Hilltop (HTH) 10-Q/A 20 Nov 19 2019 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 25, 2019
Document and Entity Information
Document Type	10-Q/A
Document Quarterly Report	true
Document Period End Date	Jun. 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		92,775,411
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 342,001	$ 644,073
Federal funds sold	521	400
Assets segregated for regulatory purposes	151,271	133,993
Securities purchased under agreements to resell	50,660	61,611
Securities:
Trading, at fair value	601,524	745,466
Available for sale, at fair value (amortized cost of $999,798 and $886,799, respectively)	1,009,924	875,658
Held to maturity, at amortized cost (fair value of $368,546 and $341,124, respectively)	365,905	351,012
Equity, at fair value	19,592	19,679
Total securities	1,996,945	1,991,815
Loans held for sale	1,609,477	1,393,246
Loans held for investment, net of unearned income	7,202,604	6,930,458
Allowance for loan losses	(55,177)	(59,486)
Loans held for investment, net	7,147,427	6,870,972
Broker-dealer and clearing organization receivables	1,707,249	1,440,287
Premises and equipment, net	208,975	237,373
Operating lease right-of-use assets	123,832
Other assets	602,143	580,362
Goodwill	291,435	291,435
Other intangible assets, net	33,934	38,005
Total assets	14,265,870	13,683,572
Deposits:
Noninterest-bearing	2,598,253	2,560,750
Interest-bearing	5,864,826	5,975,406
Total deposits	8,463,079	8,536,156
Broker-dealer and clearing organization payables	1,531,891	1,294,925
Short-term borrowings	1,338,893	1,065,807
Securities sold, not yet purchased, at fair value	45,447	81,667
Notes payable	231,923	228,872
Operating lease liabilities	132,750
Junior subordinated debentures	67,012	67,012
Other liabilities	403,070	435,240
Total liabilities	12,214,065	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; 92,775,411 and 93,610,217 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	928	936
Additional paid-in capital	1,473,599	1,489,816
Accumulated other comprehensive income (loss)	7,862	(8,627)
Retained earnings	544,275	466,737
Deferred compensation employee stock trust, net	788	825
Employee stock trust (8,579 and 11,672 shares, at cost, at June 30, 2019 and December 31, 2018, respectively)	(171)	(217)
Total Hilltop stockholders' equity	2,027,281	1,949,470
Noncontrolling interests	24,524	24,423
Total stockholders' equity	2,051,805	1,973,893
Total liabilities and stockholders' equity	$ 14,265,870	$ 13,683,572

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 999,798	$ 886,799
Held to maturity, fair value	$ 368,546	$ 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	92,775,411	93,610,217
Common stock, shares outstanding	92,775,411	93,610,217
Employee stock trust, shares	8,579	11,672

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Loans, including fees	$ 114,325	$ 103,924	$ 225,195	$ 203,868
Securities borrowed	15,517	17,486	32,376	33,786
Securities:
Taxable	14,684	12,516	30,300	23,469
Tax-exempt	1,513	1,697	3,011	3,469
Other	4,017	4,417	9,214	8,808
Total interest income	150,056	140,040	300,096	273,400
Interest expense:
Deposits	18,036	10,136	35,142	18,811
Securities loaned	13,470	15,075	28,208	28,814
Short-term borrowings	6,897	6,466	12,368	10,509
Notes payable	2,629	2,437	5,270	4,934
Junior subordinated debentures	986	918	1,987	1,740
Other	162	160	314	324
Total interest expense	42,180	35,192	83,289	65,132
Net interest income	107,876	104,848	216,807	208,268
Provision (recovery) for loan losses	(672)	340	279	(1,467)
Net interest income after provision (recovery) for loan losses	108,548	104,508	216,528	209,735
Noninterest income:
Net gains from sale of loans and other mortgage production income	131,173	132,478	227,312	238,245
Mortgage loan origination fees	33,409	29,318	55,282	49,944
Securities commissions and fees	34,142	38,320	70,111	77,037
Investment and securities advisory fees and commissions	22,859	21,965	43,019	40,319
Net insurance premiums earned	33,466	34,105	66,669	68,420
Other	57,822	23,248	102,946	40,612
Total noninterest income	312,871	279,434	565,339	514,577
Noninterest expense:
Employees' compensation and benefits	215,743	200,632	405,641	383,232
Occupancy and equipment, net	28,219	27,893	56,242	55,723
Professional services	23,753	26,020	46,695	50,724
Loss and loss adjustment expenses	24,981	24,409	39,907	39,941
Other	50,981	59,563	104,277	117,099
Total noninterest expense	343,677	338,517	652,762	646,719
Income before income taxes	77,742	45,425	129,105	77,593
Income tax expense	17,951	11,034	29,537	18,522
Net income	59,791	34,391	99,568	59,071
Less: Net income attributable to noncontrolling interest	1,980	1,311	2,971	1,550
Income attributable to Hilltop	$ 57,811	$ 33,080	$ 96,597	$ 57,521
Earnings per common share:
Basic (in dollars per share)	$ 0.62	$ 0.35	$ 1.03	$ 0.60
Diluted (in dollars per share)	$ 0.62	$ 0.35	$ 1.03	$ 0.60
Weighted average share information:
Basic (in shares)	93,399	95,270	93,533	95,625
Diluted (in shares)	93,418	95,358	93,534	95,727

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 59,791	$ 34,391	$ 99,568	$ 59,071
Other comprehensive income:
Net unrealized gains (losses) on securities available for sale, net of tax of $2,574, $(602), $4,782 and $(2,495), respectively	8,924	(2,148)	16,473	(8,851)
Reclassification adjustment for gains included in net income, net of tax of $0, $0, $5 and $0, respectively			16
Comprehensive income	68,715	32,243	116,057	50,220
Less: comprehensive income attributable to noncontrolling interest	1,980	1,311	2,971	1,550
Comprehensive income applicable to Hilltop	$ 66,735	$ 30,932	$ 113,086	$ 48,670

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net unrealized gains (losses) on securities available for sale, tax	$ 2,574	$ (602)	$ 4,782	$ (2,495)
Other comprehensive income reclassification adjustment, tax	$ 0	$ 0	$ 5	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Parent [Member]	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	57,521				57,521			1,550	59,071
Other comprehensive income (loss)	(8,851)			(8,851)					(8,851)
Stock-based compensation expense	4,549		4,549						4,549
Common stock issued to board members	248		248						248
Common stock issued to board members (in shares)		10,000
Issuance of common stock related to share-based awards, net	(1,729)	$ 3	(1,732)						(1,729)
Issuance of common stock related to share-based awards, net (in shares)		281,000
Repurchases of common stock	(38,877)	$ (17)	(27,329)		(11,531)				(38,877)
Repurchases of common stock (in shares)		(1,702,000)
Dividends on common stock	(13,453)				(13,453)				(13,453)
Deferred compensation plan	4					9	$ (5)		4
Deferred compensation plan (in shares)							(1,000)
Adoption of accounting standards				(2,601)	2,601
Net cash contributed from noncontrolling interest								644	644
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
Balance at Mar. 31, 2018	1,922,992	$ 960	1,526,867	(9,698)	404,260	857	$ (254)	2,464	1,925,456
Balance (in shares) at Mar. 31, 2018		96,048,000					11,000
Increase (Decrease) in Stockholders' Equity
Net income	33,080				33,080			1,311	34,391
Other comprehensive income (loss)	(2,148)			(2,148)					(2,148)
Stock-based compensation expense	2,385		2,385						2,385
Common stock issued to board members	124		124						124
Common stock issued to board members (in shares)		5,000
Issuance of common stock related to share-based awards, net	(1,037)	$ 2	(1,039)						(1,037)
Issuance of common stock related to share-based awards, net (in shares)		152,000
Repurchases of common stock	(37,171)	$ (16)	(26,232)		(10,923)				(37,171)
Repurchases of common stock (in shares)		(1,634,000)
Dividends on common stock	(6,734)				(6,734)				(6,734)
Deferred compensation plan	2						$ 2		2
Net cash contributed from noncontrolling interest								1,145	1,145
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
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	96,597				96,597			2,971	99,568
Other comprehensive income (loss)	16,489			16,489					16,489
Stock-based compensation expense	4,739		4,739						4,739
Common stock issued to board members	281		281						281
Common stock issued to board members (in shares)		15,000
Issuance of common stock related to share-based awards, net	(1,734)	$ 4	(1,738)						(1,734)
Issuance of common stock related to share-based awards, net (in shares)		365,000
Repurchases of common stock	(24,980)	$ (12)	(19,499)		(5,469)				$ (24,980)
Repurchases of common stock (in shares)		(1,215,000)							(1,214,843)
Dividends on common stock	(14,983)				(14,983)				$ (14,983)
Deferred compensation plan	9					(37)	$ 46		9
Deferred compensation plan (in shares)							(2,000)
Adoption of accounting standards	1,393				1,393				1,393
Net cash distributed to noncontrolling interest								2,870	2,870
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
Balance at Mar. 31, 2019	1,991,527	$ 938	1,491,585	(1,062)	499,452	827	$ (213)	23,604	2,015,131
Balance (in shares) at Mar. 31, 2019		93,821,000					11,000
Increase (Decrease) in Stockholders' Equity
Net income	57,811				57,811			1,980	59,791
Other comprehensive income (loss)	8,924			8,924					8,924
Stock-based compensation expense	2,385		2,385						2,385
Common stock issued to board members	141		141						141
Common stock issued to board members (in shares)		7,000
Issuance of common stock related to share-based awards, net	(1,011)	$ 2	(1,013)						(1,011)
Issuance of common stock related to share-based awards, net (in shares)		162,000
Repurchases of common stock	(24,980)	$ (12)	(19,499)		(5,469)				(24,980)
Repurchases of common stock (in shares)		(1,215,000)
Dividends on common stock	(7,519)				(7,519)				(7,519)
Deferred compensation plan	3					(39)	$ 42		3
Deferred compensation plan (in shares)							(2,000)
Net cash distributed to noncontrolling interest								1,060	1,060
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

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jul. 25, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.08	$ 0.08	$ 0.07	$ 0.16	$ 0.14

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net income	$ 99,568	$ 59,071
Adjustments to reconcile net income to net cash used in operating activities:
Provision (recovery) for loan losses	279	(1,467)
Depreciation, amortization and accretion, net	(256)	3,412
Net change in fair value of equity securities	(1,466)	512
Deferred income taxes	1,528	734
Other, net	5,228	4,926
Net change in securities purchased under agreements to resell	10,951	(42,635)
Net change in trading securities	143,942	96,488
Net change in broker-dealer and clearing organization receivables	(258,976)	(172,846)
Net change in other assets	(17,446)	2,897
Net change in broker-dealer and clearing organization payables	138,310	52,574
Net change in other liabilities	4,064	(90,078)
Net change in securities sold, not yet purchased	(36,220)	18,760
Proceeds from sale of mortgage servicing rights asset		9,303
Net gains from sales of loans	(227,312)	(238,245)
Loans originated for sale	(6,783,246)	(7,308,972)
Proceeds from loans sold	6,790,418	7,286,188
Net cash used in operating activities	(130,634)	(319,378)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	25,726	24,047
Proceeds from sales, maturities and principal reductions of securities available for sale	77,146	90,950
Proceeds from sales, maturities and principal reductions of equity securities	1,860	3
Purchases of securities held to maturity	(40,789)	(21,634)
Purchases of securities available for sale	(191,108)	(170,328)
Purchases of equity securities	(307)	(492)
Net change in loans held for investment	(267,006)	(49,003)
Purchases of premises and equipment and other assets	(14,935)	(12,252)
Proceeds from sales of premises and equipment and other real estate owned	9,777	8,172
Net cash received paid for Federal Home Loan Bank and Federal Reserve Bank stock	(11,301)	(16,626)
Net cash used in investing activities	(410,937)	(147,163)
Financing Activities
Net change in deposits	25,579	(94,730)
Net change in short-term borrowings	273,086	404,311
Proceeds from notes payable	365,270	267,194
Payments on notes payable	(362,255)	(248,167)
Payments to repurchase common stock	(24,980)	(38,877)
Dividends paid on common stock	(14,983)	(13,453)
Net cash received from (distributed to) noncontrolling interest	(2,870)	644
Taxes paid on employee stock awards netting activity	(1,734)	(1,726)
Other, net	(215)	(363)
Net cash provided by financing activities	256,898	274,833
Net change in cash and cash equivalents	(284,673)	(191,708)
Cash, cash equivalents and restricted cash, beginning of period	778,466	673,960
Cash, cash equivalents and restricted cash, end of period	493,793	482,252
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	80,880	65,349
Cash paid for income taxes, net of refunds	12,504	966
Supplemental Schedule of Non-Cash Activities
Derecognition of construction in progress related to built-to-suit lease obligations	29,195
Conversion of loans to other real estate owned	2,931	4,846
Additions to mortgage servicing rights	$ 4,408	$ 9,729

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 342,001	$ 644,073	$ 353,432
Federal funds sold	521	400	403
Assets segregated for regulatory purposes	151,271	133,993	128,417
Total cash, cash equivalents and restricted cash	$ 493,793	$ 778,466	$ 482,252	$ 673,960

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	6 Months Ended
	Jun. 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. As previously disclosed, the quarterly report on Form 10-Q for the period ended June 30, 2018, filed with the SEC on July 26, 2018, incorrectly included the change in assets segregated for regulatory purposes in the operating section of the statements of cash flows. Previously disclosed net changes in assets segregated for regulatory purposes of $58.2 million for the six months ended June 30, 2018, should have been excluded from the cash flows from operating activities and the beginning-of-period and end-of-period balances of assets segregated for regulatory purposes are included in total cash, cash equivalents and restricted cash in accordance with Accounting Standards Update (“ASU”) 2016-18. Accordingly, net cash used in operating activities for the six months ended June 30, 2018, originally reported as $(261.2) million, is $(319.4) million. 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	6 Months Ended
	Jun. 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 recognized on the project to date through January 1, 2019, recorded as an increase to retained earnings. Refer to Note 13 for more details regarding the Hilltop Plaza transaction. ​ 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. Early adoption is permitted. The Company is currently evaluating the provisions of the amendment and the 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. Early adoption is permitted. The Company is currently evaluating the provisions of the amendments but does not expect the amendments to have a material 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 which 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	6 Months Ended
	Jun. 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	6 Months Ended
	Jun. 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 June 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 $1.48 billion and $1.26 billion, respectively, and the unpaid principal balance of those loans was $1.43 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 June 30, 2019 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 5,204 ​ $ 596,320 ​ $ — ​ $ 601,524 ​ Available for sale securities ​ ​ — ​ ​ 1,009,924 ​ ​ — ​ ​ 1,009,924 ​ Equity securities ​ ​ 19,592 ​ ​ — ​ ​ — ​ ​ 19,592 ​ Loans held for sale ​ ​ — ​ ​ 1,418,277 ​ ​ 56,799 ​ ​ 1,475,076 ​ Derivative assets ​ ​ — ​ ​ 72,783 ​ ​ — ​ ​ 72,783 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 53,695 ​ ​ 53,695 ​ Securities sold, not yet purchased ​ ​ 14,897 ​ ​ 30,550 ​ ​ — ​ ​ 45,447 ​ Derivative liabilities ​ ​ — ​ ​ 38,939 ​ ​ — ​ ​ 38,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 57,844 ​ $ 14,053 ​ $ (11,108) ​ $ (612) ​ $ (3,378) ​ $ — ​ $ 56,799 ​ MSR asset ​ 62,049 ​ ​ 2,547 ​ ​ — ​ ​ — ​ ​ (10,901) ​ ​ — ​ 53,695 ​ Total ​ $ 119,893 ​ $ 16,600 ​ $ (11,108) ​ $ (612) ​ $ (14,279) ​ $ — ​ $ 110,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 29,480 ​ $ (18,084) ​ $ 425 ​ $ (5,486) ​ $ — ​ $ 56,799 ​ MSR asset ​ ​ 66,102 ​ ​ 4,408 ​ ​ — ​ ​ — ​ ​ (16,815) ​ ​ — ​ ​ 53,695 ​ Total ​ $ 116,566 ​ $ 33,888 ​ $ (18,084) ​ $ 425 ​ $ (22,301) ​ $ — ​ $ 110,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 43,483 ​ $ 8,071 ​ $ (8,538) ​ ​ — ​ $ (2,235) ​ $ — ​ $ 40,781 ​ MSR asset ​ ​ 63,957 ​ ​ 3,068 ​ ​ (9,303) ​ ​ — ​ ​ (349) ​ ​ — ​ ​ 57,373 ​ Total ​ $ 107,440 ​ $ 11,139 ​ $ (17,841) ​ $ — ​ $ (2,584) ​ $ — ​ $ 98,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 36,972 ​ $ 20,550 ​ $ (12,513) ​ ​ — ​ $ (4,228) ​ $ — ​ $ 40,781 ​ MSR asset ​ ​ 54,714 ​ ​ 9,729 ​ ​ (9,303) ​ ​ — ​ ​ 2,233 ​ ​ — ​ ​ 57,373 ​ Total ​ $ 91,686 ​ $ 30,279 ​ $ (21,816) ​ $ — ​ $ (1,995) ​ $ — ​ $ 98,154 ​ ​ 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 June 30, 2019. ​ For Level 3 financial instruments measured at fair value on a recurring basis at June 30, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Financial instrument Valuation Technique Unobservable Inputs 2019 ​ 2018 Loans ​ Discounted ​ Projected price ​ 89 - 96 % ( 95 %) ​ 95 - 96 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ 13.67 % ​ ​ ​ ​ ​ 10.51 % ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ 11.12 % ​ ​ ​ ​ ​ 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 June 30, 2019 ​ Three Months Ended June 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 ​ $ 17,179 ​ $ — ​ $ 17,179 ​ $ 22,604 ​ $ — ​ $ 22,604 ​ MSR asset ​ (10,901) ​ — ​ (10,901) ​ (349) ​ — ​ (349) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2019 ​ Six Months Ended June 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 ​ $ 3,855 ​ $ — ​ $ 3,855 ​ $ 7,724 ​ $ — ​ $ 7,724 ​ MSR asset ​ (16,815) ​ — ​ (16,815) ​ 2,233 ​ — ​ 2,233 ​ ​ 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 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 ​ June 30, 2019 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 84 % 30 % 71 % 59 % Weighted average loss severity rate ​ 59 % 12 % 28 % 43 % Weighted average prepayment speed ​ 0 % 6 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 49 % 4 % 20 % 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 June 30, ​ Six Months Ended June 30, June 30, 2019 Inputs Inputs Inputs Fair Value 2019 2018 2019 2018 Impaired loans held for investment ​ $ — ​ $ — ​ $ 65,660 ​ $ 65,660 ​ $ (1,295) ​ $ (602) ​ $ (1,195) ​ $ (725) Other real estate owned ​ — ​ 12,885 ​ — ​ 12,885 ​ (119) ​ (694) ​ (613) ​ (1,800) ​ 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 ​ ​ June 30, 2019 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 342,522 ​ $ 342,522 ​ $ — ​ $ — ​ $ 342,522 ​ Assets segregated for regulatory purposes ​ ​ 151,271 ​ ​ 151,271 ​ ​ — ​ ​ — ​ ​ 151,271 ​ Securities purchased under agreements to resell ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ Held to maturity securities ​ ​ 365,905 ​ ​ — ​ ​ 368,546 ​ ​ — ​ ​ 368,546 ​ Loans held for sale ​ ​ 134,401 ​ ​ — ​ ​ 134,401 ​ ​ — ​ ​ 134,401 ​ Loans held for investment, net ​ ​ 7,147,427 ​ ​ — ​ ​ 570,377 ​ ​ 6,818,592 ​ ​ 7,388,969 ​ Broker-dealer and clearing organization receivables ​ 1,707,249 ​ — ​ 1,707,249 ​ — ​ 1,707,249 ​ Other assets ​ 71,833 ​ — ​ 70,724 ​ 1,109 ​ 71,833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,463,079 ​ — ​ 8,464,697 ​ — ​ 8,464,697 ​ Broker-dealer and clearing organization payables ​ 1,531,891 ​ — ​ 1,531,891 ​ — ​ 1,531,891 ​ Short-term borrowings ​ 1,338,893 ​ — ​ 1,338,893 ​ — ​ 1,338,893 ​ Debt ​ 298,935 ​ — ​ 296,724 ​ — ​ 296,724 ​ Other liabilities ​ 5,640 ​ — ​ 5,640 ​ — ​ 5,640 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $36.3 million and $35.8 million at June 30, 2019 and December 31, 2018, respectively, which are included within other assets in the consolidated balance sheets. Of the $36.3 million of such equity investments held at June 30, 2019, $19.9 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period $ 20,477 $ 21,906 ​ $ 20,376 $ 22,946 Additional investments ​ ​ — ​ ​ 1,411 ​ ​ — ​ ​ 1,411 Upward adjustments ​ ​ 101 ​ ​ 2,836 ​ ​ 202 ​ ​ 3,108 Impairments and downward adjustments ​ ​ (672) ​ ​ (2) ​ ​ (672) ​ ​ (1,314) Dispositions ​ — ​ — ​ — ​ — Balance, end of period ​ $ 19,906 ​ $ 26,151 ​ $ 19,906 ​ $ 26,151 ​

