Hilltop (HTH) 10-Q 26 Jul 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 23, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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	6565 Hillcrest Avenue
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75205
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		81,154,608
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 1,372,818	$ 1,062,560
Federal funds sold	387	386
Assets segregated for regulatory purposes	207,284	290,357
Securities purchased under agreements to resell	202,638	80,319
Securities:
Trading, at fair value	682,483	694,255
Available for sale, at fair value, net (amortized cost of $1,810,032 and $1,435,919, respectively)	1,817,807	1,462,205
Held to maturity, at amortized cost, net (fair value of $301,161 and $326,671, respectively)	288,776	311,944
Equity, at fair value	193	140
Total securities	2,789,259	2,468,544
Loans held for sale	2,885,458	2,788,386
Loans held for investment, net of unearned income	7,645,227	7,693,141
Allowance for credit losses	(115,269)	(149,044)
Loans held for investment, net	7,529,958	7,544,097
Broker-dealer and clearing organization receivables	1,403,447	1,404,727
Premises and equipment, net	212,402	211,595
Operating lease right-of-use assets	115,698	105,757
Mortgage servicing rights	124,497	143,742
Other assets	535,536	555,983
Goodwill	267,447	267,447
Other intangible assets, net	17,705	20,364
Total assets	17,664,534	16,944,264
Deposits:
Noninterest-bearing	4,231,082	3,612,384
Interest-bearing	7,502,703	7,629,935
Total deposits	11,733,785	11,242,319
Broker-dealer and clearing organization payables	1,439,620	1,368,373
Short-term borrowings	915,919	695,798
Securities sold, not yet purchased, at fair value	132,950	79,789
Notes payable	396,653	381,987
Operating lease liabilities	134,019	125,450
Junior subordinated debentures	67,012	67,012
Other liabilities	348,200	632,889
Total liabilities	15,168,158	14,593,617
Commitments and contingencies (see Notes 14 and 15)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 81,153,185 and 82,184,893 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	812	822
Additional paid-in capital	1,302,439	1,317,929
Accumulated other comprehensive income	7,093	17,763
Retained earnings	1,159,304	986,792
Deferred compensation employee stock trust, net	754	771
Employee stock trust (6,060 and 6,930 shares, at cost, at June 30, 2021 and December 31, 2020, respectively)	(121)	(138)
Total Hilltop stockholders' equity	2,470,281	2,323,939
Noncontrolling interests	26,095	26,708
Total stockholders' equity	2,496,376	2,350,647
Total liabilities and stockholders' equity	$ 17,664,534	$ 16,944,264

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,810,032	$ 1,435,919
Held to maturity, fair value	$ 301,161	$ 326,671
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	81,153,185	82,184,893
Common stock, shares outstanding	81,153,185	82,184,893
Employee stock trust, shares	6,060	6,930

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income:
Loans, including fees	$ 104,162	$ 107,860	$ 208,439	$ 219,028
Securities borrowed	15,586	12,883	44,558	26,210
Securities:
Taxable	11,125	11,698	21,376	27,393
Tax-exempt	2,338	1,539	4,440	3,149
Other	1,607	951	2,927	4,026
Total interest income	134,818	134,931	281,740	279,806
Interest expense:
Deposits	6,176	11,947	13,917	27,071
Securities loaned	12,345	10,796	37,831	22,073
Short-term borrowings	2,374	2,367	4,386	7,111
Notes payable	5,253	3,768	10,050	6,186
Junior subordinated debentures	577	705	1,139	1,555
Other	177	790	819	916
Total interest expense	26,902	30,373	68,142	64,912
Net interest income	107,916	104,558	213,598	214,894
Provision for (reversal of) credit losses	(28,720)	66,026	(33,829)	100,575
Net interest income after provision for (reversal of) credit losses	136,636	38,532	247,427	114,319
Noninterest income:
Net gains from sale of loans and other mortgage production income	199,625	295,317	466,705	445,803
Mortgage loan origination fees	42,146	45,341	85,301	73,895
Securities commissions and fees	38,300	34,234	76,614	74,303
Investment and securities advisory fees and commissions	32,268	29,120	59,963	52,300
Other	27,560	64,113	68,901	93,537
Total noninterest income	339,899	468,125	757,484	739,838
Noninterest expense:
Employees' compensation and benefits	248,486	276,893	518,839	473,249
Occupancy and equipment, net	25,004	26,174	49,433	45,696
Professional services	16,239	15,737	29,824	30,535
Other	53,639	51,405	111,934	102,630
Total noninterest expense	343,368	370,209	710,030	652,110
Income from continuing operations before income taxes	133,167	136,448	294,881	202,047
Income tax expense	31,234	31,808	69,004	46,956
Income from continuing operations	101,933	104,640	225,877	155,091
Income from discontinued operations, net of income taxes		30,775		33,926
Net income	101,933	135,415	225,877	189,017
Less: Net income attributable to noncontrolling interest	2,873	6,939	6,473	10,905
Income attributable to Hilltop	$ 99,060	$ 128,476	$ 219,404	$ 178,112
Basic:
Earnings from continuing operations	$ 1.21	$ 1.08	$ 2.68	$ 1.60
Earnings from discontinued operations		0.34		0.37
Basic earnings per common share (in dollars per share)	1.21	1.42	2.68	1.97
Diluted:
Earnings from continuing operations	1.21	1.08	2.66	1.60
Earnings from discontinued operations		0.34		0.37
Diluted earnings per common share (in dollars per share)	$ 1.21	$ 1.42	$ 2.66	$ 1.97
Weighted average share information:
Basic	81,663	90,164	81,914	90,337
Diluted	82,199	90,164	82,407	90,337

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 101,933	$ 135,415	$ 225,877	$ 189,017
Other comprehensive income:
Change in fair value of cash flow and fair value hedges, net of tax of $(71), $(110), $434 and $(1,043), respectively	(2,391)	(377)	3,644	(3,577)
Net unrealized gains (losses) on securities available for sale, net of tax of $1,795, $927, $(4,179) and $4,653, respectively	5,999	3,245	(14,242)	15,850
Reclassification adjustment for gains (losses) included in net income, net of tax of $4, $2, $(17) and $36, respectively	(1)	6	(72)	121
Comprehensive income	105,540	138,289	215,207	201,411
Less: comprehensive income attributable to noncontrolling interest	2,873	6,939	6,473	10,905
Comprehensive income applicable to Hilltop	$ 102,667	$ 131,350	$ 208,734	$ 190,506

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Cash flow hedge, tax	$ (71)	$ (110)	$ 434	$ (1,043)
Net unrealized gains on securities available for sale, tax	1,799	(4,175)	927	4,653
Reclassification adjustment, tax	$ 0	$ (21)	$ 2	$ 36

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	ParentCumulative Effect, Period of Adoption, Adjustment	Parent	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Deferred Compensation Employee Stock Trust, Net	Employee Stock Trust	Noncontrolling Interest	Cumulative Effect, Period of Adoption, Adjustment	Total
Balance at Dec. 31, 2019	$ (5,691)	$ 2,103,039	$ 906	$ 1,445,233	$ 11,419	$ (5,691)	$ 644,860	$ 776	$ (155)	$ 25,757	$ (5,691)	$ 2,128,796
Balance (in shares) at Dec. 31, 2019			90,641,000						8,000
Increase (Decrease) in Stockholders' Equity
Net income		178,112					178,112			10,905		189,017
Other comprehensive income (loss)		12,394			12,394							12,394
Stock-based compensation expense		6,759		6,759								6,759
Common stock issued to board members		292		292								292
Common stock issued to board members (in shares)			18,000
Issuance of common stock related to share-based awards, net		(1,024)	$ 3	(1,027)								(1,024)
Issuance of common stock related to share-based awards, net (in shares)			284,000
Repurchases of common stock		(15,249)	$ (7)	(11,571)			(3,671)					(15,249)
Repurchases of common stock (in shares)			(721,000)
Dividends on common stock		(16,279)					(16,279)					(16,279)
Deferred compensation plan		7						2	$ 5			7
Net cash distributed to noncontrolling interest										(6,889)		(6,889)
Balance at Jun. 30, 2020		2,262,360	$ 902	1,439,686	23,813		797,331	778	$ (150)	29,773		2,292,133
Balance (in shares) at Jun. 30, 2020			90,222,000						8,000
Balance at Mar. 31, 2020		2,136,711	$ 901	1,437,301	20,939		676,946	774	$ (150)	27,022		2,163,733
Balance (in shares) at Mar. 31, 2020			90,108,000						8,000
Increase (Decrease) in Stockholders' Equity
Net income		128,476					128,476			6,939		135,415
Other comprehensive income (loss)		2,874			2,874							2,874
Stock-based compensation expense		3,117		3,117								3,117
Common stock issued to board members		146		146								146
Common stock issued to board members (in shares)			8,000
Issuance of common stock related to share-based awards, net		(555)	$ 1	(556)								(555)
Issuance of common stock related to share-based awards, net (in shares)			126,000
Repurchases of common stock		(292)		(322)			30					(292)
Repurchases of common stock (in shares)			(20,000)
Dividends on common stock		(8,121)					(8,121)					(8,121)
Deferred compensation plan		4						4				4
Net cash distributed to noncontrolling interest										(4,188)		(4,188)
Balance at Jun. 30, 2020		2,262,360	$ 902	1,439,686	23,813		797,331	778	$ (150)	29,773		2,292,133
Balance (in shares) at Jun. 30, 2020			90,222,000						8,000
Balance at Dec. 31, 2020		2,323,939	$ 822	1,317,929	17,763		986,792	771	$ (138)	26,708		2,350,647
Balance (in shares) at Dec. 31, 2020			82,185,000						7,000
Increase (Decrease) in Stockholders' Equity
Net income		219,404					219,404			6,473		225,877
Other comprehensive income (loss)		(10,670)			(10,670)							(10,670)
Stock-based compensation expense		8,786		8,786								8,786
Common stock issued to board members		297		297								297
Common stock issued to board members (in shares)			8,000
Issuance of common stock related to share-based awards, net		(2,250)	$ 3	(2,253)								(2,250)
Issuance of common stock related to share-based awards, net (in shares)			351,000
Repurchases of common stock		(49,471)	$ (13)	(22,320)			(27,138)					$ (49,471)
Repurchases of common stock (in shares)			(1,391,000)									(1,390,721)
Dividends on common stock		(19,754)					(19,754)					$ (19,754)
Deferred compensation plan								(17)	$ 17
Deferred compensation plan (in shares)									(1,000)
Net cash distributed to noncontrolling interest										(7,086)		(7,086)
Balance at Jun. 30, 2021		2,470,281	$ 812	1,302,439	7,093		1,159,304	754	$ (121)	26,095		2,496,376
Balance (in shares) at Jun. 30, 2021			81,153,000						6,000
Balance at Mar. 31, 2021		2,419,185	$ 823	1,319,518	3,486		1,094,727	752	$ (121)	26,830		2,446,015
Balance (in shares) at Mar. 31, 2021			82,261,000						6,000
Increase (Decrease) in Stockholders' Equity
Net income		99,060					99,060			2,873		101,933
Other comprehensive income (loss)		3,607			3,607							3,607
Stock-based compensation expense		4,192		4,192								4,192
Common stock issued to board members		150		150								150
Common stock issued to board members (in shares)			4,000
Issuance of common stock related to share-based awards, net		(1,504)	$ 1	(1,505)								(1,504)
Issuance of common stock related to share-based awards, net (in shares)			129,000
Repurchases of common stock		(44,522)	$ (12)	(19,916)			(24,594)					(44,522)
Repurchases of common stock (in shares)			(1,241,000)
Dividends on common stock		(9,889)					(9,889)					(9,889)
Deferred compensation plan		2						2				2
Net cash distributed to noncontrolling interest										(3,608)		(3,608)
Balance at Jun. 30, 2021		$ 2,470,281	$ 812	$ 1,302,439	$ 7,093		$ 1,159,304	$ 754	$ (121)	$ 26,095		$ 2,496,376
Balance (in shares) at Jun. 30, 2021			81,153,000						6,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jul. 22, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.12	$ 0.12	$ 0.09	$ 0.24	$ 0.18

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net income	$ 225,877	$ 189,017
Adjustments to reconcile net income to net cash used in operating activities:
Provision for (reversal of) credit losses	(33,829)	100,575
Depreciation, amortization and accretion, net	10,531	8,111
Deferred income taxes	2,380	742
Other, net	10,077	644
Net change in securities purchased under agreements to resell	(122,319)	(102,426)
Net change in trading securities	11,772	41,539
Net change in broker-dealer and clearing organization receivables	(190,385)	711,290
Net change in other assets	(45,972)	(136,942)
Net change in broker-dealer and clearing organization payables	44,751	(364,631)
Net change in other liabilities	(105,218)	30,443
Net change in securities sold, not yet purchased	53,161	11,523
Proceeds from sale of mortgage servicing rights asset	84,633	18,650
Change in valuation of mortgage servicing rights asset	(15,273)	19,505
Net gains from sales of loans	(466,705)	(445,803)
Loans originated for sale	(13,539,646)	(11,035,100)
Proceeds from loans sold	13,750,233	10,850,695
Net cash used in operating activities for continuing operations	(325,932)	(102,168)
Net cash used in operating activities for discontinued operations		(28,533)
Net cash used in operating activities	(325,932)	(130,701)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	22,887	49,918
Proceeds from sales, maturities and principal reductions of securities available for sale	385,411	194,336
Purchases of securities held to maturity		(7,080)
Purchases of securities available for sale	(764,283)	(357,307)
Net change in loans held for investment	249,069	(632,976)
Purchases of premises and equipment and other assets	(16,696)	(21,005)
Proceeds from sales of premises and equipment and other real estate owned	3,263	17,591
Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock	(72)	22,905
Net cash used in investing activities for continuing operations	(120,421)	(733,618)
Net cash provided by investing activities for discontinued operations		1,941
Net cash received from disposal of discontinued operations		84,763
Net cash used in investing activities	(120,421)	(646,914)
Financing Activities
Net change in deposits	517,962	2,535,125
Net change in short-term borrowings	220,024	(703,846)
Proceeds from notes payable	488,341	860,484
Payments on notes payable	(473,891)	(666,681)
Payments to repurchase common stock	(49,471)	(15,249)
Dividends paid on common stock	(19,754)	(16,279)
Net cash distributed to noncontrolling interest	(7,086)	(6,889)
Other, net	(2,586)	(1,336)
Net cash provided by financing activities	673,539	1,985,329
Net change in cash, cash equivalents and restricted cash	227,186	1,207,714
Cash, cash equivalents and restricted cash, beginning of period	1,353,303	642,789
Cash, cash equivalents and restricted cash, end of period	1,580,489	1,850,503
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	69,479	64,621
Cash paid for income taxes, net of refunds	55,498	5,976
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	1,805	12,455
Additions to mortgage services rights	$ 50,115	$ 63,915

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,372,818	$ 1,062,560	$ 1,655,492
Federal funds sold	387	386	385
Assets segregated for regulatory purposes	207,284	290,357	194,626
Total cash, cash equivalents and restricted cash	$ 1,580,489	$ 1,353,303	$ 1,850,503	$ 642,789

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	6 Months Ended
	Jun. 30, 2021
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 and mortgage origination subsidiaries. ​ On June 30, 2020, Hilltop completed the sale of all of the outstanding capital stock of National Lloyds Corporation (“NLC”), which comprised the operations of the former insurance segment, for cash proceeds of $154.1 million, and was subject to post-closing adjustments. Accordingly, NLC’s results for the three and six months ended June 30, 2020 have been presented as discontinued operations in the consolidated financial statements. For further details, see Note 3 to the consolidated financial statements. ​ The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units within continuing operations, PlainsCapital Corporation (“PCC”) and Hilltop Securities Holdings LLC (“Securities Holdings”). 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, clearing, securities lending, structured finance and retail brokerage services throughout the United States. Unless otherwise noted, the Company’s notes to the consolidated financial statements present information limited to continuing operations. ​ As a result of the spread of the novel coronavirus (“COVID-19”) pandemic, economic uncertainties have contributed to significant volatility in the global economy, as well as banking and other financial activity in the areas in which the Company operates. The effects of COVID-19 have had, and may continue to have, an adverse effect on the financial markets and overall economic conditions on an unprecedented scale. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of COVID-19. COVID-19 presents material uncertainty which could have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows. ​ 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, 2020 (“2020 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 credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible 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. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. ​ 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”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, 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”), Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop % 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 20 to the consolidated financial statements included in the Company’s 2020 Form 10-K 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. 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 2020 Form 10-K. ​

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2021
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards ​ Accounting Standards Adopted During 2021 ​ In January 2020, FASB issued ASU 2020-01 to clarify the interaction among ASC 321, ASC 323, and ASC 815 for equity securities, equity method investments, and certain financial instruments to acquire equity securities. ASU 2020-01 clarifies whether re-measurement of equity investments is appropriate when observable transactions cause the equity method to be triggered or discontinued. ASU 2020-01 also provides that certain forward contracts and purchased options to acquire equity securities will be measured under ASC 321 without an assessment of subsequent accounting upon settlement or exercise. The amendment is effective in periods beginning after December 15, 2020. The Company adopted the provisions of this amendment as of January 1, 2021. The adoption of these provisions did not have a material impact on its consolidated financial statements. ​ ​

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations
Discontinued Operations	T 3. Discontinued Operations ​ NLC Sale ​ On June 30, 2020, Hilltop completed the sale of all of the outstanding capital stock of NLC, which comprised the operations of the insurance segment, for cash proceeds of $154.1 million. During 2020, Hilltop recognized an aggregate gain associated with this transaction of $36.8 million, net of customary transaction costs of $5.1 million and was subject to post-closing adjustments. The resulting book gain from this sale transaction was not recognized for tax purposes due to the excess tax basis over book basis being greater than the recorded book gain. Any tax loss related to this transaction is deemed disallowed pursuant to the rules under the Internal Revenue Code. ​ During the first quarter of 2020, management determined that the then-pending sale of NLC met the criteria to be presented as discontinued operations. All related notes to the consolidated financial statements for discontinued operations have been included in this note. The following table presents the results of discontinued operations for NLC for the periods indicated (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, 2020 ​ June 30, 2020 Interest income: ​ ​ ​ ​ ​ Securities: ​ ​ ​ ​ ​ Taxable $ 814 ​ $ 1,752 Other ​ 4 ​ ​ 71 Total interest income ​ 818 ​ ​ 1,823 ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ Notes payable ​ 369 ​ ​ 775 ​ ​ ​ ​ ​ ​ Noninterest income: ​ ​ ​ ​ ​ Net insurance premiums earned ​ 32,440 ​ ​ 65,077 Other ​ 5,297 ​ ​ 3,051 Total noninterest income ​ 37,737 ​ ​ 68,128 ​ ​ ​ ​ ​ ​ Noninterest expense: ​ ​ ​ ​ ​ Employees' compensation and benefits ​ 3,225 ​ ​ 6,002 Occupancy and equipment, net ​ 217 ​ ​ 464 Professional services ​ 9,674 ​ ​ 18,201 Loss and loss adjustment expenses ​ 25,470 ​ ​ 38,419 Other ​ 1,511 ​ ​ 3,987 Total noninterest expense ​ 40,097 ​ ​ 67,073 ​ ​ ​ ​ ​ ​ Income (loss) from discontinued operations before income taxes ​ (1,911) ​ ​ 2,103 Gain on disposal of discontinued operations ​ 32,341 ​ ​ 32,341 Income tax expense (benefit) ​ (345) ​ ​ 518 Income from discontinued operations, net of income taxes $ 30,775 ​ $ 33,926 ​ Reinsurance Activity ​ The effects of reinsurance on premiums written and earned are included within discontinued operations and are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ June 30, 2020 ​ June 30, 2020 ​ ​ Written Earned Written Earned Premiums from direct business ​ $ 33,831 ​ $ 30,638 ​ $ 63,811 ​ $ 61,384 ​ Reinsurance assumed ​ 3,444 ​ 3,208 ​ 6,396 ​ 6,452 ​ Reinsurance ceded ​ (1,406) ​ (1,406) ​ (2,759) ​ (2,759) ​ Net premiums ​ $ 35,869 ​ $ 32,440 ​ $ 67,448 ​ $ 65,077 ​ ​ ​ The effects of reinsurance on incurred losses and LAE are included within discontinued operations and are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, 2020 June 30, 2020 Losses and LAE incurred ​ $ 25,462 ​ $ 38,225 ​ Reinsurance recoverables ​ 8 ​ 194 ​ Net loss and LAE incurred ​ $ 25,470 ​ $ 38,419 ​ ​

