Hilltop (HTH) 10-K 24 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 24, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	Hilltop Holdings Inc.
Entity Central Index Key	1,265,131
Trading Symbol	hth
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,860
Entity Common Stock, Shares Outstanding		98,085,931

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 652,036	$ 782,473
Federal funds sold	17,409	30,602
Securities purchased under agreements to resell	105,660
Assets segregated for regulatory purposes	158,613	76,013
Securities:
Trading, at fair value	214,146	65,717
Available for sale, at fair value (amortized cost of $670,003 and $924,755 respectively)	673,706	925,535
Held to maturity, at amortized cost (fair value of $331,468 and $118,345, respectively)	332,022	118,209
Total securities	1,219,874	1,109,461
Loans held for sale	1,533,678	1,309,693
Non-covered loans, net of unearned income	5,220,040	3,920,476
Allowance for non-covered loan losses	(45,415)	(37,041)
Non-covered loans, net	5,174,625	3,883,435
Covered loans, net of allowance of $1,532 and $4,611, respectively	378,762	638,029
Broker-dealer and clearing organization receivables	1,362,499	167,884
Premises and equipment, net	200,618	206,991
FDIC indemnification asset	91,648	130,437
Covered other real estate owned	99,090	136,945
Other assets	565,813	458,862
Goodwill	251,808	251,808
Other intangible assets, net	54,868	59,783
Total assets	11,867,001	9,242,416
Deposits:
Noninterest-bearing	2,235,436	2,076,385
Interest-bearing	4,717,247	4,293,507
Total deposits	6,952,683	6,369,892
Broker-dealer and clearing organization payables	1,338,305	179,042
Short-term borrowings	947,373	762,696
Securities sold, not yet purchased, at fair value	130,044	48
Notes payable	238,716	56,684
Junior subordinated debentures	67,012	67,012
Other liabilities	454,743	345,803
Total liabilities	$ 10,128,876	$ 7,781,177
Commitments and contingencies (see Notes 18 and 19)
Hilltop stockholders' equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; Series B, liquidation value per share of $1,000; 114,068 shares issued and outstanding at December 31, 2014		$ 114,068
Common stock, $0.01 par value, 125,000,000 shares authorized; 98,896,184 and 90,181,888 shares issued and outstanding, respectively	$ 989	902
Additional paid-in capital	1,577,270	1,390,788
Accumulated other comprehensive income	2,629	651
Retained earnings (accumulated deficit)	155,475	(45,957)
Deferred compensation employee stock trust, net	1,034
Employee stock trust (22,196 shares, at cost)	(443)
Total Hilltop stockholders' equity	1,736,954	1,460,452
Noncontrolling interests	1,171	787
Total stockholders' equity	1,738,125	1,461,239
Total liabilities and stockholders' equity	$ 11,867,001	$ 9,242,416

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available for sale, amortized cost (in dollars)	$ 670,003	$ 924,755
Held to maturity, fair value	331,468	118,345
Covered loans, allowance	$ 1,532	$ 4,611
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	98,896,184	90,181,888
Common stock, shares outstanding	98,896,184	90,181,888
Employee stock trust, shares	22,196
Series B Preferred Stock
Preferred stock, par value (in dollars per share)		$ 0.01
Preferred stock, shares authorized		10,000,000
Preferred stock, liquidation value per share (in dollars per share)		$ 1,000
Preferred stock, shares issued		114,068
Preferred stock, shares outstanding		114,068

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income:
Loans, including fees	$ 390,359	$ 341,458	$ 284,782
Securities borrowed	41,051	7,257	5,901
Securities:
Taxable	26,584	29,206	27,078
Tax-exempt	6,628	4,681	4,775
Other	5,216	6,167	6,539
Total interest income	469,838	388,769	329,075
Interest expense:
Deposits	15,523	15,742	14,877
Securities loaned	29,893	3,981	2,501
Short-term borrowings	4,574	2,214	1,826
Notes payable	8,143	2,532	10,512
Junior subordinated debentures	2,401	2,360	2,409
Other	721	799	749
Total interest expense	61,255	27,628	32,874
Net interest income	408,583	361,141	296,201
Provision for loan losses	12,715	16,933	37,158
Net interest income after provision for loan losses	395,868	344,208	259,043
Noninterest income:
Net realized gains on securities	4,403		4,937
Net gains from sale of loans and other mortgage production income	519,103	390,361	457,531
Mortgage loan origination fees	77,708	63,011	79,736
Net insurance premiums earned	162,082	164,524	157,533
Securities commissions and fee	160,660	27,321	29,370
Investment and securities advisory fees and commissions	115,932	74,553	63,723
Bargain purchase gain	81,289		12,585
Other	106,465	79,541	44,670
Total noninterest income	1,227,642	799,311	850,085
Noninterest expense:
Employees' compensation and benefits	765,887	490,706	480,496
Loss and loss adjustment expenses	99,066	94,429	110,755
Policy acquisition and other underwriting expenses	47,126	46,942	46,289
Occupancy and equipment, net	119,653	101,697	86,248
Other	308,284	231,579	187,947
Total noninterest expense	1,340,016	965,353	911,735
Income before income taxes	283,494	178,166	197,393
Income tax expense	70,915	65,608	70,684
Net income	212,579	112,558	126,709
Less: Net income attributable to noncontrolling interest	1,606	908	1,367
Income attributable to Hilltop	210,973	111,650	125,342
Dividends on preferred stock	1,854	5,703	4,327
Income applicable to Hilltop common stockholders	$ 209,119	$ 105,947	$ 121,015
Earnings per common share:
Basic (in dollars per share)	$ 2.10	$ 1.18	$ 1.43
Diluted (in dollars per share)	$ 2.09	$ 1.17	$ 1.40
Weighted average share information:
Basic (in shares)	99,074	89,710	84,382
Diluted (in shares)	99,962	90,573	90,331

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 212,579	$ 112,558	$ 126,709
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for sale, net of tax of $2,761, $22,268 and $(21,972), respectively	4,792	40,090	(39,709)
Reclassification adjustment for gains included in net income, net of tax of $(1,589), $(2,582) and $(1,793), respectively	(2,814)	(4,576)	(3,248)
Comprehensive income	214,557	148,072	83,752
Less: comprehensive income attributable to noncontrolling interest	1,606	908	1,367
Comprehensive income applicable to Hilltop	$ 212,951	$ 147,164	$ 82,385

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net unrealized gains on securities available for sale and other, tax	$ 2,761	$ 22,268	$ (21,972)
Other comprehensive income reclassification adjustment, tax	$ (1,589)	$ (2,582)	$ (1,793)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Parent	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit).	Deferred Compensation Employee Stock Trust, Net	Employee Stock Trust	Noncontrolling Interest	Total
Balance at Dec. 31, 2012	$ 1,144,496	$ 114,068	$ 835	$ 1,304,448	$ 8,094	$ (282,949)			$ 2,054	$ 1,146,550
Balance (in shares) at Dec. 31, 2012		114,000	83,487,000
Increase (Decrease) in Stockholders' Equity
Net income	125,342					125,342			1,367	126,709
Other comprehensive income (loss)	(42,957)				(42,957)					(42,957)
Issuance of common stock	86,767		$ 62	86,705						86,767
Issuance of common stock (in shares)			6,208,000
Stock-based compensation expense	1,671			1,671						1,671
Common stock issued to board members	149			149						149
Common stock issued to board members (in shares)			10,000
Issuance of common stock related to share-based awards, net			$ 5	(5)
Issuance of common stock related to share-based awards (in shares)			471,000
Dividends on preferred stock	(4,327)			(4,327)						(4,327)
Net cash distributed to noncontrolling interest									(2,640)	(2,640)
Balance at Dec. 31, 2013	1,311,141	$ 114,068	$ 902	1,388,641	(34,863)	(157,607)			781	1,311,922
Balance (in shares) at Dec. 31, 2013		114,000	90,176,000
Increase (Decrease) in Stockholders' Equity
Net income	111,650					111,650			908	112,558
Other comprehensive income (loss)	35,514				35,514					35,514
Issuance of common stock	3,001			3,001						3,001
Stock-based compensation expense	4,653			4,653						4,653
Common stock issued to board members	208			208						208
Common stock issued to board members (in shares)			9,000
Issuance of common stock related to share-based awards, net	(12)			(12)						(12)
Issuance of common stock related to share-based awards (in shares)			(3,000)
Dividends on preferred stock	(5,703)			(5,703)						(5,703)
Net cash distributed to noncontrolling interest									(902)	(902)
Balance at Dec. 31, 2014	1,460,452	$ 114,068	$ 902	1,390,788	651	(45,957)			787	1,461,239
Balance (in shares) at Dec. 31, 2014		114,000	90,182,000
Increase (Decrease) in Stockholders' Equity
Net income	210,973					210,973			1,606	212,579
Other comprehensive income (loss)	1,978				1,978					1,978
Issuance of common stock	200,033		$ 101	199,932						200,033
Issuance of common stock (in shares)			10,113,000
Stock-based compensation expense	8,250			8,250						8,250
Common stock issued to board members	281			281						281
Common stock issued to board members (in shares)			14,000
Issuance of common stock related to share-based awards, net	346			346						346
Issuance of common stock related to share-based awards (in shares)			(22,000)
Dividends on preferred stock	(1,854)					(1,854)				(1,854)
Redemption of preferred stock	(114,068)	$ (114,068)								(114,068)
Redemption of preferred stock (in shares)		(114,000)
Repurchase of common stock	(30,028)		$ (14)	(22,327)		(7,687)				$ (30,028)
Repurchase of common stock (in shares)			(1,391,000)							(1,390,977)
Deferred compensation plan	591						$ 1,034	$ (443)		$ 591
Deferred compensation plan (in shares)								22,000
Net cash distributed to noncontrolling interest									(1,222)	(1,222)
Balance at Dec. 31, 2015	$ 1,736,954		$ 989	$ 1,577,270	$ 2,629	$ 155,475	$ 1,034	$ (443)	$ 1,171	$ 1,738,125
Balance (in shares) at Dec. 31, 2015			98,896,000					22,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income	$ 212,579	$ 112,558	$ 126,709
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	12,715	16,933	37,158
Depreciation, amortization and accretion, net	(83,360)	(83,279)	(53,794)
Net realized gains on securities	(4,403)		(4,937)
Bargain purchase gain	(81,289)		(12,585)
Net gain on investment in SWS common stock		(5,985)
Deferred income taxes	17,376	(22,782)	15,829
Other, net	7,995	19,000	6,249
Net change in securities purchased under agreements to resell	(60,919)
Net change in assets segregated for regulatory purposes	99,010	(76,011)	18,998
Net change in trading securities	117,639	(6,871)	31,267
Net change in broker-dealer and clearing organization receivables	71,992	(145,283)	21,219
Net change in FDIC Indemnification Asset	39,936	61,299	(912)
Net change in other assets	(57,790)	(21,455)	(10,621)
Net change in broker-dealer and clearing organization payables	(54,048)	214,755	(55,247)
Net change in other liabilities	25,099	59,331	(35,260)
Net gains from sales of loans	(519,103)	(390,361)	(457,531)
Loans originated for sale	(13,871,473)	(10,839,905)	(11,752,800)
Proceeds from loans sold	14,163,781	11,016,636	12,522,963
Net cash provided by (used in) operating activities	35,737	(91,420)	396,705
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	88,070	5,203
Proceeds from sales, maturities and principal reductions of securities available for sale	673,950	315,166	381,890
Purchases of securities held to maturity	(230,404)	(123,520)
Purchases of securities available for sale	(48,121)	(49,156)	(372,998)
Net change in loans	(150,605)	103,031	(140,437)
Purchases of premises and equipment and other assets	(31,270)	(43,186)	(33,066)
Proceeds from sales of premises and equipment and other real estate owned	110,922	69,400	21,233
Proceeds from redemption of bank owned life insurance	822
Net cash paid or Federal Home Loan Bank and Federal Reserve Bank stock	(12,172)	(17,114)	4,600
Net cash from acquisition	41,097		362,695
Net cash provided by investing activities	442,289	259,824	223,917
Financing Activities
Net change in deposits	(601,386)	(518,417)	(210,491)
Net change in short-term borrowings	20,437	420,609	(386,163)
Proceeds from notes payable	150,078	3,000	2,000
Payments on notes payable	(42,571)	(2,643)	(3,262)
Redemption of preferred stock	(114,068)
Payments to repurchase common stock	(30,028)
Dividends paid on preferred stock	(3,539)	(5,619)	(2,985)
Net cash distributed to noncontrolling interest	(1,222)	(902)	(2,640)
Other, net	643	2,620	2,482
Net cash used in financing activities	(621,656)	(101,352)	(601,059)
Net change in cash and cash equivalents	(143,630)	67,052	19,563
Cash and cash equivalents, beginning of period	813,075	746,023	726,460
Cash and cash equivalents, end of period	669,445	813,075	746,023
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	59,700	28,846	31,805
Cash paid for income taxes, net of refunds	112,459	26,859	73,802
Supplemental Schedule of Non-Cash Activities
Conversion of available for sale investment to SWS common stock		71,502
Redemption of senior exchangeable notes for common stock			83,950
Conversion of loans to other real estate owned	$ 57,838	$ 67,542	$ 25,639
Common stock issued at acquisition	200,626

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting and Reporting Policies
Summary of Significant Accounting and Reporting Policies	1. Summary of Significant Accounting and Reporting Policies Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the “Bank”). In addition, the Company provides an array of financial products and services through its broker-dealer, mortgage origination and insurance subsidiaries. The Company provides its products and services through three primary operating subsidiaries, PlainsCapital Corporation (“PlainsCapital”), Hilltop Securities Holdings LLC (“Securities Holdings”) and National Lloyds Corporation (“NLC”). PlainsCapital is a financial holding company, headquartered in Dallas, Texas, that provides, through its subsidiaries, traditional banking and wealth , investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company, headquartered in Dallas, Texas, that provides, through its subsidiaries, investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services throughout the United States. NLC is a property and casualty insurance holding company, headquartered in Waco, Texas, that provides, through its subsidiaries, fire and homeowners insurance to low value dwellings and manufactured homes primarily in Texas and other areas of the southern United States. On January 1, 2015, Hilltop completed its acquisition of SWS Group, Inc. (“SWS”) in a stock and cash transaction (the "SWS Merger"), whereby SWS’s broker-dealer subsidiaries, Southwest Securities, Inc. and SWS Financial Services, Inc., became subsidiaries of Securities Holdings, and SWS’s banking subsidiary, Southwest Securities, FSB (“SWS FSB”), was merged into the Bank. As a result of the SWS Merger, each outstanding share of SWS common stock was converted into the right to receive 0.2496 shares of Hilltop common stock and $1.94 in cash, equating to $6.92 per share based on Hilltop’s closing price on December 31, 2014 and resulting in an aggregate purchase price of $349.1 million, consisting of 10.1 million shares of common stock, $78.2 million in cash and $70.3 million associated with Hilltop’s existing investment in SWS common stock. On October 5, 2015, Southwest Securities, Inc. and SWS Financial Services, Inc. were renamed “Hilltop Securities Inc.” (“Hilltop Securities”) and “Hilltop Securities Independent Network Inc.” (“HTS Independent Network”), respectively. Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for loan losses, the fair values of financial instruments, the amounts receivable from the Federal Deposit Insurance Corporation (the “FDIC”) under the loss-share agreements (“FDIC Indemnification Asset”), reserves for losses and loss adjustment expenses (“LAE”) , the mortgage loan indemnification liability, and the potential impairment of assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Hilltop owns 100% of the outstanding stock of PlainsCapital. PlainsCapital owns 100% of the outstanding stock of the Bank and 100% of the membership interest in PlainsCapital Equity, LLC. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”) and has a 100% membership interest in PlainsCapital Securities, LLC. PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC, the controlling and sole managing member of PrimeLending Ventures, LLC (“Ventures”). PlainsCapital also owns 100% of the outstanding common securities of PCC Statutory Trusts I, II, III and IV (the “Trusts”), which are not included in the consolidated financial statements under the requirements of the Variable Interest Entities Subsections of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), because the primary beneficiaries of the Trusts are not within the consolidated group. Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly-owned subsidiaries, First Southwest Holdings, LLC (“First Southwest”), Hilltop Securities and HTS Independent Network. The principal subsidiaries of First Southwest as of December 31, 2015 were First Southwest Company, LLC (“FSC”), a broker-dealer registered with the SEC and the Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”), and First Southwest Asset Management, LLC, a registered investment advisor under the Investment Advisors Act of 1940. Hilltop Securities is a broker-dealer registered with the SEC and FINRA and a member of the NYSE, and HTS Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop also owns 100% of NLC, which operates through its wholly owned subsidiaries, National Lloyds Insurance Company (“NLIC”) and American Summit Insurance Company (“ASIC”). The consolidated financial statements include the accounts of the above-named entities. I ntercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. The operations acquired in the SWS Merger were included in the Company’s operating results beginning January 1, 2015 and such operations included a preliminary bargain purchase gain of $82.8 million as disclosed in the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 6, 2015. In accordance with the Business Combinations Topic of the ASC, during the quarter ended June 30, 2015, the estimated fair value of the customer relationship intangible asset acquired as of January 1, 2015 was adjusted downward as a result of management’s review and approval of certain key assumptions that existed as of January 1, 2015. Additionally, during the quarter ended September 30, 2015, the estimated fair value of deferred tax assets acquired as of January 1, 2015 was adjusted upward as a result of management’s review and filing of SWS’s consolidated federal tax return for the year ended December 31, 2014. Th ese changes are reflected in the consolidated statements of operations within noninterest income during the nine months ended September 30, 2015 . In the aggregate, the se adjustments to the preliminary bargain purchase gain decreased net income for the three months ended March 31, 2015 by $1.5 million as compared with amounts previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. Additionally, certain amounts previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 within the consolidated balance sheet as of March 31, 2015, and the related statements of comprehensive income, stockholders’ equity and cash flows for the three months ended March 31, 2015, as well as the notes to the consolidated financial statements, will be revised in future filings. Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation. Acquisition Accounting Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a “bargain purchase gain” is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized. Securities Purchased Under Agreements to Resell Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts. Securities Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Transfers between categories from these reassessments are rare. Securities held for resale to facilitate principal transactions with customers are classified as trading, and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Hilltop reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. Securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, resultant prepayment risk, and other factors related to interest rate and resultant prepayment risk changes. Securities available for sale are carried at fair value. Unrealized holding gains and losses on securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and consider any optionality that may be embedded in the security. Purchases and sales (and related gain or loss) of securities are recorded on the trade date, based on specific identification. 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 to the extent the other-than-temporary impairment (“OTTI”) is related to credit losses. The amount of the OTTI related to other factors is recognized in other comprehensive income (loss). In estimating OTTI, management considers in developing its best estimate of cash flows, 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, (iii) the historic and implied volatility of the security, (iv) failure of the issuer to make scheduled interest payments and (v) changes to the rating of the security by a rating agency. Loans Held for Sale Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet for no more than 30 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, the majority with servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of t he Fair Value Option Subsections of the ASC ( the “Fair Value Option”) . Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In ad dition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject t o repurchase by PrimeLending. Such loans subject to repurchase no longer qualify for sale accounting and are reported as loans held for sale in the consolidated balance sheets. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for loan losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. Impaired loans include non-accrual loans, troubled debt restructurings, p urchased credit impaired (“PCI”) loans and partially charged-off loans. The accrual of interest on impaired loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection . When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. If the ultimate collectability of principal, wholly or partially, is in doubt, any payment received on a loan on which the accrual of interest has been suspended is applied to reduce principal to the extent necessary to eliminate such doubt. Once the collection of the remaining recorded loan balance is fully expected, interest income is recognized on a cash basis. The Bank originates loans to customers primarily in Texas. Although the Bank has diversified loan and leasing portfolios and, generally, holds collateral against amounts advanced to customers, its debtors’ ability to honor their contracts is substantially dependent upon the general economic conditions of the region and of the industries in which its debtors operate, which consist primarily of agribusiness, construction , energy, real estate and wholesale/retail trade. PrimeLending originates mortgage loans to customers in its offices, which are located throughout the United States. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, the majority with servicing released, although PrimeLending does retain servicing in certain circumstances. FSC , Hilltop Sec urities and HTS Independent Network (collectively, the “Hilltop Broker-Dealers”) make loans to customers and correspondents through margin transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control or controlled risk by requiring customers to maintain margin collateral in compliance with various re gulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for margin loans are not included in the consolidated financial statements. Management has defined the loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for loan losses. Acquired loans were segregated between those considered to be credit impaired and those without credit impairment at acquisition. To make this determination, management considered such factors as past due status, nonaccrual status and credit risk ratings. The fair value of acquired performing loans was determined by discounting expected cash flows, both principal and interest, at prevailing market interest rates. The difference between the fair value and principal balances due at acquisition date, the fair value discount, is accreted into income over the estimated life of each loan. PCI loans acquired in the PlainsCapital Merger are accounted for on an individual loan basis, while PCI loans acquired in each of the FNB Transaction (defined hereinafter) and SWS Merger are accounted for in pools as well as on an individual loan basis. The Company has established under its PCI accounting policy a framework to aggregate certain acquired loans into various loan pools based on a minimum of two layers of common risk characteristics for the purpose of determining their respective fair values as of their acquisition dates, and for applying the subsequent recognition and measurement provisions for income accretion and impairment testing. The common risk characteristics used for the pooling of the First National Bank (“FNB”) and SWS PCI loans are risk grade and loan collateral type. PCI loans showed evidence of credit deterioration that makes it probable that all contractually required principal and interest payments will not be collected. Their fair value was initially based on an estimate of cash flows, both principal and interest, expected to be collected, discounted at prevailing market rates of interest. Management estimated cash flows using key assumptions such as default rates, loss severity rates assuming default, prepayment speeds and estimated collateral values. The excess of cash flows expected to be collected from a loan or pool over its estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the loan or pool. Subsequent to acquisition, management must update these estimates of cash flows expected to be collected at each reporting date. These updates require the continued use of key assumptions and estimates, similar to those used in the initial estimate of fair value. The Bank accretes the discount for PCI loans for which it can predict the timing and amount of cash flows. PCI loans for which a discount is accreted are considered performing. Allowance for Loan Losses The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses inherent in the existing portfolio of loans at the balance sheet date. The allowance for loan losses includes allowance allocations calculated in accordance with the Interagency Policy Statement on the Allowance for Loan and Lease Losses and the Receivables and Contingencies Topics of the ASC . T he level of the allowance reflects management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions, and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. While management utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Bank’s control, including the performance of the Bank’s loan portfolio, the economy and changes in interest rates. The Bank’s allowance for loan losses consists of three elements: (i) specific valuation allowances established for probable losses on impaired loans; (ii) general historical valuation allowances calculated based on historical loan loss experience for homogenous loans with similar collateral; and (iii) valuation allowances to adjust general reserves based on recent economic conditions and other qualitative risk factors both internal and external to the Bank. The Bank’s methodology regarding the calculation of the allowance for loan losses is discussed in more detail within Note 5 to the consolidated financial statements. Broker-Dealer and Clearing Organization Transactions Amounts recorded in broker-dealer and clearing organization receivables and payables include securities lending activities, as well as amounts related to securities transactions for either customers of the Hilltop Broker-Dealers or for the account of the Hilltop Broker-Dealers. Securities-borrowed and securities-loaned transactions are generally reported as collateralized financings. Securities-borrowed transactions require the Hilltop Broker-Dealers to deposit cash, letters of credit, or other collateral with the lender. With respect to securities loaned, the Hilltop Broker-Dealers receive collateral in the form of cash or other assets in an amount generally in excess of the market value of securities loaned. The Hilltop Broker-Dealers monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Interest income and interest expense associated with collateralized financings is included in the accompanying consolidated statements of operations. Insurance Premiums Receivable Insurance premiums receivable include premiums written and not yet collected. NLC routinely evaluates the receivable balance to determine if an allowance for uncollectible amounts is necessary. At December 31, 2015 and 2014 , NLC determined that no valuation allowance was necessary. Deferred Policy Acquisition Costs Costs of acquiring insurance vary with , and are primarily related to , the successful acquisition of new and renewal business, primarily consisting of commissions, premium taxes and underwriting expenses, and are deferred and amortized over the terms of the policies or reinsurance treaties to which they relate. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense in proportion to net revenue recognized. Future investment income is considered in determining the recoverability of deferred policy acquisition costs. NLC regularly reviews the categories of acquisition costs that are deferred and assesses the recoverability of this asset. A premium deficiency and a corresponding charge to income is recognized if the sum of the expected loss and LAE , unamortized policy acquisition costs, and maintenance costs exceed related unearned insurance premiums and anticipated investment income. At December 31, 2015 and 2014 , there was no premium deficiency. Reinsurance In the normal course of business, NLC seeks to reduce the loss that may arise from catastrophes or other events that could cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with other insurance enterprises or reinsurers. Amounts recoverable from reinsurers are estimated in a manner consistent with the reinsured policy. NLC routinely evaluates the receivable balance to determine if any uncollectible balances exist. Net insurance premiums earned, losses and LAE , and policy acquisition and other underwriting expenses are reported net of the amounts related to reinsurance ceded to other companies. Amounts recoverable from reinsurers related to the portions of the liability for losses and LAE and unearned insurance premiums ceded to them are included in other assets within the consolidated balance sheets. Reinsurance assumed from other companies, including assumed premiums written and earned, and losses and LAE, is accounted for in the same manner as direct insurance written. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization computed principally on the straight-line method over the estimated useful lives of the assets, which range betw een 3 and 40 years. G ains or losses on disposals of premises and equipment are included in results of operations. Other Real Estate Owned Real estate acquired through foreclosure (“OREO”) is included in other assets within the consolidated balance sheets and is carried at management’s estimate of fair value, less estimated cost to sell . Any excess of recorded investment over fair value, less cost to sell, is charged against either the allowance for loan losses or the related PCI pool discount when property is initially transferred to OREO. Subsequent to the initial transfer to OREO, downward valuation adjustments are charged against earnings . Valuation adjustments, revenue and expenses from operations of the properties and resulting gains or losses on sale are included in other noninterest expense within the consolidated statements of operations. Acquired OREO subject to FDIC loss-share agreements is referred to as “covered OREO” and reported separately in the consolidated balance sheets. Covered OREO is reported exclusive of expected reimbursement cash flows from the FDIC. Foreclosed covered loan collateral is transferred into covered OREO at the collateral’s fair value, less selling costs. Covered OREO was initially recorded at its estimated fair value based on similar market comparable valuations, less estimated selling costs. Subsequently, loan collateral transferred to OREO is recorded at its net realizable value. Any subsequent valuation adjustments due to declines in fair value of the covered OREO will be charged to noninterest expense, while a ny recoveries of previous valuation decreases will be credited to noninterest expense. FDIC Indemnification Asset The Company has elected to account for the FDIC Indemnification Asset in accordance with FASB ASC 805. The FDIC Indemnification Asset is initially recorded at fair value, based on the discounted value of expected future cash flows under the loss-share agreements. The difference between the present value and the undiscounted cash flows the Company expects to collect from the FDIC will be accreted into noninterest income within the consolidated statements of operations over the life of the FDIC Indemnification Asset. The FDIC Indemnification Asset is reviewed quarterly and the accretion rate is adjusted for changes in the timing of cash flows expected to be collected from the FDIC. Cumulative net losses over the life of the loss-share agreements of less than $240.4 million will reduce the value of the FDIC Indemnification Asset. Any amortization of changes in value of the FDIC Indemnification Asset is limited to the contractual term of the loss-share agreements. Increases and decreases to the FDIC Indemnification Asset are recorded as adjustments to noninterest income within the consolidated statements of operations over the life of the loss-share agreements. Debt Issuance Costs The Company capitalizes debt issuance costs associated with financing of debt. These costs are amortized using the effective interest method over the repayment term of the debt. Unamortized debt issuance costs are presented in the consolidated balance sheets as a reduction from the associated debt liability. Debt issuance costs of $0.4 million and $2.3 million during 2015 and 2013 were amortized and included in interest expense within the consolidated statements of operations. In April 2015, debt issuance costs of $1.9 million were capitalized in connection with Hilltop’s issuance of the 5% senior notes due 2025. In November 2013, the total remaining unamortized balance of $2.1 million related to the 7.5% Senior Exchangeable Notes due 2025 ( the “Exchangeable Notes”) was expensed as a result of the redemption of all outstanding Exchangeable Notes . Goodwill Goodwill, which represents the excess of cost over the fair value of the net assets acquired, is allocated to reporting units and tested for impairment annually, or whenever events or changes in circumstances indicate that the carrying amount should be assessed. The Company performs required annual impairment tests of its goodwill as of October 1 st for each of its reporting units , which is one level below an operating segment . Goodwill is assigned to reporting units at the date the goodwill is initially recorded. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or internally generated, are available to support the value of the goodwill. Prior to testing goodwill for impairment, the Company has the option to assess on a qualitative basis whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If determined, based on its assessment of qualitative factors that it is more likely than not that fair value of a reporting unit is less than its carrying amount, the Company will proceed to test goodwill for impairment as a part of a two-step process. The first step, used to identify potential impairment, involves comparing each reporting unit’s estimated fair value to its carrying value, including goodwill. If the carrying value exceeds the estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment. The second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. I f the carrying amount of a reporting unit exceeds the implied fair value of the goodwill, an impairment ch arge is recorded for the excess . The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill. Intangibles and Other Long-Lived Assets Intangible assets are acquired assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company’s intangible assets primarily consist of core deposits, trade names and customer relationships. Intangible assets with definite useful lives are generally amortized on the straight-line method over their estimated lives, although certain intangibles, including core deposits, and customer and agent relationships, are amortized on an accelerated basis. Amortization of intangible assets is recorded in other noninterest expense within the consolidated statements of operations. Intangible assets with indefinite useful lives are tested for impairment annually as of October 1 st , or more often if events or circumstances indicate there may be impairment, and not amortized until their lives are determined to be definite. Intangible assets with definite useful lives, premises and equipment, and other long-lived assets are tested for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. Mortgage Servicing Rights The Company determines its classes of residential mortgage servicing assets based on the asset type being serviced along with the methods used to manage the risk inherent in the servicing assets, which includes the market inputs used to value the servicing assets. The Company measures its servicing assets at fair value and reports changes in fair value through earnings. The retained mortgage servicing rights (“MSR”) asset is measured at fair value as of the date of sale of the related mortgage loan. Subsequent fair va lue measurements of the MSR asset are determined by valuing the projected net servicing cash flows, which are then discounted to estimate fair value using a discounted cash flow model. Assumptions used include market discount rates, a nticipated prepayment speeds, delinquency and foreclosure rates, and ancillary fee income. The model assumptions and the MSR asset f

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Acquisitions
Acquisitions	2. Acquisitions SWS Merger On January 1, 2015, Hilltop completed its acquisition of SWS in a stock and cash transaction as discussed in Note 1 to the consolidated financial statements. The operations acquired in the SWS Merger are included in the Company’s operating results beginning January 1, 2015. Such operating results include a bargain purchase gain of $81.3 million and are not necessarily indicative of future operating results. SWS’s results of operations prior to the acquisition date are not included in the Company’s consolidated operating results. The SWS Merger was accounted for using the acquisition method of accounting, and accordingly, purchased assets, including identifiable intangible assets, and assumed liabilities were recorded at their respective acquisition date fair values. The components of the consideration paid are shown in the following table (in thousands). Fair value of consideration paid: Common stock issued $ Cash Fair value of Hilltop’s existing investment in SWS Total consideration paid $ The resulting fair values of the identifiable assets acquired, and liabilities assumed, acquired in the SWS Merger at January 1, 2015 are summarized in the following table (in thousands). Cash and due from banks $ Federal funds sold and securities purchased under agreements to resell Assets segregated for regulatory purposes Securities Non-covered loans, net Broker-dealer and clearing organization receivables Other assets Total identifiable assets acquired Deposits Broker-dealer and clearing organization payables Short-term borrowings Securities sold, not yet purchased, at fair value Notes payable Other liabilities Total liabilities assumed Bargain purchase gain Less Hilltop existing investment in SWS Net identifiable assets acquired $ The bargain purchase gain represents the excess of the estimated fair value of the underlying net tangible assets and intangible assets over the merger consideration. The SWS Merger was a tax-free reorganization under Section 368(a) of the Internal Revenue Code, therefore no income taxes were recorded in connection with the bargain purchase gain. The Company used significant estimates and assumptions to value certain identifiable assets acquired and liabilities assumed. The bargain purchase gain was primarily driven by the Company’s ability to realize acquired deferred tax assets through its consolidated core earnings and the decline in the price of the Company’s common stock between the date the fixed conversion ratio was agreed upon and the closing date. Included within the fair value of other assets in the table above are identifiable intangible assets recorded in connection with the SWS Merger. The allocation to intangible assets is as follows (in thousands). Estimated Useful Gross Intangible Life (Years) Assets Customer relationships $ Core deposits $ In connection with the SWS Merger, Hilltop acquired loans both with and without evidence of credit quality deterioration since origination. The acquired loans were initially recorded at fair value with no carryover of any allowance for loan losses. Acquired loans were segregated between those considered to be PCI loans and those without credit impairment at acquisition. The following table presents details on acquired loans at the acquisition date (in thousands). Loans, excluding PCI Total PCI Loans Loans Loans Commercial and industrial (1) $ $ $ Real estate Construction and land development Consumer — Total $ $ $ (1) Acquired loans include margin loans to customers and correspondents of $269.4 million associated with acquired broker-dealer operations, none of which are PCI loans. The following table presents information about the PCI loans at acquisition (in thousands). Contractually required principal and interest payments $ Nonaccretable difference Cash flows expected to be collected Accretable difference Fair value of loans acquired with a deterioration of credit quality $ The following table presents information about the acquired loans without credit impairment at acquisition (in thousands). Contractually required principal and interest payments $ Contractual cash flows not expected to be collected Fair value at acquisition FNB Transaction On September 13, 2013 (the “Bank Closing Date”), the Bank assumed substantially all of the liabilities, including all of the deposits, and acquired substantially all of the assets of Edinburg, Texas-based FNB from the FDIC, as receiver, and reopened former FNB branches acquired from the FDIC under the “PlainsCapital Bank” name (the “FNB Transaction”). Pursuant to the Purchase and Assumption Agreement (the “P&A Agreement”), the Bank and the FDIC entered into loss-share agreements whereby the FDIC agreed to share in the losses of certain covered loans and covered OREO that the Bank acquired. On the Bank Closing Date, the Bank assumed substantially all of the liabilities, including all of the deposits, and acquired substantially all of the assets of FNB from the FDIC in an FDIC-assisted transaction. As part of the P&A Agreement, the Bank and the FDIC entered into loss-share agreements covering future losses incurred on certain acquired loans and OREO. The Company refers to acquired commercial and single family residential loan portfolios and OREO that are subject to the loss-share agreements as “covered loans” and “covered OREO”, respectively, and these assets are presented as separate line items in the Company’s consolidated balance sheets. Collectively, covered loans and covered OREO are referred to as “covered assets”. Pursuant to the loss-share agreements, the FDIC has agreed to reimburse the Bank the following amounts with respect to the covered assets: (i) 80% of losses on the first $240.4 million of losses incurred; (ii) 0% of losses in excess of $240.4 million up to and including $365.7 million of losses incurred; and (iii) 80% of losses in excess of $365.7 million of losses incurred. The Bank has also agreed to reimburse the FDIC for any subsequent recoveries. The loss-share agreements for commercial and single family residential loans are in effect for 5 years and 10 years, respectively, from the Bank Closing Date, and the loss recovery provisions to the FDIC are in effect for 8 years and 10 years, respectively, from the Bank Closing Date. The asset arising from the loss-share agreements, referred to as the “FDIC Indemnification Asset,” is measured separately from the covered loan portfolio because the agreements are not contractually embedded in the covered loans and are not transferable should the Bank choose to dispose of the covered loans. In accordance with the loss-share agreements, the Bank may be required to make a “true-up” payment to the FDIC approximately ten years following the Bank Closing Date if our actual net realized losses over the life of the loss-share agreements are less than the FDIC’s initial estimate of losses on covered assets. The “true-up” payment is calculated using a defined formula set forth in the P&A Agreement. The operations of FNB are included in the Company’s operating results beginning September 14, 2013. For the period from September 14, 2013 through December 31, 2013, FNB’s operations included net interest income of $32.0 million, other revenues of $20.4 million and net income of $18.5 million. Such operating results included a bargain purchase gain of $12.6 million, before taxes of $4.5 million, and are not necessarily indicative of future operating results. FNB’s results of operations prior to the Bank Closing Date are not included in the Company’s consolidated operating results. The FNB Transaction was accounted for using the acquisition method of accounting and, accordingly, purchased assets, including identifiable intangible assets and assumed liabilities, were recorded at their respective fair values as of the Bank Closing Date using significant estimates and assumptions to value certain identifiable assets acquired and liabilities assumed. The amounts are subject to adjustments based upon final settlement with the FDIC. The terms of the P&A Agreement provide for the FDIC to indemnify the Bank against claims with respect to liabilities and assets of FNB or any of its affiliates not assumed or otherwise purchased by the Bank and with respect to certain other claims by third parties. A summary of the net assets received from the FDIC in the FNB Transaction and the estimated fair value adjustments resulting in the bargain purchase gain are presented below (in thousands). Cost basis net assets on September 13, 2013 $ Cash payment received from the FDIC Fair value adjustments: Securities Loans Premises and equipment Other real estate owned FDIC indemnification asset Other intangible assets Deposits Other Bargain purchase gain $ In FDIC-assisted transactions, only certain assets and liabilities are transferred to the acquirer and, depending on the nature and amount of the acquirer’s bid, the FDIC may be required to make a cash payment to the acquirer or the acquirer may be required to make a payment to the FDIC. In the FNB Transaction, cost basis net assets of $215.0 million and an initial cash payment received from the FDIC of $45.0 million were transferred to the Bank. The bargain purchase gain represents the excess of the estimated fair value of the assets acquired over the estimated fair value of the liabilities assumed. The FDIC bid form provided a list of properties (branches and support facilities) owned by FNB for sale at fixed prices. The Bank purchased 44 properties owned by FNB in connection with its bid for an aggregate purchase price of $59.5 million. For those properties owned by FNB that the Bank declined to purchase in its bid, the Bank had exclusive options to purchase those properties following the Bank Closing Date. In connection with those options, the Bank purchased an additional seven properties owned by FNB during 2013, for an aggregate purchase price of $4.9 million. The Bank also had an option to assume the leases of properties leased by FNB. The Bank was required to purchase all data management equipment and, other certain special assets, furniture, fixtures and equipment, in each case at an appraised value for any properties purchased or leased by the Bank. The Bank paid $10.3 million to the FDIC during 2013 for furniture, fixtures and data management equipment. The Bank was required to pay rent to the FDIC on properties owned or leased by FNB and furniture and equipment at such properties until it surrendered such properties to the FDIC. The resulting fair values of the identifiable assets acquired, and liabilities assumed, of FNB at September 13, 2013 are summarized in the following table (in thousands). Cash and due from banks $ Securities Non-covered loans Covered loans Premises and equipment FDIC indemnification asset Covered other real estate owned Other assets Other intangible assets Total identifiable assets acquired Deposits Other liabilities Total liabilities assumed Net identifiable assets acquired/bargain purchase gain $ The Bank acquired loans both with and without evidence of credit quality deterioration since origination. Based on purchase date valuations, the Bank’s portfolio of acquired loans had a fair value of $1.2 billion as of the Bank Closing Date, with no carryover of any allowance for loan losses. Acquired loans were segregated between those considered to be PCI loans and those without credit impairment at acquisition. The following table presents details on acquired loans at the Bank Closing Date (in thousands). Loans, excluding PCI Total PCI Loans Loans Loans Commercial and industrial $ $ $ Real estate Construction and land development Consumer Total $ $ $ The following table presents information about the acquired PCI loans at the Bank Closing Date (in thousands). Contractually required principal and interest payments $ Nonaccretable difference Cash flows expected to be collected Accretable difference Fair value of loans acquired with a deterioration of credit quality $ The following table presents information about the acquired loans without credit impairment at the Bank Closing Date (in thousands). Contractually required principal and interest payments $ Contractual cash flows not expected to be collected Fair value at acquisition Unaudited Pro Forma Results of Operations The operations acquired in the FNB Transaction are included in the Company’s operating results beginning September 14, 2013. The purchase of assets and assumption of certain liabilities of FNB from the FDIC, as receiver, was sufficiently significant to require disclosure of historical financial statements and related pro forma financial disclosure. Due to the nature and magnitude of the FNB Transaction, coupled with the federal assistance and protection resulting from the FDIC loss-share agreements, historical financial information of FNB is not relevant to future operations. The Company has omitted certain historical financial information and the related pro forma financial information of FNB pursuant to the guidance provided in Staff Accounting Bulletin Topic 1.K, Financial Statements of Acquired Troubled Financial Institutions (“SAB 1:K”), and a request for relief granted by the SEC. SAB 1:K provides relief from the requirements of Rule 3-05 of Regulation S-X in certain instances, such as the FNB Transaction, where a registrant engages in an acquisition of a significant amount of assets of a troubled financial institution for which audited financial statements are not reasonably available and in which federal assistance is so pervasive as to substantially reduce the relevance of such information to an assessment of future operations. Therefore, no additional historical pro forma information regarding FNB is provided below. The results of operations acquired in the SWS Merger have been included in the Company’s consolidated financial results since January 1, 2015. The following table discloses the impact of the operations acquired in the SWS Merger on the Company’s results of operations. The table presents pro forma results had the SWS Merger taken place on January 1, 2014 and includes the estimated impact of purchase accounting adjustments (in thousands). The purchase accounting adjustments reflect the impact of recording the acquired loans at fair value, including the estimated accretion of the purchase discount on the loan portfolio. Accretion estimates were based on the acquisition date purchase discount on the loan portfolio, as it was not practicable to determine the amount of discount that would have been recorded based on economic conditions that existed on January 1, 2014. The pro forma results do not include any potential operating cost savings as a result of the SWS Merger. Further, certain costs associated with any integration activities are not reflected in the pro forma results. The pro forma results are not necessarily indicative of what would have occurred had the SWS Merger taken place on the indicated date. Year Ended December 31, 2014 Net interest income $ Other revenues Net income

