Hilltop (HTH) 10-K 15 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Feb. 14, 2022	Jun. 30, 2021
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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
ICFR Auditor Attestation Flag	true
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		78,966,136
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 2,220
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	Dallas, Texas

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 2,823,138	$ 1,062,560
Federal funds sold	385	386
Assets segregated for regulatory purposes	221,740	290,357
Securities purchased under agreements to resell	118,262	80,319
Securities:
Trading, at fair value	647,998	694,255
Available for sale, at fair value, net (amortized cost of $2,148,635 and $1,435,919, respectively)	2,130,568	1,462,205
Held to maturity, at amortized cost, net (fair value of $276,296 and $326,671, respectively)	267,684	311,944
Equity, at fair value	250	140
Total securities	3,046,500	2,468,544
Loans held for sale	1,878,190	2,788,386
Loans held for investment, net of unearned income	7,879,904	7,693,141
Allowance for credit losses	(91,352)	(149,044)
Loans held for investment, net	7,788,552	7,544,097
Broker-dealer and clearing organization receivables	1,672,946	1,404,727
Premises and equipment, net	204,438	211,595
Operating lease right-of-use assets	112,328	105,757
Mortgage servicing rights	86,990	143,742
Other assets	452,880	555,983
Goodwill	267,447	267,447
Other intangible assets, net	15,284	20,364
Total assets	18,689,080	16,944,264
Deposits:
Noninterest-bearing	4,577,183	3,612,384
Interest-bearing	8,240,894	7,629,935
Total deposits	12,818,077	11,242,319
Broker-dealer and clearing organization payables	1,477,300	1,368,373
Short-term borrowings	859,444	695,798
Securities sold, not yet purchased, at fair value	96,586	79,789
Notes payable	387,904	381,987
Operating lease liabilities	130,960	125,450
Junior subordinated debentures		67,012
Other liabilities	369,606	632,889
Total liabilities	16,139,877	14,593,617
Commitments and contingencies (see Notes 20 and 21)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 78,964,978 and 82,184,893 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	790	822
Additional paid-in capital	1,274,446	1,317,929
Accumulated other comprehensive income (loss)	(10,219)	17,763
Retained earnings	1,257,014	986,792
Deferred compensation employee stock trust, net	752	771
Employee stock trust (5,749 and 6,930 shares, at cost, at December 31, 2021 and December 31, 2020, respectively)	(115)	(138)
Total Hilltop stockholders' equity	2,522,668	2,323,939
Noncontrolling interests	26,535	26,708
Total stockholders' equity	2,549,203	2,350,647
Total liabilities and stockholders' equity	$ 18,689,080	$ 16,944,264

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 2,148,635	$ 1,435,919
Held to maturity, fair value	$ 276,296	$ 326,671
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000
Common stock, shares issued	78,964,978	82,184,893
Common stock, shares outstanding	78,964,978	82,184,893
Employee stock trust, shares	5,749,000	6,930,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Loans, including fees	$ 404,312	$ 433,311	$ 460,471
Securities borrowed	61,667	51,360	69,582
Securities:
Taxable	47,633	48,273	58,493
Tax-exempt	9,766	6,698	6,159
Other	6,595	6,853	15,991
Total interest income	529,973	546,495	610,696
Interest expense:
Deposits	23,624	47,040	71,509
Securities loaned	50,974	42,816	60,086
Short-term borrowings	9,065	11,611	26,778
Notes payable	21,386	15,897	8,948
Junior subordinated debentures	1,558	2,772	3,851
Other	384	2,193	545
Total interest expense	106,991	122,329	171,717
Net interest income	422,982	424,166	438,979
Provision for (reversal of) credit losses	(58,213)	96,491	7,206
Net interest income after provision for (reversal of) credit losses	481,195	327,675	431,773
Noninterest income:
Net gains from sale of loans and other mortgage production income	825,960	1,001,059	504,935
Mortgage loan origination fees	160,011	171,769	130,003
Securities commissions and fees	143,827	142,720	137,742
Investment and securities advisory fees and commissions	152,443	131,327	103,787
Other	128,034	243,605	186,350
Total noninterest income	1,410,275	1,690,480	1,062,817
Noninterest expense:
Employees' compensation and benefits	1,007,235	1,059,645	844,602
Occupancy and equipment, net	100,602	99,416	113,336
Professional services	54,270	69,984	60,565
Other	225,291	224,758	193,386
Total noninterest expense	1,387,398	1,453,803	1,211,889
Income from continuing operations before income taxes	504,072	564,352	282,701
Income tax expense	117,976	133,071	63,714
Income from continuing operations	386,096	431,281	218,987
Income from discontinued operations, net of income taxes		38,396	13,990
Net income	386,096	469,677	232,977
Less: Net income attributable to noncontrolling interest	11,601	21,841	7,686
Income attributable to Hilltop	$ 374,495	$ 447,836	$ 225,291
Basic:
Earnings from continuing operations (in dollars per share)	$ 4.64	$ 4.59	$ 2.29
Earnings from discontinued operations		0.43	0.15
Basic earnings per common share (in dollars per share)	4.64	5.02	2.44
Diluted:
Earnings from continuing operations in dollars per share)	4.61	4.58	2.29
Earnings from discontinued operations		0.43	0.15
Diluted earnings per common share (in dollars per share)	$ 4.61	$ 5.01	$ 2.44
Weighted average share information:
Basic	80,708	89,280	92,345
Diluted	81,173	89,304	92,394

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 386,096	$ 469,677	$ 232,977
Other comprehensive income:
Change in fair value of cash flow hedges, net of tax of $849, $(820), and $111, respectively	6,205	(2,950)	417
Net unrealized gains (losses) on securities available for sale, net of tax of $(10,146), $2,756, and $6,276, respectively	(34,115)	9,111	21,599
Reclassification adjustment for gains (losses) included in net income, net of tax of $(21), $55, and $(573), respectively	(72)	183	(1,970)
Comprehensive income	358,114	476,021	253,023
Less: comprehensive income attributable to noncontrolling interest	11,601	21,841	7,686
Comprehensive income applicable to Hilltop	$ 346,513	$ 454,180	$ 245,337

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Cash flow hedge, tax	$ 849	$ (820)	$ 111
Net unrealized gains on securities available for sale, tax	(10,146)	2,756	6,276
Reclassification adjustment, tax	$ (21)	$ 55	$ (573)

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 (Loss)	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, 2018		$ 1,949,470	$ 936	$ 1,489,816	$ (8,627)		$ 466,737	$ 825	$ (217)	$ 24,423		$ 1,973,893
Balance (in shares) at Dec. 31, 2018			93,610,000						11,000
Increase (Decrease) in Stockholders' Equity
Net income		225,291					225,291			7,686		232,977
Other comprehensive income (loss)		20,046			20,046							20,046
Stock-based compensation expense		11,243		11,243								11,243
Common stock issued to board members		573		573								573
Common stock issued to board members (in shares)			27,000
Issuance of common stock related to share-based awards, net		(1,978)	$ 4	(1,982)								(1,978)
Issuance of common stock related to share-based awards, net (in shares)			394,000
Repurchases of common stock		(73,385)	$ (34)	(54,417)			(18,934)					$ (73,385)
Repurchases of common stock (in shares)			(3,390,000)									(3,390,247)
Dividends on common stock		(29,627)					(29,627)					$ (29,627)
Deferred compensation plan		13						(49)	$ 62			13
Deferred compensation plan (in shares)									(3,000)
Net cash contributed to noncontrolling interest										(6,352)		(6,352)
Balance at Dec. 31, 2019	$ 1,393	2,103,039	$ 906	1,445,233	11,419	$ 1,393	644,860	776	$ (155)	25,757	$ 1,393	2,128,796
Balance (in shares) at Dec. 31, 2019			90,641,000						8,000
Increase (Decrease) in Stockholders' Equity
Net income		447,836					447,836			21,841		469,677
Other comprehensive income (loss)		6,344			6,344							6,344
Stock-based compensation expense		14,089		14,089								14,089
Common stock issued to board members		586		586								586
Common stock issued to board members (in shares)			31,000
Issuance of common stock related to share-based awards, net		(1,088)	$ 3	(1,091)								(1,088)
Issuance of common stock related to share-based awards, net (in shares)			293,000
Repurchases of common stock		(208,664)	$ (87)	(140,888)			(67,689)					(208,664)
Repurchases of common stock (in shares)			(8,780,000)
Dividends on common stock		(32,524)					(32,524)					(32,524)
Deferred compensation plan		12						(5)	$ 17			12
Deferred compensation plan (in shares)									(1,000)
Net cash contributed to noncontrolling interest										(20,890)		(20,890)
Balance at Dec. 31, 2020	$ (5,691)	2,323,939	$ 822	1,317,929	17,763	$ (5,691)	986,792	771	$ (138)	26,708	$ (5,691)	2,350,647
Balance (in shares) at Dec. 31, 2020			82,185,000						7,000
Increase (Decrease) in Stockholders' Equity
Net income		374,495					374,495			11,601		386,096
Other comprehensive income (loss)		(27,982)			(27,982)							(27,982)
Stock-based compensation expense		16,927		16,927								16,927
Common stock issued to board members		602		602								602
Common stock issued to board members (in shares)			17,000
Issuance of common stock related to share-based awards, net		(2,708)	$ 3	(2,711)								(2,708)
Issuance of common stock related to share-based awards, net (in shares)			396,000
Repurchases of common stock		(123,631)	$ (35)	(58,301)			(65,295)					$ (123,631)
Repurchases of common stock (in shares)			(3,633,000)									(3,632,482)
Dividends on common stock		(38,978)					(38,978)					$ (38,978)
Deferred compensation plan		4						(19)	$ 23			4
Deferred compensation plan (in shares)									(1,000)
Net cash contributed to noncontrolling interest										(11,774)		(11,774)
Balance at Dec. 31, 2021		$ 2,522,668	$ 790	$ 1,274,446	$ (10,219)		$ 1,257,014	$ 752	$ (115)	$ 26,535		$ 2,549,203
Balance (in shares) at Dec. 31, 2021			78,965,000						6,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jan. 27, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.15	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.09	$ 0.09	$ 0.09	$ 0.09	$ 0.48	$ 0.36	$ 0.32

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income	$ 386,096	$ 469,677	$ 232,977
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (reversal of) credit losses	(58,213)	96,491	7,206
Depreciation, amortization and accretion, net	24,628	21,930	(1,483)
Deferred income taxes	(7,077)	16,583	(4,063)
Other, net	18,580	11,849	15,445
Net change in securities purchased under agreements to resell	(37,943)	(21,288)	2,580
Net change in trading securities	46,257	(4,679)	55,890
Net change in broker-dealer and clearing organization receivables	(564,404)	515,073	(338,158)
Net change in other assets	3,185	(78,997)	61,688
Net change in broker-dealer and clearing organization payables	129,495	(152,158)	206,170
Net change in other liabilities	(212,408)	249,313	78,245
Net change in securities sold, not yet purchased	16,797	35,972	(37,850)
Proceeds from sale of mortgage servicing rights asset	142,558	35,142
Change in valuation of mortgage servicing rights asset	(7,373)	37,926	24,353
Net gains from sales of loans	(825,960)	(1,001,059)	(504,935)
Loans originated for sale	(26,933,574)	(26,766,999)	(16,644,259)
Proceeds from loans sold	28,644,978	26,848,663	16,413,647
Net cash provided by (used in) operating activities for continuing operations	765,622	313,439	(432,547)
Net cash used in operating activities for discontinued operations		(33,003)	(476)
Net cash provided by (used in) operating activities	765,622	280,436	(433,023)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	43,695	81,140	73,924
Proceeds from sales, maturities and principal reductions of securities available for sale	621,984	433,828	296,812
Purchases of securities held to maturity		(7,553)	(109,622)
Purchases of securities available for sale	(1,343,763)	(975,289)	(415,763)
Net change in loans held for investment	125,315	(457,540)	(423,890)
Purchases of premises and equipment and other assets	(24,751)	(37,746)	(42,287)
Proceeds from sales of premises and equipment and other real estate owned	24,353	21,512	14,309
Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock	(107)	22,808	(17,092)
Other, net			904
Net cash used in investing activities for continuing operations	(553,274)	(918,840)	(622,705)
Net cash provided by investing activities for discontinued operations		1,941	18,413
Net cash received from disposal of discontinued operations		89,233
Net cash used in investing activities	(553,274)	(827,666)	(604,292)
Financing Activities
Net change in deposits	1,555,190	2,125,118	600,481
Net change in short-term borrowings	163,735	(729,110)	358,203
Proceeds from notes payable	976,119	1,451,249	1,055,772
Payments on notes payable and junior subordinated debentures	(1,037,652)	(1,325,711)	(1,000,960)
Payments to repurchase common stock	(123,631)	(208,664)	(73,385)
Dividends paid on common stock	(38,978)	(32,524)	(29,627)
Net cash distributed to noncontrolling interest	(11,774)	(20,890)	(6,352)
Other, net	(3,397)	(1,724)	(2,494)
Net cash provided by financing activities	1,479,612	1,257,744	901,638
Net change in cash, cash equivalents and restricted cash	1,691,960	710,514	(135,677)
Cash, cash equivalents and restricted cash, beginning of year	1,353,303	642,789	778,466
Cash, cash equivalents and restricted cash, end of year	3,045,263	1,353,303	642,789
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	110,108	124,934	168,535
Cash paid for income taxes, net of refunds	136,183	123,553	56,901
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	3,561	13,865	4,669
Additions to mortgage services rights	$ 78,433	$ 162,914	$ 13,755

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	Dec. 31, 2019USD ($)
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 433,626
Cash and due from banks, included within assets of discontinued operations	51,333
Federal funds sold	394
Assets segregated for regulatory purposes	157,436
Total cash, cash equivalents and restricted cash	$ 642,789

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	12 Months Ended
	Dec. 31, 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 and its assets and liabilities 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 audited 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”). Other than changes related to the implementation of the current expected credit losses (“CECL”) standard as of January 1, 2020, 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 owned 100% of the outstanding common securities of PCC Statutory Trusts I, II, III and IV (the “Trusts”), which were 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. As discussed in more detail within Note 16 to the consolidated financial statements, PCC fully redeemed all outstanding securities held by the Trusts during the third quarter of 2021. ​ 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., formerly Hilltop Securities 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 Securities and Exchange Commission (“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 Investments I, LLC ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation, including reclassifications due to the adoption of new accounting pronouncements and reclassifications due to the presentation of NLC’s results and its assets and liabilities as discontinued operations. 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. ​ Use of Estimates ​ 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 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. ​ Acquisition Accounting ​ Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a bargain purchase gain is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized. ​ Securities Purchased Under Agreements to Resell ​ Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts. ​ Securities ​ Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Securities held for resale to facilitate principal transactions with customers are classified as trading and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. The Company reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. ​ Debt securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk or other factors related to interest rate and prepayment risk. Debt securities available for sale are carried at fair value. Unrealized holding gains and losses on debt securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and reflect any optionality that may be embedded in the security. ​ Equity securities are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Equity securities that do not have readily determinable fair values are initially recorded at cost and subsequently remeasured when there is (i) an observable transaction involving the same investment, (ii) an observable transaction involving a similar investment from the same issuer or (iii) an impairment. These remeasurements are reflected in the consolidated statements of operations. ​ Allowance for Credit Losses on Available for Sale and Held to Maturity Securities ​ Available for sale debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For available for sale debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not been recorded through an allowance for credit losses, such as declines due to changes in market interest rates, are recorded through other comprehensive income, net of applicable taxes. ​ Allowances for credit losses may result from credit deterioration of the issuer or the collateral underlying the security. In performing an assessment of whether any decline in fair value is due to a credit loss, all relevant information is considered at the individual security level. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount by which the fair value is less than the amortized cost basis. ​ Under the new credit loss guidance adopted on January 1, 2020, the previous other-than-temporary-impairment (“OTTI”) model was replaced. Under the OTTI model, credit losses were recognized as a reduction to the cost basis of the investment with recovery of an impairment loss recognized prospectively over time as interest income, and reversals of impairment were not allowed. Effective January 1, 2020, if the Company intends to sell a debt security, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, the debt security is written down to its fair value and the write down is charged against the allowance for credit losses, with any incremental impairment reported in earnings. Reversals of the allowance for credit losses are permitted and should not exceed the allowance amount initially recognized. ​ For debt securities held to maturity, estimated expected credit losses are calculated in a manner like that used for loans held for investment. That is, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. With respect to certain classes of debt securities, primarily U.S. Treasuries, the Company considers the history of credit losses, current conditions and reasonable and supportable forecasts, which may indicate that the expectation that nonpayment of the amortized cost basis is or continues to be zero, even if the U.S. government were to technically default. Therefore, the Company has not recorded expected credit losses for those securities. ​ Loans Held for Sale ​ Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet between 30 and 45 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, historically with the majority with servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of the Fair Value Option Subsections of the ASC (the “Fair Value Option”). Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In addition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject to repurchase by PrimeLending. When such loans subject to repurchase no longer qualify for sale accounting, they are reported as loans held for sale in the consolidated balance sheets. ​ Loans Held for Investment ​ Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for credit losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. ​ The accrual of interest on credit deteriorated loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. Once placed on non-accrual status, interest income is recognized on a cash basis. Additionally, accretion of purchased discount on non-accrual loans is suspended. ​ The Company follows applicable regulatory guidance when measuring past due status. The Company uses the actual days elapsed since the payment due date of the loan to determine delinquency. In response to the ongoing 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 modifications generally met the criteria of the Economic Security Act (“CARES Act”) passed in March 2020. Therefore, the Company did not account for such loan modifications as TDRs ​ Management defines loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for credit losses. Acquired loans are segregated between those considered to be credit deteriorated and those without credit deterioration at acquisition. To make this determination, management considers such factors as past due status, non-accrual status and credit risk ratings. For acquired performing loans, a lifetime allowance for credit losses is estimated as of the date of acquisition and is recorded through provision for (reversal of) credit losses. The difference between the purchase price and loan receivable is amortized over the remaining life of the loan. ​ All formerly designated purchased credit impaired (“PCI”) loans became purchased credit deteriorated (“PCD”) loans effective January 1, 2020. PCD loans are loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination. For PCD loans, any non-credit discount or premium related to an acquired pool of PCD loans is allocated to each individual asset within the pool. On the acquisition date, the initial allowance for credit losses measured on a pooled basis is allocated to each individual asset within the pool to allocate any non-credit discount or premium. Credit losses are measured based on unpaid principal balance. A lifetime allowance for credit losses is estimated as of the date of acquisition. The initial allowance for credit losses is added to the purchase price and is considered to be part of the PCD loan amortized cost basis. ​ Allowance for Credit Losses for Loans Held for Investment ​ Credit quality within the loans held for investment portfolio is continuously monitored by management and is reflected within the allowance for credit losses for loans. The allowance for credit losses, or reserve, is an estimate of expected losses over the lifetime of a loan within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment is adjusted by a provision for (reversal of) credit losses, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. ​ The credit loss estimation process involves procedures to appropriately consider the unique characteristics of the Company’s loan portfolio segments, which are further disaggregated into loan classes, the level at which credit risk is monitored. The allowance for credit losses for loans not evaluated for specific reserves is calculated using statistical credit factors, including probabilities of default (“PD”) and loss given default (“LGD”), to the amortized cost of pools of loan exposures with similar risk characteristics over its contractual life, adjusted for prepayments, to arrive at an estimate of expected credit losses. Economic forecasts are applied over the period management believes it can estimate reasonable and supportable forecasts. Reasonable and supportable forecast periods and reversion assumptions to historical data are credit model specific. The Company typically forecasts economic variables over a one ​ Commercial loans that exceed a minimum size scope are underwritten and graded using credit models that leverage national industry default data to score the loans. At the conclusion of the process of underwriting or re-grading a borrower, each borrower (for commercial and industrial loans) or property (for commercial real estate loans) is assigned a PD grade threshold. The valuation methodology of risk rating internal grades is based on the merits of the financial ratios of the borrower or the property. In addition, an LGD grade is determined by the credit models utilizing collateral information provided. A master rating scale effectively "pools" the loans by credit scores and assigns a standard one year PD percentage and an LGD percentage equally for all loans that have a given score. For borrowers or loans that do not meet the minimum balance threshold, an internal scorecard is utilized to approximate the grades derived from the credit models and is mapped to the master rating scale. The resulting numerical PD grade is the credit quality indicator for commercial loans. The grades on borrowers or properties that are scored in the credit models are determined at origination and updated at least annually. The grades on the internal scorecards are updated annually if they meet a minimum threshold, or if new circumstances (favorable or unfavorable) warrant a re-scoring. ​ When computing allowance levels, credit loss assumptions are estimated using models that analyze loans according to credit risk ratings, historic loss experience, past due status and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. Future factors and forecasts may result in significant changes in the allowance and provision (reversal) for credit losses in those future periods. The allowance for credit losses will primarily reflect estimated losses for pools of loans that share similar risk characteristics, but will also consider individual loans that do not share risk characteristics with other loans. ​ Loans that Share Risk Characteristics with Other Loans (“ Collectively Evaluated”) ​ In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type and internal risk rating or past due category as follows. ​ Commercial and Industrial and Commercial Real Estate Loans. commitments, the Company separately evaluate owner and non-owner occupied real estate. The borrower’s financial statements may be used to evaluate amounts and sources of repayments, debt service coverage, debt capacity, and quality of earnings. Other non-financial metrics are also evaluated including the geographies and industries within which it operates, its management strength, and its reputation and historical experience. The internal LGD risk rating also considers assessment of collateral quality and current loan to value, collateral type and loan seniority, covenant strength and performance, as well as any individual, corporate, or government guarantees. ​ These factors are based on an evaluation of historical and current information and sometimes involve subjective assessment and interpretation. Specific considerations for construction are considered in the internal PD and LGD risk ratings including property type, development phase and complexity, as well as lease-up and stabilization projections. The PD and LGD factors are further sensitized in the models for future expectations over the loan’s contractual life, adjusted for prepayments. ​ 1-4 Family Residential Loans. The 1-4 family residential loan portfolio is segmented into pools of residential real estate loans with similar credit risk characteristics. For 1-4 family residential loans, the Company utilizes separate credit models designed for these types of loans to estimate the PD and LGD grades for the allowance for credit losses calculation. The models calculate expected losses and prepayments using borrower information at origination, including FICO score, loan type, collateral type, lien position, geography, origination year, and loan to value. Past due status post-origination is also a key input in the models. Current and future changes in economic conditions, including unemployment rates, home prices, index rates, and mortgage rates, are also considered. New originations and loan purchases are scored using the FICO score at origination. FICO score bands are assigned following prevalent industry standards and are used as the credit quality indicator for these types of loans. Substandard non-accrual loans are treated as a separate category in the credit scoring grid as the probability of default is 100% and the FICO score is no longer a relevant predictor. ​ Consumer Loans. The consumer loan portfolio is segmented into pools of consumer installment loans or revolving lines of credit with similar credit characteristics. The models calculate expected losses using borrower information at origination, including FICO score, origination year, geography, and collateral type. ​ Broker-Dealer Loans. The broker-dealer loan portfolio is evaluated on an individual basis using the collateral maintenance practical expedient. The collateral maintenance practical expedient allows the broker-dealer to compare the fair value of the collateral of each loan as of the reporting date to loan value. The underlying collateral of the loans to customers and correspondents is marked to market daily and any required additional collateral is collected. The allowance represents the amount of unsecured loan balances at the end of the period. ​ Qualitative Factors ​ Estimating the timing and amounts of future loss cash flows is subject to significant management judgment as these loss cash flows rely upon estimates such as default rates, loss severities, collateral valuations, the amounts and timing of principal payments (including any expected prepayments) or other factors that are reflective of current or future expected conditions. These estimates, in turn, depend on the duration of current overall economic conditions, industry, borrower, or portfolio specific conditions, the expected outcome of bankruptcy or insolvency proceedings, as well as, in certain circumstances, other economic factors, including the level of current and future real estate prices. All of these estimates and assumptions require significant management judgment and certain assumptions that are highly subjective. Model imprecision also exists in the allowance for credit losses estimation process due to the inherent time lag of available industry information and differences between expected and actual outcomes. ​ Management considers adjustments for these conditions in its allowance for credit loss estimates qualitatively where they may not be measured directly in its individual or collective assessments, including but not limited to: ● an adjustment to historical loss data to measure credit risk even if that risk is remote and does not meet the scope of assets with zero expected losses; ● the environmental factors and the areas in which credit is concentrated, such as the regulatory, environmental, or technological environment, the geographical area or key industries, or in the national or regional economic and business conditions where the borrower has exposure; ● the nature and volume of the company’s financial assets; ● the borrower’s financial condition, credit rating, credit score, asset quality, or business prospects; ● the borrower’s ability to make scheduled interest or principal payments; ● the remaining payment terms of the financial assets and the remaining time to maturity and the timing and extent of prepayments on the financial assets; ● the volume and severity of past due or adversely classified financial assets; ● the value of underlying collateral in which the collateral-dependent practical expedient has not been utilized; ● any updates to credit lending policies and procedures, including lending strategies, underwriting standards, collection and recovery practices, not reflected in the models; and ● the quality of the internal credit review system. ​ Loans that Do Not Share Risk Characteristics with Other Loans ​ When a loan is assigned a substandard non-accrual risk rating grade, the loan subsequently is evaluated on an individual basis and no longer evaluated on a collective basis. The net realizable value of the loan is compared to the appropriate loan basis (i.e. PCD loan versus non-PCD loan) to determine any allowance for credit losses. Loans that are below a predetermined threshold, with the exception of 1-4 family residential loans, are fully reserved. The Company generally considers non-accrual loans to be collateral-dependent. The practical expedient to measure credit losses using the fair value of the collateral has been exercised. ​ For commercial real estate loans, the fair value of collateral is primarily based on appraisals. For owner occupied real estate loans, underlying properties are occupied by the borrower in its business, and evaluations are based on business operations used to service the debt. For non-owner occupied real estate loans, underlying properties are income-producing and evaluations are based on tenant revenues. For income producing construction and land development loans, appraisals reflect the assumption that properties are completed. ​ For 1-4 family residential loans that are graded substandard non-accrual, an assessment of value is made using the most recent appraisal on file. If the appraisal on file is older than two years, the latest property tax assessment is used as a screening value to determine if a reserve might be required. If the assessed value is less than the appraised value, this value is discounted for selling costs and is used to measure the reserve required. If the appraisal is less than two years old, the value is discounted for selling costs and compared to the appropriate basis in the loan. ​ Consumer loans are charged off when they reach 90 days delinquency as a general rule. There are limited cases where the loan is not charged off due to special circumstances and is subject to the collateral review process. ​ Allowance for Loan Losses for Loans Held for Investment ​ Prior to the adoption of the new CECL standard on January 1, 2020, the Company’s allowance for loan losses was a reserve established through a provision for loan losses charged to or recovered from expense, which represents management’s best estimate of probable losses inherent in the existing portfolio of loans at the balance sheet date. The allowance for loan losses included allowance allocations calculated in accordance with the regulatory Interagency Policy Statement on the Allowance for Loan and Lease Losses and the Receivables and Contingencies Topics of the ASC. The level of the allowance reflected management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions, and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. While management utilized its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond its control, including the performance of the loan portfolio, the economy and changes in interest ra

Recently Issued Accounting Stan

Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2021
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards ​ Accounting Standards Adopted During 2021 ​ In January 2020, FASB issued Accounting Standards Update (“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 was effective in periods beginning after December 15, 2020. The Company adopted the provisions of ASU 2020-01 as of January 1, 2021. The adoption of these provisions did not have a material impact on its consolidated financial statements. ​ In July 2021, FASB issued ASU 2021-05, which amends ASC 842 to require lessors to classify leases as operating leases if they have variable lease payments that do not depend on an index or rate and would have selling losses if they were classified as sales-type or direct financing leases. As permitted within the amendment, the Company elected to early adopt the provisions as of July 31, 2021. The adoption of this amendment did not have a material impact on the Company’s consolidated financial statements. In August 2021, FASB issued ASU 2021-06 to both clarify and improve disclosures related to depository lending and investment companies. The amendments in ASU 2021-06 were effective upon issuance. The impact of this amendment is limited to presentation and disclosure changes that did not have a material impact on its consolidated financial statements.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2021
Discontinued Operations
Discontinued Operations	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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 ​ 2019 Interest income: ​ ​ ​ ​ ​ ​ Securities: ​ ​ ​ ​ ​ ​ Taxable ​ $ 1,752 ​ $ 3,611 Other ​ ​ 71 ​ ​ 522 Total interest income ​ ​ 1,823 ​ ​ 4,133 ​ ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ ​ Notes payable ​ ​ 775 ​ ​ 1,806 ​ ​ ​ ​ ​ ​ ​ Noninterest income: ​ ​ ​ ​ ​ ​ Net insurance premiums earned ​ ​ 65,077 ​ ​ 132,284 Other ​ ​ 3,051 ​ ​ 10,915 Total noninterest income ​ ​ 68,128 ​ ​ 143,199 ​ ​ ​ ​ ​ ​ ​ Noninterest expense: ​ ​ ​ ​ ​ ​ Employees' compensation and benefits ​ ​ 6,002 ​ ​ 11,663 Occupancy and equipment, net ​ ​ 464 ​ ​ 991 Professional services ​ ​ 18,201 ​ ​ 35,528 Loss and loss adjustment expenses ​ ​ 38,419 ​ ​ 68,940 Other ​ ​ 3,987 ​ ​ 10,796 Total noninterest expense ​ ​ 67,073 ​ ​ 127,918 ​ ​ ​ ​ ​ ​ ​ Income from discontinued operations before income taxes ​ ​ 2,103 ​ ​ 17,608 Gain on disposal of discontinued operations ​ ​ 36,811 ​ ​ — Income tax expense ​ ​ 518 ​ ​ 3,618 Income from discontinued operations, net of income taxes ​ $ 38,396 ​ $ 13,990 ​ ​ Reinsurance Activity ​ The effects of reinsurance on premiums written and earned are included within discontinued operations for all periods presented and are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 ​ 2019 ​ Written Earned Written Earned Premiums from direct business $ 63,811 ​ $ 61,384 ​ $ 125,157 ​ $ 126,434 Reinsurance assumed 6,396 ​ 6,452 ​ 13,148 ​ 13,041 Reinsurance ceded (2,759) ​ (2,759) ​ (7,191) ​ (7,191) Net premiums $ 67,448 ​ $ 65,077 ​ $ 131,114 ​ $ 132,284 ​ The effects of reinsurance on incurred losses and LAE are included within discontinued operations and are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Losses and LAE incurred ​ $ 38,225 ​ $ 68,130 Reinsurance recoverables ​ 194 ​ 810 Net loss and LAE incurred ​ $ 38,419 ​ $ 68,940 ​

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . ​ Fair Value Option ​ The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the retained MSR asset at fair value, under the provisions of the Fair Value Option. The Company elected to apply the provisions of the Fair Value Option to these items so that it would have the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. At December 31, 2021 and 2020, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $1.78 billion and $2.52 billion, respectively, and the unpaid principal balance of those loans was $1.73 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. ​ Trading Securities ​ Available For Sale Securities ​ Equity Securities ​ Loans Held for Sale ​ Derivatives ​ MSR Asset Securities Sold, Not Yet Purchased ​ The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total December 31, 2021 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,628 ​ $ 639,370 ​ $ — ​ $ 647,998 ​ Available for sale securities ​ ​ — ​ ​ 2,130,568 ​ ​ — ​ ​ 2,130,568 ​ Equity securities ​ ​ 250 ​ ​ — ​ ​ — ​ ​ 250 ​ Loans held for sale ​ ​ — ​ ​ 1,734,875 ​ ​ 47,716 ​ ​ 1,782,591 ​ Derivative assets ​ ​ — ​ ​ 48,122 ​ ​ — ​ ​ 48,122 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 86,990 ​ ​ 86,990 ​ Securities sold, not yet purchased ​ ​ 45,973 ​ ​ 50,613 ​ ​ — ​ ​ 96,586 ​ Derivative liabilities ​ ​ — ​ ​ 21,816 ​ ​ — ​ ​ 21,816 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 table includes a rollforward for those financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Year ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Year Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 56,480 ​ $ (76,166) ​ $ (4,139) ​ $ (275) ​ $ — ​ $ 47,716 MSR asset ​ ​ 143,742 ​ ​ 78,433 ​ ​ (142,558) ​ ​ — ​ ​ 7,373 ​ ​ — ​ ​ 86,990 Total ​ $ 215,558 ​ $ 134,913 ​ $ (218,724) ​ $ (4,139) ​ $ 7,098 ​ $ — ​ $ 134,706 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 67,195 ​ $ 61,410 ​ $ (57,682) ​ $ 10,323 ​ $ (9,430) ​ $ — ​ $ 71,816 MSR asset ​ ​ 55,504 ​ ​ 162,914 ​ ​ (36,750) ​ ​ — ​ ​ (37,926) ​ ​ — ​ ​ 143,742 Total ​ $ 122,699 ​ $ 224,324 ​ $ (94,432) ​ $ 10,323 ​ $ (47,356) ​ $ — ​ $ 215,558 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 60,475 ​ $ (34,849) ​ $ 1,136 ​ $ (10,031) ​ $ — ​ $ 67,195 MSR asset ​ ​ 66,102 ​ ​ 13,755 ​ ​ — ​ ​ — ​ ​ (24,353) ​ ​ — ​ ​ 55,504 Total ​ $ 116,566 ​ $ 74,230 ​ $ (34,849) ​ $ 1,136 ​ $ (34,384) ​ $ — ​ $ 122,699 ​ All net realized and unrealized gains (losses) in the table above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at December 31, 2021. For Level 3 financial instruments measured at fair value on a recurring basis at December 31, 2021 and 2020, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs December 31, 2021 ​ December 31, 2020 Loans ​ Market comparable ​ Projected price ​ 94 - 95 % ( 95 %) ​ 91 - 94 % ( 94 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 14.32 % ​ ​ ​ ​ ​ 14.60 % ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Year Ended December 31, 2020 ​ Year Ended December 31, 2019 ​ ​ Other Total ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ (55,442) ​ $ — ​ $ (55,442) ​ $ 52,296 ​ $ — ​ $ 52,296 ​ $ 12,775 ​ $ — ​ $ 12,775 MSR asset ​ 7,373 ​ — ​ 7,373 ​ (37,926) ​ — ​ (37,926) ​ (24,353) ​ — ​ (24,353) ​ ​ The Company determines the fair value of OREO on a non-recurring basis. In particular, the fair value of properties are determined at their respective acquisition date fair values. In addition, facts and circumstances may dictate a fair value measurement when there is evidence of impairment. The Company determines fair value primarily using independent appraisals of OREO properties. The resulting fair value measurements are classified as Level 2 inputs. At December 31, 2021 and 2020, the estimated fair value of OREO was $2.8 million and $21.3 million, respectively, and the underlying fair value measurements utilized Level 2 inputs. The amounts are included in other assets within the consolidated balance sheets. During the reported periods, all fair value measurements for OREO subsequent to initial recognition utilized Level 2 inputs. The Company recorded total losses of $1.2 million, $4.4 million and $1.4 million during 2021, 2020 and 2019, respectively, which represent a change in fair value subsequent to initial recognition of the asset. ​ The Fair Value of Financial Instruments Subsection of the ASC requires disclosure of the fair value of financial assets and liabilities, including the financial assets and liabilities previously discussed. The methods for determining estimated fair value for financial assets and liabilities measured at fair value on a recurring or non-recurring basis are discussed above. For other financial assets and liabilities, the Company utilizes quoted market prices, if available, to estimate the fair value of financial instruments. Because no quoted market prices exist for a significant portion of the Company’s financial instruments, the fair value of such instruments has been derived based on management’s assumptions with respect to future economic conditions, the amount and timing of future cash flows, and estimated discount rates. Different assumptions could significantly affect these estimates. Accordingly, the estimates provided herein do not necessarily indicate amounts which could be realized in a current transaction. Further, as it is management’s intent to hold a significant portion of its financial instruments to maturity, it is not probable that the fair values shown below will be realized in a current transaction. ​ Because of the wide range of permissible valuation techniques and the numerous estimates which must be made, it may be difficult to make reasonable comparisons of the Company’s fair value information to that of other financial institutions. The aggregate estimated fair value amount should in no way be construed as representative of the underlying value of Hilltop and its subsidiaries. The following methods and assumptions are typically used in estimating the fair value disclosures for financial instruments: ​ Cash and Cash Equivalents ​ Assets Segregated for Regulatory Purposes ​ Securities Purchased Under Agreements to Resell ​ Held to Maturity Securities ​ Loans Held for Sale ​ Loans Held for Investment ​ Broker-Dealer and Clearing Organization Receivables and Payables ​ Deposits ​ Short-Term Borrowings ​ Debt ​ Other Assets and Liabilities ​ The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2021 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 2,823,523 ​ $ 2,823,523 ​ $ — ​ $ — ​ $ 2,823,523 Assets segregated for regulatory purposes ​ ​ 221,740 ​ ​ 221,740 ​ ​ — ​ ​ — ​ ​ 221,740 Securities purchased under agreements to resell ​ ​ 118,262 ​ ​ — ​ ​ 118,262 ​ ​ — ​ ​ 118,262 Held to maturity securities ​ ​ 267,684 ​ ​ — ​ ​ 276,296 ​ ​ — ​ ​ 276,296 Loans held for sale ​ ​ 95,599 ​ ​ — ​ ​ 95,599 ​ ​ — ​ ​ 95,599 Loans held for investment, net ​ ​ 7,788,552 ​ ​ — ​ ​ 733,193 ​ ​ 7,266,732 ​ ​ 7,999,925 Broker-dealer and clearing organization receivables ​ 1,672,946 ​ — ​ 1,672,946 ​ — ​ 1,672,946 Other assets ​ 73,041 ​ — ​ 71,290 ​ 1,751 ​ 73,041 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 12,818,077 ​ — ​ 12,821,138 ​ — ​ 12,821,138 Broker-dealer and clearing organization payables ​ 1,477,300 ​ — ​ 1,477,300 ​ — ​ 1,477,300 Short-term borrowings ​ 859,444 ​ — ​ 859,444 ​ — ​ 859,444 Debt ​ 387,904 ​ — ​ 387,904 ​ — ​ 387,904 Other liabilities ​ 3,944 ​ — ​ 3,944 ​ — ​ 3,944 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $54.0 million and $63.6 million at December 31, 2021 and 2020, respectively, which are included within other assets in the consolidated balance sheets. Of the $54.0 million of such equity investments held at December 31, 2021, $16.8 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 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Balance, beginning of year ​ $ 22,844 $ 19,771 Additional investments ​ ​ — ​ ​ 500 Upward adjustments ​ ​ 6,411 ​ ​ 4,188 Impairments and downward adjustments ​ ​ (1,072) ​ ​ (1,615) Dispositions ​ (11,366) ​ — Balance, end of year ​ $ 16,817 ​ $ 22,844 ​

