
Loans and Allowance for Loan Losses
Loans, gross	$ 207,101	160,823
Allowance for loan losses	(2,092)	(1,585)	(947)
Consumer
Loans and Allowance for Loan Losses
Loans, gross	4,124	4,927
Allowance for loan losses	$ (64)	$ (77)	$ (53)

Loans and Allowance for Loan Losses (Detail 2) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans	$ 436	$ 1,117
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	556	315
60-89 Days	409	9
90 Days or Greater	541	1,695
Total Past Due	1,506	2,019
Total Current	601,804	493,251
Total Loans	603,310	495,270
Total 90 Days Past Due and Still Accruing		9
Construction and land
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans		76
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	12	19
90 Days or Greater	541	645
Total Past Due	553	664
Total Current	69,413	46,979
Total Loans	69,966	47,643
Farmland
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	10,528	11,656
Total Loans	10,528	11,656
1 - 4 family residential
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans		1,041
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	512	168
90 Days or Greater		1,041
Total Past Due	512	1,209
Total Current	105,276	85,699
Total Loans	105,788	86,908
Multi-family residential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	9,964	11,862
Total Loans	9,964	11,862
Nonfarm nonresidential
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans	375
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
60-89 Days	375
Total Past Due	375
Total Current	195,464	171,451
Total Loans	195,839	171,451
Commercial
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans	34
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	6	94
60-89 Days	34
Total Past Due	40	94
Total Current	207,061	160,729
Total Loans	207,101	160,823
Consumer
Non-Accrual and Past Due Loans
Non-accrual loans, excluding purchased credit impaired loans	27
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	26	34
60-89 Days		9
90 Days or Greater		9
Total Past Due	26	52
Total Current	4,098	4,875
Total Loans	$ 4,124	4,927
Total 90 Days Past Due and Still Accruing		$ 9

Loans and Allowance for Loan Loss (Detail 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Impaired Loans
Unpaid Contractual Principal Balance	$ 2,334	$ 4,481
Recorded Investment with No Allowance	1,445	4,155
Recorded Investment with Allowance	611
Total Recorded Investment	2,056	4,155
Related Allowance	87
Average Recorded Investment During Year	2,201	4,033
Construction and land
Impaired Loans
Unpaid Contractual Principal Balance	819	971
Recorded Investment with No Allowance		645
Recorded Investment with Allowance	541
Total Recorded Investment	541	645
Related Allowance	44
Average Recorded Investment During Year	611	871
1 - 4 family residential
Impaired Loans
Unpaid Contractual Principal Balance	168	1,212
Recorded Investment with No Allowance	168	1,212
Total Recorded Investment	168	1,212
Average Recorded Investment During Year	205	1,306
Nonfarm nonresidential
Impaired Loans
Unpaid Contractual Principal Balance	1,086	1,900
Recorded Investment with No Allowance	1,086	1,900
Total Recorded Investment	1,086	1,900
Average Recorded Investment During Year	980	1,462
Commercial
Impaired Loans
Unpaid Contractual Principal Balance	223	366
Recorded Investment with No Allowance	183	366
Recorded Investment with Allowance	40
Total Recorded Investment	223	366
Related Allowance	30
Average Recorded Investment During Year	361	366
Consumer
Impaired Loans
Unpaid Contractual Principal Balance	38	32
Recorded Investment with No Allowance	8	32
Recorded Investment with Allowance	30
Total Recorded Investment	38	32
Related Allowance	13
Average Recorded Investment During Year	$ 44	$ 28

Loans and Allowance for Loan Loss (Detail 4) $ in Thousands	12 Months Ended
Loans and Allowance for Loan Loss (Detail 4) $ in Thousands	Dec. 31, 2014 USD ($) loan	Dec. 31, 2013 USD ($) loan item
Loans and Allowance for Loan Losses
Recorded investment in TDRs	$ 1,677	$ 4,078
Troubled Debt Restructuring
Number of Loans \| loan	2	5
Pre-Modification Outstanding Recorded Investment	$ 18	$ 2,405
Post-Modification Outstanding Recorded Investment
Adjusted Interest Rate	4
Extended Maturity	$ 8	2,231
Extended Maturity and Restructured Payments		22
Extended Maturity, Restructured Payments and Adjusted Interest Rate		$ 171
Number of loans restructured performing as agreed to modified terms	2	4
Valuation allowance for loans restructured	$ 2
Number of restructured loans with recorded allowance \| loan	1
Number of loans restructured placed on nonaccrual status \| loan		1
Number of loans modified as a troubled debt restructured loan within previous 12 months and for which there was a payment default \| loan	0	1
Period of time payment is past due for trouble debt restructuring to be default.		90 days
Charge-off of restructured loan with subsequent payment default		$ 85
1 - 4 family residential
Troubled Debt Restructuring
Number of Loans \| loan		2
Pre-Modification Outstanding Recorded Investment		$ 1,203
Post-Modification Outstanding Recorded Investment
Extended Maturity		1,051
Extended Maturity, Restructured Payments and Adjusted Interest Rate		$ 171
Nonfarm nonresidential
Troubled Debt Restructuring
Number of Loans \| loan		1
Pre-Modification Outstanding Recorded Investment		$ 1,180
Post-Modification Outstanding Recorded Investment
Extended Maturity		$ 1,180
Commercial
Troubled Debt Restructuring
Number of Loans \| loan		1
Pre-Modification Outstanding Recorded Investment		$ 16
Post-Modification Outstanding Recorded Investment
Extended Maturity and Restructured Payments		$ 16
Consumer
Troubled Debt Restructuring
Number of Loans \| loan	2	1
Pre-Modification Outstanding Recorded Investment	$ 18	$ 6
Post-Modification Outstanding Recorded Investment
Adjusted Interest Rate	4
Extended Maturity	$ 8
Extended Maturity and Restructured Payments		$ 6

