Hilltop (HTH) 10-Q 18 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 18, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-31987
Entity Registrant Name	Hilltop Holdings Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	84-1477939
Entity Address, Address Line One	2323 Victory Avenue
Entity Address, Address Line Two	Suite 1400
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75219
City Area Code	214
Local Phone Number	855-2177
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HTH
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		90,632,962
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 326,129	$ 644,073
Federal funds sold	423	400
Assets segregated for regulatory purposes	83,878	133,993
Securities purchased under agreements to resell	49,998	61,611
Securities:
Trading, at fair value	707,268	745,466
Available for sale, at fair value (amortized cost of $987,992 and $886,799, respectively)	1,003,850	875,658
Held to maturity, at amortized cost (fair value of $377,337 and $341,124, respectively)	371,361	351,012
Equity, at fair value	19,494	19,679
Total securities	2,101,973	1,991,815
Loans held for sale	1,984,231	1,393,246
Loans held for investment, net of unearned income	7,321,208	6,930,458
Allowance for loan losses	(55,604)	(59,486)
Loans held for investment, net	7,265,604	6,870,972
Broker-dealer and clearing organization receivables	1,731,979	1,440,287
Premises and equipment, net	213,757	237,373
Operating lease right-of-use assets	121,838
Other assets	633,794	580,362
Goodwill	291,435	291,435
Other intangible assets, net	31,990	38,005
Total assets	14,837,029	13,683,572
Deposits:
Noninterest-bearing	2,732,325	2,560,750
Interest-bearing	5,998,547	5,975,406
Total deposits	8,730,872	8,536,156
Broker-dealer and clearing organization payables	1,546,163	1,294,925
Short-term borrowings	1,502,755	1,065,807
Securities sold, not yet purchased, at fair value	59,249	81,667
Notes payable	245,341	228,872
Operating lease liabilities	131,133
Junior subordinated debentures	67,012	67,012
Other liabilities	471,077	435,240
Total liabilities	12,753,602	11,709,679
Commitments and contingencies (see Notes 13 and 14)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 90,629,208 and 93,610,217 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	906	936
Additional paid-in capital	1,441,604	1,489,816
Accumulated other comprehensive income (loss)	12,305	(8,627)
Retained earnings	602,835	466,737
Deferred compensation employee stock trust, net	789	825
Employee stock trust (8,508 and 11,672 shares, at cost, at September 30, 2019 and December 31, 2018, respectively)	(170)	(217)
Total Hilltop stockholders' equity	2,058,269	1,949,470
Noncontrolling interests	25,158	24,423
Total stockholders' equity	2,083,427	1,973,893
Total liabilities and stockholders' equity	$ 14,837,029	$ 13,683,572

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 987,992	$ 886,799
Held to maturity, fair value	$ 377,337	$ 341,124
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	90,629,208	93,610,217
Common stock, shares outstanding	90,629,208	93,610,217
Employee stock trust, shares	8,508	11,672

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income:
Loans, including fees	$ 119,580	$ 113,535	$ 344,775	$ 317,403
Securities borrowed	21,010	16,346	53,386	50,132
Securities:
Taxable	15,764	11,994	46,064	35,463
Tax-exempt	1,576	1,717	4,587	5,186
Other	4,026	4,734	13,240	13,542
Total interest income	161,956	148,326	462,052	421,726
Interest expense:
Deposits	18,887	12,353	54,029	31,164
Securities loaned	17,889	13,984	46,097	42,798
Short-term borrowings	8,166	7,831	20,534	18,340
Notes payable	2,715	2,702	7,985	7,636
Junior subordinated debentures	955	955	2,942	2,695
Other	132	160	446	484
Total interest expense	48,744	37,985	132,033	103,117
Net interest income	113,212	110,341	330,019	318,609
Provision (recovery) for loan losses	47	(371)	326	(1,838)
Net interest income after provision (recovery) for loan losses	113,165	110,712	329,693	320,447
Noninterest income:
Net gains from sale of loans and other mortgage production income	157,050	116,243	384,362	354,488
Mortgage loan origination fees	37,782	27,004	93,064	76,948
Securities commissions and fees	34,426	36,968	104,537	114,005
Investment and securities advisory fees and commissions	28,685	23,487	71,704	63,806
Net insurance premiums earned	32,654	34,185	99,323	102,605
Other	50,804	31,810	153,750	72,422
Total noninterest income	341,401	269,697	906,740	784,274
Noninterest expense:
Employees' compensation and benefits	235,197	205,575	640,838	588,807
Occupancy and equipment, net	27,202	29,015	83,444	84,695
Professional services	24,346	27,984	71,041	78,959
Loss and loss adjustment expenses	14,677	18,712	54,584	58,653
Other	48,687	54,425	152,964	171,316
Total noninterest expense	350,109	335,711	1,002,871	982,430
Income before income taxes	104,457	44,698	233,562	122,291
Income tax expense	22,750	7,600	52,287	26,122
Net income	81,707	37,098	181,275	96,169
Less: Net income attributable to noncontrolling interest	2,289	1,293	5,260	2,843
Income attributable to Hilltop	$ 79,418	$ 35,805	$ 176,015	$ 93,326
Earnings per common share:
Basic (in dollars per share)	$ 0.87	$ 0.38	$ 1.89	$ 0.98
Diluted (in dollars per share)	$ 0.86	$ 0.38	$ 1.89	$ 0.98
Weighted average share information:
Basic (in shares)	91,745	94,554	92,931	95,264
Diluted (in shares)	91,824	94,610	92,959	95,355

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 81,707	$ 37,098	$ 181,275	$ 96,169
Other comprehensive income:
Net unrealized gains (losses) on securities available for sale, net of tax of $1,238, $(847), $6,030 and $(3,335), respectively	6,468	(2,900)	22,973	(11,751)
Reclassification adjustment for gains included in net income, net of tax of $(531), $7, $(536) and $7, respectively	(2,025)	24	(2,041)	24
Comprehensive income	86,150	34,222	202,207	84,442
Less: comprehensive income attributable to noncontrolling interest	2,289	1,293	5,260	2,843
Comprehensive income applicable to Hilltop	$ 83,861	$ 32,929	$ 196,947	$ 81,599

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net unrealized gains (losses) on securities available for sale, tax	$ 1,238	$ (847)	$ 6,030	$ (3,335)
Other comprehensive income reclassification adjustment, tax	$ (531)	$ 7	$ (536)	$ 7

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Parent	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Deferred Compensation Employee Stock Trust, Net	Employee Stock Trust	Noncontrolling Interest	Total
Balance at Dec. 31, 2017	$ 1,912,081	$ 960	$ 1,526,369	$ (394)	$ 384,545	$ 848	$ (247)	$ 2,726	$ 1,914,807
Balance (in shares) at Dec. 31, 2017		95,982,000					12,000
Increase (Decrease) in Stockholders' Equity
Net income	93,326				93,326			2,843	96,169
Other comprehensive income (loss)	(11,727)			(11,727)					(11,727)
Stock-based compensation expense	6,725		6,725						6,725
Common stock issued to board members	513		513						513
Common stock issued to board members (in shares)		22,000
Issuance of common stock related to share-based awards, net	(1,808)	$ 3	(1,811)						(1,808)
Issuance of common stock related to share-based awards, net (in shares)		292,000
Repurchases of common stock	(38,821)	$ (17)	(27,329)		(11,475)				(38,821)
Repurchases of common stock (in shares)		(1,702,000)
Dividends on common stock	(20,074)				(20,074)				(20,074)
Deferred compensation plan	7					12	$ (5)		7
Deferred compensation plan (in shares)							(1,000)
Adoption of accounting standards				(2,601)	2,601
Net cash contributed from noncontrolling interest								18,367	18,367
Balance at Sep. 30, 2018	1,940,222	$ 946	1,504,467	(14,722)	448,923	860	$ (252)	23,936	1,964,158
Balance (in shares) at Sep. 30, 2018		94,594,000					11,000
Balance at Jun. 30, 2018	1,911,493	$ 946	1,502,105	(11,846)	419,683	857	$ (252)	4,920	1,916,413
Balance (in shares) at Jun. 30, 2018		94,571,000					11,000
Increase (Decrease) in Stockholders' Equity
Net income	35,805				35,805			1,293	37,098
Other comprehensive income (loss)	(2,876)			(2,876)					(2,876)
Stock-based compensation expense	2,176		2,176						2,176
Common stock issued to board members	265		265						265
Common stock issued to board members (in shares)		12,000
Issuance of common stock related to share-based awards, net	(79)		(79)						(79)
Issuance of common stock related to share-based awards, net (in shares)		11,000
Dividends received on repurchased common stock	56				56				56
Dividends on common stock	(6,621)				(6,621)				(6,621)
Deferred compensation plan	3					3			3
Net cash contributed from noncontrolling interest								17,723	17,723
Balance at Sep. 30, 2018	1,940,222	$ 946	1,504,467	(14,722)	448,923	860	$ (252)	23,936	1,964,158
Balance (in shares) at Sep. 30, 2018		94,594,000					11,000
Balance at Dec. 31, 2018	1,949,470	$ 936	1,489,816	(8,627)	466,737	825	$ (217)	24,423	1,973,893
Balance (in shares) at Dec. 31, 2018		93,610,000					11,000
Increase (Decrease) in Stockholders' Equity
Net income	176,015				176,015			5,260	181,275
Other comprehensive income (loss)	20,932			20,932					20,932
Stock-based compensation expense	7,717		7,717						7,717
Common stock issued to board members	426		426						426
Common stock issued to board members (in shares)		21,000
Issuance of common stock related to share-based awards, net	(1,934)	$ 4	(1,938)						(1,934)
Issuance of common stock related to share-based awards, net (in shares)		388,000
Repurchases of common stock	(73,385)	$ (34)	(54,417)		(18,934)				$ (73,385)
Repurchases of common stock (in shares)		(3,390,000)							(3,390,247)
Dividends on common stock	(22,376)				(22,376)				$ (22,376)
Deferred compensation plan	11					(36)	$ 47		11
Deferred compensation plan (in shares)							(2,000)
Adoption of accounting standards	1,393				1,393				1,393
Net cash distributed to noncontrolling interest								(4,525)	(4,525)
Balance at Sep. 30, 2019	2,058,269	$ 906	1,441,604	12,305	602,835	789	$ (170)	25,158	2,083,427
Balance (in shares) at Sep. 30, 2019		90,629,000					9,000
Balance at Jun. 30, 2019	2,027,281	$ 928	1,473,599	7,862	544,275	788	$ (171)	24,524	2,051,805
Balance (in shares) at Jun. 30, 2019		92,775,000					9,000
Increase (Decrease) in Stockholders' Equity
Net income	79,418				79,418			2,289	81,707
Other comprehensive income (loss)	4,443			4,443					4,443
Stock-based compensation expense	2,978		2,978						2,978
Common stock issued to board members	145		145						145
Common stock issued to board members (in shares)		6,000
Issuance of common stock related to share-based awards, net	(200)		(200)						(200)
Issuance of common stock related to share-based awards, net (in shares)		23,000
Repurchases of common stock	(48,405)	$ (22)	(34,918)		(13,465)				(48,405)
Repurchases of common stock (in shares)		(2,175,000)
Dividends on common stock	(7,393)				(7,393)				(7,393)
Deferred compensation plan	2					1	$ 1		2
Net cash distributed to noncontrolling interest								(1,655)	(1,655)
Balance at Sep. 30, 2019	$ 2,058,269	$ 906	$ 1,441,604	$ 12,305	$ 602,835	$ 789	$ (170)	$ 25,158	$ 2,083,427
Balance (in shares) at Sep. 30, 2019		90,629,000					9,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Oct. 24, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.08	$ 0.08	$ 0.07	$ 0.24	$ 0.21

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income	$ 181,275	$ 96,169
Adjustments to reconcile net income to net cash used in operating activities:
Provision (recovery) for loan losses	326	(1,838)
Depreciation, amortization and accretion, net	(455)	3,558
Net change in fair value of equity securities	(1,368)	396
Deferred income taxes	1,065	653
Other, net	10,695	6,355
Net change in securities purchased under agreements to resell	11,613	21,881
Net change in trading securities	38,198	70,371
Net change in broker-dealer and clearing organization receivables	(271,474)	(42,516)
Net change in other assets	(48,122)	39,208
Net change in broker-dealer and clearing organization payables	132,964	85,409
Net change in other liabilities	87,990	(79,283)
Net change in securities sold, not yet purchased	(22,418)	(53,239)
Proceeds from sale of mortgage servicing rights asset		9,303
Net gains from sales of loans	(384,362)	(354,488)
Loans originated for sale	(11,858,761)	(11,148,919)
Proceeds from loans sold	11,638,303	11,665,782
Net cash provided by (used in) operating activities	(484,531)	318,802
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	53,051	36,729
Proceeds from sales, maturities and principal reductions of securities available for sale	219,351	190,266
Proceeds from sales, maturities and principal reductions of equity securities	1,860	3
Purchases of securities held to maturity	(73,652)	(29,377)
Purchases of securities available for sale	(324,609)	(276,710)
Purchases of equity securities	(307)	(719)
Net change in loans held for investment	(387,952)	(113,918)
Purchases of premises and equipment and other assets	(27,200)	(60,473)
Proceeds from sales of premises and equipment and other real estate owned	12,570	18,440
Net cash paid for Federal Home Loan Bank and Federal Reserve Bank stock	(20,381)	(5,447)
Net cash paid for acquisition		(63,245)
Net cash used in investing activities	(547,269)	(304,451)
Financing Activities
Net change in deposits	312,990	(40,850)
Net change in short-term borrowings	436,948	10,225
Proceeds from notes payable	675,086	455,776
Payments on notes payable	(658,677)	(444,312)
Payments to repurchase common stock	(73,385)	(38,821)
Dividends paid on common stock	(22,376)	(20,074)
Net cash received from (distributed to) noncontrolling interest	(4,525)	18,367
Taxes paid on employee stock awards netting activity	(1,934)	(1,806)
Other, net	(363)	(551)
Net cash provided by (used in) financing activities	663,764	(62,046)
Net change in cash, cash equivalents and restricted cash	(368,036)	(47,695)
Cash, cash equivalents and restricted cash, beginning of period	778,466	673,960
Cash, cash equivalents and restricted cash, end of period	410,430	626,265
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	125,928	101,402
Cash paid for income taxes, net of refunds	32,227	5,806
Supplemental Schedule of Non-Cash Activities
Derecognition of construction in progress related to build-to-suit lease obligations		23,773
Conversion of loans to other real estate owned	3,502	5,868
Additions to mortgage servicing rights	$ 8,574	$ 21,090

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 326,129	$ 644,073	$ 405,682
Federal funds sold	423	400	468
Assets segregated for regulatory purposes	83,878	133,993	220,115
Total cash, cash equivalents and restricted cash	$ 410,430	$ 778,466	$ 626,265	$ 673,960

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	9 Months Ended
	Sep. 30, 2019
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, headquartered in Dallas, Texas, provides its products and services through three primary business units, PlainsCapital Corporation (“PCC”), Hilltop Securities Holdings LLC (“Securities Holdings”) and National Lloyds Corporation (“NLC”). PCC is a financial holding company that provides, through its subsidiaries, traditional banking, wealth and investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company 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 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. ​ Basis of Presentation ​ The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. ​ The preparation of financial statements in conformity with 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, 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 PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). ​ PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds an ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). ​ PCC 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 (“VIE”) 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, Hilltop Securities Inc. (“Hilltop Securities”), Hilltop Securities Independent Network Inc. (“HTS Independent Network”) (collectively, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”), HTS Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA, and Hilltop Securities Asset Management, LLC is a registered investment adviser under the Investment Advisers Act of 1940. ​ Hilltop also owns 100% of NLC, which operates through its wholly owned subsidiaries, National Lloyds Insurance Company (“NLIC”) and American Summit Insurance Company (“ASIC”). ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop Investments I, LLC. Hilltop Investments I, LLC owns 50 % of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 13 to the consolidated financial statements and are collectively referred to as the “Hilltop Plaza Entities.” ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany 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. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation, including reclassifications due to the adoption of new accounting pronouncements. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. ​ Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2018 Form 10-K. As a result of the adoption of ASU 2016-02 and related amendments and technical corrections (collectively, the “Leasing Standard”), the Company has included a new significant accounting policy related to lease accounting as summarized below. ​ Leases ​ The Company determines if an arrangement is a lease at inception. Operating leases with a term of greater than one year are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases are included in premises and equipment and other liabilities on the Company’s consolidated balance sheets. The Company has lease agreements with lease and nonlease components, which are generally accounted for as a single lease component. Leases of low-value assets are assessed on a lease-by-lease basis to determine the need for balance sheet capitalization. ​ ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate commensurate with the lease term based on the information available at the lease commencement date in determining the present value of lease payments. No significant judgments or assumptions were involved in developing the estimated operating lease liabilities as the Company’s operating lease liabilities largely represent the future rental expenses associated with operating leases, and the incremental borrowing rates are based on publicly available interest rates. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. These options to extend or terminate are assessed on a lease-by-lease basis, and the ROU assets and lease liabilities are adjusted when it is reasonably certain that an option will be exercised. Rental expense for lease payments is recognized on a straight-line basis over the lease term and is included in occupancy and equipment, net within our consolidated statements of operations. ​ ​

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2019
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards ​ Accounting Standards Adopted During 2019 ​ In July 2018, the FASB issued ASU 2018-09 which clarifies, corrects and makes minor improvements to a wide variety of topics in the ASC. The amendments make the ASC easier to understand and apply by eliminating inconsistencies and providing clarifications. The transition and effective dates are based on the facts and circumstances of each amendment, with some amendments becoming effective upon issuance of the ASU, and others becoming effective for annual periods beginning after December 15, 2018. The Company adopted the amendments as of January 1, 2019, which did not have a material effect on the Company’s consolidated financial statements. ​ In August 2017, the FASB issued ASU 2017-12 which provides targeted improvements to accounting for hedging activities. The FASB has issued various updates, improvements and technical corrections since the issuance of ASU 2017-12. The purpose of the amendment is to better align a company’s risk management activities with its financial reporting for hedging relationships, to simplify the hedge accounting requirements and to improve the disclosures of hedging arrangements. The amendment is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company adopted the standard on January 1, 2019. The Company has not historically applied hedge accounting to its derivative transactions, so the provisions of the amendment did not have a material effect on the Company’s consolidated financial statements. ​ In February 2016, the FASB issued the Leasing Standard, which is codified in ASC 842, Leases ​ Accounting Standards Issued But Not Yet Adopted ​ In August 2018, the FASB issued ASU 2018-15 which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software licenses). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. The amendment also includes presentation and disclosure provisions regarding capitalized implementation costs. The amendment is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company will adopt the provisions of this amendment in the first quarter of 2020 with the impact to be limited to presentation and disclosure changes that are not expected to have an impact on its future consolidated financial statements. ​ In August 2018, the FASB issued ASU 2018-13, which includes various removals, modifications and additions to existing guidance regarding fair value disclosures. The amendments are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company will adopt the provisions of this amendment in the first quarter of 2020 with the impact to be limited to presentation and disclosure changes that are not expected to have an impact on its future consolidated financial statements. ​ In June 2016, the FASB issued ASU 2016-13 which sets forth a “current expected credit loss” (CECL) model that requires entities to measure all credit losses expected over the life of an exposure (or pool of exposures) for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The FASB has issued various updates, improvements and technical corrections to the standard since the issuance of ASU 2016-13. The new standard, which is codified in ASC 326, Financial Instruments – Credit Losses ​ ​

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2019
Acquisition
Acquisition	​ 3. Acquisition ​ BORO Acquisition ​ On August 1, 2018, to expand its Houston-area banking operations, the Company acquired privately-held The Bank of River Oaks (“BORO”) in an all-cash transaction (the “BORO Acquisition”). Pursuant to the terms of the definitive agreement, the Company paid cash in the aggregate amount of $85 million to the shareholders and option holders of BORO. The operations of BORO are included in the Bank’s operating results beginning August 1, 2018. BORO’s results of operations prior to the acquisition date are not included in the Company’s consolidated operating results. ​ The BORO Acquisition 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 resulting fair values of the identifiable assets acquired and liabilities assumed from BORO at August 1, 2018 are summarized in the following table (in thousands). ​ ​ ​ ​ ​ ​ Cash and due from banks $ 21,756 ​ Securities ​ 60,477 ​ Loans held for investment ​ 326,618 ​ Other assets ​ 25,912 ​ Total identifiable assets acquired ​ 434,763 ​ ​ ​ ​ ​ ​ Deposits ​ 376,393 ​ Short-term borrowings ​ 10,000 ​ Other liabilities ​ 2,996 ​ Total liabilities assumed ​ 389,389 ​ ​ ​ ​ ​ Net identifiable assets acquired ​ ​ 45,374 ​ Goodwill resulting from the acquisition ​ 39,627 ​ Net assets acquired ​ $ 85,001 ​ ​ The goodwill of $39.6 million resulting from the BORO Acquisition represents the inherent long-term value expected from the business opportunities created from combining BORO with the Company. The Company used significant estimates and assumptions to value the identifiable assets acquired and liabilities assumed. The amount of goodwill recorded in connection with the Company’s acquisition of BORO is not deductible for tax purposes. ​ Included within the fair value of other assets in the table above are $10.0 million of identifiable core deposits intangible assets recorded in connection with the BORO Acquisition which are being amortized on an accelerated basis over an estimated useful life of six years. The fair value of the core deposit intangible assets was estimated using the net cost savings method, a variation of the income approach. This involved the use of the following significant assumptions: cost of deposits, customer attrition rate, and discount rate. ​ In connection with the BORO Acquisition, the Company 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 purchased credit impaired (“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 Loans Held ​ ​ PCI Loans ​ Loans ​ for Investment Commercial real estate ​ $ 119,188 ​ $ 5,350 ​ $ 124,538 ​ 1 - 4 family residential ​ ​ 55,487 ​ ​ 39 ​ ​ 55,526 ​ Construction and land development ​ 37,134 ​ — ​ 37,134 ​ Commercial and industrial ​ 98,259 ​ 2,127 ​ 100,386 ​ Consumer ​ 9,021 ​ 13 ​ 9,034 ​ Total ​ $ 319,089 ​ $ 7,529 ​ $ 326,618 ​ ​ The following table presents information about the PCI loans at acquisition (in thousands). ​ ​ ​ ​ ​ ​ Contractually required principal and interest payments $ 10,730 Nonaccretable difference ​ 2,859 ​ Cash flows expected to be collected ​ 7,871 ​ Accretable difference ​ 342 ​ Fair value of loans acquired with a deterioration of credit quality ​ $ 7,529 ​ ​ The following table presents information about the acquired loans without credit impairment at acquisition (in thousands). ​ ​ ​ ​ ​ ​ Contractually required principal and interest payments $ 381,551 Contractual cash flows not expected to be collected ​ 15,286 ​ Fair value at acquisition ​ 319,089 ​ ​

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Measurements
Fair Value Measurements	4. 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 includes 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 retained mortgage servicing rights (“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 September 30, 2019 and December 31, 2018, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $1.85 billion and $1.26 billion, respectively, and the unpaid principal balance of those loans was $1.80 billion and $1.21 billion, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. ​ 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. Those inputs include quotes from mortgage loan investors and derivatives dealers and data from independent pricing services. The fair value of loans held for sale is determined using an exit price method. ​ 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 September 30, 2019 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 6,562 ​ $ 700,706 ​ $ — ​ $ 707,268 ​ Available for sale securities ​ ​ — ​ ​ 1,003,850 ​ ​ — ​ ​ 1,003,850 ​ Equity securities ​ ​ 19,494 ​ ​ — ​ ​ — ​ ​ 19,494 ​ Loans held for sale ​ ​ — ​ ​ 1,792,321 ​ ​ 60,904 ​ ​ 1,853,225 ​ Derivative assets ​ ​ — ​ ​ 40,791 ​ ​ — ​ ​ 40,791 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 51,297 ​ ​ 51,297 ​ Securities sold, not yet purchased ​ ​ 33,454 ​ ​ 25,795 ​ ​ — ​ ​ 59,249 ​ Derivative liabilities ​ ​ — ​ ​ 6,083 ​ ​ — ​ ​ 6,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2018 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 7,947 ​ $ 737,519 ​ $ — ​ $ 745,466 ​ Available for sale securities ​ ​ — ​ ​ 875,658 ​ ​ — ​ ​ 875,658 ​ Equity securities ​ ​ 19,679 ​ ​ — ​ ​ — ​ ​ 19,679 ​ Loans held for sale ​ ​ — ​ ​ 1,207,311 ​ ​ 50,464 ​ ​ 1,257,775 ​ Derivative assets ​ ​ — ​ ​ 35,010 ​ ​ — ​ ​ 35,010 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 66,102 ​ ​ 66,102 ​ Securities sold, not yet purchased ​ ​ 33,000 ​ ​ 48,667 ​ ​ — ​ ​ 81,667 ​ Derivative liabilities ​ ​ — ​ ​ 26,355 ​ ​ — ​ ​ 26,355 ​ ​ The following tables include 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 to ​ Included in ​ Comprehensive ​ Balance at ​ ​ Period ​ Additions ​ Reductions ​ (from) Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 56,799 ​ $ 15,347 ​ $ (9,364) ​ $ 711 ​ $ (2,589) ​ $ — ​ $ 60,904 ​ MSR asset ​ 53,695 ​ ​ 4,166 ​ ​ — ​ ​ — ​ ​ (6,564) ​ ​ — ​ 51,297 ​ Total ​ $ 110,494 ​ $ 19,513 ​ $ (9,364) ​ $ 711 ​ $ (9,153) ​ $ — ​ $ 112,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 44,827 ​ $ (27,448) ​ $ 1,136 ​ $ (8,075) ​ $ — ​ $ 60,904 ​ MSR asset ​ ​ 66,102 ​ ​ 8,574 ​ ​ — ​ ​ — ​ ​ (23,379) ​ ​ — ​ ​ 51,297 ​ Total ​ $ 116,566 ​ $ 53,401 ​ $ (27,448) ​ $ 1,136 ​ $ (31,454) ​ $ — ​ $ 112,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 40,781 ​ $ 19,156 ​ $ (4,614) ​ ​ — ​ $ (958) ​ $ — ​ $ 54,365 ​ MSR asset ​ ​ 57,373 ​ ​ 11,361 ​ ​ — ​ ​ — ​ ​ 70 ​ ​ — ​ ​ 68,804 ​ Total ​ $ 98,154 ​ $ 30,517 ​ $ (4,614) ​ $ — ​ $ (888) ​ $ — ​ $ 123,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 36,972 ​ $ 39,706 ​ $ (17,127) ​ ​ — ​ $ (5,186) ​ $ — ​ $ 54,365 ​ MSR asset ​ ​ 54,714 ​ ​ 21,090 ​ ​ (9,303) ​ ​ — ​ ​ 2,303 ​ ​ — ​ ​ 68,804 ​ Total ​ $ 91,686 ​ $ 60,796 ​ $ (26,430) ​ $ — ​ $ (2,883) ​ $ — ​ $ 123,169 ​ ​ All net realized and unrealized gains (losses) in the tables above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at September 30, 2019. ​ For Level 3 financial instruments measured at fair value on a recurring basis at September 30, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Financial instrument Valuation Technique Unobservable Inputs 2019 ​ 2018 Loans ​ Discounted ​ Projected price ​ 92 - 96 % ( 95 %) ​ 95 - 96 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ 14.40 % ​ ​ ​ ​ ​ 10.51 % ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ 11.13 % ​ ​ ​ ​ ​ 11.11 % ​ ​ ​ 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 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. ​ The MSR asset, which is included in other assets within the Company’s consolidated balance sheets, is reported at fair value using Level 3 inputs. The MSR asset is valued 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 7 to the consolidated financial statements. ​ The Company had no transfers between Levels 1 and 2 during the periods presented. Any transfers are based on changes in the observability and/or significance of the valuation inputs and are assumed to occur at the beginning of the quarterly reporting period in which they occur. ​ The following table presents those changes in fair value of instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Three Months Ended September 30, 2018 ​ ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Loans held for sale ​ $ 4,117 ​ $ — ​ $ 4,117 ​ $ (20,417) ​ $ — ​ $ (20,417) ​ MSR asset ​ (6,564) ​ — ​ (6,564) ​ 70 ​ — ​ 70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2018 ​ ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Loans held for sale ​ $ 7,972 ​ $ — ​ $ 7,972 ​ $ (12,693) ​ $ — ​ $ (12,693) ​ MSR asset ​ (23,379) ​ — ​ (23,379) ​ 2,303 ​ — ​ 2,303 ​ ​ The Company also determines the fair value of certain assets and liabilities on a non-recurring basis. In particular, the fair value of all assets acquired and liabilities assumed in an acquisition of a business are determined at their respective acquisition date fair values. 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 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. ​ Estimates for these significant unobservable inputs and the resulting weighted average expected loss on PCI loans were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PCI Loans ​ ​ ​ PlainsCapital ​ FNB ​ SWS ​ BORO ​ September 30, 2019 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 84 % 30 % 66 % 59 % Weighted average loss severity rate ​ 58 % 12 % 28 % 43 % Weighted average prepayment speed ​ 0 % 5 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 49 % 4 % 18 % 25 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PCI Loans ​ ​ ​ PlainsCapital ​ FNB ​ SWS ​ BORO ​ December 31, 2018 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 81 % 34 % 71 % 63 % Weighted average loss severity rate ​ 59 % 12 % 28 % 42 % Weighted average prepayment speed ​ 0 % 6 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 48 % 4 % 20 % 26 % ​ 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 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 ​ Total Gains (Losses) for the ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total ​ Three Months Ended September 30, ​ Nine Months Ended September 30, September 30, 2019 Inputs Inputs Inputs Fair Value 2019 2018 2019 2018 Impaired loans held for investment ​ $ — ​ $ — ​ $ 67,097 ​ $ 67,097 ​ $ (1,730) ​ $ 668 ​ $ (2,925) ​ $ (57) Other real estate owned ​ — ​ 12,112 ​ — ​ 12,112 ​ (177) ​ (394) ​ (790) ​ (2,194) ​ 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. There have been changes to the methods for determining estimated fair value for financial assets and liabilities as described in detail in Note 3 to the consolidated financial statements included in the Company’s 2018 Form 10-K. ​ 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 ​ ​ September 30, 2019 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 326,552 ​ $ 326,552 ​ $ — ​ $ — ​ $ 326,552 ​ Assets segregated for regulatory purposes ​ ​ 83,878 ​ ​ 83,878 ​ ​ — ​ ​ — ​ ​ 83,878 ​ Securities purchased under agreements to resell ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ Held to maturity securities ​ ​ 371,361 ​ ​ — ​ ​ 377,337 ​ ​ — ​ ​ 377,337 ​ Loans held for sale ​ ​ 131,006 ​ ​ — ​ ​ 131,006 ​ ​ — ​ ​ 131,006 ​ Loans held for investment, net ​ ​ 7,265,604 ​ ​ — ​ ​ 558,144 ​ ​ 6,930,261 ​ ​ 7,488,405 ​ Broker-dealer and clearing organization receivables ​ 1,731,979 ​ — ​ 1,731,979 ​ — ​ 1,731,979 ​ Other assets ​ 70,975 ​ — ​ 69,889 ​ 1,086 ​ 70,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,730,872 ​ — ​ 8,732,668 ​ — ​ 8,732,668 ​ Broker-dealer and clearing organization payables ​ 1,546,163 ​ — ​ 1,546,163 ​ — ​ 1,546,163 ​ Short-term borrowings ​ 1,502,755 ​ — ​ 1,502,755 ​ — ​ 1,502,755 ​ Debt ​ 312,353 ​ — ​ 310,129 ​ — ​ 310,129 ​ Other liabilities ​ 9,084 ​ — ​ 9,084 ​ — ​ 9,084 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2018 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 644,473 ​ $ 644,473 ​ $ — ​ $ — ​ $ 644,473 ​ Assets segregated for regulatory purposes ​ ​ 133,993 ​ ​ 133,993 ​ ​ — ​ ​ — ​ ​ 133,993 ​ Securities purchased under agreements to resell ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ Held to maturity securities ​ ​ 351,012 ​ ​ — ​ ​ 341,124 ​ ​ — ​ ​ 341,124 ​ Loans held for sale ​ ​ 135,471 ​ ​ — ​ ​ 135,471 ​ ​ — ​ ​ 135,471 ​ Loans held for investment, net ​ ​ 6,870,972 ​ ​ — ​ ​ 578,363 ​ ​ 6,445,810 ​ ​ 7,024,173 ​ Broker-dealer and clearing organization receivables ​ 1,440,287 ​ — ​ 1,440,287 ​ — ​ 1,440,287 ​ Other assets ​ 69,720 ​ — ​ 68,573 ​ 1,147 ​ 69,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,536,156 ​ — ​ 8,528,947 ​ — ​ 8,528,947 ​ Broker-dealer and clearing organization payables ​ 1,294,925 ​ — ​ 1,294,925 ​ — ​ 1,294,925 ​ Short-term borrowings ​ 1,065,807 ​ — ​ 1,065,807 ​ — ​ 1,065,807 ​ Debt ​ 295,884 ​ — ​ 293,685 ​ — ​ 293,685 ​ Other liabilities ​ 3,482 ​ — ​ 3,482 ​ — ​ 3,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company held equity investments other than securities of $36.1 million and $35.8 million at September 30, 2019 and December 31, 2018, respectively, which are included within other assets in the consolidated balance sheets. Of the $36.1 million of such equity investments held at September 30, 2019, $19.7 million do not have readily determinable fair values and each is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period $ 19,906 $ 26,151 ​ $ 20,376 $ 22,946 Additional investments ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,411 Upward adjustments ​ ​ 101 ​ ​ 265 ​ ​ 303 ​ ​ 3,642 Impairments and downward adjustments ​ ​ (346) ​ ​ (1) ​ ​ (1,018) ​ ​ (1,584) Dispositions ​ — ​ — ​ — ​ — Balance, end of period ​ $ 19,661 ​ $ 26,415 ​ $ 19,661 ​ $ 26,415 ​

