Company Quick10K Filing
Independent Bank Group
Price52.22 EPS3
Shares43 P/E16
MCap2,248 P/FCF16
Net Debt-570 EBIT294
TEV1,678 TEV/EBIT6
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-03-31 Filed 2020-05-01
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-10-24
10-Q 2019-06-30 Filed 2019-07-25
10-Q 2019-03-31 Filed 2019-04-25
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-10-25
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-03-08
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-27
10-Q 2016-03-31 Filed 2016-04-27
10-K 2015-12-31 Filed 2016-02-25
10-Q 2015-09-30 Filed 2015-10-30
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-30 Filed 2014-11-04
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-05
10-K 2013-12-31 Filed 2014-03-27
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-15
8-K 2020-04-29 Other Events, Exhibits
8-K 2020-04-27 Earnings, Regulation FD, Exhibits
8-K 2020-02-03 Other Events, Exhibits
8-K 2020-01-29 Other Events, Exhibits
8-K 2020-01-27 Earnings, Regulation FD, Exhibits
8-K 2020-01-21 Other Events, Exhibits
8-K 2019-12-09 Enter Agreement, Officers, Exhibits
8-K 2019-12-09 Other Events, Exhibits
8-K 2019-11-11 Officers, Exhibits
8-K 2019-11-05 Regulation FD, Exhibits
8-K 2019-10-23 Other Events, Exhibits
8-K 2019-10-21 Earnings, Regulation FD, Exhibits
8-K 2019-08-07 Regulation FD, Exhibits
8-K 2019-07-25 Officers, Exhibits
8-K 2019-07-24 Other Events, Exhibits
8-K 2019-07-22 Earnings, Regulation FD, Exhibits
8-K 2019-05-23 Shareholder Rights, Shareholder Vote, Exhibits
8-K 2019-05-15 Regulation FD, Exhibits
8-K 2019-05-13 Officers
8-K 2019-04-24 Other Events, Exhibits
8-K 2019-04-23 Other Events, Exhibits
8-K 2019-04-22 Earnings, Regulation FD, Exhibits
8-K 2019-01-30 Regulation FD, Exhibits
8-K 2019-01-30 Other Events, Exhibits
8-K 2019-01-28 Earnings, Regulation FD, Exhibits
8-K 2019-01-17 Enter Agreement, Exhibits
8-K 2019-01-01 M&A, Officers, Other Events, Exhibits
8-K 2018-12-27 Other Events, Exhibits
8-K 2018-12-17 Other Events, Exhibits
8-K 2018-11-07 Regulation FD, Exhibits
8-K 2018-10-24 Other Events, Exhibits
8-K 2018-10-23 Earnings, Regulation FD, Exhibits
8-K 2018-09-24 Shareholder Vote
8-K 2018-07-31 Regulation FD, Exhibits
8-K 2018-07-25 Other Events, Exhibits
8-K 2018-07-23 Earnings, Regulation FD, Exhibits
8-K 2018-06-07 Regulation FD, Exhibits
8-K 2018-06-01 M&A, Exhibits
8-K 2018-05-24 Shareholder Vote
8-K 2018-05-22 Enter Agreement, Regulation FD, Exhibits
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-04-25 Other Events, Exhibits
8-K 2018-04-23 Earnings, Regulation FD, Exhibits
8-K 2018-03-16 Officers, Regulation FD, Exhibits
8-K 2018-02-01 Regulation FD, Exhibits
8-K 2018-01-31 Other Events, Exhibits
8-K 2018-01-29 Earnings, Regulation FD, Exhibits
8-K 2018-01-17 Enter Agreement, Regulation FD, Exhibits
8-K 2018-01-08 Regulation FD, Exhibits

IBTX 10Q Quarterly Report

Part I
Item 1. Consolidated Finacial Statements
Note 1. Summary of Significant Accounting Policies
Note 2. Statement of Cash Flows
Note 3. Securities Available for Sale
Note 4. Loans, Net and Allowance for Loan Losses
Note 5. Commitments and Contingencies
Note 6. Income Taxes
Note 7. Fair Value Measurements
Note 8. Derivative Financial Instruments
Note 9. Stock Awards
Note 10. Regulatory Matters
Note 11. Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 exhibit311q12020.htm
EX-31.2 exhibit312q12020.htm
EX-32.1 exhibit321q12020.htm
EX-32.2 exhibit322q12020.htm