Loans and Allowance for Loan Loss (Detail 5) $ in Thousands	12 Months Ended
Loans and Allowance for Loan Loss (Detail 5) $ in Thousands	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($)
Loans and Allowance for Loan Losses
Number of categories into which loan is classified from credit risk standpoint \| item	4
Credit Quality Indicators
Loans	$ 603,310	$ 495,270
Pass
Credit Quality Indicators
Loans	600,773	491,333
Special Mention
Credit Quality Indicators
Loans	672	738
Substandard
Credit Quality Indicators
Loans	1,865	3,199
Construction and land
Credit Quality Indicators
Loans	69,966	47,643
Construction and land \| Pass
Credit Quality Indicators
Loans	69,425	46,998
Construction and land \| Substandard
Credit Quality Indicators
Loans	541	645
Farmland
Credit Quality Indicators
Loans	10,528	11,656
Farmland \| Pass
Credit Quality Indicators
Loans	10,528	11,656
1 - 4 family residential
Credit Quality Indicators
Loans	105,788	86,908
1 - 4 family residential \| Pass
Credit Quality Indicators
Loans	105,786	85,649
1 - 4 family residential \| Substandard
Credit Quality Indicators
Loans	2	1,259
Multi-family residential
Credit Quality Indicators
Loans	9,964	11,862
Multi-family residential \| Pass
Credit Quality Indicators
Loans	9,964	11,862
Nonfarm nonresidential
Credit Quality Indicators
Loans	195,839	171,451
Nonfarm nonresidential \| Pass
Credit Quality Indicators
Loans	195,464	171,371
Nonfarm nonresidential \| Substandard
Credit Quality Indicators
Loans	375	80
Commercial
Credit Quality Indicators
Loans	207,101	160,823
Commercial \| Pass
Credit Quality Indicators
Loans	205,681	158,919
Commercial \| Special Mention
Credit Quality Indicators
Loans	672	731
Commercial \| Substandard
Credit Quality Indicators
Loans	748	1,173
Consumer
Credit Quality Indicators
Loans	4,124	4,927
Consumer \| Pass
Credit Quality Indicators
Loans	3,925	4,878
Consumer \| Special Mention
Credit Quality Indicators
Loans		7
Consumer \| Substandard
Credit Quality Indicators
Loans	$ 199	$ 42

Loans and Allowance for Loan Loss (Detail 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Analysis of allowance for loan losses
Balance at beginning of year	$ 5,018	$ 3,238	$ 1,012
Provision charged to earnings	1,423	1,883	2,953
Charge-offs	(510)	(240)	(801)
Recoveries	50	137	74
Net charge-offs	(460)	(103)	(727)
Balance at end of period	5,981	5,018	3,238
Allowance for loan losses				0.99%	1.01%
Specific Reserves:
Impaired loans				$ 87
Total specific reserves				87
General reserves				5,894	$ 5,018
Total	5,018	3,238	1,012	5,981	5,018
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				2,056	4,155
Loans collectively evaluated for impairment				601,254	491,115
Total Loans				603,310	495,270
Construction land and Farmland
Analysis of allowance for loan losses
Balance at beginning of year	660	455
Provision charged to earnings	137	205
Charge-offs	(28)
Net charge-offs	(28)
Balance at end of period	769	660	455
Specific Reserves:
Impaired loans				44
Total specific reserves				44
General reserves				725	660
Total	660	455	455	769	660
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				541	645
Loans collectively evaluated for impairment				79,953	58,654
Total Loans				80,494	59,299
Residential
Analysis of allowance for loan losses
Balance at beginning of year	970	755
Provision charged to earnings	226	240
Charge-offs	(30)	(85)
Recoveries		60
Net charge-offs	(30)	(25)
Balance at end of period	1,166	970	755
Specific Reserves:
General reserves				1,166	970
Total	970	755	755	1,166	970
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				168	1,212
Loans collectively evaluated for impairment				115,584	97,558
Total Loans				115,752	98,770
Nonfarm nonresidential
Analysis of allowance for loan losses
Balance at beginning of year	1,726	1,028
Provision charged to earnings	162	698
Recoveries	2
Net charge-offs	2
Balance at end of period	1,890	1,726	1,028
Specific Reserves:
General reserves				1,890	1,726
Total	1,726	1,028	1,028	1,890	1,726
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				1,086	1,900
Loans collectively evaluated for impairment				194,753	169,551
Total Loans				195,839	171,451
Commercial
Analysis of allowance for loan losses
Balance at beginning of year	1,585	947
Provision charged to earnings	909	716
Charge-offs	(448)	(110)
Recoveries	46	32
Net charge-offs	(402)	(78)
Balance at end of period	2,092	1,585	947
Specific Reserves:
Impaired loans				30
Total specific reserves				30
General reserves				2,062	1,585
Total	1,585	947	947	2,092	1,585
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				223	366
Loans collectively evaluated for impairment				206,878	160,457
Total Loans				207,101	160,823
Consumer
Analysis of allowance for loan losses
Balance at beginning of year	77	53
Provision charged to earnings	(11)	24
Charge-offs	(4)	(45)
Recoveries	2	45
Net charge-offs	(2)
Balance at end of period	64	77	53
Specific Reserves:
Impaired loans				13
Total specific reserves				13
General reserves				51	77
Total	$ 77	$ 53	$ 53	64	77
Recorded investment in loans related to balance in allowance for loan losses on basis of impairment methodology
Loans individually evaluated for impairment				38	32
Loans collectively evaluated for impairment				4,086	4,895
Total Loans				$ 4,124	$ 4,927

