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PARENT COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2017
PARENT COMPANY |
Condensed Balance Sheet | CBTX, INC. (Parent Company Only) Condensed Balance Sheets
|  | At December 31,
(Dollars in thousands) |  | 2017 |  | 2016
Assets |  |  |  |  |  |
Cash and due from banks |  | $ | 45,636 |  | $ | 5,057
Investment in subsidiary |  |  | 407,305 |  |  | 387,179
Deferred tax asset, net |  |  | 141 |  |  | 464
Other assets |  |  | 2,460 |  |  | 1,244
Total assets |  | $ | 455,542 |  | $ | 393,944
Liabilities and shareholders' equity |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Junior subordinated debt |  | $ | 6,726 |  | $ | 6,726
Note payable |  |  | — |  |  | 27,679
Other liabilities |  |  | 2,602 |  |  | 1,902
Total liabilities |  |  | 9,328 |  |  | 36,307
Shareholders’ equity |  |  |  |  |  |
Preferred stock |  | $ | — |  | $ | —
Common stock |  |  | 257 |  |  | 230
Additional paid-in capital |  |  | 343,249 |  |  | 278,501
Retained earnings |  |  | 118,353 |  |  | 95,274
Treasury stock |  |  | (15,256) |  |  | (15,446)
Accumulated other comprehensive loss |  |  | (389) |  |  | (922)
Total shareholders’ equity |  | $ | 446,214 |  | $ | 357,637
Total liabilities and shareholders’ equity |  | $ | 455,542 |  | $ | 393,944
Condensed Income Statement | CBTX, INC. (Parent Company Only) Condensed Income Statements
|  | For the Years Ended December 31,
(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
Interest income |  |  |  |  |  |  |  |  |
Other |  | $ | 142 |  | $ | 120 |  | $ | 10
Interest expense |  |  |  |  |  |  |  |  |
Note payable |  |  | 906 |  |  | 1,061 |  |  | 932
Junior subordinated debt |  |  | 322 |  |  | 266 |  |  | 217
Total interest expense |  |  | 1,228 |  |  | 1,327 |  |  | 1,149
Net interest expense |  |  | (1,086) |  |  | (1,207) |  |  | (1,139)
Noninterest income |  |  |  |  |  |  |  |  |
Dividend income from subsidiary |  |  | 8,806 |  |  | 12,250 |  |  | 30,400
Other |  |  | — |  |  | — |  |  | 1,025
Total noninterest income |  |  | 8,806 |  |  | 12,250 |  |  | 31,425
Noninterest expense |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 344 |  |  | 225 |  |  | 197
Net occupancy expense |  |  | — |  |  | 14 |  |  | —
Data processing |  |  | 37 |  |  | 28 |  |  | 26
Printing, stationery and office |  |  | 20 |  |  | 10 |  |  | 5
Professional and director fees |  |  | 842 |  |  | 341 |  |  | 276
Merger expense |  |  | — |  |  | — |  |  | 546
Other expenses |  |  | 17 |  |  | 31 |  |  | 38
Total noninterest expense |  |  | 1,260 |  |  | 649 |  |  | 1,088
Income before income tax benefit and equity in undistributed income of subsidiary |  |  | 6,460 |  |  | 10,394 |  |  | 29,198
Income tax benefit |  |  | (1,518) |  |  | (639) |  |  | (326)
Income before equity in undistributed income of subsidiary |  |  | 7,978 |  |  | 11,033 |  |  | 29,524
Equity in undistributed income (loss) of subsidiary |  |  | 19,593 |  |  | 16,175 |  |  | (5,388)
Net income |  | $ | 27,571 |  | $ | 27,208 |  | $ | 24,136
Condensed Statements of Cash Flows | CBTX, INC. (Parent Company Only) Condensed Statements of Cash Flows
|  | For the Years Ended December 31,
(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 27,571 |  | $ | 27,208 |  | $ | 24,136
Adjustments to reconcile consolidated net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Gain on redemption of junior subordinated debt |  |  | — |  |  | — |  |  | (1,025)
Stock-based compensation expense |  |  | 329 |  |  | 43 |  |  | 12
Equity in undistributed net (income) loss of subsidiary |  |  | (19,593) |  |  | (16,175) |  |  | 5,388
Deferred tax provision |  |  | 391 |  |  | 295 |  |  | (502)
Change in operating assets and liabilities: |  |  |  |  |  |  |  |  |
Other assets |  |  | (1,216) |  |  | 1,808 |  |  | 2,378
Other liabilities |  |  | 552 |  |  | (97) |  |  | 28
Total adjustments |  |  | (19,537) |  |  | (14,126) |  |  | 6,279
Net cash provided by operating activities |  |  | 8,034 |  |  | 13,082 |  |  | 30,415
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Acquisition of MCBI, net of cash acquired |  |  | — |  |  | — |  |  | (50,414)
Net cash used in investing activities |  |  | — |  |  | — |  |  | (50,414)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from sale of common stock in initial public offering |  |  | 64,519 |  |  | — |  |  | —
Purchase of treasury stock |  |  | — |  |  | (11,079) |  |  | (4,418)
Proceeds from issuance of treasury stock for exercise of stock options |  |  | 117 |  |  | 3,883 |  |  | 160
Purchase of trust preferred securities |  |  | — |  |  | — |  |  | (3,075)
Proceeds from note payable |  |  | — |  |  | — |  |  | 31,000
Repayment of note payable |  |  | (27,679) |  |  | (3,321) |  |  | —
Dividends paid on common stock |  |  | (4,412) |  |  | (4,395) |  |  | (4,487)
Net cash provided (used) in financing activities |  |  | 32,545 |  |  | (14,912) |  |  | 19,180
Net decrease in cash and cash equivalents |  |  | 40,579 |  |  | (1,830) |  |  | (819)
Cash and cash equivalents, beginning |  |  | 5,057 |  |  | 6,887 |  |  | 7,706
Cash and cash equivalents, ending |  | $ | 45,636 |  | $ | 5,057 |  | $ | 6,887

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