Securities

Securities	6 Months Ended
	Jun. 30, 2019
Securities
Securities	5. Securities ​ The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2019 2018 U.S. Treasury securities $ 5,203 $ 7,945 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 6,194 ​ ​ 1,494 ​ ​ Residential mortgage-backed securities ​ 246,943 ​ 309,455 ​ ​ Commercial mortgage-backed securities ​ 2,204 ​ 4,239 ​ ​ Collateralized mortgage obligations ​ ​ 149,449 ​ ​ 206,813 ​ ​ Corporate debt securities ​ ​ 54,729 ​ ​ 59,293 ​ ​ States and political subdivisions ​ ​ 116,202 ​ ​ 126,748 ​ ​ Unit investment trusts ​ ​ 15,919 ​ ​ 19,913 ​ ​ Private-label securitized product ​ ​ 1,267 ​ ​ 5,680 ​ ​ Other ​ ​ 3,414 ​ ​ 3,886 ​ ​ Totals ​ $ 601,524 ​ $ 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 $45.4 million and $81.7 million at June 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 ​ ​ ​ June 30, 2019 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 10,559 ​ $ 197 ​ $ (11) ​ $ 10,745 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,311 ​ 1,210 ​ (14) ​ 86,507 ​ Residential mortgage-backed securities ​ 467,661 ​ 5,925 ​ (1,453) ​ 472,133 ​ Commercial mortgage-backed securities ​ ​ 11,595 ​ 540 ​ — ​ 12,135 ​ Collateralized mortgage obligations ​ 333,415 ​ 3,061 ​ (2,206) ​ 334,270 ​ Corporate debt securities ​ 47,824 ​ 1,710 ​ — ​ 49,534 ​ States and political subdivisions ​ 43,433 ​ 1,170 ​ (3) ​ 44,600 ​ Totals ​ $ 999,798 ​ $ 13,813 ​ $ (3,687) ​ $ 1,009,924 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ June 30, 2019 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,961 $ 19 $ — $ 9,980 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 39,019 ​ ​ — ​ ​ (71) ​ ​ 38,948 ​ Residential mortgage-backed securities ​ 20,031 ​ 203 ​ — ​ 20,234 ​ Commercial mortgage-backed securities ​ ​ 113,570 ​ 3,170 ​ (98) ​ 116,642 ​ Collateralized mortgage obligations ​ 130,326 ​ 300 ​ (1,271) ​ 129,355 ​ States and political subdivisions ​ 52,998 ​ 650 ​ (261) ​ 53,387 ​ Totals ​ $ 365,905 ​ $ 4,342 ​ $ (1,701) ​ $ 368,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $0.7 million and unrealized net losses of $0.9 million from equity securities with fair values of $19.6 million and $19.7 million held at June 30, 2019 and December 31, 2018, respectively. The Company recognized net gains of ​ Information regarding available for sale, held to maturity and equity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 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 2 ​ $ 2,586 ​ $ 11 1 ​ $ 981 ​ $ 6 ​ Unrealized loss for twelve months or longer — ​ — ​ — 3 ​ 3,556 ​ 39 ​ ​ 2 ​ 2,586 ​ 11 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 ​ 9,986 ​ 14 3 ​ 30,472 ​ 428 ​ ​ 1 ​ ​ 9,986 ​ ​ 14 6 ​ 55,244 ​ 433 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 8,355 ​ 7 8 ​ 66,791 ​ 432 ​ Unrealized loss for twelve months or longer 16 ​ 106,815 ​ 1,445 27 ​ 194,228 ​ 6,530 ​ ​ 18 ​ ​ 115,170 ​ ​ 1,452 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 9 ​ 55,481 ​ 153 11 ​ 44,394 ​ 498 ​ Unrealized loss for twelve months or longer 24 ​ 106,528 ​ 2,054 28 ​ 140,483 ​ 4,938 ​ ​ 33 ​ ​ 162,009 ​ ​ 2,207 39 ​ 184,877 ​ 5,436 ​ Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ 3,009 ​ — 8 ​ 16,256 ​ 282 ​ Unrealized loss for twelve months or longer — ​ 2,407 ​ — 8 ​ 15,665 ​ 297 ​ ​ — ​ ​ 5,416 ​ ​ — 16 ​ 31,921 ​ 579 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 822 ​ — 29 ​ 8,590 ​ 27 ​ Unrealized loss for twelve months or longer 3 ​ 1,223 ​ 3 18 ​ 9,029 ​ 179 ​ ​ 4 ​ ​ 2,045 ​ ​ 3 47 ​ 17,619 ​ 206 ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 70,253 ​ 171 60 ​ 161,784 ​ 1,250 ​ Unrealized loss for twelve months or longer 44 ​ 226,959 ​ 3,516 88 ​ 398,386 ​ 12,531 ​ ​ 58 ​ $ 297,212 ​ $ 3,687 148 ​ $ 560,170 ​ $ 13,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 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 — ​ $ — ​ $ — — ​ $ — ​ $ — ​ Unrealized loss for twelve months or longer 2 ​ 29,248 ​ 71 4 ​ 37,539 ​ 1,479 ​ ​ 2 ​ 29,248 ​ 71 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 1 ​ 1,601 ​ 17 1 ​ 4,973 ​ 27 ​ Unrealized loss for twelve months or longer 2 ​ 12,551 ​ 81 13 ​ 59,670 ​ 1,435 ​ ​ 3 ​ 14,152 ​ 98 14 ​ 64,643 ​ 1,462 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 1 ​ 2,051 ​ 26 ​ Unrealized loss for twelve months or longer 15 ​ 95,659 ​ 1,271 24 ​ 135,423 ​ 4,974 ​ ​ 15 ​ 95,659 ​ 1,271 25 ​ 137,474 ​ 5,000 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 9 ​ 6,431 ​ 56 ​ Unrealized loss for twelve months or longer 41 ​ 19,683 ​ 261 86 ​ 32,909 ​ 1,993 ​ ​ 41 ​ 19,683 ​ 261 95 ​ 39,340 ​ 2,049 ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 1,601 ​ 17 12 ​ 21,866 ​ 198 ​ Unrealized loss for twelve months or longer 60 ​ 157,141 ​ 1,684 130 ​ 278,770 ​ 10,055 ​ ​ 61 ​ $ 158,742 ​ $ 1,701 142 ​ $ 300,636 ​ $ 10,253 ​ ​ During the three and six months ended June 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 June 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 ​ $ 39,783 ​ $ 39,797 ​ $ 11,356 ​ $ 11,376 ​ Due after one year through five years ​ 88,357 ​ 90,942 ​ 26,042 ​ 26,055 ​ Due after five years through ten years ​ 39,142 ​ 40,024 ​ 5,392 ​ 5,414 ​ Due after ten years ​ 19,845 ​ 20,623 ​ 59,188 ​ 59,470 ​ ​ ​ 187,127 ​ 191,386 ​ 101,978 ​ 102,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 467,661 ​ 472,133 ​ 20,031 ​ 20,234 ​ Collateralized mortgage obligations ​ 333,415 ​ 334,270 ​ 130,326 ​ 129,355 ​ Commercial mortgage-backed securities ​ 11,595 ​ 12,135 ​ 113,570 ​ 116,642 ​ ​ ​ $ 999,798 ​ $ 1,009,924 ​ $ 365,905 ​ $ 368,546 ​ ​ The Company recognized net gains of $2.5 million and net losses of $6.8 million from its trading portfolio during the three months ended June 30, 2019 and 2018, respectively, and $10.7 million and $1.9 million during the six months ended June 30, 2019 and 2018, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $30.4 million and $0.4 million during the three months ended June 30, 2019 and 2018, respectively, and $55.7 million and $17.4 million during the six months ended June 30, 2019 and 2018, respectively. 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 $612.3 million and $612.3 million (with a fair value of $615.6 million and $600.0 million, respectively) at June 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 June 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 June 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	6 Months Ended
	Jun. 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 six months ended June 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Commercial real estate ​ $ 2,937,243 ​ $ 2,940,120 ​ Commercial and industrial ​ 1,448,221 ​ 1,508,451 ​ Construction and land development ​ 950,628 ​ 932,909 ​ 1-4 family residential ​ ​ 696,535 ​ 679,263 ​ Mortgage warehouse ​ 555,327 ​ 243,806 ​ Consumer ​ ​ 44,273 ​ 47,546 ​ Broker-dealer (1) ​ ​ 570,377 ​ 578,363 ​ ​ ​ 7,202,604 ​ 6,930,458 ​ Allowance for loan losses ​ (55,177) ​ (59,486) ​ Total loans held for investment, net of allowance ​ $ 7,147,427 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Carrying amount ​ $ 86,200 ​ $ 93,072 ​ Outstanding balance ​ 155,749 ​ 172,808 ​ ​ Changes in the accretable yield for PCI loans were as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 72,172 ​ $ 93,686 ​ $ 80,693 ​ $ 98,846 ​ Reclassifications from nonaccretable difference, net (1) ​ 4,909 ​ 3,136 ​ 5,443 ​ 10,265 ​ Disposals of loans ​ (337) ​ — ​ (703) ​ (98) ​ Accretion ​ (7,439) ​ (9,514) ​ (16,128) ​ (21,514) ​ Transfer of loans to OREO (2) ​ ​ — ​ ​ (656) ​ ​ — ​ (847) ​ Balance, end of period ​ $ 69,305 ​ $ 86,652 ​ $ 69,305 ​ $ 86,652 ​ (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 $59.6 million and $64.2 million at June 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 June 30, 2019 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 35,163 ​ $ 5,416 ​ $ 7,332 ​ $ 12,748 ​ $ 1,331 ​ Owner occupied ​ 28,977 ​ 6,965 ​ 5,636 ​ 12,601 ​ 639 ​ Commercial and industrial ​ ​ 25,825 ​ 4,767 ​ 1,141 ​ 5,908 ​ 29 ​ Construction and land development ​ 7,791 ​ 44 ​ 23 ​ 67 ​ 3 ​ 1-4 family residential ​ 96,746 ​ 1,623 ​ 53,249 ​ 54,872 ​ 1,987 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 1,895 ​ 4 ​ — ​ 4 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 196,397 ​ ​ 18,819 ​ ​ 67,381 ​ ​ 86,200 ​ ​ 3,989 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ 206 ​ ​ 199 ​ ​ — ​ ​ 199 ​ ​ — ​ Owner occupied ​ ​ 5,106 ​ ​ 3,943 ​ — ​ 3,943 ​ — ​ Commercial and industrial ​ ​ 26,210 ​ ​ 9,950 ​ 2,245 ​ 12,195 ​ 838 ​ Construction and land development ​ ​ 1,536 ​ ​ 919 ​ 492 ​ 1,411 ​ 12 ​ 1-4 family residential ​ ​ 10,460 ​ ​ 7,625 ​ — ​ 7,625 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 144 ​ ​ 34 ​ — ​ 34 ​ — ​ Broker-dealer ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ ​ 43,662 ​ ​ 22,670 ​ ​ 2,737 ​ ​ 25,407 ​ ​ 850 ​ ​ ​ $ 240,059 ​ $ 41,489 ​ $ 70,118 ​ $ 111,607 ​ $ 4,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ ​ ​ ​ Non-owner occupied ​ $ 13,097 ​ $ 30,245 ​ $ 13,018 ​ $ 31,998 ​ Owner occupied ​ 17,380 ​ 4,973 ​ 17,633 ​ 7,887 ​ Commercial and industrial ​ ​ 17,284 ​ ​ 24,056 ​ ​ 18,147 ​ 24,206 ​ Construction and land development ​ 1,619 ​ 1,673 ​ 2,594 ​ 1,768 ​ 1-4 family residential ​ 63,279 ​ — ​ 63,873 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ 41 ​ 54 ​ 45 ​ 116 ​ Broker-dealer ​ — ​ — ​ — ​ — ​ Covered ​ — ​ 83,471 ​ — ​ 86,763 ​ ​ ​ $ 112,700 ​ $ 144,472 ​ $ 115,310 ​ $ 152,738 ​ ​ Non-accrual loans, excluding those classified as held for sale, are summarized by class in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ Non-owner occupied ​ $ 1,333 ​ $ 1,226 ​ Owner occupied ​ 3,943 ​ 4,098 ​ Commercial and industrial ​ ​ 14,152 ​ 14,870 ​ Construction and land development ​ 1,413 ​ 3,278 ​ 1-4 family residential ​ 7,700 ​ 7,026 ​ Mortgage warehouse ​ ​ — ​ — ​ Consumer ​ 34 ​ 41 ​ Broker-dealer ​ — ​ — ​ ​ ​ $ 28,575 ​ $ 30,539 ​ ​ At June 30, 2019 and December 31, 2018, non-accrual loans included PCI loans of $4.4 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, $3.4 million of real estate loans secured by residential properties and classified as held for sale were in non-accrual status at both June 30, 2019 and December 31, 2018. ​ Interest income, including recoveries and cash payments, recorded on impaired loans was $0.3 million and $0.2 million during the three months ended June 30, 2019 and 2018, respectively, and $0.7 million and $0.4 million during the six months ended June 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 six months ended June 30, 2019, is shown in the following table (dollars in thousands). There were no TDRs granted during the three or six months ended June 30, 2018. At June 30, 2019 and December 31, 2018, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Six Months Ended June 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 ​ ​ 3 ​ 7,993 ​ 7,973 ​ 3 ​ 7,973 ​ 7,973 Construction and land development ​ ​ — ​ — ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ — ​ — ​ — ​ — ​ — Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ ​ — ​ — ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ — Covered ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ 3 $ 7,993 $ 7,973 3 $ 7,973 $ 7,973 ​ There were no TDRs granted during the twelve months preceding June 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 June 30, 2018, for which a payment was at least 30 days past due (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Preceding June 30, 2018 ​ ​ ​ Number of Balance at Balance at ​ ​ ​ ​ Loans ​ Extension ​ End of Period ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ ​ Owner occupied ​ 1 ​ ​ 3,294 ​ ​ 3,206 ​ ​ Commercial and industrial ​ — ​ ​ — ​ ​ — ​ ​ Construction and land development ​ — ​ ​ — ​ ​ — ​ ​ 1-4 family residential ​ — ​ ​ — ​ ​ — ​ ​ Mortgage warehouse ​ — ​ ​ — ​ ​ — ​ ​ Consumer ​ — ​ ​ — ​ ​ — ​ ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ Covered ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1 ​ $ 3,294 ​ $ 3,206 ​ ​ ​ 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 June 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 ​ $ 811 ​ $ 130 ​ $ 199 ​ $ 1,140 ​ $ 1,653,557 ​ $ 12,748 ​ $ 1,667,445 ​ $ — ​ Owner occupied ​ 1,526 ​ — ​ ​ 2,527 ​ 4,053 ​ 1,253,144 ​ 12,601 ​ ​ 1,269,798 ​ ​ — ​ Commercial and industrial ​ ​ 3,604 ​ 5,257 ​ ​ 1,055 ​ 9,916 ​ 1,432,397 ​ 5,908 ​ ​ 1,448,221 ​ ​ 10 ​ Construction and land development ​ 2,719 ​ 839 ​ ​ — ​ 3,558 ​ 947,003 ​ 67 ​ ​ 950,628 ​ ​ — ​ 1-4 family residential ​ 4,444 ​ 1,257 ​ ​ 2,856 ​ 8,557 ​ 633,106 ​ 54,872 ​ ​ 696,535 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ 39 ​ ​ — ​ 39 ​ 555,288 ​ — ​ ​ 555,327 ​ ​ — ​ Consumer ​ 188 ​ — ​ ​ — ​ 188 ​ 44,081 ​ 4 ​ ​ 44,273 ​ ​ — ​ Broker-dealer ​ — ​ — ​ ​ — ​ — ​ 570,377 ​ — ​ ​ 570,377 ​ ​ — ​ ​ ​ $ 13,292 ​ $ 7,522 ​ $ 6,637 ​ $ 27,451 ​ $ 7,088,953 ​ $ 86,200 ​ $ 7,202,604 ​ $ 10 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $77.4 million and $83.1 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $78.5 million and $84.0 million, respectively) that were 90 days past due and accruing interest at June 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,599,634 ​ $ 5,935 ​ $ 49,128 ​ $ 12,748 ​ $ 1,667,445 ​ Owner occupied ​ 1,222,925 ​ ​ — ​ ​ 34,272 ​ ​ 12,601 ​ ​ 1,269,798 ​ Commercial and industrial ​ ​ 1,383,938 ​ ​ 447 ​ ​ 57,928 ​ ​ 5,908 ​ ​ 1,448,221 ​ Construction and land development ​ 948,148 ​ ​ — ​ ​ 2,413 ​ ​ 67 ​ ​ 950,628 ​ 1-4 family residential ​ 623,710 ​ ​ 371 ​ ​ 17,582 ​ ​ 54,872 ​ ​ 696,535 ​ Mortgage warehouse ​ ​ 555,327 ​ ​ — ​ ​ — ​ ​ — ​ ​ 555,327 ​ Consumer ​ 44,188 ​ ​ — ​ ​ 81 ​ ​ 4 ​ ​ 44,273 ​ Broker-dealer ​ 570,377 ​ ​ — ​ ​ — ​ ​ — ​ ​ 570,377 ​ ​ ​ $ 6,948,247 ​ $ 6,753 ​ $ 161,404 ​ $ 86,200 ​ $ 7,202,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,845 ​ $ (1,731) ​ $ — ​ $ — ​ $ 25,114 ​ Commercial and industrial ​ 21,268 ​ 1,254 ​ (2,430) ​ 322 ​ 20,414 ​ Construction and land development ​ 5,908 ​ (1,512) ​ — ​ — ​ 4,396 ​ 1-4 family residential ​ 4,331 ​ 1,447 ​ (871) ​ 17 ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 409 ​ (128) ​ (10) ​ 12 ​ 283 ​ Broker-dealer ​ ​ 48 ​ (2) ​ — ​ — ​ 46 ​ Total ​ $ 58,809 ​ $ (672) ​ $ (3,311) ​ $ 351 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Six Months Ended June 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off loans ​ End of Period ​ Commercial real estate ​ $ 27,100 ​ $ (1,986) ​ $ — ​ $ — ​ $ 25,114 ​ Commercial and industrial ​ 21,980 ​ 1,712 ​ ​ (4,248) ​ ​ 970 ​ ​ 20,414 ​ Construction and land development ​ 6,061 ​ (1,665) ​ ​ — ​ ​ — ​ ​ 4,396 ​ 1-4 family residential ​ 3,956 ​ 1,836 ​ ​ (899) ​ ​ 31 ​ ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 267 ​ 458 ​ ​ (464) ​ ​ 22 ​ ​ 283 ​ Broker-dealer ​ ​ 122 ​ (76) ​ ​ — ​ ​ — ​ ​ 46 ​ Total ​ $ 59,486 ​ $ 279 ​ $ (5,611) ​ $ 1,023 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended June 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 27,193 ​ $ (1,143) ​ $ (18) ​ $ — ​ $ 26,032 ​ Commercial and industrial ​ 23,269 ​ ​ 1,815 ​ ​ (2,233) ​ ​ 666 ​ ​ 23,517 ​ Construction and land development ​ 7,449 ​ ​ (178) ​ ​ — ​ ​ — ​ ​ 7,271 ​ 1-4 family residential ​ 2,107 ​ ​ 376 ​ ​ (6) ​ ​ 75 ​ ​ 2,552 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 276 ​ ​ (75) ​ ​ (30) ​ ​ 36 ​ ​ 207 ​ Broker-dealer ​ ​ 77 ​ ​ 340 ​ ​ — ​ ​ — ​ ​ 417 ​ Covered ​ ​ 2,823 ​ ​ (795) ​ ​ (57) ​ ​ 3 ​ ​ 1,974 ​ Total ​ $ 63,194 ​ $ 340 ​ $ (2,344) ​ $ 780 ​ $ 61,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Six Months Ended June 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,413 ​ $ (363) ​ $ (18) ​ $ — ​ $ 26,032 ​ Commercial and industrial ​ 23,674 ​ ​ 119 ​ ​ (3,416) ​ ​ 3,140 ​ ​ 23,517 ​ Construction and land development ​ 7,844 ​ ​ (573) ​ ​ — ​ ​ — ​ ​ 7,271 ​ 1-4 family residential ​ 2,362 ​ ​ 99 ​ ​ (12) ​ ​ 103 ​ ​ 2,552 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 311 ​ ​ (109) ​ ​ (43) ​ ​ 48 ​ ​ 207 ​ Broker-dealer ​ ​ 353 ​ ​ 64 ​ ​ — ​ ​ — ​ ​ 417 ​ Covered ​ ​ 2,729 ​ ​ (704) ​ ​ (57) ​ ​ 6 ​ ​ 1,974 ​ Total ​ $ 63,686 ​ $ (1,467) ​ $ (3,546) ​ $ 3,297 ​ $ 61,970 ​ ​ 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 ​ ​ ​ June 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 3,559 ​ $ 2,908,335 ​ $ 25,349 ​ $ 2,937,243 Commercial and industrial ​ 11,362 ​ 1,430,951 ​ 5,908 ​ 1,448,221 Construction and land development ​ 1,317 ​ 949,244 ​ 67 ​ 950,628 1-4 family residential ​ ​ 608 ​ 641,055 ​ 54,872 ​ 696,535 Mortgage warehouse ​ ​ — ​ 555,327 ​ — ​ 555,327 Consumer ​ ​ — ​ 44,269 ​ 4 ​ 44,273 Broker-dealer ​ ​ — ​ 570,377 ​ — ​ 570,377 Total ​ $ 16,846 ​ $ 7,099,558 ​ $ 86,200 ​ $ 7,202,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ June 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ — ​ $ 23,144 ​ $ 1,970 ​ $ 25,114 ​ Commercial and industrial ​ 838 ​ 19,547 ​ 29 ​ 20,414 ​ Construction and land development ​ 12 ​ 4,381 ​ 3 ​ 4,396 ​ 1-4 family residential ​ ​ — ​ 2,937 ​ 1,987 ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 283 ​ — ​ 283 ​ Broker-dealer ​ ​ — ​ 46 ​ — ​ 46 ​ Total ​ $ 850 ​ $ 50,338 ​ $ 3,989 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	6 Months Ended
	Jun. 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 June 30, Six Months Ended June 30, ​ 2019 ​ 2018 2019 ​ 2018 Balance, beginning of period $ 62,049 ​ $ 63,957 ​ $ 66,102 ​ $ 54,714 ​ Additions 2,547 ​ 3,068 ​ 4,408 ​ 9,729 ​ Sales — ​ (9,303) ​ — ​ (9,303) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (8,739) ​ 1,032 ​ (13,772) ​ 4,673 ​ Due to customer payoffs (2,162) ​ (1,381) ​ (3,043) ​ (2,440) ​ Balance, end of period $ 53,695 ​ $ 57,373 ​ $ 53,695 ​ $ 57,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Mortgage loans serviced for others $ 5,027,953 ​ $ 5,086,461 ​ ​ ​ ​ ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.07 % 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Weighted average constant prepayment rate 13.67 % ​ 10.51 % ​ Weighted average discount rate 11.12 % ​ 11.11 % ​ Weighted average life (in years) 5.8 ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,097) ​ $ (2,512) ​ Impact of 20% adverse change ​ (5,977) ​ (4,980) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (1,988) ​ (2,677) ​ Impact of 20% adverse change ​ (3,826) ​ (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 $6.6 million and $6.1 million during the three months ended June 30, 2019 and 2018, respectively, and $12.9 million and $11.8 million during the six months ended June 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	6 Months Ended
	Jun. 30, 2019
Deposits
Deposits	8. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 ​ Noninterest-bearing demand ​ $ 2,598,253 ​ $ 2,560,750 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ NOW accounts ​ 1,495,785 ​ 1,358,196 ​ Money market ​ 2,428,191 ​ 2,725,541 ​ Brokered - money market ​ 5,000 ​ 5,000 ​ Demand ​ 325,105 ​ 393,685 ​ Savings ​ 180,747 ​ 184,700 ​ Time ​ 1,429,998 ​ 1,308,284 ​ ​ ​ $ 8,463,079 ​ $ 8,536,156 ​ ​