Loans and Allowance for Loan Loss (Detail 7) $ in Thousands	12 Months Ended
Loans and Allowance for Loan Loss (Detail 7) $ in Thousands	Dec. 31, 2014 USD ($) loan	Dec. 31, 2013 USD ($) loan
Number of purchased credit impaired loans acquired \| loan	0	0
Number of purchased credit impaired loans accounted for using cost recovery method \| loan	1	1
Loan acquired using cost recovery method
Loans at the end of the year	$ 541	$ 569
Construction and land
Unpaid principal balance	819	819
Carrying amount	$ 541	$ 569

Bank Premises and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	$ 14,527	$ 12,284
Less accumulated depreciation	3,377	2,332
Bank premises, furniture and equipment, net	11,150	9,952
Depreciation [Abstract]
Depreciation	1,045	972	$ 764
Buildings and improvements
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	2,672	2,343
Leasehold improvements
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	2,942	2,873
Land
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	5,181	3,609
Furniture, fixtures and equipment
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	$ 3,732	$ 3,459

Non marketable Equity Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Federal Home Loan Bank of Dallas stock	$ 1,907	$ 827
Federal Reserve Bank of Dallas stock	2,182	1,837
Other non-marketable equity securities	50	50
Total non-marketable equity securities	$ 4,139	$ 2,714

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets, Net [Abstract]
Gross Intangible Asset	$ 2,487	$ 2,487
Accumulated Amortization	1,226	920
Total intangible assets	1,261	1,567
Amortization [Abstract]
Amortization of Intangible Assets	$ 306	$ 308	$ 308
Core deposits intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Weighted Amortization Period	5 years	6 years
Gross Intangible Asset	$ 2,380	$ 2,380
Accumulated Amortization	1,170	875
Total intangible assets	$ 1,210	$ 1,505
Other intangible assets
Finite-Lived Intangible Assets, Net [Abstract]
Weighted Amortization Period	4 years 10 months 24 days	5 years 10 months 24 days
Gross Intangible Asset	$ 107	$ 107
Accumulated Amortization	56	45
Total intangible assets	$ 51	$ 62

Intangible Assets (Detail 2) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Estimated aggregate future amortization expense [Abstract]
2015	$ 301
2016	297
2017	297
2018	206
2019	87
Thereafter	73
Total intangible assets	$ 1,261	$ 1,567

Goodwill (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Roll Forward]
Beginning of year	$ 19,148	$ 19,148
End of Year	$ 19,148	$ 19,148

Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Deposits, by Type [Abstract]
Noninterest-bearing demand accounts	$ 251,124	$ 218,990
Interest-bearing demand accounts	57,556	40,178
Savings accounts	6,101	5,286
Limited access money market accounts	227,074	210,131
Certificates of deposit, greater than $100	79,517	81,478
Certificates of deposit, less than $100	17,371	17,875
Total deposits	638,743	573,938
The scheduled maturities of certificates of deposit
2015	84,304
2016	6,322
2017	2,201
2018	2,361
2019	1,700
Certificates of deposit, total	96,888
Demand deposit overdrafts
Demand deposit overdrafts reclassified as loans	$ 50	$ 47

Advances from the Federal Home Loan Bank (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Advances from the Federal Home Loan Bank
Advances from Federal Home Loan Banks	$ 40,000	$ 15,000
Advances from the Federal Home Loan Bank, weighted average rate	0.36%
Availability to borrow additional funds	$ 236,067

Other Credit Extensions (Detail) $ in Thousands	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($) item
Federal Funds Credit Extensions With Commercial Banks
Other Credit Extensions
Number of credit facilities \| item	2	2
Maximum available borrowings	$ 14,600	$ 14,600
Outstanding borrowings	0	0
Federal Reserve Bank Secured Line Of Credit
Other Credit Extensions
Maximum available borrowings	164,026	127,088
Outstanding borrowings	0	0
Amounts of commercial loans were pledged as collateral	$ 201,210	$ 155,895

