Hilltop (HTH) 10-Q 25 Jul 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 22, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	1-31987
Entity Registrant Name	Hilltop Holdings Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	84-1477939
Entity Address, Address Line One	6565 Hillcrest Avenue
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75205
City Area Code	214
Local Phone Number	855-2177
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HTH
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		64,576,333
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 1,783,554	$ 2,823,138
Federal funds sold	381	385
Assets segregated for regulatory purposes	120,816	221,740
Securities purchased under agreements to resell	139,929	118,262
Securities:
Trading, at fair value	593,273	647,998
Available for sale, at fair value, net (amortized cost of $1,667,837 and $2,148,635, respectively)	1,562,222	2,130,568
Held to maturity, at amortized cost, net (fair value of $876,531 and $276,296, respectively)	920,583	267,684
Equity, at fair value	197	250
Total securities	3,076,275	3,046,500
Loans held for sale	1,491,579	1,878,190
Loans	7,930,619	7,879,904
Allowance for credit losses	(95,298)	(91,352)
Loans held for investment, net	7,835,321	7,788,552
Broker-dealer and clearing organization receivables	1,049,830	1,672,946
Premises and equipment, net	195,361	204,438
Operating lease right-of-use assets	106,806	112,328
Mortgage servicing rights	121,688	86,990
Other assets	513,570	452,880
Goodwill	267,447	267,447
Other intangible assets, net	13,182	15,284
Total assets	16,715,739	18,689,080
Deposits:
Noninterest-bearing	4,601,643	4,577,183
Interest-bearing	7,319,143	8,240,894
Total deposits	11,920,786	12,818,077
Broker-dealer and clearing organization payables	934,818	1,477,300
Short-term borrowings	822,649	859,444
Securities sold, not yet purchased, at fair value	135,968	96,586
Notes payable	389,722	387,904
Operating lease liabilities	124,406	130,960
Other liabilities	329,987	369,606
Total liabilities	14,658,336	16,139,877
Commitments and contingencies (see Notes 13 and 14)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 64,576,333 and 78,964,978 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	646	790
Additional paid-in capital	1,039,261	1,274,446
Accumulated other comprehensive loss	(95,279)	(10,219)
Retained earnings	1,085,208	1,257,014
Deferred compensation employee stock trust, net	695	752
Employee stock trust (33,635 and 5,749 shares, at cost, at June 30, 2022 and December 31, 2021, respectively)	(954)	(115)
Total Hilltop stockholders' equity	2,029,577	2,522,668
Noncontrolling interests	27,826	26,535
Total stockholders' equity	2,057,403	2,549,203
Total liabilities and stockholders' equity	$ 16,715,739	$ 18,689,080

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,667,837	$ 2,148,635
Held to maturity, fair value	$ 876,531	$ 276,296
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	64,576,333	78,964,978
Common stock, shares outstanding	64,576,333	78,964,978
Employee stock trust, shares	33,635	5,749

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Loans, including fees	$ 98,728	$ 104,162	$ 189,136	$ 208,439
Securities borrowed	10,498	15,586	19,315	44,558
Securities:
Taxable	17,288	11,125	32,869	21,376
Tax-exempt	2,141	2,338	4,560	4,440
Other	6,478	1,607	8,790	2,927
Total interest income	135,133	134,818	254,670	281,740
Interest expense:
Deposits	5,456	6,176	9,649	13,917
Securities loaned	8,512	12,345	15,984	37,831
Short-term borrowings	3,020	2,374	5,065	4,386
Notes payable	3,809	5,253	8,246	10,050
Junior subordinated debentures		577		1,139
Other	2,280	177	3,679	819
Total interest expense	23,077	26,902	42,623	68,142
Net interest income	112,056	107,916	212,047	213,598
Provision for (reversal of) credit losses	5,336	(28,720)	5,451	(33,829)
Net interest income after provision for (reversal of) credit losses	106,720	136,636	206,596	247,427
Noninterest income:
Net gains from sale of loans and other mortgage production income	97,543	199,625	208,437	466,705
Mortgage loan origination fees	42,378	42,146	74,440	85,301
Securities commissions and fees	34,757	38,300	71,903	76,614
Investment and securities advisory fees and commissions	32,002	32,268	61,707	59,963
Other	32,593	27,560	39,214	68,901
Total noninterest income	239,273	339,899	455,701	757,484
Noninterest expense:
Employees' compensation and benefits	205,327	248,486	405,346	518,839
Occupancy and equipment, net	24,231	25,004	48,997	49,433
Professional services	16,246	16,239	26,309	29,824
Other	52,739	53,639	104,241	111,934
Total noninterest expense	298,543	343,368	584,893	710,030
Income before income taxes	47,450	133,167	77,404	294,881
Income tax expense	12,127	31,234	17,942	69,004
Net income	35,323	101,933	59,462	225,877
Less: Net income attributable to noncontrolling interest	2,063	2,873	3,952	6,473
Income attributable to Hilltop	$ 33,260	$ 99,060	$ 55,510	$ 219,404
Earnings per common share:
Basic (in dollars per share)	$ 0.45	$ 1.21	$ 0.73	$ 2.68
Diluted (in dollars per share)	$ 0.45	$ 1.21	$ 0.73	$ 2.66
Weighted average share information:
Basic (in shares)	73,693	81,663	76,389	81,914
Diluted (in shares)	73,838	82,199	76,569	82,407

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 35,323	$ 101,933	$ 59,462	$ 225,877
Other comprehensive income (loss):
Change in fair value of cash flow and fair value hedges, net of tax of $808, $(71), $2,911 and $434, respectively	14,532	(2,391)	36,409	3,644
Net unrealized gains (losses) on securities available for sale, net of tax of $(8,804), $1,799, $(19,481) and $(4,175), respectively	(31,775)	5,999	(67,318)	(14,242)
Reclassification adjustment for gains (losses) included in net income, net of tax of $0, $0, $3 and $(21), respectively		(1)	10	(72)
Adjustment for unrealized losses on securities transferred from available-for sale to held-to-maturity, net of tax of $0, $0, $(17,033) and $0, respectively			(56,690)
Amortization of unrealized losses on securities transferred from available-for-sale to held-maturity, net of tax $760, $0, $760 and $0, respectively	2,529		2,529
Comprehensive income (loss)	20,609	105,540	(25,598)	215,207
Less: comprehensive income attributable to noncontrolling interest	2,063	2,873	3,952	6,473
Comprehensive income (loss) applicable to Hilltop	$ 18,546	$ 102,667	$ (29,550)	$ 208,734

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Cash flow hedge, tax	$ 808	$ (71)	$ 2,911	$ 434
Net unrealized gains (losses) on securities available for sale, tax	(8,804)	1,799	(19,481)	(4,175)
Reclassification adjustment, tax	0	0	3	(21)
Adjustment for unrealized losses on securities	0	0	(17,033)	0
Amortization of unrealized losses on securities	$ 760	$ 0	$ 760	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Parent	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Deferred Compensation Employee Stock Trust, Net	Employee Stock Trust	Noncontrolling Interest	Total
Balance at Dec. 31, 2020	$ 2,323,939	$ 822	$ 1,317,929	$ 17,763	$ 986,792	$ 771	$ (138)	$ 26,708	$ 2,350,647
Balance (in shares) at Dec. 31, 2020		82,185					7
Increase (Decrease) in Stockholders' Equity
Net income	219,404				219,404			6,473	225,877
Other comprehensive income (loss)	(10,670)			(10,670)					(10,670)
Stock-based compensation expense	8,786		8,786						8,786
Common stock issued to board members	297		297						297
Common stock issued to board members (in shares)		8
Issuance of common stock related to share-based awards, net	(2,250)	$ 3	(2,253)						(2,250)
Issuance of common stock related to share-based awards, net (in shares)		351
Repurchases of common stock	(49,471)	$ (13)	(22,320)		(27,138)				(49,471)
Repurchases of common stock (in shares)		(1,391)
Dividends on common stock	(19,754)				(19,754)				(19,754)
Deferred compensation plan						(17)	$ 17
Deferred compensation plan (in shares)							(1)
Net cash distributed to noncontrolling interest								(7,086)	(7,086)
Balance at Jun. 30, 2021	2,470,281	$ 812	1,302,439	7,093	1,159,304	754	$ (121)	26,095	2,496,376
Balance (in shares) at Jun. 30, 2021		81,153					6
Balance at Mar. 31, 2021	2,419,185	$ 823	1,319,518	3,486	1,094,727	752	$ (121)	26,830	2,446,015
Balance (in shares) at Mar. 31, 2021		82,261					6
Increase (Decrease) in Stockholders' Equity
Net income	99,060				99,060			2,873	101,933
Other comprehensive income (loss)	3,607			3,607					3,607
Stock-based compensation expense	4,192		4,192						4,192
Common stock issued to board members	150		150						150
Common stock issued to board members (in shares)		4
Issuance of common stock related to share-based awards, net	(1,504)	$ 1	(1,505)						(1,504)
Issuance of common stock related to share-based awards, net (in shares)		129
Repurchases of common stock	(44,522)	$ (12)	(19,916)		(24,594)				(44,522)
Repurchases of common stock (in shares)		(1,241)
Dividends on common stock	(9,889)				(9,889)				(9,889)
Deferred compensation plan	2					2			2
Net cash distributed to noncontrolling interest								(3,608)	(3,608)
Balance at Jun. 30, 2021	2,470,281	$ 812	1,302,439	7,093	1,159,304	754	$ (121)	26,095	2,496,376
Balance (in shares) at Jun. 30, 2021		81,153					6
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					6
Increase (Decrease) in Stockholders' Equity
Net income	55,510				55,510			3,952	59,462
Other comprehensive income (loss)	(85,060)			(85,060)					(85,060)
Stock-based compensation expense	7,219		7,219						7,219
Common stock issued to board members	305		305						305
Common stock issued to board members (in shares)		11
Issuance of common stock related to share-based awards, net	(4,066)	$ 4	(4,070)						(4,066)
Issuance of common stock related to share-based awards, net (in shares)		469
Repurchases of common stock	(442,336)	$ (148)	(238,639)		(203,549)				(442,336)
Repurchases of common stock (in shares)		(14,869)
Dividends on common stock	(23,767)				(23,767)				(23,767)
Deferred compensation plan	(896)					(57)	$ (839)		(896)
Deferred compensation plan (in shares)							28
Net cash distributed to noncontrolling interest								(2,661)	(2,661)
Balance at Jun. 30, 2022	2,029,577	$ 646	1,039,261	(95,279)	1,085,208	695	$ (954)	27,826	2,057,403
Balance (in shares) at Jun. 30, 2022		64,576					34
Balance at Mar. 31, 2022	2,463,933	$ 794	1,275,649	(80,565)	1,267,415	744	$ (104)	26,662	2,490,595
Balance (in shares) at Mar. 31, 2022		79,439					5
Increase (Decrease) in Stockholders' Equity
Net income	33,260				33,260			2,063	35,323
Other comprehensive income (loss)	(14,714)			(14,714)					(14,714)
Stock-based compensation expense	2,105		2,105						2,105
Common stock issued to board members	153		153						153
Common stock issued to board members (in shares)		6
Issuance of common stock related to share-based awards, net	(7)		(7)						(7)
Repurchases of common stock	(442,336)	$ (148)	(238,639)		(203,549)				(442,336)
Repurchases of common stock (in shares)		(14,869)
Dividends on common stock	(11,918)				(11,918)				(11,918)
Deferred compensation plan	(899)					(49)	$ (850)		(899)
Deferred compensation plan (in shares)							29
Net cash distributed to noncontrolling interest								(899)	(899)
Balance at Jun. 30, 2022	$ 2,029,577	$ 646	$ 1,039,261	$ (95,279)	$ 1,085,208	$ 695	$ (954)	$ 27,826	$ 2,057,403
Balance (in shares) at Jun. 30, 2022		64,576					34

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares		3 Months Ended		6 Months Ended
	Jul. 21, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.15	$ 0.15	$ 0.12	$ 0.30	$ 0.24

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income	$ 59,462	$ 225,877
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (reversal of) credit losses	5,451	(33,829)
Depreciation, amortization and accretion, net	14,171	10,531
Deferred income taxes	2,585	2,380
Other, net	7,296	10,077
Net change in securities purchased under agreements to resell	(21,667)	(122,319)
Net change in trading securities	54,725	11,772
Net change in broker-dealer and clearing organization receivables	893,304	(190,385)
Net change in other assets	(1,432)	(45,972)
Net change in broker-dealer and clearing organization payables	(629,481)	44,751
Net change in other liabilities	(40,489)	(105,218)
Net change in securities sold, not yet purchased	39,382	53,161
Proceeds from sale of mortgage servicing rights asset	1,876	84,633
Change in valuation of mortgage servicing rights asset	(18,064)	(15,273)
Net gains from sales of loans	(208,437)	(466,705)
Loans originated for sale	(8,206,551)	(13,539,646)
Proceeds from loans sold	8,793,501	13,750,233
Net cash provided by (used in) operating activities	745,632	(325,932)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	39,631	22,887
Proceeds from sales, maturities and principal reductions of securities available for sale	190,943	385,411
Purchases of securities held to maturity	(6,254)
Purchases of securities available for sale	(470,617)	(764,283)
Purchases of equity securities	(30)
Net change in loans held for investment	(316,887)	249,069
Purchases of premises and equipment and other assets	(4,559)	(16,696)
Proceeds from sales of premises and equipment and other real estate owned	1,803	3,263
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	(144)	(72)
Net cash used in investing activities	(566,114)	(120,421)
Financing Activities
Net change in deposits	(810,292)	517,962
Net change in short-term borrowings	(37,200)	220,024
Proceeds from notes payable	412,421	488,341
Payments on notes payable and junior subordinated debentures	(410,832)	(473,891)
Payments to repurchase common stock	(442,336)	(49,471)
Dividends paid on common stock	(23,767)	(19,754)
Net cash distributed to noncontrolling interest	(2,661)	(7,086)
Other, net	(5,363)	(2,586)
Net cash provided by (used in) financing activities	(1,320,030)	673,539
Net change in cash, cash equivalents and restricted cash	(1,140,512)	227,186
Cash, cash equivalents and restricted cash, beginning of period	3,045,263	1,353,303
Cash, cash equivalents and restricted cash, end of period	1,904,751	1,580,489
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	42,273	69,479
Cash paid for income taxes, net of refunds	6,840	55,498
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	179	1,805
Additions to mortgage servicing rights	18,510	$ 50,115
Carrying amount of AFS securities transferred to HTM, net of $70,435 unrealized loss	$ 686,840

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,783,554	$ 2,823,138	$ 1,372,818
Federal funds sold	381	385	387
Assets segregated for regulatory purposes	120,816	221,740	207,284
Total cash, cash equivalents and restricted cash	1,904,751	$ 3,045,263	$ 1,580,489	$ 1,353,303
Carrying amount of AFS securities transferred to HTM, net	$ 70,435

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	6 Months Ended
	Jun. 30, 2022
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. ​ The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units, 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. ​ Basis of Presentation ​ The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. ​ The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. ​ Hilltop owns 100% of the outstanding stock of PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). ​ PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds an ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). ​ PCC also 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. Following receipt of regulatory approval, during June, July and August 2021, PCC submitted to the trustees of each of the Trusts notices to redeem in full outstanding junior subordinated 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 the third quarter of 2021. For further details, see Note 16 to the consolidated financial statements included in the Company’s 2021 Form 10-K. ​ Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly owned subsidiaries, Hilltop Securities Inc. (“Hilltop Securities”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”). Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 19 to the consolidated financial statements included in the Company’s 2021 Form 10-K and are collectively referred to as the “Hilltop Plaza Entities.” ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. ​ Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2021 Form 10-K.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2022
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards ​ Accounting Standards Adopted During 2022 ​ In March 2022, the FASB issued ASU 2022-01 to expand and clarify the guidance on fair value hedge accounting of interest rate risk for portfolios of financial assets. ASU 2022-01 amends the guidance in ASU 2017-12 that, among other things, established the “last-of-layer” method for making the fair value hedge accounting for these portfolios more accessible. The amendment further improves the last-of-layer (renamed the “portfolio layer”) concepts to expand to nonprepayable financial assets and allows more flexibility in the derivative structures used to hedge the interest rate risk. For entities that have already adopted ASU 2017-12 this update is available for immediate adoption. As permitted within the amendment, the Company elected to early adopt the provisions as of April 1, 2022 on a prospective basis. The adoption of this amendment did not have a material impact on the Company’s consolidated financial statements. ​ Accounting Standards Issued But Not Yet Adopted ​ In March 2022, the FASB issued ASU 2022-02 to eliminate the recognition and measurement guidance on troubled debt restructurings for creditors, and require enhanced disclosures about loan modifications for borrowers experiencing financial difficulty. The amendments are effective in periods beginning after December 15, 2022 using either a prospective or modified retrospective transition. Early adoption of certain or all of the amendments is permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated financial statements. ​ In June 2022, the FASB issued ASU 2022-03 to clarify the guidance on the fair value measurement of an equity security that is subject to a contractual sale restriction, and require specific disclosures for equity securities that are subject to such restrictions. The amendments are effective in periods beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated financial statements. ​

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Measurements
Fair Value Measurements	3. Fair Value Measurements ​ Fair Value Measurements and Disclosures ​ The Company determines fair values in compliance with The Fair Value Measurements and Disclosures Topic of the ASC (the “Fair Value Topic”). The Fair Value Topic defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. The Fair Value Topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Fair Value Topic assumes that transactions upon which fair value measurements are based occur in the principal market for the asset or liability being measured. Further, fair value measurements made under the Fair Value Topic exclude transaction costs and are not the result of forced transactions. ​ The Fair Value Topic includes a fair value hierarchy that classifies fair value measurements based upon the inputs used in valuing the assets or liabilities that are the subject of fair value measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs, as indicated below. ​ ● Level 1 Inputs : Unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date. ​ ● Level 2 Inputs : Observable inputs other than Level 1 prices. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, yield curves, prepayment speeds, default rates, credit risks and loss severities), and inputs that are derived from or corroborated by market data, among others. ​ ● Level 3 Inputs : Unobservable inputs that reflect an entity’s own estimates about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . ​ Fair Value Option ​ The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the retained mortgage servicing rights (“MSR”) asset at fair value, under the provisions of the Fair Value Option. The Company elected to apply the provisions of the Fair Value Option to these items so that it would have the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. At June 30, 2022 and December 31, 2021, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $1.37 billion and $1.78 billion, respectively, and the unpaid principal balance of those loans was $1.35 billion and $1.73 billion, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. ​ The Company holds a number of financial instruments that are measured at fair value on a recurring basis, either by the application of the Fair Value Option or other authoritative pronouncements. The fair values of those instruments are determined primarily using Level 2 inputs, as further described below. Those inputs include quotes from mortgage loan investors and derivatives dealers and data from independent pricing services. The fair value of loans held for sale is determined using an exit price method. ​ The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total June 30, 2022 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,594 ​ $ 584,679 ​ $ — ​ $ 593,273 ​ Available for sale securities ​ ​ — ​ ​ 1,562,222 ​ ​ — ​ ​ 1,562,222 ​ Equity securities ​ ​ 197 ​ ​ — ​ ​ — ​ ​ 197 ​ Loans held for sale ​ ​ — ​ ​ 1,330,651 ​ ​ 41,732 ​ ​ 1,372,383 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 9,027 ​ ​ 9,027 ​ Derivative assets ​ ​ — ​ ​ 82,918 ​ ​ — ​ ​ 82,918 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 121,688 ​ ​ 121,688 ​ Securities sold, not yet purchased ​ ​ 68,543 ​ ​ 67,425 ​ ​ — ​ ​ 135,968 ​ Derivative liabilities ​ ​ — ​ ​ 26,661 ​ ​ — ​ ​ 26,661 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ The following tables include a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Included in Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Period ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 45,977 ​ $ 13,456 ​ $ (12,090) ​ $ 1,094 ​ $ (6,705) ​ $ — ​ $ 41,732 Loans held for investment ​ ​ 9,611 ​ ​ — ​ ​ (562) ​ ​ — ​ ​ (22) ​ ​ — ​ ​ 9,027 MSR asset ​ 100,475 ​ ​ 11,210 ​ ​ — ​ ​ — ​ ​ 10,003 ​ ​ — ​ 121,688 Total ​ $ 156,063 ​ $ 24,666 ​ $ (12,652) ​ $ 1,094 ​ $ 3,276 ​ $ — ​ $ 172,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 20,442 ​ $ (24,748) ​ $ 5,838 ​ $ (7,516) ​ $ — ​ $ 41,732 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ (22) ​ ​ — ​ ​ 9,027 MSR asset ​ ​ 86,990 ​ ​ 18,510 ​ ​ (1,876) ​ ​ — ​ ​ 18,064 ​ ​ — ​ ​ 121,688 Total ​ $ 134,706 ​ $ 48,563 ​ $ (27,186) ​ $ 5,838 ​ $ 10,526 ​ $ — ​ $ 172,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 77,275 ​ $ 18,962 ​ $ (22,272) ​ $ (2,549) ​ $ 17 ​ $ — ​ $ 71,433 MSR asset ​ ​ 142,125 ​ ​ 15,815 ​ ​ (31,850) ​ ​ — ​ ​ (1,593) ​ ​ — ​ ​ 124,497 Total ​ $ 219,400 ​ $ 34,777 ​ $ (54,122) ​ $ (2,549) ​ $ (1,576) ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 31,456 ​ $ (29,511) ​ $ (1,808) ​ $ (520) ​ $ — ​ $ 71,433 MSR asset ​ ​ 143,742 ​ ​ 50,115 ​ ​ (84,633) ​ ​ — ​ ​ 15,273 ​ ​ — ​ ​ 124,497 Total ​ $ 215,558 ​ $ 81,571 ​ $ (114,144) ​ $ (1,808) ​ $ 14,753 ​ $ — ​ $ 195,930 ​ All net realized and unrealized gains (losses) in the tables above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at June 30, 2022. ​ For material Level 3 financial instruments measured at fair value on a recurring basis at June 30, 2022 and December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs June 30, 2022 ​ December 31, 2021 Loans held for sale ​ Market comparable ​ Projected price ​ 86 - 89 % ( 87 %) ​ 94 - 95 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 11.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.42 % ​ ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ 14.32 % ​ ​ The fair value of certain loans held for sale that cannot be sold through normal sale channels or are non-performing is measured using Level 3 inputs. The fair value of such loans is generally based upon estimates of expected cash flows using unobservable inputs, including listing prices of comparable assets, uncorroborated expert opinions, and/or management’s knowledge of underlying collateral. ​ The fair value of certain loans held for investment by the Company’s merchant bank subsidiary is measured using the income approach with Level 3 inputs. The fair value of such loans is based upon estimates of expected cash flows using unobservable inputs, including credit spreads derived from comparable securities and benchmark credit curves, and management’s knowledge of underlying collateral. ​ The MSR asset is reported at fair value using Level 3 inputs. The MSR asset is valued by projecting net servicing cash flows, which are then discounted to estimate the fair value. The fair value of the MSR asset is impacted by a variety of factors. Prepayment and discount rates, the most significant unobservable inputs, are discussed further in Note 7 to the consolidated financial statements. The decrease in the prepayment rate used to value the MSR asset at June 30, 2022, compared to December 31, 2021, reflects the effect of increased mortgage rates reducing consumer refinancing activity, while the decrease in the discount rate addresses recent market trends related to MSR sales during the same period. ​ 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 material instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022 ​ Three Months Ended June 30, 2021 ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ 14,862 ​ $ — ​ $ 14,862 ​ $ 45,439 ​ $ — ​ $ 45,439 Loans held for investment ​ ​ (283) ​ ​ — ​ ​ (283) ​ ​ — ​ ​ — ​ ​ — MSR asset ​ 10,003 ​ — ​ 10,003 ​ (1,593) ​ — ​ (1,593) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2022 ​ Six Months Ended June 30, 2021 ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ (35,994) ​ $ — ​ $ (35,994) ​ $ (22,517) ​ $ — ​ $ (22,517) Loans held for investment ​ (283) ​ — ​ (283) ​ — ​ — ​ — MSR asset ​ 18,064 ​ — ​ 18,064 ​ 15,273 ​ — ​ 15,273 ​ The Fair Value of Financial Instruments Subsection of the ASC requires disclosure of the fair value of financial assets and liabilities, including the financial assets and liabilities previously discussed. There have been no changes to the methods for determining estimated fair value for financial assets and liabilities as described in detail in Note 4 to the consolidated financial statements included in the Company’s 2021 Form 10-K. The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ June 30, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,783,935 ​ $ 1,783,935 ​ $ — ​ $ — ​ $ 1,783,935 Assets segregated for regulatory purposes ​ ​ 120,816 ​ ​ 120,816 ​ ​ — ​ ​ — ​ ​ 120,816 Securities purchased under agreements to resell ​ ​ 139,929 ​ ​ — ​ ​ 139,929 ​ ​ — ​ ​ 139,929 Held to maturity securities ​ ​ 920,583 ​ ​ — ​ ​ 876,531 ​ ​ — ​ ​ 876,531 Loans held for sale ​ ​ 119,197 ​ ​ — ​ ​ 119,197 ​ ​ — ​ ​ 119,197 Loans held for investment, net ​ ​ 7,826,294 ​ ​ — ​ ​ 463,004 ​ ​ 7,265,441 ​ ​ 7,728,445 Broker-dealer and clearing organization receivables ​ 1,049,830 ​ — ​ 1,049,830 ​ — ​ 1,049,830 Other assets ​ 70,069 ​ — ​ 68,397 ​ 1,672 ​ 70,069 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,920,786 ​ — ​ 11,907,658 ​ — ​ 11,907,658 Broker-dealer and clearing organization payables ​ 934,818 ​ — ​ 934,818 ​ — ​ 934,818 Short-term borrowings ​ 822,649 ​ — ​ 822,649 ​ — ​ 822,649 Debt ​ 389,722 ​ — ​ 389,722 ​ — ​ 389,722 Other liabilities ​ 3,895 ​ — ​ 3,895 ​ — ​ 3,895 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ The Company held equity investments other than securities of $62.2 million and $54.0 million at June 30, 2022 and December 31, 2021, respectively, which are included within other assets in the consolidated balance sheets. Of the $62.2 million of such equity investments held at June 30, 2022, $28.2 million do not have readily determinable fair values and each is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period $ 27,986 $ 22,905 ​ $ 16,817 $ 22,844 Additional investments ​ — ​ ​ — ​ ​ 11,000 ​ ​ — Upward adjustments ​ 231 ​ ​ 5,763 ​ ​ 445 ​ ​ 5,884 Impairments and downward adjustments ​ (34) ​ ​ (704) ​ ​ (79) ​ ​ (764) Dispositions — ​ (975) ​ — ​ (975) Balance, end of period $ 28,183 ​ $ 26,989 ​ $ 28,183 ​ $ 26,989 ​