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements
Fair Value Measurements	3. Fair Value Measurements Fair Value Measurements and Disclosures The Company determines fair values in compliance with The Fair Value Measurements and Disclosures Topic of the ASC (the “Fair Value Topic”). The Fair Value Topic defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. The Fair Value Topic 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. The Fair Value Topic assumes that transactions upon which fair value measurements are based occur in the principal market for the asset or liability being measured. Further, fair value measurements made under the Fair Value Topic exclude transaction costs and are not the result of forced transactions. The Fair Value Topic creates a fair value hierarchy that classifies fair value measurements based upon the inputs used in valuing the assets or liabilities that are the subject of fair value measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs, as indicated below. · Level 1 Inputs : Unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date. · Level 2 Inputs : Observable inputs other than Level 1 prices. Level 2 inputs 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 (such as interest rates, yield curves, prepayment speeds, default rates, credit risks and loss severities), and inputs that are derived from or corroborated by market data, among others. · Level 3 Inputs : Unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . Fair Value Option The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the MSR asset at fair value, under the provisions of the Fair Value Option. The Company elected to apply the provisions of the Fair Value Option to these items so that it would have the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. At December 31, 2015 and 2014 , the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $1.46 billion and $1.27 billion, respectively, and the unpaid principal balance of those loans was $1.41 billion and $1.22 billion, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. On October 2, 2014, Hilltop exercised its warrant to purchase 8,695,652 shares of SWS common stock at an exercise price of $5.75 per share (the “SWS Warrant”) and paid the aggregate exercise price by the automatic elimination of the $50.0 million aggregate principal amount note due to Hilltop under its credit agreement with SWS. Following the exercise of the SWS Warrant, Hilltop owned approximately 21% of the outstanding shares of SWS common stock as of October 2, 2014. Contemporaneous with the exercise of the SWS Warrant, Hilltop changed the accounting method for its investment in SWS common stock and elected to account for its investment in accordance with the provisions of the Fair Value Option as permitted by GAAP. Hilltop had previously accounted for its investment in SWS common stock as an available for sale security. Under the Fair Value Option, Hilltop’s investment in SWS common stock is recorded at fair value effective October 2, 2014, with changes in fair value being recorded in other noninterest income within the consolidated statements of operations rather than as a component of other comprehensive income. Hilltop’s election to apply the provisions of the Fair Value Option resulted in Hilltop recording those unrealized gains previously associated with its investment in SWS common stock of $7.2 million. For the period from October 3, 2014 through December 31, 2014, the change in fair value of Hilltop’s investment in SWS common stock resulted in a loss of $1.2 million. In the aggregate, Hilltop recorded a $6.0 million net gain in other noninterest income within the consolidated statement of operations during 2014. At December 31, 2014, the fair value of Hilltop’s investment in SWS common stock was $70.3 million and was included in other assets within the consolidated balance sheet. The Company holds a number of financial instruments that are measured at fair value on a recurring basis, either by the application of the Fair Value Option or other authoritative pronouncements. The fair values of those instruments are determined primarily using Level 2 inputs, as further described below. Trading Securities — Trading securities are reported at fair value primarily using either Level 1 or Level 2 inputs in the same manner as discussed below for available for sale securities. Trading securities include corporate debt securities that are valued using a discounted cash flow model with observable market data; however, due to the distressed nature of these bonds, the Company has determined that these securities should be valued as a Level 3 financial instrument. Available For Sale Securities — Most securities available for sale are reported at fair value using Level 2 inputs. The Company obtains fair value measurements from independent pricing services. As the Company is responsible for the determination of fair value, control processes are designed to ensure that the fair values received from independent pricing services are reasonable and the valuation techniques and assumptions used appear reasonable and consistent with prevailing market conditions. 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 prepayment speeds, credit information and the financial instruments’ terms and conditions, among other things. For public common and preferred equity stocks, the determination of fair value uses Level 1 inputs based on observable market transactions. Loans Held for Sale — Mortgage loans held for sale are reported at fair value, as discussed above, using Level 2 inputs that consist of commitments on hand from investors or prevailing market prices. These instruments are held for relatively short periods, typically no more than 30 days. As a result, changes in instrument-specific credit risk are not a significant component of the change in fair value. The fair value of certain loans held for sale that cannot be sold through normal sale channels or are non-performing is measured using Level 3, or unobservable, inputs. The fair value of such loans is generally based upon estimates of expected cash flows using unobservable inputs, including listing prices of comparable assets, uncorroborated expert opinions, and/or management’s knowledge of underlying collateral. Derivatives – Derivatives are reported at fair value using either Level 2 or Level 3 inputs. PrimeLending and the Hilltop Broker-Dealers use dealer quotes to value forward purchase commitments and forward sale commitments, respectively, executed for both hedging and non-hedging purposes. PrimeLending also issues IRLCs to its customers and the Hilltop Broker-Dealers issue forward purchase commitments to its clients that are valued based on the change in the fair value of the underlying mortgage loan from inception of the IRLC or purchase commitment to the balance sheet date, adjusted for projected loan closing rates. PrimeLending determines the value of the underlying mortgage loan as discussed in “Loans Held for Sale”, above. The Hilltop Broker-Dealers determine the value of the underlying mortgage loan from prices of comparable securities used to value forward sale commitments. Additionally, PrimeLending uses dealer quotes to value interest rate swaps and swaptions executed to hedge its MSR asset and First Southwest entered into a derivative option agreement (“Fee Award Option”) valued using discounted cash flow and probability of exercise. The Fee Award Option was exercised during the fourth quarter of 2014. MSR A sset – The MSR asset is reported at fair value using Level 3 inputs. Fair value is determined by projecting net servicing cash flows, which are then discounted to estimate the fair value. The fair value of the MSR asset is impacted by a variety of factors. Prepayment rates and discount rates, the most significant unobservable inputs, are discussed further in Note 10 to the consolidated financial statements. Securities S old, Not Yet Purchased – Securities sold, not yet purchased are reported at fair value primarily using either Level 1 or Level 2 inputs i n the same manner as discussed above for trading and available for sale securities . Investment in SWS Common Stock – The investment in SWS common stock wa s reported at fair value at December 31, 2014 using quoted market prices for SWS’s comm on stock as traded on the NYSE, a Level 1 input. This investment in SWS Common Stock was reflected in the aggregate purchase price associated with the SWS Merger and reclassified as an investment in subsidiaries , which is eliminated in consolidation. The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). Level 1 Level 2 Level 3 Total December 31, 2015 Inputs Inputs Inputs Fair Value Trading securities $ $ $ $ Available for sale securities — Loans held for sale — Derivative assets — — MSR asset — — Securities sold, not yet purchased — Derivative liabilities — — Level 1 Level 2 Level 3 Total December 31, 2014 Inputs Inputs Inputs Fair Value Trading securities $ $ $ — $ Available for sale securities — Loans held for sale — Derivative assets — — MSR asset — — Investment in SWS common stock — — Securities sold, not yet purchased — — Derivative liabilities — — The following table includes a rollforward for those financial instruments measured at fair value using Level 3 inputs (in thousands). Total Gains or Losses (Realized or Unrealized) Balance at Included in Other Beginning of Purchases/ Sales/ Transfers into Included in Comprehensive Balance at Year Additions Reductions Level 3 Net Income Income (Loss) End of Year Year ended December 31, 2015 Trading securities $ — $ $ $ — $ $ — $ Loans held for sale — — MSR asset — — — Total $ $ $ $ — $ $ — $ Year ended December 31, 2014 Available for sale securities $ $ — $ $ — $ $ $ — Loans held for sale — — MSR asset — — Derivative liabilities — — — Total $ $ $ $ — $ $ $ Year ended December 31, 2013 Available for sale securities $ $ — $ — $ — $ $ $ Loans held for sale — — — — — MSR asset — — — Derivative liabilities — — — — Total $ $ $ — $ $ $ $ All net realized and unrealized gains (losses) in the table above are reflected in the accompanying consolidated financial statements. The available for sale securities noted in the table above reflect Hilltop’s note receivable from SWS and the SWS Warrant, which, as previously discussed, Hilltop exercised in full on October 2, 2014. Excluding these available for sale securities and derivative liabilities representing the Fee Award Option entered into by First Southwest, the unrealized gains (losses) relate to financial instruments still held at December 31, 2015 . For Level 3 financial instruments measured at fair value on a recurring basis at December 31, 2015 , the significant unobservable inputs used in the fair value measurements were as follows. Range Financial instrument Valuation Technique Unobservable Input (Weighted-Average) Trading securities Discounted cash flow Discount rate 8 - 17 % ( 10 %) Loans held for sale Discounted cash flow / Market comparable Projected price 93 - 95 % ( 95 %) MSR asset Discounted cash flow Constant prepayment rate % Discount rate % The Company had no transfers between Levels 1 and 2 during the periods presented. The following table presents the changes in fair value for instruments that are reported at fair value under the Fair Value Option (in thousands). Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Other Total Other Total Other Total Net Noninterest Changes in Net Noninterest Changes in Net Noninterest Changes in Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Loans held for sale $ $ — $ $ $ — $ $ $ — $ Investment in SWS common stock — — — — — — — MSR asset — — — Time deposits — — — — — — — The Company also determines the fair value of certain assets and liabilities on a non-recurring basis. In particular, the fair value of all of the assets acquired and liabilities assumed in the PlainsCapital Merger and SWS Merger were determined at the respective acquisition date , while fair value of all assets acquired and liabilities assumed in the FNB Transaction was determined at the Bank Closing Date. In addition, facts and circumstances may dictate a fair value measurement when there is evidence of impairment. Assets and liabilities measured on a non-recurring basis include the items discussed below. Impaired Loans — The Company reports impaired loans based on the underlying fair value of the collateral through specific allowances within the allowance for loan losses. PCI loans with a fair value of $172.9 million, $822.8 million and $73.5 million were acquired by the Company upon completion of the PlainsCapital Merger, the FNB Transaction and the SWS Merger, respectively (collectively, the “Bank Transactions”). Substantially all PCI loans acquired in the FNB Transaction are covered by FDIC loss-share agreements. The fair value of PCI loans was determined using Level 3 inputs, including estimates of expected cash flows that incorporated significant unobservable inputs regarding default rates, loss severity rates assuming default, prepayment speeds on acquired loans accounted for in pools (“Pooled Loans”), and estimated collateral values. At December 31, 2015 , estimates for these significant unobservable inputs were as follows. PCI Loans PlainsCapital FNB SWS Merger Transaction Merger Weighted average default rate % % % Weighted average loss severity rate % % % Weighted average prepayment speed % % % At December 31, 2015 , the resulting weighted average expected loss on PCI loans associated with the PlainsCapital Merger, FNB Transaction and SWS Merger was 28% , 20% and 15% , respectively. The Company obtains updated appraisals of the fair value of collateral securing impaired collateral dependent loans at least annually, in accordance with regulatory guidelines. The Company also reviews the fair value of such collateral on a quarterly basis. If the quarterly review indicates that the fair value of the collateral may have deteriorated, the Company orders an updated appraisal of the fair value of the collateral. Because the Company obtains updated appraisals when evidence of a decline in the fair value of collateral exists, it typically does not adjust appraised values. Other Real Estate Owned — The Company determines fair value primarily using independent appraisals of OREO properties. The resulting fair value measurements are classified as Level 2 or Level 3 inputs, depending upon the extent to which unobservable inputs determine the fair value measurement. The Company considers a number of factors in determining the extent to which specific fair value measurements utilize unobservable inputs, including, but not limited to, the inherent subjectivity in appraisals, the length of time elapsed since the receipt of independent market price or appraised value, and current market conditions. At December 31, 2015 , the most significant unobservable input used in the determination of fair value of OREO was a discount to independent appraisals for estimated holding periods of OREO properties. Level 3 inputs were used to determine the initial fair value at acquisition of a large group of smaller balance properties that were acquired in the FNB Transaction. In the FNB Transaction, the Bank acquired OREO of $135.2 million, all of which is covered by FDIC loss-share agreements. At December 31, 2015 and 2014 , the estimated fair value of covered OREO was $99.1 million and $136.9 million, respectively, and the underlying fair value measurements utilize Level 2 and Level 3 inputs. The fair value of non-covered OREO at December 31, 2015 and 2014 was $0.4 million and $0.8 million, respectively, and is included in other assets within the consolidated balance sheets. Level 3 inputs were used to determine the initial fair value at acquisition of properties totaling $5.6 million that were acquired in the SWS Merger. During the reported periods, all fair value measurements for non-covered OREO subsequent to initial recognition utilized Level 2 inputs. The following table presents information regarding certain assets and liabilities measured at fair value on a non-recurring basis for which a change in fair value has been recorded during reporting periods subsequent to initial recognition (in thousands). Total Gains (Losses) for the Level 1 Level 2 Level 3 Total Year Ended December 31, December 31, 2015 Inputs Inputs Inputs Fair Value 2015 2014 2013 Non-covered impaired loans $ — $ — $ $ $ $ $ Covered impaired loans — — — Non-covered other real estate owned — — — — Covered other real estate owned — — — The Fair Value of Financial Instruments Subsection of the ASC requires disclosure of the fair value of financial assets and liabilities, including the financial assets and liabilities previously discussed. The methods for determining estimated fair value for financial assets and liabilities measured at fair value on a recurring or non-recurring basis are discussed above. For other financial assets and liabilities, the Company utilizes quoted market prices, if available, to estimate the fair value of financial instruments. Because no quoted market prices exist for a significant portion of the Company’s financial instruments, the fair value of such instruments has been derived based on management’s assumptions with respect to future economic conditions, the amount and timing of future cash flows, and estimated discount rates. Different assumptions could significantly affect these estimates. Accordingly, the estimates provided herein do not necessarily indicate amounts which could be realized in a current transaction. Further, as it is management’s intent to hold a significant portion of its financial instruments to maturity, it is not probable that the fair values shown below will be realized in a current transaction. Because of the wide range of permissible valuation techniques and the numerous estimates which must be made, it may be difficult to make reasonable comparisons of the Company’s fair value information to that of other financial institutions. The aggregate estimated fair value amount should in no way be construed as representative of the underlying value of Hilltop and its subsidiaries. The following methods and assumptions are typically used in estimating the fair value disclosures for financial instruments: Cash and Cash Equivalents – For cash and due from banks and federal funds sold, the carrying amount is a reasonable estimate of fair value. Securities Purchased Under Agreements to Resell – Securities purchased under agreements to resell are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The carrying amounts approximate fair value due to their short-term nature. Assets Segregated for Regulatory Purposes – Assets segregated for regulatory purposes may consist of cash and securities with carrying amounts that approximate fair value. Held to Maturity Securities – For securities held to maturity , estimated fair value equals quoted market price, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans Held for Sale – Loans held for sale consist primarily of certain mortgage loans held for sale that are subject to purchase by related parties. Such loans are reported at fair value, as discussed above, using Level 2 inputs that consist of commitments on hand from investors or prevailing market prices. Loans – The fair value of non-covered and covered loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Broker-Dealer and Clearing Organization Receivables – The carrying amount approximates their fair value. FDIC Indemnification Asset – The fair value of the FDIC Indemnification Asset is based on Level 3 inputs, including the discounted value of expected future cash flows under the loss-share agreements. The discount rate contemplates the credit worthiness of the FDIC as counterparty to this asset, and considers an incremental discount rate risk premium reflective of the inherent uncertainty associated with the timing of the cash flows. Deposits – The estimated fair value of demand deposits, savings accounts and NOW accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The carrying amount for variable-rate certificates of deposit approximates their fair values. Broker-Dealer and Clearing Organization Payables – The carrying amount approximates their fair value. Short-Term Borrowings – The carrying amounts of federal funds purchased, borrowings under repurchase agreements, Federal Home Loan Bank (“FHLB”) and other short-term borrowings approximate their fair values. Debt – The fair values are estimated using discounted cash flow analysis based on current incremental borrowing rates for similar types of borrowing arrangements. Other Assets and Liabilities – Other a ssets and liabilities primarily consists of cash surrender value of life insurance policies and accrued interest receivable and payable with carrying amounts that approximate their fair values using Level 2 inputs. The fair value of certain other receivables and investments is based on Level 3 inputs . The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2015 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ $ $ — $ — $ Securities purchased under agreements to resell — — Assets segregated for regulatory purposes — — Held to maturity securities — — Loans held for sale — — Non-covered loans, net — Covered loans, net — — Broker-dealer and clearing organization receivables — — FDIC indemnification asset — — Other assets — Financial liabilities: Deposits — — Broker-dealer and clearing organization payables — — Short-term borrowings — — Debt — — Other liabilities — — Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2014 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ $ $ — $ — $ Assets segregated for regulatory purposes — — Held to maturity securities — — Loans held for sale — — Non-covered loans, net — Covered loans, net — — Broker-dealer and clearing organization receivables — — FDIC indemnification asset — — Other assets — Financial liabilities: Deposits — — Broker-dealer and clearing organization payables — — Short-term borrowings — — Debt — — Other liabilities — —

Securities

Securities	12 Months Ended
	Dec. 31, 2015
Securities
Securities	4. Securities The fair value of trading securities are summarized as follows (in thousands). December 31, 2015 2014 U.S. Treasury securities $ $ — U.S. government agencies: Bonds — Residential mortgage-backed securities Commercial mortgage-backed securities Collateralized mortgage obligations — Corporate debt securities States and political subdivisions Unit investment trusts — Private-label securitized product — Other Totals $ $ The Hilltop Broker-Dealers enter into transactions that represent commitments to purchase and deliver securities at prevailing future market prices to facilitate customer transactions and satisfy such commitments. Accordingly, the Hilltop Broker-Dealers’ ultimate obligation may exceed the amount recognized in the financial statements. These securities, which are carried at fair value and reported as securities sold, not yet purchased in the consolidated balance sheet, had a value of $130.0 million at December 31, 2015 . The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). Available for Sale Gross Gross Amortized Unrealized Unrealized December 31, 2015 Cost Gains Losses Fair Value U.S. Treasury securities $ $ $ $ U.S. government agencies: Bonds Residential mortgage-backed securities Commercial mortgage-backed securities Collateralized mortgage obligations Corporate debt securities States and political subdivisions Commercial mortgage-backed securities — Equity securities Totals $ $ $ $ Available for Sale Amortized Unrealized Unrealized December 31, 2014 Cost Gains Losses Fair Value U.S. Treasury securities $ $ $ $ U.S. government agencies: Bonds Residential mortgage-backed securities — Commercial mortgage-backed securities — Collateralized mortgage obligations Corporate debt securities States and political subdivisions Commercial mortgage-backed securities — Equity securities — Totals $ $ $ $ Held to Maturity Amortized Unrealized Unrealized December 31, 2015 Cost Gains Losses Fair Value U.S. Treasury securities $ $ — $ $ U.S. government agencies: Bonds Residential mortgage-backed securities — Commercial mortgage-backed securities Collateralized mortgage obligations States and political subdivisions Totals $ $ $ $ Held to Maturity Amortized Unrealized Unrealized December 31, 2014 Cost Gains Losses Fair Value U.S. Treasury securities $ $ — $ $ U.S. government agencies: Residential mortgage-backed securities — Collateralized mortgage obligations — States and political subdivisions Totals $ $ $ $ Information regarding available for sale and held to maturities securities that were in an unrealized loss position is shown in the following table s (dollars in thousands). December 31, 2015 December 31, 2014 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Available for sale U.S. treasury securities: Unrealized loss for less than twelve months $ $ $ $ Unrealized loss for twelve months or longer — — — U.S. government agencies: Bonds: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Residential mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — Collateralized mortgage obligations: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Corporate debt securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer States and political subdivisions: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Equity securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — Total available for sale: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer $ $ $ $ December 31, 2015 December 31, 2014 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Held to Maturity U.S. treasury securities: Unrealized loss for less than twelve months $ $ $ $ Unrealized loss for twelve months or longer — — — — — — U.S. government agencies: Bonds: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — — — — Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — — — — Collateralized mortgage obligations: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — — — — States and political subdivisions: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — Total held to maturity: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — $ $ $ $ During 2015 , 2014 and 2013 , the Company did not record any OTTI. Factors considered in the Company’s analysis include the reasons for the unrealized loss position, the severity and duration of the unrealized loss position, credit worthiness, and forecasted performance of the investee. While some of the securities held in the investment portfolio have decreased in value since the date of acquisition, the severity of loss and the duration of the loss position are not believed to be significant enough to warrant OTTI of the securities. The Company does not intend, nor is it likely that the Company will be required, to sell these securities before the recovery of the cost basis. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. The amortized cost and fair value of securities, excluding trading and available for sale equity securities, at December 31, 2015 are shown by contractual maturity below (in thousands). Available for Sale Held to Maturity Amortized Amortized Cost Fair Value Cost Fair Value Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years Residential mortgage-backed securities Collateralized mortgage obligations Commercial mortgage-backed securities $ $ $ $ The Company realized net gain s of $13.1 million and $2.1 million during 2015 and 2014 , respectively , and a n et loss of $2.8 million from its trad ing securities portfolio during 2013 , which are recorded as a component of other noninterest income within the consolidated stateme nts of operations. Securities with a carrying amount of $789.9 million and $895.5 million (with a fair value of $790.2 million and $890.3 million, respectively) at December 31, 2015 and 2014 , were pledged to secure public and trust deposits, federal funds purchased and securities sold under agreements to repurchase, and for other purposes as required or permitted by law. Substantially all of these pledged securities were included in our available for sale and held to maturity securities portfolios at December 31, 2015 and 2014 . Mortgage-backed securities and collateralized mortgage obligations consist principally of GNMA, Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) pass-through and participation certificates. GNMA securities are guaranteed by the full faith and credit of the United States, while FNMA and FHLMC securities are fully guaranteed by those respective United States government-sponsored agencies, and conditionally guaranteed by the full faith and credit of the United States. At both December 31, 2015 and 2014 , NLC had investments on deposit in custody for various state insurance departments with carrying values of $9.2 million .

Non-Covered Loans and Allowance

Non-Covered Loans and Allowance for Non-Covered Loan Losses	12 Months Ended
	Dec. 31, 2015
Non-Covered Loans and Allowance for Non-Covered Loan Loss
Non-Covered Loans and Allowance for Non-Covered Loan Losses	5. Non-Covered Loans and Allowance for Non-Covered Loan Losses Non-covered loans refer to loans not covered by the FDIC loss-share agreements. Covered loans are discussed in Note 6 to the consolidated financial statements. Non-covered loans summarized by portfolio segment are as follows (in thousands). December 31, 2015 2014 Commercial and industrial (1) $ $ Real estate Construction and land development Consumer Allowance for non-covered loan losses Total non-covered loans, net of allowance $ $ (1) Includes margin loans to customers and correspondents of $602.8 million and $378.4 million at December 31, 2015 and 2014 , respectively. The Bank has lending policies in place with the goal of establishing an asset portfolio that will provide a return on stockholders’ equity sufficient to maintain capital to assets ratios that meet or exceed established regulations. Loans are underwritten with careful consideration of the borrower’s financial condition, the specific purpose of the loan, the primary sources of repayment and any collateral pledged to secure the loan. Underwriting procedures address financial components based on the size and complexity of the credit. The financial components include, but are not limited to, current and projected cash flows, shock analysis and/or stress testing, and trends in appropriate balance sheet and statement of operations ratios. The Bank’s loan policy provides specific underwriting guidelines by portfolio segment, including commercial and industrial, real estate, construction and land development, and consumer loans. The guidelines for each individual portfolio segment set forth permissible and impermissible loan types. With respect to each loan type, the guidelines within the Bank’s loan policy provide minimum requirements for the underwriting factors listed above. The Bank’s underwriting procedures also include an analysis of any collateral and guarantor. Collateral analysis includes a complete description of the collateral, as well as determined values, monitoring requirements, loan to value ratios, concentration risk, appraisal requirements and other information relevant to the collateral being pledged. Guarantor analysis includes liquidity and cash flow evaluation based on the significance with which the guarantors are expected to serve as secondary repayment sources. The Bank maintains a loan review department that reviews credit risk in response to both external and internal factors that potentially impact the performance of either individual loans or the overall loan portfolio. The loan review process reviews the creditworthiness of borrowers and determines compliance with the loan policy. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel. Results of these reviews are presented to management and the Bank’s board of directors. In connection with the Bank Transactions, the Company acquired non-covered loans both with and without evidence of credit quality deterioration since origination. The following table presents the carrying values and the outstanding balances of the non-covered PCI loans (in thousands). December 31, 2015 2014 Carrying amount $ $ Outstanding balance Changes in the accretable yield for the non-covered PCI loans were as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Additions — Reclassifications from (to) nonaccretable difference, net (1) Disposals of loans Accretion Balance, end of year $ $ $ (1) Reclassifications from nonaccretable difference are primarily due to net increases in expected cash flows in the quarterly recasts. Reclassifications to nonaccretable difference occur when accruing loans are moved to nonaccrual and expected cash flows are no longer predictable and the accretable yield is eliminated. The remaining nonaccretable difference for non-covered PCI loans was $28.5 million and $18.4 million at December 31, 2015 and 2014 , respectively. Impaired loans exhibit a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection. Non-covered impaired loans include non-accrual loans, troubled debt restructurings (“TDRs”), PCI loans and partially charged-off loans. The amounts shown in following tables include loans accounted for on an individual basis, as well as acquired Pooled Loans. For Pooled Loans, the recorded investment with allowance and the related allowance consider impairment measured at the pool level. Non-covered impaired loans are summarized by class in the following tables (in thousands). Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2015 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured — — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development Consumer $ $ $ $ $ Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2014 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — — — — Commercial construction loans and land development Consumer $ $ $ $ $ Average investment in non-covered impaired loans is summarized by class in the following table (in thousands). Year Ended December 31, 2015 2014 2013 Commercial and industrial: Secured $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development Consumer $ $ $ Non-covered non-accrual loans, excluding those classified as held for sale, are summarized by class in the following table (in thousands). December 31, December 31, 2015 2014 Commercial and industrial: Secured $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development Consumer — $ $ At December 31, 2015 and 2014 , non-covered non-accrual loans i ncluded non-covered PCI loans of $9.3 million and $6.6 million, respectively, for which discount accretion has been suspended because the extent and timing of cash flows from these non-covered PCI loans can no longer be reasonably estimated. In addition to the non-covered non-accrual loans in the table above, $1.6 million and $3.0 milli on of real estate loans secured by residential properties and classified as held for sale were in non-accrual status at December 31, 2015 and 2014 , respectively. Interest income, including recoveries and ca sh payments, recorded on non-covered impaired loans was $8.9 million, $3.3 million and $3.2 million during 2015 , 2014 a nd 2013 , respectively. Except as noted above, non-covered PCI loans are considered to be performing due to the application of the accretion method. The Bank classifies loan modifications as TDRs when it concludes that it has both granted a concession to a debtor and that the debtor is experiencing financial difficulties. Loan modifications are typically structured to create affordable payments for the debtor and can be achieved in a variety of ways. The Bank modifies loans by reducing interest rates and/or lengthening loan amortization schedules. The Bank also reconfigures a single loan into two or more loans (“A/B Note”). The typical A/B Note restructure results in a “bad” loan which is charged off and a “good” loan or loans the terms of which comply with the Bank’s customary underwriting policies. The debt charged off on the “bad” loan is not forgiven to the debtor. The outstanding balance of TDRs granted during 2015, 2014 and 2013 , respectively, is shown in the following tables (in thousands). At December 31, 2015 , the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs , compared with $0.5 million at December 31, 2014 . Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2015 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ — $ — $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2014 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — Consumer — — — — $ — $ — $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2013 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ — $ — $ $ The following table presents information regarding TDRs granted during the twelve months preceding December 31, 2015 for which a payment was at least 30 days past due in 2015 (dollars in thousands). There were no TDRs granted during the twelve months preceding December 31, 2014 for which a payment was at least 30 days past due in 2014 . Number of Recorded Loans Investment Commercial and industrial: Secured — $ — Unsecured — — Real estate: Secured by commercial properties Secured by residential properties — — Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — $ An analysis of the aging of the Bank’s non-covered loan portfolio is shown in the following tables (in thousands). Accruing Loans (Non-PCI) Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total Past Due December 31, 2015 30-59 Days 60-89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ $ $ $ $ $ $ Unsecured — — — Real estate: Secured by commercial properties — Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — — $ $ $ $ $ $ $ $ Accruing Loans (Non-PCI) Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total Past Due December 31, 2014 30-59 Days 60-89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ $ $ $ $ $ $ — Unsecured — — Real estate: Secured by commercial properties — — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — Consumer — — $ $ $ $ $ $ $ $ — In addition to the non-covered loans shown in the table above, $50.8 million and $19.2 million of loans included in loans held for sale (with an unpaid principal balance of $51.1 million and $19.2 million, respectively) were 90 days past due and accruing interest at December 31, 2015 and 2014 , respectively. T hese loans are guaranteed by U.S. government agencies and include loans that are subject to repurchase, or have been repurchased, by PrimeLending. Management tracks credit quality trends on a quarterly basis related to: (i) past due levels, (ii) non-performing asset levels, (iii) classified loan levels, (iv) net charge-offs, and (v) general economic conditions in the state and local markets. The Bank utilizes a risk grading matrix to assign a risk grade to each of the loans in its portfolio. A risk rating is assigned based on an assessment of the borrower’s management, collateral position, financial capacity, and economic factors. The general characteristics of the various risk grades are described below. Pass — “Pass” loans present a range of acceptable risks to the Bank. Loans that would be considered virtually risk-free are rated Pass — low risk. Loans that exhibit sound standards based on the grading factors above and present a reasonable risk to the Bank are rated Pass — normal risk. Loans that exhibit a minor weakness in one or more of the grading criteria but still present an acceptable risk to the Bank are rated Pass — high risk. Special Mention — “Special Mention” loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the loans and weaken the Bank’s credit position at some future date. Special Mention loans are not adversely classified and do not expose the Bank to sufficient risk to require adverse classification. Substandard — “Substandard” loans are inadequately protected by the current sound worth and paying capacity of the obligor or the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Many substandard loans are considered impaired. PCI — “PCI” loans exhibited evidence of credit deterioration at acquisition that made it probable that all contractually required principal payments would not be collected. The following tables present the internal risk grades of non-covered loans, as previously described, in the portfolio by class (in thousands). December 31, 2015 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — Real estate: Secured by commercial properties Secured by residential properties — Construction and land development: Residential construction loans — — Commercial construction loans and land development — Consumer $ $ $ $ $ December 31, 2014 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ $ $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — $ $ $ $ $ Allowance for Loan Losses It is management’s responsibility at the end of each quarter, or more frequently as deemed necessary, to a nalyze the level of the allowance for loan losses to ensure that it is appropriate for the estimated credit losses in the portfolio. Est imated credit losses are the probable current amount of loans that the Company will be unable to collect given facts and circumstances as of the evaluation date. When management determines that a loan or portion thereof is uncollectible, the loan, or portion thereof, is charged-off against the allowance for loan losses, or for acquired loans accounted for in pools, charged against the pool discount. Recoveries on charge-offs of loans acquired in the Bank Transactions that occurred prior to their acquisition represent contractual cash flows not expected to be collected and are recorded as accretion income. Recoveries on acquired loans charged-off subsequent to their acquisition are credited to the allowance for loan loss, except for recoveries on loans accounted for in pools, which are credited to the pool discount. The Company has developed a methodology that seeks to de termine an allowance within the scope of the Receivables and Contingencies Topics of the ASC. Each of the loans that has been determined to be impaired is within the scope of the Receivables Topic. Impaired loans that are equal to or greater than $0.5 million are individually evaluated using one of three impairment measurement methods as of the evaluation date: (1) the present value of expected future discounted cash flows on the loan, (2) the loan’s observable market price, or (3) the fair value of the collateral if the loan is collateral dependent. Specific reserves are provided in the estimate of the allowance based on the measurement of impairment under these three methods, except for collateral dependent loans, which require the fair value method. All non-impaired loans are within the scope of the Contingencies Topic. Estimates of loss for the Contingencies Topic are calculated based on historical loss, adjusted for qualitative or environmental factors. The Bank uses a rolling three year average net loss rate to calculate historical loss factors. The analysis is conducted by call report loan category, and further disaggregates commercial and industrial loans by collateral type. The analysis uses net charge-off experience by consider ing charge-offs and recoveries in determining the loss rate. The historical loss calculation for the quarter is calculated by dividing the current quarter net charge-offs for each loan category by the quarter ended loan category balance. The Bank utilizes a weighted average loss rate to better represent recent trends. The Bank weights the most recent four quarter average at 120% versus the oldest four quarters at 80% . While historical loss experience provides a reasonable starting point for the analysis, historical losses are not the sole basis upon which the Company determines the appropriate level for the allowance for loan losses. Management considers recent qualitative or environmental factors that are likely to cause estimated credit losses associated with the existing portfolio to differ from historical loss experience, including but not limited to:  changes in the volume and severity of past due, nonaccrual and classified loans;  changes in the nature, volume and terms of loans in the portfolio;  changes in lending policies and procedures;  changes in economic and business conditions and developments that affect the collectability of the portfolio;  changes in lending management and staff;  changes in the loan review system and the degree of oversight by the Bank’s board of directors; and  any concentrations of credit and changes in the level of such concentrations. Changes in the volume and severity of past due, nonaccrual and classified loans, as well as changes in the nature, volume and terms of loans in the portfolio are key indicators of changes that could indicate a necessary adjustment to the historical loss factors. The magnitude of the impact of these factors on the qualitative assessment of the allowance for loan loss changes from quarter to quarter. The loan review program is designed to identify and monitor problem loans by maintaining a credit grading process, requiring that timely and appropriate changes be made to reviewed loans and coordinating the delivery of the information necessary to assess the appropriateness of the allowance for loan losses. Loans are evaluated for impaired status when: (i) payments on the loan are delayed, typically by 90 days or more (unless the loan is both well secured and in the process of collection), (ii) the loan becomes classified, (iii) the loan is being reviewed in the normal course of the loan review scope, or (iv) the loan is identified by the servicing officer as a problem. In connection with the Bank Transactions, the Bank acquired loans both with and without evidence of credit quality deterioration since origination. PCI loans acquired in the PlainsCapital Merger are accounted for on an individual loan basis, while PCI loans acquired in each of the FNB Transaction and SWS Merger are accounted for in pools as well as on an individual loan basis. Cash flows expected to be collected are recast quarterly for each loan or pool. These evaluations require the continued use and updating of key assumptions and estimates such as default rates, loss severity given default and prepayment speed assumptions (similar to those used for the initial fair value estimate). Management judgment must be applied in developing these assumptions. If expected cash flows for a loan or pool decreases, an increase in the allowance for loan losses is made through a charge to the provision for loan losses. If expected cash flows for a loan or pool increase, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield. This increase in accretable yield is taken into income over the remaining life of the loan. Loans without evidence of credit impairment at acquisition are subsequently evaluated for any required allowance at each reporting date. An allowance for loan losses is calculated using a methodology similar to that described above for originated loans. The allowance as determined for each loan collateral type is compared to the remaining fair value discount for that loan collateral type. If greater, the excess is recognized as an addition to the allowance through a provision for loan losses. If less than the discount, no additional allowance is recorded. Charge-offs and losses first reduce any remaining fair value discount for the loan and once the discount is depleted, losses are applied against the allowance established for that loan. The allowance for loan losses is subject to regulatory examinations and determinations as to adequacy , which may take into account such factors as the methodology used to calculate the allowance and the size of the allowance. Changes in the allowance for non-covered loan losses, distributed by portfolio segment, are shown below (in thousands). Commercial and Construction and Year Ended December 31, 2015 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to (recapture from) operations Loans charged off — Recoveries on charged off loans — Balance, end of year $ $ $ $ $ Commercial and Construction and Year Ended December 31, 2014 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to (recapture from) operations Loans charged off — Recoveries on charged off loans Balance, end of year $ $ $ $ $ Commercial and Construction and Year Ended December 31, 2013 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to operations Loans charged off Recoveries on charged off loans Balance, end of year $ $ $ $ $ The non-covered loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ $ $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $ The allowance for non-covered loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ — $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ — $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $

Covered Assets and Indemnificat

Covered Assets and Indemnification Asset	12 Months Ended
	Dec. 31, 2015
Covered Assets and Indemnification Asset
Covered Assets and Indemnification Asset.	6. Covered Assets and Indemnification Asset As discussed in Note 2 to the consolidated financial statements , the Bank assumed substantially all of the liabilities, including all of the deposits, and acquired substantially all of the assets of FNB in an FDIC-assisted transaction on September 13, 2013. As part of the P&A Agreement, the Bank and the FDIC entered into loss-share agreements covering future losses incurred on certain acquired loans and OREO. The Company refers to acquired commercial and single family residential loan portfolios and OREO that are subject to the loss-share agreements as “covered loans” and “covered OREO”, respectively, and these assets are presented as separate line items in the Company’s consolidated balance sheets. Collectively, covered loans and covered OREO are referred to as “covered assets”. Pursuant to the loss-share agreements, the FDIC has agreed to reimburse the Bank the following amounts with respect to the covered assets: (i) 80% of net losses on the first $240.4 million of net losses incurred; (ii) 0% of net losses in excess of $240.4 million up to and including $365.7 million of net losses incurred; and (iii) 80% of net losses in excess of $365.7 million of net losses incurred. Net losses are defined as book value losses plus certain defined expenses incurred in the resolution of assets, less subsequent recoveries. Under the loss-share agreement for commercial assets, the amount of subsequent recoveries that are reimbursable to the FDIC for a particular asset is limited to book value losses and expenses actually billed plus any book value charge-offs incurred prior to the Bank Closing Date. There is no limit on the amount of subsequent recoveries reimbursable to the FDIC under the loss-share agreement for single family residential assets. The loss-share agreements for commercial and single family residential assets are in effect for 5 years and 10 years, respectively, from the Bank Closing Date, and the loss recovery provisions to the FDIC are in effect for 8 years and 10 years, respectively, from the Bank Closing Date. The asset arising from the loss-share agreements, referred to as the “FDIC Indemnification Asset,” is measured separately from the covered loan portfolio because the agreements are not contractually embedded in the covered loans and are not transferable should the Bank choose to dispose of the covered loans. In accordance with the loss-share agreements, the Bank may be required to make a “true-up” payment to the FDIC approximately ten years following the Bank Closing Date if its actual net realized losses over the life of the loss-share agreements are less than the FDIC’s initial estimate of losses on covered assets. The “true-up” payment is calculated using a defined formula set forth in the P&A Agreement. At December 31, 2015, the Bank has recorded a related “true-up” payment accrual of $5.5 million based on the current estimate of aggregate realized losses on covered assets over the life of the loss-share agreements. Covered Loans and Allowance for Covered Loan Losses Loans acquired in the FNB Transaction that are subject to a loss-share agreement are referred to as “covered loans” and reported separately in the consolidated balance sheets. Covered loans are reported exclusive of the cash flow reimbursements that may be received from the FDIC. The Bank’s portfolio of acquired covered loans had a fair value of $1.1 billion as of the Bank Closing Date, with no carryover of any allowance for loan losses. Acquired covered loans were preliminarily segregated between those considered to be PCI loans and those without credit impairment at acquisition. In connection with the FNB Transaction, the Bank acquired loans both with and without evidence of credit quality deterioration since origination. The Company’s accou nting policies for acquired covered loans, including covered PCI loans, are consistent with that of acquired non-covered loans, as described in Note 5 to the consolidated financial statements. The Company has established under its PCI accounting policy a framework to aggregate certain acquired covered loans into various loan pools based on a minim um of two layers of common risk characteristics for the purpose of determining their respective fair values as of their acquisition dates, and for applying the subsequent recognition and measurement provisions for income accretion and impairment testing. The following table presents the carrying value of the covered loans summarized by portfolio segment (in thousands). December 31, 2015 2014 Commercial and industrial $ $ Real estate Construction and land development Consumer — Allowance for covered loans Total covered loans, net of allowance $ $ The following table presents the carrying value and the outstanding contractual balance of the covered PCI loans (in thousands). December 31, 2015 2014 Carrying amount $ $ Outstanding balance Changes in the accretable yield for the covered PCI loans were as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Additions — — Reclassifications from (to) nonaccretable difference, net (1) Transfer of loans to covered OREO (2) Accretion Balance, end of period $ $ $ (1) Reclassifications from nonaccretable difference are primarily due to net increases in expected cash flows in the quarterly recasts, but may also include the reclassification and immediate income recognition of nonaccretable difference due to the favorable resolution of loans accounted for individually. Reclassifications to nonaccretable difference occur when accruing loans are moved to nonaccrual and expected cash flows are no longer predictable and the accretable yield is eliminated. (2) Transfer of loans to covered OREO is the difference between the value removed from the pool and the expected cash flows for the loan. The remaining nonaccretable difference for covered PCI loans w as $172.2 million and $382.5 million at December 31, 2015 and 2014 , respectively. During 2015 and 2014 , a combination of factors affect ing the inputs to the Bank’s quarterly recast process led to the reclassifications from nonaccretable difference to accretable yield. These transfers resulted from revised cash flows that reflect better-than-expected performance of the covered PCI loan portfolio as a result of the Bank’s strategic decision to dedicate resources to the liquidation of covered loans during the noted periods. Covered impaired loans include non-accrual loans, TDRs, PCI loans and partially charged-off loans. Substantially all covered impaired loans are PCI loans. The amounts shown in following tables include Pooled Loans, as well as loans accounted for on an individual basis. For Pooled Loans, the recorded investment with allowance and the related allowance consider impairment measured at the pool level. Covered impaired loans are summarized by class in the following tables (in thousands). Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2015 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — — — — $ $ $ $ $ Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2014 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development — — Consumer — — — — — $ $ $ $ $ Average investment in covered impaired loans is summarized by class in the following table (in thousands). Year Ended December 31, 2015 2014 2013 Commercial and industrial: Secured $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development Consumer — — — $ $ $ Covered non-accrual loans are summarized by class in the following table (in thousands). December 31, 2015 2014 Commercial and industrial: Secured $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development Consumer — — $ $ At December 31, 2015 and 2014 , covered non-accrual loans included cove red PCI loans of $5.3 milli on and $31.2 million, respectively, for which discount accretion has been suspended because the extent and timing of cash flows from these covered PCI loans can no longer be reasonably estimated. Interest income, including recoveries and cash payments, recorded on covered impaired loans was $17.2 million during 2015 . Interest income recorded on covered impaired loans during 2014 and 2013 was nominal. Except as noted above, covered PCI loans are considered to be performing due to the application of the accretion method. The Bank classifies loan modifications of covered loans as TDRs in a manner consistent with that of non-covered loans as discussed in Note 5 to the consolidated financial statements. The outstanding balance of TDRs granted during 2015 and 2014 is shown in the following tables (in thousands). There were no TDRs granted during the period from September 14, 2013 through December 31, 2013 . Pooled Loans are not in the scope of the disclosure requirements for TDRs. At December 31, 2015 and 2014 , the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2015 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ — $ — Unsecured — — — — Real estate: Secured by commercial properties — — — — Secured by residential properties Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ $ $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2014 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ — $ — Unsecured — — — — Real estate: Secured by commercial properties — — — — Secured by residential properties — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ $ $ — $ The following table presents information regarding TDRs granted during the twelve months preceding December 31, 2015 for which a payment was at 30 days past due in 2015 (dollars in thousands). There were no TDRs granted during the twelve months preceding December 31, 2014 for which a payment was at least 30 days past due in 2014 . Number of Recorded Loans Investment Commercial and industrial: Secured — $ — Unsecured — — Real estate: Secured by commercial properties — Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — $ An analysis of the aging of the Bank’s covered loan portfolio is shown in the following tables (in thousands). Accruing Loans Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total (Non ‑ PCI) Past Due December 31, 2015 30 ‑ 59 Days 60 ‑ 89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ — $ $ $ $ $ $ — Unsecured — — — — — — Real estate: Secured by commercial properties — — — Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — — — — — — — — $ $ $ $ $ $ $ $ — Accruing Loans Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total (Non ‑ PCI) Past Due December 31, 2014 30 ‑ 59 Days 60 ‑ 89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ — $ — $ $ $ $ $ $ Unsecured — — — Real estate: Secured by commercial properties — — Secured by residential properties Construction and land development: Residential construction loans — — — Commercial construction loans and land development Consumer — — — — — — — — $ $ $ $ $ $ $ $ The Bank assigns a risk grade to each of its covered loans in a manner consistent with the existing loan review program and risk grading matrix used for non-covered loans, as described in Note 5 to the consolidated financial statements. The following tables present the internal risk grades of covered loans in the portfolio by class (in thousands). December 31, 2015 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — — Real estate: Secured by commercial properties — Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development — Consumer — — — — — $ $ $ $ $ December 31, 2014 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — Real estate: Secured by commercial properties — Secured by residential properties — Construction and land development: Residential construction loans — Commercial construction loans and land development — Consumer — — — — — $ $ — $ $ $ The Bank’s impairment methodology for the covered loans is consistent with that of non-covered loans as discussed in Note 5 to the consolidated financial statements. To the extent there is experienced or projected credit deterioration on the acquired covered loan pools subsequent to amounts estimated at the previous quarterly recast date and expected cash flows for a loan or pool decreases, an increase in the allowance for loan losses is made through a charge to the provision for loan losses. If expected cash flows for a loan or pool increase, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield. This increase in accretable yield is taken into income over the remaining life of the loan. Additionally, provision for credit losses will be recorded on advances on covered loans subsequent to the acquisition date in a manner consistent with the allowance for non-covered loan losses. Changes in the allowance for covered loan losses, distributed by portfolio segment, are shown below (in thousands). The year ended December 31, 2013 below refers to the period from September 14, 2013 through December 31, 2013. Commercial and Construction and Year Ended December 31, 2015 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ — $ Provision charged to operations — Loans charged off — Recoveries on charged off loans — — Balance, end of year $ $ $ — $ — $ Commercial and Construction and Year Ended December 31, 2014 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ — $ — $ Provision charged to operations — Loans charged off — Recoveries on charged off loans — — — — — Balance, end of year $ $ $ $ — $ Commercial and Construction and Year Ended December 31, 2013 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ — $ — $ — $ — $ — Provision charged to operations — — Loans charged off — — — Recoveries on charged off loans — — — — — Balance, end of year $ $ $ — $ — $ The covered loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ $ — $ Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ $ — $ Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $ The allowance for covered loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment — — PCI Loans — — $ $ $ — $ — $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $ Covered Other Real Estate Owned A summary of the activity in covered OREO is as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Fair value of assets acquired as of Bank Closing Date — — Additions to covered OREO Dispositions of covered OREO Valuation adjustments in the period — Balance, end of period $ $ $ During 2015 and 2014 , the Bank wrote down certain covered OREO assets to fair value to reflect new appraisals on certain OREO acquired in the FNB Transaction and OREO acquired from the foreclosure on certain FNB loans acquired in the FNB Transaction. Although the Bank recorded a fair value discount on the acquired assets upon acquisition, in some cases additional downward valuations were required. These additional downward valuation adjustments reflect changes to the assumptions regarding the fair value of the OREO, including in some cases the intended use of the OREO due to the availability of more information, as well as the passage of time. The process of determining fair value is subjective in nature and requires the use of significant estimates and assumptions. Although the Bank makes market-based assumptions when valuing acquired assets, new information may come to light that causes estimates to increase or decrease. When the Bank determines, based on subsequent information, that its estimates require adjustment, the Bank records the adjustment. The accounting for such adjustments requires that the decreases to fair value be recorded at the time such new information is received, while increases to fair value are recorded when the asset is subsequently sold. FDIC Indemnification Asset A summary of the activity in the FDIC Indemnification Asset is as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Fair value of assets acquired as of Bank Closing Date — — FDIC Indemnification Asset accretion (amortization) Transfers to due from FDIC and other Balance, end of period $ $ $ As of December 31, 2015 , the Bank had billed and collecte d $100.3 million from th e FDIC, which represented reimbursable covered losses and expenses through September 30, 2015.

Cash and Due from Banks

Cash and Due from Banks	12 Months Ended
	Dec. 31, 2015
Cash and Due from Banks
Cash and Due from Banks	7. Cash and Due from Banks Cash and due from banks consisted of the following (in thousands). December 31, 2015 2014 Cash on hand $ $ Clearings and collection items Deposits at Federal Reserve Bank Deposits at Federal Home Loan Bank Deposits in FDIC-insured institutions $ $ The amounts above include interest-bearing deposits o f $442.4 million and $628.3 million at December 31, 2015 and 2014 , respectively. Cash on hand and deposits at the Fe deral Reserve Bank satisfy regulatory reserve requirements at December 31, 2015 .