Independent Bank Group Earnings 2020-03-31

Balance SheetIncome StatementCash Flow

Document
false--12-31Q12020000156461880400000.250.250.010.010.010.01100000000100000000100000000100000000429502284304177600029204000327360000.010.010.010.011000000010000000100000001000000000P3Y 0001564618 2020-01-01 2020-03-31 0001564618 2020-04-30 0001564618 2019-12-31 0001564618 2020-03-31 0001564618 2019-01-01 2019-03-31 0001564618 us-gaap:CommonStockMember 2019-03-31 0001564618 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001564618 us-gaap:CommonStockMember 2020-03-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001564618 2018-12-31 0001564618 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001564618 us-gaap:CommonStockMember 2019-12-31 0001564618 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001564618 us-gaap:RetainedEarningsMember 2019-12-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001564618 us-gaap:PreferredStockMember 2020-03-31 0001564618 us-gaap:PreferredStockMember 2019-12-31 0001564618 us-gaap:CommonStockMember 2018-12-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001564618 2019-03-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001564618 us-gaap:PreferredStockMember 2018-12-31 0001564618 us-gaap:PreferredStockMember 2019-03-31 0001564618 us-gaap:RetainedEarningsMember 2018-12-31 0001564618 us-gaap:RetainedEarningsMember 2019-03-31 0001564618 us-gaap:RetainedEarningsMember 2020-03-31 0001564618 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001564618 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001564618 ibtx:October2018ShareRepurchaseProgramMember 2019-01-01 2019-03-31 0001564618 ibtx:TexasCapitalBancsharesInc.Member srt:ScenarioForecastMember ibtx:TexasCapitalBancsharesInc.Member 2020-06-01 0001564618 srt:ProFormaMember us-gaap:AccountingStandardsUpdate201613Member us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:UnfundedLoanCommitmentMember 2020-01-01 0001564618 ibtx:October2018ShareRepurchaseProgramMember 2019-01-01 2019-12-31 0001564618 ibtx:October2018ShareRepurchaseProgramMember 2020-01-01 2020-03-31 0001564618 ibtx:IndependentBankGroupInc.Member srt:ScenarioForecastMember ibtx:TexasCapitalBancsharesInc.Member 2020-06-01 0001564618 srt:ProFormaMember us-gaap:AccountingStandardsUpdate201613Member us-gaap:UnfundedLoanCommitmentMember 2020-01-01 0001564618 ibtx:TexasCapitalBancsharesInc.Member srt:ScenarioForecastMember ibtx:TexasCapitalBancsharesInc.Member us-gaap:PreferredStockMember 2020-01-01 2020-06-01 0001564618 ibtx:TexasCapitalBancsharesInc.Member srt:ScenarioForecastMember ibtx:TexasCapitalBancsharesInc.Member 2020-01-01 2020-06-01 0001564618 ibtx:October2018ShareRepurchaseProgramMember 2018-10-24 0001564618 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001564618 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0001564618 us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0001564618 us-gaap:OtherDebtSecuritiesMember 2019-12-31 0001564618 us-gaap:CorporateBondSecuritiesMember 2020-03-31 0001564618 us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0001564618 us-gaap:AgencySecuritiesMember 2020-03-31 0001564618 us-gaap:USTreasurySecuritiesMember 2019-12-31 0001564618 us-gaap:AgencySecuritiesMember 2019-12-31 0001564618 us-gaap:USTreasurySecuritiesMember 2020-03-31 0001564618 us-gaap:CorporateBondSecuritiesMember 2019-12-31 0001564618 us-gaap:OtherDebtSecuritiesMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2020-01-01 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2020-01-01 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember 2019-12-31 0001564618 ibtx:OtherPortfolioSegmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2020-01-01 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2020-01-01 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember 2020-01-01 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-01-01 2019-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2019-01-01 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2020-01-01 2020-03-31 0001564618 ibtx:GuarantyBancorpMember 2019-01-01 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-03-31 0001564618 ibtx:OtherPortfolioSegmentMember 2018-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2018-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2018-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2018-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2018-12-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2018-12-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember 2019-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember 2019-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember 2019-03-31 0001564618 ibtx:OtherPortfolioSegmentMember 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-03-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2020-03-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2019-12-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2019-01-01 2019-03-31 0001564618 us-gaap:UnallocatedFinancingReceivablesMember 2019-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2018-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2018-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001564618 us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember ibtx:PassWatchMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:SubstandardMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:PassWatchMember 2019-12-31 0001564618 us-gaap:DoubtfulMember 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember ibtx:PassWatchMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 us-gaap:SubstandardMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:PassMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:OtherPortfolioSegmentMember ibtx:PassWatchMember 2019-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:PassMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember ibtx:PassWatchMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember ibtx:PassWatchMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember ibtx:PassWatchMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember ibtx:PassWatchMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember ibtx:PassWatchMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:PassWatchMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember ibtx:PassWatchMember 2019-12-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001564618 us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 ibtx:PassWatchMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:PassWatchMember 2019-12-31 0001564618 us-gaap:PassMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:PassMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 us-gaap:PassMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember ibtx:PassWatchMember 2019-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2020-03-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:DoubtfulMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember ibtx:PassWatchMember 2020-03-31 0001564618 ibtx:OtherPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember ibtx:PassWatchMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:CommercialRealEstateMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialConstructionLandandLandDevelopmentRealEstateMember 2020-03-31 0001564618 ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialConstructionLandandLandDevelopmentRealEstateMember 2019-12-31 0001564618 ibtx:RealEstatePortfolioSegmentMember us-gaap:CommercialRealEstateMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2019-12-31 0001564618 srt:MaximumMember us-gaap:CommercialPortfolioSegmentMember ibtx:WarehouseLoansMember 2020-01-01 2020-03-31 0001564618 srt:MinimumMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:WarehouseLoansMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:WarehouseLoansMember 2020-01-01 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember ibtx:NonRealEstateLoanMember 2020-01-01 2020-03-31 0001564618 ibtx:LoansandLeasesNetMember ibtx:OwnerOccupiedMember 2020-01-01 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2020-03-31 0001564618 stpr:CO ibtx:LoansandLeasesNetMember us-gaap:GeographicConcentrationRiskMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:EnergyRelatedLoansMember 2019-12-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:EnergyRelatedLoansMember 2020-03-31 0001564618 ibtx:AgriculturalPortfolioSegmentMember us-gaap:RealEstateLoanMember 2020-01-01 2020-03-31 0001564618 us-gaap:CommercialPortfolioSegmentMember ibtx:WarehouseLoansMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:PassWatchMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:PassMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:SubstandardMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:PassMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:DoubtfulMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:SubstandardMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:SpecialMentionMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:PassWatchMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:DoubtfulMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:SpecialMentionMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember us-gaap:ConsumerPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:OtherPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivables30to89DaysPastDueMember 2019-12-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 ibtx:FinancingReceivablesExcludingReceivablesAcquiredwithDeterioratedCreditQualityMember ibtx:AgriculturalPortfolioSegmentMember ibtx:FinancingReceivables30to89DaysPastDueMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:OtherPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:AgriculturalPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-12-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:AgriculturalPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2020-03-31 0001564618 us-gaap:NonperformingFinancingReceivableMember ibtx:OtherPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:UnallocatedFinancingReceivablesMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:ConsumerPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:AgriculturalPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:AgriculturalPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember ibtx:CommercialRealEstateConstructionLandandLandDevelopmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:CommercialPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember ibtx:SingleFamilyInterimConstructionRealEstatePortfolioSegmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:UnallocatedFinancingReceivablesMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:OtherPortfolioSegmentMember 2019-12-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:OtherPortfolioSegmentMember 2020-03-31 0001564618 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ibtx:RealEstatePortfolioSegmentMember us-gaap:ResidentialRealEstateMember 2019-12-31 0001564618 us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2020-03-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateBondSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001564618 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AgencySecuritiesMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member 2020-03-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member 2019-12-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member 2019-12-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:StandbyLettersOfCreditMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:CommitmentsToExtendCreditMember 2020-03-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:CommitmentsToExtendCreditMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:StandbyLettersOfCreditMember 2019-12-31 0001564618 ibtx:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2020-01-01 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001564618 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2020-03-31 0001564618 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2020-03-31 0001564618 us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001564618 ibtx:OtherRealEstateMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-12-31 0001564618 us-gaap:FairValueMeasurementsNonrecurringMember 2020-03-31 0001564618 ibtx:ImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-12-31 0001564618 us-gaap:ForwardContractsMember 2020-01-01 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember 2019-01-01 2019-03-31 0001564618 us-gaap:ForwardContractsMember 2019-01-01 2019-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember 2020-01-01 2020-03-31 0001564618 ibtx:RiskParticipationAgreementsLeadBankMember 2020-03-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:FinancialinstitutioncounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2019-12-31 0001564618 us-gaap:InterestRateLockCommitmentsMember us-gaap:NondesignatedMember 2020-03-31 0001564618 us-gaap:ForwardContractsMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:InterestRatePaidMember ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:InterestRatePaidMember ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:InterestRateReceivedMember ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2019-12-31 0001564618 ibtx:InterestRateReceivedMember ibtx:LoancustomercounterpartyMember us-gaap:InterestRateSwapMember us-gaap:CommercialLoanMember us-gaap:NondesignatedMember 2020-03-31 0001564618 ibtx:EquityIncentivePlanTwentyThirteenMember 2020-03-31 0001564618 ibtx:EquityIncentivePlanTwentyThirteenMember 2018-05-31 0001564618 us-gaap:RestrictedStockMember 2020-01-01 2020-03-31 0001564618 us-gaap:RestrictedStockMember 2019-01-01 2019-03-31 0001564618 ibtx:GuarantyTwentyFifteenLongTermIncentivePlanMember 2019-01-01 2019-01-01 0001564618 srt:MaximumMember ibtx:EquityIncentivePlanTwentyThirteenMember 2020-01-01 2020-03-31 0001564618 ibtx:SecondYearMember 2020-03-31 0001564618 ibtx:FourthYearMember 2020-03-31 0001564618 ibtx:ThirdYearMember 2020-03-31 0001564618 ibtx:FifthYearMember 2020-03-31 0001564618 ibtx:FirstYearMember 2020-03-31 0001564618 srt:MinimumMember ibtx:EquityIncentivePlanTwentyThirteenMember 2020-01-01 2020-03-31 0001564618 srt:SubsidiariesMember 2019-12-31 0001564618 srt:ParentCompanyMember 2019-12-31 0001564618 srt:ParentCompanyMember 2020-03-31 0001564618 srt:SubsidiariesMember 2020-03-31 0001564618 us-gaap:SubsequentEventMember 2020-04-29 2020-04-29 ibtx:segment iso4217:USD iso4217:USD xbrli:shares ibtx:security xbrli:shares xbrli:pure ibtx:business_trust ibtx:modified_loan ibtx:component