Securities

Securities	6 Months Ended
	Jun. 30, 2022
Securities
Securities	4. Securities ​ The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 U.S. Treasury securities $ 3,689 $ 3,728 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ ​ 17,303 ​ ​ 3,410 Residential mortgage-backed securities ​ 133,290 ​ 152,093 Collateralized mortgage obligations ​ ​ 124,997 ​ ​ 126,389 Corporate debt securities ​ ​ 64,543 ​ ​ 60,671 States and political subdivisions ​ ​ 226,986 ​ ​ 285,376 Private-label securitized product ​ ​ 16,529 ​ ​ 11,377 Other ​ ​ 5,936 ​ ​ 4,954 Totals ​ $ 593,273 ​ $ 647,998 ​ In addition to the securities shown above, the Hilltop Broker-Dealers enter into transactions that represent commitments to purchase and deliver securities at prevailing future market prices to facilitate customer transactions and satisfy such commitments. Accordingly, the Hilltop Broker-Dealers’ ultimate obligations may exceed the amount recognized in the financial statements. These securities, which are carried at fair value and reported as securities sold, not yet purchased in the consolidated balance sheets, had a value of $136.0 million and $96.6 million at June 30, 2022 and December 31, 2021, respectively. ​ The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 24,937 ​ $ — ​ $ (600) ​ $ 24,337 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 77,283 ​ ​ 482 ​ ​ (443) ​ ​ 77,322 Residential mortgage-backed securities ​ 486,800 ​ 80 ​ (32,942) ​ 453,938 Commercial mortgage-backed securities ​ ​ 189,572 ​ 62 ​ (23,618) ​ 166,016 Collateralized mortgage obligations ​ 848,031 ​ 76 ​ (45,584) ​ 802,523 States and political subdivisions ​ 41,214 ​ 163 ​ (3,291) ​ 38,086 Totals ​ $ 1,667,837 ​ $ 863 ​ $ (106,478) ​ $ 1,562,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 315,666 ​ $ — ​ $ (15,987) ​ $ 299,679 Commercial mortgage-backed securities ​ ​ 196,733 ​ 19 ​ (6,543) ​ 190,209 Collateralized mortgage obligations ​ 336,313 ​ — ​ (15,802) ​ 320,511 States and political subdivisions ​ 71,871 ​ 28 ​ (5,767) ​ 66,132 Totals ​ $ 920,583 ​ $ 47 ​ $ (44,099) ​ $ 876,531 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Additionally, the Company had unrealized net gains of $0.1 million and $0.2 million at June 30, 2022 and December 31, 2021 from equity securities with fair values of $0.2 million and $0.2 ​ The Company transferred certain agency-issued securities from the available-for-sale to held-to-maturity portfolio on March 31, 2022 having a book value of approximately $782 million and a market value of approximately $708 million. As of the date of transfer, the related pre-tax net unrecognized losses of approximately $74 million within the accumulated other comprehensive loss balance are being amortized over the remaining term of the securities using the effective interest method. This transfer was completed after careful consideration of the Company’s intent and ability to hold these securities to maturity. Factors used in assessing the ability to hold these securities to maturity were future liquidity needs and sources of funding. ​ Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ 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 3 ​ $ 24,337 ​ $ 600 2 ​ $ 14,862 ​ $ 75 Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 3 ​ 24,337 ​ 600 2 ​ 14,862 ​ 75 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ ​ 4,831 ​ ​ 168 2 ​ ​ 9,904 ​ ​ 94 Unrealized loss for twelve months or longer 2 ​ 10,841 ​ 275 1 ​ 6,184 ​ 59 ​ 3 ​ ​ 15,672 ​ ​ 443 3 ​ 16,088 ​ 153 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 108 ​ 388,795 ​ 25,793 52 ​ 548,392 ​ 6,915 Unrealized loss for twelve months or longer 8 ​ 58,313 ​ 7,149 17 ​ 104,378 ​ 2,702 ​ 116 ​ ​ 447,108 ​ ​ 32,942 69 ​ 652,770 ​ 9,617 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 10 ​ 109,985 ​ 13,622 5 ​ 65,636 ​ 1,776 Unrealized loss for twelve months or longer 5 ​ 49,979 ​ 9,996 14 ​ 138,619 ​ 7,352 ​ 15 ​ ​ 159,964 ​ ​ 23,618 19 ​ 204,255 ​ 9,128 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 117 ​ 748,245 ​ 42,634 72 ​ 618,464 ​ 11,316 Unrealized loss for twelve months or longer 8 ​ 22,853 ​ 2,950 10 ​ 62,647 ​ 1,148 ​ 125 ​ ​ 771,098 ​ ​ 45,584 82 ​ 681,111 ​ 12,464 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 42 ​ 22,054 ​ 2,535 14 ​ 5,576 ​ 200 Unrealized loss for twelve months or longer 6 ​ 1,970 ​ 756 — ​ — ​ — ​ 48 ​ ​ 24,024 ​ ​ 3,291 14 ​ 5,576 ​ 200 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 281 ​ 1,298,247 ​ 85,352 147 ​ 1,262,834 ​ 20,376 Unrealized loss for twelve months or longer 29 ​ 143,956 ​ 21,126 42 ​ 311,828 ​ 11,261 ​ 310 ​ $ 1,442,203 ​ $ 106,478 189 ​ $ 1,574,662 ​ $ 31,637 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 30 ​ $ 196,968 ​ $ 9,481 — ​ $ — ​ $ — Unrealized loss for twelve months or longer 15 ​ 102,710 ​ 6,506 — ​ — ​ — ​ 45 ​ 299,678 ​ 15,987 — ​ — ​ — Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 31 ​ 180,360 ​ 6,347 — ​ — ​ — Unrealized loss for twelve months or longer 1 ​ 3,073 ​ 196 — ​ — ​ — ​ 32 ​ 183,433 ​ 6,543 — ​ — ​ — Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 47 ​ 247,023 ​ 11,557 — ​ — ​ — Unrealized loss for twelve months or longer 9 ​ 73,481 ​ 4,245 — ​ — ​ — ​ 56 ​ 320,504 ​ 15,802 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 161 ​ ​ 57,790 ​ ​ 5,713 2 ​ ​ 558 ​ ​ 1 Unrealized loss for twelve months or longer 1 ​ 214 ​ 54 1 ​ 266 ​ 2 ​ 162 ​ 58,004 ​ 5,767 3 ​ 824 ​ 3 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 269 ​ 682,141 ​ 33,098 2 ​ 558 ​ 1 Unrealized loss for twelve months or longer 26 ​ 179,478 ​ 11,001 1 ​ 266 ​ 2 ​ 295 ​ $ 861,619 ​ $ 44,099 3 ​ $ 824 ​ $ 3 ​ Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. The amortized cost and fair value of securities, excluding trading and equity securities, at June 30, 2022 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 ​ $ 34,547 ​ $ 34,413 ​ $ 275 ​ $ 275 Due after one year through five years ​ 23,446 ​ 22,607 ​ 1,386 ​ 1,359 Due after five years through ten years ​ 21,963 ​ 21,878 ​ 16,580 ​ 15,840 Due after ten years ​ 63,478 ​ 60,847 ​ 53,630 ​ 48,658 ​ ​ 143,434 ​ 139,745 ​ 71,871 ​ 66,132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 486,800 ​ 453,938 ​ 315,666 ​ 299,679 Commercial mortgage-backed securities ​ 189,572 ​ 166,016 ​ 196,733 ​ 190,209 Collateralized mortgage obligations ​ 848,031 ​ 802,523 ​ 336,313 ​ 320,511 ​ ​ $ 1,667,837 ​ $ 1,562,222 ​ $ 920,583 ​ $ 876,531 ​ The Company recognized net gains of $6.8 million and $11.1 million from its trading portfolio during the three months ended June 30, 2022 and 2021, respectively, and net losses of $4.7 million and net gains of $19.8 million during the six months ended June 30, 2022 and 2021. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $2.4 million and net losses from structured product trading activities of $8.9 million during the three months ended June 30, 2022 and 2021, respectively, and net gains from structured product trading activities of $9.1 million and $35.1 million during the six months ended June 30, 2022 and 2021. The Company had nominal other realized gains and losses on securities during the three months ended June 30, 2022 and 2021, respectively. Other realized gains on securities during the six months ended June 30, 2022 were nominal, compared with other realized losses on securities of $0.1 million during the six months ended June 30, 2021. All such realized gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. ​ Securities with a carrying amount of $806.5 million and $809.9 million (with a fair value of $753.9 million and $817.7 million, respectively) at June 30, 2022 and December 31, 2021, respectively, were pledged by the Bank to secure public and trust deposits, federal funds purchased and securities sold under agreements to repurchase, and for other purposes as required or permitted by law. Substantially all of these pledged securities were included in the available for sale and held to maturity securities portfolios at June 30, 2022 and December 31, 2021. ​ Mortgage-backed securities and collateralized mortgage obligations consist primarily of Government National Mortgage Association (“GNMA”), Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) pass-through and participation certificates. GNMA securities are guaranteed by the full faith and credit of the United States, while FNMA and FHLMC securities are fully guaranteed by those respective United States government-sponsored enterprises, and conditionally guaranteed by the full faith and credit of the United States.