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Securities
Securities	5. Securities ​ The fair value of trading securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 U.S. Treasury securities $ 3,728 $ 40,491 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 3,410 ​ ​ 40 ​ Residential mortgage-backed securities ​ 152,093 ​ 336,081 ​ Commercial mortgage-backed securities ​ 126,389 ​ 876 ​ Collateralized mortgage obligations ​ ​ — ​ ​ 69,172 ​ Corporate debt securities ​ ​ 60,671 ​ ​ 62,481 ​ States and political subdivisions ​ ​ 285,376 ​ ​ 171,573 ​ Private-label securitized product ​ ​ 11,377 ​ ​ 8,571 ​ Other ​ ​ 4,954 ​ ​ 4,970 ​ Totals ​ $ 647,998 ​ $ 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 obligation may exceed the amount recognized in the financial statements. These securities, which are carried at fair value and reported as securities sold, not yet purchased in the consolidated balance sheets, had a value of $96.6 million and $79.8 million at December 31, 2021 and 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 ​ ​ ​ December 31, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 14,937 ​ $ — ​ $ (75) ​ $ 14,862 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 43,448 ​ ​ 838 ​ ​ (153) ​ ​ 44,133 Residential mortgage-backed securities ​ 900,084 ​ 7,979 ​ (9,617) ​ 898,446 Commercial mortgage-backed securities ​ ​ 219,460 ​ 367 ​ (9,128) ​ 210,699 Collateralized mortgage obligations ​ 926,783 ​ 2,547 ​ (12,464) ​ 916,866 States and political subdivisions ​ 43,923 ​ 1,839 ​ (200) ​ 45,562 Totals ​ $ 2,148,635 ​ $ 13,570 ​ $ (31,637) ​ $ 2,130,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ December 31, 2021 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 9,892 ​ $ 400 ​ $ — ​ $ 10,292 Commercial mortgage-backed securities ​ ​ 145,742 ​ 5,311 ​ — ​ 151,053 Collateralized mortgage obligations ​ 43,990 ​ 476 ​ — ​ 44,466 States and political subdivisions ​ 68,060 ​ 2,428 ​ (3) ​ 70,485 Totals ​ $ 267,684 ​ $ 8,615 ​ $ (3) ​ $ 276,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $0.2 million and $0.1 million at December 31, 2021 and 2020 from equity securities with fair values of $0.2 million and $0.1 million at December 31, 2021 and 2020, respectively. The Company recognized net gains of $0.1 million during 2021 and nominal net losses during 2020 due to changes in the fair value of equity securities still held at the balance sheet date. During 2021 and 2020, net gains and losses 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasury securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 14,862 ​ $ 75 — ​ $ — ​ $ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 2 ​ 14,862 ​ 75 — ​ — ​ — U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ ​ 9,904 ​ ​ 94 8 ​ ​ 60,298 ​ ​ 325 Unrealized loss for twelve months or longer 1 ​ 6,184 ​ 59 — ​ — ​ — ​ 3 ​ ​ 16,088 ​ ​ 153 8 ​ 60,298 ​ 325 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 52 ​ 548,392 ​ 6,915 15 ​ 86,287 ​ 429 Unrealized loss for twelve months or longer 17 ​ 104,378 ​ 2,702 — ​ — ​ — ​ 69 ​ ​ 652,770 ​ ​ 9,617 15 ​ 86,287 ​ 429 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 5 ​ 65,636 ​ 1,776 10 ​ 105,386 ​ 1,176 Unrealized loss for twelve months or longer 14 ​ 138,619 ​ 7,352 — ​ — ​ — ​ 19 ​ ​ 204,255 ​ ​ 9,128 10 ​ 105,386 ​ 1,176 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 72 ​ 618,464 ​ 11,316 10 ​ 101,990 ​ 324 Unrealized loss for twelve months or longer 10 ​ 62,647 ​ 1,148 5 ​ 13,611 ​ 46 ​ 82 ​ ​ 681,111 ​ ​ 12,464 15 ​ 115,601 ​ 370 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 5,576 ​ 200 — ​ — ​ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 14 ​ ​ 5,576 ​ ​ 200 — ​ — ​ — Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 147 ​ 1,262,834 ​ 20,376 43 ​ 353,961 ​ 2,254 Unrealized loss for twelve months or longer 42 ​ 311,828 ​ 11,261 5 ​ 13,611 ​ 46 ​ 189 ​ $ 1,574,662 ​ $ 31,637 48 ​ $ 367,572 ​ $ 2,300 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 558 ​ $ 1 2 ​ $ 578 ​ $ — Unrealized loss for twelve months or longer 1 ​ 266 ​ 2 — ​ — ​ — ​ 3 ​ 824 ​ 3 2 ​ 578 ​ — Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 558 ​ 1 2 ​ 578 ​ — Unrealized loss for twelve months or longer 1 ​ 266 ​ 2 — ​ — ​ — ​ 3 ​ $ 824 ​ $ 3 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 December 31, 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 ​ $ 11,837 ​ $ 11,853 ​ $ 678 ​ $ 683 Due after one year through five years ​ 36,068 ​ 36,781 ​ 1,176 ​ 1,192 Due after five years through ten years ​ 13,852 ​ 14,424 ​ 14,091 ​ 14,617 Due after ten years ​ 40,551 ​ 41,499 ​ 52,115 ​ 53,993 ​ ​ 102,308 ​ 104,557 ​ 68,060 ​ 70,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 900,084 ​ 898,446 ​ 9,892 ​ 10,292 Collateralized mortgage obligations ​ 926,783 ​ 916,866 ​ 43,990 ​ 44,466 Commercial mortgage-backed securities ​ 219,460 ​ 210,699 ​ 145,742 ​ 151,053 ​ ​ $ 2,148,635 ​ $ 2,130,568 ​ $ 267,684 ​ $ 276,296 ​ During 2021, 2020 and 2019, the Company recognized net gains from its trading portfolio of $26.4 million, $122.0 million and $20.5 million, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $68.7 million, $77.1 million and $132.7 million during 2021, 2020 and 2019, respectively. During 2021 and 2019, the Company had other realized losses on securities of $0.1 million and $2.5 million, respectively, compared with other realized gains on securities during 2020 of $0.2 million. All such net gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. ​ Securities with a carrying amount of $809.9 million and $712.3 million (with a fair value of $817.7 million and $733.8 million, respectively) at December 31, 2021 and 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 Company’s available for sale and held to maturity securities portfolios at December 31, 2021 and 2020. ​ Mortgage-backed securities and collateralized mortgage obligations consist principally of GNMA, Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) pass-through and participation certificates. GNMA securities are guaranteed by the full faith and credit of the United States, while FNMA and FHLMC securities are fully guaranteed by those respective United States government-sponsored agencies, and conditionally guaranteed by the full faith and credit of the United States.

Loans Held for Investment

Loans Held for Investment	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Commercial real estate ​ $ 3,042,729 ​ $ 3,133,903 Commercial and industrial (1) ​ 1,875,420 ​ ​ 2,627,774 Construction and land development ​ 892,783 ​ ​ 828,852 1-4 family residential ​ ​ 1,303,430 ​ ​ 629,938 Consumer ​ ​ 32,349 ​ ​ 35,667 Broker-dealer (2) ​ ​ 733,193 ​ ​ 437,007 ​ ​ 7,879,904 ​ 7,693,141 Allowance for credit losses ​ (91,352) ​ ​ (149,044) Total loans held for investment, net of allowance ​ $ 7,788,552 ​ $ 7,544,097 (1) Included loans totaling $77.7 million and $486.7 million at December 31, 2021 and 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 ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Year Ended December 31, ​ ​ Allowance Allowance Total Allowance Allowance Total 2021 2020 2019 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 1,213 ​ $ 445 ​ $ 1,658 ​ $ 378 ​ $ 1,364 ​ $ — Owner occupied ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ 3,473 ​ ​ 6,002 ​ ​ 9,475 ​ ​ 648 ​ ​ 295 ​ ​ 37 Commercial and industrial ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 10,821 ​ ​ 23,228 ​ ​ 34,049 ​ ​ 2,585 ​ ​ 2,362 ​ ​ 1,261 Construction and land development ​ 2 ​ ​ — ​ ​ 2 ​ 102 ​ ​ 405 ​ ​ 507 ​ ​ 202 ​ ​ 110 ​ ​ 250 1-4 family residential ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ 4,726 ​ ​ 16,651 ​ ​ 21,377 ​ ​ 3,721 ​ ​ 1,568 ​ ​ 45 Consumer ​ 23 ​ ​ — ​ ​ 23 ​ 28 ​ ​ — ​ ​ 28 ​ ​ (120) ​ ​ 122 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 20,363 ​ $ 46,731 ​ $ 67,094 ​ $ 7,414 ​ $ 5,821 ​ $ 1,593 ​ At December 31, 2021 and 2020, $2.9 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 from December 31, 2020 to December 31, 2021, by 19.8 million. The change in non-accrual loans was primarily due to decreases in commercial and industrial loans of $11.6 million, commercial real estate owner occupied loans of $5.1 million, and 1-4 family residential loans of $3.2 million. The respective decreases in commercial and industrial loans and commercial real estate owner occupied loans in non-accrual status since December 31, 2020 were primarily due to principal paydowns associated with six 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 . provisions from the March CARES Act that were set to expire at the end of 2020. This legislation extended the relief to financial institutions to suspend TDR assessment and reporting requirements under GAAP for loan modifications to the earlier of 60 days after the national emergency termination date or January 1, 2022. The Bank’s COVID-19 payment deferral programs allow for a deferral of principal and/or interest payments with such deferred principal payments due and payable on maturity date of the existing loan. The Bank’s actions included approval of approximately $1 billion in COVID-19 related loan modifications as of December 31, 2020. During 2021, the Bank continued to support its impacted banking clients through the approval of COVID-19 related loan modifications, which resulted in an additional $16 million of new COVID-19 related loan modifications since December 31, 2020. The portfolio of active deferrals that have not reached the end of their deferral period was approximately $4 million as of December 31, 2021. While the majority of the portfolio of COVID-19 related loan modifications no longer require deferral, such loans may represent elevated risk, and therefore management continues to monitor these loans. ​ Information regarding TDRs granted during 2021, 2020, and 2019 that do not qualify for the CARES Act exemption is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Year Ended December 31, 2020 ​ Year Ended December 31, 2019 ​ Number of Balance at Balance at Number of Balance at Balance at Number of Balance at Balance at ​ ​ ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ ​ 1 ​ ​ 725 ​ ​ 713 ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ 3 ​ ​ 9,464 ​ ​ 4,116 ​ 4 ​ 9,618 ​ 8,566 Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ 5 ​ ​ 438 ​ ​ 438 ​ — ​ — ​ — Consumer ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ 1 $ 725 $ 713 8 $ 9,902 $ 4,554 4 $ 9,618 $ 8,566 ​ All of the loan modifications included in the table above involved payment term extensions. The Bank did not grant principal reductions on any restructured loans during 2021, 2020 or 2019. ​ At December 31, 2021 and 2020, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. There were no TDRs granted during the twelve months preceding December 31, 2021, 2020 or 2019 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 December 31, 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 ​ $ 117 ​ $ — ​ $ 1,173 ​ $ 1,290 ​ $ 1,728,409 ​ $ 1,729,699 ​ $ — Owner occupied ​ 590 ​ ​ 688 ​ ​ 2,273 ​ ​ 3,551 ​ ​ 1,309,479 ​ ​ 1,313,030 ​ ​ — Commercial and industrial ​ ​ 1,059 ​ ​ 277 ​ ​ 13,640 ​ ​ 14,976 ​ ​ 1,860,444 ​ ​ 1,875,420 ​ ​ 1 Construction and land development ​ 946 ​ ​ — ​ ​ — ​ ​ 946 ​ ​ 891,837 ​ ​ 892,783 ​ ​ — 1-4 family residential ​ 7,642 ​ ​ 2,738 ​ ​ 4,842 ​ ​ 15,222 ​ ​ 1,288,208 ​ ​ 1,303,430 ​ ​ 100 Consumer ​ 123 ​ ​ 22 ​ ​ 22 ​ ​ 167 ​ ​ 32,182 ​ ​ 32,349 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 733,193 ​ ​ 733,193 ​ ​ — ​ ​ $ 10,477 ​ $ 3,725 ​ $ 21,950 ​ $ 36,152 ​ $ 7,843,752 ​ $ 7,879,904 ​ $ 101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $60.7 million and $243.6 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $61.7 million and $245.5 million, respectively) that were 90 days past due and accruing interest at December 31, 2021 and 2020, respectively. The significant decrease in these loans at December 31, 2021, compared to December 31, 2020, was due to PrimeLending’s sale of mortgage loans previously reflected as 90 days past due and accruing interest. 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 ongoing 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 December 31, 2021, PrimeLending had $20.2 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 (v) general economic conditions in state and local markets. The Company defines classified loans as loans with a risk rating of substandard, doubtful or loss. ​ A description of the risk rating internal grades for commercial loans to is presented in the following table. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating Internal Grade Risk Rating Description Pass low risk 1 - 3 Represents loans to very high credit quality commercial borrowers of investment or near investment grade. These borrowers have significant capital strength, moderate leverage, stable earnings and growth, and readily available financing alternatives. Commercial borrowers entirely cash secured are also included in this category. Pass normal risk 4 - 7 Represents loans to commercial borrowers of solid credit quality with moderate risk. Borrowers in these grades are differentiated from higher grades on the basis of size (capital and/or revenue), leverage, asset quality and the stability of the industry or market area. Pass high risk 8 - 10 Represents "pass grade" loans to commercial borrowers of higher, but acceptable credit quality and risk. Such borrowers are differentiated from Pass Normal Risk in terms of size, secondary sources of repayment or they are of lesser stature in other key credit metrics. Watch 11 Represents loans on management's "watch list" and is intended to be utilized on a temporary basis for pass grade commercial borrowers where a significant risk-modifying action is anticipated in the near term. Special mention 12 Represents loans with potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the loans and weaken the Company's credit position at some future date. Substandard accrual 13 Represents loans for which the accrual of interest has not been stopped, but are inadequately protected by the current sound worth and paying capacity of the obligor or the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard non-accrual 14 Represents loans for which the accrual of interest has been stopped and includes loans where interest is more than 90 days past due and not fully secured and loans where a specific valuation allowance may be necessary. Doubtful 15 Represents loans that are placed on non-accrual status and may be dependent upon collateral having a value that is difficult to determine or upon some near-term event which lacks certainty. Loss 16 Represents loans that are to be charged-off or charged-down when payment is acknowledged to be uncertain or when the timing or value of payments cannot be determined. Rating is not intended to imply that the loan or some portion of it will never be paid, nor does it in any way imply that there has been a forgiveness of debt. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ December 31, 2021 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 19,510 ​ $ 12,027 ​ $ 23,994 ​ $ 8,983 ​ $ 1,369 ​ $ 10,407 ​ $ (2) ​ $ 76,288 Internal Grade 4-7 (Pass normal risk) ​ ​ 299,960 ​ ​ 162,441 ​ ​ 103,841 ​ ​ 43,841 ​ ​ 39,559 ​ ​ 51,125 ​ ​ 59,263 ​ ​ 760,030 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 218,256 ​ ​ 209,652 ​ ​ 113,089 ​ ​ 84,631 ​ ​ 52,260 ​ ​ 110,736 ​ ​ 866 ​ ​ 789,490 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 3,130 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,130 Internal Grade 13 (Substandard accrual) ​ ​ 39,325 ​ ​ 7,382 ​ ​ 13,863 ​ ​ 16,337 ​ ​ 6,898 ​ ​ 14,690 ​ ​ — ​ ​ 98,495 Internal Grade 14 (Substandard non-accrual) ​ ​ 412 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,854 ​ ​ — ​ ​ 2,266 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 109,381 ​ $ 51,173 ​ $ 17,226 ​ $ 25,929 ​ $ 30,866 ​ $ 37,433 ​ $ 753 ​ $ 272,761 Internal Grade 4-7 (Pass normal risk) ​ ​ 202,416 ​ ​ 124,524 ​ ​ 114,361 ​ ​ 87,591 ​ ​ 22,985 ​ ​ 72,113 ​ ​ 15,326 ​ ​ 639,316 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 84,696 ​ ​ 103,483 ​ ​ 47,881 ​ ​ 76,145 ​ ​ 16,002 ​ ​ 26,707 ​ ​ 859 ​ ​ 355,773 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 1,040 ​ ​ 9,309 ​ ​ 1,959 ​ ​ 10,460 ​ ​ 6,747 ​ ​ 11,330 ​ ​ — ​ ​ 40,845 Internal Grade 14 (Substandard non-accrual) ​ ​ 1,561 ​ ​ — ​ ​ (3) ​ ​ 345 ​ ​ 2,270 ​ ​ 162 ​ ​ — ​ ​ 4,335 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 28,189 ​ $ 29,971 ​ $ 27,252 ​ $ 6,971 ​ $ 9,373 ​ $ 938 ​ $ 61,599 ​ $ 164,293 Internal Grade 4-7 (Pass normal risk) ​ ​ 161,264 ​ ​ 84,497 ​ ​ 24,824 ​ ​ 22,193 ​ ​ 12,689 ​ ​ 13,754 ​ ​ 287,625 ​ ​ 606,846 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 110,145 ​ ​ 74,513 ​ ​ 33,352 ​ ​ 11,794 ​ ​ 6,944 ​ ​ 5,771 ​ ​ 308,878 ​ ​ 551,397 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 1 Internal Grade 13 (Substandard accrual) ​ ​ 2,309 ​ ​ 12,589 ​ ​ 5,406 ​ ​ 6,800 ​ ​ 3,808 ​ ​ 3,590 ​ ​ 6,184 ​ ​ 40,686 Internal Grade 14 (Substandard non-accrual) ​ ​ 2,529 ​ ​ 15,646 ​ ​ 35 ​ ​ 388 ​ ​ 413 ​ ​ 86 ​ ​ 3,381 ​ ​ 22,478 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 19,341 ​ $ 30,728 ​ $ 3,119 ​ $ 1,586 ​ $ 233 ​ $ 3,071 ​ $ 439 ​ $ 58,517 Internal Grade 4-7 (Pass normal risk) ​ ​ 323,767 ​ ​ 125,843 ​ ​ 25,841 ​ ​ 11,319 ​ ​ 1,930 ​ ​ 2,154 ​ ​ 27,701 ​ ​ 518,555 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 170,375 ​ ​ 47,178 ​ ​ 45,067 ​ ​ 1,087 ​ ​ 418 ​ ​ 1,904 ​ ​ 24,176 ​ ​ 290,205 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ — ​ ​ 28 ​ ​ — ​ ​ 5,324 ​ ​ — ​ ​ — ​ ​ 5,352 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 1,232 ​ ​ — ​ ​ — ​ ​ 1,016 ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,248 FICO greater than 720 ​ ​ 16,171 ​ ​ 132 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,303 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 1,601 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,601 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,622 ​ $ 463 ​ $ 641 ​ $ 3,608 ​ $ 51 ​ $ 25,472 ​ $ 248 ​ $ 32,105 FICO between 620 and 720 ​ ​ 7,541 ​ ​ 10,872 ​ ​ 7,376 ​ ​ 7,452 ​ ​ 4,451 ​ ​ 29,416 ​ ​ 1,006 ​ ​ 68,114 FICO greater than 720 ​ ​ 782,137 ​ ​ 125,293 ​ ​ 53,296 ​ ​ 31,249 ​ ​ 15,101 ​ ​ 51,318 ​ ​ 2,821 ​ ​ 1,061,215 Substandard non-accrual ​ ​ — ​ ​ (4) ​ ​ 795 ​ ​ 277 ​ ​ 127 ​ ​ 17,013 ​ ​ — ​ ​ 18,208 Other (1) ​ ​ 95,308 ​ ​ 9,785 ​ ​ 5,751 ​ ​ 3,606 ​ ​ 828 ​ ​ 5,930 ​ ​ 2,580 ​ ​ 123,788 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,095 ​ $ 327 ​ $ 394 ​ $ 45 ​ $ 70 ​ $ 47 ​ $ 373 ​ $ 2,351 FICO between 620 and 720 ​ ​ 4,421 ​ ​ 915 ​ ​ 845 ​ ​ 141 ​ ​ 429 ​ ​ 71 ​ ​ 1,938 ​ ​ 8,760 FICO greater than 720 ​ ​ 9,528 ​ ​ 2,076 ​ ​ 854 ​ ​ 237 ​ ​ 12 ​ ​ 15 ​ ​ 2,545 ​ ​ 15,267 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 ​ ​ 1 ​ ​ — ​ ​ 23 Other (1) ​ ​ 4,405 ​ ​ 765 ​ ​ 348 ​ ​ 34 ​ ​ 12 ​ ​ 21 ​ ​ 363 ​ ​ 5,948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 2,719,537 ​ $ 1,251,580 ​ $ 674,565 ​ $ 464,065 ​ $ 241,191 ​ $ 497,131 ​ $ 808,923 ​ $ 6,656,992 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 411,973 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 77,746 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 733,193 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,879,904 (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	12 Months Ended
	Dec. 31, 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 declines 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 December 31, 2021. In addition, as of December 31, 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 CECL. 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 December 31, 2021. While the Company believes it has an appropriate allowance for the existing loan portfolio at December 31, 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. ​ 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 December 31, 2021, the Company utilized a single macroeconomic consensus scenario published by Moody’s Analytics in December 2021 that was updated to reflect the U.S. economic outlook. This consensus economic scenario utilizes multiple economic variables in forecasting the economic outlook and is based on Moody’s Analytics’ review of a variety of surveys of baseline forecasts of the U.S. economy. 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 2020, the significant build in the allowance included provision for credit losses on individually evaluated loans of $20.2 million, while the provision for credit losses on expected losses of collectively evaluated loans accounted for $76.1 million of the total provision primarily due to the identified changes in the Bank’s loan portfolio composition and credit quality and 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 change to the reserve due to the impact of COVID-19 reflected economic uncertainty which, along with the expectation of continued higher unemployment and lower GDP, had increased the probability of default and loss given default rates used in our estimate of the lifetime expected credit losses for our loan portfolio. ​ During 2021, the decreases in the allowance reflected 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 $58.3 million. Such reversals were primarily due to improvements in both macroeconomic forecast assumptions and credit quality metrics on COVID-19 impacted industry sector exposures. The net impact to the allowance of changes associated with individually evaluated loans during 2021 included a provision for credit losses of $0.1 million. The change in the allowance for credit losses during 2021 was 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 year. The change in the allowance during 2021 was also impacted by net recoveries of $0.5 million. ​ Changes in the allowance for credit losses for loans held for investments, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2021 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 109,629 ​ $ — ​ $ (50,231) ​ $ (310) ​ $ 266 ​ $ 59,354 Commercial and industrial ​ 27,703 ​ ​ — ​ ​ (6,128) ​ ​ (2,249) ​ ​ 2,656 ​ 21,982 Construction and land development ​ 6,677 ​ ​ — ​ ​ (2,003) ​ ​ — ​ ​ — ​ 4,674 1-4 family residential ​ 3,946 ​ ​ — ​ ​ 409 ​ ​ (312) ​ ​ 546 ​ 4,589 Consumer ​ ​ 876 ​ ​ — ​ ​ (222) ​ ​ (357) ​ ​ 281 ​ ​ 578 Broker-dealer ​ ​ 213 ​ ​ — ​ ​ (38) ​ ​ — ​ ​ — ​ ​ 175 Total ​ $ 149,044 ​ $ — ​ $ (58,213) ​ $ (3,228) ​ $ 3,749 ​ $ 91,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2020 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 31,595 ​ $ 8,073 ​ $ 73,865 ​ $ (4,517) ​ $ 613 ​ $ 109,629 Commercial and industrial ​ 17,964 ​ ​ 3,193 ​ ​ 22,870 ​ ​ (18,158) ​ ​ 1,834 ​ 27,703 Construction and land development ​ 4,878 ​ ​ 577 ​ ​ 1,222 ​ ​ (2) ​ ​ 2 ​ 6,677 1-4 family residential ​ 6,386 ​ ​ (29) ​ ​ (1,717) ​ ​ (748) ​ ​ 54 ​ 3,946 Consumer ​ ​ 265 ​ ​ 748 ​ ​ 86 ​ ​ (615) ​ ​ 392 ​ ​ 876 Broker-dealer ​ ​ 48 ​ ​ — ​ ​ 165 ​ ​ — ​ ​ — ​ ​ 213 Total ​ $ 61,136 ​ $ 12,562 ​ $ 96,491 ​ $ (24,040) ​ $ 2,895 ​ $ 149,044 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2019 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 27,100 ​ $ — ​ $ 5,649 ​ $ (1,160) ​ $ 6 ​ $ 31,595 Commercial and industrial ​ 21,980 ​ — ​ (921) ​ (5,924) ​ 2,829 ​ 17,964 Construction and land development ​ 6,061 ​ — ​ (1,183) ​ — ​ — ​ 4,878 1-4 family residential ​ 3,956 ​ — ​ 3,276 ​ (907) ​ 61 ​ 6,386 Consumer ​ ​ 267 ​ ​ — ​ ​ 459 ​ ​ (498) ​ ​ 37 ​ ​ 265 Broker-dealer ​ ​ 122 ​ ​ — ​ ​ (74) ​ ​ — ​ ​ — ​ ​ 48 Total ​ $ 59,486 ​ $ — ​ $ 7,206 ​ $ (8,489) ​ $ 2,933 ​ $ 61,136 ​ 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 PD grade and LGD 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 2019 Balance, beginning of year ​ $ 8,388 ​ $ 2,075 ​ $ 2,366 Transition adjustment CECL accounting standard ​ ​ — ​ ​ 3,837 ​ ​ — Other noninterest expense ​ ​ (2,508) ​ ​ 2,476 ​ ​ (291) Balance, end of year ​ $ 5,880 ​ $ 8,388 ​ $ 2,075 ​ 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 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 2021, the decrease in the reserve for unfunded commitments was primarily due to improvements in loan expected loss rates.

Cash and Due from Banks

Cash and Due from Banks	12 Months Ended
	Dec. 31, 2021
Cash and Due from Banks
Cash and Due from Banks	8. Cash and Due from Banks ​ Cash and due from banks consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Cash on hand ​ $ 39,981 ​ $ 45,207 Clearings and collection items ​ 52,405 ​ 82,396 Deposits at Federal Reserve Bank ​ 2,692,088 ​ 874,998 Deposits at Federal Home Loan Bank ​ 1,509 ​ 1,607 Deposits in FDIC-insured institutions ​ 37,155 ​ 58,352 ​ ​ $ 2,823,138 ​ $ 1,062,560 ​ ​ The amounts above include interest-bearing deposits of $2.7 billion and $878.0 million at December 31, 2021 and 2020, respectively. Cash on hand and deposits at the Federal Reserve Bank satisfy regulatory reserve requirements at December 31, 2021 and 2020.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
Premises and Equipment
Premises and Equipment	9. Premises and Equipment ​ The components of premises and equipment are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Land and premises ​ $ 122,376 ​ $ 125,701 ​ Furniture and equipment ​ 275,171 ​ 257,810 ​ ​ ​ 397,547 ​ 383,511 ​ Less accumulated depreciation and amortization ​ (193,109) ​ (171,916) ​ ​ ​ $ 204,438 ​ $ 211,595 ​ ​ The amounts shown above include gross assets recorded under finance leases of $7.8 million and $7.8 million, with accumulated amortization of $5.4 million and $4.8 million at December 31, 2021 and 2020, respectively. ​ Occupancy expense was reduced by rental income of $1.7 million, $1.7 million and $2.7 million during 2021, 2020 and 2019, respectively. Depreciation and amortization expense on premises and equipment, which includes amortization of finance leases, amounted to $28.4 million, $27.9 million and $27.3 million during 2021, 2020 and 2019, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	10. Goodwill and Other Intangible Assets ​ At December 31, 2021, the carrying amount of goodwill of $267.4 million was comprised of $39.6 million recorded in connection with the acquisition of The Bank of River Oaks (“BORO”) in an all-cash transaction (“BORO Acquisition”) and $227.8 million recorded in connection with the acquisition of PCC pursuant to a plan of merger whereby PCC merged with and into our wholly owned subsidiary (the “PlainsCapital Merger”). ​ Other intangible assets were $15.3 million and $20.4 million at December 31, 2021 and 2020, respectively. ​ The Company performed required annual impairment tests of its goodwill and other intangible assets having an indefinite useful life as of October 1 st for each of its reporting units. At October 1, 2021, the Company determined that the estimated fair value of each of its reporting units exceeded its carrying value. The Company estimated the fair values of its reporting units based on both a market and income approach using historical, normalized actual and forecasted results. Based on this evaluation, at December 31, 2021, the Company concluded that the goodwill and other identifiable intangible assets were fully realizable. ​ The Company’s evaluation includes multiple assumptions, including estimated discounted cash flows and other estimates that may change over time. If future discounted cash flows become less than those projected by the Company, future impairment charges may become necessary that could have a materially adverse impact on the Company’s results of operations and financial condition. As quoted market prices in active stock markets are relevant evidence of fair value, a significant decline in the Company’s common stock trading price may indicate an impairment of goodwill. ​ Additionally, given the potential impacts as a result of economic uncertainties associated with the pandemic, actual results may differ materially from the Company’s current estimates as the scope of such impacts evolves or if the duration of business disruptions is longer than currently anticipated. While certain valuation assumptions and judgments may change to account for pandemic-related circumstances, the Company does not anticipate significant changes in methodology used to determine the fair value of its goodwill, intangible assets and other long-lived assets. The Company will continue to monitor developments regarding the COVID-19 pandemic and measures implemented in response to the pandemic, market capitalization, overall economic conditions and any other triggering events or circumstances that may indicate an impairment in the future. ​ The carrying value of intangible assets subject to amortization was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2021 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (44,370) ​ $ 4,560 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (8,312) ​ 8,188 ​ Noncompete agreements ​ 4 ​ ​ 4,310 ​ (4,310) ​ — ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (12,764) ​ 2,536 ​ ​ ​ ​ ​ ​ ​ $ 85,040 ​ $ (69,756) ​ $ 15,284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2020 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (40,997) ​ $ 7,933 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (7,563) ​ 8,937 ​ Noncompete agreements ​ 4 ​ ​ 4,310 ​ (4,310) ​ — ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (11,806) ​ 3,494 ​ ​ ​ ​ ​ ​ ​ $ 85,040 ​ $ (64,676) ​ $ 20,364 ​ ​ Amortization expense related to intangible assets during 2021, 2020 and 2019 was $5.1 million, $6.3 million and $7.5 million, respectively. ​ The estimated aggregate future amortization expense for intangible assets at December 31, 2021 is as follows (in thousands). ​ ​ ​ ​ 2022 $ 3,967 2023 2,860 2024 1,826 2025 1,028 2026 959 Thereafter 4,644 ​ $ 15,284 ​

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2021
Mortgage Servicing Rights
Mortgage Servicing Rights	11. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 ​ 2020 ​ 2019 Balance, beginning of year $ 143,742 ​ $ 55,504 ​ $ 66,102 Additions 78,433 ​ 162,914 ​ 13,755 Sales (142,558) ​ (36,750) ​ — Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 30,525 ​ (27,261) ​ (16,054) Due to customer payoffs (23,152) ​ (10,665) ​ (8,299) Balance, end of year $ 86,990 ​ $ 143,742 ​ $ 55,504 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2021 ​ 2020 ​ ​ Mortgage loans serviced for others (2) $ 6,355,927 ​ $ 14,643,623 ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.37 % 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 2021 are MSR asset fair value adjustments totaling $22.8 million, which reflects 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2021 ​ 2020 ​ Weighted average constant prepayment rate 10.02 % ​ 12.15 % Weighted average discount rate 14.32 % ​ 14.60 % Weighted average life (in years) 7.1 ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (2,603) ​ $ (5,639) Impact of 20% adverse change ​ (5,315) ​ (11,164) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (4,070) ​ (6,435) Impact of 20% adverse change ​ (7,753) ​ (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 changes 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 $57.7 million, $35.4 million and $25.3 million during 2021, 2020 and 2019, respectively, were included in net gains from sale of loans and other mortgage production income within the consolidated statements of operations.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits
Deposits	12. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 Noninterest-bearing demand ​ $ 4,577,183 ​ $ 3,612,384 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,270,522 ​ 2,399,341 ​ Brokered - demand ​ 114,393 ​ 282,426 ​ Money market ​ 3,433,341 ​ 2,716,878 ​ Brokered - money market ​ 98,614 ​ 124,243 ​ Savings ​ 345,795 ​ 276,327 ​ Time ​ 962,752 ​ 1,506,435 ​ Brokered - time ​ 15,477 ​ 324,285 ​ ​ ​ $ 12,818,077 ​ $ 11,242,319 ​ ​ At December 31, 2021, remaining maturities of uninsured time deposits greater than $250,000 were $443.3 million. Scheduled maturities of all time deposits at December 31, 2021 are as follows (in thousands). ​ ​ ​ ​ ​ ​ 2022 $ 840,771 ​ 2023 ​ 78,265 ​ 2024 ​ 29,631 ​ 2025 ​ 11,381 ​ 2026 and thereafter ​ 18,181 ​ ​ ​ $ 978,229 ​ ​

Short-term Borrowings

Short-term Borrowings	12 Months Ended
	Dec. 31, 2021
Short-term Borrowings
Short-term Borrowings	13. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Federal funds purchased ​ $ 171,925 ​ $ 180,325 Securities sold under agreements to repurchase ​ 191,547 ​ 237,856 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ 142,000 ​ ​ — Commercial paper ​ 353,972 ​ 277,617 ​ ​ $ 859,444 ​ $ 695,798 ​ Federal Funds Purchased and Securities Sold under Agreements to Repurchase ​ Federal funds purchased and securities sold under agreements to repurchase generally mature one ​ Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 2019 Average balance during the year ​ $ 363,964 ​ $ 509,577 ​ $ 605,858 ​ Average interest rate during the year ​ 0.34 % ​ 0.89 % 2.48 % Maximum month-end balance during the year ​ $ 427,553 ​ $ 714,507 ​ $ 693,750 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ Average interest rate at end of year ​ ​ 0.31 % ​ 0.25 % ​ ​ ​ Securities underlying the agreements at end of year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 191,483 ​ $ 237,913 ​ ​ ​ ​ Estimated fair value ​ $ 205,734 ​ $ 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. At December 31, 2021, the Bank had available collateral of $4.2 billion, substantially all of which was blanket collateral. Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 ​ 2020 ​ 2019 ​ Average balance during the year ​ $ — ​ $ 38,634 ​ $ 329,356 ​ Average interest rate during the year ​ ​ — % ​ 1.63 % ​ 2.16 % Maximum month-end balance during the year ​ $ — ​ $ 150,000 ​ $ 700,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 short-term bank loan borrowings at December 31, 2021 and 2020 was 1.25% and 0.00%, respectively. ​ 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