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549   

FORM 10-Q
(Mark One)
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For the quarterly period ended March 31, 2020.
or
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For the transition period from                 to                    .
Commission file number 001-35854
Independent Bank Group, Inc.
(Exact name of registrant as specified in its charter)   
Texas
   
13-4219346
(State or other jurisdiction of incorporation or organization)
   
(I.R.S. Employer Identification No.)
   
   
   
7777 Henneman Way
   
 
McKinney,
 
 
Texas
 
75070-1711
(Address of principal executive offices)
   
(Zip Code)
(972) 562-9004
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Exchange on Which Registered
Common Stock, par value $0.01 per share
 
IBTX
 
NASDAQ Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer
   
 
      
Accelerated Filer
   
Non-Accelerated Filer
   
(Do not check if a smaller reporting company)
 
 
 
 
 
 
 
Smaller Reporting Company
 
 
 
 
 
 
Emerging Growth Company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act.
Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Applicable Only to Corporate Issuers
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practical date.
Common Stock, Par Value $0.01 Per Share – 43,041,776 shares as of April 30, 2020.





INDEPENDENT BANK GROUP, INC. AND SUBSIDIARIES
Form 10-Q
March 31, 2020
   
PART I.
 
 
   
   
   
 
Item 1.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   
 
 
Item 2.
 
   
   
   
 
Item 3.
 
   
   
   
 
Item 4.
 
   
   
   
 
PART II.
 