Junior Subordinated Debentures and Subordinated Notes (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($) item	Dec. 31, 2013 USD ($) $ / shares shares	Dec. 31, 2011 USD ($)
Debt instrument
Junior subordinated debentures-Trust Securities with a rate of LIBOR plus 1.85% debentures payable to Parkway National Capital Trust 1 with stated maturity of 2036	$ 3,093	$ 3,093
Subordinated notes-unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21-effective interest rate of 6.025%)	4,981	4,979
Face amount of subordinated notes issued to related party	$ 5,000
Maximum
Debt instrument
Interest distribution quarterly periods \| item	20
Junior subordinated debentures-Trust Securities \| Fidelity Resource Company
Debt instrument
Debentures assumed in business combination			$ 3,100
Subordinated notes-unsecured notes
Debt instrument
Face amount of subordinated notes issued to related party		5,000
Subordinated notes-unsecured notes \| Affiliated entities
Debt instrument
Subordinated notes-unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21-effective interest rate of 6.025%)	$ 4,981	$ 4,979
Fixed rate (as a percent)	6.00%	6.00%
Discount on related party debt	$ 21	$ 21
Effective interest rate (as a percent)	6.025%	6.025%
Number of shares that warrants issued to related party may be converted into (in shares) \| shares		25,000
Exercise price of warrants issued to related party (in dollars per share) \| $ / shares		$ 11
Price used to calculate fair value of warrants issued to related party (in dollars per share) \| $ / shares		$ 0.80
LIBOR \| Junior subordinated debentures-Trust Securities
Debt instrument
Margin (as a percent)	1.85%	1.85%
Parkway National Capital Trust 1 [Member]
Debt instrument
Basis of variable distribution rate	3-month LIBOR	3-month LIBOR
Basis spread on variable distribution rate (as a percent)	1.85%	1.85%
Distribution effective rate (as a percent)	2.09%	2.10%

Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income tax expense (benefit):
Current	$ 3,171	$ 2,491	$ 534
Deferred	(466)	(714)	(398)
Total income tax expense	$ 2,705	$ 1,777	136
Reconciliation of income tax computed at statutory rate to effective tax rate
Statutory rate (as a percent)	34.00%	34.00%
Federal income tax expense rate at 34%	$ 2,690	$ 1,763	549
Stock option expense		76	58
Bank-owned life insurance income	(118)	(110)	(52)
Non-deductible dues and memberships	50	48	44
Non-deductible meals and entertainment	43	24
Change in valuation allowance			(518)
Other	40	(24)	55
Total income tax expense	$ 2,705	$ 1,777	$ 136
Effective tax rate (as a percent)	34.20%	34.30%	8.40%
Deferred tax assets:
Net operating loss		$ 96
Organizational costs	$ 167	183
Allowance for loan losses	1,868	1,619
Deferred loan fees	18	32
Non-accrual interest	69	62
Capital loss carryforward	85	85
OREO write down for book purposes		55
Deferred rent expenses	66	70
Restricted stock	131	84
Stock options	73
Accrued bonuses	271	243
Other	137	134
Total deferred tax assets	2,885	2,663
Deferred tax liabilities:
Net unrealized gain on securities available for sale	88	14
Core deposit intangibles	412	512
FHLB stock dividends	27	26
Bank premises and equipment	973	1,118
Total deferred tax liabilities	1,500	1,670
Net deferred tax asset	1,385	993
Veritex Holdings, Inc.
Income tax expense (benefit):
Total income tax expense	(256)	(102)
Reconciliation of income tax computed at statutory rate to effective tax rate
Total income tax expense	$ (256)	$ (102)

Income Taxes (Detail 2) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Amount included in consolidated balance sheets
Net deferred tax asset	$ 1,385	$ 993
Other assets.
Amount included in consolidated balance sheets
Current tax liability	89
Current tax receivable		292
Net deferred tax asset	$ 1,385	$ 993

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Minimum future rental payments under non-cancelable operating leases
2015	$ 955
2016	879
2017	904
2018	816
2019	751
Thereafter	1,717
Total	6,022
Operating Leases
Rental expense on operating lease	1,468	$ 1,353	$ 1,205
Loss on early contract termination			$ 102
Liability associated with early contract termination	$ 0	$ 7

Other Non-interest Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Non-interest Expense
Business development	$ 446	$ 308	$ 235
Office and postage	240	216	304
Director fees	198	83	45
Insurance	92	99	95
Security	115	105	102
Charitable contributions and donations	147	135	62
Travel	41	42	37
Training	45	34	26
Other	787	701	553
Total	$ 2,111	$ 1,723	$ 1,459