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
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 estimates about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . ​ Fair Value Option ​ The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the 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, 2021 and December 31, 2020, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $2.61 billion and $2.52 billion, respectively, and the unpaid principal balance of those loans was $2.52 billion and $2.41 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, as further described below. 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, 2021 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 6,189 ​ $ 676,294 ​ $ — ​ $ 682,483 ​ Available for sale securities ​ ​ — ​ ​ 1,817,807 ​ ​ — ​ ​ 1,817,807 ​ Equity securities ​ ​ 193 ​ ​ — ​ ​ — ​ ​ 193 ​ Loans held for sale ​ ​ — ​ ​ 2,537,601 ​ ​ 71,433 ​ ​ 2,609,034 ​ Derivative assets ​ ​ — ​ ​ 84,480 ​ ​ — ​ ​ 84,480 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 124,497 ​ ​ 124,497 ​ Securities sold, not yet purchased ​ ​ 109,571 ​ ​ 23,379 ​ ​ — ​ ​ 132,950 ​ Derivative liabilities ​ ​ — ​ ​ 38,282 ​ ​ — ​ ​ 38,282 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2020 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 45,390 ​ $ 648,865 ​ $ — ​ $ 694,255 ​ Available for sale securities ​ ​ — ​ ​ 1,462,205 ​ ​ — ​ ​ 1,462,205 ​ Equity securities ​ ​ 140 ​ ​ — ​ ​ — ​ ​ 140 ​ Loans held for sale ​ ​ — ​ ​ 2,449,588 ​ ​ 71,816 ​ ​ 2,521,404 ​ Derivative assets ​ ​ — ​ ​ 126,898 ​ ​ — ​ ​ 126,898 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 143,742 ​ ​ 143,742 ​ Securities sold, not yet purchased ​ ​ 54,494 ​ ​ 25,295 ​ ​ — ​ ​ 79,789 ​ Derivative liabilities ​ ​ — ​ ​ 74,598 ​ ​ — ​ ​ 74,598 ​ ​ 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ ​ ​ Transfers ​ ​ Other ​ ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Period ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 77,275 ​ $ 18,962 ​ $ (22,272) ​ $ (2,549) ​ $ 17 ​ $ — ​ $ 71,433 MSR asset ​ 142,125 ​ ​ 15,815 ​ ​ (31,850) ​ ​ — ​ ​ (1,593) ​ ​ — ​ 124,497 Total ​ $ 219,400 ​ $ 34,777 ​ $ (54,122) ​ $ (2,549) ​ $ (1,576) ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 31,456 ​ $ (29,511) ​ $ (1,808) ​ $ (520) ​ $ — ​ $ 71,433 MSR asset ​ ​ 143,742 ​ ​ 50,115 ​ ​ (84,633) ​ ​ — ​ ​ 15,273 ​ ​ — ​ ​ 124,497 Total ​ $ 215,558 ​ $ 81,571 ​ $ (114,144) ​ $ (1,808) ​ $ 14,753 ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 79,588 ​ $ 34,339 ​ $ (26,768) ​ $ 2,746 ​ $ 2,031 ​ $ — ​ $ 91,936 MSR asset ​ ​ 30,299 ​ ​ 59,440 ​ ​ — ​ ​ — ​ ​ (8,475) ​ ​ — ​ ​ 81,264 Total ​ $ 109,887 ​ $ 93,779 ​ $ (26,768) ​ $ 2,746 ​ $ (6,444) ​ $ — ​ $ 173,200 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 67,195 ​ $ 48,623 ​ $ (30,943) ​ $ 8,967 ​ $ (1,906) ​ $ — ​ $ 91,936 MSR asset ​ ​ 55,504 ​ ​ 63,915 ​ ​ (18,650) ​ ​ — ​ ​ (19,505) ​ ​ — ​ ​ 81,264 Total ​ $ 122,699 ​ $ 112,538 ​ $ (49,593) ​ $ 8,967 ​ $ (21,411) ​ $ — ​ $ 173,200 ​ 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, 2021. ​ For Level 3 financial instruments measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs June 30, 2021 ​ December 31, 2020 Loans ​ Market comparable ​ Projected price ​ 91 - 95 % ( 95 %) ​ 91 - 94 % ( 94 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ ​ 12.60 % ​ ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 13.77 % ​ ​ ​ ​ ​ 14.60 % ​ ​ 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 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 and discount rates, the most significant unobservable inputs, are discussed further in Note 8 to the consolidated financial statements. The decrease in the discount rates used to value the MSR asset at June 30, 2021, compared to December 31, 2020, reflect the effect of increased mortgage rates reducing consumer refinancing activity and an increase in third-party servicing outlets. ​ 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, 2021 ​ Three Months Ended June 30, 2020 ​ ​ ​ 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 ​ $ 45,439 ​ $ — ​ $ 45,439 ​ $ 24,499 ​ $ — ​ $ 24,499 ​ MSR asset ​ (1,593) ​ — ​ (1,593) ​ (8,475) ​ — ​ (8,475) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2021 ​ Six Months Ended June 30, 2020 ​ ​ ​ 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 ​ $ (22,517) ​ $ — ​ $ (22,517) ​ $ 58,478 ​ $ — ​ $ 58,478 ​ MSR asset ​ 15,273 ​ — ​ 15,273 ​ (19,505) ​ — ​ (19,505) ​ ​ 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 no changes to the methods for determining estimated fair value for financial assets and liabilities as described in detail in Note 5 to the consolidated financial statements included in the Company’s 2020 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, 2021 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,373,205 ​ $ 1,373,205 ​ $ — ​ $ — ​ $ 1,373,205 ​ Assets segregated for regulatory purposes ​ ​ 207,284 ​ ​ 207,284 ​ ​ — ​ ​ — ​ ​ 207,284 ​ Securities purchased under agreements to resell ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ Held to maturity securities ​ ​ 288,776 ​ ​ — ​ ​ 301,161 ​ ​ — ​ ​ 301,161 ​ Loans held for sale ​ ​ 276,424 ​ ​ — ​ ​ 276,424 ​ ​ — ​ ​ 276,424 ​ Loans held for investment, net ​ ​ 7,529,958 ​ ​ — ​ ​ 628,672 ​ ​ 7,137,187 ​ ​ 7,765,859 ​ Broker-dealer and clearing organization receivables ​ 1,403,447 ​ — ​ 1,403,447 ​ — ​ 1,403,447 ​ Other assets ​ 75,832 ​ — ​ 74,054 ​ 1,778 ​ 75,832 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,733,785 ​ — ​ 11,741,434 ​ — ​ 11,741,434 ​ Broker-dealer and clearing organization payables ​ 1,439,620 ​ — ​ 1,439,620 ​ — ​ 1,439,620 ​ Short-term borrowings ​ 915,919 ​ — ​ 915,919 ​ — ​ 915,919 ​ Debt ​ 463,665 ​ — ​ 463,665 ​ — ​ 463,665 ​ Other liabilities ​ 5,543 ​ — ​ 5,543 ​ — ​ 5,543 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2020 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,062,946 ​ $ 1,062,946 ​ $ — ​ $ — ​ $ 1,062,946 ​ Assets segregated for regulatory purposes ​ ​ 290,357 ​ ​ 290,357 ​ ​ — ​ ​ — ​ ​ 290,357 ​ Securities purchased under agreements to resell ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ Held to maturity securities ​ ​ 311,944 ​ ​ — ​ ​ 326,671 ​ ​ — ​ ​ 326,671 ​ Loans held for sale ​ ​ 266,982 ​ ​ — ​ ​ 266,982 ​ ​ — ​ ​ 266,982 ​ Loans held for investment, net ​ ​ 7,544,097 ​ ​ — ​ ​ 437,007 ​ ​ 7,351,411 ​ ​ 7,788,418 ​ Broker-dealer and clearing organization receivables ​ 1,404,727 ​ — ​ 1,404,727 ​ — ​ 1,404,727 ​ Other assets ​ 74,881 ​ — ​ 73,111 ​ 1,770 ​ 74,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,242,319 ​ — ​ 11,256,629 ​ — ​ 11,256,629 ​ Broker-dealer and clearing organization payables ​ 1,368,373 ​ — ​ 1,368,373 ​ — ​ 1,368,373 ​ Short-term borrowings ​ 695,798 ​ — ​ 695,798 ​ — ​ 695,798 ​ Debt ​ 448,999 ​ — ​ 448,999 ​ — ​ 448,999 ​ Other liabilities ​ 6,133 ​ — ​ 6,133 ​ — ​ 6,133 ​ ​ The Company held equity investments other than securities of $64.8 million and $63.6 million at June 30, 2021 and December 31, 2020, respectively, which are included within other assets in the consolidated balance sheets. Of the $64.8 million of such equity investments held at June 30, 2021, $27.0 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, ​ 2021 2020 ​ 2021 2020 Balance, beginning of period $ 22,905 $ 19,088 ​ $ 22,844 $ 19,771 Upward adjustments ​ ​ 5,763 ​ ​ 1,525 ​ ​ 5,884 ​ ​ 1,631 Impairments and downward adjustments ​ ​ (704) ​ ​ — ​ ​ (764) ​ ​ (789) Dispositions ​ (975) ​ — ​ (975) ​ — Balance, end of period ​ $ 26,989 ​ $ 20,613 ​ $ 26,989 ​ $ 20,613 ​

Securities

Securities	6 Months Ended
	Jun. 30, 2021
Securities
Securities	​ 5. Securities ​ The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2021 2020 U.S. Treasury securities $ 1,289 $ 40,491 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 15,764 ​ ​ 40 ​ ​ Residential mortgage-backed securities ​ 187,488 ​ 336,081 ​ ​ Commercial mortgage-backed securities ​ — ​ 876 ​ ​ Collateralized mortgage obligations ​ ​ 117,257 ​ ​ 69,172 ​ ​ Corporate debt securities ​ ​ 82,379 ​ ​ 62,481 ​ ​ States and political subdivisions ​ ​ 266,707 ​ ​ 171,573 ​ ​ Private-label securitized product ​ ​ 6,624 ​ ​ 8,571 ​ ​ Other ​ ​ 4,975 ​ ​ 4,970 ​ ​ Totals ​ $ 682,483 ​ $ 694,255 ​ ​ ​ In addition to the securities shown above, 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 $133.0 million and $79.8 million at June 30, 2021 and December 31, 2020, 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, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 4,970 ​ $ 4 ​ $ — ​ $ 4,974 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 49,273 ​ ​ 934 ​ ​ (308) ​ ​ 49,899 ​ Residential mortgage-backed securities ​ 917,373 ​ 12,107 ​ (4,993) ​ 924,487 ​ Commercial mortgage-backed securities ​ ​ 152,607 ​ 520 ​ (4,292) ​ 148,835 ​ Collateralized mortgage obligations ​ 639,721 ​ 4,903 ​ (3,166) ​ 641,458 ​ States and political subdivisions ​ 46,088 ​ 2,191 ​ (125) ​ 48,154 ​ Totals ​ $ 1,810,032 ​ $ 20,659 ​ $ (12,884) ​ $ 1,817,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2020 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ $ 82,036 ​ $ 1,095 ​ $ (325) ​ $ 82,806 ​ Residential mortgage-backed securities ​ 624,863 ​ 17,194 ​ (446) ​ 641,611 ​ Commercial mortgage-backed securities ​ ​ 124,929 ​ 768 ​ (1,159) ​ 124,538 ​ Collateralized mortgage obligations ​ 559,362 ​ 6,916 ​ (370) ​ 565,908 ​ States and political subdivisions ​ 44,729 ​ 2,613 ​ — ​ 47,342 ​ Totals ​ $ 1,435,919 ​ $ 28,586 ​ $ (2,300) ​ $ 1,462,205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2021 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 11,637 ​ $ 570 ​ $ — ​ $ 12,207 Commercial mortgage-backed securities ​ ​ 151,812 ​ 7,620 ​ — ​ 159,432 Collateralized mortgage obligations ​ 56,737 ​ 1,380 ​ — ​ 58,117 States and political subdivisions ​ 68,590 ​ 2,817 ​ (2) ​ 71,405 Totals ​ $ 288,776 ​ $ 12,387 ​ $ (2) ​ $ 301,161 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2020 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 13,547 ​ $ 708 ​ $ — ​ $ 14,255 ​ Commercial mortgage-backed securities ​ ​ 152,820 ​ ​ 9,205 ​ ​ — ​ ​ 162,025 ​ Collateralized mortgage obligations ​ 74,932 ​ 2,036 ​ — ​ 76,968 ​ States and political subdivisions ​ 70,645 ​ 2,778 ​ — ​ 73,423 ​ Totals ​ $ 311,944 ​ $ 14,727 ​ $ — ​ $ 326,671 ​ ​ Additionally, the Company had unrealized net gains of $0.1 million at both June 30, 2021 and December 31, 2020 from equity securities with fair values of $0.2 million and $0.1 million held at June 30, 2021 and December 31, 2020, respectively. The Company recognized nominal net gains and net losses during the three and six months ended June 30, 2021 and 2020, respectively, due to changes in the fair value of equity securities still held at the balance sheet date. During the three and six months ended June 30, 2021 and 2020, net gains recognized from equity securities sold were nominal. ​ Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ $ 27,586 ​ $ 308 8 ​ $ 60,298 ​ $ 325 ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 4 ​ ​ 27,586 ​ ​ 308 8 ​ 60,298 ​ 325 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 50 ​ 530,979 ​ 4,908 15 ​ 86,287 ​ 429 ​ Unrealized loss for twelve months or longer 1 ​ 4,878 ​ 85 — ​ — ​ — ​ ​ 51 ​ ​ 535,857 ​ ​ 4,993 15 ​ 86,287 ​ 429 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 142,151 ​ 4,292 10 ​ 105,386 ​ 1,176 ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 14 ​ ​ 142,151 ​ ​ 4,292 10 ​ 105,386 ​ 1,176 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 33 ​ 325,737 ​ 3,137 10 ​ 101,990 ​ 324 ​ Unrealized loss for twelve months or longer 3 ​ 3,605 ​ 29 5 ​ 13,611 ​ 46 ​ ​ 36 ​ ​ 329,342 ​ ​ 3,166 15 ​ 115,601 ​ 370 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 11 ​ 4,520 ​ 125 — ​ — ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 11 ​ ​ 4,520 ​ ​ 125 — ​ — ​ — ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 112 ​ 1,030,973 ​ 12,770 43 ​ 353,961 ​ 2,254 ​ Unrealized loss for twelve months or longer 4 ​ 8,483 ​ 114 5 ​ 13,611 ​ 46 ​ ​ 116 ​ $ 1,039,456 ​ $ 12,884 48 ​ $ 367,572 ​ $ 2,300 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 620 ​ $ 2 2 ​ $ 578 ​ $ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 2 ​ 620 ​ 2 2 ​ 578 ​ — ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 620 ​ 2 2 ​ 578 ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 2 ​ $ 620 ​ $ 2 2 ​ $ 578 ​ $ — ​ 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, 2021 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 ​ $ 5,087 ​ $ 5,117 ​ $ 853 ​ $ 877 ​ Due after one year through five years ​ 36,001 ​ 37,187 ​ 1,182 ​ 1,206 ​ Due after five years through ten years ​ 14,616 ​ 15,202 ​ 10,596 ​ 11,024 ​ Due after ten years ​ 44,627 ​ 45,521 ​ 55,959 ​ 58,298 ​ ​ ​ 100,331 ​ 103,027 ​ 68,590 ​ 71,405 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 917,373 ​ 924,487 ​ 11,637 ​ 12,207 ​ Collateralized mortgage obligations ​ 639,721 ​ 641,458 ​ 56,737 ​ 58,117 ​ Commercial mortgage-backed securities ​ 152,607 ​ 148,835 ​ 151,812 ​ 159,432 ​ ​ ​ $ 1,810,032 ​ $ 1,817,807 ​ $ 288,776 ​ $ 301,161 ​ ​ The Company recognized net gains of $11.1 million and $13.5 million from its trading portfolio during the three months ended June 30, 2021 and 2020, respectively, and $19.8 million and $20.5 million during the six months ended June 30, 2021 and 2020, respectively. In addition, the Hilltop Broker-Dealers realized net losses from structured product trading activities of $8.9 million and net gains from structured product trading activities of $20.8 million during the three months ended June 30, 2021 and 2020, respectively, and net gains from structured product trading activities of $35.1 million and $42.2 million during the six months ended June 30, 2021 and 2020, respectively. The Company had nominal other realized gains on securities during the three months ended June 30, 2021 and 2020, respectively. Other realized losses on securities during the six months ended June 30, 2021 were $0.1 million, compared with other realized gains on securities of $0.2 million during the six months ended June 30, 2020. All such realized gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. ​ Securities with a carrying amount of $551.8 million and $712.3 million (with a fair value of $569.7 million and $733.8 million, respectively) at June 30, 2021 and December 31, 2020, 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 the available for sale and held to maturity securities portfolios at June 30, 2021 and December 31, 2020. ​ 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 enterprises, and conditionally guaranteed by the full faith and credit of the United States.