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2021
Notes Payable
Notes Payable	14. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Senior Notes due April 2025, net of discount of $886 and $1,063, respectively ​ $ 149,114 ​ $ 148,937 Subordinated Notes due May 2030, net of discount of $704 and $793, respectively ​ 49,296 ​ 49,207 Subordinated Notes due May 2035, net of discount of $2,220 and $2,392, respectively ​ 147,780 ​ 147,608 Ventures Management lines of credit ​ ​ 41,714 ​ ​ 36,235 ​ ​ $ 387,904 ​ $ 381,987 ​ Senior Notes ​ On April 9, 2015, Hilltop completed an offering of $150.0 million aggregate principal amount of its 5% senior notes due 2025 (“Senior Unregistered Notes”) in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Senior Unregistered Notes were offered within the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to persons outside of the United States under Regulation S under the Securities Act. The Senior Unregistered Notes were issued pursuant to an indenture, dated as of April 9, 2015, by and between Hilltop and U.S. Bank National Association, as trustee. The net proceeds from the offering, after deducting estimated fees and expenses and the initial purchasers’ discounts, were approximately $148 million. Hilltop used the net proceeds of the offering to redeem all of Hilltop’s outstanding Non-Cumulative Perpetual Preferred Stock, Series B at an aggregate liquidation value of $114.1 million, plus accrued but unpaid dividends of $0.4 million, and Hilltop utilized the remainder for general corporate purposes. Unamortized debt issuance costs presented as a reduction from the Senior Notes are discussed further in Note 1 to the consolidated financial statements. ​ In connection with the issuance of the Senior Unregistered Notes, on April 9, 2015, the Company entered into a registration rights agreement with the initial purchasers of the Senior Unregistered Notes. Under the terms of the registration rights agreement, the Company agreed to offer to exchange the Senior Unregistered Notes for notes registered under the Securities Act (the “Senior Registered Notes”). The terms of the Senior Registered Notes are substantially identical to the Senior Unregistered Notes for which they were exchanged (including principal amount, interest rate, maturity and redemption rights), except that the Senior Registered Notes generally are not subject to transfer restrictions. On May 22, 2015 and subject to the terms and conditions set forth in the Senior Registered Notes prospectus, the Company commenced an offer to exchange the Senior Unregistered Notes for Senior Registered Notes. Substantially all of the Senior Unregistered Notes were tendered in the exchange offer, and on June 22, 2015, the Company fulfilled its requirements under the registration rights agreement for the Senior Unregistered Notes by issuing Senior Registered Notes in exchange for the tendered Senior Unregistered Notes. The Senior Registered Notes and the Senior Unregistered Notes that remain outstanding are collectively referred to as the “Senior Notes.” ​ The Senior Notes bear interest at a rate of 5% per year, payable semi-annually in arrears in cash on April 15 and October 15 of each year. The Senior Notes will mature on April 15, 2025, unless Hilltop redeems the Senior Notes, in whole at any time or in part from time to time, on or after January 15, 2025 (three months prior to the maturity date of the Senior Notes) at its election at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed plus accrued and unpaid interest to, but excluding, the redemption date. ​ The indenture contains covenants that limit the Company’s ability to, among other things and subject to certain significant exceptions: (i) dispose of or issue voting stock of certain of the Company’s bank subsidiaries or subsidiaries that own voting stock of the Company’s bank subsidiaries, (ii) incur or permit to exist any mortgage, pledge, encumbrance or lien or charge on the capital stock of certain of the Company’s bank subsidiaries or subsidiaries that own capital stock of the Company’s bank subsidiaries and (iii) sell all or substantially all of the Company’s assets or merge or consolidate with or into other companies. The indenture also provides for certain events of default, which, if any of them occurs, would permit or require the principal amount, premium, if any, and accrued and unpaid interest on the then outstanding Senior Notes to be declared immediately due and payable. Subordinated Notes ​ On May 7, 2020, Hilltop completed a public offering of $50 million aggregate principal amount of 5.75% fixed-to-floating rate subordinated notes due May 15, 2030 (the “2030 Subordinated Notes”) and $150 million aggregate principal amount of 6.125% fixed-to-floating rate subordinated notes due May 15, 2035 (the “2035 Subordinated Notes”) (collectively, the “Subordinated Notes”). The price for the Subordinated Notes was 100% of the principal amount of the Subordinated Notes. The net proceeds from the offering, after deducting underwriting discounts and fees and expenses of $3.4 million, were $196.6 million. ​ The 2030 Subordinated Notes and the 2035 Subordinated Notes will mature on May 15, 2030 and May 15, 2035, respectively. Hilltop may redeem the Subordinated Notes, in whole or in part, from time to time, subject to obtaining regulatory approval, beginning with the interest payment date of May 15, 2025 for the 2030 Subordinated Notes and beginning with the interest payment date of May 15, 2030 for the 2035 Subordinated Notes, in each case at a redemption price equal to 100% of the principal amount of the Subordinated Notes being redeemed plus accrued and unpaid interest to but excluding the date of redemption. ​ The 2030 Subordinated Notes bear interest at the rate of 5.75% per year, payable semi-annually in arrears commencing on November 15, 2020. The interest rate for the 2030 Subordinated Notes will reset quarterly beginning May 15, 2025 to an interest rate, per year, equal to the then-current benchmark rate, which is expected to be three-month term Secured Overnight Financing Rate ​ Federal Home Loan Bank notes ​ The FHLB notes, as well as other borrowings from the FHLB, are collateralized by FHLB stock, a blanket lien on commercial and real estate loans, as well as by the amount of securities that are in safekeeping at the FHLB. ​ Ventures Management Lines of Credit ​ At December 31, 2021, Ventures Management’s ABAs had combined available lines of credit totaling $145.0 million, $55.0 million of which was with a single unaffiliated bank and $90.0 million of which was with the Bank. At December 31, 2021, Ventures Management had outstanding borrowings of $60.4 million, $18.7 million of which was with the Bank with stated interest rates of the greater of a calculated index rate on mortgage notes or 3.13% to 3.75%. The weighted average interest rate of these lines of credit at December 31, 2021 was 3.32%. The Ventures Management lines of credit are collateralized by mortgage notes, and the loan agreements relating to the lines of credit contain various financial and other covenants which must be maintained until all indebtedness to the financial institution is repaid. ​ Scheduled Maturities ​ Scheduled maturities for notes payable outstanding at December 31, 2021 are as follows (in thousands). ​ ​ ​ ​ 2022 $ 41,714 2023 — 2024 — 2025 150,000 2026 — Thereafter 200,000 ​ $ 391,714 ​

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases
Leases	15 . Leases ​ Hilltop and its subsidiaries lease space, primarily for corporate offices, branch facilities and automated teller machines, under both operating and finance leases. Certain of the Company’s leases have options to extend, with the longest extension option being options ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ ​ 2021 ​ ​ 2020 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,358) ​ ​ (4,768) Premises and equipment, net ​ $ 2,422 ​ $ 3,012 ​ Operating lease rental cost and finance lease amortization of ROU assets is included within occupancy and equipment, net in the consolidated statements of operations. Finance lease interest expense is included within other interest expense in the consolidated statements of operations. The Company does not generally enter into leases which contain variable payments, other than due to the passage of time. The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Operating lease cost ​ $ 38,862 ​ $ 41,903 ​ $ 44,331 Less operating lease and sublease income ​ ​ (1,719) ​ ​ (1,676) ​ ​ (2,657) Net operating lease cost ​ $ 37,143 ​ $ 40,227 ​ $ 41,674 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 590 ​ $ 590 ​ $ 590 Interest on lease liabilities ​ ​ 522 ​ ​ 561 ​ ​ 596 Total finance lease cost ​ $ 1,112 ​ $ 1,151 ​ $ 1,186 ​ Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 37,239 ​ $ 31,850 ​ $ 37,527 Operating cash flows from finance leases ​ ​ 522 ​ ​ 561 ​ ​ 587 Financing cash flows from finance leases ​ ​ 689 ​ ​ 636 ​ ​ 603 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 41,615 ​ $ 11,723 ​ $ 27,055 Finance leases ​ ​ — ​ ​ — ​ ​ — ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 5.9 ​ 3.89 % ​ 5.5 ​ 4.67 % Finance ​ 4.8 ​ 4.84 % ​ 5.6 ​ 4.81 % ​ Future minimum lease payments, under lease agreements as of December 31, 2021, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 26,608 ​ $ 1,241 2023 ​ 30,466 ​ ​ 1,280 2024 ​ 22,245 ​ ​ 1,163 2025 ​ 16,141 ​ ​ 886 2026 ​ 13,056 ​ ​ 813 Thereafter ​ 38,511 ​ ​ 598 Total minimum lease payments ​ 147,027 ​ ​ 5,981 Less amount representing interest ​ (16,067) ​ ​ (1,811) Lease liabilities $ 130,960 ​ $ 4,170 ​ As of December 31, 2021, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.7 million. These operating leases commenced in January 2022 with four year lease terms.

Junior Subordinated Debentures

Junior Subordinated Debentures and Trust Preferred Securities	12 Months Ended
	Dec. 31, 2021
Junior Subordinated Debentures and Trust Preferred Securities
Junior Subordinated Debentures and Trust Preferred Securities	16. Junior Subordinated Debentures and Trust Preferred Securities ​ PCC had four statutory Trusts created for the sole purpose of issuing and selling preferred securities and common securities, using the resulting proceeds to acquire junior subordinated debentures issued by PCC (the “Debentures”). Accordingly, the Debentures were the sole assets of the Trusts, and payments under the Debentures were the sole revenue of the Trusts. All of the common securities are owned by PCC; however, PCC is not the primary beneficiary of the Trusts. Accordingly, the Trusts are not included in the Company’s consolidated financial statements. ​ As previously noted, following receipt of regulatory approval, during June, July and August 2021, PCC submitted to the trustee of each of the Trusts notices to redeem in full outstanding Debentures of $67.0 million issued by PCC, which resulted in the full redemption to the holders of the associated preferred securities and common securities during 2021. ​ The Debentures had an original stated term of 30 years with original maturities ranging from July 2031 to February 2038. The Debentures were callable at PCC’s discretion with a minimum of a 45 60

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Taxes
Income Taxes	17. Income Taxes ​ The significant components of the income tax provision are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 103,396 ​ $ 97,338 ​ $ 58,562 State ​ ​ 21,657 ​ ​ 19,150 ​ ​ 9,215 ​ ​ 125,053 ​ ​ 116,488 ​ 67,777 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ (4,454) ​ $ 13,325 ​ $ (2,690) State ​ ​ (2,623) ​ ​ 3,258 ​ ​ (1,373) ​ ​ (7,077) ​ 16,583 ​ (4,063) ​ ​ $ 117,976 ​ $ 133,071 ​ $ 63,714 ​ The income tax provision differs from the amount that would be computed by applying the statutory federal income tax rate to income before income taxes as a result of the following (in thousands). The applicable corporate federal income tax rates were 21% for all periods presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Computed tax at federal statutory rate ​ $ 105,855 ​ $ 118,629 ​ $ 59,392 ​ Tax effect of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nondeductible expenses ​ ​ 4,057 ​ 2,304 ​ ​ 2,681 ​ State income taxes ​ 15,037 ​ 17,702 ​ ​ 6,195 ​ Tax-exempt income, net ​ (2,347) ​ (1,706) ​ ​ (1,727) ​ Minority interest ​ (2,436) ​ (4,587) ​ ​ (1,614) ​ Other ​ ​ (2,190) ​ 729 ​ ​ (1,213) ​ ​ ​ $ 117,976 ​ $ 133,071 ​ $ 63,714 ​ ​ The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred tax assets: ​ ​ ​ ​ ​ ​ ​ Net operating and built-in loss carryforward ​ $ 3,599 ​ $ 5,736 ​ Purchase accounting adjustment - loans ​ 8,299 ​ ​ 11,814 ​ Allowance for credit losses ​ 21,784 ​ ​ 35,542 ​ Compensation and benefits ​ 26,443 ​ ​ 22,513 ​ Legal and other reserves ​ 9,146 ​ ​ 7,097 ​ Foreclosed property ​ 1,182 ​ ​ 1,913 ​ Operating lease liabilities ​ 32,830 ​ ​ 29,348 ​ Other ​ ​ 6,168 ​ ​ 9,717 ​ ​ ​ 109,451 ​ 123,680 ​ Deferred tax liabilities: ​ ​ ​ ​ ​ ​ ​ Premises and equipment ​ 20,066 ​ ​ 20,076 ​ Intangible assets ​ 3,325 ​ ​ 4,518 ​ Derivatives ​ 6,034 ​ ​ 17,688 ​ Loan servicing ​ 21,279 ​ ​ 34,868 ​ Operating lease ROU assets ​ ​ 28,469 ​ ​ 24,755 ​ Other ​ 123 ​ ​ 8,015 ​ ​ ​ 79,296 ​ 109,920 ​ Net deferred tax asset ​ $ 30,155 ​ $ 13,760 ​ ​ The Company’s effective tax rate was 23.4%, 23.6% and 22.5% during 2021, 2020 and 2019, respectively. The effective tax rates for 2021, 2020 and 2019 approximated statutory rates and included the effect of investments in tax-exempt instruments, offset by nondeductible expenses. ​ At December 31, 2021, the Company had no net operating loss carryforwards for federal income tax purposes. At December 31, 2021, the Company had a recognized built-in loss (“RBIL”) carryover of $13.7 million from the ownership change resulting from the acquisition of SWS Group, Inc. (“SWS Merger”). These RBILs that were recognized during a five year recognition period before January 1, 2020 are subject to an annual Section 382 limitation. The RBILs are expected to be fully realized prior to any expiration. ​ Based on the Company’s evaluation of its deferred tax assets, management determined that no valuation allowance against its gross deferred tax assets was necessary at December 31, 2021 or 2020. ​ GAAP requires the measurement of uncertain tax positions. Uncertain tax positions are the difference between a tax position taken, or expected to be taken, in a tax return and the benefit recognized for accounting purposes. At December 31, 2021 and 2020, the total amount of gross unrecognized tax benefits was $4.9 million and $3.8 million, respectively, of which $3.8 million and ​ The aggregate changes in gross unrecognized tax benefits, which excludes interest and penalties, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year ​ $ 3,778 ​ $ 2,808 ​ $ 3,056 ​ Increases related to tax positions taken during a prior year ​ 603 ​ ​ 327 ​ ​ 317 ​ Decreases related to tax positions taken during a prior year ​ — ​ ​ — ​ ​ (423) ​ Increases related to tax positions taken during the current year ​ ​ 1,249 ​ ​ 1,017 ​ ​ 288 ​ Decreases related to expiration of the statute of limitations ​ ​ (761) ​ ​ (374) ​ ​ (430) ​ Balance, end of year ​ $ 4,869 ​ $ 3,778 ​ $ 2,808 ​ ​ Specific positions that may be resolved include issues involving apportionment and tax credits. At December 31, 2021, the unrecognized tax benefit is a component of taxes receivable, which is included in other assets within the consolidated balance sheet. ​ The Company files income tax returns in U.S. federal and numerous state jurisdictions. The Company is subject to tax examinations in numerous jurisdictions in the United States until the applicable statute of limitations expires. The Company is no longer subject to U.S. federal tax examinations for tax years prior to 2018. The Company is open for various state tax examinations for tax years 2017 and later.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2021
Employee Benefits
Employee Benefits	18. Employee Benefits ​ Hilltop and its subsidiaries have benefit plans that provide for elective deferrals by employees under Section 401(k) of the Internal Revenue Code. Employee contributions are determined by the level of employee participation and related salary levels per Internal Revenue Service regulations. Hilltop and its subsidiaries match a portion of employee contributions based on the amount of eligible employees’ contributions and salaries. The amount charged to operating expense for these matching contributions totaled $18.5 million, $17.7 million and $15.5 million during 2021, 2020 and 2019, respectively. ​ In July 2020, pursuant to stockholders’ approval, the Company adopted the Hilltop Holdings Inc. Employee Stock Purchase Plan (the “ESPP”) to provide a means for eligible employees of the Company to purchase shares of Hilltop common stock at a discounted price by accumulating funds, normally through payroll deductions and is intended to qualify under Section 423 of the Internal Revenue Code. Participating employees may purchase shares of common stock at 90% of the fair market value on the last day of each quarterly offering period. The initial offering period commenced on January 1, 2021. ​ Effective upon the completion of the PlainsCapital Merger, the Company recorded a liability associated with separate retention agreements originally entered into between Hilltop and two executive officers. At both December 31, 2021 and 2020, the recorded liability, including interest, was $2.6 million and related to a single executive officer. ​ The Bank purchased $15.0 million of flexible premium universal life insurance in 2001 to help finance the annual expense incurred in providing various employee benefits. At December 31, 2021 and 2020, the carrying value of the policies included in other assets was $27.4 million and $26.8 million, respectively. During each of 2021, 2020 and 2019, the Bank recorded income of $0.5 million, $0.5 million and $1.0 million, respectively, related to the policies that was reported in other noninterest income within the consolidated statement of operations. ​ Deferred Compensation Plan ​ As a result of the SWS Merger, the Company assumed a deferred compensation plan (the “SWS Plan”) that allows former SWS eligible officers and employees to defer a portion of their bonus compensation and commissions. The SWS Plan matched 15% of the deferrals made by participants up to a predetermined limit through matching contributions that vest ratably over four years. Pursuant to the terms of the SWS Plan, the trustee periodically purchased the former SWS common stock in the open market. As a result of the SWS Merger, the former SWS common shares were converted into Hilltop common stock based on the terms of the merger agreement. No further contributions can be made to this plan. ​ The assets of the SWS Plan are held in a rabbi trust and primarily include investments in company-owned life insurance (“COLI”) and Hilltop common stock. These assets are consolidated with those of the Company. Investments in COLI are carried at the cash surrender value of the insurance policies and recorded in other assets within the consolidated balance sheet at December 31, 2021 and 2020. Investments in Hilltop common stock, which are carried at cost, and the corresponding liability related to the deferred compensation plan are presented as components of stockholders’ equity as employee stock trust and deferred compensation employee stock trust, net, at December 31, 2021 and 2020.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions
Related Party Transactions	19. Related Party Transactions ​ Jeremy B. Ford, a director and the President and Chief Executive Officer of Hilltop, is the beneficiary of a trust that owns a 49% limited partnership interest in Diamond A Financial, L.P., which owned 19.9% of the outstanding Hilltop common stock at December 31, 2021. ​ Jeremy B. Ford is the son of Gerald J. Ford. Corey G. Prestidge, Hilltop’s General Counsel and Secretary, is the son-in-law of Gerald J. Ford. Accordingly, Messrs. Jeremy Ford and Corey Prestidge are brothers-in-law. ​ In the ordinary course of business, the Bank has granted loans to certain directors, executive officers and their affiliates (collectively referred to as related parties) totaling $0.6 million at December 31, 2021 and 2020. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability. For such loans during 2021, there were no principal additions and payments were de minimis. ​ At December 31, 2021 and 2020, the Bank held deposits of related parties of $320.3 million and $154.1 million, respectively. ​ A related party is the lessor in an operating lease with Hilltop. Hilltop’s minimum payment under the lease is $0.5 million annually through 2028, for an aggregate remaining obligation of $3.8 million at December 31, 2021. ​ The Bank purchased loans from a company for which a related party served as a director, president and chief executive officer. At December 31, 2021 and 2020, the outstanding balance of the purchased loans was $0.3 million and $0.5 million, respectively. The loans were purchased with recourse in the ordinary course of business and the related party had no direct financial interest in the transaction. ​ Hilltop Plaza Investment ​ On July 31, 2018, Hillcrest Land LLC purchased approximately 1.7 acres of land in the City of University Park, Texas for $38.5 million. Hillcrest Land LLC is owned equally between Hilltop Investments I, LLC, a wholly owned entity of Hilltop, and Diamond Ground, LLC, an affiliate of Mr. Gerald J. Ford. Each of Hilltop Investments I, LLC and Diamond Ground , LLC contributed $19.3 million to Hillcrest Land LLC to complete the purchase. As the voting rights of Hillcrest Land LLC are shared equally between the Company and Diamond Ground, LLC, there is no primary beneficiary, and Diamond Ground, LLC’s interest in Hillcrest Land LLC has been reflected as a noncontrolling interest in the Company’s consolidated financial statements. Therefore, the Company has consolidated Hillcrest Land LLC under the VIE model according to the “most-closely associated” test. Trusts for which Jeremy Ford and the wife of Corey Prestidge are a beneficiary own 10.2% and 10.1%, respectively, of Diamond Ground, LLC. In connection with the purchase of the land, Hillcrest Land LLC entered into a 99-year ground lease of the land with three tenants-in-common: SPC Park Plaza Partners LLC (“Park Plaza LLC”), an unaffiliated entity which received an undivided 50% leasehold interest; HTH Project LLC, a wholly owned subsidiary of Hilltop, which received an undivided 25% leasehold interest; and Diamond Hillcrest, LLC (“Diamond Hillcrest”), an entity owned by Mr. Gerald J. Ford, which received an undivided 25 % leasehold interest (collectively, the “Co-Owners”). The ground lease was classified as an operating lease under ASC 840, and the accounting commencement date was determined to be July 31, 2018, the date the land was available to the Co-Owners. ​ Concurrent with the ground lease, the Co-Owners entered into an agreement to purchase the improvements of a mixed-use project containing a six-story building (“Hilltop Plaza”). HTH Project LLC and Diamond ​ Hilltop and the Bank entered into leases for a significant portion of the total rentable corporate office space in Hilltop Plaza which serves as the headquarters for both companies. Affiliates of Mr. Gerald J. Ford also entered into leases for office space in the building. The two separate 129 -month office and retail leases of Hilltop and the Bank, respectively, have combined total base rent of approximately $35 million with the first nine months of rent abated. The accounting commencement date of both leases was determined to be June 20, 2019, the date the building was delivered in order for tenant improvement work to commence. The combined operating lease liability, net of lease incentives, recognized during 2019 as a result of the commencement of these leases was $18.9 million. During 2018, the office and retail leases were considered under the build-to-suit provisions of ASC 840, and the Company was determined to be the accounting owner of the project as its affiliate, HTH Project LLC, has an equity investment in the project. At December 31, 2018, the $27.8 million of costs incurred to date were included within premises and equipment and other liabilities, respectively, in the consolidated balance sheets. The Company reassessed its accounting ownership of the Hilltop Plaza assets under construction as of January 1, 2019, under the build-to-suit provisions of the newly adopted ASC 842, Leases ​ All intercompany transactions associated with the Hilltop Plaza investment and the related transactions discussed above are eliminated in consolidation.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies
Commitments and Contingencies	20. Commitments and Contingencies ​ During 2021, the Bank acted as agent on behalf of certain correspondent banks in the purchase and sale of federal funds. At December 31, 2021, the Bank did not have any federal funds sold acting as an agent, while there was an aggregate of $2.5 million at December 31, 2020. ​ 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 December 31, 2021 and 2020, the mortgage origination segment’s indemnification liability reserve totaled $27.4 million and $21.5 million, respectively. The provision for indemnification losses was $10.0 million, $11.2 million, and $3.1 million during 2021, 2020, and 2019, 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 ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year $ 30,085 ​ $ 32,144 ​ $ 33,784 ​ Claims made 26,290 ​ 17,429 ​ 20,054 ​ Claims resolved with no payment (11,690) ​ (7,778) ​ (14,154) ​ Repurchases (11,934) ​ (11,588) ​ (6,170) ​ Indemnification payments (1,344) ​ (122) ​ (1,370) ​ Balance, end of year $ 31,407 ​ $ 30,085 ​ $ 32,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year $ 21,531 ​ $ 11,776 ​ $ 10,701 ​ Additions for new sales 10,966 ​ 9,991 ​ 3,116 ​ Repurchases (3,559) ​ (768) ​ (495) ​ Early payment defaults (189) ​ (624) ​ (380) ​ Indemnification payments (366) ​ (39) ​ (352) ​ Change in reserves for loans sold in prior years (959) ​ 1,195 ​ (814) ​ Balance, end of year $ 27,424 ​ $ 21,531 ​ $ 11,776 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims $ 345 ​ $ 961 ​ ​ ​ ​ Incurred but not reported claims 27,079 ​ ​ 20,570 ​ ​ ​ ​ Total $ 27,424 ​ $ 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. ​ Other Contingencies ​ As discussed in Note 18 to the consolidated financial statements, effective upon completion of the PlainsCapital Merger, Hilltop entered into separate retention agreements with certain executive officers. As of December 31, 2021, a single retention agreement remains, with an initial term of two years (with automatic one-year renewals at the end of the first year and each anniversary thereof). This retention agreement provides for severance pay benefits if the executive officer’s employment is terminated without “cause”. ​ In addition to this retention agreement, Hilltop and its subsidiaries maintain employment contracts with certain officers that provide for benefits in the event of a “change in control” as defined in these agreements.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2021
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	21. 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 $2.2 billion at December 31, 2021 and outstanding financial and performance standby letters of credit of $96.3 million at December 31, 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	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation
Stock-Based Compensation	22. 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.” The Equity Plans provide for the grant of nonqualified stock options, stock appreciation rights, restricted stock, RSUs, performance awards, dividend equivalent rights and other awards to employees of the Company, its subsidiaries and outside directors of the Company. Shares available for grant under the 2012 Plan that were reserved but not issued as of the effective date of the 2020 Plan were added to the reserves of the 2020 Plan. No additional awards may be made under the 2012 Plan, but the 2012 Plan remains in effect as to outstanding awards. Outstanding awards under the Equity Plans continue to be subject to the terms and conditions of the respective Plans. The number of shares authorized for issuance pursuant to awards under the 2020 Plan is 3,650,000 plus any shares that become available upon the forfeiture, expiration, cancellation or settlement in cash awards outstanding under the 2012 Plan as of April 30, 2020. At December 31, 2021, 2,900,286 shares of common stock remained available for issuance pursuant to awards granted under the 2020 Plan, excluding shares that may be delivered pursuant to outstanding awards. Compensation expense related to the Equity Plans was $17.5 million, $14.6 million and $11.8 million during 2021, 2020 and 2019, respectively. ​ During 2021, 2020 and 2019, Hilltop granted 17,330, 31,222 and 26,659 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 Compensation Committee of the board of directors of the Company issued RSUs to certain employees pursuant to the Equity Plans. ​ Certain RSUs are subject to time-based vesting conditions and generally provided for a cliff vest on the third anniversary of the grant date, while other RSUs provided for vesting based upon the achievement of certain performance goals over a three-year period subject to service conditions set forth in the award agreements, with associated costs generally recognized on a straight-line basis over the respective vesting periods. The RSUs are not transferable, and the shares of common stock issuable upon conversion of vested RSUs may be subject to transfer restrictions for a period of one year following conversion, subject to certain exceptions. In addition, the applicable RSU award agreements provide for accelerated vesting under certain conditions. ​ The following table summarizes information about nonvested RSU activity (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 719 ​ $ 20.02 ​ Vested/Released ​ (496) ​ $ 18.17 ​ Forfeited ​ (56) ​ $ 24.12 Balance, December 31, 2019 ​ 1,437 ​ $ 22.64 ​ Granted ​ 777 ​ $ 21.79 ​ Vested/Released ​ (350) ​ $ 26.83 ​ Forfeited ​ (31) ​ $ 22.38 Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (475) ​ $ 27.63 ​ Forfeited ​ (21) ​ $ 23.29 Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Vested/Released RSUs include an aggregate of 238,414 shares withheld to satisfy employee statutory tax obligations during 2021, 2020 and 2019. ​ During 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. At December 31, 2021, 316,492 of these RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 150,668 of these outstanding RSUs will cliff vest ​ At December 31, 2021, in the aggregate, 1,504,910 of the 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

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2021
Regulatory Matters
Regulatory Matters	23. 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 December 31, 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 ​ ​ December 31, 2021 ​ December 31, 2020 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,469,695 10.20 % $ 1,385,842 10.44 % 4.0 % 5.0 % Hilltop ​ 2,262,356 12.58 % 2,111,580 12.64 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,469,695 16.00 % ​ 1,385,842 14.40 % 7.0 % 6.5 % Hilltop ​ ​ 2,262,356 21.22 % ​ 2,046,580 18.97 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,469,695 16.00 % 1,385,842 14.40 % 8.5 % 8.0 % Hilltop ​ 2,262,356 21.22 % 2,111,580 19.57 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,540,100 16.77 % 1,470,364 15.27 % 10.5 % 10.0 % Hilltop ​ 2,532,008 23.75 % 2,409,684 22.34 % 10.5 % N/A ​ ​ A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ PlainsCapital Hilltop PlainsCapital Hilltop Total equity capital ​ $ 1,721,780 ​ $ 2,522,668 ​ $ 1,654,249 ​ $ 2,323,939 ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net unrealized holding losses (gains) on securities available for sale and held in trust ​ 10,219 ​ 10,219 ​ (17,763) ​ (17,763) ​ CECL transition adjustment ​ ​ 7,864 ​ ​ 8,792 ​ ​ 22,905 ​ ​ 23,842 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill and other disallowed intangible assets ​ ​ (270,168) ​ (279,323) ​ (273,330) ​ (283,187) ​ Other ​ ​ — ​ — ​ (219) ​ (251) ​ Common equity Tier 1 capital (as defined) ​ ​ 1,469,695 ​ 2,262,356 ​ 1,385,842 ​ ​ 2,046,580 ​ Add: Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trust preferred securities ​ ​ — ​ — ​ — ​ 65,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 1 capital deductions ​ — ​ — ​ — ​ — ​ Tier 1 capital (as defined) ​ 1,469,695 ​ 2,262,356 ​ 1,385,842 ​ 2,111,580 ​ Add: Allowable Tier 2 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses, including unfunded commitments ​ 91,177 ​ 91,352 ​ 120,334 ​ 134,853 ​ Capital instruments ​ ​ — ​ 200,000 ​ — ​ 200,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 2 capital deductions ​ ​ (20,772) ​ (21,700) ​ (35,812) ​ (36,749) ​ Total capital (as defined) ​ $ 1,540,100 ​ $ 2,532,008 ​ $ 1,470,364 ​ $ 2,409,684 ​ ​ 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 $1,000,000 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 December 31, 2021, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 201,734 ​ $ 3,781 ​ Less: required net capital ​ ​ 11,620 ​ ​ 255 ​ Excess net capital ​ $ 190,114 ​ $ 3,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 34.7 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 172,684 ​ ​ ​ ​ ​ 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 December 31, 2021 and 2020, the Hilltop Broker-Dealers held cash of $221.7 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 or securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at December 31, 2021. ​ 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 December 31, 2021, PrimeLending and its subsidiaries net worth and liquidity exceeded the amounts required by HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity
Stockholders' Equity	24. Stockholders’ Equity ​ The Bank is subject to certain restrictions on the amount of dividends it may declare without prior regulatory approval. At December 31, 2021, $257.2 million of its earnings was available for dividend declaration without prior regulatory approval. ​ Dividends ​ During 2021, 2020 and 2019, the Company declared and paid cash dividends of $0.48, $0.36 and $0.32 per common share, or $39.0 million, $32.5 million and $29.6 million, respectively. ​ On January 27, 2022, the Company announced that its board of directors declared a quarterly cash dividend of $0.15 per common share, payable on February 28, 2022, to all common stockholders of record as of the close of business on February 15, 2022. ​ Stock Repurchase Programs ​ The Company’s board of directors has periodically approved stock repurchase programs under which it authorized the Company to repurchase its outstanding common stock. Under the respective stock repurchase program authorized, the Company could repurchase shares in open-market purchases or through privately negotiated transactions as permitted under Rule 10b-18 promulgated under the Exchange Act. The extent to which the Company repurchased its shares and the timing of such repurchases depended upon market conditions and other corporate considerations, as determined by Hilltop’s management team. Repurchased shares will be returned to the Company’s pool of authorized but unissued shares of common stock. ​ In January 2019, the Hilltop board of directors authorized a stock repurchase program through January 2020, pursuant to which the Company was authorized to repurchase, in the aggregate, up to $50.0 million of its outstanding common stock. On August 19, 2019, the Company entered into a Securities Purchase Agreement to purchase 2,175,404 shares of its common stock from Oak Hill Capital Partners III, L.P., Oak Hill Capital Management Partners III, L.P. and Oak Hill Capital Management, LLC (collectively, “Oak Hill Capital”). The Hilltop board of directors, other than Messrs. J. Taylor Crandall and Gerald J. Ford, considered and approved the purchase of the shares of Hilltop common stock from Oak Hill Capital. Hilltop director J. Taylor Crandall is a founding Managing Partner of Oak Hill Capital Management, LLC. The purchase was consummated on August 20, 2019 at a purchase price of $48.4 million, or $22.25 per share. The purchase price per share was determined by the weighted average of the closing prices of Hilltop common stock as reported by the New York Stock Exchange for each trading day commencing on August 12, 2019 and ending on August 16, 2019. The repurchase of shares by Hilltop from Oak Hill Capital fully utilized all remaining availability of the stock repurchase program previously authorized in January 2019. ​ During 2019, the Company paid $73.4 million to repurchase an aggregate of 3,390,247 shares of common stock at an average price of $21.64 per share. These amounts are inclusive of the repurchase of shares by Hilltop from Oak Hill Capital discussed above. This stock repurchase program expired in January 2020. The purchases were funded from available cash balances. ​ In January 2020, the Hilltop board of directors authorized a new stock repurchase program through January 2021, pursuant to which the Company is authorized to repurchase, in the aggregate, up to $75.0 million of its outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. As previously announced on April 30, 2020, in light of the uncertain outlook for 2020 due to the COVID-19 pandemic, Hilltop’s board of directors suspended its stock repurchase program. During 2020, prior to its suspension, the Company paid $15.2 million to repurchase an aggregate of 720,901 shares of common stock at an average price of $21.13 per share associated with the stock repurchase program. ​ 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 an increase to the aggregate amount of common stock the Company may repurchase under this program by $75.0 million to $150.0 million. Then, in October 2021, the Hilltop board of directors authorized an increase to the aggregate amount of common stock the Company may repurchase under this program by $50.0 million to $200.0 million, which is inclusive of repurchases to offset dilution related to grants of stock-based compensation. During 2021, the Company paid $123.6 million to repurchase an aggregate of 3,632,482 shares of common stock at an average price of $34.01 per share. ​ In January 2022, the Hilltop board of directors authorized a new stock repurchase program through January 2023, pursuant to which the Company is authorized to repurchase, in the aggregate, up to $100.0 million of its outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. ​ Tender Offer ​ On September 23, 2020, the Company announced the commencement of a modified “Dutch auction” tender offer to purchase shares of its common stock for an aggregate cash purchase price up to $350 million. On November 17, 2020, the Company completed its tender offer, repurchasing 8,058,947 shares of outstanding common stock at a price of $24.00 per share for a total of $193.4 million excluding fees and expenses. The Company funded the tender offer with cash on hand.

Other Noninterest Income and Ex

Other Noninterest Income and Expense	12 Months Ended
	Dec. 31, 2021
Other Noninterest Income and Expense
Other Noninterest Income and Expense	25. Other Noninterest Income and Expense ​ The following table shows the components of other noninterest income and expense (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Other noninterest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gains from Hilltop Broker-Dealer structured product and derivative activities ​ $ 48,816 ​ $ 81,111 ​ $ 129,571 Net gain from trading securities portfolio ​ 26,353 ​ 121,983 ​ 20,521 Service charges on depositor accounts ​ 18,081 ​ 14,845 ​ ​ 15,170 Trust fees ​ ​ 10,998 ​ ​ 9,804 ​ ​ 10,255 Other ​ 23,786 ​ 15,862 ​ 10,833 ​ ​ $ 128,034 ​ $ 243,605 ​ $ 186,350 Other noninterest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Software and information technology ​ $ 68,105 ​ $ 56,872 ​ $ 50,751 Mortgage origination and servicing ​ ​ 35,421 ​ ​ 27,808 ​ ​ 19,892 Brokerage commissions and fees ​ ​ 25,826 ​ ​ 24,113 ​ ​ 20,039 Unreimbursed loan closing costs ​ ​ 20,458 ​ ​ 21,696 ​ ​ 16,784 Business development ​ 11,998 ​ 10,190 ​ 12,940 Travel, meals and entertainment ​ 7,646 ​ 4,804 ​ 12,160 Amortization of intangible assets ​ 5,081 ​ 6,301 ​ 7,567 Funding fees ​ 4,768 ​ 4,461 ​ 5,393 Office supplies ​ 3,469 ​ 3,953 ​ 4,809 Other ​ ​ 42,519 ​ ​ 64,560 ​ ​ 43,051 ​ ​ $ 225,291 ​ $ 224,758 ​ $ 193,386 ​

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Financial Instruments
Derivative Financial Instruments	26. 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, credit default swaps 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 11 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 2020 ​ 2019 Increase (decrease) in fair value of derivatives during year: ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (22,170) ​ $ 33,714 ​ $ 8,550 Hilltop Broker-Dealers ​ ​ (19,884) ​ ​ 3,969 ​ ​ (3,085) Bank ​ ​ 43 ​ ​ (7) ​ ​ (148) ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,283,152 ​ $ 25,489 ​ $ 2,470,013 ​ $ 76,048 Commitments to purchase MBSs ​ 1,575,264 ​ (674) ​ 2,478,041 ​ 22,311 Commitments to sell MBSs ​ ​ 3,314,173 ​ (355) ​ 6,141,079 ​ (40,621) Interest rate swaps ​ ​ 68,413 ​ (1,949) ​ 43,786 ​ (2,196) U.S. Treasury bond futures and options (1) ​ ​ 247,800 ​ — ​ 225,400 ​ — Eurodollar and other futures (1) ​ ​ 2,061,800 ​ — ​ — ​ — Credit default swaps ​ ​ 7,000 ​ (15) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 190,000 ​ $ 603 ​ $ 105,000 ​ $ (3,112) Interest rate swaps designated as fair value hedges (2) ​ ​ 221,232 ​ ​ 3,207 ​ ​ 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 $221.2 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 $218.0 million and $60.7 million as of December 31, 2021 and 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 $3.2 million and $0.1 million as of December 31, 2021 and 2020, respectively. ​ PrimeLending had advanced cash collateral totaling $3.7 million and $26.1 million to offset net liability positions on its commitments to sell MBSs at December 31, 2021 and 2020, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $4.2 million and $2.7 million on various derivative instruments at December 31, 2021 and 2020, respectively. The advanced cash collateral amounts are included in other assets within the consolidated balance sheets.