Securities

Securities	9 Months Ended
	Sep. 30, 2019
Securities
Securities	5. Securities ​ The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2019 2018 U.S. Treasury securities $ 6,561 $ 7,945 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 8,316 ​ ​ 1,494 ​ ​ Residential mortgage-backed securities ​ 152,582 ​ 309,455 ​ ​ Commercial mortgage-backed securities ​ 2,177 ​ 4,239 ​ ​ Collateralized mortgage obligations ​ ​ 281,561 ​ ​ 206,813 ​ ​ Corporate debt securities ​ ​ 52,257 ​ ​ 59,293 ​ ​ States and political subdivisions ​ ​ 160,244 ​ ​ 126,748 ​ ​ Unit investment trusts ​ ​ 31,567 ​ ​ 19,913 ​ ​ Private-label securitized product ​ ​ 7,830 ​ ​ 5,680 ​ ​ Other ​ ​ 4,173 ​ ​ 3,886 ​ ​ Totals ​ $ 707,268 ​ $ 745,466 ​ ​ ​ 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 obligations 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 sheets, had a value of $59.2 million and $81.7 million at September 30, 2019 and December 31, 2018, respectively. ​ The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ September 30, 2019 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 9,864 ​ $ 216 ​ $ (5) ​ $ 10,075 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,208 ​ 1,212 ​ (3) ​ 86,417 ​ Residential mortgage-backed securities ​ 487,487 ​ 7,006 ​ (137) ​ 494,356 ​ Commercial mortgage-backed securities ​ ​ 11,541 ​ 678 ​ — ​ 12,219 ​ Collateralized mortgage obligations ​ 308,941 ​ 4,103 ​ (499) ​ 312,545 ​ Corporate debt securities ​ 44,841 ​ 1,973 ​ — ​ 46,814 ​ States and political subdivisions ​ 40,110 ​ 1,316 ​ (2) ​ 41,424 ​ Totals ​ $ 987,992 ​ $ 16,504 ​ $ (646) ​ $ 1,003,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2018 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 11,552 ​ $ 30 ​ $ (44) ​ $ 11,538 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,492 ​ 552 ​ (433) ​ 85,611 ​ Residential mortgage-backed securities ​ 391,428 ​ 608 ​ (6,962) ​ 385,074 ​ Commercial mortgage-backed securities ​ ​ 11,703 ​ 189 ​ (120) ​ 11,772 ​ Collateralized mortgage obligations ​ 281,450 ​ 385 ​ (5,436) ​ 276,399 ​ Corporate debt securities ​ 53,614 ​ 268 ​ (580) ​ 53,302 ​ States and political subdivisions ​ 51,560 ​ 608 ​ (206) ​ 51,962 ​ Totals ​ $ 886,799 ​ $ 2,640 ​ $ (13,781) ​ $ 875,658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ September 30, 2019 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,990 $ 5 $ — $ 9,995 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 24,020 ​ ​ 11 ​ ​ (7) ​ ​ 24,024 ​ Residential mortgage-backed securities ​ 18,914 ​ 259 ​ — ​ 19,173 ​ Commercial mortgage-backed securities ​ ​ 140,875 ​ 4,924 ​ (50) ​ 145,749 ​ Collateralized mortgage obligations ​ 122,061 ​ 431 ​ (583) ​ 121,909 ​ States and political subdivisions ​ 55,501 ​ 1,064 ​ (78) ​ 56,487 ​ Totals ​ $ 371,361 ​ $ 6,694 ​ $ (718) ​ $ 377,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2018 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,903 $ 3 $ — $ 9,906 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 39,018 ​ ​ — ​ ​ (1,479) ​ ​ 37,539 ​ Residential mortgage-backed securities ​ 21,903 ​ — ​ (263) ​ 21,640 ​ Commercial mortgage-backed securities ​ ​ 87,065 ​ ​ 271 ​ ​ (1,462) ​ ​ 85,874 ​ Collateralized mortgage obligations ​ 142,474 ​ — ​ (5,000) ​ 137,474 ​ States and political subdivisions ​ 50,649 ​ 91 ​ (2,049) ​ 48,691 ​ Totals ​ $ 351,012 ​ $ 365 ​ $ (10,253) ​ $ 341,124 ​ ​ Additionally, the Company had unrealized net gains of $0.6 million and unrealized net losses of $0.9 million from equity securities with fair values of $19.5 million and $19.7 million held at September 30, 2019 and December 31, 2018, respectively. The Company recognized net losses of ​ Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ 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 — ​ $ — ​ $ — 1 ​ $ 981 ​ $ 6 ​ Unrealized loss for twelve months or longer 1 ​ 1,893 ​ 5 3 ​ 3,556 ​ 39 ​ ​ 1 ​ 1,893 ​ 5 4 ​ 4,537 ​ 45 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 3 ​ 24,772 ​ 5 ​ Unrealized loss for twelve months or longer 1 ​ 9,997 ​ 3 3 ​ 30,472 ​ 428 ​ ​ 1 ​ ​ 9,997 ​ ​ 3 6 ​ 55,244 ​ 433 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ 26,128 ​ 39 8 ​ 66,791 ​ 432 ​ Unrealized loss for twelve months or longer 3 ​ 14,951 ​ 98 27 ​ 194,228 ​ 6,530 ​ ​ 7 ​ ​ 41,079 ​ ​ 137 35 ​ 261,019 ​ 6,962 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — — ​ — ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — 1 ​ 4,953 ​ 120 ​ ​ — ​ ​ — ​ ​ — 1 ​ 4,953 ​ 120 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 11 ​ 64,055 ​ 191 11 ​ 44,394 ​ 498 ​ Unrealized loss for twelve months or longer 12 ​ 49,027 ​ 308 28 ​ 140,483 ​ 4,938 ​ ​ 23 ​ ​ 113,082 ​ ​ 499 39 ​ 184,877 ​ 5,436 ​ Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 8 ​ 16,256 ​ 282 ​ Unrealized loss for twelve months or longer — ​ — ​ — 8 ​ 15,665 ​ 297 ​ ​ — ​ ​ — ​ ​ — 16 ​ 31,921 ​ 579 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 545 ​ 1 29 ​ 8,590 ​ 27 ​ Unrealized loss for twelve months or longer 1 ​ 484 ​ 1 18 ​ 9,029 ​ 179 ​ ​ 2 ​ ​ 1,029 ​ ​ 2 47 ​ 17,619 ​ 206 ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 16 ​ 90,728 ​ 231 60 ​ 161,784 ​ 1,250 ​ Unrealized loss for twelve months or longer 18 ​ 76,352 ​ 415 88 ​ 398,386 ​ 12,531 ​ ​ 34 ​ $ 167,080 ​ $ 646 148 ​ $ 560,170 ​ $ 13,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 9,693 ​ $ 7 — ​ $ — ​ $ — ​ Unrealized loss for twelve months or longer — ​ — ​ — 4 ​ 37,539 ​ 1,479 ​ ​ 2 ​ 9,693 ​ 7 4 ​ 37,539 ​ 1,479 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ ​ — ​ ​ — 1 ​ ​ 8,411 ​ ​ 89 ​ Unrealized loss for twelve months or longer — ​ — ​ — 3 ​ 13,229 ​ 174 ​ ​ — ​ — ​ — 4 ​ 21,640 ​ 263 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 9,767 ​ 50 1 ​ 4,973 ​ 27 ​ Unrealized loss for twelve months or longer — ​ — ​ — 13 ​ 59,670 ​ 1,435 ​ ​ 2 ​ 9,767 ​ 50 14 ​ 64,643 ​ 1,462 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ 10,093 ​ 43 1 ​ 2,051 ​ 26 ​ Unrealized loss for twelve months or longer 9 ​ 63,128 ​ 540 24 ​ 135,423 ​ 4,974 ​ ​ 13 ​ 73,221 ​ 583 25 ​ 137,474 ​ 5,000 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 16 ​ 7,108 ​ 46 9 ​ 6,431 ​ 56 ​ Unrealized loss for twelve months or longer 4 ​ 1,102 ​ 32 86 ​ 32,909 ​ 1,993 ​ ​ 20 ​ 8,210 ​ 78 95 ​ 39,340 ​ 2,049 ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 24 ​ 36,661 ​ 146 12 ​ 21,866 ​ 198 ​ Unrealized loss for twelve months or longer 13 ​ 64,230 ​ 572 130 ​ 278,770 ​ 10,055 ​ ​ 37 ​ $ 100,891 ​ $ 718 142 ​ $ 300,636 ​ $ 10,253 ​ ​ During the three and nine months ended September 30, 2019 and 2018, the Company did not record any other-than-temporary impairment (“OTTI”). While some of the securities held in the Company’s investment portfolio have decreased in value since the date of acquisition, the severity of loss and the duration of the loss position are not significant enough to warrant OTTI of the securities. 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. The Company does not intend to sell, nor does the Company believe that it is 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 equity securities, at September 30, 2019 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 ​ $ 35,701 ​ $ 35,719 ​ $ 9,990 ​ $ 9,995 ​ Due after one year through five years ​ 88,540 ​ 91,393 ​ 25,969 ​ 25,987 ​ Due after five years through ten years ​ 37,858 ​ 38,873 ​ 5,543 ​ 5,598 ​ Due after ten years ​ 17,924 ​ 18,745 ​ 48,009 ​ 48,926 ​ ​ ​ 180,023 ​ 184,730 ​ 89,511 ​ 90,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 487,487 ​ 494,356 ​ 18,914 ​ 19,173 ​ Collateralized mortgage obligations ​ 308,941 ​ 312,545 ​ 122,061 ​ 121,909 ​ Commercial mortgage-backed securities ​ 11,541 ​ 12,219 ​ 140,875 ​ 145,749 ​ ​ ​ $ 987,992 ​ $ 1,003,850 ​ $ 371,361 ​ $ 377,337 ​ ​ The Company recognized net gains of $4.4 million and $3.2 million from its trading portfolio during the three months ended September 30, 2019 and 2018, respectively, and $15.1 million and $5.1 million during the nine months ended September 30, 2019 and 2018, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $43.3 million and $12.2 million during the three months ended September 30, 2019 and 2018, respectively, and $99.0 million and $29.7 million during the nine months ended September 30, 2019 and 2018, respectively. During both the three and nine months ended September 30, 2019, the Company had other realized losses on securities of $2.6 million. All such realized net gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. ​ Securities with a carrying amount of $573.2 million and $612.3 million (with a fair value of $581.5 million and $600.0 million, respectively) at September 30, 2019 and December 31, 2018, respectively, were pledged by the Bank 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 September 30, 2019 and December 31, 2018. ​ Mortgage-backed securities and collateralized mortgage obligations consist primarily of Government National Mortgage Association (“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 September 30, 2019 and December 31, 2018, NLC had investments on deposit in custody for various state insurance departments with aggregate carrying values of $9.3 million and $9.5 million, respectively.

Loans Held for Investment and A

Loans Held for Investment and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2019
Loans Held for Investment and Allowance for Loan Losses
Loans Held for Investment and Allowance for Loan Losses	6. Loans Held for Investment and Allowance for Loan Losses ​ The loans acquired in the FNB Transaction were subject to loss-share agreements with the FDIC. During the fourth quarter of 2018, the Bank and the FDIC entered into a Termination Agreement pursuant to which all rights and obligations of the Bank and the FDIC under the FDIC loss-share agreements were resolved and terminated. Accordingly, loans which were previously referred to as either “covered loans” if covered by the loss-share agreements or otherwise “non-covered loans” are now collectively referred to as “loans held for investment.” Disclosures associated with loans that were previously covered by the FDIC loss-share agreements during the three and nine months ended September 30, 2018 are included in the “covered” portfolio segment in the applicable tables that follow. The majority of the loans previously covered by the FDIC loss-share agreements are comprised primarily of commercial real estate and 1-4 family residential loans. Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Commercial real estate ​ $ 2,933,424 ​ $ 2,940,120 ​ Commercial and industrial ​ 1,390,531 ​ 1,508,451 ​ Construction and land development ​ 972,226 ​ 932,909 ​ 1-4 family residential ​ ​ 698,251 ​ 679,263 ​ Mortgage warehouse ​ 725,852 ​ 243,806 ​ Consumer ​ ​ 42,780 ​ 47,546 ​ Broker-dealer (1) ​ ​ 558,144 ​ 578,363 ​ ​ ​ 7,321,208 ​ 6,930,458 ​ Allowance for loan losses ​ (55,604) ​ (59,486) ​ Total loans held for investment, net of allowance ​ $ 7,265,604 ​ $ 6,870,972 ​ (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations. ​ In connection with the Bank Transactions, the Company acquired loans both with and without evidence of credit quality deterioration since origination. The following table presents the carrying values and the outstanding balances of PCI loans (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Carrying amount ​ $ 84,205 ​ $ 93,072 ​ Outstanding balance ​ 147,926 ​ 172,808 ​ ​ Changes in the accretable yield for PCI loans were as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 69,305 ​ $ 86,652 ​ $ 80,693 ​ $ 98,846 ​ Additions ​ — ​ 340 ​ — ​ 340 ​ Reclassifications from nonaccretable difference, net (1) ​ 7,183 ​ 6,702 ​ 12,626 ​ 16,967 ​ Disposals of loans ​ (132) ​ — ​ (835) ​ (98) ​ Accretion ​ (8,614) ​ (8,491) ​ (24,742) ​ (30,005) ​ Transfer of loans to OREO (2) ​ ​ — ​ ​ (142) ​ ​ — ​ (989) ​ Balance, end of period ​ $ 67,742 ​ $ 85,061 ​ $ 67,742 ​ $ 85,061 ​ (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 non-accrual and expected cash flows are no longer predictable and the accretable yield is eliminated. (2) Transfer of loans to OREO is the difference between the value removed from the pool and the expected cash flows for the loan. ​ The remaining nonaccretable difference for PCI loans was $53.6 million and $64.2 million at September 30, 2019 and December 31, 2018, respectively. ​ Impaired loans exhibit a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which generally occurs when a loan is 90 days past due unless the asset is both well secured and in the process of collection. Impaired loans include non-accrual loans, troubled debt restructurings (“TDRs”), PCI loans and partially charged-off loans. ​ The amounts shown in the following tables include loans accounted for on an individual basis, as well as acquired Pooled Loans. For Pooled Loans, the recorded investment and the related allowance consider impairment measured at the pool level. Impaired loans, segregated between those considered to be PCI loans and those without credit impairment at acquisition, are summarized by class in the following tables (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Recorded Recorded Total ​ ​ ​ ​ Contractual ​ Investment with ​ Investment with ​ Recorded ​ Related September 30, 2019 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 29,625 ​ $ 5,281 ​ $ 7,436 ​ $ 12,717 ​ $ 1,507 ​ Owner occupied ​ 27,926 ​ 2,292 ​ 10,408 ​ 12,700 ​ 980 ​ Commercial and industrial ​ ​ 24,485 ​ 4,459 ​ 1,137 ​ 5,596 ​ 14 ​ Construction and land development ​ 7,412 ​ 6 ​ 21 ​ 27 ​ 3 ​ 1-4 family residential ​ 92,733 ​ 499 ​ 52,664 ​ 53,163 ​ 2,472 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 1,750 ​ 2 ​ — ​ 2 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 183,931 ​ ​ 12,539 ​ ​ 71,666 ​ ​ 84,205 ​ ​ 4,976 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ 3,904 ​ ​ 199 ​ ​ 3,698 ​ ​ 3,897 ​ ​ 690 ​ Owner occupied ​ ​ 4,910 ​ ​ 3,734 ​ — ​ 3,734 ​ — ​ Commercial and industrial ​ ​ 24,691 ​ ​ 9,200 ​ 2,332 ​ 11,532 ​ 903 ​ Construction and land development ​ ​ 1,504 ​ ​ 1,358 ​ — ​ 1,358 ​ — ​ 1-4 family residential ​ ​ 10,442 ​ ​ 7,514 ​ — ​ 7,514 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 42 ​ ​ 30 ​ — ​ 30 ​ — ​ Broker-dealer ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ ​ 45,493 ​ ​ 22,035 ​ ​ 6,030 ​ ​ 28,065 ​ ​ 1,593 ​ ​ ​ $ 229,424 ​ $ 34,574 ​ $ 77,696 ​ $ 112,270 ​ $ 6,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Recorded Recorded Total ​ ​ ​ ​ Contractual ​ Investment with ​ Investment with ​ Recorded Related December 31, 2018 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 42,668 ​ $ 5,549 ​ $ 7,540 ​ $ 13,089 ​ $ 1,125 ​ Owner occupied ​ 36,246 ​ 11,657 ​ 2,967 ​ 14,624 ​ 304 ​ Commercial and industrial ​ ​ 27,403 ​ 5,491 ​ 1,068 ​ 6,559 ​ 72 ​ Construction and land development ​ 10,992 ​ 74 ​ 390 ​ 464 ​ 92 ​ 1-4 family residential ​ 106,503 ​ 646 ​ 57,681 ​ 58,327 ​ 1,299 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 2,185 ​ 9 ​ — ​ 9 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 225,997 ​ ​ 23,426 ​ ​ 69,646 ​ ​ 93,072 ​ ​ 2,892 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ — ​ — ​ — ​ — ​ Owner occupied ​ ​ 5,231 ​ 4,098 ​ — ​ 4,098 ​ — ​ Commercial and industrial ​ ​ 22,277 ​ 9,891 ​ 1,740 ​ 11,631 ​ 721 ​ Construction and land development ​ ​ 3,430 ​ 2,711 ​ 535 ​ 3,246 ​ 31 ​ 1-4 family residential ​ ​ 8,695 ​ 6,922 ​ — ​ 6,922 ​ — ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 149 ​ 42 ​ — ​ 42 ​ — ​ Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 39,782 ​ ​ 23,664 ​ ​ 2,275 ​ ​ 25,939 ​ ​ 752 ​ ​ ​ $ 265,779 ​ $ 47,090 ​ $ 71,921 ​ $ 119,011 ​ $ 3,644 ​ ​ Average recorded investment in impaired loans is summarized by class in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ ​ ​ ​ Non-owner occupied ​ $ 14,781 ​ $ 41,305 ​ $ 14,852 ​ $ 46,691 ​ Owner occupied ​ 16,489 ​ 67,759 ​ 17,578 ​ 73,531 ​ Commercial and industrial ​ ​ 17,616 ​ ​ 24,705 ​ ​ 17,659 ​ 24,617 ​ Construction and land development ​ 1,432 ​ 2,803 ​ 2,548 ​ 3,090 ​ 1-4 family residential ​ 61,587 ​ — ​ 62,963 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ 35 ​ 52 ​ 42 ​ 119 ​ Broker-dealer ​ — ​ — ​ — ​ — ​ Covered ​ — ​ — ​ — ​ — ​ ​ ​ $ 111,940 ​ $ 136,624 ​ $ 115,642 ​ $ 148,048 ​ ​ Non-accrual loans, excluding those classified as held for sale, are summarized by class in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ Non-owner occupied ​ $ 4,993 ​ $ 1,226 ​ Owner occupied ​ 3,734 ​ 4,098 ​ Commercial and industrial ​ ​ 13,313 ​ 14,870 ​ Construction and land development ​ 1,358 ​ 3,278 ​ 1-4 family residential ​ 7,567 ​ 7,026 ​ Mortgage warehouse ​ ​ — ​ — ​ Consumer ​ 30 ​ 41 ​ Broker-dealer ​ — ​ — ​ ​ ​ $ 30,995 ​ $ 30,539 ​ ​ At September 30, 2019 and December 31, 2018, non-accrual loans included PCI loans of $4.2 million and $4.9 million, respectively, for which discount accretion has been suspended because the extent and timing of cash flows from these PCI loans can no longer be reasonably estimated. In addition to the non-accrual loans in the table above, $4.5 million and $3.4 million of real estate loans secured by residential properties and classified as held for sale were in non-accrual status at September 30, 2019 and December 31, 2018, respectively. ​ Interest income, including recoveries and cash payments, recorded on impaired loans was $0.3 million and $0.5 million during the three months ended September 30, 2019 and 2018, respectively, and $1.1 million and $0.9 million during the nine months ended September 30, 2019 and 2018, respectively. Except as noted above, 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 may also reconfigure 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. ​ Information regarding TDRs granted during the three and nine months ended September 30, 2019, is shown in the following table (dollars in thousands). There were no TDRs granted during the three or nine months ended September 30, 2018. At September 30, 2019 and December 31, 2018, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2019 ​ Number of Balance at Balance at Number of Balance at Balance at ​ ​ ​ Loans ​ Extension ​ End of Period ​ Loans ​ Extension ​ End of Period Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ ​ — ​ — ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ 2 ​ 1,640 ​ 1,587 ​ 5 ​ 9,632 ​ 9,113 Construction and land development ​ ​ — ​ — ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ — ​ — ​ — ​ — ​ — Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ ​ — ​ — ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ — Covered ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ 2 $ 1,640 $ 1,587 5 $ 9,632 $ 9,113 ​ There were no TDRs granted during the twelve months preceding September 30, 2019 for which a payment was at least 30 days past due. The following table presents information regarding TDRs granted during the twelve months preceding September 30, 2018, for which a payment was at least 30 days past due (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Preceding September 30, 2018 ​ ​ ​ Number of Balance at Balance at ​ ​ ​ ​ Loans ​ Extension ​ End of Period ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ ​ Owner occupied ​ 1 ​ ​ 3,294 ​ ​ 3,130 ​ ​ Commercial and industrial ​ — ​ ​ — ​ ​ — ​ ​ Construction and land development ​ — ​ ​ — ​ ​ — ​ ​ 1-4 family residential ​ — ​ ​ — ​ ​ — ​ ​ Mortgage warehouse ​ — ​ ​ — ​ ​ — ​ ​ Consumer ​ — ​ ​ — ​ ​ — ​ ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ Covered ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1 ​ $ 3,294 ​ $ 3,130 ​ ​ ​ An analysis of the aging of the Company’s 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 ​ Past Due September 30, 2019 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 4,565 ​ $ 15 ​ $ 199 ​ $ 4,779 ​ $ 1,657,864 ​ $ 12,717 ​ $ 1,675,360 ​ $ — ​ Owner occupied ​ 2,915 ​ 213 ​ ​ 2,347 ​ 5,475 ​ 1,239,889 ​ 12,700 ​ ​ 1,258,064 ​ ​ — ​ Commercial and industrial ​ ​ 9,353 ​ 2,449 ​ ​ 1,301 ​ 13,103 ​ 1,371,832 ​ 5,596 ​ ​ 1,390,531 ​ ​ 80 ​ Construction and land development ​ 881 ​ — ​ ​ — ​ 881 ​ 971,318 ​ 27 ​ ​ 972,226 ​ ​ — ​ 1-4 family residential ​ 2,297 ​ 1,904 ​ ​ 3,044 ​ 7,245 ​ 637,843 ​ 53,163 ​ ​ 698,251 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ — ​ 725,852 ​ — ​ ​ 725,852 ​ ​ — ​ Consumer ​ 133 ​ 32 ​ ​ — ​ 165 ​ 42,613 ​ 2 ​ ​ 42,780 ​ ​ — ​ Broker-dealer ​ — ​ — ​ ​ — ​ — ​ 558,144 ​ — ​ ​ 558,144 ​ ​ — ​ ​ ​ $ 20,144 ​ $ 4,613 ​ $ 6,891 ​ $ 31,648 ​ $ 7,205,355 ​ $ 84,205 ​ $ 7,321,208 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Loans Past Due ​ Loans Past Due ​ Total ​ Current ​ PCI ​ Total ​ Past Due December 31, 2018 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,174 ​ $ 199 ​ $ — ​ $ 1,373 ​ $ 1,708,160 ​ $ 13,089 ​ $ 1,722,622 ​ $ — ​ Owner occupied ​ 1,364 ​ ​ — ​ ​ 4,173 ​ 5,537 ​ 1,197,337 ​ 14,624 ​ ​ 1,217,498 ​ ​ 75 ​ Commercial and industrial ​ ​ 1,792 ​ ​ 1,049 ​ ​ 11,051 ​ 13,892 ​ 1,488,000 ​ 6,559 ​ ​ 1,508,451 ​ ​ 3 ​ Construction and land development ​ 3,549 ​ ​ — ​ ​ — ​ 3,549 ​ 928,896 ​ 464 ​ ​ 932,909 ​ ​ — ​ 1-4 family residential ​ 5,987 ​ ​ 2,484 ​ ​ 1,950 ​ 10,421 ​ 610,515 ​ 58,327 ​ ​ 679,263 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ 0 ​ 243,806 ​ — ​ ​ 243,806 ​ ​ — ​ Consumer ​ 254 ​ ​ 147 ​ ​ — ​ 401 ​ 47,136 ​ 9 ​ ​ 47,546 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ 578,363 ​ — ​ ​ 578,363 ​ ​ — ​ ​ ​ $ 14,120 ​ $ 3,879 ​ $ 17,174 ​ $ 35,173 ​ $ 6,802,213 ​ $ 93,072 ​ $ 6,930,458 ​ $ 78 ​ ​ In addition to the loans shown in the tables above, PrimeLending had $81.6 million and $83.1 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $82.7 million and $84.0 million, respectively) that were 90 days past due and accruing interest at September 30, 2019 and December 31, 2018, respectively. These 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 state and local markets. ​ The Company utilizes a risk grading matrix to assign a risk grade to each of the loans in its portfolio with the exception of broker-dealer margin loans. 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 ​ Special Mention ​ Substandard ​ PCI ​ The following tables present the internal risk grades of loans, as previously described, in the portfolio by class (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,613,156 ​ $ — ​ $ 49,487 ​ $ 12,717 ​ $ 1,675,360 ​ Owner occupied ​ 1,211,767 ​ ​ 816 ​ ​ 32,781 ​ ​ 12,700 ​ ​ 1,258,064 ​ Commercial and industrial ​ ​ 1,328,903 ​ ​ 881 ​ ​ 55,151 ​ ​ 5,596 ​ ​ 1,390,531 ​ Construction and land development ​ 969,661 ​ ​ — ​ ​ 2,538 ​ ​ 27 ​ ​ 972,226 ​ 1-4 family residential ​ 627,962 ​ ​ — ​ ​ 17,126 ​ ​ 53,163 ​ ​ 698,251 ​ Mortgage warehouse ​ ​ 725,852 ​ ​ — ​ ​ — ​ ​ — ​ ​ 725,852 ​ Consumer ​ 42,736 ​ ​ — ​ ​ 42 ​ ​ 2 ​ ​ 42,780 ​ Broker-dealer ​ 558,144 ​ ​ — ​ ​ — ​ ​ — ​ ​ 558,144 ​ ​ ​ $ 7,078,181 ​ $ 1,697 ​ $ 157,125 ​ $ 84,205 ​ $ 7,321,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,673,424 ​ $ — ​ $ 36,109 ​ $ 13,089 ​ $ 1,722,622 ​ Owner occupied ​ ​ 1,175,225 ​ ​ 2,083 ​ ​ 25,566 ​ ​ 14,624 ​ ​ 1,217,498 ​ Commercial and industrial ​ ​ 1,433,227 ​ ​ 15,320 ​ ​ 53,345 ​ ​ 6,559 ​ ​ 1,508,451 ​ Construction and land development ​ ​ 929,130 ​ ​ — ​ ​ 3,315 ​ ​ 464 ​ ​ 932,909 ​ 1-4 family residential ​ ​ 601,264 ​ ​ 393 ​ ​ 19,279 ​ ​ 58,327 ​ ​ 679,263 ​ Mortgage warehouse ​ ​ 243,806 ​ ​ — ​ ​ — ​ ​ — ​ ​ 243,806 ​ Consumer ​ ​ 47,416 ​ ​ — ​ ​ 121 ​ ​ 9 ​ ​ 47,546 ​ Broker-dealer ​ ​ 578,363 ​ ​ — ​ ​ — ​ ​ — ​ ​ 578,363 ​ ​ ​ $ 6,681,855 ​ $ 17,796 ​ $ 137,735 ​ $ 93,072 ​ $ 6,930,458 ​ ​ Allowance for Loan Losses ​ 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. The Company’s analysis of the level of the allowance for loan losses to ensure that it is appropriate for the estimated credit losses in the portfolio consistent with the Interagency Policy Statement on the Allowance for Loan and Lease Losses and the Receivables and Contingencies Topics of the ASC is described in detail in Note 5 to the consolidated financial statements included in the Company’s 2018 Form 10-K. ​ Changes in the allowance for loan losses, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended September 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 25,114 ​ $ 757 ​ $ (9) ​ $ — ​ $ 25,862 ​ Commercial and industrial ​ 20,414 ​ (1,625) ​ (1,000) ​ 1,393 ​ 19,182 ​ Construction and land development ​ 4,396 ​ 392 ​ — ​ — ​ 4,788 ​ 1-4 family residential ​ 4,924 ​ 485 ​ (12) ​ 14 ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 283 ​ (9) ​ (12) ​ 6 ​ 268 ​ Broker-dealer ​ ​ 46 ​ 47 ​ — ​ — ​ 93 ​ Total ​ $ 55,177 ​ $ 47 ​ $ (1,033) ​ $ 1,413 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Nine Months Ended September 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off loans ​ End of Period ​ Commercial real estate ​ $ 27,100 ​ $ (1,229) ​ $ (9) ​ $ — ​ $ 25,862 ​ Commercial and industrial ​ 21,980 ​ 87 ​ ​ (5,247) ​ ​ 2,362 ​ ​ 19,182 ​ Construction and land development ​ 6,061 ​ (1,273) ​ ​ — ​ ​ — ​ ​ 4,788 ​ 1-4 family residential ​ 3,956 ​ 2,321 ​ ​ (911) ​ ​ 45 ​ ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 267 ​ 449 ​ ​ (476) ​ ​ 28 ​ ​ 268 ​ Broker-dealer ​ ​ 122 ​ (29) ​ ​ — ​ ​ — ​ ​ 93 ​ Total ​ $ 59,486 ​ $ 326 ​ $ (6,643) ​ $ 2,435 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended September 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,032 ​ $ 309 ​ $ — ​ $ — ​ $ 26,341 ​ Commercial and industrial ​ 23,517 ​ ​ (242) ​ ​ (1,820) ​ ​ 366 ​ ​ 21,821 ​ Construction and land development ​ 7,271 ​ ​ 443 ​ ​ — ​ ​ — ​ ​ 7,714 ​ 1-4 family residential ​ 2,552 ​ ​ 141 ​ ​ — ​ ​ 31 ​ ​ 2,724 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 207 ​ ​ 27 ​ ​ (26) ​ ​ 7 ​ ​ 215 ​ Broker-dealer ​ ​ 417 ​ ​ (371) ​ ​ — ​ ​ — ​ ​ 46 ​ Covered ​ ​ 1,974 ​ ​ (678) ​ ​ (6) ​ ​ 1 ​ ​ 1,291 ​ Total ​ $ 61,970 ​ $ (371) ​ $ (1,852) ​ $ 405 ​ $ 60,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Nine Months Ended September 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,413 ​ $ (54) ​ $ (18) ​ $ — ​ $ 26,341 ​ Commercial and industrial ​ 23,674 ​ ​ (123) ​ ​ (5,236) ​ ​ 3,506 ​ ​ 21,821 ​ Construction and land development ​ 7,844 ​ ​ (130) ​ ​ — ​ ​ — ​ ​ 7,714 ​ 1-4 family residential ​ 2,362 ​ ​ 240 ​ ​ (12) ​ ​ 134 ​ ​ 2,724 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 311 ​ ​ (82) ​ ​ (69) ​ ​ 55 ​ ​ 215 ​ Broker-dealer ​ ​ 353 ​ ​ (307) ​ ​ — ​ ​ — ​ ​ 46 ​ Covered ​ ​ 2,729 ​ ​ (1,382) ​ ​ (63) ​ ​ 7 ​ ​ 1,291 ​ Total ​ $ 63,686 ​ $ (1,838) ​ $ (5,398) ​ $ 3,702 ​ $ 60,152 ​ ​ The loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ September 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 7,239 ​ $ 2,900,768 ​ $ 25,417 ​ $ 2,933,424 Commercial and industrial ​ 10,767 ​ 1,374,168 ​ 5,596 ​ 1,390,531 Construction and land development ​ 1,271 ​ 970,928 ​ 27 ​ 972,226 1-4 family residential ​ ​ 608 ​ 644,480 ​ 53,163 ​ 698,251 Mortgage warehouse ​ ​ — ​ 725,852 ​ — ​ 725,852 Consumer ​ ​ — ​ 42,778 ​ 2 ​ 42,780 Broker-dealer ​ ​ — ​ 558,144 ​ — ​ 558,144 Total ​ $ 19,885 ​ $ 7,217,118 ​ $ 84,205 ​ $ 7,321,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ December 31, 2018 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 3,909 ​ $ 2,908,498 ​ $ 27,713 ​ $ 2,940,120 Commercial and industrial ​ 10,741 ​ 1,491,151 ​ 6,559 ​ 1,508,451 Construction and land development ​ 3,241 ​ 929,204 ​ 464 ​ 932,909 1-4 family residential ​ ​ — ​ 620,936 ​ 58,327 ​ 679,263 Mortgage warehouse ​ ​ — ​ 243,806 ​ — ​ 243,806 Consumer ​ ​ — ​ 47,537 ​ 9 ​ 47,546 Broker-dealer ​ ​ — ​ 578,363 ​ — ​ 578,363 Total ​ $ 17,891 ​ $ 6,819,495 ​ $ 93,072 ​ $ 6,930,458 ​ The allowance for loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ ​ September 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ 690 ​ $ 22,685 ​ $ 2,487 ​ $ 25,862 ​ Commercial and industrial ​ 903 ​ 18,265 ​ 14 ​ 19,182 ​ Construction and land development ​ — ​ 4,785 ​ 3 ​ 4,788 ​ 1-4 family residential ​ ​ — ​ 2,939 ​ 2,472 ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 268 ​ — ​ 268 ​ Broker-dealer ​ ​ — ​ 93 ​ — ​ 93 ​ Total ​ $ 1,593 ​ $ 49,035 ​ $ 4,976 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ ​ December 31, 2018 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ — ​ $ 25,671 ​ $ 1,429 ​ $ 27,100 ​ Commercial and industrial ​ 721 ​ 21,187 ​ 72 ​ 21,980 ​ Construction and land development ​ 31 ​ 5,938 ​ 92 ​ 6,061 ​ 1-4 family residential ​ ​ — ​ 2,657 ​ 1,299 ​ 3,956 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 267 ​ — ​ 267 ​ Broker-dealer ​ ​ — ​ 122 ​ — ​ 122 ​ Total ​ $ 752 ​ $ 55,842 ​ $ 2,892 ​ $ 59,486 ​ ​