Loans Held for Investment

Loans Held for Investment	6 Months Ended
	Jun. 30, 2021
Loans Held for Investment
Loans Held for Investment	6. Loans Held for Investment ​ The Bank originates loans to customers primarily in Texas. Although the Bank has diversified loan and leasing portfolios and, generally, holds collateral against amounts advanced to customers, its debtors’ ability to honor their contracts is substantially dependent upon the general economic conditions of the region and of the industries in which its debtors operate, which consist primarily of agribusiness, construction, energy, real estate and wholesale/retail trade. The Hilltop Broker-Dealers make loans to customers and correspondents through transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control risk by requiring customers to maintain collateral in compliance with various regulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for loans are not included in the consolidated financial statements. ​ Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 ​ Commercial real estate ​ $ 3,090,480 ​ $ 3,133,903 ​ Commercial and industrial (1) ​ 2,232,035 ​ ​ 2,627,774 ​ Construction and land development ​ 770,779 ​ ​ 828,852 ​ 1-4 family residential ​ ​ 893,243 ​ ​ 629,938 ​ Consumer ​ ​ 30,018 ​ ​ 35,667 ​ Broker-dealer (2) ​ ​ 628,672 ​ ​ 437,007 ​ ​ ​ 7,645,227 ​ 7,693,141 ​ Allowance for credit losses ​ (115,269) ​ ​ (149,044) ​ Total loans held for investment, net of allowance ​ $ 7,529,958 ​ $ 7,544,097 ​ (1) Included loans totaling $261.2 million and $486.7 million at June 30, 2021 and December 31, 2020, respectively, funded through the Paycheck Protection Program. (2) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations. ​ ​ The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ Allowance Allowance Total Allowance Allowance Total 2021 2020 2021 2020 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 965 ​ $ 366 ​ $ 1,331 ​ $ 1,213 ​ $ 445 ​ $ 1,658 ​ $ 54 ​ $ 86 ​ $ 128 ​ $ (11) Owner occupied ​ 3,103 ​ ​ 2,777 ​ ​ 5,880 ​ 3,473 ​ ​ 6,002 ​ ​ 9,475 ​ ​ 139 ​ ​ 69 ​ ​ 229 ​ ​ 85 Commercial and industrial ​ ​ 10,077 ​ ​ 22,956 ​ ​ 33,033 ​ ​ 10,821 ​ ​ 23,228 ​ ​ 34,049 ​ ​ 331 ​ ​ 102 ​ ​ 474 ​ ​ 402 Construction and land development ​ 100 ​ ​ 374 ​ ​ 474 ​ 102 ​ ​ 405 ​ ​ 507 ​ ​ 20 ​ ​ 31 ​ ​ 35 ​ ​ 53 1-4 family residential ​ 1,254 ​ ​ 19,672 ​ ​ 20,926 ​ 4,726 ​ ​ 16,651 ​ ​ 21,377 ​ ​ 1,106 ​ ​ 182 ​ ​ 2,030 ​ ​ 1,165 Consumer ​ 26 ​ ​ — ​ ​ 26 ​ 28 ​ ​ — ​ ​ 28 ​ ​ (121) ​ ​ 2 ​ ​ (121) ​ ​ (3) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 15,525 ​ $ 46,145 ​ $ 61,670 ​ $ 20,363 ​ $ 46,731 ​ $ 67,094 ​ $ 1,529 ​ $ 472 ​ $ 2,775 ​ $ 1,691 ​ At June 30, 2021 and December 31, 2020, $6.2 million and $10.9 million, respectively, of real estate loans secured by residential properties and classified as held for sale were in non-accrual status. ​ Loans accounted for on a non-accrual basis decreased $5.4 million from December 31, 2020 to June 30, 2021, primarily due to decreases in commercial real estate owner occupied loans of $3.6 million and in commercial and industrial loans of $1.0 million. The respective decreases in both commercial real estate owner occupied loans and commercial and industrial loans in non-accrual status since December 31, 2020 were primarily due to principal paydowns associated with two relationships. ​ The Company considers non-accrual loans to be collateral-dependent unless there are underlying mitigating circumstances. The practical expedient to measure the allowance using the fair value of the collateral has been implemented. ​ The Bank classifies loan modifications as troubled debt restructurings (“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. ​ In March 2020, the CARES Act was passed, which, among other things, allows the Bank to suspend the requirements for certain loan modifications to be categorized as a TDR, including the related impairment for accounting purposes. On December 27, 2020, the Consolidated Appropriations Act 2021 was signed into law . ​ There was one TDR granted during the three and six months ended June 30, 2021 with a balance at date of extension and at June 30, 2021 of $0.7 million that do not qualify for the CARES Act exemption. During the three months ended June 30, 2020 there was one TDR granted with a balance at date of extension of $6.8 million and a balance at June 30, 2020 of $2.0 million, while there were two TDRs granted during the six months ended June 30, 2020 with an aggregate balance at date of extension of $7.8 million and an aggregate balance at June 30, 2020 of $3.2 million. The Bank had $0.1 million of unadvanced commitments to borrowers whose loans had been restructured in TDRs at June 30, 2021 and nominal commitments to such borrowers at December 31, 2020. There were no TDRs granted during the twelve months preceding June 30, 2021 and June 30, 2020, for which a payment was at least 30 days past due. ​ 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 Past ​ Current ​ Total ​ Past Due June 30, 2021 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 877 ​ $ — ​ $ 614 ​ $ 1,491 ​ $ 1,749,941 ​ $ 1,751,432 ​ $ — ​ Owner occupied ​ 389 ​ ​ 586 ​ ​ 3,481 ​ ​ 4,456 ​ ​ 1,334,592 ​ ​ 1,339,048 ​ ​ — ​ Commercial and industrial ​ ​ 112 ​ ​ 11,514 ​ ​ 6,501 ​ ​ 18,127 ​ ​ 2,213,908 ​ ​ 2,232,035 ​ ​ — ​ Construction and land development ​ 186 ​ ​ 92 ​ ​ — ​ ​ 278 ​ ​ 770,501 ​ ​ 770,779 ​ ​ — ​ 1-4 family residential ​ 3,825 ​ ​ 1,765 ​ ​ 9,055 ​ ​ 14,645 ​ ​ 878,598 ​ ​ 893,243 ​ ​ — ​ Consumer ​ 72 ​ ​ 15 ​ ​ 26 ​ ​ 113 ​ ​ 29,905 ​ ​ 30,018 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 628,672 ​ ​ 628,672 ​ ​ — ​ ​ ​ $ 5,461 ​ $ 13,972 ​ $ 19,677 ​ $ 39,110 ​ $ 7,606,117 ​ $ 7,645,227 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Loans Past Due ​ Loans Past Due ​ Total Past ​ Current ​ Total ​ Past Due December 31, 2020 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,919 ​ $ — ​ $ 199 ​ $ 2,118 ​ $ 1,786,193 ​ $ 1,788,311 ​ $ — ​ Owner occupied ​ 195 ​ ​ 522 ​ ​ 8,328 ​ ​ 9,045 ​ ​ 1,336,547 ​ ​ 1,345,592 ​ ​ — ​ Commercial and industrial ​ ​ 3,114 ​ ​ 407 ​ ​ 7,318 ​ ​ 10,839 ​ ​ 2,616,935 ​ ​ 2,627,774 ​ ​ 6 ​ Construction and land development ​ 19 ​ ​ — ​ ​ — ​ ​ 19 ​ ​ 828,833 ​ ​ 828,852 ​ ​ — ​ 1-4 family residential ​ 8,110 ​ ​ 3,040 ​ ​ 12,420 ​ ​ 23,570 ​ ​ 606,368 ​ ​ 629,938 ​ ​ — ​ Consumer ​ 172 ​ ​ 123 ​ ​ 26 ​ ​ 321 ​ ​ 35,346 ​ ​ 35,667 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 437,007 ​ ​ 437,007 ​ ​ — ​ ​ ​ $ 13,529 ​ $ 4,092 ​ $ 28,291 ​ $ 45,912 ​ $ 7,647,229 ​ $ 7,693,141 ​ $ 6 ​ ​ In addition to the loans shown in the tables above, PrimeLending had $245.8 million and $243.6 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $247.5 million and $245.5 million, respectively) that were 90 days past due and accruing interest at June 30, 2021 and December 31, 2020, respectively. These loans are guaranteed by U.S. government agencies and include loans that are subject to repurchase, or have been repurchased, by PrimeLending. ​ In response to the COVID-19 pandemic, the Company allowed modifications, such as payment deferrals for up to 90 days and temporary forbearance, to credit-worthy borrowers who are experiencing temporary hardship due to the effects of COVID-19. These short-term modifications generally meet the criteria of the CARES Act and, therefore, they are not reported as past due or placed on non-accrual status (provided the loans were not past due or on non-accrual status prior to the deferral). The Company elected to accrue and recognize interest income on these modifications during the payment deferral period. ​ Additionally, the Company granted temporary forbearance to borrowers of a federally backed mortgage loan experiencing financial hardship due, directly or indirectly, to the COVID-19 pandemic. The CARES Act, which among other things, established the ability for financial institutions to grant a forbearance for up to 180 days, which can be extended for an additional 180-day period upon the request of the borrower. During that time, no fees, penalties or interest beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the mortgage contract will accrue on the borrower’s account. As of June 30, 2021, PrimeLending had $145.1 million of loans subject to repurchase under a forbearance agreement related to delinquencies on or after April 1, 2020. ​ Management tracks credit quality trends on a quarterly basis related to: (i) past due levels, (ii) non-performing asset levels, (iii) classified loan levels, and (iv) general economic conditions in state and local markets. The Company defines classified loans as loans with a risk rating of substandard, doubtful or loss. There have been no changes to the risk rating internal grades utilized for commercial loans as described in detail in Note 7 to the consolidated financial statements in the Company’s 2020 Form 10-K. ​ The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2016 and ​ ​ ​ ​ ​ ​ June 30, 2021 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 6,265 ​ $ 17,804 ​ $ 24,294 ​ $ 10,316 ​ $ 2,392 ​ $ 19,772 ​ $ 613 ​ $ 81,456 Internal Grade 4-7 (Pass normal risk) ​ ​ 131,558 ​ ​ 190,921 ​ ​ 113,187 ​ ​ 103,111 ​ ​ 50,322 ​ ​ 100,061 ​ ​ 28,644 ​ ​ 717,804 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 77,697 ​ ​ 249,597 ​ ​ 145,589 ​ ​ 94,046 ​ ​ 68,835 ​ ​ 158,090 ​ ​ 2,480 ​ ​ 796,334 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 941 ​ ​ 1,227 ​ ​ 3,127 ​ ​ 3,451 ​ ​ — ​ ​ 8,746 Internal Grade 13 (Substandard accrual) ​ ​ 21,809 ​ ​ 15,922 ​ ​ 13,914 ​ ​ 25,130 ​ ​ 18,913 ​ ​ 49,967 ​ ​ 106 ​ ​ 145,761 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,331 ​ ​ — ​ ​ 1,331 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 92,453 ​ $ 58,760 ​ $ 17,562 ​ $ 20,835 ​ $ 36,471 ​ $ 37,245 ​ $ 1 ​ $ 263,327 Internal Grade 4-7 (Pass normal risk) ​ ​ 59,804 ​ ​ 161,620 ​ ​ 130,146 ​ ​ 107,245 ​ ​ 51,786 ​ ​ 117,746 ​ ​ 25,094 ​ ​ 653,441 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 31,372 ​ ​ 104,569 ​ ​ 56,115 ​ ​ 98,448 ​ ​ 24,546 ​ ​ 40,277 ​ ​ 5,166 ​ ​ 360,493 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 3,181 ​ ​ 14,768 ​ ​ 5,368 ​ ​ 10,563 ​ ​ 6,895 ​ ​ 15,132 ​ ​ — ​ ​ 55,907 Internal Grade 14 (Substandard non-accrual) ​ ​ 743 ​ ​ 349 ​ ​ 1,260 ​ ​ 355 ​ ​ 2,291 ​ ​ 882 ​ ​ — ​ ​ 5,880 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 16,708 ​ $ 31,298 ​ $ 29,838 ​ $ 10,859 ​ $ 9,651 ​ $ 2,862 ​ $ 78,883 ​ $ 180,099 Internal Grade 4-7 (Pass normal risk) ​ ​ 67,493 ​ ​ 118,654 ​ ​ 37,872 ​ ​ 35,098 ​ ​ 17,248 ​ ​ 29,173 ​ ​ 269,711 ​ ​ 575,249 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 56,379 ​ ​ 93,993 ​ ​ 42,675 ​ ​ 18,077 ​ ​ 8,596 ​ ​ 7,745 ​ ​ 297,246 ​ ​ 524,711 Internal Grade 12 (Special mention) ​ ​ — ​ ​ 27 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,031 Internal Grade 13 (Substandard accrual) ​ ​ 1,676 ​ ​ 11,751 ​ ​ 1,537 ​ ​ 7,730 ​ ​ 4,241 ​ ​ 5,308 ​ ​ 18,404 ​ ​ 50,647 Internal Grade 14 (Substandard non-accrual) ​ ​ 6,468 ​ ​ 18,279 ​ ​ 3,266 ​ ​ 1,541 ​ ​ 248 ​ ​ 91 ​ ​ 3,140 ​ ​ 33,033 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 5,047 ​ $ 11,957 ​ $ 2,838 ​ $ 3,894 ​ $ 244 ​ $ 4,204 ​ $ 1,456 ​ $ 29,640 Internal Grade 4-7 (Pass normal risk) ​ ​ 120,398 ​ ​ 202,026 ​ ​ 64,753 ​ ​ 14,615 ​ ​ 1,943 ​ ​ 3,540 ​ ​ 39,268 ​ ​ 446,543 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 63,216 ​ ​ 99,810 ​ ​ 60,073 ​ ​ 12,951 ​ ​ 545 ​ ​ 3,887 ​ ​ 23,411 ​ ​ 263,893 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ — ​ ​ 29 ​ ​ 5,741 ​ ​ 5,369 ​ ​ — ​ ​ — ​ ​ 11,139 Internal Grade 14 (Substandard non-accrual) ​ ​ 391 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 83 ​ ​ — ​ ​ 474 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 626 ​ ​ 416 ​ ​ — ​ ​ 1,235 ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,277 FICO greater than 720 ​ ​ 6,404 ​ ​ 10,194 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,598 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 215 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 215 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 478 ​ $ 1,423 ​ $ 754 ​ $ 3,654 ​ $ 54 ​ $ 28,067 ​ $ 304 ​ $ 34,734 FICO between 620 and 720 ​ ​ 13,174 ​ ​ 13,132 ​ ​ 8,257 ​ ​ 9,015 ​ ​ 7,589 ​ ​ 39,970 ​ ​ 913 ​ ​ 92,050 FICO greater than 720 ​ ​ 324,320 ​ ​ 150,129 ​ ​ 66,263 ​ ​ 43,803 ​ ​ 21,882 ​ ​ 74,180 ​ ​ 4,929 ​ ​ 685,506 Substandard non-accrual ​ ​ 161 ​ ​ 14 ​ ​ 1,572 ​ ​ — ​ ​ 123 ​ ​ 19,056 ​ ​ — ​ ​ 20,926 Other (1) ​ ​ 33,199 ​ ​ 7,504 ​ ​ 8,969 ​ ​ 5,458 ​ ​ 798 ​ ​ 2,561 ​ ​ 1,538 ​ ​ 60,027 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 840 ​ $ 660 ​ $ 488 ​ $ 65 ​ $ 77 ​ $ 55 ​ $ 311 ​ $ 2,496 FICO between 620 and 720 ​ ​ 3,015 ​ ​ 2,285 ​ ​ 1,602 ​ ​ 276 ​ ​ 496 ​ ​ 97 ​ ​ 1,876 ​ ​ 9,647 FICO greater than 720 ​ ​ 2,489 ​ ​ 3,919 ​ ​ 1,151 ​ ​ 603 ​ ​ 79 ​ ​ 23 ​ ​ 3,362 ​ ​ 11,626 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25 ​ ​ 1 ​ ​ — ​ ​ 26 Other (1) ​ ​ 2,801 ​ ​ 2,327 ​ ​ 562 ​ ​ 70 ​ ​ 24 ​ ​ 33 ​ ​ 406 ​ ​ 6,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,150,380 ​ $ 1,594,108 ​ $ 840,875 ​ $ 645,961 ​ $ 344,810 ​ $ 764,890 ​ $ 809,266 ​ $ 6,150,290 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 605,047 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 261,218 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 628,672 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,645,227 (1) Loans classified in this category were assigned a FICO score based on various factors specific to the borrower for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2021
Allowance for Credit Losses
Allowance for Credit Losses	7. Allowance for Credit Losses ​ ​ ​ Available for Sale Securities and Held to Maturity Securities ​ The Company has evaluated available for sale debt securities that are in an unrealized loss position and has determined that any decline in value is unrelated to credit loss and related to changes in market interest rates since purchase. None of the available for sale debt securities held were past due at June 30, 2021. In addition, as of June 30, 2021, the Company had not made a decision to sell any of its debt securities held, nor did the Company consider it more likely than not that it would be required to sell such securities before recovery of their amortized cost basis. The Company does not expect to have credit losses associated with the debt securities and no allowance was recognized on the debt securities portfolio at transition. ​ Loans Held for Investment ​ The allowance for credit losses for loans held for investment represents management’s best estimate of all expected credit losses over the expected contractual life of our existing portfolio. Management revised its methodology for determining the allowance for credit losses upon the implementation of the current expected credit losses (“CECL”) standard. Management considers the level of allowance for credit losses to be a reasonable and supportable estimate of expected credit losses inherent within the loans held for investment portfolio as of June 30, 2021. While the Company believes it has an appropriate allowance for the existing loan portfolio at June 30, 2021, additional provision for losses on existing loans may be necessary in the future. Future changes in the allowance for credit losses are expected to be volatile given dependence upon, among other things, the portfolio composition and quality, as well as the impact of significant drivers, including prepayment assumptions and macroeconomic conditions and forecasts. In addition to the allowance for credit losses, the Company maintains a separate allowance for credit losses related to off-balance sheet credit exposures, including unfunded loan commitments, and this amount is included in other liabilities within the consolidated balance sheets. For further information on the policies that govern the estimation of the allowances for credit losses levels, see Note 1 to the consolidated financial statements in the Company’s 2020 Form 10-K. ​ One of the most significant judgments involved in estimating the Company’s allowance for credit losses relates to the macroeconomic forecasts used to estimate credit losses over the reasonable and supportable forecast period. To determine our best estimate of expected credit losses as of June 30, 2021, the Company utilized a single macroeconomic alternative baseline, or S7, scenario published by Moody’s Analytics in June 2021 that was updated to reflect the U.S. economic outlook. This alternative baseline scenario reflects the initial continuing recovery of the economy, as in the baseline scenario published by Moody’s Analytics, in addition to the risk of acceleration of inflation followed by a Federal Reserve policy response that would tighten credit and cause the economy to fall into recession. Significant variables that impact the modeled losses across our loan portfolios are the U.S. Real Gross Domestic Product, or GDP, growth rates and unemployment rate assumptions. Changes in these assumptions and forecasts of economic conditions could significantly affect the estimate of expected credit losses at the balance sheet date or between reporting periods. ​ The COVID-19 pandemic disrupted financial markets and overall economic conditions that have affected borrowers across our lending portfolios. Significant judgment is required to estimate the severity and duration of the current economic uncertainties, as well as its potential impact on borrower defaults and loss severity. In particular, macroeconomic conditions and forecasts are rapidly changing and remain highly uncertain as COVID-19 cases and vaccine effectiveness, as well as government stimulus and policy measures, evolve nationally and in key geographies. ​ During the first quarter of 2020, the Company adopted the new CECL standard and recorded transition adjustment entries that resulted in an allowance for credit losses of $73.7 million as of January 1, 2020, an increase of $12.6 million. This increase included an increase in credit losses of $18.9 million from the expansion of the loss horizon to life of loan, partially offset by the elimination of the non-credit component within the historical allowance related to previously categorized PCI loans of $6.3 million. ​ During the three and six months ended June 30, 2020, the significant build in the allowance included provision for credit losses on individually evaluated loans of $6.2 million and $23.8 million, respectively, while the provision for credit losses on expected losses of collectively evaluated loans accounted for $59.9 million and $76.6 million, respectively, of the total respective provision primarily due to the increase in the expected lifetime credit losses under CECL attributable to the deteriorating economic outlook associated with the impact of the market disruption caused by the COVID-19 pandemic. The changes in the allowance for credit losses during the noted periods were also attributable to other factors including, but not limited to, loan growth, loan mix and changes in risk rating grades. The change in the allowance during the three and six months ended June 30, 2020 was also impacted by net charge-offs of $16.4 million and $17.9 million, respectively, primarily associated with loans specifically reserved for during the first quarter of 2020. ​ During the three and six months ended June 30, 2021, the decreases in the allowance reflect improvement in both realized economic results and the macroeconomic outlook and were significantly comprised of net reversals of credit losses on expected losses of collectively evaluated loans of $27.7 million and $34.2 million, respectively. Such reversals were primarily due to improvements in the macroeconomic forecast assumptions and positive risk rating grade migration, including a high concentration of credits within the restaurant and commercial real estate industry sectors. The net impact to the allowance of changes associated with individually evaluated loans during the three months ended June 30, 2021 was a reversal of credit losses of $1.0 million, while the six months ended June 30, 2021 included a provision of credit losses of $0.4 million. The changes in the allowance for credit losses during the noted periods were primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior quarter. The changes in the allowance during the three months ended June 30, 2021 were also impacted by net charge-offs of $0.5 million, while the six months ended June 30, 2021 included net recoveries of $0.1 million. ​ Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Three Months Ended June 30, 2021 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 104,126 ​ $ — ​ $ (26,527) ​ $ (186) ​ $ 220 ​ $ 77,633 ​ Commercial and industrial ​ 28,513 ​ — ​ ​ (106) ​ ​ (1,242) ​ ​ 701 ​ 27,866 ​ Construction and land development ​ 7,249 ​ — ​ ​ (2,064) ​ ​ — ​ ​ — ​ 5,185 ​ 1-4 family residential ​ 3,388 ​ — ​ ​ 269 ​ ​ (51) ​ ​ 53 ​ 3,659 ​ Consumer ​ ​ 944 ​ ​ — ​ ​ (347) ​ ​ (74) ​ ​ 69 ​ ​ 592 ​ Broker-dealer ​ ​ 279 ​ ​ — ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 334 ​ Total ​ $ 144,499 ​ $ — ​ $ (28,720) ​ $ (1,553) ​ $ 1,043 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Six Months Ended June 30, 2021 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 109,629 ​ $ — ​ $ (32,044) ​ $ (186) ​ $ 234 ​ $ 77,633 ​ Commercial and industrial ​ 27,703 ​ ​ — ​ ​ 450 ​ ​ (1,421) ​ ​ 1,134 ​ 27,866 ​ Construction and land development ​ 6,677 ​ ​ — ​ ​ (1,492) ​ ​ — ​ ​ — ​ 5,185 ​ 1-4 family residential ​ 3,946 ​ ​ — ​ ​ (588) ​ ​ (161) ​ ​ 462 ​ 3,659 ​ Consumer ​ ​ 876 ​ ​ — ​ ​ (276) ​ ​ (153) ​ ​ 145 ​ ​ 592 ​ Broker-dealer ​ ​ 213 ​ ​ — ​ ​ 121 ​ ​ — ​ ​ — ​ ​ 334 ​ Total ​ $ 149,044 ​ $ — ​ $ (33,829) ​ $ (1,921) ​ $ 1,975 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Three Months Ended June 30, 2020 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 53,939 ​ $ — ​ $ 56,875 ​ $ (4,274) ​ $ 11 ​ $ 106,551 ​ Commercial and industrial ​ 38,550 ​ ​ — ​ ​ 5,176 ​ ​ (12,544) ​ ​ 681 ​ 31,863 ​ Construction and land development ​ 6,360 ​ ​ — ​ ​ 2,031 ​ ​ — ​ ​ 2 ​ 8,393 ​ 1-4 family residential ​ 6,365 ​ ​ — ​ ​ 1,199 ​ ​ (170) ​ ​ 5 ​ 7,399 ​ Consumer ​ ​ 1,203 ​ ​ — ​ ​ 319 ​ ​ (197) ​ ​ 104 ​ ​ 1,429 ​ Broker-dealer ​ ​ 322 ​ ​ — ​ ​ 426 ​ ​ — ​ ​ — ​ ​ 748 ​ Total ​ $ 106,739 ​ $ — ​ $ 66,026 ​ $ (17,185) ​ $ 803 ​ $ 156,383 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Six Months Ended June 30, 2020 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 31,595 ​ $ 8,073 ​ $ 71,350 ​ $ (4,488) ​ $ 21 ​ $ 106,551 ​ Commercial and industrial ​ 17,964 ​ ​ 3,193 ​ ​ 23,622 ​ ​ (13,984) ​ ​ 1,068 ​ 31,863 ​ Construction and land development ​ 4,878 ​ ​ 577 ​ ​ 2,938 ​ ​ (2) ​ ​ 2 ​ 8,393 ​ 1-4 family residential ​ 6,386 ​ ​ (29) ​ ​ 1,400 ​ ​ (373) ​ ​ 15 ​ 7,399 ​ Consumer ​ ​ 265 ​ ​ 748 ​ ​ 565 ​ ​ (373) ​ ​ 224 ​ ​ 1,429 ​ Broker-dealer ​ ​ 48 ​ ​ — ​ ​ 700 ​ ​ — ​ ​ — ​ ​ 748 ​ Total ​ $ 61,136 ​ $ 12,562 ​ $ 100,575 ​ $ (19,220) ​ $ 1,330 ​ $ 156,383 ​ ​ Unfunded Loan Commitments ​ The Bank uses a process similar to that used in estimating the allowance for credit losses on the funded portion to estimate the allowance for credit loss on unfunded loan commitments. The allowance is based on the estimated exposure at default, multiplied by the lifetime Probability of Default grade and Loss Given Default grade for that particular loan segment. The Bank estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type. The expected losses on unfunded commitments align with statistically calculated parameters used to calculate the allowance for credit losses on the funded portion. There is no reserve calculated for letters of credit as they are issued primarily as credit enhancements and the likelihood of funding is low. ​ Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2021 2020 ​ 2021 ​ 2020 Balance, beginning of period ​ $ 8,807 ​ $ 7,209 ​ $ 8,388 ​ $ 2,075 Transition adjustment CECL accounting standard ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,837 Other noninterest expense ​ ​ (826) ​ ​ 1,822 ​ ​ (407) ​ ​ 3,119 Balance, end of period ​ $ 7,981 ​ $ 9,031 ​ $ 7,981 ​ $ 9,031 ​ As previously discussed, the Company adopted the new CECL standard and recorded a transition adjustment entry that resulted in an allowance for credit losses of $5.9 million as of January 1, 2020. During the three and six months ended June 30, 2020, the increase in the reserve for unfunded commitments was primarily due to the macroeconomic uncertainties associated with the impact of the market disruption caused by COVID-19 conditions. During the three and six months ended June 30, 2021, the decreases in the reserve for unfunded commitments were primarily due to improvements in loan expected loss rates.

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2021
Mortgage Servicing Rights
Mortgage Servicing Rights	8. Mortgage Servicing Rights ​ The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2021 ​ 2020 2021 ​ 2020 ​ Balance, beginning of period $ 142,125 ​ $ 30,299 ​ $ 143,742 ​ $ 55,504 ​ Additions 15,815 ​ 59,440 ​ 50,115 ​ 63,915 ​ Sales (31,850) ​ — ​ (84,633) ​ (18,650) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 4,536 ​ (6,284) ​ 28,674 ​ (15,878) ​ Due to customer payoffs (6,129) ​ (2,191) ​ (13,401) ​ (3,627) ​ Balance, end of period $ 124,497 ​ $ 81,264 ​ $ 124,497 ​ $ 81,264 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 10,229,835 ​ $ 14,643,623 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.22 % 0.98 % (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. Included in the three and six months ended June 30, 2021 periods are MSR asset fair value adjustments totaling $9.2 million and $18.9 million, respectively, which reflect the difference between the MSR asset carrying values and the sale prices reflected in the letters of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​ The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ 2021 ​ 2020 ​ Weighted average constant prepayment rate 12.60 % ​ 12.15 % Weighted average discount rate 13.77 % ​ 14.60 % Weighted average life (in years) 6.2 ​ ​ 6.3 ​ ​ 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, ​ ​ 2021 2020 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,072) ​ $ (5,639) ​ Impact of 20% adverse change ​ (6,087) ​ (11,164) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (3,641) ​ (6,435) ​ Impact of 20% adverse change ​ (6,952) ​ (12,287) ​ ​ 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 $16.2 million and $5.1 million during the three months ended June 30, 2021 and 2020, respectively, and $32.3 million and $11.0 million during the six months ended June 30, 2021 and 2020, 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, 2021
Deposits
Deposits	9. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 ​ Noninterest-bearing demand ​ $ 4,231,082 ​ $ 3,612,384 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 2,607,332 ​ 2,399,341 ​ Brokered - demand ​ 4,950 ​ 282,426 ​ Money market ​ 3,118,975 ​ 2,716,878 ​ Brokered - money market ​ 208,032 ​ 124,243 ​ Savings ​ 293,886 ​ 276,327 ​ Time ​ 1,214,051 ​ 1,506,435 ​ Brokered - time ​ 55,477 ​ 324,285 ​ ​ ​ $ 11,733,785 ​ $ 11,242,319 ​ ​

Short-term Borrowings

Short-term Borrowings	6 Months Ended
	Jun. 30, 2021
Short-term Borrowings
Short-term Borrowings	10. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Federal funds purchased ​ $ 179,100 ​ $ 180,325 ​ Securities sold under agreements to repurchase ​ 178,072 ​ 237,856 ​ Federal Home Loan Bank ​ — ​ — ​ Short-term bank loans ​ ​ 189,500 ​ ​ — ​ Commercial paper ​ 369,247 ​ 277,617 ​ ​ ​ $ 915,919 ​ $ 695,798 ​ ​ Federal Funds Purchased and Securities Sold under Agreements to Repurchase ​ 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, ​ ​ ​ ​ 2021 ​ 2020 ​ Average balance during the period ​ $ 339,545 ​ $ 605,396 ​ ​ Average interest rate during the period ​ 0.36 % ​ 1.29 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2021 2020 ​ ​ Average interest rate at end of period ​ 0.31 % ​ 0.25 % ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 178,034 ​ $ 237,913 ​ ​ Estimated fair value ​ $ 191,759 ​ $ 262,554 ​ ​ ​ Federal Home Loan Bank (“FHLB”) ​ 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 table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ 2021 ​ 2020 ​ ​ Average balance during the period ​ $ — ​ $ 77,692 ​ ​ Average interest rate during the period ​ ​ — % ​ 1.62 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-Term Bank Loans ​ 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, 2021 was 1.25%. ​ Commercial Paper ​ Hilltop Securities uses the net proceeds (after deducting related issuance expenses) from the sale of two commercial paper programs for general corporate purposes, including working capital and the funding of a portion of its securities inventories. The commercial paper notes (“CP Notes”) may be issued with maturities of 14 days to 270 days from the date of issuance. The CP Notes are issued under two separate programs, Series 2019-1 CP Notes and Series 2019-2 CP Notes, in maximum aggregate amounts of $300 million and $200 million, respectively. The CP Notes are not redeemable prior to maturity or subject to voluntary prepayment and do not bear interest, but are sold at a discount to par. The CP Notes are secured by a pledge of collateral owned by Hilltop Securities. As of June 30, 2021, the weighted average maturity of the CP Notes was 157 days at a rate of 1.13%, with a weighted average remaining life of 78 days. At June 30, 2021, the aggregate amount outstanding under these secured arrangements was $369.2 million, which was collateralized by securities held for firm accounts valued at $401.8 million.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2021
Notes Payable
Notes Payable	11. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Senior Notes due April 2025, net of discount of $976 and $1,063, respectively ​ $ 149,024 ​ $ 148,937 Subordinated Notes due May 2030, net of discount of $749 and $793, respectively ​ ​ 49,251 ​ ​ 49,207 Subordinated Notes due May 2035, net of discount of $2,307 and $2,392, respectively ​ ​ 147,693 ​ ​ 147,608 Ventures Management lines of credit ​ 50,685 ​ 36,235 ​ ​ $ 396,653 ​ $ 381,987 ​ ​

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases
Leases	12. Leases ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ 2021 ​ ​ 2020 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,063) ​ ​ (4,768) Premises and equipment, net ​ $ 2,717 ​ $ 3,012 ​ The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Operating lease cost ​ $ 9,746 ​ $ 10,621 ​ $ 19,403 ​ $ 21,251 Less operating lease and sublease income ​ ​ (342) ​ ​ (354) ​ ​ (681) ​ ​ (972) Net operating lease cost ​ $ 9,404 ​ $ 10,267 ​ $ 18,722 ​ $ 20,279 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 295 ​ $ 295 Interest on lease liabilities ​ ​ 132 ​ ​ 141 ​ ​ 266 ​ ​ 285 Total finance lease cost ​ $ 279 ​ $ 288 ​ $ 561 ​ $ 580 ​ Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ 2021 ​ 2020 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 19,162 ​ $ 19,075 ​ Operating cash flows from finance leases ​ ​ 266 ​ ​ 285 ​ Financing cash flows from finance leases ​ ​ 336 ​ ​ 312 ​ Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 28,935 ​ $ 8,476 ​ Finance leases ​ ​ — ​ ​ — ​ ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification ​ Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 6.1 ​ 4.22 % ​ 5.5 ​ 4.67 % Finance ​ 5.2 ​ 4.83 % ​ 5.6 ​ 4.81 % ​ Future minimum lease payments under lease agreements as of June 30, 2021, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2021 $ 9,032 ​ $ 610 2022 ​ 32,434 ​ ​ 1,241 2023 ​ 27,330 ​ ​ 1,280 2024 ​ 19,480 ​ ​ 1,163 2025 ​ 14,828 ​ ​ 886 Thereafter ​ 49,165 ​ ​ 1,411 Total minimum lease payments ​ 152,269 ​ ​ 6,591 Less amount representing interest ​ (18,250) ​ ​ (2,067) Lease liabilities $ 134,019 ​ $ 4,524 ​ As of June 30, 2021, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $2.6 million. These operating leases are expected to commence in July 2021 with lease terms ranging from three

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes
Income Taxes	13. 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 from continuing operations were 23.5% and 23.3% for the three months ended June 30, 2021 and 2020, respectively, and 23.4% and 23.2% for the six months ended June 30, 2021 and 2020, respectively, and approximated the applicable statutory rates for such periods. ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies
Commitments and Contingencies	14. 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. 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. ​ The Company is involved in information-gathering requests and investigations (both formal and informal), as well as reviews, examinations and proceedings (collectively, “Inquiries”) by various governmental regulatory agencies, law enforcement authorities and self-regulatory bodies regarding certain of its businesses, business practices and policies, as well as the conduct of persons with whom it does business. Additional Inquiries will arise from time to time. In connection with those Inquiries, the Company receives document requests, subpoenas and other requests for information. The Inquiries could develop into administrative, civil or criminal proceedings or enforcement actions that could result in consequences that have a material effect on the Company’s consolidated financial position, results of operations or cash flows as a whole. Such consequences could include adverse judgments, findings, settlements, penalties, fines, orders, injunctions, restitution, or alterations in the Company’s business practices, and could result in additional expenses and collateral costs, including reputational damage. ​ PrimeLending received an investigative inquiry from the United States Attorney for the Western District of Virginia regarding PrimeLending’s float down option. At this time, the United States Attorney has requested certain materials with respect to this matter, and PrimeLending is fully cooperating with such requests. ​ While the final outcome of litigation and claims exposures or of any Inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and inquiries will not, except related to specific matters disclosed above, 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, including the matters discussed above, could be material to the Company’s business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. ​ 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. In addition, the mortgage origination segment has considered that GNMA, FNMA and FHLMC have imposed certain restrictions on loans the agencies will accept under a forbearance agreement resulting from the COVID-19 pandemic, which could increase the magnitude of indemnification losses on these loans. ​ 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 June 30, 2021 and December 31, 2020, the mortgage origination segment’s indemnification liability reserve totaled $26.4 million and $21.5 million, respectively. The provision for indemnification losses was $2.5 million and $3.9 million during the three months ended June 30, 2021 and 2020, respectively, and $5.5 million and $4.6 million during the six months ended June 30, 2021 and 2020, 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, ​ 2021 2020 ​ 2021 2020 Balance, beginning of period ​ $ 30,137 ​ $ 34,779 ​ $ 30,085 ​ $ 32,144 Claims made ​ 8,575 ​ 6,141 ​ 13,687 ​ 12,212 Claims resolved with no payment ​ (1,956) ​ (673) ​ (4,870) ​ (1,657) Repurchases ​ (3,446) ​ (5,053) ​ (5,257) ​ (7,383) Indemnification payments ​ (547) ​ — ​ (882) ​ (122) Balance, end of period ​ $ 32,763 ​ $ 35,194 ​ $ 32,763 ​ $ 35,194 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2021 2020 2021 2020 Balance, beginning of period ​ $ 24,261 ​ $ 12,148 ​ $ 21,531 ​ $ 11,776 Additions for new sales ​ 2,858 ​ 2,897 ​ 5,865 ​ 3,622 Repurchases ​ (274) ​ (210) ​ (398) ​ (480) Early payment defaults ​ (25) ​ (359) ​ (36) ​ (402) Indemnification payments ​ (122) ​ — ​ (264) ​ (40) Change in reserves for loans sold in prior years ​ (326) ​ 987 ​ (326) ​ 987 Balance, end of period ​ $ 26,372 ​ $ 15,463 ​ $ 26,372 ​ $ 15,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 502 ​ $ 961 ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 25,870 ​ 20,570 ​ ​ ​ ​ ​ ​ Total ​ $ 26,372 ​ $ 21,531 ​ ​ ​ ​ ​ ​ ​ 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.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2021
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	15. Financial Instruments with Off-Balance Sheet Risk ​ Banking ​ 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 $2.1 billion at June 30, 2021 and outstanding financial and performance standby letters of credit of $89.3 million at June 30, 2021. ​ The Bank uses the same credit policies in making commitments and standby letters of credit as it does for loans held for investment. 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. ​ Broker-Dealer ​ 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, 2021
Stock-Based Compensation
Stock-Based Compensation	16. Stock-Based Compensation ​ Since 2012, the Company has issued stock-based incentive awards pursuant to the Hilltop Holdings Inc. 2012 Equity Incentive Plan (the “2012 Plan”). In July 2020, pursuant to stockholders’ approval, the Company adopted the Hilltop Holdings Inc. 2020 Equity Incentive Plan (the “2020 Plan”). The 2020 Plan serves as successor to the 2012 Plan. The 2012 Plan and the 2020 Plan are referred to collectively as “the Equity Plans.” ​ During the six months ended June 30, 2021 and 2020, Hilltop granted 8,285 and 18,397 shares of common stock, respectively, pursuant to the Equity Plans 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 restricted stock unit (“RSU”) activity for the six months ended June 30, 2021 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (416) ​ $ 28.59 ​ Forfeited ​ (13) ​ $ 22.72 Balance, June 30, 2021 ​ 1,936 ​ $ 23.09 ​ Vested/Released RSUs include an aggregate of 65,558 shares withheld to satisfy employee statutory tax obligations during the six months ended June 30, 2021. ​ During the six months ended June 30, 2021, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 471,505 RSUs pursuant to the Equity Plans. Of the RSUs granted during the six months ended June 30, 2021, 318,997 that were outstanding at June 30, 2021, 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, 2021, 150,668 that were outstanding at June 30, 2021 ​ At June 30, 2021, in the aggregate, 1,572,502 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 364,149 outstanding RSUs cliff vest based upon the achievement of certain performance goals over a three-year period. At June 30, 2021

