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PARENT COMPANY | 12 Months Ended
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Dec. 31, 2017
PARENT COMPANY |
PARENT COMPANY | NOTE 22: PARENT COMPANY The following balance sheets, statements of income and statements of cash flow for CBTX, Inc. should be read in conjunction with the consolidated financial statements and the related notes. 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
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
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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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