Fair Value Disclosures (Detail) - USD ($) $ in Thousands	12 Months Ended
Fair Value Disclosures (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Assets measured at fair value
Investment securities available for sale	$ 45,127	$ 45,604
Related Allowance	87
Level 2 Inputs \| Carrying Amount
Assets measured at fair value
Investment securities available for sale	45,127	45,604
Recurring
Assets measured at fair value
Investment securities available for sale	45,127	45,604
Liabilities measured at fair value	0	0
Transfer of assets from Level 2 to Level 3	0	0
Transfer of assets from Level 3 to Level 2	0	0
Recurring \| Level 2 Inputs
Assets measured at fair value
Investment securities available for sale	45,127	45,604
Non-recurring
Assets measured at fair value
Impaired loans	2,056	4,155
Other real estate owned	50	1,797
Related Allowance	87	0
Liabilities measured at fair value	0	0
Non-recurring \| Carrying Amount
Assets measured at fair value
Impaired loans	2,056	4,155
Other real estate owned	53	1,959
Non-recurring \| Period Ended Total Losses
Assets measured at fair value
Other real estate owned	3	162
Non-recurring \| Level 3 Inputs
Assets measured at fair value
Impaired loans	2,056	4,155
Other real estate owned	$ 50	$ 1,797

Fair Value Disclosures (Detail 2) - Collateral Method - Level 3 Inputs - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Impaired loans
Significant unobservable inputs used in the fair value measurements
Fair Value	$ 2,056	$ 4,155
Weighted Average (as a percent)	8.00%	8.00%
Other real estate owned, net
Significant unobservable inputs used in the fair value measurements
Fair Value	$ 50	$ 1,797
Weighted Average (as a percent)	8.00%	8.00%

Fair Value Disclosures (Detail 3) - USD ($) $ in Thousands	12 Months Ended
Fair Value Disclosures (Detail 3) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Fair Value Disclosures
Maximum maturity period for Federal Home Loan Bank advances recorded at carrying value	90 days
Financial assets:
Securities available for sale	$ 45,127	$ 45,604
Financial liabilities:
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,981	4,979
Level 2 Inputs \| Carrying Amount
Financial assets:
Cash and cash equivalents	93,251	76,646
Securities available for sale	45,127	45,604
Loans held for sale	8,858	2,051
Accrued interest receivable	1,542	1,351
Bank-owned life insurance	17,822	10,475
Non-marketable equity securities	4,139	2,714
Financial liabilities:
Deposits	638,743	573,938
Advances from FHLB	40,000	15,000
Accrued interest payable	126	134
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,981	4,979
Level 2 Inputs \| Total Fair Value
Financial assets:
Cash and cash equivalents	93,251	76,646
Securities available for sale	45,127	45,604
Loans held for sale	8,858	2,051
Accrued interest receivable	1,542	1,351
Bank-owned life insurance	17,822	10,475
Non-marketable equity securities	4,139	2,714
Financial liabilities:
Deposits	630,402	568,451
Advances from FHLB	40,028	15,055
Accrued interest payable	126	134
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,981	4,979
Level 3 Inputs \| Carrying Amount
Financial assets:
Loans, net	597,278	490,158
Level 3 Inputs \| Total Fair Value
Financial assets:
Loans, net	$ 596,138	$ 490,344

Financial Instruments with Off-Balance Sheet Risk (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Financial instruments with off-balance sheet risk
Total commitments	$ 145,042	$ 93,037
Commitments to extend credit
Financial instruments with off-balance sheet risk
Total commitments	144,224	92,827
Standby letters of credit
Financial instruments with off-balance sheet risk
Total commitments	$ 818	$ 210

Employee Benefits (Detail) - USD ($)	1 Months Ended	12 Months Ended
Employee Benefits (Detail) - USD ($)	Jan. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Employee Benefits
Matching contributions to 401(k) profit sharing Plan		$ 0	$ 0
Summary of ESOP shares
Allocated shares		16,958	7,811
Unearned shares		36,935
Total ESOP shares		53,893	7,811
Fair value of unearned shares		$ 523
ESOP
ESOP
Amount borrowed	$ 500,000
Shares purchased	46,082
Loan repayment		$ 118,000
Number of shares released		9,147
Compensation expense		$ 152,000	$ 120,000