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2021
Regulatory Matters
Regulatory Matters	17. 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 following table shows 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 ratio in effect at the end of the period (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. Actual capital amounts and ratios as of June 30, 2021 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ June 30, 2021 ​ December 31, 2020 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,422,952 10.22 % $ 1,385,842 10.44 % 4.0 % 5.0 % Hilltop ​ 2,259,977 12.87 % 2,111,580 12.64 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,422,952 15.00 % ​ 1,385,842 14.40 % 7.0 % 6.5 % Hilltop ​ ​ 2,194,977 20.22 % ​ 2,046,580 18.97 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,422,952 15.00 % 1,385,842 14.40 % 8.5 % 8.0 % Hilltop ​ 2,259,977 20.82 % 2,111,580 19.57 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,512,646 15.95 % 1,470,364 15.27 % 10.5 % 10.0 % Hilltop ​ 2,549,038 23.48 % 2,409,684 22.34 % 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. Momentum 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 $250,000 or 6-2/3% of aggregate indebtedness. ​ At June 30, 2021, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 300,316 ​ $ 4,457 ​ Less: required net capital ​ ​ 10,244 ​ ​ 250 ​ Excess net capital ​ $ 290,072 ​ $ 4,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 58.6 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 274,705 ​ ​ ​ ​ ​ 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 for regulatory purposes under the provisions of the Exchange Act are restricted and not available for general corporate purposes. At June 30, 2021 and December 31, 2020, the Hilltop Broker-Dealers held cash of $207.3 million and $290.4 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, 2021 or December 31, 2020. ​ 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, 2021, PrimeLending and its subsidiaries’ net worth and liquidity exceeded the amounts required by both HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity
Stockholders' Equity	18. Stockholders’ Equity ​ Dividends ​ During the six months ended June 30, 2021 and 2020, the Company declared and paid cash dividends of $0.24 and $0.18 per common share, or an aggregate of $19.8 million and $16.3 million, respectively. ​ On July 22, 2021, Hilltop’s board of directors declared a quarterly cash dividend of $0.12 per common share, payable on August 31, 2021, to all common stockholders of record as of the close of business on August 13, 2021. ​ Stock Repurchases ​ In January 2021, the Hilltop board of directors authorized a new stock repurchase program through January 2022, pursuant to which the Company was originally authorized to repurchase, in the aggregate, up to $75.0 million of its outstanding common stock. In July 2021, the Hilltop board of directors authorized, subject to regulatory review, an increase to the aggregate amount of common stock the Company may repurchase under this program to $150.0 million, which is inclusive of repurchases to offset dilution related to grants of stock-based compensation. ​ During the six months ended June 30, 2021, the Company paid $49.5 million to repurchase an aggregate of 1,390,721 shares of common stock at an average price of $35.55 per share. The Company’s stock repurchase program, prior year repurchases and related accounting policy are discussed in detail in Note 1 and Note 25 to the consolidated financial statements included in the Company’s 2020 Form 10-K. ​

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Financial Instruments
Derivative Financial Instruments	19. 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. Additionally, the Bank manages variability of cash flows associated with its variable rate debt in interest-related cash outflows with interest rate swap contracts. 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 various derivative instruments, including U.S. Treasury bond futures and options, Eurodollar futures and municipal market data, or MMD, rate locks, to hedge changes in the fair value of its securities. ​ Non-Hedging Derivative Instruments and the Fair Value Option ​ As discussed in Note 4 to the consolidated financial statements, the Company has elected to measure substantially all mortgage loans held for sale at fair value under the provisions of the Fair Value Option. The election provides the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without applying hedge accounting provisions. The fair values of PrimeLending’s IRLCs and forward commitments are recorded in other assets or other liabilities, as appropriate, and changes in the fair values of these derivative instruments are recorded as a component of net gains from sale of loans and other mortgage production income. These changes in fair value are attributable to changes in the volume of IRLCs, mortgage loans held for sale, commitments to purchase and sell MBSs and MSR assets, and changes in market interest rates. Changes in market interest rates also conversely affect the value of PrimeLending’s mortgage loans held for sale and its MSR asset, which are measured at fair value under the Fair Value Option. The effect of the change in market interest rates on PrimeLending’s loans held for sale and MSR asset is discussed in Note 8 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, ​ ​ ​ 2021 2020 2021 2020 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 4,033 ​ $ 47,267 ​ $ (225) ​ $ 67,143 ​ Hilltop Broker-Dealers ​ ​ 6,923 ​ ​ 20,149 ​ ​ (15,272) ​ ​ 12,008 ​ Bank ​ ​ 8 ​ ​ (0) ​ ​ 19 ​ ​ (135) ​ ​ Hedging Derivative Instruments ​ The Company has entered into interest rate swap contracts to manage the exposure to changes in fair value associated with certain available for sale fixed rate collateralized mortgage backed securities and fixed rate loans held for investment attributable to changes in the designated benchmark interest rate. Certain of these fair value hedges have been designated as a last-of-layer hedge, which provides the Company the ability to execute a fair value hedge of the interest rate risk associated with a portfolio of similar prepayable assets whereby the last dollar amount estimated to remain in the portfolio of assets is identified as the hedged item. Additionally, the Company has outstanding interest rate swap contracts designated as cash flow hedges and utilized to manage the variability of cash flows associated with its variable rate borrowings. ​ Under each of its interest rate swap contracts designated as hedges, the Company receives a floating rate and pays a fixed rate on the outstanding notional amount. The Company assesses the hedge effectiveness both at the onset of the hedge and at regular intervals throughout the life of the derivative. To the extent that the derivative instruments are highly effective in offsetting the variability of the hedged cash flows or fair value, changes in the fair value of the derivative are included as a component of other comprehensive loss on our consolidated balance sheets. Although the Company has determined at the onset of the hedges that the derivative instruments will be highly effective hedges throughout the term of the contract, any portion of derivative instruments subsequently determined to be ineffective will be recognized in earnings. ​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 2,181,773 ​ $ 52,234 ​ $ 2,470,013 ​ $ 76,048 Commitments to purchase MBSs ​ 1,829,929 ​ 1,077 ​ 2,478,041 ​ 22,311 Commitments to sell MBSs ​ ​ 5,455,909 ​ (6,422) ​ 6,141,079 ​ (40,621) Interest rate swaps ​ ​ 36,975 ​ (1,524) ​ 43,786 ​ (2,196) U.S. Treasury bond futures and options (1) ​ ​ 196,700 ​ — ​ 225,400 ​ — Eurodollar and other futures (1) ​ ​ 1,086,743 ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 135,000 ​ $ (1,192) ​ $ 105,000 ​ $ (3,112) Interest rate swaps designated as fair value hedges (2) ​ ​ 128,289 ​ ​ 2,025 ​ ​ 60,618 ​ ​ (130) (1) Changes in the fair value of these contracts are settled daily with the respective counterparties of PrimeLending and the Hilltop Broker-Dealers. (2) The Company designated $128.3 million and $60.6 million as the hedged amount (from a closed portfolio of prepayable available for sale securities and loans held for investment with a carrying value of $126.3 million and $60.7 million as of June 30, 2021 and December 31, 2020, respectively), of which, a subset of these hedges are in last-of-layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $2.0 million and $0.1 million as of June 30, 2021 and December 31, 2020, respectively. ​ ​ The decrease in the estimated fair value of the IRLCs at June 30, 2021, compared to December 31, 2020, was driven by a decrease in the total volume of IRLCs in addition to a decrease in the average value of individual IRLCs. The decrease in the average value of individual IRLCs was due to an increase in mortgage interest rates throughout the six months ended June 30, 2021. ​ PrimeLending held cash collateral advances totaling $4.2 million to offset net asset derivative positions on its commitments to sell MBSs at June 30, 2021. This amount is included in other liabilities within the consolidated balance sheets. PrimeLending had advanced cash collateral totaling $26.1 million to offset net liability positions on its commitments to sell MBSs at December 31, 2020. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $3.5 million and $2.7 million on various derivative instruments at June 30, 2021 and December 31, 2020, respectively. The advanced cash collateral amounts are included in other assets within the consolidated balance sheets.

Balance Sheet Offsetting

Balance Sheet Offsetting	6 Months Ended
	Jun. 30, 2021
Balance Sheet Offsetting
Balance Sheet Offsetting	20. 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, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,336,847 ​ $ — ​ $ 1,336,847 ​ $ (1,280,150) ​ $ — ​ $ 56,697 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ ​ (202,124) ​ ​ — ​ ​ 514 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,801 ​ — ​ 1,801 ​ (1,801) ​ — ​ — ​ ​ $ 1,541,286 ​ $ — ​ $ 1,541,286 ​ $ (1,484,075) ​ $ — ​ $ 57,211 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,338,855 ​ $ — ​ $ 1,338,855 ​ $ (1,273,955) ​ $ — ​ $ 64,900 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ ​ (79,925) ​ ​ — ​ ​ 394 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 22,311 ​ ​ — ​ ​ 22,311 ​ ​ (22,311) ​ ​ — ​ ​ — ​ ​ $ 1,441,485 ​ $ — ​ $ 1,441,485 ​ $ (1,376,191) ​ $ — ​ $ 65,294 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,260,158 ​ $ — ​ $ 1,260,158 ​ $ (1,204,014) ​ $ — ​ $ 56,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,524 ​ — ​ 1,524 ​ (1,471) ​ — ​ 53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 178,034 ​ — ​ 178,034 ​ (178,034) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 9,293 ​ (2,147) ​ 7,146 ​ (2,783) ​ — ​ 4,363 ​ ​ $ 1,449,009 ​ $ (2,147) ​ $ 1,446,862 ​ $ (1,386,302) ​ $ — ​ $ 60,560 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,245,066 ​ $ — ​ $ 1,245,066 ​ $ (1,179,090) ​ $ — ​ $ 65,976 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2,196 ​ — ​ 2,196 ​ (2,123) ​ — ​ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 237,856 ​ — ​ 237,856 ​ (237,856) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 40,741 ​ (120) ​ 40,621 ​ (12,670) ​ — ​ 27,951 ​ ​ $ 1,525,859 ​ $ (120) ​ $ 1,525,739 ​ $ (1,431,739) ​ $ — ​ $ 94,000 ​ Secured Borrowing Arrangements ​ Secured Borrowings (Repurchase Agreements) — one ​ 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, 2021 and December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2021 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 73,365 ​ $ — ​ $ 104,669 ​ $ — ​ $ 178,034 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,260,045 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,260,045 Total ​ $ 1,333,523 ​ $ — ​ $ 104,669 ​ $ — ​ $ 1,438,192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,438,192 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2020 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 110,831 ​ $ — ​ $ 127,025 ​ $ — ​ $ 237,856 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,244,953 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,244,953 Total ​ $ 1,355,897 ​ $ — ​ $ 127,025 ​ $ — ​ $ 1,482,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,482,922 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, 2021
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	21. 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, ​ 2021 2020 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,336,847 ​ $ 1,338,855 ​ Securities failed to deliver ​ 58,909 ​ 58,244 ​ Other ​ 7,691 ​ 7,628 ​ ​ ​ $ 1,403,447 ​ $ 1,404,727 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,260,158 ​ $ 1,245,066 ​ Correspondents ​ 33,475 ​ 33,547 ​ Securities failed to receive ​ 93,996 ​ 61,589 ​ Trades in process of settlement ​ 44,685 ​ 21,765 ​ Other ​ 7,306 ​ 6,406 ​ ​ ​ $ 1,439,620 ​ $ 1,368,373 ​ ​

Segment and Related Information

Segment and Related Information	6 Months Ended
	Jun. 30, 2021
Segment and Related Information
Segment and Related Information	22. Segment and Related Information ​ Following the sale of NLC on June 30, 2020, we have two primary business units within continuing operations, PCC (banking and mortgage origination) and Securities Holdings (broker-dealer). Under GAAP, our continuing operations business units are comprised of three reportable business segments organized primarily by the core products offered to the segments’ respective customers: banking, broker-dealer and mortgage origination. 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. The broker-dealer segment includes the operations of Securities Holdings and the mortgage origination segment is composed of PrimeLending. ​ As discussed in Note 3 to the consolidated financial statements, during the first quarter of 2020, management had determined that the insurance segment met the criteria to be presented as discontinued operations. On June 30, 2020, Hilltop completed the sale of NLC, which comprised the operations of the former insurance segment. As a result, insurance segment results for the three and six months ended June 30, 2020 have been presented as discontinued operations in the consolidated financial statements. Loss from discontinued operations before taxes was $1.9 million during the three months ended June 30, 2020, while income from discontinued operations before taxes during the six months ended June 30, 2020 was $2.1 million. ​ 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 continuing operations reportable business segment revenues, operating results, goodwill and assets (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Continuing Three Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Operations Net interest income (expense) ​ $ 105,468 ​ $ 10,682 ​ $ (5,953) ​ $ (4,687) ​ $ 2,406 ​ $ 107,916 Provision for (reversal of) credit losses ​ ​ (28,775) ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ (28,720) Noninterest income ​ ​ 10,242 ​ ​ 83,463 ​ ​ 241,965 ​ ​ 6,877 ​ ​ (2,648) ​ 339,899 Noninterest expense ​ 57,514 ​ 87,234 ​ 186,963 ​ ​ 12,072 ​ (415) ​ 343,368 Income (loss) from continuing operations before taxes ​ $ 86,971 ​ $ 6,856 ​ $ 49,049 ​ $ (9,882) ​ $ 173 ​ $ 133,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Continuing Six Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 209,352 ​ $ 21,196 ​ $ (13,051) ​ $ (9,379) ​ $ 5,480 ​ $ 213,598 Provision for (reversal of) credit losses ​ ​ (33,950) ​ ​ 121 ​ ​ — ​ ​ — ​ ​ — ​ ​ (33,829) Noninterest income ​ ​ 21,566 ​ ​ 182,086 ​ ​ 552,409 ​ ​ 7,383 ​ ​ (5,960) ​ ​ 757,484 Noninterest expense ​ 113,302 ​ 178,638 ​ 397,297 ​ 21,660 ​ (867) ​ 710,030 Income (loss) from continuing operations before taxes ​ $ 151,566 ​ $ 24,523 ​ $ 142,061 ​ $ (23,656) ​ $ 387 ​ $ 294,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Continuing Three Months Ended June 30, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 94,102 ​ $ 9,663 ​ $ (1,667) ​ $ (3,232) ​ $ 5,692 ​ $ 104,558 Provision for credit losses ​ ​ 65,600 ​ ​ 426 ​ ​ — ​ ​ — ​ ​ — ​ ​ 66,026 Noninterest income ​ ​ 10,656 ​ ​ 122,961 ​ ​ 340,487 ​ ​ 550 ​ ​ (6,529) ​ ​ 468,125 Noninterest expense ​ 56,622 ​ 104,411 ​ 200,493 ​ 8,888 ​ (205) ​ 370,209 Income (loss) from continuing operations before taxes ​ $ (17,464) ​ $ 27,787 ​ $ 138,327 ​ $ (11,570) ​ $ (632) ​ $ 136,448 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Six Months Ended June 30, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 188,025 ​ $ 22,836 ​ $ (1,299) ​ $ (4,888) ​ $ 10,220 ​ $ 214,894 Provision for credit losses ​ 99,875 ​ ​ 700 ​ ​ — ​ ​ — ​ ​ — ​ 100,575 Noninterest income ​ 19,427 ​ ​ 209,170 ​ ​ 519,455 ​ ​ 2,838 ​ ​ (11,052) ​ 739,838 Noninterest expense ​ 113,589 ​ 185,350 ​ 340,045 ​ ​ 13,741 ​ ​ (615) ​ 652,110 Income (loss) from continuing operations before taxes ​ $ (6,012) ​ $ 45,956 ​ $ 178,111 ​ $ (15,791) ​ $ (217) ​ $ 202,047 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,886,095 ​ $ 3,447,065 ​ $ 3,250,216 ​ $ 2,974,676 ​ $ (5,893,518) ​ $ 17,664,534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,338,930 ​ $ 3,196,346 ​ $ 3,285,005 ​ $ 2,823,374 ​ $ (5,699,391) ​ $ 16,944,264 ​