Short-term Borrowings

Short-term Borrowings	6 Months Ended
	Jun. 30, 2019
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Federal funds purchased ​ $ 124,050 ​ $ 100,100 ​ Securities sold under agreements to repurchase ​ 508,843 ​ 576,707 ​ Federal Home Loan Bank ​ 475,000 ​ 200,000 ​ Short-term bank loans ​ 231,000 ​ 189,000 ​ ​ ​ $ 1,338,893 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ Average balance during the period ​ $ 621,268 ​ $ 721,167 ​ ​ ​ ​ Average interest rate during the period ​ 2.54 % ​ 1.63 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ 2019 2018 ​ ​ ​ ​ Average interest rate at end of period ​ 2.57 % ​ 2.43 % ​ ​ ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 516,067 ​ $ 587,609 ​ ​ ​ ​ Estimated fair value ​ $ 554,160 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Average balance during the period ​ $ 159,945 ​ $ 117,956 ​ ​ Average interest rate during the period ​ ​ 2.47 % ​ 1.91 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ ​ ​ 2019 ​ ​ 2018 ​ ​ Average interest rate at end of period ​ ​ 2.32 % ​ 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 June 30, 2019 and December 31, 2018 was 3.28% and 3.35%, respectively.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2019
Notes Payable
Notes Payable	10. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Senior Notes due April 2025, net of discount of $1,313 and $1,393, respectively ​ $ 148,687 ​ $ 148,607 FHLB notes, including premium of $179 and $222, respectively, with maturities ranging from September 2020 to June 2030 ​ 4,037 ​ 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 ​ ​ 51,699 ​ ​ 48,374 ​ ​ $ 231,923 ​ $ 228,872 ​

Leases

Leases	6 Months Ended
	Jun. 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). ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2019 Finance leases: ​ ​ ​ Premises and equipment ​ $ 7,780 Accumulated depreciation ​ ​ (3,883) Premises and equipment, net ​ $ 3,897 ​ 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 ​ Six Months Ended ​ ​ ​ June 30, 2019 ​ June 30, 2019 ​ Operating lease cost ​ $ 10,599 ​ $ 21,130 ​ Less operating lease and sublease income ​ ​ (663) ​ ​ (1,050) ​ Net operating lease cost ​ $ 9,936 ​ $ 20,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of lease assets ​ $ 147 ​ $ 295 ​ Interest on lease liabilities ​ ​ 150 ​ ​ 302 ​ Total finance lease cost ​ $ 297 ​ $ 597 ​ ​ Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ ​ June 30, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 19,810 ​ Operating cash flows from finance leases ​ ​ 302 ​ Financing cash flows from finance leases ​ ​ 290 ​ Right-of-use assets obtained in exchange for new lease obligations: ​ ​ ​ ​ Operating leases ​ $ 24,188 ​ Finance leases ​ ​ — ​ ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ Weighted Average ​ Weighted Average Lease Classification Remaining Lease Term (Years) ​ Discount Rate Operating 5.9 ​ 5.35 % ​ Finance 7.0 ​ 4.78 % ​ ​ ​ ​ ​ ​ ​ ​ Future minimum lease payments under the Leasing Standard as of June 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 $ 18,039 ​ $ 595 2020 ​ 32,798 ​ ​ 1,197 2021 ​ 27,089 ​ ​ 1,212 2022 ​ 21,209 ​ ​ 1,241 2023 ​ 17,077 ​ ​ 1,280 Thereafter ​ 41,660 ​ ​ 3,460 Total minimum lease payments $ 157,872 ​ $ 8,985 Less amount representing interest ​ (25,122) ​ ​ (3,189) Lease liabilities $ 132,750 ​ $ 5,796 ​ As of June 30, 2019, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.6 million. These operating leases are expected to commence between July 2019 and September 2019 with lease terms ranging from two to five years. ​ A related party is the lessor in an operating lease with the Bank. The Bank’s minimum payment under the lease is $0.5 million annually through 2028, for an aggregate remaining obligation of $4.6 million at June 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	6 Months Ended
	Jun. 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 23.1% and 24.3% for the three months ended June 30, 2019 and 2018, respectively, and 22.9% and 23.9% for the six months ended June 30, 2019 and 2018, respectively, and approximated the applicable statutory rates for such periods. ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 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 both June 30, 2019 and December 31, 2018, the mortgage origination segment’s indemnification liability reserve totaled $10.8 million and $10.7 million, respectively. The provision for indemnification losses was $0.8 million and $1.0 million during the three months ended June 30, 2019 and 2018, respectively, and $1.3 million and $1.7 million during the six months ended June 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period ​ $ 30,112 ​ $ 32,321 ​ $ 33,784 ​ $ 33,702 ​ Claims made ​ 6,504 ​ 5,361 ​ 9,686 ​ 12,350 ​ Claims resolved with no payment ​ (1,579) ​ (5,892) ​ (7,266) ​ (11,753) ​ Repurchases ​ (1,478) ​ (1,245) ​ (2,645) ​ (3,334) ​ Indemnification payments ​ (485) ​ — ​ (485) ​ (420) ​ Balance, end of period ​ $ 33,074 ​ $ 30,545 ​ $ 33,074 ​ $ 30,545 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity (1) ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 10,721 ​ $ 23,332 ​ $ 10,701 ​ $ 23,472 ​ Additions for new sales ​ 792 ​ 1,014 ​ 1,281 ​ 1,743 ​ Repurchases ​ (127) ​ (85) ​ (209) ​ (245) ​ Early payment defaults ​ (97) ​ (41) ​ (239) ​ (188) ​ Indemnification payments ​ (92) ​ (4) ​ (95) ​ (121) ​ Change in reserves for loans sold in prior years ​ (364) ​ (306) ​ (606) ​ (751) ​ Balance, end of period ​ $ 10,833 ​ $ 23,910 ​ $ 10,833 ​ $ 23,910 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 732 ​ $ 676 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 10,101 ​ 10,025 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 10,833 ​ $ 10,701 ​ ​ ​ ​ ​ ​ ​ (1) The Reserve for Indemnification Liability at June 30, 2018 reflected $10.2 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 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	6 Months Ended
	Jun. 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 $2.3 billion at June 30, 2019 and outstanding financial and performance standby letters of credit of $92.4 million at June 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	6 Months Ended
	Jun. 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 June 30, 2019, 680,623 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 $2.5 million during both the three months ended June 30, 2019 and 2018, and $5.0 million and $4.8 million during the six months ended June 30, 2019 and 2018, respectively. ​ During the six months ended June 30, 2019 and 2018, Hilltop granted 14,895 and 10,024 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 six months ended June 30, 2019 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 578 ​ $ 19.18 ​ Vested/Released ​ (456) ​ $ 17.70 ​ Forfeited ​ (28) ​ $ 25.78 Balance, June 30, 2019 ​ 1,364 ​ $ 22.58 ​ Vested/Released RSUs include an aggregate of 90,867 shares withheld to satisfy employee statutory tax obligations during the six months ended June 30, 2019. Pursuant to certain RSU award agreements, an aggregate of 17,692 vested RSUs at June 30, 2019 require deferral of the settlement in shares and statutory tax obligations to a future date. ​ During the six months ended June 30, 2019, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 570,361 RSUs pursuant to the 2012 Plan. Of the RSUs granted during the six months ended June 30, 2019, 479,112 that were outstanding at June 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 six months ended June 30, 2019, 91,249 that were outstanding at June 30, 2019, provide for cliff vesting based upon the achievement of certain performance goals over a three-year period. ​ At June 30, 2019, in the aggregate, 1,126,126 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 June 30, 2019, unrecognized compensation expense related to outstanding RSUs of $17.7 million is expected to be recognized over a weighted average period of 1.87 years.

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,235,458 12.53 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,747,412 13.00 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,235,458 13.84 % 7.0 % 7.0 % 6.5 % Hilltop ​ ​ 1,700,823 16.32 % 7.0 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,235,458 13.84 % 8.5 % 8.5 % 8.0 % Hilltop ​ 1,747,412 16.77 % 8.5 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,292,852 14.48 % 10.5 % 10.5 % 10.0 % Hilltop ​ 1,786,441 17.14 % 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 June 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 ​ $ 225,288 ​ $ 3,072 ​ Less: required net capital ​ ​ 9,971 ​ ​ 250 ​ Excess net capital ​ $ 215,317 ​ $ 2,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 45.2 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 200,359 ​ ​ ​ ​ ​ 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 June 30, 2019 and December 31, 2018, the Hilltop Broker-Dealers held cash of $151.3 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 June 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 June 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Statutory capital and surplus: ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 58,905 ​ $ 78,637 ​ American Summit Insurance Company ​ 19,041 ​ 17,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2019 2018 2019 2018 Statutory net income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ (3,826) ​ $ (2,633) ​ $ (409) ​ $ 1,134 ​ American Summit Insurance Company ​ 299 ​ 394 ​ 716 ​ 1,283 ​ ​ 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 June 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 June 30, 2019, the Company's insurance subsidiaries' RBC ratio exceeded the level at which regulatory action would be required.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity ​ Dividends ​ During the six months ended June 30, 2019 and 2018, the Company declared and paid cash dividends of $0.16 and $0.14 per common share, or an aggregate of $15.0 million and $13.5 million, respectively. ​ On July 25, 2019, the Company announced that its board of directors declared a quarterly cash dividend of $0.08 per common share, payable on August 30, 2019, to all common stockholders of record as of the close of business on August 15, 2019. ​ Stock Repurchase Program ​ In January 2019, the Hilltop board of directors authorized a new stock repurchase program through January 2020, pursuant to which the Company is 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. ​ During the six months ended June 30, 2019, the Company paid $25.0 million to repurchase an aggregate of 1,214,843 shares of common stock at an average price of $20.54 per share. 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	6 Months Ended
	Jun. 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 both U.S. Treasury bond and Eurodollar futures to hedge changes in the fair value of their 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 complex 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 June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 2018 2019 2018 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (783) ​ $ (3,141) ​ $ 17,405 ​ $ 6,865 ​ Hilltop Broker-Dealers ​ ​ 12,581 ​ ​ 2,991 ​ ​ 10,774 ​ ​ (2,237) ​ Bank ​ ​ (85) ​ ​ 30 ​ ​ (146) ​ ​ 160 ​ ​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ December 31, 2018 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,530,535 ​ $ 33,584 ​ $ 677,267 ​ $ 17,421 Customer-based written options ​ 31,200 ​ (1) ​ 31,200 ​ (49) Customer-based purchased options ​ 31,200 ​ 1 ​ 31,200 ​ 49 Commitments to purchase MBSs ​ 3,323,653 ​ 21,730 ​ 2,359,630 ​ 10,467 Commitments to sell MBSs ​ ​ 5,583,795 ​ (21,406) ​ 3,711,477 ​ (19,315) Interest rate swaps ​ ​ 7,663 ​ (64) ​ 15,104 ​ 82 U.S. Treasury bond futures and options (1) ​ ​ 309,000 ​ — ​ 367,200 ​ — Eurodollar futures (1) ​ ​ 120,000 ​ — ​ 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 $18.8 million and $11.9 million to offset net liability derivative positions on its commitments to sell MBSs at June 30, 2019 and December 31, 2018, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers advanced cash collateral totaling $2.5 million and $3.4 million on U.S. Treasury bond futures and options and Eurodollar futures at June 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	6 Months Ended
	Jun. 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,569,362 ​ $ — ​ $ 1,569,362 ​ $ (1,517,772) ​ $ — ​ $ 51,590 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ ​ (50,575) ​ ​ — ​ ​ 85 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 21,732 ​ — ​ 21,732 ​ (21,732) ​ — ​ — ​ ​ $ 1,641,757 ​ $ — ​ $ 1,641,757 ​ $ (1,590,079) ​ $ — ​ $ 51,678 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,459,218 ​ $ — ​ $ 1,459,218 ​ $ (1,410,580) ​ $ — ​ $ 48,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 1 ​ — ​ 1 ​ — ​ — ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 66 ​ — ​ 66 ​ — ​ — ​ 66 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 488,042 ​ — ​ 488,042 ​ (488,042) ​ — ​ — Customer counterparties ​ 20,801 ​ — ​ 20,801 ​ (20,801) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 21,647 ​ (239) ​ 21,408 ​ (11,061) ​ — ​ 10,347 ​ ​ $ 1,989,775 ​ $ (239) ​ $ 1,989,536 ​ $ (1,930,484) ​ $ — ​ $ 59,052 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 June 30, 2019 and December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2019 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 38,670 ​ $ — ​ $ — ​ $ — ​ $ 38,670 Asset-backed securities ​ ​ 470,173 ​ ​ — ​ ​ — ​ ​ — ​ ​ 470,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,459,105 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,459,105 Total ​ $ 1,968,061 ​ $ — ​ $ — ​ $ — ​ $ 1,968,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,968,061 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	6 Months Ended
	Jun. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,569,362 ​ $ 1,365,547 ​ Securities failed to deliver ​ 24,310 ​ 16,300 ​ Trades in process of settlement ​ 96,247 ​ 32,993 ​ Other ​ 17,330 ​ 25,447 ​ ​ ​ $ 1,707,249 ​ $ 1,440,287 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,459,218 ​ $ 1,186,073 ​ Correspondents ​ 29,700 ​ 29,311 ​ Securities failed to receive ​ 37,562 ​ 75,015 ​ Other ​ 5,411 ​ 4,526 ​ ​ ​ $ 1,531,891 ​ $ 1,294,925 ​ ​

Reserve for Losses and Loss Adj

Reserve for Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Reserve for unpaid losses and allocated LAE balance, net ​ $ 20,189 ​ $ 16,498 ​ Reinsurance recoverables on unpaid losses ​ ​ 1,184 ​ ​ 3,214 ​ Unallocated LAE ​ ​ 894 ​ ​ 840 ​ Reserve for unpaid losses and LAE balance, gross ​ $ 22,267 ​ $ 20,552 ​ ​ A summary of claims loss reserve development activity is presented in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IBNR Reserves ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Plus Expected ​ Cumulative Accident ​ Six Months Ended June 30, 2019 ​ Development on ​ Number of Year ​ Paid Incurred Reported Claims Reported Claims 2016 ​ $ 83,452 ​ $ 83,961 ​ $ 295 ​ 20,092 2017 ​ ​ 86,913 ​ ​ 87,737 ​ ​ 538 ​ ​ 20,656 2018 ​ ​ 69,260 ​ ​ 74,593 ​ ​ 2,992 ​ ​ 15,164 2019 ​ 24,716 ​ 37,898 ​ 5,382 ​ 7,757 Total ​ $ 264,341 ​ $ 284,189 ​ ​ ​ ​ ​ ​ ​ ​ 341 ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ $ 20,189 ​ Reserve for unpaid losses and allocated LAE, net of reinsurance ​

Reinsurance Activity

Reinsurance Activity	6 Months Ended
	Jun. 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 June 30, 2019, total reinsurance recoverables and receivables had a carrying value of $1.7 million, which is included in other assets within the consolidated balance sheets. There was no allowance for uncollectible accounts at June 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 June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ Written Earned Written Earned Written Earned Written Earned Premiums from direct business ​ $ 35,562 ​ $ 31,727 ​ $ 35,801 ​ $ 33,372 ​ $ 66,352 ​ $ 63,463 ​ $ 68,886 ​ $ 66,740 ​ Reinsurance assumed ​ 3,622 ​ 3,256 ​ 3,567 ​ 3,111 ​ 6,751 ​ 6,448 ​ 6,609 ​ 6,111 ​ Reinsurance ceded ​ (1,517) ​ (1,517) ​ (2,335) ​ (2,378) ​ (3,242) ​ (3,242) ​ (4,345) ​ (4,431) ​ Net premiums ​ $ 37,667 ​ $ 33,466 ​ $ 37,033 ​ $ 34,105 ​ $ 69,861 ​ $ 66,669 ​ $ 71,150 ​ $ 68,420 ​ ​ ​ The effects of reinsurance on incurred losses and LAE are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 Losses and LAE incurred ​ $ 23,959 ​ $ 23,869 ​ $ 38,943 ​ $ 37,321 ​ Reinsurance recoverables ​ 1,022 ​ 540 ​ 964 ​ 2,620 ​ Net loss and LAE incurred ​ $ 24,981 ​ $ 24,409 ​ $ 39,907 ​ $ 39,941 ​ ​ Catastrophic coverage ​ At June 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: $17 million in excess of $8 million retention and/or loss; $30 million in excess of $25 million loss; and $50 million in excess of $55 million loss. NLIC and ASIC retain no participation in any of the layers, beyond the first $8 million and $2 million, respectively. At June 30, 2019, total retention for any one catastrophe that affects both NLIC and ASIC was limited to $8 million in the aggregate. ​ Effective July 1, 2019, NLC renewed its catastrophic excess of loss reinsurance coverage for a one-year period. Changes from the coverages described above were limited to the reinsurance in excess of $8 million now being comprised of the following 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. ​ 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	6 Months Ended
	Jun. 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 June 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 93,423 ​ $ 11,410 ​ $ (1,031) ​ $ 592 ​ $ (1,331) ​ $ 4,813 ​ $ 107,876 ​ Provision (recovery) for loan losses ​ (670) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (672) ​ Noninterest income ​ 10,742 ​ ​ 105,559 ​ ​ 164,548 ​ ​ 36,151 ​ ​ 665 ​ ​ (4,794) ​ 312,871 ​ Noninterest expense ​ 58,251 ​ 94,870 ​ 141,721 ​ ​ 39,589 ​ ​ 9,274 ​ ​ (28) ​ 343,677 ​ Income (loss) before income taxes ​ $ 46,584 ​ $ 22,101 ​ $ 21,796 ​ $ (2,846) ​ $ (9,940) ​ $ 47 ​ $ 77,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ Six Months Ended June 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated ​ Net interest income (expense) ​ $ 186,113 ​ $ 24,260 ​ $ (1,499) ​ $ 1,236 ​ $ (2,661) ​ $ 9,358 ​ $ 216,807 ​ Provision (recovery) for loan losses ​ 355 ​ (76) ​ — ​ — ​ — ​ — ​ 279 ​ Noninterest income ​ 21,362 ​ 196,865 ​ 282,580 ​ 72,643 ​ 1,390 ​ (9,501) ​ 565,339 ​ Noninterest expense ​ 118,977 ​ 182,677 ​ 256,398 ​ 69,926 ​ 24,836 ​ (52) ​ 652,762 ​ Income (loss) before income taxes ​ $ 88,143 ​ $ 38,524 ​ $ 24,683 ​ $ 3,953 ​ $ (26,107) ​ $ (91) ​ $ 129,105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended June 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 87,958 ​ $ 12,890 ​ $ 704 ​ $ 793 ​ $ (2,482) ​ $ 4,985 ​ $ 104,848 ​ Provision for loan losses ​ — ​ ​ 340 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 340 ​ Noninterest income ​ 10,644 ​ ​ 73,589 ​ ​ 162,759 ​ ​ 36,546 ​ ​ 1,436 ​ ​ (5,540) ​ 279,434 ​ Noninterest expense ​ 65,542 ​ 77,967 ​ 150,026 ​ ​ 39,712 ​ ​ 5,340 ​ ​ (70) ​ 338,517 ​ Income (loss) before income taxes ​ $ 33,060 ​ $ 8,172 ​ $ 13,437 ​ $ (2,373) ​ $ (6,386) ​ $ (485) ​ $ 45,425 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Six Months Ended June 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 174,596 ​ $ 25,441 ​ $ 1,645 ​ $ 1,580 ​ $ (4,573) ​ $ 9,579 ​ $ 208,268 ​ Provision (recovery) for loan losses ​ (1,531) ​ 64 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (1,467) ​ Noninterest income ​ 20,823 ​ 142,135 ​ ​ 289,862 ​ ​ 71,564 ​ ​ 724 ​ ​ (10,531) ​ 514,577 ​ Noninterest expense ​ 124,913 ​ 155,743 ​ ​ 280,729 ​ ​ 70,725 ​ ​ 14,743 ​ ​ (134) ​ 646,719 ​ Income (loss) before income taxes ​ $ 72,037 ​ $ 11,769 ​ $ 10,778 ​ $ 2,419 ​ $ (18,592) ​ $ (818) ​ $ 77,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,411,934 ​ $ 3,345,345 ​ $ 1,876,091 ​ $ 252,848 ​ $ 2,333,835 ​ $ (3,954,183) ​ $ 14,265,870 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	6 Months Ended
	Jun. 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 six months ended June 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 six months ended June 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings available to Hilltop common stockholders ​ $ 57,811 ​ $ 33,080 ​ $ 96,597 ​ $ 57,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 93,399 ​ 95,270 ​ 93,533 ​ 95,625 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.62 ​ $ 0.35 ​ $ 1.03 ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 57,811 ​ $ 33,080 ​ $ 96,597 ​ $ 57,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 93,399 ​ 95,270 ​ 93,533 ​ 95,625 ​ Effect of potentially dilutive securities ​ 19 ​ ​ 88 ​ 1 ​ 102 ​ Weighted average shares outstanding - diluted ​ 93,418 ​ 95,358 ​ 93,534 ​ 95,727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.62 ​ $ 0.35 ​ $ 1.03 ​ $ 0.60 ​ ​