Stock and Incentive Plan (Detail) $ / shares in Units, $ in Thousands		12 Months Ended
	Oct. 09, 2014 USD ($) item $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) item $ / shares shares	Dec. 31, 2012 USD ($) $ / shares shares	Dec. 31, 2010 shares
2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized					1,000,000
Stock based compensation expense \| $		$ 329	$ 323	$ 255
Unrecognized compensation expense (in dollars) \| $		$ 230	1,670
Portion of unrecognized compensation expense expected to be recognized over remaining requisite service periods of awards granted \| $			844
Portion of unrecognized compensation expense not expected to be recognized due to performance criteria not expected to be achieved \| $			$ 826
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Dividend yield (as a percent)		0.00%	0.00%
Expected volatility (as a percent)		5.60%	4.00%
Risk-free interest rate, minimum (as a percent)		2.54%	2.05%
Risk-free interest rate, maximum (as a percent)		2.85%	2.75%
Additional disclosures
Stock based compensation expense \| $		$ 329	$ 323	$ 255
2010 Stock Option and Equity Incentive Plan \| Minimum
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Expected life		6 years 6 months
2010 Stock Option and Equity Incentive Plan \| Maximum
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Expected life		6 years 10 months 24 days
Omnibus Plan
Stock and Incentive Plans
Number of shares authorized		1,000,000
Stock based compensation expense \| $		$ 126
Additional disclosures
Stock based compensation expense \| $		$ 126
Restricted shares \| 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized					100,000
Term of continuous service for vesting awards		4 years
Unrecognized compensation expense (in dollars) \| $		$ 286	$ 150
Additional disclosures
Requisite service period to recognize compensation cost		1 year 8 months 27 days
Activity in shares
Nonvested at the beginning of the period (in shares)		35,000	40,000
Granted (in shares)		28,500	1,000
Forfeited (in shares)		(1,250)	(6,000)
Nonvested at the end of the period (in shares)		62,250	35,000	40,000
Activity in weighted average grant date fair value
Nonvested at the beginning of the period (in dollars per share) \| $ / shares		$ 10.02	$ 10.00
Granted (in dollars per share) \| $ / shares		11.93	10.85
Forfeited (in dollars per share) \| $ / shares		(10.85)	(10.00)
Nonvested at the end of the period (in dollars per share) \| $ / shares		$ 10.86	$ 10.02	$ 10.00
Restricted stock units \| Omnibus Plan
Stock and Incentive Plans
Awards granted in conjunction with cancellation of awards under Incentive Plan (in shares)	81,480
Number of employees and directors granted awards in conjunction with cancellation of awards under Incentive Plan \| item	29
Restricted stock units vested from the date of grant	5 years
Annual vesting percentage of shares granted under the Plan	20.00%
Incremental compensation cost resulting from plan modification \| $	$ 1,059
Incremental cost resulting from plan modification, recognition period	5 years
Unrecognized compensation expense (in dollars) \| $		$ 922
Restricted stock additional units granted to employees and directors		8,223
Additional disclosures
Requisite service period to recognize compensation cost		4 years 8 months 27 days
Activity in shares
Granted (in shares)		89,703
Vested (in shares)		(7,000)
Nonvested at the end of the period (in shares)		82,903
Activity in weighted average grant date fair value
Granted (in dollars per share) \| $ / shares		$ 13.00
Nonvested at the end of the period (in dollars per share) \| $ / shares		$ 13.00
Stock option \| 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized					900,000
Term of continuous service for vesting awards		5 years
Contractual terms for non-controlling participants		10 years
Unrecognized compensation expense (in dollars) \| $		$ 230	$ 1,520
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Expected life			10 years
Performance-based stock options \| 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized					500,000
Cancelled during the period (in shares)	(467,500)	(467,500)
Cancelled during the period (in dollars per share) \| $ / shares	$ (10.13)	$ (10.14)
Number of shares awarded under stock options		50,000	10,000
Stock based compensation expense \| $			$ 0
Unrecognized compensation expense (in dollars) \| $		$ 0	$ 349
Shares Underlying Options activity
Outstanding at beginning of period (in shares)		422,500	432,500
Granted during the period (in shares)		50,000	10,000
Forfeited during the period (in shares)		(5,000)	(20,000)
Cancelled during the period (in shares)	(467,500)	(467,500)
Outstanding at the end of period (in shares)			422,500	432,500
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share) \| $ / shares		$ 10.02	$ 10.00
Granted during the period (in dollars per share) \| $ / shares		11.26	10.85
Forfeited during the period (in dollars per share) \| $ / shares		(10.85)	(10.00)
Cancelled during the period (in dollars per share) \| $ / shares	$ (10.13)	(10.14)
Outstanding at the end of period (in dollars per share) \| $ / shares			10.02	$ 10.00
Weighted average fair value of options granted during the period (in dollars per share) \| $ / shares		$ 2.03	$ 2.51
Weighted Average Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2			8 years	8 years
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2			8 years	8 years
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars) \| $			$ 1,216
Aggregate intrinsic value of exercisable stock options (in dollars) \| $		$ 0	$ 0
Requisite service period to recognize compensation cost			7 years
Stock based compensation expense \| $			$ 0
Number of performance conditions met \| item			1
Activity in shares
Granted (in shares)		50,000
Nonperformance-based stock options \| 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares awarded under stock options		30,000	10,000
Unrecognized compensation expense (in dollars) \| $		$ 230	$ 402
Shares Underlying Options activity
Outstanding at beginning of period (in shares)		327,500	332,500
Granted during the period (in shares)		30,000	10,000
Forfeited during the period (in shares)		(5,000)	(15,000)
Outstanding at the end of period (in shares)		352,500	327,500	332,500
Options exercisable at end of period (in shares)		189,000	115,500
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share) \| $ / shares		$ 10.03	$ 10.00
Granted during the period (in dollars per share) \| $ / shares		11.53	10.85
Forfeited during the period (in dollars per share) \| $ / shares		(10.85)	(10.00)
Outstanding at the end of period (in dollars per share) \| $ / shares		10.14	10.03	$ 10.00
Options exercisable at end of period (in dollars per share) \| $ / shares		10.05	10.00
Weighted average fair value of options granted during the period (in dollars per share) \| $ / shares		$ 1.94	$ 2.51
Weighted Average Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2		6 years 6 months 29 days	7 years 8 months 9 days	8 years 2 months 5 days
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2		6 years 6 months 29 days	7 years 8 months 9 days	8 years 2 months 5 days
Options exercisable at end of period		6 years 4 months 13 days	7 years 7 days
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars) \| $		$ 1,420	$ 939
Aggregate intrinsic value of exercisable stock options (in dollars) \| $		$ 780	$ 335
Requisite service period to recognize compensation cost		2 years 3 months 29 days
Activity in shares
Granted (in shares)		30,000