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2021
Earnings per Common Share
Earnings per Common Share	23. 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, ​ 2021 2020 2021 2020 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 99,060 ​ $ 97,701 ​ $ 219,404 ​ $ 144,186 Income from discontinued operations ​ ​ — ​ ​ 30,775 ​ ​ — ​ ​ 33,926 Income attributable to Hilltop ​ $ 99,060 ​ $ 128,476 ​ $ 219,404 ​ $ 178,112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 81,663 ​ 90,164 ​ 81,914 ​ 90,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 1.21 ​ $ 1.08 ​ $ 2.68 ​ $ 1.60 Income from discontinued operations ​ ​ — ​ ​ 0.34 ​ ​ — ​ ​ 0.37 ​ ​ $ 1.21 ​ $ 1.42 ​ $ 2.68 ​ $ 1.97 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 99,060 ​ $ 97,701 ​ $ 219,404 ​ $ 144,186 Income from discontinued operations ​ ​ — ​ ​ 30,775 ​ ​ — ​ ​ 33,926 Income attributable to Hilltop ​ $ 99,060 ​ $ 128,476 ​ $ 219,404 ​ $ 178,112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 81,663 ​ 90,164 ​ 81,914 ​ 90,337 Effect of potentially dilutive securities ​ 536 ​ ​ — ​ 493 ​ — Weighted average shares outstanding - diluted ​ 82,199 ​ 90,164 ​ 82,407 ​ 90,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 1.21 ​ $ 1.08 ​ $ 2.66 ​ $ 1.60 Income from discontinued operations ​ ​ — ​ ​ 0.34 ​ ​ — ​ ​ 0.37 ​ ​ $ 1.21 ​ $ 1.42 ​ $ 2.66 ​ $ 1.97 ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
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 and mortgage origination subsidiaries. ​ On June 30, 2020, Hilltop completed the sale of all of the outstanding capital stock of National Lloyds Corporation (“NLC”), which comprised the operations of the former insurance segment, for cash proceeds of $154.1 million, and was subject to post-closing adjustments. Accordingly, NLC’s results for the three and six months ended June 30, 2020 have been presented as discontinued operations in the consolidated financial statements. For further details, see Note 3 to the consolidated financial statements. ​ The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units within continuing operations, PlainsCapital Corporation (“PCC”) and Hilltop Securities Holdings LLC (“Securities Holdings”). 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, clearing, securities lending, structured finance and retail brokerage services throughout the United States. Unless otherwise noted, the Company’s notes to the consolidated financial statements present information limited to continuing operations. ​ As a result of the spread of the novel coronavirus (“COVID-19”) pandemic, economic uncertainties have contributed to significant volatility in the global economy, as well as banking and other financial activity in the areas in which the Company operates. The effects of COVID-19 have had, and may continue to have, an adverse effect on the financial markets and overall economic conditions on an unprecedented scale. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of COVID-19. COVID-19 presents material uncertainty which could have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows. ​
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, 2020 (“2020 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 credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible 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. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. ​ 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”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, 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”), Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop % 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 20 to the consolidated financial statements included in the Company’s 2020 Form 10-K 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. 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 2020 Form 10-K.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations
Schedule of discontinued operations	​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, 2020 ​ June 30, 2020 Interest income: ​ ​ ​ ​ ​ Securities: ​ ​ ​ ​ ​ Taxable $ 814 ​ $ 1,752 Other ​ 4 ​ ​ 71 Total interest income ​ 818 ​ ​ 1,823 ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ Notes payable ​ 369 ​ ​ 775 ​ ​ ​ ​ ​ ​ Noninterest income: ​ ​ ​ ​ ​ Net insurance premiums earned ​ 32,440 ​ ​ 65,077 Other ​ 5,297 ​ ​ 3,051 Total noninterest income ​ 37,737 ​ ​ 68,128 ​ ​ ​ ​ ​ ​ Noninterest expense: ​ ​ ​ ​ ​ Employees' compensation and benefits ​ 3,225 ​ ​ 6,002 Occupancy and equipment, net ​ 217 ​ ​ 464 Professional services ​ 9,674 ​ ​ 18,201 Loss and loss adjustment expenses ​ 25,470 ​ ​ 38,419 Other ​ 1,511 ​ ​ 3,987 Total noninterest expense ​ 40,097 ​ ​ 67,073 ​ ​ ​ ​ ​ ​ Income (loss) from discontinued operations before income taxes ​ (1,911) ​ ​ 2,103 Gain on disposal of discontinued operations ​ 32,341 ​ ​ 32,341 Income tax expense (benefit) ​ (345) ​ ​ 518 Income from discontinued operations, net of income taxes $ 30,775 ​ $ 33,926
Schedule of effects of reinsurance on premiums written and earned	The effects of reinsurance on premiums written and earned are included within discontinued operations and are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ ​ June 30, 2020 ​ June 30, 2020 ​ ​ Written Earned Written Earned Premiums from direct business ​ $ 33,831 ​ $ 30,638 ​ $ 63,811 ​ $ 61,384 ​ Reinsurance assumed ​ 3,444 ​ 3,208 ​ 6,396 ​ 6,452 ​ Reinsurance ceded ​ (1,406) ​ (1,406) ​ (2,759) ​ (2,759) ​ Net premiums ​ $ 35,869 ​ $ 32,440 ​ $ 67,448 ​ $ 65,077 ​
Schedule of effects of reinsurance on incurred losses	​ The effects of reinsurance on incurred losses and LAE are included within discontinued operations and are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, 2020 June 30, 2020 Losses and LAE incurred ​ $ 25,462 ​ $ 38,225 ​ Reinsurance recoverables ​ 8 ​ 194 ​ Net loss and LAE incurred ​ $ 25,470 ​ $ 38,419 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 6,189 ​ $ 676,294 ​ $ — ​ $ 682,483 ​ Available for sale securities ​ ​ — ​ ​ 1,817,807 ​ ​ — ​ ​ 1,817,807 ​ Equity securities ​ ​ 193 ​ ​ — ​ ​ — ​ ​ 193 ​ Loans held for sale ​ ​ — ​ ​ 2,537,601 ​ ​ 71,433 ​ ​ 2,609,034 ​ Derivative assets ​ ​ — ​ ​ 84,480 ​ ​ — ​ ​ 84,480 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 124,497 ​ ​ 124,497 ​ Securities sold, not yet purchased ​ ​ 109,571 ​ ​ 23,379 ​ ​ — ​ ​ 132,950 ​ Derivative liabilities ​ ​ — ​ ​ 38,282 ​ ​ — ​ ​ 38,282 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2020 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 45,390 ​ $ 648,865 ​ $ — ​ $ 694,255 ​ Available for sale securities ​ ​ — ​ ​ 1,462,205 ​ ​ — ​ ​ 1,462,205 ​ Equity securities ​ ​ 140 ​ ​ — ​ ​ — ​ ​ 140 ​ Loans held for sale ​ ​ — ​ ​ 2,449,588 ​ ​ 71,816 ​ ​ 2,521,404 ​ Derivative assets ​ ​ — ​ ​ 126,898 ​ ​ — ​ ​ 126,898 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 143,742 ​ ​ 143,742 ​ Securities sold, not yet purchased ​ ​ 54,494 ​ ​ 25,295 ​ ​ — ​ ​ 79,789 ​ Derivative liabilities ​ ​ — ​ ​ 74,598 ​ ​ — ​ ​ 74,598 ​ ​
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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ ​ ​ Transfers ​ ​ Other ​ ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Period ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 77,275 ​ $ 18,962 ​ $ (22,272) ​ $ (2,549) ​ $ 17 ​ $ — ​ $ 71,433 MSR asset ​ 142,125 ​ ​ 15,815 ​ ​ (31,850) ​ ​ — ​ ​ (1,593) ​ ​ — ​ 124,497 Total ​ $ 219,400 ​ $ 34,777 ​ $ (54,122) ​ $ (2,549) ​ $ (1,576) ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 31,456 ​ $ (29,511) ​ $ (1,808) ​ $ (520) ​ $ — ​ $ 71,433 MSR asset ​ ​ 143,742 ​ ​ 50,115 ​ ​ (84,633) ​ ​ — ​ ​ 15,273 ​ ​ — ​ ​ 124,497 Total ​ $ 215,558 ​ $ 81,571 ​ $ (114,144) ​ $ (1,808) ​ $ 14,753 ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 79,588 ​ $ 34,339 ​ $ (26,768) ​ $ 2,746 ​ $ 2,031 ​ $ — ​ $ 91,936 MSR asset ​ ​ 30,299 ​ ​ 59,440 ​ ​ — ​ ​ — ​ ​ (8,475) ​ ​ — ​ ​ 81,264 Total ​ $ 109,887 ​ $ 93,779 ​ $ (26,768) ​ $ 2,746 ​ $ (6,444) ​ $ — ​ $ 173,200 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 67,195 ​ $ 48,623 ​ $ (30,943) ​ $ 8,967 ​ $ (1,906) ​ $ — ​ $ 91,936 MSR asset ​ ​ 55,504 ​ ​ 63,915 ​ ​ (18,650) ​ ​ — ​ ​ (19,505) ​ ​ — ​ ​ 81,264 Total ​ $ 122,699 ​ $ 112,538 ​ $ (49,593) ​ $ 8,967 ​ $ (21,411) ​ $ — ​ $ 173,200 ​
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs June 30, 2021 ​ December 31, 2020 Loans ​ Market comparable ​ Projected price ​ 91 - 95 % ( 95 %) ​ 91 - 94 % ( 94 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ ​ 12.60 % ​ ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 13.77 % ​ ​ ​ ​ ​ 14.60 % ​
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, 2021 ​ Three Months Ended June 30, 2020 ​ ​ ​ 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 ​ $ 45,439 ​ $ — ​ $ 45,439 ​ $ 24,499 ​ $ — ​ $ 24,499 ​ MSR asset ​ (1,593) ​ — ​ (1,593) ​ (8,475) ​ — ​ (8,475) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2021 ​ Six Months Ended June 30, 2020 ​ ​ ​ 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 ​ $ (22,517) ​ $ — ​ $ (22,517) ​ $ 58,478 ​ $ — ​ $ 58,478 ​ MSR asset ​ 15,273 ​ — ​ 15,273 ​ (19,505) ​ — ​ (19,505) ​
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, 2021 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,373,205 ​ $ 1,373,205 ​ $ — ​ $ — ​ $ 1,373,205 ​ Assets segregated for regulatory purposes ​ ​ 207,284 ​ ​ 207,284 ​ ​ — ​ ​ — ​ ​ 207,284 ​ Securities purchased under agreements to resell ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ Held to maturity securities ​ ​ 288,776 ​ ​ — ​ ​ 301,161 ​ ​ — ​ ​ 301,161 ​ Loans held for sale ​ ​ 276,424 ​ ​ — ​ ​ 276,424 ​ ​ — ​ ​ 276,424 ​ Loans held for investment, net ​ ​ 7,529,958 ​ ​ — ​ ​ 628,672 ​ ​ 7,137,187 ​ ​ 7,765,859 ​ Broker-dealer and clearing organization receivables ​ 1,403,447 ​ — ​ 1,403,447 ​ — ​ 1,403,447 ​ Other assets ​ 75,832 ​ — ​ 74,054 ​ 1,778 ​ 75,832 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,733,785 ​ — ​ 11,741,434 ​ — ​ 11,741,434 ​ Broker-dealer and clearing organization payables ​ 1,439,620 ​ — ​ 1,439,620 ​ — ​ 1,439,620 ​ Short-term borrowings ​ 915,919 ​ — ​ 915,919 ​ — ​ 915,919 ​ Debt ​ 463,665 ​ — ​ 463,665 ​ — ​ 463,665 ​ Other liabilities ​ 5,543 ​ — ​ 5,543 ​ — ​ 5,543 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2020 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,062,946 ​ $ 1,062,946 ​ $ — ​ $ — ​ $ 1,062,946 ​ Assets segregated for regulatory purposes ​ ​ 290,357 ​ ​ 290,357 ​ ​ — ​ ​ — ​ ​ 290,357 ​ Securities purchased under agreements to resell ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ Held to maturity securities ​ ​ 311,944 ​ ​ — ​ ​ 326,671 ​ ​ — ​ ​ 326,671 ​ Loans held for sale ​ ​ 266,982 ​ ​ — ​ ​ 266,982 ​ ​ — ​ ​ 266,982 ​ Loans held for investment, net ​ ​ 7,544,097 ​ ​ — ​ ​ 437,007 ​ ​ 7,351,411 ​ ​ 7,788,418 ​ Broker-dealer and clearing organization receivables ​ 1,404,727 ​ — ​ 1,404,727 ​ — ​ 1,404,727 ​ Other assets ​ 74,881 ​ — ​ 73,111 ​ 1,770 ​ 74,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,242,319 ​ — ​ 11,256,629 ​ — ​ 11,256,629 ​ Broker-dealer and clearing organization payables ​ 1,368,373 ​ — ​ 1,368,373 ​ — ​ 1,368,373 ​ Short-term borrowings ​ 695,798 ​ — ​ 695,798 ​ — ​ 695,798 ​ Debt ​ 448,999 ​ — ​ 448,999 ​ — ​ 448,999 ​ Other liabilities ​ 6,133 ​ — ​ 6,133 ​ — ​ 6,133 ​
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, ​ 2021 2020 ​ 2021 2020 Balance, beginning of period $ 22,905 $ 19,088 ​ $ 22,844 $ 19,771 Upward adjustments ​ ​ 5,763 ​ ​ 1,525 ​ ​ 5,884 ​ ​ 1,631 Impairments and downward adjustments ​ ​ (704) ​ ​ — ​ ​ (764) ​ ​ (789) Dispositions ​ (975) ​ — ​ (975) ​ — Balance, end of period ​ $ 26,989 ​ $ 20,613 ​ $ 26,989 ​ $ 20,613

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2021 2020 U.S. Treasury securities $ 1,289 $ 40,491 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 15,764 ​ ​ 40 ​ ​ Residential mortgage-backed securities ​ 187,488 ​ 336,081 ​ ​ Commercial mortgage-backed securities ​ — ​ 876 ​ ​ Collateralized mortgage obligations ​ ​ 117,257 ​ ​ 69,172 ​ ​ Corporate debt securities ​ ​ 82,379 ​ ​ 62,481 ​ ​ States and political subdivisions ​ ​ 266,707 ​ ​ 171,573 ​ ​ Private-label securitized product ​ ​ 6,624 ​ ​ 8,571 ​ ​ Other ​ ​ 4,975 ​ ​ 4,970 ​ ​ Totals ​ $ 682,483 ​ $ 694,255 ​ ​
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, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 4,970 ​ $ 4 ​ $ — ​ $ 4,974 ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 49,273 ​ ​ 934 ​ ​ (308) ​ ​ 49,899 ​ Residential mortgage-backed securities ​ 917,373 ​ 12,107 ​ (4,993) ​ 924,487 ​ Commercial mortgage-backed securities ​ ​ 152,607 ​ 520 ​ (4,292) ​ 148,835 ​ Collateralized mortgage obligations ​ 639,721 ​ 4,903 ​ (3,166) ​ 641,458 ​ States and political subdivisions ​ 46,088 ​ 2,191 ​ (125) ​ 48,154 ​ Totals ​ $ 1,810,032 ​ $ 20,659 ​ $ (12,884) ​ $ 1,817,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2020 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ $ 82,036 ​ $ 1,095 ​ $ (325) ​ $ 82,806 ​ Residential mortgage-backed securities ​ 624,863 ​ 17,194 ​ (446) ​ 641,611 ​ Commercial mortgage-backed securities ​ ​ 124,929 ​ 768 ​ (1,159) ​ 124,538 ​ Collateralized mortgage obligations ​ 559,362 ​ 6,916 ​ (370) ​ 565,908 ​ States and political subdivisions ​ 44,729 ​ 2,613 ​ — ​ 47,342 ​ Totals ​ $ 1,435,919 ​ $ 28,586 ​ $ (2,300) ​ $ 1,462,205 ​
Summary of amortized cost and fair value of held to maturity securities	​
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ $ 27,586 ​ $ 308 8 ​ $ 60,298 ​ $ 325 ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 4 ​ ​ 27,586 ​ ​ 308 8 ​ 60,298 ​ 325 ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 50 ​ 530,979 ​ 4,908 15 ​ 86,287 ​ 429 ​ Unrealized loss for twelve months or longer 1 ​ 4,878 ​ 85 — ​ — ​ — ​ ​ 51 ​ ​ 535,857 ​ ​ 4,993 15 ​ 86,287 ​ 429 ​ Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 142,151 ​ 4,292 10 ​ 105,386 ​ 1,176 ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 14 ​ ​ 142,151 ​ ​ 4,292 10 ​ 105,386 ​ 1,176 ​ Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 33 ​ 325,737 ​ 3,137 10 ​ 101,990 ​ 324 ​ Unrealized loss for twelve months or longer 3 ​ 3,605 ​ 29 5 ​ 13,611 ​ 46 ​ ​ 36 ​ ​ 329,342 ​ ​ 3,166 15 ​ 115,601 ​ 370 ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 11 ​ 4,520 ​ 125 — ​ — ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 11 ​ ​ 4,520 ​ ​ 125 — ​ — ​ — ​ Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 112 ​ 1,030,973 ​ 12,770 43 ​ 353,961 ​ 2,254 ​ Unrealized loss for twelve months or longer 4 ​ 8,483 ​ 114 5 ​ 13,611 ​ 46 ​ ​ 116 ​ $ 1,039,456 ​ $ 12,884 48 ​ $ 367,572 ​ $ 2,300 ​
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 620 ​ $ 2 2 ​ $ 578 ​ $ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 2 ​ 620 ​ 2 2 ​ 578 ​ — ​ Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 620 ​ 2 2 ​ 578 ​ — ​ Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ ​ 2 ​ $ 620 ​ $ 2 2 ​ $ 578 ​ $ — ​
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, 2021 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 ​ $ 5,087 ​ $ 5,117 ​ $ 853 ​ $ 877 ​ Due after one year through five years ​ 36,001 ​ 37,187 ​ 1,182 ​ 1,206 ​ Due after five years through ten years ​ 14,616 ​ 15,202 ​ 10,596 ​ 11,024 ​ Due after ten years ​ 44,627 ​ 45,521 ​ 55,959 ​ 58,298 ​ ​ ​ 100,331 ​ 103,027 ​ 68,590 ​ 71,405 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 917,373 ​ 924,487 ​ 11,637 ​ 12,207 ​ Collateralized mortgage obligations ​ 639,721 ​ 641,458 ​ 56,737 ​ 58,117 ​ Commercial mortgage-backed securities ​ 152,607 ​ 148,835 ​ 151,812 ​ 159,432 ​ ​ ​ $ 1,810,032 ​ $ 1,817,807 ​ $ 288,776 ​ $ 301,161 ​

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	6 Months Ended
	Jun. 30, 2021
Loans Held for Investment
Summary of loans held for investment by portfolio segment	Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 ​ Commercial real estate ​ $ 3,090,480 ​ $ 3,133,903 ​ Commercial and industrial (1) ​ 2,232,035 ​ ​ 2,627,774 ​ Construction and land development ​ 770,779 ​ ​ 828,852 ​ 1-4 family residential ​ ​ 893,243 ​ ​ 629,938 ​ Consumer ​ ​ 30,018 ​ ​ 35,667 ​ Broker-dealer (2) ​ ​ 628,672 ​ ​ 437,007 ​ ​ ​ 7,645,227 ​ 7,693,141 ​ Allowance for credit losses ​ (115,269) ​ ​ (149,044) ​ Total loans held for investment, net of allowance ​ $ 7,529,958 ​ $ 7,544,097 ​ (1) Included loans totaling $261.2 million and $486.7 million at June 30, 2021 and December 31, 2020, respectively, funded through the Paycheck Protection Program. (2) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations.
Summary of non-accrual loans by portfolio segment	The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ Allowance Allowance Total Allowance Allowance Total 2021 2020 2021 2020 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 965 ​ $ 366 ​ $ 1,331 ​ $ 1,213 ​ $ 445 ​ $ 1,658 ​ $ 54 ​ $ 86 ​ $ 128 ​ $ (11) Owner occupied ​ 3,103 ​ ​ 2,777 ​ ​ 5,880 ​ 3,473 ​ ​ 6,002 ​ ​ 9,475 ​ ​ 139 ​ ​ 69 ​ ​ 229 ​ ​ 85 Commercial and industrial ​ ​ 10,077 ​ ​ 22,956 ​ ​ 33,033 ​ ​ 10,821 ​ ​ 23,228 ​ ​ 34,049 ​ ​ 331 ​ ​ 102 ​ ​ 474 ​ ​ 402 Construction and land development ​ 100 ​ ​ 374 ​ ​ 474 ​ 102 ​ ​ 405 ​ ​ 507 ​ ​ 20 ​ ​ 31 ​ ​ 35 ​ ​ 53 1-4 family residential ​ 1,254 ​ ​ 19,672 ​ ​ 20,926 ​ 4,726 ​ ​ 16,651 ​ ​ 21,377 ​ ​ 1,106 ​ ​ 182 ​ ​ 2,030 ​ ​ 1,165 Consumer ​ 26 ​ ​ — ​ ​ 26 ​ 28 ​ ​ — ​ ​ 28 ​ ​ (121) ​ ​ 2 ​ ​ (121) ​ ​ (3) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 15,525 ​ $ 46,145 ​ $ 61,670 ​ $ 20,363 ​ $ 46,731 ​ $ 67,094 ​ $ 1,529 ​ $ 472 ​ $ 2,775 ​ $ 1,691
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 Past ​ Current ​ Total ​ Past Due June 30, 2021 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 877 ​ $ — ​ $ 614 ​ $ 1,491 ​ $ 1,749,941 ​ $ 1,751,432 ​ $ — ​ Owner occupied ​ 389 ​ ​ 586 ​ ​ 3,481 ​ ​ 4,456 ​ ​ 1,334,592 ​ ​ 1,339,048 ​ ​ — ​ Commercial and industrial ​ ​ 112 ​ ​ 11,514 ​ ​ 6,501 ​ ​ 18,127 ​ ​ 2,213,908 ​ ​ 2,232,035 ​ ​ — ​ Construction and land development ​ 186 ​ ​ 92 ​ ​ — ​ ​ 278 ​ ​ 770,501 ​ ​ 770,779 ​ ​ — ​ 1-4 family residential ​ 3,825 ​ ​ 1,765 ​ ​ 9,055 ​ ​ 14,645 ​ ​ 878,598 ​ ​ 893,243 ​ ​ — ​ Consumer ​ 72 ​ ​ 15 ​ ​ 26 ​ ​ 113 ​ ​ 29,905 ​ ​ 30,018 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 628,672 ​ ​ 628,672 ​ ​ — ​ ​ ​ $ 5,461 ​ $ 13,972 ​ $ 19,677 ​ $ 39,110 ​ $ 7,606,117 ​ $ 7,645,227 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Loans Past Due ​ Loans Past Due ​ Total Past ​ Current ​ Total ​ Past Due December 31, 2020 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,919 ​ $ — ​ $ 199 ​ $ 2,118 ​ $ 1,786,193 ​ $ 1,788,311 ​ $ — ​ Owner occupied ​ 195 ​ ​ 522 ​ ​ 8,328 ​ ​ 9,045 ​ ​ 1,336,547 ​ ​ 1,345,592 ​ ​ — ​ Commercial and industrial ​ ​ 3,114 ​ ​ 407 ​ ​ 7,318 ​ ​ 10,839 ​ ​ 2,616,935 ​ ​ 2,627,774 ​ ​ 6 ​ Construction and land development ​ 19 ​ ​ — ​ ​ — ​ ​ 19 ​ ​ 828,833 ​ ​ 828,852 ​ ​ — ​ 1-4 family residential ​ 8,110 ​ ​ 3,040 ​ ​ 12,420 ​ ​ 23,570 ​ ​ 606,368 ​ ​ 629,938 ​ ​ — ​ Consumer ​ 172 ​ ​ 123 ​ ​ 26 ​ ​ 321 ​ ​ 35,346 ​ ​ 35,667 ​ ​ — ​ Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 437,007 ​ ​ 437,007 ​ ​ — ​ ​ ​ $ 13,529 ​ $ 4,092 ​ $ 28,291 ​ $ 45,912 ​ $ 7,647,229 ​ $ 7,693,141 ​ $ 6 ​
Schedule of internal risk grades of loans by class	The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2016 and ​ ​ ​ ​ ​ ​ June 30, 2021 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 6,265 ​ $ 17,804 ​ $ 24,294 ​ $ 10,316 ​ $ 2,392 ​ $ 19,772 ​ $ 613 ​ $ 81,456 Internal Grade 4-7 (Pass normal risk) ​ ​ 131,558 ​ ​ 190,921 ​ ​ 113,187 ​ ​ 103,111 ​ ​ 50,322 ​ ​ 100,061 ​ ​ 28,644 ​ ​ 717,804 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 77,697 ​ ​ 249,597 ​ ​ 145,589 ​ ​ 94,046 ​ ​ 68,835 ​ ​ 158,090 ​ ​ 2,480 ​ ​ 796,334 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 941 ​ ​ 1,227 ​ ​ 3,127 ​ ​ 3,451 ​ ​ — ​ ​ 8,746 Internal Grade 13 (Substandard accrual) ​ ​ 21,809 ​ ​ 15,922 ​ ​ 13,914 ​ ​ 25,130 ​ ​ 18,913 ​ ​ 49,967 ​ ​ 106 ​ ​ 145,761 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,331 ​ ​ — ​ ​ 1,331 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 92,453 ​ $ 58,760 ​ $ 17,562 ​ $ 20,835 ​ $ 36,471 ​ $ 37,245 ​ $ 1 ​ $ 263,327 Internal Grade 4-7 (Pass normal risk) ​ ​ 59,804 ​ ​ 161,620 ​ ​ 130,146 ​ ​ 107,245 ​ ​ 51,786 ​ ​ 117,746 ​ ​ 25,094 ​ ​ 653,441 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 31,372 ​ ​ 104,569 ​ ​ 56,115 ​ ​ 98,448 ​ ​ 24,546 ​ ​ 40,277 ​ ​ 5,166 ​ ​ 360,493 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 3,181 ​ ​ 14,768 ​ ​ 5,368 ​ ​ 10,563 ​ ​ 6,895 ​ ​ 15,132 ​ ​ — ​ ​ 55,907 Internal Grade 14 (Substandard non-accrual) ​ ​ 743 ​ ​ 349 ​ ​ 1,260 ​ ​ 355 ​ ​ 2,291 ​ ​ 882 ​ ​ — ​ ​ 5,880 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 16,708 ​ $ 31,298 ​ $ 29,838 ​ $ 10,859 ​ $ 9,651 ​ $ 2,862 ​ $ 78,883 ​ $ 180,099 Internal Grade 4-7 (Pass normal risk) ​ ​ 67,493 ​ ​ 118,654 ​ ​ 37,872 ​ ​ 35,098 ​ ​ 17,248 ​ ​ 29,173 ​ ​ 269,711 ​ ​ 575,249 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 56,379 ​ ​ 93,993 ​ ​ 42,675 ​ ​ 18,077 ​ ​ 8,596 ​ ​ 7,745 ​ ​ 297,246 ​ ​ 524,711 Internal Grade 12 (Special mention) ​ ​ — ​ ​ 27 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,031 Internal Grade 13 (Substandard accrual) ​ ​ 1,676 ​ ​ 11,751 ​ ​ 1,537 ​ ​ 7,730 ​ ​ 4,241 ​ ​ 5,308 ​ ​ 18,404 ​ ​ 50,647 Internal Grade 14 (Substandard non-accrual) ​ ​ 6,468 ​ ​ 18,279 ​ ​ 3,266 ​ ​ 1,541 ​ ​ 248 ​ ​ 91 ​ ​ 3,140 ​ ​ 33,033 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 5,047 ​ $ 11,957 ​ $ 2,838 ​ $ 3,894 ​ $ 244 ​ $ 4,204 ​ $ 1,456 ​ $ 29,640 Internal Grade 4-7 (Pass normal risk) ​ ​ 120,398 ​ ​ 202,026 ​ ​ 64,753 ​ ​ 14,615 ​ ​ 1,943 ​ ​ 3,540 ​ ​ 39,268 ​ ​ 446,543 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 63,216 ​ ​ 99,810 ​ ​ 60,073 ​ ​ 12,951 ​ ​ 545 ​ ​ 3,887 ​ ​ 23,411 ​ ​ 263,893 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ — ​ ​ 29 ​ ​ 5,741 ​ ​ 5,369 ​ ​ — ​ ​ — ​ ​ 11,139 Internal Grade 14 (Substandard non-accrual) ​ ​ 391 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 83 ​ ​ — ​ ​ 474 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 626 ​ ​ 416 ​ ​ — ​ ​ 1,235 ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,277 FICO greater than 720 ​ ​ 6,404 ​ ​ 10,194 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,598 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 215 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 215 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 478 ​ $ 1,423 ​ $ 754 ​ $ 3,654 ​ $ 54 ​ $ 28,067 ​ $ 304 ​ $ 34,734 FICO between 620 and 720 ​ ​ 13,174 ​ ​ 13,132 ​ ​ 8,257 ​ ​ 9,015 ​ ​ 7,589 ​ ​ 39,970 ​ ​ 913 ​ ​ 92,050 FICO greater than 720 ​ ​ 324,320 ​ ​ 150,129 ​ ​ 66,263 ​ ​ 43,803 ​ ​ 21,882 ​ ​ 74,180 ​ ​ 4,929 ​ ​ 685,506 Substandard non-accrual ​ ​ 161 ​ ​ 14 ​ ​ 1,572 ​ ​ — ​ ​ 123 ​ ​ 19,056 ​ ​ — ​ ​ 20,926 Other (1) ​ ​ 33,199 ​ ​ 7,504 ​ ​ 8,969 ​ ​ 5,458 ​ ​ 798 ​ ​ 2,561 ​ ​ 1,538 ​ ​ 60,027 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 840 ​ $ 660 ​ $ 488 ​ $ 65 ​ $ 77 ​ $ 55 ​ $ 311 ​ $ 2,496 FICO between 620 and 720 ​ ​ 3,015 ​ ​ 2,285 ​ ​ 1,602 ​ ​ 276 ​ ​ 496 ​ ​ 97 ​ ​ 1,876 ​ ​ 9,647 FICO greater than 720 ​ ​ 2,489 ​ ​ 3,919 ​ ​ 1,151 ​ ​ 603 ​ ​ 79 ​ ​ 23 ​ ​ 3,362 ​ ​ 11,626 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 25 ​ ​ 1 ​ ​ — ​ ​ 26 Other (1) ​ ​ 2,801 ​ ​ 2,327 ​ ​ 562 ​ ​ 70 ​ ​ 24 ​ ​ 33 ​ ​ 406 ​ ​ 6,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,150,380 ​ $ 1,594,108 ​ $ 840,875 ​ $ 645,961 ​ $ 344,810 ​ $ 764,890 ​ $ 809,266 ​ $ 6,150,290 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 605,047 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 261,218 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 628,672 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,645,227 (1) Loans classified in this category were assigned a FICO score based on various factors specific to the borrower for credit modeling purposes.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Allowance for Credit Losses
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Three Months Ended June 30, 2021 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 104,126 ​ $ — ​ $ (26,527) ​ $ (186) ​ $ 220 ​ $ 77,633 ​ Commercial and industrial ​ 28,513 ​ — ​ ​ (106) ​ ​ (1,242) ​ ​ 701 ​ 27,866 ​ Construction and land development ​ 7,249 ​ — ​ ​ (2,064) ​ ​ — ​ ​ — ​ 5,185 ​ 1-4 family residential ​ 3,388 ​ — ​ ​ 269 ​ ​ (51) ​ ​ 53 ​ 3,659 ​ Consumer ​ ​ 944 ​ ​ — ​ ​ (347) ​ ​ (74) ​ ​ 69 ​ ​ 592 ​ Broker-dealer ​ ​ 279 ​ ​ — ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 334 ​ Total ​ $ 144,499 ​ $ — ​ $ (28,720) ​ $ (1,553) ​ $ 1,043 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Six Months Ended June 30, 2021 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 109,629 ​ $ — ​ $ (32,044) ​ $ (186) ​ $ 234 ​ $ 77,633 ​ Commercial and industrial ​ 27,703 ​ ​ — ​ ​ 450 ​ ​ (1,421) ​ ​ 1,134 ​ 27,866 ​ Construction and land development ​ 6,677 ​ ​ — ​ ​ (1,492) ​ ​ — ​ ​ — ​ 5,185 ​ 1-4 family residential ​ 3,946 ​ ​ — ​ ​ (588) ​ ​ (161) ​ ​ 462 ​ 3,659 ​ Consumer ​ ​ 876 ​ ​ — ​ ​ (276) ​ ​ (153) ​ ​ 145 ​ ​ 592 ​ Broker-dealer ​ ​ 213 ​ ​ — ​ ​ 121 ​ ​ — ​ ​ — ​ ​ 334 ​ Total ​ $ 149,044 ​ $ — ​ $ (33,829) ​ $ (1,921) ​ $ 1,975 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Three Months Ended June 30, 2020 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 53,939 ​ $ — ​ $ 56,875 ​ $ (4,274) ​ $ 11 ​ $ 106,551 ​ Commercial and industrial ​ 38,550 ​ ​ — ​ ​ 5,176 ​ ​ (12,544) ​ ​ 681 ​ 31,863 ​ Construction and land development ​ 6,360 ​ ​ — ​ ​ 2,031 ​ ​ — ​ ​ 2 ​ 8,393 ​ 1-4 family residential ​ 6,365 ​ ​ — ​ ​ 1,199 ​ ​ (170) ​ ​ 5 ​ 7,399 ​ Consumer ​ ​ 1,203 ​ ​ — ​ ​ 319 ​ ​ (197) ​ ​ 104 ​ ​ 1,429 ​ Broker-dealer ​ ​ 322 ​ ​ — ​ ​ 426 ​ ​ — ​ ​ — ​ ​ 748 ​ Total ​ $ 106,739 ​ $ — ​ $ 66,026 ​ $ (17,185) ​ $ 803 ​ $ 156,383 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ End of ​ Six Months Ended June 30, 2020 ​ Period ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ Period ​ Commercial real estate ​ $ 31,595 ​ $ 8,073 ​ $ 71,350 ​ $ (4,488) ​ $ 21 ​ $ 106,551 ​ Commercial and industrial ​ 17,964 ​ ​ 3,193 ​ ​ 23,622 ​ ​ (13,984) ​ ​ 1,068 ​ 31,863 ​ Construction and land development ​ 4,878 ​ ​ 577 ​ ​ 2,938 ​ ​ (2) ​ ​ 2 ​ 8,393 ​ 1-4 family residential ​ 6,386 ​ ​ (29) ​ ​ 1,400 ​ ​ (373) ​ ​ 15 ​ 7,399 ​ Consumer ​ ​ 265 ​ ​ 748 ​ ​ 565 ​ ​ (373) ​ ​ 224 ​ ​ 1,429 ​ Broker-dealer ​ ​ 48 ​ ​ — ​ ​ 700 ​ ​ — ​ ​ — ​ ​ 748 ​ Total ​ $ 61,136 ​ $ 12,562 ​ $ 100,575 ​ $ (19,220) ​ $ 1,330 ​ $ 156,383 ​
Schedule of changes in the allowance for credit losses for loans with off-balance sheet credit exposures	Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2021 2020 ​ 2021 ​ 2020 Balance, beginning of period ​ $ 8,807 ​ $ 7,209 ​ $ 8,388 ​ $ 2,075 Transition adjustment CECL accounting standard ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,837 Other noninterest expense ​ ​ (826) ​ ​ 1,822 ​ ​ (407) ​ ​ 3,119 Balance, end of period ​ $ 7,981 ​ $ 9,031 ​ $ 7,981 ​ $ 9,031