Balance Sheet Offsetting

Balance Sheet Offsetting	12 Months Ended
	Dec. 31, 2021
Balance Sheet Offsetting
Balance Sheet Offsetting	27. Balance Sheet Offsetting ​ Certain financial instruments, including resale and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Assets ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Assets ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,518,372 ​ $ — ​ $ 1,518,372 ​ $ (1,445,590) ​ $ — ​ $ 72,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 118,262 ​ ​ — ​ ​ 118,262 ​ ​ (118,262) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,955 ​ (1,773) ​ 1,182 ​ (744) ​ — ​ 438 ​ ​ $ 1,639,589 ​ $ (1,773) ​ $ 1,637,816 ​ $ (1,564,596) ​ $ — ​ $ 73,220 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 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,432,196 ​ $ — ​ $ 1,432,196 ​ $ (1,359,850) ​ $ — ​ $ 72,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,949 ​ — ​ 1,949 ​ (1,919) ​ — ​ 30 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 15 ​ — ​ 15 ​ (15) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 191,483 ​ — ​ 191,483 ​ (205,734) ​ — ​ (14,251) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,211 ​ — ​ 2,211 ​ (2,211) ​ — ​ — ​ ​ $ 1,627,854 ​ $ — ​ $ 1,627,854 ​ $ (1,569,729) ​ $ — ​ $ 58,125 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 December 31, 2021 and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2021 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 93,651 ​ ​ — ​ ​ 86,357 ​ ​ 11,475 ​ ​ 191,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,432,083 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,432,083 Total ​ $ 1,525,847 ​ $ — ​ $ 86,357 ​ $ 11,475 ​ $ 1,623,679 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,623,679 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	12 Months Ended
	Dec. 31, 2021
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	28. Broker-Dealer and Clearing Organization Receivables and Payables ​ Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,518,372 ​ $ 1,338,855 Securities failed to deliver ​ 5,664 ​ 58,244 Trades in process of settlement ​ 144,773 ​ — Other ​ 4,137 ​ 7,628 ​ ​ $ 1,672,946 ​ $ 1,404,727 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,432,196 ​ $ 1,245,066 Correspondents ​ 20,571 ​ 33,547 Securities failed to receive ​ 18,808 ​ 61,589 Trades in process of settlement ​ ​ — ​ ​ 21,765 Other ​ 5,725 ​ 6,406 ​ ​ $ 1,477,300 ​ $ 1,368,373 ​

Segment and Related Information

Segment and Related Information	12 Months Ended
	Dec. 31, 2021
Segment and Related Information
Segment and Related Information	29. Segment and Related Information ​ Following the sale of NLC on June 30, 2020, the Company has two primary business units within continuing operations, PCC (banking and mortgage origination) and Securities Holdings (broker-dealer). Under GAAP, the Company’s 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 have been presented as discontinued operations in the consolidated financial statements. There was no income from discontinued operations before taxes during 2021, while income from discontinued operations before taxes was $38.9 million and $17.6 million during 2020 and 2019, respectively. ​ 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 Year Ended December 31, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 406,524 ​ $ 43,296 ​ $ (20,400) ​ $ (17,239) ​ $ 10,801 ​ $ 422,982 Provision for (reversal of) credit losses ​ ​ (58,175) ​ ​ (38) ​ ​ — ​ ​ — ​ ​ — ​ ​ (58,213) Noninterest income ​ ​ 45,113 ​ ​ 381,125 ​ ​ 986,990 ​ ​ 9,133 ​ ​ (12,086) ​ ​ 1,410,275 Noninterest expense ​ 226,915 ​ 380,798 ​ 731,056 ​ 50,507 ​ (1,878) ​ 1,387,398 Income (loss) from continuing operations before taxes ​ $ 282,897 ​ $ 43,661 ​ $ 235,534 ​ $ (58,613) ​ $ 593 ​ $ 504,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Year Ended December 31, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 390,871 ​ $ 39,912 ​ $ (10,489) ​ $ (14,192) ​ $ 18,064 ​ $ 424,166 Provision for (reversal of) credit losses ​ 96,326 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ — ​ 96,491 Noninterest income ​ 41,376 ​ ​ 491,355 ​ ​ 1,172,450 ​ ​ 3,945 ​ ​ (18,646) ​ 1,690,480 Noninterest expense ​ 232,447 ​ 415,463 ​ 753,917 ​ ​ 53,040 ​ ​ (1,064) ​ 1,453,803 Income (loss) from continuing operations before taxes ​ $ 103,474 ​ $ 115,639 ​ $ 408,044 ​ $ (63,287) ​ $ 482 ​ $ 564,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Year Ended December 31, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 379,258 ​ $ 51,308 ​ $ (6,273) ​ $ (5,541) ​ $ 20,227 ​ $ 438,979 Provision for (reversal of) credit losses ​ 7,280 ​ ​ (74) ​ ​ — ​ ​ — ​ ​ — ​ 7,206 Noninterest income ​ 41,753 ​ ​ 404,411 ​ ​ 634,992 ​ ​ 2,104 ​ ​ (20,443) ​ 1,062,817 Noninterest expense ​ 231,524 ​ 366,031 ​ 563,998 ​ ​ 50,968 ​ ​ (632) ​ 1,211,889 Income (loss) from continuing operations before taxes ​ $ 182,207 ​ $ 89,762 ​ $ 64,721 ​ $ (54,405) ​ $ 416 ​ $ 282,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 14,944,249 ​ $ 3,673,346 ​ $ 2,207,822 ​ $ 2,940,670 ​ $ (5,077,007) ​ $ 18,689,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	12 Months Ended
	Dec. 31, 2021
Earnings per Common Share
Earnings per Common Share	30. Earnings per Common Share ​ The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 374,495 ​ $ 409,440 ​ $ 211,301 Income from discontinued operations ​ ​ — ​ ​ 38,396 ​ ​ 13,990 Income attributable to Hilltop ​ $ 374,495 ​ $ 447,836 ​ $ 225,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 80,708 ​ 89,280 ​ 92,345 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 4.64 ​ $ 4.59 ​ $ 2.29 Income from discontinued operations ​ ​ — ​ ​ 0.43 ​ ​ 0.15 ​ ​ $ 4.64 ​ $ 5.02 ​ $ 2.44 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 374,495 ​ $ 409,440 ​ $ 211,301 Income from discontinued operations ​ ​ — ​ ​ 38,396 ​ ​ 13,990 Income attributable to Hilltop ​ $ 374,495 ​ $ 447,836 ​ $ 225,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 80,708 ​ 89,280 ​ 92,345 Effect of potentially dilutive securities ​ 465 ​ 24 ​ 49 Weighted average shares outstanding - diluted ​ 81,173 ​ 89,304 ​ 92,394 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 4.61 ​ $ 4.58 ​ $ 2.29 Income from discontinued operations ​ ​ — ​ ​ 0.43 ​ ​ 0.15 ​ ​ $ 4.61 ​ $ 5.01 ​ $ 2.44 ​

Financial Statements of Parent

Financial Statements of Parent	12 Months Ended
	Dec. 31, 2021
Financial Statements of Parent
Financial Statements of Parent	31. Financial Statements of Parent ​ The following tables present the condensed combined financial statements of the Company’s bank holding company entities, Hilltop and PCC. The tables also include the corporate activities associated with Hilltop Opportunity Partners LLC and the Hilltop Plaza Entities (in thousands). Investments in subsidiaries are determined using the equity method of accounting. ​ Condensed Combined Statements of Operations and Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 2020 2019 Dividends from bank subsidiaries ​ $ 295,000 ​ $ 249,771 ​ $ 143,000 ​ Dividends from nonbank subsidiaries ​ ​ 81,675 ​ ​ 56,150 ​ ​ 36,950 ​ Investment income ​ ​ 4,322 ​ ​ 4,102 ​ ​ 5,933 ​ Interest expense ​ ​ 21,561 ​ ​ 18,294 ​ ​ 11,474 ​ Other income ​ ​ 9,070 ​ ​ 45,887 ​ ​ 2,221 ​ General and administrative expense ​ 50,507 ​ 58,130 ​ 50,968 ​ Income before income taxes and equity in undistributed earnings of subsidiaries activity ​ 317,999 ​ ​ 279,486 ​ 125,662 ​ Income tax benefit ​ (14,065) ​ (13,897) ​ (12,706) ​ Equity in undistributed earnings of subsidiaries ​ 54,032 ​ 176,294 ​ 94,609 ​ Net income ​ $ 386,096 ​ $ 469,677 ​ $ 232,977 ​ Other comprehensive income (loss), net ​ ​ (27,982) ​ ​ 6,344 ​ ​ 20,046 ​ Comprehensive income ​ $ 358,114 ​ $ 476,021 ​ $ 253,023 ​ ​ Condensed Combined Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 2019 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 531,260 ​ $ 478,826 ​ $ 116,471 Investment in subsidiaries: ​ ​ ​ ​ ​ ​ ​ ​ Bank subsidiaries ​ ​ 1,721,780 ​ 1,654,249 ​ 1,523,549 Nonbank subsidiaries ​ ​ 409,835 ​ 453,847 ​ 533,844 Other assets ​ 277,795 ​ 236,452 ​ 219,740 Total assets ​ $ 2,940,670 ​ $ 2,823,374 ​ $ 2,393,604 Liabilities and Stockholders’ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses ​ $ 25,762 ​ $ 64,635 ​ $ 53,418 Notes payable ​ 369,618 ​ 412,764 ​ 215,780 Stockholders’ equity ​ 2,545,290 ​ 2,345,975 ​ 2,124,406 Total liabilities and stockholders’ equity ​ $ 2,940,670 ​ $ 2,823,374 ​ $ 2,393,604 ​ Condensed Combined Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Operating Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 386,096 ​ $ 469,677 ​ $ 232,977 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ (54,032) ​ (176,294) ​ (94,609) Net realized gains on equity investments ​ (926) ​ — ​ — Net realized gains on disposal of discontinued operations ​ ​ — ​ (41,901) ​ ​ — Deferred income taxes ​ (3,049) ​ 4,432 ​ (123) Other, net ​ 14,725 ​ 37,465 ​ 44,943 Net cash provided by operating activities ​ 342,814 ​ 293,379 ​ 183,188 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Advancement to nonbank subsidiaries ​ ​ (75,000) ​ ​ — ​ ​ — Repayment of advances to/investments in nonbank subsidiaries ​ ​ 5,762 ​ ​ — ​ ​ — Purchases of equity investments ​ ​ — ​ (29,365) ​ — Purchases of premises and equipment and other ​ (2,154) ​ (12,547) ​ (17,302) Proceeds from sales of equity investments ​ ​ 12,292 ​ ​ — ​ ​ — Proceeds from sale of discontinued operations ​ ​ — ​ ​ 154,963 ​ ​ — Net cash provided by (used in) investing activities ​ (59,100) ​ 113,051 ​ (17,302) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Payments to repurchase common stock ​ ​ (123,631) ​ ​ (208,664) ​ ​ (73,385) Proceeds from issuance of notes payable ​ ​ — ​ ​ 196,657 ​ ​ — Payments on junior subordinated debentures ​ ​ (67,012) ​ ​ — ​ ​ — Dividends paid on common stock ​ ​ (38,978) ​ ​ (32,524) ​ ​ (29,627) Net cash contributed from (to) noncontrolling interest ​ ​ (909) ​ ​ 825 ​ ​ 100 Other, net ​ ​ (750) ​ ​ (369) ​ ​ (908) Net cash used in financing activities ​ (231,280) ​ (44,075) ​ (103,820) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ​ 52,434 ​ 362,355 ​ 62,066 Cash and cash equivalents, beginning of year ​ 478,826 ​ 116,471 ​ ​ 54,405 Cash and cash equivalents, end of year ​ $ 531,260 ​ $ 478,826 ​ $ 116,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selected Quarterly Financial In

Selected Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2021
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited)	32 Selected Quarterly Financial Information (Unaudited) ​ Selected quarterly financial information is summarized as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 123,054 ​ $ 125,178 ​ $ 134,818 ​ $ 146,923 ​ $ 529,973 Interest expense ​ 18,760 ​ 20,088 ​ 26,902 ​ 41,241 ​ 106,991 Net interest income ​ 104,294 ​ 105,090 ​ 107,916 ​ 105,682 ​ 422,982 Provision for (reversal of) credit losses ​ (18,565) ​ (5,819) ​ (28,720) ​ (5,109) ​ (58,213) Noninterest income ​ 284,846 ​ 367,945 ​ 339,899 ​ 417,585 ​ 1,410,275 Noninterest expense ​ 322,194 ​ 355,174 ​ 343,368 ​ 366,662 ​ 1,387,398 Income from continuing operations before income taxes ​ 85,511 ​ 123,680 ​ 133,167 ​ 161,714 ​ 504,072 Income tax expense ​ 20,715 ​ 28,257 ​ 31,234 ​ 37,770 ​ 117,976 Income from continuing operations ​ ​ 64,796 ​ ​ 95,423 ​ ​ 101,933 ​ ​ 123,944 ​ ​ 386,096 Income from discontinued operations, net of income taxes ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Net income ​ 64,796 ​ 95,423 ​ 101,933 ​ 123,944 ​ 386,096 Less: Net income attributable to noncontrolling interest ​ 2,612 ​ 2,517 ​ 2,873 ​ 3,599 ​ 11,601 Income attributable to Hilltop ​ $ 62,184 ​ $ 92,906 ​ $ 99,060 ​ $ 120,345 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 0.79 ​ $ 1.16 ​ $ 1.21 ​ $ 1.46 ​ $ 4.64 Earnings from discontinued operations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 0.79 ​ $ 1.16 ​ $ 1.21 ​ $ 1.46 ​ $ 4.64 Diluted: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 0.78 ​ $ 1.15 ​ $ 1.21 ​ $ 1.46 ​ $ 4.61 Earnings from discontinued operations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 0.78 ​ $ 1.15 ​ $ 1.21 ​ $ 1.46 ​ $ 4.61 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.12 ​ $ 0.12 ​ $ 0.12 ​ $ 0.12 ​ $ 0.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 136,861 ​ $ 129,828 ​ $ 134,931 ​ $ 144,875 ​ $ 546,495 Interest expense ​ 29,489 ​ 27,928 ​ 30,373 ​ 34,539 ​ 122,329 Net interest income ​ 107,372 ​ 101,900 ​ 104,558 ​ 110,336 ​ 424,166 Provision for (reversal of) credit losses ​ (3,482) ​ (602) ​ 66,026 ​ 34,549 ​ 96,491 Noninterest income ​ 447,931 ​ 502,711 ​ 468,125 ​ 271,713 ​ 1,690,480 Noninterest expense ​ 402,348 ​ 399,345 ​ 370,209 ​ 281,901 ​ 1,453,803 Income from continuing operations before income taxes ​ 156,437 ​ 205,868 ​ 136,448 ​ 65,599 ​ 564,352 Income tax expense ​ 39,295 ​ 46,820 ​ 31,808 ​ 15,148 ​ 133,071 Income from continuing operations ​ ​ 117,142 ​ ​ 159,048 ​ ​ 104,640 ​ ​ 50,451 ​ ​ 431,281 Income from discontinued operations, net of income taxes ​ ​ 3,734 ​ ​ 736 ​ ​ 30,775 ​ ​ 3,151 ​ ​ 38,396 Net income ​ 120,876 ​ 159,784 ​ 135,415 ​ 53,602 ​ 469,677 Less: Net income attributable to noncontrolling interest ​ 4,431 ​ 6,505 ​ 6,939 ​ 3,966 ​ 21,841 Income attributable to Hilltop ​ $ 116,445 ​ $ 153,279 ​ $ 128,476 ​ $ 49,636 ​ $ 447,836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 1.31 ​ $ 1.69 ​ $ 1.08 ​ $ 0.51 ​ $ 4.59 Earnings from discontinued operations ​ ​ 0.04 ​ ​ 0.01 ​ ​ 0.34 ​ ​ 0.04 ​ ​ 0.43 ​ ​ $ 1.35 ​ $ 1.70 ​ $ 1.42 ​ $ 0.55 ​ $ 5.02 Diluted: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 1.30 ​ $ 1.69 ​ $ 1.08 ​ $ 0.51 ​ $ 4.58 Earnings from discontinued operations ​ ​ 0.05 ​ ​ 0.01 ​ ​ 0.34 ​ ​ 0.04 ​ ​ 0.43 ​ ​ $ 1.35 ​ $ 1.70 ​ $ 1.42 ​ $ 0.55 ​ $ 5.01 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.09 ​ $ 0.09 ​ $ 0.09 ​ $ 0.09 ​ $ 0.36 ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	12 Months Ended
	Dec. 31, 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 and its assets and liabilities 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 audited 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”). Other than changes related to the implementation of the current expected credit losses (“CECL”) standard as of January 1, 2020, 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 owned 100% of the outstanding common securities of PCC Statutory Trusts I, II, III and IV (the “Trusts”), which were 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. As discussed in more detail within Note 16 to the consolidated financial statements, PCC fully redeemed all outstanding securities held by the Trusts during the third quarter of 2021. ​ 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., formerly Hilltop Securities 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 Securities and Exchange Commission (“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 Investments I, LLC ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation, including reclassifications due to the adoption of new accounting pronouncements and reclassifications due to the presentation of NLC’s results and its assets and liabilities as discontinued operations. 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.
Use of Estimates	Use of Estimates ​ 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 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.
Acquisition Accounting	Acquisition Accounting ​ Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a bargain purchase gain is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized.
Securities Purchased Under Agreements to Resell	Securities Purchased Under Agreements to Resell ​ Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts.
Securities	Securities ​ Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Securities held for resale to facilitate principal transactions with customers are classified as trading and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. The Company reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. ​ Debt securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk or other factors related to interest rate and prepayment risk. Debt securities available for sale are carried at fair value. Unrealized holding gains and losses on debt securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and reflect any optionality that may be embedded in the security. ​ Equity securities are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Equity securities that do not have readily determinable fair values are initially recorded at cost and subsequently remeasured when there is (i) an observable transaction involving the same investment, (ii) an observable transaction involving a similar investment from the same issuer or (iii) an impairment. These remeasurements are reflected in the consolidated statements of operations. ​
Allowance for Credit Losses on Available for Sale and Held to Maturity Securities	Allowance for Credit Losses on Available for Sale and Held to Maturity Securities ​ Available for sale debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For available for sale debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not been recorded through an allowance for credit losses, such as declines due to changes in market interest rates, are recorded through other comprehensive income, net of applicable taxes. ​ Allowances for credit losses may result from credit deterioration of the issuer or the collateral underlying the security. In performing an assessment of whether any decline in fair value is due to a credit loss, all relevant information is considered at the individual security level. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount by which the fair value is less than the amortized cost basis. ​ Under the new credit loss guidance adopted on January 1, 2020, the previous other-than-temporary-impairment (“OTTI”) model was replaced. Under the OTTI model, credit losses were recognized as a reduction to the cost basis of the investment with recovery of an impairment loss recognized prospectively over time as interest income, and reversals of impairment were not allowed. Effective January 1, 2020, if the Company intends to sell a debt security, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, the debt security is written down to its fair value and the write down is charged against the allowance for credit losses, with any incremental impairment reported in earnings. Reversals of the allowance for credit losses are permitted and should not exceed the allowance amount initially recognized. ​ For debt securities held to maturity, estimated expected credit losses are calculated in a manner like that used for loans held for investment. That is, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. With respect to certain classes of debt securities, primarily U.S. Treasuries, the Company considers the history of credit losses, current conditions and reasonable and supportable forecasts, which may indicate that the expectation that nonpayment of the amortized cost basis is or continues to be zero, even if the U.S. government were to technically default. Therefore, the Company has not recorded expected credit losses for those securities.
Loans Held for Sale	Loans Held for Sale ​ Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet between 30 and 45 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, historically with the majority with servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of the Fair Value Option Subsections of the ASC (the “Fair Value Option”). Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In addition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject to repurchase by PrimeLending. When such loans subject to repurchase no longer qualify for sale accounting, they are reported as loans held for sale in the consolidated balance sheets.
Loans Held for Investment	Loans Held for Investment ​ Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for credit losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. ​ The accrual of interest on credit deteriorated loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. Once placed on non-accrual status, interest income is recognized on a cash basis. Additionally, accretion of purchased discount on non-accrual loans is suspended. ​ The Company follows applicable regulatory guidance when measuring past due status. The Company uses the actual days elapsed since the payment due date of the loan to determine delinquency. In response to the ongoing 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 modifications generally met the criteria of the Economic Security Act (“CARES Act”) passed in March 2020. Therefore, the Company did not account for such loan modifications as TDRs ​ Management defines loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for credit losses. Acquired loans are segregated between those considered to be credit deteriorated and those without credit deterioration at acquisition. To make this determination, management considers such factors as past due status, non-accrual status and credit risk ratings. For acquired performing loans, a lifetime allowance for credit losses is estimated as of the date of acquisition and is recorded through provision for (reversal of) credit losses. The difference between the purchase price and loan receivable is amortized over the remaining life of the loan. ​ All formerly designated purchased credit impaired (“PCI”) loans became purchased credit deteriorated (“PCD”) loans effective January 1, 2020. PCD loans are loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination. For PCD loans, any non-credit discount or premium related to an acquired pool of PCD loans is allocated to each individual asset within the pool. On the acquisition date, the initial allowance for credit losses measured on a pooled basis is allocated to each individual asset within the pool to allocate any non-credit discount or premium. Credit losses are measured based on unpaid principal balance. A lifetime allowance for credit losses is estimated as of the date of acquisition. The initial allowance for credit losses is added to the purchase price and is considered to be part of the PCD loan amortized cost basis. ​
Allowance for Credit Losses for Loans Held for Investment	Allowance for Credit Losses for Loans Held for Investment ​ Credit quality within the loans held for investment portfolio is continuously monitored by management and is reflected within the allowance for credit losses for loans. The allowance for credit losses, or reserve, is an estimate of expected losses over the lifetime of a loan within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment is adjusted by a provision for (reversal of) credit losses, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. ​ The credit loss estimation process involves procedures to appropriately consider the unique characteristics of the Company’s loan portfolio segments, which are further disaggregated into loan classes, the level at which credit risk is monitored. The allowance for credit losses for loans not evaluated for specific reserves is calculated using statistical credit factors, including probabilities of default (“PD”) and loss given default (“LGD”), to the amortized cost of pools of loan exposures with similar risk characteristics over its contractual life, adjusted for prepayments, to arrive at an estimate of expected credit losses. Economic forecasts are applied over the period management believes it can estimate reasonable and supportable forecasts. Reasonable and supportable forecast periods and reversion assumptions to historical data are credit model specific. The Company typically forecasts economic variables over a one ​ Commercial loans that exceed a minimum size scope are underwritten and graded using credit models that leverage national industry default data to score the loans. At the conclusion of the process of underwriting or re-grading a borrower, each borrower (for commercial and industrial loans) or property (for commercial real estate loans) is assigned a PD grade threshold. The valuation methodology of risk rating internal grades is based on the merits of the financial ratios of the borrower or the property. In addition, an LGD grade is determined by the credit models utilizing collateral information provided. A master rating scale effectively "pools" the loans by credit scores and assigns a standard one year PD percentage and an LGD percentage equally for all loans that have a given score. For borrowers or loans that do not meet the minimum balance threshold, an internal scorecard is utilized to approximate the grades derived from the credit models and is mapped to the master rating scale. The resulting numerical PD grade is the credit quality indicator for commercial loans. The grades on borrowers or properties that are scored in the credit models are determined at origination and updated at least annually. The grades on the internal scorecards are updated annually if they meet a minimum threshold, or if new circumstances (favorable or unfavorable) warrant a re-scoring. ​ When computing allowance levels, credit loss assumptions are estimated using models that analyze loans according to credit risk ratings, historic loss experience, past due status and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. Future factors and forecasts may result in significant changes in the allowance and provision (reversal) for credit losses in those future periods. The allowance for credit losses will primarily reflect estimated losses for pools of loans that share similar risk characteristics, but will also consider individual loans that do not share risk characteristics with other loans. ​ Loans that Share Risk Characteristics with Other Loans (“ Collectively Evaluated”) ​ In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type and internal risk rating or past due category as follows. ​ Commercial and Industrial and Commercial Real Estate Loans. commitments, the Company separately evaluate owner and non-owner occupied real estate. The borrower’s financial statements may be used to evaluate amounts and sources of repayments, debt service coverage, debt capacity, and quality of earnings. Other non-financial metrics are also evaluated including the geographies and industries within which it operates, its management strength, and its reputation and historical experience. The internal LGD risk rating also considers assessment of collateral quality and current loan to value, collateral type and loan seniority, covenant strength and performance, as well as any individual, corporate, or government guarantees. ​ These factors are based on an evaluation of historical and current information and sometimes involve subjective assessment and interpretation. Specific considerations for construction are considered in the internal PD and LGD risk ratings including property type, development phase and complexity, as well as lease-up and stabilization projections. The PD and LGD factors are further sensitized in the models for future expectations over the loan’s contractual life, adjusted for prepayments. ​ 1-4 Family Residential Loans. The 1-4 family residential loan portfolio is segmented into pools of residential real estate loans with similar credit risk characteristics. For 1-4 family residential loans, the Company utilizes separate credit models designed for these types of loans to estimate the PD and LGD grades for the allowance for credit losses calculation. The models calculate expected losses and prepayments using borrower information at origination, including FICO score, loan type, collateral type, lien position, geography, origination year, and loan to value. Past due status post-origination is also a key input in the models. Current and future changes in economic conditions, including unemployment rates, home prices, index rates, and mortgage rates, are also considered. New originations and loan purchases are scored using the FICO score at origination. FICO score bands are assigned following prevalent industry standards and are used as the credit quality indicator for these types of loans. Substandard non-accrual loans are treated as a separate category in the credit scoring grid as the probability of default is 100% and the FICO score is no longer a relevant predictor. ​ Consumer Loans. The consumer loan portfolio is segmented into pools of consumer installment loans or revolving lines of credit with similar credit characteristics. The models calculate expected losses using borrower information at origination, including FICO score, origination year, geography, and collateral type. ​ Broker-Dealer Loans. The broker-dealer loan portfolio is evaluated on an individual basis using the collateral maintenance practical expedient. The collateral maintenance practical expedient allows the broker-dealer to compare the fair value of the collateral of each loan as of the reporting date to loan value. The underlying collateral of the loans to customers and correspondents is marked to market daily and any required additional collateral is collected. The allowance represents the amount of unsecured loan balances at the end of the period. ​ Qualitative Factors ​ Estimating the timing and amounts of future loss cash flows is subject to significant management judgment as these loss cash flows rely upon estimates such as default rates, loss severities, collateral valuations, the amounts and timing of principal payments (including any expected prepayments) or other factors that are reflective of current or future expected conditions. These estimates, in turn, depend on the duration of current overall economic conditions, industry, borrower, or portfolio specific conditions, the expected outcome of bankruptcy or insolvency proceedings, as well as, in certain circumstances, other economic factors, including the level of current and future real estate prices. All of these estimates and assumptions require significant management judgment and certain assumptions that are highly subjective. Model imprecision also exists in the allowance for credit losses estimation process due to the inherent time lag of available industry information and differences between expected and actual outcomes. ​ Management considers adjustments for these conditions in its allowance for credit loss estimates qualitatively where they may not be measured directly in its individual or collective assessments, including but not limited to: ● an adjustment to historical loss data to measure credit risk even if that risk is remote and does not meet the scope of assets with zero expected losses; ● the environmental factors and the areas in which credit is concentrated, such as the regulatory, environmental, or technological environment, the geographical area or key industries, or in the national or regional economic and business conditions where the borrower has exposure; ● the nature and volume of the company’s financial assets; ● the borrower’s financial condition, credit rating, credit score, asset quality, or business prospects; ● the borrower’s ability to make scheduled interest or principal payments; ● the remaining payment terms of the financial assets and the remaining time to maturity and the timing and extent of prepayments on the financial assets; ● the volume and severity of past due or adversely classified financial assets; ● the value of underlying collateral in which the collateral-dependent practical expedient has not been utilized; ● any updates to credit lending policies and procedures, including lending strategies, underwriting standards, collection and recovery practices, not reflected in the models; and ● the quality of the internal credit review system. ​ Loans that Do Not Share Risk Characteristics with Other Loans ​ When a loan is assigned a substandard non-accrual risk rating grade, the loan subsequently is evaluated on an individual basis and no longer evaluated on a collective basis. The net realizable value of the loan is compared to the appropriate loan basis (i.e. PCD loan versus non-PCD loan) to determine any allowance for credit losses. Loans that are below a predetermined threshold, with the exception of 1-4 family residential loans, are fully reserved. The Company generally considers non-accrual loans to be collateral-dependent. The practical expedient to measure credit losses using the fair value of the collateral has been exercised. ​ For commercial real estate loans, the fair value of collateral is primarily based on appraisals. For owner occupied real estate loans, underlying properties are occupied by the borrower in its business, and evaluations are based on business operations used to service the debt. For non-owner occupied real estate loans, underlying properties are income-producing and evaluations are based on tenant revenues. For income producing construction and land development loans, appraisals reflect the assumption that properties are completed. ​ For 1-4 family residential loans that are graded substandard non-accrual, an assessment of value is made using the most recent appraisal on file. If the appraisal on file is older than two years, the latest property tax assessment is used as a screening value to determine if a reserve might be required. If the assessed value is less than the appraised value, this value is discounted for selling costs and is used to measure the reserve required. If the appraisal is less than two years old, the value is discounted for selling costs and compared to the appropriate basis in the loan. ​ Consumer loans are charged off when they reach 90 days delinquency as a general rule. There are limited cases where the loan is not charged off due to special circumstances and is subject to the collateral review process.
Allowance for Loan Losses for Loans Held for Investment	Allowance for Loan Losses for Loans Held for Investment ​ Prior to the adoption of the new CECL standard on January 1, 2020, the Company’s allowance for loan losses was a reserve established through a provision for loan losses charged to or recovered from expense, which represents management’s best estimate of probable losses inherent in the existing portfolio of loans at the balance sheet date. The allowance for loan losses included allowance allocations calculated in accordance with the regulatory Interagency Policy Statement on the Allowance for Loan and Lease Losses and the Receivables and Contingencies Topics of the ASC. The level of the allowance reflected management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions, and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. While management utilized its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond its control, including the performance of the loan portfolio, the economy and changes in interest rates. ​ The Bank’s allowance for loan losses consisted of three elements: (i) specific valuation allowances established for probable losses on individually impaired loans; (ii) general historical valuation allowances calculated based on historical loan loss experience for homogenous loans with similar collateral; and (iii) valuation allowances to adjust general reserves based on current economic conditions and other qualitative risk factors, including projected loss emergence period, both internal and external to the Bank. ​ Changes in the volume and severity of past due, non-accrual and classified loans, as well as changes in the nature, volume and terms of loans in the portfolio are key indicators of changes that could indicate a necessary adjustment to the historical loss factors. Classified loans are defined as loans having a well-defined weakness or weaknesses related to the borrower's financial capacity or to pledged collateral that may jeopardize the repayment of the debt. They are characterized by the possibility that the Bank may sustain some loss if the deficiencies giving rise to the substandard classification are not corrected. The magnitude of the impact of these factors on the qualitative assessment of the allowance for loan loss changes from quarter to quarter. Periodically, management conducted an analysis to estimate the loss emergence period for each loan portfolio segment based on historical charge-offs, loan type and loan payment history and considered available industry peer bank data. Model output by loan category was reviewed to evaluate the reasonableness of the reserve levels in comparison to the estimated loss emergence period applied to historical loss experience. ​ In connection with business combinations, the Bank acquired loans both with and without evidence of credit quality deterioration since origination. PCI loans were accounted for in pools as well as on an individual loan basis. Cash flows expected to be collected were recast quarterly for each loan or pool. These evaluations required the continued use and updating of key assumptions and estimates such as default rates, loss severity given default and prepayment speed assumptions (similar to those used for the initial fair value estimate). Management judgment was applied in developing these assumptions. If expected cash flows for a loan or pool decreased, an increase in the allowance for loan losses was made through a charge to the provision for loan losses. If expected cash flows for a loan or pool increased, any previously established allowance for loan losses was reversed and any remaining difference increased the accretable yield. This increase in accretable yield was taken into income over the remaining life of the loan. ​ Loans without evidence of credit impairment at acquisition were subsequently evaluated for any required allowance at each reporting date. An allowance for loan losses was calculated using a methodology similar to that described above for originated loans. The allowance as determined for each loan collateral type was compared to the remaining fair value discount for that loan collateral type. If greater, the excess was recognized as an addition to the allowance through a provision for loan losses. If less than the discount, no additional allowance was recorded. Charge-offs and losses first reduced any remaining fair value discount for the loan and once the discount was depleted, losses were applied against the allowance established for that loan.
Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments	Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments ​ The Company maintains a separate allowance for credit losses from off-balance sheet credit exposures, including unfunded loan commitments, which is included in other liabilities within the consolidated balance sheets. The Company 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.
Broker-Dealer and Clearing Organization Transactions	Broker-Dealer and Clearing Organization Transactions ​ Amounts recorded in broker-dealer and clearing organization receivables and payables include securities lending activities, as well as amounts related to securities transactions for either customers of the Hilltop Broker-Dealers or for the accounts of the Hilltop Broker-Dealers. Securities borrowed and securities loaned transactions are generally reported as collateralized financings. Securities borrowed transactions require the Hilltop Broker-Dealers to deposit cash, letters of credit, or other collateral with the lender. With respect to securities loaned, the Hilltop Broker-Dealers receive collateral in the form of cash or other assets in an amount generally in excess of the market value of securities loaned. The Hilltop Broker-Dealers monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Interest income and interest expense associated with collateralized financings is included in the accompanying consolidated statements of operations.
Premises and Equipment	Premises and Equipment ​ Premises and equipment are stated at cost less accumulated depreciation and amortization computed principally on the straight-line method over the estimated useful lives of the assets, which range between 3 and 25 years. Gains or losses on disposals of premises and equipment are included in results of operations.
Leases	Leases ​ The Company determines if an arrangement is a lease at inception. Operating leases with a term of greater than one year are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases are included in premises and equipment and other liabilities on the Company’s consolidated balance sheets. The Company has lease agreements with lease and nonlease components, which are generally accounted for as a single lease component. Leases of low-value assets are assessed on a lease-by-lease basis to determine the need for balance sheet capitalization. ​ ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate commensurate with the lease term based on the information available at the lease commencement date in determining the present value of lease payments. No significant judgments or assumptions were involved in developing the estimated operating lease liabilities as the Company’s operating lease liabilities largely represent the future rental expenses associated with operating leases, and the incremental borrowing rates are based on publicly available interest rates. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. These options to extend or terminate are assessed on a lease-by-lease basis, and the ROU assets and lease liabilities are adjusted when it is reasonably certain that an option will be exercised. Rental expense for lease payments is recognized on a straight-line basis over the lease term and is included in occupancy and equipment, net within our consolidated statements of operations.
Other Real Estate Owned	Other Real Estate Owned ​ Real estate acquired through foreclosure (“OREO”) is included in other assets within the consolidated balance sheets and is carried at management’s estimate of fair value, less estimated cost to sell. Any excess of recorded investment over fair value, less cost to sell, is charged against the allowance for credit losses when property is initially transferred to OREO. Subsequent to the initial transfer to OREO, downward valuation adjustments are charged against earnings. Valuation adjustments, revenue and expenses from operations of the properties and resulting gains or losses on sale are included within the consolidated statements of operations in other noninterest income or expense, as appropriate. ​
Debt Issuance Costs	Debt Issuance Costs ​ The Company capitalizes debt issuance costs associated with financing of debt. These costs are amortized using the effective interest method over the repayment term of the debt. Unamortized debt issuance costs are presented in the consolidated balance sheets as a direct reduction from the associated debt liability. Debt issuance costs of $0.4 million, $0.3 million and $0.2 million during 2021, 2020 and 2019, respectively, were amortized and included in interest expense within the consolidated statements of operations. In May 2020 and April 2015, debt issuance costs of $3.2 million and $1.9 million, respectively, were capitalized in connection with Hilltop’s issuance of the Subordinated Notes due 2030 and 2035 (defined hereafter) and the 5% senior notes due 2025 (defined hereafter), respectively.
Goodwill	Goodwill ​ Goodwill, which represents the excess of cost over the fair value of the net assets acquired, is allocated to reporting units and tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount should be assessed. The Company performs required annual impairment tests of its goodwill as of October 1 st
Intangibles and Other Long-Lived Assets	Intangibles and Other Long-Lived Assets ​ Intangible assets are acquired assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company’s intangible assets primarily consist of core deposits, trade names and customer relationships. Intangible assets with definite useful lives are generally amortized on the straight-line method over their estimated lives, although certain intangibles, including core deposits, and customer relationships, are amortized on an accelerated basis. Amortization of intangible assets is recorded in other noninterest expense within the consolidated statements of operations. Intangible assets with indefinite useful lives are tested for impairment on an annual basis as of October 1 st
Mortgage Servicing Rights	Mortgage Servicing Rights ​ The Company determines its portfolio segment of residential mortgage servicing assets based on the asset type being serviced along with the methods used to manage the risk inherent in the servicing assets, which includes the market inputs used to value the servicing assets. The Company measures its servicing assets at fair value and reports changes in fair value through earnings. ​ The retained mortgage servicing rights (“MSR”) asset is measured at fair value as of the date of sale of the related mortgage loan. Subsequent fair value measurements of the MSR asset are determined by valuing the projected net servicing cash flows, which are then discounted to estimate fair value using a discounted cash flow model. Assumptions used include market discount rates, anticipated prepayment speeds, delinquency and foreclosure rates, and ancillary fee income. ​ The model assumptions and the MSR asset fair value estimates are compared to observable trades of similar portfolios as well as to MSR asset broker valuations and industry surveys, as available. The expected life of the loan can vary from management’s estimates due to prepayments by borrowers. The value of the MSR asset is also dependent upon the discount rate used in the model, which is based on current market rates that are reviewed by management on an ongoing basis. ​
Derivative Financial Instruments	Derivative Financial Instruments ​ The Company enters into various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. The Company’s derivative financial instruments also include interest rate lock commitments (“IRLCs”) executed with its customers that allow those customers to obtain a mortgage loan on a future date at an agreed-upon interest rate. The IRLCs, forward commitments, interest rate swaps, U.S. Treasury bond futures and options, Eurodollar futures, and credit default swaps meet the definition of a derivative under the provisions of the Derivatives and Hedging Topic of the ASC. ​ Derivatives are recorded at fair value in the consolidated balance sheets. To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. If derivative instruments are designated as hedges of fair values, the change in the fair value of both the derivative instrument and the hedged item are included in current earnings. Changes in the fair value of derivatives designated as hedges of cash flows are recorded in other comprehensive income (loss). Actual cash receipts and/or payments and related accruals on derivatives related to hedges are recorded as adjustments to the line item where the hedged item’s effect on earnings is recorded.
Revenue from Contracts with Customers	Revenue from Contracts with Customers ​ Certain activities primarily within the Company’s broker-dealer and banking segments are subject to the provisions of ASC 606, Revenue from Contracts with Customers ​ The Company’s banking segment has three primary lines of business: (i) business banking, (ii) personal banking and (iii) wealth and investment management. Revenue from contracts with customers subject to the guidance in ASC 606 from the banking segment (certain retail and trust fees) is included within the other noninterest income line item within the consolidated statements of operations. Retail and trust fees are generally recognized at the time the related transaction occurs or when services are completed. Fees are based on the dollar amount of the transaction or are otherwise predefined in contracts associated with each customer account depending on the type of account and services provided.
Loss Contingencies	Loss Contingencies ​ Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
Stock-Based Compensation	Stock-Based Compensation ​ Stock-based compensation expense for all share-based awards granted is based on the grant date fair value estimated in accordance with the provisions of the Stock Compensation Topic of the ASC. The Company recognizes these compensation costs for only those awards expected to vest over the service period of the award.
Income Taxes	​ Income Taxes ​ Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recorded for the estimated future tax effects of the temporary difference between the tax basis and book basis of assets and liabilities reported in the accompanying consolidated balance sheets. The provision for income tax expense or benefit differs from the amounts of income taxes currently payable because certain items of income and expense included in the consolidated financial statements are recognized in different time periods by taxing authorities. Interest and penalties incurred related to tax matters are charged to other interest expense or other noninterest expense, respectively. The revaluation of deferred tax assets as a result of enacted tax rate changes, is recognized within income tax expense in continuing operations in the period of enactment. ​ Benefits from uncertain tax positions are recognized in the consolidated financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority having full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of cumulative benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold are recognized in the reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold are derecognized in the reporting period in which that threshold is no longer met. If the Company were to prevail on all uncertain tax positions, the effect would be a benefit to the Company’s effective tax rate. Due to uncertainties in any tax audit outcome, estimates of the ultimate settlement of unrecognized tax positions may change and the actual tax benefits may differ significantly from the estimate. ​ Deferred tax assets, including net operating loss and tax credit carry forwards, are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that any portion of these tax attributes will not be realized. Periodic reviews of the carrying amount of deferred tax assets are made when it is more likely than not that all or a portion of a deferred tax asset will not be realized.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash ​ For the purpose of presentation in the consolidated statements of cash flows, cash, cash equivalents and restricted cash are defined as the amounts included in the consolidated balance sheet captions “Cash and due from banks”, “Federal funds sold” and “Assets segregated for regulatory purposes.” Cash equivalents have original maturities of three months or less.
Repurchases of Common Stock	Repurchases of Common Stock ​ In accordance with Maryland law, the Company uses the par value method of accounting for its stock repurchases, whereby the par value of the shares is deducted from common stock. The excess of the cost of shares acquired over the par value is allocated to additional paid-in capital based on an estimated average sales price per issued share with the excess amounts charged to retained earnings.
Basic and Diluted Net Income Per Share	Basic and Diluted Net Income Per Share ​ Nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are participating securities and are included in the computation of earnings per share pursuant to the two-class method prescribed by the Earnings Per Share Topic of the ASC. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. ​ Net earnings, less any preferred dividends accumulated for the period (whether or not declared), is allocated between the common stock and participating securities pursuant to the two-class method. Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period, excluding participating nonvested restricted shares. The Company calculated basic earnings per common share using the treasury method instead of the two-class method because there were no instruments which qualified as participating securities during 2021, 2020 or 2019. ​ Diluted earnings per common share is computed in a similar manner, except that first the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares, excluding the participating securities, were issued using the treasury stock method. During 2021, 2020 and 2019, restricted stock units (“RSUs”) were the only potentially dilutive non-participating instruments issued by Hilltop. Next, the Company determines and includes in the diluted earnings per common share calculation the more dilutive effect of the participating securities using the treasury stock method or the two-class method. Undistributed losses are not allocated to the nonvested share-based payment awards (the participating securities) under the two-class method as the holders are not contractually obligated to share in the losses of the Company.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations
Schedule of discontinued operations	​ The following table presents the results of discontinued operations for NLC for the periods indicated (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2020 ​ 2019 Interest income: ​ ​ ​ ​ ​ ​ Securities: ​ ​ ​ ​ ​ ​ Taxable ​ $ 1,752 ​ $ 3,611 Other ​ ​ 71 ​ ​ 522 Total interest income ​ ​ 1,823 ​ ​ 4,133 ​ ​ ​ ​ ​ ​ ​ Interest expense: ​ ​ ​ ​ ​ ​ Notes payable ​ ​ 775 ​ ​ 1,806 ​ ​ ​ ​ ​ ​ ​ Noninterest income: ​ ​ ​ ​ ​ ​ Net insurance premiums earned ​ ​ 65,077 ​ ​ 132,284 Other ​ ​ 3,051 ​ ​ 10,915 Total noninterest income ​ ​ 68,128 ​ ​ 143,199 ​ ​ ​ ​ ​ ​ ​ Noninterest expense: ​ ​ ​ ​ ​ ​ Employees' compensation and benefits ​ ​ 6,002 ​ ​ 11,663 Occupancy and equipment, net ​ ​ 464 ​ ​ 991 Professional services ​ ​ 18,201 ​ ​ 35,528 Loss and loss adjustment expenses ​ ​ 38,419 ​ ​ 68,940 Other ​ ​ 3,987 ​ ​ 10,796 Total noninterest expense ​ ​ 67,073 ​ ​ 127,918 ​ ​ ​ ​ ​ ​ ​ Income from discontinued operations before income taxes ​ ​ 2,103 ​ ​ 17,608 Gain on disposal of discontinued operations ​ ​ 36,811 ​ ​ — Income tax expense ​ ​ 518 ​ ​ 3,618 Income from discontinued operations, net of income taxes ​ $ 38,396 ​ $ 13,990
Schedule of effects of reinsurance on premiums written and earned	The effects of reinsurance on premiums written and earned are included within discontinued operations for all periods presented and are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 ​ 2019 ​ Written Earned Written Earned Premiums from direct business $ 63,811 ​ $ 61,384 ​ $ 125,157 ​ $ 126,434 Reinsurance assumed 6,396 ​ 6,452 ​ 13,148 ​ 13,041 Reinsurance ceded (2,759) ​ (2,759) ​ (7,191) ​ (7,191) Net premiums $ 67,448 ​ $ 65,077 ​ $ 131,114 ​ $ 132,284
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2020 2019 Losses and LAE incurred ​ $ 38,225 ​ $ 68,130 Reinsurance recoverables ​ 194 ​ 810 Net loss and LAE incurred ​ $ 38,419 ​ $ 68,940