Related Party Transactions (Detail) $ in Thousands	12 Months Ended
Related Party Transactions (Detail) $ in Thousands	Dec. 31, 2014 USD ($) entity	Dec. 31, 2013 USD ($)
Related Party Transactions
Aggregate amounts of loans to the Company's employees, officers, directors and their affiliates	$ 11,353	$ 16,703
New advances to the Company's employees, officers, directors and their affiliates	2,745	7,102
Principal payments received from the loans to employees, officers, directors, and their affiliates	8,095	8,787
Unfunded commitments to related parties	228	1,398
Deposits received from related parties	17,303	$ 15,511
Face amount of subordinated notes issued to related party	$ 5,000
Number of related party lenders \| entity	2

Preferred Stock (Detail) $ / shares in Units, $ in Thousands			12 Months Ended
	Aug. 25, 2014	Aug. 25, 2011 USD ($) item shares	Dec. 31, 2013 USD ($) $ / shares	Dec. 31, 2012 USD ($)	Dec. 31, 2014 $ / shares
Preferred Stock
Shares issued pursuant to SBLF program, value \| $			$ 1,210	$ 1,398
Liquidation amount (in dollars per share) \| $ / shares			$ 1,000		$ 1,000
SBLF Preferred Stock
Preferred Stock
Number of quarters during which dividend rate fluctuates \| item		10
Number of dividend payment defaults triggering appointment of a representative as an observer on the Company's Board of Directors \| item		5
Redemption price as a percentage of liquidation amount plus accrued but unpaid dividends	100.00%
Liquidation amount (in dollars per share) \| $ / shares					$ 1,000
SBLF Purchase Agreement \| SBLF Preferred Stock \| Initial dividend period
Preferred Stock
Dividend rate (as a percent)		1.00%
SBLF Purchase Agreement \| SBLF Preferred Stock \| Dividend period for tenth calendar quarter through four and one half years after issuance
Preferred Stock
Dividend rate (as a percent)	1.00%
Dividend period used in setting dividend rate		4 years 6 months
SBLF Purchase Agreement \| SBLF Preferred Stock \| Dividend period after four and one half years from issuance
Preferred Stock
Dividend rate (as a percent)		9.00%
Dividend period used in setting dividend rate		4 years 6 months
Quarterly lending incentive fee (as a percent)		0.50%
SBLF Purchase Agreement \| SBLF Preferred Stock \| Secretary of the Treasury
Preferred Stock
Shares issued pursuant to SBLF program \| shares		8,000
Shares issued pursuant to SBLF program, value \| $		$ 8,000

Capital Requirements and Restrictions on Retained Earnings (Detail) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Total capital (to risk weighted assets)
Actual Amount	$ 107,197	$ 59,100
Actual Ratio (as a percent)	17.22%	11.74%
For Capital Adequacy Purposes Amount	$ 49,814	$ 40,288
For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Tier 1 capital (to risk weighted assets)
Actual Amount	$ 96,236	$ 49,103
Actual Ratio (as a percent)	15.46%	9.75%
For Capital Adequacy Purposes Amount	$ 24,907	$ 20,144
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Tier 1 capital (to average assets)
Actual Amount	$ 96,236	$ 49,103
Actual Ratio (as a percent)	12.66%	8.06%
For Capital Adequacy Purposes Amount	$ 30,400	$ 24,373
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Bank
Total capital (to risk weighted assets)
Actual Amount	$ 79,616	$ 57,275
Actual Ratio (as a percent)	12.79%	11.37%
For Capital Adequacy Purposes Amount	$ 49,788	$ 40,296
For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 62,235	$ 50,370
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 capital (to risk weighted assets)
Actual Amount	$ 73,635	$ 52,257
Actual Ratio (as a percent)	11.83%	10.37%
For Capital Adequacy Purposes Amount	$ 24,894	$ 20,148
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 37,341	$ 30,222
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.00%	6.00%
Tier 1 capital (to average assets)
Actual Amount	$ 73,635	$ 52,257
Actual Ratio (as a percent)	9.69%	8.58%
For Capital Adequacy Purposes Amount	$ 30,386	$ 24,369
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 37,983	$ 30,461
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%