Loans Held for Investment

Loans Held for Investment	6 Months Ended
	Jun. 30, 2022
Loans Held for Investment
Loans Held for Investment	5. Loans Held for Investment ​ The Bank originates loans to customers primarily in Texas. Although the Bank has diversified loan and leasing portfolios and, generally, holds collateral against amounts advanced to customers, its debtors’ ability to honor their contracts is substantially dependent upon the general economic conditions of the region and of the industries in which its debtors operate, which consist primarily of agribusiness, construction, energy, real estate and wholesale/retail trade. The Hilltop Broker-Dealers make loans to customers and correspondents through transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control risk by requiring customers to maintain collateral in compliance with various regulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for loans are not included in the consolidated financial statements. ​ Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Commercial real estate ​ $ 3,262,628 ​ $ 3,042,729 Commercial and industrial (1) ​ 1,786,116 ​ ​ 1,875,420 Construction and land development ​ 922,047 ​ ​ 892,783 1-4 family residential ​ ​ 1,468,962 ​ ​ 1,303,430 Consumer ​ ​ 27,862 ​ ​ 32,349 Broker-dealer (2) ​ ​ 463,004 ​ ​ 733,193 ​ ​ 7,930,619 ​ 7,879,904 Allowance for credit losses ​ (95,298) ​ ​ (91,352) Total loans held for investment, net of allowance ​ $ 7,835,321 ​ $ 7,788,552 (1) Included loans totaling $7.0 million and $77.7 million at June 30, 2022 and December 31, 2021, respectively, funded through the Paycheck Protection Program. (2) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations. ​ The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ Allowance Allowance Total Allowance Allowance Total 2022 2021 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 603 ​ $ 653 ​ $ 1,256 ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 60 ​ $ 54 ​ $ 157 ​ $ 128 Owner occupied ​ 3,084 ​ ​ 607 ​ ​ 3,691 ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ ​ 334 ​ ​ 139 ​ ​ 417 ​ ​ 229 Commercial and industrial ​ ​ 9,112 ​ ​ 4,203 ​ ​ 13,315 ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 439 ​ ​ 331 ​ ​ 627 ​ ​ 474 Construction and land development ​ 1 ​ ​ — ​ ​ 1 ​ 2 ​ ​ — ​ ​ 2 ​ ​ 8 ​ ​ 20 ​ ​ 15 ​ ​ 35 1-4 family residential ​ 531 ​ ​ 12,831 ​ ​ 13,362 ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ ​ 1,304 ​ ​ 1,106 ​ ​ 1,725 ​ ​ 2,030 Consumer ​ 19 ​ ​ — ​ ​ 19 ​ 23 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ (121) ​ ​ — ​ ​ (121) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 13,350 ​ $ 18,294 ​ $ 31,644 ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 2,145 ​ $ 1,529 ​ $ 2,941 ​ $ 2,775 ​ At June 30, 2022 and December 31, 2021, $3.2 million and $2.9 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, 2021 to June 30, 2022, by $15.7 million. The change in nonaccrual loans was primarily due to decreases in commercial and industrial loans of $9.2 million, 1-4 family residential loans of $4.8 million, and commercial real estate non-owner occupied loans of $1.0 million. The respective decreases in commercial and industrial loans and commercial real estate non-owner occupied loans in non-accrual status since December 31, 2021 were primarily due to principal paydowns, settlements, and charge-offs associated with five relationships. ​ The Company considers non-accrual loans to be collateral-dependent unless there are underlying mitigating circumstances, such as expected cash flow recovery. The practical expedient to measure the allowance using the fair value of the collateral has been implemented. ​ The Bank classifies loan modifications as troubled debt restructurings (“TDRs”) when it concludes that it has both granted a concession to a debtor and that the debtor is experiencing financial difficulties. Loan modifications are typically structured to create affordable payments for the debtor and can be achieved in a variety of ways. The Bank modifies loans by reducing interest rates and/or lengthening loan amortization schedules. The Bank may also reconfigure a single loan into two or more loans (“A/B Note”). The typical A/B Note restructure results in a “bad” loan which is charged off and a “good” loan or loans, the terms of which comply with the Bank’s customary underwriting policies. The debt charged off on the “bad” loan is not forgiven to the debtor. ​ In March 2020, the CARES Act was passed, which, among other things, allows the Bank to suspend the requirements for certain loan modifications to be categorized as a TDR, including the related impairment for accounting purposes. On December 27, 2020, the Consolidated Appropriations Act 2021 was signed into law . ​ There were two TDRs granted during the three months ended June 30, 2022 with a balance at date of extension of $3.0 million and a balance at June 30, 2022 of $3.0 million that do not qualify for the CARES Act exemption. There were three TDRs granted during the six months ended June 30, 2022 with a balance at date of extension of $3.6 million and a balance at June 30, 2022 of $3.1 million that do not qualify for the CARES Act exemption. During the three and six months ended June 30, 2021 there was one TDR granted with a balance at date of extension of $0.7 million and a balance at June 30, 2021 of $0.7 million that did not qualify for the CARES Act exemption. The Bank had no unadvanced commitments to borrowers whose loans had been restructured in TDRs at June 30, 2022 and nominal unadvanced commitments to such borrowers at December 31, 2021. There were no TDRs granted during the twelve months preceding June 30, 2022 and 2021 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 ​ Total Past ​ Current ​ Total ​ Past Due June 30, 2022 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ — ​ $ — ​ $ 198 ​ $ 198 ​ $ 1,910,938 ​ $ 1,911,136 ​ $ — Owner occupied ​ 3,020 ​ ​ 36 ​ ​ 83 ​ ​ 3,139 ​ ​ 1,348,353 ​ ​ 1,351,492 ​ ​ — Commercial and industrial ​ ​ 9,086 ​ ​ 59 ​ ​ 8,025 ​ ​ 17,170 ​ ​ 1,768,946 ​ ​ 1,786,116 ​ ​ — Construction and land development ​ 4,288 ​ ​ 116 ​ ​ — ​ ​ 4,404 ​ ​ 917,643 ​ ​ 922,047 ​ ​ — 1-4 family residential ​ 4,709 ​ ​ 1,551 ​ ​ 5,876 ​ ​ 12,136 ​ ​ 1,456,826 ​ ​ 1,468,962 ​ ​ 102 Consumer ​ 191 ​ ​ 15 ​ ​ 18 ​ ​ 224 ​ ​ 27,638 ​ ​ 27,862 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 463,004 ​ ​ 463,004 ​ ​ — ​ ​ $ 21,294 ​ $ 1,777 ​ $ 14,200 ​ $ 37,271 ​ $ 7,893,348 ​ $ 7,930,619 ​ $ 102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ 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 ​ In addition to the loans shown in the tables above, PrimeLending had $82.3 million and $60.7 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $82.8 million and $61.7 million, respectively) that were 90 days past due and accruing interest at June 30, 2022 and December 31, 2021, respectively. These loans are guaranteed by U.S. government agencies and include loans that are subject to repurchase, or have been repurchased, by PrimeLending. ​ In response to the COVID-19 pandemic, the Company allowed modifications, such as payment deferrals for up to 90 days and temporary forbearance, to credit-worthy borrowers who are experiencing temporary hardship due to the effects of COVID-19. These short-term modifications generally meet the criteria of the CARES Act and, therefore, they are not reported as past due or placed on non-accrual status (provided the loans were not past due or on non-accrual status prior to the deferral). The Company elected to accrue and recognize interest income on these modifications during the payment deferral period. ​ Additionally, the Company granted temporary forbearance to borrowers of a federally backed mortgage loan experiencing financial hardship due, directly or indirectly, to the COVID-19 pandemic. The CARES Act, which among other things, established the ability for financial institutions to grant a forbearance for up to 180 days, which can be extended for an additional 180-day period upon the request of the borrower. During that time, no fees, penalties or interest beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the mortgage contract will accrue on the borrower’s account. As of June 30, 2022, PrimeLending had $36.1 million of loans subject to repurchase under a forbearance agreement related to delinquencies on or after April 1, 2020. ​ Management tracks credit quality trends on a quarterly basis related to: (i) past due levels, (ii) non-performing asset levels, (iii) classified loan levels, and (iv) general economic conditions in state and local markets. The Company defines classified loans as loans with a risk rating of substandard, doubtful or loss. There have been no changes to the risk rating internal grades utilized for commercial loans as described in detail in Note 6 to the consolidated financial statements in the Company’s 2021 Form 10-K. ​ The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2017 and ​ ​ ​ ​ ​ ​ June 30, 2022 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 44,621 ​ $ 74,976 ​ $ 20,075 ​ $ 9,882 ​ $ 8,788 ​ $ 11,757 ​ $ 2 ​ $ 170,101 Internal Grade 4-7 (Pass normal risk) ​ ​ 284,152 ​ ​ 296,372 ​ ​ 143,410 ​ ​ 115,193 ​ ​ 41,986 ​ ​ 80,885 ​ ​ 28,181 ​ ​ 990,179 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 82,153 ​ ​ 166,149 ​ ​ 181,713 ​ ​ 81,382 ​ ​ 72,866 ​ ​ 92,202 ​ ​ 1,550 ​ ​ 678,015 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 37,929 ​ ​ 14,659 ​ ​ 4,093 ​ ​ 8,222 ​ ​ 25 ​ ​ 6,657 ​ ​ — ​ ​ 71,585 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ 403 ​ ​ — ​ ​ — ​ ​ — ​ ​ 853 ​ ​ — ​ ​ 1,256 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 24,732 ​ $ 111,984 ​ $ 58,631 ​ $ 18,662 ​ $ 13,920 ​ $ 60,532 ​ $ 6,002 ​ $ 294,463 Internal Grade 4-7 (Pass normal risk) ​ ​ 128,192 ​ ​ 178,018 ​ ​ 96,688 ​ ​ 88,070 ​ ​ 93,945 ​ ​ 73,876 ​ ​ 13,760 ​ ​ 672,549 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 45,893 ​ ​ 70,970 ​ ​ 92,234 ​ ​ 30,607 ​ ​ 63,765 ​ ​ 30,528 ​ ​ 13,571 ​ ​ 347,568 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 4,185 ​ ​ 487 ​ ​ 6,090 ​ ​ 3,029 ​ ​ 6,246 ​ ​ 13,184 ​ ​ — ​ ​ 33,221 Internal Grade 14 (Substandard non-accrual) ​ ​ 108 ​ ​ 893 ​ ​ — ​ ​ (4) ​ ​ 335 ​ ​ 2,359 ​ ​ — ​ ​ 3,691 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 17,214 ​ $ 29,527 ​ $ 28,377 ​ $ 23,373 ​ $ 2,385 ​ $ 2,819 ​ $ 41,940 ​ $ 145,635 Internal Grade 4-7 (Pass normal risk) ​ ​ 111,653 ​ ​ 136,239 ​ ​ 70,470 ​ ​ 17,397 ​ ​ 12,734 ​ ​ 18,508 ​ ​ 367,904 ​ ​ 734,905 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 53,684 ​ ​ 81,940 ​ ​ 53,889 ​ ​ 20,382 ​ ​ 3,850 ​ ​ 5,998 ​ ​ 268,569 ​ ​ 488,312 Internal Grade 12 (Special mention) ​ ​ 92 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 92 Internal Grade 13 (Substandard accrual) ​ ​ 3,220 ​ ​ 1,910 ​ ​ 7,413 ​ ​ 6,175 ​ ​ 7,624 ​ ​ 7,377 ​ ​ 9,433 ​ ​ 43,152 Internal Grade 14 (Substandard non-accrual) ​ ​ 241 ​ ​ 1,442 ​ ​ 11,094 ​ ​ — ​ ​ 229 ​ ​ 309 ​ ​ — ​ ​ 13,315 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 9,291 ​ $ 18,711 ​ $ 22,587 ​ $ 929 ​ $ 1,514 ​ $ 3,151 ​ $ — ​ $ 56,183 Internal Grade 4-7 (Pass normal risk) ​ ​ 172,579 ​ ​ 283,798 ​ ​ 51,938 ​ ​ 15,522 ​ ​ 3,381 ​ ​ 2,208 ​ ​ 60,345 ​ ​ 589,771 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 93,777 ​ ​ 102,553 ​ ​ 32,549 ​ ​ 862 ​ ​ 118 ​ ​ 1,596 ​ ​ 15,517 ​ ​ 246,972 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ 1,328 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 5,276 ​ ​ — ​ ​ 6,627 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 530 ​ ​ 72 ​ ​ — ​ ​ — ​ ​ 993 ​ ​ — ​ ​ — ​ ​ 1,595 FICO greater than 720 ​ ​ 11,714 ​ ​ 5,822 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,591 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 3,133 ​ ​ 174 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,307 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 204 ​ $ 814 ​ $ 784 ​ $ 834 ​ $ 3,561 ​ $ 23,679 ​ $ 253 ​ $ 30,129 FICO between 620 and 720 ​ ​ 3,130 ​ ​ 14,876 ​ ​ 8,634 ​ ​ 5,992 ​ ​ 6,269 ​ ​ 28,804 ​ ​ 2,715 ​ ​ 70,420 FICO greater than 720 ​ ​ 194,965 ​ ​ 816,610 ​ ​ 111,904 ​ ​ 48,471 ​ ​ 30,196 ​ ​ 54,972 ​ ​ 3,279 ​ ​ 1,260,397 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 266 ​ ​ 13,097 ​ ​ — ​ ​ 13,362 Other (1) ​ ​ 54,621 ​ ​ 28,516 ​ ​ 3,146 ​ ​ 2,503 ​ ​ 583 ​ ​ 4,705 ​ ​ 580 ​ ​ 94,654 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,288 ​ $ 411 ​ $ 138 ​ $ 83 ​ $ 15 ​ $ 47 ​ $ 336 ​ $ 2,318 FICO between 620 and 720 ​ ​ 2,824 ​ ​ 2,020 ​ ​ 670 ​ ​ 573 ​ ​ 44 ​ ​ 401 ​ ​ 1,809 ​ ​ 8,341 FICO greater than 720 ​ ​ 3,184 ​ ​ 2,063 ​ ​ 1,614 ​ ​ 542 ​ ​ 120 ​ ​ 2 ​ ​ 3,072 ​ ​ 10,597 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Other (1) ​ ​ 3,627 ​ ​ 1,924 ​ ​ 492 ​ ​ 241 ​ ​ 8 ​ ​ 25 ​ ​ 270 ​ ​ 6,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,392,936 ​ $ 2,445,661 ​ $ 1,008,687 ​ $ 498,945 ​ $ 375,766 ​ $ 545,827 ​ $ 839,088 ​ $ 7,106,910 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 344,662 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,016 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 9,027 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 463,004 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,930,619 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Losses
Allowance for Credit Losses	6. Allowance for Credit Losses ​ ​ Available for Sale Securities and Held to Maturity Securities ​ The Company has evaluated available for sale debt securities that are in an unrealized loss position and has determined that any decline in value is unrelated to credit loss and related to changes in market interest rates since purchase. None of the available for sale debt securities held were past due at June 30, 2022. In addition, as of June 30, 2022, 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. ​ 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’s methodology for determining the allowance for credit losses uses the current expected credit losses (“CECL”) standard. Management considers the level of allowance for credit losses to be a reasonable and supportable estimate of expected credit losses inherent within the loans held for investment portfolio as of June 30, 2022. While the Company believes it has an appropriate allowance for the existing loan portfolio at June 30, 2022, additional provision for losses on existing loans may be necessary in the future. Future changes in the allowance for credit losses are expected to be volatile given dependence upon, among other things, the portfolio composition and quality, as well as the impact of significant drivers, including prepayment assumptions and macroeconomic conditions and forecasts. In addition to the allowance for credit losses, the Company maintains a separate allowance for credit losses related to off-balance sheet credit exposures, including unfunded loan commitments, and this amount is included in other liabilities within the consolidated balance sheets. For further information on the policies that govern the estimation of the allowances for credit losses levels, see Note 1 to the consolidated financial statements in the Company’s 2021 Form 10-K. ​ One of the most significant judgments involved in estimating the Company’s allowance for credit losses relates to the macroeconomic forecasts used to estimate credit losses over the reasonable and supportable forecast period. To determine our best estimate of expected credit losses as of June 30, 2022, the Company utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in June 2022 that was updated to reflect the U.S. economic outlook. This alternative economic scenario expects inflation to rise more than the baseline scenario as the military conflict between Russia and Ukraine persists longer than anticipated. Inflation continues to trend higher than expectation as supply-chain issues and reductions in disposable income persist during the reasonable and supportable period. Federal Reserve monetary policy raises interest rates faster and higher than the baseline scenario where the federal funds rate increases to 3.5% by the third quarter of 2023. Other 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 has adversely impacted financial markets and overall economic conditions, and may continue to have implications on 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. ​ During the three and six months ended June 30, 2021, the decreases in the allowance reflect improvement in both realized economic results and the macroeconomic outlook and were significantly comprised of net reversals of credit losses on expected losses of collectively evaluated loans of $27.7 million and $34.2 million, respectively. Such reversals were primarily due to improvements in the macroeconomic forecast assumptions and positive risk rating grade migration, including a high concentration of credits within the restaurant and commercial real estate industry sectors. The net impact to the allowance of changes associated with individually evaluated loans during the three months ended June 30, 2021 was a reversal of credit losses of $1.0 million, while the six months ended June 30, 2021 included a provision of credit losses of $0.4 million. The changes in the allowance for credit losses during the noted periods were primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior quarter. The changes in the allowance during the three months ended June 30, 2021 were also impacted by net charge-offs of $0.5 million, while the six months ended June 30, 2021 included net recoveries of $0.1 million. ​ During the three and six months ended June 30, 2022, the increases in the allowance reflected a deteriorating U.S. economic outlook, partially offset by decreases in specific reserves and positive risk rating grade migration. The net impact to the allowance of changes associated with individually evaluated loans during the three and six months ended June 30, 2022 included a reversal of credit losses of $1.3 million and $1.0 million, respectively, while collectively evaluated loans included a provision for credit losses of $6.6 million and $6.4 million, respectively. The changes in the allowance for credit losses during the noted periods were primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior quarter. The changes in the allowance during the three and six months ended June 30, 2022 were also impacted by net charge-offs of $1.2 million and $1.5 million, respectively. ​ Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended June 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 60,361 ​ $ 3,347 ​ $ — ​ $ 11 ​ $ 63,719 Commercial and industrial ​ 20,130 ​ ​ 871 ​ ​ (1,892) ​ ​ 727 ​ 19,836 Construction and land development ​ 5,515 ​ ​ (519) ​ ​ — ​ ​ — ​ 4,996 1-4 family residential ​ 4,340 ​ ​ 1,212 ​ ​ (33) ​ ​ 35 ​ 5,554 Consumer ​ ​ 499 ​ ​ 114 ​ ​ (99) ​ ​ 28 ​ ​ 542 Broker-dealer ​ ​ 340 ​ ​ 311 ​ ​ — ​ ​ — ​ ​ 651 Total ​ $ 91,185 ​ $ 5,336 ​ $ (2,024) ​ $ 801 ​ $ 95,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Six Months Ended June 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 59,354 ​ $ 4,322 ​ $ — ​ $ 43 ​ $ 63,719 Commercial and industrial ​ 21,982 ​ ​ (679) ​ ​ (3,101) ​ ​ 1,634 ​ 19,836 Construction and land development ​ 4,674 ​ ​ 322 ​ ​ — ​ ​ — ​ 4,996 1-4 family residential ​ 4,589 ​ ​ 965 ​ ​ (48) ​ ​ 48 ​ 5,554 Consumer ​ ​ 578 ​ ​ 45 ​ ​ (212) ​ ​ 131 ​ ​ 542 Broker-dealer ​ ​ 175 ​ ​ 476 ​ ​ — ​ ​ — ​ ​ 651 Total ​ $ 91,352 ​ $ 5,451 ​ $ (3,361) ​ $ 1,856 ​ $ 95,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended June 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 104,126 ​ $ (26,527) ​ $ (186) ​ $ 220 ​ $ 77,633 Commercial and industrial ​ 28,513 ​ ​ (106) ​ ​ (1,242) ​ ​ 701 ​ 27,866 Construction and land development ​ 7,249 ​ ​ (2,064) ​ ​ — ​ ​ — ​ 5,185 1-4 family residential ​ 3,388 ​ ​ 269 ​ ​ (51) ​ ​ 53 ​ 3,659 Consumer ​ ​ 944 ​ ​ (347) ​ ​ (74) ​ ​ 69 ​ ​ 592 Broker-dealer ​ ​ 279 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 334 Total ​ $ 144,499 ​ $ (28,720) ​ $ (1,553) ​ $ 1,043 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Six Months Ended June 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 109,629 ​ $ (32,044) ​ $ (186) ​ $ 234 ​ $ 77,633 Commercial and industrial ​ 27,703 ​ ​ 450 ​ ​ (1,421) ​ ​ 1,134 ​ 27,866 Construction and land development ​ 6,677 ​ ​ (1,492) ​ ​ — ​ ​ — ​ 5,185 1-4 family residential ​ 3,946 ​ ​ (588) ​ ​ (161) ​ ​ 462 ​ 3,659 Consumer ​ ​ 876 ​ ​ (276) ​ ​ (153) ​ ​ 145 ​ ​ 592 Broker-dealer ​ ​ 213 ​ ​ 121 ​ ​ — ​ ​ — ​ ​ 334 Total ​ $ 149,044 ​ $ (33,829) ​ $ (1,921) ​ $ 1,975 ​ $ 115,269 ​ Unfunded Loan Commitments ​ The Bank uses a process similar to that used in estimating the allowance for credit losses on the funded portion to estimate the allowance for credit loss on unfunded loan commitments. The allowance is based on the estimated exposure at default, multiplied by the lifetime Probability of Default grade and Loss Given Default grade for that particular loan segment. The Bank estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type. The expected losses on unfunded commitments align with statistically calculated parameters used to calculate the allowance for credit losses on the funded portion. There is no reserve calculated for letters of credit as they are issued primarily as credit enhancements and the likelihood of funding is low. ​ Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 6,487 ​ $ 8,807 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ ​ 444 ​ ​ (826) ​ ​ 1,051 ​ ​ (407) Balance, end of period ​ $ 6,931 ​ $ 7,981 ​ $ 6,931 ​ $ 7,981 ​ During the three and six months ended June 30, 2021, the decreases in the reserve for unfunded commitments were primarily due to improvements in loan expected loss rates, while during the three and six months ended June 30, 2022, the increases in the reserve for unfunded commitments were primarily due to increases in both loan expected loss rates and available commitment balances.

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2022
Mortgage Servicing Rights
Mortgage Servicing Rights	7. Mortgage Servicing Rights ​ The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2022 ​ 2021 2022 ​ 2021 ​ Balance, beginning of period $ 100,475 ​ $ 142,125 ​ $ 86,990 ​ $ 143,742 ​ Additions 11,210 ​ 15,815 ​ 18,510 ​ 50,115 ​ Sales — ​ (31,850) ​ (1,876) ​ (84,633) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 13,237 ​ 4,536 ​ 24,093 ​ 28,674 ​ Due to customer payoffs (3,234) ​ (6,129) ​ (6,029) ​ (13,401) ​ Balance, end of period $ 121,688 ​ $ 124,497 ​ $ 121,688 ​ $ 124,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 6,940,571 ​ $ 6,355,927 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.75 % 1.37 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three and six months ended June 30, 2021 are MSR asset fair value adjustments totaling $9.2 million and $18.9 million, respectively, which reflect the difference between the MSR carrying value and the sales price reflected in the letter of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​ The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2022 ​ 2021 ​ Weighted average constant prepayment rate 8.42 % ​ 10.02 % Weighted average discount rate 12.15 % ​ 14.32 % Weighted average life (in years) 7.9 ​ ​ 7.1 ​ ​ A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (4,046) ​ $ (2,603) Impact of 20% adverse change ​ (7,852) ​ (5,315) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (5,612) ​ (4,070) Impact of 20% adverse change ​ (10,716) ​ (7,753) ​ This sensitivity analysis presents the effect of hypothetical changes in key assumptions on the fair value of the MSR asset. The effect of such hypothetical change in assumptions generally cannot be extrapolated because the relationship of the change in one key assumption to the change in the fair value of the MSR asset is not linear. In addition, in the analysis, the impact of an adverse change in one key assumption is calculated independent of any impact on other assumptions. In reality, changes in one assumption may change another assumption. ​ Contractually specified servicing fees, late fees and ancillary fees earned of $8.9 million and $16.2 million during the three months ended June 30, 2022 and 2021, respectively, and $17.5 million and $32.3 million during the six months ended June 30, 2022 and 2021, respectively, were included in net gains from sale of loans and other mortgage production income within the consolidated statements of operations.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2022
Deposits
Deposits	8. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Noninterest-bearing demand ​ $ 4,601,643 ​ $ 4,577,183 Interest-bearing: ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,081,043 ​ 3,270,522 Brokered - demand ​ 50,552 ​ 114,393 Money market ​ 2,888,175 ​ 3,433,341 Brokered - money market ​ 54,449 ​ 98,614 Savings ​ 328,619 ​ 345,795 Time ​ 900,828 ​ 962,752 Brokered - time ​ 15,477 ​ 15,477 ​ ​ $ 11,920,786 ​ $ 12,818,077 ​ ​ ​ ​ At June 30, 2022, remaining maturities of uninsured time deposits greater than $250,000 were $405.3 million.

Short-term Borrowings

Short-term Borrowings	6 Months Ended
	Jun. 30, 2022
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Federal funds purchased ​ $ 352,950 ​ $ 171,925 Securities sold under agreements to repurchase ​ 180,645 ​ 191,547 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ — ​ ​ 142,000 Commercial paper ​ 289,054 ​ 353,972 ​ ​ $ 822,649 ​ $ 859,444 ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ 2022 ​ 2021 Average balance during the period ​ $ 477,533 ​ $ 339,545 ​ Average interest rate during the period ​ 0.67 % ​ 0.36 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2022 2021 ​ Average interest rate at end of period ​ 1.48 % ​ 0.31 % Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 180,569 ​ $ 191,483 ​ Estimated fair value ​ $ 193,545 ​ $ 205,734 ​ ​ 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. The Company had no FHLB short-term borrowings during the three and six months ended June 30, 2022 and 2021. ​ 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 Company had no such borrowings at June 30, 2022. ​ Commercial Paper ​ Hilltop Securities uses the net proceeds (after deducting related issuance expenses) from the sale of two commercial paper programs for general corporate purposes, including working capital and the funding of a portion of its securities inventories. The commercial paper notes (“CP Notes”) may be issued with maturities of 14 days to 270 days from the date of issuance. The CP Notes are issued under two separate programs, Series 2019-1 CP Notes and Series 2019-2 CP Notes, in maximum aggregate amounts of $300 million and $200 million, respectively. The CP Notes are not redeemable prior to maturity or subject to voluntary prepayment and do not bear interest, but are sold at a discount to par. The CP Notes are secured by a pledge of collateral owned by Hilltop Securities. As of June 30, 2022, the weighted average maturity of the CP Notes was 160 days at a rate of 1.80%, with a weighted average remaining life of 70 days. At June 30, 2022, the aggregate amount outstanding under these secured arrangements was $289.1 million, which was collateralized by securities held for firm accounts valued at $315.3 million.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2022
Notes Payable
Notes Payable	10. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Senior Notes due April 2025, net of discount of $794 and $886, respectively ​ $ 149,206 ​ $ 149,114 Subordinated Notes due May 2030, net of discount of $658 and $704, respectively ​ ​ 49,342 ​ ​ 49,296 Subordinated Notes due May 2035, net of discount of $2,130 and $2,220, respectively ​ ​ 147,870 ​ ​ 147,780 Ventures Management lines of credit ​ 43,304 ​ 41,714 ​ ​ $ 389,722 ​ $ 387,904 ​