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Premises and Equipment
Premises and Equipment	8. Premises and Equipment The components of premises and equipment are summarized as follows (in thousands). December 31, 2015 2014 Land and premises $ $ Furniture and equipment Less accumulated depreciation and amortization $ $ The amounts shown above include assets recorded under capital leases of $7.8 million and $6.6 million, net of accumulated amortization of $1.8 million and $1.2 million at December 31, 2015 and 2014 , respectively. Occupancy expense was reduced by rental income of $2.2 million, $2.4 million and $1.8 million during 2015 , 2014 and 2013 , respectively. Depreciation and amortization expense on premises and equipment, which includes amortization of capital leases, amounted to $37.2 million, $30.7 million and $24.8 million during 2015 , 2014 and 2013 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets At both December 31, 2015 and 2014 , the carrying amount of goodwill of $251.8 million was comprised of $24.0 million recorded in connection with the acquisition of NLC and $227.8 million recorded in connection with the PlainsCapital Merger. Other intangible assets of $54.9 million and $59.8 million at December 31, 2015 and 2014 , respectively, include an indefinite lived intangible asset with an estimated fair value of $3.0 million related to state licenses acquired as a part of the NLC acquisition in Jan uary 2007. The Company perform ed required annual impairment tests of its goodwill and other intangible assets having an indefinite useful life as of October 1 st for each of its reporting units. At October 1, 2015, the Company determined that the estimated fair value of each of its reporting units exceeded its carrying value. The Company estimated the fair values of its reporting units based on both a market and income approach using historic, normalized actual and forecast results. Based on this evaluation, the Company concluded that the goodwill and other identifiable intangible assets were fully realizable at December 31, 2015 . The Company’s evaluation includes multiple assumptions, including estimated discounted cash flows and other estimates that may change over time. If future discounted cash flows become less than those projected by the Company, future impairment charges may become necessary that could have a materially adverse impact on the Company’s results of operations and financial condition. As quoted market prices in active stock markets are relevant evidence of fair value, a significant decline in the Company’s common stock trading price may indicate an impairment of goodwill. The carrying value of intangible assets subject to amortization was as follows (in thousands). Estimated Gross Net Useful Life Intangible Accumulated Intangible December 31, 2015 (Years) Assets Amortization Assets Core deposits 4 - 12 $ $ $ Trademarks and trade names 15 - 20 Noncompete agreements 4 - 6 Customer contracts and relationships 12 - 14 Agent relationships 13 $ $ $ Estimated Gross Net Useful Life Intangible Accumulated Intangible December 31, 2014 (Years) Assets Amortization Assets Core deposits - 12 $ $ $ Trademarks and trade names 10 - 20 Noncompete agreements 4 - 6 Customer contracts and relationships 8 - 12 Agent relationships 13 $ $ $ Amortization expense related to intangible assets during 2015 , 2014 and 2013 wa s $12.4 million, $11.1 million and $11.1 million, respectively. The estimated aggregate future amortization expense for intangible assets at December 31, 2015 is as follows (in thousands). 2016 $ 2017 2018 2019 2020 Thereafter $

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2015
Mortgage Servicing Rights
Mortgage Servicing Rights	10. Mortgage Servicing Rights The following tables present the changes in fair value of the Company’s MSR and other information related to the serviced portfolio (dollars in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Additions Sales — — Changes in fair value: Due to changes in model inputs or assumptions (1) Due to customer payoffs Balance, end of year $ $ $ December 31, 2015 2014 Mortgage loans serviced for others $ $ MSR asset as a percentage of serviced mortgage loans % % (1) Primarily represents normal customer payments, changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates and the refinement of other MSR model assumptions. The key assumptions used in measuring the fair value of the Company’s MSR were as follows. December 31, 2015 2014 Weighted average constant prepayment rate % % Weighted average discount rate % % Weighted average life (in years) A sensitivity analysis of the fair value of the Company’s MSR to certain key assumptions is presented in the following table (in thousands). December 31, 2015 2014 Constant prepayment rate: Impact of 10% adverse change $ $ Impact of 20% adverse change Discount rate: Impact of 10% adverse change Impact of 20% adverse change This sensitivity analysis presents the effect of hypothetical changes in key assumptions on the fair value of the MSR. The effect of such hypothetical change in assumptions generally cannot be extrapolated because the relationship of the change in one key assumption to the change in the fair value of the MSR is not linear. In addition, in the analysis, the impact of an adverse change in one key assumption is calculated independent of any impact on other assumptions. In reality, changes in one assumption may change another assumption. Contractually specified servicing fees, late fees and ancillary fees earne d of $19.6 million, $13.3 million and $3.2 million during 2015 , 2014 and 2013 , respectively, were included in other noninterest income within the consolidated statements of operations.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits
Deposits	11. Deposits Deposits are summarized as follows (in thousands). December 31, 2015 2014 Noninterest-bearing demand $ $ Interest-bearing: NOW accounts Money market Brokered - money market Demand Savings Time Brokered - time $ $ At December 31, 2015 , deposits include $622.1 million of time deposit accounts that meet or exceed the FDIC insurance limit of $250,000. Scheduled maturities of interest-bearing time deposits at December 31, 2015 are as follows (in thousands). 2016 $ 2017 2018 2019 2020 and thereafter $

Short-term Borrowings

Short-term Borrowings	12 Months Ended
	Dec. 31, 2015
Short-term Borrowings
Short-term Borrowings	12. Short-term Borrowings Short-term borrowings are summarized as follows (in thousands). December 31, 2015 2014 Federal funds purchased $ $ Securities sold under agreements to repurchase Federal Home Loan Bank Short-term bank loans $ $ Federal funds purchased and securities sold under agreements to repurchase generally mature daily, on demand, or on some other short-term basis. The Bank and the Hilltop Broker-Dealers execute transactions to sell securities under agreements to repurchase with both customers and broker-dealers. Securities involved in these transactions are held by the Bank, the Hilltop Broker-Dealers or a third-party dealer. Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). Year Ended December 31, 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year December 31, 2015 2014 Average interest rate at end of year % % Securities underlying the agreements at end of year: Carrying value $ $ Estimated fair value $ $ FHLB short-term borrowings mature over terms not exceeding 365 days and are collateralized by FHLB Dallas stock, nonspecified real estate loa ns and certain specific commercial real estate loans . At December 31, 2015 , the Bank had available collateral of $1.5 billion, substan tially all of which was blanket collateral. Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). Year Ended December 31, 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year $ $ $ December 31, 2015 2014 Average interest rate at end of year % % The Hilltop Broker-Dealers use short-term bank loans periodically to finance securities owned, margin loans to customers and correspondents, and underwriting activities. Interest on the borrowings varies with the federal funds rate. The weighted average interest rate on the borrowings at December 31, 2015 and 2014 was 1.26% and 1.07% , respectively.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2015
Notes Payable
Notes Payable	13. Notes Payable Notes payable consisted of the following (in thousands). December 31, 2015 2014 NLIC note payable due May 2033, three-month LIBOR plus 4.10% (4.64% at December 31, 2015) with interest payable quarterly $ $ NLIC note payable due September 2033, three-month LIBOR plus 4.05% (4.59% at December 31, 2015) with interest payable quarterly ASIC note payable due April 2034, three-month LIBOR plus 4.05% (4.59% at December 31, 2015) with interest payable quarterly First Southwest nonrecourse notes, paid off in January 2015 — Insurance company note payable due March 2035, three-month LIBOR plus 3.40% (3.94% at December 31, 2015) with interest payable quarterly Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030 with interest payable monthly — Insurance company line of credit due December 31, 2016, 3.25% plus a calculated index rate (4.00% at December 31, 2015) with interest payable quarterly Senior Notes due April 2025, net — $ $ NLIC, ASIC and Insurance Company Notes Payable The NLIC and ASIC notes payable to unaffiliated companies are each subordinated in right of payment to all policy claims and other indebtedness of NLIC and ASIC, respectively. Further, all payments of principal and interest require the prior approval of the Insurance Commissioner of the State of Texas and are only payable to the extent that the statutory surplus of NLIC exceeds $30 million and ASIC exceeds $15 million. The NLIC, ASIC and Insurance Company loan agreements relating to the notes payable contain various covenants pertaining to limitations on additional debt, dividends, officer and director compensation, and minimum capital requirements. The Company was in compliance with the covenants at December 31, 2015 . NLC has entered into an indenture relating to the NLIC, ASIC and Insurance Company notes payable which provides that (i) if a person or group becomes the beneficial owner directly or indirectly of 50% or more of its equity securities and (ii) if NLC’s ratings are downgraded by a nationally recognized statistical rating organization (as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”) , then each holder of the notes governed by such indenture has the right to require that NLC purchase such holder’s notes in whole or in part at a price equal to 100% of the outstanding principal amount. First Southwest Nonrecourse Notes In 2005, First Southwest participated in a monetization of future cash flows totaling $95.3 million from several tobacco companies owed to a law firm under a settlement agreement (“Fee Award”). In connection with the transaction, a special purpose entity that was consolidated with First Southwest issued $30.3 million of nonrecourse notes to finance the purchase of the Fee Award, to establish a reserve account and to fund issuance costs. Cash flows from the settlement were the sole source of payment for the nonrecourse notes. The nonrecourse notes carried an interest rate of 8.58% . The First Southwest nonrecourse notes were paid off in January 2015. Federal Home Loan Bank notes The FHLB notes, assumed by the Bank in the SWS Merger, have interest rates rang ing from 0.80% to 5.83% , w ith a weighted average interest rate of 2.13% at December 31, 2015 . The FHLB notes, as well as other borrowings from the FHLB, are collateralize d by FHLB stock, a blanket lien on commercial and real estate loans, as well as by the amount of securities that are in safekeeping at the FHLB , the value of which was $2.3 billion at December 31, 2015 . Insurance Company Line of Credit The Company’s insurance subsidiary has a line of credit with a financial institution which allows for borrowings by NLC of up to $7.5 million and is collateralized by substantially all of NLC’s assets. The loan agreements relating to the line of credit contain various financial and other covenants which must be maintained until all indebtedness to the financial institution is repaid. The Company was in compliance with the covenants at December 31, 2015 . Senior Notes On April 9, 2015, Hilltop completed an offering of $150.0 million aggregate principal amount of its 5% senior notes due 2025 (“Senior Unregistered Notes”) in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Senior Unregistered Notes were offered within the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to persons outside of the United States under Regulation S under the Securities Act. The Senior Unregistered Notes were issued pursuant to an indenture, dated as of April 9, 2015, by and between Hilltop and U.S. Bank National Association, as trustee. The net proceeds from the offering, after deducting estimated fees and expenses and the initial purchasers’ discounts, were approximately $148 million. Hilltop used the net proceeds of the offering to redeem all of Hilltop’s outstanding Non-Cumulative Perpetual Preferred Stock, Seri es B at an aggregate liquidation value of $114.1 million, plu s accrued but unpaid dividends of $0.4 million, and Hilltop utilized the remainder for general corporate purposes. Unamortized debt issuance costs presented as a reduction from the Senior Notes are discussed further in Note 1 to the consolidated financial statements . In connection with the issuance of the Senior Unregistered Notes, on April 9, 2015, the Company entered into a registration rights agreement with the initial purchasers of the Senior Unregistered Notes. Under the terms of the registration rights agreement, the Company agreed to offer to exchange the Senior Unregistered Notes for notes registered under the Securities Act (the “Senior Registered Notes”). The terms of the Senior Registered Notes are substantially identical to the Senior Unregistered Notes for which they were exchanged (including principal amount, interest rate, maturity and redemption rights), except that the Senior Registered Notes generally are not subject to transfer restrictions. On May 22, 2015 and subject to the terms and conditions set forth in the Senior Registered Notes prospectus, the Company commenced an offer to exchange the Senior Unregistered Notes for Senior Registered Notes. Substantially all of the Senior Unregistered Notes were tendered in the exchange offer, and on June 22, 2015, the Company fulfilled its requirements under the registration rights agreement for the Senior Unregistered Notes by issuing Senior Registered Notes in exchange for the tendered Senior Unregistered Notes. The Senior Registered Notes and the Senior Unregistered Notes that remain outstanding are collectively referred to as the “Senior Notes.” The Senior Notes bear interest at a rate of 5% per year, payable semi-annually in arrears in cash on April 15 and October 15 of each year, commencing on October 15, 2015. The Senior Notes will mature on April 15, 2025, unless Hilltop redeems the Senior Notes, in whole at any time or in part from time to time, on or after January 15, 2025 ( three months prior to the maturity date of the Senior Notes) at its election at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed plus accrued and unpaid interest to, but excluding, the redemption date. The indenture contains covenants that limit the Company’s ability to, among other things and subject to certain significant exceptions: (i) dispose of or issue voting stock of certain of the Company’s bank subsidiaries or subsidiaries that own voting stock of the Company’s bank subsidiaries, (ii) incur or permit to exist any mortgage, pledge, encumbrance or lien or charge on the capital stock of certain of the Company’s bank subsidiaries or subsidiaries that own capital stock of the Company’s bank subsidiaries and (iii) sell all or substantially all of the Company’s assets or merge or consolidate with or into other companies. The indenture also provides for certain events of default, which, if any of them occurs, would permit or require the principal amount, premium, if any, and accrued and unpaid interest on the then outstanding Senior Notes to be declared immediately due and payable . Scheduled Maturities Scheduled maturities for notes payable outstanding at December 31, 2015 are as follows (in thousands). 2016 $ 2017 2018 2019 2020 Thereafter $

Junior Subordinated Debentures

Junior Subordinated Debentures and Trust Preferred Securities	12 Months Ended
	Dec. 31, 2015
Junior Subordinated Debentures and Trust Preferred Securities
Junior Subordinated Debentures and Trust Preferred Securities	14. Junior Subordinated Debentures and Trust Preferred Securities PlainsCapital has four statutory Trusts, three of which were formed under the laws of the state of Connecticut and one of which, PCC Statutory Trust IV, was formed under the laws of the state of Delaware. The Trusts were created for the sole purpose of issuing and selling preferred securities and common securities, using the resulting proceeds to acquire junior subordinated debentures issued by PlainsCapital (the “Debentures”). Accordingly, the Debentures are the sole assets of the Trusts, and payments under the Debentures are the sole revenue of the Trusts. All of the common securities are owned by PlainsCapital; however, PlainsCapital is not the primary beneficiary of the Trusts. Accordingly, the Trusts are not included in the Company’s consolidated financial statements. The Trusts have issued $65,000,000 of floating rate preferred securities and $2,012,000 of common securities and have invested the proceeds from the securities in floating rate Debentures of PlainsCapital. Information regarding the PlainsCapital Debentures is shown in the following table (in thousands). Investor Issue Date Amount PCC Statutory Trust I July 31, 2001 $ PCC Statutory Trust II March 26, 2003 $ PCC Statutory Trust III September 17, 2003 $ PCC Statutory Trust IV February 22, 2008 $ The stated term of the Debentures is 30 years with interest payable quarterly. The rate on the Debentures, which resets quarterly, is 3-month LIBOR plus an average spread of 3.22% . The total average interest rate at December 31, 2015 was 3.65% . The term, rate and other features of the preferred securities are the same as the Debentures. PlainsCapital’s obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee of the Trust’s obligations under the preferred securities.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes
Income Taxes	15. Income Taxes The significant compone nts of the income tax provision are as follows (in thousands). Year Ended December 31, 2015 2014 2013 Current: Federal $ $ $ State Deferred: Federal State $ $ $ Th e income tax provision differs from the amount that would be computed by applying the statutory Federal income tax rate of 35% to income before income taxes as a result of the following (in thousands). Year Ended December 31, 2015 2014 2013 Computed tax at federal statutory rate $ $ $ Tax effect of: Non-taxable acquisition gain — — Nondeductible transaction costs — Nondeductible expenses State income taxes Tax-exempt income, net Valuation allowance — Minority interest Prior year return to provision adjustment Other $ $ $ The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). December 31, 2015 2014 Deferred tax assets: Net operating and built-in loss carryforward $ $ Covered loans Purchase accounting adjustment - loans Allowance for loan losses Compensation and benefits Indemnification agreements Foreclosed property Capital loss carryforward — Other Deferred tax liabilities: Premises and equipment FDIC Indemnification Asset Intangible assets Derivatives Net unrealized change in securities and other investments Loan servicing Other Total net deferred tax asset Less valuation allowance Net deferred tax asset $ $ The Company’s effective tax rate was 25.0% , 36.8% and 35.8% during 2015 , 2014 and 2013 , respectively. The decrease in the Company’s effective tax rate during 2015 was primarily due to no income taxes being recorded in connection with the bargain p urchase gain of $81.3 million associated with the SWS Merger because the acquisition was a tax-free reorganization under Section 368(a) of the Internal Revenue Code. In addition, the Company recorded an income tax benefit of $2.1 million as a result of the SWS Merger to reverse the deferred tax liability for the difference between book and tax basis on Hilltop’s investment in SWS common stock and reversed a previously established valuation allowance of $1.9 million on a deferred tax asset associated with a capital loss carryforward. At December 31, 2015 and 2014 , the Company had net operating loss carryforwards for Federal income tax purposes of $46.5 million and $45.5 million, respectively. This increase in net operating loss carryforwards was a result of the SWS Merger, significantly offset by the utilization of $44.0 million of net operating loss carryforwards during 2015. The net operating loss carryforwards are subject to either separate return year limitations or annual Section 382 limitations on their usage. These net operating loss carryforwards expire in 202 5 and later years. The Company expects to realize its current deferred tax asset for these net operating loss carryforwards through the implementation of certain tax planning strategies, core earnings, and reversal of timing differences. At December 31, 2015, the Company also had a recognized built-in loss (“RBIL”) carryover of $21.0 million from the ownership change resulting from the SWS Merger. These RBILs are subject to the annual Section 382 limitation rules similar to the Company’s net operating loss carryforwards. The Company’s remaining net unrealized built-in loss of $16.1 million, if recognized during a five year recognition period before January 1, 2020, would also be subject to the annual Section 382 limitation. The RBIL’s are expected to be fully realized prior to any expiration. Based on the Company ’s evaluation of its deferred tax assets, management has recorded a valuation allowance of $2.2 million at December 31, 2015 against its gross deferred tax asset for an investment that may result in a capital loss . This increase in the valuation allowance of $0.3 million from December 31, 2014 was a result of an increase in the valuation allowance of $2.2 million from the SWS Me rger, significantly offset by a decrease of $1.9 million associated with the unexpected capital gain recognition on a capital loss carryforward. The Company has no valuation allowance on the remainder of its deferred tax assets at December 31, 2015 or 2014 . GAAP requires the measurement of uncertain tax positions. Uncertain tax positions are the difference between a tax position taken, or expected to be taken in a tax return, and the benefit recognized for accounting purposes. At both December 31, 2015 and 2014 , the total amount of gross unrecognized tax benefits was $0.6 million, of w hich $0.4 million if recognized, would favorably impact the Company’s effective tax rate. The Company files income tax returns in U.S. federal and numerous state jurisdictions. The Company is subject to tax audits in nu merous jurisdictions in the United States until the applicable statute of limitations expires. The Company is no longer subject to U.S. federal tax examinations for tax years prior to 201 2 . The Company is open for various state tax audits for tax years 201 1 and later. The Company is currently under income tax examination by several state authorities for tax years 2011 through 201 3 . The Company does not expect any significant liability to arise as a result of the examinations.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2015
Employee Benefits
Employee Benefits	16. Employee Benefits Hilltop and its subsidiaries have benefit plans that provide for elective deferrals by employees under Section 401(k) of the Internal Revenue Code. Employe e contributions are determined by the level of employee participation and related salary levels per Internal Revenue Service regulations. Hilltop and its subsidiaries match a portion of employee contributions based on entity-specific factors including the level of normal operating earnings and the amount of eligible employees’ contributions and salaries. In addition, Hilltop, PlainsCapital and the Bank made additional contributions to employees’ 401(k) accounts based on achievement of certain corporate objectives through December 31, 2015 . The amount charged to operating expense for these matching contributions totaled $12.6 million, $8.8 million and $7.5 million during 2015 , 2014 and 2013 , respectively. Effective upon the completion of the PlainsCapital Merger, the Company recorded a liability of $8.9 million associated with separate retention agreements entered into between Hilltop and two executive officers of PlainsCapital. At December 31, 2015 and 2014 , the recorded liability, including interest, was $9.0 million . The Bank purchased $15.0 million of flexible premium universal life insurance in 2001 to help finance the annual expense incurred in providing various employee benefits. At December 31, 2015 and 2014 , the carrying value of the policies included in other assets was $24.2 million and $24.8 million, respectively. During 2015 , 2014 and 2013 , the Bank recorded income of $0.8 million, $0.4 million and $0.4 million, respectively, related to the policies that was reported in other noninterest income within the consolidated statement of operations. Deferred Compensation Plan As a result of the SWS Merger, the Company assumed a deferred compensation plan offered by the former SWS (the “SWS Plan”) that allows former SWS eligible officers and employees to defer a portion of their bonus compensation and commissions. The SWS Plan matched 15% of the deferrals made by participants up to a predetermined limit through matching contributions that vest ratably over four years. Pursuant to the terms of the SWS Plan, the trustee periodically purchased the former SWS common stock in the open market. As a result of the SWS Merger, the former SWS common shares were converted into Hilltop common stock based on the terms of the merger agreement. No further contributions can be made to this plan. The assets of the SWS Plan are held in a rabbi trust and primarily include investments in company-owned life insurance (“COLI”) and Hilltop common stock. These assets are consolidated with those of the Company. Investments in COLI are carried at the cash surrender value of the insurance policies and recorded in other assets within the consolidated balance sheet at December 31, 2015 . Investments in Hilltop common stock, which are carried at cost and accounted for in a manner similar to treasury stock, and the corresponding liability related to the deferred compensation plan are presented as components of stockholders’ equity as employee stock trust and deferred compensation employee stock trust, net, respectively, at December 31, 2015 .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Related Party Transactions	17. Related Party Transactions Pursuant to a Sublease Agreement, Diamond A Administration Company LLC (“ Diamond A Admin”) , an affiliate of Gerald J. Ford, the current Chairman of the Board of Hilltop and the beneficial owner of 15.8% of Hill top common stock at December 31, 2015 , currently provides office space to Hilltop at a cos t of $24,030 per month. This Sublease Agreement continues in effect until July 31, 2018 or such earlier date that the base lease expires. Jeremy B. Ford, a director and the President and Chief Executive Officer of Hilltop, is the beneficiary of a trust that owns a 49% limited partnership interest in Diamond A Financial, L.P. Diamond A Financial, L.P. owne d 15.7% of the outstanding Hilltop common stock at December 31, 2015 . He also is a director and the Secretary of Diam ond A Admin , which provides office space to Hilltop as described the preceding paragraph. Diamond A Admin is owned by Hunter’s Glen/Ford, Ltd., a limited partnership in which a trust for the benefit of Jeremy B. Ford is a 46% limited partner. Jeremy B. Ford is the son of Gerald J. Ford. Corey G. Prestidge, Hilltop’s General Counsel and Secretary, is the son-in-law of Gerald J. Ford. Accordingly, Messrs. Jeremy Ford and Corey Prestidge are brothers-in-law. In the ordinary course of business, the Bank has granted loans to certain directors, executive officers and their affiliates (collectively referred to as related parties) totaling $34.2 million and $32.7 million at December 31, 2015 and 2014 , respectively. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability. For such loans during 2015 , total principal additions were $8.0 million and total principal payments were $6.5 million. At December 31, 2015 and 2014 , the Bank held deposits of related parties of $61.5 million and $161.9 million, respectively. A related party is the lessor in an operating lease with the Bank. The Bank’s minimum payment under the lease is $0.5 million annually through 2028, for an aggregate remaining obligation of $6.5 million at December 31, 2015 . The Bank purchases loans from a company for which a related party serves as a director, president and chief executive officer. At December 31, 2015 and 2014 , the outstanding balance of the purchased loans w as $3.9 million and $6.0 million , respectively . The loans were purchased with recourse to the company in the ordinary course of business and the rel ated party had no direct financial interest in the transactions. PlainsCapital Equity, LLC is a limited partner in certain limited partnerships that have received loans from the Bank. The Bank made those loans in the normal course of business, using underwriting standards and offering terms that are substantially the same as those used or offered to non-affiliated borrowers. At December 31, 2015 and 2014 , the Bank had outstanding loans of $0.1 million and $0.2 million, respectively, in which PlainsCapital Equity, LLC had a limited partnership interest. The investment of PlainsCapital Equity, LLC in these limited partnerships was $3.8 million at both December 31, 2015 and 2014 .

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Commitments and Contingencies	18. Commitments and Contingencies The Bank acts as agent on behalf of certain correspondent banks in the purchase and sale of federal funds that aggregated $23.0 million at December 31, 2015 . At December 31, 2014 , there were no such amounts outstanding. Legal Matters The Company is subject to loss contingencies related to litigation, claims, investigations and legal and administrative cases and proceedings arising in the ordinary course of business. The Company evaluates these contingencies based on information currently available, including advice of counsel. The Company establishes accruals for those matters when a loss contingency is considered probable and the related amount is reasonably estimable. Any accruals are periodically reviewed and may be adjusted as circumstances change. A portion of the Company’s exposure with respect to loss contingencies may be offset by applicable insurance coverage. In determining the amounts of any accruals or estimates of possible loss contingencies, the Company does not take into account the availability of insurance coverage, other than that provided by reinsurers in the insurance segment. When it is practicable, the Company estimates loss contingencies for possible litigation and claims, whether or not there is an accrued probable loss. When the Company is able to estimate such possible losses, and when it estimates that it is reasonably possible it could incur losses, in excess of amounts accrued, the Company is required to make a disclosure of the aggregate estimation. As available information changes, however, the matters for which the Company is able to estimate, as well as the estimates themselves will be adjusted, accordingly. Assessments of litigation and claims exposures are difficult due to many factors that involve inherent unpredictability. Those factors include the following: the varying stages of the proceedings, particularly in the early stages; unspecified, unsupported, or uncertain damages; damages other than compensatory, such as punitive damages; a matter presenting meaningful legal uncertainties, including novel issues of law; multiple defendants and jurisdictions; whether discovery has begun or not or discovery is not complete; meaningful settlement discussions have not commenced; and whether the claim involves a class action and if so, how the class is defined. As a result of some of these factors, the Company may be unable to estimate reasonably possible losses with respect to some or all of the pending and threatened litigation and claims asserted against the Company. Following completion of Hilltop’s acquisition of SWS, several purported holders of shares of SWS common stock filed petitions in the Court of Chancery of the State of Delaware seeking appraisal for their shares pursuant to Section 262 of the Delaware General Corporation Law. These petitions were consolidated as In re SWS Group, Inc. , C.A. No. 10554-VCG. As of February 24, 2016, the consolidated matter represented a total of approximately 5.2 million shares of SWS common stock. The Company intends to vigorously defend this matter. On or about November 2, 2012, FSC, along with thirteen other defendants, was named in a lawsuit pending in the state of Rhode Island Superior Court styled Rhode Island Economic Development Corporation v. Wells Fargo Securities, LLC, et al . FSC is included in connection with its role as financial advisor to the State of Rhode Island, specifically in connection with the Rhode Island Economic Development Corporation’s issuance of $75 million in bonds to finance a loan to 38 Studios, LLC. 38 Studios, LLC ultimately failed to repay the loan and the Rhode Island Economic Development Corporation is seeking recovery to repay the bonds it issued to make such loan. FSC intends to defend itself vigorously in this action. The Company is involved in information-gathering requests and investigations (both formal and informal), as well as reviews, examinations and proceedings (collectively, “Inquiries”) by various governmental regulatory agencies, law enforcement authorities and self-regulatory bodies regarding certain of its businesses, business practices and policies, as well as the conduct of persons with whom it does business. Additional Inquiries will arise from time to time. In connection with those Inquiries, the Company receives document requests, subpoenas and other requests for information. The Inquiries, including the Inquiry described below, could develop into administrative, civil or criminal proceedings or enforcement actions that could result in consequences that have a material effect on the Company's consolidated financial position, results of operations or cash flows as a whole. Such consequences could include adverse judgments, findings, settlements, penalties, fines, orders, injunctions, restitution, or alterations in the Company’s business practices, and could result in additional expenses and collateral costs, including reputational damage. As a part of an industry-wide inquiry, PrimeLending received a subpoena from the Office of Inspector General of the U.S. Department of Housing and Urban Development regarding mortgage-related practices, including those relating to origination practices for loans insured by the Federal Housing Administration (the “FHA”). On August 20, 2014, PrimeLending received a Civil Investigative Demand from the United States Department of Justice (the “DOJ”) related to this Inquiry. According to the Civil Investigative Demand, the DOJ is conducting an investigation to determine whether PrimeLending has violated the False Claims Act in connection with originating and underwriting single-family residential mortgage loans insured by the FHA. No allegations have been asserted against PrimeLending. PrimeLending cannot predict the ultimate outcome of this investigation, and cannot make a reasonable estimate of potential liability, if any, at this time. PrimeLending continues to cooperate with the investigation. While the final outcome of litigation and claims exposures or of any Inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and Inquiries will not have a material effect on the Company’s business, consolidated financial position, results of operations or cash flows as a whole. However, in the event of unexpected future developments, it is reasonably possible that an adverse outcome in any of the matters discussed above could be material to the Company’s business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. Other Contingencies The mortgage origination segment may be responsible for errors or omissions relating to its representations and warranties that each loan sold meets certain requirements, including representations as to underwriting standards and the validity of certain borrower representations in connection with the loan. If determined to be at fault, the mortgage origination segment either repurchases the affected loan from the investor or reimburses the investor’s losses. The mortgage origination segment has established an indemnification liability reserve for such probable losses. Generally, the mortgage origination segment first becomes aware that an investor believes a loss has been incurred on a sold loan when it receives a written request from the investor to repurchase the loan or reimburse the investor’s losses. Upon completing its review of the investor’s request, the mortgage origination segment establishes a specific claims reserve for the loan if it concludes its obligation to the investor is both probable and reasonably estimable. An additional reserve has been established for probable investor losses that may have been incurred, but not yet reported to the mortgage origination segment based upon a reasonable estimate of such losses. Factors considered in the calculation of this reserve include, but are not limited to, the total volume of loans sold exclusive of specific investor requests, actual investor claim settlements and the severity of estimated losses resulting from future claims, and the mortgage origination segment’s history of successfully curing defects identified in investor claim requests. While the mortgage origination segment’s sales contracts typically include borrower early payment default repurchase provisions, these provisions have not been a primary driver of investor claims to date, and therefore, are not a primary factor considered in the calculation of this reserve. At December 31, 2015 and 2014 , the mortgage origination segment’s indemnification liability reserve totaled $16.6 million and $17.6 million, respectively. The provision for indemnification losses was $4.0 million, $3.1 million and $3.5 million during 2015 , 2014 and 2013 , respectively. The following tables provide for a roll-forward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). Representation and Warranty Specific Claims Activity - Origination Loan Balance Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ $ $ Claims made Claims resolved with no payment Repurchases Indemnification payments Balance, end of period $ $ $ Indemnification Liability Reserve Activity Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ $ $ Additions for new sales Repurchases Early payment defaults Indemnification payments Change in estimate Balance, end of period $ $ $ December 31, 2015 2014 Reserve for Indemnification Liability: Specific claims $ $ Incurred but not reported claims Total $ $ Although management considers the total indemnification liability reserve to be appropriate, there may be changes in the reserve over time to address incurred losses, due to unanticipated adverse changes in the economy and historical loss patterns, discrete events adversely affecting specific borrowers or industries, and/or actions taken by institutions or investors. The impact of such matters is considered in the reserving process when probable and estimable. In connection with the FNB Transaction, the Bank entered into two loss-share agreements with the FDIC that collectively cover $1.2 billion of loans and OREO acquired in the FNB Transaction. Pursuant to the loss-share agreements, the FDIC has agreed to reimburse the Bank the following amounts with respect to the covered assets: (i) 80% of net losses on the first $240.4 million of net losses incurred; (ii) 0% of net losses in excess of $240.4 million up to and including $365.7 million of net losses incurred; and (iii) 80% of net losses in excess of $365.7 million of net losses incurred. Net losses are defined as book value losses plus certain defined expenses incurred in the resolution of assets, less subsequent recoveries. Under the loss-share agreement for commercial assets, the amount of subsequent recoveries that are reimbursable to the FDIC for a particular asset is limited to book value losses and expenses actually billed plus any book value charge-offs incurred prior to the Bank Closing Date. There is no limit on the amount of subsequent recoveries reimbursable to the FDIC under the loss-share agreement for single family residential assets. The loss-share agreements for commercial and single family residential assets are in effect for 5 years and 10 years, respectively, from the Bank Closing Date and the loss recovery provisions to the FDIC are in effect for 8 years and 10 years, respectively, from the Bank Closing Date. In accordance with the loss-share agreements, the Bank may be required to make a “true-up” payment to the FDIC approximately ten years following the Bank Closing Date if its actual net realized losses over the life of the loss-share agreements are less than the FDIC’s initial estimate of losses on covered assets. The “true-up” payment is calculated using a defined formula set forth in the P&A Agreement. As of December 31, 2015 , the Bank estimated that the sum of covered losses and reimbursable expenses subject to the loss-share agreements will exceed $240.4 million, but will not exceed $365.7 million. Unless actual plus projected covered losses and reimbursable expenses exceed $365.7 million, the Bank will not record additional amounts to the FDIC Indemnification A sset. As of December 31, 2015 , the Bank had billed $125.4 million of covered net losses to the FDIC, of which 80% , or $100.3 million, were reimbursable under the loss-share agreements. As of December 31, 2015 , the Bank had received aggregate reimbursements of $100.3 million from the FDIC . As discussed in Note 16 to the consolidated financial statements, effective upon completion of the PlainsCapital Merger, Hilltop entered into separate retention agreements with two executive officers of PlainsCapital, one having an initial term of three years (with automatic one -year renewals at the end of two years and each anniversary thereof) and the other having an initial term of two years (with automatic one -year renewals at the end of the first year and each anniversary thereof). Each of these retention agreements provides for severance pay benefits if the executive officer’s employment is terminated without “cause”. In addition to these retention agreements, Hilltop and its subsidiaries maintain employment contracts with certain officers that provide for benefits in the event of a “change in control” as defined in these agreements. Hilltop and its subsidiaries lease space, primarily for branch facilities and automated teller machines, under noncancelable operating leases with remaining terms, including renewal op tions, of 1 to 13 years and under capital leases with remaining terms of 9 to 13 years. Rental expense under the operating leases was $40.3 million, $ 31.4 million and $29.2 million in 2015 , 2014 and 2013 , respectively. Future minimum lease payments under these agreements follow (in thousands). Operating Leases Capital Leases 2016 $ $ 2017 2018 2019 2020 Thereafter Total minimum lease payments $ Amount representing interest Present value of minimum lease payments $

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2015
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	19. Financial Instruments with Off-Balance Sheet Risk The Bank is 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 that involve varying degrees of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received. The contract amounts of those instruments reflect the extent of involvement (and therefore the exposure to credit loss) the Bank has in particular classes of financial instruments. Commitments to extend credit are agreements to lend to a customer provided that the terms established in the contract are met. Commitments generally have fixed expiration dates and may require payment of fees. Because some commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. These letters of credit are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers. In the aggregat e, the Bank ha d outstanding unused commitments to extend credit of $1.7 billion at December 31, 2015 and outstanding financial and performance standby letters of credit of $38.9 million at December 31, 2015 . The Bank uses the same credit policies in making commitments and standby letters of credit as it does for on-balance sheet instruments. The amount of collateral obtained, if deemed necessary, in these transactions is based on management’s credit evaluation of the borrower. Collateral held varies but may include real estate, accounts receivable, marketable securities, interest-bearing deposit accounts, inventory, and property, plant and equipment. In the normal course of business, the Hilltop Broker-Dealers execute, settle, and finance various securities transactions that may expose the Hilltop Broker-Dealers to off-balance sheet risk in the event that a customer or counterparty does not fulfill its contractual obligations. Examples of such transactions include the sale of securities not yet purchased by customers or for the accounts of the Hilltop Broker-Dealers, use of derivatives to support certain non-profit housing organization clients, clearing agreements between the Hilltop Broker-Dealers and various clearinghouses and broker-dealers, secured financing arrangements that involve pledged securities, and when-issued underwriting and purchase commitments.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation
Stock-Based Compensation	20. Stock-Based Compensation Pursuant to the Hilltop Holdings Inc. 2012 Equity Incentive Plan (the “2012 Plan”), the Company may grant nonqualified stock options, stock appreciation rights, restricted stock, RSUs , performance awards, dividend equivalent rights and other awards to employees of the Company, its subsidiaries and outside directors of the Company. Upon the approval by stockholders and effectiveness of the 2012 Plan in September 2012, no additional awards were permissible under the 2003 Equity Incentive Plan (the “2003 Plan”). In the aggregate, 4,000,000 shares of common stock may be delivered pursuant to awards granted under the 2012 Plan. At December 31, 2015 , 2,570,555 sha res of common stock remain available for issuance pursuant to the 2012 Plan , including shares that may be delivered pursuant to outstanding awards . Compensation expense related to the 2012 Plan and the 2003 Plan was $8.3 million, $4.7 million and $1.7 million during 2015 , 2014 and 2013 , respectively . During 2015 , 2014 and 2013 , Hilltop granted 13,631 , 9,519 and 9,343 shares of common stock, respectively, to certain non-employee members of the Company’s Board of Directors for services rendered to the Company pursuant to the 2012 Plan. Restricted Stock Awards The Compensation Committee of the Board of Directors of the Company has issued restricted shares of Hilltop common stock (“Restricted Stock Awards”) pursuant to the 2012 Plan. The Restricted Stock Awards generally cliff vest on the third anniversary of the grant date and are subject to service conditions set forth in the award agreements, with associated costs recognized on a straight-line basis over the respective vesting periods. The award agreements governing the Restricted Stock Awards provide for accelerated vesting under certain conditions. Prior to the completion of the SWS Merger and in accordance with the SWS merger agreement, on August 20, 2014, SWS granted restricted shares of SWS common stock to certain of its executive officers and key employees. On January 1, 2015, the effective time of the SWS Merger, these restricted shares of SWS common stock converted into the right to receive an aggregate of 62,994 Restricted Stock Awards based on the value of the merger consideration, and their vesting schedule did not accelerate. Such Restricted Stock Awards generally have begun to vest in three equal annual installments commencing on August 20, 2015, and are subject to service conditions set forth in the award agreements, with associated costs recognized on a straight-line basis over the respective vesting periods. At December 31, 2015 , unrecognized compensation expense related to outstanding Restricted Stock Awards of $0.7 million is expected to be recognized over a weighted average period of 0.30 years . Restricted Stock Units The Compensation Committee of the Board of Directors of the Company has issued RSUs pursuant to the 2012 Plan. Certain RSUs are subject to time-based vesting conditions and generally provided for a cliff vest on the third anniversary of the grant date, while other RSUs provided for vesting based upon the achievement of certain performance goals over a three -year period service conditions set forth in the award agreements, with associated costs generally recognized on a straight-line basis over the respective vesting periods. The RSUs are not transferable, and the shares of common stock issuable upon conversion of vested RSUs are generally subject to transfer restrictions for a period of one year following conversion, subject to certain exceptions. In addition, the applicable RSU award agreements provide for accelerated vesting under certain conditions. At December 31, 2015 , 709,399 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 165,875 outstanding RSUs vest based upon the achievement of certain performance goals over a three -year period. At December 31, 2015 , unrecognized com pensation expense related to outstanding RSUs of $11.3 million is expected to be recognized over a weighted average period of 1.85 years. The following table summarizes information about nonvested Restricted Stock Award and RSU activity for the noted periods (shares in thousands). Restricted Stock Awards RSUs Weighted Weighted Average Average Grant Date Grant Date Outstanding Fair Value Outstanding Fair Value Balance, January 1, 2013 - $ - - $ - Granted $ - $ - Balance, December 31, 2013 $ - $ - Granted - $ - $ Vested/Released $ $ Forfeited $ $ Balance, December 31, 2014 $ $ Granted $ $ Vested/Released $ $ Forfeited $ $ Balance, December 31, 2015 $ $ Vested/Released Restricted Stock Awards and RSUs include an aggregate of 4,784 shares withheld to satisfy employee statutory tax obligations during 2015 and 2014 . P ursuant to certain RSU award agreements, an aggregate of 7,025 vested RSUs at December 31, 2015 require deferral of the settlement in shares and statutory tax obligations to a future date. Stock Option s Stock options granted on November 2, 2011 to two senior executives pursuant to the 2003 Plan to purchase an aggregate of 600,000 shares of the Company’s common stock (the “Stock Option Awards”) at an exercise price of $7.70 per share were fully vested and exercisable at December 31, 2015. These Stock Option Awards expire on November 2, 2016. The fair value for these Stock Option Awards granted was estimated using the Black-Scholes option pricing model with an expected volatility of 25% , a risk-free interest rate of 0.96% , a dividend yield rate of zero , a five -year expected life of the options and a forfeiture rate of 15% .

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2015
Regulatory Matters
Regulatory Matters	21. Regulatory Matters Bank The Bank and Hilltop are subject to various regulatory capital requirements administered by the 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 consolidated financial statements. The regulations require the Bank and Hilltop to meet specific capital adequacy guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. On January 1, 2015, the new comprehensive capital framework (“Basel III”) for U.S. banking organizations became effective for the Bank and Hilltop for reporting periods beginning after January 1, 2015 (subject to a phase-in period through January 2019). Under Basel III, total capital consists of two tiers of capital, Tier 1 and Tier 2. Tier 1 capital is further composed of common equity Tier 1 capital and additional Tier 1 capital. Total capital is the sum of Tier 1 capital and Tier 2 capital. Quantitative measures established by regulation to ensure capital adequacy require the companies to maintain minimum amounts and ratios (set forth in the following table) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of common equity Tier 1, Tier 1 and total capital (as defined) to risk-weighted assets (as defined). In addition, under the final rules, bank holding companies with less than $15 billion in assets as of December 31, 2009 are allowed to continue to include junior subordinated debentures in Tier 1 capital, subject to certain restrictions. However, if an institution grows to above $15 billion in assets as a result of an acquisition, or organically grows to above $15 billion in assets and then makes an acquisition, the combined trust preferred issuances must be phased out of Tier 1 and into Tier 2 capital (75% in 2015 and 100% in 2016). All of the debentures issued to the Trusts, less the common stock of the Trusts, qualified as Tier 1 capital as of December 31, 2015 , under guidance issued by the Board of Governors of the Federal Reserve System. Management believes that, as of December 31, 2015 , Hilltop and the Bank would meet all applicable capital adequacy requirements under the Basel III capital rules for bank holding companie s with less than $15 billion in assets on a fully phased-in basis as if such requirements were currently in effect. During September 2013, Hilltop and PlainsCapital contributed capital of $35.0 million and $25.0 million, respectively, to the Bank to provide additional capital in connection with the FNB Transaction. The following table shows the Bank’s and Hilltop’s consolidated actual capital amounts and ratios compared to the regulatory minimum capital requirements and the Bank’s regulatory minimum capital requirements needed to qualify as a “well-capitalized” institution in accordance with Basel III as measured at December 31, 2015 and applicable regulatory guidelines at December 31, 2014 . To Be Well Capitalized Minimum Capital Minimum Capital Actual Requirements Requirements Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Tier 1 capital (to average assets): Bank $ % $ % $ % Hilltop % % N/A N/A Common equity Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Total capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A December 31, 2014 Tier 1 capital (to average assets): Bank $ % $ % $ % Hilltop % % N/A N/A Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Total capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A To be considered “adequately capitalized” (as defined) under regulatory requirements, the Bank must maintain minimum Tier 1 capital to total average assets of 4% , common equity Tier 1 capital to risk-weighted assets of 4.5% , Tier 1 capital to risk-weighted assets ratios of 6% (an increase from 4% prior to January 1, 2015), and a total capital to risk-weighted assets ratio of 8% . Based on the actual capital amounts and ratios shown in the previous table, the Bank’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). December 31, 2015 December 31, 2014 Bank Hilltop Bank Hilltop Total equity capital $ $ $ $ Add: Net unrealized holding losses (gains) on securities available for sale and held in trust Deduct: Goodwill and other disallowed intangible assets Other — Common equity Tier 1 capital (as defined) Add: Tier 1 capital Trust preferred securities — — Minority interests Deduct: Additional Tier 1 capital deductions — — NA Tier 1 capital (as defined) Add: Allowable Tier 2 capital Allowance for loan losses Net unrealized holding losses on equity securities — — — Deduct: Additional Tier 2 capital deductions — — NA Total capital (as defined) $ $ $ $ Broker-Dealer Pursuant to the net capital requirements of the Exchange Act, Hilltop Securities and FSC each elected to determine their respective net capital requirements using the alternative method. Accordingly, Hilltop Securities is, and FSC was, required to maintain minimum net capital, as defined in Rule 15c3-1 promulgated under the Exchange Act, equal to the greater of $250,000 and 1,000,000 , respectively, or 2% of aggregate debit balances, as defined in Rule 15c3-3 promulgated under the Exchange Act. Additionally, the net capital rule of the NYSE provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of the aggregate debit items. HTS Independent Network follows the primary (aggregate indebtedness) method, as defined in Rule 15c3-1 promulgated under the Exchange Act, which requires the maintenance of the larger of minimum net capital of $250,000 or 1/15 of aggregate indebtedness. At December 31, 2015 , the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). HTS Hilltop Independent FSC Securities Network Net capital $ $ $ Less required net capital Excess net capital $ $ $ Net capital as a percentage of aggregate debit items % % Net capital in excess of 5% aggregate debit items $ $ Under certain conditions, the Hilltop Broker-Dealers may be required to segregate cash and securities in a special reserve account for the benefit of customers under Rule 15c3-3 promulgated under the Exchange Act. Assets segregated under the provisions of the Exchange Act are not available for general corporate purposes. At December 31, 2015 and 2014 , the Hilltop Broker-Dealers held cash of $158.6 million and $76.0 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash or securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at December 31, 2015 and 2014. The fair values of these segregated assets included in special reserve accounts were determined using Level 1 inputs. Mortgage Origination As a mortgage originator, PrimeLending is subject to minimum net worth requirements established by the United States Department of Housing and Urban Development (“HUD”) and the GNMA. On an annual basis, PrimeLending submits audited financial statements to HUD and GNMA documenting PrimeLending’s compliance with its minimum net worth requirements. In addition, PrimeLending monitors compliance on an ongoing basis and, as of December 31, 2015 , PrimeLending’s net worth exceeded the amounts required by both HUD and GNMA. Insurance The statutory financial statements of the Company’s insurance subsidiaries, which are domiciled in the State of Texas, are presented on the basis of accounting practices prescribed or permitted by the Texas Department of Insurance. Texas has adopted the statutory accounting practices of the National Association of Insurance Commissioners’ (“NAIC”) as the basis of its statutory accounting practices with certain differences that are not significant to the insurance company subsidiaries’ statutory equity. A summary of statutory capital and surplus and statutory net income of each insurance subsidiary is as follows (in thousands). December 31, 2015 2014 Capital and surplus: National Lloyds Insurance Company $ $ American Summit Insurance Company Year Ended December 31, 2015 2014 2013 Statutory net income: National Lloyds Insurance Company $ $ $ American Summit Insurance Company Regulations of the Texas Department of Insurance require insurance companies to maintain minimum levels of statutory surplus to ensure their ability to meet their obligations to policyholders. At December 31, 2015 , the Company’s insurance subsidiaries had statutory surplus in excess of the minimum required. The NAIC has adopted a risk based capital (“RBC”) formula for insurance companies that establishes minimum capital requirements indicating various levels of available regulatory action on an annual basis relating to insurance risk, asset credit risk, interest rate risk and business risk. The RBC formula is used by the NAIC and certain state insurance regulators as an early warning tool to identify companies that require additional scrutiny or regulatory action. At December 31, 2015 , the Company’s insurance subsidiaries’ RBC ratio exceeded the level at which regulatory action would be required.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note
Stockholders' Equity	22. Stockholders’ Equity The Bank is subject to certain restrictions on the amount of dividends it may declare without prior regulatory approval. At December 31, 2015 , $312.4 million of its earning s was available for dividend declaration without prior regulatory approval , of which $50.0 million was paid to its parent in January 2016 . At December 31, 2015 , the maximum aggregate dividend that may be paid to NLC from its insurance company subsidiaries in 2016 without regulatory approval wa s $15.2 million. Stock Repurchase Program During the second quarter of 2015, the Company’s Board of Directors approved a stock repurchase program under which it authorized the Company to repurchase, in the aggregate, up to $30.0 million of its outstanding common stock. Under the stock repurchase program authorized, the Company could repurchase shares in open-market purchases or through privately negotiated transactions as permitted under Rule 10b-18 promulgated under the Exchange Act. As of September 30, 2015, the Company had repurchased an aggregate of $30.0 million of its outstanding common stock. The extent to which the Company repurchased its shares and the timing of such repurchases depended upon market conditions and other corporate considerations, as determined by Hilltop’s management team. The purchases were funded from available cash balances. The stock repurchase program terminated effective December 31, 2015. During 2015, the Company paid $30.0 million to repurchase and retire an aggregate of 1,390,977 shares of common stock at an average price of $21.56 per share. These retired shares were returned to the Company’s pool of authorized but unissued shares of common stock. The Company uses the par value method of accounting for its stock repurchases, whereby the par value of the shares is deducted from common stock. The excess of the cost of shares acquired over the par value is allocated to additional paid-in capital based on an estimated average sales price per issued share with the excess amounts charged to retained earnings. Series B Preferred Stock As a result of the PlainsCapital Merger, the outstanding shares of PlainsCapital’s Non-Cumulative Perpetual Preferred Stock, Series C, all of which were held by the U.S. Treasury, were converted on a one-for- one basis into 114,068 shares of Hilltop Non-Cumulative Perpetual Preferred Stock, Series B (“Hilltop Series B Preferred Stock”). The terms of the Hilltop Series B Preferred Stock provide for the payment of non-cumulative dividends on a quarterly basis. The dividend rate, as a percentage of the liquidation amount, fluctuated until December 31, 2013 based upon changes in the level of “qualified small business lending” (“QSBL”) by the Bank. The shares of Hilltop Series B Preferred Stock are senior to shares of Hilltop common stock with respect to dividends and liquidation preference, and qualify as Tier 1 Capital for regulatory purposes. At December 31, 2014, $114.1 million of Hilltop Series B Preferred Stock was outstanding. The dividend rate on the Hilltop Series B Preferred Stock had been fixed at 5.0% since January 1, 2014, based upon the level of QSBL at September 30, 2013. On April 28, 2015, a s discussed in Note 13 to the consolidated financial statements, Hilltop used the net proceeds of the offering of Senior Notes to redeem all shares of Hilltop Series B Preferred Stock at an aggregate liquidation value of $114.1 million, plus accrued but unpaid dividends of $0.4 million.