Schedule I - Insurance Incurred

Schedule I - Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance	6 Months Ended
	Jun. 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 ​ June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Incurred ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ But Not ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reported ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserves Plus ​ Cumulative ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Development ​ Number of Accident ​ June 30, 2019 ​ On Reported ​ Reported Year ​ 2016 ​ 2017 ​ 2018 ​ 2019 Claims Claims 2016 ​ $ 84,771 ​ $ 85,189 ​ $ 84,076 ​ $ 83,961 ​ $ 295 ​ 20,092 2017 ​ ​ ​ ​ ​ 87,899 ​ ​ 88,025 ​ ​ 87,737 ​ ​ 538 ​ 20,656 2018 ​ ​ ​ ​ ​ ​ ​ ​ 75,217 ​ ​ 74,593 ​ ​ 2,992 ​ 15,164 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 37,898 ​ 5,382 ​ 7,757 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 284,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance ​ ​ ​ ​ ​ Accident ​ June 30, 2019 ​ ​ ​ ​ ​ Year ​ 2016 ​ 2017 ​ 2018 ​ 2019 ​ ​ ​ ​ ​ 2016 ​ $ 71,543 ​ $ 81,682 ​ $ 83,169 ​ $ 83,452 ​ ​ ​ ​ ​ 2017 ​ ​ ​ ​ ​ 77,675 ​ ​ 86,319 ​ ​ 86,913 ​ ​ ​ ​ ​ 2018 ​ ​ ​ ​ ​ ​ ​ ​ 61,922 ​ ​ 69,260 ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 24,716 ​ ​ ​ ​ ​ Total ​ $ 264,341 ​ ​ ​ ​ ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ 341 ​ ​ ​ ​ ​ Reserve for unpaid losses and allocated loss adjustment expenses, net of reinsurance ​ $ 20,189 ​ ​ ​ ​ ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	6 Months Ended
	Jun. 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. As previously disclosed, the quarterly report on Form 10-Q for the period ended June 30, 2018, filed with the SEC on July 26, 2018, incorrectly included the change in assets segregated for regulatory purposes in the operating section of the statements of cash flows. Previously disclosed net changes in assets segregated for regulatory purposes of $58.2 million for the six months ended June 30, 2018, should have been excluded from the cash flows from operating activities and the beginning-of-period and end-of-period balances of assets segregated for regulatory purposes are included in total cash, cash equivalents and restricted cash in accordance with Accounting Standards Update (“ASU”) 2016-18. Accordingly, net cash used in operating activities for the six months ended June 30, 2018, originally reported as $(261.2) million, is $(319.4) million. 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)	6 Months Ended
	Jun. 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)	6 Months Ended
	Jun. 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 June 30, 2019 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 5,204 ​ $ 596,320 ​ $ — ​ $ 601,524 ​ Available for sale securities ​ ​ — ​ ​ 1,009,924 ​ ​ — ​ ​ 1,009,924 ​ Equity securities ​ ​ 19,592 ​ ​ — ​ ​ — ​ ​ 19,592 ​ Loans held for sale ​ ​ — ​ ​ 1,418,277 ​ ​ 56,799 ​ ​ 1,475,076 ​ Derivative assets ​ ​ — ​ ​ 72,783 ​ ​ — ​ ​ 72,783 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 53,695 ​ ​ 53,695 ​ Securities sold, not yet purchased ​ ​ 14,897 ​ ​ 30,550 ​ ​ — ​ ​ 45,447 ​ Derivative liabilities ​ ​ — ​ ​ 38,939 ​ ​ — ​ ​ 38,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 57,844 ​ $ 14,053 ​ $ (11,108) ​ $ (612) ​ $ (3,378) ​ $ — ​ $ 56,799 ​ MSR asset ​ 62,049 ​ ​ 2,547 ​ ​ — ​ ​ — ​ ​ (10,901) ​ ​ — ​ 53,695 ​ Total ​ $ 119,893 ​ $ 16,600 ​ $ (11,108) ​ $ (612) ​ $ (14,279) ​ $ — ​ $ 110,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 29,480 ​ $ (18,084) ​ $ 425 ​ $ (5,486) ​ $ — ​ $ 56,799 ​ MSR asset ​ ​ 66,102 ​ ​ 4,408 ​ ​ — ​ ​ — ​ ​ (16,815) ​ ​ — ​ ​ 53,695 ​ Total ​ $ 116,566 ​ $ 33,888 ​ $ (18,084) ​ $ 425 ​ $ (22,301) ​ $ — ​ $ 110,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 43,483 ​ $ 8,071 ​ $ (8,538) ​ ​ — ​ $ (2,235) ​ $ — ​ $ 40,781 ​ MSR asset ​ ​ 63,957 ​ ​ 3,068 ​ ​ (9,303) ​ ​ — ​ ​ (349) ​ ​ — ​ ​ 57,373 ​ Total ​ $ 107,440 ​ $ 11,139 ​ $ (17,841) ​ $ — ​ $ (2,584) ​ $ — ​ $ 98,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 36,972 ​ $ 20,550 ​ $ (12,513) ​ ​ — ​ $ (4,228) ​ $ — ​ $ 40,781 ​ MSR asset ​ ​ 54,714 ​ ​ 9,729 ​ ​ (9,303) ​ ​ — ​ ​ 2,233 ​ ​ — ​ ​ 57,373 ​ Total ​ $ 91,686 ​ $ 30,279 ​ $ (21,816) ​ $ — ​ $ (1,995) ​ $ — ​ $ 98,154 ​ ​
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Financial instrument Valuation Technique Unobservable Inputs 2019 ​ 2018 Loans ​ Discounted ​ Projected price ​ 89 - 96 % ( 95 %) ​ 95 - 96 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ 13.67 % ​ ​ ​ ​ ​ 10.51 % ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ 11.12 % ​ ​ ​ ​ ​ 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 June 30, 2019 ​ Three Months Ended June 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 ​ $ 17,179 ​ $ — ​ $ 17,179 ​ $ 22,604 ​ $ — ​ $ 22,604 ​ MSR asset ​ (10,901) ​ — ​ (10,901) ​ (349) ​ — ​ (349) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2019 ​ Six Months Ended June 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 ​ $ 3,855 ​ $ — ​ $ 3,855 ​ $ 7,724 ​ $ — ​ $ 7,724 ​ MSR asset ​ (16,815) ​ — ​ (16,815) ​ 2,233 ​ — ​ 2,233 ​ ​
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 ​ June 30, 2019 Merger Transaction Merger Acquisition ​ Weighted average default rate ​ 84 % 30 % 71 % 59 % Weighted average loss severity rate ​ 59 % 12 % 28 % 43 % Weighted average prepayment speed ​ 0 % 6 % 0 % 0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Resulting weighted average expected loss on PCI loans ​ 49 % 4 % 20 % 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 June 30, ​ Six Months Ended June 30, June 30, 2019 Inputs Inputs Inputs Fair Value 2019 2018 2019 2018 Impaired loans held for investment ​ $ — ​ $ — ​ $ 65,660 ​ $ 65,660 ​ $ (1,295) ​ $ (602) ​ $ (1,195) ​ $ (725) Other real estate owned ​ — ​ 12,885 ​ — ​ 12,885 ​ (119) ​ (694) ​ (613) ​ (1,800) ​
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 ​ ​ June 30, 2019 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 342,522 ​ $ 342,522 ​ $ — ​ $ — ​ $ 342,522 ​ Assets segregated for regulatory purposes ​ ​ 151,271 ​ ​ 151,271 ​ ​ — ​ ​ — ​ ​ 151,271 ​ Securities purchased under agreements to resell ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ Held to maturity securities ​ ​ 365,905 ​ ​ — ​ ​ 368,546 ​ ​ — ​ ​ 368,546 ​ Loans held for sale ​ ​ 134,401 ​ ​ — ​ ​ 134,401 ​ ​ — ​ ​ 134,401 ​ Loans held for investment, net ​ ​ 7,147,427 ​ ​ — ​ ​ 570,377 ​ ​ 6,818,592 ​ ​ 7,388,969 ​ Broker-dealer and clearing organization receivables ​ 1,707,249 ​ — ​ 1,707,249 ​ — ​ 1,707,249 ​ Other assets ​ 71,833 ​ — ​ 70,724 ​ 1,109 ​ 71,833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 8,463,079 ​ — ​ 8,464,697 ​ — ​ 8,464,697 ​ Broker-dealer and clearing organization payables ​ 1,531,891 ​ — ​ 1,531,891 ​ — ​ 1,531,891 ​ Short-term borrowings ​ 1,338,893 ​ — ​ 1,338,893 ​ — ​ 1,338,893 ​ Debt ​ 298,935 ​ — ​ 296,724 ​ — ​ 296,724 ​ Other liabilities ​ 5,640 ​ — ​ 5,640 ​ — ​ 5,640 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period $ 20,477 $ 21,906 ​ $ 20,376 $ 22,946 Additional investments ​ ​ — ​ ​ 1,411 ​ ​ — ​ ​ 1,411 Upward adjustments ​ ​ 101 ​ ​ 2,836 ​ ​ 202 ​ ​ 3,108 Impairments and downward adjustments ​ ​ (672) ​ ​ (2) ​ ​ (672) ​ ​ (1,314) Dispositions ​ — ​ — ​ — ​ — Balance, end of period ​ $ 19,906 ​ $ 26,151 ​ $ 19,906 ​ $ 26,151

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2019 2018 U.S. Treasury securities $ 5,203 $ 7,945 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 6,194 ​ ​ 1,494 ​ ​ Residential mortgage-backed securities ​ 246,943 ​ 309,455 ​ ​ Commercial mortgage-backed securities ​ 2,204 ​ 4,239 ​ ​ Collateralized mortgage obligations ​ ​ 149,449 ​ ​ 206,813 ​ ​ Corporate debt securities ​ ​ 54,729 ​ ​ 59,293 ​ ​ States and political subdivisions ​ ​ 116,202 ​ ​ 126,748 ​ ​ Unit investment trusts ​ ​ 15,919 ​ ​ 19,913 ​ ​ Private-label securitized product ​ ​ 1,267 ​ ​ 5,680 ​ ​ Other ​ ​ 3,414 ​ ​ 3,886 ​ ​ Totals ​ $ 601,524 ​ $ 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 ​ ​ ​ June 30, 2019 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 10,559 ​ $ 197 ​ $ (11) ​ $ 10,745 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ 85,311 ​ 1,210 ​ (14) ​ 86,507 ​ Residential mortgage-backed securities ​ 467,661 ​ 5,925 ​ (1,453) ​ 472,133 ​ Commercial mortgage-backed securities ​ ​ 11,595 ​ 540 ​ — ​ 12,135 ​ Collateralized mortgage obligations ​ 333,415 ​ 3,061 ​ (2,206) ​ 334,270 ​ Corporate debt securities ​ 47,824 ​ 1,710 ​ — ​ 49,534 ​ States and political subdivisions ​ 43,433 ​ 1,170 ​ (3) ​ 44,600 ​ Totals ​ $ 999,798 ​ $ 13,813 ​ $ (3,687) ​ $ 1,009,924 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ June 30, 2019 Cost Gains Losses Fair Value U.S. Treasury securities $ 9,961 $ 19 $ — $ 9,980 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 39,019 ​ ​ — ​ ​ (71) ​ ​ 38,948 ​ Residential mortgage-backed securities ​ 20,031 ​ 203 ​ — ​ 20,234 ​ Commercial mortgage-backed securities ​ ​ 113,570 ​ 3,170 ​ (98) ​ 116,642 ​ Collateralized mortgage obligations ​ 130,326 ​ 300 ​ (1,271) ​ 129,355 ​ States and political subdivisions ​ 52,998 ​ 650 ​ (261) ​ 53,387 ​ Totals ​ $ 365,905 ​ $ 4,342 ​ $ (1,701) ​ $ 368,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, held to maturity and equity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 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 2 ​ $ 2,586 ​ $ 11 1 ​ $ 981 ​ $ 6 ​ Unrealized loss for twelve months or longer — ​ — ​ — 3 ​ 3,556 ​ 39 ​ ​ 2 ​ 2,586 ​ 11 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 ​ 9,986 ​ 14 3 ​ 30,472 ​ 428 ​ ​ 1 ​ ​ 9,986 ​ ​ 14 6 ​ 55,244 ​ 433 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 8,355 ​ 7 8 ​ 66,791 ​ 432 ​ Unrealized loss for twelve months or longer 16 ​ 106,815 ​ 1,445 27 ​ 194,228 ​ 6,530 ​ ​ 18 ​ ​ 115,170 ​ ​ 1,452 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 9 ​ 55,481 ​ 153 11 ​ 44,394 ​ 498 ​ Unrealized loss for twelve months or longer 24 ​ 106,528 ​ 2,054 28 ​ 140,483 ​ 4,938 ​ ​ 33 ​ ​ 162,009 ​ ​ 2,207 39 ​ 184,877 ​ 5,436 ​ Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ 3,009 ​ — 8 ​ 16,256 ​ 282 ​ Unrealized loss for twelve months or longer — ​ 2,407 ​ — 8 ​ 15,665 ​ 297 ​ ​ — ​ ​ 5,416 ​ ​ — 16 ​ 31,921 ​ 579 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 822 ​ — 29 ​ 8,590 ​ 27 ​ Unrealized loss for twelve months or longer 3 ​ 1,223 ​ 3 18 ​ 9,029 ​ 179 ​ ​ 4 ​ ​ 2,045 ​ ​ 3 47 ​ 17,619 ​ 206 ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 70,253 ​ 171 60 ​ 161,784 ​ 1,250 ​ Unrealized loss for twelve months or longer 44 ​ 226,959 ​ 3,516 88 ​ 398,386 ​ 12,531 ​ ​ 58 ​ $ 297,212 ​ $ 3,687 148 ​ $ 560,170 ​ $ 13,781 ​
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 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 — ​ $ — ​ $ — — ​ $ — ​ $ — ​ Unrealized loss for twelve months or longer 2 ​ 29,248 ​ 71 4 ​ 37,539 ​ 1,479 ​ ​ 2 ​ 29,248 ​ 71 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 1 ​ 1,601 ​ 17 1 ​ 4,973 ​ 27 ​ Unrealized loss for twelve months or longer 2 ​ 12,551 ​ 81 13 ​ 59,670 ​ 1,435 ​ ​ 3 ​ 14,152 ​ 98 14 ​ 64,643 ​ 1,462 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 1 ​ 2,051 ​ 26 ​ Unrealized loss for twelve months or longer 15 ​ 95,659 ​ 1,271 24 ​ 135,423 ​ 4,974 ​ ​ 15 ​ 95,659 ​ 1,271 25 ​ 137,474 ​ 5,000 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 9 ​ 6,431 ​ 56 ​ Unrealized loss for twelve months or longer 41 ​ 19,683 ​ 261 86 ​ 32,909 ​ 1,993 ​ ​ 41 ​ 19,683 ​ 261 95 ​ 39,340 ​ 2,049 ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ 1,601 ​ 17 12 ​ 21,866 ​ 198 ​ Unrealized loss for twelve months or longer 60 ​ 157,141 ​ 1,684 130 ​ 278,770 ​ 10,055 ​ ​ 61 ​ $ 158,742 ​ $ 1,701 142 ​ $ 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 June 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 ​ $ 39,783 ​ $ 39,797 ​ $ 11,356 ​ $ 11,376 ​ Due after one year through five years ​ 88,357 ​ 90,942 ​ 26,042 ​ 26,055 ​ Due after five years through ten years ​ 39,142 ​ 40,024 ​ 5,392 ​ 5,414 ​ Due after ten years ​ 19,845 ​ 20,623 ​ 59,188 ​ 59,470 ​ ​ ​ 187,127 ​ 191,386 ​ 101,978 ​ 102,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 467,661 ​ 472,133 ​ 20,031 ​ 20,234 ​ Collateralized mortgage obligations ​ 333,415 ​ 334,270 ​ 130,326 ​ 129,355 ​ Commercial mortgage-backed securities ​ 11,595 ​ 12,135 ​ 113,570 ​ 116,642 ​ ​ ​ $ 999,798 ​ $ 1,009,924 ​ $ 365,905 ​ $ 368,546 ​