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2019
Mortgage Servicing Rights
Mortgage Servicing Rights	7. Mortgage Servicing Rights ​ The following tables present the changes in fair value of the Company’s MSR asset, as included in other assets within the consolidated balance sheets, and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ 2019 ​ 2018 2019 ​ 2018 Balance, beginning of period $ 53,695 ​ $ 57,373 ​ $ 66,102 ​ $ 54,714 ​ Additions 4,166 ​ 11,361 ​ 8,574 ​ 21,090 ​ Sales — ​ — ​ — ​ (9,303) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (3,769) ​ 1,311 ​ (17,541) ​ 5,984 ​ Due to customer payoffs (2,795) ​ (1,241) ​ (5,838) ​ (3,681) ​ Balance, end of period $ 51,297 ​ $ 68,804 ​ $ 51,297 ​ $ 68,804 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Mortgage loans serviced for others $ 4,969,855 ​ $ 5,086,461 ​ ​ ​ ​ ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.03 % 1.30 % ​ ​ ​ ​ ​ ​ (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 asset were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Weighted average constant prepayment rate 14.40 % ​ 10.51 % ​ Weighted average discount rate 11.13 % ​ 11.11 % ​ Weighted average life (in years) 5.6 ​ ​ 7.1 ​ ​ ​ A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,099) ​ $ (2,512) ​ Impact of 20% adverse change ​ (5,960) ​ (4,980) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (1,839) ​ (2,677) ​ Impact of 20% adverse change ​ (3,542) ​ (5,139) ​ ​ This sensitivity analysis presents the effect of hypothetical changes in key assumptions on the fair value of the MSR asset. 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 asset 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 earned of $6.3 million and $5.4 million during the three months ended September 30, 2019 and 2018, respectively, and $19.2 million and $17.3 million during the nine months ended September 30, 2019 and 2018, respectively, were included in net gains from sale of loans and other mortgage production income within the consolidated statements of operations.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2019
Deposits
Deposits	8. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 ​ Noninterest-bearing demand ​ $ 2,732,325 ​ $ 2,560,750 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ NOW accounts ​ 1,393,216 ​ 1,358,196 ​ Money market ​ 2,584,244 ​ 2,725,541 ​ Brokered - money market ​ 5,000 ​ 5,000 ​ Demand ​ 318,484 ​ 393,685 ​ Savings ​ 187,433 ​ 184,700 ​ Time ​ 1,510,170 ​ 1,308,284 ​ ​ ​ $ 8,730,872 ​ $ 8,536,156 ​ ​

Short-term Borrowings

Short-term Borrowings	9 Months Ended
	Sep. 30, 2019
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Federal funds purchased ​ $ 72,200 ​ $ 100,100 ​ Securities sold under agreements to repurchase ​ 514,055 ​ 576,707 ​ Federal Home Loan Bank ​ 700,000 ​ 200,000 ​ Short-term bank loans ​ 216,500 ​ 189,000 ​ ​ ​ $ 1,502,755 ​ $ 1,065,807 ​ ​ 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 other 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ Average balance during the period ​ $ 609,162 ​ $ 683,835 ​ ​ ​ ​ Average interest rate during the period ​ 2.57 % ​ 1.76 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ 2019 2018 ​ ​ ​ ​ Average interest rate at end of period ​ 2.52 % ​ 2.43 % ​ ​ ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 519,875 ​ $ 587,609 ​ ​ ​ ​ Estimated fair value ​ $ 554,107 ​ $ 618,231 ​ ​ ​ ​ ​ Federal Home Loan Bank (“FHLB”) short-term borrowings mature over terms not exceeding 365 days and are collateralized by FHLB Dallas stock, nonspecified real estate loans and certain specific commercial real estate loans. Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Average balance during the period ​ $ 280,824 ​ $ 253,022 ​ ​ Average interest rate during the period ​ ​ 2.34 % ​ 2.04 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ ​ ​ 2019 ​ ​ 2018 ​ ​ Average interest rate at end of period ​ ​ 1.91 % ​ 2.65 % ​ ​ 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 September 30, 2019 and December 31, 2018 was 2.76% and 3.35%, respectively.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2019
Notes Payable
Notes Payable	10. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Senior Notes due April 2025, net of discount of $1,273 and $1,393, respectively ​ $ 148,727 ​ $ 148,607 FHLB notes, including premium of $163 and $222, respectively, with maturities ranging from September 2020 to June 2030 ​ 3,943 ​ 4,391 NLIC note payable due May 2033 ​ ​ 10,000 ​ ​ 10,000 NLIC note payable due September 2033 ​ 10,000 ​ 10,000 ASIC note payable due April 2034 ​ 7,500 ​ 7,500 Ventures Management lines of credit due May 2020 ​ ​ 65,171 ​ ​ 48,374 ​ ​ $ 245,341 ​ $ 228,872 ​

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases
Leases	​ 11. Leases ​ Hilltop and its subsidiaries lease space, primarily for corporate offices, branch facilities and automated teller machines, under both operating and finance leases. Certain of the Company’s leases have options to extend, with the longest extension option being ten years, and some of the Company’s leases include options to terminate within one year. The Company’s leases contain customary restrictions and covenants. The Company has certain intercompany leases and subleases between its subsidiaries, and these transactions and balances have been eliminated in consolidation and are not reflected in the tables and information presented below. ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2019 Finance leases: ​ ​ ​ Premises and equipment ​ $ 7,780 Accumulated depreciation ​ ​ (4,031) Premises and equipment, net ​ $ 3,749 ​ Operating lease rental cost and finance lease amortization of ROU assets is included within occupancy and equipment, net in the consolidated statements of operations. Finance lease interest expense is included within other interest expense in the consolidated statements of operations. The Company does not generally enter into leases which contain variable payments, other than due to the passage of time. The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ September 30, 2019 ​ September 30, 2019 ​ Operating lease cost ​ $ 11,123 ​ $ 32,253 ​ Less operating lease and sublease income ​ ​ (846) ​ ​ (1,897) ​ Net operating lease cost ​ $ 10,277 ​ $ 30,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of lease assets ​ $ 147 ​ $ 442 ​ Interest on lease liabilities ​ ​ 148 ​ ​ 450 ​ Total finance lease cost ​ $ 295 ​ $ 892 ​ ​ Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ ​ September 30, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 29,047 ​ Operating cash flows from finance leases ​ ​ 450 ​ Financing cash flows from finance leases ​ ​ 438 ​ Right-of-use assets obtained in exchange for new lease obligations: ​ ​ ​ ​ Operating leases ​ $ 25,951 ​ Finance leases ​ ​ — ​ ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ Weighted Average ​ Weighted Average Lease Classification Remaining Lease Term (Years) ​ Discount Rate Operating 5.8 ​ 5.35 % ​ Finance 6.8 ​ 4.78 % ​ ​ ​ ​ ​ ​ ​ ​ Future minimum lease payments under the Leasing Standard as of September 30, 2019, under lease agreements that had commenced as of or subsequent to January 1, 2019, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2019 $ 9,221 ​ $ 298 2020 ​ 34,509 ​ ​ 1,197 2021 ​ 28,671 ​ ​ 1,212 2022 ​ 22,459 ​ ​ 1,241 2023 ​ 17,757 ​ ​ 1,280 Thereafter ​ 42,761 ​ ​ 3,460 Total minimum lease payments $ 155,378 ​ $ 8,688 Less amount representing interest ​ (24,245) ​ ​ (3,041) Lease liabilities $ 131,133 ​ $ 5,647 ​ As of September 30, 2019, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.2 million. These operating leases are expected to commence in October 2019 with lease terms ranging from two to five years. ​ A related party is the lessor in an operating lease with Hilltop. Hilltop’s minimum payment under the lease is $0.5 million annually through 2028, for an aggregate remaining obligation of $4.6 million at September 30, 2019. ​ The Company adopted the Leasing Standard on January 1, 2019, using the modified retrospective transition under the option to apply the new standard at its effective date without adjusting the prior period comparative financial statements. As such, disclosures for comparative periods under the predecessor standard, ASC 840, Leases ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Capital Leases 2019 ​ $ 36,171 ​ $ 1,186 2020 ​ 29,109 ​ 1,197 2021 ​ 21,058 ​ 1,212 2022 ​ 16,386 ​ 1,241 2023 ​ 12,361 ​ 1,280 Thereafter ​ 18,264 ​ 3,460 Total minimum lease payments ​ $ 133,349 ​ 9,576 Amount representing interest ​ ​ ​ ​ (1,221) Present value of minimum lease payments ​ ​ ​ ​ $ 8,355 ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Taxes
Income Taxes	12. Income Taxes ​ The Company applies an estimated annual effective rate to interim period pre-tax income to calculate the income tax provision for the quarter in accordance with the principal method prescribed by the accounting guidance established for computing income taxes in interim periods. The Company’s effective tax rates were 21.8% and 17.0% for the three months ended September 30, 2019 and 2018, respectively, and 22.4% and 21.4% for the nine months ended September 30, 2019 and 2018, respectively. The 2018 effective tax rates are lower than the applicable statutory rates due to tax planning strategies in conjunction with the Tax Legislation and research and development studies. In addition, a tax benefit was recognized in 2018 from the portion of the indemnification reserve that was a deductible settlement amount from the PrimeLending inquiry from the United States Department of Justice (“DOJ”) as described in detail in Note 18 to the consolidated financial statements included in the Company’s 2018 Form 10-K. The 2019 effective tax rates are lower than the applicable statutory rates as a result of prior period tax adjustments. ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies
Commitments and Contingencies	13. Commitments and Contingencies ​ 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 probable 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 is complete; whether meaningful settlement discussions have 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. ​ While the final outcome of litigation and claims exposures is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation 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 matter could be material to the Company’s business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. ​ Indemnification Liability Reserve ​ The mortgage origination segment may be responsible to agencies, investors, or other parties 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 or indemnifies the claimant against loss. The mortgage origination segment has established an indemnification liability reserve for such probable losses. ​ Generally, the mortgage origination segment first becomes aware that an agency, investor, or other party believes a loss has been incurred on a sold loan when it receives a written request from the claimant to repurchase the loan or reimburse the claimant’s losses. Upon completing its review of the claimant’s request, the mortgage origination segment establishes a specific claims reserve for the loan if it concludes its obligation to the claimant is both probable and reasonably estimable. ​ An additional reserve has been established for probable agency, investor or other party 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 claimant requests, actual 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 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 claims to date, and therefore, are not a primary factor considered in the calculation of this reserve. ​ At September 30, 2019 and December 31, 2018, the mortgage origination segment’s indemnification liability reserve totaled $11.5 million and $10.7 million, respectively. The provision for indemnification losses was $1.0 million and $0.9 million during the three months ended September 30, 2019 and 2018, respectively, and $2.2 million and $2.6 million during the nine months ended September 30, 2019 and 2018, respectively. ​ The following tables provide for a rollforward 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 ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period ​ $ 33,074 ​ $ 30,545 ​ $ 33,784 ​ $ 33,702 ​ Claims made ​ 6,423 ​ 5,477 ​ 16,110 ​ 17,827 ​ Claims resolved with no payment ​ (7,022) ​ (578) ​ (14,289) ​ (12,331) ​ Repurchases ​ (1,506) ​ (3,513) ​ (4,150) ​ (6,847) ​ Indemnification payments ​ (243) ​ — ​ (729) ​ (420) ​ Balance, end of period ​ $ 30,726 ​ $ 31,931 ​ $ 30,726 ​ $ 31,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity (1) ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 10,833 ​ $ 23,910 ​ $ 10,701 ​ $ 23,472 ​ Additions for new sales ​ 954 ​ 857 ​ 2,236 ​ 2,599 ​ Repurchases ​ (117) ​ (228) ​ (325) ​ (474) ​ Early payment defaults ​ (51) ​ (72) ​ (290) ​ (259) ​ Indemnification payments ​ (87) ​ (4) ​ (182) ​ (124) ​ Change in reserves for loans sold in prior years ​ (81) ​ (292) ​ (689) ​ (1,043) ​ Balance, end of period ​ $ 11,451 ​ $ 24,171 ​ $ 11,451 ​ $ 24,171 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 958 ​ $ 676 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 10,493 ​ 10,025 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 11,451 ​ $ 10,701 ​ ​ ​ ​ ​ ​ ​ (1) The Reserve for Indemnification Liability at September 30, 2018 reflected $13.5 million of specific claims related to an inquiry by the U.S. Department of Housing and Urban Development (“HUD”) and the U.S. Department of Justice which was resolved in the fourth quarter of 2018. The resolution of this matter is discussed in detail in Note 18 to the consolidated financial statements included in the Company’s 2018 Form 10-K. ​ 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. ​ Hilltop Plaza Investment ​ On July 31, 2018, Hillcrest Land LLC purchased approximately 1.7 acres of land in the City of University Park, Texas for $38.5 million. Hillcrest Land LLC is owned equally between Hilltop Investments I, LLC, a wholly owned entity of Hilltop, and Diamond Ground, LLC, an affiliate of Mr. Gerald J. Ford, Chairman of the Board of Directors. Each of Hilltop Investments I, LLC and Diamond Ground, LLC contributed $19.3 million to Hillcrest Land LLC to complete the purchase. As the voting rights of Hillcrest Land LLC are shared equally between the Company and Diamond Ground, LLC, there is no primary beneficiary, and Diamond Ground, LLC’s interest in Hillcrest Land LLC has been reflected as a noncontrolling interest in the Company’s consolidated financial statements. Therefore, the Company has consolidated Hillcrest Land LLC under the VIE model according to the “most-closely associated” test. The purchased land is included within premises and equipment, net in the consolidated balance sheets. Any income (loss) associated with Hillcrest Land LLC is included within other noninterest income in the consolidated statements of operations. Trusts for which Jeremy Ford, President and Chief Executive Officer, and the wife of Corey Prestidge, Executive Vice President, General Counsel and Secretary, are a beneficiary own 10.2% and 10.1%, respectively, of Diamond Ground, LLC. ​ In connection with the purchase of the land, Hillcrest Land LLC entered into a 99-year ground lease of the land with three tenants-in-common: SPC Park Plaza Partners LLC (“Park Plaza LLC”), an unaffiliated entity which received an undivided 50% leasehold interest; HTH Project LLC, a wholly owned subsidiary of Hilltop, which received an undivided 25% leasehold interest; and Diamond Hillcrest, LLC (“Diamond Hillcrest”), an entity owned by Mr. Gerald J. Ford, which received an undivided 25% leasehold interest (collectively, the “Co-Owners”). The ground lease is triple net. The base rent from the Co-Owners under the ground lease commences 18 months after the ground lease was signed at $1.8 million per year and increases 1.0 % per year each January 1 thereafter. The ground lease was classified as an operating lease, and the accounting commencement date was determined to be July 31, 2018, the date the land was available to the Co-Owners. ​ Concurrent with the ground lease, the Co-Owners entered into an agreement to purchase the improvements currently being constructed on the land, which is a mixed-use project containing a six-story building (“Hilltop Plaza”). HTH Project LLC and Diamond Hillcrest each own an undivided 25% interest in Hilltop Plaza. Park Plaza LLC owns the remaining undivided 50% interest in Hilltop Plaza. Park Plaza LLC has agreed to serve as the Co-Owner property manager under the Co-Owners Agreement; however, certain actions require unanimous approval of all Co-Owners. Funding for Hilltop Plaza includes a $41.0 million construction loan from an unaffiliated third party bank, as well as cash contributions of $5.3 million from each of HTH Project LLC and Diamond Hillcrest. HTH Project LLC’s undivided interest in Hilltop Plaza is accounted for as an equity method investment as the tenants-in-common have joint control over decisions regarding Hilltop Plaza. The investment is included within other assets in the consolidated balance sheets and any income (loss) is included within other noninterest income in the consolidated statements of operations. ​ Hilltop and the Bank entered into leases for an aggregate of approximately 72,000 of the total 119,000 square feet of rentable space in Hilltop Plaza to serve as the headquarters for both companies. Affiliates of Mr. Gerald J. Ford also entered into leases for approximately 11,000 square feet of office space in the building. The two separate 129-month office and retail leases of Hilltop and the Bank, respectively, have combined total base rent of approximately $35 million with the first nine months of rent abated. The accounting commencement date of both leases was determined to be June 29, 2019, the date the building was delivered in order for tenant improvement work to commence. The combined operating lease liability, net of lease incentives, recognized during the second quarter of 2019 as a result of the commencement of these leases was $18.9 million. The office and retail leases were considered under the build-to-suit provisions of ASC 840, and the Company was determined to be the accounting owner of the project as its affiliate, HTH Project LLC, has an equity investment in the project. As such, the assets of Hilltop Plaza were recognized during the construction period through December 31, 2018, as costs were incurred to construct the asset, with a corresponding liability representing the costs paid for by the lessor (the Co-Owners). At December 31, 2018, the $27.8 million of costs incurred to date were included within premises and equipment and other liabilities, respectively, in the consolidated balance sheets. The Company reassessed its accounting ownership of the Hilltop Plaza assets under construction as of January 1, 2019, under the build-to-suit provisions of the newly adopted Leasing Standard and concluded it is not the accounting owner. As such, the assets and liabilities of the project were derecognized on January 1, 2019, with the $1.4 million offset representing deferred expenses recognized on the project to date through December 31, 2018, recorded as an increase to retained earnings. ​ All intercompany transactions associated with the Hilltop Plaza investment and the related transactions discussed above are eliminated in consolidation.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	9 Months Ended
	Sep. 30, 2019
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	​ 14. 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 aggregate, the Bank had outstanding unused commitments to extend credit of $2.2 billion at September 30, 2019 and outstanding financial and performance standby letters of credit of $91.2 million at September 30, 2019. ​ 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 and to hedge changes in the fair value of certain securities, 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	9 Months Ended
	Sep. 30, 2019
Stock-Based Compensation
Stock-Based Compensation	15. 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, restricted stock units (“RSUs”), performance awards, dividend equivalent rights and other awards to employees of the Company, its subsidiaries and outside directors of the Company. In the aggregate, 4,000,000 shares of common stock may be delivered pursuant to awards granted under the 2012 Plan. At September 30, 2019, 681,484 shares of common stock remained available for issuance pursuant to awards granted under the 2012 Plan, excluding shares that may be delivered pursuant to outstanding awards. Compensation expense related to the 2012 Plan was $3.1 million and $2.4 million during the three months ended September 30, 2019 and 2018, respectively, and $8.1 million and $7.2 million during the nine months ended September 30, 2019 and 2018, respectively. ​ During the nine months ended September 30, 2019 and 2018, Hilltop granted 20,806 and 22,269 shares of common stock, respectively, pursuant to the 2012 Plan to certain non-employee members of the Company’s board of directors for services rendered to the Company. ​ Restricted Stock Units ​ The following table summarizes information about nonvested RSU activity for the nine months ended September 30, 2019 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 592 ​ $ 19.30 ​ Vested/Released ​ (488) ​ $ 18.08 ​ Forfeited ​ (43) ​ $ 24.79 Balance, September 30, 2019 ​ 1,331 ​ $ 22.57 ​ Vested/Released RSUs include an aggregate of 99,709 shares withheld to satisfy employee statutory tax obligations during the nine months ended September 30, 2019. Pursuant to certain RSU award agreements, an aggregate of 17,692 vested RSUs at September 30, 2019 require deferral of the settlement in shares and statutory tax obligations to a future date. ​ During the nine months ended September 30, 2019, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 583,961 RSUs pursuant to the 2012 Plan. Of the RSUs granted during the nine months ended September 30, 2019, 485,962 that were outstanding at September 30, 2019, are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date. Of the RSUs granted during the nine months ended September 30, 2019, 91,249 that were outstanding at September 30, 2019, provide for cliff vesting based upon the achievement of certain performance goals over a three-year period. ​ At September 30, 2019, in the aggregate, 1,093,383 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 238,145 outstanding RSUs cliff vest based upon the achievement of certain performance goals over a three-year period. At September 30, 2019, unrecognized compensation expense related to outstanding RSUs of $15.3 million is expected to be recognized over a weighted average period of 1.66 years.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2019
Regulatory Matters
Regulatory Matters	16. Regulatory Matters ​ Banking and Hilltop ​ PlainsCapital, which includes the Bank and PrimeLending, and Hilltop are subject to various regulatory capital requirements administered by 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 PlainsCapital 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 Company performs reviews of the classification and calculation of risk-weighted assets to ensure accuracy and compliance with the Basel III regulatory capital requirements as implemented by the Board of Governors of the Federal Reserve System. The capital classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. 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 order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers, Basel III requires banking organizations to maintain a capital conservation buffer above minimum risk-based capital requirements measured relative to risk-weighted assets. The phase-in of the capital conservation buffer requirements began on January 1, 2016 for PlainsCapital and Hilltop, and the requirements were fully phased in as of January 1, 2019. ​ The following tables show PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer in effect at the end of the period and on a fully phased-in basis as if such requirements were currently in effect at December 31, 2018 (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ Including Conservation Buffer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In Effect at ​ Fully ​ To Be Well ​ ​ Actual ​ End of Period ​ Phased In ​ Capitalized ​ Amount Ratio Ratio Ratio Ratio September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,226,270 11.79 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,775,755 12.67 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,226,270 13.25 % 7.0 % 7.0 % 6.5 % Hilltop ​ ​ 1,729,166 16.15 % 7.0 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,226,270 13.25 % 8.5 % 8.5 % 8.0 % Hilltop ​ 1,775,755 16.58 % 8.5 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,283,967 13.87 % 10.5 % 10.5 % 10.0 % Hilltop ​ 1,815,134 16.95 % 10.5 % 10.5 % N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ Including Conservation Buffer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In Effect at ​ Fully ​ To Be Well ​ ​ Actual ​ End of Period ​ Phased In ​ Capitalized ​ Amount Ratio Ratio Ratio Ratio December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,183,447 12.47 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,680,364 12.53 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,183,447 13.90 % 6.375 % 7.0 % 6.5 % Hilltop ​ ​ 1,634,978 16.58 % 6.375 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,183,447 13.90 % 7.875 % 8.5 % 8.0 % Hilltop ​ 1,680,364 17.04 % 7.875 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,245,177 14.63 % 9.875 % 10.5 % 10.0 % Hilltop ​ 1,722,602 17.47 % 9.875 % 10.5 % N/A ​ ​ Broker-Dealer ​ Pursuant to the net capital requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Hilltop Securities has elected to determine its net capital requirements using the alternative method. Accordingly, Hilltop Securities is 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 September 30, 2019, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HTS ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 265,752 ​ $ 3,076 ​ Less: required net capital ​ ​ 9,152 ​ ​ 250 ​ Excess net capital ​ $ 256,600 ​ $ 2,826 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 58.1 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 242,873 ​ ​ ​ ​ ​ Under certain conditions, Hilltop Securities 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 September 30, 2019 and December 31, 2018, the Hilltop Broker-Dealers held cash of $83.9 million and $134.0 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash and securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at September 30, 2019 or December 31, 2018. ​ Mortgage Origination ​ As a mortgage originator, PrimeLending and its subsidiaries are subject to minimum net worth and liquidity requirements established by HUD and GNMA, as applicable. On an annual basis, PrimeLending and its subsidiaries submit audited financial statements to HUD and GNMA, as applicable, documenting their respective compliance with minimum net worth and liquidity requirements. As of September 30, 2019, PrimeLending and its subsidiaries’ net worth and liquidity exceeded the amounts required by both HUD and GNMA, as applicable. ​ 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 (loss) of each insurance subsidiary is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Statutory capital and surplus: ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 63,586 ​ $ 78,637 ​ American Summit Insurance Company ​ 19,463 ​ 17,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 2018 2019 2018 Statutory net income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 4,797 ​ $ 5,442 ​ $ 4,388 ​ $ 6,576 ​ American Summit Insurance Company ​ 470 ​ (2,765) ​ 1,186 ​ (1,482) ​ ​ 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 September 30, 2019, 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 September 30, 2019, the Company's insurance subsidiaries' RBC ratio exceeded the level at which regulatory action would be required.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity ​ Dividends ​ During the nine months ended September 30, 2019 and 2018, the Company declared and paid cash dividends of $0.24 and $0.21 per common share, or an aggregate of $22.4 million and $20.1 million, respectively. ​ On October 24, 2019, the Company’s board of directors declared a quarterly cash dividend of $0.08 per common share, payable on December 3, 2019, to all common stockholders of record as of the close of business on November 15, 2019. ​ Stock Repurchases ​ In January 2019, the Hilltop board of directors authorized a new stock repurchase program through January 2020, pursuant to which the Company was authorized to repurchase, in the aggregate, up to $50.0 million of its outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. ​ On August 19, 2019, the Company entered into a Securities Purchase Agreement to purchase 2,175,404 shares of its common stock from Oak Hill Capital Partners III, L.P., Oak Hill Capital Management Partners III, L.P. and Oak Hill Capital Management, LLC (collectively, “Oak Hill Capital”). The Hilltop board of directors, other than Messrs. J. Taylor Crandall and Gerald J. Ford, considered and approved the purchase of the shares of Hilltop common stock from Oak Hill Capital. Hilltop director J. Taylor Crandall is a founding Managing Partner of Oak Hill Capital Management, LLC. The purchase was consummated on August 20, 2019 at a purchase price of $48.4 million, or $22.25 per share. The purchase price per share was determined by the weighted average of the closing prices of Hilltop common stock as reported by the New York Stock Exchange for each trading day commencing on August 12, 2019 and ending on August 16, 2019. The repurchase of shares by Hilltop from Oak Hill Capital fully utilized all remaining availability of the stock repurchase program previously authorized in January 2019. ​ ​ During the nine months ended September 30, 2019, the Company paid $73.4 million to repurchase an aggregate of 3,390,247 shares of common stock at an average price of $21.64 per share. These amounts are inclusive of the repurchase of shares by Hilltop from Oak Hill Capital discussed above. These shares were returned to the Company’s pool of authorized but unissued shares of common stock. The purchases were funded from available cash balances. The Company’s stock repurchase program, prior year repurchases and related accounting policy are discussed in detail in Note 1 and Note 22 to the consolidated financial statements included in the Company’s 2018 Form 10-K. ​

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Financial Instruments
Derivative Financial Instruments	18. 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 Bank’s net interest margin. PrimeLending has interest rate risk relative to interest rate lock commitments (“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”) and Eurodollar futures. Additionally, PrimeLending has interest rate risk relative to its MSR asset and uses derivative instruments, including interest rate swaps and U.S. Treasury bond futures and options 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. Additionally, Hilltop Securities uses U.S. Treasury bond, Eurodollar futures and municipal market data, or MMD, rate locks to hedge changes in the fair value of its securities. ​ Non-Hedging Derivative Instruments and the Fair Value Option ​ As discussed in Note 4 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 hedge accounting provisions. The fair values of PrimeLending’s IRLCs and forward commitments 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. These 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 4 to the consolidated financial statements. The fair values of the Hilltop Broker-Dealers’ and the Bank’s derivative instruments are recorded in other assets or other liabilities, as appropriate. ​ Changes in the fair value of derivatives are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 2018 2019 2018 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 5,881 ​ $ 2,171 ​ $ 23,285 ​ $ 9,036 ​ Hilltop Broker-Dealers ​ ​ (5,984) ​ ​ 3,648 ​ ​ 4,790 ​ ​ 1,411 ​ Bank ​ ​ (25) ​ ​ (16) ​ ​ (171) ​ ​ 143 ​ ​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,695,917 ​ $ 31,392 ​ $ 677,267 ​ $ 17,421 Customer-based written options ​ 31,200 ​ — ​ 31,200 ​ (49) Customer-based purchased options ​ 31,200 ​ — ​ 31,200 ​ 49 Commitments to purchase MBSs ​ 3,847,878 ​ 9,175 ​ 2,359,630 ​ 10,467 Commitments to sell MBSs ​ ​ 7,056,929 ​ (5,994) ​ 3,711,477 ​ (19,315) Interest rate swaps ​ ​ 37,067 ​ 135 ​ 15,104 ​ 82 U.S. Treasury bond futures and options (1) ​ ​ 268,700 ​ — ​ 367,200 ​ — Eurodollar futures (1) ​ ​ 48,000 ​ — ​ 104,000 ​ — (1) Changes in the fair value of these contracts are settled daily with the respective counterparties of PrimeLending and the Hilltop Broker-Dealers. ​ PrimeLending had cash collateral advances totaling $0.1 million and $11.9 million to offset net liability derivative positions on its commitments to sell MBSs at September 30, 2019 and December 31, 2018, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers advanced cash collateral totaling $2.7 million and $3.4 million on U.S. Treasury bond futures and options and Eurodollar futures at September 30, 2019 and December 31, 2018, respectively. These amounts are included in other assets within the consolidated balance sheets.