Other Noninterest Income and Ex

Other Noninterest Income and Expense	12 Months Ended
	Dec. 31, 2015
Other Noninterest Income and Expense
Other Noninterest Income and Expense	23. Other Noninterest Income and Expense The following tables show the components of other noninterest income and expense (in thousands). Year Ended December 31, 2015 2014 2013 Other noninterest income: Change in fair value of Hilltop Broker-Dealer derivatives $ $ $ Direct bill fees and insurance service fee income Net gain (loss) from trading securities portfolio Net gain on investment in SWS common stock — — Revenue from check and stored value cards Service charges on depositor accounts Trust fees Other $ $ $ Other noninterest expense: Accounting fees $ $ $ Acquisition costs Amortization of intangible assets Data processing Marketing Other professional services Printing, stationery and supplies Repossession and foreclosure Telecommunications Unreimbursed loan closing costs Other $ $ $

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2015
Derivative Financial Instruments
Derivative Financial Instruments	24. Derivative Financial Instruments The Company uses various derivative financial instruments to mitigate interest rate risk. The Bank’s interest rate risk management strategy involves effectively managing the re-pricing characteristics of certain assets and liabilities to mitigate potential adverse impacts from changes in interest rates on the net interest margin. PrimeLending has interest rate risk relative to IRLCs and its inventory of mortgage loans held for sale. PrimeLending is exposed to such interest rate risk from the time an IRLC is made to an applicant to the time the related mortgage loan is sold. To mitigate interest rate risk, PrimeLending executes forward commitments to sell mortgage-backed securities (“MBSs”). Additionally, PrimeLending has interest rate risk relative to its MSR asset. During the three months ended September 30, 2014, PrimeLending began using derivative instruments, including interest rate swaps and swaptions, to hedge this risk. The Hilltop Broker-Dealers use forward commitments to both purchase and sell MBSs to facilitate customer transactions and as a means to hedge related exposure to interest rate risk in certain inventory positions. Non-Hedging Derivative Instruments and the Fair Value Option As discussed in Note 3 to the consolidated financial statements, the Company has elected to measure substantially all mortgage loans held for sale at fair value under the provisions of the Fair Value Option. The election provides the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without applying complex hedge accounting provisions. The fair values of PrimeLending’s IRLCs, forward commitments, and interest rate swaps and swaptions are recorded in other assets or other liabilities, as appropriate, and changes in the fair values of these derivative instruments are recorded as a component of net gains from sale of loans and other mortgage production income. The fair value of PrimeLending’s derivative instruments increased $17.3 million and $8.2 million during 2015 and 2013, respectively, compared with a decrease of $16.3 million during 2014. Changes in fair value are attributable to changes in the volume of IRLCs, mortgage loans held for sale, commitments to purchase and sell MBSs and MSR assets, and changes in market interest rates. Changes in market interest rates also conversely affect the value of PrimeLending’s mortgage loans held for sale and its MSR asset, which are measured at fair value under the Fair Value Option. The effect of the change in market interest rates on PrimeLending’s loans held for sale and MSR asset is discussed in Note 3 to the consolidated financial statements. The fair values of the Hilltop Broker-Dealers’ derivative instruments are recorded in other assets or other liabilities, as appropriate, and the fair values of the Hilltop Broker-Dealers’ derivatives increased $43.7 million, $16.2 million and $11.4 million during 2015 , 2014 and 2013 , respectively. The changes in fair value were recorded as a component of other noninterest income. Derivative positions are presented in the following table (in thousands). December 31, 2015 December 31, 2014 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments: IRLCs $ $ $ $ Commitments to purchase MBSs Commitments to sell MBSs Interest rate swaps and swaptions PrimeLending has advanced cash collateral totaling $0.8 million and $6.6 million to offset net liability derivative positions on its commitments to sell MBSs at December 31, 2015 and 2014 , respectively. In addition, PrimeLending advanced cash collateral totaling $6.4 million and $3.3 mi llion in initial margin on its interest rate swaps and swaptions at December 31, 2015 and 2014 , respectively. These amounts are included in other assets within the consolidated balance sheets.

Balance Sheet Offsetting

Balance Sheet Offsetting	12 Months Ended
	Dec. 31, 2015
Balance Sheet Offsetting
Balance Sheet Offsetting	25. Balance Sheet Offsetting Certain financial instruments, including resale and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Assets Cash of Recognized Offset in the Presented in the Financial Collateral Net Assets Balance Sheet Balance Sheet Instruments Pledged Amount December 31, 2015 Securities borrowed: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — Reverse repurchase agreements: Institutional counterparties — — Forward MBS derivatives: Institutional counterparties — — — $ $ $ $ $ — $ December 31, 2014 Securities borrowed: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — — Forward MBS derivatives: Institutional counterparties — — — $ $ — $ $ $ — $ Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Liabilities Cash of Recognized Offset in the Presented in the Financial Collateral Net Liabilities Balance Sheet Balance Sheet Instruments Pledged Amount December 31, 2015 Securities loaned: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — Repurchase agreements: Institutional counterparties — — — Customer counterparties — — — Forward MBS derivatives: Institutional counterparties — $ $ $ $ $ — $ December 31, 2014 Securities loaned: Institutional counterparties $ $ — $ $ $ — $ — Repurchase agreements: Customer counterparties — — — Forward MBS derivatives: Institutional counterparties — $ $ $ $ $ $ Secured Borrowing Arrangements Secured Borrowings (Repurchase Agreements) — The Company participates in transactions involving securities sold under repurchase agreements, which are secured borrowings and generally mature within one to thirty days from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transactions. The Company may be required to provide additional collateral based on the fair value of the underlying securities, which is monitored on a daily basis. Securities Lending Activities — The Company’s securities lending activities include lending securities for other broker-dealers, lending institutions and its own clearing and retail operations. These activities involve lending securities to other broker-dealers to cover short sales, to complete transactions in which there has been a failure to deliver securities by the required settlement date and as a conduit for financing activities. When lending securities, the Company receives cash or similar collateral and generally pays interest (based on the amount of cash deposited) to the other party to the transaction. Securities lending transactions are executed pursuant to written agreements with counterparties that generally require securities loaned to be marked-to-market on a daily basis. The Company receives collateral in the form of cash in an amount generally in excess of the fair value of securities loaned. The Company monitors the fair value of securities loaned on a daily basis, with additional collateral obtained or refunded, as necessary. Collateral adjustments are made on a daily basis through the facilities of various clearinghouses. The Company is a principal in these securities lending transactions and is liable for losses in the event of a failure of any other party to honor its contractual obligation. Management sets credit limits with each counterparty and reviews these limits regularly to monitor the risk level with each counterparty. The Company is subject to credit risk through its securities lending activities if securities prices decline rapidly because the value of the Company’s collateral could fall below the amount of the indebtedness it secures. In rapidly appreciating markets, credit risk increases due to short positions. The Company’s securities lending business subjects the Company to credit risk if a counterparty fails to perform or if collateral securing its obligations is insufficient. In securities transactions, the Company is subject to credit risk during the period between the execution of a trade and the settlement by the customer. The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both December 31, 2015 or 2014 . Remaining Contractual Maturities Overnight and Greater Than December 31, 2015 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ $ $ — $ — $ Securities lending transactions: U.S. Treasury and agency securities — — — Corporate securities — — — Equity securities — — — Total $ $ $ — $ — $ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ Amount related to agreements not included in offsetting disclosure above $ — Remaining Contractual Maturities Overnight and Greater Than December 31, 2014 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ $ — $ — $ — $ Securities lending transactions: U.S. Treasury and agency securities — — — Corporate securities — — — Equity securities — — — Total $ $ — $ — $ — $ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ Amount related to agreements not included in offsetting disclosure above $ —

Broker-Dealer and Clearing Orga

Broker-Dealer and Clearing Organization Receivables and Payables	12 Months Ended
	Dec. 31, 2015
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	26. Broker-Dealer and Clearing Organization Receivables and Payables Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). December 31, 2015 2014 Receivables: Securities borrowed $ $ Securities failed to deliver Clearing organizations Trades in process of settlement, net — Other $ $ Payables: Securities loaned $ $ Correspondents Securities failed to receive Clearing organizations $ $

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2015
Deferred Policy Acquisition Costs.
Deferred Policy Acquisition Costs	27. Deferred Policy Acquisition Costs Policy acquisition expenses, primarily commissions, premium taxes and underwriting expenses related to the successful issuance of a new or renewal policy incurred by NLC are deferred and charged against income ratably over the terms of the related policies. A summary of the activity in deferred policy acquisition costs is as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Acquisition expenses capitalized Amortization charged to income Balance, end of year $ $ $ Amortization is included in policy acquisition and other underwriting expenses in the accompanying consolidated statements of operations.

Reserves for Losses and Loss Ad

Reserves for Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2015
Reserves for Losses and Loss Adjustment Expenses
Reserve for Losses and Loss Adjustment Expenses	28. Reserve for Losses and Loss Adjustment Expenses A rollforward of NLC’s reserve for unpaid losses and LAE, as included in other liabilities within the consolidated balance sheets, is as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Less reinsurance recoverables Net balance, beginning of year Incurred related to: Current year Prior years Total incurred Payments related to: Current year Prior years Total payments Net balance, end of year Plus reinsurance recoverables Balance, end of year $ $ $ The increase in the NLC’s reserves at December 31, 2015 as compared with December 31, 2014 of $14.6 million is primarily due to increased reserves attributable to an increase in frequency and severity of severe weather events in NLC’s geographic coverage area as well as additional reinsurance recoverables associated with the increase in reserves . T he prior period adverse development of $5.5 million and $7.8 million during 2015 and 2014 was primarily related to litigation emerging from a series of hail storms within the 2012 through 2014 accident years.

Reinsurance Activity

Reinsurance Activity	12 Months Ended
	Dec. 31, 2015
Reinsurance Activity.
Reinsurance Activity	29. Reinsurance Activity NLC limits the maximum net loss that can arise from large risks or risks in concentrated areas of exposure by reinsuring (ceding) certain levels of risk. Substantial amounts of business are ceded, and these reinsurance contracts do not relieve NLC from its obligations to policyholders. Such reinsurance includes quota share, excess of loss, catastrophe, and other forms of reinsurance on essentially all property and casualty lines of insurance. Net insurance premiums earned, losses and LAE and policy acquisition and other underwriting expenses are reported net of the amounts related to reinsurance ceded to other companies. Amounts recoverable from reinsurers related to the portions of the liability for losses and LAE and unearned insurance premiums ceded to them are reported as assets. Failure of reinsurers to honor their obligations could result in losses to NLC; consequently, allowances are established for amounts deemed uncollectible as NLC evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its expos ure to significant losses from reinsurer insolvencies. At December 31, 2015 , reinsurance receivables have a carrying value of $16.9 million, which is included in other assets within the consolidated balance sheet. There was no allowance for uncollectible accounts at December 31, 2015 , based on NLC’s quality requirements. Reinsurers with a balance in excess of 5% of the Company’s outstanding reinsurance receivables at December 31, 2015 are listed below (in thousands). Balances Due From A.M. Best Reinsurers Rating Federal Emergency Management Agency $ N/A Aspen Bermuda A Partner Reinsurance Co. N/A Everest Re A+ Lloyd's Syndicate #2791 A Lloyd's Syndicate #2001 A+ $ The effects of reinsurance on premiums written and earned are summarized as follows (in thousands). Year Ended December 31, 2015 2014 2013 Written Earned Written Earned Written Earned Premiums from direct business $ $ $ $ $ $ Reinsurance assumed Reinsurance ceded Net premiums $ $ $ $ $ $ The effects of reinsurance on incurred losses are as follows (in thousands). Year Ended December 31, 2015 2014 2013 Loss and LAE incurred $ $ $ Reinsurance recoverables Net loss and LAE incurred $ $ $ Multi-line excess of loss coverage In addition to the catastrophe reinsurance noted below, both NLIC and ASIC participate in an excess of loss program placed with various reinsurers. This program is limited to each risk with respect to property and liability in the amount of $500,000 for each of NLIC and ASIC. Each of NLIC and ASIC retain $500,000 in this program. Catastrophic coverage NLC’s liabilities for losses and LAE include liabilities for reported losses, liabilities for IBNR losses and liabilities for LAE less a reduction for reinsurance recoverables related to those liabilities. The amount of liabilities for reported claims is based primarily on a claim-by-claim evaluation of coverage, liability, injury severity or scope of property damage, and any other information considered relevant to estimating exposure presented by the claim. The amounts of liabilities for IBNR losses and LAE are estimated on the basis of historical trends, adjusted for changes in loss costs, underwriting standards, policy provisions, product mix and other factors. Estimating the liability for unpaid losses and LAE is inherently judgmental and is influenced by factors that are subject to significant variation. Liabilities for LAE are intended to cover the ultimate cost of settling claims, including investigation and defense of lawsuits resulting from such claims. Based upon the contractual terms of the reinsurance agreements, reinsurance recoverables offset, in part, NLC’s gross liabilities. Effective July 1, 2015 , NLC renewed its catastrophic excess of loss reinsurance coverage f or a two year period. At December 31, 2015 , NLC had catastrophic excess of loss reinsurance coverage of losses per event in excess of $8 million retention by NLIC and $1.5 million retention by ASIC. ASIC maintained an underlying layer of coverage, providing $6.5 million in excess of its $1.5 million retention to bridge to the primary program. The reinsurance in excess of $8 million is comprised of four layers of protection: $17 million in excess of $8 million retention; $25 million in excess of $25 million loss; $25 million in excess of $50 million loss and $50 million in excess of $75 million loss. NLIC and ASIC retain no participation in any of the layers, beyond the first $8 million and $1.5 million, respectively. At December 31, 2014, total retention for any one catastrophe that affects both NLIC and ASIC was limited to $8 million in the aggregate. Effective July 1, 2013, NLC renewed its catastrophic reinsurance contract for its third and fourth layers of reinsurance for a two year period. In the contract renewal, the coverage provided by the fourth layer changed to reflect the reduction of exposure in Texas primarily as a result of NLIC exiting the Texas coast and reducing its exposure in Harris County, Texas. The coverage provides $40 million in excess of $100 million loss, resulting in catastrophic excess of loss reinsurance coverage up to $140 million. Effective January 1, 2014, NLC renewed its reinsurance contract for its first and second layers of reinsurance for an eighteen month period. Effective January 1, 2016, NLC renewed its underlying excess o f loss contract that provides $10.0 million aggregate coverage in excess of NLC’s per event retention and aggregate retention for sub-catastrophic events. NLC retains no participation beyond the first $1 million, down from 9% participatio n in this coverage during 2015. During 2015 and 2014, NLC experien ced no significant catastrophes that resulted in losses in excess of retention at NLIC, compared to two significant catastrophes during 2013 . NLC did not experience a ny significant catastrophe that resulted in losses in excess of retention at ASIC during 2015 , 2014 or 2013 . There were 11 tornado, hail and wind storms during 2015 that fit the coverage criteria for the underlying excess of loss contract providin g aggregate coverage for sub-catastrophic events. These events had a gross incurred loss total of $35.3 million, which develop ed a reinsured recoverable of $9.1 million at the 91% subscripti on level. During 2014 , t he eight t ornado, hail and wind storms that exceeded retention had incurred losses of $21.7 million, which developed a reinsured recoverable of $1.8 million at th e 66% su bscription level. The two tornado, hail and wind storms that exceeded retention in 2013 had incurred losses of $18.3 million. These losses have no effect on net loss and LAE incurred beyond retention because the catastrophic events exceeded retention levels and are fully recoverable. The primary financial effect beyond the reinsurance retention is additional reinstatement premium payable to the affected reinsurers. Reinstatement premiums during 2015 , 2014 and 2013 of $0.2 million, $0.2 m illion and $0.3 million, respectively, were recorded as ceded premiums.

Segment and Related Information

Segment and Related Information	12 Months Ended
	Dec. 31, 2015
Segment and Related Information
Segment and Related Information	30. Segment and Related Information The Company currently has four reportable business segments that are organized primarily by the core products offered to the segments’ respective customers. These segments reflect the manner in which operations are managed and the criteria used by the Company’s chief operating decision maker function to evaluate segment performance, develop strategy and allocate resources. The chief operating decision maker function consists of the President and Chief Executive Officer of the Company and the Chief Executive Officer of PlainsCapital. The banking segment includes the operations of the Bank and, since January 1, 2015, the operations of the former SWS FSB acquired in the SWS Merger. The broker-dealer segment includes the operations of First Southwest and, since January 1, 2015, the broker-dealer operations acquired in the SWS Merger. The mortgage origination segment is composed of PrimeLending, while the insurance segment is composed of NLC. C orporate includes certain activities not allocated to specific business segments. These activities include holding company financing and investing activities, and management and administrative services to support the overall operations of the Company including, but not limited to, certain executive management, corporate relations, legal, finance and acquisition costs. Balance sheet amounts not discussed previously and the elimination of intercompany transactions are included in “All Other and Eliminations.” The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). Mortgage All Other and Hilltop Year Ended December 31, 2015 Banking Broker-Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ $ Mortgage All Other and Hilltop Year Ended December 31, 2014 Banking Broker ‑ Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ $ Mortgage All Other and Hilltop Year Ended December 31, 2013 Banking Broker-Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income — Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ — $ December 31, 2015 Goodwill $ $ $ $ $ — $ — $ Total assets $ $ $ $ $ $ $ December 31, 2014 Goodwill $ $ $ $ $ — $ — $ Total assets $ $ $ $ $ $ $

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2015
Earnings per Common Share
Earnings per Common Share	31. Earnings per Common Share The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). Year Ended December 31, 2015 2014 2013 Basic earnings per share: Income applicable to Hilltop common stockholders $ $ $ Less: income applicable to participating shares Net earnings available to Hilltop common stockholders $ $ $ Weighted average shares outstanding - basic Basic earnings per common share $ $ $ Diluted earnings per share: Income applicable to Hilltop common stockholders $ $ $ Add: interest expense on Exchangeable Notes (net of tax) — — Net earnings available to Hilltop common stockholders Weighted average shares outstanding - basic Effect of potentially dilutive securities Weighted average shares outstanding - diluted Diluted earnings per common share $ $ $

Condensed Financial Statements

Condensed Financial Statements of Parent	12 Months Ended
	Dec. 31, 2015
Condensed Financial Statements of Parent
Condensed Financial Statements of Parent	32. Condensed Financial Statements of Parent Condensed financial statements of Hilltop (parent only) follow (in thousands). Investments in subsidiaries are determined using the equity method of accounting. Condensed Statements of Operations and Comprehensive Income Year Ended December 31, 2015 2014 2013 Investment income $ $ $ Interest expense — Net gain on investment in SWS common stock — — Bargain purchase gain — — General and administrative expense Income (loss) before income taxes, equity in undistributed earnings of subsidiaries and preferred stock activity Income tax benefit Equity in undistributed earnings of subsidiaries Net income $ $ $ Other comprehensive income (loss), net Comprehensive income $ $ $ Condensed Balance Sheets December 31, 2015 2014 2013 Assets: Cash and cash equivalents $ $ $ Securities, available for sale — — Investment in subsidiaries Investment in SWS common stock — — Other assets Total assets $ $ $ Liabilities and Stockholders’ Equity: Accounts payable and accrued expenses $ $ $ Notes payable — — Stockholders’ equity Total liabilities and stockholders’ equity $ $ $ Condensed Statements of Cash Flows Year Ended December 31, 2015 2014 2013 Operating Activities: Net income $ $ $ Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of subsidiaries Bargain purchase gain — — Deferred income taxes Net gain on investment in SWS common stock — — Loss on redemption of senior exchangeable notes — — Other, net Net cash provided by (used in) operating activities Investing Activities: Advance to subsidiary — — Capital contribution to subsidiary — — Cash paid for acquisition — — Other, net — — Net cash used in investing activities Financing Activities: Payments to repurchase common stock — — Proceeds from issuance of notes payable — — Redemption of senior exchangeable notes — — Dividends paid on preferred stock Redemption of preferred stock — — Other, net — Net cash provided by (used in) financing activities Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year $ $ $ Supplemental Schedule of Non-Cash Activities: Common stock issued in acquisition $ $ — $ — Conversion of available for sale investment in SWS common stock $ — $ $ — Redemption of senior exchangeable notes for common stock $ — $ — $ During September 2013, Hilltop contributed capital of $35.0 million to the Bank to provide additional capital in connection with the FNB Transaction. As discussed in Note 3 to the consolidated financial statements, Hilltop’s investment in SWS common stock is accounted for under the provisions of the Fair Value Option effective October 2, 2014. Hilltop had previously accounted for its investments in SWS as available for sale securities. Under the Fair Value Option, Hilltop’s investment in SWS common stock is recorded at fair value, with changes in fair value being recorded in other noninterest income within Hilltop’s condensed statement of operations rather than as a component of other comprehensive income. Hilltop’s election to apply the provisions of the Fair Value Option resulted in Hilltop recording those unrealized gains previously associated with its investment in SWS common stock of $7.2 million. For the period from October 3, 2014 through December 31, 2014, the change in fair value of Hilltop’s investment in SWS common stock resulted in a loss of $1.2 million. In the aggregate, Hilltop recorded a $6.0 million net gain in income within Hilltop’s condensed statement of operations during 2014.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2015
Recently Issued Accounting Standards
Recently Issued Accounting Standards	33. Recently Issued Accounting Standards In January 2016, FASB issued Accounting Standards Update (“ASU”) 2016-01 related to financial instru ments . This pronouncement requires that most equity investments be measured at fair value, with subsequent changes in fair value recognized in net income. The pronouncement also impacts financial liabilities under the Fair Value O ption and the presentation and disclosure requirements for financial instruments. The amendment is effective for annual periods, and interim periods within those fiscal periods, beginning after December 15, 201 7 . The Company is currently evaluating the provisions of the amendment and the impact on its future consolidated financial statements . In September 2015, FASB issue d ASU 2015-16 as part of its initiative to reduce complexity in accounting standards and eliminate the requirement to restate prior period financial statements for measurement period adjustments following a business combination. The amendment requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The prior period impact of the adjustment should be either presented separately on the face of the income statement or disclosed in the notes. The amendment is effective for annual periods and interim reporting periods within those annual periods, beginning after D ecember 15, 2015, with earlier application permitted for financial statements that have not been issued. The Company elected to early adopt the provisions of this amendment beginning with the three months ended December 31, 2015. Ado ption of the amendment did not have a significant effect on the Company’s future consolidated financial statements. In June 2015, FASB issued ASU 2015-10 to clarify the codification, correct unintended application of guidance, eliminate inconsistencies, and to improve the codification’s presentation of guidance for a wide range of topics in the codification. Transition guidance varies based on the amendments included. The amendments that require transition guidance are effective for annual periods, and interim periods within those fiscal periods, beginning after December 15, 2015. All other amendments w ere effective upon the issuance , including the C ompany ’s adopt ion of the amendment related to a clarification of the disclosure requirements for nonrecurring fair value measurements made during the period. The Company adopted the amendments requiring transition guidance as of January 1, 2016 and does not expect the amendment to have a significant effect on its future consolidated financial statements. In May 2015, the FASB issued ASU 2015-09 requiring enhanced disclosures for insurers relating to short-duration insurance contract claims and the unpaid claims liability rollforward for long and short-duration contracts. The amendment is effective for annual periods beginning after December 15, 2015 and interim reporting periods thereafter. Early adoption is permitted. Adoption of the amendment is not expected to have a significant effect on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 to simplify presentation of debt issuance costs to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by this amendment. The amendment is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2015 using the retrospective method of adoption. As permitted within the amendment, the Company elected to early adopt the provisions of this amendment beginning with the three months ended June 30, 2015 . Adoption of the amendment resulted in unamortized debt issuance costs of $1.9 million in connection with Hilltop’s issuance of the 5% senior notes due 2025 on April 9, 2015 being presented in the consolidated balance sheet at June 30, 2015 as a reduction from the $150.0 million aggregate principal amount. In February 2015, the FASB issued ASU 2015-02 to modify the analysis that companies must perform in order to determine whether a legal entity should be consolidated. ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (i) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities, (ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidated analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships and (iv) provide a scope exception for certain entities. The amendment is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2015. The Company adopted the amendment as of January 1, 2016 and does not expect the amendment to have a significant effect on its future consolidated financial statements. In January 2015, the FASB issued ASU 2015-01 as part of its initiative to reduce complexity in accounting standards. This amendment eliminates the concept of extraordinary items. The amendment is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2015 and may be adopted using either a full retrospective transition method or a prospective transition method. The Company adopted the amendment as of January 1, 2016 using the prospective transition method and does not expect the amendment to have a significant effect on its future consolidated financial statements. In May 2014, the FASB issued ASU 2014-09 which clarifies the principles for recognizing revenue from contracts with customers. The amendment outlines a single comprehensive model for entities to depict the transfer of goods or services to customers in amounts that reflect the payment to which a company expects to be entitled in exchange for those goods or services. The amendment also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The amendment was initially scheduled to be effective for the Company no earlier than the first quarter of 2017, however, in July 2015, the FASB issued ASU 2015-14 which defer red the effective date by one year. Therefore, the amendment is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017 and may be adopted using either a full retrospective transition method or a modified retrospective transition method. Early adoption is permitted no earlier than the first quarter of 2017. The Company is currently evaluating the provisions of the amendment and the impact on its future consolidated financial statements .

Selected Quarterly Financial In

Selected Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited)	34 . Selected Quarterly Financial Information (Unaudited) Selected quarterly financial information is summarized as follows (in thousands, except per share data). Year Ended December 31, 2015 Fourth Third Second First Full Quarter Quarter Quarter Quarter Year Interest income $ $ $ $ $ Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before income taxes Income tax expense Net income Less: Net income attributable to noncontrolling interest Income attributable to Hilltop $ $ $ $ $ Dividends on preferred stock — — Income applicable to Hilltop common stockholders $ $ $ $ $ Earnings per common share: Basic $ $ $ $ $ Diluted $ $ $ $ $ Year Ended December 31, 2014 Fourth Third Second First Full Quarter Quarter Quarter Quarter Year Interest income $ $ $ $ $ Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before income taxes Income tax expense Net income Less: Net income attributable to noncontrolling interest Income attributable to Hilltop $ $ $ $ $ Dividends on preferred stock Income applicable to Hilltop common stockholders $ $ $ $ $ Earnings per common share: Basic $ $ $ $ $ Diluted $ $ $ $ $

Summary of Significant Accoun43

Summary of Significant Accounting and Reporting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting and Reporting Policies
Nature of Operations	Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the “Bank”). In addition, the Company provides an array of financial products and services through its broker-dealer, mortgage origination and insurance subsidiaries. The Company provides its products and services through three primary operating subsidiaries, PlainsCapital Corporation (“PlainsCapital”), Hilltop Securities Holdings LLC (“Securities Holdings”) and National Lloyds Corporation (“NLC”). PlainsCapital is a financial holding company, headquartered in Dallas, Texas, that provides, through its subsidiaries, traditional banking and wealth , investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company, headquartered in Dallas, Texas, that provides, through its subsidiaries, investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services throughout the United States. NLC is a property and casualty insurance holding company, headquartered in Waco, Texas, that provides, through its subsidiaries, fire and homeowners insurance to low value dwellings and manufactured homes primarily in Texas and other areas of the southern United States. On January 1, 2015, Hilltop completed its acquisition of SWS Group, Inc. (“SWS”) in a stock and cash transaction (the "SWS Merger"), whereby SWS’s broker-dealer subsidiaries, Southwest Securities, Inc. and SWS Financial Services, Inc., became subsidiaries of Securities Holdings, and SWS’s banking subsidiary, Southwest Securities, FSB (“SWS FSB”), was merged into the Bank. As a result of the SWS Merger, each outstanding share of SWS common stock was converted into the right to receive 0.2496 shares of Hilltop common stock and $1.94 in cash, equating to $6.92 per share based on Hilltop’s closing price on December 31, 2014 and resulting in an aggregate purchase price of $349.1 million, consisting of 10.1 million shares of common stock, $78.2 million in cash and $70.3 million associated with Hilltop’s existing investment in SWS common stock. On October 5, 2015, Southwest Securities, Inc. and SWS Financial Services, Inc. were renamed “Hilltop Securities Inc.” (“Hilltop Securities”) and “Hilltop Securities Independent Network Inc.” (“HTS Independent Network”), respectively.
Basis of Presentation	Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for loan losses, the fair values of financial instruments, the amounts receivable from the Federal Deposit Insurance Corporation (the “FDIC”) under the loss-share agreements (“FDIC Indemnification Asset”), reserves for losses and loss adjustment expenses (“LAE”) , the mortgage loan indemnification liability, and the potential impairment of assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Hilltop owns 100% of the outstanding stock of PlainsCapital. PlainsCapital owns 100% of the outstanding stock of the Bank and 100% of the membership interest in PlainsCapital Equity, LLC. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”) and has a 100% membership interest in PlainsCapital Securities, LLC. PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC, the controlling and sole managing member of PrimeLending Ventures, LLC (“Ventures”). PlainsCapital also owns 100% of the outstanding common securities of PCC Statutory Trusts I, II, III and IV (the “Trusts”), which are not included in the consolidated financial statements under the requirements of the Variable Interest Entities Subsections of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), because the primary beneficiaries of the Trusts are not within the consolidated group. Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly-owned subsidiaries, First Southwest Holdings, LLC (“First Southwest”), Hilltop Securities and HTS Independent Network. The principal subsidiaries of First Southwest as of December 31, 2015 were First Southwest Company, LLC (“FSC”), a broker-dealer registered with the SEC and the Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”), and First Southwest Asset Management, LLC, a registered investment advisor under the Investment Advisors Act of 1940. Hilltop Securities is a broker-dealer registered with the SEC and FINRA and a member of the NYSE, and HTS Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop also owns 100% of NLC, which operates through its wholly owned subsidiaries, National Lloyds Insurance Company (“NLIC”) and American Summit Insurance Company (“ASIC”). The consolidated financial statements include the accounts of the above-named entities. I ntercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. The operations acquired in the SWS Merger were included in the Company’s operating results beginning January 1, 2015 and such operations included a preliminary bargain purchase gain of $82.8 million as disclosed in the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 6, 2015. In accordance with the Business Combinations Topic of the ASC, during the quarter ended June 30, 2015, the estimated fair value of the customer relationship intangible asset acquired as of January 1, 2015 was adjusted downward as a result of management’s review and approval of certain key assumptions that existed as of January 1, 2015. Additionally, during the quarter ended September 30, 2015, the estimated fair value of deferred tax assets acquired as of January 1, 2015 was adjusted upward as a result of management’s review and filing of SWS’s consolidated federal tax return for the year ended December 31, 2014. Th ese changes are reflected in the consolidated statements of operations within noninterest income during the nine months ended September 30, 2015 . In the aggregate, the se adjustments to the preliminary bargain purchase gain decreased net income for the three months ended March 31, 2015 by $1.5 million as compared with amounts previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. Additionally, certain amounts previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 within the consolidated balance sheet as of March 31, 2015, and the related statements of comprehensive income, stockholders’ equity and cash flows for the three months ended March 31, 2015, as well as the notes to the consolidated financial statements, will be revised in future filings. Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation.
Acquisition Accounting	Acquisition Accounting Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a “bargain purchase gain” is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized.
Securities Purchased Under Agreements to Resell	Securities Purchased Under Agreements to Resell Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts.
Securities	Securities Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Transfers between categories from these reassessments are rare. Securities held for resale to facilitate principal transactions with customers are classified as trading, and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Hilltop reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. Securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, resultant prepayment risk, and other factors related to interest rate and resultant prepayment risk changes. Securities available for sale are carried at fair value. Unrealized holding gains and losses on securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and consider any optionality that may be embedded in the security. Purchases and sales (and related gain or loss) of securities are recorded on the trade date, based on specific identification. 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 to the extent the other-than-temporary impairment (“OTTI”) is related to credit losses. The amount of the OTTI related to other factors is recognized in other comprehensive income (loss). In estimating OTTI, management considers in developing its best estimate of cash flows, 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, (iii) the historic and implied volatility of the security, (iv) failure of the issuer to make scheduled interest payments and (v) changes to the rating of the security by a rating agency.
Loans Held for Sale	Loans Held for Sale Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet for no more than 30 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, the majority with servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of t he Fair Value Option Subsections of the ASC ( the “Fair Value Option”) . Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In ad dition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject t o repurchase by PrimeLending. Such loans subject to repurchase no longer qualify for sale accounting and are reported as loans held for sale in the consolidated balance sheets.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for loan losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. Impaired loans include non-accrual loans, troubled debt restructurings, p urchased credit impaired (“PCI”) loans and partially charged-off loans. The accrual of interest on impaired loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection . When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. If the ultimate collectability of principal, wholly or partially, is in doubt, any payment received on a loan on which the accrual of interest has been suspended is applied to reduce principal to the extent necessary to eliminate such doubt. Once the collection of the remaining recorded loan balance is fully expected, interest income is recognized on a cash basis. The Bank originates loans to customers primarily in Texas. Although the Bank has diversified loan and leasing portfolios and, generally, holds collateral against amounts advanced to customers, its debtors’ ability to honor their contracts is substantially dependent upon the general economic conditions of the region and of the industries in which its debtors operate, which consist primarily of agribusiness, construction , energy, real estate and wholesale/retail trade. PrimeLending originates mortgage loans to customers in its offices, which are located throughout the United States. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, the majority with servicing released, although PrimeLending does retain servicing in certain circumstances. FSC , Hilltop Sec urities and HTS Independent Network (collectively, the “Hilltop Broker-Dealers”) make loans to customers and correspondents through margin transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control or controlled risk by requiring customers to maintain margin collateral in compliance with various re gulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for margin loans are not included in the consolidated financial statements. Management has defined the loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for loan losses. Acquired loans were segregated between those considered to be credit impaired and those without credit impairment at acquisition. To make this determination, management considered such factors as past due status, nonaccrual status and credit risk ratings. The fair value of acquired performing loans was determined by discounting expected cash flows, both principal and interest, at prevailing market interest rates. The difference between the fair value and principal balances due at acquisition date, the fair value discount, is accreted into income over the estimated life of each loan. PCI loans acquired in the PlainsCapital Merger are accounted for on an individual loan basis, while PCI loans acquired in each of the FNB Transaction (defined hereinafter) and SWS Merger are accounted for in pools as well as on an individual loan basis. The Company has established under its PCI accounting policy a framework to aggregate certain acquired loans into various loan pools based on a minimum of two layers of common risk characteristics for the purpose of determining their respective fair values as of their acquisition dates, and for applying the subsequent recognition and measurement provisions for income accretion and impairment testing. The common risk characteristics used for the pooling of the First National Bank (“FNB”) and SWS PCI loans are risk grade and loan collateral type. PCI loans showed evidence of credit deterioration that makes it probable that all contractually required principal and interest payments will not be collected. Their fair value was initially based on an estimate of cash flows, both principal and interest, expected to be collected, discounted at prevailing market rates of interest. Management estimated cash flows using key assumptions such as default rates, loss severity rates assuming default, prepayment speeds and estimated collateral values. The excess of cash flows expected to be collected from a loan or pool over its estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the loan or pool. Subsequent to acquisition, management must update these estimates of cash flows expected to be collected at each reporting date. These updates require the continued use of key assumptions and estimates, similar to those used in the initial estimate of fair value. The Bank accretes the discount for PCI loans for which it can predict the timing and amount of cash flows. PCI loans for which a discount is accreted are considered performing.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses inherent in the existing portfolio of loans at the balance sheet date. The allowance for loan losses includes allowance allocations calculated in accordance with the Interagency Policy Statement on the Allowance for Loan and Lease Losses and the Receivables and Contingencies Topics of the ASC . T he level of the allowance reflects management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions, and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. While management utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Bank’s control, including the performance of the Bank’s loan portfolio, the economy and changes in interest rates. The Bank’s allowance for loan losses consists of three elements: (i) specific valuation allowances established for probable losses on impaired loans; (ii) general historical valuation allowances calculated based on historical loan loss experience for homogenous loans with similar collateral; and (iii) valuation allowances to adjust general reserves based on recent economic conditions and other qualitative risk factors both internal and external to the Bank. The Bank’s methodology regarding the calculation of the allowance for loan losses is discussed in more detail within Note 5 to the consolidated financial statements.
Assets Segregated for Regulatory Purposes	Under certain conditions, the Hilltop Broker-Dealers may be required to segregate cash and securities in a special reserve account for the benefit of customers under Rule 15c3-3 promulgated under the Exchange Act. Assets segregated under the provisions of the Exchange Act are not available for general corporate purposes. At December 31, 2015 and 2014 , the Hilltop Broker-Dealers held cash of $158.6 million and $76.0 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash or securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at December 31, 2015 and 2014. The fair values of these segregated assets included in special reserve accounts were determined using Level 1 inputs.
Broker-Dealer and Clearing Organization Transactions	Broker-Dealer and Clearing Organization Transactions Amounts recorded in broker-dealer and clearing organization receivables and payables include securities lending activities, as well as amounts related to securities transactions for either customers of the Hilltop Broker-Dealers or for the account of the Hilltop Broker-Dealers. Securities-borrowed and securities-loaned transactions are generally reported as collateralized financings. Securities-borrowed transactions require the Hilltop Broker-Dealers to deposit cash, letters of credit, or other collateral with the lender. With respect to securities loaned, the Hilltop Broker-Dealers receive collateral in the form of cash or other assets in an amount generally in excess of the market value of securities loaned. The Hilltop Broker-Dealers monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Interest income and interest expense associated with collateralized financings is included in the accompanying consolidated statements of operations.
Insurance Premiums Receivable	Insurance Premiums Receivable Insurance premiums receivable include premiums written and not yet collected. NLC routinely evaluates the receivable balance to determine if an allowance for uncollectible amounts is necessary. At December 31, 2015 and 2014 , NLC determined that no valuation allowance was necessary.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Costs of acquiring insurance vary with , and are primarily related to , the successful acquisition of new and renewal business, primarily consisting of commissions, premium taxes and underwriting expenses, and are deferred and amortized over the terms of the policies or reinsurance treaties to which they relate. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense in proportion to net revenue recognized. Future investment income is considered in determining the recoverability of deferred policy acquisition costs. NLC regularly reviews the categories of acquisition costs that are deferred and assesses the recoverability of this asset. A premium deficiency and a corresponding charge to income is recognized if the sum of the expected loss and LAE , unamortized policy acquisition costs, and maintenance costs exceed related unearned insurance premiums and anticipated investment income. At December 31, 2015 and 2014 , there was no premium deficiency.
Reinsurance	Reinsurance In the normal course of business, NLC seeks to reduce the loss that may arise from catastrophes or other events that could cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with other insurance enterprises or reinsurers. Amounts recoverable from reinsurers are estimated in a manner consistent with the reinsured policy. NLC routinely evaluates the receivable balance to determine if any uncollectible balances exist. Net insurance premiums earned, losses and LAE , and policy acquisition and other underwriting expenses are reported net of the amounts related to reinsurance ceded to other companies. Amounts recoverable from reinsurers related to the portions of the liability for losses and LAE and unearned insurance premiums ceded to them are included in other assets within the consolidated balance sheets. Reinsurance assumed from other companies, including assumed premiums written and earned, and losses and LAE, is accounted for in the same manner as direct insurance written.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization computed principally on the straight-line method over the estimated useful lives of the assets, which range betw een 3 and 40 years. G ains or losses on disposals of premises and equipment are included in results of operations.
Other Real Estate Owned	Other Real Estate Owned Real estate acquired through foreclosure (“OREO”) is included in other assets within the consolidated balance sheets and is carried at management’s estimate of fair value, less estimated cost to sell . Any excess of recorded investment over fair value, less cost to sell, is charged against either the allowance for loan losses or the related PCI pool discount when property is initially transferred to OREO. Subsequent to the initial transfer to OREO, downward valuation adjustments are charged against earnings . Valuation adjustments, revenue and expenses from operations of the properties and resulting gains or losses on sale are included in other noninterest expense within the consolidated statements of operations. Acquired OREO subject to FDIC loss-share agreements is referred to as “covered OREO” and reported separately in the consolidated balance sheets. Covered OREO is reported exclusive of expected reimbursement cash flows from the FDIC. Foreclosed covered loan collateral is transferred into covered OREO at the collateral’s fair value, less selling costs. Covered OREO was initially recorded at its estimated fair value based on similar market comparable valuations, less estimated selling costs. Subsequently, loan collateral transferred to OREO is recorded at its net realizable value. Any subsequent valuation adjustments due to declines in fair value of the covered OREO will be charged to noninterest expense, while a ny recoveries of previous valuation decreases will be credited to noninterest expense.
FDIC Indemnification Asset	FDIC Indemnification Asset The Company has elected to account for the FDIC Indemnification Asset in accordance with FASB ASC 805. The FDIC Indemnification Asset is initially recorded at fair value, based on the discounted value of expected future cash flows under the loss-share agreements. The difference between the present value and the undiscounted cash flows the Company expects to collect from the FDIC will be accreted into noninterest income within the consolidated statements of operations over the life of the FDIC Indemnification Asset. The FDIC Indemnification Asset is reviewed quarterly and the accretion rate is adjusted for changes in the timing of cash flows expected to be collected from the FDIC. Cumulative net losses over the life of the loss-share agreements of less than $240.4 million will reduce the value of the FDIC Indemnification Asset. Any amortization of changes in value of the FDIC Indemnification Asset is limited to the contractual term of the loss-share agreements. Increases and decreases to the FDIC Indemnification Asset are recorded as adjustments to noninterest income within the consolidated statements of operations over the life of the loss-share agreements.
Debt Issuance Costs	Debt Issuance Costs The Company capitalizes debt issuance costs associated with financing of debt. These costs are amortized using the effective interest method over the repayment term of the debt. Unamortized debt issuance costs are presented in the consolidated balance sheets as a reduction from the associated debt liability. Debt issuance costs of $0.4 million and $2.3 million during 2015 and 2013 were amortized and included in interest expense within the consolidated statements of operations. In April 2015, debt issuance costs of $1.9 million were capitalized in connection with Hilltop’s issuance of the 5% senior notes due 2025. In November 2013, the total remaining unamortized balance of $2.1 million related to the 7.5% Senior Exchangeable Notes due 2025 ( the “Exchangeable Notes”) was expensed as a result of the redemption of all outstanding Exchangeable Notes .
Goodwill	Goodwill Goodwill, which represents the excess of cost over the fair value of the net assets acquired, is allocated to reporting units and tested for impairment annually, or whenever events or changes in circumstances indicate that the carrying amount should be assessed. The Company performs required annual impairment tests of its goodwill as of October 1 st for each of its reporting units , which is one level below an operating segment . Goodwill is assigned to reporting units at the date the goodwill is initially recorded. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or internally generated, are available to support the value of the goodwill. Prior to testing goodwill for impairment, the Company has the option to assess on a qualitative basis whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If determined, based on its assessment of qualitative factors that it is more likely than not that fair value of a reporting unit is less than its carrying amount, the Company will proceed to test goodwill for impairment as a part of a two-step process. The first step, used to identify potential impairment, involves comparing each reporting unit’s estimated fair value to its carrying value, including goodwill. If the carrying value exceeds the estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment. The second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. I f the carrying amount of a reporting unit exceeds the implied fair value of the goodwill, an impairment ch arge is recorded for the excess . The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill.
Intangibles and Other Long-Lived Assets	Intangibles and Other Long-Lived Assets Intangible assets are acquired assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company’s intangible assets primarily consist of core deposits, trade names and customer relationships. Intangible assets with definite useful lives are generally amortized on the straight-line method over their estimated lives, although certain intangibles, including core deposits, and customer and agent relationships, are amortized on an accelerated basis. Amortization of intangible assets is recorded in other noninterest expense within the consolidated statements of operations. Intangible assets with indefinite useful lives are tested for impairment annually as of October 1 st , or more often if events or circumstances indicate there may be impairment, and not amortized until their lives are determined to be definite. Intangible assets with definite useful lives, premises and equipment, and other long-lived assets are tested for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value.
Mortgage Servicing Rights	Mortgage Servicing Rights The Company determines its classes of residential mortgage servicing assets based on the asset type being serviced along with the methods used to manage the risk inherent in the servicing assets, which includes the market inputs used to value the servicing assets. The Company measures its servicing assets at fair value and reports changes in fair value through earnings. The retained mortgage servicing rights (“MSR”) asset is measured at fair value as of the date of sale of the related mortgage loan. Subsequent fair va lue measurements of the MSR asset are determined by valuing the projected net servicing cash flows, which are then discounted to estimate fair value using a discounted cash flow model. Assumptions used include market discount rates, a nticipated prepayment speeds, delinquency and foreclosure rates, and ancillary fee income. The model assumptions and the MSR asset fair value estimates are compared to observable trades of similar portfolios as well as to MSR asset broker valuations and industry surveys, as available. The expected life of the loan can vary from management’s estimates due to prepayments by borrowers, especially when rates fall. Prepayments in excess of management’s estimates would negatively impact the recorded value of the MSR asset. The value of the MSR asset is also dependent upon the discount rate used in the model, which is based on current market rates that are reviewed by management on an ongoing basis. A significant increase in the discount rate would reduce the value of the MSR asset.
Derivative Financial Instruments	Derivative Financial Instruments The Company’s hedging policies permit the use of various derivative financial instruments, including forward commitments, and interest rate swaps and swaptions, to manage interest rate risk or to hedge specified assets and liabilities. The Company’s derivative financial instruments also include interest rate lock commitments (“IRLCs”) executed with its customers that allow those customers to obtain a mortgage loan on a future date at an agreed-upon interest rate. The IRLCs, forward commitments, and interest rate swaps and swaptions meet the definition of a derivative under the provisions of the Derivatives and Hedging Topic of the ASC. Derivatives are recorded at fair value in the consolidated balance sheets. To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. If derivative instruments are designated as hedges of fair values, the change in the fair value of both the derivative instrument and the hedged item are inc luded in current earnings. Changes in the fair value of derivatives designated as hedges of cash flows are recorded in other comprehensive income (loss). Actual cash receipts and/or payments and related accruals on derivatives related to hed ges are recorded as adjustments to the line item where the hedged item’s effect on earnings is recorded.
Reserve for Losses and Loss Adjustment Expenses	Reserve for Losses and Loss Adjustment Expenses The liability for losses and LAE includes an amount determined from loss reports and individual cases and an amount, based on past experience, for losses incurred but not reported (“IBNR”) . Such liabilities are based on estimates and, while management believes that the amount is adequate, the ultimate liability may be in excess of or less than the amounts provided. The methods for making such estimates and for establishing the resulting liability are continually reviewed, and any adjustments are reflected in earnings currently. The liability for losses and LAE has not been reduced for reinsurance recoverable.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense for all share-based awards granted is based on the grant date fair value estimated in accordance with the provisions of the Stock Compensation Topic of the ASC. The Company recognizes these compensation costs for only those awards expected to vest over the service period of the award.
Advertising	Advertising Advertising costs are expensed as incurred. Advertising expense tota led $4.6 million, $4.6 m illion and $5.3 million during 2015 , 2014 and 2013 , respectively.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recorded for the estimated future tax effects of the temporary difference between the tax basis and book basis of assets and liabilities reported in the accompanying consolidated balance sheets. The provision for income tax expense or benefit differs from the amounts of income taxes currently payable because certain items of income and expense included in the consolidated financial statements are recognized in different time periods by taxing authorities. Interest and penalties incurred related to tax matters are charged to other interest expense or other noninterest expense, respectively. Benefits from uncertain tax positions are recognized in the consolidated financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority having full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of cumulative benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold are recognized in the reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold are derecognized in the reporting period in which that threshold is no longer met. If the Company were to prevail on all uncertain tax positions, the effect would be a benefit to the Company’s effective tax rate. Due to uncertainties in any tax audit outcome, estimates of the ultimate settlement of unrecognized tax positions may change and the actual tax benefits may differ significantly from the estimate. Deferred tax assets, including net operating loss and tax credit carry forwards, are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that any portion of these tax at tributes will not be realized. Periodic reviews of the carrying amount of deferred tax assets are made when it is more likely than not that all or a portion of a deferred tax asset will not be realized.
Cash Flow Reporting	Cash Flow Reporting For the purpose of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as the amount included in the consolidated balance sheet caption s “Cash and due from banks” and “Federal funds sold”. Cash equivalents have original maturities of three months or less.
Basic and Diluted Net Income Per Share	Basic and Diluted Net Income Per Share Nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are participating securities and are included in the computation of earnings per share pursuant to the two-class method prescribed by the Earnings Per Share Topic of the ASC. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. During 2013, as discussed in Note 20 to the consolidated financial statements, Hilltop issued Restricted Stock Awards which qualify as participating securities. Net earnings, less any preferred dividends accumulated for the period (whether or not declared), is allocated between the common stock and participating securities pursuant to the two-class method. Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period, excluding participating nonvested restricted shares. Diluted earnings per common share is computed in a similar manner, except that first the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares, excluding the participating securities, were issued using the treasury stock method. During 2015 and 2014 , stock options and restricted stock units (“RSUs”) are the only potentially dilutive non-participating instruments issued by Hilltop, while potentially dilutive non-participating instruments during 2013 included stock options, RSUs and the Exchangeable Notes, which were called for redemption during the fourth quarter of 2013. Next, the Company determines and includes in the diluted earnings per common share calculation the more dilutive effect of the participating securities using the treasury stock method or the two-class method. Undistributed losses are not allocated to the nonvested share-based payment awards (the participating securities) under the two-class method as the holders are not contractually obligated to share in the losses of the Company.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2015
Acquisitions
Schedule of pro forma results	Year Ended December 31, 2014 Net interest income $ Other revenues Net income
SWS
Acquisitions
Schedule of components of the consideration paid	The components of the consideration paid are shown in the following table (in thousands). Fair value of consideration paid: Common stock issued $ Cash Fair value of Hilltop’s existing investment in SWS Total consideration paid $
Summary of fair values of the identifiable assets acquired, and liabilities assumed	The resulting fair values of the identifiable assets acquired, and liabilities assumed, acquired in the SWS Merger at January 1, 2015 are summarized in the following table (in thousands). Cash and due from banks $ Federal funds sold and securities purchased under agreements to resell Assets segregated for regulatory purposes Securities Non-covered loans, net Broker-dealer and clearing organization receivables Other assets Total identifiable assets acquired Deposits Broker-dealer and clearing organization payables Short-term borrowings Securities sold, not yet purchased, at fair value Notes payable Other liabilities Total liabilities assumed Bargain purchase gain Less Hilltop existing investment in SWS Net identifiable assets acquired $
Schedule of allocation to intangible assets	The allocation to intangible assets is as follows (in thousands). Estimated Useful Gross Intangible Life (Years) Assets Customer relationships $ Core deposits $
Schedule of loans acquired in business combination	The following table presents details on acquired loans at the acquisition date (in thousands). Loans, excluding PCI Total PCI Loans Loans Loans Commercial and industrial (1) $ $ $ Real estate Construction and land development Consumer — Total $ $ $ (1) Acquired loans include margin loans to customers and correspondents of $269.4 million associated with acquired broker-dealer operations, none of which are PCI loans.
SWS | PCI loans
Acquisitions
Schedule of PCI Loans at acquisition	The following table presents information about the PCI loans at acquisition (in thousands). Contractually required principal and interest payments $ Nonaccretable difference Cash flows expected to be collected Accretable difference Fair value of loans acquired with a deterioration of credit quality $
SWS | Loans excluding PCI Loans
Acquisitions
Schedule of acquired loans without credit impairment	The following table presents information about the acquired loans without credit impairment at acquisition (in thousands). Contractually required principal and interest payments $ Contractual cash flows not expected to be collected Fair value at acquisition
FNB
Acquisitions
Summary of the net assets received from the FDIC and the estimated fair value adjustments resulting in the bargain purchase gain	A summary of the net assets received from the FDIC in the FNB Transaction and the estimated fair value adjustments resulting in the bargain purchase gain are presented below (in thousands). Cost basis net assets on September 13, 2013 $ Cash payment received from the FDIC Fair value adjustments: Securities Loans Premises and equipment Other real estate owned FDIC indemnification asset Other intangible assets Deposits Other Bargain purchase gain $
Summary of fair values of the identifiable assets acquired, and liabilities assumed	The resulting fair values of the identifiable assets acquired, and liabilities assumed, of FNB at September 13, 2013 are summarized in the following table (in thousands). Cash and due from banks $ Securities Non-covered loans Covered loans Premises and equipment FDIC indemnification asset Covered other real estate owned Other assets Other intangible assets Total identifiable assets acquired Deposits Other liabilities Total liabilities assumed Net identifiable assets acquired/bargain purchase gain $
Schedule of loans acquired in business combination	The following table presents details on acquired loans at the Bank Closing Date (in thousands). Loans, excluding PCI Total PCI Loans Loans Loans Commercial and industrial $ $ $ Real estate Construction and land development Consumer Total $ $ $
FNB | PCI loans
Acquisitions
Schedule of PCI Loans at acquisition	The following table presents information about the acquired PCI loans at the Bank Closing Date (in thousands). Contractually required principal and interest payments $ Nonaccretable difference Cash flows expected to be collected Accretable difference Fair value of loans acquired with a deterioration of credit quality $
FNB | Loans excluding PCI Loans
Acquisitions
Schedule of acquired loans without credit impairment	The following table presents information about the acquired loans without credit impairment at the Bank Closing Date (in thousands). Contractually required principal and interest payments $ Contractual cash flows not expected to be collected Fair value at acquisition