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases
Leases	11. Leases ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,653) ​ ​ (5,358) Premises and equipment, net ​ $ 2,127 ​ $ 2,422 ​ The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 9,352 ​ $ 9,746 ​ $ 18,958 ​ $ 19,403 Less operating lease and sublease income ​ ​ (561) ​ ​ (342) ​ ​ (1,130) ​ ​ (681) Net operating lease cost ​ $ 8,791 ​ $ 9,404 ​ $ 17,828 ​ $ 18,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 295 ​ $ 295 Interest on lease liabilities ​ ​ 121 ​ ​ 132 ​ ​ 245 ​ ​ 266 Total finance lease cost ​ $ 268 ​ $ 279 ​ $ 540 ​ $ 561 ​ Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 18,713 ​ $ 19,162 Operating cash flows from finance leases ​ ​ 247 ​ ​ 266 Financing cash flows from finance leases ​ ​ 372 ​ ​ 336 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Operating leases ​ $ 8,266 ​ $ 28,935 Finance leases ​ ​ — ​ ​ — ​ ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification ​ Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 5.7 ​ 3.84 % ​ 5.9 ​ 3.89 % Finance ​ 4.3 ​ 4.87 % ​ 4.8 ​ 4.84 % ​ Future minimum lease payments under lease agreements as of June 30, 2022, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 9,838 ​ $ 622 2023 ​ 32,725 ​ ​ 1,280 2024 ​ 24,373 ​ ​ 1,163 2025 ​ 17,811 ​ ​ 886 2026 ​ 14,400 ​ ​ 813 Thereafter ​ 39,980 ​ ​ 598 Total minimum lease payments ​ 139,127 ​ ​ 5,362 Less amount representing interest ​ (14,721) ​ ​ (1,566) Lease liabilities $ 124,406 ​ $ 3,796 ​ As of June 30, 2022, the Company had an additional operating lease that has not yet commenced with aggregate future minimum lease payments of approximately $0.1 million. This operating lease commenced in July 2022 with a lease term of three years.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Taxes
Income Taxes	12. Income Taxes ​ The Company applies an estimated annual effective rate to interim period pre-tax income to calculate the income tax provision for the quarter in accordance with the principal method prescribed by the accounting guidance established for computing income taxes in interim periods. The Company’s effective tax rates were 25.6% and 23.5% for the three months ended June 30, 2022 and 2021, respectively, and 23.2% and 23.4% for the six months ended June 30, 2022 and 2021, respectively. The effective tax rate for the six months ended June 30, 2022 was higher than the applicable statutory rate primarily due to the impact of non-deductible compensation expense and other permanent adjustments. ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	13. Commitments and Contingencies ​ Legal Matters ​ The Company is subject to loss contingencies related to litigation, claims, investigations and legal and administrative cases and proceedings arising in the ordinary course of business. The Company evaluates these contingencies based on information currently available, including advice of counsel. The Company establishes accruals for those matters when a loss contingency is considered probable and the related amount is reasonably estimable. Any accruals are periodically reviewed and may be adjusted as circumstances change. A portion of the Company’s exposure with respect to loss contingencies may be offset by applicable insurance coverage. In determining the amounts of any accruals or estimates of possible loss contingencies, the Company does not take into account the availability of insurance coverage. 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. ​ On June 8, 2022, WR Investments, LP (“WR”) filed claims against Hilltop Securities, et al. through FINRA Dispute Resolution, Midwest Region. WR alleges it suffered a $13.0 million loss in its sale of subordinated bonds related to a portfolio of senior living facilities sold by an affiliate of WR. Hilltop Securities believes the claims are without merit and intends to vigorously defend against such claims. There can be no assurance, however, that Hilltop Securities will be successful. At present, Hilltop Securities is unable to estimate the probability or amount of potential losses, if any, related to these claims. ​ In September 2020, PrimeLending received an investigative inquiry from the United States Attorney for the Western District of Virginia regarding PrimeLending’s float down option. At this time, the United States Attorney has requested certain materials with respect to this matter, and PrimeLending is fully cooperating with such requests. ​ While the final outcome of litigation and claims exposures or of any Inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and inquiries will not, except related to specific matters disclosed above, have a material effect on the Company’s business, consolidated financial position, results of operations or cash flows as a whole. However, in the event of unexpected future developments, it is reasonably possible that an adverse outcome in any matter, including the matters discussed above, could be material to the Company’s business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. ​ Indemnification Liability Reserve ​ The mortgage origination segment may be responsible to agencies, investors, or other parties for errors or omissions relating to its representations and warranties that each loan sold meets certain requirements, including representations as to underwriting standards and the validity of certain borrower representations in connection with the loan. If determined to be at fault, the mortgage origination segment either repurchases the affected loan from or indemnifies the claimant against loss. The mortgage origination segment has established an indemnification liability reserve for such probable losses. ​ Generally, the mortgage origination segment first becomes aware that an agency, investor, or other party believes a loss has been incurred on a sold loan when it receives a written request from the claimant to repurchase the loan or reimburse the claimant’s losses. Upon completing its review of the claimant’s request, the mortgage origination segment establishes a specific claims reserve for the loan if it concludes its obligation to the claimant is both probable and reasonably estimable. ​ An additional reserve has been established for probable agency, investor or other party losses that may have been incurred, but not yet reported to the mortgage origination segment based upon a reasonable estimate of such losses. Factors considered in the calculation of this reserve include, but are not limited to, the total volume of loans sold exclusive of specific claimant requests, actual claim settlements and the severity of estimated losses resulting from future claims, and the mortgage origination segment’s history of successfully curing defects identified in claim requests. In addition, the mortgage origination segment has considered that GNMA, FNMA and FHLMC have imposed certain restrictions on loans the agencies will accept under a forbearance agreement resulting from the COVID-19 pandemic, which could increase the magnitude of indemnification losses on these loans. ​ While the mortgage origination segment’s sales contracts typically include borrower early payment default repurchase provisions, these provisions have not been a primary driver of claims to date, and therefore, are not a primary factor considered in the calculation of this reserve. ​ At June 30, 2022 and December 31, 2021, the mortgage origination segment’s indemnification liability reserve totaled $23.8 million and $27.4 million, respectively. The provision for indemnification losses was $0.8 million and $2.5 million during the three months ended June 30, 2022 and 2021, respectively, and $1.2 million and $5.5 million during the six months ended June 30, 2022 and 2021, respectively. ​ The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Representation and Warranty Specific Claims ​ ​ Activity - Origination Loan Balance ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 30,271 ​ $ 30,137 ​ $ 31,407 ​ $ 30,085 ​ Claims made ​ 18,216 ​ 8,575 ​ 28,058 ​ 13,687 ​ Claims resolved with no payment ​ (3,454) ​ (1,956) ​ (7,974) ​ (4,870) ​ Repurchases ​ (16,318) ​ (3,446) ​ (22,776) ​ (5,257) ​ Indemnification payments ​ — ​ (547) ​ — ​ (882) ​ Balance, end of period ​ $ 28,715 ​ $ 32,763 ​ $ 28,715 ​ $ 32,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2022 2021 2022 2021 Balance, beginning of period ​ $ 27,250 ​ $ 24,261 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales ​ 762 ​ 2,858 ​ 1,515 ​ 5,865 ​ Repurchases ​ (4,211) ​ (274) ​ (4,775) ​ (398) ​ Early payment defaults ​ (51) ​ (25) ​ (122) ​ (36) ​ Indemnification payments ​ — ​ (122) ​ — ​ (264) ​ Change in reserves for loans sold in prior years ​ — ​ (326) ​ (292) ​ (326) ​ Balance, end of period ​ $ 23,750 ​ $ 26,372 ​ $ 23,750 ​ $ 26,372 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 829 ​ $ 345 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 22,921 ​ 27,079 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 23,750 ​ $ 27,424 ​ ​ ​ ​ ​ ​ ​ ​ Although management considers the total indemnification liability reserve to be appropriate, there may be changes in the reserve over time to address incurred losses due to unanticipated adverse changes in the economy and historical loss patterns, discrete events adversely affecting specific borrowers or industries, and/or actions taken by institutions or investors. The impact of such matters is considered in the reserving process when probable and estimable.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2022
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	14. 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 $2.5 billion at June 30, 2022 and outstanding financial and performance standby letters of credit of $103.6 million at June 30, 2022. ​ The Bank uses the same credit policies in making commitments and standby letters of credit as it does for loans held for investment. The amount of collateral obtained, if deemed necessary, in these transactions is based on management’s credit evaluation of the borrower. Collateral held varies but may include real estate, accounts receivable, marketable securities, interest-bearing deposit accounts, inventory, and property, plant and equipment. ​ Broker-Dealer ​ In the normal course of business, the Hilltop Broker-Dealers execute, settle, and finance various securities transactions that may expose the Hilltop Broker-Dealers to off-balance sheet risk in the event that a customer or counterparty does not fulfill its contractual obligations. Examples of such transactions include the sale of securities not yet purchased by customers or for the accounts of the Hilltop Broker-Dealers, use of derivatives to support certain non-profit housing organization clients and to hedge changes in the fair value of certain securities, clearing agreements between the Hilltop Broker-Dealers and various clearinghouses and broker-dealers, secured financing arrangements that involve pledged securities, and when-issued underwriting and purchase commitments.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Stock-Based Compensation
Stock-Based Compensation	15. 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. ​ During the six months ended June 30, 2022 and 2021, Hilltop granted 10,748 and 8,285 shares of common stock, respectively, pursuant to the 2020 Equity Plan to certain non-employee members of the Company’s board of directors for services rendered to the Company. ​ Restricted Stock Units ​ The following table summarizes information about nonvested restricted stock unit (“RSU”) activity for the six months ended June 30, 2022 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 537 ​ $ 33.41 ​ Vested/Released ​ (599) ​ $ 19.19 ​ Forfeited ​ (117) ​ $ 23.83 Balance, June 30, 2022 ​ 1,690 ​ $ 27.78 ​ Vested/Released RSUs include an aggregate of 129,919 shares withheld to satisfy employee statutory tax obligations during the six months ended June 30, 2022. ​ During the six months ended June 30, 2022, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 463,727 RSUs pursuant to the 2020 Equity Plan. Of the RSUs granted during the six months ended June 30, 2022, 321,504 that were outstanding at June 30, 2022, are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date. Of the RSUs granted during the six months ended June 30, 2022, 135,558 that were outstanding at June 30, 2022 ​ At June 30, 2022, in the aggregate, 1,281,740 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 408,458 outstanding RSUs cliff vest based upon the achievement of certain performance goals over a three-year period. At June 30, 2022

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2022
Regulatory Matters
Regulatory Matters	16. Regulatory Matters ​ Banking and Hilltop ​ PlainsCapital, which includes the Bank and PrimeLending, and Hilltop are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct, material effect on the consolidated financial statements. The regulations require PlainsCapital and Hilltop to meet specific capital adequacy guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company performs reviews of the classification and calculation of risk-weighted assets to ensure accuracy and compliance with the Basel III regulatory capital requirements as implemented by the Board of Governors of the Federal Reserve System. The capital classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the companies to maintain minimum amounts and ratios (set forth in the following table) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of common equity Tier 1, Tier 1 and total capital (as defined) to risk-weighted assets (as defined). ​ In order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers, Basel III requires banking organizations to maintain a capital conservation buffer above minimum risk-based capital requirements measured relative to risk-weighted assets. ​ The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. Actual capital amounts and ratios as of June 30, 2022 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ June 30, 2022 ​ December 31, 2021 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,406,640 9.67 % $ 1,469,695 10.20 % 4.0 % 5.0 % Hilltop ​ 1,853,729 10.53 % 2,262,356 12.58 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,406,640 14.65 % ​ 1,469,695 16.00 % 7.0 % 6.5 % Hilltop ​ ​ 1,853,729 17.24 % ​ 2,262,356 21.22 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,406,640 14.65 % 1,469,695 16.00 % 8.5 % 8.0 % Hilltop ​ 1,853,729 17.24 % 2,262,356 21.22 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,492,639 15.55 % 1,540,100 16.77 % 10.5 % 10.0 % Hilltop ​ 2,139,683 19.90 % 2,532,008 23.75 % 10.5 % N/A ​ ​ Broker-Dealer ​ Pursuant to the net capital requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Hilltop Securities has elected to determine its net capital requirements using the alternative method. Accordingly, Hilltop Securities is required to maintain minimum net capital, as defined in Rule 15c3-1 promulgated under the Exchange Act, equal to the greater of $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 June 30, 2022, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 234,260 ​ $ 4,035 ​ Less: required net capital ​ ​ 10,505 ​ ​ 250 ​ Excess net capital ​ $ 223,755 ​ $ 3,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 44.6 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 207,997 ​ ​ ​ ​ ​ Under certain conditions, Hilltop Securities may be required to segregate cash and securities in a special reserve account for the benefit of customers under Rule 15c3-3 promulgated under the Exchange Act. Assets segregated for regulatory purposes under the provisions of the Exchange Act are restricted and not available for general corporate purposes. At June 30, 2022 and December 31, 2021, the Hilltop Broker-Dealers held cash of $120.8 million and $221.7 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash and securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at June 30, 2022 or 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 June 30, 2022, PrimeLending and its subsidiaries’ net worth and liquidity exceeded the amounts required by both HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity ​ Dividends ​ During the six months ended June 30, 2022 and 2021, the Company declared and paid cash dividends of $0.30 and $0.24 per common share, or an aggregate of $23.8 million and $19.8 million, respectively. ​ On July 21, 2022, Hilltop’s board of directors declared a quarterly cash dividend of $0.15 per common share, payable on August 26, 2022, to all common stockholders of record as of the close of business on August 12, 2022. ​ Stock Repurchases ​ In January 2022, the Hilltop board of directors authorized a new stock repurchase program through January 2023, pursuant to which the Company was originally 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. The Company’s stock repurchase program, prior year repurchases and related accounting policy are discussed in detail in Note 1 and Note 24 to the consolidated financial statements included in the Company’s 2021 Form 10-K. ​ Tender Offer ​ On May 2, 2022, 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 of up to $400 million. On May 27, 2022, including the exercise of its right to purchase up to an additional 2% of its outstanding shares, the Company completed its tender offer, repurchasing 14,868,469 shares of outstanding common stock at a price of $29.75 per share for a total of $442.3 million, excluding fees and expenses. The Company funded the tender offer with cash on hand. As a result of share repurchases during 2022, Hilltop has no further available share repurchase capacity associated with its previously authorized stock repurchase program.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Derivative Financial Instruments
Derivative Financial Instruments	18. Derivative Financial Instruments ​ The Company uses various derivative financial instruments to mitigate interest rate risk. The Bank’s interest rate risk management strategy involves effectively managing the re-pricing characteristics of certain assets and liabilities to mitigate potential adverse impacts from changes in interest rates on the Bank’s net interest margin. 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 3 to the consolidated financial statements, the Company has elected to measure substantially all mortgage loans held for sale at fair value under the provisions of the Fair Value Option. The election provides the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without applying 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 7 to the consolidated financial statements. The fair values of the Hilltop Broker-Dealers’ and the Bank’s derivative instruments are recorded in other assets or other liabilities, as appropriate. Changes in the fair value of derivatives are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2022 2021 2022 2021 Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (35,303) ​ $ 4,033 ​ $ (13,251) ​ $ (225) Hilltop Broker-Dealers ​ ​ 10,906 ​ ​ 6,923 ​ ​ 9,579 ​ ​ (15,272) Bank ​ ​ 17 ​ ​ 8 ​ ​ 46 ​ ​ 19 ​ 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 portfolio layer, which provides the Company the ability to execute a fair value hedge of the interest rate risk associated with a portfolio of similar prepayable assets whereby the last dollar amount estimated to remain in the portfolio of assets is identified as the hedged item. Additionally, the Company has outstanding interest rate swap contracts designated as cash flow hedges and utilized to manage the variability of cash flows associated with its variable rate borrowings. ​ Under each of its interest rate swap contracts designated as hedges, the Company receives a floating rate and pays a fixed rate on the outstanding notional amount. The Company assesses the hedge effectiveness both at the onset of the hedge and at regular intervals throughout the life of the derivative. To the extent that the derivative instruments are highly effective in offsetting the variability of the hedged cash flows or fair value, changes in the fair value of the derivative are included as a component of other comprehensive loss on our consolidated balance sheets. Although the Company has determined at the onset of the hedges that the derivative instruments will be highly effective hedges throughout the term of the contract, any portion of derivative instruments subsequently determined to be ineffective will be recognized in earnings. ​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,404,328 ​ $ 15,061 ​ $ 1,283,152 ​ $ 25,489 Commitments to purchase MBSs ​ 736,656 ​ 2,201 ​ 1,575,264 ​ (674) Commitments to sell MBSs ​ ​ 2,972,796 ​ (4,938) ​ 3,314,173 ​ (355) Interest rate swaps ​ ​ 46,849 ​ 836 ​ 68,413 ​ (1,949) U.S. Treasury bond futures and options (1) ​ ​ 257,900 ​ — ​ 247,800 ​ — Eurodollar and other futures (1) ​ ​ 2,807,000 ​ — ​ 2,061,800 ​ — Credit default swaps ​ ​ 2,000 ​ 2 ​ 7,000 ​ (15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 360,000 ​ $ 13,195 ​ $ 190,000 ​ $ 603 Interest rate swaps designated as fair value hedges (2) ​ ​ 336,034 ​ ​ 29,900 ​ ​ 221,232 ​ ​ 3,207 (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 $336.0 million and $221.2 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 $306.1 million and $218.0 million as of June 30, 2022 and December 31, 2021, 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 $29.9 million and $3.2 million as of June 30, 2022 and December 31, 2021, respectively. ​ PrimeLending held cash collateral advances, in other liabilities within the consolidated balance sheets, of $9.3 million to offset net asset derivative positions on its commitments to sell MBSs at June 30, 2022. PrimeLending had advanced cash collateral totaling $0.5 million and $0.1 million to offset net liability positions on its commitments to sell MBSs at June 30, 2022 and December 31, 2021, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $10.5 million and $4.2 million on various derivative instruments at June 30, 2022 and December 31, 2021, respectively. The advanced cash collateral amounts are included in other assets within the consolidated balance sheets.

Balance Sheet Offsetting

Balance Sheet Offsetting	6 Months Ended
	Jun. 30, 2022
Balance Sheet Offsetting
Balance Sheet Offsetting	19. Balance Sheet Offsetting ​ Certain financial instruments, including resale and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Assets ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Assets ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,013,025 ​ $ — ​ $ 1,013,025 ​ $ (955,303) ​ $ — ​ $ 57,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 836 ​ ​ — ​ ​ 836 ​ ​ (820) ​ ​ — ​ ​ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ (2) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 139,929 ​ ​ — ​ ​ 139,929 ​ ​ (138,023) ​ ​ — ​ ​ 1,906 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,877 ​ — ​ 2,877 ​ (2,877) ​ — ​ — ​ ​ $ 1,156,669 ​ $ — ​ $ 1,156,669 ​ $ (1,097,025) ​ $ — ​ $ 59,644 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Liabilities ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 851,192 ​ $ — ​ $ 851,192 ​ $ (797,948) ​ $ — ​ $ 53,244 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 180,569 ​ — ​ 180,569 ​ (193,282) ​ — ​ (12,713) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 11,451 ​ (5,836) ​ 5,615 ​ (3,229) ​ — ​ 2,386 ​ ​ $ 1,043,212 ​ $ (5,836) ​ $ 1,037,376 ​ $ (994,459) ​ $ — ​ $ 42,917 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 ​ Secured Borrowing Arrangements ​ Secured Borrowings (Repurchase Agreements) — one ​ Securities Lending Activities — ​ When lending securities, the Company receives cash or similar collateral and generally pays interest (based on the amount of cash deposited) to the other party to the transaction. Securities lending transactions are executed pursuant to written agreements with counterparties that generally require securities loaned to be marked-to-market on a daily basis. The Company receives collateral in the form of cash in an amount generally in excess of the fair value of securities loaned. The Company monitors the fair value of securities loaned on a daily basis, with additional collateral obtained or refunded, as necessary. Collateral adjustments are made on a daily basis through the facilities of various clearinghouses. The Company is a principal in these securities lending transactions and is liable for losses in the event of a failure of any other party to honor its contractual obligation. Management sets credit limits with each counterparty and reviews these limits regularly to monitor the risk level with each counterparty. The Company is subject to credit risk through its securities lending activities if securities prices decline rapidly because the value of the Company’s collateral could fall below the amount of the indebtedness it secures. In rapidly appreciating markets, credit risk increases due to short positions. The Company’s securities lending business subjects the Company to credit risk if a counterparty fails to perform or if collateral securing its obligations is insufficient. In securities transactions, the Company is subject to credit risk during the period between the execution of a trade and the settlement by the customer. ​ The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both June 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 85,978 ​ ​ 53,290 ​ ​ 35,680 ​ ​ 5,621 ​ ​ 180,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 851,079 ​ ​ — ​ ​ — ​ ​ — ​ ​ 851,079 Total ​ $ 937,170 ​ $ 53,290 ​ $ 35,680 ​ $ 5,621 ​ $ 1,031,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,031,761 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​

Broker-Dealer and Clearing Orga

Broker-Dealer and Clearing Organization Receivables and Payables	6 Months Ended
	Jun. 30, 2022
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	20. Broker-Dealer and Clearing Organization Receivables and Payables ​ Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,013,025 ​ $ 1,518,372 Securities failed to deliver ​ 27,945 ​ 5,664 Trades in process of settlement ​ — ​ 144,773 Other ​ 8,860 ​ 4,137 ​ ​ $ 1,049,830 ​ $ 1,672,946 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 851,192 ​ $ 1,432,196 Correspondents ​ 22,691 ​ 20,571 Securities failed to receive ​ 40,775 ​ 18,808 Trades in process of settlement ​ 14,008 ​ — Other ​ 6,152 ​ 5,725 ​ ​ $ 934,818 ​ $ 1,477,300 ​