Balance Sheet Offsetting

Balance Sheet Offsetting	9 Months Ended
	Sep. 30, 2019
Balance Sheet Offsetting
Balance Sheet Offsetting	19. 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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,636,796 ​ $ — ​ $ 1,636,796 ​ $ (1,583,664) ​ $ — ​ $ 53,132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 392 ​ ​ (168) ​ ​ 224 ​ ​ (224) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ ​ (49,840) ​ ​ — ​ ​ 158 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 9,175 ​ — ​ 9,175 ​ (9,175) ​ — ​ — ​ ​ $ 1,696,361 ​ $ (168) ​ $ 1,696,193 ​ $ (1,642,903) ​ $ — ​ $ 53,290 December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,365,547 ​ $ — ​ $ 1,365,547 ​ $ (1,307,121) ​ $ — ​ $ 58,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ 49 ​ ​ — ​ ​ 49 ​ ​ — ​ ​ — ​ ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 88 ​ ​ — ​ ​ 88 ​ ​ — ​ ​ — ​ ​ 88 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ ​ (61,390) ​ ​ — ​ ​ 221 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 10,469 ​ ​ — ​ ​ 10,469 ​ ​ (10,469) ​ ​ — ​ ​ — ​ ​ $ 1,437,764 ​ $ — ​ $ 1,437,764 ​ $ (1,378,980) ​ $ — ​ $ 58,784 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,505,118 ​ $ — ​ $ 1,505,118 ​ $ (1,454,240) ​ $ — ​ $ 50,878 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 89 ​ — ​ 89 ​ — ​ — ​ 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 495,564 ​ — ​ 495,564 ​ (495,564) ​ — ​ — Customer counterparties ​ 18,491 ​ — ​ 18,491 ​ (18,491) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 8,555 ​ (2,561) ​ 5,994 ​ (3,720) ​ — ​ 2,274 ​ ​ $ 2,027,817 ​ $ (2,561) ​ $ 2,025,256 ​ $ (1,972,015) ​ $ — ​ $ 53,241 December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,186,073 ​ $ — ​ $ 1,186,073 ​ $ (1,136,033) ​ $ — ​ $ 50,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49 ​ ​ — ​ ​ 49 ​ ​ — ​ ​ — ​ ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 6 ​ — ​ 6 ​ — ​ — ​ 6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 533,441 ​ — ​ 533,441 ​ (533,441) ​ — ​ — Customer counterparties ​ ​ 43,266 ​ — ​ 43,266 ​ (43,266) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 19,331 ​ (15) ​ 19,316 ​ (7,728) ​ — ​ 11,588 ​ ​ $ 1,782,166 ​ $ (15) ​ $ 1,782,151 ​ $ (1,720,468) ​ $ — ​ $ 61,683 ​ Secured Borrowing Arrangements ​ Secured Borrowings (Repurchase Agreements) — ​ Securities Lending 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 September 30, 2019 and December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ September 30, 2019 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 35,335 ​ $ — ​ $ — ​ $ — ​ $ 35,335 Asset-backed securities ​ ​ 478,720 ​ ​ — ​ ​ — ​ ​ — ​ ​ 478,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,505,005 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,505,005 Total ​ $ 2,019,173 ​ $ — ​ $ — ​ $ — ​ $ 2,019,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 2,019,173 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2018 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 131,848 ​ $ — ​ $ — ​ $ — ​ $ 131,848 Asset-backed securities ​ ​ 444,859 ​ ​ — ​ ​ — ​ ​ — ​ ​ 444,859 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,185,960 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,185,960 Total ​ $ 1,762,780 ​ $ — ​ $ — ​ $ — ​ $ 1,762,780 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,762,780 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​

Broker-Dealer and Clearing Orga

Broker-Dealer and Clearing Organization Receivables and Payables	9 Months Ended
	Sep. 30, 2019
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	​ 20. Broker-Dealer and Clearing Organization Receivables and Payables ​ Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,636,796 ​ $ 1,365,547 ​ Securities failed to deliver ​ 15,878 ​ 16,300 ​ Trades in process of settlement ​ 55,982 ​ 32,993 ​ Other ​ 23,323 ​ 25,447 ​ ​ ​ $ 1,731,979 ​ $ 1,440,287 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,505,118 ​ $ 1,186,073 ​ Correspondents ​ 24,670 ​ 29,311 ​ Securities failed to receive ​ 10,485 ​ 75,015 ​ Other ​ 5,890 ​ 4,526 ​ ​ ​ $ 1,546,163 ​ $ 1,294,925 ​ ​

Reserve for Losses and Loss Adj

Reserve for Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 30, 2019
Reserve for Losses and Loss Adjustment Expenses
Reserve for Losses and Loss Adjustment Expenses	21. Reserve for Losses and Loss Adjustment Expenses ​ A summary of NLC’s reserve for unpaid losses and LAE, as included in other liabilities within the consolidated balance sheets, is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Reserve for unpaid losses and allocated LAE balance, net ​ $ 18,403 ​ $ 16,498 ​ Reinsurance recoverables on unpaid losses ​ ​ 847 ​ ​ 3,214 ​ Unallocated LAE ​ ​ 788 ​ ​ 840 ​ Reserve for unpaid losses and LAE balance, gross ​ $ 20,038 ​ $ 20,552 ​ ​ A summary of claims loss reserve development activity is presented in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IBNR Reserves ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Plus Expected ​ Cumulative Accident ​ Nine Months Ended September 30, 2019 ​ Development on ​ Number of Year ​ Paid Incurred Reported Claims Reported Claims 2016 ​ $ 83,540 ​ $ 83,978 ​ $ 272 ​ 20,180 2017 ​ ​ 87,039 ​ ​ 87,743 ​ ​ 418 ​ ​ 20,738 2018 ​ ​ 69,823 ​ ​ 73,703 ​ ​ 2,128 ​ ​ 15,290 2019 ​ 38,936 ​ 52,183 ​ 5,656 ​ 11,701 Total ​ $ 279,338 ​ $ 297,607 ​ ​ ​ ​ ​ ​ ​ ​ 134 ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ $ 18,403 ​ Reserve for unpaid losses and allocated LAE, net of reinsurance ​

Reinsurance Activity

Reinsurance Activity	9 Months Ended
	Sep. 30, 2019
Reinsurance Activity
Reinsurance Activity	22. 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 exposure to significant losses from reinsurer insolvencies. At September 30, 2019, total reinsurance recoverables and receivables had a carrying value of $1.1 million, which is included in other assets within the consolidated balance sheets. There was no allowance for uncollectible accounts at September 30, 2019, based on NLC’s quality requirements. ​ The effects of reinsurance on premiums written and earned are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ Written Earned Written Earned Written Earned Written Earned Premiums from direct business ​ $ 31,269 ​ $ 31,698 ​ $ 32,738 ​ $ 33,399 ​ $ 97,621 ​ $ 95,161 ​ $ 101,624 ​ $ 100,139 ​ Reinsurance assumed ​ 3,440 ​ 3,289 ​ 3,414 ​ 3,181 ​ 10,191 ​ 9,736 ​ 10,023 ​ 9,292 ​ Reinsurance ceded ​ (2,333) ​ (2,333) ​ (2,353) ​ (2,395) ​ (5,574) ​ (5,574) ​ (6,698) ​ (6,826) ​ Net premiums ​ $ 32,376 ​ $ 32,654 ​ $ 33,799 ​ $ 34,185 ​ $ 102,238 ​ $ 99,323 ​ $ 104,949 ​ $ 102,605 ​ ​ ​ The effects of reinsurance on incurred losses and LAE are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 Losses and LAE incurred ​ $ 14,508 ​ $ 19,158 ​ $ 53,450 ​ $ 56,479 ​ Reinsurance recoverables ​ 169 ​ (446) ​ 1,134 ​ 2,174 ​ Net loss and LAE incurred ​ $ 14,677 ​ $ 18,712 ​ $ 54,584 ​ $ 58,653 ​ ​ Catastrophic coverage ​ Effective July 1, 2019, NLC renewed its catastrophic excess of loss reinsurance coverage for a one-year period. At September 30, 2019, NLC had catastrophic excess of loss reinsurance coverage of losses per event in excess of $8 million retention by NLIC and $2 million retention by ASIC. ASIC maintained an underlying layer of coverage, providing $6 million of reinsurance coverage in excess of its $2 million retention to bridge to the primary program. The reinsurance for NLIC and ASIC in excess of $8 million is comprised of three layers of protection: $12 million in excess of $8 million retention and/or loss; $25 million in excess of $20 million loss; and $50 million in excess of $45 million loss. NLIC and ASIC retain no participation in any of the layers, beyond the first $8 million and $2 million, respectively. At September 30, 2019, total retention for any one catastrophe that affects both NLIC and ASIC was limited to $8 million in the aggregate. ​ Effective January 1, 2019, NLC renewed its underlying excess of loss contract that provides $10 million aggregate coverage in excess of NLC’s per event retention of $1 million and aggregate retention of $15 million for sub-catastrophic events. As of January 1, 2019, NLC retains 37.5% participation in this coverage, up from 17.5 % participation during 2018.

Segment and Related Information

Segment and Related Information	9 Months Ended
	Sep. 30, 2019
Segment and Related Information
Segment and Related Information	23. 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 chief operating decision maker, the Company’s President and Chief Executive Officer, to evaluate segment performance, develop strategy and allocate resources. ​ The banking segment includes the operations of the Bank, and since August 1, 2018, the operations acquired in the BORO Acquisition. The broker-dealer segment includes the operations of Securities Holdings, the mortgage origination segment is composed of PrimeLending and the insurance segment is composed of NLC. ​ Corporate includes certain activities not allocated to specific business segments. These activities include holding company financing and investing activities, merchant banking investment opportunities and management and administrative services to support the overall operations of the Company. ​ 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 Three Months Ended September 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 97,642 ​ $ 13,724 ​ $ (2,725) ​ $ 566 ​ $ (1,384) ​ $ 5,389 ​ $ 113,212 ​ Provision (recovery) for loan losses ​ — ​ ​ 47 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 47 ​ Noninterest income ​ 8,856 ​ ​ 107,742 ​ ​ 194,857 ​ ​ 34,896 ​ ​ 460 ​ ​ (5,410) ​ 341,401 ​ Noninterest expense ​ 53,767 ​ 94,411 ​ 160,634 ​ ​ 28,923 ​ ​ 12,561 ​ ​ (187) ​ 350,109 ​ Income (loss) before income taxes ​ $ 52,731 ​ $ 27,008 ​ $ 31,498 ​ $ 6,539 ​ $ (13,485) ​ $ 166 ​ $ 104,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ Nine Months Ended September 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated ​ Net interest income (expense) ​ $ 283,755 ​ $ 37,984 ​ $ (4,224) ​ $ 1,802 ​ $ (4,045) ​ $ 14,747 ​ $ 330,019 ​ Provision (recovery) for loan losses ​ 355 ​ (29) ​ — ​ — ​ — ​ — ​ 326 ​ Noninterest income ​ 30,219 ​ 304,607 ​ 477,438 ​ 107,539 ​ 1,850 ​ (14,913) ​ 906,740 ​ Noninterest expense ​ 172,744 ​ 277,088 ​ 417,032 ​ 98,850 ​ 37,397 ​ (240) ​ 1,002,871 ​ Income (loss) before income taxes ​ $ 140,875 ​ $ 65,532 ​ $ 56,182 ​ $ 10,491 ​ $ (39,592) ​ $ 74 ​ $ 233,562 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended September 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 94,921 ​ $ 12,432 ​ $ 363 ​ $ 733 ​ $ (3,275) ​ $ 5,167 ​ $ 110,341 ​ Provision (recovery) for loan losses ​ — ​ ​ (371) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (371) ​ Noninterest income ​ 11,365 ​ ​ 82,834 ​ ​ 144,400 ​ ​ 36,724 ​ ​ 523 ​ ​ (6,149) ​ 269,697 ​ Noninterest expense ​ 67,714 ​ 85,713 ​ 140,006 ​ ​ 33,807 ​ ​ 8,656 ​ ​ (185) ​ 335,711 ​ Income (loss) before income taxes ​ $ 38,572 ​ $ 9,924 ​ $ 4,757 ​ $ 3,650 ​ $ (11,408) ​ $ (797) ​ $ 44,698 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Nine Months Ended September 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 269,517 ​ $ 37,873 ​ $ 2,009 ​ $ 2,313 ​ $ (7,848) ​ $ 14,745 ​ $ 318,609 ​ Provision (recovery) for loan losses ​ (1,531) ​ (307) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (1,838) ​ Noninterest income ​ 32,188 ​ 224,969 ​ ​ 434,262 ​ ​ 108,288 ​ ​ 1,246 ​ ​ (16,679) ​ 784,274 ​ Noninterest expense ​ 192,626 ​ 241,456 ​ ​ 420,736 ​ ​ 104,532 ​ ​ 23,399 ​ ​ (319) ​ 982,430 ​ Income (loss) before income taxes ​ $ 110,610 ​ $ 21,693 ​ $ 15,535 ​ $ 6,069 ​ $ (30,001) ​ $ (1,615) ​ $ 122,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,938,112 ​ $ 3,368,574 ​ $ 2,242,522 ​ $ 254,243 ​ $ 2,365,800 ​ $ (4,332,222) ​ $ 14,837,029 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,004,971 ​ $ 3,213,115 ​ $ 1,627,134 ​ $ 253,513 ​ $ 2,243,182 ​ $ (3,658,343) ​ $ 13,683,572 ​ ​

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings per Common Share
Earnings per Common Share	24. Earnings per Common Share ​ 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, if applicable. 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. The Company calculated basic earnings per common share using the treasury method instead of the two-class method since there were no instruments which qualified as participating securities during the three or nine months ended September 30, 2019 or 2018. ​ 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 the three and nine months ended September 30, 2019 and 2018, RSUs were the only potentially dilutive non-participating instruments issued by Hilltop. 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. ​ The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings available to Hilltop common stockholders ​ $ 79,418 ​ $ 35,805 ​ $ 176,015 ​ $ 93,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 91,745 ​ 94,554 ​ 92,931 ​ 95,264 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.87 ​ $ 0.38 ​ $ 1.89 ​ $ 0.98 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 79,418 ​ $ 35,805 ​ $ 176,015 ​ $ 93,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 91,745 ​ 94,554 ​ 92,931 ​ 95,264 ​ Effect of potentially dilutive securities ​ 79 ​ ​ 56 ​ 28 ​ 91 ​ Weighted average shares outstanding - diluted ​ 91,824 ​ 94,610 ​ 92,959 ​ 95,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.86 ​ $ 0.38 ​ $ 1.89 ​ $ 0.98 ​ ​

Schedule I - Insurance Incurred

Schedule I - Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	9 Months Ended
	Sep. 30, 2019
Schedule Of Insurance Incurred And Cumulative Paid Losses And Allocated Loss Adjustment Expenses, Net Of Reinsurance
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	SCHEDULE I – Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance ​ September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Incurred ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ But Not ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reported ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserves Plus ​ Cumulative ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Development ​ Number of Accident ​ September 30, 2019 ​ On Reported ​ Reported Year ​ 2016 ​ 2017 ​ 2018 ​ 2019 Claims Claims 2016 ​ $ 84,771 ​ $ 85,189 ​ $ 84,076 ​ $ 83,978 ​ $ 272 ​ 20,180 2017 ​ ​ ​ ​ ​ 87,899 ​ ​ 88,025 ​ ​ 87,743 ​ ​ 418 ​ 20,738 2018 ​ ​ ​ ​ ​ ​ ​ ​ 75,217 ​ ​ 73,703 ​ ​ 2,128 ​ 15,290 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 52,183 ​ 5,656 ​ 11,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 297,607 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance ​ ​ ​ ​ ​ Accident ​ September 30, 2019 ​ ​ ​ ​ ​ Year ​ 2016 ​ 2017 ​ 2018 ​ 2019 ​ ​ ​ ​ ​ 2016 ​ $ 71,543 ​ $ 81,682 ​ $ 83,169 ​ $ 83,540 ​ ​ ​ ​ ​ 2017 ​ ​ ​ ​ ​ 77,675 ​ ​ 86,319 ​ ​ 87,039 ​ ​ ​ ​ ​ 2018 ​ ​ ​ ​ ​ ​ ​ ​ 61,922 ​ ​ 69,823 ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 38,936 ​ ​ ​ ​ ​ Total ​ $ 279,338 ​ ​ ​ ​ ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ 134 ​ ​ ​ ​ ​ Reserve for unpaid losses and allocated loss adjustment expenses, net of reinsurance ​ $ 18,403 ​ ​ ​ ​ ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
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, headquartered in Dallas, Texas, provides its products and services through three primary business units, PlainsCapital Corporation (“PCC”), Hilltop Securities Holdings LLC (“Securities Holdings”) and National Lloyds Corporation (“NLC”). PCC is a financial holding company that provides, through its subsidiaries, traditional banking, wealth and investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company 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 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.
Basis of Presentation	Basis of Presentation ​ The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. ​ The preparation of financial statements in conformity with 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, 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 PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). ​ PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds an ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). ​ PCC 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 (“VIE”) 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, Hilltop Securities Inc. (“Hilltop Securities”), Hilltop Securities Independent Network Inc. (“HTS Independent Network”) (collectively, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”), HTS Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA, and Hilltop Securities Asset Management, LLC is a registered investment adviser under the Investment Advisers Act of 1940. ​ Hilltop also owns 100% of NLC, which operates through its wholly owned subsidiaries, National Lloyds Insurance Company (“NLIC”) and American Summit Insurance Company (“ASIC”). ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop Investments I, LLC. Hilltop Investments I, LLC owns 50 % of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 13 to the consolidated financial statements and are collectively referred to as the “Hilltop Plaza Entities.” ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany 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. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation, including reclassifications due to the adoption of new accounting pronouncements. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. ​ Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2018 Form 10-K. As a result of the adoption of ASU 2016-02 and related amendments and technical corrections (collectively, the “Leasing Standard”), the Company has included a new significant accounting policy related to lease accounting as summarized below.
Leases	Leases ​ The Company determines if an arrangement is a lease at inception. Operating leases with a term of greater than one year are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases are included in premises and equipment and other liabilities on the Company’s consolidated balance sheets. The Company has lease agreements with lease and nonlease components, which are generally accounted for as a single lease component. Leases of low-value assets are assessed on a lease-by-lease basis to determine the need for balance sheet capitalization. ​ ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate commensurate with the lease term based on the information available at the lease commencement date in determining the present value of lease payments. No significant judgments or assumptions were involved in developing the estimated operating lease liabilities as the Company’s operating lease liabilities largely represent the future rental expenses associated with operating leases, and the incremental borrowing rates are based on publicly available interest rates. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. These options to extend or terminate are assessed on a lease-by-lease basis, and the ROU assets and lease liabilities are adjusted when it is reasonably certain that an option will be exercised. Rental expense for lease payments is recognized on a straight-line basis over the lease term and is included in occupancy and equipment, net within our consolidated statements of operations.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2019
Acquisition
Summary of fair values of the identifiable assets acquired, and liabilities assumed	The resulting fair values of the identifiable assets acquired and liabilities assumed from BORO at August 1, 2018 are summarized in the following table (in thousands). ​ ​ ​ ​ ​ ​ Cash and due from banks $ 21,756 ​ Securities ​ 60,477 ​ Loans held for investment ​ 326,618 ​ Other assets ​ 25,912 ​ Total identifiable assets acquired ​ 434,763 ​ ​ ​ ​ ​ ​ Deposits ​ 376,393 ​ Short-term borrowings ​ 10,000 ​ Other liabilities ​ 2,996 ​ Total liabilities assumed ​ 389,389 ​ ​ ​ ​ ​ Net identifiable assets acquired ​ ​ 45,374 ​ Goodwill resulting from the acquisition ​ 39,627 ​ Net assets acquired ​ $ 85,001 ​
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 Loans Held ​ ​ PCI Loans ​ Loans ​ for Investment Commercial real estate ​ $ 119,188 ​ $ 5,350 ​ $ 124,538 ​ 1 - 4 family residential ​ ​ 55,487 ​ ​ 39 ​ ​ 55,526 ​ Construction and land development ​ 37,134 ​ — ​ 37,134 ​ Commercial and industrial ​ 98,259 ​ 2,127 ​ 100,386 ​ Consumer ​ 9,021 ​ 13 ​ 9,034 ​ Total ​ $ 319,089 ​ $ 7,529 ​ $ 326,618 ​
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 $ 10,730 Nonaccretable difference ​ 2,859 ​ Cash flows expected to be collected ​ 7,871 ​ Accretable difference ​ 342 ​ Fair value of loans acquired with a deterioration of credit quality ​ $ 7,529 ​
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 $ 381,551 Contractual cash flows not expected to be collected ​ 15,286 ​ Fair value at acquisition ​ 319,089 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 6,562 ​ $ 700,706 ​ $ — ​ $ 707,268 ​ Available for sale securities ​ ​ — ​ ​ 1,003,850 ​ ​ — ​ ​ 1,003,850 ​ Equity securities ​ ​ 19,494 ​ ​ — ​ ​ — ​ ​ 19,494 ​ Loans held for sale ​ ​ — ​ ​ 1,792,321 ​ ​ 60,904 ​ ​ 1,853,225 ​ Derivative assets ​ ​ — ​ ​ 40,791 ​ ​ — ​ ​ 40,791 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 51,297 ​ ​ 51,297 ​ Securities sold, not yet purchased ​ ​ 33,454 ​ ​ 25,795 ​ ​ — ​ ​ 59,249 ​ Derivative liabilities ​ ​ — ​ ​ 6,083 ​ ​ — ​ ​ 6,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2018 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 7,947 ​ $ 737,519 ​ $ — ​ $ 745,466 ​ Available for sale securities ​ ​ — ​ ​ 875,658 ​ ​ — ​ ​ 875,658 ​ Equity securities ​ ​ 19,679 ​ ​ — ​ ​ — ​ ​ 19,679 ​ Loans held for sale ​ ​ — ​ ​ 1,207,311 ​ ​ 50,464 ​ ​ 1,257,775 ​ Derivative assets ​ ​ — ​ ​ 35,010 ​ ​ — ​ ​ 35,010 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 66,102 ​ ​ 66,102 ​ Securities sold, not yet purchased ​ ​ 33,000 ​ ​ 48,667 ​ ​ — ​ ​ 81,667 ​ Derivative liabilities ​ ​ — ​ ​ 26,355 ​ ​ — ​ ​ 26,355 ​ ​
Rollforward for financial instruments measured at fair value using Level 3 inputs	The following tables include 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 to ​ Included in ​ Comprehensive ​ Balance at ​ ​ Period ​ Additions ​ Reductions ​ (from) Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 56,799 ​ $ 15,347 ​ $ (9,364) ​ $ 711 ​ $ (2,589) ​ $ — ​ $ 60,904 ​ MSR asset ​ 53,695 ​ ​ 4,166 ​ ​ — ​ ​ — ​ ​ (6,564) ​ ​ — ​ 51,297 ​ Total ​ $ 110,494 ​ $ 19,513 ​ $ (9,364) ​ $ 711 ​ $ (9,153) ​ $ — ​ $ 112,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 44,827 ​ $ (27,448) ​ $ 1,136 ​ $ (8,075) ​ $ — ​ $ 60,904 ​ MSR asset ​ ​ 66,102 ​ ​ 8,574 ​ ​ — ​ ​ — ​ ​ (23,379) ​ ​ — ​ ​ 51,297 ​ Total ​ $ 116,566 ​ $ 53,401 ​ $ (27,448) ​ $ 1,136 ​ $ (31,454) ​ $ — ​ $ 112,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 40,781 ​ $ 19,156 ​ $ (4,614) ​ ​ — ​ $ (958) ​ $ — ​ $ 54,365 ​ MSR asset ​ ​ 57,373 ​ ​ 11,361 ​ ​ — ​ ​ — ​ ​ 70 ​ ​ — ​ ​ 68,804 ​ Total ​ $ 98,154 ​ $ 30,517 ​ $ (4,614) ​ $ — ​ $ (888) ​ $ — ​ $ 123,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 36,972 ​ $ 39,706 ​ $ (17,127) ​ ​ — ​ $ (5,186) ​ $ — ​ $ 54,365 ​ MSR asset ​ ​ 54,714 ​ ​ 21,090 ​ ​ (9,303) ​ ​ — ​ ​ 2,303 ​ ​ — ​ ​ 68,804 ​ Total ​ $ 91,686 ​ $ 60,796 ​ $ (26,430) ​ $ — ​ $ (2,883) ​ $ — ​ $ 123,169 ​ ​
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Financial instrument Valuation Technique Unobservable Inputs 2019 ​ 2018 Loans ​ Discounted ​ Projected price ​ 92 - 96 % ( 95 %) ​ 95 - 96 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ 14.40 % ​ ​ ​ ​ ​ 10.51 % ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ 11.13 % ​ ​ ​ ​ ​ 11.11 % ​ ​
Schedule of changes in fair value for instruments reported at fair value under the Fair Value Option	The following table presents those changes in fair value of instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Three Months Ended September 30, 2018 ​ ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Loans held for sale ​ $ 4,117 ​ $ — ​ $ 4,117 ​ $ (20,417) ​ $ — ​ $ (20,417) ​ MSR asset ​ (6,564) ​ — ​ (6,564) ​ 70 ​ — ​ 70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2018 ​ ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Loans held for sale ​ $ 7,972 ​ $ — ​ $ 7,972 ​ $ (12,693) ​ $ — ​ $ (12,693) ​ MSR asset ​ (23,379) ​ — ​ (23,379) ​ 2,303 ​ — ​ 2,303 ​ ​
Schedule of significant unobservable inputs weighted average rates on Impaired Loans	Estimates for these significant unobservable inputs and the resulting weighted average expected loss on PCI loans were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PCI Loans ​ ​ ​ PlainsCapital ​ FNB ​ SWS ​ BORO ​ September 30, 2019 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 84 % 30 % 66 % 59 % Weighted average loss severity rate ​ 58 % 12 % 28 % 43 % Weighted average prepayment speed ​ 0 % 5 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 49 % 4 % 18 % 25 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PCI Loans ​ ​ ​ PlainsCapital ​ FNB ​ SWS ​ BORO ​ December 31, 2018 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 81 % 34 % 71 % 63 % Weighted average loss severity rate ​ 59 % 12 % 28 % 42 % Weighted average prepayment speed ​ 0 % 6 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 48 % 4 % 20 % 26 % ​
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 ​ Total Gains (Losses) for the ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total ​ Three Months Ended September 30, ​ Nine Months Ended September 30, September 30, 2019 Inputs Inputs Inputs Fair Value 2019 2018 2019 2018 Impaired loans held for investment ​ $ — ​ $ — ​ $ 67,097 ​ $ 67,097 ​ $ (1,730) ​ $ 668 ​ $ (2,925) ​ $ (57) Other real estate owned ​ — ​ 12,112 ​ — ​ 12,112 ​ (177) ​ (394) ​ (790) ​ (2,194) ​
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 ​ ​ September 30, 2019 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 326,552 ​ $ 326,552 ​ $ — ​ $ — ​ $ 326,552 ​ Assets segregated for regulatory purposes ​ ​ 83,878 ​ ​ 83,878 ​ ​ — ​ ​ — ​ ​ 83,878 ​ Securities purchased under agreements to resell ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ Held to maturity securities ​ ​ 371,361 ​ ​ — ​ ​ 377,337 ​ ​ — ​ ​ 377,337 ​ Loans held for sale ​ ​ 131,006 ​ ​ — ​ ​ 131,006 ​ ​ — ​ ​ 131,006 ​ Loans held for investment, net ​ ​ 7,265,604 ​ ​ — ​ ​ 558,144 ​ ​ 6,930,261 ​ ​ 7,488,405 ​ Broker-dealer and clearing organization receivables ​ 1,731,979 ​ — ​ 1,731,979 ​ — ​ 1,731,979 ​ Other assets ​ 70,975 ​ — ​ 69,889 ​ 1,086 ​ 70,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,730,872 ​ — ​ 8,732,668 ​ — ​ 8,732,668 ​ Broker-dealer and clearing organization payables ​ 1,546,163 ​ — ​ 1,546,163 ​ — ​ 1,546,163 ​ Short-term borrowings ​ 1,502,755 ​ — ​ 1,502,755 ​ — ​ 1,502,755 ​ Debt ​ 312,353 ​ — ​ 310,129 ​ — ​ 310,129 ​ Other liabilities ​ 9,084 ​ — ​ 9,084 ​ — ​ 9,084 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2018 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 644,473 ​ $ 644,473 ​ $ — ​ $ — ​ $ 644,473 ​ Assets segregated for regulatory purposes ​ ​ 133,993 ​ ​ 133,993 ​ ​ — ​ ​ — ​ ​ 133,993 ​ Securities purchased under agreements to resell ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ Held to maturity securities ​ ​ 351,012 ​ ​ — ​ ​ 341,124 ​ ​ — ​ ​ 341,124 ​ Loans held for sale ​ ​ 135,471 ​ ​ — ​ ​ 135,471 ​ ​ — ​ ​ 135,471 ​ Loans held for investment, net ​ ​ 6,870,972 ​ ​ — ​ ​ 578,363 ​ ​ 6,445,810 ​ ​ 7,024,173 ​ Broker-dealer and clearing organization receivables ​ 1,440,287 ​ — ​ 1,440,287 ​ — ​ 1,440,287 ​ Other assets ​ 69,720 ​ — ​ 68,573 ​ 1,147 ​ 69,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,536,156 ​ — ​ 8,528,947 ​ — ​ 8,528,947 ​ Broker-dealer and clearing organization payables ​ 1,294,925 ​ — ​ 1,294,925 ​ — ​ 1,294,925 ​ Short-term borrowings ​ 1,065,807 ​ — ​ 1,065,807 ​ — ​ 1,065,807 ​ Debt ​ 295,884 ​ — ​ 293,685 ​ — ​ 293,685 ​ Other liabilities ​ 3,482 ​ — ​ 3,482 ​ — ​ 3,482 ​
Schedule of adjustments to the carrying value of these investments	The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period $ 19,906 $ 26,151 ​ $ 20,376 $ 22,946 Additional investments ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,411 Upward adjustments ​ ​ 101 ​ ​ 265 ​ ​ 303 ​ ​ 3,642 Impairments and downward adjustments ​ ​ (346) ​ ​ (1) ​ ​ (1,018) ​ ​ (1,584) Dispositions ​ — ​ — ​ — ​ — Balance, end of period ​ $ 19,661 ​ $ 26,415 ​ $ 19,661 ​ $ 26,415