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements
Schedule of information regarding financial assets and liabilities measured at fair value on a recurring basis	The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). Level 1 Level 2 Level 3 Total December 31, 2015 Inputs Inputs Inputs Fair Value Trading securities $ $ $ $ Available for sale securities — Loans held for sale — Derivative assets — — MSR asset — — Securities sold, not yet purchased — Derivative liabilities — — Level 1 Level 2 Level 3 Total December 31, 2014 Inputs Inputs Inputs Fair Value Trading securities $ $ $ — $ Available for sale securities — Loans held for sale — Derivative assets — — MSR asset — — Investment in SWS common stock — — Securities sold, not yet purchased — — Derivative liabilities — —
Roll forward for financial instruments measured at fair value using Level 3 inputs	The following table includes a rollforward for those financial instruments measured at fair value using Level 3 inputs (in thousands). Total Gains or Losses (Realized or Unrealized) Balance at Included in Other Beginning of Purchases/ Sales/ Transfers into Included in Comprehensive Balance at Year Additions Reductions Level 3 Net Income Income (Loss) End of Year Year ended December 31, 2015 Trading securities $ — $ $ $ — $ $ — $ Loans held for sale — — MSR asset — — — Total $ $ $ $ — $ $ — $ Year ended December 31, 2014 Available for sale securities $ $ — $ $ — $ $ $ — Loans held for sale — — MSR asset — — Derivative liabilities — — — Total $ $ $ $ — $ $ $ Year ended December 31, 2013 Available for sale securities $ $ — $ — $ — $ $ $ Loans held for sale — — — — — MSR asset — — — Derivative liabilities — — — — Total $ $ $ — $ $ $ $
Schedule of significant unobservable inputs used in the fair value measurements	For Level 3 financial instruments measured at fair value on a recurring basis at December 31, 2015 , the significant unobservable inputs used in the fair value measurements were as follows. Range Financial instrument Valuation Technique Unobservable Input (Weighted-Average) Trading securities Discounted cash flow Discount rate 8 - 17 % ( 10 %) Loans held for sale Discounted cash flow / Market comparable Projected price 93 - 95 % ( 95 %) MSR asset Discounted cash flow Constant prepayment rate % Discount rate %
Schedule of changes in fair value for instruments reported at fair value under the Fair Value Option	The following table presents the changes in fair value for instruments that are reported at fair value under the Fair Value Option (in thousands). Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Other Total Other Total Other Total Net Noninterest Changes in Net Noninterest Changes in Net Noninterest Changes in Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Loans held for sale $ $ — $ $ $ — $ $ $ — $ Investment in SWS common stock — — — — — — — MSR asset — — — Time deposits — — — — — — —
Schedule of significant unobservable inputs weighted average rates on Impaired Loans	At December 31, 2015 , estimates for these significant unobservable inputs were as follows. PCI Loans PlainsCapital FNB SWS Merger Transaction Merger Weighted average default rate % % % Weighted average loss severity rate % % % Weighted average prepayment speed % % %
Schedule of information regarding certain assets and liabilities measured at fair value on a non-recurring basis for which a change in fair value has been recorded during reporting periods subsequent to initial recognition	The following table presents information regarding certain assets and liabilities measured at fair value on a non-recurring basis for which a change in fair value has been recorded during reporting periods subsequent to initial recognition (in thousands). Total Gains (Losses) for the Level 1 Level 2 Level 3 Total Year Ended December 31, December 31, 2015 Inputs Inputs Inputs Fair Value 2015 2014 2013 Non-covered impaired loans $ — $ — $ $ $ $ $ Covered impaired loans — — — Non-covered other real estate owned — — — — Covered other real estate owned — — —
Schedule of carrying values and estimated fair values of financial instruments	The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2015 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ $ $ — $ — $ Securities purchased under agreements to resell — — Assets segregated for regulatory purposes — — Held to maturity securities — — Loans held for sale — — Non-covered loans, net — Covered loans, net — — Broker-dealer and clearing organization receivables — — FDIC indemnification asset — — Other assets — Financial liabilities: Deposits — — Broker-dealer and clearing organization payables — — Short-term borrowings — — Debt — — Other liabilities — — Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2014 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ $ $ — $ — $ Assets segregated for regulatory purposes — — Held to maturity securities — — Loans held for sale — — Non-covered loans, net — Covered loans, net — — Broker-dealer and clearing organization receivables — — FDIC indemnification asset — — Other assets — Financial liabilities: Deposits — — Broker-dealer and clearing organization payables — — Short-term borrowings — — Debt — — Other liabilities — —

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Securities
Summary of trading securities	The fair value of trading securities are summarized as follows (in thousands). December 31, 2015 2014 U.S. Treasury securities $ $ — U.S. government agencies: Bonds — Residential mortgage-backed securities Commercial mortgage-backed securities Collateralized mortgage obligations — Corporate debt securities States and political subdivisions Unit investment trusts — Private-label securitized product — Other Totals $ $
Summary of amortized cost and fair value of securities, excluding trading securities	The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). Available for Sale Gross Gross Amortized Unrealized Unrealized December 31, 2015 Cost Gains Losses Fair Value U.S. Treasury securities $ $ $ $ U.S. government agencies: Bonds Residential mortgage-backed securities Commercial mortgage-backed securities Collateralized mortgage obligations Corporate debt securities States and political subdivisions Commercial mortgage-backed securities — Equity securities Totals $ $ $ $ Available for Sale Amortized Unrealized Unrealized December 31, 2014 Cost Gains Losses Fair Value U.S. Treasury securities $ $ $ $ U.S. government agencies: Bonds Residential mortgage-backed securities — Commercial mortgage-backed securities — Collateralized mortgage obligations Corporate debt securities States and political subdivisions Commercial mortgage-backed securities — Equity securities — Totals $ $ $ $
Summary of amortized cost and fair value of held to maturity securities	Held to Maturity Amortized Unrealized Unrealized December 31, 2015 Cost Gains Losses Fair Value U.S. Treasury securities $ $ — $ $ U.S. government agencies: Bonds Residential mortgage-backed securities — Commercial mortgage-backed securities Collateralized mortgage obligations States and political subdivisions Totals $ $ $ $ Held to Maturity Amortized Unrealized Unrealized December 31, 2014 Cost Gains Losses Fair Value U.S. Treasury securities $ $ — $ $ U.S. government agencies: Residential mortgage-backed securities — Collateralized mortgage obligations — States and political subdivisions Totals $ $ $ $
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturities securities that were in an unrealized loss position is shown in the following table s (dollars in thousands). December 31, 2015 December 31, 2014 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Available for sale U.S. treasury securities: Unrealized loss for less than twelve months $ $ $ $ Unrealized loss for twelve months or longer — — — U.S. government agencies: Bonds: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Residential mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — Collateralized mortgage obligations: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Corporate debt securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer States and political subdivisions: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer Equity securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — Total available for sale: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer $ $ $ $
Schedule of information regarding held to maturity securities that were in an unrealized loss position	December 31, 2015 December 31, 2014 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Held to Maturity U.S. treasury securities: Unrealized loss for less than twelve months $ $ $ $ Unrealized loss for twelve months or longer — — — — — — U.S. government agencies: Bonds: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — — — — Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — Unrealized loss for twelve months or longer — — — — — — — — — Collateralized mortgage obligations: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — — — — States and political subdivisions: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — Total held to maturity: Unrealized loss for less than twelve months Unrealized loss for twelve months or longer — — — $ $ $ $
Schedule of amortized cost and fair value of securities, excluding trading and equity available for sale securities and the available for sale warrant by contractual maturity	The amortized cost and fair value of securities, excluding trading and available for sale equity securities, at December 31, 2015 are shown by contractual maturity below (in thousands). Available for Sale Held to Maturity Amortized Amortized Cost Fair Value Cost Fair Value Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years Residential mortgage-backed securities Collateralized mortgage obligations Commercial mortgage-backed securities $ $ $ $

Non-Covered Loans and Allowan47

Non-Covered Loans and Allowance for Non-Covered Loan Losses (Tables) - Noncovered	12 Months Ended
	Dec. 31, 2015
Non-Covered Loans and Allowance for Non-Covered Loan Losses [Line Items]
Summary of non-covered loans by portfolio segment	Non-covered loans summarized by portfolio segment are as follows (in thousands). December 31, 2015 2014 Commercial and industrial (1) $ $ Real estate Construction and land development Consumer Allowance for non-covered loan losses Total non-covered loans, net of allowance $ $ (1) Includes margin loans to customers and correspondents of $602.8 million and $378.4 million at December 31, 2015 and 2014 , respectively.
Schedule of carrying values and the outstanding balances of the PCI loans	The following table presents the carrying values and the outstanding balances of the non-covered PCI loans (in thousands). December 31, 2015 2014 Carrying amount $ $ Outstanding balance
Schedule of changes in the accretable yield for the PCI loans	Changes in the accretable yield for the non-covered PCI loans were as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Additions — Reclassifications from (to) nonaccretable difference, net (1) Disposals of loans Accretion Balance, end of year $ $ $ (1) Reclassifications from nonaccretable difference are primarily due to net increases in expected cash flows in the quarterly recasts. Reclassifications to nonaccretable difference occur when accruing loans are moved to nonaccrual and expected cash flows are no longer predictable and the accretable yield is eliminated.
Summary of impaired loans by class	Non-covered impaired loans are summarized by class in the following tables (in thousands). Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2015 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured — — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development Consumer $ $ $ $ $ Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2014 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — — — — Commercial construction loans and land development Consumer $ $ $ $ $
Summary of average investment in impaired loans by class	Average investment in non-covered impaired loans is summarized by class in the following table (in thousands). Year Ended December 31, 2015 2014 2013 Commercial and industrial: Secured $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development Consumer $ $ $
Summary of non-accrual loans by class	Non-covered non-accrual loans, excluding those classified as held for sale, are summarized by class in the following table (in thousands). December 31, December 31, 2015 2014 Commercial and industrial: Secured $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development Consumer — $ $
Schedule of information regarding TDRs granted	The outstanding balance of TDRs granted during 2015, 2014 and 2013 , respectively, is shown in the following tables (in thousands). At December 31, 2015 , the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs , compared with $0.5 million at December 31, 2014 . Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2015 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ — $ — $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2014 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — Consumer — — — — $ — $ — $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2013 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ $ Unsecured — — — — Real estate: Secured by commercial properties — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ — $ — $ $ The following table presents information regarding TDRs granted during the twelve months preceding December 31, 2015 for which a payment was at least 30 days past due in 2015 (dollars in thousands). There were no TDRs granted during the twelve months preceding December 31, 2014 for which a payment was at least 30 days past due in 2014 . Number of Recorded Loans Investment Commercial and industrial: Secured — $ — Unsecured — — Real estate: Secured by commercial properties Secured by residential properties — — Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — $
Schedule of analysis of the aging of the entity's loan portfolio	An analysis of the aging of the Bank’s non-covered loan portfolio is shown in the following tables (in thousands). Accruing Loans (Non-PCI) Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total Past Due December 31, 2015 30-59 Days 60-89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ $ $ $ $ $ $ Unsecured — — — Real estate: Secured by commercial properties — Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — — $ $ $ $ $ $ $ $ Accruing Loans (Non-PCI) Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total Past Due December 31, 2014 30-59 Days 60-89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ $ $ $ $ $ $ — Unsecured — — Real estate: Secured by commercial properties — — — Secured by residential properties — — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — Consumer — — $ $ $ $ $ $ $ $ —
Schedule of internal risk grades of loans by class	The following tables present the internal risk grades of non-covered loans, as previously described, in the portfolio by class (in thousands). December 31, 2015 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — Real estate: Secured by commercial properties Secured by residential properties — Construction and land development: Residential construction loans — — Commercial construction loans and land development — Consumer $ $ $ $ $ December 31, 2014 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ $ $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — $ $ $ $ $
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for non-covered loan losses, distributed by portfolio segment, are shown below (in thousands). Commercial and Construction and Year Ended December 31, 2015 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to (recapture from) operations Loans charged off — Recoveries on charged off loans — Balance, end of year $ $ $ $ $ Commercial and Construction and Year Ended December 31, 2014 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to (recapture from) operations Loans charged off — Recoveries on charged off loans Balance, end of year $ $ $ $ $ Commercial and Construction and Year Ended December 31, 2013 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ $ Provision charged to operations Loans charged off Recoveries on charged off loans Balance, end of year $ $ $ $ $
Schedule of loan portfolio distributed by portfolio segment and impairment methodology	The non-covered loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ $ $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $
Schedule of allowance for loan losses distributed by portfolio segment and impairment methodology	The allowance for non-covered loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ — $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ $ — $ — $ — $ Loans collectively evaluated for impairment PCI Loans $ $ $ $ $

Covered Assets and Indemnific48

Covered Assets and Indemnification Asset (Tables) - Covered	12 Months Ended
	Dec. 31, 2015
Loans
Summary of carrying value of the loans	The following table presents the carrying value of the covered loans summarized by portfolio segment (in thousands). December 31, 2015 2014 Commercial and industrial $ $ Real estate Construction and land development Consumer — Allowance for covered loans Total covered loans, net of allowance $ $
Schedule of carrying value and the outstanding balance of the PCI loans	The following table presents the carrying value and the outstanding contractual balance of the covered PCI loans (in thousands). December 31, 2015 2014 Carrying amount $ $ Outstanding balance
Schedule of changes in the accretable yield for the PCI loans	Changes in the accretable yield for the covered PCI loans were as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Additions — — Reclassifications from (to) nonaccretable difference, net (1) Transfer of loans to covered OREO (2) Accretion Balance, end of period $ $ $ (1) Reclassifications from nonaccretable difference are primarily due to net increases in expected cash flows in the quarterly recasts, but may also include the reclassification and immediate income recognition of nonaccretable difference due to the favorable resolution of loans accounted for individually. Reclassifications to nonaccretable difference occur when accruing loans are moved to nonaccrual and expected cash flows are no longer predictable and the accretable yield is eliminated. (2) Transfer of loans to covered OREO is the difference between the value removed from the pool and the expected cash flows for the loan.
Summary of impaired loans by class	Covered impaired loans are summarized by class in the following tables (in thousands). Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2015 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — — — — $ $ $ $ $ Unpaid Recorded Recorded Total Contractual Investment with Investment with Recorded Related December 31, 2014 Principal Balance No Allowance Allowance Investment Allowance Commercial and industrial: Secured $ $ $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development — — Consumer — — — — — $ $ $ $ $
Summary of average investment in impaired loans by class	Average investment in covered impaired loans is summarized by class in the following table (in thousands). Year Ended December 31, 2015 2014 2013 Commercial and industrial: Secured $ $ $ Unsecured Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development Consumer — — — $ $ $
Summary of non-accrual loans by class	Covered non-accrual loans are summarized by class in the following table (in thousands). December 31, 2015 2014 Commercial and industrial: Secured $ $ Unsecured — Real estate: Secured by commercial properties Secured by residential properties Construction and land development: Residential construction loans Commercial construction loans and land development Consumer — — $ $
Schedule of information regarding TDRs granted	The Bank classifies loan modifications of covered loans as TDRs in a manner consistent with that of non-covered loans as discussed in Note 5 to the consolidated financial statements. The outstanding balance of TDRs granted during 2015 and 2014 is shown in the following tables (in thousands). There were no TDRs granted during the period from September 14, 2013 through December 31, 2013 . Pooled Loans are not in the scope of the disclosure requirements for TDRs. At December 31, 2015 and 2014 , the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2015 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ — $ — Unsecured — — — — Real estate: Secured by commercial properties — — — — Secured by residential properties Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ $ $ $ Recorded Investment in Loans Modified by Interest Rate Payment Term Total Year Ended December 31, 2014 A/B Note Adjustment Extension Modification Commercial and industrial: Secured $ — $ — $ — $ — Unsecured — — — — Real estate: Secured by commercial properties — — — — Secured by residential properties — Construction and land development: Residential construction loans — — — — Commercial construction loans and land development — — — — Consumer — — — — $ $ $ — $ The following table presents information regarding TDRs granted during the twelve months preceding December 31, 2015 for which a payment was at 30 days past due in 2015 (dollars in thousands). There were no TDRs granted during the twelve months preceding December 31, 2014 for which a payment was at least 30 days past due in 2014 . Number of Recorded Loans Investment Commercial and industrial: Secured — $ — Unsecured — — Real estate: Secured by commercial properties — Secured by residential properties Construction and land development: Residential construction loans — — Commercial construction loans and land development — — Consumer — — $
Schedule of analysis of the aging of the entity's loan portfolio	An analysis of the aging of the Bank’s covered loan portfolio is shown in the following tables (in thousands). Accruing Loans Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total (Non ‑ PCI) Past Due December 31, 2015 30 ‑ 59 Days 60 ‑ 89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ $ — $ $ $ $ $ $ — Unsecured — — — — — — Real estate: Secured by commercial properties — — — Secured by residential properties — Construction and land development: Residential construction loans — — — Commercial construction loans and land development — Consumer — — — — — — — — $ $ $ $ $ $ $ $ — Accruing Loans Loans Past Due Loans Past Due Loans Past Due Total Current PCI Total (Non ‑ PCI) Past Due December 31, 2014 30 ‑ 59 Days 60 ‑ 89 Days 90 Days or More Past Due Loans Loans Loans Loans 90 Days or More Commercial and industrial: Secured $ — $ — $ $ $ $ $ $ Unsecured — — — Real estate: Secured by commercial properties — — Secured by residential properties Construction and land development: Residential construction loans — — — Commercial construction loans and land development Consumer — — — — — — — — $ $ $ $ $ $ $ $
Schedule of internal risk grades of loans	The following tables present the internal risk grades of covered loans in the portfolio by class (in thousands). December 31, 2015 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — — Real estate: Secured by commercial properties — Secured by residential properties Construction and land development: Residential construction loans — Commercial construction loans and land development — Consumer — — — — — $ $ $ $ $ December 31, 2014 Pass Special Mention Substandard PCI Total Commercial and industrial: Secured $ $ — $ $ $ Unsecured — — Real estate: Secured by commercial properties — Secured by residential properties — Construction and land development: Residential construction loans — Commercial construction loans and land development — Consumer — — — — — $ $ — $ $ $
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for covered loan losses, distributed by portfolio segment, are shown below (in thousands). The year ended December 31, 2013 below refers to the period from September 14, 2013 through December 31, 2013. Commercial and Construction and Year Ended December 31, 2015 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ $ — $ Provision charged to operations — Loans charged off — Recoveries on charged off loans — — Balance, end of year $ $ $ — $ — $ Commercial and Construction and Year Ended December 31, 2014 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ $ $ — $ — $ Provision charged to operations — Loans charged off — Recoveries on charged off loans — — — — — Balance, end of year $ $ $ $ — $ Commercial and Construction and Year Ended December 31, 2013 Industrial Real Estate Land Development Consumer Total Balance, beginning of year $ — $ — $ — $ — $ — Provision charged to operations — — Loans charged off — — — Recoveries on charged off loans — — — — — Balance, end of year $ $ $ — $ — $
Schedule of loan portfolio distributed by portfolio segment and impairment methodology	The covered loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ $ — $ Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ $ — $ Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $
Schedule of allowance for loan losses distributed by portfolio segment and impairment methodology	The allowance for covered loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). Commercial and Construction and December 31, 2015 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment — — PCI Loans — — $ $ $ — $ — $ Commercial and Construction and December 31, 2014 Industrial Real Estate Land Development Consumer Total Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment — PCI Loans — $ $ $ $ — $
Summary of the activity in covered OREO	A summary of the activity in covered OREO is as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Fair value of assets acquired as of Bank Closing Date — — Additions to covered OREO Dispositions of covered OREO Valuation adjustments in the period — Balance, end of period $ $ $
Summary of the activity in the FDIC Indemnification Asset	A summary of the activity in the FDIC Indemnification Asset is as follows (in thousands). Period from September 14, 2013 Year Ended December 31, through December 31, 2015 2014 2013 Balance, beginning of period $ $ $ — Fair value of assets acquired as of Bank Closing Date — — FDIC Indemnification Asset accretion (amortization) Transfers to due from FDIC and other Balance, end of period $ $ $

Cash and Due from Banks (Tables

Cash and Due from Banks (Tables)	12 Months Ended
	Dec. 31, 2015
Cash and Due from Banks
Schedule of cash and due from banks	Cash and due from banks consisted of the following (in thousands). December 31, 2015 2014 Cash on hand $ $ Clearings and collection items Deposits at Federal Reserve Bank Deposits at Federal Home Loan Bank Deposits in FDIC-insured institutions $ $

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Premises and Equipment
Summary of the components of premises and equipment	The components of premises and equipment are summarized as follows (in thousands). December 31, 2015 2014 Land and premises $ $ Furniture and equipment Less accumulated depreciation and amortization $ $

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Other Intangible Assets
Schedule of carrying value of intangible assets subject to amortization	The carrying value of intangible assets subject to amortization was as follows (in thousands). Estimated Gross Net Useful Life Intangible Accumulated Intangible December 31, 2015 (Years) Assets Amortization Assets Core deposits 4 - 12 $ $ $ Trademarks and trade names 15 - 20 Noncompete agreements 4 - 6 Customer contracts and relationships 12 - 14 Agent relationships 13 $ $ $ Estimated Gross Net Useful Life Intangible Accumulated Intangible December 31, 2014 (Years) Assets Amortization Assets Core deposits - 12 $ $ $ Trademarks and trade names 10 - 20 Noncompete agreements 4 - 6 Customer contracts and relationships 8 - 12 Agent relationships 13 $ $ $
Schedule of estimated aggregate future amortization expense for intangible assets	The estimated aggregate future amortization expense for intangible assets at December 31, 2015 is as follows (in thousands). 2016 $ 2017 2018 2019 2020 Thereafter $

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2015
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR asset, as included in other assets within the consolidated balance sheets	The following tables present the changes in fair value of the Company’s MSR and other information related to the serviced portfolio (dollars in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Additions Sales — — Changes in fair value: Due to changes in model inputs or assumptions (1) Due to customer payoffs Balance, end of year $ $ $ December 31, 2015 2014 Mortgage loans serviced for others $ $ MSR asset as a percentage of serviced mortgage loans % % (1) Primarily represents normal customer payments, changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates and the refinement of other MSR model assumptions.
Schedule of key assumptions used in measuring the fair value of the Company's MSR	December 31, 2015 2014 Weighted average constant prepayment rate % % Weighted average discount rate % % Weighted average life (in years)
Schedule of sensitivity analysis of fair value of the Company's MSR to certain key assumptions	A sensitivity analysis of the fair value of the Company’s MSR to certain key assumptions is presented in the following table (in thousands). December 31, 2015 2014 Constant prepayment rate: Impact of 10% adverse change $ $ Impact of 20% adverse change Discount rate: Impact of 10% adverse change Impact of 20% adverse change

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). December 31, 2015 2014 Noninterest-bearing demand $ $ Interest-bearing: NOW accounts Money market Brokered - money market Demand Savings Time Brokered - time $ $
Summary of scheduled maturities of interest-bearing time deposits	Scheduled maturities of interest-bearing time deposits at December 31, 2015 are as follows (in thousands). 2016 $ 2017 2018 2019 2020 and thereafter $

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). December 31, 2015 2014 Federal funds purchased $ $ Securities sold under agreements to repurchase Federal Home Loan Bank Short-term bank loans $ $
Schedule of federal funds purchased and securities sold under agreements to repurchase
Short-term borrowings
Schedule of short-term borrowings	Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). Year Ended December 31, 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year December 31, 2015 2014 Average interest rate at end of year % % Securities underlying the agreements at end of year: Carrying value $ $ Estimated fair value $ $
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). Year Ended December 31, 2015 2014 2013 Average balance during the year $ $ $ Average interest rate during the year % % % Maximum month-end balance during the year $ $ $ December 31, 2015 2014 Average interest rate at end of year % %

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). December 31, 2015 2014 NLIC note payable due May 2033, three-month LIBOR plus 4.10% (4.64% at December 31, 2015) with interest payable quarterly $ $ NLIC note payable due September 2033, three-month LIBOR plus 4.05% (4.59% at December 31, 2015) with interest payable quarterly ASIC note payable due April 2034, three-month LIBOR plus 4.05% (4.59% at December 31, 2015) with interest payable quarterly First Southwest nonrecourse notes, paid off in January 2015 — Insurance company note payable due March 2035, three-month LIBOR plus 3.40% (3.94% at December 31, 2015) with interest payable quarterly Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030 with interest payable monthly — Insurance company line of credit due December 31, 2016, 3.25% plus a calculated index rate (4.00% at December 31, 2015) with interest payable quarterly Senior Notes due April 2025, net — $ $
Scheduled maturities of notes payable	Scheduled maturities for notes payable outstanding at December 31, 2015 are as follows (in thousands). 2016 $ 2017 2018 2019 2020 Thereafter $

Junior Subordinated Debenture56

Junior Subordinated Debentures and Trust Preferred Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Junior Subordinated Debentures and Trust Preferred Securities
Schedule of information regarding the PlainsCapital Debentures	Information regarding the PlainsCapital Debentures is shown in the following table (in thousands). Investor Issue Date Amount PCC Statutory Trust I July 31, 2001 $ PCC Statutory Trust II March 26, 2003 $ PCC Statutory Trust III September 17, 2003 $ PCC Statutory Trust IV February 22, 2008 $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes
Schedule of components of the provision for income tax provision (benefit)	The significant compone nts of the income tax provision are as follows (in thousands). Year Ended December 31, 2015 2014 2013 Current: Federal $ $ $ State Deferred: Federal State $ $ $
Schedule of reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory Federal income tax rate to income (loss) before income taxes	Th e income tax provision differs from the amount that would be computed by applying the statutory Federal income tax rate of 35% to income before income taxes as a result of the following (in thousands). Year Ended December 31, 2015 2014 2013 Computed tax at federal statutory rate $ $ $ Tax effect of: Non-taxable acquisition gain — — Nondeductible transaction costs — Nondeductible expenses State income taxes Tax-exempt income, net Valuation allowance — Minority interest Prior year return to provision adjustment Other $ $ $
Schedule of components of the tax effects of temporary differences that give rise to the net deferred tax asset	The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). December 31, 2015 2014 Deferred tax assets: Net operating and built-in loss carryforward $ $ Covered loans Purchase accounting adjustment - loans Allowance for loan losses Compensation and benefits Indemnification agreements Foreclosed property Capital loss carryforward — Other Deferred tax liabilities: Premises and equipment FDIC Indemnification Asset Intangible assets Derivatives Net unrealized change in securities and other investments Loan servicing Other Total net deferred tax asset Less valuation allowance Net deferred tax asset $ $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Schedule of roll-forward of claims activity for loans put-back to the mortgage origination segment	The following tables provide for a roll-forward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). Representation and Warranty Specific Claims Activity - Origination Loan Balance Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ $ $ Claims made Claims resolved with no payment Repurchases Indemnification payments Balance, end of period $ $ $ Indemnification Liability Reserve Activity Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ $ $ Additions for new sales Repurchases Early payment defaults Indemnification payments Change in estimate Balance, end of period $ $ $ December 31, 2015 2014 Reserve for Indemnification Liability: Specific claims $ $ Incurred but not reported claims Total $ $
Schedule of future minimum lease payments under non-cancelable operating and capital leases	Future minimum lease payments under these agreements follow (in thousands). Operating Leases Capital Leases 2016 $ $ 2017 2018 2019 2020 Thereafter Total minimum lease payments $ Amount representing interest Present value of minimum lease payments $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation
Schedule of nonvested Restricted Stock Award and RSU activity	The following table summarizes information about nonvested Restricted Stock Award and RSU activity for the noted periods (shares in thousands). Restricted Stock Awards RSUs Weighted Weighted Average Average Grant Date Grant Date Outstanding Fair Value Outstanding Fair Value Balance, January 1, 2013 - $ - - $ - Granted $ - $ - Balance, December 31, 2013 $ - $ - Granted - $ - $ Vested/Released $ $ Forfeited $ $ Balance, December 31, 2014 $ $ Granted $ $ Vested/Released $ $ Forfeited $ $ Balance, December 31, 2015 $ $

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2015
Regulatory Matters
Schedule of comparison of the Bank's and Hilltop's consolidated actual capital amounts and ratios to the regulatory minimum requirements and the Bank's regulatory minimum capital requirements and the Bank's regulatory minimum capital requirements needed to qualify as a well-capitalized institution without giving effect to the final Basel III capital rules adopted by the Federal Reserve Board	To Be Well Capitalized Minimum Capital Minimum Capital Actual Requirements Requirements Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Tier 1 capital (to average assets): Bank $ % $ % $ % Hilltop % % N/A N/A Common equity Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Total capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A December 31, 2014 Tier 1 capital (to average assets): Bank $ % $ % $ % Hilltop % % N/A N/A Tier 1 capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A Total capital (to risk-weighted assets): Bank % % % Hilltop % % N/A N/A
Schedule of reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined)	A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). December 31, 2015 December 31, 2014 Bank Hilltop Bank Hilltop Total equity capital $ $ $ $ Add: Net unrealized holding losses (gains) on securities available for sale and held in trust Deduct: Goodwill and other disallowed intangible assets Other — Common equity Tier 1 capital (as defined) Add: Tier 1 capital Trust preferred securities — — Minority interests Deduct: Additional Tier 1 capital deductions — — NA Tier 1 capital (as defined) Add: Allowable Tier 2 capital Allowance for loan losses Net unrealized holding losses on equity securities — — — Deduct: Additional Tier 2 capital deductions — — NA Total capital (as defined) $ $ $ $
Summary of minimum required capital amounts and ratios for the well capitalized category	At December 31, 2015 , the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). HTS Hilltop Independent FSC Securities Network Net capital $ $ $ Less required net capital Excess net capital $ $ $ Net capital as a percentage of aggregate debit items % % Net capital in excess of 5% aggregate debit items $ $
Summary of statutory capital and surplus and statutory net income of each insurance subsidiary	A summary of statutory capital and surplus and statutory net income of each insurance subsidiary is as follows (in thousands). December 31, 2015 2014 Capital and surplus: National Lloyds Insurance Company $ $ American Summit Insurance Company Year Ended December 31, 2015 2014 2013 Statutory net income: National Lloyds Insurance Company $ $ $ American Summit Insurance Company

Other Noninterest Income and 61

Other Noninterest Income and Expense (Tables)	12 Months Ended
	Dec. 31, 2015
Other Noninterest Income and Expense
Schedule of components of other noninterest income and expense	The following tables show the components of other noninterest income and expense (in thousands). Year Ended December 31, 2015 2014 2013 Other noninterest income: Change in fair value of Hilltop Broker-Dealer derivatives $ $ $ Direct bill fees and insurance service fee income Net gain (loss) from trading securities portfolio Net gain on investment in SWS common stock — — Revenue from check and stored value cards Service charges on depositor accounts Trust fees Other $ $ $ Other noninterest expense: Accounting fees $ $ $ Acquisition costs Amortization of intangible assets Data processing Marketing Other professional services Printing, stationery and supplies Repossession and foreclosure Telecommunications Unreimbursed loan closing costs Other $ $ $

Derivative Financial Instrume62

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Financial Instruments
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). December 31, 2015 December 31, 2014 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments: IRLCs $ $ $ $ Commitments to purchase MBSs Commitments to sell MBSs Interest rate swaps and swaptions

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	12 Months Ended
	Dec. 31, 2015
Balance Sheet Offsetting
Schedule of the assets subject to an enforceable master netting arrangement or repurchase agreements	The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Assets Cash of Recognized Offset in the Presented in the Financial Collateral Net Assets Balance Sheet Balance Sheet Instruments Pledged Amount December 31, 2015 Securities borrowed: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — Reverse repurchase agreements: Institutional counterparties — — Forward MBS derivatives: Institutional counterparties — — — $ $ $ $ $ — $ December 31, 2014 Securities borrowed: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — — Forward MBS derivatives: Institutional counterparties — — — $ $ — $ $ $ — $
Schedule of the liabilities subject to an enforceable master netting arrangement or repurchase agreements	Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Liabilities Cash of Recognized Offset in the Presented in the Financial Collateral Net Liabilities Balance Sheet Balance Sheet Instruments Pledged Amount December 31, 2015 Securities loaned: Institutional counterparties $ $ — $ $ $ — $ — Interest rate swaps and swaptions: Institutional counterparties — — Repurchase agreements: Institutional counterparties — — — Customer counterparties — — — Forward MBS derivatives: Institutional counterparties — $ $ $ $ $ — $ December 31, 2014 Securities loaned: Institutional counterparties $ $ — $ $ $ — $ — Repurchase agreements: Customer counterparties — — — Forward MBS derivatives: Institutional counterparties — $ $ $ $ $ $
Schedule of contractual maturities of repurchase agreements and secured borrowing transactions	The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both December 31, 2015 or 2014 . Remaining Contractual Maturities Overnight and Greater Than December 31, 2015 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ $ $ — $ — $ Securities lending transactions: U.S. Treasury and agency securities — — — Corporate securities — — — Equity securities — — — Total $ $ $ — $ — $ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ Amount related to agreements not included in offsetting disclosure above $ — Remaining Contractual Maturities Overnight and Greater Than December 31, 2014 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ $ — $ — $ — $ Securities lending transactions: U.S. Treasury and agency securities — — — Corporate securities — — — Equity securities — — — Total $ $ — $ — $ — $ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ Amount related to agreements not included in offsetting disclosure above $ —

Broker-Dealer and Clearing Or64

Broker-Dealer and Clearing Organization Receivables and Payables (Tables)	12 Months Ended
	Dec. 31, 2015
Broker-Dealer and Clearing Organization Receivables and Payables
Schedule of broker-dealer and clearing organization receivables and payables	Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). December 31, 2015 2014 Receivables: Securities borrowed $ $ Securities failed to deliver Clearing organizations Trades in process of settlement, net — Other $ $ Payables: Securities loaned $ $ Correspondents Securities failed to receive Clearing organizations $ $

Deferred Policy Acquisition C65

Deferred Policy Acquisition Cost (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Policy Acquisition Costs.
Schedule of activity in deferred policy acquisition costs	A summary of the activity in deferred policy acquisition costs is as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Acquisition expenses capitalized Amortization charged to income Balance, end of year $ $ $

Reserves for Losses and Loss 66

Reserves for Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Reserves for Losses and Loss Adjustment Expenses
Schedule of information regarding the reserve for unpaid losses and loss adjustment expenses ("LAE") as included in other liabilities within the consolidated balance sheets	A rollforward of NLC’s reserve for unpaid losses and LAE, as included in other liabilities within the consolidated balance sheets, is as follows (in thousands). Year Ended December 31, 2015 2014 2013 Balance, beginning of year $ $ $ Less reinsurance recoverables Net balance, beginning of year Incurred related to: Current year Prior years Total incurred Payments related to: Current year Prior years Total payments Net balance, end of year Plus reinsurance recoverables Balance, end of year $ $ $

Reinsurance Activity (Tables)

Reinsurance Activity (Tables)	12 Months Ended
	Dec. 31, 2015
Reinsurance Activity.
Schedule of reinsurers with a balance in excess of 5% of outstanding reinsurance receivables	Reinsurers with a balance in excess of 5% of the Company’s outstanding reinsurance receivables at December 31, 2015 are listed below (in thousands). Balances Due From A.M. Best Reinsurers Rating Federal Emergency Management Agency $ N/A Aspen Bermuda A Partner Reinsurance Co. N/A Everest Re A+ Lloyd's Syndicate #2791 A Lloyd's Syndicate #2001 A+ $
Schedule of effects of reinsurance on premiums written and earned	The effects of reinsurance on premiums written and earned are summarized as follows (in thousands). Year Ended December 31, 2015 2014 2013 Written Earned Written Earned Written Earned Premiums from direct business $ $ $ $ $ $ Reinsurance assumed Reinsurance ceded Net premiums $ $ $ $ $ $
Schedule of effects of reinsurance on incurred losses	The effects of reinsurance on incurred losses are as follows (in thousands). Year Ended December 31, 2015 2014 2013 Loss and LAE incurred $ $ $ Reinsurance recoverables Net loss and LAE incurred $ $ $