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2021
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR asset	The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2021 ​ 2020 2021 ​ 2020 ​ Balance, beginning of period $ 142,125 ​ $ 30,299 ​ $ 143,742 ​ $ 55,504 ​ Additions 15,815 ​ 59,440 ​ 50,115 ​ 63,915 ​ Sales (31,850) ​ — ​ (84,633) ​ (18,650) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 4,536 ​ (6,284) ​ 28,674 ​ (15,878) ​ Due to customer payoffs (6,129) ​ (2,191) ​ (13,401) ​ (3,627) ​ Balance, end of period $ 124,497 ​ $ 81,264 ​ $ 124,497 ​ $ 81,264 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 10,229,835 ​ $ 14,643,623 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.22 % 0.98 % (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. Included in the three and six months ended June 30, 2021 periods are MSR asset fair value adjustments totaling $9.2 million and $18.9 million, respectively, which reflect the difference between the MSR asset carrying values and the sale prices reflected in the letters of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​
Schedule of key assumptions used in measuring the fair value of the Company's MSR	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ 2021 ​ 2020 ​ Weighted average constant prepayment rate 12.60 % ​ 12.15 % Weighted average discount rate 13.77 % ​ 14.60 % Weighted average life (in years) 6.2 ​ ​ 6.3 ​
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, ​ ​ 2021 2020 ​ Constant prepayment rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,072) ​ $ (5,639) ​ Impact of 20% adverse change ​ (6,087) ​ (11,164) ​ Discount rate: ​ ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (3,641) ​ (6,435) ​ Impact of 20% adverse change ​ (6,952) ​ (12,287) ​

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2021
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 ​ Noninterest-bearing demand ​ $ 4,231,082 ​ $ 3,612,384 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 2,607,332 ​ 2,399,341 ​ Brokered - demand ​ 4,950 ​ 282,426 ​ Money market ​ 3,118,975 ​ 2,716,878 ​ Brokered - money market ​ 208,032 ​ 124,243 ​ Savings ​ 293,886 ​ 276,327 ​ Time ​ 1,214,051 ​ 1,506,435 ​ Brokered - time ​ 55,477 ​ 324,285 ​ ​ ​ $ 11,733,785 ​ $ 11,242,319 ​

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	6 Months Ended
	Jun. 30, 2021
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Federal funds purchased ​ $ 179,100 ​ $ 180,325 ​ Securities sold under agreements to repurchase ​ 178,072 ​ 237,856 ​ Federal Home Loan Bank ​ — ​ — ​ Short-term bank loans ​ ​ 189,500 ​ ​ — ​ Commercial paper ​ 369,247 ​ 277,617 ​ ​ ​ $ 915,919 ​ $ 695,798 ​
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, ​ ​ ​ ​ 2021 ​ 2020 ​ Average balance during the period ​ $ 339,545 ​ $ 605,396 ​ ​ Average interest rate during the period ​ 0.36 % ​ 1.29 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2021 2020 ​ ​ Average interest rate at end of period ​ 0.31 % ​ 0.25 % ​ Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 178,034 ​ $ 237,913 ​ ​ Estimated fair value ​ $ 191,759 ​ $ 262,554 ​ ​
FHLB notes
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ ​ 2021 ​ 2020 ​ ​ Average balance during the period ​ $ — ​ $ 77,692 ​ ​ Average interest rate during the period ​ ​ — % ​ 1.62 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Senior Notes due April 2025, net of discount of $976 and $1,063, respectively ​ $ 149,024 ​ $ 148,937 Subordinated Notes due May 2030, net of discount of $749 and $793, respectively ​ ​ 49,251 ​ ​ 49,207 Subordinated Notes due May 2035, net of discount of $2,307 and $2,392, respectively ​ ​ 147,693 ​ ​ 147,608 Ventures Management lines of credit ​ 50,685 ​ 36,235 ​ ​ $ 396,653 ​ $ 381,987

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ 2021 ​ ​ 2020 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,063) ​ ​ (4,768) Premises and equipment, net ​ $ 2,717 ​ $ 3,012 ​
Schedule of components of lease costs	The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Operating lease cost ​ $ 9,746 ​ $ 10,621 ​ $ 19,403 ​ $ 21,251 Less operating lease and sublease income ​ ​ (342) ​ ​ (354) ​ ​ (681) ​ ​ (972) Net operating lease cost ​ $ 9,404 ​ $ 10,267 ​ $ 18,722 ​ $ 20,279 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 295 ​ $ 295 Interest on lease liabilities ​ ​ 132 ​ ​ 141 ​ ​ 266 ​ ​ 285 Total finance lease cost ​ $ 279 ​ $ 288 ​ $ 561 ​ $ 580
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ 2021 ​ 2020 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 19,162 ​ $ 19,075 ​ Operating cash flows from finance leases ​ ​ 266 ​ ​ 285 ​ Financing cash flows from finance leases ​ ​ 336 ​ ​ 312 ​ Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 28,935 ​ $ 8,476 ​ 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, 2021 ​ December 31, 2020 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification ​ Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 6.1 ​ 4.22 % ​ 5.5 ​ 4.67 % Finance ​ 5.2 ​ 4.83 % ​ 5.6 ​ 4.81 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of June 30, 2021, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2021 $ 9,032 ​ $ 610 2022 ​ 32,434 ​ ​ 1,241 2023 ​ 27,330 ​ ​ 1,280 2024 ​ 19,480 ​ ​ 1,163 2025 ​ 14,828 ​ ​ 886 Thereafter ​ 49,165 ​ ​ 1,411 Total minimum lease payments ​ 152,269 ​ ​ 6,591 Less amount representing interest ​ (18,250) ​ ​ (2,067) Lease liabilities $ 134,019 ​ $ 4,524 ​
Schedule of future minimum lease payments under finance leases	​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2021 $ 9,032 ​ $ 610 2022 ​ 32,434 ​ ​ 1,241 2023 ​ 27,330 ​ ​ 1,280 2024 ​ 19,480 ​ ​ 1,163 2025 ​ 14,828 ​ ​ 886 Thereafter ​ 49,165 ​ ​ 1,411 Total minimum lease payments ​ 152,269 ​ ​ 6,591 Less amount representing interest ​ (18,250) ​ ​ (2,067) Lease liabilities $ 134,019 ​ $ 4,524

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies
Schedule of rollforward 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, ​ 2021 2020 ​ 2021 2020 Balance, beginning of period ​ $ 30,137 ​ $ 34,779 ​ $ 30,085 ​ $ 32,144 Claims made ​ 8,575 ​ 6,141 ​ 13,687 ​ 12,212 Claims resolved with no payment ​ (1,956) ​ (673) ​ (4,870) ​ (1,657) Repurchases ​ (3,446) ​ (5,053) ​ (5,257) ​ (7,383) Indemnification payments ​ (547) ​ — ​ (882) ​ (122) Balance, end of period ​ $ 32,763 ​ $ 35,194 ​ $ 32,763 ​ $ 35,194 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2021 2020 2021 2020 Balance, beginning of period ​ $ 24,261 ​ $ 12,148 ​ $ 21,531 ​ $ 11,776 Additions for new sales ​ 2,858 ​ 2,897 ​ 5,865 ​ 3,622 Repurchases ​ (274) ​ (210) ​ (398) ​ (480) Early payment defaults ​ (25) ​ (359) ​ (36) ​ (402) Indemnification payments ​ (122) ​ — ​ (264) ​ (40) Change in reserves for loans sold in prior years ​ (326) ​ 987 ​ (326) ​ 987 Balance, end of period ​ $ 26,372 ​ $ 15,463 ​ $ 26,372 ​ $ 15,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 502 ​ $ 961 ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 25,870 ​ 20,570 ​ ​ ​ ​ ​ ​ Total ​ $ 26,372 ​ $ 21,531 ​ ​ ​ ​ ​ ​ ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested restricted stock unit (“RSU”) activity for the six months ended June 30, 2021 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (416) ​ $ 28.59 ​ Forfeited ​ (13) ​ $ 22.72 Balance, June 30, 2021 ​ 1,936 ​ $ 23.09 ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2021
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 table shows 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 ratio in effect at the end of the period (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. Actual capital amounts and ratios as of June 30, 2021 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ June 30, 2021 ​ December 31, 2020 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,422,952 10.22 % $ 1,385,842 10.44 % 4.0 % 5.0 % Hilltop ​ 2,259,977 12.87 % 2,111,580 12.64 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,422,952 15.00 % ​ 1,385,842 14.40 % 7.0 % 6.5 % Hilltop ​ ​ 2,194,977 20.22 % ​ 2,046,580 18.97 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,422,952 15.00 % 1,385,842 14.40 % 8.5 % 8.0 % Hilltop ​ 2,259,977 20.82 % 2,111,580 19.57 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,512,646 15.95 % 1,470,364 15.27 % 10.5 % 10.0 % Hilltop ​ 2,549,038 23.48 % 2,409,684 22.34 % 10.5 % N/A ​ ​
Schedule of net capital position	At June 30, 2021, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 300,316 ​ $ 4,457 ​ Less: required net capital ​ ​ 10,244 ​ ​ 250 ​ Excess net capital ​ $ 290,072 ​ $ 4,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 58.6 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 274,705 ​ ​ ​ ​ ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	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, ​ ​ ​ 2021 2020 2021 2020 ​ Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 4,033 ​ $ 47,267 ​ $ (225) ​ $ 67,143 ​ Hilltop Broker-Dealers ​ ​ 6,923 ​ ​ 20,149 ​ ​ (15,272) ​ ​ 12,008 ​ Bank ​ ​ 8 ​ ​ (0) ​ ​ 19 ​ ​ (135) ​
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 2,181,773 ​ $ 52,234 ​ $ 2,470,013 ​ $ 76,048 Commitments to purchase MBSs ​ 1,829,929 ​ 1,077 ​ 2,478,041 ​ 22,311 Commitments to sell MBSs ​ ​ 5,455,909 ​ (6,422) ​ 6,141,079 ​ (40,621) Interest rate swaps ​ ​ 36,975 ​ (1,524) ​ 43,786 ​ (2,196) U.S. Treasury bond futures and options (1) ​ ​ 196,700 ​ — ​ 225,400 ​ — Eurodollar and other futures (1) ​ ​ 1,086,743 ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 135,000 ​ $ (1,192) ​ $ 105,000 ​ $ (3,112) Interest rate swaps designated as fair value hedges (2) ​ ​ 128,289 ​ ​ 2,025 ​ ​ 60,618 ​ ​ (130) (1) Changes in the fair value of these contracts are settled daily with the respective counterparties of PrimeLending and the Hilltop Broker-Dealers. (2) The Company designated $128.3 million and $60.6 million as the hedged amount (from a closed portfolio of prepayable available for sale securities and loans held for investment with a carrying value of $126.3 million and $60.7 million as of June 30, 2021 and December 31, 2020, respectively), of which, a subset of these hedges are in last-of-layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $2.0 million and $0.1 million as of June 30, 2021 and December 31, 2020, respectively. ​

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,336,847 ​ $ — ​ $ 1,336,847 ​ $ (1,280,150) ​ $ — ​ $ 56,697 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 202,638 ​ ​ — ​ ​ 202,638 ​ ​ (202,124) ​ ​ — ​ ​ 514 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,801 ​ — ​ 1,801 ​ (1,801) ​ — ​ — ​ ​ $ 1,541,286 ​ $ — ​ $ 1,541,286 ​ $ (1,484,075) ​ $ — ​ $ 57,211 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,338,855 ​ $ — ​ $ 1,338,855 ​ $ (1,273,955) ​ $ — ​ $ 64,900 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 80,319 ​ ​ — ​ ​ 80,319 ​ ​ (79,925) ​ ​ — ​ ​ 394 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 22,311 ​ ​ — ​ ​ 22,311 ​ ​ (22,311) ​ ​ — ​ ​ — ​ ​ $ 1,441,485 ​ $ — ​ $ 1,441,485 ​ $ (1,376,191) ​ $ — ​ $ 65,294
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, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,260,158 ​ $ — ​ $ 1,260,158 ​ $ (1,204,014) ​ $ — ​ $ 56,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,524 ​ — ​ 1,524 ​ (1,471) ​ — ​ 53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 178,034 ​ — ​ 178,034 ​ (178,034) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 9,293 ​ (2,147) ​ 7,146 ​ (2,783) ​ — ​ 4,363 ​ ​ $ 1,449,009 ​ $ (2,147) ​ $ 1,446,862 ​ $ (1,386,302) ​ $ — ​ $ 60,560 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,245,066 ​ $ — ​ $ 1,245,066 ​ $ (1,179,090) ​ $ — ​ $ 65,976 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2,196 ​ — ​ 2,196 ​ (2,123) ​ — ​ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 237,856 ​ — ​ 237,856 ​ (237,856) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 40,741 ​ (120) ​ 40,621 ​ (12,670) ​ — ​ 27,951 ​ ​ $ 1,525,859 ​ $ (120) ​ $ 1,525,739 ​ $ (1,431,739) ​ $ — ​ $ 94,000
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, 2021 and December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2021 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 73,365 ​ $ — ​ $ 104,669 ​ $ — ​ $ 178,034 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,260,045 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,260,045 Total ​ $ 1,333,523 ​ $ — ​ $ 104,669 ​ $ — ​ $ 1,438,192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,438,192 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2020 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 110,831 ​ $ — ​ $ 127,025 ​ $ — ​ $ 237,856 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,244,953 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,244,953 Total ​ $ 1,355,897 ​ $ — ​ $ 127,025 ​ $ — ​ $ 1,482,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,482,922 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, 2021
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, ​ 2021 2020 Receivables: ​ ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,336,847 ​ $ 1,338,855 ​ Securities failed to deliver ​ 58,909 ​ 58,244 ​ Other ​ 7,691 ​ 7,628 ​ ​ ​ $ 1,403,447 ​ $ 1,404,727 ​ Payables: ​ ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,260,158 ​ $ 1,245,066 ​ Correspondents ​ 33,475 ​ 33,547 ​ Securities failed to receive ​ 93,996 ​ 61,589 ​ Trades in process of settlement ​ 44,685 ​ 21,765 ​ Other ​ 7,306 ​ 6,406 ​ ​ ​ $ 1,439,620 ​ $ 1,368,373 ​

Segment and Related Informati_2

Segment and Related Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment and Related Information
Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments	The following tables present certain information about continuing operations reportable business segment revenues, operating results, goodwill and assets (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Continuing Three Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Operations Net interest income (expense) ​ $ 105,468 ​ $ 10,682 ​ $ (5,953) ​ $ (4,687) ​ $ 2,406 ​ $ 107,916 Provision for (reversal of) credit losses ​ ​ (28,775) ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ (28,720) Noninterest income ​ ​ 10,242 ​ ​ 83,463 ​ ​ 241,965 ​ ​ 6,877 ​ ​ (2,648) ​ 339,899 Noninterest expense ​ 57,514 ​ 87,234 ​ 186,963 ​ ​ 12,072 ​ (415) ​ 343,368 Income (loss) from continuing operations before taxes ​ $ 86,971 ​ $ 6,856 ​ $ 49,049 ​ $ (9,882) ​ $ 173 ​ $ 133,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Continuing Six Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 209,352 ​ $ 21,196 ​ $ (13,051) ​ $ (9,379) ​ $ 5,480 ​ $ 213,598 Provision for (reversal of) credit losses ​ ​ (33,950) ​ ​ 121 ​ ​ — ​ ​ — ​ ​ — ​ ​ (33,829) Noninterest income ​ ​ 21,566 ​ ​ 182,086 ​ ​ 552,409 ​ ​ 7,383 ​ ​ (5,960) ​ ​ 757,484 Noninterest expense ​ 113,302 ​ 178,638 ​ 397,297 ​ 21,660 ​ (867) ​ 710,030 Income (loss) from continuing operations before taxes ​ $ 151,566 ​ $ 24,523 ​ $ 142,061 ​ $ (23,656) ​ $ 387 ​ $ 294,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Continuing Three Months Ended June 30, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 94,102 ​ $ 9,663 ​ $ (1,667) ​ $ (3,232) ​ $ 5,692 ​ $ 104,558 Provision for credit losses ​ ​ 65,600 ​ ​ 426 ​ ​ — ​ ​ — ​ ​ — ​ ​ 66,026 Noninterest income ​ ​ 10,656 ​ ​ 122,961 ​ ​ 340,487 ​ ​ 550 ​ ​ (6,529) ​ ​ 468,125 Noninterest expense ​ 56,622 ​ 104,411 ​ 200,493 ​ 8,888 ​ (205) ​ 370,209 Income (loss) from continuing operations before taxes ​ $ (17,464) ​ $ 27,787 ​ $ 138,327 ​ $ (11,570) ​ $ (632) ​ $ 136,448 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Six Months Ended June 30, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 188,025 ​ $ 22,836 ​ $ (1,299) ​ $ (4,888) ​ $ 10,220 ​ $ 214,894 Provision for credit losses ​ 99,875 ​ ​ 700 ​ ​ — ​ ​ — ​ ​ — ​ 100,575 Noninterest income ​ 19,427 ​ ​ 209,170 ​ ​ 519,455 ​ ​ 2,838 ​ ​ (11,052) ​ 739,838 Noninterest expense ​ 113,589 ​ 185,350 ​ 340,045 ​ ​ 13,741 ​ ​ (615) ​ 652,110 Income (loss) from continuing operations before taxes ​ $ (6,012) ​ $ 45,956 ​ $ 178,111 ​ $ (15,791) ​ $ (217) ​ $ 202,047 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,886,095 ​ $ 3,447,065 ​ $ 3,250,216 ​ $ 2,974,676 ​ $ (5,893,518) ​ $ 17,664,534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,338,930 ​ $ 3,196,346 ​ $ 3,285,005 ​ $ 2,823,374 ​ $ (5,699,391) ​ $ 16,944,264

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2021
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, ​ 2021 2020 2021 2020 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 99,060 ​ $ 97,701 ​ $ 219,404 ​ $ 144,186 Income from discontinued operations ​ ​ — ​ ​ 30,775 ​ ​ — ​ ​ 33,926 Income attributable to Hilltop ​ $ 99,060 ​ $ 128,476 ​ $ 219,404 ​ $ 178,112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 81,663 ​ 90,164 ​ 81,914 ​ 90,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 1.21 ​ $ 1.08 ​ $ 2.68 ​ $ 1.60 Income from discontinued operations ​ ​ — ​ ​ 0.34 ​ ​ — ​ ​ 0.37 ​ ​ $ 1.21 ​ $ 1.42 ​ $ 2.68 ​ $ 1.97 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 99,060 ​ $ 97,701 ​ $ 219,404 ​ $ 144,186 Income from discontinued operations ​ ​ — ​ ​ 30,775 ​ ​ — ​ ​ 33,926 Income attributable to Hilltop ​ $ 99,060 ​ $ 128,476 ​ $ 219,404 ​ $ 178,112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 81,663 ​ 90,164 ​ 81,914 ​ 90,337 Effect of potentially dilutive securities ​ 536 ​ ​ — ​ 493 ​ — Weighted average shares outstanding - diluted ​ 82,199 ​ 90,164 ​ 82,407 ​ 90,337 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 1.21 ​ $ 1.08 ​ $ 2.66 ​ $ 1.60 Income from discontinued operations ​ ​ — ​ ​ 0.34 ​ ​ — ​ ​ 0.37 ​ ​ $ 1.21 ​ $ 1.42 ​ $ 2.66 ​ $ 1.97

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details) $ in Millions	Jun. 30, 2020USD ($)	Jun. 30, 2021item
Basis of Presentation
Number of primary business units | item		2
NLC | Discontinued Operations, Disposed of by sale
Basis of Presentation
Cash proceeds from sale | $	$ 154.1
PPC
Basis of Presentation
Ownership percentage		100.00%
Securities Holdings
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%

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Disposed of by sale - NLC - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2020
Discontinued Operations
Cash proceeds from sale	$ 154,100
Net gains on disposal of discontinued operations		$ 32,341	$ 32,341	$ 36,800
Transaction cost				$ 5,100

Discontinued Operations - Opera

Discontinued Operations - Operations (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2020
Discontinued Operations
Income (loss) from discontinued operations before income taxes	$ (1,900)	$ 2,100
Income from discontinued operations, net of income taxes	30,775	33,926
Discontinued Operations, Disposed of by sale | NLC
Discontinued Operations
Securities: Taxable	814	1,752
Other	4	71
Total interest income	818	1,823
Interest expense - notes payable	369	775
Net insurance premiums earned	32,440	65,077
Other	5,297	3,051
Total noninterest income	37,737	68,128
Employees' compensation and benefits	3,225	6,002
Occupancy and equipment, net	217	464
Professional services	9,674	18,201
Loss and loss adjustment expenses	25,470	38,419
Other	1,511	3,987
Total noninterest expense	40,097	67,073
Income (loss) from discontinued operations before income taxes	(1,911)	2,103
Gain on disposal of discontinued operations	32,341	32,341	$ 36,800
Income tax expense (benefit)	(345)	518
Income from discontinued operations, net of income taxes	$ 30,775	$ 33,926