Loans Held for Investment and_2

Loans Held for Investment and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Loans Held for Investment and Allowance for Loan Losses
Summary of non-covered loans by portfolio segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Commercial real estate ​ $ 2,937,243 ​ $ 2,940,120 ​ Commercial and industrial ​ 1,448,221 ​ 1,508,451 ​ Construction and land development ​ 950,628 ​ 932,909 ​ 1-4 family residential ​ ​ 696,535 ​ 679,263 ​ Mortgage warehouse ​ 555,327 ​ 243,806 ​ Consumer ​ ​ 44,273 ​ 47,546 ​ Broker-dealer (1) ​ ​ 570,377 ​ 578,363 ​ ​ ​ 7,202,604 ​ 6,930,458 ​ Allowance for loan losses ​ (55,177) ​ (59,486) ​ Total loans held for investment, net of allowance ​ $ 7,147,427 ​ $ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Carrying amount ​ $ 86,200 ​ $ 93,072 ​ Outstanding balance ​ 155,749 ​ 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 June 30, Six Months Ended June 30, ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 72,172 ​ $ 93,686 ​ $ 80,693 ​ $ 98,846 ​ Reclassifications from nonaccretable difference, net (1) ​ 4,909 ​ 3,136 ​ 5,443 ​ 10,265 ​ Disposals of loans ​ (337) ​ — ​ (703) ​ (98) ​ Accretion ​ (7,439) ​ (9,514) ​ (16,128) ​ (21,514) ​ Transfer of loans to OREO (2) ​ ​ — ​ ​ (656) ​ ​ — ​ (847) ​ Balance, end of period ​ $ 69,305 ​ $ 86,652 ​ $ 69,305 ​ $ 86,652 ​ (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 June 30, 2019 ​ Principal Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 35,163 ​ $ 5,416 ​ $ 7,332 ​ $ 12,748 ​ $ 1,331 ​ Owner occupied ​ 28,977 ​ 6,965 ​ 5,636 ​ 12,601 ​ 639 ​ Commercial and industrial ​ ​ 25,825 ​ 4,767 ​ 1,141 ​ 5,908 ​ 29 ​ Construction and land development ​ 7,791 ​ 44 ​ 23 ​ 67 ​ 3 ​ 1-4 family residential ​ 96,746 ​ 1,623 ​ 53,249 ​ 54,872 ​ 1,987 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ 1,895 ​ 4 ​ — ​ 4 ​ — ​ Broker-dealer ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ 196,397 ​ ​ 18,819 ​ ​ 67,381 ​ ​ 86,200 ​ ​ 3,989 ​ Non-PCI ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ 206 ​ ​ 199 ​ ​ — ​ ​ 199 ​ ​ — ​ Owner occupied ​ ​ 5,106 ​ ​ 3,943 ​ — ​ 3,943 ​ — ​ Commercial and industrial ​ ​ 26,210 ​ ​ 9,950 ​ 2,245 ​ 12,195 ​ 838 ​ Construction and land development ​ ​ 1,536 ​ ​ 919 ​ 492 ​ 1,411 ​ 12 ​ 1-4 family residential ​ ​ 10,460 ​ ​ 7,625 ​ — ​ 7,625 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 144 ​ ​ 34 ​ — ​ 34 ​ — ​ Broker-dealer ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ ​ 43,662 ​ ​ 22,670 ​ ​ 2,737 ​ ​ 25,407 ​ ​ 850 ​ ​ ​ $ 240,059 ​ $ 41,489 ​ $ 70,118 ​ $ 111,607 ​ $ 4,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ ​ ​ ​ Non-owner occupied ​ $ 13,097 ​ $ 30,245 ​ $ 13,018 ​ $ 31,998 ​ Owner occupied ​ 17,380 ​ 4,973 ​ 17,633 ​ 7,887 ​ Commercial and industrial ​ ​ 17,284 ​ ​ 24,056 ​ ​ 18,147 ​ 24,206 ​ Construction and land development ​ 1,619 ​ 1,673 ​ 2,594 ​ 1,768 ​ 1-4 family residential ​ 63,279 ​ — ​ 63,873 ​ — ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ 41 ​ 54 ​ 45 ​ 116 ​ Broker-dealer ​ — ​ — ​ — ​ — ​ Covered ​ — ​ 83,471 ​ — ​ 86,763 ​ ​ ​ $ 112,700 ​ $ 144,472 ​ $ 115,310 ​ $ 152,738 ​
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2019 ​ 2018 ​ Commercial real estate: ​ ​ Non-owner occupied ​ $ 1,333 ​ $ 1,226 ​ Owner occupied ​ 3,943 ​ 4,098 ​ Commercial and industrial ​ ​ 14,152 ​ 14,870 ​ Construction and land development ​ 1,413 ​ 3,278 ​ 1-4 family residential ​ 7,700 ​ 7,026 ​ Mortgage warehouse ​ ​ — ​ — ​ Consumer ​ 34 ​ 41 ​ Broker-dealer ​ — ​ — ​ ​ ​ $ 28,575 ​ $ 30,539 ​ ​
Schedule of information regarding TDRs granted	Information regarding TDRs granted during the three and six months ended June 30, 2019, is shown in the following table (dollars in thousands). There were no TDRs granted during the three or six months ended June 30, 2018. At June 30, 2019 and December 31, 2018, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Six Months Ended June 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 ​ ​ 3 ​ 7,993 ​ 7,973 ​ 3 ​ 7,973 ​ 7,973 Construction and land development ​ ​ — ​ — ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ — ​ — ​ — ​ — ​ — Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ ​ — ​ — ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ — ​ — ​ — ​ — ​ — Covered ​ ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ 3 $ 7,993 $ 7,973 3 $ 7,973 $ 7,973 ​ There were no TDRs granted during the twelve months preceding June 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 June 30, 2018, for which a payment was at least 30 days past due (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Preceding June 30, 2018 ​ ​ ​ Number of Balance at Balance at ​ ​ ​ ​ Loans ​ Extension ​ End of Period ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ ​ Owner occupied ​ 1 ​ ​ 3,294 ​ ​ 3,206 ​ ​ Commercial and industrial ​ — ​ ​ — ​ ​ — ​ ​ Construction and land development ​ — ​ ​ — ​ ​ — ​ ​ 1-4 family residential ​ — ​ ​ — ​ ​ — ​ ​ Mortgage warehouse ​ — ​ ​ — ​ ​ — ​ ​ Consumer ​ — ​ ​ — ​ ​ — ​ ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ Covered ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ 1 ​ $ 3,294 ​ $ 3,206 ​ ​ ​
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 June 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 ​ $ 811 ​ $ 130 ​ $ 199 ​ $ 1,140 ​ $ 1,653,557 ​ $ 12,748 ​ $ 1,667,445 ​ $ — ​ Owner occupied ​ 1,526 ​ — ​ ​ 2,527 ​ 4,053 ​ 1,253,144 ​ 12,601 ​ ​ 1,269,798 ​ ​ — ​ Commercial and industrial ​ ​ 3,604 ​ 5,257 ​ ​ 1,055 ​ 9,916 ​ 1,432,397 ​ 5,908 ​ ​ 1,448,221 ​ ​ 10 ​ Construction and land development ​ 2,719 ​ 839 ​ ​ — ​ 3,558 ​ 947,003 ​ 67 ​ ​ 950,628 ​ ​ — ​ 1-4 family residential ​ 4,444 ​ 1,257 ​ ​ 2,856 ​ 8,557 ​ 633,106 ​ 54,872 ​ ​ 696,535 ​ ​ — ​ Mortgage warehouse ​ ​ — ​ 39 ​ ​ — ​ 39 ​ 555,288 ​ — ​ ​ 555,327 ​ ​ — ​ Consumer ​ 188 ​ — ​ ​ — ​ 188 ​ 44,081 ​ 4 ​ ​ 44,273 ​ ​ — ​ Broker-dealer ​ — ​ — ​ ​ — ​ — ​ 570,377 ​ — ​ ​ 570,377 ​ ​ — ​ ​ ​ $ 13,292 ​ $ 7,522 ​ $ 6,637 ​ $ 27,451 ​ $ 7,088,953 ​ $ 86,200 ​ $ 7,202,604 ​ $ 10 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 Pass Special Mention Substandard PCI Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,599,634 ​ $ 5,935 ​ $ 49,128 ​ $ 12,748 ​ $ 1,667,445 ​ Owner occupied ​ 1,222,925 ​ ​ — ​ ​ 34,272 ​ ​ 12,601 ​ ​ 1,269,798 ​ Commercial and industrial ​ ​ 1,383,938 ​ ​ 447 ​ ​ 57,928 ​ ​ 5,908 ​ ​ 1,448,221 ​ Construction and land development ​ 948,148 ​ ​ — ​ ​ 2,413 ​ ​ 67 ​ ​ 950,628 ​ 1-4 family residential ​ 623,710 ​ ​ 371 ​ ​ 17,582 ​ ​ 54,872 ​ ​ 696,535 ​ Mortgage warehouse ​ ​ 555,327 ​ ​ — ​ ​ — ​ ​ — ​ ​ 555,327 ​ Consumer ​ 44,188 ​ ​ — ​ ​ 81 ​ ​ 4 ​ ​ 44,273 ​ Broker-dealer ​ 570,377 ​ ​ — ​ ​ — ​ ​ — ​ ​ 570,377 ​ ​ ​ $ 6,948,247 ​ $ 6,753 ​ $ 161,404 ​ $ 86,200 ​ $ 7,202,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,845 ​ $ (1,731) ​ $ — ​ $ — ​ $ 25,114 ​ Commercial and industrial ​ 21,268 ​ 1,254 ​ (2,430) ​ 322 ​ 20,414 ​ Construction and land development ​ 5,908 ​ (1,512) ​ — ​ — ​ 4,396 ​ 1-4 family residential ​ 4,331 ​ 1,447 ​ (871) ​ 17 ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ — ​ Consumer ​ ​ 409 ​ (128) ​ (10) ​ 12 ​ 283 ​ Broker-dealer ​ ​ 48 ​ (2) ​ — ​ — ​ 46 ​ Total ​ $ 58,809 ​ $ (672) ​ $ (3,311) ​ $ 351 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Six Months Ended June 30, 2019 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off loans ​ End of Period ​ Commercial real estate ​ $ 27,100 ​ $ (1,986) ​ $ — ​ $ — ​ $ 25,114 ​ Commercial and industrial ​ 21,980 ​ 1,712 ​ ​ (4,248) ​ ​ 970 ​ ​ 20,414 ​ Construction and land development ​ 6,061 ​ (1,665) ​ ​ — ​ ​ — ​ ​ 4,396 ​ 1-4 family residential ​ 3,956 ​ 1,836 ​ ​ (899) ​ ​ 31 ​ ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 267 ​ 458 ​ ​ (464) ​ ​ 22 ​ ​ 283 ​ Broker-dealer ​ ​ 122 ​ (76) ​ ​ — ​ ​ — ​ ​ 46 ​ Total ​ $ 59,486 ​ $ 279 ​ $ (5,611) ​ $ 1,023 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Three Months Ended June 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 27,193 ​ $ (1,143) ​ $ (18) ​ $ — ​ $ 26,032 ​ Commercial and industrial ​ 23,269 ​ ​ 1,815 ​ ​ (2,233) ​ ​ 666 ​ ​ 23,517 ​ Construction and land development ​ 7,449 ​ ​ (178) ​ ​ — ​ ​ — ​ ​ 7,271 ​ 1-4 family residential ​ 2,107 ​ ​ 376 ​ ​ (6) ​ ​ 75 ​ ​ 2,552 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 276 ​ ​ (75) ​ ​ (30) ​ ​ 36 ​ ​ 207 ​ Broker-dealer ​ ​ 77 ​ ​ 340 ​ ​ — ​ ​ — ​ ​ 417 ​ Covered ​ ​ 2,823 ​ ​ (795) ​ ​ (57) ​ ​ 3 ​ ​ 1,974 ​ Total ​ $ 63,194 ​ $ 340 ​ $ (2,344) ​ $ 780 ​ $ 61,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision (Recovery) Loans Recoveries on Balance, Six Months Ended June 30, 2018 ​ Beginning of Period ​ for Loan Losses ​ Charged Off ​ Charged Off Loans ​ End of Period ​ Commercial real estate ​ $ 26,413 ​ $ (363) ​ $ (18) ​ $ — ​ $ 26,032 ​ Commercial and industrial ​ 23,674 ​ ​ 119 ​ ​ (3,416) ​ ​ 3,140 ​ ​ 23,517 ​ Construction and land development ​ 7,844 ​ ​ (573) ​ ​ — ​ ​ — ​ ​ 7,271 ​ 1-4 family residential ​ 2,362 ​ ​ 99 ​ ​ (12) ​ ​ 103 ​ ​ 2,552 ​ Mortgage warehouse ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ ​ 311 ​ ​ (109) ​ ​ (43) ​ ​ 48 ​ ​ 207 ​ Broker-dealer ​ ​ 353 ​ ​ 64 ​ ​ — ​ ​ — ​ ​ 417 ​ Covered ​ ​ 2,729 ​ ​ (704) ​ ​ (57) ​ ​ 6 ​ ​ 1,974 ​ Total ​ $ 63,686 ​ $ (1,467) ​ $ (3,546) ​ $ 3,297 ​ $ 61,970 ​
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 ​ ​ ​ June 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total Commercial real estate ​ $ 3,559 ​ $ 2,908,335 ​ $ 25,349 ​ $ 2,937,243 Commercial and industrial ​ 11,362 ​ 1,430,951 ​ 5,908 ​ 1,448,221 Construction and land development ​ 1,317 ​ 949,244 ​ 67 ​ 950,628 1-4 family residential ​ ​ 608 ​ 641,055 ​ 54,872 ​ 696,535 Mortgage warehouse ​ ​ — ​ 555,327 ​ — ​ 555,327 Consumer ​ ​ — ​ 44,269 ​ 4 ​ 44,273 Broker-dealer ​ ​ — ​ 570,377 ​ — ​ 570,377 Total ​ $ 16,846 ​ $ 7,099,558 ​ $ 86,200 ​ $ 7,202,604 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ June 30, 2019 ​ Impairment ​ Impairment ​ Loans ​ ​ Total ​ Commercial real estate ​ $ — ​ $ 23,144 ​ $ 1,970 ​ $ 25,114 ​ Commercial and industrial ​ 838 ​ 19,547 ​ 29 ​ 20,414 ​ Construction and land development ​ 12 ​ 4,381 ​ 3 ​ 4,396 ​ 1-4 family residential ​ ​ — ​ 2,937 ​ 1,987 ​ 4,924 ​ Mortgage warehouse ​ ​ — ​ — ​ — ​ — ​ Consumer ​ ​ — ​ 283 ​ — ​ 283 ​ Broker-dealer ​ ​ — ​ 46 ​ — ​ 46 ​ Total ​ $ 850 ​ $ 50,338 ​ $ 3,989 ​ $ 55,177 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	6 Months Ended
	Jun. 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 June 30, Six Months Ended June 30, ​ 2019 ​ 2018 2019 ​ 2018 Balance, beginning of period $ 62,049 ​ $ 63,957 ​ $ 66,102 ​ $ 54,714 ​ Additions 2,547 ​ 3,068 ​ 4,408 ​ 9,729 ​ Sales — ​ (9,303) ​ — ​ (9,303) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (8,739) ​ 1,032 ​ (13,772) ​ 4,673 ​ Due to customer payoffs (2,162) ​ (1,381) ​ (3,043) ​ (2,440) ​ Balance, end of period $ 53,695 ​ $ 57,373 ​ $ 53,695 ​ $ 57,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Mortgage loans serviced for others $ 5,027,953 ​ $ 5,086,461 ​ ​ ​ ​ ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.07 % 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Weighted average constant prepayment rate 13.67 % ​ 10.51 % ​ Weighted average discount rate 11.12 % ​ 11.11 % ​ Weighted average life (in years) 5.8 ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,097) ​ $ (2,512) ​ Impact of 20% adverse change ​ (5,977) ​ (4,980) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (1,988) ​ (2,677) ​ Impact of 20% adverse change ​ (3,826) ​ (5,139) ​

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2019
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 ​ Noninterest-bearing demand ​ $ 2,598,253 ​ $ 2,560,750 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ NOW accounts ​ 1,495,785 ​ 1,358,196 ​ Money market ​ 2,428,191 ​ 2,725,541 ​ Brokered - money market ​ 5,000 ​ 5,000 ​ Demand ​ 325,105 ​ 393,685 ​ Savings ​ 180,747 ​ 184,700 ​ Time ​ 1,429,998 ​ 1,308,284 ​ ​ ​ $ 8,463,079 ​ $ 8,536,156 ​

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	6 Months Ended
	Jun. 30, 2019
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Federal funds purchased ​ $ 124,050 ​ $ 100,100 ​ Securities sold under agreements to repurchase ​ 508,843 ​ 576,707 ​ Federal Home Loan Bank ​ 475,000 ​ 200,000 ​ Short-term bank loans ​ 231,000 ​ 189,000 ​ ​ ​ $ 1,338,893 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ Average balance during the period ​ $ 621,268 ​ $ 721,167 ​ ​ ​ ​ Average interest rate during the period ​ 2.54 % ​ 1.63 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ 2019 2018 ​ ​ ​ ​ Average interest rate at end of period ​ 2.57 % ​ 2.43 % ​ ​ ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 516,067 ​ $ 587,609 ​ ​ ​ ​ Estimated fair value ​ $ 554,160 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ 2019 ​ 2018 ​ ​ Average balance during the period ​ $ 159,945 ​ $ 117,956 ​ ​ Average interest rate during the period ​ ​ 2.47 % ​ 1.91 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ ​ ​ 2019 ​ ​ 2018 ​ ​ Average interest rate at end of period ​ ​ 2.32 % ​ 2.65 % ​

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Senior Notes due April 2025, net of discount of $1,313 and $1,393, respectively ​ $ 148,687 ​ $ 148,607 FHLB notes, including premium of $179 and $222, respectively, with maturities ranging from September 2020 to June 2030 ​ 4,037 ​ 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 ​ ​ 51,699 ​ ​ 48,374 ​ ​ $ 231,923 ​ $ 228,872

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2019 Finance leases: ​ ​ ​ Premises and equipment ​ $ 7,780 Accumulated depreciation ​ ​ (3,883) Premises and equipment, net ​ $ 3,897
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ June 30, 2019 ​ June 30, 2019 ​ Operating lease cost ​ $ 10,599 ​ $ 21,130 ​ Less operating lease and sublease income ​ ​ (663) ​ ​ (1,050) ​ Net operating lease cost ​ $ 9,936 ​ $ 20,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of lease assets ​ $ 147 ​ $ 295 ​ Interest on lease liabilities ​ ​ 150 ​ ​ 302 ​ Total finance lease cost ​ $ 297 ​ $ 597 ​
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ ​ June 30, 2019 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 19,810 ​ Operating cash flows from finance leases ​ ​ 302 ​ Financing cash flows from finance leases ​ ​ 290 ​ Right-of-use assets obtained in exchange for new lease obligations: ​ ​ ​ ​ Operating leases ​ $ 24,188 ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ Weighted Average ​ Weighted Average Lease Classification Remaining Lease Term (Years) ​ Discount Rate Operating 5.9 ​ 5.35 % ​ Finance 7.0 ​ 4.78 % ​ ​
Future minimum lease payments under the Leasing Standard	Future minimum lease payments under the Leasing Standard as of June 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 $ 18,039 ​ $ 595 2020 ​ 32,798 ​ ​ 1,197 2021 ​ 27,089 ​ ​ 1,212 2022 ​ 21,209 ​ ​ 1,241 2023 ​ 17,077 ​ ​ 1,280 Thereafter ​ 41,660 ​ ​ 3,460 Total minimum lease payments $ 157,872 ​ $ 8,985 Less amount representing interest ​ (25,122) ​ ​ (3,189) Lease liabilities $ 132,750 ​ $ 5,796
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)	6 Months Ended
	Jun. 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Balance, beginning of period ​ $ 30,112 ​ $ 32,321 ​ $ 33,784 ​ $ 33,702 ​ Claims made ​ 6,504 ​ 5,361 ​ 9,686 ​ 12,350 ​ Claims resolved with no payment ​ (1,579) ​ (5,892) ​ (7,266) ​ (11,753) ​ Repurchases ​ (1,478) ​ (1,245) ​ (2,645) ​ (3,334) ​ Indemnification payments ​ (485) ​ — ​ (485) ​ (420) ​ Balance, end of period ​ $ 33,074 ​ $ 30,545 ​ $ 33,074 ​ $ 30,545 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity (1) ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2019 2018 2019 2018 Balance, beginning of period ​ $ 10,721 ​ $ 23,332 ​ $ 10,701 ​ $ 23,472 ​ Additions for new sales ​ 792 ​ 1,014 ​ 1,281 ​ 1,743 ​ Repurchases ​ (127) ​ (85) ​ (209) ​ (245) ​ Early payment defaults ​ (97) ​ (41) ​ (239) ​ (188) ​ Indemnification payments ​ (92) ​ (4) ​ (95) ​ (121) ​ Change in reserves for loans sold in prior years ​ (364) ​ (306) ​ (606) ​ (751) ​ Balance, end of period ​ $ 10,833 ​ $ 23,910 ​ $ 10,833 ​ $ 23,910 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ 2018 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 732 ​ $ 676 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 10,101 ​ 10,025 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 10,833 ​ $ 10,701 ​ ​ ​ ​ ​ ​ ​ (1) The Reserve for Indemnification Liability at June 30, 2018 reflected $10.2 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)	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested RSU activity for the six months ended June 30, 2019 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 578 ​ $ 19.18 ​ Vested/Released ​ (456) ​ $ 17.70 ​ Forfeited ​ (28) ​ $ 25.78 Balance, June 30, 2019 ​ 1,364 ​ $ 22.58

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,235,458 12.53 % 4.0 % 4.0 % 5.0 % Hilltop ​ 1,747,412 13.00 % 4.0 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,235,458 13.84 % 7.0 % 7.0 % 6.5 % Hilltop ​ ​ 1,700,823 16.32 % 7.0 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,235,458 13.84 % 8.5 % 8.5 % 8.0 % Hilltop ​ 1,747,412 16.77 % 8.5 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,292,852 14.48 % 10.5 % 10.5 % 10.0 % Hilltop ​ 1,786,441 17.14 % 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 June 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 ​ $ 225,288 ​ $ 3,072 ​ Less: required net capital ​ ​ 9,971 ​ ​ 250 ​ Excess net capital ​ $ 215,317 ​ $ 2,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 45.2 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 200,359 ​ ​ ​ ​ ​
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Statutory capital and surplus: ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ 58,905 ​ $ 78,637 ​ American Summit Insurance Company ​ 19,041 ​ 17,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2019 2018 2019 2018 Statutory net income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ National Lloyds Insurance Company ​ $ (3,826) ​ $ (2,633) ​ $ (409) ​ $ 1,134 ​ American Summit Insurance Company ​ 299 ​ 394 ​ 716 ​ 1,283 ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 2018 2019 2018 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (783) ​ $ (3,141) ​ $ 17,405 ​ $ 6,865 ​ Hilltop Broker-Dealers ​ ​ 12,581 ​ ​ 2,991 ​ ​ 10,774 ​ ​ (2,237) ​ Bank ​ ​ (85) ​ ​ 30 ​ ​ (146) ​ ​ 160 ​
Schedule of derivative positions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ December 31, 2018 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,530,535 ​ $ 33,584 ​ $ 677,267 ​ $ 17,421 Customer-based written options ​ 31,200 ​ (1) ​ 31,200 ​ (49) Customer-based purchased options ​ 31,200 ​ 1 ​ 31,200 ​ 49 Commitments to purchase MBSs ​ 3,323,653 ​ 21,730 ​ 2,359,630 ​ 10,467 Commitments to sell MBSs ​ ​ 5,583,795 ​ (21,406) ​ 3,711,477 ​ (19,315) Interest rate swaps ​ ​ 7,663 ​ (64) ​ 15,104 ​ 82 U.S. Treasury bond futures and options (1) ​ ​ 309,000 ​ — ​ 367,200 ​ — Eurodollar futures (1) ​ ​ 120,000 ​ — ​ 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)	6 Months Ended
	Jun. 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,569,362 ​ $ — ​ $ 1,569,362 ​ $ (1,517,772) ​ $ — ​ $ 51,590 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer counterparties ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 50,660 ​ ​ — ​ ​ 50,660 ​ ​ (50,575) ​ ​ — ​ ​ 85 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 21,732 ​ — ​ 21,732 ​ (21,732) ​ — ​ — ​ ​ $ 1,641,757 ​ $ — ​ $ 1,641,757 ​ $ (1,590,079) ​ $ — ​ $ 51,678 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 June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,459,218 ​ $ — ​ $ 1,459,218 ​ $ (1,410,580) ​ $ — ​ $ 48,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate options: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 1 ​ — ​ 1 ​ — ​ — ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 66 ​ — ​ 66 ​ — ​ — ​ 66 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 488,042 ​ — ​ 488,042 ​ (488,042) ​ — ​ — Customer counterparties ​ 20,801 ​ — ​ 20,801 ​ (20,801) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 21,647 ​ (239) ​ 21,408 ​ (11,061) ​ — ​ 10,347 ​ ​ $ 1,989,775 ​ $ (239) ​ $ 1,989,536 ​ $ (1,930,484) ​ $ — ​ $ 59,052 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 June 30, 2019 and December 31, 2018. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2019 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury and agency securities ​ $ 38,670 ​ $ — ​ $ — ​ $ — ​ $ 38,670 Asset-backed securities ​ ​ 470,173 ​ ​ — ​ ​ — ​ ​ — ​ ​ 470,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,459,105 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,459,105 Total ​ $ 1,968,061 ​ $ — ​ $ — ​ $ — ​ $ 1,968,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,968,061 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)	6 Months Ended
	Jun. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,569,362 ​ $ 1,365,547 ​ Securities failed to deliver ​ 24,310 ​ 16,300 ​ Trades in process of settlement ​ 96,247 ​ 32,993 ​ Other ​ 17,330 ​ 25,447 ​ ​ ​ $ 1,707,249 ​ $ 1,440,287 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,459,218 ​ $ 1,186,073 ​ Correspondents ​ 29,700 ​ 29,311 ​ Securities failed to receive ​ 37,562 ​ 75,015 ​ Other ​ 5,411 ​ 4,526 ​ ​ ​ $ 1,531,891 ​ $ 1,294,925 ​

Reserve for Losses and Loss A_2

Reserve for Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Reserve for unpaid losses and allocated LAE balance, net ​ $ 20,189 ​ $ 16,498 ​ Reinsurance recoverables on unpaid losses ​ ​ 1,184 ​ ​ 3,214 ​ Unallocated LAE ​ ​ 894 ​ ​ 840 ​ Reserve for unpaid losses and LAE balance, gross ​ $ 22,267 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Total of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IBNR Reserves ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Plus Expected ​ Cumulative Accident ​ Six Months Ended June 30, 2019 ​ Development on ​ Number of Year ​ Paid Incurred Reported Claims Reported Claims 2016 ​ $ 83,452 ​ $ 83,961 ​ $ 295 ​ 20,092 2017 ​ ​ 86,913 ​ ​ 87,737 ​ ​ 538 ​ ​ 20,656 2018 ​ ​ 69,260 ​ ​ 74,593 ​ ​ 2,992 ​ ​ 15,164 2019 ​ 24,716 ​ 37,898 ​ 5,382 ​ 7,757 Total ​ $ 264,341 ​ $ 284,189 ​ ​ ​ ​ ​ ​ ​ ​ 341 ​ All outstanding reserves prior to 2016, net of reinsurance ​ ​ $ 20,189 ​ Reserve for unpaid losses and allocated LAE, net of reinsurance

Reinsurance Activity (Tables)

Reinsurance Activity (Tables)	6 Months Ended
	Jun. 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 June 30, ​ Six Months Ended June 30, ​ ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 ​ ​ Written Earned Written Earned Written Earned Written Earned Premiums from direct business ​ $ 35,562 ​ $ 31,727 ​ $ 35,801 ​ $ 33,372 ​ $ 66,352 ​ $ 63,463 ​ $ 68,886 ​ $ 66,740 ​ Reinsurance assumed ​ 3,622 ​ 3,256 ​ 3,567 ​ 3,111 ​ 6,751 ​ 6,448 ​ 6,609 ​ 6,111 ​ Reinsurance ceded ​ (1,517) ​ (1,517) ​ (2,335) ​ (2,378) ​ (3,242) ​ (3,242) ​ (4,345) ​ (4,431) ​ Net premiums ​ $ 37,667 ​ $ 33,466 ​ $ 37,033 ​ $ 34,105 ​ $ 69,861 ​ $ 66,669 ​ $ 71,150 ​ $ 68,420 ​
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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 Losses and LAE incurred ​ $ 23,959 ​ $ 23,869 ​ $ 38,943 ​ $ 37,321 ​ Reinsurance recoverables ​ 1,022 ​ 540 ​ 964 ​ 2,620 ​ Net loss and LAE incurred ​ $ 24,981 ​ $ 24,409 ​ $ 39,907 ​ $ 39,941 ​ ​