Segment and Related Informati68

Segment and Related Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment and Related Information
Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments	The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). Mortgage All Other and Hilltop Year Ended December 31, 2015 Banking Broker-Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ $ Mortgage All Other and Hilltop Year Ended December 31, 2014 Banking Broker ‑ Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ $ Mortgage All Other and Hilltop Year Ended December 31, 2013 Banking Broker-Dealer Origination Insurance Corporate Eliminations Consolidated Net interest income (expense) $ $ $ $ $ $ $ Provision for loan losses — — — — Noninterest income — Noninterest expense Income (loss) before income taxes $ $ $ $ $ $ — $ December 31, 2015 Goodwill $ $ $ $ $ — $ — $ Total assets $ $ $ $ $ $ $ December 31, 2014 Goodwill $ $ $ $ $ — $ — $ Total assets $ $ $ $ $ $ $

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings per Common Share
Schedule of the computation of basic and diluted earnings per common share	The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). Year Ended December 31, 2015 2014 2013 Basic earnings per share: Income applicable to Hilltop common stockholders $ $ $ Less: income applicable to participating shares Net earnings available to Hilltop common stockholders $ $ $ Weighted average shares outstanding - basic Basic earnings per common share $ $ $ Diluted earnings per share: Income applicable to Hilltop common stockholders $ $ $ Add: interest expense on Exchangeable Notes (net of tax) — — Net earnings available to Hilltop common stockholders Weighted average shares outstanding - basic Effect of potentially dilutive securities Weighted average shares outstanding - diluted Diluted earnings per common share $ $ $

Condensed Financial Statement70

Condensed Financial Statements of Parent (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Statements of Parent
Schedule of Condensed Statements of Operations and Comprehensive Income (Loss)	Condensed financial statements of Hilltop (parent only) follow (in thousands). Investments in subsidiaries are determined using the equity method of accounting. Condensed Statements of Operations and Comprehensive Income Year Ended December 31, 2015 2014 2013 Investment income $ $ $ Interest expense — Net gain on investment in SWS common stock — — Bargain purchase gain — — General and administrative expense Income (loss) before income taxes, equity in undistributed earnings of subsidiaries and preferred stock activity Income tax benefit Equity in undistributed earnings of subsidiaries Net income $ $ $ Other comprehensive income (loss), net Comprehensive income $ $ $
Schedule of Condensed Balance Sheets	December 31, 2015 2014 2013 Assets: Cash and cash equivalents $ $ $ Securities, available for sale — — Investment in subsidiaries Investment in SWS common stock — — Other assets Total assets $ $ $ Liabilities and Stockholders’ Equity: Accounts payable and accrued expenses $ $ $ Notes payable — — Stockholders’ equity Total liabilities and stockholders’ equity $ $ $
Schedule of Condensed Statements of Cash Flows	Year Ended December 31, 2015 2014 2013 Operating Activities: Net income $ $ $ Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of subsidiaries Bargain purchase gain — — Deferred income taxes Net gain on investment in SWS common stock — — Loss on redemption of senior exchangeable notes — — Other, net Net cash provided by (used in) operating activities Investing Activities: Advance to subsidiary — — Capital contribution to subsidiary — — Cash paid for acquisition — — Other, net — — Net cash used in investing activities Financing Activities: Payments to repurchase common stock — — Proceeds from issuance of notes payable — — Redemption of senior exchangeable notes — — Dividends paid on preferred stock Redemption of preferred stock — — Other, net — Net cash provided by (used in) financing activities Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year $ $ $ Supplemental Schedule of Non-Cash Activities: Common stock issued in acquisition $ $ — $ — Conversion of available for sale investment in SWS common stock $ — $ $ — Redemption of senior exchangeable notes for common stock $ — $ — $

Selected Quarterly Financial 71

Selected Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Selected Quarterly Financial Information (Unaudited)
Schedule of quarterly financial information	Selected quarterly financial information is summarized as follows (in thousands, except per share data). Year Ended December 31, 2015 Fourth Third Second First Full Quarter Quarter Quarter Quarter Year Interest income $ $ $ $ $ Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before income taxes Income tax expense Net income Less: Net income attributable to noncontrolling interest Income attributable to Hilltop $ $ $ $ $ Dividends on preferred stock — — Income applicable to Hilltop common stockholders $ $ $ $ $ Earnings per common share: Basic $ $ $ $ $ Diluted $ $ $ $ $ Year Ended December 31, 2014 Fourth Third Second First Full Quarter Quarter Quarter Quarter Year Interest income $ $ $ $ $ Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before income taxes Income tax expense Net income Less: Net income attributable to noncontrolling interest Income attributable to Hilltop $ $ $ $ $ Dividends on preferred stock Income applicable to Hilltop common stockholders $ $ $ $ $ Earnings per common share: Basic $ $ $ $ $ Diluted $ $ $ $ $

Summary of Significant Accoun72

Summary of Significant Accounting and Reporting Policies - Nature of Operations (Details) $ / shares in Units, $ in Thousands, shares in Millions	Jan. 01, 2015USD ($)$ / sharesshares	Dec. 31, 2015item
Business Acquisition [Line Items]
Number of primary operating business units | item		3
SWS
Business Combination, Description [Abstract]
Conversion of common stock	0.2496
Cash consideration paid per share | $ / shares	$ 1.94
Acquisition price (in dollars per share) | $ / shares	$ 6.92
Aggregate purchase price	$ 349,125
Aggregate purchase price, stock issued | shares	10.1
Aggregate purchase price, cash	$ 78,217
Aggregate purchase price, existing investment	$ 70,282

Summary of Significant Accoun73

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details)	12 Months Ended
	Dec. 31, 2015
Plains Capital
Basis of Presentation
Ownership percentage of subsidiary owned by the reporting entity	100.00%
Bank
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
Plains Capital Equity LLC
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
Prime Lending
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
Plains Capital Securities LLC
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
Prime Lending Ventures Management LLC
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
PCC Statutory Trusts
Basis of Presentation
Ownership percentage of subsidiary owned by subsidiary of the reporting entity	100.00%
Securities Holdings
Basis of Presentation
Ownership percentage of subsidiary owned by the reporting entity	100.00%
NLC
Basis of Presentation
Ownership percentage of subsidiary owned by the reporting entity	100.00%

Summary of Significant Accoun74

Summary of Significant Accounting and Reporting Policies - Basis of Presentation - Additional Info. (Details) - USD ($) $ in Thousands	Jan. 01, 2015	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Restatement
Bargain purchase gain			$ 81,289	$ 12,585
SWS
Error Corrections and Prior Period Adjustments Restatement
Bargain purchase gain	$ 81,289
SWS | Scenario, Previously Reported
Error Corrections and Prior Period Adjustments Restatement
Bargain purchase gain		$ 82,800
SWS | Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement
Bargain purchase gain		$ 1,500

Summary of Significant Accoun75

Summary of Significant Accounting and Reporting Policies - Basis of Presentation - Loans (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)
Insurance Premiums Receivable
Valuation allowance for uncollectible amounts	$ 0	$ 0
Deferred Policy Acquisition Costs.
Premium deficiency	$ 0	$ 0
Minimum
Loans Held for Sale
Number of layers of common risk characteristics based on which certain acquired loans aggregated into various loan pools to determine respective fair values | item	2
Maximum
Loans Held for Sale
Loans held-for-sale, period reported on balance sheet	30 days
Acquired loans
Loans Held for Sale
Carryover of Allowance for Loan and Lease Losses, Loans Acquired	$ 0

Summary of Significant Accoun76

Summary of Significant Accounting and Reporting Policies - Premises and Equipment (Details) - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Minimum
Premises and Equipment
Estimated useful lives	3 years
Maximum
Premises and Equipment
Estimated useful lives	40 years

Summary of Significant Accoun77

Summary of Significant Accounting and Reporting Policies - Other Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 09, 2015	Nov. 30, 2013
Debt Instrument
Debt issuance costs amortized	$ 0.4		$ 2.3
FDIC Indemnification Asset
Threshold amount of cumulative net losses over the life of the loss-share agreements which will reduce the FDIC Indemnification Asset	240.4
Advertising
Advertising Expense	$ 4.6	$ 4.6	$ 5.3
Senior exchangeable notes 7.50 percent due 2025
Debt Instrument
Interest rate (as a percent)					7.50%
Unamortized finance costs					$ 2.1
Senior Notes 5.00 Percent Due 2025 | Private Placement
Debt Instrument
Capitalized debt issuance costs				$ 1.9
Interest rate (as a percent)				5.00%

Acquisition - Consideration Pai

Acquisition - Consideration Paid (Details) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015	Dec. 31, 2013
Business Acquisition [Line Items]
Bargain purchase gain		$ 81,289	$ 12,585
SWS
Business Acquisition [Line Items]
Bargain purchase gain	$ 81,289
Fair value of consideration paid:
Common stock issued	200,626
Cash	78,217
Fair value of Hilltop existing investment in SWS	70,282
Total consideration paid	$ 349,125

Acquisition - Identifiable Asse

Acquisition - Identifiable Assets Acquired and Liabilities Assumed (Details) $ in Thousands	Jan. 01, 2015USD ($)	Sep. 13, 2013USD ($)item	Sep. 13, 2013USD ($)	Dec. 31, 2013USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2013USD ($)
Fair values of the identifiable assets acquired, and liabilities assumed
Bargain purchase gain					$ (81,289)	$ (12,585)
SWS
Fair values of the identifiable assets acquired, and liabilities assumed
Cash and due from banks	$ 119,314
Federal funds sold and securities purchased under agreements to resell	44,741
Assets segregated for regulatory purposes	181,610
Securities	707,476
Loans	863,819
Other assets	159,906
Broker-dealer and clearing organization receivables	1,221,793
Total identifiable assets acquired	3,298,659
Deposits	(1,287,509)
Broker-dealer and clearing organization payables	(1,109,978)
Short-term borrowings	(164,240)
Securities sold, not yet purchased, at fair value	(140,409)
Notes payable	(76,643)
Other liabilities	(89,466)
Total liabilities assumed	(2,868,245)
Bargain purchase gain	(81,289)
Net identifiable assets acquired	349,125
Less Hilltop existing investment in SWS	(70,282)
Net identifiable assets acquired	278,843
Tax on bargain purchase gain	0
Allocation to intangible assets
Gross Intangible Assets	$ 7,460
FNB
Fair values of the identifiable assets acquired, and liabilities assumed
Cash and due from banks		$ 362,695	$ 362,695
Securities		286,214	286,214
Premises and equipment		78,399	78,399
FDIC indemnification asset		185,680	185,680
Other assets		26,300	26,300
Other intangible assets		4,270	4,270
Total identifiable assets acquired		2,238,212	2,238,212
Deposits		(2,211,740)	(2,211,740)
Other liabilities		(13,887)	(13,887)
Total liabilities assumed		(2,225,627)	(2,225,627)
Bargain purchase gain				$ (12,600)
Net identifiable assets acquired		12,585	12,585
Net interest income				32,000
Other revenues				20,400
Net income				18,500
Tax on bargain purchase gain				$ 4,500
FNB | Noncovered
Fair values of the identifiable assets acquired, and liabilities assumed
Loans		42,884	42,884
FNB | Covered
Fair values of the identifiable assets acquired, and liabilities assumed
Loans		1,116,583	1,116,583
Other real estate owned		135,187	135,187
Bank | FNB
Fair values of the identifiable assets acquired, and liabilities assumed
Loans		$ 1,200,000	$ 1,200,000
Number of properties purchased from the FDIC | item		44
Aggregate purchase price of properties purchased from the FDIC		$ 59,500
Number of additional properties purchased pursuant to exercise of option from the FDIC | item				7
Aggregate purchase price of additional properties purchased pursuant to exercise of option from the FDIC				$ 4,900
Exercise of right to purchase furniture and equipment				$ 10,300
Percentage of losses to be absorbed by FDIC on the first $240.4 million of losses incurred as per the loss sharing agreement		80.00%
Threshold amount of losses incurred for 80% of losses to be absorbed by FDIC as per the loss sharing agreement, first layer		$ 240,400
Percentage of losses to be absorbed by FDIC in excess of $240.4 million up to and including $365.7 million of losses incurred as per the loss sharing agreement		0.00%
Threshold amount of losses incurred for 0% of losses to be absorbed by FDIC as per the loss sharing agreement, second layer		$ 365,700
Percentage of losses to be absorbed by FDIC in excess of $365.7 million of losses incurred as per the loss sharing agreement		80.00%
Period for which payment is required to be made to the FDIC of true-up amount			10 years
Bank | FNB | Covered | Commercial loan
Fair values of the identifiable assets acquired, and liabilities assumed
Period of loss-sharing agreements in effect			5 years
Period of loss recovery provisions in effect			8 years
Bank | FNB | Covered | Single family residential loans
Fair values of the identifiable assets acquired, and liabilities assumed
Period of loss-sharing agreements in effect			10 years
Period of loss recovery provisions in effect			10 years
Fair value adjustments | FNB
Fair values of the identifiable assets acquired, and liabilities assumed
Cost basis net assets		$ 215,000	$ 215,000
Cash payment received from the FDIC		45,000
Securities		(3,341)	(3,341)
Loans		(343,068)	(343,068)
Premises and equipment		3,565	3,565
Other real estate owned		(79,273)	(79,273)
FDIC indemnification asset		185,680	185,680
Other intangible assets		4,270	4,270
Deposits		(8,282)	(8,282)
Other liabilities		(6,966)	(6,966)
Net identifiable assets acquired		$ 12,585	$ 12,585
Customer Relationships | SWS
Allocation to intangible assets
Estimated Useful Life	14 years
Gross Intangible Assets	$ 7,300
Core deposits | SWS
Allocation to intangible assets
Estimated Useful Life	4 years
Gross Intangible Assets	$ 160

Acquisition - Acquired Loans at

Acquisition - Acquired Loans at Acquisition Date (Details) - USD ($) $ in Thousands	Sep. 13, 2013	Jan. 01, 2015
Loans excluding PCI Loans | Commercial and industrial
Information about the acquired loans at acquisition
Margin loans to customers and correspondents		$ 269,400
SWS
Information about the acquired loans at acquisition
Total loans		863,819
SWS | Commercial and industrial
Information about the acquired loans at acquisition
Total loans		457,809
SWS | Real estate
Information about the acquired loans at acquisition
Total loans		386,695
SWS | Construction and land development
Information about the acquired loans at acquisition
Total loans		16,099
SWS | Consumer
Information about the acquired loans at acquisition
Total loans		3,216
SWS | Loans excluding PCI Loans
Information about the acquired loans at acquisition
Total loans		790,360
SWS | Loans excluding PCI Loans | Commercial and industrial
Information about the acquired loans at acquisition
Total loans		447,959
SWS | Loans excluding PCI Loans | Real estate
Information about the acquired loans at acquisition
Total loans		324,477
SWS | Loans excluding PCI Loans | Construction and land development
Information about the acquired loans at acquisition
Total loans		14,708
SWS | Loans excluding PCI Loans | Consumer
Information about the acquired loans at acquisition
Total loans		3,216
SWS | PCI loans
Information about the acquired loans at acquisition
Total loans		73,459
SWS | PCI loans | Commercial and industrial
Information about the acquired loans at acquisition
Total loans		9,850
SWS | PCI loans | Real estate
Information about the acquired loans at acquisition
Total loans		62,218
SWS | PCI loans | Construction and land development
Information about the acquired loans at acquisition
Total loans		$ 1,391
Bank | FNB
Information about the acquired loans at acquisition
Carryover of Allowance for Loan and Lease Losses, Loans Acquired	$ 0
Total loans	1,159,467
Bank | FNB | Commercial and industrial
Information about the acquired loans at acquisition
Total loans	95,625
Bank | FNB | Real estate
Information about the acquired loans at acquisition
Total loans	854,217
Bank | FNB | Construction and land development
Information about the acquired loans at acquisition
Total loans	184,916
Bank | FNB | Consumer
Information about the acquired loans at acquisition
Total loans	24,709
Bank | FNB | Loans excluding PCI Loans
Information about the acquired loans at acquisition
Total loans	336,636
Bank | FNB | Loans excluding PCI Loans | Commercial and industrial
Information about the acquired loans at acquisition
Total loans	47,874
Bank | FNB | Loans excluding PCI Loans | Real estate
Information about the acquired loans at acquisition
Total loans	242,998
Bank | FNB | Loans excluding PCI Loans | Construction and land development
Information about the acquired loans at acquisition
Total loans	26,669
Bank | FNB | Loans excluding PCI Loans | Consumer
Information about the acquired loans at acquisition
Total loans	19,095
Bank | FNB | PCI loans
Information about the acquired loans at acquisition
Total loans	822,831
Bank | FNB | PCI loans | Commercial and industrial
Information about the acquired loans at acquisition
Total loans	47,751
Bank | FNB | PCI loans | Real estate
Information about the acquired loans at acquisition
Total loans	611,219
Bank | FNB | PCI loans | Construction and land development
Information about the acquired loans at acquisition
Total loans	158,247
Bank | FNB | PCI loans | Consumer
Information about the acquired loans at acquisition
Total loans	$ 5,614

Acquisition - Loans at Acquisit

Acquisition - Loans at Acquisition, Additional Info. and Pro Forma Results (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Jan. 01, 2015	Sep. 13, 2013
Pro Forma Results of Operations
Net interest income	$ 429,264
Other revenues	1,005,701
Net income	$ 118,421
SWS
Acquisitions
Total loans		$ 863,819
SWS | PCI loans
Acquisitions
Contractually required principal and interest payments		120,078
Nonaccretable difference		32,040
Cash flows expected to be collected		88,038
Accretable difference		14,579
Total loans		73,459
SWS | Loans excluding PCI Loans
Acquisitions
Contractually required principal and interest payments		901,672
Contractual cash flows not expected to be collected		39,721
Total loans		$ 790,360
Bank | FNB
Acquisitions
Total loans			$ 1,159,467
Bank | FNB | PCI loans
Acquisitions
Contractually required principal and interest payments			1,533,667
Nonaccretable difference			542,241
Cash flows expected to be collected			991,426
Accretable difference			168,595
Total loans			822,831
Bank | FNB | Loans excluding PCI Loans
Acquisitions
Contractually required principal and interest payments			466,754
Contractual cash flows not expected to be collected			43,783
Total loans			$ 336,636

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 02, 2014
Fair value measurements
Mortgage loans held for sale, fair value	$ 1,270,000	$ 1,460,000	$ 1,270,000
Mortgage loans held for sale, unpaid principal balance	1,220,000	1,410,000	1,220,000
Unrealized gains associated with SWS common stock	11,542	9,019	11,542
Other non interest income		$ 14,906	18,809	$ 9,211
Maximum
Fair value measurements
Loans Held for Sale Period of Time		30 days
SWS
Fair value measurements
Number of shares of common stock available to purchase under warrant					8,695,652
Warrants exercise price (in dollars per share)					$ 5.75
Aggregate principal amount of senior unsecured loan					$ 50,000
Percentage of outstanding shares of SWS common stock					21.00%
Unrealized gains associated with SWS common stock					$ 7,200
Loss due to change in fair value	$ 1,200
Other non interest income			$ 6,000

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Trading securities	$ 214,146	$ 65,717
Available for sale securities	673,706	925,535
Level 1
Financial assets:
Trading securities	21,807	39
Available for sale securities	17,409	13,762
Investment in SWS common stock		70,282
Financial liabilities:
Securities sold, not yet purchased	27,648
Level 2
Financial assets:
Trading securities	192,338	65,678
Available for sale securities	656,297	911,773
Loans held for sale	1,434,955	1,263,135
Derivative assets	35,676	23,805
Financial liabilities:
Securities sold, not yet purchased	102,396	48
Derivative liabilities	5,426	12,849
Level 3
Financial assets:
Trading securities	1
Loans held for sale	25,880	9,017
Mortgage servicing asset	52,285	36,155
Recurring
Financial assets:
Trading securities	214,146	65,717
Available for sale securities	673,706	925,535
Loans held for sale	1,460,835	1,272,152
Derivative assets	35,676	23,805
Mortgage servicing asset	52,285	36,155
Investment in SWS common stock		70,282
Financial liabilities:
Securities sold, not yet purchased	130,044	48
Derivative liabilities	$ 5,426	$ 12,849

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rollforward for financial instruments measured at fair value using Level 3 inputs
Net asset (liability) balance, beginning of period	$ 45,172	$ 102,331	$ 53,867
Purchases/Additions	85,075	59,730	13,886
Sales/Reductions	(28,911)	(110,440)
Transfers into Level 3			27,729
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)	(23,170)	(5,831)	5,239
Included in other comprehensive income (loss)		(618)	1,610
Net asset (liability) balance, end of period	78,166	45,172	102,331
Derivative Liabilities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Liability balance, beginning of period		(5,600)	(4,490)
Purchases/Additions		(177)
Sales/Reductions		6,827
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)		(1,050)	(1,110)
Liability balance, end of period			(5,600)
Trading securities.
Rollforward for financial instruments measured at fair value using Level 3 inputs
Purchases/Additions	7,301
Sales/Reductions	(3,397)
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)	(3,903)
Asset balance, end of period	1
Available for sale securities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period		60,053	56,277
Sales/Reductions		(61,283)
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)		1,848	2,166
Included in other comprehensive income (loss)		(618)	1,610
Asset balance, end of period			60,053
Loans held for sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	9,017	27,729
Purchases/Additions	52,800	24,851
Sales/Reductions	(25,514)	(44,597)
Transfers into Level 3			27,729
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)	(10,423)	1,034
Asset balance, end of period	25,880	9,017	27,729
MSR
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	36,155	20,149	2,080
Purchases/Additions	24,974	35,056	13,886
Sales/Reductions		(11,387)
Total gains or losses (realized or unrealized):
Included in Net Income (Loss)	(8,844)	(7,663)	4,183
Asset balance, end of period	$ 52,285	$ 36,155	$ 20,149

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Discounted cash flow	12 Months Ended
	Dec. 31, 2015
MSR | Weighted average
Significant unobservable inputs used in the fair value measurements
Constant prepayment rate (as a percent)	11.51%
Discount rates (as a percent)	10.92%
Recurring | Trading securities. | Weighted average
Significant unobservable inputs used in the fair value measurements
Discount rates (as a percent)	10.00%
Recurring | Trading securities. | Minimum
Significant unobservable inputs used in the fair value measurements
Discount rates (as a percent)	8.00%
Recurring | Trading securities. | Maximum
Significant unobservable inputs used in the fair value measurements
Discount rates (as a percent)	17.00%
Recurring | Loans held for sale | Weighted average
Significant unobservable inputs used in the fair value measurements
Projected price (as a percent)	95.00%
Recurring | Loans held for sale | Minimum
Significant unobservable inputs used in the fair value measurements
Projected price (as a percent)	93.00%
Recurring | Loans held for sale | Maximum
Significant unobservable inputs used in the fair value measurements
Projected price (as a percent)	95.00%

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy [Abstract]
Transfers of assets from level 1 to level 2	$ 0	$ 0	$ 0
Transfers of assets from level 2 to level 1	0	0	0
Transfers of liabilities from level 1 to level 2	0	0	0
Transfers of liabilities from level 2 to level 1	0	0	0
Fair Value, Option, Aggregate Differences [Abstract]
Net Gains (Losses)	519,103	390,361	457,531
Other Noninterest Income	106,465	79,541	44,670
Loans held for sale
Fair Value, Option, Aggregate Differences [Abstract]
Net Gains (Losses)	(2,970)	31,805	(19,353)
Total Changes in Fair Value	(2,970)	31,805	(19,353)
Investment in SWS common stock
Fair Value, Option, Aggregate Differences [Abstract]
Other Noninterest Income		5,985
Total Changes in Fair Value		5,985
MSR
Fair Value, Option, Aggregate Differences [Abstract]
Net Gains (Losses)	(8,844)	(7,663)	4,183
Total Changes in Fair Value	$ (8,844)	$ (7,663)	4,183
Time deposits
Fair Value, Option, Aggregate Differences [Abstract]
Other Noninterest Income			12
Total Changes in Fair Value			$ 12

Fair Value Measurements - Impai

Fair Value Measurements - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Jan. 01, 2015	Sep. 13, 2013	Nov. 30, 2012
SWS
Fair value measurements
Fair value of loans acquired		$ 863,819
SWS | PCI loans
Fair value measurements
Fair value of loans acquired		73,459
Level 3 | Plains Capital | PCI loans
Fair value measurements
Fair value of loans acquired				$ 172,900
Level 3 | Plains Capital | PCI loans | Weighted average
Fair Value Inputs [Abstract]
Weighted average default rate	57.00%
Weighted average loss severity rate	49.00%
Weighted average prepayment speed	0.00%
Weighted average expected loss	28.00%
Level 3 | FNB | PCI loans
Fair value measurements
Fair value of loans acquired			$ 822,800
Level 3 | FNB | PCI loans | Weighted average
Fair Value Inputs [Abstract]
Weighted average default rate	56.00%
Weighted average loss severity rate	35.00%
Weighted average prepayment speed	6.00%
Weighted average expected loss	20.00%
Level 3 | SWS | PCI loans
Fair value measurements
Fair value of loans acquired		$ 73,500
Level 3 | SWS | PCI loans | Weighted average
Fair Value Inputs [Abstract]
Weighted average default rate	48.00%
Weighted average loss severity rate	31.00%
Weighted average prepayment speed	0.00%
Weighted average expected loss	15.00%

Fair Value Measurements - OREO

Fair Value Measurements - OREO (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 01, 2015	Sep. 13, 2013
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	$ 5,174,625				$ 3,883,435				$ 5,174,625	$ 3,883,435
Covered impaired loans	378,762				638,029				378,762	638,029
Covered other real estate owned	99,090				136,945				99,090	136,945
Provision for loan losses	4,277	$ 5,593	$ 158	$ 2,687	4,125	$ 4,033	$ 5,533	$ 3,242	12,715	16,933	$ 37,158
Covered
Fair Value, Net Asset (Liability) [Abstract]
Covered impaired loans	378,762				638,029				378,762	638,029
Covered other real estate owned	99,090				136,945				99,090	136,945	142,833
Provision for loan losses									542	9,186	1,065
Noncovered
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	5,174,625				3,883,435				5,174,625	3,883,435
Provision for loan losses									12,173	7,747	36,093
FNB | Covered
Fair value measurements
Acquired OREO													$ 135,187
Estimate of Fair Value Measurement
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	5,203,374				3,907,194				5,203,374	3,907,194
Covered impaired loans	527,201				767,751				527,201	767,751
Level 2 | Estimate of Fair Value Measurement
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	602,968				378,425				602,968	378,425
Level 3 | SWS
Fair value measurements
Acquired OREO												$ 5,600
Level 3 | Estimate of Fair Value Measurement
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	4,600,406				3,528,769				4,600,406	3,528,769
Covered impaired loans	527,201				767,751				527,201	767,751
Non-recurring | Estimate of Fair Value Measurement | Covered
Fair Value, Net Asset (Liability) [Abstract]
Covered impaired loans	58,135								58,135
Covered other real estate owned	36,024								36,024
Provision for loan losses									3,034	(3,652)
Total Gains (Losses) of other real estate owned									(16,555)	(19,672)
Non-recurring | Estimate of Fair Value Measurement | Noncovered
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	49,277								49,277
Provision for loan losses									(126)	(2,182)	(3,558)
Total Gains (Losses) of other real estate owned									(28)	(372)	$ 430
Non-recurring | Level 2 | Estimate of Fair Value Measurement | Covered
Fair Value, Net Asset (Liability) [Abstract]
Covered other real estate owned	36,024								36,024
Non-recurring | Level 2 | Estimate of Fair Value Measurement | Noncovered
Fair value measurements
Other real estate owned	400				800				400	800
Non-recurring | Level 3 | FNB | Covered | Bank
Fair value measurements
Acquired OREO													$ 135,200
Non-recurring | Level 3 | Estimate of Fair Value Measurement | Covered
Fair value measurements
Other real estate owned	99,100				$ 136,900				99,100	$ 136,900
Fair Value, Net Asset (Liability) [Abstract]
Covered impaired loans	58,135								58,135
Non-recurring | Level 3 | Estimate of Fair Value Measurement | Noncovered
Fair Value, Net Asset (Liability) [Abstract]
Non-covered impaired loans	$ 49,277								$ 49,277

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial assets:
Held to maturity securities	$ 331,468	$ 118,345
Non-covered loans, net	5,174,625	3,883,435
Covered loans, net	378,762	638,029
Broker-dealer and clearing organization receivables	1,362,499	167,884
FDIC indemnification asset	91,648	130,437	$ 188,291
Financial liabilities:
Broker-dealer and clearing organization payables	1,338,305	179,042
Level 2
Financial assets:
Loans held for sale	1,434,955	1,263,135
Level 3
Financial assets:
Loans held for sale	25,880	9,017
Carrying Amount
Financial assets:
Cash and cash equivalents	669,445	813,075
Securities purchased under agreements to resell	105,660
Assets segregated for regulatory purposes	158,613	76,013
Held to maturity securities	332,022	118,209
Loans held for sale	72,843	37,541
Non-covered loans, net	5,174,625	3,883,435
Covered loans, net	378,762	638,029
Broker-dealer and clearing organization receivables	1,362,499	167,884
FDIC indemnification asset	91,648	130,437
Other assets	68,786	59,432
Financial liabilities:
Deposits	6,952,683	6,369,892
Broker-dealer and clearing organization payables	1,338,305	179,042
Short-term borrowings	947,373	762,696
Debt	305,728	123,696
Other liabilities	3,699	2,144
Estimate of Fair Value Measurement
Financial assets:
Cash and cash equivalents	669,445	813,075
Securities purchased under agreements to resell	105,660
Assets segregated for regulatory purposes	158,613	76,013
Held to maturity securities	331,468	118,345
Loans held for sale	72,843	37,541
Non-covered loans, net	5,203,374	3,907,194
Covered loans, net	527,201	767,751
Broker-dealer and clearing organization receivables	1,362,499	167,884
FDIC indemnification asset	91,648	130,437
Other assets	68,786	59,432
Financial liabilities:
Deposits	6,955,919	6,365,555
Broker-dealer and clearing organization payables	1,338,305	179,042
Short-term borrowings	947,373	762,696
Debt	299,257	117,028
Other liabilities	3,699	2,144
Estimate of Fair Value Measurement | Level 1
Financial assets:
Cash and cash equivalents	669,445	813,075
Assets segregated for regulatory purposes	158,613	76,013
Estimate of Fair Value Measurement | Level 2
Financial assets:
Securities purchased under agreements to resell	105,660
Held to maturity securities	331,468	118,345
Loans held for sale	72,843	37,541
Non-covered loans, net	602,968	378,425
Broker-dealer and clearing organization receivables	1,362,499	167,884
Other assets	53,214	43,937
Financial liabilities:
Deposits	6,955,919	6,365,555
Broker-dealer and clearing organization payables	1,338,305	179,042
Short-term borrowings	947,373	762,696
Debt	299,257	117,028
Other liabilities	3,699	2,144
Estimate of Fair Value Measurement | Level 3
Financial assets:
Non-covered loans, net	4,600,406	3,528,769
Covered loans, net	527,201	767,751
FDIC indemnification asset	91,648	130,437
Other assets	$ 15,572	$ 15,495

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of fair value of trading securities
Trading Securities	$ 214,146	$ 65,717
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	130,044	48
U.S. Treasury securities
Schedule of fair value of trading securities
Trading Securities	20,481
Bonds
Schedule of fair value of trading securities
Trading Securities	36,244
Residential mortgage-backed securities
Schedule of fair value of trading securities
Trading Securities	12,505	5,126
Commercial mortgage-backed securities
Schedule of fair value of trading securities
Trading Securities	19,280	19,932
Collateralized mortgage obligations
Schedule of fair value of trading securities
Trading Securities	264
Corporate securities
Schedule of fair value of trading securities
Trading Securities	34,735	4
States and political subdivisions
Schedule of fair value of trading securities
Trading Securities	58,588	40,616
Unit investment trusts
Schedule of fair value of trading securities
Trading Securities	18,400
Private-label securitized product
Schedule of fair value of trading securities
Trading Securities	12,324
Other
Schedule of fair value of trading securities
Trading Securities	$ 1,325	$ 39

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available for sale
Amortized Cost	$ 670,003	$ 924,755
Gross Unrealized Gains	9,019	11,542
Gross Unrealized Losses	(5,316)	(10,762)
Fair Value	673,706	925,535
Held to maturity
Amortized cost	332,022	118,209
Unrealized Gains	953	575
Unrealized Losses	(1,507)	(439)
Held to maturity, fair value	331,468	118,345
U.S. Treasury securities
Available for sale
Amortized Cost	44,430	19,382
Gross Unrealized Gains	206	264
Gross Unrealized Losses	(33)	(33)
Fair Value	44,603	19,613
Held to maturity
Amortized cost	25,146	25,008
Unrealized Losses	(30)	(6)
Held to maturity, fair value	25,116	25,002
Bonds
Available for sale
Amortized Cost	297,448	522,008
Gross Unrealized Gains	1,135	1,749
Gross Unrealized Losses	(1,947)	(7,516)
Fair Value	296,636	516,241
Held to maturity
Amortized cost	69,379
Unrealized Gains	145
Unrealized Losses	(372)
Held to maturity, fair value	69,152
Residential mortgage-backed securities
Available for sale
Amortized Cost	34,864	40,171
Gross Unrealized Gains	1,008	1,672
Gross Unrealized Losses	(19)
Fair Value	35,853	41,843
Held to maturity
Amortized cost	23,735	29,782
Unrealized Gains	311	528
Held to maturity, fair value	24,046	30,310
Commercial mortgage-backed securities
Available for sale
Amortized Cost	9,174	11,192
Gross Unrealized Gains	35
Gross Unrealized Losses	(2)	(137)
Fair Value	9,207	11,055
Held to maturity
Amortized cost	18,658
Unrealized Gains	27
Unrealized Losses	(92)
Held to maturity, fair value	18,593
Collateralized mortgage obligations
Available for sale
Amortized Cost	54,297	89,291
Gross Unrealized Gains	48	133
Gross Unrealized Losses	(1,644)	(2,300)
Fair Value	52,701	87,124
Held to maturity
Amortized cost	167,541	57,328
Unrealized Gains	302
Unrealized Losses	(970)	(430)
Held to maturity, fair value	166,873	56,898
Corporate securities
Available for sale
Amortized Cost	94,877	93,406
Gross Unrealized Gains	3,399	5,125
Gross Unrealized Losses	(326)	(59)
Fair Value	97,950	98,472
States and political subdivisions
Available for sale
Amortized Cost	116,246	135,419
Gross Unrealized Gains	2,581	2,083
Gross Unrealized Losses	(102)	(717)
Fair Value	118,725	136,785
Held to maturity
Amortized cost	27,563	6,091
Unrealized Gains	168	47
Unrealized Losses	(43)	(3)
Held to maturity, fair value	27,688	6,135
Commercial mortgage backed securities
Available for sale
Amortized Cost	498	593
Gross Unrealized Gains	33	47
Fair Value	531	640
Equity securities
Available for sale
Amortized Cost	18,169	13,293
Gross Unrealized Gains	574	469
Gross Unrealized Losses	(1,243)
Fair Value	$ 17,500	$ 13,762

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	41	17
Unrealized loss for twelve months or longer | item	49	117
Total | item	90	134
Fair Value
Unrealized loss for less than twelve months	$ 217,328	$ 54,123
Unrealized loss for twelve months or longer	116,001	503,022
Estimated Fair Value, Total	333,329	557,145
Unrealized Loss
Unrealized loss for less than twelve months	2,135	227
Unrealized loss for twelve months or longer	3,181	10,535
Total	$ 5,316	$ 10,762
U.S. Treasury securities
Number of Securities
Unrealized loss for less than twelve months | item	8	4
Unrealized loss for twelve months or longer | item		1
Total | item	8	5
Fair Value
Unrealized loss for less than twelve months	$ 33,791	$ 7,703
Unrealized loss for twelve months or longer		1,706
Estimated Fair Value, Total	33,791	9,409
Unrealized Loss
Unrealized loss for less than twelve months	33	27
Unrealized loss for twelve months or longer		6
Total	$ 33	$ 33
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	7	3
Unrealized loss for twelve months or longer | item	3	22
Total | item	10	25
Fair Value
Unrealized loss for less than twelve months	$ 148,327	$ 34,847
Unrealized loss for twelve months or longer	44,321	373,035
Estimated Fair Value, Total	192,648	407,882
Unrealized Loss
Unrealized loss for less than twelve months	896	153
Unrealized loss for twelve months or longer	1,051	7,363
Total	$ 1,947	$ 7,516
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	3
Unrealized loss for twelve months or longer | item	1
Total | item	4
Fair Value
Unrealized loss for less than twelve months	$ 3,407
Unrealized loss for twelve months or longer	982
Estimated Fair Value, Total	4,389
Unrealized Loss
Unrealized loss for less than twelve months	5
Unrealized loss for twelve months or longer	14
Total	$ 19
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	1
Unrealized loss for twelve months or longer | item		4
Total | item	1	4
Fair Value
Unrealized loss for less than twelve months	$ 1,611
Unrealized loss for twelve months or longer		$ 11,056
Estimated Fair Value, Total	1,611	11,056
Unrealized Loss
Unrealized loss for less than twelve months	2
Unrealized loss for twelve months or longer		137
Total	$ 2	$ 137
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months | item	2	3
Unrealized loss for twelve months or longer | item	8	8
Total | item	10	11
Fair Value
Unrealized loss for less than twelve months	$ 1,590	$ 7,141
Unrealized loss for twelve months or longer	42,399	61,108
Estimated Fair Value, Total	43,989	68,249
Unrealized Loss
Unrealized loss for less than twelve months	4	40
Unrealized loss for twelve months or longer	1,640	2,260
Total	$ 1,644	$ 2,300
Corporate securities
Number of Securities
Unrealized loss for less than twelve months | item	16
Unrealized loss for twelve months or longer | item	1	1
Total | item	17	1
Fair Value
Unrealized loss for less than twelve months	$ 16,635
Unrealized loss for twelve months or longer	1,949	$ 1,939
Estimated Fair Value, Total	18,584	1,939
Unrealized Loss
Unrealized loss for less than twelve months	277
Unrealized loss for twelve months or longer	49	59
Total	$ 326	$ 59
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	2	7
Unrealized loss for twelve months or longer | item	35	81
Total | item	37	88
Fair Value
Unrealized loss for less than twelve months	$ 3,018	$ 4,432
Unrealized loss for twelve months or longer	24,423	54,178
Estimated Fair Value, Total	27,441	58,610
Unrealized Loss
Unrealized loss for less than twelve months	9	7
Unrealized loss for twelve months or longer	93	710
Total	$ 102	$ 717
Equity securities
Number of Securities
Unrealized loss for less than twelve months | item	2
Unrealized loss for twelve months or longer | item	1
Total | item	3
Fair Value
Unrealized loss for less than twelve months	$ 8,949
Unrealized loss for twelve months or longer	1,927
Estimated Fair Value, Total	10,876
Unrealized Loss
Unrealized loss for less than twelve months	909
Unrealized loss for twelve months or longer	334
Total	$ 1,243

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	42	7
Unrealized loss for twelve months or longer | item	1
Total | item	43	7
Fair Value
Unrealized loss for less than twelve months	$ 223,113	$ 83,799
Unrealized loss for twelve months or longer	2,664
Total	225,777	83,799
Unrealized Losses
Unrealized loss for less than twelve months	1,499	439
Unrealized loss for twelve months or longer	8
Total	$ 1,507	$ 439
U.S. Treasury securities
Number of Securities
Unrealized loss for less than twelve months | item	1	1
Total | item	1	1
Fair Value
Unrealized loss for less than twelve months	$ 25,115	$ 25,002
Total	25,115	25,002
Unrealized Losses
Unrealized loss for less than twelve months	30	6
Total	$ 30	$ 6
U.S. government agencies
Number of Securities
Unrealized loss for less than twelve months | item	6
Total | item	6
Fair Value
Unrealized loss for less than twelve months	$ 46,607
Total	46,607
Unrealized Losses
Unrealized loss for less than twelve months	372
Total	$ 372
Commercial mortgage backed securities
Number of Securities
Unrealized loss for less than twelve months | item	7
Total | item	7
Fair Value
Unrealized loss for less than twelve months	$ 16,098
Total	16,098
Unrealized Losses
Unrealized loss for less than twelve months	92
Total	$ 92
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months | item	10	2
Total | item	10	2
Fair Value
Unrealized loss for less than twelve months	$ 127,393	$ 56,898
Total	127,393	56,898
Unrealized Losses
Unrealized loss for less than twelve months	970	430
Total	$ 970	$ 430
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	18	4
Unrealized loss for twelve months or longer | item	1
Total | item	19	4
Fair Value
Unrealized loss for less than twelve months	$ 7,900	$ 1,899
Unrealized loss for twelve months or longer	2,664
Total	10,564	1,899
Unrealized Losses
Unrealized loss for less than twelve months	35	3
Unrealized loss for twelve months or longer	8
Total	$ 43	$ 3

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) $ in Thousands	Dec. 31, 2015USD ($)
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 50,723
Due after one year through five years	71,159
Due after five years through ten years	72,187
Due after ten years	358,932
Total	553,001
Total amortized cost	651,834
AFS, Fair Value, Rolling Maturity
Due in one year or less	50,940
Due after one year through five years	73,540
Due after five years through ten years	74,461
Due after ten years	358,973
Total	557,914
Fair Value	656,206
Residential mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	34,864
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	35,853
Collateralized mortgage obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	54,297
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	52,701
Commercial mortgage backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	9,672
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 9,738

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 26,668
Due after one year through five years	20,457
Due after five years through ten years	4,066
Due after ten years	70,897
Total	122,088
Amortized cost	332,022	$ 118,209
HTM, Fair Value, Rolling Maturities
Due in one year or less	26,639
Due after one year through five years	20,611
Due after five years through ten years	4,097
Due after ten years	70,609
Total	121,956
Held to maturity, fair value	331,468	118,345
Residential mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	23,735
Amortized cost	23,735	29,782
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	24,046
Held to maturity, fair value	24,046	30,310
Collateralized mortgage obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	167,541
Amortized cost	167,541	57,328
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	166,873
Held to maturity, fair value	166,873	$ 56,898
Commercial mortgage backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	18,658
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 18,593

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Securities
Realized net gain (loss) from trading securities portfolio	$ 13.1	$ 2.1	$ (2.8)
Carrying amount of securities pledged	789.9	895.5
Fair value of securities pledged	790.2	890.3
Deposit with various state insurance departments	$ 9.2	$ 9.2

Non-Covered Loans and Allowan97

Non-Covered Loans and Allowance for Non-Covered Loan Losses - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans
Total loans	$ 5,220,040	$ 3,920,476
Allowance for loan losses	(45,415)	(37,041)
Non-covered loans, net	5,174,625	3,883,435
Noncovered
Loans
Total loans	5,220,040	3,920,476
Allowance for loan losses	(45,415)	(37,041)	$ (33,241)	$ (3,409)
Non-covered loans, net	5,174,625	3,883,435
Noncovered | Commercial and industrial
Loans
Total loans	2,155,773	1,758,851
Allowance for loan losses	(20,054)	(18,999)	(16,865)	(1,845)
Margin loans to customers and correspondents	602,800	378,400
Noncovered | Real estate
Loans
Total loans	2,313,239	1,694,835
Allowance for loan losses	(18,983)	(11,131)	(8,331)	(977)
Noncovered | Construction and land development
Loans
Total loans	705,356	413,643
Allowance for loan losses	(6,064)	(6,450)	(7,957)	(582)
Noncovered | Consumer
Loans
Total loans	45,672	53,147
Allowance for loan losses	$ (314)	$ (461)	$ (88)	$ (5)

Non-Covered Loans and Allowan98

Non-Covered Loans and Allowance for Non-Covered Loan Losses - PCI Loans (Details) - Noncovered - PCI loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Carrying values and the outstanding contractual balances of the PCI loans
Carrying amount	$ 72,054	$ 48,909
Outstanding balance	92,682	67,740
Changes in the accretable yield for the acquired impaired loans
Balance, beginning of period	12,814	17,601	$ 17,553
Additions	14,579		622
Reclassifications from (to) nonaccretable difference, net	19,759	15,225	18,793
Disposals of loans	(2,371)	(4,927)	(3,692)
Accretion	(27,037)	(15,085)	(15,675)
Balance, end of period	17,744	12,814	$ 17,601
Nonaccretable difference	$ 28,500	$ 18,400

Non-Covered Loans and Allowan99

Non-Covered Loans and Allowance for Non-Covered Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impaired loans
Days outstanding loans and leases receivable are generally considered past due	90 days
Noncovered
Non-covered impaired loans
Unpaid Contractual Principal balance	$ 143,782	$ 111,615
Recorded Investment with No Allowance	42,614	31,247
Recorded Investment with Allowance	43,663	32,563
Total Recorded Investment	86,277	63,810
Related Allowance	5,866	5,740
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	75,045	82,102	$ 133,588
Non-accrual loans
Non-accrual loans	23,481	19,042
Interest income recorded on accruing impaired loans	8,900	3,300	3,200
Noncovered | Secured
Non-covered impaired loans
Unpaid Contractual Principal balance	53,819	51,036
Recorded Investment with No Allowance	12,256	14,096
Recorded Investment with Allowance	13,847	11,783
Total Recorded Investment	26,103	25,879
Related Allowance	2,721	3,341
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	25,991	30,626	51,670
Non-accrual loans
Non-accrual loans	17,717	16,488
Noncovered | Unsecured
Non-covered impaired loans
Unpaid Contractual Principal balance	2,796	4,120
Recorded Investment with No Allowance	47	92
Recorded Investment with Allowance		68
Total Recorded Investment	47	160
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	104	802	2,432
Non-accrual loans
Non-accrual loans	47	160
Noncovered | Secured by commercial properties
Non-covered impaired loans
Unpaid Contractual Principal balance	58,043	29,865
Recorded Investment with No Allowance	16,304	7,243
Recorded Investment with Allowance	25,214	15,536
Total Recorded Investment	41,518	22,779
Related Allowance	2,756	1,878
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	32,149	29,517	45,887
Non-accrual loans
Non-accrual loans	4,597	438
Noncovered | Secured by residential properties
Non-covered impaired loans
Unpaid Contractual Principal balance	16,507	4,701
Recorded Investment with No Allowance	9,875	1,583
Recorded Investment with Allowance	2,690	1,390
Total Recorded Investment	12,565	2,973
Related Allowance	175	85
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	7,769	2,984	4,862
Non-accrual loans
Non-accrual loans	999	1,253
Non-accrual loans held for sale	1,600	3,000
Noncovered | Residential construction loans
Non-covered impaired loans
Unpaid Contractual Principal balance	395
Recorded Investment with Allowance	221
Total Recorded Investment	221
Related Allowance	8
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	111		354
Noncovered | Commercial construction loans and land development
Non-covered impaired loans
Unpaid Contractual Principal balance	8,060	16,108
Recorded Investment with No Allowance	3,397	8,062
Recorded Investment with Allowance	1,646	1,819
Total Recorded Investment	5,043	9,881
Related Allowance	174	154
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	7,462	14,849	26,090
Non-accrual loans
Non-accrual loans	114	703
Noncovered | Consumer
Non-covered impaired loans
Unpaid Contractual Principal balance	4,162	5,785
Recorded Investment with No Allowance	735	171
Recorded Investment with Allowance	45	1,967
Total Recorded Investment	780	2,138
Related Allowance	32	282
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	1,459	3,324	$ 2,293
Non-accrual loans
Non-accrual loans	7
Noncovered | PCI loans
Non-accrual loans
Non-accrual loans	$ 9,300	$ 6,600