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2021 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,628 ​ $ 639,370 ​ $ — ​ $ 647,998 ​ Available for sale securities ​ ​ — ​ ​ 2,130,568 ​ ​ — ​ ​ 2,130,568 ​ Equity securities ​ ​ 250 ​ ​ — ​ ​ — ​ ​ 250 ​ Loans held for sale ​ ​ — ​ ​ 1,734,875 ​ ​ 47,716 ​ ​ 1,782,591 ​ Derivative assets ​ ​ — ​ ​ 48,122 ​ ​ — ​ ​ 48,122 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 86,990 ​ ​ 86,990 ​ Securities sold, not yet purchased ​ ​ 45,973 ​ ​ 50,613 ​ ​ — ​ ​ 96,586 ​ Derivative liabilities ​ ​ — ​ ​ 21,816 ​ ​ — ​ ​ 21,816 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 table includes a rollforward for those financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Year ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Year Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 56,480 ​ $ (76,166) ​ $ (4,139) ​ $ (275) ​ $ — ​ $ 47,716 MSR asset ​ ​ 143,742 ​ ​ 78,433 ​ ​ (142,558) ​ ​ — ​ ​ 7,373 ​ ​ — ​ ​ 86,990 Total ​ $ 215,558 ​ $ 134,913 ​ $ (218,724) ​ $ (4,139) ​ $ 7,098 ​ $ — ​ $ 134,706 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 67,195 ​ $ 61,410 ​ $ (57,682) ​ $ 10,323 ​ $ (9,430) ​ $ — ​ $ 71,816 MSR asset ​ ​ 55,504 ​ ​ 162,914 ​ ​ (36,750) ​ ​ — ​ ​ (37,926) ​ ​ — ​ ​ 143,742 Total ​ $ 122,699 ​ $ 224,324 ​ $ (94,432) ​ $ 10,323 ​ $ (47,356) ​ $ — ​ $ 215,558 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 50,464 ​ $ 60,475 ​ $ (34,849) ​ $ 1,136 ​ $ (10,031) ​ $ — ​ $ 67,195 MSR asset ​ ​ 66,102 ​ ​ 13,755 ​ ​ — ​ ​ — ​ ​ (24,353) ​ ​ — ​ ​ 55,504 Total ​ $ 116,566 ​ $ 74,230 ​ $ (34,849) ​ $ 1,136 ​ $ (34,384) ​ $ — ​ $ 122,699
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs December 31, 2021 ​ December 31, 2020 Loans ​ Market comparable ​ Projected price ​ 94 - 95 % ( 95 %) ​ 91 - 94 % ( 94 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flows ​ Constant prepayment rate ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 14.32 % ​ ​ ​ ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Year Ended December 31, 2020 ​ Year Ended December 31, 2019 ​ ​ Other Total ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ (55,442) ​ $ — ​ $ (55,442) ​ $ 52,296 ​ $ — ​ $ 52,296 ​ $ 12,775 ​ $ — ​ $ 12,775 MSR asset ​ 7,373 ​ — ​ 7,373 ​ (37,926) ​ — ​ (37,926) ​ (24,353) ​ — ​ (24,353)
Schedule of carrying values and estimated fair values of financial instruments	​ The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2021 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 2,823,523 ​ $ 2,823,523 ​ $ — ​ $ — ​ $ 2,823,523 Assets segregated for regulatory purposes ​ ​ 221,740 ​ ​ 221,740 ​ ​ — ​ ​ — ​ ​ 221,740 Securities purchased under agreements to resell ​ ​ 118,262 ​ ​ — ​ ​ 118,262 ​ ​ — ​ ​ 118,262 Held to maturity securities ​ ​ 267,684 ​ ​ — ​ ​ 276,296 ​ ​ — ​ ​ 276,296 Loans held for sale ​ ​ 95,599 ​ ​ — ​ ​ 95,599 ​ ​ — ​ ​ 95,599 Loans held for investment, net ​ ​ 7,788,552 ​ ​ — ​ ​ 733,193 ​ ​ 7,266,732 ​ ​ 7,999,925 Broker-dealer and clearing organization receivables ​ 1,672,946 ​ — ​ 1,672,946 ​ — ​ 1,672,946 Other assets ​ 73,041 ​ — ​ 71,290 ​ 1,751 ​ 73,041 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 12,818,077 ​ — ​ 12,821,138 ​ — ​ 12,821,138 Broker-dealer and clearing organization payables ​ 1,477,300 ​ — ​ 1,477,300 ​ — ​ 1,477,300 Short-term borrowings ​ 859,444 ​ — ​ 859,444 ​ — ​ 859,444 Debt ​ 387,904 ​ — ​ 387,904 ​ — ​ 387,904 Other liabilities ​ 3,944 ​ — ​ 3,944 ​ — ​ 3,944 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 2020 Balance, beginning of year ​ $ 22,844 $ 19,771 Additional investments ​ ​ — ​ ​ 500 Upward adjustments ​ ​ 6,411 ​ ​ 4,188 Impairments and downward adjustments ​ ​ (1,072) ​ ​ (1,615) Dispositions ​ (11,366) ​ — Balance, end of year ​ $ 16,817 ​ $ 22,844

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Securities
Summary of trading securities	The fair value of trading securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 U.S. Treasury securities $ 3,728 $ 40,491 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 3,410 ​ ​ 40 ​ Residential mortgage-backed securities ​ 152,093 ​ 336,081 ​ Commercial mortgage-backed securities ​ 126,389 ​ 876 ​ Collateralized mortgage obligations ​ ​ — ​ ​ 69,172 ​ Corporate debt securities ​ ​ 60,671 ​ ​ 62,481 ​ States and political subdivisions ​ ​ 285,376 ​ ​ 171,573 ​ Private-label securitized product ​ ​ 11,377 ​ ​ 8,571 ​ Other ​ ​ 4,954 ​ ​ 4,970 ​ Totals ​ $ 647,998 ​ $ 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 ​ ​ ​ December 31, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 14,937 ​ $ — ​ $ (75) ​ $ 14,862 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 43,448 ​ ​ 838 ​ ​ (153) ​ ​ 44,133 Residential mortgage-backed securities ​ 900,084 ​ 7,979 ​ (9,617) ​ 898,446 Commercial mortgage-backed securities ​ ​ 219,460 ​ 367 ​ (9,128) ​ 210,699 Collateralized mortgage obligations ​ 926,783 ​ 2,547 ​ (12,464) ​ 916,866 States and political subdivisions ​ 43,923 ​ 1,839 ​ (200) ​ 45,562 Totals ​ $ 2,148,635 ​ $ 13,570 ​ $ (31,637) ​ $ 2,130,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2021 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 9,892 ​ $ 400 ​ $ — ​ $ 10,292 Commercial mortgage-backed securities ​ ​ 145,742 ​ 5,311 ​ — ​ 151,053 Collateralized mortgage obligations ​ 43,990 ​ 476 ​ — ​ 44,466 States and political subdivisions ​ 68,060 ​ 2,428 ​ (3) ​ 70,485 Totals ​ $ 267,684 ​ $ 8,615 ​ $ (3) ​ $ 276,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasury securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ $ 14,862 ​ $ 75 — ​ $ — ​ $ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 2 ​ 14,862 ​ 75 — ​ — ​ — U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ ​ 9,904 ​ ​ 94 8 ​ ​ 60,298 ​ ​ 325 Unrealized loss for twelve months or longer 1 ​ 6,184 ​ 59 — ​ — ​ — ​ 3 ​ ​ 16,088 ​ ​ 153 8 ​ 60,298 ​ 325 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 52 ​ 548,392 ​ 6,915 15 ​ 86,287 ​ 429 Unrealized loss for twelve months or longer 17 ​ 104,378 ​ 2,702 — ​ — ​ — ​ 69 ​ ​ 652,770 ​ ​ 9,617 15 ​ 86,287 ​ 429 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 5 ​ 65,636 ​ 1,776 10 ​ 105,386 ​ 1,176 Unrealized loss for twelve months or longer 14 ​ 138,619 ​ 7,352 — ​ — ​ — ​ 19 ​ ​ 204,255 ​ ​ 9,128 10 ​ 105,386 ​ 1,176 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 72 ​ 618,464 ​ 11,316 10 ​ 101,990 ​ 324 Unrealized loss for twelve months or longer 10 ​ 62,647 ​ 1,148 5 ​ 13,611 ​ 46 ​ 82 ​ ​ 681,111 ​ ​ 12,464 15 ​ 115,601 ​ 370 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 5,576 ​ 200 — ​ — ​ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 14 ​ ​ 5,576 ​ ​ 200 — ​ — ​ — Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 147 ​ 1,262,834 ​ 20,376 43 ​ 353,961 ​ 2,254 Unrealized loss for twelve months or longer 42 ​ 311,828 ​ 11,261 5 ​ 13,611 ​ 46 ​ 189 ​ $ 1,574,662 ​ $ 31,637 48 ​ $ 367,572 ​ $ 2,300
Schedule of held-to-maturity and equity securities continuous unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 558 ​ $ 1 2 ​ $ 578 ​ $ — Unrealized loss for twelve months or longer 1 ​ 266 ​ 2 — ​ — ​ — ​ 3 ​ 824 ​ 3 2 ​ 578 ​ — Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 558 ​ 1 2 ​ 578 ​ — Unrealized loss for twelve months or longer 1 ​ 266 ​ 2 — ​ — ​ — ​ 3 ​ $ 824 ​ $ 3 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 December 31, 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 ​ $ 11,837 ​ $ 11,853 ​ $ 678 ​ $ 683 Due after one year through five years ​ 36,068 ​ 36,781 ​ 1,176 ​ 1,192 Due after five years through ten years ​ 13,852 ​ 14,424 ​ 14,091 ​ 14,617 Due after ten years ​ 40,551 ​ 41,499 ​ 52,115 ​ 53,993 ​ ​ 102,308 ​ 104,557 ​ 68,060 ​ 70,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 900,084 ​ 898,446 ​ 9,892 ​ 10,292 Collateralized mortgage obligations ​ 926,783 ​ 916,866 ​ 43,990 ​ 44,466 Commercial mortgage-backed securities ​ 219,460 ​ 210,699 ​ 145,742 ​ 151,053 ​ ​ $ 2,148,635 ​ $ 2,130,568 ​ $ 267,684 ​ $ 276,296

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Commercial real estate ​ $ 3,042,729 ​ $ 3,133,903 Commercial and industrial (1) ​ 1,875,420 ​ ​ 2,627,774 Construction and land development ​ 892,783 ​ ​ 828,852 1-4 family residential ​ ​ 1,303,430 ​ ​ 629,938 Consumer ​ ​ 32,349 ​ ​ 35,667 Broker-dealer (2) ​ ​ 733,193 ​ ​ 437,007 ​ ​ 7,879,904 ​ 7,693,141 Allowance for credit losses ​ (91,352) ​ ​ (149,044) Total loans held for investment, net of allowance ​ $ 7,788,552 ​ $ 7,544,097 (1) Included loans totaling $77.7 million and $486.7 million at December 31, 2021 and 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 ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Year Ended December 31, ​ ​ Allowance Allowance Total Allowance Allowance Total 2021 2020 2019 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 1,213 ​ $ 445 ​ $ 1,658 ​ $ 378 ​ $ 1,364 ​ $ — Owner occupied ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ 3,473 ​ ​ 6,002 ​ ​ 9,475 ​ ​ 648 ​ ​ 295 ​ ​ 37 Commercial and industrial ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 10,821 ​ ​ 23,228 ​ ​ 34,049 ​ ​ 2,585 ​ ​ 2,362 ​ ​ 1,261 Construction and land development ​ 2 ​ ​ — ​ ​ 2 ​ 102 ​ ​ 405 ​ ​ 507 ​ ​ 202 ​ ​ 110 ​ ​ 250 1-4 family residential ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ 4,726 ​ ​ 16,651 ​ ​ 21,377 ​ ​ 3,721 ​ ​ 1,568 ​ ​ 45 Consumer ​ 23 ​ ​ — ​ ​ 23 ​ 28 ​ ​ — ​ ​ 28 ​ ​ (120) ​ ​ 122 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 20,363 ​ $ 46,731 ​ $ 67,094 ​ $ 7,414 ​ $ 5,821 ​ $ 1,593
Schedule of information regarding TDRs granted	Information regarding TDRs granted during 2021, 2020, and 2019 that do not qualify for the CARES Act exemption is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Year Ended December 31, 2020 ​ Year Ended December 31, 2019 ​ Number of Balance at Balance at Number of Balance at Balance at Number of Balance at Balance at ​ ​ ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ ​ 1 ​ ​ 725 ​ ​ 713 ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ 3 ​ ​ 9,464 ​ ​ 4,116 ​ 4 ​ 9,618 ​ 8,566 Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ 5 ​ ​ 438 ​ ​ 438 ​ — ​ — ​ — Consumer ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ ​ 1 $ 725 $ 713 8 $ 9,902 $ 4,554 4 $ 9,618 $ 8,566
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 December 31, 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 ​ $ 117 ​ $ — ​ $ 1,173 ​ $ 1,290 ​ $ 1,728,409 ​ $ 1,729,699 ​ $ — Owner occupied ​ 590 ​ ​ 688 ​ ​ 2,273 ​ ​ 3,551 ​ ​ 1,309,479 ​ ​ 1,313,030 ​ ​ — Commercial and industrial ​ ​ 1,059 ​ ​ 277 ​ ​ 13,640 ​ ​ 14,976 ​ ​ 1,860,444 ​ ​ 1,875,420 ​ ​ 1 Construction and land development ​ 946 ​ ​ — ​ ​ — ​ ​ 946 ​ ​ 891,837 ​ ​ 892,783 ​ ​ — 1-4 family residential ​ 7,642 ​ ​ 2,738 ​ ​ 4,842 ​ ​ 15,222 ​ ​ 1,288,208 ​ ​ 1,303,430 ​ ​ 100 Consumer ​ 123 ​ ​ 22 ​ ​ 22 ​ ​ 167 ​ ​ 32,182 ​ ​ 32,349 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 733,193 ​ ​ 733,193 ​ ​ — ​ ​ $ 10,477 ​ $ 3,725 ​ $ 21,950 ​ $ 36,152 ​ $ 7,843,752 ​ $ 7,879,904 ​ $ 101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ December 31, 2021 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 19,510 ​ $ 12,027 ​ $ 23,994 ​ $ 8,983 ​ $ 1,369 ​ $ 10,407 ​ $ (2) ​ $ 76,288 Internal Grade 4-7 (Pass normal risk) ​ ​ 299,960 ​ ​ 162,441 ​ ​ 103,841 ​ ​ 43,841 ​ ​ 39,559 ​ ​ 51,125 ​ ​ 59,263 ​ ​ 760,030 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 218,256 ​ ​ 209,652 ​ ​ 113,089 ​ ​ 84,631 ​ ​ 52,260 ​ ​ 110,736 ​ ​ 866 ​ ​ 789,490 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 3,130 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,130 Internal Grade 13 (Substandard accrual) ​ ​ 39,325 ​ ​ 7,382 ​ ​ 13,863 ​ ​ 16,337 ​ ​ 6,898 ​ ​ 14,690 ​ ​ — ​ ​ 98,495 Internal Grade 14 (Substandard non-accrual) ​ ​ 412 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,854 ​ ​ — ​ ​ 2,266 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 109,381 ​ $ 51,173 ​ $ 17,226 ​ $ 25,929 ​ $ 30,866 ​ $ 37,433 ​ $ 753 ​ $ 272,761 Internal Grade 4-7 (Pass normal risk) ​ ​ 202,416 ​ ​ 124,524 ​ ​ 114,361 ​ ​ 87,591 ​ ​ 22,985 ​ ​ 72,113 ​ ​ 15,326 ​ ​ 639,316 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 84,696 ​ ​ 103,483 ​ ​ 47,881 ​ ​ 76,145 ​ ​ 16,002 ​ ​ 26,707 ​ ​ 859 ​ ​ 355,773 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 1,040 ​ ​ 9,309 ​ ​ 1,959 ​ ​ 10,460 ​ ​ 6,747 ​ ​ 11,330 ​ ​ — ​ ​ 40,845 Internal Grade 14 (Substandard non-accrual) ​ ​ 1,561 ​ ​ — ​ ​ (3) ​ ​ 345 ​ ​ 2,270 ​ ​ 162 ​ ​ — ​ ​ 4,335 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 28,189 ​ $ 29,971 ​ $ 27,252 ​ $ 6,971 ​ $ 9,373 ​ $ 938 ​ $ 61,599 ​ $ 164,293 Internal Grade 4-7 (Pass normal risk) ​ ​ 161,264 ​ ​ 84,497 ​ ​ 24,824 ​ ​ 22,193 ​ ​ 12,689 ​ ​ 13,754 ​ ​ 287,625 ​ ​ 606,846 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 110,145 ​ ​ 74,513 ​ ​ 33,352 ​ ​ 11,794 ​ ​ 6,944 ​ ​ 5,771 ​ ​ 308,878 ​ ​ 551,397 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 1 Internal Grade 13 (Substandard accrual) ​ ​ 2,309 ​ ​ 12,589 ​ ​ 5,406 ​ ​ 6,800 ​ ​ 3,808 ​ ​ 3,590 ​ ​ 6,184 ​ ​ 40,686 Internal Grade 14 (Substandard non-accrual) ​ ​ 2,529 ​ ​ 15,646 ​ ​ 35 ​ ​ 388 ​ ​ 413 ​ ​ 86 ​ ​ 3,381 ​ ​ 22,478 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 19,341 ​ $ 30,728 ​ $ 3,119 ​ $ 1,586 ​ $ 233 ​ $ 3,071 ​ $ 439 ​ $ 58,517 Internal Grade 4-7 (Pass normal risk) ​ ​ 323,767 ​ ​ 125,843 ​ ​ 25,841 ​ ​ 11,319 ​ ​ 1,930 ​ ​ 2,154 ​ ​ 27,701 ​ ​ 518,555 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 170,375 ​ ​ 47,178 ​ ​ 45,067 ​ ​ 1,087 ​ ​ 418 ​ ​ 1,904 ​ ​ 24,176 ​ ​ 290,205 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ — ​ ​ 28 ​ ​ — ​ ​ 5,324 ​ ​ — ​ ​ — ​ ​ 5,352 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 1,232 ​ ​ — ​ ​ — ​ ​ 1,016 ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,248 FICO greater than 720 ​ ​ 16,171 ​ ​ 132 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16,303 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 1,601 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,601 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,622 ​ $ 463 ​ $ 641 ​ $ 3,608 ​ $ 51 ​ $ 25,472 ​ $ 248 ​ $ 32,105 FICO between 620 and 720 ​ ​ 7,541 ​ ​ 10,872 ​ ​ 7,376 ​ ​ 7,452 ​ ​ 4,451 ​ ​ 29,416 ​ ​ 1,006 ​ ​ 68,114 FICO greater than 720 ​ ​ 782,137 ​ ​ 125,293 ​ ​ 53,296 ​ ​ 31,249 ​ ​ 15,101 ​ ​ 51,318 ​ ​ 2,821 ​ ​ 1,061,215 Substandard non-accrual ​ ​ — ​ ​ (4) ​ ​ 795 ​ ​ 277 ​ ​ 127 ​ ​ 17,013 ​ ​ — ​ ​ 18,208 Other (1) ​ ​ 95,308 ​ ​ 9,785 ​ ​ 5,751 ​ ​ 3,606 ​ ​ 828 ​ ​ 5,930 ​ ​ 2,580 ​ ​ 123,788 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,095 ​ $ 327 ​ $ 394 ​ $ 45 ​ $ 70 ​ $ 47 ​ $ 373 ​ $ 2,351 FICO between 620 and 720 ​ ​ 4,421 ​ ​ 915 ​ ​ 845 ​ ​ 141 ​ ​ 429 ​ ​ 71 ​ ​ 1,938 ​ ​ 8,760 FICO greater than 720 ​ ​ 9,528 ​ ​ 2,076 ​ ​ 854 ​ ​ 237 ​ ​ 12 ​ ​ 15 ​ ​ 2,545 ​ ​ 15,267 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 ​ ​ 1 ​ ​ — ​ ​ 23 Other (1) ​ ​ 4,405 ​ ​ 765 ​ ​ 348 ​ ​ 34 ​ ​ 12 ​ ​ 21 ​ ​ 363 ​ ​ 5,948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 2,719,537 ​ $ 1,251,580 ​ $ 674,565 ​ $ 464,065 ​ $ 241,191 ​ $ 497,131 ​ $ 808,923 ​ $ 6,656,992 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 411,973 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 77,746 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 733,193 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,879,904 (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)	12 Months Ended
	Dec. 31, 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 investments, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2021 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 109,629 ​ $ — ​ $ (50,231) ​ $ (310) ​ $ 266 ​ $ 59,354 Commercial and industrial ​ 27,703 ​ ​ — ​ ​ (6,128) ​ ​ (2,249) ​ ​ 2,656 ​ 21,982 Construction and land development ​ 6,677 ​ ​ — ​ ​ (2,003) ​ ​ — ​ ​ — ​ 4,674 1-4 family residential ​ 3,946 ​ ​ — ​ ​ 409 ​ ​ (312) ​ ​ 546 ​ 4,589 Consumer ​ ​ 876 ​ ​ — ​ ​ (222) ​ ​ (357) ​ ​ 281 ​ ​ 578 Broker-dealer ​ ​ 213 ​ ​ — ​ ​ (38) ​ ​ — ​ ​ — ​ ​ 175 Total ​ $ 149,044 ​ $ — ​ $ (58,213) ​ $ (3,228) ​ $ 3,749 ​ $ 91,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2020 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 31,595 ​ $ 8,073 ​ $ 73,865 ​ $ (4,517) ​ $ 613 ​ $ 109,629 Commercial and industrial ​ 17,964 ​ ​ 3,193 ​ ​ 22,870 ​ ​ (18,158) ​ ​ 1,834 ​ 27,703 Construction and land development ​ 4,878 ​ ​ 577 ​ ​ 1,222 ​ ​ (2) ​ ​ 2 ​ 6,677 1-4 family residential ​ 6,386 ​ ​ (29) ​ ​ (1,717) ​ ​ (748) ​ ​ 54 ​ 3,946 Consumer ​ ​ 265 ​ ​ 748 ​ ​ 86 ​ ​ (615) ​ ​ 392 ​ ​ 876 Broker-dealer ​ ​ 48 ​ ​ — ​ ​ 165 ​ ​ — ​ ​ — ​ ​ 213 Total ​ $ 61,136 ​ $ 12,562 ​ $ 96,491 ​ $ (24,040) ​ $ 2,895 ​ $ 149,044 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Transition Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ Adjustment ​ (Reversal of) ​ Loans ​ Charged Off ​ ​ Balance, Year Ended December 31, 2019 ​ Year ​ CECL ​ Credit Losses ​ Charged Off ​ Loans ​ ​ End of Year Commercial real estate ​ $ 27,100 ​ $ — ​ $ 5,649 ​ $ (1,160) ​ $ 6 ​ $ 31,595 Commercial and industrial ​ 21,980 ​ — ​ (921) ​ (5,924) ​ 2,829 ​ 17,964 Construction and land development ​ 6,061 ​ — ​ (1,183) ​ — ​ — ​ 4,878 1-4 family residential ​ 3,956 ​ — ​ 3,276 ​ (907) ​ 61 ​ 6,386 Consumer ​ ​ 267 ​ ​ — ​ ​ 459 ​ ​ (498) ​ ​ 37 ​ ​ 265 Broker-dealer ​ ​ 122 ​ ​ — ​ ​ (74) ​ ​ — ​ ​ — ​ ​ 48 Total ​ $ 59,486 ​ $ — ​ $ 7,206 ​ $ (8,489) ​ $ 2,933 ​ $ 61,136 ​
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 2019 Balance, beginning of year ​ $ 8,388 ​ $ 2,075 ​ $ 2,366 Transition adjustment CECL accounting standard ​ ​ — ​ ​ 3,837 ​ ​ — Other noninterest expense ​ ​ (2,508) ​ ​ 2,476 ​ ​ (291) Balance, end of year ​ $ 5,880 ​ $ 8,388 ​ $ 2,075

Cash and Due from Banks (Tables

Cash and Due from Banks (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and Due from Banks
Schedule of cash and due from banks	Cash and due from banks consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Cash on hand ​ $ 39,981 ​ $ 45,207 Clearings and collection items ​ 52,405 ​ 82,396 Deposits at Federal Reserve Bank ​ 2,692,088 ​ 874,998 Deposits at Federal Home Loan Bank ​ 1,509 ​ 1,607 Deposits in FDIC-insured institutions ​ 37,155 ​ 58,352 ​ ​ $ 2,823,138 ​ $ 1,062,560

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Premises and Equipment
Summary of the components of premises and equipment	The components of premises and equipment are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Land and premises ​ $ 122,376 ​ $ 125,701 ​ Furniture and equipment ​ 275,171 ​ 257,810 ​ ​ ​ 397,547 ​ 383,511 ​ Less accumulated depreciation and amortization ​ (193,109) ​ (171,916) ​ ​ ​ $ 204,438 ​ $ 211,595 ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Other Intangible Assets
Schedule of carrying value of intangible assets subject to amortization	The carrying value of intangible assets subject to amortization was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2021 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (44,370) ​ $ 4,560 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (8,312) ​ 8,188 ​ Noncompete agreements ​ 4 ​ ​ 4,310 ​ (4,310) ​ — ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (12,764) ​ 2,536 ​ ​ ​ ​ ​ ​ ​ $ 85,040 ​ $ (69,756) ​ $ 15,284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2020 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (40,997) ​ $ 7,933 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (7,563) ​ 8,937 ​ Noncompete agreements ​ 4 ​ ​ 4,310 ​ (4,310) ​ — ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (11,806) ​ 3,494 ​ ​ ​ ​ ​ ​ ​ $ 85,040 ​ $ (64,676) ​ $ 20,364 ​
Schedule of estimated aggregate future amortization expense for intangible assets	The estimated aggregate future amortization expense for intangible assets at December 31, 2021 is as follows (in thousands). ​ ​ ​ ​ 2022 $ 3,967 2023 2,860 2024 1,826 2025 1,028 2026 959 Thereafter 4,644 ​ $ 15,284

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 ​ 2020 ​ 2019 Balance, beginning of year $ 143,742 ​ $ 55,504 ​ $ 66,102 Additions 78,433 ​ 162,914 ​ 13,755 Sales (142,558) ​ (36,750) ​ — Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 30,525 ​ (27,261) ​ (16,054) Due to customer payoffs (23,152) ​ (10,665) ​ (8,299) Balance, end of year $ 86,990 ​ $ 143,742 ​ $ 55,504 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2021 ​ 2020 ​ ​ Mortgage loans serviced for others (2) $ 6,355,927 ​ $ 14,643,623 ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.37 % 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 2021 are MSR asset fair value adjustments totaling $22.8 million, which reflects 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	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2021 ​ 2020 ​ Weighted average constant prepayment rate 10.02 % ​ 12.15 % Weighted average discount rate 14.32 % ​ 14.60 % Weighted average life (in years) 7.1 ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (2,603) ​ $ (5,639) Impact of 20% adverse change ​ (5,315) ​ (11,164) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (4,070) ​ (6,435) Impact of 20% adverse change ​ (7,753) ​ (12,287)

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 2020 Noninterest-bearing demand ​ $ 4,577,183 ​ $ 3,612,384 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,270,522 ​ 2,399,341 ​ Brokered - demand ​ 114,393 ​ 282,426 ​ Money market ​ 3,433,341 ​ 2,716,878 ​ Brokered - money market ​ 98,614 ​ 124,243 ​ Savings ​ 345,795 ​ 276,327 ​ Time ​ 962,752 ​ 1,506,435 ​ Brokered - time ​ 15,477 ​ 324,285 ​ ​ ​ $ 12,818,077 ​ $ 11,242,319 ​
Summary of scheduled maturities of interest-bearing time deposits	Scheduled maturities of all time deposits at December 31, 2021 are as follows (in thousands). ​ ​ ​ ​ ​ ​ 2022 $ 840,771 ​ 2023 ​ 78,265 ​ 2024 ​ 29,631 ​ 2025 ​ 11,381 ​ 2026 and thereafter ​ 18,181 ​ ​ ​ $ 978,229 ​