 
   
   
   
 
Item 1.
   
   
   
   
 
Item 1A.
   
   
   
   
 
Item 2
   
   
   
   
 
Item 3.
   
   
   
   
 
Item 4.
   
   
   
 
 
Item 5.
   
   
   
   
 
Item 6.
   
   
   
   
 
   
 
 
   


***






Table of Contents

PART I
ITEM 1. CONSOLIDATED FINACIAL STATEMENTS
Independent Bank Group, Inc. and Subsidiaries
Consolidated Balance Sheets
March 31, 2020 (unaudited) and December 31, 2019
(Dollars in thousands, except share information)
   
 
March 31,
 
December 31,
Assets
 
2020
 
2019
Cash and due from banks
 
$
203,572

 
$
186,299

Interest-bearing deposits in other banks
 
745,335

 
378,871

Cash and cash equivalents
 
948,907

 
565,170

Certificates of deposit held in other banks
 
5,719

 
5,719

Securities available for sale, at fair value
 
1,089,136

 
1,085,936

Loans held for sale (includes $32,736 and $29,204 carried at fair value, respectively)
 
39,427

 
35,645

Loans, net
 
11,758,272

 
11,562,814

Premises and equipment, net
 
245,539

 
242,874

Other real estate owned
 
2,994

 
4,819

Federal Home Loan Bank (FHLB) of Dallas stock and other restricted stock
 
55,325

 
30,052

Bank-owned life insurance (BOLI)
 
216,422

 
215,081

Deferred tax asset
 
1,616

 
6,943

Goodwill
 
994,021

 
994,021

Other intangible assets, net
 
97,565

 
100,741

Other assets
 
118,925

 
108,392

Total assets
 
$
15,573,868

 
$
14,958,207

 
 
 
 
 
Liabilities and Stockholders’ Equity
 
   
 
   
Deposits:
 
   
 
   
Noninterest-bearing
 
$
3,156,270

 
$
3,240,185

Interest-bearing
 
8,726,496

 
8,701,151

Total deposits
 
11,882,766

 
11,941,336

FHLB advances
 
975,000

 
325,000

Other borrowings
 
177,860

 
202,251

Junior subordinated debentures
 
53,874

 
53,824

Other liabilities
 
98,083

 
96,023

Total liabilities
 
13,187,583

 
12,618,434

Commitments and contingencies
 


 


Stockholders’ equity:
 
   
 
   
Preferred stock (0 and 0 shares outstanding, respectively)
 

 

Common stock (43,041,776 and 42,950,228 shares outstanding, respectively)
 
430

 
430

Additional paid-in capital
 
1,928,241

 
1,926,359

Retained earnings
 
426,942

 
393,674

Accumulated other comprehensive income
 
30,672

 
19,310

Total stockholders’ equity
 
2,386,285

 
2,339,773

Total liabilities and stockholders’ equity
 
$
15,573,868

 
$
14,958,207

See Notes to Consolidated Financial Statements

1





Table of Contents

Independent Bank Group, Inc. and Subsidiaries
Consolidated Statements of Income
Three Months Ended March 31, 2020 and 2019 (unaudited)
(Dollars in thousands, except per share information)
   
 
Three Months Ended March 31,
   
 
2020
 
2019
Interest income:
 
 
 
 
Interest and fees on loans
 
$
147,105

 
$
145,531

Interest on taxable securities
 
5,164

 
5,450

Interest on nontaxable securities
 
2,065

 
2,225

Interest on interest-bearing deposits and other
 
2,071

 
2,370

Total interest income
 
156,405

 
155,576

Interest expense:
 
 
 
 
Interest on deposits
 
28,071

 
27,842

Interest on FHLB advances
 
1,626

 
2,610

Interest on other borrowings and repurchase agreements
 
2,795

 
2,715

Interest on junior subordinated debentures
 
672

 
757

Total interest expense
 
33,164

 
33,924

Net interest income
 
123,241

 
121,652

Provision for loan losses
 
8,381

 
3,224

Net interest income after provision for loan losses
 
114,860

 
118,428

Noninterest income:
 
 
 
 
Service charges on deposit accounts
 
5,542

 
5,910

Investment management and trust
 
1,986

 
2,219

Mortgage banking revenue
 
2,525

 
3,093

Loss on sale of loans
 
(42
)
 