Segment and Related Informati_2

Segment and Related Information (Tables)	6 Months Ended
	Jun. 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 June 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 93,423 ​ $ 11,410 ​ $ (1,031) ​ $ 592 ​ $ (1,331) ​ $ 4,813 ​ $ 107,876 ​ Provision (recovery) for loan losses ​ (670) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (672) ​ Noninterest income ​ 10,742 ​ ​ 105,559 ​ ​ 164,548 ​ ​ 36,151 ​ ​ 665 ​ ​ (4,794) ​ 312,871 ​ Noninterest expense ​ 58,251 ​ 94,870 ​ 141,721 ​ ​ 39,589 ​ ​ 9,274 ​ ​ (28) ​ 343,677 ​ Income (loss) before income taxes ​ $ 46,584 ​ $ 22,101 ​ $ 21,796 ​ $ (2,846) ​ $ (9,940) ​ $ 47 ​ $ 77,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ Six Months Ended June 30, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated ​ Net interest income (expense) ​ $ 186,113 ​ $ 24,260 ​ $ (1,499) ​ $ 1,236 ​ $ (2,661) ​ $ 9,358 ​ $ 216,807 ​ Provision (recovery) for loan losses ​ 355 ​ (76) ​ — ​ — ​ — ​ — ​ 279 ​ Noninterest income ​ 21,362 ​ 196,865 ​ 282,580 ​ 72,643 ​ 1,390 ​ (9,501) ​ 565,339 ​ Noninterest expense ​ 118,977 ​ 182,677 ​ 256,398 ​ 69,926 ​ 24,836 ​ (52) ​ 652,762 ​ Income (loss) before income taxes ​ $ 88,143 ​ $ 38,524 ​ $ 24,683 ​ $ 3,953 ​ $ (26,107) ​ $ (91) ​ $ 129,105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended June 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 87,958 ​ $ 12,890 ​ $ 704 ​ $ 793 ​ $ (2,482) ​ $ 4,985 ​ $ 104,848 ​ Provision for loan losses ​ — ​ ​ 340 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 340 ​ Noninterest income ​ 10,644 ​ ​ 73,589 ​ ​ 162,759 ​ ​ 36,546 ​ ​ 1,436 ​ ​ (5,540) ​ 279,434 ​ Noninterest expense ​ 65,542 ​ 77,967 ​ 150,026 ​ ​ 39,712 ​ ​ 5,340 ​ ​ (70) ​ 338,517 ​ Income (loss) before income taxes ​ $ 33,060 ​ $ 8,172 ​ $ 13,437 ​ $ (2,373) ​ $ (6,386) ​ $ (485) ​ $ 45,425 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Six Months Ended June 30, 2018 ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 174,596 ​ $ 25,441 ​ $ 1,645 ​ $ 1,580 ​ $ (4,573) ​ $ 9,579 ​ $ 208,268 ​ Provision (recovery) for loan losses ​ (1,531) ​ 64 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (1,467) ​ Noninterest income ​ 20,823 ​ 142,135 ​ ​ 289,862 ​ ​ 71,564 ​ ​ 724 ​ ​ (10,531) ​ 514,577 ​ Noninterest expense ​ 124,913 ​ 155,743 ​ ​ 280,729 ​ ​ 70,725 ​ ​ 14,743 ​ ​ (134) ​ 646,719 ​ Income (loss) before income taxes ​ $ 72,037 ​ $ 11,769 ​ $ 10,778 ​ $ 2,419 ​ $ (18,592) ​ $ (818) ​ $ 77,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Insurance ​ Corporate ​ Eliminations ​ Consolidated June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ 23,988 ​ $ — ​ $ — ​ $ 291,435 ​ Total assets ​ $ 10,411,934 ​ $ 3,345,345 ​ $ 1,876,091 ​ $ 252,848 ​ $ 2,333,835 ​ $ (3,954,183) ​ $ 14,265,870 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	6 Months Ended
	Jun. 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 June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings available to Hilltop common stockholders ​ $ 57,811 ​ $ 33,080 ​ $ 96,597 ​ $ 57,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 93,399 ​ 95,270 ​ 93,533 ​ 95,625 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share ​ $ 0.62 ​ $ 0.35 ​ $ 1.03 ​ $ 0.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 57,811 ​ $ 33,080 ​ $ 96,597 ​ $ 57,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 93,399 ​ 95,270 ​ 93,533 ​ 95,625 ​ Effect of potentially dilutive securities ​ 19 ​ ​ 88 ​ 1 ​ 102 ​ Weighted average shares outstanding - diluted ​ 93,418 ​ 95,358 ​ 93,534 ​ 95,727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.62 ​ $ 0.35 ​ $ 1.03 ​ $ 0.60 ​

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details)	6 Months Ended
	Jun. 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%

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Adoption of new accounting pronouncements (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Recent Accounting Pronouncements
Net cash used in operating activities	$ (130,634)	$ (319,378)
ASU 2016-18
Recent Accounting Pronouncements
Net cash used in operating activities		(319,400)
ASU 2016-18 | Previously Reported
Recent Accounting Pronouncements
Net change in assets segregated for regulatory purposes		58,200
Net cash used in operating activities		$ (261,200)

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Jun. 30, 2019
Recent Accounting Pronouncements
Operating lease liabilities		$ 132,750
Operating lease right-of-use assets		123,832
Deferred expenses recognized, recorded as an increase to retained earnings		$ 1,393
Restatement | ASU 2016-02
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

Acquisition - Identifiable Asse

Acquisition - Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 01, 2018	Jun. 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	Jun. 30, 2019	Dec. 31, 2018	Aug. 01, 2018
PCI loans
Acquisitions
Nonaccretable difference	$ 59,600	$ 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	Jun. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 1,480	$ 1,260
Mortgage loans held for sale, unpaid principal balance	$ 1,430	$ 1,210

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financial assets:
Trading securities	$ 601,524	$ 745,466
Available for sale securities	1,009,924	875,658
Equity securities	19,592	19,679
Financial liabilities:
Securities sold, not yet purchased	45,447	81,667
Recurring
Financial assets:
Trading securities	601,524	745,466
Available for sale securities	1,009,924	875,658
Equity securities	19,592	19,679
Loans held for sale	1,475,076	1,257,775
Derivative assets	72,783	35,010
MSR asset	53,695	66,102
Financial liabilities:
Securities sold, not yet purchased	45,447	81,667
Derivative liabilities	38,939	26,355
Recurring | Level 1
Financial assets:
Trading securities	5,204	7,947
Equity securities	19,592	19,679
Financial liabilities:
Securities sold, not yet purchased	14,897	33,000
Recurring | Level 2
Financial assets:
Trading securities	596,320	737,519
Available for sale securities	1,009,924	875,658
Loans held for sale	1,418,277	1,207,311
Derivative assets	72,783	35,010
Financial liabilities:
Securities sold, not yet purchased	30,550	48,667
Derivative liabilities	38,939	26,355
Recurring | Level 3
Financial assets:
Loans held for sale	56,799	50,464
MSR asset	$ 53,695	$ 66,102

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 119,893	$ 107,440	$ 116,566	$ 91,686
Purchases/Additions	16,600	11,139	33,888	30,279
Sales/Reductions	(11,108)	(17,841)	(18,084)	(21,816)
Transfers into Level 3	(612)		425
Total gains or losses (realized or unrealized):
Included in Net Income	(14,279)	(2,584)	(22,301)	(1,995)
Asset balance, end of period	110,494	98,154	110,494	98,154
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	57,844	43,483	50,464	36,972
Purchases/Additions	14,053	8,071	29,480	20,550
Sales/Reductions	(11,108)	(8,538)	(18,084)	(12,513)
Transfers into Level 3	(612)		425
Total gains or losses (realized or unrealized):
Included in Net Income	(3,378)	(2,235)	(5,486)	(4,228)
Asset balance, end of period	56,799	40,781	56,799	40,781
MSR
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	62,049	63,957	66,102	54,714
Purchases/Additions	2,547	3,068	4,408	9,729
Sales/Reductions		(9,303)		(9,303)
Total gains or losses (realized or unrealized):
Included in Net Income	(10,901)	(349)	(16,815)	2,233
Asset balance, end of period	$ 53,695	$ 57,373	$ 53,695	$ 57,373

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Jun. 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	95	95
Loans Held for Sale | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	89	95
Loans Held for Sale | Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	96	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	13.67	10.51
MSR | Discount Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	11.12	11.11

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 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)	131,173	132,478	227,312	238,245
Other Noninterest Income	57,822	23,248	102,946	40,612
Loans Held for Sale
Fair Value Option
Net Gains (Losses)	17,179	22,604	3,855	7,724
Total Changes in Fair Value	17,179	22,604	3,855	7,724
MSR
Fair Value Option
Net Gains (Losses)	(10,901)	(349)	(16,815)	2,233
Total Changes in Fair Value	$ (10,901)	$ (349)	$ (16,815)	$ 2,233

Fair Value Measurements - Impai

Fair Value Measurements - Impaired Loans (Details) - Level 3 - Weighted average - PCI loans	Jun. 30, 2019	Dec. 31, 2018
PPC
Fair Value Inputs
Loans, measurement input	49	48
PPC | Default Rate
Fair Value Inputs
Loans, measurement input	84	81
PPC | Severity Rate
Fair Value Inputs
Loans, measurement input	59	59
PPC | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0	0
FNB
Fair Value Inputs
Loans, measurement input	4	4
FNB | Default Rate
Fair Value Inputs
Loans, measurement input	30	34
FNB | Severity Rate
Fair Value Inputs
Loans, measurement input	12	12
FNB | Prepayment Rate
Fair Value Inputs
Loans, measurement input	6	6
SWS
Fair Value Inputs
Loans, measurement input	20	20
SWS | Default Rate
Fair Value Inputs
Loans, measurement input	71	71
SWS | Severity Rate
Fair Value Inputs
Loans, measurement input	28	28
SWS | Prepayment Rate
Fair Value Inputs
Loans, measurement input	0	0
BORO
Fair Value Inputs
Loans, measurement input	25	26
BORO | Default Rate
Fair Value Inputs
Loans, measurement input	59	63
BORO | Severity Rate
Fair Value Inputs
Loans, measurement input	43	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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fair Value
Impairment loans held for investment	$ 111,607		$ 111,607		$ 119,011
Total Gains (Losses) of impaired loans	672	$ (340)	(279)	$ 1,467
Level 2 | Estimate of Fair Value | Other Assets
Fair Value
Other real estate owned	20,800		20,800		$ 27,600
Nonrecurring | Estimate of Fair Value
Fair Value
Impairment loans held for investment	65,660		65,660
Other real estate owned	12,885		12,885
Total Gains (Losses) of impaired loans	(1,295)	(602)	(1,195)	(725)
Total Gains (Losses) of other real estate owned	(119)	$ (694)	(613)	$ (1,800)
Nonrecurring | Level 2 | Estimate of Fair Value
Fair Value
Other real estate owned	12,885		12,885
Nonrecurring | Level 3 | Estimate of Fair Value
Fair Value
Impairment loans held for investment	$ 65,660		$ 65,660

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financial assets:
Held to maturity securities	$ 368,546	$ 341,124
Broker-dealer and clearing organization receivables	1,707,249	1,440,287
Financial liabilities:
Broker-dealer and clearing organization payables	1,531,891	1,294,925
Carrying Amount
Financial assets:
Cash and cash equivalents	342,522	644,473
Assets segregated for regulatory purposes	151,271	133,993
Securities purchased under agreements to resell	50,660	61,611
Held to maturity securities	365,905	351,012
Loans held for sale	134,401	135,471
Loans held for investment, net	7,147,427	6,870,972
Broker-dealer and clearing organization receivables	1,707,249	1,440,287
Other assets	71,833	69,720
Financial liabilities:
Deposits	8,463,079	8,536,156
Broker-dealer and clearing organization payables	1,531,891	1,294,925
Short-term borrowings	1,338,893	1,065,807
Debt	298,935	295,884
Other liabilities	5,640	3,482
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	342,522	644,473
Assets segregated for regulatory purposes	151,271	133,993
Securities purchased under agreements to resell	50,660	61,611
Held to maturity securities	368,546	341,124
Loans held for sale	134,401	135,471
Loans held for investment, net	7,388,969	7,024,173
Broker-dealer and clearing organization receivables	1,707,249	1,440,287
Other assets	71,833	69,720
Financial liabilities:
Deposits	8,464,697	8,528,947
Broker-dealer and clearing organization payables	1,531,891	1,294,925
Short-term borrowings	1,338,893	1,065,807
Debt	296,724	293,685
Other liabilities	5,640	3,482
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	342,522	644,473
Assets segregated for regulatory purposes	151,271	133,993
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	50,660	61,611
Held to maturity securities	368,546	341,124
Loans held for sale	134,401	135,471
Loans held for investment, net	570,377	578,363
Broker-dealer and clearing organization receivables	1,707,249	1,440,287
Other assets	70,724	68,573
Financial liabilities:
Deposits	8,464,697	8,528,947
Broker-dealer and clearing organization payables	1,531,891	1,294,925
Short-term borrowings	1,338,893	1,065,807
Debt	296,724	293,685
Other liabilities	5,640	3,482
Estimate of Fair Value | Level 3
Financial assets:
Loans held for investment, net	6,818,592	6,445,810
Other assets	$ 1,109	$ 1,147

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 20,477	$ 21,906	$ 20,376	$ 22,946
Additional investments		1,411		1,411
Upward adjustments	101	2,836	202	3,108
Impairments and downward adjustments	(672)	(2)	(672)	(1,314)
Balance, end of period	19,906	$ 26,151	19,906	$ 26,151
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 36,300		$ 36,300		$ 35,800

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of fair value of trading securities
Debt Securities, Trading	$ 601,524	$ 745,466
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	45,447	81,667
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	5,203	7,945
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	6,194	1,494
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	246,943	309,455
Commercial mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	2,204	4,239
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading	149,449	206,813
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	54,729	59,293
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	116,202	126,748
Unit investment trusts
Schedule of fair value of trading securities
Debt Securities, Trading	15,919	19,913
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	1,267	5,680
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 3,414	$ 3,886

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Available for sale
Total amortized cost	$ 999,798		$ 999,798		$ 886,799
Gross Unrealized Gains	13,813		13,813		2,640
Gross Unrealized Losses	(3,687)		(3,687)		(13,781)
Fair Value	1,009,924		1,009,924		875,658
Held to maturity
Amortized cost	365,905		365,905		351,012
Unrealized Gains	4,342		4,342		365
Unrealized Losses	(1,701)		(1,701)		(10,253)
Held to maturity, fair value	368,546		368,546		341,124
Equity Securities
Unrealized net (losses) gains from equity securities			700		(900)
Equity, at fair value	19,592		19,592		19,679
Recognized net gain (loss) on equity securities	200	$ 100	1,500	$ (500)
US Treasury Securities
Available for sale
Total amortized cost	10,559		10,559		11,552
Gross Unrealized Gains	197		197		30
Gross Unrealized Losses	(11)		(11)		(44)
Fair Value	10,745		10,745		11,538
Held to maturity
Amortized cost	9,961		9,961		9,903
Unrealized Gains	19		19		3
Held to maturity, fair value	9,980		9,980		9,906
Bonds
Available for sale
Total amortized cost	85,311		85,311		85,492
Gross Unrealized Gains	1,210		1,210		552
Gross Unrealized Losses	(14)		(14)		(433)
Fair Value	86,507		86,507		85,611
Held to maturity
Amortized cost	39,019		39,019		39,018
Unrealized Losses	(71)		(71)		(1,479)
Held to maturity, fair value	38,948		38,948		37,539
Residential Mortgage Backed Securities
Available for sale
Total amortized cost	467,661		467,661		391,428
Gross Unrealized Gains	5,925		5,925		608
Gross Unrealized Losses	(1,453)		(1,453)		(6,962)
Fair Value	472,133		472,133		385,074
Held to maturity
Amortized cost	20,031		20,031		21,903
Unrealized Gains	203		203
Unrealized Losses					(263)
Held to maturity, fair value	20,234		20,234		21,640
Commercial mortgage-backed securities
Available for sale
Total amortized cost	11,595		11,595		11,703
Gross Unrealized Gains	540		540		189
Gross Unrealized Losses					(120)
Fair Value	12,135		12,135		11,772
Held to maturity
Amortized cost	113,570		113,570		87,065
Unrealized Gains	3,170		3,170		271
Unrealized Losses	(98)		(98)		(1,462)
Held to maturity, fair value	116,642		116,642		85,874
Collateralized Mortgage Obligations
Available for sale
Total amortized cost	333,415		333,415		281,450
Gross Unrealized Gains	3,061		3,061		385
Gross Unrealized Losses	(2,206)		(2,206)		(5,436)
Fair Value	334,270		334,270		276,399
Held to maturity
Amortized cost	130,326		130,326		142,474
Unrealized Gains	300		300
Unrealized Losses	(1,271)		(1,271)		(5,000)
Held to maturity, fair value	129,355		129,355		137,474
Corporate debt securities
Available for sale
Total amortized cost	47,824		47,824		53,614
Gross Unrealized Gains	1,710		1,710		268
Gross Unrealized Losses					(580)
Fair Value	49,534		49,534		53,302
States and political subdivisions
Available for sale
Total amortized cost	43,433		43,433		51,560
Gross Unrealized Gains	1,170		1,170		608
Gross Unrealized Losses	(3)		(3)		(206)
Fair Value	44,600		44,600		51,962
Held to maturity
Amortized cost	52,998		52,998		50,649
Unrealized Gains	650		650		91
Unrealized Losses	(261)		(261)		(2,049)
Held to maturity, fair value	$ 53,387		$ 53,387		$ 48,691

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	14	60
Unrealized loss for twelve months or longer | item	44	88
Total | item	58	148
Unrealized loss for less than twelve months	$ 70,253	$ 161,784
Unrealized loss for twelve months or longer	226,959	398,386
Total	297,212	560,170
Unrealized Loss
Unrealized loss for less than twelve months	171	1,250
Unrealized loss for twelve months or longer	3,516	12,531
Total	$ 3,687	$ 13,781
US Treasury Securities
Number of Securities
Unrealized loss for less than twelve months | item	2	1
Unrealized loss for twelve months or longer | item		3
Total | item	2	4
Unrealized loss for less than twelve months	$ 2,586	$ 981
Unrealized loss for twelve months or longer		3,556
Total	2,586	4,537
Unrealized Loss
Unrealized loss for less than twelve months	11	6
Unrealized loss for twelve months or longer		39
Total	$ 11	$ 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	$ 9,986	30,472
Total	9,986	55,244
Unrealized Loss
Unrealized loss for less than twelve months		5
Unrealized loss for twelve months or longer	14	428
Total	$ 14	$ 433
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	2	8
Unrealized loss for twelve months or longer | item	16	27
Total | item	18	35
Unrealized loss for less than twelve months	$ 8,355	$ 66,791
Unrealized loss for twelve months or longer	106,815	194,228
Total	115,170	261,019
Unrealized Loss
Unrealized loss for less than twelve months	7	432
Unrealized loss for twelve months or longer	1,445	6,530
Total	$ 1,452	$ 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	9	11
Unrealized loss for twelve months or longer | item	24	28
Total | item	33	39
Unrealized loss for less than twelve months	$ 55,481	$ 44,394
Unrealized loss for twelve months or longer	106,528	140,483
Total	162,009	184,877
Unrealized Loss
Unrealized loss for less than twelve months	153	498
Unrealized loss for twelve months or longer	2,054	4,938
Total	2,207	$ 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	3,009	$ 16,256
Unrealized loss for twelve months or longer	2,407	15,665
Total	$ 5,416	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	3	18
Total | item	4	47
Unrealized loss for less than twelve months	$ 822	$ 8,590
Unrealized loss for twelve months or longer	1,223	9,029
Total	2,045	17,619
Unrealized Loss
Unrealized loss for less than twelve months		27
Unrealized loss for twelve months or longer	3	179
Total	$ 3	$ 206

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	1	12
Unrealized loss for twelve months or longer | item	60	130
Total | item	61	142
Fair Value
Unrealized loss for less than twelve months	$ 1,601	$ 21,866
Unrealized loss for twelve months or longer	157,141	278,770
Total	158,742	300,636
Unrealized Losses
Unrealized loss for less than twelve months	17	198
Unrealized loss for twelve months or longer	1,684	10,055
Total	$ 1,701	$ 10,253
Bonds
Number of Securities
Unrealized loss for twelve months or longer | item	2	4
Total | item	2	4
Fair Value
Unrealized loss for twelve months or longer	$ 29,248	$ 37,539
Total	29,248	37,539
Unrealized Losses
Unrealized loss for twelve months or longer	71	1,479
Total	$ 71	$ 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	1	1
Unrealized loss for twelve months or longer | item	2	13
Total | item	3	14
Fair Value
Unrealized loss for less than twelve months	$ 1,601	$ 4,973
Unrealized loss for twelve months or longer	12,551	59,670
Total	14,152	64,643
Unrealized Losses
Unrealized loss for less than twelve months	17	27
Unrealized loss for twelve months or longer	81	1,435
Total	$ 98	$ 1,462
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item		1
Unrealized loss for twelve months or longer | item	15	24
Total | item	15	25
Fair Value
Unrealized loss for less than twelve months		$ 2,051
Unrealized loss for twelve months or longer	$ 95,659	135,423
Total	95,659	137,474
Unrealized Losses
Unrealized loss for less than twelve months		26
Unrealized loss for twelve months or longer	1,271	4,974
Total	$ 1,271	$ 5,000
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item		9
Unrealized loss for twelve months or longer | item	41	86
Total | item	41	95
Fair Value
Unrealized loss for less than twelve months		$ 6,431
Unrealized loss for twelve months or longer	$ 19,683	32,909
Total	19,683	39,340
Unrealized Losses
Unrealized loss for less than twelve months		56
Unrealized loss for twelve months or longer	261	1,993
Total	$ 261	$ 2,049

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 39,783
Due after one year through five years	88,357
Due after five years through ten years	39,142
Due after ten years	19,845
Total	187,127
Total amortized cost	999,798	$ 886,799
AFS, Fair Value, Rolling Maturity
Due in one year or less	39,797
Due after one year through five years	90,942
Due after five years through ten years	40,024
Due after ten years	20,623
Total	191,386
Fair Value	1,009,924	875,658
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	467,661
Total amortized cost	467,661	391,428
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	472,133
Fair Value	472,133	385,074
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	333,415
Total amortized cost	333,415	281,450
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	334,270
Fair Value	334,270	$ 276,399
Commercial Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	11,595
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 12,135

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 11,356
Due after one year through five years	26,042
Due after five years through ten years	5,392
Due after ten years	59,188
Total	101,978
Amortized cost	365,905	$ 351,012
HTM, Fair Value, Rolling Maturities
Due in one year or less	11,376
Due after one year through five years	26,055
Due after five years through ten years	5,414
Due after ten years	59,470
Total	102,315
Fair Value	368,546	341,124
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	20,031
Amortized cost	20,031	21,903
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	20,234
Fair Value	20,234	21,640
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	130,326
Amortized cost	130,326	142,474
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	129,355
Fair Value	129,355	$ 137,474
Commercial Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	113,570
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	$ 116,642