Segment and Related Information

Segment and Related Information	6 Months Ended
	Jun. 30, 2022
Segment and Related Information
Segment and Related Information	21. Segment and Related Information ​ The Company has two primary business units, PCC (banking and mortgage origination) and Securities Holdings (broker-dealer). Under GAAP, the Company’s 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. ​ Corporate includes certain activities not allocated to specific business segments. These activities include holding company financing and investing activities, merchant banking investment opportunities and management and administrative services to support the overall operations of the Company. ​ Balance sheet amounts not discussed previously and the elimination of intercompany transactions are included in “All Other and Eliminations.” The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended June 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Consolidated Net interest income (expense) ​ $ 101,259 ​ $ 12,578 ​ $ (1,291) ​ $ (3,190) ​ $ 2,700 ​ $ 112,056 Provision for (reversal of) credit losses ​ ​ 5,025 ​ ​ 311 ​ ​ — ​ ​ — ​ ​ — ​ 5,336 Noninterest income ​ ​ 12,467 ​ ​ 87,651 ​ ​ 140,082 ​ ​ 2,080 ​ ​ (3,007) ​ 239,273 Noninterest expense ​ 57,331 ​ 90,817 ​ 133,169 ​ ​ 17,561 ​ (335) ​ 298,543 Income (loss) before taxes ​ $ 51,370 ​ $ 9,101 ​ $ 5,622 ​ $ (18,671) ​ $ 28 ​ $ 47,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Hilltop Six Months Ended June 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 193,329 ​ $ 24,096 ​ $ (3,127) ​ $ (6,580) ​ $ 4,329 ​ $ 212,047 Provision for (reversal of) credit losses ​ ​ 4,975 ​ ​ 476 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,451 Noninterest income ​ ​ 25,237 ​ ​ 148,341 ​ ​ 283,276 ​ ​ 3,846 ​ ​ (4,999) ​ ​ 455,701 Noninterest expense ​ 115,761 ​ 171,464 ​ 268,027 ​ 30,354 ​ (713) ​ 584,893 Income (loss) before taxes ​ $ 97,830 ​ $ 497 ​ $ 12,122 ​ $ (33,088) ​ $ 43 ​ $ 77,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Hilltop Three Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 105,468 ​ $ 10,682 ​ $ (5,953) ​ $ (4,687) ​ $ 2,406 ​ $ 107,916 Provision for (reversal of) credit losses ​ ​ (28,775) ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ ​ (28,720) Noninterest income ​ ​ 10,242 ​ ​ 83,463 ​ ​ 241,965 ​ ​ 6,877 ​ ​ (2,648) ​ ​ 339,899 Noninterest expense ​ 57,514 ​ 87,234 ​ 186,963 ​ 12,072 ​ (415) ​ 343,368 Income (loss) before taxes ​ $ 86,971 ​ $ 6,856 ​ $ 49,049 ​ $ (9,882) ​ $ 173 ​ $ 133,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Six Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 209,352 ​ $ 21,196 ​ $ (13,051) ​ $ (9,379) ​ $ 5,480 ​ $ 213,598 Provision for (reversal of) credit losses ​ (33,950) ​ ​ 121 ​ ​ — ​ ​ — ​ ​ — ​ (33,829) Noninterest income ​ 21,566 ​ ​ 182,086 ​ ​ 552,409 ​ ​ 7,383 ​ ​ (5,960) ​ 757,484 Noninterest expense ​ 113,302 ​ 178,638 ​ 397,297 ​ ​ 21,660 ​ ​ (867) ​ 710,030 Income (loss) before taxes ​ $ 151,566 ​ $ 24,523 ​ $ 142,061 ​ $ (23,656) ​ $ 387 ​ $ 294,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,826,898 ​ $ 2,659,850 ​ $ 1,820,074 ​ $ 2,444,889 ​ $ (4,035,972) ​ $ 16,715,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2022
Earnings per Common Share
Earnings per Common Share	22. Earnings per Common Share ​ The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 33,260 ​ $ 99,060 ​ $ 55,510 ​ $ 219,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 73,693 ​ 81,663 ​ 76,389 ​ 81,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ $ 0.45 ​ $ 1.21 ​ $ 0.73 ​ $ 2.68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 33,260 ​ $ 99,060 ​ $ 55,510 ​ $ 219,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 73,693 ​ 81,663 ​ 76,389 ​ 81,914 Effect of potentially dilutive securities ​ 145 ​ ​ 536 ​ 180 ​ 493 Weighted average shares outstanding - diluted ​ 73,838 ​ 82,199 ​ 76,569 ​ 82,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.45 ​ $ 1.21 ​ $ 0.73 ​ $ 2.66 ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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. ​ The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units, 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. ​
Basis of Presentation	Basis of Presentation ​ The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. ​ The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. ​ Hilltop owns 100% of the outstanding stock of PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). ​ PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds an ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). ​ PCC also 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. Following receipt of regulatory approval, during June, July and August 2021, PCC submitted to the trustees of each of the Trusts notices to redeem in full outstanding junior subordinated 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 the third quarter of 2021. For further details, see Note 16 to the consolidated financial statements included in the Company’s 2021 Form 10-K. ​ Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly owned subsidiaries, Hilltop Securities Inc. (“Hilltop Securities”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”). Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. ​ In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 19 to the consolidated financial statements included in the Company’s 2021 Form 10-K and are collectively referred to as the “Hilltop Plaza Entities.” ​ The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. ​ Certain reclassifications have been made to the prior period consolidated financial statements to conform with the current period presentation. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. ​ Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2021 Form 10-K.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Measurements
Schedule of information regarding financial assets and liabilities measured at fair value on a recurring basis	The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total June 30, 2022 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,594 ​ $ 584,679 ​ $ — ​ $ 593,273 ​ Available for sale securities ​ ​ — ​ ​ 1,562,222 ​ ​ — ​ ​ 1,562,222 ​ Equity securities ​ ​ 197 ​ ​ — ​ ​ — ​ ​ 197 ​ Loans held for sale ​ ​ — ​ ​ 1,330,651 ​ ​ 41,732 ​ ​ 1,372,383 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 9,027 ​ ​ 9,027 ​ Derivative assets ​ ​ — ​ ​ 82,918 ​ ​ — ​ ​ 82,918 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 121,688 ​ ​ 121,688 ​ Securities sold, not yet purchased ​ ​ 68,543 ​ ​ 67,425 ​ ​ — ​ ​ 135,968 ​ Derivative liabilities ​ ​ — ​ ​ 26,661 ​ ​ — ​ ​ 26,661 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​
Rollforward for financial instruments measured at fair value using Level 3 inputs	The following tables include a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Included in Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Period ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Period Three months ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 45,977 ​ $ 13,456 ​ $ (12,090) ​ $ 1,094 ​ $ (6,705) ​ $ — ​ $ 41,732 Loans held for investment ​ ​ 9,611 ​ ​ — ​ ​ (562) ​ ​ — ​ ​ (22) ​ ​ — ​ ​ 9,027 MSR asset ​ 100,475 ​ ​ 11,210 ​ ​ — ​ ​ — ​ ​ 10,003 ​ ​ — ​ 121,688 Total ​ $ 156,063 ​ $ 24,666 ​ $ (12,652) ​ $ 1,094 ​ $ 3,276 ​ $ — ​ $ 172,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 20,442 ​ $ (24,748) ​ $ 5,838 ​ $ (7,516) ​ $ — ​ $ 41,732 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ (22) ​ ​ — ​ ​ 9,027 MSR asset ​ ​ 86,990 ​ ​ 18,510 ​ ​ (1,876) ​ ​ — ​ ​ 18,064 ​ ​ — ​ ​ 121,688 Total ​ $ 134,706 ​ $ 48,563 ​ $ (27,186) ​ $ 5,838 ​ $ 10,526 ​ $ — ​ $ 172,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 77,275 ​ $ 18,962 ​ $ (22,272) ​ $ (2,549) ​ $ 17 ​ $ — ​ $ 71,433 MSR asset ​ ​ 142,125 ​ ​ 15,815 ​ ​ (31,850) ​ ​ — ​ ​ (1,593) ​ ​ — ​ ​ 124,497 Total ​ $ 219,400 ​ $ 34,777 ​ $ (54,122) ​ $ (2,549) ​ $ (1,576) ​ $ — ​ $ 195,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 31,456 ​ $ (29,511) ​ $ (1,808) ​ $ (520) ​ $ — ​ $ 71,433 MSR asset ​ ​ 143,742 ​ ​ 50,115 ​ ​ (84,633) ​ ​ — ​ ​ 15,273 ​ ​ — ​ ​ 124,497 Total ​ $ 215,558 ​ $ 81,571 ​ $ (114,144) ​ $ (1,808) ​ $ 14,753 ​ $ — ​ $ 195,930 ​
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs June 30, 2022 ​ December 31, 2021 Loans held for sale ​ Market comparable ​ Projected price ​ 86 - 89 % ( 87 %) ​ 94 - 95 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 11.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.42 % ​ ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 12.15 % ​ ​ ​ ​ ​ 14.32 % ​
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 material instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022 ​ Three Months Ended June 30, 2021 ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ 14,862 ​ $ — ​ $ 14,862 ​ $ 45,439 ​ $ — ​ $ 45,439 Loans held for investment ​ ​ (283) ​ ​ — ​ ​ (283) ​ ​ — ​ ​ — ​ ​ — MSR asset ​ 10,003 ​ — ​ 10,003 ​ (1,593) ​ — ​ (1,593) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2022 ​ Six Months Ended June 30, 2021 ​ ​ Other Total ​ Other Total ​ ​ Net ​ Noninterest ​ Changes in ​ Net ​ Noninterest ​ Changes in ​ ​ Gains (Losses) ​ Income ​ Fair Value ​ Gains (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ (35,994) ​ $ — ​ $ (35,994) ​ $ (22,517) ​ $ — ​ $ (22,517) Loans held for investment ​ (283) ​ — ​ (283) ​ — ​ — ​ — MSR asset ​ 18,064 ​ — ​ 18,064 ​ 15,273 ​ — ​ 15,273 ​
Schedule of carrying values and estimated fair values of financial instruments	The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ June 30, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,783,935 ​ $ 1,783,935 ​ $ — ​ $ — ​ $ 1,783,935 Assets segregated for regulatory purposes ​ ​ 120,816 ​ ​ 120,816 ​ ​ — ​ ​ — ​ ​ 120,816 Securities purchased under agreements to resell ​ ​ 139,929 ​ ​ — ​ ​ 139,929 ​ ​ — ​ ​ 139,929 Held to maturity securities ​ ​ 920,583 ​ ​ — ​ ​ 876,531 ​ ​ — ​ ​ 876,531 Loans held for sale ​ ​ 119,197 ​ ​ — ​ ​ 119,197 ​ ​ — ​ ​ 119,197 Loans held for investment, net ​ ​ 7,826,294 ​ ​ — ​ ​ 463,004 ​ ​ 7,265,441 ​ ​ 7,728,445 Broker-dealer and clearing organization receivables ​ 1,049,830 ​ — ​ 1,049,830 ​ — ​ 1,049,830 Other assets ​ 70,069 ​ — ​ 68,397 ​ 1,672 ​ 70,069 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,920,786 ​ — ​ 11,907,658 ​ — ​ 11,907,658 Broker-dealer and clearing organization payables ​ 934,818 ​ — ​ 934,818 ​ — ​ 934,818 Short-term borrowings ​ 822,649 ​ — ​ 822,649 ​ — ​ 822,649 Debt ​ 389,722 ​ — ​ 389,722 ​ — ​ 389,722 Other liabilities ​ 3,895 ​ — ​ 3,895 ​ — ​ 3,895 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
Schedule of adjustments to the carrying value of these investments	The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period $ 27,986 $ 22,905 ​ $ 16,817 $ 22,844 Additional investments ​ — ​ ​ — ​ ​ 11,000 ​ ​ — Upward adjustments ​ 231 ​ ​ 5,763 ​ ​ 445 ​ ​ 5,884 Impairments and downward adjustments ​ (34) ​ ​ (704) ​ ​ (79) ​ ​ (764) Dispositions — ​ (975) ​ — ​ (975) Balance, end of period $ 28,183 ​ $ 26,989 ​ $ 28,183 ​ $ 26,989

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 U.S. Treasury securities $ 3,689 $ 3,728 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ ​ 17,303 ​ ​ 3,410 Residential mortgage-backed securities ​ 133,290 ​ 152,093 Collateralized mortgage obligations ​ ​ 124,997 ​ ​ 126,389 Corporate debt securities ​ ​ 64,543 ​ ​ 60,671 States and political subdivisions ​ ​ 226,986 ​ ​ 285,376 Private-label securitized product ​ ​ 16,529 ​ ​ 11,377 Other ​ ​ 5,936 ​ ​ 4,954 Totals ​ $ 593,273 ​ $ 647,998
Summary of amortized cost and fair value of available for sale securities	The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 24,937 ​ $ — ​ $ (600) ​ $ 24,337 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 77,283 ​ ​ 482 ​ ​ (443) ​ ​ 77,322 Residential mortgage-backed securities ​ 486,800 ​ 80 ​ (32,942) ​ 453,938 Commercial mortgage-backed securities ​ ​ 189,572 ​ 62 ​ (23,618) ​ 166,016 Collateralized mortgage obligations ​ 848,031 ​ 76 ​ (45,584) ​ 802,523 States and political subdivisions ​ 41,214 ​ 163 ​ (3,291) ​ 38,086 Totals ​ $ 1,667,837 ​ $ 863 ​ $ (106,478) ​ $ 1,562,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
Summary of amortized cost and fair value of held to maturity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 315,666 ​ $ — ​ $ (15,987) ​ $ 299,679 Commercial mortgage-backed securities ​ ​ 196,733 ​ 19 ​ (6,543) ​ 190,209 Collateralized mortgage obligations ​ 336,313 ​ — ​ (15,802) ​ 320,511 States and political subdivisions ​ 71,871 ​ 28 ​ (5,767) ​ 66,132 Totals ​ $ 920,583 ​ $ 47 ​ $ (44,099) ​ $ 876,531 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ 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 3 ​ $ 24,337 ​ $ 600 2 ​ $ 14,862 ​ $ 75 Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 3 ​ 24,337 ​ 600 2 ​ 14,862 ​ 75 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 1 ​ ​ 4,831 ​ ​ 168 2 ​ ​ 9,904 ​ ​ 94 Unrealized loss for twelve months or longer 2 ​ 10,841 ​ 275 1 ​ 6,184 ​ 59 ​ 3 ​ ​ 15,672 ​ ​ 443 3 ​ 16,088 ​ 153 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 108 ​ 388,795 ​ 25,793 52 ​ 548,392 ​ 6,915 Unrealized loss for twelve months or longer 8 ​ 58,313 ​ 7,149 17 ​ 104,378 ​ 2,702 ​ 116 ​ ​ 447,108 ​ ​ 32,942 69 ​ 652,770 ​ 9,617 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 10 ​ 109,985 ​ 13,622 5 ​ 65,636 ​ 1,776 Unrealized loss for twelve months or longer 5 ​ 49,979 ​ 9,996 14 ​ 138,619 ​ 7,352 ​ 15 ​ ​ 159,964 ​ ​ 23,618 19 ​ 204,255 ​ 9,128 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 117 ​ 748,245 ​ 42,634 72 ​ 618,464 ​ 11,316 Unrealized loss for twelve months or longer 8 ​ 22,853 ​ 2,950 10 ​ 62,647 ​ 1,148 ​ 125 ​ ​ 771,098 ​ ​ 45,584 82 ​ 681,111 ​ 12,464 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 42 ​ 22,054 ​ 2,535 14 ​ 5,576 ​ 200 Unrealized loss for twelve months or longer 6 ​ 1,970 ​ 756 — ​ — ​ — ​ 48 ​ ​ 24,024 ​ ​ 3,291 14 ​ 5,576 ​ 200 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 281 ​ 1,298,247 ​ 85,352 147 ​ 1,262,834 ​ 20,376 Unrealized loss for twelve months or longer 29 ​ 143,956 ​ 21,126 42 ​ 311,828 ​ 11,261 ​ 310 ​ $ 1,442,203 ​ $ 106,478 189 ​ $ 1,574,662 ​ $ 31,637
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 30 ​ $ 196,968 ​ $ 9,481 — ​ $ — ​ $ — Unrealized loss for twelve months or longer 15 ​ 102,710 ​ 6,506 — ​ — ​ — ​ 45 ​ 299,678 ​ 15,987 — ​ — ​ — Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 31 ​ 180,360 ​ 6,347 — ​ — ​ — Unrealized loss for twelve months or longer 1 ​ 3,073 ​ 196 — ​ — ​ — ​ 32 ​ 183,433 ​ 6,543 — ​ — ​ — Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 47 ​ 247,023 ​ 11,557 — ​ — ​ — Unrealized loss for twelve months or longer 9 ​ 73,481 ​ 4,245 — ​ — ​ — ​ 56 ​ 320,504 ​ 15,802 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 161 ​ ​ 57,790 ​ ​ 5,713 2 ​ ​ 558 ​ ​ 1 Unrealized loss for twelve months or longer 1 ​ 214 ​ 54 1 ​ 266 ​ 2 ​ 162 ​ 58,004 ​ 5,767 3 ​ 824 ​ 3 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 269 ​ 682,141 ​ 33,098 2 ​ 558 ​ 1 Unrealized loss for twelve months or longer 26 ​ 179,478 ​ 11,001 1 ​ 266 ​ 2 ​ 295 ​ $ 861,619 ​ $ 44,099 3 ​ $ 824 ​ $ 3
Schedule of amortized cost and fair value of securities, excluding trading and equity available for sale securities, by contractual maturity	The amortized cost and fair value of securities, excluding trading and equity securities, at June 30, 2022 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 ​ $ 34,547 ​ $ 34,413 ​ $ 275 ​ $ 275 Due after one year through five years ​ 23,446 ​ 22,607 ​ 1,386 ​ 1,359 Due after five years through ten years ​ 21,963 ​ 21,878 ​ 16,580 ​ 15,840 Due after ten years ​ 63,478 ​ 60,847 ​ 53,630 ​ 48,658 ​ ​ 143,434 ​ 139,745 ​ 71,871 ​ 66,132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 486,800 ​ 453,938 ​ 315,666 ​ 299,679 Commercial mortgage-backed securities ​ 189,572 ​ 166,016 ​ 196,733 ​ 190,209 Collateralized mortgage obligations ​ 848,031 ​ 802,523 ​ 336,313 ​ 320,511 ​ ​ $ 1,667,837 ​ $ 1,562,222 ​ $ 920,583 ​ $ 876,531

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	6 Months Ended
	Jun. 30, 2022
Loans Held for Investment
Summary of loans held for investment by portfolio segment	Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Commercial real estate ​ $ 3,262,628 ​ $ 3,042,729 Commercial and industrial (1) ​ 1,786,116 ​ ​ 1,875,420 Construction and land development ​ 922,047 ​ ​ 892,783 1-4 family residential ​ ​ 1,468,962 ​ ​ 1,303,430 Consumer ​ ​ 27,862 ​ ​ 32,349 Broker-dealer (2) ​ ​ 463,004 ​ ​ 733,193 ​ ​ 7,930,619 ​ 7,879,904 Allowance for credit losses ​ (95,298) ​ ​ (91,352) Total loans held for investment, net of allowance ​ $ 7,835,321 ​ $ 7,788,552 (1) Included loans totaling $7.0 million and $77.7 million at June 30, 2022 and December 31, 2021, respectively, funded through the Paycheck Protection Program. (2) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations.
Summary of non-accrual loans by portfolio segment	The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ Allowance Allowance Total Allowance Allowance Total 2022 2021 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 603 ​ $ 653 ​ $ 1,256 ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 60 ​ $ 54 ​ $ 157 ​ $ 128 Owner occupied ​ 3,084 ​ ​ 607 ​ ​ 3,691 ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ ​ 334 ​ ​ 139 ​ ​ 417 ​ ​ 229 Commercial and industrial ​ ​ 9,112 ​ ​ 4,203 ​ ​ 13,315 ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 439 ​ ​ 331 ​ ​ 627 ​ ​ 474 Construction and land development ​ 1 ​ ​ — ​ ​ 1 ​ 2 ​ ​ — ​ ​ 2 ​ ​ 8 ​ ​ 20 ​ ​ 15 ​ ​ 35 1-4 family residential ​ 531 ​ ​ 12,831 ​ ​ 13,362 ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ ​ 1,304 ​ ​ 1,106 ​ ​ 1,725 ​ ​ 2,030 Consumer ​ 19 ​ ​ — ​ ​ 19 ​ 23 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ (121) ​ ​ — ​ ​ (121) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 13,350 ​ $ 18,294 ​ $ 31,644 ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 2,145 ​ $ 1,529 ​ $ 2,941 ​ $ 2,775
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 ​ Total Past ​ Current ​ Total ​ Past Due June 30, 2022 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ — ​ $ — ​ $ 198 ​ $ 198 ​ $ 1,910,938 ​ $ 1,911,136 ​ $ — Owner occupied ​ 3,020 ​ ​ 36 ​ ​ 83 ​ ​ 3,139 ​ ​ 1,348,353 ​ ​ 1,351,492 ​ ​ — Commercial and industrial ​ ​ 9,086 ​ ​ 59 ​ ​ 8,025 ​ ​ 17,170 ​ ​ 1,768,946 ​ ​ 1,786,116 ​ ​ — Construction and land development ​ 4,288 ​ ​ 116 ​ ​ — ​ ​ 4,404 ​ ​ 917,643 ​ ​ 922,047 ​ ​ — 1-4 family residential ​ 4,709 ​ ​ 1,551 ​ ​ 5,876 ​ ​ 12,136 ​ ​ 1,456,826 ​ ​ 1,468,962 ​ ​ 102 Consumer ​ 191 ​ ​ 15 ​ ​ 18 ​ ​ 224 ​ ​ 27,638 ​ ​ 27,862 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 463,004 ​ ​ 463,004 ​ ​ — ​ ​ $ 21,294 ​ $ 1,777 ​ $ 14,200 ​ $ 37,271 ​ $ 7,893,348 ​ $ 7,930,619 ​ $ 102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ 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
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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2017 and ​ ​ ​ ​ ​ ​ June 30, 2022 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 44,621 ​ $ 74,976 ​ $ 20,075 ​ $ 9,882 ​ $ 8,788 ​ $ 11,757 ​ $ 2 ​ $ 170,101 Internal Grade 4-7 (Pass normal risk) ​ ​ 284,152 ​ ​ 296,372 ​ ​ 143,410 ​ ​ 115,193 ​ ​ 41,986 ​ ​ 80,885 ​ ​ 28,181 ​ ​ 990,179 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 82,153 ​ ​ 166,149 ​ ​ 181,713 ​ ​ 81,382 ​ ​ 72,866 ​ ​ 92,202 ​ ​ 1,550 ​ ​ 678,015 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 37,929 ​ ​ 14,659 ​ ​ 4,093 ​ ​ 8,222 ​ ​ 25 ​ ​ 6,657 ​ ​ — ​ ​ 71,585 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ 403 ​ ​ — ​ ​ — ​ ​ — ​ ​ 853 ​ ​ — ​ ​ 1,256 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 24,732 ​ $ 111,984 ​ $ 58,631 ​ $ 18,662 ​ $ 13,920 ​ $ 60,532 ​ $ 6,002 ​ $ 294,463 Internal Grade 4-7 (Pass normal risk) ​ ​ 128,192 ​ ​ 178,018 ​ ​ 96,688 ​ ​ 88,070 ​ ​ 93,945 ​ ​ 73,876 ​ ​ 13,760 ​ ​ 672,549 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 45,893 ​ ​ 70,970 ​ ​ 92,234 ​ ​ 30,607 ​ ​ 63,765 ​ ​ 30,528 ​ ​ 13,571 ​ ​ 347,568 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 4,185 ​ ​ 487 ​ ​ 6,090 ​ ​ 3,029 ​ ​ 6,246 ​ ​ 13,184 ​ ​ — ​ ​ 33,221 Internal Grade 14 (Substandard non-accrual) ​ ​ 108 ​ ​ 893 ​ ​ — ​ ​ (4) ​ ​ 335 ​ ​ 2,359 ​ ​ — ​ ​ 3,691 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 17,214 ​ $ 29,527 ​ $ 28,377 ​ $ 23,373 ​ $ 2,385 ​ $ 2,819 ​ $ 41,940 ​ $ 145,635 Internal Grade 4-7 (Pass normal risk) ​ ​ 111,653 ​ ​ 136,239 ​ ​ 70,470 ​ ​ 17,397 ​ ​ 12,734 ​ ​ 18,508 ​ ​ 367,904 ​ ​ 734,905 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 53,684 ​ ​ 81,940 ​ ​ 53,889 ​ ​ 20,382 ​ ​ 3,850 ​ ​ 5,998 ​ ​ 268,569 ​ ​ 488,312 Internal Grade 12 (Special mention) ​ ​ 92 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 92 Internal Grade 13 (Substandard accrual) ​ ​ 3,220 ​ ​ 1,910 ​ ​ 7,413 ​ ​ 6,175 ​ ​ 7,624 ​ ​ 7,377 ​ ​ 9,433 ​ ​ 43,152 Internal Grade 14 (Substandard non-accrual) ​ ​ 241 ​ ​ 1,442 ​ ​ 11,094 ​ ​ — ​ ​ 229 ​ ​ 309 ​ ​ — ​ ​ 13,315 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 9,291 ​ $ 18,711 ​ $ 22,587 ​ $ 929 ​ $ 1,514 ​ $ 3,151 ​ $ — ​ $ 56,183 Internal Grade 4-7 (Pass normal risk) ​ ​ 172,579 ​ ​ 283,798 ​ ​ 51,938 ​ ​ 15,522 ​ ​ 3,381 ​ ​ 2,208 ​ ​ 60,345 ​ ​ 589,771 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 93,777 ​ ​ 102,553 ​ ​ 32,549 ​ ​ 862 ​ ​ 118 ​ ​ 1,596 ​ ​ 15,517 ​ ​ 246,972 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ — ​ ​ 1,328 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 5,276 ​ ​ — ​ ​ 6,627 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 530 ​ ​ 72 ​ ​ — ​ ​ — ​ ​ 993 ​ ​ — ​ ​ — ​ ​ 1,595 FICO greater than 720 ​ ​ 11,714 ​ ​ 5,822 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,591 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 3,133 ​ ​ 174 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,307 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 204 ​ $ 814 ​ $ 784 ​ $ 834 ​ $ 3,561 ​ $ 23,679 ​ $ 253 ​ $ 30,129 FICO between 620 and 720 ​ ​ 3,130 ​ ​ 14,876 ​ ​ 8,634 ​ ​ 5,992 ​ ​ 6,269 ​ ​ 28,804 ​ ​ 2,715 ​ ​ 70,420 FICO greater than 720 ​ ​ 194,965 ​ ​ 816,610 ​ ​ 111,904 ​ ​ 48,471 ​ ​ 30,196 ​ ​ 54,972 ​ ​ 3,279 ​ ​ 1,260,397 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 266 ​ ​ 13,097 ​ ​ — ​ ​ 13,362 Other (1) ​ ​ 54,621 ​ ​ 28,516 ​ ​ 3,146 ​ ​ 2,503 ​ ​ 583 ​ ​ 4,705 ​ ​ 580 ​ ​ 94,654 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,288 ​ $ 411 ​ $ 138 ​ $ 83 ​ $ 15 ​ $ 47 ​ $ 336 ​ $ 2,318 FICO between 620 and 720 ​ ​ 2,824 ​ ​ 2,020 ​ ​ 670 ​ ​ 573 ​ ​ 44 ​ ​ 401 ​ ​ 1,809 ​ ​ 8,341 FICO greater than 720 ​ ​ 3,184 ​ ​ 2,063 ​ ​ 1,614 ​ ​ 542 ​ ​ 120 ​ ​ 2 ​ ​ 3,072 ​ ​ 10,597 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Other (1) ​ ​ 3,627 ​ ​ 1,924 ​ ​ 492 ​ ​ 241 ​ ​ 8 ​ ​ 25 ​ ​ 270 ​ ​ 6,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,392,936 ​ $ 2,445,661 ​ $ 1,008,687 ​ $ 498,945 ​ $ 375,766 ​ $ 545,827 ​ $ 839,088 ​ $ 7,106,910 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 344,662 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,016 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 9,027 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 463,004 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,930,619 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Losses
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended June 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 60,361 ​ $ 3,347 ​ $ — ​ $ 11 ​ $ 63,719 Commercial and industrial ​ 20,130 ​ ​ 871 ​ ​ (1,892) ​ ​ 727 ​ 19,836 Construction and land development ​ 5,515 ​ ​ (519) ​ ​ — ​ ​ — ​ 4,996 1-4 family residential ​ 4,340 ​ ​ 1,212 ​ ​ (33) ​ ​ 35 ​ 5,554 Consumer ​ ​ 499 ​ ​ 114 ​ ​ (99) ​ ​ 28 ​ ​ 542 Broker-dealer ​ ​ 340 ​ ​ 311 ​ ​ — ​ ​ — ​ ​ 651 Total ​ $ 91,185 ​ $ 5,336 ​ $ (2,024) ​ $ 801 ​ $ 95,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Six Months Ended June 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 59,354 ​ $ 4,322 ​ $ — ​ $ 43 ​ $ 63,719 Commercial and industrial ​ 21,982 ​ ​ (679) ​ ​ (3,101) ​ ​ 1,634 ​ 19,836 Construction and land development ​ 4,674 ​ ​ 322 ​ ​ — ​ ​ — ​ 4,996 1-4 family residential ​ 4,589 ​ ​ 965 ​ ​ (48) ​ ​ 48 ​ 5,554 Consumer ​ ​ 578 ​ ​ 45 ​ ​ (212) ​ ​ 131 ​ ​ 542 Broker-dealer ​ ​ 175 ​ ​ 476 ​ ​ — ​ ​ — ​ ​ 651 Total ​ $ 91,352 ​ $ 5,451 ​ $ (3,361) ​ $ 1,856 ​ $ 95,298 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended June 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 104,126 ​ $ (26,527) ​ $ (186) ​ $ 220 ​ $ 77,633 Commercial and industrial ​ 28,513 ​ ​ (106) ​ ​ (1,242) ​ ​ 701 ​ 27,866 Construction and land development ​ 7,249 ​ ​ (2,064) ​ ​ — ​ ​ — ​ 5,185 1-4 family residential ​ 3,388 ​ ​ 269 ​ ​ (51) ​ ​ 53 ​ 3,659 Consumer ​ ​ 944 ​ ​ (347) ​ ​ (74) ​ ​ 69 ​ ​ 592 Broker-dealer ​ ​ 279 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 334 Total ​ $ 144,499 ​ $ (28,720) ​ $ (1,553) ​ $ 1,043 ​ $ 115,269 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Six Months Ended June 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 109,629 ​ $ (32,044) ​ $ (186) ​ $ 234 ​ $ 77,633 Commercial and industrial ​ 27,703 ​ ​ 450 ​ ​ (1,421) ​ ​ 1,134 ​ 27,866 Construction and land development ​ 6,677 ​ ​ (1,492) ​ ​ — ​ ​ — ​ 5,185 1-4 family residential ​ 3,946 ​ ​ (588) ​ ​ (161) ​ ​ 462 ​ 3,659 Consumer ​ ​ 876 ​ ​ (276) ​ ​ (153) ​ ​ 145 ​ ​ 592 Broker-dealer ​ ​ 213 ​ ​ 121 ​ ​ — ​ ​ — ​ ​ 334 Total ​ $ 149,044 ​ $ (33,829) ​ $ (1,921) ​ $ 1,975 ​ $ 115,269
Schedule of changes in the allowance for credit losses for loans with off-balance sheet credit exposures	Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 6,487 ​ $ 8,807 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ ​ 444 ​ ​ (826) ​ ​ 1,051 ​ ​ (407) Balance, end of period ​ $ 6,931 ​ $ 7,981 ​ $ 6,931 ​ $ 7,981 ​