Discontinued Operations - Effec

Discontinued Operations - Effects of Reinsurance (Details) - NLC - Discontinued Operations, Disposed of by sale - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Written
Premiums from direct business	$ 33,831	$ 63,811
Reinsurance assumed	3,444	6,396
Reinsurance ceded	(1,406)	(2,759)
Net premiums	35,869	67,448
Earned
Premiums from direct business	30,638	61,384
Reinsurance assumed	3,208	6,452
Reinsurance ceded	(1,406)	(2,759)
Net premiums	32,440	65,077
Effect of reinsurance on incurred losses
Losses and LAE incurred	25,462	38,225
Reinsurance recoverables	8	194
Net loss and LAE incurred	$ 25,470	$ 38,419

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 2,610	$ 2,520
Mortgage loans held for sale, unpaid principal balance	$ 2,520	$ 2,410

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Trading securities	$ 682,483	$ 694,255
Available for sale securities	1,817,807	1,462,205
Equity securities	193	140
MSR asset	124,497	143,742
Financial liabilities:
Securities sold, not yet purchased	132,950	79,789
Recurring
Financial assets:
Trading securities	682,483	694,255
Available for sale securities	1,817,807	1,462,205
Equity securities	193	140
Loans held for sale	2,609,034	2,521,404
Derivative assets	84,480	126,898
MSR asset	124,497	143,742
Financial liabilities:
Securities sold, not yet purchased	132,950	79,789
Derivative liabilities	38,282	74,598
Recurring | Level 1
Financial assets:
Trading securities	6,189	45,390
Equity securities	193	140
Financial liabilities:
Securities sold, not yet purchased	109,571	54,494
Recurring | Level 2
Financial assets:
Trading securities	676,294	648,865
Available for sale securities	1,817,807	1,462,205
Loans held for sale	2,537,601	2,449,588
Derivative assets	84,480	126,898
Financial liabilities:
Securities sold, not yet purchased	23,379	25,295
Derivative liabilities	38,282	74,598
Recurring | Level 3
Financial assets:
Loans held for sale	71,433	71,816
MSR asset	$ 124,497	$ 143,742

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 219,400	$ 109,887	$ 215,558	$ 122,699
Purchases/Additions	34,777	93,779	81,571	112,538
Sales/Reductions	(54,122)	(26,768)	(114,144)	(49,593)
Transfers to (from) Level 3	(2,549)	2,746	(1,808)	8,967
Total gains or losses (realized or unrealized):
Included in Net Income	(1,576)	(6,444)	14,753	(21,411)
Asset balance, end of period	195,930	173,200	195,930	173,200
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	77,275	79,588	71,816	67,195
Purchases/Additions	18,962	34,339	31,456	48,623
Sales/Reductions	(22,272)	(26,768)	(29,511)	(30,943)
Transfers to (from) Level 3	(2,549)	2,746	(1,808)	8,967
Total gains or losses (realized or unrealized):
Included in Net Income	17	2,031	(520)	(1,906)
Asset balance, end of period	71,433	91,936	71,433	91,936
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	142,125	30,299	143,742	55,504
Purchases/Additions	15,815	59,440	50,115	63,915
Sales/Reductions	(31,850)		(84,633)	(18,650)
Total gains or losses (realized or unrealized):
Included in Net Income	(1,593)	(8,475)	15,273	(19,505)
Asset balance, end of period	$ 124,497	$ 81,264	$ 124,497	$ 81,264

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Jun. 30, 2021item	Dec. 31, 2020item
Loans Held for Sale
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Valuation Technique [Extensible List]	hth:MarketComparisonValuationTechniqueMember	hth:MarketComparisonValuationTechniqueMember
Loans Held-for-sale, Measurement Input [Extensible List]	Projected Price	Projected Price
Loans Held for Sale | Projected Price | Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.95	0.94
Loans Held for Sale | Projected Price | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.91	0.91
Loans Held for Sale | Projected Price | Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.95	0.94
MSR asset | Constant Prepayment Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
MSR asset | Constant Prepayment Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1260	0.1215
MSR asset | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1377	0.1460

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
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)	199,625	295,317	466,705	445,803
Other Noninterest Income	27,560	64,113	68,901	93,537
Loans Held for Sale
Fair Value Option
Net Gains (Losses)	45,439	24,499	(22,517)	58,478
Total Changes in Fair Value	45,439	24,499	(22,517)	58,478
MSR asset
Fair Value Option
Net Gains (Losses)	(1,593)	(8,475)	15,273	(19,505)
Total Changes in Fair Value	$ (1,593)	$ (8,475)	$ 15,273	$ (19,505)

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Held to maturity securities	$ 301,161	$ 326,671
Loans held for investment, net	7,529,958	7,544,097
Broker-dealer and clearing organization receivables	1,403,447	1,404,727
Financial liabilities:
Broker-dealer and clearing organization payables	1,439,620	1,368,373
Carrying Amount
Financial assets:
Cash and cash equivalents	1,373,205	1,062,946
Assets segregated for regulatory purposes	207,284	290,357
Securities purchased under agreements to resell	202,638	80,319
Held to maturity securities	288,776	311,944
Loans held for sale	276,424	266,982
Loans held for investment, net	7,529,958	7,544,097
Broker-dealer and clearing organization receivables	1,403,447	1,404,727
Other assets	75,832	74,881
Financial liabilities:
Deposits	11,733,785	11,242,319
Broker-dealer and clearing organization payables	1,439,620	1,368,373
Short-term borrowings	915,919	695,798
Debt	463,665	448,999
Other liabilities	5,543	6,133
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	1,373,205	1,062,946
Assets segregated for regulatory purposes	207,284	290,357
Securities purchased under agreements to resell	202,638	80,319
Held to maturity securities	301,161	326,671
Loans held for sale	276,424	266,982
Loans held for investment, net	7,765,859	7,788,418
Broker-dealer and clearing organization receivables	1,403,447	1,404,727
Other assets	75,832	74,881
Financial liabilities:
Deposits	11,741,434	11,256,629
Broker-dealer and clearing organization payables	1,439,620	1,368,373
Short-term borrowings	915,919	695,798
Debt	463,665	448,999
Other liabilities	5,543	6,133
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	1,373,205	1,062,946
Assets segregated for regulatory purposes	207,284	290,357
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	202,638	80,319
Held to maturity securities	301,161	326,671
Loans held for sale	276,424	266,982
Loans held for investment, net	628,672	437,007
Broker-dealer and clearing organization receivables	1,403,447	1,404,727
Other assets	74,054	73,111
Financial liabilities:
Deposits	11,741,434	11,256,629
Broker-dealer and clearing organization payables	1,439,620	1,368,373
Short-term borrowings	915,919	695,798
Debt	463,665	448,999
Other liabilities	5,543	6,133
Estimate of Fair Value | Level 3
Financial assets:
Loans held for investment, net	7,137,187	7,351,411
Other assets	$ 1,778	$ 1,770

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 22,905	$ 19,088	$ 22,844	$ 19,771
Upward adjustments	5,763	1,525	5,884	1,631
Impairments and downward adjustments	(704)		(764)	(789)
Dispositions	(975)		(975)
Balance, end of period	26,989	$ 20,613	26,989	$ 20,613
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 64,800		$ 64,800		$ 63,600

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of fair value of trading securities
Debt Securities, Trading	$ 682,483	$ 694,255
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	132,950	79,789
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	1,289	40,491
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	15,764	40
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	187,488	336,081
Commercial mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading		876
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading	117,257	69,172
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	82,379	62,481
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	266,707	171,573
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	6,624	8,571
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 4,975	$ 4,970

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Available for sale
Amortized cost	$ 1,810,032	$ 1,435,919
Unrealized Gains	20,659	28,586
Unrealized Losses	(12,884)	(2,300)
Fair Value	1,817,807	1,462,205
Held to maturity
Amortized cost	288,776	311,944
Unrealized Gains	12,387	14,727
Unrealized Losses	(2)
Held to maturity, fair value	301,161	326,671
Equity Securities
Unrealized net gains from equity securities	100	100
Equity, at fair value	193	140
US Treasury Securities
Available for sale
Amortized cost	4,970
Unrealized Gains	4
Fair Value	4,974
Bonds
Available for sale
Amortized cost	49,273	82,036
Unrealized Gains	934	1,095
Unrealized Losses	(308)	(325)
Fair Value	49,899	82,806
Residential Mortgage Backed Securities
Available for sale
Amortized cost	917,373	624,863
Unrealized Gains	12,107	17,194
Unrealized Losses	(4,993)	(446)
Fair Value	924,487	641,611
Held to maturity
Amortized cost	11,637	13,547
Unrealized Gains	570	708
Held to maturity, fair value	12,207	14,255
Commercial mortgage-backed securities
Available for sale
Amortized cost	152,607	124,929
Unrealized Gains	520	768
Unrealized Losses	(4,292)	(1,159)
Fair Value	148,835	124,538
Held to maturity
Amortized cost	151,812	152,820
Unrealized Gains	7,620	9,205
Held to maturity, fair value	159,432	162,025
Collateralized Mortgage Obligations
Available for sale
Amortized cost	639,721	559,362
Unrealized Gains	4,903	6,916
Unrealized Losses	(3,166)	(370)
Fair Value	641,458	565,908
Held to maturity
Amortized cost	56,737	74,932
Unrealized Gains	1,380	2,036
Held to maturity, fair value	58,117	76,968
States and political subdivisions
Available for sale
Amortized cost	46,088	44,729
Unrealized Gains	2,191	2,613
Unrealized Losses	(125)
Fair Value	48,154	47,342
Held to maturity
Amortized cost	68,590	70,645
Unrealized Gains	2,817	2,778
Unrealized Losses	(2)
Held to maturity, fair value	$ 71,405	$ 73,423

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	112	43
Unrealized loss for twelve months or longer | item	4	5
Total | item	116	48
Fair Value
Unrealized loss for less than twelve months	$ 1,030,973	$ 353,961
Unrealized loss for twelve months or longer	8,483	13,611
Total	1,039,456	367,572
Unrealized Loss
Unrealized loss for less than twelve months	12,770	2,254
Unrealized loss for twelve months or longer	114	46
Total	$ 12,884	$ 2,300
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	4	8
Total | item	4	8
Fair Value
Unrealized loss for less than twelve months	$ 27,586	$ 60,298
Total	27,586	60,298
Unrealized Loss
Unrealized loss for less than twelve months	308	325
Total	$ 308	$ 325
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	50	15
Unrealized loss for twelve months or longer | item	1
Total | item	51	15
Fair Value
Unrealized loss for less than twelve months	$ 530,979	$ 86,287
Unrealized loss for twelve months or longer	4,878
Total	535,857	86,287
Unrealized Loss
Unrealized loss for less than twelve months	4,908	429
Unrealized loss for twelve months or longer	85
Total	$ 4,993	$ 429
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	14	10
Total | item	14	10
Fair Value
Unrealized loss for less than twelve months	$ 142,151	$ 105,386
Total	142,151	105,386
Unrealized Loss
Unrealized loss for less than twelve months	4,292	1,176
Total	$ 4,292	$ 1,176
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	33	10
Unrealized loss for twelve months or longer | item	3	5
Total | item	36	15
Fair Value
Unrealized loss for less than twelve months	$ 325,737	$ 101,990
Unrealized loss for twelve months or longer	3,605	13,611
Total	329,342	115,601
Unrealized Loss
Unrealized loss for less than twelve months	3,137	324
Unrealized loss for twelve months or longer	29	46
Total	$ 3,166	$ 370
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	11
Total | item	11
Fair Value
Unrealized loss for less than twelve months	$ 4,520
Total	4,520
Unrealized Loss
Unrealized loss for less than twelve months	125
Total	$ 125

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	2	2
Total | item	2	2
Fair Value
Unrealized loss for less than twelve months	$ 620	$ 578
Total	620	$ 578
Unrealized Losses
Unrealized loss for less than twelve months	2
Total	$ 2
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	2	2
Total | item	2	2
Fair Value
Unrealized loss for less than twelve months	$ 620	$ 578
Total	620	$ 578
Unrealized Losses
Unrealized loss for less than twelve months	2
Total	$ 2

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 5,087
Due after one year through five years	36,001
Due after five years through ten years	14,616
Due after ten years	44,627
Total	100,331
Amortized cost	1,810,032	$ 1,435,919
AFS, Fair Value, Rolling Maturity
Due in one year or less	5,117
Due after one year through five years	37,187
Due after five years through ten years	15,202
Due after ten years	45,521
Total	103,027
Fair Value	1,817,807	1,462,205
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	917,373
Amortized cost	917,373	624,863
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	924,487
Fair Value	924,487	641,611
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	639,721
Amortized cost	639,721	559,362
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	641,458
Fair Value	641,458	565,908
Commercial mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	152,607
Amortized cost	152,607	124,929
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	148,835
Fair Value	$ 148,835	$ 124,538

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 853
Due after one year through five years	1,182
Due after five years through ten years	10,596
Due after ten years	55,959
Total	68,590
Amortized cost	288,776	$ 311,944
HTM, Fair Value, Rolling Maturities
Due in one year or less	877
Due after one year through five years	1,206
Due after five years through ten years	11,024
Due after ten years	58,298
Total	71,405
Fair Value	301,161	326,671
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	11,637
Amortized cost	11,637	13,547
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	12,207
Fair Value	12,207	14,255
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	56,737
Amortized cost	56,737	74,932
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	58,117
Fair Value	58,117	76,968
Commercial mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	151,812
Amortized cost	151,812	152,820
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	159,432
Fair Value	$ 159,432	$ 162,025

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Securities
Realized net gains (losses) from trading securities portfolio	$ 11.1	$ 13.5	$ 19.8	$ 20.5
Realized net gains (losses) from other securities			(0.1)	0.2
Carrying amount of securities pledged	551.8		551.8		$ 712.3
Fair value of securities pledged	569.7		569.7		$ 733.8
Hilltop Broker-Dealers
Securities
Realized net gains (losses) from trading securities portfolio	$ (8.9)	$ 20.8	$ 35.1	$ 42.2

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans
Total loans	$ 7,645,227		$ 7,693,141
Allowance for loan losses	(115,269)	$ (144,499)	(149,044)	$ (156,383)	$ (106,739)	$ (61,136)
Loans held for investment, net	7,529,958		7,544,097
Commercial real estate
Loans
Total loans	3,090,480		3,133,903
Allowance for loan losses	(77,633)	(104,126)	(109,629)	(106,551)	(53,939)	(31,595)
Commercial and industrial
Loans
Total loans	2,232,035		2,627,774
Allowance for loan losses	(27,866)	(28,513)	(27,703)	(31,863)	(38,550)	(17,964)
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Loans
Total loans	261,200		486,700
Construction and land development
Loans
Total loans	770,779		828,852
Allowance for loan losses	(5,185)	(7,249)	(6,677)	(8,393)	(6,360)	(4,878)
1 - 4 family residential
Loans
Total loans	893,243		629,938
Allowance for loan losses	(3,659)	(3,388)	(3,946)	(7,399)	(6,365)	(6,386)
Consumer
Loans
Total loans	30,018		35,667
Allowance for loan losses	(592)	(944)	(876)	(1,429)	(1,203)	(265)
Broker-dealer
Loans
Total loans	628,672		437,007
Allowance for loan losses	$ (334)	$ (279)	$ (213)	$ (748)	$ (322)	$ (48)

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Non-accrual loans
Non-accrual Loans With Allowance	$ 15,525		$ 15,525		$ 20,363
Non-accrual Loans With No Allowance	46,145		46,145		46,731
Non-accrual loans	61,670		61,670		67,094
Interest Income Recognized	1,529	$ 472	2,775	$ 1,691
Decrease in non-accrual status loans			5,400
Commercial real estate
Non-accrual loans
Decrease in non-accrual status loans			3,600
Commercial real estate | Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	965		965		1,213
Non-accrual Loans With No Allowance	366		366		445
Non-accrual loans	1,331		1,331		1,658
Interest Income Recognized	54	86	128	(11)
Commercial real estate | Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	3,103		3,103		3,473
Non-accrual Loans With No Allowance	2,777		2,777		6,002
Non-accrual loans	5,880		5,880		9,475
Interest Income Recognized	139	69	229	85
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	10,077		10,077		10,821
Non-accrual Loans With No Allowance	22,956		22,956		23,228
Non-accrual loans	33,033		33,033		34,049
Interest Income Recognized	331	102	474	402
Decrease in non-accrual status loans			1,000
Construction and land development
Non-accrual loans
Non-accrual Loans With Allowance	100		100		102
Non-accrual Loans With No Allowance	374		374		405
Non-accrual loans	474		474		507
Interest Income Recognized	20	31	35	53
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	1,254		1,254		4,726
Non-accrual Loans With No Allowance	19,672		19,672		16,651
Non-accrual loans	20,926		20,926		21,377
Interest Income Recognized	1,106	182	2,030	1,165
1 - 4 family residential | Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	6,200		6,200		10,900
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	26		26		28
Non-accrual loans	26		26		$ 28
Interest Income Recognized	$ (121)	$ 2	$ (121)	$ (3)

Loans Held for Investment - TDR

Loans Held for Investment - TDRs (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Dec. 31, 2020USD ($)
TDRs, Non-covered loans
COVID-19 related loan modifications			$ 14		$ 1,000
COVID-19 loans modified and in deferral period	$ 76		$ 76
Number of TDR loans granted | loan	1	1	1	2
TDR at extension	$ 0.7	$ 6.8	$ 0.7	$ 7.8
TDR modifications, end of period		$ 2		$ 3.2
Unadvanced commitments to borrowers	$ 0.1		$ 0.1
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan	0	0	0	0
AB Note | Minimum | PlainsCapital (the Bank)
TDRs, Non-covered loans
Number of loans into which a single loan may be reconfigured | loan			2

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	$ 39,110	$ 45,912
Current Loans	7,606,117	7,647,229
Total loans	7,645,227	7,693,141
Accruing Loans Past Due 90 Days or More		6
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	5,461	13,529
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	13,972	4,092
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	19,677	28,291
Prime Lending
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Repurchase under a forbearance agreement	145,100
Prime Lending | U S Government Agencies Secured
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Accruing Loans Past Due 90 Days or More	245,800	243,600
Unpaid principal balance loans past due 90 days or more	247,500	245,500
Commercial real estate
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	3,090,480	3,133,903
Commercial real estate | Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	1,491	2,118
Current Loans	1,749,941	1,786,193
Total loans	1,751,432	1,788,311
Commercial real estate | 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	877	1,919
Commercial real estate | Non-owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	614	199
Commercial real estate | Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	4,456	9,045
Current Loans	1,334,592	1,336,547
Total loans	1,339,048	1,345,592
Commercial real estate | Owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	389	195
Commercial real estate | Owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	586	522
Commercial real estate | Owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	3,481	8,328
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	18,127	10,839
Current Loans	2,213,908	2,616,935
Total loans	2,232,035	2,627,774
Accruing Loans Past Due 90 Days or More		6
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	112	3,114
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	11,514	407
Commercial and industrial | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	6,501	7,318
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	278	19
Current Loans	770,501	828,833
Total loans	770,779	828,852
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	186	19
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	92
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	14,645	23,570
Current Loans	878,598	606,368
Total loans	893,243	629,938
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	3,825	8,110
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	1,765	3,040
1 - 4 family residential | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	9,055	12,420
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	113	321
Current Loans	29,905	35,346
Total loans	30,018	35,667
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	72	172
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	15	123
Consumer | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total Past Due Loans	26	26
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Current Loans	628,672	437,007
Total loans	$ 628,672	$ 437,007

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Internal risk grades of non-covered loans
2021	$ 1,150,380
2020	1,594,108
2019	840,875
2018	645,961
2017	344,810
2016 and Prior	764,890
Revolving	809,266
Total loans with credit quality measures	6,150,290
Total loans	7,645,227	$ 7,693,141
Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	605,047
Loans Funded Through Paycheck Protection Program
Internal risk grades of non-covered loans
Loans without credit quality measures	261,218
Commercial real estate
Internal risk grades of non-covered loans
Total loans	3,090,480	3,133,903
Commercial real estate | Non-owner occupied
Internal risk grades of non-covered loans
Total loans	1,751,432	1,788,311
Commercial real estate | Non-owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	6,265
2020	17,804
2019	24,294
2018	10,316
2017	2,392
2016 and Prior	19,772
Revolving	613
Total loans with credit quality measures	81,456
Commercial real estate | Non-owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	131,558
2020	190,921
2019	113,187
2018	103,111
2017	50,322
2016 and Prior	100,061
Revolving	28,644
Total loans with credit quality measures	717,804
Commercial real estate | Non-owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	77,697
2020	249,597
2019	145,589
2018	94,046
2017	68,835
2016 and Prior	158,090
Revolving	2,480
Total loans with credit quality measures	796,334
Commercial real estate | Non-owner occupied | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2019	941
2018	1,227
2017	3,127
2016 and Prior	3,451
Total loans with credit quality measures	8,746
Commercial real estate | Non-owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	21,809
2020	15,922
2019	13,914
2018	25,130
2017	18,913
2016 and Prior	49,967
Revolving	106
Total loans with credit quality measures	145,761
Commercial real estate | Non-owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2016 and Prior	1,331
Total loans with credit quality measures	1,331
Commercial real estate | Owner occupied
Internal risk grades of non-covered loans
Total loans	1,339,048	1,345,592
Commercial real estate | Owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	92,453
2020	58,760
2019	17,562
2018	20,835
2017	36,471
2016 and Prior	37,245
Revolving	1
Total loans with credit quality measures	263,327
Commercial real estate | Owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	59,804
2020	161,620
2019	130,146
2018	107,245
2017	51,786
2016 and Prior	117,746
Revolving	25,094
Total loans with credit quality measures	653,441
Commercial real estate | Owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	31,372
2020	104,569
2019	56,115
2018	98,448
2017	24,546
2016 and Prior	40,277
Revolving	5,166
Total loans with credit quality measures	360,493
Commercial real estate | Owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	3,181
2020	14,768
2019	5,368
2018	10,563
2017	6,895
2016 and Prior	15,132
Total loans with credit quality measures	55,907
Commercial real estate | Owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	743
2020	349
2019	1,260
2018	355
2017	2,291
2016 and Prior	882
Total loans with credit quality measures	5,880
Commercial and industrial
Internal risk grades of non-covered loans
Total loans	2,232,035	2,627,774
Commercial and industrial | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	16,708
2020	31,298
2019	29,838
2018	10,859
2017	9,651
2016 and Prior	2,862
Revolving	78,883
Total loans with credit quality measures	180,099
Commercial and industrial | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	67,493
2020	118,654
2019	37,872
2018	35,098
2017	17,248
2016 and Prior	29,173
Revolving	269,711
Total loans with credit quality measures	575,249
Commercial and industrial | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	56,379
2020	93,993
2019	42,675
2018	18,077
2017	8,596
2016 and Prior	7,745
Revolving	297,246
Total loans with credit quality measures	524,711
Commercial and industrial | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2020	27
Revolving	2,004
Total loans with credit quality measures	2,031
Commercial and industrial | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	1,676
2020	11,751
2019	1,537
2018	7,730
2017	4,241
2016 and Prior	5,308
Revolving	18,404
Total loans with credit quality measures	50,647
Commercial and industrial | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	6,468
2020	18,279
2019	3,266
2018	1,541
2017	248
2016 and Prior	91
Revolving	3,140
Total loans with credit quality measures	33,033
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Internal risk grades of non-covered loans
Total loans	261,200	486,700
Construction and land development
Internal risk grades of non-covered loans
Total loans	770,779	828,852
Construction and land development | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	626
2020	416
2018	1,235
Total loans with credit quality measures	2,277
Construction and land development | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	6,404
2020	10,194
Total loans with credit quality measures	16,598
Construction and land development | Other
Internal risk grades of non-covered loans
2021	215
Total loans with credit quality measures	215
Construction and land development | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	5,047
2020	11,957
2019	2,838
2018	3,894
2017	244
2016 and Prior	4,204
Revolving	1,456
Total loans with credit quality measures	29,640
Construction and land development | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	120,398
2020	202,026
2019	64,753
2018	14,615
2017	1,943
2016 and Prior	3,540
Revolving	39,268
Total loans with credit quality measures	446,543
Construction and land development | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	63,216
2020	99,810
2019	60,073
2018	12,951
2017	545
2016 and Prior	3,887
Revolving	23,411
Total loans with credit quality measures	263,893
Construction and land development | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2019	29
2018	5,741
2017	5,369
Total loans with credit quality measures	11,139
Construction and land development | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	391
2016 and Prior	83
Total loans with credit quality measures	474
1 - 4 family residential
Internal risk grades of non-covered loans
Total loans	893,243	629,938
1 - 4 family residential | FICO Score, Less than 620
Internal risk grades of non-covered loans
2021	478
2020	1,423
2019	754
2018	3,654
2017	54
2016 and Prior	28,067
Revolving	304
Total loans with credit quality measures	34,734
1 - 4 family residential | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	13,174
2020	13,132
2019	8,257
2018	9,015
2017	7,589
2016 and Prior	39,970
Revolving	913
Total loans with credit quality measures	92,050
1 - 4 family residential | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	324,320
2020	150,129
2019	66,263
2018	43,803
2017	21,882
2016 and Prior	74,180
Revolving	4,929
Total loans with credit quality measures	685,506
1 - 4 family residential | Substandard non-accrual
Internal risk grades of non-covered loans
2021	161
2020	14
2019	1,572
2017	123
2016 and Prior	19,056
Total loans with credit quality measures	20,926
1 - 4 family residential | Other
Internal risk grades of non-covered loans
2021	33,199
2020	7,504
2019	8,969
2018	5,458
2017	798
2016 and Prior	2,561
Revolving	1,538
Total loans with credit quality measures	60,027
Consumer
Internal risk grades of non-covered loans
Total loans	30,018	35,667
Consumer | FICO Score, Less than 620
Internal risk grades of non-covered loans
2021	840
2020	660
2019	488
2018	65
2017	77
2016 and Prior	55
Revolving	311
Total loans with credit quality measures	2,496
Consumer | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	3,015
2020	2,285
2019	1,602
2018	276
2017	496
2016 and Prior	97
Revolving	1,876
Total loans with credit quality measures	9,647
Consumer | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	2,489
2020	3,919
2019	1,151
2018	603
2017	79
2016 and Prior	23
Revolving	3,362
Total loans with credit quality measures	11,626
Consumer | Substandard non-accrual
Internal risk grades of non-covered loans
2017	25
2016 and Prior	1
Total loans with credit quality measures	26
Consumer | Other
Internal risk grades of non-covered loans
2021	2,801
2020	2,327
2019	562
2018	70
2017	24
2016 and Prior	33
Revolving	406
Total loans with credit quality measures	6,223
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	628,672
Total loans	$ 628,672	$ 437,007