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Securities
Realized net gains from trading securities portfolio	$ 2.5	$ (6.8)	$ 10.7	$ (1.9)
Carrying amount of securities pledged	612.3		612.3		$ 612.3
Fair value of securities pledged	615.6		615.6		600
Hilltop Broker-Dealers
Securities
Realized net gains from trading securities portfolio	30.4	$ 0.4	55.7	$ 17.4
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	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans
Loans held for investment	$ 7,202,604		$ 6,930,458
Allowance for loan losses	(55,177)	$ (58,809)	(59,486)	$ (61,970)	$ (63,194)	$ (63,686)
Loans held for investment, net	7,147,427		6,870,972
Commercial real estate
Loans
Loans held for investment	2,937,243		2,940,120
Allowance for loan losses	(25,114)	(26,845)	(27,100)	(26,032)	(27,193)	(26,413)
Commercial and Industrial
Loans
Loans held for investment	1,448,221		1,508,451
Allowance for loan losses	(20,414)	(21,268)	(21,980)	(23,517)	(23,269)	(23,674)
Construction and land development
Loans
Loans held for investment	950,628		932,909
Allowance for loan losses	(4,396)	(5,908)	(6,061)	(7,271)	(7,449)	(7,844)
1 - 4 family residential
Loans
Loans held for investment	696,535		679,263
Allowance for loan losses	(4,924)	(4,331)	(3,956)	(2,552)	(2,107)	(2,362)
Mortgage warehouse
Loans
Loans held for investment	555,327		243,806
Consumer
Loans
Loans held for investment	44,273		47,546
Allowance for loan losses	(283)	(409)	(267)	(207)	(276)	(311)
Broker-dealer
Loans
Loans held for investment	570,377		578,363
Allowance for loan losses	$ (46)	$ (48)	$ (122)	$ (417)	$ (77)	$ (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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Carrying values and the outstanding contractual balances of the PCI loans
Carrying amount	$ 86,200		$ 86,200		$ 93,072
Outstanding balance	155,749		155,749		172,808
Changes in the accretable yield for the acquired impaired loans
Balance, beginning of year	72,172	$ 93,686	80,693	$ 98,846
Reclassifications from nonaccretable difference, net	4,909	3,136	5,443	10,265
Disposals of loans	(337)		(703)	(98)
Accretion	(7,439)	(9,514)	(16,128)	(21,514)
Transfer of loans to OREO		(656)		(847)
Balance, end of year	69,305	$ 86,652	69,305	$ 86,652
Nonaccretable difference	$ 59,600		$ 59,600		$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 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	$ 240,059		$ 240,059		$ 265,779
Recorded Investment with No Allowance	41,489		41,489		47,090
Recorded Investment with Allowance	70,118		70,118		71,921
Total Recorded Investment	111,607		111,607		119,011
Related Allowance	4,839		4,839		3,644
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	112,700	$ 144,472	115,310	$ 152,738
Non-accrual loans
Non-accrual loans	28,575		28,575		30,539
Interest income recorded on accruing impaired loans	300	200	700	400
Non-owner occupied
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	13,097	30,245	13,018	31,998
Non-accrual loans
Non-accrual loans	1,333		1,333		1,226
Owner occupied
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	17,380	4,973	17,633	7,887
Non-accrual loans
Non-accrual loans	3,943		3,943		4,098
Commercial and Industrial
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	17,284	24,056	18,147	24,206
Non-accrual loans
Non-accrual loans	14,152		14,152		14,870
Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	3,400		3,400		3,400
Construction and land development
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	1,619	1,673	2,594	1,768
Non-accrual loans
Non-accrual loans	1,413		1,413		3,278
1 - 4 family residential
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	63,279		63,873
Non-accrual loans
Non-accrual loans	7,700		7,700		7,026
Consumer
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans	41	54	45	116
Non-accrual loans
Non-accrual loans	34		34		41
Covered Loan
Average investment in non-covered impaired loans
Average investment in non-covered impaired loans		$ 83,471		$ 86,763
PCI loans
Non-covered impaired loans
Unpaid Contractual Principal balance	196,397		196,397		225,997
Recorded Investment with No Allowance	18,819		18,819		23,426
Recorded Investment with Allowance	67,381		67,381		69,646
Total Recorded Investment	86,200		86,200		93,072
Related Allowance	3,989		3,989		2,892
Non-accrual loans
Non-accrual loans	4,400		4,400		4,900
PCI loans | Non-owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	35,163		35,163		42,668
Recorded Investment with No Allowance	5,416		5,416		5,549
Recorded Investment with Allowance	7,332		7,332		7,540
Total Recorded Investment	12,748		12,748		13,089
Related Allowance	1,331		1,331		1,125
PCI loans | Owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	28,977		28,977		36,246
Recorded Investment with No Allowance	6,965		6,965		11,657
Recorded Investment with Allowance	5,636		5,636		2,967
Total Recorded Investment	12,601		12,601		14,624
Related Allowance	639		639		304
PCI loans | Commercial and Industrial
Non-covered impaired loans
Unpaid Contractual Principal balance	25,825		25,825		27,403
Recorded Investment with No Allowance	4,767		4,767		5,491
Recorded Investment with Allowance	1,141		1,141		1,068
Total Recorded Investment	5,908		5,908		6,559
Related Allowance	29		29		72
PCI loans | Construction and land development
Non-covered impaired loans
Unpaid Contractual Principal balance	7,791		7,791		10,992
Recorded Investment with No Allowance	44		44		74
Recorded Investment with Allowance	23		23		390
Total Recorded Investment	67		67		464
Related Allowance	3		3		92
PCI loans | 1 - 4 family residential
Non-covered impaired loans
Unpaid Contractual Principal balance	96,746		96,746		106,503
Recorded Investment with No Allowance	1,623		1,623		646
Recorded Investment with Allowance	53,249		53,249		57,681
Total Recorded Investment	54,872		54,872		58,327
Related Allowance	1,987		1,987		1,299
PCI loans | Consumer
Non-covered impaired loans
Unpaid Contractual Principal balance	1,895		1,895		2,185
Recorded Investment with No Allowance	4		4		9
Total Recorded Investment	4		4		9
Non-PCI
Non-covered impaired loans
Unpaid Contractual Principal balance	43,662		43,662		39,782
Recorded Investment with No Allowance	22,670		22,670		23,664
Recorded Investment with Allowance	2,737		2,737		2,275
Total Recorded Investment	25,407		25,407		25,939
Related Allowance	850		850		752
Non-PCI | Non-owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	206		206
Recorded Investment with No Allowance	199		199
Total Recorded Investment	199		199
Non-PCI | Owner occupied
Non-covered impaired loans
Unpaid Contractual Principal balance	5,106		5,106		5,231
Recorded Investment with No Allowance	3,943		3,943		4,098
Total Recorded Investment	3,943		3,943		4,098
Non-PCI | Commercial and Industrial
Non-covered impaired loans
Unpaid Contractual Principal balance	26,210		26,210		22,277
Recorded Investment with No Allowance	9,950		9,950		9,891
Recorded Investment with Allowance	2,245		2,245		1,740
Total Recorded Investment	12,195		12,195		11,631
Related Allowance	838		838		721
Non-PCI | Construction and land development
Non-covered impaired loans
Unpaid Contractual Principal balance	1,536		1,536		3,430
Recorded Investment with No Allowance	919		919		2,711
Recorded Investment with Allowance	492		492		535
Total Recorded Investment	1,411		1,411		3,246
Related Allowance	12		12		31
Non-PCI | 1 - 4 family residential
Non-covered impaired loans
Unpaid Contractual Principal balance	10,460		10,460		8,695
Recorded Investment with No Allowance	7,625		7,625		6,922
Total Recorded Investment	7,625		7,625		6,922
Non-PCI | Consumer
Non-covered impaired loans
Unpaid Contractual Principal balance	144		144		149
Recorded Investment with No Allowance	34		34		42
Total Recorded Investment	$ 34		$ 34		$ 42

Loans Held for Investment and_6

Loans Held for Investment and Allowance for Loan Losses - TDRs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loan	Jun. 30, 2018loan	Jun. 30, 2019USD ($)loanitem	Jun. 30, 2018USD ($)itemloan
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	3		3
TDR at extension	$ 7,993		$ 7,973
TDR modification, end of period	$ 7,973		$ 7,973
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | item				1
TDR modifications, in which a payment was at least 30 days past due				$ 3,294
TDR with payment at least 30 days past due				$ 3,206
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 | item				1
TDR modifications, in which a payment was at least 30 days past due				$ 3,294
TDR with payment at least 30 days past due				$ 3,206
Commercial and Industrial | Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan	3		3
TDR at extension	$ 7,993		$ 7,973
TDR modification, end of period	$ 7,973		$ 7,973

Loans Held for Investment and_7

Loans Held for Investment and Allowance for Loan Losses - Aging (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	$ 27,451	$ 35,173
Current Loans	7,088,953	6,802,213
Loans held for investment	7,202,604	6,930,458
Accruing Loans Past Due 90 Days or More	10	78
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	13,292	14,120
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	7,522	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	6,637	17,174
PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	86,200	93,072
Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	1,140	1,373
Current Loans	1,653,557	1,708,160
Loans held for investment	1,667,445	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	811	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	130	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	12,748	13,089
Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	4,053	5,537
Current Loans	1,253,144	1,197,337
Loans held for investment	1,269,798	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	1,526	1,364
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	2,527	4,173
Owner occupied | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	12,601	14,624
Commercial and Industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	9,916	13,892
Current Loans	1,432,397	1,488,000
Loans held for investment	1,448,221	1,508,451
Accruing Loans Past Due 90 Days or More	10	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	3,604	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	5,257	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	1,055	11,051
Commercial and Industrial | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	5,908	6,559
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	3,558	3,549
Current Loans	947,003	928,896
Loans held for investment	950,628	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	2,719	3,549
Construction and land development | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	839
Construction and land development | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	67	464
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	8,557	10,421
Current Loans	633,106	610,515
Loans held for investment	696,535	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	4,444	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	1,257	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	2,856	1,950
1 - 4 family residential | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	54,872	58,327
Mortgage warehouse
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	39	0
Current Loans	555,288	243,806
Loans held for investment	555,327	243,806
Mortgage warehouse | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	39
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	188	401
Current Loans	44,081	47,136
Loans held for investment	44,273	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	188	254
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans		147
Consumer | PCI loans
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans held for investment	4	9
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Current Loans	570,377	578,363
Loans held for investment	570,377	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	77,400	83,100
Unpaid principal balance loans past due 90 days or more	$ 78,500	$ 84,000

Loans Held for Investment and_8

Loans Held for Investment and Allowance for Loan Losses - Internal Risk Grades (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Internal risk grades of non-covered loans
Loans held for investment	$ 7,202,604	$ 6,930,458
Pass
Internal risk grades of non-covered loans
Loans held for investment	6,948,247	6,681,855
Special Mention
Internal risk grades of non-covered loans
Loans held for investment	6,753	17,796
Substandard
Internal risk grades of non-covered loans
Loans held for investment	161,404	137,735
Non-owner occupied
Internal risk grades of non-covered loans
Loans held for investment	1,667,445	1,722,622
Non-owner occupied | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,599,634	1,673,424
Non-owner occupied | Special Mention
Internal risk grades of non-covered loans
Loans held for investment	5,935
Non-owner occupied | Substandard
Internal risk grades of non-covered loans
Loans held for investment	49,128	36,109
Owner occupied
Internal risk grades of non-covered loans
Loans held for investment	1,269,798	1,217,498
Owner occupied | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,222,925	1,175,225
Owner occupied | Special Mention
Internal risk grades of non-covered loans
Loans held for investment		2,083
Owner occupied | Substandard
Internal risk grades of non-covered loans
Loans held for investment	34,272	25,566
Commercial and Industrial
Internal risk grades of non-covered loans
Loans held for investment	1,448,221	1,508,451
Commercial and Industrial | Pass
Internal risk grades of non-covered loans
Loans held for investment	1,383,938	1,433,227
Commercial and Industrial | Special Mention
Internal risk grades of non-covered loans
Loans held for investment	447	15,320
Commercial and Industrial | Substandard
Internal risk grades of non-covered loans
Loans held for investment	57,928	53,345
Construction and land development
Internal risk grades of non-covered loans
Loans held for investment	950,628	932,909
Construction and land development | Pass
Internal risk grades of non-covered loans
Loans held for investment	948,148	929,130
Construction and land development | Substandard
Internal risk grades of non-covered loans
Loans held for investment	2,413	3,315
1 - 4 family residential
Internal risk grades of non-covered loans
Loans held for investment	696,535	679,263
1 - 4 family residential | Pass
Internal risk grades of non-covered loans
Loans held for investment	623,710	601,264
1 - 4 family residential | Special Mention
Internal risk grades of non-covered loans
Loans held for investment	371	393
1 - 4 family residential | Substandard
Internal risk grades of non-covered loans
Loans held for investment	17,582	19,279
Mortgage warehouse
Internal risk grades of non-covered loans
Loans held for investment	555,327	243,806
Mortgage warehouse | Pass
Internal risk grades of non-covered loans
Loans held for investment	555,327	243,806
Consumer
Internal risk grades of non-covered loans
Loans held for investment	44,273	47,546
Consumer | Pass
Internal risk grades of non-covered loans
Loans held for investment	44,188	47,416
Consumer | Substandard
Internal risk grades of non-covered loans
Loans held for investment	81	121
Broker-dealer
Internal risk grades of non-covered loans
Loans held for investment	570,377	578,363
Broker-dealer | Pass
Internal risk grades of non-covered loans
Loans held for investment	570,377	578,363
PCI loans
Internal risk grades of non-covered loans
Loans held for investment	86,200	93,072
PCI loans | Non-owner occupied
Internal risk grades of non-covered loans
Loans held for investment	12,748	13,089
PCI loans | Owner occupied
Internal risk grades of non-covered loans
Loans held for investment	12,601	14,624
PCI loans | Commercial and Industrial
Internal risk grades of non-covered loans
Loans held for investment	5,908	6,559
PCI loans | Construction and land development
Internal risk grades of non-covered loans
Loans held for investment	67	464
PCI loans | 1 - 4 family residential
Internal risk grades of non-covered loans
Loans held for investment	54,872	58,327
PCI loans | Consumer
Internal risk grades of non-covered loans
Loans held for investment	$ 4	$ 9

Loans Held for Investment and_9

Loans Held for Investment and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018
Changes in the allowance for loan losses
Balance, beginning of the year	$ 58,809	$ 63,194	$ 59,486	$ 63,686
Provision (recovery) for loan losses	(672)	340	279	(1,467)
Loans charged off	(3,311)	(2,344)	(5,611)	(3,546)
Recoveries on charged off loans	351	780	1,023	3,297
Balance, end of the year	55,177	61,970	55,177	61,970
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					$ 16,846	$ 17,891
Loans collectively evaluated for impairment					7,099,558	6,819,495
Loans held for investment					7,202,604	6,930,458
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					850	752
Loans collectively evaluated for impairment, allowance					50,338	55,842
Total loans, allowance	55,177	63,194	55,177	63,686	55,177	59,486
Commercial real estate
Changes in the allowance for loan losses
Balance, beginning of the year	26,845	27,193	27,100	26,413
Provision (recovery) for loan losses	(1,731)	(1,143)	(1,986)	(363)
Loans charged off		(18)		(18)
Balance, end of the year	25,114	26,032	25,114	26,032
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					3,559	3,909
Loans collectively evaluated for impairment					2,908,335	2,908,498
Loans held for investment					2,937,243	2,940,120
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					23,144	25,671
Total loans, allowance	26,845	27,193	27,100	26,032	25,114	27,100
Commercial and Industrial
Changes in the allowance for loan losses
Balance, beginning of the year	21,268	23,269	21,980	23,674
Provision (recovery) for loan losses	1,254	1,815	1,712	119
Loans charged off	(2,430)	(2,233)	(4,248)	(3,416)
Recoveries on charged off loans	322	666	970	3,140
Balance, end of the year	20,414	23,517	20,414	23,517
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					11,362	10,741
Loans collectively evaluated for impairment					1,430,951	1,491,151
Loans held for investment					1,448,221	1,508,451
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					838	721
Loans collectively evaluated for impairment, allowance					19,547	21,187
Total loans, allowance	21,268	23,269	21,980	23,674	20,414	21,980
Construction and land development
Changes in the allowance for loan losses
Balance, beginning of the year	5,908	7,449	6,061	7,844
Provision (recovery) for loan losses	(1,512)	(178)	(1,665)	(573)
Balance, end of the year	4,396	7,271	4,396	7,271
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					1,317	3,241
Loans collectively evaluated for impairment					949,244	929,204
Loans held for investment					950,628	932,909
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment, allowance					12	31
Loans collectively evaluated for impairment, allowance					4,381	5,938
Total loans, allowance	5,908	7,449	6,061	7,271	4,396	6,061
1 - 4 family residential
Changes in the allowance for loan losses
Balance, beginning of the year	4,331	2,107	3,956	2,362
Provision (recovery) for loan losses	1,447	376	1,836	99
Loans charged off	(871)	(6)	(899)	(12)
Recoveries on charged off loans	17	75	31	103
Balance, end of the year	4,924	2,552	4,924	2,552
Loan portfolio distributed by portfolio segment and impairment methodology
Loans individually evaluated for impairment					608
Loans collectively evaluated for impairment					641,055	620,936
Loans held for investment					696,535	679,263
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					2,937	2,657
Total loans, allowance	4,331	2,107	4,924	2,552	4,924	3,956
Mortgage warehouse
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					555,327	243,806
Loans held for investment					555,327	243,806
Consumer
Changes in the allowance for loan losses
Balance, beginning of the year	409	276	267	311
Provision (recovery) for loan losses	(128)	(75)	458	(109)
Loans charged off	(10)	(30)	(464)	(43)
Recoveries on charged off loans	12	36	22	48
Balance, end of the year	283	207	283	207
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					44,269	47,537
Loans held for investment					44,273	47,546
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					283	267
Total loans, allowance	409	276	283	311	283	267
Broker-dealer
Changes in the allowance for loan losses
Balance, beginning of the year	48	77	122	353
Provision (recovery) for loan losses	(2)	340	(76)	64
Balance, end of the year	46	417	46	417
Loan portfolio distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment					570,377	578,363
Loans held for investment					570,377	578,363
Allowance for loan losses distributed by portfolio segment and impairment methodology
Loans collectively evaluated for impairment, allowance					46	122
Total loans, allowance	48	77	122	417	46	122
Covered Loan
Changes in the allowance for loan losses
Balance, beginning of the year		2,823		2,729
Provision (recovery) for loan losses		(795)		(704)
Loans charged off		(57)		(57)
Recoveries on charged off loans		3		6
Balance, end of the year		1,974		1,974
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance		$ 2,823		$ 2,729
PCI loans
Changes in the allowance for loan losses
Balance, beginning of the year			2,892
Balance, end of the year	3,989		3,989
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					86,200	93,072
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	3,989		3,989		3,989	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	1,970		1,970
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					25,349	27,713
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	1,970		1,970		1,970	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	29		29
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					5,908	6,559
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	29		29		29	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					67	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	1,987		1,987
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					54,872	58,327
Allowance for loan losses distributed by portfolio segment and impairment methodology
Total loans, allowance	$ 1,987		$ 1,987		1,987	1,299
PCI loans | Consumer
Loan portfolio distributed by portfolio segment and impairment methodology
Loans held for investment					$ 4	$ 9

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - MSR - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Change in fair value of mortgage servicing rights
Balance, beginning of year	$ 62,049	$ 63,957	$ 66,102	$ 54,714	$ 54,714
Additions	2,547	3,068	4,408	9,729
Sales		(9,303)		(9,303)
Changes in fair value: Due to changes in model inputs or assumptions	(8,739)	1,032	(13,772)	4,673
Changes in fair value: Due to customer payoffs	(2,162)	(1,381)	(3,043)	(2,440)
Balance, end of year	53,695	$ 57,373	53,695	$ 57,373	66,102
Mortgage loans serviced for others	$ 5,027,953		$ 5,027,953		$ 5,086,461
MSR asset as a percentage of serviced mortgage loans	1.07%		1.07%		1.30%
Key Assumptions
Weighted average constant prepayment rate (as a percent)			13.67%		10.51%
Weighted average discount rate (as a percent)			11.12%		11.11%
Weighted average life (in years)			5 years 9 months 18 days		7 years 1 month 6 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Sensitivity analysis
Contractually specified servicing fees, late fees and ancillary fees			$ 12,900	$ 11,800
MSR
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (3,097)		(3,097)		$ (2,512)
Constant prepayment rate: Impact of 20% adverse change	(5,977)		(5,977)		(4,980)
Discount rate: Impact of 10% adverse change	(1,988)		(1,988)		(2,677)
Discount rate: Impact of 20% adverse change	(3,826)		$ (3,826)		$ (5,139)
Contractually specified servicing fees, late fees and ancillary fees	$ 6,600	$ 6,100

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deposits
Noninterest-bearing demand	$ 2,598,253	$ 2,560,750
Interest-bearing:
NOW accounts	1,495,785	1,358,196
Money market	2,428,191	2,725,541
Brokered - money market	5,000	5,000
Demand	325,105	393,685
Savings	180,747	184,700
Time	1,429,998	1,308,284
Total deposits	$ 8,463,079	$ 8,536,156

Short-term Borrowings (Details)

Short-term Borrowings (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Short-term borrowings
Short-term borrowings	$ 1,338,893		$ 1,065,807
Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate (as a percent)	3.28%		3.35%
Federal Funds Purchased.
Short-term borrowings
Short-term borrowings	$ 124,050		$ 100,100
Securities Sold under Agreements to Repurchase
Short-term borrowings
Short-term borrowings	508,843		576,707
FHLB notes
Short-term borrowings
Short-term borrowings	475,000		$ 200,000
Average balance during the year	$ 159,945	$ 117,956
Average interest rate during the year	2.47%	1.91%
Average interest rate at end of year (as a percent)	2.32%		2.65%
FHLB notes | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short Term Bank Loans.
Short-term borrowings
Short-term borrowings	$ 231,000		$ 189,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the year	$ 621,268	$ 721,167
Average interest rate during the year	2.54%	1.63%
Average interest rate at end of year (as a percent)	2.57%		2.43%
Securities underlying the agreements at end of period: Carrying value	$ 516,067		$ 587,609
Securities underlying the agreements at end of period: Estimated fair value	$ 554,160		$ 618,231

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument
Notes payable	$ 231,923	$ 228,872
Senior Notes due April 2025
Debt Instrument
Notes payable	148,687	148,607
Unamortized discount	1,313	1,393
FHLB notes
Debt Instrument
Notes payable	4,037	4,391
Unamortized premium	179	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	$ 51,699	$ 48,374