Non-Covered Loans and Allowa100

Non-Covered Loans and Allowance for Non-Covered Loan Losses - TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)
AB Note | Minimum | Bank
TDRs, Non-covered loans
Number of loans into which a single loan is reconfigured | item	2
Noncovered
TDRs, Non-covered loans
Total Modifications	$ 1,122	$ 3,158	$ 11,446
Recorded Investment in loans
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | item		0
Number of TDRs granted | item	1
Recorded Investment	$ 1,040
Noncovered | Bank
TDRs, Non-covered loans
Unadvanced commitments to borrowers		$ 500
Noncovered | Payment Term Extension
TDRs, Non-covered loans
Total Modifications	1,122	3,158	11,446
Noncovered | Secured
TDRs, Non-covered loans
Total Modifications	82	2,465	10,390
Noncovered | Secured | Payment Term Extension
TDRs, Non-covered loans
Total Modifications	82	2,465	10,390
Noncovered | Secured by commercial properties
TDRs, Non-covered loans
Total Modifications	$ 1,040	317	279
Recorded Investment in loans
Number of TDRs granted | item	1
Recorded Investment	$ 1,040
Noncovered | Secured by commercial properties | Payment Term Extension
TDRs, Non-covered loans
Total Modifications	$ 1,040	317	279
Noncovered | Secured by residential properties
TDRs, Non-covered loans
Total Modifications		248	777
Noncovered | Secured by residential properties | Payment Term Extension
TDRs, Non-covered loans
Total Modifications		248	$ 777
Noncovered | Commercial construction loans and land development
TDRs, Non-covered loans
Total Modifications		128
Noncovered | Commercial construction loans and land development | Payment Term Extension
TDRs, Non-covered loans
Total Modifications		$ 128

Non-Covered Loans and Allowa101

Non-Covered Loans and Allowance for Non-Covered Loan Losses - Aging (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	$ 5,220,040	$ 3,920,476
Noncovered
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	18,056	11,537
Loans past Due 60-89 Days	6,822	2,191
Loans past Due 90 Days or More	9,157	8,597
Total Past Due Loans	34,035	22,325
Current Loans	5,113,951	3,849,242
Total loans	5,220,040	3,920,476
Accruing Loans Past Due 90 Days or More	12
Unpaid principal balance loans past due 90 days or more	51,100	19,200
Noncovered | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	72,054	48,909
Noncovered | Secured
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	14,869	6,073
Loans past Due 60-89 Days	3,960	964
Loans past Due 90 Days or More	8,414	8,022
Total Past Due Loans	27,243	15,059
Current Loans	2,009,505	1,620,000
Total loans	2,050,098	1,648,433
Accruing Loans Past Due 90 Days or More	12
Noncovered | Secured | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	13,350	13,374
Noncovered | Unsecured
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	18	35
Loans past Due 60-89 Days	1	3
Total Past Due Loans	19	38
Current Loans	105,656	110,312
Total loans	105,675	110,418
Noncovered | Unsecured | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans		68
Noncovered | Secured by commercial properties
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	1,008	67
Loans past Due 60-89 Days	964
Loans past Due 90 Days or More	293
Total Past Due Loans	2,265	67
Current Loans	1,528,084	1,173,504
Total loans	1,571,477	1,195,912
Noncovered | Secured by commercial properties | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	41,128	22,341
Noncovered | Secured by residential properties
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	726	454
Loans past Due 60-89 Days	35	1,187
Loans past Due 90 Days or More	336
Total Past Due Loans	1,097	1,641
Current Loans	729,018	495,472
Total loans	741,762	498,923
Noncovered | Secured by residential properties | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	11,647	1,810
Noncovered | Residential construction loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	343	175
Total Past Due Loans	343	175
Current Loans	103,819	64,871
Total loans	104,383	65,046
Noncovered | Residential construction loans | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	221
Noncovered | Commercial construction loans and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	733	4,319
Loans past Due 60-89 Days	1,845
Loans past Due 90 Days or More	114	575
Total Past Due Loans	2,692	4,894
Current Loans	593,352	334,525
Total loans	600,973	348,597
Noncovered | Commercial construction loans and land development | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	4,929	9,178
Noncovered | Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans past Due 30-59 Days	359	414
Loans past Due 60-89 Days	17	37
Total Past Due Loans	376	451
Current Loans	44,517	50,558
Total loans	45,672	53,147
Noncovered | Consumer | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	779	2,138
Noncovered | Prime Lending | U.S. government agencies
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Accruing Loans Past Due 90 Days or More	$ 50,800	$ 19,200

Non-Covered Loans and Allowa102

Non-Covered Loans and Allowance for Non-Covered Loan Losses - Internal Risk Grades (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Internal risk grades of non-covered loans
Total	$ 5,220,040	$ 3,920,476
Noncovered
Internal risk grades of non-covered loans
Total	5,220,040	3,920,476
Noncovered | Pass
Internal risk grades of non-covered loans
Total	5,066,470	3,774,559
Noncovered | Special Mention
Internal risk grades of non-covered loans
Total	1,571	1,817
Noncovered | Substandard
Internal risk grades of non-covered loans
Total	79,945	95,191
Noncovered | Secured
Internal risk grades of non-covered loans
Total	2,050,098	1,648,433
Noncovered | Secured | Pass
Internal risk grades of non-covered loans
Total	1,975,639	1,566,208
Noncovered | Secured | Special Mention
Internal risk grades of non-covered loans
Total		1,105
Noncovered | Secured | Substandard
Internal risk grades of non-covered loans
Total	61,109	67,746
Noncovered | Unsecured
Internal risk grades of non-covered loans
Total	105,675	110,418
Noncovered | Unsecured | Pass
Internal risk grades of non-covered loans
Total	105,569	110,256
Noncovered | Unsecured | Substandard
Internal risk grades of non-covered loans
Total	106	94
Noncovered | Secured by commercial properties
Internal risk grades of non-covered loans
Total	1,571,477	1,195,912
Noncovered | Secured by commercial properties | Pass
Internal risk grades of non-covered loans
Total	1,517,049	1,151,454
Noncovered | Secured by commercial properties | Special Mention
Internal risk grades of non-covered loans
Total	1,536	712
Noncovered | Secured by commercial properties | Substandard
Internal risk grades of non-covered loans
Total	11,764	21,405
Noncovered | Secured by residential properties
Internal risk grades of non-covered loans
Total	741,762	498,923
Noncovered | Secured by residential properties | Pass
Internal risk grades of non-covered loans
Total	724,701	492,549
Noncovered | Secured by residential properties | Substandard
Internal risk grades of non-covered loans
Total	5,414	4,564
Noncovered | Residential construction loans
Internal risk grades of non-covered loans
Total	104,383	65,046
Noncovered | Residential construction loans | Pass
Internal risk grades of non-covered loans
Total	104,162	65,046
Noncovered | Commercial construction loans and land development
Internal risk grades of non-covered loans
Total	600,973	348,597
Noncovered | Commercial construction loans and land development | Pass
Internal risk grades of non-covered loans
Total	594,614	338,078
Noncovered | Commercial construction loans and land development | Substandard
Internal risk grades of non-covered loans
Total	1,430	1,341
Noncovered | Consumer
Internal risk grades of non-covered loans
Total	45,672	53,147
Noncovered | Consumer | Pass
Internal risk grades of non-covered loans
Total	44,736	50,968
Noncovered | Consumer | Special Mention
Internal risk grades of non-covered loans
Total	35
Noncovered | Consumer | Substandard
Internal risk grades of non-covered loans
Total	122	41
Noncovered | PCI loans
Internal risk grades of non-covered loans
Total	72,054	48,909
Noncovered | PCI loans | Secured
Internal risk grades of non-covered loans
Total	13,350	13,374
Noncovered | PCI loans | Unsecured
Internal risk grades of non-covered loans
Total		68
Noncovered | PCI loans | Secured by commercial properties
Internal risk grades of non-covered loans
Total	41,128	22,341
Noncovered | PCI loans | Secured by residential properties
Internal risk grades of non-covered loans
Total	11,647	1,810
Noncovered | PCI loans | Residential construction loans
Internal risk grades of non-covered loans
Total	221
Noncovered | PCI loans | Commercial construction loans and land development
Internal risk grades of non-covered loans
Total	4,929	9,178
Noncovered | PCI loans | Consumer
Internal risk grades of non-covered loans
Total	$ 779	$ 2,138

Non-Covered Loans and Allowa103

Non-Covered Loans and Allowance for Non-Covered Loan Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Changes in the allowance for loan losses
Balance, beginning of period				$ 37,041					$ 37,041
Provision charged to (recapture from) operations operations	$ 4,277	$ 5,593	$ 158	2,687	$ 4,125	$ 4,033	$ 5,533	$ 3,242	12,715	$ 16,933	$ 37,158
Balance, end of period	45,415				37,041				45,415	37,041
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												$ 5,220,040	$ 3,920,476
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	45,415			37,041	37,041				$ 37,041	37,041		45,415	37,041
Originated Financing Receivable
Allowance for loan losses
Rolling period considered for average net loss rate to calculate historical loss factors									3 years
Weighted average loss rate for recent four quarters (as a percent)									120.00%
Weighted average loss rate for oldest four quarters (as a percent)									80.00%
Originated Financing Receivable | Minimum
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												500
Noncovered
Changes in the allowance for loan losses
Balance, beginning of period				37,041				33,241	$ 37,041	33,241	3,409
Provision charged to (recapture from) operations operations									12,173	7,747	36,093
Loans charged off									(8,127)	(7,399)	(10,308)
Recoveries on charged off loans									4,328	3,452	4,047
Balance, end of period	45,415				37,041				45,415	37,041	33,241
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												11,451	13,965
Loans collectively evaluated for impairment												5,136,535	3,857,602
Total loans												5,220,040	3,920,476
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance												1,380	421
Loans collectively evaluated for impairment, allowance												39,549	31,301
Total loans, allowance	45,415			37,041	37,041			33,241	37,041	33,241	3,409	45,415	37,041
Noncovered | Commercial and industrial
Changes in the allowance for loan losses
Balance, beginning of period				18,999				16,865	18,999	16,865	1,845
Provision charged to (recapture from) operations operations									4,518	6,116	20,940
Loans charged off									(7,144)	(6,926)	(9,359)
Recoveries on charged off loans									3,681	2,944	3,439
Balance, end of period	20,054				18,999				20,054	18,999	16,865
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												11,354	11,842
Loans collectively evaluated for impairment												2,131,069	1,733,567
Total loans												2,155,773	1,758,851
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance												1,380	421
Loans collectively evaluated for impairment, allowance												17,333	15,658
Total loans, allowance	20,054			18,999	18,999			16,865	18,999	16,865	1,845	20,054	18,999
Noncovered | Real estate
Changes in the allowance for loan losses
Balance, beginning of period				11,131				8,331	11,131	8,331	977
Provision charged to (recapture from) operations operations									7,937	2,696	7,281
Loans charged off									(605)	(114)	(209)
Recoveries on charged off loans									520	218	282
Balance, end of period	18,983				11,131				18,983	11,131	8,331
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												97	1,420
Loans collectively evaluated for impairment												2,260,367	1,669,264
Total loans												2,313,239	1,694,835
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												16,052	9,168
Total loans, allowance	18,983			11,131	11,131			8,331	11,131	8,331	977	18,983	11,131
Noncovered | Construction and land development
Changes in the allowance for loan losses
Balance, beginning of period				6,450				7,957	6,450	7,957	582
Provision charged to (recapture from) operations operations									(386)	(1,692)	7,634
Loans charged off											(524)
Recoveries on charged off loans										185	265
Balance, end of period	6,064				6,450				6,064	6,450	7,957
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment													703
Loans collectively evaluated for impairment												700,206	403,762
Total loans												705,356	413,643
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												5,882	6,296
Total loans, allowance	6,064			6,450	6,450			7,957	6,450	7,957	582	6,064	6,450
Noncovered | Consumer
Changes in the allowance for loan losses
Balance, beginning of period				461				88	461	88	5
Provision charged to (recapture from) operations operations									104	627	238
Loans charged off									(378)	(359)	(216)
Recoveries on charged off loans									127	105	61
Balance, end of period	314				461				314	461	88
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment												44,893	51,009
Total loans												45,672	53,147
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												282	179
Total loans, allowance	314			461	461			$ 88	461	88	$ 5	314	461
Noncovered | PCI loans
Changes in the allowance for loan losses
Balance, beginning of period				5,319					5,319
Balance, end of period	4,486				5,319				4,486	5,319
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												72,054	48,909
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	4,486			5,319	5,319				5,319	5,319		4,486	5,319
Noncovered | PCI loans | Commercial and industrial
Changes in the allowance for loan losses
Balance, beginning of period				2,920					2,920
Balance, end of period	1,341				2,920				1,341	2,920
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												13,350	13,442
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	1,341			2,920	2,920				2,920	2,920		1,341	2,920
Noncovered | PCI loans | Real estate
Changes in the allowance for loan losses
Balance, beginning of period				1,963					1,963
Balance, end of period	2,931				1,963				2,931	1,963
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												52,775	24,151
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	2,931			1,963	1,963				1,963	1,963		2,931	1,963
Noncovered | PCI loans | Construction and land development
Changes in the allowance for loan losses
Balance, beginning of period				154					154
Balance, end of period	182				154				182	154
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												5,150	9,178
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	182			154	154				154	154		182	154
Noncovered | PCI loans | Consumer
Changes in the allowance for loan losses
Balance, beginning of period				282					282
Balance, end of period	32				282				32	282
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												779	2,138
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	$ 32			$ 282	$ 282				$ 282	$ 282		$ 32	$ 282

Covered Assets and Indemnifi104

Covered Assets and Indemnification Asset - Indemnification Asset (Details) - Bank - FNB - USD ($) $ in Millions	Sep. 13, 2013	Dec. 31, 2015
Loans
Percentage of net losses to be absorbed by FDIC on the first $240.4 million of net losses incurred as per the loss sharing agreement	80.00%
Threshold amount of net losses incurred for 80% of net losses to be absorbed by FDIC as per the loss sharing agreement, first layer	$ 240.4
Percentage of net losses to be absorbed by FDIC in excess of $240.4 million up to and including $365.7 million of net losses incurred as per the loss sharing agreement	0.00%
Threshold amount of net losses incurred for 0% of net losses to be absorbed by FDIC as per the loss sharing agreement, second layer	$ 365.7
Percentage of net losses to be absorbed by FDIC in excess of $365.7 million of net losses incurred as per the loss sharing agreement	80.00%
Threshold limit of subsequent recoveries reimbursable to the FDIC under the loss share agreement	$ 0
Period for which payment is required to be made to the FDIC of true-up amount		10 years
Payment accrual based on the current aggregate estimate of realized losses		$ 5.5
Covered | Commercial loan
Loans
Period of loss-sharing agreements in effect	5 years
Period of loss recovery provisions in effect	8 years
Covered | Single family residential loans
Loans
Period of loss-sharing agreements in effect	10 years
Period of loss recovery provisions in effect	10 years

Covered Assets and Indemnifi105

Covered Assets and Indemnification Asset - Covered Loans Summary (Details) - USD ($) $ in Thousands	Sep. 13, 2013	Dec. 31, 2015	Dec. 31, 2014
Covered Loans
Allowance for covered loans		$ (1,532)	$ (4,611)
Total covered loans, net of allowance		378,762	638,029
Acquired loans
Loans
Carryover of the allowance for loan losses recorded		0
Covered
Covered Loans
Total covered loans		380,294	642,640
Allowance for covered loans		(1,532)	(4,611)
Total covered loans, net of allowance		378,762	638,029
Covered | Commercial and industrial
Covered Loans
Total covered loans		8,801	30,780
Covered | Real estate
Covered Loans
Total covered loans		341,048	552,850
Covered | Construction and land development
Covered Loans
Total covered loans		$ 30,445	59,010
Covered | Consumer
Covered Loans
Total covered loans			$ 0
Covered | Acquired loans
Loans
Fair value of loans acquired	$ 1,100,000
Carryover of the allowance for loan losses recorded	$ 0

Covered Assets and Indemnifi106

Covered Assets and Indemnification Asset - Covered PCI Loans (Details) - Covered - PCI loans - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Carrying value and the outstanding contractual balance of the covered PCI loans
Carrying amount		$ 221,974	$ 435,388
Outstanding balance		408,221	685,393
Changes in the accretable yield for the acquired impaired loans
Balance, beginning of period		193,493	156,548
Additions	$ 167,974
Reclassifications from (to) nonaccretable difference, net	3,492	70,884	105,470
Transfer of loans to covered OREO	4,407	(1,309)	7,703
Accretion	(19,325)	(86,349)	(76,228)
Balance, end of period	$ 156,548	176,719	193,493
Nonaccretable difference		$ 172,200	$ 382,500

Covered Assets and Indemnifi107

Covered Assets and Indemnification Asset - Impaired Loans (Details) - Covered - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	$ 481,103	$ 761,063
Recorded Investment with No Allowance	190,022	378,889
Recorded Investment with Allowance	36,145	59,747
Total Recorded Investment	226,167	438,636
Related Allowance	1,500	4,534
Average investment in covered impaired loans
Average investment	332,403	583,898	$ 364,579
Covered, Nonaccrual Loans
Non-accrual loans	8,978	34,223
Interest income recorded	17,200
Secured
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	15,532	26,447
Recorded Investment with No Allowance	3,380	7,436
Recorded Investment with Allowance	2,415	6,636
Total Recorded Investment	5,795	14,072
Related Allowance	495	265
Average investment in covered impaired loans
Average investment	9,934	21,296	14,260
Covered, Nonaccrual Loans
Non-accrual loans	68	442
Unsecured
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	9,377	14,111
Recorded Investment with No Allowance	619	2,107
Recorded Investment with Allowance	1,162	4,697
Total Recorded Investment	1,781	6,804
Related Allowance	246	882
Average investment in covered impaired loans
Average investment	4,293	8,347	4,945
Covered, Nonaccrual Loans
Non-accrual loans		883
Secured by commercial properties
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	211,657	387,302
Recorded Investment with No Allowance	67,983	193,111
Recorded Investment with Allowance	29,388	35,142
Total Recorded Investment	97,371	228,253
Related Allowance	245	2,381
Average investment in covered impaired loans
Average investment	162,812	296,780	182,653
Covered, Nonaccrual Loans
Non-accrual loans	442	30,823
Secured by residential properties
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	186,443	235,505
Recorded Investment with No Allowance	96,469	129,571
Recorded Investment with Allowance	3,180	12,918
Total Recorded Investment	99,649	142,489
Related Allowance	514	937
Average investment in covered impaired loans
Average investment	121,069	170,931	99,686
Covered, Nonaccrual Loans
Non-accrual loans	2,516	1,046
Residential construction loans
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	2,024	2,749
Recorded Investment with No Allowance	661	1,018
Recorded Investment with Allowance		354
Total Recorded Investment	661	1,372
Related Allowance		69
Average investment in covered impaired loans
Average investment	1,017	3,039	2,353
Covered, Nonaccrual Loans
Non-accrual loans	541	1,018
Commercial construction loans and land development
Impaired Financing Receivable, Recorded Investment [Abstract]
Unpaid Contractual Principal Balance	56,070	94,949
Recorded Investment with No Allowance	20,910	45,646
Total Recorded Investment	20,910	45,646
Average investment in covered impaired loans
Average investment	33,278	83,505	$ 60,682
Covered, Nonaccrual Loans
Non-accrual loans	5,411	11
PCI loans
Covered, Nonaccrual Loans
Non-accrual loans	$ 5,300	$ 31,200

Covered Assets and Indemnifi108

Covered Assets and Indemnification Asset - TDRs (Details) - Covered $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item
Covered Loans
Total Modifications	$ 824	$ 695
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | item		0
Recorded Investment in loans
Number of loans | item	2
Recorded Investment	$ 248
AB Note
Covered Loans
Total Modifications	188	$ 369
Interest Rate Adjustment
Covered Loans
Total Modifications	388	326
Payment Term Extension
Covered Loans
Total Modifications	$ 248
Secured by commercial properties
Recorded Investment in loans
Number of loans | item	1
Secured by residential properties
Covered Loans
Total Modifications	$ 824	695
Recorded Investment in loans
Number of loans | item	1
Recorded Investment	$ 248
Secured by residential properties | AB Note
Covered Loans
Total Modifications	188	369
Secured by residential properties | Interest Rate Adjustment
Covered Loans
Total Modifications	388	$ 326
Secured by residential properties | Payment Term Extension
Covered Loans
Total Modifications	$ 248

Covered Assets and Indemnifi109

Covered Assets and Indemnification Asset - Aging (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Covered Assets and Indemnification Asset
Total loans	$ 5,220,040	$ 3,920,476
Covered
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days	3,497	4,014
Loans past Due 60-89 Days	419	518
Loans past Due 90 Days or More	1,907	1,868
Total Past Due Loans	5,823	6,400
Current Loans	152,497	200,852
Total loans	380,294	642,640
Accruing Loans Past Due 90 Days or More		67
Covered | PCI loans
Covered Assets and Indemnification Asset
Total loans	221,974	435,388
Covered | Secured
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days	51
Loans past Due 90 Days or More	68	454
Total Past Due Loans	119	454
Current Loans	1,175	8,681
Total loans	7,021	22,765
Accruing Loans Past Due 90 Days or More		11
Covered | Secured | PCI loans
Covered Assets and Indemnification Asset
Total loans	5,727	13,630
Covered | Unsecured
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days		10
Total Past Due Loans		10
Current Loans		1,200
Total loans	1,780	8,015
Covered | Unsecured | PCI loans
Covered Assets and Indemnification Asset
Total loans	1,780	6,805
Covered | Secured by commercial properties
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days		876
Loans past Due 90 Days or More	100	105
Total Past Due Loans	100	981
Current Loans	28,957	41,576
Total loans	125,985	270,329
Covered | Secured by commercial properties | PCI loans
Covered Assets and Indemnification Asset
Total loans	96,928	227,772
Covered | Secured by residential properties
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days	3,399	3,089
Loans past Due 60-89 Days	418	493
Loans past Due 90 Days or More	1,104	405
Total Past Due Loans	4,921	3,987
Current Loans	113,524	137,342
Total loans	215,063	282,521
Accruing Loans Past Due 90 Days or More		48
Covered | Secured by residential properties | PCI loans
Covered Assets and Indemnification Asset
Total loans	96,618	141,192
Covered | Residential construction loans
Covered Assets and Indemnification Asset
Loans past Due 90 Days or More	540	896
Total Past Due Loans	540	896
Current Loans	264	390
Total loans	925	1,640
Covered | Residential construction loans | PCI loans
Covered Assets and Indemnification Asset
Total loans	121	354
Covered | Commercial construction loans and land development
Covered Assets and Indemnification Asset
Loans past Due 30-59 Days	47	39
Loans past Due 60-89 Days	1	25
Loans past Due 90 Days or More	95	8
Total Past Due Loans	143	72
Current Loans	8,577	11,663
Total loans	29,520	57,370
Accruing Loans Past Due 90 Days or More		8
Covered | Commercial construction loans and land development | PCI loans
Covered Assets and Indemnification Asset
Total loans	$ 20,800	$ 45,635

Covered Assets and Indemnifi110

Covered Assets and Indemnification Asset - Internal Risk Grades (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Internal risk grades of covered loans in the portfolio
Total	$ 5,220,040	$ 3,920,476
Covered
Internal risk grades of covered loans in the portfolio
Total	380,294	642,640
Covered | PCI loans
Internal risk grades of covered loans in the portfolio
Total	221,974	435,388
Covered | Pass
Internal risk grades of covered loans in the portfolio
Total	143,067	188,420
Covered | Special Mention
Internal risk grades of covered loans in the portfolio
Total	491
Covered | Substandard
Internal risk grades of covered loans in the portfolio
Total	14,762	18,832
Covered | Secured
Internal risk grades of covered loans in the portfolio
Total	7,021	22,765
Covered | Secured | PCI loans
Internal risk grades of covered loans in the portfolio
Total	5,727	13,630
Covered | Secured | Pass
Internal risk grades of covered loans in the portfolio
Total	758	7,712
Covered | Secured | Substandard
Internal risk grades of covered loans in the portfolio
Total	536	1,423
Covered | Unsecured
Internal risk grades of covered loans in the portfolio
Total	1,780	8,015
Covered | Unsecured | PCI loans
Internal risk grades of covered loans in the portfolio
Total	1,780	6,805
Covered | Unsecured | Pass
Internal risk grades of covered loans in the portfolio
Total		1,210
Covered | Secured by commercial properties
Internal risk grades of covered loans in the portfolio
Total	125,985	270,329
Covered | Secured by commercial properties | PCI loans
Internal risk grades of covered loans in the portfolio
Total	96,928	227,772
Covered | Secured by commercial properties | Pass
Internal risk grades of covered loans in the portfolio
Total	24,070	35,973
Covered | Secured by commercial properties | Substandard
Internal risk grades of covered loans in the portfolio
Total	4,987	6,584
Covered | Secured by residential properties
Internal risk grades of covered loans in the portfolio
Total	215,063	282,521
Covered | Secured by residential properties | PCI loans
Internal risk grades of covered loans in the portfolio
Total	96,618	141,192
Covered | Secured by residential properties | Pass
Internal risk grades of covered loans in the portfolio
Total	111,128	133,756
Covered | Secured by residential properties | Special Mention
Internal risk grades of covered loans in the portfolio
Total	491
Covered | Secured by residential properties | Substandard
Internal risk grades of covered loans in the portfolio
Total	6,826	7,573
Covered | Residential construction loans
Internal risk grades of covered loans in the portfolio
Total	925	1,640
Covered | Residential construction loans | PCI loans
Internal risk grades of covered loans in the portfolio
Total	121	354
Covered | Residential construction loans | Pass
Internal risk grades of covered loans in the portfolio
Total	264	268
Covered | Residential construction loans | Substandard
Internal risk grades of covered loans in the portfolio
Total	540	1,018
Covered | Commercial construction loans and land development
Internal risk grades of covered loans in the portfolio
Total	29,520	57,370
Covered | Commercial construction loans and land development | PCI loans
Internal risk grades of covered loans in the portfolio
Total	20,800	45,635
Covered | Commercial construction loans and land development | Pass
Internal risk grades of covered loans in the portfolio
Total	6,847	9,501
Covered | Commercial construction loans and land development | Substandard
Internal risk grades of covered loans in the portfolio
Total	$ 1,873	$ 2,234

Covered Assets and Indemnifi111

Covered Assets and Indemnification Asset - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Changes in the allowance for loan losses
Balance, beginning of period				$ 37,041					$ 37,041
Provision charged to (recapture from) operations operations	$ 4,277	$ 5,593	$ 158	2,687	$ 4,125	$ 4,033	$ 5,533	$ 3,242	12,715	$ 16,933	$ 37,158
Balance, end of period	45,415				37,041				45,415	37,041
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												$ 5,220,040	$ 3,920,476
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	45,415			37,041	37,041				37,041	37,041		45,415	37,041
Covered
Changes in the allowance for loan losses
Balance, beginning of period				4,611				1,061	4,611	1,061
Provision charged to (recapture from) operations operations									542	9,186	1,065
Loans charged off									(3,963)	(5,636)	(4)
Recoveries on charged off loans									342
Balance, end of period	1,532				4,611				1,532	4,611	1,061
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												540	801
Loans collectively evaluated for impairment												157,780	206,451
Total loans												380,294	642,640
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												32	77
Total loans, allowance	1,532			4,611	4,611			1,061	4,611	1,061	1,061	1,532	4,611
Covered | Commercial and industrial
Changes in the allowance for loan losses
Balance, beginning of period				1,193				1,053	1,193	1,053
Provision charged to (recapture from) operations operations									258	230	1,057
Loans charged off									(915)	(90)	(4)
Recoveries on charged off loans									222
Balance, end of period	758				1,193				758	1,193	1,053
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment												1,294	10,345
Total loans												8,801	30,780
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												17	46
Total loans, allowance	758			1,193	1,193			1,053	1,193	1,053	1,053	758	1,193
Covered | Real estate
Changes in the allowance for loan losses
Balance, beginning of period				3,334				8	3,334	8
Provision charged to (recapture from) operations operations									189	8,725	8
Loans charged off									(2,869)	(5,399)
Recoveries on charged off loans									120
Balance, end of period	774				3,334				774	3,334	8
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment												147,502	183,886
Total loans												341,048	552,850
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance												15	16
Total loans, allowance	774			3,334	3,334			$ 8	3,334	8	$ 8	774	3,334
Covered | Construction and land development
Changes in the allowance for loan losses
Balance, beginning of period				84					84
Provision charged to (recapture from) operations operations									95	231
Loans charged off									(179)	(147)
Balance, end of period					84					84
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment												540	801
Loans collectively evaluated for impairment												8,984	12,220
Total loans												30,445	59,010
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance													15
Total loans, allowance				84	84				84	84			84
Covered | PCI loans
Changes in the allowance for loan losses
Balance, beginning of period				4,534					4,534
Balance, end of period	1,500				4,534				1,500	4,534
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												221,974	435,388
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	1,500			4,534	4,534				4,534	4,534		1,500	4,534
Covered | PCI loans | Commercial and industrial
Changes in the allowance for loan losses
Balance, beginning of period				1,147					1,147
Balance, end of period	741				1,147				741	1,147
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												7,507	20,435
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	741			1,147	1,147				1,147	1,147		741	1,147
Covered | PCI loans | Real estate
Changes in the allowance for loan losses
Balance, beginning of period				3,318					3,318
Balance, end of period	759				3,318				759	3,318
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												193,546	368,964
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	$ 759			3,318	3,318				3,318	3,318		759	3,318
Covered | PCI loans | Construction and land development
Changes in the allowance for loan losses
Balance, beginning of period				69					69
Balance, end of period					69					69
Loan portfolio distributed by portfolio segment and impairment methodology
Total loans												$ 20,921	45,989
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance				$ 69	$ 69				$ 69	$ 69			$ 69

Covered Assets and Indemnifi112

Covered Assets and Indemnification Asset - Covered OREO (Details) - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Activity in covered OREO
Balance, beginning of period		$ 136,945
Balance, end of period		99,090	$ 136,945
Covered
Activity in covered OREO
Balance, beginning of period		136,945	142,833
Fair value of assets acquired as of Bank Closing Date	$ 135,187
Additions to covered OREO	19,185	50,465	64,934
Dispositions of covered OREO	(11,539)	(71,765)	(51,150)
Valuation adjustments in the period		(16,555)	(19,672)
Balance, end of period	$ 142,833	$ 99,090	$ 136,945

Covered Assets and Indemnifi113

Covered Assets and Indemnification Asset - FDIC Indemnification Asset (Details) - USD ($) $ in Thousands	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Activity in the FDIC Indemnification Asset
Balance, beginning of period		$ 130,437	$ 188,291
Fair value of assets acquired as of Bank Closing Date	$ 185,680
FDIC Indemnification Asset accretion (amortization)	1,699	1,147	3,445
Transfers to due from FDIC and other	912	(39,936)	(61,299)
Balance, end of period	$ 188,291	91,648	$ 130,437
FDIC, collections received		$ 100,300

Cash and Due from Banks (Detail

Cash and Due from Banks (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Cash and Due from Banks
Cash on hand	$ 55,168	$ 47,947
Clearings and collection items	91,466	76,381
Deposits at Federal Reserve Bank	316,605	425,704
Deposits at Federal Home Loan Bank	3,514	1,500
Deposits in FDIC-insured institutions	185,283	230,941
Cash and due from banks	652,036	782,473
Interest-bearing deposits	$ 442,400	$ 628,300

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Premises and Equipment
Premises and equipment, gross	$ 288,644	$ 264,815
Less accumulated depreciation and amortization	(88,026)	(57,824)
Premises and equipment, net	200,618	206,991
Assets recorded under capital leases	7,800	6,600
Accumulated amortization for assets under capital leases	1,800	1,200
Rental income	2,200	2,400	$ 1,800
Depreciation and amortization expense	37,200	30,700	$ 24,800
Land and premises
Premises and Equipment
Premises and equipment, gross	122,221	122,560
Furniture and equipment
Premises and Equipment
Premises and equipment, gross	$ 166,423	$ 142,255

Goodwill and Other Intangibl116

Goodwill and Other Intangible Assets - Goodwill and Other (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Other Intangible Assets
Carrying amount of goodwill	$ 251,808	$ 251,808
Other intangible assets	54,868	59,783
Estimated fair value of indefinite lived intangible assets related to state licenses acquired as a part of the NLC acquisition	3,000	3,000
NLC
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition	$ 24,000
Plains Capital
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition		$ 227,800

Goodwill and Other Intangibl117

Goodwill and Other Intangible Assets - Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 95,580	$ 88,120
Accumulated Amortization	(43,712)	(31,337)
Net Intangible Assets	51,868	56,783
Amortization expense related to intangible assets	12,375	11,138	$ 11,087
Estimated aggregate future amortization expense for intangible assets
2,016	10,174
2,017	8,262
2,018	7,235
2,019	5,192
2,020	4,356
Thereafter	16,649
Net Intangible Assets	51,868	56,783
Core deposits
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	38,930	38,770
Accumulated Amortization	(17,497)	(12,104)
Net Intangible Assets	21,433	26,666
Estimated aggregate future amortization expense for intangible assets
Net Intangible Assets	$ 21,433	$ 26,666
Core deposits | Minimum
Other Intangible Assets
Estimated Useful Life	4 years	7 years
Core deposits | Maximum
Other Intangible Assets
Estimated Useful Life	12 years	12 years
Trademarks and trade names
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 20,000	$ 20,000
Accumulated Amortization	(5,894)	(3,723)
Net Intangible Assets	14,106	16,277
Estimated aggregate future amortization expense for intangible assets
Net Intangible Assets	$ 14,106	$ 16,277
Trademarks and trade names | Minimum
Other Intangible Assets
Estimated Useful Life	15 years	10 years
Trademarks and trade names | Maximum
Other Intangible Assets
Estimated Useful Life	20 years	20 years
Noncompete agreements
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 11,650	$ 11,650
Accumulated Amortization	(7,095)	(4,794)
Net Intangible Assets	4,555	6,856
Estimated aggregate future amortization expense for intangible assets
Net Intangible Assets	$ 4,555	$ 6,856
Noncompete agreements | Minimum
Other Intangible Assets
Estimated Useful Life	4 years	4 years
Noncompete agreements | Maximum
Other Intangible Assets
Estimated Useful Life	6 years	6 years
Customer Contracts And Customer Relationships
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 21,400	$ 14,100
Accumulated Amortization	(10,038)	(7,729)
Net Intangible Assets	11,362	6,371
Estimated aggregate future amortization expense for intangible assets
Net Intangible Assets	$ 11,362	$ 6,371
Customer Contracts And Customer Relationships | Minimum
Other Intangible Assets
Estimated Useful Life	12 years	8 years
Customer Contracts And Customer Relationships | Maximum
Other Intangible Assets
Estimated Useful Life	14 years	12 years
Agent Relationships
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 3,600	$ 3,600
Accumulated Amortization	(3,188)	(2,987)
Net Intangible Assets	412	613
Estimated aggregate future amortization expense for intangible assets
Net Intangible Assets	$ 412	$ 613
Agent Relationships | Minimum
Other Intangible Assets
Estimated Useful Life	13 years	13 years

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - MSR - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Change in fair value of mortgage servicing rights
Balance, beginning of period	$ 36,155	$ 20,149	$ 2,080
Additions	24,974	35,056	13,886
Sales		(11,387)
Changes in fair value: Due to changes in model inputs or assumptions	(2,150)	(5,267)	4,782
Changes in fair value: Due to customer payoffs	(6,694)	(2,396)	(599)
Balance, end of period	52,285	36,155	$ 20,149
Mortgage loans serviced for others	$ 5,051,884	$ 3,645,220
MSR asset as a percentage of serviced mortgage loans	1.03%	0.99%
Key Assumptions
Weighted average constant prepayment rate (as a percent)	11.51%	12.17%
Weighted average discount rate (as a percent)	10.92%	11.01%
Weighted average life	6 years 6 months	6 years 3 months 18 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (2,177)	$ (1,648)
Constant prepayment rate: Impact of 20% adverse change	(4,195)	(3,169)
Discount rate: Impact of 10% adverse change	(2,073)	(1,431)
Discount rate: Impact of 20% adverse change	(3,989)	(2,753)
Contractually specified servicing fees, late fees and ancillary fees	$ 19,600	$ 13,300	$ 3,200

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposits
Noninterest-bearing demand	$ 2,235,436	$ 2,076,385
Interest-bearing:
NOW accounts	1,077,576	1,242,110
Money market	1,500,780	861,851
Brokered - money market	133,380	79,937
Demand	380,214	136,886
Savings	273,390	299,051
Time	1,325,342	1,575,910
Brokered - time	26,565	97,762
Total deposits	6,952,683	$ 6,369,892
Time deposits that meet or exceed FDIC insurance limit	622,100
Scheduled maturities of interest-bearing time deposits
2,016	799,215
2,017	386,295
2,018	83,284
2,019	51,209
2020 and thereafter	31,904
Time deposits	$ 1,351,907

Short-term Borrowings (Details)

Short-term Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Short-term borrowings
Short-term borrowings	$ 947,373	$ 762,696
Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate (as a percent)	1.26%	1.07%
Federal funds purchased.
Short-term borrowings
Short-term borrowings	$ 58,925	$ 128,100
Securities sold under agreement to repurchase.
Short-term borrowings
Short-term borrowings	217,748	136,396
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030
Short-term borrowings
Short-term borrowings	600,000	375,000
Average balance during the period	$ 294,959	$ 261,550	$ 106,415
Average interest rate during the period (as a percent)	0.27%	0.18%	0.13%
Maximum month-end balance during the period	$ 600,000	$ 575,000	$ 525,000
Average interest rate at end of period (as a percent)	0.35%	0.16%
Amount of available collateral	$ 1,500,000
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030 | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short-term bank loans.
Short-term borrowings
Short-term borrowings	$ 70,700	$ 123,200
Schedule of federal funds purchased and securities sold under agreements to repurchase
Short-term borrowings
Average balance during the period	$ 315,904	$ 319,806	$ 281,067
Average interest rate during the period (as a percent)	0.33%	0.17%	0.19%
Maximum month-end balance during the period	$ 514,776	$ 535,232	$ 415,730
Average interest rate at end of period (as a percent)	0.26%	0.15%
Carrying value.	$ 250,981	$ 166,734
Estimated fair value	$ 250,045	$ 163,852

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Apr. 09, 2015	Dec. 31, 2015	Dec. 31, 2005	Apr. 28, 2015	Dec. 31, 2014
Debt Instrument
Notes Payable.		$ 238,716			$ 56,684
Series B Preferred Stock
Debt Instrument
Aggregate liquidation value				$ 114,100
Unpaid dividend				$ 400
NLIC note payable due May 2033, three-month LIBOR plus 4.10%
Debt Instrument
Notes Payable.		$ 10,000			10,000
NLIC note payable due May 2033, three-month LIBOR plus 4.10% | LIBOR
Debt Instrument
Margin on interest rate (as a percent)		4.10%
Interest rate at year end (as a percent)		4.64%
NLIC note payable due September 2033, three-month LIBOR plus 4.05%
Debt Instrument
Notes Payable.		$ 10,000			10,000
NLIC note payable due September 2033, three-month LIBOR plus 4.05% | LIBOR
Debt Instrument
Margin on interest rate (as a percent)		4.05%
Interest rate at year end (as a percent)		4.59%
ASIC note payable due April 2034, three-month LIBOR plus 4.05%
Debt Instrument
Notes Payable.		$ 7,500			7,500
ASIC note payable due April 2034, three-month LIBOR plus 4.05% | LIBOR
Debt Instrument
Margin on interest rate (as a percent)		4.05%
Interest rate at year end (as a percent)		4.59%
First Southwest nonrecourse notes, paid off in January 2015
Debt Instrument
Notes Payable.					4,184
Interest rate (as a percent)			8.58%
Debt issued			$ 30,300
Fee award			$ 95,300
Insurance company note payable due March 2035, three-month LIBOR plus 3.40%
Debt Instrument
Notes Payable.		$ 20,000			20,000
Insurance company note payable due March 2035, three-month LIBOR plus 3.40% | LIBOR
Debt Instrument
Margin on interest rate (as a percent)		3.40%
Interest rate at year end (as a percent)		3.94%
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030
Debt Instrument
Notes Payable.		$ 36,042
Weighted average interest rate		2.13%
Debt instrument, collateral		$ 2,300,000
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030 | Minimum
Debt Instrument
Interest rate (as a percent)		0.80%
Federal Home Loan Bank notes, maturities ranging from May 2016 to June 2030 | Maximum
Debt Instrument
Interest rate (as a percent)		5.83%
Insurance company line of credit due December 31, 2016, 3.25% plus a calculated index rate
Debt Instrument
Notes Payable.		$ 7,000			$ 5,000
Maximum borrowing capacity for NLC		$ 7,500
Insurance company line of credit due December 31, 2016, 3.25% plus a calculated index rate | LIBOR
Debt Instrument
Margin on interest rate (as a percent)		3.25%
Interest rate at year end (as a percent)		4.00%
Senior Notes 5.00 Percent Due 2025
Debt Instrument
Notes Payable.		$ 148,174
Senior Notes 5.00 Percent Due 2025 | Private Placement
Debt Instrument
Aggregate principal amount	$ 150,000
Interest rate (as a percent)	5.00%
Net proceeds from the offering, after deducting estimated fee and expenses and the initial purchaser’ discounts	$ 148,000
Period before maturity for redemption of Senior Notes	3 months
Percentage of redemption price	100.00%
NLIC | Insurance Notes Payable
Debt Instrument
Statutory surplus of NLIC and ASIC		30,000
ASIC | Insurance Notes Payable
Debt Instrument
Statutory surplus of NLIC and ASIC		$ 15,000
NLC | Insurance Notes Payable
Debt Instrument
Debt instrument repurchase minimum beneficial ownership interest percentage acquired		50.00%
Percentage of debt instrument agreement price at which each holder has right to require entity to purchase notes expressed as minimum percentage of outstanding principal		100.00%

Notes Payable - Scheduled Matur

Notes Payable - Scheduled Maturities (Details) $ in Thousands	Dec. 31, 2015USD ($)
Scheduled maturities
2,016	$ 7,575
2,017	7,693
2,018	13,444
2,019	5,311
2,020	3,944
Thereafter	201,628
Total Notes Payable	$ 239,595

Junior Subordinated Debentur124

Junior Subordinated Debentures and Trust Preferred Securities (Details)	12 Months Ended
	Dec. 31, 2015USD ($)item	Feb. 22, 2008USD ($)	Sep. 17, 2003USD ($)	Mar. 26, 2003USD ($)	Jul. 31, 2001USD ($)
Plains Capital
Junior subordinated debentures and trust preferred securities
Number of statutory trusts owned by subsidiary | item	4
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | Statutory Trusts
Junior subordinated debentures and trust preferred securities
Stated term	30 years
Average interest rate (as a percent)	3.65%
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | Statutory Trusts | LIBOR
Junior subordinated debentures and trust preferred securities
Margin on interest rate (as a percent)	3-month LIBOR
Average spread on variable rate basis (as a percent)	3.22%
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | P C C Statutory Trust I
Junior subordinated debentures and trust preferred securities
Amount					$ 18,042,000
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | P C C Statutory Trust I I
Junior subordinated debentures and trust preferred securities
Amount				$ 18,042,000
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | P C C Statutory Trust I I I
Junior subordinated debentures and trust preferred securities
Amount			$ 15,464,000
Plains Capital | Special-purpose entity, parent not primary beneficiary | Debentures | P C C Statutory Trust I V
Junior subordinated debentures and trust preferred securities
Amount		$ 15,464,000
Plains Capital | Special-purpose entity, parent not primary beneficiary | Floating rate preferred securities | Statutory Trusts
Junior subordinated debentures and trust preferred securities
Floating rate preferred securities issued by the trusts	$ 65,000,000
Plains Capital | Special-purpose entity, parent not primary beneficiary | Common Class A | Statutory Trusts
Junior subordinated debentures and trust preferred securities
Floating rate preferred securities issued by the trusts	$ 2,012,000
Plains Capital | Connecticut
Junior subordinated debentures and trust preferred securities
Number of statutory trusts owned by subsidiary, which were formed under laws of state | item	3
P C C Statutory Trust I V | Delaware
Junior subordinated debentures and trust preferred securities
Number of statutory trusts owned by subsidiary, which were formed under laws of state | item	1