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2019 2018 U.S. Treasury securities $ 6,561 $ 7,945 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 8,316 ​ ​ 1,494 ​ ​ Residential mortgage-backed securities ​ 152,582 ​ 309,455 ​ ​ Commercial mortgage-backed securities ​ 2,177 ​ 4,239 ​ ​ Collateralized mortgage obligations ​ ​ 281,561 ​ ​ 206,813 ​ ​ Corporate debt securities ​ ​ 52,257 ​ ​ 59,293 ​ ​ States and political subdivisions ​ ​ 160,244 ​ ​ 126,748 ​ ​ Unit investment trusts ​ ​ 31,567 ​ ​ 19,913 ​ ​ Private-label securitized product ​ ​ 7,830 ​ ​ 5,680 ​ ​ Other ​ ​ 4,173 ​ ​ 3,886 ​ ​ Totals ​ $ 707,268 ​ $ 745,466 ​ ​
Summary of amortized cost and fair value of available for sale 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 ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ September 30, 2019 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 9,864 ​ $ 216 ​ $ (5) ​ $ 10,075 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,208 ​ 1,212 ​ (3) ​ 86,417 ​ Residential mortgage-backed securities ​ 487,487 ​ 7,006 ​ (137) ​ 494,356 ​ Commercial mortgage-backed securities ​ ​ 11,541 ​ 678 ​ — ​ 12,219 ​ Collateralized mortgage obligations ​ 308,941 ​ 4,103 ​ (499) ​ 312,545 ​ Corporate debt securities ​ 44,841 ​ 1,973 ​ — ​ 46,814 ​ States and political subdivisions ​ 40,110 ​ 1,316 ​ (2) ​ 41,424 ​ Totals ​ $ 987,992 ​ $ 16,504 ​ $ (646) ​ $ 1,003,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2018 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 11,552 ​ $ 30 ​ $ (44) ​ $ 11,538 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,492 ​ 552 ​ (433) ​ 85,611 ​ Residential mortgage-backed securities ​ 391,428 ​ 608 ​ (6,962) ​ 385,074 ​ Commercial mortgage-backed securities ​ ​ 11,703 ​ 189 ​ (120) ​ 11,772 ​ Collateralized mortgage obligations ​ 281,450 ​ 385 ​ (5,436) ​ 276,399 ​ Corporate debt securities ​ 53,614 ​ 268 ​ (580) ​ 53,302 ​ States and political subdivisions ​ 51,560 ​ 608 ​ (206) ​ 51,962 ​ Totals ​ $ 886,799 ​ $ 2,640 ​ $ (13,781) ​ $ 875,658 ​
Summary of amortized cost and fair value of held to maturity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ September 30, 2019 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,990 $ 5 $ — $ 9,995 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 24,020 ​ ​ 11 ​ ​ (7) ​ ​ 24,024 ​ Residential mortgage-backed securities ​ 18,914 ​ 259 ​ — ​ 19,173 ​ Commercial mortgage-backed securities ​ ​ 140,875 ​ 4,924 ​ (50) ​ 145,749 ​ Collateralized mortgage obligations ​ 122,061 ​ 431 ​ (583) ​ 121,909 ​ States and political subdivisions ​ 55,501 ​ 1,064 ​ (78) ​ 56,487 ​ Totals ​ $ 371,361 ​ $ 6,694 ​ $ (718) ​ $ 377,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2018 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,903 $ 3 $ — $ 9,906 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 39,018 ​ ​ — ​ ​ (1,479) ​ ​ 37,539 ​ Residential mortgage-backed securities ​ 21,903 ​ — ​ (263) ​ 21,640 ​ Commercial mortgage-backed securities ​ ​ 87,065 ​ ​ 271 ​ ​ (1,462) ​ ​ 85,874 ​ Collateralized mortgage obligations ​ 142,474 ​ — ​ (5,000) ​ 137,474 ​ States and political subdivisions ​ 50,649 ​ 91 ​ (2,049) ​ 48,691 ​ Totals ​ $ 351,012 ​ $ 365 ​ $ (10,253) ​ $ 341,124 ​
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ 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 — ​ $ — ​ $ — 1 ​ $ 981 ​ $ 6 ​ Unrealized loss for twelve months or longer 1 ​ 1,893 ​ 5 3 ​ 3,556 ​ 39 ​ ​ 1 ​ 1,893 ​ 5 4 ​ 4,537 ​ 45 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 3 ​ 24,772 ​ 5 ​ Unrealized loss for twelve months or longer 1 ​ 9,997 ​ 3 3 ​ 30,472 ​ 428 ​ ​ 1 ​ ​ 9,997 ​ ​ 3 6 ​ 55,244 ​ 433 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ 26,128 ​ 39 8 ​ 66,791 ​ 432 ​ Unrealized loss for twelve months or longer 3 ​ 14,951 ​ 98 27 ​ 194,228 ​ 6,530 ​ ​ 7 ​ ​ 41,079 ​ ​ 137 35 ​ 261,019 ​ 6,962 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — — ​ — ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — 1 ​ 4,953 ​ 120 ​ ​ — ​ ​ — ​ ​ — 1 ​ 4,953 ​ 120 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 11 ​ 64,055 ​ 191 11 ​ 44,394 ​ 498 ​ Unrealized loss for twelve months or longer 12 ​ 49,027 ​ 308 28 ​ 140,483 ​ 4,938 ​ ​ 23 ​ ​ 113,082 ​ ​ 499 39 ​ 184,877 ​ 5,436 ​ Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 8 ​ 16,256 ​ 282 ​ Unrealized loss for twelve months or longer — ​ — ​ — 8 ​ 15,665 ​ 297 ​ ​ — ​ ​ — ​ ​ — 16 ​ 31,921 ​ 579 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 545 ​ 1 29 ​ 8,590 ​ 27 ​ Unrealized loss for twelve months or longer 1 ​ 484 ​ 1 18 ​ 9,029 ​ 179 ​ ​ 2 ​ ​ 1,029 ​ ​ 2 47 ​ 17,619 ​ 206 ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 16 ​ 90,728 ​ 231 60 ​ 161,784 ​ 1,250 ​ Unrealized loss for twelve months or longer 18 ​ 76,352 ​ 415 88 ​ 398,386 ​ 12,531 ​ ​ 34 ​ $ 167,080 ​ $ 646 148 ​ $ 560,170 ​ $ 13,781 ​
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 9,693 ​ $ 7 — ​ $ — ​ $ — ​ Unrealized loss for twelve months or longer — ​ — ​ — 4 ​ 37,539 ​ 1,479 ​ ​ 2 ​ 9,693 ​ 7 4 ​ 37,539 ​ 1,479 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ ​ — ​ ​ — 1 ​ ​ 8,411 ​ ​ 89 ​ Unrealized loss for twelve months or longer — ​ — ​ — 3 ​ 13,229 ​ 174 ​ ​ — ​ — ​ — 4 ​ 21,640 ​ 263 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 9,767 ​ 50 1 ​ 4,973 ​ 27 ​ Unrealized loss for twelve months or longer — ​ — ​ — 13 ​ 59,670 ​ 1,435 ​ ​ 2 ​ 9,767 ​ 50 14 ​ 64,643 ​ 1,462 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ 10,093 ​ 43 1 ​ 2,051 ​ 26 ​ Unrealized loss for twelve months or longer 9 ​ 63,128 ​ 540 24 ​ 135,423 ​ 4,974 ​ ​ 13 ​ 73,221 ​ 583 25 ​ 137,474 ​ 5,000 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 16 ​ 7,108 ​ 46 9 ​ 6,431 ​ 56 ​ Unrealized loss for twelve months or longer 4 ​ 1,102 ​ 32 86 ​ 32,909 ​ 1,993 ​ ​ 20 ​ 8,210 ​ 78 95 ​ 39,340 ​ 2,049 ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 24 ​ 36,661 ​ 146 12 ​ 21,866 ​ 198 ​ Unrealized loss for twelve months or longer 13 ​ 64,230 ​ 572 130 ​ 278,770 ​ 10,055 ​ ​ 37 ​ $ 100,891 ​ $ 718 142 ​ $ 300,636 ​ $ 10,253 ​
Schedule of amortized cost and fair value of securities, excluding trading and equity available for sale securities, by contractual maturity	The amortized cost and fair value of securities, excluding trading and equity securities, at September 30, 2019 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 ​ $ 35,701 ​ $ 35,719 ​ $ 9,990 ​ $ 9,995 ​ Due after one year through five years ​ 88,540 ​ 91,393 ​ 25,969 ​ 25,987 ​ Due after five years through ten years ​ 37,858 ​ 38,873 ​ 5,543 ​ 5,598 ​ Due after ten years ​ 17,924 ​ 18,745 ​ 48,009 ​ 48,926 ​ ​ ​ 180,023 ​ 184,730 ​ 89,511 ​ 90,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 487,487 ​ 494,356 ​ 18,914 ​ 19,173 ​ Collateralized mortgage obligations ​ 308,941 ​ 312,545 ​ 122,061 ​ 121,909 ​ Commercial mortgage-backed securities ​ 11,541 ​ 12,219 ​ 140,875 ​ 145,749 ​ ​ ​ $ 987,992 ​ $ 1,003,850 ​ $ 371,361 ​ $ 377,337 ​

Loans Held for Investment and_2

Loans Held for Investment and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Loans Held for Investment and Allowance for Loan Losses
Summary of non-covered loans by portfolio segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Commercial real estate ​ $ 2,933,424 ​ $ 2,940,120 ​ Commercial and industrial ​ 1,390,531 ​ 1,508,451 ​ Construction and land development ​ 972,226 ​ 932,909 ​ 1-4 family residential ​ ​ 698,251 ​ 679,263 ​ Mortgage warehouse ​ 725,852 ​ 243,806 ​ Consumer ​ ​ 42,780 ​ 47,546 ​ Broker-dealer (1) ​ ​ 558,144 ​ 578,363 ​ ​ ​ 7,321,208 ​ 6,930,458 ​ Allowance for loan losses ​ (55,604) ​ (59,486) ​ Total loans held for investment, net of allowance ​ $ 7,265,604 ​ $ 6,870,972 ​ (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations.
Schedule of carrying values and the outstanding balances of the PCI loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Carrying amount ​ $ 84,205 ​ $ 93,072 ​ Outstanding balance ​ 147,926 ​ 172,808 ​
Schedule of changes in the accretable yield for the PCI loans	Changes in the accretable yield for PCI loans were as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 69,305 ​ $ 86,652 ​ $ 80,693 ​ $ 98,846 ​ Additions ​ — ​ 340 ​ — ​ 340 ​ Reclassifications from nonaccretable difference, net (1) ​ 7,183 ​ 6,702 ​ 12,626 ​ 16,967 ​ Disposals of loans ​ (132) ​ — ​ (835) ​ (98) ​ Accretion ​ (8,614) ​ (8,491) ​ (24,742) ​ (30,005) ​ Transfer of loans to OREO (2) ​ ​ — ​ ​ (142) ​ ​ — ​ (989) ​ Balance, end of period ​ $ 67,742 ​ $ 85,061 ​ $ 67,742 ​ $ 85,061 ​ (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 non-accrual and expected cash flows are no longer predictable and the accretable yield is eliminated. (2) Transfer of loans to 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Recorded Recorded Total ​ ​ ​ ​ Contractual ​ Investment with ​ Investment with ​ Recorded ​ Related September 30, 2019 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 29,625 ​ $ 5,281 ​ $ 7,436 ​ $ 12,717 ​ $ 1,507 ​ Owner occupied ​ 27,926 ​ 2,292 ​ 10,408 ​ 12,700 ​ 980 ​ Commercial and industrial ​ ​ 24,485 ​ 4,459 ​ 1,137 ​ 5,596 ​ 14 ​ Construction and land development ​ 7,412 ​ 6 ​ 21 ​ 27 ​ 3 ​ 1-4 family residential ​ 92,733 ​ 499 ​ 52,664 ​ 53,163 ​ 2,472 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 1,750 ​ 2 ​ — ​ 2 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 183,931 ​ ​ 12,539 ​ ​ 71,666 ​ ​ 84,205 ​ ​ 4,976 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ 3,904 ​ ​ 199 ​ ​ 3,698 ​ ​ 3,897 ​ ​ 690 ​ Owner occupied ​ ​ 4,910 ​ ​ 3,734 ​ — ​ 3,734 ​ — ​ Commercial and industrial ​ ​ 24,691 ​ ​ 9,200 ​ 2,332 ​ 11,532 ​ 903 ​ Construction and land development ​ ​ 1,504 ​ ​ 1,358 ​ — ​ 1,358 ​ — ​ 1-4 family residential ​ ​ 10,442 ​ ​ 7,514 ​ — ​ 7,514 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 42 ​ ​ 30 ​ — ​ 30 ​ — ​ Broker-dealer ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ ​ 45,493 ​ ​ 22,035 ​ ​ 6,030 ​ ​ 28,065 ​ ​ 1,593 ​ ​ ​ $ 229,424 ​ $ 34,574 ​ $ 77,696 ​ $ 112,270 ​ $ 6,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid Recorded Recorded Total ​ ​ ​ ​ Contractual ​ Investment with ​ Investment with ​ Recorded Related December 31, 2018 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 42,668 ​ $ 5,549 ​ $ 7,540 ​ $ 13,089 ​ $ 1,125 ​ Owner occupied ​ 36,246 ​ 11,657 ​ 2,967 ​ 14,624 ​ 304 ​ Commercial and industrial ​ ​ 27,403 ​ 5,491 ​ 1,068 ​ 6,559 ​ 72 ​ Construction and land development ​ 10,992 ​ 74 ​ 390 ​ 464 ​ 92 ​ 1-4 family residential ​ 106,503 ​ 646 ​ 57,681 ​ 58,327 ​ 1,299 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 2,185 ​ 9 ​ — ​ 9 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 225,997 ​ ​ 23,426 ​ ​ 69,646 ​ ​ 93,072 ​ ​ 2,892 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ — ​ — ​ — ​ — ​ Owner occupied ​ ​ 5,231 ​ 4,098 ​ — ​ 4,098 ​ — ​ Commercial and industrial ​ ​ 22,277 ​ 9,891 ​ 1,740 ​ 11,631 ​ 721 ​ Construction and land development ​ ​ 3,430 ​ 2,711 ​ 535 ​ 3,246 ​ 31 ​ 1-4 family residential ​ ​ 8,695 ​ 6,922 ​ — ​ 6,922 ​ — ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 149 ​ 42 ​ — ​ 42 ​ — ​ Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 39,782 ​ ​ 23,664 ​ ​ 2,275 ​ ​ 25,939 ​ ​ 752 ​ ​ ​ $ 265,779 ​ $ 47,090 ​ $ 71,921 ​ $ 119,011 ​ $ 3,644 ​
Summary of average investment in impaired loans by class	Average recorded investment in impaired loans is summarized by class in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ ​ ​ ​ Non-owner occupied ​ $ 14,781 ​ $ 41,305 ​ $ 14,852 ​ $ 46,691 ​ Owner occupied ​ 16,489 ​ 67,759 ​ 17,578 ​ 73,531 ​ Commercial and industrial ​ ​ 17,616 ​ ​ 24,705 ​ ​ 17,659 ​ 24,617 ​ Construction and land development ​ 1,432 ​ 2,803 ​ 2,548 ​ 3,090 ​ 1-4 family residential ​ 61,587 ​ — ​ 62,963 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ 35 ​ 52 ​ 42 ​ 119 ​ Broker-dealer ​ — ​ — ​ — ​ — ​ Covered ​ — ​ — ​ — ​ — ​ ​ ​ $ 111,940 ​ $ 136,624 ​ $ 115,642 ​ $ 148,048 ​
Summary of non-accrual loans by class	Non-accrual loans, excluding those classified as held for sale, are summarized by class in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ Non-owner occupied ​ $ 4,993 ​ $ 1,226 ​ Owner occupied ​ 3,734 ​ 4,098 ​ Commercial and industrial ​ ​ 13,313 ​ 14,870 ​ Construction and land development ​ 1,358 ​ 3,278 ​ 1-4 family residential ​ 7,567 ​ 7,026 ​ Mortgage warehouse ​ ​ — ​ — ​ Consumer ​ 30 ​ 41 ​ Broker-dealer ​ — ​ — ​ ​ ​ $ 30,995 ​ $ 30,539 ​ ​
Schedule of information regarding TDRs granted	Information regarding TDRs granted during the three and nine months ended September 30, 2019, is shown in the following table (dollars in thousands). There were no TDRs granted during the three or nine months ended September 30, 2018. At September 30, 2019 and December 31, 2018, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2019 ​ Number of Balance at Balance at Number of Balance at Balance at ​ ​ ​ Loans ​ Extension ​ End of Period ​ Loans ​ Extension ​ End of Period Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ ​ — ​ — ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ 2 ​ 1,640 ​ 1,587 ​ 5 ​ 9,632 ​ 9,113 Construction and land development ​ ​ — ​ — ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ — ​ — ​ — ​ — ​ — Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ ​ — ​ — ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ — Covered ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ 2 $ 1,640 $ 1,587 5 $ 9,632 $ 9,113 ​ There were no TDRs granted during the twelve months preceding September 30, 2019 for which a payment was at least 30 days past due. The following table presents information regarding TDRs granted during the twelve months preceding September 30, 2018, for which a payment was at least 30 days past due (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Preceding September 30, 2018 ​ ​ ​ Number of Balance at Balance at ​ ​ ​ ​ Loans ​ Extension ​ End of Period ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ ​ Owner occupied ​ 1 ​ ​ 3,294 ​ ​ 3,130 ​ ​ Commercial and industrial ​ — ​ ​ — ​ ​ — ​ ​ Construction and land development ​ — ​ ​ — ​ ​ — ​ ​ 1-4 family residential ​ — ​ ​ — ​ ​ — ​ ​ Mortgage warehouse ​ — ​ ​ — ​ ​ — ​ ​ Consumer ​ — ​ ​ — ​ ​ — ​ ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ Covered ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1 ​ $ 3,294 ​ $ 3,130 ​ ​ ​
Schedule of analysis of the aging of the entity's loan portfolio	An analysis of the aging of the Company’s 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 ​ Past Due September 30, 2019 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 4,565 ​ $ 15 ​ $ 199 ​ $ 4,779 ​ $ 1,657,864 ​ $ 12,717 ​ $ 1,675,360 ​ $ — ​ Owner occupied ​ 2,915 ​ 213 ​ ​ 2,347 ​ 5,475 ​ 1,239,889 ​ 12,700 ​ ​ 1,258,064 ​ ​ — ​ Commercial and industrial ​ ​ 9,353 ​ 2,449 ​ ​ 1,301 ​ 13,103 ​ 1,371,832 ​ 5,596 ​ ​ 1,390,531 ​ ​ 80 ​ Construction and land development ​ 881 ​ — ​ ​ — ​ 881 ​ 971,318 ​ 27 ​ ​ 972,226 ​ ​ — ​ 1-4 family residential ​ 2,297 ​ 1,904 ​ ​ 3,044 ​ 7,245 ​ 637,843 ​ 53,163 ​ ​ 698,251 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ — ​ 725,852 ​ — ​ ​ 725,852 ​ ​ — ​ Consumer ​ 133 ​ 32 ​ ​ — ​ 165 ​ 42,613 ​ 2 ​ ​ 42,780 ​ ​ — ​ Broker-dealer ​ — ​ — ​ ​ — ​ — ​ 558,144 ​ — ​ ​ 558,144 ​ ​ — ​ ​ ​ $ 20,144 ​ $ 4,613 ​ $ 6,891 ​ $ 31,648 ​ $ 7,205,355 ​ $ 84,205 ​ $ 7,321,208 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Loans Past Due ​ Loans Past Due ​ Total ​ Current ​ PCI ​ Total ​ Past Due December 31, 2018 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,174 ​ $ 199 ​ $ — ​ $ 1,373 ​ $ 1,708,160 ​ $ 13,089 ​ $ 1,722,622 ​ $ — ​ Owner occupied ​ 1,364 ​ ​ — ​ ​ 4,173 ​ 5,537 ​ 1,197,337 ​ 14,624 ​ ​ 1,217,498 ​ ​ 75 ​ Commercial and industrial ​ ​ 1,792 ​ ​ 1,049 ​ ​ 11,051 ​ 13,892 ​ 1,488,000 ​ 6,559 ​ ​ 1,508,451 ​ ​ 3 ​ Construction and land development ​ 3,549 ​ ​ — ​ ​ — ​ 3,549 ​ 928,896 ​ 464 ​ ​ 932,909 ​ ​ — ​ 1-4 family residential ​ 5,987 ​ ​ 2,484 ​ ​ 1,950 ​ 10,421 ​ 610,515 ​ 58,327 ​ ​ 679,263 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ 0 ​ 243,806 ​ — ​ ​ 243,806 ​ ​ — ​ Consumer ​ 254 ​ ​ 147 ​ ​ — ​ 401 ​ 47,136 ​ 9 ​ ​ 47,546 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ 578,363 ​ — ​ ​ 578,363 ​ ​ — ​ ​ ​ $ 14,120 ​ $ 3,879 ​ $ 17,174 ​ $ 35,173 ​ $ 6,802,213 ​ $ 93,072 ​ $ 6,930,458 ​ $ 78 ​
Schedule of internal risk grades of loans by class	​ The following tables present the internal risk grades of loans, as previously described, in the portfolio by class (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,613,156 ​ $ — ​ $ 49,487 ​ $ 12,717 ​ $ 1,675,360 ​ Owner occupied ​ 1,211,767 ​ ​ 816 ​ ​ 32,781 ​ ​ 12,700 ​ ​ 1,258,064 ​ Commercial and industrial ​ ​ 1,328,903 ​ ​ 881 ​ ​ 55,151 ​ ​ 5,596 ​ ​ 1,390,531 ​ Construction and land development ​ 969,661 ​ ​ — ​ ​ 2,538 ​ ​ 27 ​ ​ 972,226 ​ 1-4 family residential ​ 627,962 ​ ​ — ​ ​ 17,126 ​ ​ 53,163 ​ ​ 698,251 ​ Mortgage warehouse ​ ​ 725,852 ​ ​ — ​ ​ — ​ ​ — ​ ​ 725,852 ​ Consumer ​ 42,736 ​ ​ — ​ ​ 42 ​ ​ 2 ​ ​ 42,780 ​ Broker-dealer ​ 558,144 ​ ​ — ​ ​ — ​ ​ — ​ ​ 558,144 ​ ​ ​ $ 7,078,181 ​ $ 1,697 ​ $ 157,125 ​ $ 84,205 ​ $ 7,321,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,673,424 ​ $ — ​ $ 36,109 ​ $ 13,089 ​ $ 1,722,622 ​ Owner occupied ​ ​ 1,175,225 ​ ​ 2,083 ​ ​ 25,566 ​ ​ 14,624 ​ ​ 1,217,498 ​ Commercial and industrial ​ ​ 1,433,227 ​ ​ 15,320 ​ ​ 53,345 ​ ​ 6,559 ​ ​ 1,508,451 ​ Construction and land development ​ ​ 929,130 ​ ​ — ​ ​ 3,315 ​ ​ 464 ​ ​ 932,909 ​ 1-4 family residential ​ ​ 601,264 ​ ​ 393 ​ ​ 19,279 ​ ​ 58,327 ​ ​ 679,263 ​ Mortgage warehouse ​ ​ 243,806 ​ ​ — ​ ​ — ​ ​ — ​ ​ 243,806 ​ Consumer ​ ​ 47,416 ​ ​ — ​ ​ 121 ​ ​ 9 ​ ​ 47,546 ​ Broker-dealer ​ ​ 578,363 ​ ​ — ​ ​ — ​ ​ — ​ ​ 578,363 ​ ​ ​ $ 6,681,855 ​ $ 17,796 ​ $ 137,735 ​ $ 93,072 ​ $ 6,930,458 ​ ​
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for loan losses, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended September 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 25,114 ​ $ 757 ​ $ (9) ​ $ — ​ $ 25,862 ​ Commercial and industrial ​ 20,414 ​ (1,625) ​ (1,000) ​ 1,393 ​ 19,182 ​ Construction and land development ​ 4,396 ​ 392 ​ — ​ — ​ 4,788 ​ 1-4 family residential ​ 4,924 ​ 485 ​ (12) ​ 14 ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 283 ​ (9) ​ (12) ​ 6 ​ 268 ​ Broker-dealer ​ ​ 46 ​ 47 ​ — ​ — ​ 93 ​ Total ​ $ 55,177 ​ $ 47 ​ $ (1,033) ​ $ 1,413 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Nine Months Ended September 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off loans ​ End of Period ​ Commercial real estate ​ $ 27,100 ​ $ (1,229) ​ $ (9) ​ $ — ​ $ 25,862 ​ Commercial and industrial ​ 21,980 ​ 87 ​ ​ (5,247) ​ ​ 2,362 ​ ​ 19,182 ​ Construction and land development ​ 6,061 ​ (1,273) ​ ​ — ​ ​ — ​ ​ 4,788 ​ 1-4 family residential ​ 3,956 ​ 2,321 ​ ​ (911) ​ ​ 45 ​ ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 267 ​ 449 ​ ​ (476) ​ ​ 28 ​ ​ 268 ​ Broker-dealer ​ ​ 122 ​ (29) ​ ​ — ​ ​ — ​ ​ 93 ​ Total ​ $ 59,486 ​ $ 326 ​ $ (6,643) ​ $ 2,435 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended September 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,032 ​ $ 309 ​ $ — ​ $ — ​ $ 26,341 ​ Commercial and industrial ​ 23,517 ​ ​ (242) ​ ​ (1,820) ​ ​ 366 ​ ​ 21,821 ​ Construction and land development ​ 7,271 ​ ​ 443 ​ ​ — ​ ​ — ​ ​ 7,714 ​ 1-4 family residential ​ 2,552 ​ ​ 141 ​ ​ — ​ ​ 31 ​ ​ 2,724 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 207 ​ ​ 27 ​ ​ (26) ​ ​ 7 ​ ​ 215 ​ Broker-dealer ​ ​ 417 ​ ​ (371) ​ ​ — ​ ​ — ​ ​ 46 ​ Covered ​ ​ 1,974 ​ ​ (678) ​ ​ (6) ​ ​ 1 ​ ​ 1,291 ​ Total ​ $ 61,970 ​ $ (371) ​ $ (1,852) ​ $ 405 ​ $ 60,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Nine Months Ended September 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,413 ​ $ (54) ​ $ (18) ​ $ — ​ $ 26,341 ​ Commercial and industrial ​ 23,674 ​ ​ (123) ​ ​ (5,236) ​ ​ 3,506 ​ ​ 21,821 ​ Construction and land development ​ 7,844 ​ ​ (130) ​ ​ — ​ ​ — ​ ​ 7,714 ​ 1-4 family residential ​ 2,362 ​ ​ 240 ​ ​ (12) ​ ​ 134 ​ ​ 2,724 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 311 ​ ​ (82) ​ ​ (69) ​ ​ 55 ​ ​ 215 ​ Broker-dealer ​ ​ 353 ​ ​ (307) ​ ​ — ​ ​ — ​ ​ 46 ​ Covered ​ ​ 2,729 ​ ​ (1,382) ​ ​ (63) ​ ​ 7 ​ ​ 1,291 ​ Total ​ $ 63,686 ​ $ (1,838) ​ $ (5,398) ​ $ 3,702 ​ $ 60,152 ​
Schedule of loan portfolio distributed by portfolio segment and impairment methodology	The loan portfolio was distributed by portfolio segment and impairment methodology as shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ September 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 7,239 ​ $ 2,900,768 ​ $ 25,417 ​ $ 2,933,424 Commercial and industrial ​ 10,767 ​ 1,374,168 ​ 5,596 ​ 1,390,531 Construction and land development ​ 1,271 ​ 970,928 ​ 27 ​ 972,226 1-4 family residential ​ ​ 608 ​ 644,480 ​ 53,163 ​ 698,251 Mortgage warehouse ​ ​ — ​ 725,852 ​ — ​ 725,852 Consumer ​ ​ — ​ 42,778 ​ 2 ​ 42,780 Broker-dealer ​ ​ — ​ 558,144 ​ — ​ 558,144 Total ​ $ 19,885 ​ $ 7,217,118 ​ $ 84,205 ​ $ 7,321,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ December 31, 2018 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 3,909 ​ $ 2,908,498 ​ $ 27,713 ​ $ 2,940,120 Commercial and industrial ​ 10,741 ​ 1,491,151 ​ 6,559 ​ 1,508,451 Construction and land development ​ 3,241 ​ 929,204 ​ 464 ​ 932,909 1-4 family residential ​ ​ — ​ 620,936 ​ 58,327 ​ 679,263 Mortgage warehouse ​ ​ — ​ 243,806 ​ — ​ 243,806 Consumer ​ ​ — ​ 47,537 ​ 9 ​ 47,546 Broker-dealer ​ ​ — ​ 578,363 ​ — ​ 578,363 Total ​ $ 17,891 ​ $ 6,819,495 ​ $ 93,072 ​ $ 6,930,458
Schedule of allowance for loan losses distributed by portfolio segment and impairment methodology	The allowance for loan losses was distributed by portfolio segment and impairment methodology as shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ ​ September 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ 690 ​ $ 22,685 ​ $ 2,487 ​ $ 25,862 ​ Commercial and industrial ​ 903 ​ 18,265 ​ 14 ​ 19,182 ​ Construction and land development ​ — ​ 4,785 ​ 3 ​ 4,788 ​ 1-4 family residential ​ ​ — ​ 2,939 ​ 2,472 ​ 5,411 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 268 ​ — ​ 268 ​ Broker-dealer ​ ​ — ​ 93 ​ — ​ 93 ​ Total ​ $ 1,593 ​ $ 49,035 ​ $ 4,976 ​ $ 55,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Individually Loans Collectively ​ ​ ​ ​ ​ ​ Evaluated for ​ Evaluated for ​ PCI ​ ​ ​ ​ December 31, 2018 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ — ​ $ 25,671 ​ $ 1,429 ​ $ 27,100 ​ Commercial and industrial ​ 721 ​ 21,187 ​ 72 ​ 21,980 ​ Construction and land development ​ 31 ​ 5,938 ​ 92 ​ 6,061 ​ 1-4 family residential ​ ​ — ​ 2,657 ​ 1,299 ​ 3,956 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 267 ​ — ​ 267 ​ Broker-dealer ​ ​ — ​ 122 ​ — ​ 122 ​ Total ​ $ 752 ​ $ 55,842 ​ $ 2,892 ​ $ 59,486 ​

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2019
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR, as included in other assets within the consolidated balance sheets	The following tables present the changes in fair value of the Company’s MSR asset, as included in other assets within the consolidated balance sheets, and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ 2019 ​ 2018 2019 ​ 2018 Balance, beginning of period $ 53,695 ​ $ 57,373 ​ $ 66,102 ​ $ 54,714 ​ Additions 4,166 ​ 11,361 ​ 8,574 ​ 21,090 ​ Sales — ​ — ​ — ​ (9,303) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (3,769) ​ 1,311 ​ (17,541) ​ 5,984 ​ Due to customer payoffs (2,795) ​ (1,241) ​ (5,838) ​ (3,681) ​ Balance, end of period $ 51,297 ​ $ 68,804 ​ $ 51,297 ​ $ 68,804 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Mortgage loans serviced for others $ 4,969,855 ​ $ 5,086,461 ​ ​ ​ ​ ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.03 % 1.30 % ​ ​ ​ ​ ​ ​ (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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Weighted average constant prepayment rate 14.40 % ​ 10.51 % ​ Weighted average discount rate 11.13 % ​ 11.11 % ​ Weighted average life (in years) 5.6 ​ ​ 7.1 ​ ​
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 asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,099) ​ $ (2,512) ​ Impact of 20% adverse change ​ (5,960) ​ (4,980) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (1,839) ​ (2,677) ​ Impact of 20% adverse change ​ (3,542) ​ (5,139) ​

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2019
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 ​ Noninterest-bearing demand ​ $ 2,732,325 ​ $ 2,560,750 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ NOW accounts ​ 1,393,216 ​ 1,358,196 ​ Money market ​ 2,584,244 ​ 2,725,541 ​ Brokered - money market ​ 5,000 ​ 5,000 ​ Demand ​ 318,484 ​ 393,685 ​ Savings ​ 187,433 ​ 184,700 ​ Time ​ 1,510,170 ​ 1,308,284 ​ ​ ​ $ 8,730,872 ​ $ 8,536,156 ​