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Federal funds purchased ​ $ 171,925 ​ $ 180,325 Securities sold under agreements to repurchase ​ 191,547 ​ 237,856 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ 142,000 ​ ​ — Commercial paper ​ 353,972 ​ 277,617 ​ ​ $ 859,444 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 2019 Average balance during the year ​ $ 363,964 ​ $ 509,577 ​ $ 605,858 ​ Average interest rate during the year ​ 0.34 % ​ 0.89 % 2.48 % Maximum month-end balance during the year ​ $ 427,553 ​ $ 714,507 ​ $ 693,750 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ Average interest rate at end of year ​ ​ 0.31 % ​ 0.25 % ​ ​ ​ Securities underlying the agreements at end of year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 191,483 ​ $ 237,913 ​ ​ ​ ​ Estimated fair value ​ $ 205,734 ​ $ 262,554 ​ ​ ​ ​
Federal Home Loan Bank
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 ​ 2020 ​ 2019 ​ Average balance during the year ​ $ — ​ $ 38,634 ​ $ 329,356 ​ Average interest rate during the year ​ ​ — % ​ 1.63 % ​ 2.16 % Maximum month-end balance during the year ​ $ — ​ $ 150,000 ​ $ 700,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Senior Notes due April 2025, net of discount of $886 and $1,063, respectively ​ $ 149,114 ​ $ 148,937 Subordinated Notes due May 2030, net of discount of $704 and $793, respectively ​ 49,296 ​ 49,207 Subordinated Notes due May 2035, net of discount of $2,220 and $2,392, respectively ​ 147,780 ​ 147,608 Ventures Management lines of credit ​ ​ 41,714 ​ ​ 36,235 ​ ​ $ 387,904 ​ $ 381,987
Scheduled maturities of notes payable	Scheduled maturities for notes payable outstanding at December 31, 2021 are as follows (in thousands). ​ ​ ​ ​ 2022 $ 41,714 2023 — 2024 — 2025 150,000 2026 — Thereafter 200,000 ​ $ 391,714

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ ​ 2021 ​ ​ 2020 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,358) ​ ​ (4,768) Premises and equipment, net ​ $ 2,422 ​ $ 3,012
Schedule of components of lease costs	. The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Operating lease cost ​ $ 38,862 ​ $ 41,903 ​ $ 44,331 Less operating lease and sublease income ​ ​ (1,719) ​ ​ (1,676) ​ ​ (2,657) Net operating lease cost ​ $ 37,143 ​ $ 40,227 ​ $ 41,674 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 590 ​ $ 590 ​ $ 590 Interest on lease liabilities ​ ​ 522 ​ ​ 561 ​ ​ 596 Total finance lease cost ​ $ 1,112 ​ $ 1,151 ​ $ 1,186
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 37,239 ​ $ 31,850 ​ $ 37,527 Operating cash flows from finance leases ​ ​ 522 ​ ​ 561 ​ ​ 587 Financing cash flows from finance leases ​ ​ 689 ​ ​ 636 ​ ​ 603 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 41,615 ​ $ 11,723 ​ $ 27,055 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 5.9 ​ 3.89 % ​ 5.5 ​ 4.67 % Finance ​ 4.8 ​ 4.84 % ​ 5.6 ​ 4.81 %
Schedule of maturities of lease liabilities under the Leasing Standard	Future minimum lease payments, under lease agreements as of December 31, 2021, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 26,608 ​ $ 1,241 2023 ​ 30,466 ​ ​ 1,280 2024 ​ 22,245 ​ ​ 1,163 2025 ​ 16,141 ​ ​ 886 2026 ​ 13,056 ​ ​ 813 Thereafter ​ 38,511 ​ ​ 598 Total minimum lease payments ​ 147,027 ​ ​ 5,981 Less amount representing interest ​ (16,067) ​ ​ (1,811) Lease liabilities $ 130,960 ​ $ 4,170

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Taxes
Schedule of components of the provision for income tax provision (benefit)	The significant components of the income tax provision are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 103,396 ​ $ 97,338 ​ $ 58,562 State ​ ​ 21,657 ​ ​ 19,150 ​ ​ 9,215 ​ ​ 125,053 ​ ​ 116,488 ​ 67,777 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ (4,454) ​ $ 13,325 ​ $ (2,690) State ​ ​ (2,623) ​ ​ 3,258 ​ ​ (1,373) ​ ​ (7,077) ​ 16,583 ​ (4,063) ​ ​ $ 117,976 ​ $ 133,071 ​ $ 63,714
Schedule of reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory Federal income tax rate to income (loss) before income taxes	The income tax provision differs from the amount that would be computed by applying the statutory federal income tax rate to income before income taxes as a result of the following (in thousands). The applicable corporate federal income tax rates were 21% for all periods presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Computed tax at federal statutory rate ​ $ 105,855 ​ $ 118,629 ​ $ 59,392 ​ Tax effect of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nondeductible expenses ​ ​ 4,057 ​ 2,304 ​ ​ 2,681 ​ State income taxes ​ 15,037 ​ 17,702 ​ ​ 6,195 ​ Tax-exempt income, net ​ (2,347) ​ (1,706) ​ ​ (1,727) ​ Minority interest ​ (2,436) ​ (4,587) ​ ​ (1,614) ​ Other ​ ​ (2,190) ​ 729 ​ ​ (1,213) ​ ​ ​ $ 117,976 ​ $ 133,071 ​ $ 63,714 ​
Schedule of components of the tax effects of temporary differences that give rise to the net deferred tax asset	The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred tax assets: ​ ​ ​ ​ ​ ​ ​ Net operating and built-in loss carryforward ​ $ 3,599 ​ $ 5,736 ​ Purchase accounting adjustment - loans ​ 8,299 ​ ​ 11,814 ​ Allowance for credit losses ​ 21,784 ​ ​ 35,542 ​ Compensation and benefits ​ 26,443 ​ ​ 22,513 ​ Legal and other reserves ​ 9,146 ​ ​ 7,097 ​ Foreclosed property ​ 1,182 ​ ​ 1,913 ​ Operating lease liabilities ​ 32,830 ​ ​ 29,348 ​ Other ​ ​ 6,168 ​ ​ 9,717 ​ ​ ​ 109,451 ​ 123,680 ​ Deferred tax liabilities: ​ ​ ​ ​ ​ ​ ​ Premises and equipment ​ 20,066 ​ ​ 20,076 ​ Intangible assets ​ 3,325 ​ ​ 4,518 ​ Derivatives ​ 6,034 ​ ​ 17,688 ​ Loan servicing ​ 21,279 ​ ​ 34,868 ​ Operating lease ROU assets ​ ​ 28,469 ​ ​ 24,755 ​ Other ​ 123 ​ ​ 8,015 ​ ​ ​ 79,296 ​ 109,920 ​ Net deferred tax asset ​ $ 30,155 ​ $ 13,760 ​
Schedule of changes in gross unrecognized tax benefits, which excludes interest and penalties	​ The aggregate changes in gross unrecognized tax benefits, which excludes interest and penalties, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year ​ $ 3,778 ​ $ 2,808 ​ $ 3,056 ​ Increases related to tax positions taken during a prior year ​ 603 ​ ​ 327 ​ ​ 317 ​ Decreases related to tax positions taken during a prior year ​ — ​ ​ — ​ ​ (423) ​ Increases related to tax positions taken during the current year ​ ​ 1,249 ​ ​ 1,017 ​ ​ 288 ​ Decreases related to expiration of the statute of limitations ​ ​ (761) ​ ​ (374) ​ ​ (430) ​ Balance, end of year ​ $ 4,869 ​ $ 3,778 ​ $ 2,808 ​

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 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 ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year $ 30,085 ​ $ 32,144 ​ $ 33,784 ​ Claims made 26,290 ​ 17,429 ​ 20,054 ​ Claims resolved with no payment (11,690) ​ (7,778) ​ (14,154) ​ Repurchases (11,934) ​ (11,588) ​ (6,170) ​ Indemnification payments (1,344) ​ (122) ​ (1,370) ​ Balance, end of year $ 31,407 ​ $ 30,085 ​ $ 32,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Year Ended December 31, ​ 2021 2020 2019 Balance, beginning of year $ 21,531 ​ $ 11,776 ​ $ 10,701 ​ Additions for new sales 10,966 ​ 9,991 ​ 3,116 ​ Repurchases (3,559) ​ (768) ​ (495) ​ Early payment defaults (189) ​ (624) ​ (380) ​ Indemnification payments (366) ​ (39) ​ (352) ​ Change in reserves for loans sold in prior years (959) ​ 1,195 ​ (814) ​ Balance, end of year $ 27,424 ​ $ 21,531 ​ $ 11,776 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims $ 345 ​ $ 961 ​ ​ ​ ​ Incurred but not reported claims 27,079 ​ ​ 20,570 ​ ​ ​ ​ Total $ 27,424 ​ $ 21,531 ​ ​ ​ ​ ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested RSU activity (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ Outstanding Fair Value Balance, December 31, 2018 ​ 1,270 ​ $ 22.44 ​ Granted ​ 719 ​ $ 20.02 ​ Vested/Released ​ (496) ​ $ 18.17 ​ Forfeited ​ (56) ​ $ 24.12 Balance, December 31, 2019 ​ 1,437 ​ $ 22.64 ​ Granted ​ 777 ​ $ 21.79 ​ Vested/Released ​ (350) ​ $ 26.83 ​ Forfeited ​ (31) ​ $ 22.38 Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (475) ​ $ 27.63 ​ Forfeited ​ (21) ​ $ 23.29 Balance, December 31, 2021 ​ 1,869 ​ $ 23.16

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ December 31, 2021 ​ December 31, 2020 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,469,695 10.20 % $ 1,385,842 10.44 % 4.0 % 5.0 % Hilltop ​ 2,262,356 12.58 % 2,111,580 12.64 % 4.0 % N/A ​ Common equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,469,695 16.00 % ​ 1,385,842 14.40 % 7.0 % 6.5 % Hilltop ​ ​ 2,262,356 21.22 % ​ 2,046,580 18.97 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,469,695 16.00 % 1,385,842 14.40 % 8.5 % 8.0 % Hilltop ​ 2,262,356 21.22 % 2,111,580 19.57 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,540,100 16.77 % 1,470,364 15.27 % 10.5 % 10.0 % Hilltop ​ 2,532,008 23.75 % 2,409,684 22.34 % 10.5 % N/A ​
Schedule of reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined)	A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ PlainsCapital Hilltop PlainsCapital Hilltop Total equity capital ​ $ 1,721,780 ​ $ 2,522,668 ​ $ 1,654,249 ​ $ 2,323,939 ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net unrealized holding losses (gains) on securities available for sale and held in trust ​ 10,219 ​ 10,219 ​ (17,763) ​ (17,763) ​ CECL transition adjustment ​ ​ 7,864 ​ ​ 8,792 ​ ​ 22,905 ​ ​ 23,842 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill and other disallowed intangible assets ​ ​ (270,168) ​ (279,323) ​ (273,330) ​ (283,187) ​ Other ​ ​ — ​ — ​ (219) ​ (251) ​ Common equity Tier 1 capital (as defined) ​ ​ 1,469,695 ​ 2,262,356 ​ 1,385,842 ​ ​ 2,046,580 ​ Add: Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trust preferred securities ​ ​ — ​ — ​ — ​ 65,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 1 capital deductions ​ — ​ — ​ — ​ — ​ Tier 1 capital (as defined) ​ 1,469,695 ​ 2,262,356 ​ 1,385,842 ​ 2,111,580 ​ Add: Allowable Tier 2 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses, including unfunded commitments ​ 91,177 ​ 91,352 ​ 120,334 ​ 134,853 ​ Capital instruments ​ ​ — ​ 200,000 ​ — ​ 200,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 2 capital deductions ​ ​ (20,772) ​ (21,700) ​ (35,812) ​ (36,749) ​ Total capital (as defined) ​ $ 1,540,100 ​ $ 2,532,008 ​ $ 1,470,364 ​ $ 2,409,684 ​
Schedule of net capital position	At December 31, 2021, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 201,734 ​ $ 3,781 ​ Less: required net capital ​ ​ 11,620 ​ ​ 255 ​ Excess net capital ​ $ 190,114 ​ $ 3,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 34.7 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 172,684 ​ ​ ​ ​

Other Noninterest Income and _2

Other Noninterest Income and Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Other Noninterest Income and Expense
Schedule of components of other noninterest income and expense	The following table shows the components of other noninterest income and expense (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Other noninterest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gains from Hilltop Broker-Dealer structured product and derivative activities ​ $ 48,816 ​ $ 81,111 ​ $ 129,571 Net gain from trading securities portfolio ​ 26,353 ​ 121,983 ​ 20,521 Service charges on depositor accounts ​ 18,081 ​ 14,845 ​ ​ 15,170 Trust fees ​ ​ 10,998 ​ ​ 9,804 ​ ​ 10,255 Other ​ 23,786 ​ 15,862 ​ 10,833 ​ ​ $ 128,034 ​ $ 243,605 ​ $ 186,350 Other noninterest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Software and information technology ​ $ 68,105 ​ $ 56,872 ​ $ 50,751 Mortgage origination and servicing ​ ​ 35,421 ​ ​ 27,808 ​ ​ 19,892 Brokerage commissions and fees ​ ​ 25,826 ​ ​ 24,113 ​ ​ 20,039 Unreimbursed loan closing costs ​ ​ 20,458 ​ ​ 21,696 ​ ​ 16,784 Business development ​ 11,998 ​ 10,190 ​ 12,940 Travel, meals and entertainment ​ 7,646 ​ 4,804 ​ 12,160 Amortization of intangible assets ​ 5,081 ​ 6,301 ​ 7,567 Funding fees ​ 4,768 ​ 4,461 ​ 5,393 Office supplies ​ 3,469 ​ 3,953 ​ 4,809 Other ​ ​ 42,519 ​ ​ 64,560 ​ ​ 43,051 ​ ​ $ 225,291 ​ $ 224,758 ​ $ 193,386

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 2020 ​ 2019 Increase (decrease) in fair value of derivatives during year: ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (22,170) ​ $ 33,714 ​ $ 8,550 Hilltop Broker-Dealers ​ ​ (19,884) ​ ​ 3,969 ​ ​ (3,085) Bank ​ ​ 43 ​ ​ (7) ​ ​ (148)
Schedule of derivative positions	​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ December 31, 2020 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,283,152 ​ $ 25,489 ​ $ 2,470,013 ​ $ 76,048 Commitments to purchase MBSs ​ 1,575,264 ​ (674) ​ 2,478,041 ​ 22,311 Commitments to sell MBSs ​ ​ 3,314,173 ​ (355) ​ 6,141,079 ​ (40,621) Interest rate swaps ​ ​ 68,413 ​ (1,949) ​ 43,786 ​ (2,196) U.S. Treasury bond futures and options (1) ​ ​ 247,800 ​ — ​ 225,400 ​ — Eurodollar and other futures (1) ​ ​ 2,061,800 ​ — ​ — ​ — Credit default swaps ​ ​ 7,000 ​ (15) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 190,000 ​ $ 603 ​ $ 105,000 ​ $ (3,112) Interest rate swaps designated as fair value hedges (2) ​ ​ 221,232 ​ ​ 3,207 ​ ​ 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 $221.2 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 $218.0 million and $60.7 million as of December 31, 2021 and 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 $3.2 million and $0.1 million as of December 31, 2021 and 2020, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,518,372 ​ $ — ​ $ 1,518,372 ​ $ (1,445,590) ​ $ — ​ $ 72,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 118,262 ​ ​ — ​ ​ 118,262 ​ ​ (118,262) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,955 ​ (1,773) ​ 1,182 ​ (744) ​ — ​ 438 ​ ​ $ 1,639,589 ​ $ (1,773) ​ $ 1,637,816 ​ $ (1,564,596) ​ $ — ​ $ 73,220 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 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,432,196 ​ $ — ​ $ 1,432,196 ​ $ (1,359,850) ​ $ — ​ $ 72,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 1,949 ​ — ​ 1,949 ​ (1,919) ​ — ​ 30 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 15 ​ — ​ 15 ​ (15) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 191,483 ​ — ​ 191,483 ​ (205,734) ​ — ​ (14,251) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,211 ​ — ​ 2,211 ​ (2,211) ​ — ​ — ​ ​ $ 1,627,854 ​ $ — ​ $ 1,627,854 ​ $ (1,569,729) ​ $ — ​ $ 58,125 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 December 31, 2021 and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2021 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 93,651 ​ ​ — ​ ​ 86,357 ​ ​ 11,475 ​ ​ 191,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,432,083 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,432,083 Total ​ $ 1,525,847 ​ $ — ​ $ 86,357 ​ $ 11,475 ​ $ 1,623,679 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,623,679 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)	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,518,372 ​ $ 1,338,855 Securities failed to deliver ​ 5,664 ​ 58,244 Trades in process of settlement ​ 144,773 ​ — Other ​ 4,137 ​ 7,628 ​ ​ $ 1,672,946 ​ $ 1,404,727 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,432,196 ​ $ 1,245,066 Correspondents ​ 20,571 ​ 33,547 Securities failed to receive ​ 18,808 ​ 61,589 Trades in process of settlement ​ ​ — ​ ​ 21,765 Other ​ 5,725 ​ 6,406 ​ ​ $ 1,477,300 ​ $ 1,368,373

Segment and Related Informati_2

Segment and Related Information (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 406,524 ​ $ 43,296 ​ $ (20,400) ​ $ (17,239) ​ $ 10,801 ​ $ 422,982 Provision for (reversal of) credit losses ​ ​ (58,175) ​ ​ (38) ​ ​ — ​ ​ — ​ ​ — ​ ​ (58,213) Noninterest income ​ ​ 45,113 ​ ​ 381,125 ​ ​ 986,990 ​ ​ 9,133 ​ ​ (12,086) ​ ​ 1,410,275 Noninterest expense ​ 226,915 ​ 380,798 ​ 731,056 ​ 50,507 ​ (1,878) ​ 1,387,398 Income (loss) from continuing operations before taxes ​ $ 282,897 ​ $ 43,661 ​ $ 235,534 ​ $ (58,613) ​ $ 593 ​ $ 504,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Year Ended December 31, 2020 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 390,871 ​ $ 39,912 ​ $ (10,489) ​ $ (14,192) ​ $ 18,064 ​ $ 424,166 Provision for (reversal of) credit losses ​ 96,326 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ — ​ 96,491 Noninterest income ​ 41,376 ​ ​ 491,355 ​ ​ 1,172,450 ​ ​ 3,945 ​ ​ (18,646) ​ 1,690,480 Noninterest expense ​ 232,447 ​ 415,463 ​ 753,917 ​ ​ 53,040 ​ ​ (1,064) ​ 1,453,803 Income (loss) from continuing operations before taxes ​ $ 103,474 ​ $ 115,639 ​ $ 408,044 ​ $ (63,287) ​ $ 482 ​ $ 564,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing Year Ended December 31, 2019 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations Net interest income (expense) ​ $ 379,258 ​ $ 51,308 ​ $ (6,273) ​ $ (5,541) ​ $ 20,227 ​ $ 438,979 Provision for (reversal of) credit losses ​ 7,280 ​ ​ (74) ​ ​ — ​ ​ — ​ ​ — ​ 7,206 Noninterest income ​ 41,753 ​ ​ 404,411 ​ ​ 634,992 ​ ​ 2,104 ​ ​ (20,443) ​ 1,062,817 Noninterest expense ​ 231,524 ​ 366,031 ​ 563,998 ​ ​ 50,968 ​ ​ (632) ​ 1,211,889 Income (loss) from continuing operations before taxes ​ $ 182,207 ​ $ 89,762 ​ $ 64,721 ​ $ (54,405) ​ $ 416 ​ $ 282,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Continuing ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Operations December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 14,944,249 ​ $ 3,673,346 ​ $ 2,207,822 ​ $ 2,940,670 ​ $ (5,077,007) ​ $ 18,689,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	12 Months Ended
	Dec. 31, 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 374,495 ​ $ 409,440 ​ $ 211,301 Income from discontinued operations ​ ​ — ​ ​ 38,396 ​ ​ 13,990 Income attributable to Hilltop ​ $ 374,495 ​ $ 447,836 ​ $ 225,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 80,708 ​ 89,280 ​ 92,345 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 4.64 ​ $ 4.59 ​ $ 2.29 Income from discontinued operations ​ ​ — ​ ​ 0.43 ​ ​ 0.15 ​ ​ $ 4.64 ​ $ 5.02 ​ $ 2.44 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 374,495 ​ $ 409,440 ​ $ 211,301 Income from discontinued operations ​ ​ — ​ ​ 38,396 ​ ​ 13,990 Income attributable to Hilltop ​ $ 374,495 ​ $ 447,836 ​ $ 225,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 80,708 ​ 89,280 ​ 92,345 Effect of potentially dilutive securities ​ 465 ​ 24 ​ 49 Weighted average shares outstanding - diluted ​ 81,173 ​ 89,304 ​ 92,394 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ​ $ 4.61 ​ $ 4.58 ​ $ 2.29 Income from discontinued operations ​ ​ — ​ ​ 0.43 ​ ​ 0.15 ​ ​ $ 4.61 ​ $ 5.01 ​ $ 2.44

Financial Statements of Parent

Financial Statements of Parent (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Statements of Parent
Schedule of Condensed Combined Statements of Operations and Comprehensive Income (Loss)	The following tables present the condensed combined financial statements of the Company’s bank holding company entities, Hilltop and PCC. The tables also include the corporate activities associated with Hilltop Opportunity Partners LLC and the Hilltop Plaza Entities (in thousands). Investments in subsidiaries are determined using the equity method of accounting. ​ Condensed Combined Statements of Operations and Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2021 2020 2019 Dividends from bank subsidiaries ​ $ 295,000 ​ $ 249,771 ​ $ 143,000 ​ Dividends from nonbank subsidiaries ​ ​ 81,675 ​ ​ 56,150 ​ ​ 36,950 ​ Investment income ​ ​ 4,322 ​ ​ 4,102 ​ ​ 5,933 ​ Interest expense ​ ​ 21,561 ​ ​ 18,294 ​ ​ 11,474 ​ Other income ​ ​ 9,070 ​ ​ 45,887 ​ ​ 2,221 ​ General and administrative expense ​ 50,507 ​ 58,130 ​ 50,968 ​ Income before income taxes and equity in undistributed earnings of subsidiaries activity ​ 317,999 ​ ​ 279,486 ​ 125,662 ​ Income tax benefit ​ (14,065) ​ (13,897) ​ (12,706) ​ Equity in undistributed earnings of subsidiaries ​ 54,032 ​ 176,294 ​ 94,609 ​ Net income ​ $ 386,096 ​ $ 469,677 ​ $ 232,977 ​ Other comprehensive income (loss), net ​ ​ (27,982) ​ ​ 6,344 ​ ​ 20,046 ​ Comprehensive income ​ $ 358,114 ​ $ 476,021 ​ $ 253,023 ​
Schedule of Condensed Combined Balance Sheets	Condensed Combined Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 2019 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 531,260 ​ $ 478,826 ​ $ 116,471 Investment in subsidiaries: ​ ​ ​ ​ ​ ​ ​ ​ Bank subsidiaries ​ ​ 1,721,780 ​ 1,654,249 ​ 1,523,549 Nonbank subsidiaries ​ ​ 409,835 ​ 453,847 ​ 533,844 Other assets ​ 277,795 ​ 236,452 ​ 219,740 Total assets ​ $ 2,940,670 ​ $ 2,823,374 ​ $ 2,393,604 Liabilities and Stockholders’ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses ​ $ 25,762 ​ $ 64,635 ​ $ 53,418 Notes payable ​ 369,618 ​ 412,764 ​ 215,780 Stockholders’ equity ​ 2,545,290 ​ 2,345,975 ​ 2,124,406 Total liabilities and stockholders’ equity ​ $ 2,940,670 ​ $ 2,823,374 ​ $ 2,393,604
Schedule of Condensed Combined Statements of Cash Flows	​ Condensed Combined Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 2019 Operating Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 386,096 ​ $ 469,677 ​ $ 232,977 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ (54,032) ​ (176,294) ​ (94,609) Net realized gains on equity investments ​ (926) ​ — ​ — Net realized gains on disposal of discontinued operations ​ ​ — ​ (41,901) ​ ​ — Deferred income taxes ​ (3,049) ​ 4,432 ​ (123) Other, net ​ 14,725 ​ 37,465 ​ 44,943 Net cash provided by operating activities ​ 342,814 ​ 293,379 ​ 183,188 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Advancement to nonbank subsidiaries ​ ​ (75,000) ​ ​ — ​ ​ — Repayment of advances to/investments in nonbank subsidiaries ​ ​ 5,762 ​ ​ — ​ ​ — Purchases of equity investments ​ ​ — ​ (29,365) ​ — Purchases of premises and equipment and other ​ (2,154) ​ (12,547) ​ (17,302) Proceeds from sales of equity investments ​ ​ 12,292 ​ ​ — ​ ​ — Proceeds from sale of discontinued operations ​ ​ — ​ ​ 154,963 ​ ​ — Net cash provided by (used in) investing activities ​ (59,100) ​ 113,051 ​ (17,302) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Payments to repurchase common stock ​ ​ (123,631) ​ ​ (208,664) ​ ​ (73,385) Proceeds from issuance of notes payable ​ ​ — ​ ​ 196,657 ​ ​ — Payments on junior subordinated debentures ​ ​ (67,012) ​ ​ — ​ ​ — Dividends paid on common stock ​ ​ (38,978) ​ ​ (32,524) ​ ​ (29,627) Net cash contributed from (to) noncontrolling interest ​ ​ (909) ​ ​ 825 ​ ​ 100 Other, net ​ ​ (750) ​ ​ (369) ​ ​ (908) Net cash used in financing activities ​ (231,280) ​ (44,075) ​ (103,820) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ​ 52,434 ​ 362,355 ​ 62,066 Cash and cash equivalents, beginning of year ​ 478,826 ​ 116,471 ​ ​ 54,405 Cash and cash equivalents, end of year ​ $ 531,260 ​ $ 478,826 ​ $ 116,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selected Quarterly Financial _2

Selected Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2021
Selected Quarterly Financial Information (Unaudited)
Schedule of quarterly financial information	Selected quarterly financial information is summarized as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 123,054 ​ $ 125,178 ​ $ 134,818 ​ $ 146,923 ​ $ 529,973 Interest expense ​ 18,760 ​ 20,088 ​ 26,902 ​ 41,241 ​ 106,991 Net interest income ​ 104,294 ​ 105,090 ​ 107,916 ​ 105,682 ​ 422,982 Provision for (reversal of) credit losses ​ (18,565) ​ (5,819) ​ (28,720) ​ (5,109) ​ (58,213) Noninterest income ​ 284,846 ​ 367,945 ​ 339,899 ​ 417,585 ​ 1,410,275 Noninterest expense ​ 322,194 ​ 355,174 ​ 343,368 ​ 366,662 ​ 1,387,398 Income from continuing operations before income taxes ​ 85,511 ​ 123,680 ​ 133,167 ​ 161,714 ​ 504,072 Income tax expense ​ 20,715 ​ 28,257 ​ 31,234 ​ 37,770 ​ 117,976 Income from continuing operations ​ ​ 64,796 ​ ​ 95,423 ​ ​ 101,933 ​ ​ 123,944 ​ ​ 386,096 Income from discontinued operations, net of income taxes ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Net income ​ 64,796 ​ 95,423 ​ 101,933 ​ 123,944 ​ 386,096 Less: Net income attributable to noncontrolling interest ​ 2,612 ​ 2,517 ​ 2,873 ​ 3,599 ​ 11,601 Income attributable to Hilltop ​ $ 62,184 ​ $ 92,906 ​ $ 99,060 ​ $ 120,345 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 0.79 ​ $ 1.16 ​ $ 1.21 ​ $ 1.46 ​ $ 4.64 Earnings from discontinued operations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 0.79 ​ $ 1.16 ​ $ 1.21 ​ $ 1.46 ​ $ 4.64 Diluted: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 0.78 ​ $ 1.15 ​ $ 1.21 ​ $ 1.46 ​ $ 4.61 Earnings from discontinued operations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 0.78 ​ $ 1.15 ​ $ 1.21 ​ $ 1.46 ​ $ 4.61 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.12 ​ $ 0.12 ​ $ 0.12 ​ $ 0.12 ​ $ 0.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 136,861 ​ $ 129,828 ​ $ 134,931 ​ $ 144,875 ​ $ 546,495 Interest expense ​ 29,489 ​ 27,928 ​ 30,373 ​ 34,539 ​ 122,329 Net interest income ​ 107,372 ​ 101,900 ​ 104,558 ​ 110,336 ​ 424,166 Provision for (reversal of) credit losses ​ (3,482) ​ (602) ​ 66,026 ​ 34,549 ​ 96,491 Noninterest income ​ 447,931 ​ 502,711 ​ 468,125 ​ 271,713 ​ 1,690,480 Noninterest expense ​ 402,348 ​ 399,345 ​ 370,209 ​ 281,901 ​ 1,453,803 Income from continuing operations before income taxes ​ 156,437 ​ 205,868 ​ 136,448 ​ 65,599 ​ 564,352 Income tax expense ​ 39,295 ​ 46,820 ​ 31,808 ​ 15,148 ​ 133,071 Income from continuing operations ​ ​ 117,142 ​ ​ 159,048 ​ ​ 104,640 ​ ​ 50,451 ​ ​ 431,281 Income from discontinued operations, net of income taxes ​ ​ 3,734 ​ ​ 736 ​ ​ 30,775 ​ ​ 3,151 ​ ​ 38,396 Net income ​ 120,876 ​ 159,784 ​ 135,415 ​ 53,602 ​ 469,677 Less: Net income attributable to noncontrolling interest ​ 4,431 ​ 6,505 ​ 6,939 ​ 3,966 ​ 21,841 Income attributable to Hilltop ​ $ 116,445 ​ $ 153,279 ​ $ 128,476 ​ $ 49,636 ​ $ 447,836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 1.31 ​ $ 1.69 ​ $ 1.08 ​ $ 0.51 ​ $ 4.59 Earnings from discontinued operations ​ ​ 0.04 ​ ​ 0.01 ​ ​ 0.34 ​ ​ 0.04 ​ ​ 0.43 ​ ​ $ 1.35 ​ $ 1.70 ​ $ 1.42 ​ $ 0.55 ​ $ 5.02 Diluted: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings from continuing operations ​ $ 1.30 ​ $ 1.69 ​ $ 1.08 ​ $ 0.51 ​ $ 4.58 Earnings from discontinued operations ​ ​ 0.05 ​ ​ 0.01 ​ ​ 0.34 ​ ​ 0.04 ​ ​ 0.43 ​ ​ $ 1.35 ​ $ 1.70 ​ $ 1.42 ​ $ 0.55 ​ $ 5.01 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.09 ​ $ 0.09 ​ $ 0.09 ​ $ 0.09 ​ $ 0.36

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details) $ in Millions	Jun. 30, 2020USD ($)	Dec. 31, 2021item
Basis of Presentation
Number of primary business units | item		2
Appraisal on file period to determine if reserve is required on 1-4 family residential loans		2 years
Period Delinquent Consumer Loans Written Off		90 days
Minimum
Basis of Presentation
Economic forecast variables period		1 year
Maximum
Basis of Presentation
Economic forecast variables period		4 years
NLC | Discontinued Operations, Disposed of by sale
Basis of Presentation
Cash proceeds from sale | $	$ 154.1
PCC
Basis of Presentation
Ownership percentage		100.00%
Securities Holdings
Basis of Presentation
Membership 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%
PCC | Plains Capital Bank
Basis of Presentation
Ownership percentage		100.00%
PCC | Hilltop Opportunity Partners LLC
Basis of Presentation
Membership ownership percentage		100.00%
PCC | PCC Statutory Trusts
Basis of Presentation
Ownership percentage		100.00%
Plains Capital Bank | Prime Lending
Basis of Presentation
Ownership percentage		100.00%
Prime Lending | Prime Lending Ventures Management LLC
Basis of Presentation
Membership ownership percentage		100.00%
Hilltop Investments I, LLC | Hillcrest Land LLC
Basis of Presentation
Membership ownership percentage		50.00%

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Loans (Details) - Single Family Residential Loans	12 Months Ended
	Dec. 31, 2021
Minimum
Loans Held for Sale
Loans held-for-sale, period reported on balance sheet	30 days
Maximum
Loans Held for Sale
Loans held-for-sale, period reported on balance sheet	45 days

Summary of Significant Accoun_5

Summary of Significant Accounting and Reporting Policies - Premises and Equipment (Details) - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Minimum
Premises and Equipment
Estimated useful lives	3 years
Maximum
Premises and Equipment
Estimated useful lives	25 years

Summary of Significant Accoun_6

Summary of Significant Accounting and Reporting Policies - Other Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 22, 2015	May 22, 2015USD ($)	Apr. 09, 2015USD ($)
Broker-Dealer
Debt Instrument
Number of primary lines of business | item	4
Banking
Debt Instrument
Number of primary lines of business | item	3
Interest Expense
Debt Instrument
Debt issuance costs amortized | $	$ 0.4	$ 0.3	$ 0.2
Senior exchangeable notes 7.50 percent due 2025 | Private Placement
Debt Instrument
Capitalized debt issuance costs | $					$ 3.2	$ 1.9
Senior Notes due April 2025
Debt Instrument
Interest rate (as a percent)				5.00%
Senior Notes due April 2025 | Private Placement
Debt Instrument
Interest rate (as a percent)						5.00%

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Disposed of by sale - NLC - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2020
Discontinued Operations
Cash proceeds from sale	$ 154,100
Net gains on disposal of discontinued operations		$ 36,811
Transaction cost		$ 5,100

Discontinued Operations - Opera

Discontinued Operations - Operations (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Discontinued Operations
Income from discontinued operations before income taxes					$ 0	$ 38,900	$ 17,600
Income from discontinued operations, net of income taxes	$ 3,734	$ 736	$ 30,775	$ 3,151		38,396	13,990
Discontinued Operations, Disposed of by sale | NLC
Discontinued Operations
Securities: Taxable						1,752	3,611
Other						71	522
Total interest income						1,823	4,133
Interest expense - notes payable						775	1,806
Net insurance premiums earned						65,077	132,284
Other						3,051	10,915
Total noninterest income						68,128	143,199
Employees' compensation and benefits						6,002	11,663
Occupancy and equipment, net						464	991
Professional services						18,201	35,528
Loss and loss adjustment expenses						38,419	68,940
Other						3,987	10,796
Total noninterest expense						67,073	127,918
Income from discontinued operations before income taxes						2,103	17,608
Gain on disposal of discontinued operations						36,811
Income tax expense						518	3,618
Income from discontinued operations, net of income taxes						$ 38,396	$ 13,990

Discontinued Operations - Effec

Discontinued Operations - Effects of Reinsurance (Details) - NLC - Discontinued Operations, Disposed of by sale - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Written
Premiums from direct business	$ 63,811	$ 125,157
Reinsurance assumed	6,396	13,148
Reinsurance ceded	(2,759)	(7,191)
Net premiums	67,448	131,114
Earned
Premiums from direct business	61,384	126,434
Reinsurance assumed	6,452	13,041
Reinsurance ceded	(2,759)	(7,191)
Net premiums	65,077	132,284
Effect of reinsurance on incurred losses
Losses and LAE incurred	38,225	68,130
Reinsurance recoverables	194	810
Net loss and LAE incurred	$ 38,419	$ 68,940

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair value measurements
Mortgage loans held for sale, fair value	$ 1,780	$ 2,520
Mortgage loans held for sale, unpaid principal balance	$ 1,730	$ 2,410
Maximum | Mortgage Loan Held For Sale
Fair value measurements
Loans Held for Sale Period of Time	30 days

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Trading securities	$ 647,998	$ 694,255
Available for sale securities	2,130,568	1,462,205
Equity securities	250	140
MSR asset	86,990	143,742
Financial liabilities:
Securities sold, not yet purchased	96,586	79,789
Recurring
Financial assets:
Trading securities	647,998	694,255
Available for sale securities	2,130,568	1,462,205
Equity securities	250	140
Loans held for sale	1,782,591	2,521,404
Derivative assets	48,122	126,898
MSR asset	86,990	143,742
Financial liabilities:
Securities sold, not yet purchased	96,586	79,789
Derivative liabilities	21,816	74,598
Recurring | Level 1
Financial assets:
Trading securities	8,628	45,390
Equity securities	250	140
Financial liabilities:
Securities sold, not yet purchased	45,973	54,494
Recurring | Level 2
Financial assets:
Trading securities	639,370	648,865
Available for sale securities	2,130,568	1,462,205
Loans held for sale	1,734,875	2,449,588
Derivative assets	48,122	126,898
Financial liabilities:
Securities sold, not yet purchased	50,613	25,295
Derivative liabilities	21,816	74,598
Recurring | Level 3
Financial assets:
Loans held for sale	47,716	71,816
MSR asset	$ 86,990	$ 143,742