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2022
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR asset	The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2022 ​ 2021 2022 ​ 2021 ​ Balance, beginning of period $ 100,475 ​ $ 142,125 ​ $ 86,990 ​ $ 143,742 ​ Additions 11,210 ​ 15,815 ​ 18,510 ​ 50,115 ​ Sales — ​ (31,850) ​ (1,876) ​ (84,633) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 13,237 ​ 4,536 ​ 24,093 ​ 28,674 ​ Due to customer payoffs (3,234) ​ (6,129) ​ (6,029) ​ (13,401) ​ Balance, end of period $ 121,688 ​ $ 124,497 ​ $ 121,688 ​ $ 124,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 6,940,571 ​ $ 6,355,927 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.75 % 1.37 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three and six months ended June 30, 2021 are MSR asset fair value adjustments totaling $9.2 million and $18.9 million, respectively, which reflect the difference between the MSR carrying value and the sales price reflected in the letter of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​
Schedule of key assumptions used in measuring the fair value of the Company's MSR	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2022 ​ 2021 ​ Weighted average constant prepayment rate 8.42 % ​ 10.02 % Weighted average discount rate 12.15 % ​ 14.32 % Weighted average life (in years) 7.9 ​ ​ 7.1 ​
Schedule of sensitivity analysis of fair value of the Company's MSR to certain key assumptions	A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (4,046) ​ $ (2,603) Impact of 20% adverse change ​ (7,852) ​ (5,315) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (5,612) ​ (4,070) Impact of 20% adverse change ​ (10,716) ​ (7,753)

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2022
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Noninterest-bearing demand ​ $ 4,601,643 ​ $ 4,577,183 Interest-bearing: ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,081,043 ​ 3,270,522 Brokered - demand ​ 50,552 ​ 114,393 Money market ​ 2,888,175 ​ 3,433,341 Brokered - money market ​ 54,449 ​ 98,614 Savings ​ 328,619 ​ 345,795 Time ​ 900,828 ​ 962,752 Brokered - time ​ 15,477 ​ 15,477 ​ ​ $ 11,920,786 ​ $ 12,818,077

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	6 Months Ended
	Jun. 30, 2022
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Federal funds purchased ​ $ 352,950 ​ $ 171,925 Securities sold under agreements to repurchase ​ 180,645 ​ 191,547 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ — ​ ​ 142,000 Commercial paper ​ 289,054 ​ 353,972 ​ ​ $ 822,649 ​ $ 859,444
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Schedule of short-term borrowings	Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ ​ 2022 ​ 2021 Average balance during the period ​ $ 477,533 ​ $ 339,545 ​ Average interest rate during the period ​ 0.67 % ​ 0.36 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2022 2021 ​ Average interest rate at end of period ​ 1.48 % ​ 0.31 % Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 180,569 ​ $ 191,483 ​ Estimated fair value ​ $ 193,545 ​ $ 205,734 ​

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Senior Notes due April 2025, net of discount of $794 and $886, respectively ​ $ 149,206 ​ $ 149,114 Subordinated Notes due May 2030, net of discount of $658 and $704, respectively ​ ​ 49,342 ​ ​ 49,296 Subordinated Notes due May 2035, net of discount of $2,130 and $2,220, respectively ​ ​ 147,870 ​ ​ 147,780 Ventures Management lines of credit ​ 43,304 ​ 41,714 ​ ​ $ 389,722 ​ $ 387,904

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,653) ​ ​ (5,358) Premises and equipment, net ​ $ 2,127 ​ $ 2,422 ​
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 9,352 ​ $ 9,746 ​ $ 18,958 ​ $ 19,403 Less operating lease and sublease income ​ ​ (561) ​ ​ (342) ​ ​ (1,130) ​ ​ (681) Net operating lease cost ​ $ 8,791 ​ $ 9,404 ​ $ 17,828 ​ $ 18,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 295 ​ $ 295 Interest on lease liabilities ​ ​ 121 ​ ​ 132 ​ ​ 245 ​ ​ 266 Total finance lease cost ​ $ 268 ​ $ 279 ​ $ 540 ​ $ 561
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 18,713 ​ $ 19,162 Operating cash flows from finance leases ​ ​ 247 ​ ​ 266 Financing cash flows from finance leases ​ ​ 372 ​ ​ 336 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Operating leases ​ $ 8,266 ​ $ 28,935 Finance leases ​ ​ — ​ ​ —
Schedule of lease terms and discount rates	Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification ​ Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 5.7 ​ 3.84 % ​ 5.9 ​ 3.89 % Finance ​ 4.3 ​ 4.87 % ​ 4.8 ​ 4.84 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of June 30, 2022, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 9,838 ​ $ 622 2023 ​ 32,725 ​ ​ 1,280 2024 ​ 24,373 ​ ​ 1,163 2025 ​ 17,811 ​ ​ 886 2026 ​ 14,400 ​ ​ 813 Thereafter ​ 39,980 ​ ​ 598 Total minimum lease payments ​ 139,127 ​ ​ 5,362 Less amount representing interest ​ (14,721) ​ ​ (1,566) Lease liabilities $ 124,406 ​ $ 3,796 ​
Schedule of future minimum lease payments under finance leases	​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 9,838 ​ $ 622 2023 ​ 32,725 ​ ​ 1,280 2024 ​ 24,373 ​ ​ 1,163 2025 ​ 17,811 ​ ​ 886 2026 ​ 14,400 ​ ​ 813 Thereafter ​ 39,980 ​ ​ 598 Total minimum lease payments ​ 139,127 ​ ​ 5,362 Less amount representing interest ​ (14,721) ​ ​ (1,566) Lease liabilities $ 124,406 ​ $ 3,796

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies
Schedule of rollforward of claims activity for loans put-back to the mortgage origination segment	The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Representation and Warranty Specific Claims ​ ​ Activity - Origination Loan Balance ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 30,271 ​ $ 30,137 ​ $ 31,407 ​ $ 30,085 ​ Claims made ​ 18,216 ​ 8,575 ​ 28,058 ​ 13,687 ​ Claims resolved with no payment ​ (3,454) ​ (1,956) ​ (7,974) ​ (4,870) ​ Repurchases ​ (16,318) ​ (3,446) ​ (22,776) ​ (5,257) ​ Indemnification payments ​ — ​ (547) ​ — ​ (882) ​ Balance, end of period ​ $ 28,715 ​ $ 32,763 ​ $ 28,715 ​ $ 32,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended June 30, Six Months Ended June 30, ​ ​ 2022 2021 2022 2021 Balance, beginning of period ​ $ 27,250 ​ $ 24,261 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales ​ 762 ​ 2,858 ​ 1,515 ​ 5,865 ​ Repurchases ​ (4,211) ​ (274) ​ (4,775) ​ (398) ​ Early payment defaults ​ (51) ​ (25) ​ (122) ​ (36) ​ Indemnification payments ​ — ​ (122) ​ — ​ (264) ​ Change in reserves for loans sold in prior years ​ — ​ (326) ​ (292) ​ (326) ​ Balance, end of period ​ $ 23,750 ​ $ 26,372 ​ $ 23,750 ​ $ 26,372 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 829 ​ $ 345 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 22,921 ​ 27,079 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 23,750 ​ $ 27,424 ​ ​ ​ ​ ​ ​ ​ ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested restricted stock unit (“RSU”) activity for the six months ended June 30, 2022 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 537 ​ $ 33.41 ​ Vested/Released ​ (599) ​ $ 19.19 ​ Forfeited ​ (117) ​ $ 23.83 Balance, June 30, 2022 ​ 1,690 ​ $ 27.78 ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2022
Regulatory Matters
Schedule of comparison of the Plain Capital's and Hilltop's consolidated actual capital amounts and ratios to the regulatory minimum requirements and the Bank's regulatory minimum capital requirements and the Bank's regulatory minimum capital requirements needed to qualify as a well-capitalized institution without giving effect to the final Basel III capital rules adopted by the Federal Reserve Board	The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. Actual capital amounts and ratios as of June 30, 2022 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ June 30, 2022 ​ December 31, 2021 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,406,640 9.67 % $ 1,469,695 10.20 % 4.0 % 5.0 % Hilltop ​ 1,853,729 10.53 % 2,262,356 12.58 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,406,640 14.65 % ​ 1,469,695 16.00 % 7.0 % 6.5 % Hilltop ​ ​ 1,853,729 17.24 % ​ 2,262,356 21.22 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,406,640 14.65 % 1,469,695 16.00 % 8.5 % 8.0 % Hilltop ​ 1,853,729 17.24 % 2,262,356 21.22 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,492,639 15.55 % 1,540,100 16.77 % 10.5 % 10.0 % Hilltop ​ 2,139,683 19.90 % 2,532,008 23.75 % 10.5 % N/A ​ ​
Schedule of net capital position	At June 30, 2022, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 234,260 ​ $ 4,035 ​ Less: required net capital ​ ​ 10,505 ​ ​ 250 ​ Excess net capital ​ $ 223,755 ​ $ 3,785 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 44.6 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 207,997 ​ ​ ​ ​ ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	Changes in the fair value of derivatives are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2022 2021 2022 2021 Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (35,303) ​ $ 4,033 ​ $ (13,251) ​ $ (225) Hilltop Broker-Dealers ​ ​ 10,906 ​ ​ 6,923 ​ ​ 9,579 ​ ​ (15,272) Bank ​ ​ 17 ​ ​ 8 ​ ​ 46 ​ ​ 19
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,404,328 ​ $ 15,061 ​ $ 1,283,152 ​ $ 25,489 Commitments to purchase MBSs ​ 736,656 ​ 2,201 ​ 1,575,264 ​ (674) Commitments to sell MBSs ​ ​ 2,972,796 ​ (4,938) ​ 3,314,173 ​ (355) Interest rate swaps ​ ​ 46,849 ​ 836 ​ 68,413 ​ (1,949) U.S. Treasury bond futures and options (1) ​ ​ 257,900 ​ — ​ 247,800 ​ — Eurodollar and other futures (1) ​ ​ 2,807,000 ​ — ​ 2,061,800 ​ — Credit default swaps ​ ​ 2,000 ​ 2 ​ 7,000 ​ (15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 360,000 ​ $ 13,195 ​ $ 190,000 ​ $ 603 Interest rate swaps designated as fair value hedges (2) ​ ​ 336,034 ​ ​ 29,900 ​ ​ 221,232 ​ ​ 3,207 (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 $336.0 million and $221.2 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 $306.1 million and $218.0 million as of June 30, 2022 and December 31, 2021, 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 $29.9 million and $3.2 million as of June 30, 2022 and December 31, 2021, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	6 Months Ended
	Jun. 30, 2022
Balance Sheet Offsetting
Schedule of the assets subject to an enforceable master netting arrangement or repurchase agreements	The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Assets ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Assets ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,013,025 ​ $ — ​ $ 1,013,025 ​ $ (955,303) ​ $ — ​ $ 57,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 836 ​ ​ — ​ ​ 836 ​ ​ (820) ​ ​ — ​ ​ 16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ ​ — ​ ​ 2 ​ ​ (2) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 139,929 ​ ​ — ​ ​ 139,929 ​ ​ (138,023) ​ ​ — ​ ​ 1,906 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 2,877 ​ — ​ 2,877 ​ (2,877) ​ — ​ — ​ ​ $ 1,156,669 ​ $ — ​ $ 1,156,669 ​ $ (1,097,025) ​ $ — ​ $ 59,644 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
Schedule of the liabilities subject to an enforceable master netting arrangement or repurchase agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Liabilities ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 851,192 ​ $ — ​ $ 851,192 ​ $ (797,948) ​ $ — ​ $ 53,244 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 180,569 ​ — ​ 180,569 ​ (193,282) ​ — ​ (12,713) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 11,451 ​ (5,836) ​ 5,615 ​ (3,229) ​ — ​ 2,386 ​ ​ $ 1,043,212 ​ $ (5,836) ​ $ 1,037,376 ​ $ (994,459) ​ $ — ​ $ 42,917 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
Schedule of contractual maturities of repurchase agreements and secured borrowing transactions	The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both June 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ June 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 85,978 ​ ​ 53,290 ​ ​ 35,680 ​ ​ 5,621 ​ ​ 180,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 851,079 ​ ​ — ​ ​ — ​ ​ — ​ ​ 851,079 Total ​ $ 937,170 ​ $ 53,290 ​ $ 35,680 ​ $ 5,621 ​ $ 1,031,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,031,761 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ —

Broker-Dealer and Clearing Or_2

Broker-Dealer and Clearing Organization Receivables and Payables (Tables)	6 Months Ended
	Jun. 30, 2022
Broker-Dealer and Clearing Organization Receivables and Payables
Schedule of broker-dealer and clearing organization receivables and payables	​ Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2022 2021 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,013,025 ​ $ 1,518,372 Securities failed to deliver ​ 27,945 ​ 5,664 Trades in process of settlement ​ — ​ 144,773 Other ​ 8,860 ​ 4,137 ​ ​ $ 1,049,830 ​ $ 1,672,946 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 851,192 ​ $ 1,432,196 Correspondents ​ 22,691 ​ 20,571 Securities failed to receive ​ 40,775 ​ 18,808 Trades in process of settlement ​ 14,008 ​ — Other ​ 6,152 ​ 5,725 ​ ​ $ 934,818 ​ $ 1,477,300

Segment and Related Informati_2

Segment and Related Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment and Related Information
Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments	The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Three Months Ended June 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Consolidated Net interest income (expense) ​ $ 101,259 ​ $ 12,578 ​ $ (1,291) ​ $ (3,190) ​ $ 2,700 ​ $ 112,056 Provision for (reversal of) credit losses ​ ​ 5,025 ​ ​ 311 ​ ​ — ​ ​ — ​ ​ — ​ 5,336 Noninterest income ​ ​ 12,467 ​ ​ 87,651 ​ ​ 140,082 ​ ​ 2,080 ​ ​ (3,007) ​ 239,273 Noninterest expense ​ 57,331 ​ 90,817 ​ 133,169 ​ ​ 17,561 ​ (335) ​ 298,543 Income (loss) before taxes ​ $ 51,370 ​ $ 9,101 ​ $ 5,622 ​ $ (18,671) ​ $ 28 ​ $ 47,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Hilltop Six Months Ended June 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 193,329 ​ $ 24,096 ​ $ (3,127) ​ $ (6,580) ​ $ 4,329 ​ $ 212,047 Provision for (reversal of) credit losses ​ ​ 4,975 ​ ​ 476 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,451 Noninterest income ​ ​ 25,237 ​ ​ 148,341 ​ ​ 283,276 ​ ​ 3,846 ​ ​ (4,999) ​ ​ 455,701 Noninterest expense ​ 115,761 ​ 171,464 ​ 268,027 ​ 30,354 ​ (713) ​ 584,893 Income (loss) before taxes ​ $ 97,830 ​ $ 497 ​ $ 12,122 ​ $ (33,088) ​ $ 43 ​ $ 77,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Hilltop Three Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 105,468 ​ $ 10,682 ​ $ (5,953) ​ $ (4,687) ​ $ 2,406 ​ $ 107,916 Provision for (reversal of) credit losses ​ ​ (28,775) ​ ​ 55 ​ ​ — ​ ​ — ​ ​ — ​ ​ (28,720) Noninterest income ​ ​ 10,242 ​ ​ 83,463 ​ ​ 241,965 ​ ​ 6,877 ​ ​ (2,648) ​ ​ 339,899 Noninterest expense ​ 57,514 ​ 87,234 ​ 186,963 ​ 12,072 ​ (415) ​ 343,368 Income (loss) before taxes ​ $ 86,971 ​ $ 6,856 ​ $ 49,049 ​ $ (9,882) ​ $ 173 ​ $ 133,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Six Months Ended June 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 209,352 ​ $ 21,196 ​ $ (13,051) ​ $ (9,379) ​ $ 5,480 ​ $ 213,598 Provision for (reversal of) credit losses ​ (33,950) ​ ​ 121 ​ ​ — ​ ​ — ​ ​ — ​ (33,829) Noninterest income ​ 21,566 ​ ​ 182,086 ​ ​ 552,409 ​ ​ 7,383 ​ ​ (5,960) ​ 757,484 Noninterest expense ​ 113,302 ​ 178,638 ​ 397,297 ​ ​ 21,660 ​ ​ (867) ​ 710,030 Income (loss) before taxes ​ $ 151,566 ​ $ 24,523 ​ $ 142,061 ​ $ (23,656) ​ $ 387 ​ $ 294,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,826,898 ​ $ 2,659,850 ​ $ 1,820,074 ​ $ 2,444,889 ​ $ (4,035,972) ​ $ 16,715,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings per Common Share
Schedule of the computation of basic and diluted earnings per common share	​ The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2022 2021 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 33,260 ​ $ 99,060 ​ $ 55,510 ​ $ 219,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 73,693 ​ 81,663 ​ 76,389 ​ 81,914 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ $ 0.45 ​ $ 1.21 ​ $ 0.73 ​ $ 2.68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 33,260 ​ $ 99,060 ​ $ 55,510 ​ $ 219,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 73,693 ​ 81,663 ​ 76,389 ​ 81,914 Effect of potentially dilutive securities ​ 145 ​ ​ 536 ​ 180 ​ 493 Weighted average shares outstanding - diluted ​ 73,838 ​ 82,199 ​ 76,569 ​ 82,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.45 ​ $ 1.21 ​ $ 0.73 ​ $ 2.66

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)
Basis of Presentation
Number of primary business units | item		2
Redemption of junior subordinated debentures		$ 410,832	$ 473,891
PCC
Basis of Presentation
Ownership percentage		100%
Securities Holdings
Basis of Presentation
Ownership percentage		100%
HTH Hillcrest Project LLC
Basis of Presentation
Membership ownership percentage		100%
Hilltop Investments I, LLC
Basis of Presentation
Membership ownership percentage		100%
PCC | Plains Capital Bank
Basis of Presentation
Ownership percentage		100%
PCC | Hilltop Opportunity Partners LLC
Basis of Presentation
Membership ownership percentage		100%
PCC | PCC Statutory Trusts
Basis of Presentation
Ownership percentage		100%
Redemption of junior subordinated debentures	$ 67,000
Plains Capital Bank | Prime Lending
Basis of Presentation
Ownership percentage		100%
Prime Lending | Prime Lending Ventures Management LLC
Basis of Presentation
Membership ownership percentage		100%
Hilltop Investments I, LLC | Hillcrest Land LLC
Basis of Presentation
Membership ownership percentage		50%

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 1,370	$ 1,780
Mortgage loans held for sale, unpaid principal balance	$ 1,350	$ 1,730

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Trading securities	$ 593,273	$ 647,998
Available for sale securities	1,562,222	2,130,568
Equity securities	197	250
MSR asset	121,688	86,990
Financial liabilities:
Securities sold, not yet purchased	135,968	96,586
Recurring
Financial assets:
Trading securities	593,273	647,998
Available for sale securities	1,562,222	2,130,568
Equity securities	197	250
Loans held for sale	1,372,383	1,782,591
Loans held for investment	9,027
Derivative assets	82,918	48,122
MSR asset	121,688	86,990
Financial liabilities:
Securities sold, not yet purchased	135,968	96,586
Derivative liabilities	26,661	21,816
Recurring | Level 1
Financial assets:
Trading securities	8,594	8,628
Equity securities	197	250
Financial liabilities:
Securities sold, not yet purchased	68,543	45,973
Recurring | Level 2
Financial assets:
Trading securities	584,679	639,370
Available for sale securities	1,562,222	2,130,568
Loans held for sale	1,330,651	1,734,875
Derivative assets	82,918	48,122
Financial liabilities:
Securities sold, not yet purchased	67,425	50,613
Derivative liabilities	26,661	21,816
Recurring | Level 3
Financial assets:
Loans held for sale	41,732	47,716
Loans held for investment	9,027
MSR asset	$ 121,688	$ 86,990