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2019
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Federal funds purchased ​ $ 72,200 ​ $ 100,100 ​ Securities sold under agreements to repurchase ​ 514,055 ​ 576,707 ​ Federal Home Loan Bank ​ 700,000 ​ 200,000 ​ Short-term bank loans ​ 216,500 ​ 189,000 ​ ​ ​ $ 1,502,755 ​ $ 1,065,807 ​
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ Average balance during the period ​ $ 609,162 ​ $ 683,835 ​ ​ ​ ​ Average interest rate during the period ​ 2.57 % ​ 1.76 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ 2019 2018 ​ ​ ​ ​ Average interest rate at end of period ​ 2.52 % ​ 2.43 % ​ ​ ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 519,875 ​ $ 587,609 ​ ​ ​ ​ Estimated fair value ​ $ 554,107 ​ $ 618,231 ​ ​ ​ ​ ​
FHLB notes
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Average balance during the period ​ $ 280,824 ​ $ 253,022 ​ ​ Average interest rate during the period ​ ​ 2.34 % ​ 2.04 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ ​ ​ ​ 2019 ​ ​ 2018 ​ ​ Average interest rate at end of period ​ ​ 1.91 % ​ 2.65 % ​

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Senior Notes due April 2025, net of discount of $1,273 and $1,393, respectively ​ $ 148,727 ​ $ 148,607 FHLB notes, including premium of $163 and $222, respectively, with maturities ranging from September 2020 to June 2030 ​ 3,943 ​ 4,391 NLIC note payable due May 2033 ​ ​ 10,000 ​ ​ 10,000 NLIC note payable due September 2033 ​ 10,000 ​ 10,000 ASIC note payable due April 2034 ​ 7,500 ​ 7,500 Ventures Management lines of credit due May 2020 ​ ​ 65,171 ​ ​ 48,374 ​ ​ $ 245,341 ​ $ 228,872

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2019 Finance leases: ​ ​ ​ Premises and equipment ​ $ 7,780 Accumulated depreciation ​ ​ (4,031) Premises and equipment, net ​ $ 3,749
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ ​ September 30, 2019 ​ September 30, 2019 ​ Operating lease cost ​ $ 11,123 ​ $ 32,253 ​ Less operating lease and sublease income ​ ​ (846) ​ ​ (1,897) ​ Net operating lease cost ​ $ 10,277 ​ $ 30,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of lease assets ​ $ 147 ​ $ 442 ​ Interest on lease liabilities ​ ​ 148 ​ ​ 450 ​ Total finance lease cost ​ $ 295 ​ $ 892 ​
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ ​ September 30, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 29,047 ​ Operating cash flows from finance leases ​ ​ 450 ​ Financing cash flows from finance leases ​ ​ 438 ​ Right-of-use assets obtained in exchange for new lease obligations: ​ ​ ​ ​ Operating leases ​ $ 25,951 ​ Finance leases ​ ​ — ​
Schedule of lease terms and discount rates	Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ Weighted Average ​ Weighted Average Lease Classification Remaining Lease Term (Years) ​ Discount Rate Operating 5.8 ​ 5.35 % ​ Finance 6.8 ​ 4.78 % ​ ​
Future minimum lease payments under the Leasing Standard	Future minimum lease payments under the Leasing Standard as of September 30, 2019, under lease agreements that had commenced as of or subsequent to January 1, 2019, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2019 $ 9,221 ​ $ 298 2020 ​ 34,509 ​ ​ 1,197 2021 ​ 28,671 ​ ​ 1,212 2022 ​ 22,459 ​ ​ 1,241 2023 ​ 17,757 ​ ​ 1,280 Thereafter ​ 42,761 ​ ​ 3,460 Total minimum lease payments $ 155,378 ​ $ 8,688 Less amount representing interest ​ (24,245) ​ ​ (3,041) Lease liabilities $ 131,133 ​ $ 5,647
Future minimum lease payments under ASC 840	​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Capital Leases 2019 ​ $ 36,171 ​ $ 1,186 2020 ​ 29,109 ​ 1,197 2021 ​ 21,058 ​ 1,212 2022 ​ 16,386 ​ 1,241 2023 ​ 12,361 ​ 1,280 Thereafter ​ 18,264 ​ 3,460 Total minimum lease payments ​ $ 133,349 ​ 9,576 Amount representing interest ​ ​ ​ ​ (1,221) Present value of minimum lease payments ​ ​ ​ ​ $ 8,355

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
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 rollforward 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 ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period ​ $ 33,074 ​ $ 30,545 ​ $ 33,784 ​ $ 33,702 ​ Claims made ​ 6,423 ​ 5,477 ​ 16,110 ​ 17,827 ​ Claims resolved with no payment ​ (7,022) ​ (578) ​ (14,289) ​ (12,331) ​ Repurchases ​ (1,506) ​ (3,513) ​ (4,150) ​ (6,847) ​ Indemnification payments ​ (243) ​ — ​ (729) ​ (420) ​ Balance, end of period ​ $ 30,726 ​ $ 31,931 ​ $ 30,726 ​ $ 31,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity (1) ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 10,833 ​ $ 23,910 ​ $ 10,701 ​ $ 23,472 ​ Additions for new sales ​ 954 ​ 857 ​ 2,236 ​ 2,599 ​ Repurchases ​ (117) ​ (228) ​ (325) ​ (474) ​ Early payment defaults ​ (51) ​ (72) ​ (290) ​ (259) ​ Indemnification payments ​ (87) ​ (4) ​ (182) ​ (124) ​ Change in reserves for loans sold in prior years ​ (81) ​ (292) ​ (689) ​ (1,043) ​ Balance, end of period ​ $ 11,451 ​ $ 24,171 ​ $ 11,451 ​ $ 24,171 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 958 ​ $ 676 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 10,493 ​ 10,025 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 11,451 ​ $ 10,701 ​ ​ ​ ​ ​ ​ ​ (1) The Reserve for Indemnification Liability at September 30, 2018 reflected $13.5 million of specific claims related to an inquiry by the U.S. Department of Housing and Urban Development (“HUD”) and the U.S. Department of Justice which was resolved in the fourth quarter of 2018. The resolution of this matter is discussed in detail in Note 18 to the consolidated financial statements included in the Company’s 2018 Form 10-K. ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested RSU activity for the nine months ended September 30, 2019 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 592 ​ $ 19.30 ​ Vested/Released ​ (488) ​ $ 18.08 ​ Forfeited ​ (43) ​ $ 24.79 Balance, September 30, 2019 ​ 1,331 ​ $ 22.57

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2019
Regulatory Matters
Schedule of comparison of the Plain Capital'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	The following tables show PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer in effect at the end of the period and on a fully phased-in basis as if such requirements were currently in effect at December 31, 2018 (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ Including Conservation Buffer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In Effect at ​ Fully ​ To Be Well ​ ​ Actual ​ End of Period ​ Phased In ​ Capitalized ​ Amount Ratio Ratio Ratio Ratio September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,226,270 11.79 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,775,755 12.67 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,226,270 13.25 % 7.0 % 7.0 % 6.5 % Hilltop ​ ​ 1,729,166 16.15 % 7.0 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,226,270 13.25 % 8.5 % 8.5 % 8.0 % Hilltop ​ 1,775,755 16.58 % 8.5 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,283,967 13.87 % 10.5 % 10.5 % 10.0 % Hilltop ​ 1,815,134 16.95 % 10.5 % 10.5 % N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ Including Conservation Buffer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In Effect at ​ Fully ​ To Be Well ​ ​ Actual ​ End of Period ​ Phased In ​ Capitalized ​ Amount Ratio Ratio Ratio Ratio December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,183,447 12.47 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,680,364 12.53 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,183,447 13.90 % 6.375 % 7.0 % 6.5 % Hilltop ​ ​ 1,634,978 16.58 % 6.375 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,183,447 13.90 % 7.875 % 8.5 % 8.0 % Hilltop ​ 1,680,364 17.04 % 7.875 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,245,177 14.63 % 9.875 % 10.5 % 10.0 % Hilltop ​ 1,722,602 17.47 % 9.875 % 10.5 % N/A ​ ​
Schedule of net capital position	At September 30, 2019, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HTS ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 265,752 ​ $ 3,076 ​ Less: required net capital ​ ​ 9,152 ​ ​ 250 ​ Excess net capital ​ $ 256,600 ​ $ 2,826 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 58.1 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 242,873 ​ ​ ​ ​ ​
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 (loss) of each insurance subsidiary is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Statutory capital and surplus: ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 63,586 ​ $ 78,637 ​ American Summit Insurance Company ​ 19,463 ​ 17,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 2018 2019 2018 Statutory net income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 4,797 ​ $ 5,442 ​ $ 4,388 ​ $ 6,576 ​ American Summit Insurance Company ​ 470 ​ (2,765) ​ 1,186 ​ (1,482) ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 2018 2019 2018 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 5,881 ​ $ 2,171 ​ $ 23,285 ​ $ 9,036 ​ Hilltop Broker-Dealers ​ ​ (5,984) ​ ​ 3,648 ​ ​ 4,790 ​ ​ 1,411 ​ Bank ​ ​ (25) ​ ​ (16) ​ ​ (171) ​ ​ 143 ​
Schedule of derivative positions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,695,917 ​ $ 31,392 ​ $ 677,267 ​ $ 17,421 Customer-based written options ​ 31,200 ​ — ​ 31,200 ​ (49) Customer-based purchased options ​ 31,200 ​ — ​ 31,200 ​ 49 Commitments to purchase MBSs ​ 3,847,878 ​ 9,175 ​ 2,359,630 ​ 10,467 Commitments to sell MBSs ​ ​ 7,056,929 ​ (5,994) ​ 3,711,477 ​ (19,315) Interest rate swaps ​ ​ 37,067 ​ 135 ​ 15,104 ​ 82 U.S. Treasury bond futures and options (1) ​ ​ 268,700 ​ — ​ 367,200 ​ — Eurodollar futures (1) ​ ​ 48,000 ​ — ​ 104,000 ​ — (1) Changes in the fair value of these contracts are settled daily with the respective counterparties of PrimeLending and the Hilltop Broker-Dealers.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,636,796 ​ $ — ​ $ 1,636,796 ​ $ (1,583,664) ​ $ — ​ $ 53,132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 392 ​ ​ (168) ​ ​ 224 ​ ​ (224) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49,998 ​ ​ — ​ ​ 49,998 ​ ​ (49,840) ​ ​ — ​ ​ 158 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 9,175 ​ — ​ 9,175 ​ (9,175) ​ — ​ — ​ ​ $ 1,696,361 ​ $ (168) ​ $ 1,696,193 ​ $ (1,642,903) ​ $ — ​ $ 53,290 December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,365,547 ​ $ — ​ $ 1,365,547 ​ $ (1,307,121) ​ $ — ​ $ 58,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ 49 ​ ​ — ​ ​ 49 ​ ​ — ​ ​ — ​ ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 88 ​ ​ — ​ ​ 88 ​ ​ — ​ ​ — ​ ​ 88 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 61,611 ​ ​ — ​ ​ 61,611 ​ ​ (61,390) ​ ​ — ​ ​ 221 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 10,469 ​ ​ — ​ ​ 10,469 ​ ​ (10,469) ​ ​ — ​ ​ — ​ ​ $ 1,437,764 ​ $ — ​ $ 1,437,764 ​ $ (1,378,980) ​ $ — ​ $ 58,784
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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,505,118 ​ $ — ​ $ 1,505,118 ​ $ (1,454,240) ​ $ — ​ $ 50,878 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 89 ​ — ​ 89 ​ — ​ — ​ 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 495,564 ​ — ​ 495,564 ​ (495,564) ​ — ​ — Customer counterparties ​ 18,491 ​ — ​ 18,491 ​ (18,491) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 8,555 ​ (2,561) ​ 5,994 ​ (3,720) ​ — ​ 2,274 ​ ​ $ 2,027,817 ​ $ (2,561) ​ $ 2,025,256 ​ $ (1,972,015) ​ $ — ​ $ 53,241 December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,186,073 ​ $ — ​ $ 1,186,073 ​ $ (1,136,033) ​ $ — ​ $ 50,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49 ​ ​ — ​ ​ 49 ​ ​ — ​ ​ — ​ ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 6 ​ — ​ 6 ​ — ​ — ​ 6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 533,441 ​ — ​ 533,441 ​ (533,441) ​ — ​ — Customer counterparties ​ ​ 43,266 ​ — ​ 43,266 ​ (43,266) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 19,331 ​ (15) ​ 19,316 ​ (7,728) ​ — ​ 11,588 ​ ​ $ 1,782,166 ​ $ (15) ​ $ 1,782,151 ​ $ (1,720,468) ​ $ — ​ $ 61,683
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 September 30, 2019 and December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ September 30, 2019 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 35,335 ​ $ — ​ $ — ​ $ — ​ $ 35,335 Asset-backed securities ​ ​ 478,720 ​ ​ — ​ ​ — ​ ​ — ​ ​ 478,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,505,005 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,505,005 Total ​ $ 2,019,173 ​ $ — ​ $ — ​ $ — ​ $ 2,019,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 2,019,173 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2018 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 131,848 ​ $ — ​ $ — ​ $ — ​ $ 131,848 Asset-backed securities ​ ​ 444,859 ​ ​ — ​ ​ — ​ ​ — ​ ​ 444,859 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,185,960 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,185,960 Total ​ $ 1,762,780 ​ $ — ​ $ — ​ $ — ​ $ 1,762,780 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,762,780 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ —

Broker-Dealer and Clearing Or_2

Broker-Dealer and Clearing Organization Receivables and Payables (Tables)	9 Months Ended
	Sep. 30, 2019
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,636,796 ​ $ 1,365,547 ​ Securities failed to deliver ​ 15,878 ​ 16,300 ​ Trades in process of settlement ​ 55,982 ​ 32,993 ​ Other ​ 23,323 ​ 25,447 ​ ​ ​ $ 1,731,979 ​ $ 1,440,287 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,505,118 ​ $ 1,186,073 ​ Correspondents ​ 24,670 ​ 29,311 ​ Securities failed to receive ​ 10,485 ​ 75,015 ​ Other ​ 5,890 ​ 4,526 ​ ​ ​ $ 1,546,163 ​ $ 1,294,925 ​

Reserve for Losses and Loss A_2

Reserve for Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Reserve 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 summary of NLC’s reserve for unpaid losses and LAE, as included in other liabilities within the consolidated balance sheets, is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Reserve for unpaid losses and allocated LAE balance, net ​ $ 18,403 ​ $ 16,498 ​ Reinsurance recoverables on unpaid losses ​ ​ 847 ​ ​ 3,214 ​ Unallocated LAE ​ ​ 788 ​ ​ 840 ​ Reserve for unpaid losses and LAE balance, gross ​ $ 20,038 ​ $ 20,552 ​
Summary of claims loss reserve development activity	A summary of claims loss reserve development activity is presented in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IBNR Reserves ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Plus Expected ​ Cumulative Accident ​ Nine Months Ended September 30, 2019 ​ Development on ​ Number of Year ​ Paid Incurred Reported Claims Reported Claims 2016 ​ $ 83,540 ​ $ 83,978 ​ $ 272 ​ 20,180 2017 ​ ​ 87,039 ​ ​ 87,743 ​ ​ 418 ​ ​ 20,738 2018 ​ ​ 69,823 ​ ​ 73,703 ​ ​ 2,128 ​ ​ 15,290 2019 ​ 38,936 ​ 52,183 ​ 5,656 ​ 11,701 Total ​ $ 279,338 ​ $ 297,607 ​ ​ ​ ​ ​ ​ ​ ​ 134 ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ $ 18,403 ​ Reserve for unpaid losses and allocated LAE, net of reinsurance

Reinsurance Activity (Tables)

Reinsurance Activity (Tables)	9 Months Ended
	Sep. 30, 2019
Reinsurance Activity
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ Written Earned Written Earned Written Earned Written Earned Premiums from direct business ​ $ 31,269 ​ $ 31,698 ​ $ 32,738 ​ $ 33,399 ​ $ 97,621 ​ $ 95,161 ​ $ 101,624 ​ $ 100,139 ​ Reinsurance assumed ​ 3,440 ​ 3,289 ​ 3,414 ​ 3,181 ​ 10,191 ​ 9,736 ​ 10,023 ​ 9,292 ​ Reinsurance ceded ​ (2,333) ​ (2,333) ​ (2,353) ​ (2,395) ​ (5,574) ​ (5,574) ​ (6,698) ​ (6,826) ​ Net premiums ​ $ 32,376 ​ $ 32,654 ​ $ 33,799 ​ $ 34,185 ​ $ 102,238 ​ $ 99,323 ​ $ 104,949 ​ $ 102,605 ​
Schedule of effects of reinsurance on incurred losses	​ The effects of reinsurance on incurred losses and LAE are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 Losses and LAE incurred ​ $ 14,508 ​ $ 19,158 ​ $ 53,450 ​ $ 56,479 ​ Reinsurance recoverables ​ 169 ​ (446) ​ 1,134 ​ 2,174 ​ Net loss and LAE incurred ​ $ 14,677 ​ $ 18,712 ​ $ 54,584 ​ $ 58,653 ​ ​

Segment and Related Informati_2

Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment and Related Information
Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments	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 Three Months Ended September 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 97,642 ​ $ 13,724 ​ $ (2,725) ​ $ 566 ​ $ (1,384) ​ $ 5,389 ​ $ 113,212 ​ Provision (recovery) for loan losses ​ — ​ ​ 47 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 47 ​ Noninterest income ​ 8,856 ​ ​ 107,742 ​ ​ 194,857 ​ ​ 34,896 ​ ​ 460 ​ ​ (5,410) ​ 341,401 ​ Noninterest expense ​ 53,767 ​ 94,411 ​ 160,634 ​ ​ 28,923 ​ ​ 12,561 ​ ​ (187) ​ 350,109 ​ Income (loss) before income taxes ​ $ 52,731 ​ $ 27,008 ​ $ 31,498 ​ $ 6,539 ​ $ (13,485) ​ $ 166 ​ $ 104,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ Nine Months Ended September 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated ​ Net interest income (expense) ​ $ 283,755 ​ $ 37,984 ​ $ (4,224) ​ $ 1,802 ​ $ (4,045) ​ $ 14,747 ​ $ 330,019 ​ Provision (recovery) for loan losses ​ 355 ​ (29) ​ — ​ — ​ — ​ — ​ 326 ​ Noninterest income ​ 30,219 ​ 304,607 ​ 477,438 ​ 107,539 ​ 1,850 ​ (14,913) ​ 906,740 ​ Noninterest expense ​ 172,744 ​ 277,088 ​ 417,032 ​ 98,850 ​ 37,397 ​ (240) ​ 1,002,871 ​ Income (loss) before income taxes ​ $ 140,875 ​ $ 65,532 ​ $ 56,182 ​ $ 10,491 ​ $ (39,592) ​ $ 74 ​ $ 233,562 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended September 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 94,921 ​ $ 12,432 ​ $ 363 ​ $ 733 ​ $ (3,275) ​ $ 5,167 ​ $ 110,341 ​ Provision (recovery) for loan losses ​ — ​ ​ (371) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (371) ​ Noninterest income ​ 11,365 ​ ​ 82,834 ​ ​ 144,400 ​ ​ 36,724 ​ ​ 523 ​ ​ (6,149) ​ 269,697 ​ Noninterest expense ​ 67,714 ​ 85,713 ​ 140,006 ​ ​ 33,807 ​ ​ 8,656 ​ ​ (185) ​ 335,711 ​ Income (loss) before income taxes ​ $ 38,572 ​ $ 9,924 ​ $ 4,757 ​ $ 3,650 ​ $ (11,408) ​ $ (797) ​ $ 44,698 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Nine Months Ended September 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 269,517 ​ $ 37,873 ​ $ 2,009 ​ $ 2,313 ​ $ (7,848) ​ $ 14,745 ​ $ 318,609 ​ Provision (recovery) for loan losses ​ (1,531) ​ (307) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (1,838) ​ Noninterest income ​ 32,188 ​ 224,969 ​ ​ 434,262 ​ ​ 108,288 ​ ​ 1,246 ​ ​ (16,679) ​ 784,274 ​ Noninterest expense ​ 192,626 ​ 241,456 ​ ​ 420,736 ​ ​ 104,532 ​ ​ 23,399 ​ ​ (319) ​ 982,430 ​ Income (loss) before income taxes ​ $ 110,610 ​ $ 21,693 ​ $ 15,535 ​ $ 6,069 ​ $ (30,001) ​ $ (1,615) ​ $ 122,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,938,112 ​ $ 3,368,574 ​ $ 2,242,522 ​ $ 254,243 ​ $ 2,365,800 ​ $ (4,332,222) ​ $ 14,837,029 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,004,971 ​ $ 3,213,115 ​ $ 1,627,134 ​ $ 253,513 ​ $ 2,243,182 ​ $ (3,658,343) ​ $ 13,683,572 ​

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings available to Hilltop common stockholders ​ $ 79,418 ​ $ 35,805 ​ $ 176,015 ​ $ 93,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 91,745 ​ 94,554 ​ 92,931 ​ 95,264 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.87 ​ $ 0.38 ​ $ 1.89 ​ $ 0.98 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 79,418 ​ $ 35,805 ​ $ 176,015 ​ $ 93,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 91,745 ​ 94,554 ​ 92,931 ​ 95,264 ​ Effect of potentially dilutive securities ​ 79 ​ ​ 56 ​ 28 ​ 91 ​ Weighted average shares outstanding - diluted ​ 91,824 ​ 94,610 ​ 92,959 ​ 95,355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.86 ​ $ 0.38 ​ $ 1.89 ​ $ 0.98 ​

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details)	9 Months Ended
	Sep. 30, 2019item
Basis of Presentation
Number of primary business units	3
PPC
Basis of Presentation
Ownership percentage	100.00%
Securities Holdings
Basis of Presentation
Ownership percentage	100.00%
NLC
Basis of Presentation
Ownership percentage	100.00%
HTH Hillcrest Project LLC
Basis of Presentation
Membership ownership percentage	100.00%
Hilltop Investments I, LLC
Basis of Presentation
Membership ownership percentage	100.00%
PPC | PlainsCapital (the Bank)
Basis of Presentation
Ownership percentage	100.00%
PPC | Hilltop Opportunity Partners LLC
Basis of Presentation
Membership ownership percentage	100.00%
PPC | PCC Statutory Trusts
Basis of Presentation
Ownership percentage	100.00%
PlainsCapital (the Bank) | Prime Lending
Basis of Presentation
Ownership percentage	100.00%
Prime Lending | Ventures Management
Basis of Presentation
Membership ownership percentage	100.00%
Hilltop Investments I, LLC | Hillcrest Land LLC
Basis of Presentation
Membership ownership percentage	50.00%

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019	Jan. 01, 2020
Recent Accounting Pronouncements
Operating lease liabilities		$ 131,133
Operating lease right-of-use assets		121,838
Deferred expenses recognized, recorded as an increase to retained earnings		$ 1,393
ASU 2016-02 | Restatement
Recent Accounting Pronouncements
Operating lease liabilities	$ 121,800
Operating lease right-of-use assets	111,900
Deferred expenses recognized, recorded as an increase to retained earnings	$ 1,400
ASU 2016-13 | Forecast adjustment | Minimum
Recent Accounting Pronouncements
Allowance for credit losses			$ 80,000
ASU 2016-13 | Forecast adjustment | Maximum
Recent Accounting Pronouncements
Allowance for credit losses			$ 110,000

Acquisition - Identifiable Asse

Acquisition - Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 01, 2018	Sep. 30, 2019	Dec. 31, 2018
Fair values of the identifiable assets acquired, and liabilities assumed
Goodwill resulting from the acquisition		$ 291,435	$ 291,435
BORO
Fair values of the identifiable assets acquired, and liabilities assumed
Cash and due from banks	$ 21,756
Securities	60,477
Loans held for investment	326,618
Other assets	25,912
Total identifiable assets acquired	434,763
Deposits	376,393
Short-term borrowings	10,000
Other liabilities	2,996
Total liabilities assumed	389,389
Net identifiable assets acquired	45,374
Goodwill resulting from the acquisition	39,627
Net assets acquired	$ 85,001
Core Deposits | BORO
Allocation to intangible assets
Estimated Useful Life	6 years
Intangible Assets	$ 10,000

Acquisition - Acquired Loans at

Acquisition - Acquired Loans at Acquisition Date (Details) - BORO $ in Thousands	Aug. 01, 2018USD ($)
Information about the acquired loans at acquisition
Carryover of the allowance for loan losses recorded	$ 0
Total loans	326,618
Commercial real estate
Information about the acquired loans at acquisition
Total loans	124,538
1 - 4 family residential
Information about the acquired loans at acquisition
Total loans	55,526
Construction and land development
Information about the acquired loans at acquisition
Total loans	37,134
Commercial and Industrial
Information about the acquired loans at acquisition
Total loans	100,386
Consumer
Information about the acquired loans at acquisition
Total loans	9,034
Non-PCI
Information about the acquired loans at acquisition
Total loans	319,089
Non-PCI | Commercial real estate
Information about the acquired loans at acquisition
Total loans	119,188
Non-PCI | 1 - 4 family residential
Information about the acquired loans at acquisition
Total loans	55,487
Non-PCI | Construction and land development
Information about the acquired loans at acquisition
Total loans	37,134
Non-PCI | Commercial and Industrial
Information about the acquired loans at acquisition
Total loans	98,259
Non-PCI | Consumer
Information about the acquired loans at acquisition
Total loans	9,021
PCI loans
Information about the acquired loans at acquisition
Total loans	7,529
PCI loans | Commercial real estate
Information about the acquired loans at acquisition
Total loans	5,350
PCI loans | 1 - 4 family residential
Information about the acquired loans at acquisition
Total loans	39
PCI loans | Commercial and Industrial
Information about the acquired loans at acquisition
Total loans	2,127
PCI loans | Consumer
Information about the acquired loans at acquisition
Total loans	$ 13

Acquisition - Loans at Acquisit

Acquisition - Loans at Acquisition, Additional Info. and Pro Forma Results (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Aug. 01, 2018
PCI loans
Acquisitions
Nonaccretable difference	$ 53,600	$ 64,200
BORO
Acquisitions
Total loans			$ 326,618
BORO | PCI loans
Acquisitions
Contractually required principal and interest payments			10,730
Nonaccretable difference			2,859
Cash flows expected to be collected			7,871
Accretable difference			342
Total loans			7,529
BORO | Non-PCI
Acquisitions
Contractually required principal and interest payments			381,551
Contractual cash flows not expected to be collected			15,286
Total loans			$ 319,089

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 1,850	$ 1,260
Mortgage loans held for sale, unpaid principal balance	$ 1,800	$ 1,210

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial assets:
Trading securities	$ 707,268	$ 745,466
Available for sale securities	1,003,850	875,658
Equity securities	19,494	19,679
Financial liabilities:
Securities sold, not yet purchased	59,249	81,667
Recurring
Financial assets:
Trading securities	707,268	745,466
Available for sale securities	1,003,850	875,658
Equity securities	19,494	19,679
Loans held for sale	1,853,225	1,257,775
Derivative assets	40,791	35,010
MSR asset	51,297	66,102
Financial liabilities:
Securities sold, not yet purchased	59,249	81,667
Derivative liabilities	6,083	26,355
Recurring | Level 1
Financial assets:
Trading securities	6,562	7,947
Equity securities	19,494	19,679
Financial liabilities:
Securities sold, not yet purchased	33,454	33,000
Recurring | Level 2
Financial assets:
Trading securities	700,706	737,519
Available for sale securities	1,003,850	875,658
Loans held for sale	1,792,321	1,207,311
Derivative assets	40,791	35,010
Financial liabilities:
Securities sold, not yet purchased	25,795	48,667
Derivative liabilities	6,083	26,355
Recurring | Level 3
Financial assets:
Loans held for sale	60,904	50,464
MSR asset	$ 51,297	$ 66,102

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 110,494	$ 98,154	$ 116,566	$ 91,686
Purchases/Additions	19,513	30,517	53,401	60,796
Sales/Reductions	(9,364)	(4,614)	(27,448)	(26,430)
Transfers into Level 3	711		1,136
Total gains or losses (realized or unrealized):
Included in Net Income	(9,153)	(888)	(31,454)	(2,883)
Asset balance, end of period	112,201	123,169	112,201	123,169
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	56,799	40,781	50,464	36,972
Purchases/Additions	15,347	19,156	44,827	39,706
Sales/Reductions	(9,364)	(4,614)	(27,448)	(17,127)
Transfers into Level 3	711		1,136
Total gains or losses (realized or unrealized):
Included in Net Income	(2,589)	(958)	(8,075)	(5,186)
Asset balance, end of period	60,904	54,365	60,904	54,365
MSR
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	53,695	57,373	66,102	54,714
Purchases/Additions	4,166	11,361	8,574	21,090
Sales/Reductions				(9,303)
Total gains or losses (realized or unrealized):
Included in Net Income	(6,564)	70	(23,379)	2,303
Asset balance, end of period	$ 51,297	$ 68,804	$ 51,297	$ 68,804

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Sep. 30, 2019item	Dec. 31, 2018USD ($)item
Loans Held for Sale
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loans Held-for-sale, Measurement Input [Extensible List]	us-gaap:MeasurementInputPriceVolatilityMember	us-gaap:MeasurementInputPriceVolatilityMember
Loans Held for Sale | Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.95	0.95
Loans Held for Sale | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.92	0.95
Loans Held for Sale | Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.96	0.96
MSR
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
MSR | Constant Prepayment Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1440	10.51
MSR | Discount Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1113	11.11

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Transfers Between Level 1 and Level 2
Transfers of assets from level 1 to level 2	$ 0	$ 0	$ 0	$ 0
Transfers of assets from level 2 to level 1	0	0	0	0
Transfers of liabilities from level 1 to level 2	0	0	0	0
Transfers of liabilities from level 2 to level 1	0	0	0	0
Fair Value Option
Net Gains (Losses)	157,050	116,243	384,362	354,488
Other Noninterest Income	50,804	31,810	153,750	72,422
Loans Held for Sale
Fair Value Option
Net Gains (Losses)	4,117	(20,417)	7,972	(12,693)
Total Changes in Fair Value	4,117	(20,417)	7,972	(12,693)
MSR
Fair Value Option
Net Gains (Losses)	(6,564)	70	(23,379)	2,303
Total Changes in Fair Value	$ (6,564)	$ 70	$ (23,379)	$ 2,303

Fair Value Measurements - Impai

Fair Value Measurements - Impaired Loans (Details) - Level 3 - Weighted average - PCI loans	Sep. 30, 2019	Dec. 31, 2018
PPC
Fair Value Inputs
Loans, measurement input	0.49	0.48
PPC | Default Rate
Fair Value Inputs
Loans, measurement input	0.84	0.81
PPC | Severity Rate
Fair Value Inputs
Loans, measurement input	0.58	0.59
PPC | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0	0
FNB
Fair Value Inputs
Loans, measurement input	0.04	0.04
FNB | Default Rate
Fair Value Inputs
Loans, measurement input	0.30	0.34
FNB | Severity Rate
Fair Value Inputs
Loans, measurement input	0.12	0.12
FNB | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0.05	0.06
SWS
Fair Value Inputs
Loans, measurement input	0.18	0.20
SWS | Default Rate
Fair Value Inputs
Loans, measurement input	0.66	0.71
SWS | Severity Rate
Fair Value Inputs
Loans, measurement input	0.28	0.28
SWS | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0	0
BORO
Fair Value Inputs
Loans, measurement input	0.25	0.26
BORO | Default Rate
Fair Value Inputs
Loans, measurement input	0.59	0.63
BORO | Severity Rate
Fair Value Inputs
Loans, measurement input	0.43	0.42
BORO | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0	0

Fair Value Measurements - OREO

Fair Value Measurements - OREO (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value
Impairment loans held for investment	$ 112,270		$ 112,270		$ 119,011
Total Gains (Losses) of impaired loans	(47)	$ 371	(326)	$ 1,838
Level 2 | Estimate of Fair Value | Other Assets
Fair Value
Other real estate owned	18,700		18,700		$ 27,600
Nonrecurring | Estimate of Fair Value
Fair Value
Impairment loans held for investment	67,097		67,097
Other real estate owned	12,112		12,112
Total Gains (Losses) of impaired loans	(1,730)	668	(2,925)	(57)
Total Gains (Losses) of other real estate owned	(177)	$ (394)	(790)	$ (2,194)
Nonrecurring | Level 2 | Estimate of Fair Value
Fair Value
Other real estate owned	12,112		12,112
Nonrecurring | Level 3 | Estimate of Fair Value
Fair Value
Impairment loans held for investment	$ 67,097		$ 67,097