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 215,558	$ 122,699	$ 116,566
Purchases/Additions	134,913	224,324	74,230
Sales/Reductions	(218,724)	(94,432)	(34,849)
Transfers to (from) Level 3	(4,139)	10,323	1,136
Total gains or losses (realized or unrealized):
Included in Net Income	7,098	(47,356)	(34,384)
Asset balance, end of period	134,706	215,558	122,699
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	71,816	67,195	50,464
Purchases/Additions	56,480	61,410	60,475
Sales/Reductions	(76,166)	(57,682)	(34,849)
Transfers to (from) Level 3	(4,139)	10,323	1,136
Total gains or losses (realized or unrealized):
Included in Net Income	(275)	(9,430)	(10,031)
Asset balance, end of period	47,716	71,816	67,195
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	143,742	55,504	66,102
Purchases/Additions	78,433	162,914	13,755
Sales/Reductions	(142,558)	(36,750)
Total gains or losses (realized or unrealized):
Included in Net Income	7,373	(37,926)	(24,353)
Asset balance, end of period	$ 86,990	$ 143,742	$ 55,504

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Dec. 31, 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]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
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	0.94	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
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	0.1002	0.1215
MSR asset | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1432	0.1460

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Transfers Between Level 1 and Level 2
Transfers of assets from level 1 to level 2	$ 0	$ 0	$ 0
Transfers of assets from level 2 to level 1	0	0	0
Transfers of liabilities from level 1 to level 2	0	0	0
Transfers of liabilities from level 2 to level 1	0	0	0
Fair Value Option
Net Gains (Losses)	825,960	1,001,059	504,935
Other Noninterest Income	128,034	243,605	186,350
Loans Held for Sale
Fair Value Option
Net Gains (Losses)	(55,442)	52,296	12,775
Total Changes in Fair Value	(55,442)	52,296	12,775
MSR asset
Fair Value Option
Net Gains (Losses)	7,373	(37,926)	(24,353)
Total Changes in Fair Value	$ 7,373	$ (37,926)	$ (24,353)

Fair Value Measurements - OREO

Fair Value Measurements - OREO (Details) - Nonrecurring - Estimate of Fair Value - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value
Total losses of other real estate owned	$ 1.2	$ 4.4	$ 1.4
Level 2 | Other Assets
Fair Value
Other real estate owned	$ 2.8	$ 21.3

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Held to maturity securities	$ 276,296	$ 326,671
Loans held for investment, net	7,788,552	7,544,097
Broker-dealer and clearing organization receivables	1,672,946	1,404,727
Financial liabilities:
Broker-dealer and clearing organization payables	1,477,300	1,368,373
Carrying Amount
Financial assets:
Cash and cash equivalents	2,823,523	1,062,946
Assets segregated for regulatory purposes	221,740	290,357
Securities purchased under agreements to resell	118,262	80,319
Held to maturity securities	267,684	311,944
Loans held for sale	95,599	266,982
Loans held for investment, net	7,788,552	7,544,097
Broker-dealer and clearing organization receivables	1,672,946	1,404,727
Other assets	73,041	74,881
Financial liabilities:
Deposits	12,818,077	11,242,319
Broker-dealer and clearing organization payables	1,477,300	1,368,373
Short-term borrowings	859,444	695,798
Debt	387,904	448,999
Other liabilities	3,944	6,133
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	2,823,523	1,062,946
Assets segregated for regulatory purposes	221,740	290,357
Securities purchased under agreements to resell	118,262	80,319
Held to maturity securities	276,296	326,671
Loans held for sale	95,599	266,982
Loans held for investment, net	7,999,925	7,788,418
Broker-dealer and clearing organization receivables	1,672,946	1,404,727
Other assets	73,041	74,881
Financial liabilities:
Deposits	12,821,138	11,256,629
Broker-dealer and clearing organization payables	1,477,300	1,368,373
Short-term borrowings	859,444	695,798
Debt	387,904	448,999
Other liabilities	3,944	6,133
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	2,823,523	1,062,946
Assets segregated for regulatory purposes	221,740	290,357
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	118,262	80,319
Held to maturity securities	276,296	326,671
Loans held for sale	95,599	266,982
Loans held for investment, net	733,193	437,007
Broker-dealer and clearing organization receivables	1,672,946	1,404,727
Other assets	71,290	73,111
Financial liabilities:
Deposits	12,821,138	11,256,629
Broker-dealer and clearing organization payables	1,477,300	1,368,373
Short-term borrowings	859,444	695,798
Debt	387,904	448,999
Other liabilities	3,944	6,133
Estimate of Fair Value | Level 3
Financial assets:
Loans held for investment, net	7,266,732	7,351,411
Other assets	$ 1,751	$ 1,770

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 22,844	$ 19,771
Additional investments		500
Upward adjustments	6,411	4,188
Impairments and downward adjustments	(1,072)	(1,615)
Dispositions	(11,366)
Balance, end of period	16,817	22,844
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 54,000	$ 63,600

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of fair value of trading securities
Debt Securities, Trading	$ 647,998	$ 694,255
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	96,586	79,789
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	3,728	40,491
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	3,410	40
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	152,093	336,081
Commercial Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	126,389	876
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading		69,172
Corporate Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	60,671	62,481
US States and Political Subdivisions Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	285,376	171,573
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	11,377	8,571
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 4,954	$ 4,970

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Available for sale
Amortized cost	$ 2,148,635	$ 1,435,919
Unrealized Gains	13,570	28,586
Unrealized Losses	(31,637)	(2,300)
Fair Value	2,130,568	1,462,205
Held to maturity
Amortized cost	267,684	311,944
Unrealized Gains	8,615	14,727
Unrealized Losses	(3)
Held to maturity, fair value	276,296	326,671
Equity Securities
Unrealized net gains from equity securities	200	100
Equity, at fair value	250	140
Recognized net gain (loss) on equity securities	100
US Treasury Securities
Available for sale
Amortized cost	14,937
Unrealized Losses	(75)
Fair Value	14,862
Bonds
Available for sale
Amortized cost	43,448	82,036
Unrealized Gains	838	1,095
Unrealized Losses	(153)	(325)
Fair Value	44,133	82,806
Residential Mortgage Backed Securities
Available for sale
Amortized cost	900,084	624,863
Unrealized Gains	7,979	17,194
Unrealized Losses	(9,617)	(446)
Fair Value	898,446	641,611
Held to maturity
Amortized cost	9,892	13,547
Unrealized Gains	400	708
Held to maturity, fair value	10,292	14,255
Commercial Mortgage Backed Securities
Available for sale
Amortized cost	219,460	124,929
Unrealized Gains	367	768
Unrealized Losses	(9,128)	(1,159)
Fair Value	210,699	124,538
Held to maturity
Amortized cost	145,742	152,820
Unrealized Gains	5,311	9,205
Held to maturity, fair value	151,053	162,025
Collateralized Mortgage Obligations
Available for sale
Amortized cost	926,783	559,362
Unrealized Gains	2,547	6,916
Unrealized Losses	(12,464)	(370)
Fair Value	916,866	565,908
Held to maturity
Amortized cost	43,990	74,932
Unrealized Gains	476	2,036
Held to maturity, fair value	44,466	76,968
US States and Political Subdivisions Debt Securities
Available for sale
Amortized cost	43,923	44,729
Unrealized Gains	1,839	2,613
Unrealized Losses	(200)
Fair Value	45,562	47,342
Held to maturity
Amortized cost	68,060	70,645
Unrealized Gains	2,428	2,778
Unrealized Losses	(3)
Held to maturity, fair value	$ 70,485	$ 73,423

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	147	43
Unrealized loss for twelve months or longer | item	42	5
Total | item	189	48
Fair Value
Unrealized loss for less than twelve months	$ 1,262,834	$ 353,961
Unrealized loss for twelve months or longer	311,828	13,611
Total	1,574,662	367,572
Unrealized Loss
Unrealized loss for less than twelve months	20,376	2,254
Unrealized loss for twelve months or longer	11,261	46
Total	$ 31,637	$ 2,300
US Treasury Securities
Number of Securities
Unrealized loss for less than twelve months | item	2
Total | item	2
Fair Value
Unrealized loss for less than twelve months	$ 14,862
Total	14,862
Unrealized Loss
Unrealized loss for less than twelve months	75
Total	$ 75
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	2	8
Unrealized loss for twelve months or longer | item	1
Total | item	3	8
Fair Value
Unrealized loss for less than twelve months	$ 9,904	$ 60,298
Unrealized loss for twelve months or longer	6,184
Total	16,088	60,298
Unrealized Loss
Unrealized loss for less than twelve months	94	325
Unrealized loss for twelve months or longer	59
Total	$ 153	$ 325
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	52	15
Unrealized loss for twelve months or longer | item	17
Total | item	69	15
Fair Value
Unrealized loss for less than twelve months	$ 548,392	$ 86,287
Unrealized loss for twelve months or longer	104,378
Total	652,770	86,287
Unrealized Loss
Unrealized loss for less than twelve months	6,915	429
Unrealized loss for twelve months or longer	2,702
Total	$ 9,617	$ 429
Commercial Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	5	10
Unrealized loss for twelve months or longer | item	14
Total | item	19	10
Fair Value
Unrealized loss for less than twelve months	$ 65,636	$ 105,386
Unrealized loss for twelve months or longer	138,619
Total	204,255	105,386
Unrealized Loss
Unrealized loss for less than twelve months	1,776	1,176
Unrealized loss for twelve months or longer	7,352
Total	$ 9,128	$ 1,176
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	72	10
Unrealized loss for twelve months or longer | item	10	5
Total | item	82	15
Fair Value
Unrealized loss for less than twelve months	$ 618,464	$ 101,990
Unrealized loss for twelve months or longer	62,647	13,611
Total	681,111	115,601
Unrealized Loss
Unrealized loss for less than twelve months	11,316	324
Unrealized loss for twelve months or longer	1,148	46
Total	$ 12,464	$ 370
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	14
Total | item	14
Fair Value
Unrealized loss for less than twelve months	$ 5,576
Total	5,576
Unrealized Loss
Unrealized loss for less than twelve months	200
Total	$ 200

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)item
Number of Securities
Unrealized loss for less than twelve months | item	2	2
Unrealized loss for twelve months or longer | item	1
Total | item	3	2
Fair Value
Unrealized loss for less than twelve months	$ 558	$ 578
Unrealized loss for twelve months or longer	266
Total	824	$ 578
Unrealized Losses
Unrealized loss for less than twelve months	1
Unrealized loss for twelve months or longer	2
Total	$ 3
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	2	2
Unrealized loss for twelve months or longer | item	1
Total | item	3	2
Fair Value
Unrealized loss for less than twelve months	$ 558	$ 578
Unrealized loss for twelve months or longer	266
Total	824	$ 578
Unrealized Losses
Unrealized loss for less than twelve months	1
Unrealized loss for twelve months or longer	2
Total	$ 3

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 11,837
Due after one year through five years	36,068
Due after five years through ten years	13,852
Due after ten years	40,551
Total	102,308
Amortized cost	2,148,635	$ 1,435,919
AFS, Fair Value, Rolling Maturity
Due in one year or less	11,853
Due after one year through five years	36,781
Due after five years through ten years	14,424
Due after ten years	41,499
Total	104,557
Fair Value	2,130,568	1,462,205
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	900,084
Amortized cost	900,084	624,863
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	898,446
Fair Value	898,446	641,611
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	926,783
Amortized cost	926,783	559,362
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	916,866
Fair Value	916,866	565,908
Commercial Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	219,460
Amortized cost	219,460	124,929
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	210,699
Fair Value	$ 210,699	$ 124,538

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 678
Due after one year through five years	1,176
Due after five years through ten years	14,091
Due after ten years	52,115
Total	68,060
Amortized cost	267,684	$ 311,944
HTM, Fair Value, Rolling Maturities
Due in one year or less	683
Due after one year through five years	1,192
Due after five years through ten years	14,617
Due after ten years	53,993
Total	70,485
Fair Value	276,296	326,671
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	9,892
Amortized cost	9,892	13,547
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	10,292
Fair Value	10,292	14,255
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	43,990
Amortized cost	43,990	74,932
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	44,466
Fair Value	44,466	76,968
Commercial Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	145,742
Amortized cost	145,742	152,820
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	151,053
Fair Value	$ 151,053	$ 162,025

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Securities
Realized net gains (losses) from trading securities portfolio	$ 26.4	$ 122	$ 20.5
Realized net gains (losses) from other securities	(0.1)	0.2	(2.5)
Carrying amount of securities pledged	809.9	712.3
Fair value of securities pledged	817.7	733.8
Hilltop Broker-Dealers
Securities
Realized net gains (losses) from trading securities portfolio	$ 68.7	$ 77.1	$ 132.7

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans
Total loans	$ 7,879,904	$ 7,693,141
Allowance for loan losses	(91,352)	(149,044)	$ (61,136)	$ (59,486)
Loans held for investment, net	7,788,552	7,544,097
Commercial real estate
Loans
Total loans	3,042,729	3,133,903
Allowance for loan losses	(59,354)	(109,629)	(31,595)	(27,100)
Commercial and industrial
Loans
Total loans	1,875,420	2,627,774
Allowance for loan losses	(21,982)	(27,703)	(17,964)	(21,980)
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Loans
Total loans	77,700	486,700
Construction and Land Development
Loans
Total loans	892,783	828,852
Allowance for loan losses	(4,674)	(6,677)	(4,878)	(6,061)
1 - 4 family residential
Loans
Total loans	1,303,430	629,938
Allowance for loan losses	(4,589)	(3,946)	(6,386)	(3,956)
Consumer
Loans
Total loans	32,349	35,667
Allowance for loan losses	(578)	(876)	(265)	(267)
Broker-dealer
Loans
Total loans	733,193	437,007
Allowance for loan losses	$ (175)	$ (213)	$ (48)	$ (122)

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Non-accrual loans
Non-accrual Loans With Allowance	$ 20,934	$ 20,363
Non-accrual Loans With No Allowance	26,378	46,731
Non-accrual loans	47,312	67,094
Interest Income Recognized	7,414	5,821	$ 1,593
Decrease in non-accrual status loans	19,800
Commercial real estate
Non-accrual loans
Decrease in non-accrual status loans	5,100
Commercial real estate | Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	413	1,213
Non-accrual Loans With No Allowance	1,853	445
Non-accrual loans	2,266	1,658
Interest Income Recognized	378	1,364
Commercial real estate | Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	3,058	3,473
Non-accrual Loans With No Allowance	1,277	6,002
Non-accrual loans	4,335	9,475
Interest Income Recognized	648	295	37
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	16,536	10,821
Non-accrual Loans With No Allowance	5,942	23,228
Non-accrual loans	22,478	34,049
Interest Income Recognized	2,585	2,362	1,261
Decrease in non-accrual status loans	11,600
Construction and Land Development
Non-accrual loans
Non-accrual Loans With Allowance	2	102
Non-accrual Loans With No Allowance		405
Non-accrual loans	2	507
Interest Income Recognized	202	110	250
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	902	4,726
Non-accrual Loans With No Allowance	17,306	16,651
Non-accrual loans	18,208	21,377
Interest Income Recognized	3,721	1,568	$ 45
Decrease in non-accrual status loans	3,200
1 - 4 family residential | Secured by Residential Properties [Member]
Non-accrual loans
Non-accrual loans held for sale	2,900	10,900
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	23	28
Non-accrual loans	23	28
Interest Income Recognized	$ (120)	$ 122

Loans Held for Investment - TDR

Loans Held for Investment - TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
TDRs, Non-covered loans
COVID-19 related loan modifications	$ 16,000	$ 1,000,000
COVID-19 loans modified and in deferral period	$ 4,000
Number of TDR loans granted | loan	1	8	4
TDR at extension	$ 725	$ 9,902	$ 9,618
TDR modifications, end of period	$ 713	$ 4,554	$ 8,566
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan	0	0	0
AB Note | Minimum | Plains Capital Bank
TDRs, Non-covered loans
Number of loans into which a single loan may be reconfigured | loan	2
Commercial real estate | Owner occupied | Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan	1
TDR at extension	$ 725
TDR modifications, end of period	$ 713
Commercial and industrial | Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan		3	4
TDR at extension		$ 9,464	$ 9,618
TDR modifications, end of period		$ 4,116	$ 8,566
1 - 4 family residential | Payment Term Extension
TDRs, Non-covered loans
Number of TDR loans granted | loan		5
TDR at extension		$ 438
TDR modifications, end of period		$ 438

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 6,656,992
Total loans	7,879,904	$ 7,693,141
Accruing Loans Past Due 90 Days or More	101	6
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10,477	13,529
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,725	4,092
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	21,950	28,291
Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	36,152	45,912
Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,843,752	7,647,229
Prime Lending
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Repurchase under a forbearance agreement	20,200
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	60,700	243,600
Unpaid principal balance loans past due 90 days or more	61,700	245,500
Commercial real estate
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	3,042,729	3,133,903
Commercial real estate | Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	1,729,699	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
Loans	117	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
Loans	1,173	199
Commercial real estate | Non-owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,290	2,118
Commercial real estate | Non-owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,728,409	1,786,193
Commercial real estate | Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	1,313,030	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
Loans	590	195
Commercial real estate | Owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	688	522
Commercial real estate | Owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,273	8,328
Commercial real estate | Owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,551	9,045
Commercial real estate | Owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,309,479	1,336,547
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	1,875,420	2,627,774
Accruing Loans Past Due 90 Days or More	1	6
Commercial and industrial | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,059	3,114
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	277	407
Commercial and industrial | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	13,640	7,318
Commercial and industrial | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	14,976	10,839
Commercial and industrial | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,860,444	2,616,935
Construction and Land Development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	892,783	828,852
Construction and Land Development | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	946	19
Construction and Land Development | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	946	19
Construction and Land Development | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	891,837	828,833
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	1,303,430	629,938
Accruing Loans Past Due 90 Days or More	100
1 - 4 family residential | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,642	8,110
1 - 4 family residential | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,738	3,040
1 - 4 family residential | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,842	12,420
1 - 4 family residential | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	15,222	23,570
1 - 4 family residential | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,288,208	606,368
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Total loans	32,349	35,667
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	123	172
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	22	123
Consumer | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	22	26
Consumer | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	167	321
Consumer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	32,182	35,346
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	733,193
Total loans	733,193	437,007
Broker-dealer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 733,193	$ 437,007

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Internal risk grades of non-covered loans
2021	$ 2,719,537
2020	1,251,580
2019	674,565
2018	464,065
2017	241,191
2016 and Prior	497,131
Revolving	808,923
Total loans with credit quality measures	6,656,992
Total loans	7,879,904	$ 7,693,141
Commercial real estate
Internal risk grades of non-covered loans
Total loans	3,042,729	3,133,903
Commercial real estate | Non-owner occupied
Internal risk grades of non-covered loans
Total loans	1,729,699	1,788,311
Commercial real estate | Non-owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	19,510
2020	12,027
2019	23,994
2018	8,983
2017	1,369
2016 and Prior	10,407
Revolving	(2)
Total loans with credit quality measures	76,288
Commercial real estate | Non-owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	299,960
2020	162,441
2019	103,841
2018	43,841
2017	39,559
2016 and Prior	51,125
Revolving	59,263
Total loans with credit quality measures	760,030
Commercial real estate | Non-owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	218,256
2020	209,652
2019	113,089
2018	84,631
2017	52,260
2016 and Prior	110,736
Revolving	866
Total loans with credit quality measures	789,490
Commercial real estate | Non-owner occupied | Special Mention
Internal risk grades of non-covered loans
2019	3,130
Total loans with credit quality measures	3,130
Commercial real estate | Non-owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	39,325
2020	7,382
2019	13,863
2018	16,337
2017	6,898
2016 and Prior	14,690
Total loans with credit quality measures	98,495
Commercial real estate | Non-owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	412
2016 and Prior	1,854
Total loans with credit quality measures	2,266
Commercial real estate | Owner occupied
Internal risk grades of non-covered loans
Total loans	1,313,030	1,345,592
Commercial real estate | Owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	109,381
2020	51,173
2019	17,226
2018	25,929
2017	30,866
2016 and Prior	37,433
Revolving	753
Total loans with credit quality measures	272,761
Commercial real estate | Owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	202,416
2020	124,524
2019	114,361
2018	87,591
2017	22,985
2016 and Prior	72,113
Revolving	15,326
Total loans with credit quality measures	639,316
Commercial real estate | Owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	84,696
2020	103,483
2019	47,881
2018	76,145
2017	16,002
2016 and Prior	26,707
Revolving	859
Total loans with credit quality measures	355,773
Commercial real estate | Owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	1,040
2020	9,309
2019	1,959
2018	10,460
2017	6,747
2016 and Prior	11,330
Total loans with credit quality measures	40,845
Commercial real estate | Owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	1,561
2019	(3)
2018	345
2017	2,270
2016 and Prior	162
Total loans with credit quality measures	4,335
Commercial and industrial
Internal risk grades of non-covered loans
Total loans	1,875,420	2,627,774
Commercial and industrial | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	28,189
2020	29,971
2019	27,252
2018	6,971
2017	9,373
2016 and Prior	938
Revolving	61,599
Total loans with credit quality measures	164,293
Commercial and industrial | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	161,264
2020	84,497
2019	24,824
2018	22,193
2017	12,689
2016 and Prior	13,754
Revolving	287,625
Total loans with credit quality measures	606,846
Commercial and industrial | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	110,145
2020	74,513
2019	33,352
2018	11,794
2017	6,944
2016 and Prior	5,771
Revolving	308,878
Total loans with credit quality measures	551,397
Commercial and industrial | Special Mention
Internal risk grades of non-covered loans
Revolving	1
Total loans with credit quality measures	1
Commercial and industrial | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	2,309
2020	12,589
2019	5,406
2018	6,800
2017	3,808
2016 and Prior	3,590
Revolving	6,184
Total loans with credit quality measures	40,686
Commercial and industrial | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	2,529
2020	15,646
2019	35
2018	388
2017	413
2016 and Prior	86
Revolving	3,381
Total loans with credit quality measures	22,478
Commercial and industrial | Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Total loans with credit quality measures	411,973
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Internal risk grades of non-covered loans
Total loans with credit quality measures	77,746
Total loans	77,700	486,700
Construction and Land Development
Internal risk grades of non-covered loans
Total loans	892,783	828,852
Construction and Land Development | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	1,232
2018	1,016
Total loans with credit quality measures	2,248
Construction and Land Development | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	16,171
2020	132
Total loans with credit quality measures	16,303
Construction and Land Development | Other.
Internal risk grades of non-covered loans
2021	1,601
Total loans with credit quality measures	1,601
Construction and Land Development | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2021	19,341
2020	30,728
2019	3,119
2018	1,586
2017	233
2016 and Prior	3,071
Revolving	439
Total loans with credit quality measures	58,517
Construction and Land Development | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2021	323,767
2020	125,843
2019	25,841
2018	11,319
2017	1,930
2016 and Prior	2,154
Revolving	27,701
Total loans with credit quality measures	518,555
Construction and Land Development | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2021	170,375
2020	47,178
2019	45,067
2018	1,087
2017	418
2016 and Prior	1,904
Revolving	24,176
Total loans with credit quality measures	290,205
Construction and Land Development | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2019	28
2017	5,324
Total loans with credit quality measures	5,352
Construction and Land Development | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2016 and Prior	2
Total loans with credit quality measures	2
1 - 4 family residential
Internal risk grades of non-covered loans
Total loans	1,303,430	629,938
1 - 4 family residential | FICO Score, Less than 620
Internal risk grades of non-covered loans
2021	1,622
2020	463
2019	641
2018	3,608
2017	51
2016 and Prior	25,472
Revolving	248
Total loans with credit quality measures	32,105
1 - 4 family residential | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	7,541
2020	10,872
2019	7,376
2018	7,452
2017	4,451
2016 and Prior	29,416
Revolving	1,006
Total loans with credit quality measures	68,114
1 - 4 family residential | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	782,137
2020	125,293
2019	53,296
2018	31,249
2017	15,101
2016 and Prior	51,318
Revolving	2,821
Total loans with credit quality measures	1,061,215
1 - 4 family residential | Substandard non-accrual
Internal risk grades of non-covered loans
2020	(4)
2019	795
2018	277
2017	127
2016 and Prior	17,013
Total loans with credit quality measures	18,208
1 - 4 family residential | Other.
Internal risk grades of non-covered loans
2021	95,308
2020	9,785
2019	5,751
2018	3,606
2017	828
2016 and Prior	5,930
Revolving	2,580
Total loans with credit quality measures	123,788
Consumer
Internal risk grades of non-covered loans
Total loans	32,349	35,667
Consumer | FICO Score, Less than 620
Internal risk grades of non-covered loans
2021	1,095
2020	327
2019	394
2018	45
2017	70
2016 and Prior	47
Revolving	373
Total loans with credit quality measures	2,351
Consumer | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2021	4,421
2020	915
2019	845
2018	141
2017	429
2016 and Prior	71
Revolving	1,938
Total loans with credit quality measures	8,760
Consumer | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2021	9,528
2020	2,076
2019	854
2018	237
2017	12
2016 and Prior	15
Revolving	2,545
Total loans with credit quality measures	15,267
Consumer | Substandard non-accrual
Internal risk grades of non-covered loans
2017	22
2016 and Prior	1
Total loans with credit quality measures	23
Consumer | Other.
Internal risk grades of non-covered loans
2021	4,405
2020	765
2019	348
2018	34
2017	12
2016 and Prior	21
Revolving	363
Total loans with credit quality measures	5,948
Broker-dealer
Internal risk grades of non-covered loans
Total loans with credit quality measures	733,193
Total loans	$ 733,193	$ 437,007

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for loan losses
Available for sale debt securities past due	$ 0
Allowance for credit losses	91,352	$ 149,044	$ 61,136	$ 59,486
Increase in allowance on individually evaluated loans	100	20,200
Increase in allowance on collectively evaluated loans	(58,300)	$ 76,100
Allowance for Loan and Lease Losses Write-offs, Net	$ 500
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								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				$ 149,044				$ 61,136	$ 149,044	$ 61,136	$ 59,486
Provision for (reversal of) credit losses	$ (18,565)	$ (5,819)	$ (28,720)	(5,109)	$ (3,482)	$ (602)	$ 66,026	34,549	(58,213)	96,491	7,206
Loans Charged Off									(3,228)	(24,040)	(8,489)
Recoveries on Charged Off Loans									3,749	2,895	2,933
Balance, End of Period	91,352				149,044				91,352	149,044	61,136
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		12,562
Balance, End of Period											12,562
Commercial real estate
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				109,629				31,595	109,629	31,595	27,100
Provision for (reversal of) credit losses									(50,231)	73,865	5,649
Loans Charged Off									(310)	(4,517)	(1,160)
Recoveries on Charged Off Loans									266	613	6
Balance, End of Period	59,354				109,629				59,354	109,629	31,595
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		8,073
Balance, End of Period											8,073
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				27,703				17,964	27,703	17,964	21,980
Provision for (reversal of) credit losses									(6,128)	22,870	(921)
Loans Charged Off									(2,249)	(18,158)	(5,924)
Recoveries on Charged Off Loans									2,656	1,834	2,829
Balance, End of Period	21,982				27,703				21,982	27,703	17,964
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		3,193
Balance, End of Period											3,193
Construction and Land Development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				6,677				4,878	6,677	4,878	6,061
Provision for (reversal of) credit losses									(2,003)	1,222	(1,183)
Loans Charged Off										(2)
Recoveries on Charged Off Loans										2
Balance, End of Period	4,674				6,677				4,674	6,677	4,878
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		577
Balance, End of Period											577
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				3,946				6,386	3,946	6,386	3,956
Provision for (reversal of) credit losses									409	(1,717)	3,276
Loans Charged Off									(312)	(748)	(907)
Recoveries on Charged Off Loans									546	54	61
Balance, End of Period	4,589				3,946				4,589	3,946	6,386
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)		(29)
Balance, End of Period											(29)
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				876				265	876	265	267
Provision for (reversal of) credit losses									(222)	86	459
Loans Charged Off									(357)	(615)	(498)
Recoveries on Charged Off Loans									281	392	37
Balance, End of Period	578				876				578	876	265
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		748
Balance, End of Period											748
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				$ 213				$ 48	213	48	122
Provision for (reversal of) credit losses									(38)	165	(74)
Balance, End of Period	$ 175				$ 213				$ 175	$ 213	$ 48

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 8,388	$ 2,075	$ 2,366
Transition adjustment CECL accounting standard		3,837
Other noninterest expense	2,508	(2,476)	291
Balance, end of period	$ 5,880	8,388	2,075
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
Balance, end of period			$ 5,900

Cash and Due from Banks (Detail

Cash and Due from Banks (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and Due from Banks
Cash on hand	$ 39,981	$ 45,207
Clearings and collection items	52,405	82,396
Deposits at Federal Reserve Bank	2,692,088	874,998
Deposits at Federal Home Loan Bank	1,509	1,607
Deposits in FDIC-insured institutions	37,155	58,352
Cash and due from banks	2,823,138	1,062,560	$ 433,626
Interest-bearing deposits	$ 2,700,000	$ 878,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Premises and Equipment
Premises and equipment, gross	$ 397,547	$ 383,511
Less accumulated depreciation and amortization	(193,109)	(171,916)
Premises and equipment, net	204,438	211,595
Gross assets under finance leases	7,780	7,780
Accumulated amortization for assets under finance leases	5,358	4,768
Rental income	1,700	1,700	$ 2,700
Depreciation and amortization expense	28,400	27,900	$ 27,300
Land and Building [Member]
Premises and Equipment
Premises and equipment, gross	122,376	125,701
Furniture and Fixtures
Premises and Equipment
Premises and equipment, gross	$ 275,171	$ 257,810

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill and Other (Details) - USD ($) $ in Thousands	Aug. 01, 2018	Nov. 30, 2012	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Other Intangible Assets
Carrying amount of goodwill			$ 267,447	$ 267,447
Other intangible assets, net			$ 15,284	$ 20,364
PCC
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition		$ 227,800
BORO
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition	$ 39,600

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 85,040	$ 85,040
Accumulated Amortization	(69,756)	(64,676)
Net Intangible Assets	15,284	20,364
Amortization expense related to intangible assets	5,081	6,301	$ 7,567
Core deposits
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	48,930	48,930
Accumulated Amortization	(44,370)	(40,997)
Net Intangible Assets	$ 4,560	$ 7,933
Core deposits | Minimum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	4 years	4 years
Core deposits | Maximum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	12 years	12 years
Trademarks and trade names
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 16,500	$ 16,500
Accumulated Amortization	(8,312)	(7,563)
Net Intangible Assets	$ 8,188	$ 8,937
Estimated Useful Life	20 years	20 years
Noncompete agreements
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 4,310	$ 4,310
Accumulated Amortization	$ (4,310)	$ (4,310)
Estimated Useful Life	4 years	4 years
Customer contracts and relationships
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 15,300	$ 15,300
Accumulated Amortization	(12,764)	(11,806)
Net Intangible Assets	$ 2,536	$ 3,494
Customer contracts and relationships | Minimum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	12 years	12 years
Customer contracts and relationships | Maximum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	14 years	14 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Estimated aggregate future amortization expense for intangible assets
2022	$ 3,967
2023	2,860
2024	1,826
2025	1,028
2026	959
Thereafter	4,644
Net Intangible Assets	$ 15,284	$ 20,364

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in fair value of mortgage servicing rights
Balance, beginning of year	$ 143,742
Balance, end of year	86,990	$ 143,742
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	143,742	55,504	$ 66,102
Additions	78,433	162,914	13,755
Sales	(142,558)	(36,750)
Changes in fair value: Due to changes in model inputs or assumptions	30,525	(27,261)	(16,054)
Changes in fair value: Due to customer payoffs	(23,152)	(10,665)	(8,299)
Balance, end of year	86,990	143,742	$ 55,504
Mortgage loans serviced for others	$ 6,355,927	$ 14,643,623
MSR asset as a percentage of serviced mortgage loans	1.37%	0.98%
Mortgage servicing assets adjustment, fair value	$ 22,800
Key Assumptions
Weighted average constant prepayment rate (as a percent)	10.02%	12.15%
Weighted average discount rate (as a percent)	14.32%	14.60%
Weighted average life (in years)	7 years 1 month 6 days	6 years 3 months 18 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR asset - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (2,603)	$ (5,639)
Constant prepayment rate: Impact of 20% adverse change	(5,315)	(11,164)
Discount rate: Impact of 10% adverse change	(4,070)	(6,435)
Discount rate: Impact of 20% adverse change	(7,753)	(12,287)
Contractually specified servicing fees, late fees and ancillary fees	$ 57,700	$ 35,400	$ 25,300

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits
Noninterest-bearing demand	$ 4,577,183	$ 3,612,384
Interest-bearing:
Demand accounts	3,270,522	2,399,341
Brokered - demand	114,393	282,426
Money market	3,433,341	2,716,878
Brokered - money market	98,614	124,243
Savings	345,795	276,327
Time	962,752	1,506,435
Brokered - time	15,477	324,285
Total deposits	12,818,077	$ 11,242,319
Time deposits that meet or exceed FDIC insurance limit	443,300
Scheduled maturities of interest-bearing time deposits
2022	840,771
2023	78,265
2024	29,631
2025	11,381
2026 and thereafter	18,181
Time deposits	$ 978,229

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Short-term borrowings
Short-term borrowings	$ 859,444	$ 695,798
Federal funds purchased
Short-term borrowings
Short-term borrowings	171,925	180,325
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	191,547	237,856
Federal Home Loan Bank
Short-term borrowings
Average balance during the period		$ 38,634	$ 329,356
Average interest rate during the period		1.63%	2.16%
Maximum month-end balance during the year		$ 150,000	$ 700,000
Amount of available collateral	$ 4,200,000
Federal Home Loan Bank | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short-term bank loans
Short-term borrowings
Short-term borrowings	$ 142,000
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%	0.00%
Commercial paper
Short-term borrowings
Short-term borrowings	$ 353,972	$ 277,617
Number of commercial paper programs initiated | item	2
Weighted average interest rate on short-term bank loan borrowings (as a percent)	0.99%
Weighted average remaining life	66 days
Debt instrument, collateral	$ 384,700
Commercial paper | Minimum
Short-term borrowings
Maturity term of debt			14 days
Commercial paper | Maximum
Short-term borrowings
Maturity term of debt			270 days
Commercial paper | Weighted average
Short-term borrowings
Maturity term of debt	141 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	$ 363,964	$ 509,577	$ 605,858
Average interest rate during the period	0.34%	0.89%	2.48%
Maximum month-end balance during the year	$ 427,553	$ 714,507	$ 693,750
Average interest rate at end of period (as a percent)	0.31%	0.25%
Securities underlying the agreements at end of period: Carrying value	$ 191,483	$ 237,913
Securities underlying the agreements at end of period: Estimated fair value	$ 205,734	$ 262,554
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | Minimum
Short-term borrowings
Maturity term of debt	1 day
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | Maximum
Short-term borrowings
Maturity term of debt	90 days

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	May 07, 2020	Jun. 22, 2015	Apr. 09, 2015	Dec. 31, 2021	Dec. 31, 2020	Apr. 28, 2015
Debt Instrument
Notes payable				$ 387,904	$ 381,987
Series B Preferred Stock
Debt Instrument
Aggregate liquidation value						$ 114,100
Unpaid dividend						$ 400
Senior Notes due April 2025
Debt Instrument
Notes payable				149,114	148,937
Unamortized discount				886	1,063
Period before maturity for redemption of Senior Notes		3 months
Interest rate (as a percent)		5.00%
Percentage of redemption price		100.00%
Senior Notes due April 2025 | Private Placement
Debt Instrument
Aggregate principal amount			$ 150,000
Interest rate (as a percent)			5.00%
Net proceeds from the offering, after deducting estimated fee and expenses and the initial purchaser' discounts			$ 148,000
Subordinated Debt
Debt Instrument
Percentage of principal amount representing price to public	100.00%
Underwriting discounts, fees and expenses	$ 3,400
Net proceeds from the offering, after deducting estimated fee and expenses and the initial purchaser' discounts	$ 196,600
Percentage of redemption price	100.00%
Subordinated Notes due May 2030
Debt Instrument
Notes payable				49,296	49,207
Unamortized discount				704	793
Aggregate principal amount	$ 50,000
Interest rate (as a percent)	5.75%
Subordinated Notes due May 2030 | Three-month term SOFR
Debt Instrument
Margin on interest rate (as a percent)	5.68%
Subordinated Notes Due May 2035
Debt Instrument
Notes payable				147,780	147,608
Unamortized discount				2,220	2,392
Aggregate principal amount	$ 150,000
Interest rate (as a percent)	6.125%
Subordinated Notes Due May 2035 | Three-month term SOFR
Debt Instrument
Margin on interest rate (as a percent)	5.80%
Ventures Management lines of credit
Debt Instrument
Notes payable				41,714	$ 36,235
Maximum borrowing capacity				145,000
Outstanding borrowing				$ 60,400
Calculated index rate (as a percent)				3.32%
Single unaffiliated bank
Debt Instrument
Maximum borrowing capacity				$ 55,000
Bank
Debt Instrument
Maximum borrowing capacity				90,000
Outstanding borrowing				$ 18,700
Bank | Minimum
Debt Instrument
Interest rate (as a percent)				3.13%
Bank | Maximum
Debt Instrument
Interest rate (as a percent)				3.75%

Notes Payable - Scheduled Matur

Notes Payable - Scheduled Maturities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Scheduled maturities
2022	$ 41,714
2025	150,000
Thereafter	200,000
Total Notes Payable	$ 391,714

Lease - Narrative (Details)

Lease - Narrative (Details)	12 Months Ended
	Dec. 31, 2021
Leases
Option to extend period - Operating	10 years
Option to extend period - Finance	10 years
Option to extend - Operating	true
Option to extend - Finance	true
Option to terminate period - Operating	1 year
Option to terminate period - Finance	1 year
Option to terminate - Operating	true
Option to terminate - Finance	true

Lease - Supplemental balance sh

Lease - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(5,358)	(4,768)
Premises and equipment, net	$ 2,422	$ 3,012

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of operating lease costs
Operating lease cost	$ 38,862	$ 41,903	$ 44,331
Less operating lease and sublease income	(1,719)	(1,676)	(2,657)
Net operating lease cost	37,143	40,227	41,674
Amortization of ROU assets	590	590	590
Interest on lease liabilities	522	561	596
Total finance lease cost	$ 1,112	$ 1,151	$ 1,186

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases
Operating cash flows from operating leases	$ 37,239	$ 31,850	$ 37,527
Operating cash flows from finance leases	522	561	587
Financing cash flows from finance leases	689	636	603
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 41,615	$ 11,723	$ 27,055

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 10 months 24 days	5 years 6 months
Finance - Weighted Average Remaining Lease Term (Years)	4 years 9 months 18 days	5 years 7 months 6 days
Operating - Weighted Average Discount Rate	3.89%	4.67%
Finance - Weighted Average Discount Rate	4.84%	4.81%

Lease - Lease maturities (Detai

Lease - Lease maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases maturities
2022	$ 26,608
2023	30,466
2024	22,245
2025	16,141
2026	13,056
Thereafter	38,511
Total minimum lease payments	147,027
Less amount representing interest	(16,067)
Lease liabilities	130,960	$ 125,450
Finance Leases maturities:
2022	1,241
2023	1,280
2024	1,163
2025	886
2026	813
Thereafter	598
Total minimum lease payments	5,981
Less amount representing interest	(1,811)
Lease liabilities	$ 4,170
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.