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Allowance for loan losses
Available for sale debt securities past due	$ 0		$ 0
Allowance for credit losses	115,269	$ 156,383	115,269	$ 156,383	$ 144,499	$ 149,044	$ 106,739	$ 61,136
Increase in allowance on individually evaluated loans		6,200		23,800
Increase in allowance on collectively evaluated loans	27,700	59,900	34,200	76,600
Provision for (reversal of) credit losses	(1,000)		400
Allowance for Loan and Lease Losses Write-offs, Net	$ 500	$ 16,400	$ (100)	$ 17,900
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for loan losses
Allowance for credit losses								73,700
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Allowance for credit losses								12,562
Allowance in credit loss from expansion of horizon to life of loan								18,900
Non-credit component with allowance of previous categorized PCI loans								$ 6,300

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 144,499	$ 106,739	$ 149,044	$ 61,136
Provision for (reversal of) credit losses	(28,720)	66,026	(33,829)	100,575
Loans Charged Off	(1,553)	(17,185)	(1,921)	(19,220)
Recoveries on Charged Off Loans	1,043	803	1,975	1,330
Balance, End of Period	115,269	156,383	115,269	156,383
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				12,562
Commercial real estate
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	104,126	53,939	109,629	31,595
Provision for (reversal of) credit losses	(26,527)	56,875	(32,044)	71,350
Loans Charged Off	(186)	(4,274)	(186)	(4,488)
Recoveries on Charged Off Loans	220	11	234	21
Balance, End of Period	77,633	106,551	77,633	106,551
Commercial real estate | ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				8,073
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	28,513	38,550	27,703	17,964
Provision for (reversal of) credit losses	(106)	5,176	450	23,622
Loans Charged Off	(1,242)	(12,544)	(1,421)	(13,984)
Recoveries on Charged Off Loans	701	681	1,134	1,068
Balance, End of Period	27,866	31,863	27,866	31,863
Commercial and industrial | ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				3,193
Construction and land development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	7,249	6,360	6,677	4,878
Provision for (reversal of) credit losses	(2,064)	2,031	(1,492)	2,938
Loans Charged Off				(2)
Recoveries on Charged Off Loans		2		2
Balance, End of Period	5,185	8,393	5,185	8,393
Construction and land development | ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				577
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	3,388	6,365	3,946	6,386
Provision for (reversal of) credit losses	269	1,199	(588)	1,400
Loans Charged Off	(51)	(170)	(161)	(373)
Recoveries on Charged Off Loans	53	5	462	15
Balance, End of Period	3,659	7,399	3,659	7,399
1 - 4 family residential | ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				(29)
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	944	1,203	876	265
Provision for (reversal of) credit losses	(347)	319	(276)	565
Loans Charged Off	(74)	(197)	(153)	(373)
Recoveries on Charged Off Loans	69	104	145	224
Balance, End of Period	592	1,429	592	1,429
Consumer | ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				748
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	279	322	213	48
Provision for (reversal of) credit losses	55	426	121	700
Balance, End of Period	$ 334	$ 748	$ 334	$ 748

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 8,807	$ 7,209	$ 8,388	$ 2,075
Transition adjustment CECL accounting standard				3,837
Other noninterest expense	(826)	1,822	(407)	3,119
Balance, end of period	$ 7,981	$ 9,031	$ 7,981	9,031
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period				$ 5,900

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Change in fair value of mortgage servicing rights
Balance, beginning of year			$ 143,742
Balance, end of year	$ 124,497		124,497		$ 143,742
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	142,125	$ 30,299	143,742	$ 55,504	55,504
Additions	15,815	59,440	50,115	63,915
Sales	(31,850)		(84,633)	(18,650)
Changes in fair value: Due to changes in model inputs or assumptions	4,536	(6,284)	28,674	(15,878)
Changes in fair value: Due to customer payoffs	(6,129)	(2,191)	(13,401)	(3,627)
Balance, end of year	124,497	$ 81,264	124,497	$ 81,264	143,742
Mortgage loans serviced for others	$ 10,229,835		$ 10,229,835		$ 14,643,623
MSR asset as a percentage of serviced mortgage loans	1.22%		1.22%		0.98%
Mortgage servicing assets adjustment, fair value	$ 9,200		$ 18,900
Key Assumptions
Weighted average constant prepayment rate (as a percent)			12.60%		12.15%
Weighted average discount rate (as a percent)			13.77%		14.60%
Weighted average life (in years)			6 years 2 months 12 days		6 years 3 months 18 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR asset - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (3,072)		$ (3,072)		$ (5,639)
Constant prepayment rate: Impact of 20% adverse change	(6,087)		(6,087)		(11,164)
Discount rate: Impact of 10% adverse change	(3,641)		(3,641)		(6,435)
Discount rate: Impact of 20% adverse change	(6,952)		(6,952)		$ (12,287)
Contractually specified servicing fees, late fees and ancillary fees	$ 16,200	$ 5,100	$ 32,300	$ 11,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Deposits
Noninterest-bearing demand	$ 4,231,082	$ 3,612,384
Interest-bearing:
Demand accounts	2,607,332	2,399,341
Brokered - demand	4,950	282,426
Money market	3,118,975	2,716,878
Brokered - money market	208,032	124,243
Savings	293,886	276,327
Time	1,214,051	1,506,435
Brokered - time	55,477	324,285
Total deposits	$ 11,733,785	$ 11,242,319

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)item	Dec. 31, 2020USD ($)
Short-term borrowings
Short-term borrowings	$ 915,919			$ 695,798
Federal Funds Purchased.
Short-term borrowings
Short-term borrowings	179,100			180,325
Securities Sold under Agreements to Repurchase
Short-term borrowings
Short-term borrowings	$ 178,072			237,856
FHLB notes
Short-term borrowings
Average balance during the period		$ 77,692
Average interest rate during the period		1.62%
FHLB notes | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short Term Bank Loans.
Short-term borrowings
Short-term borrowings	$ 189,500
Short Term Bank Loans. | Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate on short-term bank loan borrowings (as a percent)	1.25%
Commercial paper
Short-term borrowings
Short-term borrowings	$ 369,247			$ 277,617
Number of commercial paper programs initiated | item			2
Weighted average maturity term	157 days
Weighted average interest rate on short-term bank loan borrowings (as a percent)	1.13%
Weighted average remaining life	78 days
Debt instrument, collateral	$ 401,800
Commercial paper | Minimum
Short-term borrowings
Maturity term of debt			14 days
Commercial paper | Maximum
Short-term borrowings
Maturity term of debt			270 days
Series 2019-1 CP Notes
Short-term borrowings
Maximum borrowing capacity			$ 300,000
Series 2019-2 CP Notes
Short-term borrowings
Maximum borrowing capacity			$ 200,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the period	$ 339,545	$ 605,396
Average interest rate during the period	0.36%	1.29%
Average interest rate at end of period (as a percent)	0.31%			0.25%
Securities underlying the agreements at end of period: Carrying value	$ 178,034			$ 237,913
Securities underlying the agreements at end of period: Estimated fair value	$ 191,759			$ 262,554

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument
Notes payable	$ 396,653	$ 381,987
Senior Notes due April 2025
Debt Instrument
Notes payable	149,024	148,937
Unamortized discount	976	1,063
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,251	49,207
Unamortized discount	749	793
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	147,693	147,608
Unamortized discount	2,307	2,392
Ventures Management lines of credit
Debt Instrument
Notes payable	$ 50,685	$ 36,235

Lease - Supplemental balance sh

Lease - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(5,063)	(4,768)
Premises and equipment, net	$ 2,717	$ 3,012

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Components of operating lease costs
Operating lease cost	$ 9,746	$ 10,621	$ 19,403	$ 21,251
Less operating lease and sublease income	(342)	(354)	(681)	(972)
Net operating lease cost	9,404	10,267	18,722	20,279
Amortization of ROU assets	147	147	295	295
Interest on lease liabilities	132	141	266	285
Total finance lease cost	$ 279	$ 288	$ 561	$ 580

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases
Operating cash flows from operating leases	$ 19,162	$ 19,075
Operating cash flows from finance leases	266	285
Financing cash flows from finance leases	336	312
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 28,935	$ 8,476

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Jun. 30, 2021	Dec. 31, 2020
Leases
Operating - Weighted Average Remaining Lease Term (Years)	6 years 1 month 6 days	5 years 6 months
Finance - Weighted Average Remaining Lease Term (Years)	5 years 2 months 12 days	5 years 7 months 6 days
Operating - Weighted Average Discount Rate	4.22%	4.67%
Finance - Weighted Average Discount Rate	4.83%	4.81%

Lease - Lease maturities (Detai

Lease - Lease maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating leases maturities
2021	$ 9,032
2022	32,434
2023	27,330
2024	19,480
2025	14,828
Thereafter	49,165
Total minimum lease payments	152,269
Less amount representing interest	(18,250)
Lease liabilities	134,019	$ 125,450
Finance Leases maturities:
2021	610
2022	1,241
2023	1,280
2024	1,163
2025	886
Thereafter	1,411
Total minimum lease payments	6,591
Less amount representing interest	(2,067)
Lease liabilities	$ 4,524

Lease - Operating leases that h

Lease - Operating leases that have not yet commenced (Details) $ in Millions	Jun. 30, 2021USD ($)
Leases
Additional operating leases that have not yet commenced	$ 2.6
Minimum
Leases
Expected to commence	3 years
Maximum
Leases
Expected to commence	6 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Taxes
Effective income tax rate (as a percent)	23.50%	23.30%	23.40%	23.20%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period			$ 21,531
Balance, end of period	$ 26,372		26,372
Reserve for Indemnification Liability:
Total	26,372		26,372		$ 21,531
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	30,137	$ 34,779	30,085	$ 32,144
Claims made	8,575	6,141	13,687	12,212
Claims resolved with no payment	(1,956)	(673)	(4,870)	(1,657)
Repurchases	(3,446)	(5,053)	(5,257)	(7,383)
Indemnification payments	(547)		(882)	(122)
Balance, end of period	32,763	35,194	32,763	35,194
Reserve for Indemnification Liability:
Total	32,763	35,194	32,763	35,194	30,085
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses	2,500	3,900	5,500	4,600
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	24,261	12,148	21,531	11,776
Additions for new sales	2,858	2,897	5,865	3,622
Repurchases	(274)	(210)	(398)	(480)
Early payment defaults	(25)	(359)	(36)	(402)
Indemnification payments	(122)		(264)	(40)
Change in reserves for loans sold in prior years	(326)	987	(326)	987
Balance, end of period	26,372	15,463	26,372	15,463
Reserve for Indemnification Liability:
Specific claims	502		502		961
Incurred but not reported claims	25,870		25,870		20,570
Total	$ 26,372	$ 15,463	$ 26,372	$ 15,463	$ 21,531

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Jun. 30, 2021USD ($)
Unused commitments to extend credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,100
Standby letters of credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 89.3

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
2020 Plan | Board of Directors
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	8,285	18,397

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs shares in Thousands	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of shares outstanding
Balance at the beginning of the period ( in shares) | shares	1,833
Granted (in shares) | shares	532
Vested/Released (in shares) | shares	(416)
Forfeited (in shares) | shares	(13)
Balance at the end of the period ( in shares) | shares	1,936
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 21.48
Grant date fair value (in dollars per share) | $ / shares	32.93
Vested/Released (in dollars per share) | $ / shares	28.59
Forfeited (in dollars per share) | $ / shares	22.72
Balance at the end of the period (in dollars per share) | $ / shares	$ 23.09

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	65,558
Number of shares awarded (in shares)	532,000
Number of awards subject to time-based vesting (in shares)	1,572,502
Number of awards vesting upon achievement of performance goals (in shares)	364,149
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense | $	$ 28.6
Weighted average period for unrecognized compensation expense (in years)	1 year 7 months 9 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	471,505
Number of awards subject to time-based vesting (in shares)	318,997
Number of awards vesting upon achievement of performance goals (in shares)	150,668
Performance period	3 years
Vesting period	3 years

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Regulatory matters
Regulatory capital effects from CECL transitionary period	5 years
PlainsCapital (the Bank)
Tier 1 capital (to average assets)
Actual Amount	$ 1,422,952	$ 1,385,842
Actual Ratio (as a percent)	10.22	10.44
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	4.00%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	5
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,422,952	$ 1,385,842
Actual Ratio (as a percent)	15	14.40
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	7.00%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	6.50%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,422,952	$ 1,385,842
Actual Ratio (as a percent)	15	14.40
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	8.50%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	8
Total capital (to risk-weighted assets)
Actual Amount	$ 1,512,646	$ 1,470,364
Actual Ratio (as a percent)	15.95	15.27
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	10.50%
To Be Well Capitalized Minimum Capital Requirements, Ratio (as a percent)	10
Hilltop
Tier 1 capital (to average assets)
Actual Amount	$ 2,259,977	$ 2,111,580
Actual Ratio (as a percent)	12.87	12.64
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	4.00%
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 2,194,977	$ 2,046,580
Actual Ratio (as a percent)	20.22	18.97
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	7.00%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 2,259,977	$ 2,111,580
Actual Ratio (as a percent)	20.82	19.57
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	8.50%
Total capital (to risk-weighted assets)
Actual Amount	$ 2,549,038	$ 2,409,684
Actual Ratio (as a percent)	23.48	22.34
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	10.50%

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 207,284	$ 290,357	$ 194,626
Hilltop Securities
Net Capital
Net capital	300,316
Less required net capital	10,244
Excess net capital	$ 290,072
Net capital as a percentage of aggregate debit items	58.60%
Net capital in excess of 5% aggregate debt items	$ 274,705
HTS Independent Network
Net Capital
Net capital	4,457
Less required net capital	250
Excess net capital	4,207
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 207,300	$ 290,400

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 22, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jul. 31, 2021	Jan. 31, 2021
Stockholders' Equity
Cash dividends declared per common share	$ 0.12	$ 0.12	$ 0.09	$ 0.24	$ 0.18
Cash dividends paid				$ 19,800	$ 16,300
Repurchase common stock authorized amount						$ 150,000	$ 75,000
Payments to repurchase shares				$ 49,471	$ 15,249
Repurchase of common stock (in shares)				1,390,721
Average price (per share)				$ 35.55

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative financial instruments
Available for sale securities	$ 1,817,807		$ 1,817,807		$ 1,462,205
Not designated as hedges | Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	4,033	$ 47,267	(225)	$ 67,143
Not designated as hedges | Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	6,923	20,149	(15,272)	12,008
Not designated as hedges | PlainsCapital (the Bank)
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	8	$ 0	19	$ (135)
Designated as hedges
Derivative financial instruments
Available for sale securities	126,300		126,300		60,700
Cumulative adjustment in available for sale securities	2,000		2,000		100
IRLCs | Not designated as hedges
Derivative financial instruments
Notional Amount	2,181,773		2,181,773		2,470,013
Estimated Fair Value	52,234		52,234		76,048
Commitments to Purchase MBSs | Not designated as hedges
Derivative financial instruments
Notional Amount	1,829,929		1,829,929		2,478,041
Estimated Fair Value	1,077		1,077		22,311
Commitments to Sell MBSs | Not designated as hedges
Derivative financial instruments
Notional Amount	5,455,909		5,455,909		6,141,079
Estimated Fair Value	(6,422)		(6,422)		(40,621)
Commitments to Sell MBSs | Not designated as hedges | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	4,200		4,200		26,100
Interest rate swaps | Not designated as hedges
Derivative financial instruments
Notional Amount	36,975		36,975		43,786
Estimated Fair Value	(1,524)		(1,524)		(2,196)
Interest rate swaps | Cash Flow Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	135,000		135,000		105,000
Estimated Fair Value	(1,192)		(1,192)		(3,112)
Interest rate swaps | Fair Value Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	128,289		128,289		60,618
Estimated Fair Value	2,025		2,025		(130)
U.S. Treasury bond futures and options | Not designated as hedges
Derivative financial instruments
Notional Amount	196,700		196,700		225,400
Eurodollar futures | Not designated as hedges
Derivative financial instruments
Notional Amount	1,086,743		1,086,743
Treasury bond futures and options and Eurodollar futures | Not designated as hedges | PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	$ 3,500		$ 3,500		$ 2,700

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 202,638	$ 80,319
Total
Gross Amounts of Recognized Assets	1,541,286	1,441,485
Net Amounts of Assets Presented in the Balance Sheet	1,541,286	1,441,485
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,484,075)	(1,376,191)
Net Amount	57,211	65,294
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,336,847	1,338,855
Net Amounts of Assets Presented in the Balance Sheet	1,336,847	1,338,855
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,280,150)	(1,273,955)
Net Amount	56,697	64,900
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	202,638	80,319
Net Amounts of Assets Presented in the Balance Sheet	202,638	80,319
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(202,124)	(79,925)
Net Amount	514	394
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	1,801	22,311
Net Amounts of Assets Presented in the Balance Sheet	1,801	22,311
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,801)	(22,311)
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, 2021	Dec. 31, 2020
Total
Gross Amounts of Recognized Liabilities	$ 1,449,009	$ 1,525,859
Gross Amounts Offset in the Balance Sheet	(2,147)	(120)
Net Amounts of Liabilities Presented in the Balance Sheet	1,446,862	1,525,739
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,386,302)	(1,431,739)
Net Amount	60,560	94,000
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,260,158	1,245,066
Net Amounts of Liabilities Presented in the Balance Sheets	1,260,158	1,245,066
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,204,014)	(1,179,090)
Net Amount	56,144	65,976
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	1,524	2,196
Net Amounts of Liabilities Presented in the Balance Sheet	1,524	2,196
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,471)	(2,123)
Net Amount	53	73
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	178,034	237,856
Net Amounts of Liabilities Presented in the Balance Sheet	178,034	237,856
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(178,034)	(237,856)
Net Amount	0	0
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	9,293	40,741
Gross Amounts Offset in the Balance Sheet	(2,147)	(120)
Net Amounts of Liabilities Presented in the Balance Sheet	7,146	40,621
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(2,783)	(12,670)
Net Amount	$ 4,363	$ 27,951

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)item
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Number of repurchase-to-maturity transactions outstanding | item	0	0
Total borrowings	$ 1,438,192	$ 1,482,922
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,438,192	1,482,922
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	90 days
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 1,333,523	1,355,897
Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	104,669	127,025
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	178,034	237,856
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	73,365	110,831
Assets-backed securities | Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	104,669	127,025
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	1,260,045	1,244,953
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,260,045	$ 1,244,953

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivables:
Securities borrowed	$ 1,336,847	$ 1,338,855
Securities failed to deliver	58,909	58,244
Other	7,691	7,628
Total receivables	1,403,447	1,404,727
Payables:
Securities loaned	1,260,158	1,245,066
Correspondents	33,475	33,547
Securities failed to receive	93,996	61,589
Trades in process of settlement	44,685	21,765
Other	7,306	6,406
Total Payables	$ 1,439,620	$ 1,368,373

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)itemsegment	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Information about the revenues, operating results, goodwill and assets
Number of primary business units | item			2
Number of reportable segments | segment			3
Net interest income (expense)	$ 107,916	$ 104,558	$ 213,598	$ 214,894
Provision for (reversal of) credit losses	(28,720)	66,026	(33,829)	100,575
Noninterest income	339,899	468,125	757,484	739,838
Noninterest expense	343,368	370,209	710,030	652,110
Income from continuing operations before income taxes	133,167	136,448	294,881	202,047
Income from discontinued operations before taxes		(1,900)		2,100
Goodwill	267,447		267,447		$ 267,447
Total assets	17,664,534		17,664,534		16,944,264
Operating segment | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	105,468	94,102	209,352	188,025
Provision for (reversal of) credit losses	(28,775)	65,600	(33,950)	99,875
Noninterest income	10,242	10,656	21,566	19,427
Noninterest expense	57,514	56,622	113,302	113,589
Income from continuing operations before income taxes	86,971	(17,464)	151,566	(6,012)
Goodwill	247,368		247,368		247,368
Total assets	13,886,095		13,886,095		13,338,930
Operating segment | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	10,682	9,663	21,196	22,836
Provision for (reversal of) credit losses	55	426	121	700
Noninterest income	83,463	122,961	182,086	209,170
Noninterest expense	87,234	104,411	178,638	185,350
Income from continuing operations before income taxes	6,856	27,787	24,523	45,956
Goodwill	7,008		7,008		7,008
Total assets	3,447,065		3,447,065		3,196,346
Operating segment | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(5,953)	(1,667)	(13,051)	(1,299)
Noninterest income	241,965	340,487	552,409	519,455
Noninterest expense	186,963	200,493	397,297	340,045
Income from continuing operations before income taxes	49,049	138,327	142,061	178,111
Goodwill	13,071		13,071		13,071
Total assets	3,250,216		3,250,216		3,285,005
Operating segment | Insurance Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(4,687)	(3,232)	(9,379)	(4,888)
Noninterest income	6,877	550	7,383	2,838
Noninterest expense	12,072	8,888	21,660	13,741
Income from continuing operations before income taxes	(9,882)	(11,570)	(23,656)	(15,791)
Total assets	2,974,676		2,974,676		2,823,374
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	2,406	5,692	5,480	10,220
Noninterest income	(2,648)	(6,529)	(5,960)	(11,052)
Noninterest expense	(415)	(205)	(867)	(615)
Income from continuing operations before income taxes	173	$ (632)	387	$ (217)
Total assets	$ (5,893,518)		$ (5,893,518)		$ (5,699,391)

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic earnings per share:
Income from continuing operations	$ 99,060	$ 97,701	$ 219,404	$ 144,186
Income from discontinued operations		30,775		33,926
Income attributable to Hilltop	$ 99,060	$ 128,476	$ 219,404	$ 178,112
Weighted average shares outstanding - basic	81,663	90,164	81,914	90,337
Income from continuing operations (in dollars per share)	$ 1.21	$ 1.08	$ 2.68	$ 1.60
Income from discontinued operations (in dollars per share)		0.34		0.37
Basic earnings per common share (in dollars per share)	$ 1.21	$ 1.42	$ 2.68	$ 1.97
Diluted earnings per share:
Income from continuing operations	$ 99,060	$ 97,701	$ 219,404	$ 144,186
Income from discontinued operations		30,775		33,926
Income attributable to Hilltop	$ 99,060	$ 128,476	$ 219,404	$ 178,112
Weighted average shares outstanding - basic	81,663	90,164	81,914	90,337
Effect of potentially dilutive securities (in shares)	536		493
Weighted average shares outstanding - diluted	82,199	90,164	82,407	90,337
Income from continuing operations (in dollars per share)	$ 1.21	$ 1.08	$ 2.66	$ 1.60
Income from discontinued operations (in dollars per share)		0.34		0.37
Diluted earnings per common share (in dollars per share)	$ 1.21	$ 1.42	$ 2.66	$ 1.97