Gain on sale of other real estate
 
25

 

Gain on sale of securities available for sale
 
356

 
245

(Loss) gain on sale and disposal of premises and equipment
 
(63
)
 
9

Increase in cash surrender value of BOLI
 
1,341

 
1,359

Other
 
2,841

 
3,589

Total noninterest income
 
14,511

 
16,424

Noninterest expense:
 
 
 
 
Salaries and employee benefits
 
38,660

 
42,380

Occupancy
 
10,037

 
8,991

Communications and technology
 
5,552

 
5,064

FDIC assessment
 
1,752

 
1,248

Advertising and public relations
 
611

 
663

Other real estate owned expenses, net
 
374

 
71

Impairment of other real estate
 

 
436

Amortization of other intangible assets
 
3,176

 
3,235

Professional fees
 
4,214

 
1,170

Acquisition expense, including legal
 
549

 
14,987

Other
 
9,443

 
8,350

Total noninterest expense
 
74,368

 
86,595

Income before taxes
 
55,003

 
48,257

Income tax expense
 
10,836

 
11,126

Net income
 
$
44,167

 
$
37,131

Basic earnings per share
 
$
1.03

 
$
0.85

Diluted earnings per share
 
$
1.03

 
$
0.85

See Notes to Consolidated Financial Statements

2





Table of Contents

Independent Bank Group, Inc. and Subsidiaries
Consolidated Statements of Comprehensive Income
Three Months Ended March 31, 2020 and 2019 (unaudited)
(Dollars in thousands)
   
 
Three Months Ended March 31,
   
 
2020
 
2019
Net income
 
$
44,167

 
$
37,131

Other comprehensive income before tax:
 
   

 
 
Change in net unrealized gains on available for sale securities during the year
 
14,976

 
15,151

Reclassification for amount realized through sales of securities available for sale included in net income
 
(356
)
 
(245
)
Other comprehensive income before tax
 
14,620

 
14,906

Income tax expense
 
3,258

 
3,130

Other comprehensive income, net of tax
 
11,362

 
11,776

Comprehensive income
 
$
55,529

 
$
48,907

See Notes to Consolidated Financial Statements
   

3






Independent Bank Group, Inc. and Subsidiaries
Consolidated Statements of Changes in Stockholders’ Equity
Three Months Ended March 31, 2020 and 2019 (unaudited)
(Dollars in thousands, except for par value, share and per share information)

   
Preferred Stock
$.01 Par Value
10 million shares authorized
 
Common Stock
$.01 Par Value
100 million shares authorized
 
Additional
Paid in Capital
 
Retained
Earnings
 
Accumulated Other Comprehensive Income (Loss)
 
Total
   
 
Shares
 
Amount
 
Balance, December 31, 2019
$

 
42,950,228

 
$
430

 
$
1,926,359

 
$
393,674

 
$
19,310

 
$
2,339,773

Net income

 

 

 

 
44,167

 

 
44,167

Other comprehensive income, net of tax

 

 

 

 

 
11,362

 
11,362

Common stock repurchased

 
(2,629
)
 

 

 
(145
)
 

 
(145
)
Restricted stock granted

 
94,177

 

 

 

 

 

Stock based compensation expense

 

 

 
1,882

 

 

 
1,882

Cash dividends ($0.25 per share)

 

 

 

 
(10,754
)
 

 
(10,754
)
Balance, March 31, 2020
$

 
43,041,776

 
$
430

 
$
1,928,241

 
$
426,942

 
$
30,672

 
$
2,386,285

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2018
$

 
30,600,582

 
$
306

 
$
1,317,616

 
$
296,816

 
$
(8,305
)
 
$
1,606,433

Cumulative effect of change in accounting principle

 

 

 

 
(926
)
 

 
(926
)
Net income

 

 

 

 
37,131

 

 
37,131

Other comprehensive income, net of tax

 

 

 

 

 
11,776

 
11,776

Stock issued for acquisition of bank, net of offering costs of $804

 
13,179,748

 
132

 
600,936

 

 

 
601,068

Common stock repurchased

 
(225,903
)
 
(2
)
 

 
(12,505
)
 

 
(12,507
)
Restricted stock forfeited

 
(385
)
 