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial assets:
Held to maturity securities	$ 377,337	$ 341,124
Broker-dealer and clearing organization receivables	1,731,979	1,440,287
Financial liabilities:
Broker-dealer and clearing organization payables	1,546,163	1,294,925
Carrying Amount
Financial assets:
Cash and cash equivalents	326,552	644,473
Assets segregated for regulatory purposes	83,878	133,993
Securities purchased under agreements to resell	49,998	61,611
Held to maturity securities	371,361	351,012
Loans held for sale	131,006	135,471
Loans held for investment, net	7,265,604	6,870,972
Broker-dealer and clearing organization receivables	1,731,979	1,440,287
Other assets	70,975	69,720
Financial liabilities:
Deposits	8,730,872	8,536,156
Broker-dealer and clearing organization payables	1,546,163	1,294,925
Short-term borrowings	1,502,755	1,065,807
Debt	312,353	295,884
Other liabilities	9,084	3,482
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	326,552	644,473
Assets segregated for regulatory purposes	83,878	133,993
Securities purchased under agreements to resell	49,998	61,611
Held to maturity securities	377,337	341,124
Loans held for sale	131,006	135,471
Loans held for investment, net	7,488,405	7,024,173
Broker-dealer and clearing organization receivables	1,731,979	1,440,287
Other assets	70,975	69,720
Financial liabilities:
Deposits	8,732,668	8,528,947
Broker-dealer and clearing organization payables	1,546,163	1,294,925
Short-term borrowings	1,502,755	1,065,807
Debt	310,129	293,685
Other liabilities	9,084	3,482
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	326,552	644,473
Assets segregated for regulatory purposes	83,878	133,993
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	49,998	61,611
Held to maturity securities	377,337	341,124
Loans held for sale	131,006	135,471
Loans held for investment, net	558,144	578,363
Broker-dealer and clearing organization receivables	1,731,979	1,440,287
Other assets	69,889	68,573
Financial liabilities:
Deposits	8,732,668	8,528,947
Broker-dealer and clearing organization payables	1,546,163	1,294,925
Short-term borrowings	1,502,755	1,065,807
Debt	310,129	293,685
Other liabilities	9,084	3,482
Estimate of Fair Value | Level 3
Financial assets:
Loans held for investment, net	6,930,261	6,445,810
Other assets	$ 1,086	$ 1,147

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 19,906	$ 26,151	$ 20,376	$ 22,946
Additional investments				1,411
Upward adjustments	101	265	303	3,642
Impairments and downward adjustments	(346)	(1)	(1,018)	(1,584)
Balance, end of period	19,661	$ 26,415	19,661	$ 26,415
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 36,100		$ 36,100		$ 35,800

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of fair value of trading securities
Debt Securities, Trading	$ 707,268	$ 745,466
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	59,249	81,667
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	6,561	7,945
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	8,316	1,494
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	152,582	309,455
Commercial mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	2,177	4,239
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading	281,561	206,813
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	52,257	59,293
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	160,244	126,748
Unit investment trusts
Schedule of fair value of trading securities
Debt Securities, Trading	31,567	19,913
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	7,830	5,680
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 4,173	$ 3,886

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Available for sale
Total amortized cost	$ 987,992		$ 987,992		$ 886,799
Gross Unrealized Gains	16,504		16,504		2,640
Gross Unrealized Losses	(646)		(646)		(13,781)
Fair Value	1,003,850		1,003,850		875,658
Held to maturity
Amortized cost	371,361		371,361		351,012
Unrealized Gains	6,694		6,694		365
Unrealized Losses	(718)		(718)		(10,253)
Held to maturity, fair value	377,337		377,337		341,124
Equity Securities
Unrealized net (losses) gains from equity securities			600		(900)
Equity, at fair value	19,494		19,494		19,679
Recognized net gain (loss) on equity securities	(100)	$ 100	1,400	$ (400)
US Treasury Securities
Available for sale
Total amortized cost	9,864		9,864		11,552
Gross Unrealized Gains	216		216		30
Gross Unrealized Losses	(5)		(5)		(44)
Fair Value	10,075		10,075		11,538
Held to maturity
Amortized cost	9,990		9,990		9,903
Unrealized Gains	5		5		3
Held to maturity, fair value	9,995		9,995		9,906
Bonds
Available for sale
Total amortized cost	85,208		85,208		85,492
Gross Unrealized Gains	1,212		1,212		552
Gross Unrealized Losses	(3)		(3)		(433)
Fair Value	86,417		86,417		85,611
Held to maturity
Amortized cost	24,020		24,020		39,018
Unrealized Gains	11		11
Unrealized Losses	(7)		(7)		(1,479)
Held to maturity, fair value	24,024		24,024		37,539
Residential Mortgage Backed Securities
Available for sale
Total amortized cost	487,487		487,487		391,428
Gross Unrealized Gains	7,006		7,006		608
Gross Unrealized Losses	(137)		(137)		(6,962)
Fair Value	494,356		494,356		385,074
Held to maturity
Amortized cost	18,914		18,914		21,903
Unrealized Gains	259		259
Unrealized Losses					(263)
Held to maturity, fair value	19,173		19,173		21,640
Commercial mortgage-backed securities
Available for sale
Total amortized cost	11,541		11,541		11,703
Gross Unrealized Gains	678		678		189
Gross Unrealized Losses					(120)
Fair Value	12,219		12,219		11,772
Held to maturity
Amortized cost	140,875		140,875		87,065
Unrealized Gains	4,924		4,924		271
Unrealized Losses	(50)		(50)		(1,462)
Held to maturity, fair value	145,749		145,749		85,874
Collateralized Mortgage Obligations
Available for sale
Total amortized cost	308,941		308,941		281,450
Gross Unrealized Gains	4,103		4,103		385
Gross Unrealized Losses	(499)		(499)		(5,436)
Fair Value	312,545		312,545		276,399
Held to maturity
Amortized cost	122,061		122,061		142,474
Unrealized Gains	431		431
Unrealized Losses	(583)		(583)		(5,000)
Held to maturity, fair value	121,909		121,909		137,474
Corporate debt securities
Available for sale
Total amortized cost	44,841		44,841		53,614
Gross Unrealized Gains	1,973		1,973		268
Gross Unrealized Losses					(580)
Fair Value	46,814		46,814		53,302
States and political subdivisions
Available for sale
Total amortized cost	40,110		40,110		51,560
Gross Unrealized Gains	1,316		1,316		608
Gross Unrealized Losses	(2)		(2)		(206)
Fair Value	41,424		41,424		51,962
Held to maturity
Amortized cost	55,501		55,501		50,649
Unrealized Gains	1,064		1,064		91
Unrealized Losses	(78)		(78)		(2,049)
Held to maturity, fair value	$ 56,487		$ 56,487		$ 48,691

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	16	60
Unrealized loss for twelve months or longer | item	18	88
Total | item	34	148
Unrealized loss for less than twelve months	$ 90,728	$ 161,784
Unrealized loss for twelve months or longer	76,352	398,386
Total	167,080	560,170
Unrealized Loss
Unrealized loss for less than twelve months	231	1,250
Unrealized loss for twelve months or longer	415	12,531
Total	$ 646	$ 13,781
US Treasury Securities
Number of Securities
Unrealized loss for less than twelve months | item		1
Unrealized loss for twelve months or longer | item	1	3
Total | item	1	4
Unrealized loss for less than twelve months		$ 981
Unrealized loss for twelve months or longer	$ 1,893	3,556
Total	1,893	4,537
Unrealized Loss
Unrealized loss for less than twelve months		6
Unrealized loss for twelve months or longer	5	39
Total	$ 5	$ 45
Bonds
Number of Securities
Unrealized loss for less than twelve months | item		3
Unrealized loss for twelve months or longer | item	1	3
Total | item	1	6
Unrealized loss for less than twelve months		$ 24,772
Unrealized loss for twelve months or longer	$ 9,997	30,472
Total	9,997	55,244
Unrealized Loss
Unrealized loss for less than twelve months		5
Unrealized loss for twelve months or longer	3	428
Total	$ 3	$ 433
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	4	8
Unrealized loss for twelve months or longer | item	3	27
Total | item	7	35
Unrealized loss for less than twelve months	$ 26,128	$ 66,791
Unrealized loss for twelve months or longer	14,951	194,228
Total	41,079	261,019
Unrealized Loss
Unrealized loss for less than twelve months	39	432
Unrealized loss for twelve months or longer	98	6,530
Total	$ 137	$ 6,962
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for twelve months or longer | item		1
Total | item		1
Unrealized loss for twelve months or longer		$ 4,953
Total		4,953
Unrealized Loss
Unrealized loss for twelve months or longer		120
Total		$ 120
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	11	11
Unrealized loss for twelve months or longer | item	12	28
Total | item	23	39
Unrealized loss for less than twelve months	$ 64,055	$ 44,394
Unrealized loss for twelve months or longer	49,027	140,483
Total	113,082	184,877
Unrealized Loss
Unrealized loss for less than twelve months	191	498
Unrealized loss for twelve months or longer	308	4,938
Total	$ 499	$ 5,436
Corporate debt securities
Number of Securities
Unrealized loss for less than twelve months | item		8
Unrealized loss for twelve months or longer | item		8
Total | item		16
Unrealized loss for less than twelve months		$ 16,256
Unrealized loss for twelve months or longer		15,665
Total		31,921
Unrealized Loss
Unrealized loss for less than twelve months		282
Unrealized loss for twelve months or longer		297
Total		$ 579
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	1	29
Unrealized loss for twelve months or longer | item	1	18
Total | item	2	47
Unrealized loss for less than twelve months	$ 545	$ 8,590
Unrealized loss for twelve months or longer	484	9,029
Total	1,029	17,619
Unrealized Loss
Unrealized loss for less than twelve months	1	27
Unrealized loss for twelve months or longer	1	179
Total	$ 2	$ 206

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	24	12
Unrealized loss for twelve months or longer | item	13	130
Total | item	37	142
Fair Value
Unrealized loss for less than twelve months	$ 36,661	$ 21,866
Unrealized loss for twelve months or longer	64,230	278,770
Total	100,891	300,636
Unrealized Losses
Unrealized loss for less than twelve months	146	198
Unrealized loss for twelve months or longer	572	10,055
Total	$ 718	$ 10,253
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	2
Unrealized loss for twelve months or longer | item		4
Total | item	2	4
Fair Value
Unrealized loss for less than twelve months	$ 9,693
Unrealized loss for twelve months or longer		$ 37,539
Total	9,693	37,539
Unrealized Losses
Unrealized loss for less than twelve months	7
Unrealized loss for twelve months or longer		1,479
Total	$ 7	$ 1,479
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item		1
Unrealized loss for twelve months or longer | item		3
Total | item		4
Fair Value
Unrealized loss for less than twelve months		$ 8,411
Unrealized loss for twelve months or longer		13,229
Total		21,640
Unrealized Losses
Unrealized loss for less than twelve months		89
Unrealized loss for twelve months or longer		174
Total		$ 263
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	2	1
Unrealized loss for twelve months or longer | item		13
Total | item	2	14
Fair Value
Unrealized loss for less than twelve months	$ 9,767	$ 4,973
Unrealized loss for twelve months or longer		59,670
Total	9,767	64,643
Unrealized Losses
Unrealized loss for less than twelve months	50	27
Unrealized loss for twelve months or longer		1,435
Total	$ 50	$ 1,462
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	4	1
Unrealized loss for twelve months or longer | item	9	24
Total | item	13	25
Fair Value
Unrealized loss for less than twelve months	$ 10,093	$ 2,051
Unrealized loss for twelve months or longer	63,128	135,423
Total	73,221	137,474
Unrealized Losses
Unrealized loss for less than twelve months	43	26
Unrealized loss for twelve months or longer	540	4,974
Total	$ 583	$ 5,000
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	16	9
Unrealized loss for twelve months or longer | item	4	86
Total | item	20	95
Fair Value
Unrealized loss for less than twelve months	$ 7,108	$ 6,431
Unrealized loss for twelve months or longer	1,102	32,909
Total	8,210	39,340
Unrealized Losses
Unrealized loss for less than twelve months	46	56
Unrealized loss for twelve months or longer	32	1,993
Total	$ 78	$ 2,049

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 35,701
Due after one year through five years	88,540
Due after five years through ten years	37,858
Due after ten years	17,924
Total	180,023
Total amortized cost	987,992	$ 886,799
AFS, Fair Value, Rolling Maturity
Due in one year or less	35,719
Due after one year through five years	91,393
Due after five years through ten years	38,873
Due after ten years	18,745
Total	184,730
Fair Value	1,003,850	875,658
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	487,487
Total amortized cost	487,487	391,428
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	494,356
Fair Value	494,356	385,074
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	308,941
Total amortized cost	308,941	281,450
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	312,545
Fair Value	312,545	$ 276,399
Commercial Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	11,541
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 12,219

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 9,990
Due after one year through five years	25,969
Due after five years through ten years	5,543
Due after ten years	48,009
Total	89,511
Amortized cost	371,361	$ 351,012
HTM, Fair Value, Rolling Maturities
Due in one year or less	9,995
Due after one year through five years	25,987
Due after five years through ten years	5,598
Due after ten years	48,926
Total	90,506
Fair Value	377,337	341,124
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	18,914
Amortized cost	18,914	21,903
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	19,173
Fair Value	19,173	21,640
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	122,061
Amortized cost	122,061	142,474
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	121,909
Fair Value	121,909	$ 137,474
Commercial Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	140,875
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 145,749

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Securities
Realized net gains from trading securities portfolio	$ 4.4	$ 3.2	$ 15.1	$ 5.1
Realized net losses from other securities	2.6		2.6
Carrying amount of securities pledged	573.2		573.2		$ 612.3
Fair value of securities pledged	581.5		581.5		600
Hilltop Broker-Dealers
Securities
Realized net gains from trading securities portfolio	43.3	$ 12.2	99	$ 29.7
NLC
Securities
Deposit with various state insurance departments	$ 9.3		$ 9.3		$ 9.5

Loans Held for Investment and_3

Loans Held for Investment and Allowance for Loan Losses - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans
Loans held for investment	$ 7,321,208		$ 6,930,458
Allowance for loan losses	(55,604)	$ (55,177)	(59,486)	$ (60,152)	$ (61,970)	$ (63,686)
Loans held for investment, net	7,265,604		6,870,972
Commercial real estate
Loans
Loans held for investment	2,933,424		2,940,120
Allowance for loan losses	(25,862)	(25,114)	(27,100)	(26,341)	(26,032)	(26,413)
Commercial and Industrial
Loans
Loans held for investment	1,390,531		1,508,451
Allowance for loan losses	(19,182)	(20,414)	(21,980)	(21,821)	(23,517)	(23,674)
Construction and land development
Loans
Loans held for investment	972,226		932,909
Allowance for loan losses	(4,788)	(4,396)	(6,061)	(7,714)	(7,271)	(7,844)
1 - 4 family residential
Loans
Loans held for investment	698,251		679,263
Allowance for loan losses	(5,411)	(4,924)	(3,956)	(2,724)	(2,552)	(2,362)
Mortgage warehouse
Loans
Loans held for investment	725,852		243,806
Consumer
Loans
Loans held for investment	42,780		47,546
Allowance for loan losses	(268)	(283)	(267)	(215)	(207)	(311)
Broker-dealer
Loans
Loans held for investment	558,144		578,363
Allowance for loan losses	$ (93)	$ (46)	$ (122)	$ (46)	$ (417)	$ (353)

Loans Held for Investment and_4

Loans Held for Investment and Allowance for Loan Losses - PCI Loans (Details) - PCI loans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Carrying values and the outstanding contractual balances of the PCI loans
Carrying amount	$ 84,205		$ 84,205		$ 93,072
Outstanding balance	147,926		147,926		172,808
Changes in the accretable yield for the acquired impaired loans
Balance, beginning of year	69,305	$ 86,652	80,693	$ 98,846
Additions		340		340
Reclassifications from nonaccretable difference, net	7,183	6,702	12,626	16,967
Disposals of loans	(132)		(835)	(98)
Accretion	(8,614)	(8,491)	(24,742)	(30,005)
Transfer of loans to OREO		(142)		(989)
Balance, end of year	67,742	$ 85,061	67,742	$ 85,061
Nonaccretable difference	$ 53,600		$ 53,600		$ 64,200

Loans Held for Investment and_5

Loans Held for Investment and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Impaired loans
Days outstanding loans and leases receivable are generally considered past due			90 days
Non-covered impaired loans
Unpaid Contractual Principal balance	$ 229,424		$ 229,424		$ 265,779
Recorded Investment with No Allowance	34,574		34,574		47,090
Recorded Investment with Allowance	77,696		77,696		71,921
Total Recorded Investment	112,270		112,270		119,011
Related Allowance	6,569		6,569		3,644
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	111,940	$ 136,624	115,642	$ 148,048
Non-accrual loans
Non-accrual loans	30,995		30,995		30,539
Interest income recorded on accruing impaired loans	300	500	1,100	900
Non-owner occupied
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	14,781	41,305	14,852	46,691
Non-accrual loans
Non-accrual loans	4,993		4,993		1,226
Owner occupied
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	16,489	67,759	17,578	73,531
Non-accrual loans
Non-accrual loans	3,734		3,734		4,098
Commercial and Industrial
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	17,616	24,705	17,659	24,617
Non-accrual loans
Non-accrual loans	13,313		13,313		14,870
Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	4,500		4,500		3,400
Construction and land development
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	1,432	2,803	2,548	3,090
Non-accrual loans
Non-accrual loans	1,358		1,358		3,278
1 - 4 family residential
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	61,587		62,963
Non-accrual loans
Non-accrual loans	7,567		7,567		7,026
Consumer
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	35	$ 52	42	$ 119
Non-accrual loans
Non-accrual loans	30		30		41
PCI loans
Non-covered impaired loans
Unpaid Contractual Principal balance	183,931		183,931		225,997
Recorded Investment with No Allowance	12,539		12,539		23,426
Recorded Investment with Allowance	71,666		71,666		69,646
Total Recorded Investment	84,205		84,205		93,072
Related Allowance	4,976		4,976		2,892
Non-accrual loans
Non-accrual loans	4,200		4,200		4,900
PCI loans | Non-owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	29,625		29,625		42,668
Recorded Investment with No Allowance	5,281		5,281		5,549
Recorded Investment with Allowance	7,436		7,436		7,540
Total Recorded Investment	12,717		12,717		13,089
Related Allowance	1,507		1,507		1,125
PCI loans | Owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	27,926		27,926		36,246
Recorded Investment with No Allowance	2,292		2,292		11,657
Recorded Investment with Allowance	10,408		10,408		2,967
Total Recorded Investment	12,700		12,700		14,624
Related Allowance	980		980		304
PCI loans | Commercial and Industrial
Non-covered impaired loans
Unpaid Contractual Principal balance	24,485		24,485		27,403
Recorded Investment with No Allowance	4,459		4,459		5,491
Recorded Investment with Allowance	1,137		1,137		1,068
Total Recorded Investment	5,596		5,596		6,559
Related Allowance	14		14		72
PCI loans | Construction and land development
Non-covered impaired loans
Unpaid Contractual Principal balance	7,412		7,412		10,992
Recorded Investment with No Allowance	6		6		74
Recorded Investment with Allowance	21		21		390
Total Recorded Investment	27		27		464
Related Allowance	3		3		92
PCI loans | 1 - 4 family residential
Non-covered impaired loans
Unpaid Contractual Principal balance	92,733		92,733		106,503
Recorded Investment with No Allowance	499		499		646
Recorded Investment with Allowance	52,664		52,664		57,681
Total Recorded Investment	53,163		53,163		58,327
Related Allowance	2,472		2,472		1,299
PCI loans | Consumer
Non-covered impaired loans
Unpaid Contractual Principal balance	1,750		1,750		2,185
Recorded Investment with No Allowance	2		2		9
Total Recorded Investment	2		2		9
Non-PCI
Non-covered impaired loans
Unpaid Contractual Principal balance	45,493		45,493		39,782
Recorded Investment with No Allowance	22,035		22,035		23,664
Recorded Investment with Allowance	6,030		6,030		2,275
Total Recorded Investment	28,065		28,065		25,939
Related Allowance	1,593		1,593		752
Non-PCI | Non-owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	3,904		3,904
Recorded Investment with No Allowance	199		199
Recorded Investment with Allowance	3,698		3,698
Total Recorded Investment	3,897		3,897
Related Allowance	690		690
Non-PCI | Owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	4,910		4,910		5,231
Recorded Investment with No Allowance	3,734		3,734		4,098
Total Recorded Investment	3,734		3,734		4,098
Non-PCI | Commercial and Industrial
Non-covered impaired loans
Unpaid Contractual Principal balance	24,691		24,691		22,277
Recorded Investment with No Allowance	9,200		9,200		9,891
Recorded Investment with Allowance	2,332		2,332		1,740
Total Recorded Investment	11,532		11,532		11,631
Related Allowance	903		903		721
Non-PCI | Construction and land development
Non-covered impaired loans
Unpaid Contractual Principal balance	1,504		1,504		3,430
Recorded Investment with No Allowance	1,358		1,358		2,711
Recorded Investment with Allowance					535
Total Recorded Investment	1,358		1,358		3,246
Related Allowance					31
Non-PCI | 1 - 4 family residential
Non-covered impaired loans
Unpaid Contractual Principal balance	10,442		10,442		8,695
Recorded Investment with No Allowance	7,514		7,514		6,922
Total Recorded Investment	7,514		7,514		6,922
Non-PCI | Consumer
Non-covered impaired loans
Unpaid Contractual Principal balance	42		42		149
Recorded Investment with No Allowance	30		30		42
Total Recorded Investment	$ 30		$ 30		$ 42

Loans Held for Investment and_6

Loans Held for Investment and Allowance for Loan Losses - TDRs (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018loan	Sep. 30, 2019USD ($)itemloan	Sep. 30, 2018loan	Sep. 30, 2018USD ($)loan
TDRs, Non-covered loans
Number of TDR loans granted | loan		0		0
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan			0
AB Note | Minimum | PlainsCapital (the Bank)
TDRs, Non-covered loans
Number of loans into which a single loan may be reconfigured | item			2
Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan	2		5
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan					1
TDR at extension	$ 1,640		$ 9,632		$ 3,294
TDR modifications, end of period	$ 1,587		$ 9,113
TDR with payment at least 30 days past due					$ 3,130
Owner occupied | Payment Term Extension
TDRs, Non-covered loans
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan					1
TDR at extension					$ 3,294
TDR with payment at least 30 days past due					$ 3,130
Commercial and Industrial | Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan	2		5
TDR at extension	$ 1,640		$ 9,632
TDR modifications, end of period	$ 1,587		$ 9,113

Loans Held for Investment and_7

Loans Held for Investment and Allowance for Loan Losses - Aging (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	$ 31,648	$ 35,173
Current Loans	7,205,355	6,802,213
Loans held for investment	7,321,208	6,930,458
Accruing Loans Past Due 90 Days or More	80	78
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	20,144	14,120
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	4,613	3,879
Financing Receivables, Equal to Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	6,891	17,174
PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	84,205	93,072
Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	4,779	1,373
Current Loans	1,657,864	1,708,160
Loans held for investment	1,675,360	1,722,622
Non-owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	4,565	1,174
Non-owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	15	199
Non-owner occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	199
Non-owner occupied | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	12,717	13,089
Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	5,475	5,537
Current Loans	1,239,889	1,197,337
Loans held for investment	1,258,064	1,217,498
Accruing Loans Past Due 90 Days or More		75
Owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	2,915	1,364
Owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	213
Owner occupied | Financing Receivables, Equal to Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	2,347	4,173
Owner occupied | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	12,700	14,624
Commercial and Industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	13,103	13,892
Current Loans	1,371,832	1,488,000
Loans held for investment	1,390,531	1,508,451
Accruing Loans Past Due 90 Days or More	80	3
Commercial and Industrial | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	9,353	1,792
Commercial and Industrial | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	2,449	1,049
Commercial and Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	1,301	11,051
Commercial and Industrial | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	5,596	6,559
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	881	3,549
Current Loans	971,318	928,896
Loans held for investment	972,226	932,909
Construction and land development | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	881	3,549
Construction and land development | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	27	464
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	7,245	10,421
Current Loans	637,843	610,515
Loans held for investment	698,251	679,263
1 - 4 family residential | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	2,297	5,987
1 - 4 family residential | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	1,904	2,484
1 - 4 family residential | Financing Receivables, Equal to Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	3,044	1,950
1 - 4 family residential | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	53,163	58,327
Mortgage warehouse
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans		0
Current Loans	725,852	243,806
Loans held for investment	725,852	243,806
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	165	401
Current Loans	42,613	47,136
Loans held for investment	42,780	47,546
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	133	254
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	32	147
Consumer | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	2	9
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Current Loans	558,144	578,363
Loans held for investment	558,144	578,363
Prime Lending | U.S. Government Agencies
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Accruing Loans Past Due 90 Days or More	81,600	83,100
Unpaid principal balance loans past due 90 days or more	$ 82,700	$ 84,000

Loans Held for Investment and_8

Loans Held for Investment and Allowance for Loan Losses - Internal Risk Grades (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Internal risk grades of non-covered loans
Loans held for investment	$ 7,321,208	$ 6,930,458
Pass
Internal risk grades of non-covered loans
Loans held for investment	7,078,181	6,681,855
Special Mention
Internal risk grades of non-covered loans
Loans held for investment	1,697	17,796
Substandard
Internal risk grades of non-covered loans
Loans held for investment	157,125	137,735
Non-owner occupied
Internal risk grades of non-covered loans
Loans held for investment	1,675,360	1,722,622
Non-owner occupied | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,613,156	1,673,424
Non-owner occupied | Substandard
Internal risk grades of non-covered loans
Loans held for investment	49,487	36,109
Owner occupied
Internal risk grades of non-covered loans
Loans held for investment	1,258,064	1,217,498
Owner occupied | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,211,767	1,175,225
Owner occupied | Special Mention
Internal risk grades of non-covered loans
Loans held for investment	816	2,083
Owner occupied | Substandard
Internal risk grades of non-covered loans
Loans held for investment	32,781	25,566
Commercial and Industrial
Internal risk grades of non-covered loans
Loans held for investment	1,390,531	1,508,451
Commercial and Industrial | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,328,903	1,433,227
Commercial and Industrial | Special Mention
Internal risk grades of non-covered loans
Loans held for investment	881	15,320
Commercial and Industrial | Substandard
Internal risk grades of non-covered loans
Loans held for investment	55,151	53,345
Construction and land development
Internal risk grades of non-covered loans
Loans held for investment	972,226	932,909
Construction and land development | Pass
Internal risk grades of non-covered loans
Loans held for investment	969,661	929,130
Construction and land development | Substandard
Internal risk grades of non-covered loans
Loans held for investment	2,538	3,315
1 - 4 family residential
Internal risk grades of non-covered loans
Loans held for investment	698,251	679,263
1 - 4 family residential | Pass
Internal risk grades of non-covered loans
Loans held for investment	627,962	601,264
1 - 4 family residential | Special Mention
Internal risk grades of non-covered loans
Loans held for investment		393
1 - 4 family residential | Substandard
Internal risk grades of non-covered loans
Loans held for investment	17,126	19,279
Mortgage warehouse
Internal risk grades of non-covered loans
Loans held for investment	725,852	243,806
Mortgage warehouse | Pass
Internal risk grades of non-covered loans
Loans held for investment	725,852	243,806
Consumer
Internal risk grades of non-covered loans
Loans held for investment	42,780	47,546
Consumer | Pass
Internal risk grades of non-covered loans
Loans held for investment	42,736	47,416
Consumer | Substandard
Internal risk grades of non-covered loans
Loans held for investment	42	121
Broker-dealer
Internal risk grades of non-covered loans
Loans held for investment	558,144	578,363
Broker-dealer | Pass
Internal risk grades of non-covered loans
Loans held for investment	558,144	578,363
PCI loans
Internal risk grades of non-covered loans
Loans held for investment	84,205	93,072
PCI loans | Non-owner occupied
Internal risk grades of non-covered loans
Loans held for investment	12,717	13,089
PCI loans | Owner occupied
Internal risk grades of non-covered loans
Loans held for investment	12,700	14,624
PCI loans | Commercial and Industrial
Internal risk grades of non-covered loans
Loans held for investment	5,596	6,559
PCI loans | Construction and land development
Internal risk grades of non-covered loans
Loans held for investment	27	464
PCI loans | 1 - 4 family residential
Internal risk grades of non-covered loans
Loans held for investment	53,163	58,327
PCI loans | Consumer
Internal risk grades of non-covered loans
Loans held for investment	$ 2	$ 9

Loans Held for Investment and_9

Loans Held for Investment and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Dec. 31, 2018
Changes in the allowance for loan losses
Balance, beginning of the year	$ 55,177	$ 61,970	$ 59,486	$ 63,686
Provision (recovery) for loan losses	47	(371)	326	(1,838)
Loans charged off	(1,033)	(1,852)	(6,643)	(5,398)
Recoveries on charged off loans	1,413	405	2,435	3,702
Balance, end of the year	55,604	60,152	55,604	60,152
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					$ 19,885	$ 17,891
Loans collectively evaluated for impairment					7,217,118	6,819,495
Loans held for investment					7,321,208	6,930,458
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					1,593	752
Loans collectively evaluated for impairment, allowance					49,035	55,842
Total loans, allowance	55,604	61,970	55,604	60,152	55,604	59,486
Commercial real estate
Changes in the allowance for loan losses
Balance, beginning of the year	25,114	26,032	27,100	26,413
Provision (recovery) for loan losses	757	309	(1,229)	(54)
Loans charged off	(9)		(9)	(18)
Balance, end of the year	25,862	26,341	25,862	26,341
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					7,239	3,909
Loans collectively evaluated for impairment					2,900,768	2,908,498
Loans held for investment					2,933,424	2,940,120
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					690
Loans collectively evaluated for impairment, allowance					22,685	25,671
Total loans, allowance	25,114	26,032	25,862	26,341	25,862	27,100
Commercial and Industrial
Changes in the allowance for loan losses
Balance, beginning of the year	20,414	23,517	21,980	23,674
Provision (recovery) for loan losses	(1,625)	(242)	87	(123)
Loans charged off	(1,000)	(1,820)	(5,247)	(5,236)
Recoveries on charged off loans	1,393	366	2,362	3,506
Balance, end of the year	19,182	21,821	19,182	21,821
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					10,767	10,741
Loans collectively evaluated for impairment					1,374,168	1,491,151
Loans held for investment					1,390,531	1,508,451
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					903	721
Loans collectively evaluated for impairment, allowance					18,265	21,187
Total loans, allowance	20,414	23,517	19,182	21,821	19,182	21,980
Construction and land development
Changes in the allowance for loan losses
Balance, beginning of the year	4,396	7,271	6,061	7,844
Provision (recovery) for loan losses	392	443	(1,273)	(130)
Balance, end of the year	4,788	7,714	4,788	7,714
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					1,271	3,241
Loans collectively evaluated for impairment					970,928	929,204
Loans held for investment					972,226	932,909
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance						31
Loans collectively evaluated for impairment, allowance					4,785	5,938
Total loans, allowance	4,396	7,271	4,788	7,714	4,788	6,061
1 - 4 family residential
Changes in the allowance for loan losses
Balance, beginning of the year	4,924	2,552	3,956	2,362
Provision (recovery) for loan losses	485	141	2,321	240
Loans charged off	(12)		(911)	(12)
Recoveries on charged off loans	14	31	45	134
Balance, end of the year	5,411	2,724	5,411	2,724
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					608
Loans collectively evaluated for impairment					644,480	620,936
Loans held for investment					698,251	679,263
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					2,939	2,657
Total loans, allowance	4,924	2,552	3,956	2,362	5,411	3,956
Mortgage warehouse
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					725,852	243,806
Loans held for investment					725,852	243,806
Consumer
Changes in the allowance for loan losses
Balance, beginning of the year	283	207	267	311
Provision (recovery) for loan losses	(9)	27	449	(82)
Loans charged off	(12)	(26)	(476)	(69)
Recoveries on charged off loans	6	7	28	55
Balance, end of the year	268	215	268	215
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					42,778	47,537
Loans held for investment					42,780	47,546
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					268	267
Total loans, allowance	283	207	268	311	268	267
Broker-dealer
Changes in the allowance for loan losses
Balance, beginning of the year	46	417	122	353
Provision (recovery) for loan losses	47	(371)	(29)	(307)
Balance, end of the year	93	46	93	46
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					558,144	578,363
Loans held for investment					558,144	578,363
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					93	122
Total loans, allowance	46	417	122	46	93	122
Covered Loan
Changes in the allowance for loan losses
Balance, beginning of the year		1,974		2,729
Provision (recovery) for loan losses		(678)		(1,382)
Loans charged off		(6)		(63)
Recoveries on charged off loans		1		7
Balance, end of the year		1,291		1,291
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance		$ 1,974		$ 1,291
PCI loans
Changes in the allowance for loan losses
Balance, beginning of the year			2,892
Balance, end of the year	4,976		4,976
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					84,205	93,072
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	4,976		4,976		4,976	2,892
PCI loans | Commercial real estate
Changes in the allowance for loan losses
Balance, beginning of the year			1,429
Balance, end of the year	2,487		2,487
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					25,417	27,713
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	2,487		2,487		2,487	1,429
PCI loans | Commercial and Industrial
Changes in the allowance for loan losses
Balance, beginning of the year			72
Balance, end of the year	14		14
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					5,596	6,559
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	14		14		14	72
PCI loans | Construction and land development
Changes in the allowance for loan losses
Balance, beginning of the year			92
Balance, end of the year	3		3
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					27	464
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	3		3		3	92
PCI loans | 1 - 4 family residential
Changes in the allowance for loan losses
Balance, beginning of the year			1,299
Balance, end of the year	2,472		2,472
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					53,163	58,327
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	$ 2,472		$ 2,472		2,472	1,299
PCI loans | Consumer
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					$ 2	$ 9

