SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2017

NOTE 21: SHAREHOLDERS’ EQUITY

On September 19, 2017, the Company amended and restated the Company’s certificate of formation to, among other things, change the Company’s name to CBTX, Inc., to increase the number of authorized preferred and common shares which the Company has the authority to issue and to reduce the par value of these shares to $0.01. The par value per share and the authorized number of shares of each class of stock changed resulting from this amendment to the certificate of formation are as follows:


					Authorized
	Par Value		Par Value		Number of	Authorized
	per Share		per Share		Shares	Number of
	Prior to		Post		Prior to	Shares Post
Line Item	Amendment		Amendment		Amendment	Amendment
Preferred Stock	$	10.00	$	0.01	1,000,000	10,000,000
Common Stock	$	10.00	$	0.01	15,000,000	90,000,000

Also, on September 20, 2017, the Board of Directors of the Company approved a 2‑for‑1 stock split, whereby each shareholder of the Company’s common stock received one additional share of common stock for each share owned at the record date of September 30, 2017 in the form of a stock dividend that was distributed on October 13, 2017.

The effects of the change in par value of the Company’s shares and the stock split on outstanding shares and per share figures have been retroactively applied to all periods presented as if the transaction had occurred as of the beginning of the earliest period presented. In addition, the number of shares of common stock underlying the Company’s stock options were proportionately increased and the exercise price of each stock option was proportionately decreased retroactively for all periods presented.

On November 10, 2017, the Company completed its initial public offering of 2,760,000 shares of its common stock at a price of $26.00 per share. Proceeds from this offering, net of $7.2 million of underwriting discounts and offering expenses paid by the Company, were $64.5 million.