Income Taxes - Provision and De

Income Taxes - Provision and Deferred Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal									$ 49,570	$ 85,303	$ 51,441
State									3,969	3,087	3,414
Total									53,539	88,390	54,855
Deferred:
Federal									17,295	(21,851)	14,573
State									81	(931)	1,256
Total									17,376	(22,782)	15,829
Income tax provision (benefit)	$ 12,020	$ 25,338	$ 18,137	$ 15,420	$ 20,950	$ 14,010	$ 16,294	$ 14,354	$ 70,915	65,608	70,684
Statutory Federal income tax rate (as a percent)									35.00%
Reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory federal income tax rate to income (loss) before income taxes
Computed tax at federal statutory rate									$ 99,223	62,358	69,088
Tax effect of:
Non-taxable acquisition gain									(33,426)
Nondeductible transaction costs									3,969	102
Nondeductible expenses									3,215	2,201	2,363
State income taxes									2,632	1,401	3,035
Tax-exempt income, net									(2,563)	(2,085)	(2,042)
Valuation allowance									(1,889)	1,889
Minority interest									(562)	(318)	(479)
Prior year return to provision adjustment									170	360	(1,141)
Other									146	(300)	(140)
Income tax provision (benefit)	12,020	$ 25,338	$ 18,137	$ 15,420	20,950	$ 14,010	$ 16,294	$ 14,354	70,915	65,608	$ 70,684
Deferred tax assets:
Net operating and built-in-loss carryforward	23,937				15,919				23,937	15,919
Covered loans	58,236				53,195				58,236	53,195
Purchase accounting adjustment - loans	15,689				15,110				15,689	15,110
Allowance for loan losses	17,462				15,255				17,462	15,255
Compensation and benefits	41,702				22,498				41,702	22,498
Indemnification agreements	11,269				6,631				11,269	6,631
Foreclosed property	13,219				13,458				13,219	13,458
Capital loss carryforward					1,950					1,950
Other	21,979				14,793				21,979	14,793
Deferred tax assets	203,493				158,809				203,493	158,809
Deferred tax liabilities:
Premises and equipment	26,518				13,567				26,518	13,567
FDIC Indemnification Asset	35,636				38,546				35,636	38,546
Intangible assets	20,945				18,989				20,945	18,989
Derivatives	9,861				9,368				9,861	9,368
Net unrealized change in securities and other investments	1,432				260				1,432	260
Loan servicing	19,363				13,531				19,363	13,531
Other	16,734				19,646				16,734	19,646
Deferred Tax Liabilities	130,489				113,907				130,489	113,907
Total net deferred tax assets	73,004				44,902				73,004	44,902
Less Valuation allowance	(2,195)				(1,950)				(2,195)	(1,950)
Net deferred tax asset	$ 70,809				$ 42,952				$ 70,809	$ 42,952

Income Taxes - Other (Details)

Income Taxes - Other (Details) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net operating loss carryforwards
Effective income tax rate (as a percent)										25.00%	36.80%	35.80%
Bargain purchase gain										$ 81,289		$ 12,585
Income tax benefit		$ (12,020)	$ (25,338)	$ (18,137)	$ (15,420)	$ (20,950)	$ (14,010)	$ (16,294)	$ (14,354)	(70,915)	$ (65,608)	(70,684)
Valuation allowance on deferred tax assets for net operating loss carryforwards		2,195				1,950				2,195	1,950
Increase (decrease) in the valuation allowance										300
Valuation allowance on remainder of deferred tax assets		0				0				0	0
Net operating loss carryforwards		46,500				45,500				46,500	45,500
Utilization of net operating loss carryforwards										44,000
Recognized built-in loss carryforward ("RBIL")		21,000								21,000
Net unrealized built-in-loss carryforward		16,100								$ 16,100
Net unrealized built-in-loss recognition period										5 years
Uncertain tax positions
Unrecognized Tax Benefits		600				600				$ 600	600
Unrecognized tax benefits if recognized would favorably impact the effective tax rate		$ 400				$ 400				400	400
Hilltop Holdings Inc.
Net operating loss carryforwards
Bargain purchase gain										81,289
Income tax benefit										9,562	$ 592	$ 4,680
SWS
Net operating loss carryforwards
Tax on bargain purchase gain	$ 0
Bargain purchase gain	$ 81,289
Income tax benefit										2,100
Increase in valuation allowance resulting from SWS merger										2,200
SWS | Capital Loss Carryforward Valuation Allowance
Net operating loss carryforwards
Increase (decrease) in the valuation allowance										$ (1,900)

Employee Benefits (Details)

Employee Benefits (Details) $ in Millions	Nov. 30, 2012USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2001USD ($)
Employee Benefits
Matching contributions		$ 12.6	$ 8.8	$ 7.5
Liability recorded	$ 8.9	$ 9	9
Number of executive officers of PlainsCapital with retention agreements | item	2
Deferred compensation plan, matching percentage		15.00%
Deferred compensation plan, vesting period		4 years
Flexible premium universal life insurance
Amount of insurance purchased					$ 15
Carrying value of the policies		$ 24.2	24.8
Income related to the policies		$ 0.8	$ 0.4	$ 0.4

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions
Aggregate remaining lease obligation	$ 143,008,000
Diamond A Administration Company L L C
Related Party Transactions
Ownership interest (as a percent)	15.80%
Diamond A Financial L P
Related Party Transactions
Ownership interest (as a percent)	15.70%
Bank
Related Party Transactions
Deposits of related parties held	$ 61,500,000	$ 161,900,000
Chief Executive Officer | Diamond A Administration Company L L C
Related Party Transactions
Ownership interest (as a percent)	46.00%
Chief Executive Officer | Diamond A Financial L P
Related Party Transactions
Ownership interest (as a percent)	49.00%
Diamond A Administration Company L L C | Sublease Agreement
Related Party Transactions
Services and office space cost per month	$ 24,030
Directors Executive Officers And Affiliates | Bank
Related Party Transactions
Loans to related parties	34,200,000	32,700,000
Total principal additions to loans	8,000,000
Total principal payments	6,500,000
Lessor | Bank | Lease Agreements
Related Party Transactions
Future minimum payments due annually through 2028	500,000
Aggregate remaining lease obligation	6,500,000
Related Party Company | Bank
Related Party Transactions
Loan Purchases	3,900,000	6,000,000
Limited Partnership Investments Of Plains Capital Equity L L C
Related Party Transactions
Investment in limited partnership		3,800,000
Limited Partnership Investments Of Plains Capital Equity L L C | Bank
Related Party Transactions
Loans to related parties	$ 100,000	$ 200,000

Commitments and Contingencie129

Commitments and Contingencies (Details) $ in Thousands, shares in Millions	Feb. 24, 2016shares	Sep. 13, 2013USD ($)item	Nov. 30, 2012item	Nov. 30, 2012item	Nov. 02, 2012USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Reserve for Indemnification Liability:
Number of executive officers | item				2
Retention Agreement
Reserve for Indemnification Liability:
Number of executive officers | item			2
Retention Agreement | Chief Executive Officer One of Plains Capital Bank
Reserve for Indemnification Liability:
Retention agreement term				3 years
Renewal period of contract				1 year
Period from date of agreement at which initial renewal of agreement may occur				2 years
Retention Agreement | Chief Executive Officer Two of Plains Capital Bank
Reserve for Indemnification Liability:
Retention agreement term				2 years
Renewal period of contract				1 year
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period						$ 53,906	$ 51,912	$ 39,693
Claims made						71,783	50,558	40,001
Claims resolved with no payment						(38,862)	(29,257)	(17,746)
Repurchases						(14,884)	(15,439)	(6,255)
Indemnification payments						(14,645)	(3,868)	(3,781)
Balance, end of period						57,298	53,906	51,912
Reserve for Indemnification Liability:
Total						53,906	51,912	39,693	$ 57,298	$ 53,906
Reserve for Indemnification liability established by mortgage origination segment
Commitments and Contingencies
Provision for indemnification losses						4,000	3,100	3,500
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period						17,619	21,121	18,964
Additions for new sales						4,006	3,109	3,539
Repurchases						(1,420)	(1,593)	(251)
Early payment defaults						(64)	(143)	(528)
Indemnification payments						(3,027)	(1,708)	(1,003)
Change in estimate						(474)	(3,167)	400
Balance, end of period						16,640	17,619	21,121
Reserve for Indemnification Liability:
Specific claims									5,210	7,912
Incurred but not reported claims									11,430	9,707
Total						17,619	21,121	$ 18,964	$ 16,640	$ 17,619
Shareholder Class Action Lawsuits
Commitments and Contingencies
Number of shares of SWS common stock held by purported shareholders | shares	5.2
Bank
Commitments and Contingencies
Aggregate amount of federal funds purchased and sold for which the Bank acts as an agent on behalf of certain correspondent banks						23,000	$ 0
Bank | FNB
Reserve for Indemnification Liability:
Number of loss-sharing agreements | item		2
Loans and OREO acquired		$ 1,200,000
Percentage of net losses to be absorbed by FDIC on the first $240.4 million of net losses incurred as per the loss sharing agreement		80.00%
Threshold amount of net losses incurred for 80% of net losses to be absorbed by FDIC as per the loss sharing agreement, first layer		$ 240,400
Percentage of net losses to be absorbed by FDIC in excess of $240.4 million up to and including $365.7 million of net losses incurred as per the loss sharing agreement		0.00%
Threshold amount of net losses incurred for 0% of net losses to be absorbed by FDIC as per the loss sharing agreement, second layer		$ 365,700
Percentage of net losses to be absorbed by FDIC in excess of $365.7 million of net losses incurred as per the loss sharing agreement		80.00%
Threshold limit of subsequent recoveries reimbursable to the FDIC under the loss share agreement		$ 0
Period for which payment is required to be made to the FDIC of true-up amount		10 years
Covered net losses billed to the FDIC						$ 125,400
Percentage of covered net losses reimbursable under the loss-share agreements						80.00%
Amount of covered net losses reimbursable under the loss-share agreements						$ 100,300
Aggregate reimbursements received						$ 100,300
Bank | FNB | Covered | Commercial loan
Reserve for Indemnification Liability:
Period of loss-sharing agreements in effect		5 years
Period of loss recovery provisions in effect		8 years
Bank | FNB | Covered | Single family residential loans
Reserve for Indemnification Liability:
Period of loss-sharing agreements in effect		10 years
Period of loss recovery provisions in effect		10 years
First Southwest Company
Commitments and Contingencies
Number of defendants other than reporting entity | item					13
Amount of bonds to finance a loan to 38 Studios					$ 75,000

Commitments and Contingencies -

Commitments and Contingencies - Lease Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies
Rental expense under the operating leases	$ 40,300	$ 31,400	$ 29,200
Future minimum lease payments under operating leases
2,016	33,231
2,017	26,573
2,018	23,670
2,019	15,721
2,020	12,378
Thereafter	31,435
Total minimum lease payments	143,008
Future minimum lease payments under capital leases
2,016	1,103
2,017	1,129
2,018	1,167
2,019	1,187
2,020	1,198
Thereafter	7,127
Total minimum lease payments	12,911
Amount representing interest	(5,444)
Present value of minimum lease payments	$ 7,467
Minimum
Commitments and Contingencies
Remaining terms of noncancelable operating leases	1 year
Remaining term of capital leases	9 years
Maximum
Commitments and Contingencies
Remaining terms of noncancelable operating leases	13 years
Remaining term of capital leases	13 years

Financial Instruments with O131

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Dec. 31, 2015USD ($)
Unused commitments to extend credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 1,700
Standby letters of credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 38.9

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) $ / shares in Units, $ in Millions	Jan. 01, 2015$ / sharesshares	Nov. 02, 2011item$ / sharesshares	Sep. 30, 2012shares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Stock based compensation
Compensation expense | $				$ 8.3	$ 4.7	$ 1.7
RSUs
Stock based compensation
Number of shares awarded to certain executives and key employees				491,000	444,000
Vested RSUs which require deferral of share settlement and statutory tax obligations				7,025
Number of shares outstanding
Balance at the beginning of the period ( in shares)	435,000			435,000
Granted (in shares)				491,000	444,000
Vested/Released (in shares)				(12,000)	(1,000)
Forfeited (in shares)				(39,000)	(8,000)
Balance at the end of the period ( in shares)				875,000	435,000
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 23.14			$ 23.14
Grant date fair value (in dollars per share) | $ / shares				19.61	$ 23.16
Vested/Released (in dollars per share) | $ / shares				22.45	24.06
Forfeited (in dollars per share) | $ / shares				21.93	23.74
Balance at the end of the period (in dollars per share) | $ / shares				$ 21.22	$ 23.14
Restricted Stock Awards
Stock based compensation
Number of shares awarded to certain executives and key employees				63,000		471,000
Number of shares outstanding
Balance at the beginning of the period ( in shares)	466,000			466,000	471,000
Granted (in shares)				63,000		471,000
Vested/Released (in shares)				(54,000)	(2,000)
Forfeited (in shares)				(22,000)	(3,000)
Balance at the end of the period ( in shares)				453,000	466,000	471,000
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 13.32			$ 13.32	$ 13.32
Grant date fair value (in dollars per share) | $ / shares				19.95		$ 13.32
Vested/Released (in dollars per share) | $ / shares				19.58	13.25
Forfeited (in dollars per share) | $ / shares				13.25	13.25
Balance at the end of the period (in dollars per share) | $ / shares				$ 13.50	$ 13.32	$ 13.32
Restricted Stock Awards | 2015 Grant Date | SWS
Stock based compensation
Number of shares awarded to certain executives and key employees	62,994
Vesting period	3 years
Unrecognized compensation expense | $				$ 0.7
Weighted average period for unrecognized compensation expense (in years)				3 months 18 days
Number of shares outstanding
Granted (in shares)	62,994
RSUs and RSAs
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)				4,784	4,784
2003 Plan
Stock based compensation
Number of additional awards permissible under the plan			0
2003 Plan | Stock Options Awards
Stock based compensation
Number of senior executive officers to whom awards granted | item		2
Awards granted (in shares)		600,000
Exercise price (in dollars per share) | $ / shares		$ 7.70
Expected volatility (as a percent)		25.00%
Risk-free interest rate (as a percent)		0.96%
Dividend yield (as a percent)		0.00%
Expected life		5 years
Forfeiture rate (as a percent)		15.00%
2012 Plan
Stock based compensation
Number of awards approved for grant (in shares)			4,000,000
Common stock remaining available for issuance (in shares)				2,570,555
2012 Plan | RSUs
Stock based compensation
Awards subject to time-based vesting (in shares)				709,399
Number of awards vesting upon achievement of performance goals (in shares)				165,875
Performance period				3 years
Transfer restrictions period				1 year
Unrecognized compensation expense | $				$ 11.3
Weighted average period for unrecognized compensation expense (in years)				1 year 10 months 6 days
2012 Plan | Board of Directors
Stock based compensation
Common shares granted to members of board of directors as compensation for director services				13,631	9,519	9,343

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2013
Bank
Tier 1 capital (to average assets)
Actual Amount	$ 1,064,212	$ 845,656
Actual Ratio (as a percent)	13.22%	10.31%
Minimum Capital Requirements, Amount	$ 322,104	$ 328,025
Minimum Capital Requirements, Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Minimum Capital Requirements, Amount	$ 402,630	$ 410,031
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	5.00%	5.00%
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,063,041
Actual Ratio (as a percent)	16.23%
Minimum Capital Requirements, Amount	$ 294,716
Minimum Capital Requirements, Ratio (as a percent)	4.50%
To Be Well Capitalized Minimum Capital Requirements, Amount	$ 425,701
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	6.50%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,064,212	$ 845,656
Actual Ratio (as a percent)	16.25%	13.74%
Minimum Capital Requirements, Amount	$ 392,954	$ 246,099
Minimum Capital Requirements, Ratio (as a percent)	6.00%	4.00%
To Be Well Capitalized Minimum Capital Requirements, Amount	$ 523,939	$ 369,148
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	8.00%	6.00%
Total capital (to risk-weighted assets)
Actual Amount	$ 1,112,654	$ 888,744
Actual Ratio (as a percent)	16.99%	14.45%
Minimum Capital Requirements, Amount	$ 523,939	$ 492,198
Minimum Capital Requirements, Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Minimum Capital Requirements, Amount	$ 654,924	$ 615,247
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	10.00%	10.00%
Bank | FNB
Total capital (to risk-weighted assets)
Actual Amount			$ 25,000
Hilltop Holdings Inc.
Tier 1 capital (to average assets)
Actual Amount	$ 1,520,514	$ 1,231,724
Actual Ratio (as a percent)	12.65%	14.17%
Minimum Capital Requirements, Amount	$ 480,928	$ 347,619
Minimum Capital Requirements, Ratio (as a percent)	4.00%	4.00%
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,469,642
Actual Ratio (as a percent)	17.87%
Minimum Capital Requirements, Amount	$ 370,156
Minimum Capital Requirements, Ratio (as a percent)	4.50%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,520,514	$ 1,231,724
Actual Ratio (as a percent)	18.48%	19.02%
Minimum Capital Requirements, Amount	$ 493,541	$ 259,078
Minimum Capital Requirements, Ratio (as a percent)	6.00%	4.00%
Total capital (to risk-weighted assets)
Actual Amount	$ 1,553,867	$ 1,275,023
Actual Ratio (as a percent)	18.89%	19.69%
Minimum Capital Requirements, Amount	$ 658,055	$ 518,157
Minimum Capital Requirements, Ratio (as a percent)	8.00%	8.00%
Hilltop Holdings Inc. | FNB
Total capital (to risk-weighted assets)
Actual Amount			$ 35,000

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	$ 1,736,954	$ 1,460,452
Add: Tier 1 capital
Minority interests	1,171	787
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	158,613	76,013
Hilltop Holdings Inc.
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	1,736,954	1,460,452	$ 1,311,141
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	(2,629)	(651)
Deduct:
Goodwill and other disallowed intangible assets	(264,683)	(290,052)
Other		(3,812)
Common equity Tier 1 capital (as defined)	1,469,642
Add: Tier 1 capital
Trust preferred securities	65,000	65,000
Minority interests	1,171	787
Deduct:
Tier 1 deductions	(15,299)
Tier 1 capital (as defined)	1,520,514	1,231,724
Add: Allowable Tier 2 capital
Allowance for loan losses	48,652	43,088
Net unrealized holding losses on equity securities		211
Deduct
Tier 2 Insurance Deduction	(15,299)
Total capital (as defined)	1,553,867	1,275,023
Bank
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	1,293,327	1,104,048
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	(567)	3,484
Deduct:
Goodwill and other disallowed intangible assets	(229,656)	(259,048)
Other	(63)	(3,615)
Common equity Tier 1 capital (as defined)	1,063,041
Add: Tier 1 capital
Minority interests	1,171	787
Deduct:
Tier 1 capital (as defined)	1,064,212	845,656
Add: Allowable Tier 2 capital
Allowance for loan losses	48,442	43,088
Deduct
Total capital (as defined)	1,112,654	888,744
First Southwest Company
Net Capital
Net capital	68,613
Less required net capital	3,393
Excess net capital	$ 65,220
Net capital as a percentage of aggregate debit items	40.50%
Net capital in excess of 5% aggregate debt items	$ 60,131
Hilltop Securities
Net Capital
Net capital	154,796
Less required net capital	7,762
Excess net capital	$ 147,034
Net capital as a percentage of aggregate debit items	39.90%
Net capital in excess of 5% aggregate debt items	$ 135,390
HTS Independent Network
Net Capital
Net capital	1,326
Less required net capital	250
Excess net capital	1,076
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 158,600	$ 76,000

Regulatory Matters - Insurance

Regulatory Matters - Insurance Subsidiaries (Details) - Texas Department of Insurance - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
NLIC
Insurance
Capital and surplus	$ 121,750	$ 113,023
Statutory net income	9,000	14,893	$ 3,583
ASIC
Insurance
Capital and surplus	30,592	28,964
Statutory net income	$ 1,611	$ 2,554	$ 521

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		9 Months Ended	12 Months Ended	16 Months Ended
	Jan. 31, 2016	Nov. 30, 2012	Sep. 30, 2015	Dec. 31, 2015	Apr. 28, 2015	Jun. 30, 2015	Dec. 31, 2014
Stock repurchase program
Dividends paid by subsidiary	$ 50,000
Repurchase common stock authorized amount						$ 30,000
Repurchase of common stock			$ 30,000	$ 30,028
Payments to repurchase and retire shares				$ 30,028
Repurchased and retired (in shares)				1,390,977
Repurchased and retired, average (per share)				$ 21.56
Preferred stock, value							$ 114,068
Bank
Stock repurchase program
Earnings available for dividend payments without regulatory approval				$ 312,400
NLC
Stock repurchase program
Maximum dividends that may be paid without regulatory approval				$ 15,200
Series B Preferred Stock
Stock repurchase program
Preferred stock, shares outstanding		114,068					114,068
Preferred stock, value							$ 114,100
Dividend rate (as a percent)					5.00%
Aggregate liquidation value					$ 114,100
Unpaid dividend					$ 400
Series B Preferred Stock | Plains Capital
Stock repurchase program
Number of shares of Hilltop Series B Preferred Stock into which each outstanding share of PlainsCapital Non-Cumulative Perpetual Preferred Stock, Series C is converted		1

Other Noninterest Income and137

Other Noninterest Income and Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other noninterest income:
Change in fair value of FSC derivatives	$ 43,704	$ 16,228	$ 11,427
Direct bill fees and insurance service fee income	5,329	5,719	5,697
Net gain (loss) from trading securities portfolio	13,134	2,126	(2,773)
Net gain on investment in SWS common stock		5,985
Revenue from check and stored value cards	7,110	7,614	4,682
Service charges on depositor accounts	15,169	16,730	11,376
Trust fees	7,113	6,330	5,050
Other	14,906	18,809	9,211
Other noninterest income	106,465	79,541	44,670
Other noninterest expense:
Accounting fees	8,357	5,247	5,455
Acquisition costs	13,400	1,406	117
Amortization of intangible assets	12,375	11,138	11,087
Data processing	35,986	23,096	17,922
Marketing	26,957	21,372	17,257
Other professional services	50,535	39,310	32,526
Printing, stationery and supplies	7,949	4,902	4,583
Repossession and foreclosure	14,385	17,621	3,546
Telecommunications	7,324	11,249	8,350
Unreimbursed loan closing costs	35,253	32,669	30,095
Other	95,763	63,569	57,009
Other noninterest expense	$ 308,284	$ 231,579	$ 187,947

Derivative Financial Instrum138

Derivative Financial Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Prime Lending
Derivative financial instruments
Net gain (loss) due to changes in the fair value of the derivative instruments	$ 17,300	$ (16,300)	$ 8,200
Hilltop Broker-Dealers
Derivative financial instruments
Net gain (loss) due to changes in the fair value of the derivative instruments	43,700	16,200	$ 11,400
Interest Rate Lock Commitments
Derivative financial instruments
Notional Amount	944,942	621,216
Estimated Fair Value	23,762	17,057
Commitments to Purchase MBSs
Derivative financial instruments
Notional Amount	3,151,862	510,553
Estimated Fair Value	8,350	6,040
Commitments to Sell MBSs
Derivative financial instruments
Notional Amount	5,038,565	1,968,768
Estimated Fair Value	(2,352)	(12,566)
Commitments to Sell MBSs | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	800	6,600
Interest Rate Swap and Swaptions
Derivative financial instruments
Notional Amount	409,982	83,000
Estimated Fair Value	490	425
Interest Rate Swap and Swaptions | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	$ 6,400	$ 3,300

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Reverse Repurchase Agreements
Net Amounts of Assets Presented in the Balance Sheet	$ 105,660
Total
Gross Amounts of Recognized Assets	1,416,304	$ 153,365
Gross Amounts Offset in the Balance Sheet	(393)
Net Amounts of Assets Presented in the Balance Sheet	1,415,911	153,365
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(1,414,530)	(152,899)
Net Amount	1,381	466
Institutional counterparties
Securities Borrowed:
Gross Amounts of Recognized Assets	1,307,741	152,899
Net Amounts of Assets Presented in the Balance Sheets	1,307,741	152,899
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(1,307,741)	(152,899)
Interest Rate Swap and Swaptions | Institutional counterparties
Derivatives
Gross Amounts of Recognized Assets	1,526	425
Gross Amounts Offset in the Balance Sheets	(393)
Net Amounts of Assets Presented in the Balance Sheets	1,133	425
Gross Amounts Not Offset in the Balance Sheets
Net Amount	1,133	425
Reverse repurchase agreements | Institutional counterparties
Reverse Repurchase Agreements
Gross Amounts of Recognized Assets	105,660
Net Amounts of Assets Presented in the Balance Sheet	105,660
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(105,412)
Net Amount	248
Forward MBS Derivatives | Institutional counterparties
Derivatives
Gross Amounts of Recognized Assets	1,377	41
Net Amounts of Assets Presented in the Balance Sheets	1,377	41
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	$ (1,377)
Net Amount		$ 41

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Total
Gross Amounts of Recognized Liabilities	$ 1,458,242	$ 267,047
Gross Amounts Offset in the Balance Sheets	(1,769)	(223)
Net Amounts of Liabilities Presented in the Balance Sheets	1,456,473	266,824
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(1,457,153)	(254,218)
Cash Collateral Pledged		(6,137)
Net Amount	(680)	6,469
Institutional counterparties
Securities Loaned:
Gross Amounts of Recognized Liabilities	1,235,466	117,822
Net Amounts of Liabilities Presented in the Balance Sheets	1,235,466	117,822
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(1,235,466)	(117,822)
Institutional counterparties | Interest Rate Swap and Swaptions
Derivatives:
Gross Amounts of Recognized Liabilities	643
Net Amounts of Liabilities Presented in the Balance Sheets	643
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(2,519)
Net Amount	(1,876)
Institutional counterparties | Repurchase agreements
Repurchase Agreement:
Gross Amounts of Recognized Liabilities	69,748
Net Amounts of Liabilities Presented in the Balance Sheets	69,748
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(69,748)
Institutional counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	4,385	12,829
Gross Amounts Offset in the Balance Sheets	(1,769)	(223)
Net Amounts of Liabilities Presented in the Balance Sheets	2,616	12,606
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	(1,420)
Cash Collateral Pledged		(6,137)
Net Amount	1,196	6,469
Customer counterparties | Repurchase agreements
Repurchase Agreement:
Gross Amounts of Recognized Liabilities	148,000	136,396
Net Amounts of Liabilities Presented in the Balance Sheets	148,000	136,396
Gross Amounts Not Offset in the Balance Sheets
Financial Instruments	$ (148,000)	$ (136,396)

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 1,453,214	$ 254,218
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	1,453,214	254,218
Overnight and Continuous
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	1,436,556	254,218
Maturity up to 30 days
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	16,658
US Treasury and agency securities
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	217,748	136,396
Securities lending transactions	12,646	9,171
US Treasury and agency securities | Overnight and Continuous
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	201,090	136,396
Securities lending transactions	12,646	9,171
US Treasury and agency securities | Maturity up to 30 days
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	16,658
Corporate securities
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	5,993	200
Corporate securities | Overnight and Continuous
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	5,993	200
Equity securities
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,216,827	108,451
Equity securities | Overnight and Continuous
Transfers of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,216,827	$ 108,451

Broker-Dealer and Clearing O142

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Receivables:
Securities borrowed	$ 1,307,741	$ 152,899
Securities failed to deliver	25,087	3,497
Clearing organizations	16,701	11,471
Trades in process of settlements, net	5,707
Due from dealers	7,263	17
Total receivables	1,362,499	167,884
Payables:
Securities loaned	1,235,466	117,822
Correspondents	69,046	51,930
Securities failed to receive	28,352	5,960
Clearing organizations	5,441	3,330
Total Payables	$ 1,338,305	$ 179,042

Deferred Policy Acquisition 143

Deferred Policy Acquisition Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Activity in deferred acquisition costs
Balance, beginning of year	$ 20,416	$ 20,991	$ 19,812
Acquisition expenses capitalized	39,716	41,034	41,771
Amortization charged to income	(40,258)	(41,609)	(40,592)
Balance, end of year	$ 19,874	$ 20,416	$ 20,991

Reserves for Losses and Loss144

Reserves for Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Information regarding of the reserve for unpaid losses and loss adjustment expenses
Balance, beginning of year	$ 29,716	$ 27,468	$ 34,012
Less reinsurance recoverables	(4,315)	(4,508)	(10,385)
Net balance, beginning of year	25,401	22,960	23,627
Incurred related to:
Current year	93,544	86,642	110,096
Prior periods	5,522	7,787	659
Total incurred	99,066	94,429	110,755
Payments related to:
Current year	(74,866)	(73,841)	(96,284)
Prior periods	(18,746)	(18,147)	(15,138)
Total payments	(93,612)	(91,988)	(111,422)
Net balance, end of year	30,855	25,401	22,960
Plus reinsurance recoverables	13,502	4,315	4,508
Balance, end of year	44,357	$ 29,716	$ 27,468
Increase (decrease) in reserves	$ 14,600

Reinsurance Activity - Credit R

Reinsurance Activity - Credit Risk (Details) $ in Thousands	Dec. 31, 2015USD ($)
Reinsurance Activity.
Allowance for uncollectible accounts	$ 0
Threshold percentage for disclosure of reinsurance recoverables	5.00%
Reinsurance activity
Balances due from Companies	$ 16,900
Federal Emergency Management Agency
Reinsurance activity
Balances due from Companies	6,003
Partner Reinsurance
Reinsurance activity
Balances due from Companies	2,175
Total
Reinsurance activity
Balances due from Companies	14,758
AM Best, A Rating | Aspen Bermuda
Reinsurance activity
Balances due from Companies	2,819
AM Best, A Rating | Lloyds Syndicate 2791
Reinsurance activity
Balances due from Companies	1,257
AM Best, A+ Rating | Everest Re
Reinsurance activity
Balances due from Companies	1,636
AM Best, A+ Rating | Lloyds Syndicate 2001
Reinsurance activity
Balances due from Companies	$ 868

Reinsurance Activity - Effects

Reinsurance Activity - Effects of Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earned
Net premiums, Earned	$ 162,082	$ 164,524	$ 157,533
Effect of reinsurance on incurred losses
Loss and LAE incurred	123,017	97,011	117,089
Reinsurance recoverables	(23,951)	(2,582)	(6,334)
Net loss and LAE incurred	99,066	94,429	110,755
Property and casualty
Written
Premiums from direct business	167,025	172,464	173,982
Reinsurance assumed	10,714	9,746	7,987
Reinsurance ceded	(17,170)	(17,845)	(18,528)
Net premiums, Written	160,569	164,365	163,441
Earned
Premiums from direct business	169,334	173,496	168,942
Reinsurance assumed	10,283	8,960	7,202
Reinsurance ceded	(17,535)	(17,932)	(18,611)
Net premiums, Earned	$ 162,082	$ 164,524	$ 157,533

Reinsurance Activity - Coverage

Reinsurance Activity - Coverage (Details)	Jan. 01, 2016USD ($)	Jul. 01, 2015	Jan. 01, 2014	Jul. 01, 2013USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)item
Multi-line excess of loss coverage
Reinsurance activity
Loss amount covered under reinsurance contract					$ 500,000
Reinsurance retention amount					500,000
Catastrophic coverage | First layer of protection
Reinsurance activity
Loss amount covered under reinsurance contract					17,000,000
Reinsurance retention amount					8,000,000
Catastrophic coverage | Second layer of protection
Reinsurance activity
Loss amount covered under reinsurance contract					25,000,000
Reinsurance coverage in losses per event					25,000,000
Catastrophic coverage | Third layer of protection
Reinsurance activity
Loss amount covered under reinsurance contract					25,000,000
Reinsurance coverage in losses per event					50,000,000
Catastrophic coverage | Fourth layer of protection
Reinsurance activity
Loss amount covered under reinsurance contract					50,000,000
Reinsurance coverage in losses per event					75,000,000
ASIC | Catastrophic coverage
Reinsurance activity
Loss amount covered under reinsurance contract					6,500,000
Reinsurance retention amount					1,500,000
NLIC | Catastrophic coverage
Reinsurance activity
Reinsurance retention amount					8,000,000
NLC | Catastrophic coverage
Reinsurance activity
Loss amount covered under reinsurance contract	$ 1,000,000
Aggregate coverage in excess of retention for sub-catastrophic events	$ 10,000,000
Reinsurance retention amount					$ 8,000,000
Number of layers of protection under reinsurance | item					4
Participation retained (as a percent)					9.00%
Number of significant catastrophe experienced | item					0	0	2
Renewal period of reinsurance contract		2 years
Number of tornado, hail and wind storms experienced | item					11	8	2
Incurred losses					$ 35,300,000	$ 21,700,000	$ 18,300,000
Reinsurance recoverable favorable (loss)					$ 9,100,000	$ 1,800,000
Reinsurance recoverable subscription level					91.00%	66.00%
Reinstatement premiums					$ 200,000	$ 200,000	$ 300,000
NLC | Catastrophic coverage | Maximum
Reinsurance activity
Loss amount covered under reinsurance contract				$ 140,000,000
NLC | Catastrophic coverage | Fourth layer of protection
Reinsurance activity
Loss amount covered under reinsurance contract				100,000,000
Reinsurance coverage in losses per event				$ 40,000,000
NLC | Catastrophic coverage | Third and fourth layer of protection
Reinsurance activity
Renewal period of reinsurance contract				2 years
NLC | Catastrophic coverage | First and second layers of protection
Reinsurance activity
Renewal period of reinsurance contract			18 months
NLIC and ASIC | Catastrophic coverage | Maximum
Reinsurance activity
Reinsurance retention amount					$ 8,000,000

Segment and Related Informat148

Segment and Related Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment and Related Information
Number of reportable segments | segment									4
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	$ 99,313	$ 115,211	$ 100,667	$ 93,392	$ 91,514	$ 85,760	$ 98,446	$ 85,421	$ 408,583	$ 361,141	$ 296,201
Provision for loan losses	4,277	5,593	158	2,687	4,125	4,033	5,533	3,242	12,715	16,933	37,158
Noninterest income	276,927	296,469	301,400	352,846	213,795	212,135	203,281	170,100	1,227,642	799,311	850,085
Noninterest expense	338,721	333,502	353,317	314,476	246,768	254,744	251,212	212,629	1,340,016	965,353	911,735
Income before income taxes	33,242	$ 72,585	$ 48,592	$ 129,075	54,416	$ 39,118	$ 44,982	$ 39,650	283,494	178,166	197,393
Goodwill	251,808				251,808				251,808	251,808
Total assets	11,867,001				9,242,416				11,867,001	9,242,416
Operating segment | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									369,493	334,377	293,254
Provision for loan losses									12,795	16,916	37,140
Noninterest income									62,639	67,438	71,045
Noninterest expense									243,926	245,790	155,102
Income before income taxes									175,411	139,109	172,057
Goodwill	207,741				207,741				207,741	207,741
Total assets	8,707,433				8,036,729				8,707,433	8,036,729
Operating segment | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									32,971	12,144	12,064
Provision for loan losses									(80)	17	18
Noninterest income									334,495	119,451	102,714
Noninterest expense									367,812	124,715	112,360
Income before income taxes									(266)	6,863	2,400
Goodwill	7,008				7,008				7,008	7,008
Total assets	2,673,455				758,636				2,673,455	758,636
Operating segment | Mortgage origination
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(10,423)	(12,591)	(37,840)
Noninterest income									597,163	456,776	537,497
Noninterest expense									539,257	431,820	472,284
Income before income taxes									47,483	12,365	27,373
Goodwill	13,071				13,071				13,071	13,071
Total assets	1,737,843				1,498,846				1,737,843	1,498,846
Operating segment | Insurance
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									3,187	3,672	7,442
Noninterest income									171,185	173,577	166,163
Noninterest expense									158,720	151,541	166,006
Income before income taxes									15,652	25,708	7,599
Goodwill	23,988				23,988				23,988	23,988
Total assets	349,259				328,693				349,259	328,693
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(5,109)	5,219	(1,597)
Noninterest income									81,289	5,985
Noninterest expense									31,926	13,878	10,439
Income before income taxes									44,254	(2,674)	(12,036)
Total assets	1,905,547				1,522,655				1,905,547	1,522,655
All Other and Eliminations.
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									18,464	18,320	22,878
Noninterest income									(19,129)	(23,916)	(27,334)
Noninterest expense									(1,625)	(2,391)	$ (4,456)
Income before income taxes									960	(3,205)
Total assets	$ (3,506,536)				$ (2,903,143)				$ (3,506,536)	$ (2,903,143)

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Basic earnings per share:
Income (loss) applicable to Hilltop common stockholders									$ 208,167	$ 105,400	$ 120,343
Weighted average shares outstanding - basic									99,074	89,710	84,382
Basic earnings (loss) per common share (in dollars per share)	$ 0.21	$ 0.47	$ 0.30	$ 1.12	$ 0.35	$ 0.26	$ 0.30	$ 0.26	$ 2.10	$ 1.18	$ 1.43
Diluted earnings per share:
Income (loss) applicable to Hilltop common stockholders									$ 209,119	$ 105,947	$ 126,074
Add: interest expense on Exchangeable Notes (net of tax)											$ 5,059
Weighted average shares outstanding - diluted									99,962	90,573	90,331
Effect of potentially dilutive securities (in shares)									888	863	5,949
Diluted earnings (loss) per common share (in dollars per share)	$ 0.21	$ 0.47	$ 0.30	$ 1.11	$ 0.35	$ 0.26	$ 0.30	$ 0.26	$ 2.09	$ 1.17	$ 1.40
Restricted Stock Awards
Basic earnings per share:
Less: income applicable to participating shares									$ (952)	$ (547)	$ (672)
Common Stock
Basic earnings per share:
Income (loss) applicable to Hilltop common stockholders									209,119	105,947	121,015
Diluted earnings per share:
Income (loss) applicable to Hilltop common stockholders									$ 209,119	$ 105,947	$ 121,015

Condensed Financial Statemen150

Condensed Financial Statements of Parent - Operations and Comp Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Statements of Operations and Comprehensive Income (Loss)
Interest expense	$ 16,649	$ 15,334	$ 14,995	$ 14,277	$ 7,802	$ 7,457	$ 5,962	$ 6,407	$ 61,255	$ 27,628	$ 32,874
Net gain on investment in SWS common stock										(5,985)
Bargain purchase gain									81,289		12,585
Loss before income taxes, equity in undistributed earnings of subsidiaries and preferred stock activity	33,242	72,585	48,592	129,075	54,416	39,118	44,982	39,650	283,494	178,166	197,393
Income tax expense (benefit)	12,020	25,338	18,137	15,420	20,950	14,010	16,294	14,354	70,915	65,608	70,684
Net income	$ 21,222	$ 47,247	$ 30,455	$ 113,655	$ 33,466	$ 25,108	$ 28,688	$ 25,296	212,579	112,558	126,709
Comprehensive income applicable to Hilltop									212,951	147,164	82,385
Hilltop Holdings Inc.
Condensed Statements of Operations and Comprehensive Income (Loss)
Investment income									445	5,219	6,635
Interest expense									5,554		8,232
Net gain on investment in SWS common stock										(5,985)
Bargain purchase gain									81,289
General and administrative expense									31,926	13,878	10,439
Loss before income taxes, equity in undistributed earnings of subsidiaries and preferred stock activity									44,254	(2,674)	(12,036)
Income tax expense (benefit)									(9,562)	(592)	(4,680)
Equity in undistributed earnings of subsidiaries									158,763	114,640	134,065
Net income									212,579	112,558	126,709
Other comprehensive income (loss), net									1,978	35,514	(43,418)
Comprehensive income applicable to Hilltop									$ 214,557	$ 148,072	$ 83,291

Condensed Financial Statemen151

Condensed Financial Statements of Parent - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 652,036	$ 782,473
Fair Value	673,706	925,535
Other assets	565,813	458,862
Total assets	11,867,001	9,242,416
Liabilities and Stockholders' Equity
Notes payable	238,716	56,684
Stockholders' equity	1,736,954	1,460,452
Total liabilities and stockholders' equity	11,867,001	9,242,416
Hilltop Holdings Inc.
Assets
Cash and cash equivalents	55,542	145,948	$ 163,856
Fair Value			69,023
Investment in subsidiaries	1,817,083	1,218,182	1,069,226
Other assets	32,922	88,243	14,293
Total assets	1,905,547	1,522,655	1,316,398
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	20,419	62,203	5,257
Notes payable	148,174
Stockholders' equity	1,736,954	1,460,452	1,311,141
Total liabilities and stockholders' equity	$ 1,905,547	1,522,655	$ 1,316,398
SWS
Assets
Investment in subsidiaries		$ 70,282

Condensed Financial Statemen152

Condensed Financial Statements of Parent - Cash flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income	$ 21,222	$ 47,247	$ 30,455	$ 113,655	$ 33,466	$ 25,108	$ 28,688	$ 25,296	$ 212,579	$ 112,558	$ 126,709
Adjustments to reconcile net income to net cash used in operating activities:
Preliminary bargain purchase gain									(81,289)		(12,585)
Deferred income taxes									17,376	(22,782)	15,829
Net gain on investment in SWS common stock										(5,985)
Net cash provided by (used in) operating activities									35,737	(91,420)	396,705
Investing Activities
Net cash provided by investing activities									442,289	259,824	223,917
Financing Activities
Payments to repurchase common stock									(30,028)
Proceeds from issuance of notes payable									150,078	3,000	2,000
Redemption of senior exchangeable notes									(42,571)	(2,643)	(3,262)
Dividends paid on preferred stock									(3,539)	(5,619)	(2,985)
Redemption of preferred stock									(114,068)
Other, net									643	2,620	2,482
Net cash used in financing activities									(621,656)	(101,352)	(601,059)
Net change in cash and cash equivalents									(143,630)	67,052	19,563
Cash and cash equivalents, beginning of period				813,075				746,023	813,075	746,023	726,460
Cash and cash equivalents, end of period	669,445				813,075				669,445	813,075	746,023
Supplemental Schedule of Non-Cash Activities
Conversion of available for sale investment to SWS common stock										71,502
Redemption of senior exchangeable notes for common stock											83,950
Hilltop Holdings Inc.
Operating Activities
Net income									212,579	112,558	126,709
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed earnings of subsidiaries									(158,763)	(114,640)	(134,065)
Preliminary bargain purchase gain									(81,289)
Deferred income taxes									12,429	156	8,850
Net gain on investment in SWS common stock										(5,985)
Loss on redemption of senior exchangeable notes											3,733
Other, net									2,443	(1,379)	132
Net cash provided by (used in) operating activities									(12,601)	(9,290)	5,359
Investing Activities
Advance to subsidiary										(6,000)
Capital contribution to subsidiary											(35,000)
Cash paid for acquisition									(78,217)
Other, net									(31)
Net cash provided by investing activities									(78,248)	(6,000)	(35,000)
Financing Activities
Payments to repurchase common stock									(30,028)
Proceeds from issuance of notes payable									148,078
Redemption of senior exchangeable notes											(11,088)
Dividends paid on preferred stock									(3,539)	(5,619)	(2,985)
Redemption of preferred stock									(114,068)
Other, net										3,001	2,816
Net cash used in financing activities									443	(2,618)	(11,257)
Net change in cash and cash equivalents									(90,406)	(17,908)	(40,898)
Cash and cash equivalents, beginning of period				$ 145,948				$ 163,856	145,948	163,856	204,754
Cash and cash equivalents, end of period	$ 55,542				$ 145,948				55,542	145,948	163,856
Supplemental Schedule of Non-Cash Activities
Conversion of available for sale investment to SWS common stock									$ 200,626
Redemption of senior exchangeable notes for common stock										$ 71,502
Preferred stock issued in acquisition											$ 83,950

Condensed Financial Statemen153

Condensed Financial Statements of Parent - Cash flows- Additional Info. (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 02, 2014
Investing Activities
Unrealized gains associated with SWS common stock		$ 11,542	$ 9,019	$ 11,542
Other non interest income			$ 14,906	18,809	$ 9,211
SWS
Investing Activities
Unrealized gains associated with SWS common stock						$ 7,200
Loss due to change in fair value		$ 1,200
Other non interest income				$ 6,000
Hilltop Holdings Inc.
Investing Activities
Contributed capital provided by the entity					$ 35,000
Hilltop Holdings Inc. | FNB
Investing Activities
Contributed capital provided by the entity	$ 35,000

Recent Issued Accounting Standa

Recent Issued Accounting Standards (Details) - Senior Notes 5.00 Percent Due 2025 - USD ($) $ in Millions	Jun. 30, 2015	Apr. 09, 2015
Accounting Standards Update 2015-03 | Adjustments for New Accounting Principle, Early Adoption
Recent Accounting Pronouncements
Reduction of debt issuance costs asset	$ 1.9
Reduction of long-term debt	$ 1.9
Private Placement
Recent Accounting Pronouncements
Debt Instrument, Face Amount		$ 150
Debt Instrument, Interest Rate, Stated Percentage		5.00%

Selected Quarterly Financial155

Selected Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Selected Quarterly Financial Information (Unaudited)
Interest income	$ 115,962	$ 130,545	$ 115,662	$ 107,669	$ 99,316	$ 93,217	$ 104,408	$ 91,828	$ 469,838	$ 388,769	$ 329,075
Interest expense	16,649	15,334	14,995	14,277	7,802	7,457	5,962	6,407	61,255	27,628	32,874
Net interest income	99,313	115,211	100,667	93,392	91,514	85,760	98,446	85,421	408,583	361,141	296,201
Provision for loan losses	4,277	5,593	158	2,687	4,125	4,033	5,533	3,242	12,715	16,933	37,158
Noninterest income	276,927	296,469	301,400	352,846	213,795	212,135	203,281	170,100	1,227,642	799,311	850,085
Noninterest expense	338,721	333,502	353,317	314,476	246,768	254,744	251,212	212,629	1,340,016	965,353	911,735
Income before income taxes	33,242	72,585	48,592	129,075	54,416	39,118	44,982	39,650	283,494	178,166	197,393
Income tax expense	12,020	25,338	18,137	15,420	20,950	14,010	16,294	14,354	70,915	65,608	70,684
Net income	21,222	47,247	30,455	113,655	33,466	25,108	28,688	25,296	212,579	112,558	126,709
Less: Net income attributable to noncontrolling interest	495	353	405	353	325	296	177	110	1,606	908	1,367
Income attributable to Hilltop	20,727	46,894	30,050	113,302	33,141	24,812	28,511	25,186	210,973	111,650	125,342
Dividends on preferred stock			428	1,426	1,425	1,426	1,426	1,426	1,854	5,703
Income applicable to Hilltop common stockholders	$ 20,727	$ 46,894	$ 29,622	$ 111,876	$ 31,716	$ 23,386	$ 27,085	$ 23,760	$ 209,119	$ 105,947	$ 121,015
Earnings per common share:
Basic (in dollars per share)	$ 0.21	$ 0.47	$ 0.30	$ 1.12	$ 0.35	$ 0.26	$ 0.30	$ 0.26	$ 2.10	$ 1.18	$ 1.43
Diluted (in dollars per share)	$ 0.21	$ 0.47	$ 0.30	$ 1.11	$ 0.35	$ 0.26	$ 0.30	$ 0.26	$ 2.09	$ 1.17	$ 1.40