 

 

 

 

Restricted stock granted

 
111,751

 
1

 
(1
)
 

 

 

Stock based compensation expense

 

 

 
2,172

 

 

 
2,172

Cash dividends ($0.25 per share)

 

 

 

 
(10,945
)
 

 
(10,945
)
Balance, March 31, 2019
$

 
43,665,793

 
$
437

 
$
1,920,723

 
$
309,571

 
$
3,471

 
$
2,234,202

See Notes to Consolidated Financial Statements 

4




 

Independent Bank Group, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
Three Months Ended March 31, 2020 and 2019 (unaudited)
(Dollars in thousands) 

   
 
Three Months Ended March 31,
   
 
2020
 
2019
Cash flows from operating activities:
 
   
 
   
Net income
 
$
44,167

 
$
37,131

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
Depreciation expense
 
3,154

 
2,694

Accretion of income recognized on acquired loans
 
(9,142
)
 
(9,086
)
Amortization of other intangibles assets
 
3,176

 
3,235

Amortization of premium on securities, net
 
619

 
800

Amortization of discount and origination costs on borrowings
 
159

 
159

Stock based compensation expense
 
1,882

 
2,172

Excess tax expense (benefit) on restricted stock vested
 
80

 
(20
)
FHLB stock dividends
 
(168
)
 
(191
)
Gain on sale of securities available for sale
 
(356
)
 
(245
)
Loss (gain) on sale and disposal of premises and equipment
 
63

 
(9
)
Loss on sale of loans
 
42

 

Gain on sale of other real estate owned
 
(25
)
 

Impairment of other real estate
 

 
436

Deferred tax expense
 
2,471

 
6,618

Provision for loan losses
 
8,381

 
3,224

Increase in cash surrender value of BOLI
 
(1,341
)
 
(1,359
)
Net gain on mortgage loans held for sale
 
(3,916
)
 
(2,799
)
Originations of loans held for sale
 
(107,580
)
 
(74,640
)
Proceeds from sale of loans held for sale
 
107,714

 
87,568

Net change in other assets
 
(10,935
)
 
(1,680
)
Net change in other liabilities
 
1,980

 
(16,402
)
Net cash provided by operating activities
 
40,425

 
37,606

Cash flows from investing activities:
 
   
 
   
Proceeds from maturities, calls and pay downs of securities available for sale
 
1,528,836

 
1,128,949

Proceeds from sale of securities available for sale
 
13,100

 
185,508

Purchases of securities available for sale
 
(1,530,779
)
 
(1,129,986
)
Purchases of FHLB stock and other restricted stock
 
(25,211
)
 
(2,606
)
Proceeds from redemptions of FHLB stock and other restricted stock
 
106

 
26,000

Proceeds from sale of loans
 
1,455

 

Net loans originated held for investment
 
(89,252
)
 
(180,233
)
Originations of mortgage warehouse purchase loans
 
(4,523,819
)
 
(1,579,008
)
Proceeds from pay-offs of mortgage warehouse purchase loans
 
4,414,527

 
1,498,040

Additions to premises and equipment
 
(5,948
)
 
(11,601
)
Proceeds from sale of premises and equipment
 
66

 
9

Proceeds from sale of other real estate owned
 
4,200

 

Cash acquired in connection with acquisition
 

 
39,913

Cash paid in connection with acquisition
 

 
(9
)
Net cash used in investing activities
 
(212,719
)
 
(25,024
)

5




 

Independent Bank Group, Inc. and Subsidiaries
Consolidated Statements of Cash Flows (Continued)
Three Months Ended March 31, 2020 and 2019 (unaudited)
(Dollars in thousands) 

   
 
Three Months Ended March 31,
   
 
2020
 
2019
Cash flows from financing activities:
 
   

 
   

Net (decrease) increase in demand deposits, money market and savings accounts
 
(9,596
)
 
274,844

Net (decrease) increase in time deposits
 
(48,974
)
 
109,503

Proceeds from FHLB advances
 
1,100,000

 
700,000

Repayments of FHLB advances
 
(450,000
)
 
(792,653
)
Proceeds from other borrowings
 

 
21,000

Repayments of other borrowings
 
(24,500
)
 

Repurchase of common stock
 
(145
)