Subsequent Events (Detail) $ in Thousands	Mar. 09, 2015 USD ($) item shares	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Subsequent Events
Total assets		$ 802,286	$ 664,971
Total loans		597,278	490,158
Total deposits		638,743	573,938
IBT
Subsequent Events
Total assets		121,000
Total loans		99,000
Total deposits		104,000
Veritex Holdings, Inc.
Subsequent Events
Total assets		$ 121,528	$ 74,897
Subsequent event \| IBT
Subsequent Events
Number of banking location in the Dallas metropolitan area. \| item	2
Number of common stock issues \| shares	1,185,185
Payments in cash	$ 4,000

Parent Company Only Financial Statements (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 93,251	$ 76,646	$ 53,160	$ 62,790
Other assets	2,512	3,415
Total assets	802,286	664,971
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	688,974	598,732
Stockholders' equity:
Preferred stock	8,000	8,000
Common stock	95	58
Additional paid-in capital	97,469	55,303
Retained earnings	8,047	2,922
Unallocated Employee Stock Ownership Plan Shares	(401)
Treasury stock	(70)	(70)
Accumulated other comprehensive income	172	26
Total stockholders' equity	113,312	66,239	61,860	$ 58,676
Total liabilities and stockholders' equity	802,286	664,971
Veritex Holdings, Inc.
ASSETS
Cash and cash equivalents	27,399	2,018	$ 1,166
Investment in subsidiaries	93,897	72,579
Other assets	232	300
Total assets	121,528	74,897
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	142	586
Other borrowings	8,074	8,072
Total liabilities	8,216	8,658
Stockholders' equity:
Preferred stock	8,000	8,000
Common stock	95	58
Additional paid-in capital	97,469	55,303
Retained earnings	8,047	2,922
Unallocated Employee Stock Ownership Plan Shares	(401)
Treasury stock	(70)	(70)
Accumulated other comprehensive income	172	26
Total stockholders' equity	113,312	66,239
Total liabilities and stockholders' equity	$ 121,528	$ 74,897

Parent Company Only Financial Statements (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest income:
Other	$ 2	$ 2	$ 8
Interest expense:
Interest on borrowings	498	254	386
Net interest income (expense)	25,340	21,041	19,093
Noninterest expense:
Salaries and employee benefits	10,037	9,084	9,205
Other	2,111	1,723	1,459
Total noninterest expense	18,503	16,364	16,172
Net income from operations	7,910	5,185	1,615
Income tax expense (benefit)	2,705	1,777	136
Net income	5,205	3,408	$ 1,479
Veritex Holdings, Inc.
Interest income:
Other	2	2
Interest expense:
Interest on borrowings	379	63
Net interest income (expense)	(377)	(61)
Noninterest expense:
Salaries and employee benefits	162	162
Professional fees	212	76
Other	17
Total noninterest expense	391	238
Net income from operations	(768)	(299)
Income tax expense (benefit)	(256)	(102)
(Loss) Income before equity in undistributed income of subsidiaries	(512)	(197)
Equity in undistributed income of subsidiaries	5,717	3,605
Net income	$ 5,205	$ 3,408

Parent Company Only Financial Statements (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 5,205	$ 3,408	$ 1,479
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net cash provided by operating activities	2,233	6,141	1,633
Cash flows from investing activities:
Net cash used in investing activities	(116,700)	(119,771)	(95,705)
Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574	35,791
Proceeds from issuance of common stock, net	5,438	1,210	1,398
Purchase of common stock held in treasury		(70)
Proceeds from payments on ESOP Loan	118
Dividends paid on preferred stock	(80)	(60)	(100)
Issuance of subordinated notes		5,000
Net cash provided by financing activities	131,072	137,116	84,442
Net increase (decrease) in cash and cash equivalents	16,605	23,486	(9,630)
Cash and cash equivalents at beginning of year	76,646	53,160	62,790
Cash and cash equivalents at end of period	93,251	76,646	53,160
Veritex Holdings, Inc.
Cash flows from operating activities:
Net income	5,205	3,408
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of debt costs	2
Equity in undistributed net income of Bank	(5,717)	(3,605)
Decrease in other assets	68	389
(Decrease) Increase in other liabilities	(444)	580
Net cash provided by operating activities	(886)	772
Cash flows from investing activities:
Capital investment in subsidiaries	(15,000)	(6,000)
Net cash used in investing activities	(15,000)	(6,000)
Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574	35,791
Proceeds from issuance of common stock, net	5,438	1,210
Purchase of common stock held in treasury		(70)
Proceeds from payments on ESOP Loan	118
Dividends paid on preferred stock	(80)	(60)
Issuance of subordinated notes		5,000
Net cash provided by financing activities	41,267	6,080
Net increase (decrease) in cash and cash equivalents	25,381	852
Cash and cash equivalents at beginning of year	2,018	1,166
Cash and cash equivalents at end of period	$ 27,399	$ 2,018	$ 1,166

Parent Company Only Financial Statements (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
Veritex Holdings, Inc.
Condensed Cash Flow Statements, Captions [Line Items]
Offering costs	$ 4,574