Lease - Operating leases that h

Lease - Operating leases that have not yet commenced (Details) $ in Millions	Dec. 31, 2021USD ($)
Leases
Additional operating leases that have not yet commenced	$ 0.7
Expected to commence	4 years

Junior Subordinated Debenture_2

Junior Subordinated Debentures and Trust Preferred Securities (Details)	12 Months Ended
	Dec. 31, 2021USD ($)item	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Junior subordinated debentures and trust preferred securities
Junior subordinated debentures		$ 67,012,000
Redemption of debt	$ 1,037,652,000	$ 1,325,711,000	$ 1,000,960,000
PCC
Junior subordinated debentures and trust preferred securities
Number of statutory trusts owned by subsidiary | item	4
PCC | PCC Statutory Trusts
Junior subordinated debentures and trust preferred securities
Redemption of debt	$ 67,000,000
Stated term	30 years
Remaining borrowings	$ 0
PCC | PCC Statutory Trusts | Minimum
Junior subordinated debentures and trust preferred securities
Notice period for debentures callable	45 days
PCC | PCC Statutory Trusts | Maximum
Junior subordinated debentures and trust preferred securities
Notice period for debentures callable	60 days

Income Taxes - Provision (Detai

Income Taxes - Provision (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal									$ 103,396	$ 97,338	$ 58,562
State									21,657	19,150	9,215
Total									125,053	116,488	67,777
Deferred:
Federal									(4,454)	13,325	(2,690)
State									(2,623)	3,258	(1,373)
Total									(7,077)	16,583	(4,063)
Income tax provision (benefit)	$ 20,715	$ 28,257	$ 31,234	$ 37,770	$ 39,295	$ 46,820	$ 31,808	$ 15,148	$ 117,976	$ 133,071	$ 63,714
Statutory Federal income tax rate (as a percent)									21.00%	21.00%	21.00%
Reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory federal income tax rate to income (loss) before income taxes
Computed tax at federal statutory rate									$ 105,855	$ 118,629	$ 59,392
Tax effect of:
Nondeductible expenses									4,057	2,304	2,681
State income taxes									15,037	17,702	6,195
Tax-exempt income, net									(2,347)	(1,706)	(1,727)
Minority interest									(2,436)	(4,587)	(1,614)
Other									(2,190)	729	(1,213)
Income tax provision (benefit)	$ 20,715	$ 28,257	$ 31,234	$ 37,770	$ 39,295	$ 46,820	$ 31,808	$ 15,148	$ 117,976	$ 133,071	$ 63,714

Income Taxes - Deferred Taxes (

Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating and built-in-loss carryforward	$ 3,599	$ 5,736
Purchase accounting adjustment - loans	8,299	11,814
Allowance for credit losses	21,784	35,542
Compensation and benefits	26,443	22,513
Legal and other reserves	9,146	7,097
Foreclosed property	1,182	1,913
Operating lease liabilities	32,830	29,348
Other	6,168	9,717
Deferred tax assets	109,451	123,680
Deferred tax liabilities:
Premises and equipment	20,066	20,076
Intangible assets	3,325	4,518
Derivatives	6,034	17,688
Loan servicing	21,279	34,868
Operating lease ROU assets	28,469	24,755
Other	123	8,015
Deferred tax liabilities	79,296	109,920
Net deferred tax asset	$ 30,155	$ 13,760

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes
Effective income tax rate (as a percent)	23.40%	23.60%	22.50%
Net operating loss carryforwards	$ 0
Recognized built-in loss carryforward ("RBIL")	$ 13.7
Realized built-in-loss recognition period	5 years
Valuation allowance on deferred tax assets for net operating loss carryforwards	$ 0	$ 0

Income Taxes - Unrecognized tax

Income Taxes - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Uncertain tax positions
Unrecognized tax benefits if recognized would favorably impact the effective tax rate	$ 3,800	$ 3,000
Unrecognized Tax Benefits
Balance, beginning of year	3,778	2,808	$ 3,056
Increases related to tax positions taken during a prior year	603	327	317
Decreases related to tax positions taken during a prior year			(423)
Increases related to tax positions taken during the current year	1,249	1,017	288
Decreases related to expiration of the statute of limitations	(761)	(374)	(430)
Balance, end of year	$ 4,869	$ 3,778	$ 2,808

Employee Benefits (Details)

Employee Benefits (Details) $ in Millions	Jan. 01, 2015USD ($)	Nov. 30, 2012item	Jul. 31, 2020	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2001USD ($)
Employee Benefits
Matching contributions				$ 18.5	$ 17.7	$ 15.5
Operating expense relating to participated discount				0.8
Number of executive officers of PlainsCapital with retention agreements | item		2
Liability, including interest				2.6	2.6
Flexible premium universal life insurance
Amount of insurance purchased							$ 15
Carrying value of the policies				27.4	26.8
Income related to the policies				$ 0.5	$ 0.5	$ 1
ESPP
Employee Benefits
Percentage of shares to be purchased at fair market value			90.00%
SWS Plan
Employee Benefits
Deferred compensation plan, matching percentage	15.00%
Deferred compensation plan, vesting period	4 years
Contributions allowed under plan	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions
Aggregate remaining lease obligation	$ 147,027,000
Diamond A Financial LP
Related Party Transactions
Ownership interest (as a percent)	19.90%
Plains Capital Bank
Related Party Transactions
Deposits of related parties held	$ 320,300,000	$ 154,100,000
Chief Executive Officer [Member] | Diamond A Financial LP
Related Party Transactions
Ownership interest (as a percent)	49.00%
Directors Executive Officers and Affiliates | Plains Capital Bank
Related Party Transactions
Loans to related parties	$ 600,000	600,000
Total principal additions to loans	0
Lessor | Plains Capital Bank | Lease Agreements [Member]
Related Party Transactions
Future minimum payments due annually through 2028	500,000
Aggregate remaining lease obligation	3,800,000
Related Party Company | Plains Capital Bank
Related Party Transactions
Loan Purchases	$ 300,000	$ 500,000

Related Party Transactions - Hi

Related Party Transactions - Hilltop Plaza Investment (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2018USD ($)aitemtenant	Dec. 31, 2018USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related Party Transactions
Operating lease liabilities			$ 130,960	$ 125,450
Retained earnings			$ 1,257,014	$ 986,792
Hilltop Plaza
Related Party Transactions
Operating lease liabilities					$ 18,900
Costs incurred and capitalized		$ 27,800
Hilltop and the Bank | Hilltop Plaza
Related Party Transactions
Number of office and retail lease | item	2
Total base rent	$ 35,000
Rent abated	9 months
Hilltop | Hilltop Plaza
Related Party Transactions
Term of contract	129 months
Plains Capital Bank | Hilltop Plaza
Related Party Transactions
Term of contract	129 months
Hilltop Investments I, LLC
Related Party Transactions
Investment contribution	$ 19,300
Diamond Ground, LLC
Related Party Transactions
Investment contribution	$ 19,300
Park Plaza | Hilltop Plaza
Related Party Transactions
Ownership interest (as a percent)	50.00%
HTH Hillcrest Project LLC | Hilltop Plaza
Related Party Transactions
Ownership interest (as a percent)	25.00%
Diamond Hillcrest | Hilltop Plaza
Related Party Transactions
Ownership interest (as a percent)	25.00%
Hillcrest Land LLC
Related Party Transactions
Acres of land | a	1.7
Payments to acquire land	$ 38,500
Primary Beneficiary | item	0
Ground lease term	99 years
Number of tenants | tenant	3
Hillcrest Land LLC | Park Plaza
Related Party Transactions
Leasehold interest	50.00%
Hillcrest Land LLC | HTH Hillcrest Project LLC
Related Party Transactions
Leasehold interest	25.00%
Hillcrest Land LLC | Diamond Hillcrest
Related Party Transactions
Leasehold interest	25.00%
Diamond Ground, LLC | Jeremy Ford
Related Party Transactions
Ownership interest (as a percent)			10.20%
Diamond Ground, LLC | Wife of Corey Prestidge
Related Party Transactions
Ownership interest (as a percent)			10.10%
Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-02 | Hilltop Plaza
Related Party Transactions
Retained earnings		$ 1,400

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($)	Nov. 30, 2012	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retention Agreement | Chief Executive Officer [Member]
Reserve for Indemnification Liability:
Period from date of agreement at which initial renewal of agreement may occur	2 years
Renewal period of contract	1 year
Representation and Warranty Claims [Member]
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		$ 30,085,000	$ 32,144,000	$ 33,784,000
Claims made		26,290,000	17,429,000	20,054,000
Claims resolved with no payment		(11,690,000)	(7,778,000)	(14,154,000)
Repurchases		(11,934,000)	(11,588,000)	(6,170,000)
Indemnification payments		(1,344,000)	(122,000)	(1,370,000)
Balance, end of period		31,407,000	30,085,000	32,144,000
Reserve for Indemnification Liability:
Total		31,407,000	30,085,000	32,144,000
Indemnification Agreement [Member]
Commitments and Contingencies
Provision for indemnification losses		10,000,000	11,200,000	3,100,000
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		21,531,000	11,776,000	10,701,000
Additions for new sales		10,966,000	9,991,000	3,116,000
Repurchases		(3,559,000)	(768,000)	(495,000)
Early payment defaults		(189,000)	(624,000)	(380,000)
Indemnification payments		(366,000)	(39,000)	(352,000)
Change in reserves for loans sold in prior years		(959,000)	1,195,000	(814,000)
Balance, end of period		27,424,000	21,531,000	11,776,000
Reserve for Indemnification Liability:
Specific claims		345,000	961,000
Incurred but not reported claims		27,079,000	20,570,000
Total		27,424,000	21,531,000	$ 11,776,000
Plains Capital Bank
Commitments and Contingencies
Aggregate amount of federal funds purchased and sold for which the Bank acts as an agent on behalf of certain correspondent banks		$ 0	$ 2,500,000

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Dec. 31, 2021USD ($)
Commitments to Extend Credit [Member]
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,200
Standby Letters of Credit [Member]
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 96.3

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock based compensation
Compensation expense	$ 17.5	$ 14.6	$ 11.8
Transfer restrictions period	1 year
2012.
Stock based compensation
Number of additional awards permissible under the plan	0
2020 Plan
Stock based compensation
Number of awards approved for grant (in shares)	3,650,000
Common stock remaining available for issuance (in shares)	2,900,286
2020 Plan | Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	17,330	31,222	26,659

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of shares outstanding
Balance at the beginning of the period ( in shares)	1,833	1,437	1,270
Granted (in shares)	532	777	719
Vested/Released (in shares)	(475)	(350)	(496)
Forfeited (in shares)	(21)	(31)	(56)
Balance at the end of the period ( in shares)	1,869	1,833	1,437
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 21.48	$ 22.64	$ 22.44
Grant date fair value (in dollars per share)	32.93	21.79	20.02
Vested/Released (in dollars per share)	27.63	26.83	18.17
Forfeited (in dollars per share)	23.29	22.38	24.12
Balance at the end of the period (in dollars per share)	$ 23.16	$ 21.48	$ 22.64

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	238,414	238,414	238,414
Number of shares awarded (in shares)	532,000	777,000	719,000
Number of awards subject to time-based vesting (in shares)	1,504,910
Number of awards vesting upon achievement of performance goals (in shares)	364,149
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense	$ 20.2
Weighted average period for unrecognized compensation expense (in years)	1 year 2 months 26 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)	316,492
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	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Regulatory matters
Regulatory capital effects from CECL transitionary period	5 years
Plains Capital Bank
Tier 1 capital (to average assets)
Actual Amount	$ 1,469,695	$ 1,385,842
Actual Ratio (as a percent)	10.20	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	$ 1,469,695	$ 1,385,842
Actual Ratio (as a percent)	16	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	$ 1,469,695	$ 1,385,842
Actual Ratio (as a percent)	16	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	$ 1,540,100	$ 1,470,364
Actual Ratio (as a percent)	16.77	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	$ 2,262,356	$ 2,111,580
Actual Ratio (as a percent)	12.58	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	$ 2,262,356	$ 2,046,580
Actual Ratio (as a percent)	21.22	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	$ 2,262,356	$ 2,111,580
Actual Ratio (as a percent)	21.22	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	$ 2,532,008	$ 2,409,684
Actual Ratio (as a percent)	23.75	22.34
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio (as a percent)	10.50%

Regulatory Matters - Reconcilia

Regulatory Matters - Reconciliation (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	$ 2,522,668	$ 2,323,939
Plains Capital Bank
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	1,721,780	1,654,249
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	10,219	(17,763)
CECL transition adjustment	7,864	22,905
Deduct:
Goodwill and other disallowed intangible assets	(270,168)	(273,330)
Other		(219)
Common equity Tier 1 capital (as defined)	1,469,695	1,385,842
Add: Tier 1 capital
Tier 1 capital (as defined)	1,469,695	1,385,842
Add: Allowable Tier 2 capital
Allowance for credit losses, including unfunded commitments	91,177	120,334
Deduct:
Additional Tier 2 capital deduction	(20,772)	(35,812)
Total capital (as defined)	1,540,100	1,470,364
Hilltop
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	2,522,668	2,323,939
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	10,219	(17,763)
CECL transition adjustment	8,792	23,842
Deduct:
Goodwill and other disallowed intangible assets	(279,323)	(283,187)
Other		(251)
Common equity Tier 1 capital (as defined)	2,262,356	2,046,580
Add: Tier 1 capital
Trust preferred securities		65,000
Tier 1 capital (as defined)	2,262,356	2,111,580
Add: Allowable Tier 2 capital
Allowance for credit losses, including unfunded commitments	91,352	134,853
Capital instruments	200,000	200,000
Deduct:
Additional Tier 2 capital deduction	(21,700)	(36,749)
Total capital (as defined)	$ 2,532,008	$ 2,409,684

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 221,740	$ 290,357	$ 157,436
Hilltop Securities
Net Capital
Net capital	201,734
Less required net capital	11,620
Excess net capital	$ 190,114
Net capital as a percentage of aggregate debit items	34.70%
Net capital in excess of 5% aggregate debt items	$ 172,684
Momentum Independent Network
Net Capital
Net capital	3,781
Less required net capital	255
Excess net capital	3,526
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 221,700	$ 290,400

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 27, 2022	Nov. 17, 2020	Sep. 23, 2020	Aug. 20, 2019	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Apr. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Stock repurchase program
Cash dividends declared per common share	$ 0.15				$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.09	$ 0.09	$ 0.09	$ 0.09		$ 0.48	$ 0.36	$ 0.32
Cash dividends paid														$ 39,000	$ 32,500	$ 29,600
Earnings available for dividend payments without regulatory approval					$ 257,200									257,200
Repurchase common stock authorized amount					$ 75,000									75,000			$ 100,000			$ 75,000	$ 50,000
Payments to repurchase shares													$ 15,200	$ 123,631	$ 208,664	$ 73,385
Repurchase of common stock (in shares)													720,901	3,632,482		3,390,247
Average price (per share)													$ 21.13	$ 34.01		$ 21.64
Securities Purchase Agreement
Stock repurchase program
Payments to repurchase shares				$ 48,400
Repurchase of common stock (in shares)				2,175,404
Average price (per share)				$ 22.25
Tender Offer Agreement
Stock repurchase program
Aggregate cash purchase price			$ 350,000
Payments to repurchase shares		$ 193,400
Repurchase of common stock (in shares)		8,058,947
Average price (per share)		$ 24
Minimum
Stock repurchase program
Repurchase common stock authorized amount																		$ 50,000	$ 75,000
Maximum
Stock repurchase program
Repurchase common stock authorized amount																		$ 200,000	$ 150,000

Other Noninterest Income and _3

Other Noninterest Income and Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other noninterest income:
Net gains from trading securities portfolio	$ 48,816	$ 81,111	$ 129,571
Net gains from Hilltop Broker-Dealer structured product and derivative activities	26,353	121,983	20,521
Service charges on depositor accounts	18,081	14,845	15,170
Trust fees	10,998	9,804	10,255
Other	23,786	15,862	10,833
Other noninterest income	128,034	243,605	186,350
Other noninterest expense:
Software and information technology	68,105	56,872	50,751
Mortgage origination and servicing	35,421	27,808	19,892
Brokerage commissions and fees	25,826	24,113	20,039
Unreimbursed loan closing costs	20,458	21,696	16,784
Business development	11,998	10,190	12,940
Travel, meals and entertainment	7,646	4,804	12,160
Amortization of intangible assets	5,081	6,301	7,567
Funding fees	4,768	4,461	5,393
Office supplies	3,469	3,953	4,809
Other	42,519	64,560	43,051
Other noninterest expense	$ 225,291	$ 224,758	$ 193,386

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative financial instruments
Available for sale securities	$ 2,130,568	$ 1,462,205
Not Designated as Hedging Instrument | Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(22,170)	33,714	$ 8,550
Not Designated as Hedging Instrument | Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(19,884)	3,969	(3,085)
Not Designated as Hedging Instrument | Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	43	(7)	$ (148)
Not Designated as Hedging Instrument | PrimeLending and Hilltop Broker-Dealers | Other Assets
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	4,200	2,700
Designated as hedges
Derivative financial instruments
Cumulative adjustment in available for sale securities	3,200	100
Interest Rate Lock Commitments | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,283,152	2,470,013
Estimated Fair Value	25,489	76,048
Commitments to Purchase MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,575,264	2,478,041
Estimated Fair Value	(674)	22,311
Commitments to Sell MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	3,314,173	6,141,079
Estimated Fair Value	(355)	(40,621)
Commitments to Sell MBSs | Not Designated as Hedging Instrument | Prime Lending | Other Assets
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	3,700	26,100
Interest rate swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	68,413	43,786
Estimated Fair Value	(1,949)	(2,196)
Interest rate swaps | Cash Flow Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	190,000	105,000
Estimated Fair Value	603	(3,112)
Interest rate swaps | Fair Value Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	221,232	60,618
Estimated Fair Value	3,207	(130)
Available for sale securities	218,000	60,700
U.S. Treasury bond futures and options | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	247,800	$ 225,400
Eurodollar and other futures | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,061,800
Credit default swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	7,000
Estimated Fair Value	$ (15)

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 118,262	$ 80,319
Total
Gross Amounts of Recognized Assets	1,639,589	1,441,485
Gross Amounts Offset in the Balance Sheet	(1,773)
Net Amounts of Assets Presented in the Balance Sheet	1,637,816	1,441,485
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,564,596)	(1,376,191)
Net Amount	73,220	65,294
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,518,372	1,338,855
Net Amounts of Assets Presented in the Balance Sheet	1,518,372	1,338,855
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,445,590)	(1,273,955)
Net Amount	72,782	64,900
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	118,262	80,319
Net Amounts of Assets Presented in the Balance Sheet	118,262	80,319
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(118,262)	(79,925)
Net Amount	0	394
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	2,955	22,311
Gross Amounts Offset in the Balance Sheet	(1,773)
Net Amounts of Assets Presented in the Balance Sheet	1,182	22,311
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(744)	(22,311)
Net Amounts of Assets Presented in the Balance Sheet	$ 438	$ 0

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Total
Gross Amounts of Recognized Liabilities	$ 1,627,854	$ 1,525,859
Gross Amounts Offset in the Balance Sheet		(120)
Net Amounts of Liabilities Presented in the Balance Sheet	1,627,854	1,525,739
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,569,729)	(1,431,739)
Net Amount	58,125	94,000
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,432,196	1,245,066
Net Amounts of Liabilities Presented in the Balance Sheets	1,432,196	1,245,066
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,359,850)	(1,179,090)
Net Amount	72,346	65,976
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	1,949	2,196
Net Amounts of Liabilities Presented in the Balance Sheet	1,949	2,196
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,919)	(2,123)
Net Amount	30	73
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	191,483	237,856
Net Amounts of Liabilities Presented in the Balance Sheet	191,483	237,856
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(205,734)	(237,856)
Net Amount	(14,251)	0
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	2,211	40,741
Gross Amounts Offset in the Balance Sheet		(120)
Net Amounts of Liabilities Presented in the Balance Sheet	2,211	40,621
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(2,211)	(12,670)
Net Amount	0	$ 27,951
Institutional Counterparties | Credit default swaps
Derivatives:
Gross Amounts of Recognized Liabilities	15
Net Amounts of Liabilities Presented in the Balance Sheet	15
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(15)
Net Amount	$ 0

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 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	$ 1,623,679	$ 1,482,922
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	1,623,679	1,482,922
Amount related to agreements not included in offsetting disclosure above	$ 0	0
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	$ 1,525,847	1,355,897
Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	86,357	127,025
Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	11,475
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	191,483	237,856
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	93,651	110,831
Assets-backed securities | Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	86,357	127,025
Assets-backed securities | Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	11,475
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	1,432,083	1,244,953
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,432,083	$ 1,244,953

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Receivables:
Securities borrowed	$ 1,518,372	$ 1,338,855
Securities failed to deliver	5,664	58,244
Trades in process of settlement	144,773
Other	4,137	7,628
Total receivables	1,672,946	1,404,727
Payables:
Securities loaned	1,432,196	1,245,066
Correspondents	20,571	33,547
Securities failed to receive	18,808	61,589
Trades in process of settlement		21,765
Other	5,725	6,406
Total Payables	$ 1,477,300	$ 1,368,373

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021USD ($)	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2021USD ($)itemsegment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
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)	$ 104,294	$ 105,090	$ 107,916	$ 105,682	$ 107,372	$ 101,900	$ 104,558	$ 110,336	$ 422,982	$ 424,166	$ 438,979
Provision for (reversal of) credit losses	(18,565)	(5,819)	(28,720)	(5,109)	(3,482)	(602)	66,026	34,549	(58,213)	96,491	7,206
Noninterest income	284,846	367,945	339,899	417,585	447,931	502,711	468,125	271,713	1,410,275	1,690,480	1,062,817
Noninterest expense	322,194	355,174	343,368	366,662	402,348	399,345	370,209	281,901	1,387,398	1,453,803	1,211,889
Income from continuing operations before income taxes	85,511	$ 123,680	$ 133,167	$ 161,714	156,437	$ 205,868	$ 136,448	$ 65,599	504,072	564,352	282,701
Income from discontinued operations before taxes									0	38,900	17,600
Goodwill	267,447				267,447				267,447	267,447
Total assets	18,689,080				16,944,264				18,689,080	16,944,264
Operating Segments | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									406,524	390,871	379,258
Provision for (reversal of) credit losses									(58,175)	96,326	7,280
Noninterest income									45,113	41,376	41,753
Noninterest expense									226,915	232,447	231,524
Income from continuing operations before income taxes									282,897	103,474	182,207
Goodwill	247,368				247,368				247,368	247,368
Total assets	14,944,249				13,338,930				14,944,249	13,338,930
Operating Segments | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									43,296	39,912	51,308
Provision for (reversal of) credit losses									(38)	165	(74)
Noninterest income									381,125	491,355	404,411
Noninterest expense									380,798	415,463	366,031
Income from continuing operations before income taxes									43,661	115,639	89,762
Goodwill	7,008				7,008				7,008	7,008
Total assets	3,673,346				3,196,346				3,673,346	3,196,346
Operating Segments | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(20,400)	(10,489)	(6,273)
Noninterest income									986,990	1,172,450	634,992
Noninterest expense									731,056	753,917	563,998
Income from continuing operations before income taxes									235,534	408,044	64,721
Goodwill	13,071				13,071				13,071	13,071
Total assets	2,207,822				3,285,005				2,207,822	3,285,005
Operating Segments | Insurance Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(17,239)	(14,192)	(5,541)
Noninterest income									9,133	3,945	2,104
Noninterest expense									50,507	53,040	50,968
Income from continuing operations before income taxes									(58,613)	(63,287)	(54,405)
Total assets	2,940,670				2,823,374				2,940,670	2,823,374
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									10,801	18,064	20,227
Noninterest income									(12,086)	(18,646)	(20,443)
Noninterest expense									(1,878)	(1,064)	(632)
Income from continuing operations before income taxes									593	482	$ 416
Total assets	$ (5,077,007)				$ (5,699,391)				$ (5,077,007)	$ (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								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Basic earnings per share:
Income from continuing operations									$ 374,495	$ 409,440	$ 211,301
Income from discontinued operations					$ 3,734	$ 736	$ 30,775	$ 3,151		38,396	13,990
Income attributable to Hilltop	$ 62,184	$ 92,906	$ 99,060	$ 120,345	$ 116,445	$ 153,279	$ 128,476	$ 49,636	$ 374,495	$ 447,836	$ 225,291
Weighted average shares outstanding - basic									80,708	89,280	92,345
Income from continuing operations (in dollars per share)	$ 0.79	$ 1.16	$ 1.21	$ 1.46	$ 1.31	$ 1.69	$ 1.08	$ 0.51	$ 4.64	$ 4.59	$ 2.29
Income from discontinued operations (in dollars per share)					0.04	0.01	0.34	0.04		0.43	0.15
Basic earnings per common share (in dollars per share)	$ 0.79	$ 1.16	$ 1.21	$ 1.46	$ 1.35	$ 1.70	$ 1.42	$ 0.55	$ 4.64	$ 5.02	$ 2.44
Diluted earnings per share:
Income from continuing operations									$ 374,495	$ 409,440	$ 211,301
Income from discontinued operations					$ 3,734	$ 736	$ 30,775	$ 3,151		38,396	13,990
Income attributable to Hilltop	$ 62,184	$ 92,906	$ 99,060	$ 120,345	$ 116,445	$ 153,279	$ 128,476	$ 49,636	$ 374,495	$ 447,836	$ 225,291
Weighted average shares outstanding - basic									80,708	89,280	92,345
Effect of potentially dilutive securities (in shares)									465	24	49
Weighted average shares outstanding - diluted									81,173	89,304	92,394
Income from continuing operations (in dollars per share)	$ 0.78	$ 1.15	$ 1.21	$ 1.46	$ 1.30	$ 1.69	$ 1.08	$ 0.51	$ 4.61	$ 4.58	$ 2.29
Income from discontinued operations (in dollars per share)					0.05	0.01	0.34	0.04		0.43	0.15
Diluted earnings per common share (in dollars per share)	$ 0.78	$ 1.15	$ 1.21	$ 1.46	$ 1.35	$ 1.70	$ 1.42	$ 0.55	$ 4.61	$ 5.01	$ 2.44

Financial Statements of Paren_2

Financial Statements of Parent - Operations and Comp Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Interest expense	$ 18,760	$ 20,088	$ 26,902	$ 41,241	$ 29,489	$ 27,928	$ 30,373	$ 34,539	$ 106,991	$ 122,329	$ 171,717
Income tax benefit	20,715	28,257	31,234	37,770	39,295	46,820	31,808	15,148	117,976	133,071	63,714
Net income	$ 64,796	$ 95,423	$ 101,933	$ 123,944	$ 120,876	$ 159,784	$ 135,415	$ 53,602	386,096	469,677	232,977
Other comprehensive income (loss), net									(27,982)	6,344	20,046
Comprehensive income									358,114	476,021	253,023
Parent Company | Reportable Legal Entities
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Dividends from bank subsidiaries									295,000	249,771	143,000
Dividends from nonbank subsidiaries									81,675	56,150	36,950
Investment income									4,322	4,102	5,933
Interest expense									21,561	18,294	11,474
Other income									9,070	45,887	2,221
General and administrative expense									50,507	58,130	50,968
Income before income taxes and equity in undistributed earnings of subsidiaries activity									317,999	279,486	125,662
Income tax benefit									(14,065)	(13,897)	(12,706)
Equity in undistributed earnings of subsidiaries									54,032	176,294	94,609
Net income									386,096	469,677	232,977
Other comprehensive income (loss), net									(27,982)	6,344	20,046
Comprehensive income									$ 358,114	$ 476,021	$ 253,023

Financial Statements of Paren_3

Financial Statements of Parent - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investment in subsidiaries:
Other assets	$ 452,880	$ 555,983
Total assets	18,689,080	16,944,264
Liabilities and Stockholders' Equity
Notes payable	387,904	381,987
Stockholders' equity	2,522,668	2,323,939
Total liabilities and stockholders' equity	18,689,080	16,944,264
Parent Company | Reportable Legal Entities
Assets
Cash and cash equivalents	531,260	478,826	$ 116,471
Investment in subsidiaries:
Bank subsidiaries	1,721,780	1,654,249	1,523,549
Nonbank subsidiaries	409,835	453,847	533,844
Other assets	277,795	236,452	219,740
Total assets	2,940,670	2,823,374	2,393,604
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	25,762	64,635	53,418
Notes payable	369,618	412,764	215,780
Stockholders' equity	2,545,290	2,345,975	2,124,406
Total liabilities and stockholders' equity	$ 2,940,670	$ 2,823,374	$ 2,393,604

Financial Statements of Paren_4

Financial Statements of Parent - Cash flows (Details) - USD ($) $ in Thousands	3 Months Ended								4 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Apr. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities:
Net income	$ 64,796	$ 95,423	$ 101,933	$ 123,944	$ 120,876	$ 159,784	$ 135,415	$ 53,602		$ 386,096	$ 469,677	$ 232,977
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes										(7,077)	16,583	(4,063)
Net cash provided by (used in) operating activities										765,622	280,436	(433,023)
Investing Activities:
Purchases of premises and equipment and other assets										(24,751)	(37,746)	(42,287)
Net cash used in investing activities										(553,274)	(827,666)	(604,292)
Financing Activities:
Payments to repurchase common stock									$ (15,200)	(123,631)	(208,664)	(73,385)
Proceeds from issuance of notes payable										976,119	1,451,249	1,055,772
Dividends paid on common stock										(38,978)	(32,524)	(29,627)
Net cash contributed from (to) noncontrolling interest										(11,774)	(20,890)	(6,352)
Other, net										(3,397)	(1,724)	(2,494)
Net cash provided by financing activities										1,479,612	1,257,744	901,638
Net change in cash, cash equivalents and restricted cash										1,691,960	710,514	(135,677)
Cash, cash equivalents and restricted cash, beginning of year				1,353,303				642,789	642,789	1,353,303	642,789	778,466
Cash, cash equivalents and restricted cash, end of year	3,045,263				1,353,303					3,045,263	1,353,303	642,789
Parent Company | Reportable Legal Entities
Operating Activities:
Net income										386,096	469,677	232,977
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries										(54,032)	(176,294)	(94,609)
Net realized gains on equity investments										(926)
Net realized gains on disposal of discontinued operations											(41,901)
Deferred income taxes										(3,049)	4,432	(123)
Other, net										14,725	37,465	44,943
Net cash provided by (used in) operating activities										342,814	293,379	183,188
Investing Activities:
Advancement to nonbank subsidiaries										(75,000)
Repayment of advances to/investments in nonbank subsidiaries										5,762
Purchases of equity securities											(29,365)
Purchases of premises and equipment and other assets										(2,154)	(12,547)	(17,302)
Proceeds from sales of equity investments										12,292
Proceeds from sale of discontinued operations											154,963
Net cash used in investing activities										(59,100)	113,051	(17,302)
Financing Activities:
Payments to repurchase common stock										(123,631)	(208,664)	(73,385)
Proceeds from issuance of notes payable											196,657
Payments on junior subordinated debentures										(67,012)
Dividends paid on common stock										(38,978)	(32,524)	(29,627)
Net cash contributed from (to) noncontrolling interest										(909)	825	100
Other, net										(750)	(369)	(908)
Net cash provided by financing activities										(231,280)	(44,075)	(103,820)
Net change in cash, cash equivalents and restricted cash										52,434	362,355	62,066
Cash, cash equivalents and restricted cash, beginning of year				$ 478,826				$ 116,471	$ 116,471	478,826	116,471	54,405
Cash, cash equivalents and restricted cash, end of year	$ 531,260				$ 478,826					$ 531,260	$ 478,826	$ 116,471

Selected Quarterly Financial _3

Selected Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 27, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Selected Quarterly Financial Information (Unaudited)
Interest income		$ 123,054	$ 125,178	$ 134,818	$ 146,923	$ 136,861	$ 129,828	$ 134,931	$ 144,875	$ 529,973	$ 546,495	$ 610,696
Interest expense		18,760	20,088	26,902	41,241	29,489	27,928	30,373	34,539	106,991	122,329	171,717
Net interest income		104,294	105,090	107,916	105,682	107,372	101,900	104,558	110,336	422,982	424,166	438,979
Provision for (reversal of) credit losses		(18,565)	(5,819)	(28,720)	(5,109)	(3,482)	(602)	66,026	34,549	(58,213)	96,491	7,206
Noninterest income		284,846	367,945	339,899	417,585	447,931	502,711	468,125	271,713	1,410,275	1,690,480	1,062,817
Noninterest expense		322,194	355,174	343,368	366,662	402,348	399,345	370,209	281,901	1,387,398	1,453,803	1,211,889
Income from continuing operations before income taxes		85,511	123,680	133,167	161,714	156,437	205,868	136,448	65,599	504,072	564,352	282,701
Income tax expense		20,715	28,257	31,234	37,770	39,295	46,820	31,808	15,148	117,976	133,071	63,714
Income from continuing operations		64,796	95,423	101,933	123,944	117,142	159,048	104,640	50,451	386,096	431,281	218,987
Income from discontinued operations, net of income taxes						3,734	736	30,775	3,151		38,396	13,990
Net income		64,796	95,423	101,933	123,944	120,876	159,784	135,415	53,602	386,096	469,677	232,977
Less: Net income attributable to noncontrolling interest		2,612	2,517	2,873	3,599	4,431	6,505	6,939	3,966	11,601	21,841	7,686
Income attributable to Hilltop		$ 62,184	$ 92,906	$ 99,060	$ 120,345	$ 116,445	$ 153,279	$ 128,476	$ 49,636	$ 374,495	$ 447,836	$ 225,291
Basic:
Earnings from continuing operations (in dollars per share)		$ 0.79	$ 1.16	$ 1.21	$ 1.46	$ 1.31	$ 1.69	$ 1.08	$ 0.51	$ 4.64	$ 4.59	$ 2.29
Income from discontinued operations (in dollars per share)						0.04	0.01	0.34	0.04		0.43	0.15
Basic earnings per common share (in dollars per share)		0.79	1.16	1.21	1.46	1.35	1.70	1.42	0.55	4.64	5.02	2.44
Diluted:
Earnings from continuing operations in dollars per share)		0.78	1.15	1.21	1.46	1.30	1.69	1.08	0.51	4.61	4.58	2.29
Income from discontinued operations (in dollars per share)						0.05	0.01	0.34	0.04		0.43	0.15
Diluted earnings per common share (in dollars per share)		0.78	1.15	1.21	1.46	1.35	1.70	1.42	0.55	4.61	5.01	2.44
Cash dividends declared per common share	$ 0.15	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.09	$ 0.09	$ 0.09	$ 0.09	$ 0.48	$ 0.36	$ 0.32