Lease - Narrative (Details)

Lease - Narrative (Details)	6 Months Ended
	Jun. 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	Jun. 30, 2019USD ($)
Finance leases:
Premises and equipment	$ 7,780
Accumulated depreciation	(3,883)
Premises and equipment, net	$ 3,897
Financial position	us-gaap:PropertyPlantAndEquipmentNet

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Components of operating lease costs
Operating lease cost	$ 10,599	$ 21,130
Less operating lease and sublease income	(663)	(1,050)
Net operating lease cost	9,936	20,080
Amortization of lease assets	147	295
Interest on lease liabilities	150	302
Total finance lease cost	$ 297	$ 597

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases
Operating cash flows from operating leases	$ 19,810
Operating cash flows from finance leases	302
Financing cash flows from finance leases	290
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 24,188

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Jun. 30, 2019
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 10 months 24 days
Finance - Weighted Average Remaining Lease Term (Years)	7 years
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	Jun. 30, 2019USD ($)
Operating leases maturities
2019	$ 18,039
2020	32,798
2021	27,089
2022	21,209
2023	17,077
Thereafter	41,660
Total minimum lease payments	157,872
Amount representing interest	(25,122)
Present value of minimum lease payments	132,750
Finance Leases maturities:
2019	595
2020	1,197
2021	1,212
2022	1,241
2023	1,280
Thereafter	3,460
Total minimum lease payments	8,985
Amount representing interest	(3,189)
Present value of minimum lease payments	$ 5,796

Lease - Operating leases that h

Lease - Operating leases that have not yet commenced (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases
Additional operating leases that have not yet commenced	$ 600
Aggregate remaining lease obligation	$ 157,872
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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Taxes
Effective income tax rate (as a percent)	23.10%	24.30%	22.90%	23.90%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 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	$ 30,112	$ 32,321	$ 33,784	$ 33,702
Claims made	6,504	5,361	9,686	12,350
Claims resolved with no payment	(1,579)	(5,892)	(7,266)	(11,753)
Repurchases	(1,478)	(1,245)	(2,645)	(3,334)
Indemnification payments	(485)		(485)	(420)
Balance, end of period	33,074	30,545	33,074	30,545
Reserve for Indemnification Liability:
Total	30,112	32,321	33,784	33,702	$ 33,074	$ 33,784
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses	800	1,000	1,300	1,700
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	10,721	23,332	10,701	23,472
Additions for new sales	792	1,014	1,281	1,743
Repurchases	(127)	(85)	(209)	(245)
Early payment defaults	(97)	(41)	(239)	(188)
Indemnification payments	(92)	(4)	(95)	(121)
Change in reserves for loans sold in prior years	(364)	(306)	(606)	(751)
Balance, end of period	10,833	23,910	10,833	23,910
Reserve for Indemnification Liability:
Specific claims					732	676
Incurred but not reported claims					10,101	10,025
Total	$ 10,721	$ 23,332	$ 10,833	23,472	$ 10,833	$ 10,701
DOJ and HUD agreements increase in specific claims that were included in incurred but not reported claims in prior periods				$ 10,200

Commitments and Contingencies_2

Commitments and Contingencies - Hilltop Plaza Investment (Details) $ in Thousands	Jan. 01, 2019USD ($)	Jul. 31, 2018USD ($)aft²tenantitem	Jun. 30, 2019USD ($)ft²	Dec. 31, 2018USD ($)
Commitments and Contingencies
Operating lease liabilities			$ 132,750
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 and the Bank | Hilltop Plaza
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 | Hilltop Plaza
Commitments and Contingencies
Term of contract		129 months
PlainsCapital (the Bank) | Hilltop Plaza
Commitments and Contingencies
Term of contract		129 months
Hillcrest Land LLC
Commitments and Contingencies
Acres of land | a		1.7
Payments to acquire land		$ 38,500
Primary Beneficiary | item		0
Ground lease term		99 years
Number of tenants | tenant		3
Ground lease commences		18 months
Ground lease		$ 1,800
Annual ground lease increase (as percent)		1.00%
Hilltop Investments I, LLC
Commitments and Contingencies
Investment contribution		$ 19,300
Diamond Ground, LLC
Commitments and Contingencies
Investment contribution		$ 19,300
Park Plaza
Commitments and Contingencies
Leasehold interest		50.00%
Park Plaza | Hilltop Plaza
Commitments and Contingencies
Ownership interest (as percent)		50.00%
HTH Hillcrest Project LLC
Commitments and Contingencies
Leasehold interest		25.00%
HTH Hillcrest Project LLC | Hilltop Plaza
Commitments and Contingencies
Ownership interest (as percent)		25.00%
Cash contributions		$ 5,300
Diamond Hillcrest
Commitments and Contingencies
Leasehold interest		25.00%
Diamond Hillcrest | Hilltop Plaza
Commitments and Contingencies
Ownership interest (as percent)		25.00%

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Jun. 30, 2019USD ($)
Unused commitments to extend credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,300
Standby letters of credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 92.4

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - 2012 Plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 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)	680,623		680,623
Compensation expense	$ 2.5	$ 2.5	$ 5	$ 4.8
Board of Directors
Stock based compensation
Common shares granted to members of board of directors as compensation for director services			14,895	10,024

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2012 Plan - RSUs shares in Thousands	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Number of shares outstanding
Balance at the beginning of the period ( in shares) | shares	1,270
Granted (in shares) | shares	578
Vested/Released (in shares) | shares	(456)
Forfeited (in shares) | shares	(28)
Balance at the end of the period ( in shares) | shares	1,364
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	19.18
Vested/Released (in dollars per share) | $ / shares	17.70
Forfeited (in dollars per share) | $ / shares	25.78
Balance at the end of the period (in dollars per share) | $ / shares	$ 22.58

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2012 Plan - RSUs $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	90,867
Vested RSUs which require deferral of share settlement and statutory tax obligations	17,692
Number of shares awarded (in shares)	578,000
Number of awards subject to time-based vesting (in shares)	1,126,126
Number of awards vesting upon achievement of performance goals (in shares)	238,145
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense | $	$ 17.7
Weighted average period for unrecognized compensation expense (in years)	1 year 10 months 13 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	570,361
Number of awards subject to time-based vesting (in shares)	479,112
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	Jun. 30, 2019	Dec. 31, 2018
PlainsCapital (the Bank)
Tier 1 capital (to average assets)
Actual Amount	$ 1,235,458	$ 1,183,447
Actual Ratio (as a percent)	12.53%	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	$ 1,235,458	$ 1,183,447
Actual Ratio (as a percent)	13.84%	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	$ 1,235,458	$ 1,183,447
Actual Ratio (as a percent)	13.84%	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	$ 1,292,852	$ 1,245,177
Actual Ratio (as a percent)	14.48%	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	$ 1,747,412	$ 1,680,364
Actual Ratio (as a percent)	13.00%	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	$ 1,700,823	$ 1,634,978
Actual Ratio (as a percent)	16.32%	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	$ 1,747,412	$ 1,680,364
Actual Ratio (as a percent)	16.77%	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	$ 1,786,441	$ 1,722,602
Actual Ratio (as a percent)	17.14%	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	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 151,271	$ 133,993	$ 128,417
Hilltop Securities
Net Capital
Net capital	225,288
Less required net capital	9,971
Excess net capital	$ 215,317
Net capital as a percentage of aggregate debit items	45.20%
Net capital in excess of 5% aggregate debt items	$ 200,359
HTS Independent Network
Net Capital
Net capital	3,072
Less required net capital	250
Excess net capital	2,822
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 151,300	$ 134,000

Regulatory Matters - Insurance

Regulatory Matters - Insurance Subsidiaries (Details) - Texas Department of Insurance - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
NLIC
Insurance
Statutory capital and surplus	$ 58,905		$ 58,905		$ 78,637
Statutory net income	(3,826)	$ (2,633)	(409)	$ 1,134
ASIC
Insurance
Statutory capital and surplus	19,041		19,041		$ 17,908
Statutory net income	$ 299	$ 394	$ 716	$ 1,283

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 25, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 31, 2019
Stockholders' Equity
Cash dividends declared per common share	$ 0.08	$ 0.08	$ 0.07	$ 0.16	$ 0.14
Cash dividends paid				$ 15,000	$ 13,500
Repurchase common stock authorized amount						$ 50,000
Payments to repurchase shares				$ 24,980	$ 38,877
Repurchase of common stock (in shares)				1,214,843
Average price (per share)				$ 20.54

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Prime Lending
Derivative financial instruments
Net gain (loss) due to changes in the fair value of the derivative instruments	$ (783)	$ (3,141)	$ 17,405	$ 6,865
Hilltop Broker-Dealers
Derivative financial instruments
Net gain (loss) due to changes in the fair value of the derivative instruments	12,581	2,991	10,774	(2,237)
PlainsCapital (the Bank)
Derivative financial instruments
Net gain (loss) due to changes in the fair value of the derivative instruments	(85)	$ 30	(146)	$ 160
Interest Rate Lock Commitments
Derivative financial instruments
Notional Amount	1,530,535		1,530,535		$ 677,267
Estimated Fair Value	33,584		33,584		17,421
Customer-based written options
Derivative financial instruments
Notional Amount	31,200		31,200		31,200
Estimated Fair Value	(1)		(1)		(49)
Customer-based purchased options
Derivative financial instruments
Notional Amount	31,200		31,200		31,200
Estimated Fair Value	1		1		49
Commitments to Purchase MBSs
Derivative financial instruments
Notional Amount	3,323,653		3,323,653		2,359,630
Estimated Fair Value	21,730		21,730		10,467
Commitments to Sell MBSs
Derivative financial instruments
Notional Amount	5,583,795		5,583,795		3,711,477
Estimated Fair Value	(21,406)		(21,406)		(19,315)
Commitments to Sell MBSs | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	18,800		18,800		11,900
Interest rate swaps
Derivative financial instruments
Notional Amount	7,663		7,663		15,104
Estimated Fair Value	(64)		(64)		82
U.S. Treasury bond futures and options
Derivative financial instruments
Notional Amount	309,000		309,000		367,200
Eurodollar futures
Derivative financial instruments
Notional Amount	120,000		120,000		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	$ 2,500		$ 2,500		$ 3,400

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 50,660	$ 61,611
Total
Gross Amounts of Recognized Assets	1,641,757	1,437,764
Net Amounts of Assets Presented in the Balance Sheet	1,641,757	1,437,764
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,590,079)	(1,378,980)
Net Amount	51,678	58,784
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,569,362	1,365,547
Net Amounts of Assets Presented in the Balance Sheet	1,569,362	1,365,547
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,517,772)	(1,307,121)
Net Amount	51,590	58,426
Interest Rate Options | Customer Counterparties
Derivatives:
Gross Amounts of Recognized Assets	1	49
Net Amounts of Assets Presented in the Balance Sheet	1	49
Gross Amounts Not Offset in the Balance Sheet
Net Amounts of Assets Presented in the Balance Sheet	1	49
Interest rate swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	2	88
Net Amounts of Assets Presented in the Balance Sheet	2	88
Gross Amounts Not Offset in the Balance Sheet
Net Amounts of Assets Presented in the Balance Sheet	2	88
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	50,660	61,611
Net Amounts of Assets Presented in the Balance Sheet	50,660	61,611
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(50,575)	(61,390)
Net Amount	85	221
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	21,732	10,469
Net Amounts of Assets Presented in the Balance Sheet	21,732	10,469
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(21,732)	(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	Jun. 30, 2019	Dec. 31, 2018
Total
Gross Amounts of Recognized Liabilities	$ 1,989,775	$ 1,782,166
Gross Amounts Offset in the Balance Sheet	(239)	(15)
Net Amounts of Liabilities Presented in the Balance Sheet	1,989,536	1,782,151
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,930,484)	(1,720,468)
Net Amount	59,052	61,683
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,459,218	1,186,073
Net Amounts of Liabilities Presented in the Balance Sheets	1,459,218	1,186,073
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,410,580)	(1,136,033)
Net Amount	48,638	50,040
Institutional Counterparties | Interest Rate Options
Derivatives:
Gross Amounts of Recognized Liabilities	1	49
Net Amounts of Liabilities Presented in the Balance Sheet	1	49
Gross Amounts Not Offset in the Balance Sheet
Net Amount	1	49
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	66	6
Net Amounts of Liabilities Presented in the Balance Sheet	66	6
Gross Amounts Not Offset in the Balance Sheet
Net Amount	66	6
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	488,042	533,441
Net Amounts of Liabilities Presented in the Balance Sheet	488,042	533,441
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(488,042)	(533,441)
Net Amount	0	0
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	21,647	19,331
Gross Amounts Offset in the Balance Sheet	(239)	(15)
Net Amounts of Liabilities Presented in the Balance Sheet	21,408	19,316
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(11,061)	(7,728)
Net Amount	10,347	11,588
Customer Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	20,801	43,266
Net Amounts of Liabilities Presented in the Balance Sheet	20,801	43,266
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(20,801)	(43,266)
Net Amount	$ 0	$ 0

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	6 Months Ended
	Jun. 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	$ 1,968,061	$ 1,762,780
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,968,061	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	$ 1,968,061	1,762,780
US Treasury and agency securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	38,670	131,848
US Treasury and agency securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	38,670	131,848
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	470,173	444,859
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	470,173	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	1,459,105	1,185,960
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,459,105	$ 1,185,960

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Receivables:
Securities borrowed	$ 1,569,362	$ 1,365,547
Securities failed to deliver	24,310	16,300
Trades in process of settlement	96,247	32,993
Other	17,330	25,447
Total receivables	1,707,249	1,440,287
Payables:
Securities loaned	1,459,218	1,186,073
Correspondents	29,700	29,311
Securities failed to receive	37,562	75,015
Other	5,411	4,526
Total Payables	$ 1,531,891	$ 1,294,925

Reserve for Losses and Loss A_3

Reserve for Losses and Loss Adjustment Expenses - Reserve (Details) - USD ($) $ in Thousands	Jun. 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	$ 20,189	$ 16,498
Reinsurance recoverables on unpaid losses	1,184	3,214
Unallocated LAE	894	840
Reserve for unpaid losses and LAE balance, gross	$ 22,267	$ 20,552

Reserve for Losses and Loss A_4

Reserve for Losses and Loss Adjustment Expenses - Activity (Details) $ in Thousands	Jun. 30, 2019USD ($)claim	Dec. 31, 2018USD ($)
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 264,341
Total incurred	284,189
All outstanding reserves prior to 2016, net of reinsurance	341
Reserve for unpaid losses and allocated LAE, net of reinsurance	20,189	$ 16,498
2016
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	83,452
Total incurred	83,961
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 295
Cumulative Number of Reported Claims | claim	20,092
2017
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 86,913
Total incurred	87,737
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 538
Cumulative Number of Reported Claims | claim	20,656
2018
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 69,260
Total incurred	74,593
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 2,992
Cumulative Number of Reported Claims | claim	15,164
2019
Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance
Total paid	$ 24,716
Total incurred	37,898
Total of IBNR Reserves Plus Expected Development on Reported claims	$ 5,382
Cumulative Number of Reported Claims | claim	7,757

Reinsurance Activity - Credit R

Reinsurance Activity - Credit Risk (Details) $ in Thousands	Jun. 30, 2019USD ($)
Reinsurance Activity
Balances due from Companies	$ 1,700
Allowance for uncollectible accounts	$ 0

Reinsurance Activity - Effects

Reinsurance Activity - Effects of Reinsurance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earned
Net premiums	$ 33,466	$ 34,105	$ 66,669	$ 68,420
Effect of reinsurance on incurred losses
Net loss and LAE incurred	24,981	24,409	39,907	39,941
Property and casualty
Written
Premiums from direct business	35,562	35,801	66,352	68,886
Reinsurance assumed	3,622	3,567	6,751	6,609
Reinsurance ceded	(1,517)	(2,335)	(3,242)	(4,345)
Net premiums	37,667	37,033	69,861	71,150
Earned
Premiums from direct business	31,727	33,372	63,463	66,740
Reinsurance assumed	3,256	3,111	6,448	6,111
Reinsurance ceded	(1,517)	(2,378)	(3,242)	(4,431)
Net premiums	33,466	34,105	66,669	68,420
Effect of reinsurance on incurred losses
Loss and LAE incurred	23,959	23,869	38,943	37,321
Reinsurance recoverables	1,022	540	964	2,620
Net loss and LAE incurred	$ 24,981	$ 24,409	$ 39,907	$ 39,941

Reinsurance Activity - Coverage

Reinsurance Activity - Coverage (Details) $ in Millions	Jul. 01, 2019USD ($)item	Jan. 01, 2019USD ($)	Jun. 30, 2019USD ($)item	Dec. 31, 2018
Catastrophic Coverage | First Layer of Protection
Reinsurance activity
Retention amount	$ 8		$ 8
Reinsurance in excess of retention	12		17
Catastrophic Coverage | Second Layer of Protection
Reinsurance activity
Retention amount	20		25
Reinsurance coverage in losses per event	25		30
Catastrophic Coverage | Third Layer of Protection
Reinsurance activity
Retention amount	45		55
Reinsurance coverage in losses per event	$ 50		$ 50
NLC
Reinsurance activity
Renewal period of reinsurance contract	1 year
Number of layers of protection under reinsurance | item	3		3
Aggregate coverage in excess of retention for per event retention and sub-catastrophic event		$ 10
Retention amount per event		1
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		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Information about the revenues, operating results, goodwill and assets
Number of reportable segments | segment			4
Net interest income (expense)	$ 107,876	$ 104,848	$ 216,807	$ 208,268
Total Gains (Losses) of impaired loans	(672)	340	279	(1,467)
Noninterest income	312,871	279,434	565,339	514,577
Noninterest expense	343,677	338,517	652,762	646,719
Income before income taxes	77,742	45,425	129,105	77,593
Goodwill	291,435		291,435		$ 291,435
Total assets	14,265,870		14,265,870		13,683,572
Operating segment | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	93,423	87,958	186,113	174,596
Total Gains (Losses) of impaired loans	(670)		355	(1,531)
Noninterest income	10,742	10,644	21,362	20,823
Noninterest expense	58,251	65,542	118,977	124,913
Income before income taxes	46,584	33,060	88,143	72,037
Goodwill	247,368		247,368		247,368
Total assets	10,411,934		10,411,934		10,004,971
Operating segment | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	11,410	12,890	24,260	25,441
Total Gains (Losses) of impaired loans	(2)	340	(76)	64
Noninterest income	105,559	73,589	196,865	142,135
Noninterest expense	94,870	77,967	182,677	155,743
Income before income taxes	22,101	8,172	38,524	11,769
Goodwill	7,008		7,008		7,008
Total assets	3,345,345		3,345,345		3,213,115
Operating segment | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(1,031)	704	(1,499)	1,645
Noninterest income	164,548	162,759	282,580	289,862
Noninterest expense	141,721	150,026	256,398	280,729
Income before income taxes	21,796	13,437	24,683	10,778
Goodwill	13,071		13,071		13,071
Total assets	1,876,091		1,876,091		1,627,134
Operating segment | Insurance Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	592	793	1,236	1,580
Noninterest income	36,151	36,546	72,643	71,564
Noninterest expense	39,589	39,712	69,926	70,725
Income before income taxes	(2,846)	(2,373)	3,953	2,419
Goodwill	23,988		23,988		23,988
Total assets	252,848		252,848		253,513
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(1,331)	(2,482)	(2,661)	(4,573)
Noninterest income	665	1,436	1,390	724
Noninterest expense	9,274	5,340	24,836	14,743
Income before income taxes	(9,940)	(6,386)	(26,107)	(18,592)
Total assets	2,333,835		2,333,835		2,243,182
All Other and Eliminations.
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	4,813	4,985	9,358	9,579
Noninterest income	(4,794)	(5,540)	(9,501)	(10,531)
Noninterest expense	(28)	(70)	(52)	(134)
Income before income taxes	47	$ (485)	(91)	$ (818)
Total assets	$ (3,954,183)		$ (3,954,183)		$ (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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic earnings per share:
Net earnings available to Hilltop common stockholders	$ 57,811	$ 33,080	$ 96,597	$ 57,521
Weighted average shares outstanding - basic	93,399	95,270	93,533	95,625
Basic earnings per common share (in dollars per share)	$ 0.62	$ 0.35	$ 1.03	$ 0.60
Diluted earnings per share:
Income attributable to Hilltop	$ 57,811	$ 33,080	$ 96,597	$ 57,521
Weighted average shares outstanding - basic	93,399	95,270	93,533	95,625
Effect of potentially dilutive securities (in shares)	19	88	1	102
Weighted average shares outstanding - diluted	93,418	95,358	93,534	95,727
Diluted earnings per common share (in dollars per share)	$ 0.62	$ 0.35	$ 1.03	$ 0.60

Schedule I - Insurance Incurr_2

Schedule I - Insurance Incurred and Cumulative Paid Losses and Allocated Loss Adjustment Expenses, Net Of Reinsurance (Details) $ in Thousands	Jun. 30, 2019USD ($)claim	Dec. 31, 2018USD ($)
Incurred losses and allocated loss adjustment expenses, net of reinsurance
Total incurred	$ 284,189
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
Total paid	264,341
All outstanding reserves prior to 2016, net of reinsurance	341
Reserve for unpaid losses and allocated loss adjustment expenses, net of reinsurance	20,189	$ 16,498
2016
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2016	84,771
2017	85,189
2018	84,076
Total incurred	83,961
Total of incurred but not reported reserves plus expected development on reported claims	$ 295
Cumulative Number of Reported Claims | claim	20,092
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2016	$ 71,543
2017	81,682
2018	83,169
Total paid	83,452
2017
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2017	87,899
2018	88,025
Total incurred	87,737
Total of incurred but not reported reserves plus expected development on reported claims	$ 538
Cumulative Number of Reported Claims | claim	20,656
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2017	$ 77,675
2018	86,319
Total paid	86,913
2018
Incurred losses and allocated loss adjustment expenses, net of reinsurance
2018	75,217
Total incurred	74,593
Total of incurred but not reported reserves plus expected development on reported claims	$ 2,992
Cumulative Number of Reported Claims | claim	15,164
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
2018	$ 61,922
Total paid	69,260
2019
Incurred losses and allocated loss adjustment expenses, net of reinsurance
Total incurred	37,898
Total of incurred but not reported reserves plus expected development on reported claims	$ 5,382
Cumulative Number of Reported Claims | claim	7,757
Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
Total paid	$ 24,716