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 156,063	$ 219,400	$ 134,706	$ 215,558
Purchases/Additions	24,666	34,777	48,563	81,571
Sales/Reductions	(12,652)	(54,122)	(27,186)	(114,144)
Transfers to (from) Level 3	1,094	(2,549)	5,838	(1,808)
Total gains or losses (realized or unrealized):
Included in Net Income	3,276	(1,576)	10,526	14,753
Asset balance, end of period	172,447	195,930	172,447	195,930
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	45,977	77,275	47,716	71,816
Purchases/Additions	13,456	18,962	20,442	31,456
Sales/Reductions	(12,090)	(22,272)	(24,748)	(29,511)
Transfers to (from) Level 3	1,094	(2,549)	5,838	(1,808)
Total gains or losses (realized or unrealized):
Included in Net Income	(6,705)	17	(7,516)	(520)
Asset balance, end of period	41,732	71,433	41,732	71,433
Loans Held For Investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	9,611
Purchases/Additions			9,611
Sales/Reductions	(562)		(562)
Total gains or losses (realized or unrealized):
Included in Net Income	(22)		(22)
Asset balance, end of period	9,027		9,027
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	100,475	142,125	86,990	143,742
Purchases/Additions	11,210	15,815	18,510	50,115
Sales/Reductions		(31,850)	(1,876)	(84,633)
Total gains or losses (realized or unrealized):
Included in Net Income	10,003	(1,593)	18,064	15,273
Asset balance, end of period	$ 121,688	$ 124,497	$ 121,688	$ 124,497

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Jun. 30, 2022 item	Dec. 31, 2021 item
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	0.87	0.95
Loans Held for Sale | Projected Price | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.86	0.94
Loans Held for Sale | Projected Price | Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.89	0.95
Loans Held For Investment | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loans Held-for-sale, Measurement Input	0.1100
MSR asset | Constant Prepayment Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Servicing Asset, Measurement Input	0.0842	0.1002
MSR asset | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1215	0.1432

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value Option
Net Gains (Losses)	$ 97,543	$ 199,625	$ 208,437	$ 466,705
Other Noninterest Income	32,593	27,560	39,214	68,901
Transfers of assets from level 1 to level 2	0	0	0	0
Transfers of assets from level 2 to level 1	0	0	0	0
Transfers of liabilities from level 1 to level 2	0	0	0	0
Transfers of liabilities from level 2 to level 1	0	0	0	0
Loans Held for Sale
Fair Value Option
Net Gains (Losses)	14,862	45,439	(35,994)	(22,517)
Total Changes in Fair Value	14,862	45,439	(35,994)	(22,517)
Loans Held For Investment
Fair Value Option
Net Gains (Losses)	(283)		(283)
Total Changes in Fair Value	(283)		(283)
MSR asset
Fair Value Option
Net Gains (Losses)	10,003	(1,593)	18,064	15,273
Total Changes in Fair Value	$ 10,003	$ (1,593)	$ 18,064	$ 15,273

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Held to maturity securities	$ 876,531	$ 276,296
Loans held for investment, net	7,835,321	7,788,552
Broker-dealer and clearing organization receivables	1,049,830	1,672,946
Financial liabilities:
Broker-dealer and clearing organization payables	934,818	1,477,300
Carrying Amount
Financial assets:
Cash and cash equivalents	1,783,935	2,823,523
Assets segregated for regulatory purposes	120,816	221,740
Securities purchased under agreements to resell	139,929	118,262
Held to maturity securities	920,583	267,684
Loans held for sale	119,197	95,599
Loans held for investment, net	7,826,294	7,788,552
Broker-dealer and clearing organization receivables	1,049,830	1,672,946
Other assets	70,069	73,041
Financial liabilities:
Deposits	11,920,786	12,818,077
Broker-dealer and clearing organization payables	934,818	1,477,300
Short-term borrowings	822,649	859,444
Debt	389,722	387,904
Other liabilities	3,895	3,944
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	1,783,935	2,823,523
Assets segregated for regulatory purposes	120,816	221,740
Securities purchased under agreements to resell	139,929	118,262
Held to maturity securities	876,531	276,296
Loans held for sale	119,197	95,599
Loans held for investment, net	7,728,445	7,999,925
Broker-dealer and clearing organization receivables	1,049,830	1,672,946
Other assets	70,069	73,041
Financial liabilities:
Deposits	11,907,658	12,821,138
Broker-dealer and clearing organization payables	934,818	1,477,300
Short-term borrowings	822,649	859,444
Debt	389,722	387,904
Other liabilities	3,895	3,944
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	1,783,935	2,823,523
Assets segregated for regulatory purposes	120,816	221,740
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	139,929	118,262
Held to maturity securities	876,531	276,296
Loans held for sale	119,197	95,599
Loans held for investment, net	463,004	733,193
Broker-dealer and clearing organization receivables	1,049,830	1,672,946
Other assets	68,397	71,290
Financial liabilities:
Deposits	11,907,658	12,821,138
Broker-dealer and clearing organization payables	934,818	1,477,300
Short-term borrowings	822,649	859,444
Debt	389,722	387,904
Other liabilities	3,895	3,944
Estimate of Fair Value | Level 3
Financial assets:
Loans held for investment, net	7,265,441	7,266,732
Other assets	$ 1,672	$ 1,751

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 27,986	$ 22,905	$ 16,817	$ 22,844
Additional investments			11,000
Upward adjustments	231	5,763	445	5,884
Impairments and downward adjustments	(34)	(704)	(79)	(764)
Dispositions		(975)		(975)
Balance, end of period	28,183	$ 26,989	28,183	$ 26,989
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 62,200		$ 62,200		$ 54,000

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of fair value of trading securities
Debt Securities, Trading	$ 593,273	$ 647,998
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	135,968	96,586
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	3,689	3,728
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	17,303	3,410
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	133,290	152,093
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading	124,997	126,389
Corporate Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	64,543	60,671
US States and Political Subdivisions Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	226,986	285,376
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	16,529	11,377
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 5,936	$ 4,954

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Available for sale
Amortized cost		$ 1,667,837		$ 1,667,837		$ 2,148,635
Unrealized Gains		863		863		13,570
Unrealized Losses		(106,478)		(106,478)		(31,637)
Fair Value		1,562,222		1,562,222		2,130,568
Held to maturity
Amortized cost		920,583		920,583		267,684
Unrealized Gains		47		47		8,615
Unrealized Losses		(44,099)		(44,099)		(3)
Held to maturity, fair value		876,531		876,531		276,296
Equity Securities
Unrealized net gains from equity securities				100		200
Equity, at fair value		197		197		250
Book value of held to maturity				686,840
Pre-tax net unrecognized losses				70,435
Recognized net loss on equity securities		100	$ 100	100	$ 100
US Treasury Securities
Available for sale
Amortized cost		24,937		24,937		14,937
Unrealized Losses		(600)		(600)		(75)
Fair Value		24,337		24,337		14,862
Bonds
Available for sale
Amortized cost		77,283		77,283		43,448
Unrealized Gains		482		482		838
Unrealized Losses		(443)		(443)		(153)
Fair Value		77,322		77,322		44,133
Residential Mortgage Backed Securities
Available for sale
Amortized cost		486,800		486,800		900,084
Unrealized Gains		80		80		7,979
Unrealized Losses		(32,942)		(32,942)		(9,617)
Fair Value		453,938		453,938		898,446
Held to maturity
Amortized cost		315,666		315,666		9,892
Unrealized Gains						400
Unrealized Losses		(15,987)		(15,987)
Held to maturity, fair value		299,679		299,679		10,292
Commercial Mortgage Backed Securities
Available for sale
Amortized cost		189,572		189,572		219,460
Unrealized Gains		62		62		367
Unrealized Losses		(23,618)		(23,618)		(9,128)
Fair Value		166,016		166,016		210,699
Held to maturity
Amortized cost		196,733		196,733		145,742
Unrealized Gains		19		19		5,311
Unrealized Losses		(6,543)		(6,543)
Held to maturity, fair value		190,209		190,209		151,053
Collateralized Mortgage Obligations
Available for sale
Amortized cost		848,031		848,031		926,783
Unrealized Gains		76		76		2,547
Unrealized Losses		(45,584)		(45,584)		(12,464)
Fair Value		802,523		802,523		916,866
Held to maturity
Amortized cost		336,313		336,313		43,990
Unrealized Gains						476
Unrealized Losses		(15,802)		(15,802)
Held to maturity, fair value		320,511		320,511		44,466
US States and Political Subdivisions Debt Securities
Available for sale
Amortized cost		41,214		41,214		43,923
Unrealized Gains		163		163		1,839
Unrealized Losses		(3,291)		(3,291)		(200)
Fair Value		38,086		38,086		45,562
Held to maturity
Amortized cost		71,871		71,871		68,060
Unrealized Gains		28		28		2,428
Unrealized Losses		(5,767)		(5,767)		(3)
Held to maturity, fair value		$ 66,132		$ 66,132		$ 70,485
Agency Issued Securities
Equity Securities
Book value of held to maturity	$ 782,000
Market value of held to maturity	708,000
Pre-tax net unrecognized losses	$ 74,000

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	281	147
Unrealized loss for twelve months or longer | item	29	42
Total | item	310	189
Fair Value
Unrealized loss for less than twelve months	$ 1,298,247	$ 1,262,834
Unrealized loss for twelve months or longer	143,956	311,828
Total	1,442,203	1,574,662
Unrealized Loss
Unrealized loss for less than twelve months	85,352	20,376
Unrealized loss for twelve months or longer	21,126	11,261
Total	$ 106,478	$ 31,637
US Treasury Securities
Number of Securities
Unrealized loss for less than twelve months | item	3	2
Total | item	3	2
Fair Value
Unrealized loss for less than twelve months	$ 24,337	$ 14,862
Total	24,337	14,862
Unrealized Loss
Unrealized loss for less than twelve months	600	75
Total	$ 600	$ 75
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	1	2
Unrealized loss for twelve months or longer | item	2	1
Total | item	3	3
Fair Value
Unrealized loss for less than twelve months	$ 4,831	$ 9,904
Unrealized loss for twelve months or longer	10,841	6,184
Total	15,672	16,088
Unrealized Loss
Unrealized loss for less than twelve months	168	94
Unrealized loss for twelve months or longer	275	59
Total	$ 443	$ 153
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	108	52
Unrealized loss for twelve months or longer | item	8	17
Total | item	116	69
Fair Value
Unrealized loss for less than twelve months	$ 388,795	$ 548,392
Unrealized loss for twelve months or longer	58,313	104,378
Total	447,108	652,770
Unrealized Loss
Unrealized loss for less than twelve months	25,793	6,915
Unrealized loss for twelve months or longer	7,149	2,702
Total	$ 32,942	$ 9,617
Commercial Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	10	5
Unrealized loss for twelve months or longer | item	5	14
Total | item	15	19
Fair Value
Unrealized loss for less than twelve months	$ 109,985	$ 65,636
Unrealized loss for twelve months or longer	49,979	138,619
Total	159,964	204,255
Unrealized Loss
Unrealized loss for less than twelve months	13,622	1,776
Unrealized loss for twelve months or longer	9,996	7,352
Total	$ 23,618	$ 9,128
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	117	72
Unrealized loss for twelve months or longer | item	8	10
Total | item	125	82
Fair Value
Unrealized loss for less than twelve months	$ 748,245	$ 618,464
Unrealized loss for twelve months or longer	22,853	62,647
Total	771,098	681,111
Unrealized Loss
Unrealized loss for less than twelve months	42,634	11,316
Unrealized loss for twelve months or longer	2,950	1,148
Total	$ 45,584	$ 12,464
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	42	14
Unrealized loss for twelve months or longer | item	6
Total | item	48	14
Fair Value
Unrealized loss for less than twelve months	$ 22,054	$ 5,576
Unrealized loss for twelve months or longer	1,970
Total	24,024	5,576
Unrealized Loss
Unrealized loss for less than twelve months	2,535	200
Unrealized loss for twelve months or longer	756
Total	$ 3,291	$ 200

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	269	2
Unrealized loss for twelve months or longer | item	26	1
Total | item	295	3
Fair Value
Unrealized loss for less than twelve months	$ 682,141	$ 558
Unrealized loss for twelve months or longer	179,478	266
Total	861,619	824
Unrealized Losses
Unrealized loss for less than twelve months	33,098	1
Unrealized loss for twelve months or longer	11,001	2
Total	$ 44,099	$ 3
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	30
Unrealized loss for twelve months or longer | item	15
Total | item	45
Fair Value
Unrealized loss for less than twelve months	$ 196,968
Unrealized loss for twelve months or longer	102,710
Total	299,678
Unrealized Losses
Unrealized loss for less than twelve months	9,481
Unrealized loss for twelve months or longer	6,506
Total	$ 15,987
Commercial Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	31
Unrealized loss for twelve months or longer | item	1
Total | item	32
Fair Value
Unrealized loss for less than twelve months	$ 180,360
Unrealized loss for twelve months or longer	3,073
Total	183,433
Unrealized Losses
Unrealized loss for less than twelve months	6,347
Unrealized loss for twelve months or longer	196
Total	$ 6,543
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	47
Unrealized loss for twelve months or longer | item	9
Total | item	56
Fair Value
Unrealized loss for less than twelve months	$ 247,023
Unrealized loss for twelve months or longer	73,481
Total	320,504
Unrealized Losses
Unrealized loss for less than twelve months	11,557
Unrealized loss for twelve months or longer	4,245
Total	$ 15,802
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	161	2
Unrealized loss for twelve months or longer | item	1	1
Total | item	162	3
Fair Value
Unrealized loss for less than twelve months	$ 57,790	$ 558
Unrealized loss for twelve months or longer	214	266
Total	58,004	824
Unrealized Losses
Unrealized loss for less than twelve months	5,713	1
Unrealized loss for twelve months or longer	54	2
Total	$ 5,767	$ 3

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 34,547
Due after one year through five years	23,446
Due after five years through ten years	21,963
Due after ten years	63,478
Total	143,434
Amortized cost	1,667,837	$ 2,148,635
AFS, Fair Value, Rolling Maturity
Due in one year or less	34,413
Due after one year through five years	22,607
Due after five years through ten years	21,878
Due after ten years	60,847
Total	139,745
Fair Value	1,562,222	2,130,568
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	486,800
Amortized cost	486,800	900,084
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	453,938
Fair Value	453,938	898,446
Commercial Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	189,572
Amortized cost	189,572	219,460
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	166,016
Fair Value	166,016	210,699
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	848,031
Amortized cost	848,031	926,783
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	802,523
Fair Value	$ 802,523	$ 916,866

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 275
Due after one year through five years	1,386
Due after five years through ten years	16,580
Due after ten years	53,630
Total	71,871
Amortized cost	920,583	$ 267,684
HTM, Fair Value, Rolling Maturities
Due in one year or less	275
Due after one year through five years	1,359
Due after five years through ten years	15,840
Due after ten years	48,658
Total	66,132
Fair Value	876,531	276,296
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	315,666
Amortized cost	315,666	9,892
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	299,679
Fair Value	299,679	10,292
Commercial Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	196,733
Amortized cost	196,733	145,742
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	190,209
Fair Value	190,209	151,053
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	336,313
Amortized cost	336,313	43,990
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	320,511
Fair Value	$ 320,511	$ 44,466

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Securities
Realized net gains (losses) from trading securities portfolio	$ 6.8	$ 11.1	$ (4.7)	$ 19.8
Realized net losses from other securities				0.1
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral		Asset Pledged as Collateral		Asset Pledged as Collateral
Asset Pledged as Collateral
Securities
Carrying amount of securities pledged	$ 806.5		$ 806.5		$ 809.9
Fair value of securities pledged	753.9		753.9		$ 817.7
Hilltop Broker-Dealers
Securities
Realized net gains (losses) from trading securities portfolio	$ 2.4	$ (8.9)	$ 9.1	$ 35.1

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans
Loans	$ 7,930,619		$ 7,879,904
Allowance for loan losses	(95,298)	$ (91,185)	(91,352)	$ (115,269)	$ (144,499)	$ (149,044)
Loans held for investment, net	7,835,321		7,788,552
Commercial real estate
Loans
Loans	3,262,628		3,042,729
Allowance for loan losses	(63,719)	(60,361)	(59,354)	(77,633)	(104,126)	(109,629)
Commercial and industrial
Loans
Loans	1,786,116		1,875,420
Allowance for loan losses	(19,836)	(20,130)	(21,982)	(27,866)	(28,513)	(27,703)
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Loans
Loans	7,000		77,700
Construction and Land Development
Loans
Loans	922,047		892,783
Allowance for loan losses	(4,996)	(5,515)	(4,674)	(5,185)	(7,249)	(6,677)
1 - 4 family residential
Loans
Loans	1,468,962		1,303,430
Allowance for loan losses	(5,554)	(4,340)	(4,589)	(3,659)	(3,388)	(3,946)
Consumer
Loans
Loans	27,862		32,349
Allowance for loan losses	(542)	(499)	(578)	(592)	(944)	(876)
Broker-dealer
Loans
Loans	463,004		733,193
Allowance for loan losses	$ (651)	$ (340)	$ (175)	$ (334)	$ (279)	$ (213)

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Non-accrual loans
Non-accrual Loans With Allowance	$ 13,350,000		$ 13,350,000		$ 20,934,000
Non-accrual Loans With No Allowance	18,294,000		18,294,000		26,378,000
Non-accrual loans	31,644,000		31,644,000		47,312,000
Interest Income Recognized	$ 2,145,000	$ 1,529,000	$ 2,941,000	$ 2,775,000
Number of loan relationships	5		5
Decrease in non-accrual status loans			$ 15,700,000
Commercial real estate | Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	$ 603,000		603,000		413,000
Non-accrual Loans With No Allowance	653,000		653,000		1,853,000
Non-accrual loans	1,256,000		1,256,000		2,266,000
Interest Income Recognized	60,000	54,000	157,000	128,000
Decrease in non-accrual status loans			1,000,000
Commercial real estate | Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	3,084,000		3,084,000		3,058,000
Non-accrual Loans With No Allowance	607,000		607,000		1,277,000
Non-accrual loans	3,691,000		3,691,000		4,335,000
Interest Income Recognized	334,000	139,000	417,000	229,000
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	9,112,000		9,112,000		16,536,000
Non-accrual Loans With No Allowance	4,203,000		4,203,000		5,942,000
Non-accrual loans	13,315,000		13,315,000		22,478,000
Interest Income Recognized	439,000	331,000	627,000	474,000
Decrease in non-accrual status loans			9,200,000
Construction and Land Development
Non-accrual loans
Non-accrual Loans With Allowance	1,000		1,000		2,000
Non-accrual loans	1,000		1,000		2,000
Interest Income Recognized	8,000	20,000	15,000	35,000
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	531,000		531,000		902,000
Non-accrual Loans With No Allowance	12,831,000		12,831,000		17,306,000
Non-accrual loans	13,362,000		13,362,000		18,208,000
Interest Income Recognized	1,304,000	1,106,000	1,725,000	2,030,000
Decrease in non-accrual status loans			4,800,000
1 - 4 family residential | Secured by Residential Properties [Member]
Non-accrual loans
Non-accrual loans held for sale	3,200,000		3,200,000		2,900,000
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	19,000		19,000		23,000
Non-accrual loans	$ 19,000		$ 19,000		$ 23,000
Interest Income Recognized		$ (121,000)		$ (121,000)

Loans Held for Investment - TDR

Loans Held for Investment - TDRs (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
TDRs, Non-covered loans
Number of TDR loans granted | loan	2	1	3	1
TDR at extension | $	$ 3,000,000	$ 700,000	$ 3,600,000	$ 700,000
TDR modifications, end of period | $			3,100,000
Unadvanced commitments to borrowers | $	$ 0		$ 0
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan			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

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 7,930,619	$ 7,879,904
Accruing Loans Past Due 90 Days or More	102	101
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	21,294	10,477
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,777	3,725
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	14,200	21,950
Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	37,271	36,152
Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,893,348	7,843,752
Prime Lending
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Repurchase under a forbearance agreement	36,100
Prime Lending | U S Government Agencies Secured
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Accruing Loans Past Due 90 Days or More	82,300	60,700
Unpaid principal balance loans past due 90 days or more	82,800	61,700
Commercial real estate
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,262,628	3,042,729
Commercial real estate | Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,911,136	1,729,699
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
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	198	1,173
Commercial real estate | Non-owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	198	1,290
Commercial real estate | Non-owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,910,938	1,728,409
Commercial real estate | Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,351,492	1,313,030
Commercial real estate | Owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,020	590
Commercial real estate | Owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	36	688
Commercial real estate | Owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	83	2,273
Commercial real estate | Owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,139	3,551
Commercial real estate | Owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,348,353	1,309,479
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,786,116	1,875,420
Accruing Loans Past Due 90 Days or More		1
Commercial and industrial | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	9,086	1,059
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	59	277
Commercial and industrial | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,025	13,640
Commercial and industrial | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	17,170	14,976
Commercial and industrial | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,768,946	1,860,444
Construction and Land Development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	922,047	892,783
Construction and Land Development | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,288	946
Construction and Land Development | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	116
Construction and Land Development | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,404	946
Construction and Land Development | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	917,643	891,837
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,468,962	1,303,430
Accruing Loans Past Due 90 Days or More	102	100
1 - 4 family residential | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,709	7,642
1 - 4 family residential | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,551	2,738
1 - 4 family residential | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	5,876	4,842
1 - 4 family residential | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	12,136	15,222
1 - 4 family residential | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,456,826	1,288,208
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,862	32,349
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	191	123
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	15	22
Consumer | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	18	22
Consumer | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	224	167
Consumer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,638	32,182
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	463,004	733,193
Broker-dealer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 463,004	$ 733,193