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - MSR - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Change in fair value of mortgage servicing rights
Balance, beginning of year	$ 53,695	$ 57,373	$ 66,102	$ 54,714	$ 54,714
Additions	4,166	11,361	8,574	21,090
Sales				(9,303)
Changes in fair value: Due to changes in model inputs or assumptions	(3,769)	1,311	(17,541)	5,984
Changes in fair value: Due to customer payoffs	(2,795)	(1,241)	(5,838)	(3,681)
Balance, end of year	51,297	$ 68,804	51,297	$ 68,804	66,102
Mortgage loans serviced for others	$ 4,969,855		$ 4,969,855		$ 5,086,461
MSR asset as a percentage of serviced mortgage loans	1.03%		1.03%		1.30%
Key Assumptions
Weighted average constant prepayment rate (as a percent)			14.40%		10.51%
Weighted average discount rate (as a percent)			11.13%		11.11%
Weighted average life (in years)			5 years 7 months 6 days		7 years 1 month 6 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (3,099)		$ (3,099)		$ (2,512)
Constant prepayment rate: Impact of 20% adverse change	(5,960)		(5,960)		(4,980)
Discount rate: Impact of 10% adverse change	(1,839)		(1,839)		(2,677)
Discount rate: Impact of 20% adverse change	(3,542)		(3,542)		$ (5,139)
Contractually specified servicing fees, late fees and ancillary fees	$ 6,300	$ 5,400	$ 19,200	$ 17,300

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deposits
Noninterest-bearing demand	$ 2,732,325	$ 2,560,750
Interest-bearing:
NOW accounts	1,393,216	1,358,196
Money market	2,584,244	2,725,541
Brokered - money market	5,000	5,000
Demand	318,484	393,685
Savings	187,433	184,700
Time	1,510,170	1,308,284
Total deposits	$ 8,730,872	$ 8,536,156

Short-term Borrowings (Details)

Short-term Borrowings (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Short-term borrowings
Short-term borrowings	$ 1,502,755		$ 1,065,807
Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate (as a percent)	2.76%		3.35%
Federal Funds Purchased.
Short-term borrowings
Short-term borrowings	$ 72,200		$ 100,100
Securities Sold under Agreements to Repurchase
Short-term borrowings
Short-term borrowings	514,055		576,707
FHLB notes
Short-term borrowings
Short-term borrowings	700,000		$ 200,000
Average balance during the year	$ 280,824	$ 253,022
Average interest rate during the year	2.34%	2.04%
Average interest rate at end of year (as a percent)	1.91%		2.65%
FHLB notes | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short Term Bank Loans.
Short-term borrowings
Short-term borrowings	$ 216,500		$ 189,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the year	$ 609,162	$ 683,835
Average interest rate during the year	2.57%	1.76%
Average interest rate at end of year (as a percent)	2.52%		2.43%
Securities underlying the agreements at end of period: Carrying value	$ 519,875		$ 587,609
Securities underlying the agreements at end of period: Estimated fair value	$ 554,107		$ 618,231

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument
Notes payable	$ 245,341	$ 228,872
Senior Notes due April 2025
Debt Instrument
Notes payable	148,727	148,607
Unamortized discount	1,273	1,393
FHLB notes
Debt Instrument
Notes payable	3,943	4,391
Unamortized premium	163	222
NLIC note payable due May 2033
Debt Instrument
Notes payable	10,000	10,000
NLIC note payable due September 2033
Debt Instrument
Notes payable	10,000	10,000
ASIC note payable due April 2034
Debt Instrument
Notes payable	7,500	7,500
Ventures Management line of credit
Debt Instrument
Notes payable	$ 65,171	$ 48,374

Lease - Narrative (Details)

Lease - Narrative (Details)	9 Months Ended
	Sep. 30, 2019
Leases
Option to extend period - Operating	10 years
Option to extend period - Finance	10 years
Option to extend - Operating	true
Option to extend - Finance	true
Option to terminate period - Operating	1 year
Option to terminate period - Finance	1 year
Option to terminate - Operating	true
Option to terminate - Finance	true

Lease - Supplemental balance sh

Lease - Supplemental balance sheet information (Details) $ in Thousands	Sep. 30, 2019USD ($)
Finance leases:
Premises and equipment	$ 7,780
Accumulated depreciation	(4,031)
Premises and equipment, net	$ 3,749
Financial position	us-gaap:PropertyPlantAndEquipmentNet

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Components of operating lease costs
Operating lease cost	$ 11,123	$ 32,253
Less operating lease and sublease income	(846)	(1,897)
Net operating lease cost	10,277	30,356
Amortization of lease assets	147	442
Interest on lease liabilities	148	450
Total finance lease cost	$ 295	$ 892

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases
Operating cash flows from operating leases	$ 29,047
Operating cash flows from finance leases	450
Financing cash flows from finance leases	438
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 25,951

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Sep. 30, 2019
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 9 months 18 days
Finance - Weighted Average Remaining Lease Term (Years)	6 years 9 months 18 days
Operating - Weighted Average Discount Rate	5.35%
Finance - Weighted Average Discount Rate	4.78%

Lease - Lease maturities - ASC

Lease - Lease maturities - ASC 842 (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating leases maturities
2019	$ 9,221
2020	34,509
2021	28,671
2022	22,459
2023	17,757
Thereafter	42,761
Total minimum lease payments	155,378
Amount representing interest	(24,245)
Present value of minimum lease payments	131,133
Finance Leases maturities:
2019	298
2020	1,197
2021	1,212
2022	1,241
2023	1,280
Thereafter	3,460
Total minimum lease payments	8,688
Amount representing interest	(3,041)
Present value of minimum lease payments	$ 5,647

Lease - Operating leases that h

Lease - Operating leases that have not yet commenced (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases
Additional operating leases that have not yet commenced	$ 200
Aggregate remaining lease obligation	$ 155,378
Minimum
Leases
Expected to commence	2 years
Maximum
Leases
Expected to commence	5 years
Related party
Leases
Minimum annual lease payment	$ 500
Aggregate remaining lease obligation	$ 4,600

Lease - Lease maturities - AS_2

Lease - Lease maturities - ASC 840 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Future minimum lease payments under operating leases
2019	$ 36,171
2020	29,109
2021	21,058
2022	16,386
2023	12,361
Thereafter	18,264
Total minimum lease payments	133,349
Future minimum lease payments under capital leases
2019	1,186
2020	1,197
2021	1,212
2022	1,241
2023	1,280
Thereafter	3,460
Total minimum lease payments	9,576
Amount representing interest	(1,221)
Present value of minimum lease payments	$ 8,355

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended	20 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Aug. 19, 2019
Income Taxes
Effective income tax rate (as a percent)	21.80%	17.00%	22.40%	21.40%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Dec. 31, 2018
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	$ 33,074	$ 30,545	$ 33,784	$ 33,702
Claims made	6,423	5,477	16,110	17,827
Claims resolved with no payment	(7,022)	(578)	(14,289)	(12,331)
Repurchases	(1,506)	(3,513)	(4,150)	(6,847)
Indemnification payments	(243)		(729)	(420)
Balance, end of period	30,726	31,931	30,726	31,931
Reserve for Indemnification Liability:
Total	33,074	30,545	33,784	33,702	$ 30,726	$ 33,784
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses	1,000	900	2,200	2,600
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	10,833	23,910	10,701	23,472
Additions for new sales	954	857	2,236	2,599
Repurchases	(117)	(228)	(325)	(474)
Early payment defaults	(51)	(72)	(290)	(259)
Indemnification payments	(87)	(4)	(182)	(124)
Change in reserves for loans sold in prior years	(81)	(292)	(689)	(1,043)
Balance, end of period	11,451	24,171	11,451	24,171
Reserve for Indemnification Liability:
Specific claims					958	676
Incurred but not reported claims					10,493	10,025
Total	$ 10,833	$ 23,910	$ 11,451	23,472	$ 11,451	$ 10,701
DOJ and HUD agreements increase in specific claims that were included in incurred but not reported claims in prior periods				$ 13,500

Commitments and Contingencies_2

Commitments and Contingencies - Hilltop Plaza Investment (Details) $ in Thousands	Jan. 01, 2019USD ($)	Jul. 31, 2018USD ($)aft²tenantitem	Sep. 30, 2019USD ($)ft²	Dec. 31, 2018USD ($)	Jun. 30, 2019USD ($)
Commitments and Contingencies
Primary Beneficiary | item		0
Ground lease term		99 years
Operating lease liabilities			$ 131,133
Deferred expenses recognized, recorded as an increase to retained earnings			$ 1,393
Restatement | ASU 2016-02
Commitments and Contingencies
Operating lease liabilities	$ 121,800
Deferred expenses recognized, recorded as an increase to retained earnings	$ 1,400
Jeremy Ford | Diamond Ground, LLC
Commitments and Contingencies
Ownership interest (as a percent)			10.20%
Wife of Corey Prestidge | Diamond Ground, LLC
Commitments and Contingencies
Ownership interest (as a percent)			10.10%
Hilltop Plaza
Commitments and Contingencies
Construction Loan		$ 41,000
Net Rentable Area | ft²		119,000
Operating lease liabilities					$ 18,900
Costs incurred and capitalized				$ 27,800
Hilltop Plaza | Gerald J. Ford
Commitments and Contingencies
Area of building subject to lease | ft²			11,000
Hilltop Plaza | Hilltop and the Bank
Commitments and Contingencies
Area of building subject to lease | ft²		72,000
Number of office and retail lease | item		2
Total base rent		$ 35,000
Rent abated		9 months
Hilltop Plaza | Hilltop
Commitments and Contingencies
Term of contract		129 months
Hilltop Plaza | PlainsCapital (the Bank)
Commitments and Contingencies
Term of contract		129 months
Hilltop Plaza | Park Plaza
Commitments and Contingencies
Ownership interest (as percent)		50.00%
Hilltop Plaza | HTH Hillcrest Project LLC
Commitments and Contingencies
Ownership interest (as percent)		25.00%
Cash contributions		$ 5,300
Hilltop Plaza | Diamond Hillcrest
Commitments and Contingencies
Ownership interest (as percent)		25.00%
Cash contributions		$ 5,300
Hillcrest Land LLC
Commitments and Contingencies
Acres of land | a		1.7
Payments to acquire land		$ 38,500
Number of tenants | tenant		3
Ground lease commences		18 months
Ground lease		$ 1,800
Annual ground lease increase (as percent)		1.00%
Hillcrest Land LLC | Hilltop Investments I, LLC
Commitments and Contingencies
Investment contribution		$ 19,300
Hillcrest Land LLC | Diamond Ground, LLC
Commitments and Contingencies
Investment contribution		$ 19,300
Hillcrest Land LLC | Park Plaza
Commitments and Contingencies
Leasehold interest		50.00%
Hillcrest Land LLC | HTH Hillcrest Project LLC
Commitments and Contingencies
Leasehold interest		25.00%
Hillcrest Land LLC | Diamond Hillcrest
Commitments and Contingencies
Leasehold interest		25.00%

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Sep. 30, 2019USD ($)
Unused commitments to extend credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,200
Standby letters of credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 91.2

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - 2012 Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock based compensation
Number of awards approved for grant (in shares)	4,000,000		4,000,000
Common stock remaining available for issuance (in shares)	681,484		681,484
Compensation expense	$ 3.1	$ 2.4	$ 8.1	$ 7.2
Board of Directors
Stock based compensation
Common shares granted to members of board of directors as compensation for director services			20,806	22,269

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2012 Plan - RSUs shares in Thousands	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Number of shares outstanding
Balance at the beginning of the period ( in shares) | shares	1,270
Granted (in shares) | shares	592
Vested/Released (in shares) | shares	(488)
Forfeited (in shares) | shares	(43)
Balance at the end of the period ( in shares) | shares	1,331
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 22.44
Grant date fair value (in dollars per share) | $ / shares	19.30
Vested/Released (in dollars per share) | $ / shares	18.08
Forfeited (in dollars per share) | $ / shares	24.79
Balance at the end of the period (in dollars per share) | $ / shares	$ 22.57

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2012 Plan - RSUs $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	99,709
Vested RSUs which require deferral of share settlement and statutory tax obligations	17,692
Number of shares awarded (in shares)	592,000
Number of awards subject to time-based vesting (in shares)	1,093,383
Number of awards vesting upon achievement of performance goals (in shares)	238,145
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense | $	$ 15.3
Weighted average period for unrecognized compensation expense (in years)	1 year 7 months 28 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	583,961
Number of awards subject to time-based vesting (in shares)	485,962
Number of awards vesting upon achievement of performance goals (in shares)	91,249
Performance period	3 years
Vesting period	3 years

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
PlainsCapital (the Bank)
Tier 1 capital (to average assets)
Actual Amount	$ 1,226,270	$ 1,183,447
Actual Ratio (as a percent)	11.79%	12.47%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	4.00%	4.00%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	4.00%	4.00%
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	$ 1,226,270	$ 1,183,447
Actual Ratio (as a percent)	13.25%	13.90%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	7.00%	6.375%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	7.00%	7.00%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	6.50%	6.50%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,226,270	$ 1,183,447
Actual Ratio (as a percent)	13.25%	13.90%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	8.50%	7.875%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	8.50%	8.50%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	8.00%	8.00%
Total capital (to risk-weighted assets)
Actual Amount	$ 1,283,967	$ 1,245,177
Actual Ratio (as a percent)	13.87%	14.63%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	10.50%	9.875%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	10.50%	10.50%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	10.00%	10.00%
Hilltop
Tier 1 capital (to average assets)
Actual Amount	$ 1,775,755	$ 1,680,364
Actual Ratio (as a percent)	12.67%	12.53%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	4.00%	4.00%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	4.00%	4.00%
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,729,166	$ 1,634,978
Actual Ratio (as a percent)	16.15%	16.58%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	7.00%	6.375%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	7.00%	7.00%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,775,755	$ 1,680,364
Actual Ratio (as a percent)	16.58%	17.04%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	8.50%	7.875%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	8.50%	8.50%
Total capital (to risk-weighted assets)
Actual Amount	$ 1,815,134	$ 1,722,602
Actual Ratio (as a percent)	16.95%	17.47%
Minimum Capital Requirement Including Conservation Buffer in effect at end of period, ratio (as a percent)	10.50%	9.875%
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	10.50%	10.50%

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 83,878	$ 133,993	$ 220,115
Hilltop Securities
Net Capital
Net capital	265,752
Less required net capital	9,152
Excess net capital	$ 256,600
Net capital as a percentage of aggregate debit items	58.10%
Net capital in excess of 5% aggregate debt items	$ 242,873
HTS Independent Network
Net Capital
Net capital	3,076
Less required net capital	250
Excess net capital	2,826
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 83,900	$ 134,000

Regulatory Matters - Insurance

Regulatory Matters - Insurance Subsidiaries (Details) - Texas Department of Insurance - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
NLIC
Insurance
Statutory capital and surplus	$ 63,586		$ 63,586		$ 78,637
Statutory net income	4,797	$ 5,442	4,388	$ 6,576
ASIC
Insurance
Statutory capital and surplus	19,463		19,463		$ 17,908
Statutory net income	$ 470	$ (2,765)	$ 1,186	$ (1,482)

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 24, 2019	Aug. 20, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 31, 2019
Stock repurchase program
Cash dividends declared per common share	$ 0.08		$ 0.08	$ 0.07	$ 0.24	$ 0.21
Cash dividends paid					$ 22,400	$ 20,100
Repurchase common stock authorized amount							$ 50,000
Payments to repurchase shares					$ 73,385	38,821
Repurchase of common stock (in shares)					3,390,247
Purchase price value of common stock			$ 48,405		$ 73,385	$ 38,821
Average price (per share)					$ 21.64
Securities Purchase Agreement
Stock repurchase program
Repurchase of common stock (in shares)		2,175,404
Purchase price value of common stock		$ 48,400
Average price (per share)		$ 22.25

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Prime Lending
Derivative financial instruments
Increase (decrease) in fair value of derivatives during period	$ 5,881	$ 2,171	$ 23,285	$ 9,036
Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in fair value of derivatives during period	(5,984)	3,648	4,790	1,411
PlainsCapital (the Bank)
Derivative financial instruments
Increase (decrease) in fair value of derivatives during period	(25)	$ (16)	(171)	$ 143
Interest Rate Lock Commitments
Derivative financial instruments
Notional Amount	1,695,917		1,695,917		$ 677,267
Estimated Fair Value	31,392		31,392		17,421
Customer-based written options
Derivative financial instruments
Notional Amount	31,200		31,200		31,200
Estimated Fair Value					(49)
Customer-based purchased options
Derivative financial instruments
Notional Amount	31,200		31,200		31,200
Estimated Fair Value					49
Commitments to Purchase MBSs
Derivative financial instruments
Notional Amount	3,847,878		3,847,878		2,359,630
Estimated Fair Value	9,175		9,175		10,467
Commitments to Sell MBSs
Derivative financial instruments
Notional Amount	7,056,929		7,056,929		3,711,477
Estimated Fair Value	(5,994)		(5,994)		(19,315)
Commitments to Sell MBSs | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	100		100		11,900
Interest rate swaps
Derivative financial instruments
Notional Amount	37,067		37,067		15,104
Estimated Fair Value	135		135		82
U.S. Treasury bond futures and options
Derivative financial instruments
Notional Amount	268,700		268,700		367,200
Eurodollar futures
Derivative financial instruments
Notional Amount	48,000		48,000		104,000
Treasury bond futures and options and Eurodollar futures | PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	$ 2,700		$ 2,700		$ 3,400

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 49,998	$ 61,611
Total
Gross Amounts of Recognized Assets	1,696,361	1,437,764
Gross Amounts Offset in the Balance Sheet	(168)
Net Amounts of Assets Presented in the Balance Sheet	1,696,193	1,437,764
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,642,903)	(1,378,980)
Net Amount	53,290	58,784
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,636,796	1,365,547
Net Amounts of Assets Presented in the Balance Sheet	1,636,796	1,365,547
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,583,664)	(1,307,121)
Net Amount	53,132	58,426
Interest Rate Options | Customer Counterparties
Derivatives:
Gross Amounts of Recognized Assets		49
Net Amounts of Assets Presented in the Balance Sheet		49
Gross Amounts Not Offset in the Balance Sheet
Net Amounts of Assets Presented in the Balance Sheet		49
Interest rate swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	392	88
Gross Amounts Offset in the Balance Sheet	(168)
Net Amounts of Assets Presented in the Balance Sheet	224	88
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(224)
Net Amounts of Assets Presented in the Balance Sheet	0	88
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	49,998	61,611
Net Amounts of Assets Presented in the Balance Sheet	49,998	61,611
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(49,840)	(61,390)
Net Amount	158	221
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	9,175	10,469
Net Amounts of Assets Presented in the Balance Sheet	9,175	10,469
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(9,175)	(10,469)
Net Amounts of Assets Presented in the Balance Sheet	$ 0	$ 0

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total
Gross Amounts of Recognized Liabilities	$ 2,027,817	$ 1,782,166
Gross Amounts Offset in the Balance Sheet	(2,561)	(15)
Net Amounts of Liabilities Presented in the Balance Sheet	2,025,256	1,782,151
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,972,015)	(1,720,468)
Net Amount	53,241	61,683
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,505,118	1,186,073
Net Amounts of Liabilities Presented in the Balance Sheets	1,505,118	1,186,073
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,454,240)	(1,136,033)
Net Amount	50,878	50,040
Institutional Counterparties | Interest Rate Options
Derivatives:
Gross Amounts of Recognized Liabilities		49
Net Amounts of Liabilities Presented in the Balance Sheet		49
Gross Amounts Not Offset in the Balance Sheet
Net Amount		49
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	89	6
Net Amounts of Liabilities Presented in the Balance Sheet	89	6
Gross Amounts Not Offset in the Balance Sheet
Net Amount	89	6
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	495,564	533,441
Net Amounts of Liabilities Presented in the Balance Sheet	495,564	533,441
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(495,564)	(533,441)
Net Amount	0	0
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	8,555	19,331
Gross Amounts Offset in the Balance Sheet	(2,561)	(15)
Net Amounts of Liabilities Presented in the Balance Sheet	5,994	19,316
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(3,720)	(7,728)
Net Amount	2,274	11,588
Customer Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	18,491	43,266
Net Amounts of Liabilities Presented in the Balance Sheet	18,491	43,266
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(18,491)	(43,266)
Net Amount	$ 0	$ 0

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Number of repurchase-to-maturity transactions outstanding | item	0	0
Total borrowings	$ 2,019,173	$ 1,762,780
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 2,019,173	1,762,780
Minimum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	1 day
Maximum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	30 days
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 2,019,173	1,762,780
US Treasury and agency securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	35,335	131,848
US Treasury and agency securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	35,335	131,848
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	478,720	444,859
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	478,720	444,859
Corporate debt securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	113	113
Corporate debt securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	113	113
Equity Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,505,005	1,185,960
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,505,005	$ 1,185,960

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Receivables:
Securities borrowed	$ 1,636,796	$ 1,365,547
Securities failed to deliver	15,878	16,300
Trades in process of settlement	55,982	32,993
Other	23,323	25,447
Total receivables	1,731,979	1,440,287
Payables:
Securities loaned	1,505,118	1,186,073
Correspondents	24,670	29,311
Securities failed to receive	10,485	75,015
Other	5,890	4,526
Total Payables	$ 1,546,163	$ 1,294,925

Reserve for Losses and Loss A_3

Reserve for Losses and Loss Adjustment Expenses - Reserve (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Information regarding of the reserve for unpaid losses and loss adjustment expenses
Reserve for unpaid losses and allocated LAE balance, net	$ 18,403	$ 16,498
Reinsurance recoverables on unpaid losses	847	3,214
Unallocated LAE	788	840
Reserve for unpaid losses and LAE balance, gross	$ 20,038	$ 20,552

Reserve for Losses and Loss A_4

Reserve for Losses and Loss Adjustment Expenses - Activity (Details) $ in Thousands	Sep. 30, 2019USD ($)claim	Dec. 31, 2018USD ($)
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 279,338
Total incurred	297,607
All outstanding reserves prior to 2016, net of reinsurance	134
Reserve for unpaid losses and allocated LAE, net of reinsurance	18,403	$ 16,498
2016
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	83,540
Total incurred	83,978
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 272
Cumulative Number of Reported Claims | claim	20,180
2017
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 87,039
Total incurred	87,743
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 418
Cumulative Number of Reported Claims | claim	20,738
2018
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 69,823
Total incurred	73,703
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 2,128
Cumulative Number of Reported Claims | claim	15,290
2019
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 38,936
Total incurred	52,183
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 5,656
Cumulative Number of Reported Claims | claim	11,701

Reinsurance Activity - Credit R

Reinsurance Activity - Credit Risk (Details) $ in Thousands	Sep. 30, 2019USD ($)
Reinsurance Activity
Balances due from Companies	$ 1,100
Allowance for uncollectible accounts	$ 0

Reinsurance Activity - Effects

Reinsurance Activity - Effects of Reinsurance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earned
Net premiums	$ 32,654	$ 34,185	$ 99,323	$ 102,605
Effect of reinsurance on incurred losses
Net loss and LAE incurred	14,677	18,712	54,584	58,653
Property and casualty
Written
Premiums from direct business	31,269	32,738	97,621	101,624
Reinsurance assumed	3,440	3,414	10,191	10,023
Reinsurance ceded	(2,333)	(2,353)	(5,574)	(6,698)
Net premiums	32,376	33,799	102,238	104,949
Earned
Premiums from direct business	31,698	33,399	95,161	100,139
Reinsurance assumed	3,289	3,181	9,736	9,292
Reinsurance ceded	(2,333)	(2,395)	(5,574)	(6,826)
Net premiums	32,654	34,185	99,323	102,605
Effect of reinsurance on incurred losses
Loss and LAE incurred	14,508	19,158	53,450	56,479
Reinsurance recoverables	169	(446)	1,134	2,174
Net loss and LAE incurred	$ 14,677	$ 18,712	$ 54,584	$ 58,653

Reinsurance Activity - Coverage

Reinsurance Activity - Coverage (Details) $ in Millions	Jul. 01, 2019	Jan. 01, 2019USD ($)	Sep. 30, 2019USD ($)item	Dec. 31, 2018
Catastrophic Coverage | First Layer of Protection
Reinsurance activity
Retention amount			$ 8
Reinsurance in excess of retention			12
Catastrophic Coverage | Second Layer of Protection
Reinsurance activity
Retention amount			20
Reinsurance coverage in losses per event			25
Catastrophic Coverage | Third Layer of Protection
Reinsurance activity
Retention amount			45
Reinsurance coverage in losses per event			$ 50
NLC
Reinsurance activity
Number of layers of protection under reinsurance | item			3
Aggregate coverage in excess of retention for per event retention and sub-catastrophic event		$ 10
Retention amount per event		1
NLC | Catastrophic Coverage
Reinsurance activity
Renewal period of reinsurance contract	1 year
NLC | Catastrophic Coverage | Sub-catastrophic
Reinsurance activity
Retention amount		$ 15
NLIC and ASIC | Catastrophic Coverage
Reinsurance activity
Number of catastrophe that could be experienced with limited retention | item			1
NLIC and ASIC | Catastrophic Coverage | Maximum
Reinsurance activity
Retention amount			$ 8
NLIC | Catastrophic Coverage
Reinsurance activity
Retention amount			8
Participation retained (as a percent)		37.50%		17.50%
ASIC | Catastrophic Coverage
Reinsurance activity
Retention amount			2
ASIC | Underlying Coverage
Reinsurance activity
Retention amount			2
Reinsurance in excess of retention			$ 6

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Information about the revenues, operating results, goodwill and assets
Number of reportable segments | segment			4
Net interest income (expense)	$ 113,212	$ 110,341	$ 330,019	$ 318,609
Provision (recovery) for loan losses	47	(371)	326	(1,838)
Noninterest income	341,401	269,697	906,740	784,274
Noninterest expense	350,109	335,711	1,002,871	982,430
Income before income taxes	104,457	44,698	233,562	122,291
Goodwill	291,435		291,435		$ 291,435
Total assets	14,837,029		14,837,029		13,683,572
Operating segment | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	97,642	94,921	283,755	269,517
Provision (recovery) for loan losses			355	(1,531)
Noninterest income	8,856	11,365	30,219	32,188
Noninterest expense	53,767	67,714	172,744	192,626
Income before income taxes	52,731	38,572	140,875	110,610
Goodwill	247,368		247,368		247,368
Total assets	10,938,112		10,938,112		10,004,971
Operating segment | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	13,724	12,432	37,984	37,873
Provision (recovery) for loan losses	47	(371)	(29)	(307)
Noninterest income	107,742	82,834	304,607	224,969
Noninterest expense	94,411	85,713	277,088	241,456
Income before income taxes	27,008	9,924	65,532	21,693
Goodwill	7,008		7,008		7,008
Total assets	3,368,574		3,368,574		3,213,115
Operating segment | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(2,725)	363	(4,224)	2,009
Noninterest income	194,857	144,400	477,438	434,262
Noninterest expense	160,634	140,006	417,032	420,736
Income before income taxes	31,498	4,757	56,182	15,535
Goodwill	13,071		13,071		13,071
Total assets	2,242,522		2,242,522		1,627,134
Operating segment | Insurance Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	566	733	1,802	2,313
Noninterest income	34,896	36,724	107,539	108,288
Noninterest expense	28,923	33,807	98,850	104,532
Income before income taxes	6,539	3,650	10,491	6,069
Goodwill	23,988		23,988		23,988
Total assets	254,243		254,243		253,513
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(1,384)	(3,275)	(4,045)	(7,848)
Noninterest income	460	523	1,850	1,246
Noninterest expense	12,561	8,656	37,397	23,399
Income before income taxes	(13,485)	(11,408)	(39,592)	(30,001)
Total assets	2,365,800		2,365,800		2,243,182
All Other and Eliminations.
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	5,389	5,167	14,747	14,745
Noninterest income	(5,410)	(6,149)	(14,913)	(16,679)
Noninterest expense	(187)	(185)	(240)	(319)
Income before income taxes	166	$ (797)	74	$ (1,615)
Total assets	$ (4,332,222)		$ (4,332,222)		$ (3,658,343)

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic earnings per share:
Net earnings available to Hilltop common stockholders	$ 79,418	$ 35,805	$ 176,015	$ 93,326
Weighted average shares outstanding - basic	91,745	94,554	92,931	95,264
Basic earnings per common share (in dollars per share)	$ 0.87	$ 0.38	$ 1.89	$ 0.98
Diluted earnings per share:
Income attributable to Hilltop	$ 79,418	$ 35,805	$ 176,015	$ 93,326
Weighted average shares outstanding - basic	91,745	94,554	92,931	95,264
Effect of potentially dilutive securities (in shares)	79	56	28	91
Weighted average shares outstanding - diluted	91,824	94,610	92,959	95,355
Diluted earnings per common share (in dollars per share)	$ 0.86	$ 0.38	$ 1.89	$ 0.98

Schedule I - Insurance Incurr_2

Schedule I - Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net Of Reinsurance (Details) $ in Thousands	Sep. 30, 2019USD ($)claim	Dec. 31, 2018USD ($)
Incurred losses and allocated loss adjustment expenses, net of reinsurance
Total incurred	$ 297,607
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
Total paid	279,338
All outstanding reserves prior to 2016, net of reinsurance	134
Reserve for unpaid losses and allocated loss adjustment expenses, net of reinsurance	18,403	$ 16,498
2016
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2016	84,771
2017	85,189
2018	84,076
Total incurred	83,978
Total of incurred but not reported reserves plus expected development on reported claims	$ 272
Cumulative Number of Reported Claims | claim	20,180
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2016	$ 71,543
2017	81,682
2018	83,169
Total paid	83,540
2017
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2017	87,899
2018	88,025
Total incurred	87,743
Total of incurred but not reported reserves plus expected development on reported claims	$ 418
Cumulative Number of Reported Claims | claim	20,738
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2017	$ 77,675
2018	86,319
Total paid	87,039
2018
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2018	75,217
Total incurred	73,703
Total of incurred but not reported reserves plus expected development on reported claims	$ 2,128
Cumulative Number of Reported Claims | claim	15,290
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2018	$ 61,922
Total paid	69,823
2019
Incurred losses and allocated loss adjustment expenses, net of reinsurance
Total incurred	52,183
Total of incurred but not reported reserves plus expected development on reported claims	$ 5,656
Cumulative Number of Reported Claims | claim	11,701
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
Total paid	$ 38,936