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Internal risk grades of non-covered loans
2022	$ 1,392,936
2021	2,445,661
2020	1,008,687
2019	498,945
2018	375,766
2017 and Prior	545,827
Revolving	839,088
Total loans with credit quality measures	7,106,910
Total	7,930,619	$ 7,879,904
Commercial real estate
Internal risk grades of non-covered loans
Total	3,262,628	3,042,729
Commercial real estate | Non-owner occupied
Internal risk grades of non-covered loans
Total	1,911,136	1,729,699
Commercial real estate | Non-owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	44,621
2021	74,976
2020	20,075
2019	9,882
2018	8,788
2017 and Prior	11,757
Revolving	2
Total loans with credit quality measures	170,101
Commercial real estate | Non-owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	284,152
2021	296,372
2020	143,410
2019	115,193
2018	41,986
2017 and Prior	80,885
Revolving	28,181
Total loans with credit quality measures	990,179
Commercial real estate | Non-owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	82,153
2021	166,149
2020	181,713
2019	81,382
2018	72,866
2017 and Prior	92,202
Revolving	1,550
Total loans with credit quality measures	678,015
Commercial real estate | Non-owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	37,929
2021	14,659
2020	4,093
2019	8,222
2018	25
2017 and Prior	6,657
Total loans with credit quality measures	71,585
Commercial real estate | Non-owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	403
2017 and Prior	853
Total loans with credit quality measures	1,256
Commercial real estate | Owner occupied
Internal risk grades of non-covered loans
Total	1,351,492	1,313,030
Commercial real estate | Owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	24,732
2021	111,984
2020	58,631
2019	18,662
2018	13,920
2017 and Prior	60,532
Revolving	6,002
Total loans with credit quality measures	294,463
Commercial real estate | Owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	128,192
2021	178,018
2020	96,688
2019	88,070
2018	93,945
2017 and Prior	73,876
Revolving	13,760
Total loans with credit quality measures	672,549
Commercial real estate | Owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	45,893
2021	70,970
2020	92,234
2019	30,607
2018	63,765
2017 and Prior	30,528
Revolving	13,571
Total loans with credit quality measures	347,568
Commercial real estate | Owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	4,185
2021	487
2020	6,090
2019	3,029
2018	6,246
2017 and Prior	13,184
Total loans with credit quality measures	33,221
Commercial real estate | Owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2022	108
2021	893
2019	(4)
2018	335
2017 and Prior	2,359
Total loans with credit quality measures	3,691
Commercial and industrial
Internal risk grades of non-covered loans
Total	1,786,116	1,875,420
Commercial and industrial | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	17,214
2021	29,527
2020	28,377
2019	23,373
2018	2,385
2017 and Prior	2,819
Revolving	41,940
Total loans with credit quality measures	145,635
Commercial and industrial | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	111,653
2021	136,239
2020	70,470
2019	17,397
2018	12,734
2017 and Prior	18,508
Revolving	367,904
Total loans with credit quality measures	734,905
Commercial and industrial | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	53,684
2021	81,940
2020	53,889
2019	20,382
2018	3,850
2017 and Prior	5,998
Revolving	268,569
Total loans with credit quality measures	488,312
Commercial and industrial | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2022	92
Total loans with credit quality measures	92
Commercial and industrial | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	3,220
2021	1,910
2020	7,413
2019	6,175
2018	7,624
2017 and Prior	7,377
Revolving	9,433
Total loans with credit quality measures	43,152
Commercial and industrial | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2022	241
2021	1,442
2020	11,094
2018	229
2017 and Prior	309
Total loans with credit quality measures	13,315
Commercial and industrial | Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	344,662
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Internal risk grades of non-covered loans
Loans without credit quality measures	7,016
Total	7,000	77,700
Commercial and industrial | Loans Accounted At Fair Value
Internal risk grades of non-covered loans
Loans without credit quality measures	9,027
Construction and Land Development
Internal risk grades of non-covered loans
Total	922,047	892,783
Construction and Land Development | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	530
2021	72
2018	993
Total loans with credit quality measures	1,595
Construction and Land Development | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	11,714
2021	5,822
2020	55
Total loans with credit quality measures	17,591
Construction and Land Development | Other.
Internal risk grades of non-covered loans
2022	3,133
2021	174
Total loans with credit quality measures	3,307
Construction and Land Development | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	9,291
2021	18,711
2020	22,587
2019	929
2018	1,514
2017 and Prior	3,151
Total loans with credit quality measures	56,183
Construction and Land Development | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	172,579
2021	283,798
2020	51,938
2019	15,522
2018	3,381
2017 and Prior	2,208
Revolving	60,345
Total loans with credit quality measures	589,771
Construction and Land Development | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	93,777
2021	102,553
2020	32,549
2019	862
2018	118
2017 and Prior	1,596
Revolving	15,517
Total loans with credit quality measures	246,972
Construction and Land Development | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2021	1,328
2019	23
2017 and Prior	5,276
Total loans with credit quality measures	6,627
Construction and Land Development | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2017 and Prior	1
Total loans with credit quality measures	1
1 - 4 family residential
Internal risk grades of non-covered loans
Total	1,468,962	1,303,430
1 - 4 family residential | FICO Score, Less than 620
Internal risk grades of non-covered loans
2022	204
2021	814
2020	784
2019	834
2018	3,561
2017 and Prior	23,679
Revolving	253
Total loans with credit quality measures	30,129
1 - 4 family residential | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	3,130
2021	14,876
2020	8,634
2019	5,992
2018	6,269
2017 and Prior	28,804
Revolving	2,715
Total loans with credit quality measures	70,420
1 - 4 family residential | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	194,965
2021	816,610
2020	111,904
2019	48,471
2018	30,196
2017 and Prior	54,972
Revolving	3,279
Total loans with credit quality measures	1,260,397
1 - 4 family residential | Substandard non-accrual
Internal risk grades of non-covered loans
2020	(1)
2018	266
2017 and Prior	13,097
Total loans with credit quality measures	13,362
1 - 4 family residential | Other.
Internal risk grades of non-covered loans
2022	54,621
2021	28,516
2020	3,146
2019	2,503
2018	583
2017 and Prior	4,705
Revolving	580
Total loans with credit quality measures	94,654
Consumer
Internal risk grades of non-covered loans
Total	27,862	32,349
Consumer | FICO Score, Less than 620
Internal risk grades of non-covered loans
2022	1,288
2021	411
2020	138
2019	83
2018	15
2017 and Prior	47
Revolving	336
Total loans with credit quality measures	2,318
Consumer | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	2,824
2021	2,020
2020	670
2019	573
2018	44
2017 and Prior	401
Revolving	1,809
Total loans with credit quality measures	8,341
Consumer | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	3,184
2021	2,063
2020	1,614
2019	542
2018	120
2017 and Prior	2
Revolving	3,072
Total loans with credit quality measures	10,597
Consumer | Substandard non-accrual
Internal risk grades of non-covered loans
2017 and Prior	19
Total loans with credit quality measures	19
Consumer | Other.
Internal risk grades of non-covered loans
2022	3,627
2021	1,924
2020	492
2019	241
2018	8
2017 and Prior	25
Revolving	270
Total loans with credit quality measures	6,587
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	463,004
Total	$ 463,004	$ 733,193

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Credit Losses
Available for sale debt securities past due	$ 0		$ 0
Provision (reversal) in allowance on individually evaluated loans	(1.3)	$ (1)	(1)	$ 0.4
Provision (reversal) in allowance on collectively evaluated loans	6.6	(27.7)	6.4	(34.2)
Net charge-offs	$ 1.2	$ 0.5	$ 1.5
Net recoveries				$ 0.1

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 91,185	$ 144,499	$ 91,352	$ 149,044
Provision for (Reversal of) Credit Losses	5,336	(28,720)	5,451	(33,829)
Loans Charged Off	(2,024)	(1,553)	(3,361)	(1,921)
Recoveries on Charged Off Loans	801	1,043	1,856	1,975
Balance, End of Period	95,298	115,269	95,298	115,269
Commercial real estate
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	60,361	104,126	59,354	109,629
Provision for (Reversal of) Credit Losses	3,347	(26,527)	4,322	(32,044)
Loans Charged Off		(186)		(186)
Recoveries on Charged Off Loans	11	220	43	234
Balance, End of Period	63,719	77,633	63,719	77,633
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	20,130	28,513	21,982	27,703
Provision for (Reversal of) Credit Losses	871	(106)	(679)	450
Loans Charged Off	(1,892)	(1,242)	(3,101)	(1,421)
Recoveries on Charged Off Loans	727	701	1,634	1,134
Balance, End of Period	19,836	27,866	19,836	27,866
Construction and Land Development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	5,515	7,249	4,674	6,677
Provision for (Reversal of) Credit Losses	(519)	(2,064)	322	(1,492)
Balance, End of Period	4,996	5,185	4,996	5,185
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	4,340	3,388	4,589	3,946
Provision for (Reversal of) Credit Losses	1,212	269	965	(588)
Loans Charged Off	(33)	(51)	(48)	(161)
Recoveries on Charged Off Loans	35	53	48	462
Balance, End of Period	5,554	3,659	5,554	3,659
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	499	944	578	876
Provision for (Reversal of) Credit Losses	114	(347)	45	(276)
Loans Charged Off	(99)	(74)	(212)	(153)
Recoveries on Charged Off Loans	28	69	131	145
Balance, End of Period	542	592	542	592
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	340	279	175	213
Provision for (Reversal of) Credit Losses	311	55	476	121
Balance, End of Period	$ 651	$ 334	$ 651	$ 334

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 6,487	$ 8,807	$ 5,880	$ 8,388
Other noninterest expense	444	(826)	1,051	(407)
Balance, end of period	$ 6,931	$ 7,981	$ 6,931	$ 7,981

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Change in fair value of mortgage servicing rights
Balance, beginning of year			$ 86,990
Balance, end of year	$ 121,688		121,688		$ 86,990
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	100,475	$ 142,125	86,990	$ 143,742	143,742
Additions	11,210	15,815	18,510	50,115
Sales		(31,850)	(1,876)	(84,633)
Changes in fair value: Due to changes in model inputs or assumptions	13,237	4,536	24,093	28,674
Changes in fair value: Due to customer payoffs	(3,234)	(6,129)	(6,029)	(13,401)
Balance, end of year	121,688	124,497	121,688	124,497	86,990
Mortgage loans serviced for others	$ 6,940,571		$ 6,940,571		$ 6,355,927
MSR asset as a percentage of serviced mortgage loans	1.75%		1.75%		1.37%
Mortgage servicing assets adjustment, fair value		$ 9,200		$ 18,900
Key Assumptions
Weighted average constant prepayment rate (as a percent)			8.42%		10.02%
Weighted average discount rate (as a percent)			12.15%		14.32%
Weighted average life (in years)			7 years 10 months 24 days		7 years 1 month 6 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Mortgage Servicing Rights
Constant prepayment rate: Impact of 10% adverse change	$ (4,046)		$ (4,046)		$ (2,603)
Constant prepayment rate: Impact of 20% adverse change	(7,852)		(7,852)		(5,315)
Discount rate: Impact of 10% adverse change	(5,612)		(5,612)		(4,070)
Discount rate: Impact of 20% adverse change	(10,716)		(10,716)		$ (7,753)
Contractually specified servicing fees, late fees and ancillary fees	$ 8,900	$ 16,200	$ 17,500	$ 32,300

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits
Noninterest-bearing demand	$ 4,601,643	$ 4,577,183
Interest-bearing:
Demand accounts	3,081,043	3,270,522
Brokered - demand	50,552	114,393
Money market	2,888,175	3,433,341
Brokered - money market	54,449	98,614
Savings	328,619	345,795
Time	900,828	962,752
Brokered - time	15,477	15,477
Total deposits	11,920,786	$ 12,818,077
Time deposits that meet or exceed FDIC insurance limit	$ 405,300

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Short-term borrowings
Short-term borrowings	$ 822,649		$ 822,649		$ 859,444
Hilltop Broker-Dealers
Short-term borrowings
Short-term borrowings	0		0
Federal funds purchased
Short-term borrowings
Short-term borrowings	352,950		352,950		171,925
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	180,645		180,645		191,547
Federal Home Loan Bank
Short-term borrowings
Short-term borrowings	0	$ 0	$ 0	$ 0
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
Commercial paper
Short-term borrowings
Short-term borrowings	$ 289,054		$ 289,054		$ 353,972
Number of commercial paper programs initiated | item			2
Weighted average maturity term			160 days
Weighted average interest rate on short-term bank loan borrowings (as a percent)	1.80%		1.80%
Weighted average remaining life			70 days
Debt instrument, collateral	$ 315,300		$ 315,300
Commercial paper | Minimum
Short-term borrowings
Maturity term of debt			14 days
Commercial paper | Maximum
Short-term borrowings
Maturity term of debt			270 days
Series 2019-1 CP Notes
Short-term borrowings
Maximum borrowing capacity	300,000		$ 300,000
Series 2019-2 CP Notes
Short-term borrowings
Maximum borrowing capacity	$ 200,000		200,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the period			$ 477,533	$ 339,545
Average interest rate during the period			0.67%	0.36%
Average interest rate at end of period (as a percent)	1.48%		1.48%		0.31%
Securities underlying the agreements at end of period: Carrying value	$ 180,569		$ 180,569		$ 191,483
Securities underlying the agreements at end of period: Estimated fair value	$ 193,545		$ 193,545		$ 205,734
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	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument
Notes payable	$ 389,722	$ 387,904
Senior Notes due April 2025
Debt Instrument
Notes payable	149,206	149,114
Unamortized discount	794	886
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,342	49,296
Unamortized discount	658	704
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	147,870	147,780
Unamortized discount	2,130	2,220
Ventures Management lines of credit
Debt Instrument
Notes payable	$ 43,304	$ 41,714

Lease - Supplemental balance sh

Lease - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(5,653)	(5,358)
Premises and equipment, net	$ 2,127	$ 2,422

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Components of operating lease costs
Operating lease cost	$ 9,352	$ 9,746	$ 18,958	$ 19,403
Less operating lease and sublease income	(561)	(342)	(1,130)	(681)
Net operating lease cost	8,791	9,404	17,828	18,722
Amortization of ROU assets	147	147	295	295
Interest on lease liabilities	121	132	245	266
Total finance lease cost	$ 268	$ 279	$ 540	$ 561

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases
Operating cash flows from operating leases	$ 18,713	$ 19,162
Operating cash flows from finance leases	247	266
Financing cash flows from finance leases	372	336
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 8,266	$ 28,935

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Jun. 30, 2022	Dec. 31, 2021
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 8 months 12 days	5 years 10 months 24 days
Finance - Weighted Average Remaining Lease Term (Years)	4 years 3 months 18 days	4 years 9 months 18 days
Operating - Weighted Average Discount Rate	3.84%	3.89%
Finance - Weighted Average Discount Rate	4.87%	4.84%

Lease - Lease maturities (Detai

Lease - Lease maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Operating leases maturities
2022	$ 9,838
2023	32,725
2024	24,373
2025	17,811
2026	14,400
Thereafter	39,980
Total minimum lease payments	139,127
Less amount representing interest	(14,721)
Lease liabilities	124,406	$ 130,960
Finance Leases maturities:
2022	622
2023	1,280
2024	1,163
2025	886
2026	813
Thereafter	598
Total minimum lease payments	5,362
Less amount representing interest	(1,566)
Lease liabilities	$ 3,796
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	Jun. 30, 2022 USD ($)
Leases
Additional operating leases that have not yet commenced	$ 0.1
Expected to commence	3 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Taxes
Effective income tax rate (as a percent)	25.60%	23.50%	23.20%	23.40%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 08, 2022	Dec. 31, 2021
Representation and Warranty Claims [Member]
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	$ 30,271	$ 30,137	$ 31,407	$ 30,085
Claims made	18,216	8,575	28,058	13,687
Claims resolved with no payment	(3,454)	(1,956)	(7,974)	(4,870)
Repurchases	(16,318)	(3,446)	(22,776)	(5,257)
Indemnification payments		(547)		(882)
Balance, end of period	28,715	32,763	28,715	32,763
Reserve for Indemnification Liability:
Total	28,715	32,763	28,715	32,763		$ 31,407
Indemnification Agreement [Member]
Commitments and Contingencies
Provision for indemnification losses	800	2,500	1,200	5,500
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	27,250	24,261	27,424	21,531
Additions for new sales	762	2,858	1,515	5,865
Repurchases	(4,211)	(274)	(4,775)	(398)
Early payment defaults	(51)	(25)	(122)	(36)
Indemnification payments		(122)		(264)
Change in reserves for loans sold in prior years		(326)	(292)	(326)
Balance, end of period	23,750	26,372	23,750	26,372
Reserve for Indemnification Liability:
Specific claims	829		829			345
Incurred but not reported claims	22,921		22,921			27,079
Total	$ 23,750	$ 26,372	$ 23,750	$ 26,372		$ 27,424
WR Investments LP
Commitments and Contingencies
Loss of subordinated bonds					$ 13,000

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Jun. 30, 2022 USD ($)
Commitments to Extend Credit [Member]
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,500
Standby Letters of Credit [Member]
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 103.6

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
2020 Plan | Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	10,748	8,285

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs shares in Thousands	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Number of shares outstanding
Balance at the beginning of the period ( in shares) | shares	1,869
Granted (in shares) | shares	537
Vested/Released (in shares) | shares	(599)
Forfeited (in shares) | shares	(117)
Balance at the end of the period ( in shares) | shares	1,690
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares	$ 23.16
Grant date fair value (in dollars per share) | $ / shares	33.41
Vested/Released (in dollars per share) | $ / shares	19.19
Forfeited (in dollars per share) | $ / shares	23.83
Balance at the end of the period (in dollars per share) | $ / shares	$ 27.78

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	129,919
Number of shares awarded (in shares)	537,000
Number of awards subject to time-based vesting (in shares)	1,281,740
Number of awards vesting upon achievement of performance goals (in shares)	408,458
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense | $	$ 26.1
Weighted average period for unrecognized compensation expense (in years)	1 year 5 months 12 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	463,727
Number of awards subject to time-based vesting (in shares)	321,504
Number of awards vesting upon achievement of performance goals (in shares)	135,558
Performance period	3 years
Vesting period	3 years

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory matters
Regulatory capital effects from CECL transitionary period	5 years
Plains Capital Bank
Tier 1 capital (to average assets)
Actual Amount	$ 1,406,640	$ 1,469,695
Actual Ratio	0.0967	0.1020
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.040
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.050
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,406,640	$ 1,469,695
Actual Ratio	0.1465	0.1600
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.065
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,406,640	$ 1,469,695
Actual Ratio	0.1465	0.1600
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.080
Total capital (to risk-weighted assets)
Actual Amount	$ 1,492,639	$ 1,540,100
Actual Ratio	0.1555	0.1677
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.100
Hilltop
Tier 1 capital (to average assets)
Actual Amount	$ 1,853,729	$ 2,262,356
Actual Ratio	0.1053	0.1258
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.040
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,853,729	$ 2,262,356
Actual Ratio	0.1724	0.2122
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,853,729	$ 2,262,356
Actual Ratio	0.1724	0.2122
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,139,683	$ 2,532,008
Actual Ratio	0.1990	0.2375
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 120,816	$ 221,740	$ 207,284
Hilltop Securities
Net Capital
Net capital	234,260
Less required net capital	10,505
Excess net capital	$ 223,755
Net capital as a percentage of aggregate debit items	44.60%
Net capital in excess of 5% aggregate debt items	$ 207,997
Momentum Independent Network
Net Capital
Net capital	4,035
Less required net capital	250
Excess net capital	3,785
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 120,800	$ 221,700

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		6 Months Ended
	Jul. 21, 2022	May 27, 2022	May 02, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jan. 31, 2022
Stock repurchase program
Cash dividends declared per common share	$ 0.15			$ 0.15	$ 0.12	$ 0.30	$ 0.24
Cash dividends paid						$ 23,800	$ 19,800
Repurchase common stock authorized amount								$ 100,000
Payments to repurchase shares						$ 442,336	$ 49,471
Tender Offer Agreement
Stock repurchase program
Aggregate cash purchase price			$ 400,000
Percentage of outstanding shares		2%
Repurchase of common stock (in shares)		14,868,469
Average price (per share)		$ 29.75
Payments to repurchase shares		$ 442,300
Shares available for repurchase				0		0

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Not Designated as Hedging Instrument | Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	$ (35,303)	$ 4,033	$ (13,251)	$ (225)
Not Designated as Hedging Instrument | Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	10,906	6,923	9,579	(15,272)
Not Designated as Hedging Instrument | Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	17	$ 8	46	$ 19
Not Designated as Hedging Instrument | PrimeLending and Hilltop Broker-Dealers | Other Assets
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	10,500		10,500		$ 4,200
Interest Rate Lock Commitments | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,404,328		1,404,328		1,283,152
Estimated Fair Value	15,061		15,061		25,489
Commitments to Purchase MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	736,656		736,656		1,575,264
Estimated Fair Value	2,201		2,201		(674)
Commitments to Sell MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,972,796		2,972,796		3,314,173
Estimated Fair Value	(4,938)		(4,938)		(355)
Commitments to Sell MBSs | Not Designated as Hedging Instrument | Prime Lending | Other Assets
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	500		500		100
Commitments to Sell MBSs | Not Designated as Hedging Instrument | Prime Lending | Other Liabilities
Derivative financial instruments
Cash collateral advanced to offset net derivative assets	9,300		9,300
Interest rate swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	46,849		46,849		68,413
Estimated Fair Value	836		836		(1,949)
Interest rate swaps | Designated as hedges
Derivative financial instruments
Available for sale securities and loans held for investment	306,100		306,100		218,000
Interest rate swaps | Cash Flow Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	360,000		360,000		190,000
Estimated Fair Value	13,195		13,195		603
Interest rate swaps | Fair Value Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	336,034		336,034		221,232
Estimated Fair Value	29,900		29,900		3,207
Cumulative adjustment in available for sale securities and loans held for investment	29,900		29,900		3,200
U.S. Treasury bond futures and options | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	257,900		257,900		247,800
Eurodollar and other futures | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,807,000		2,807,000		2,061,800
Credit default swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,000		2,000		7,000
Estimated Fair Value	$ 2		$ 2		$ (15)

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 139,929	$ 118,262
Total
Gross Amounts of Recognized Assets	1,156,669	1,639,589
Gross Amounts Offset in the Balance Sheet		(1,773)
Net Amounts of Assets Presented in the Balance Sheet	1,156,669	1,637,816
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,097,025)	(1,564,596)
Net Amount	59,644	73,220
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,013,025	1,518,372
Net Amounts of Assets Presented in the Balance Sheet	1,013,025	1,518,372
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(955,303)	(1,445,590)
Net Amount	57,722	72,782
Interest rate swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	836
Net Amounts of Assets Presented in the Balance Sheet	836
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(820)
Net Amounts of Assets Presented in the Balance Sheet	16
Credit default swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	2
Net Amounts of Assets Presented in the Balance Sheet	2
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(2)
Net Amounts of Assets Presented in the Balance Sheet	0
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	139,929	118,262
Net Amounts of Assets Presented in the Balance Sheet	139,929	118,262
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(138,023)	(118,262)
Net Amount	1,906	0
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	2,877	2,955
Gross Amounts Offset in the Balance Sheet		(1,773)
Net Amounts of Assets Presented in the Balance Sheet	2,877	1,182
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(2,877)	(744)
Net Amounts of Assets Presented in the Balance Sheet	$ 0	$ 438

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Total
Gross Amounts of Recognized Liabilities	$ 1,043,212	$ 1,627,854
Gross Amounts Offset in the Balance Sheet	(5,836)
Net Amounts of Liabilities Presented in the Balance Sheet	1,037,376	1,627,854
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(994,459)	(1,569,729)
Net Amount	42,917	58,125
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	851,192	1,432,196
Net Amounts of Liabilities Presented in the Balance Sheets	851,192	1,432,196
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(797,948)	(1,359,850)
Net Amount	53,244	72,346
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities		1,949
Net Amounts of Liabilities Presented in the Balance Sheet		1,949
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments		(1,919)
Net Amount		30
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	180,569	191,483
Net Amounts of Liabilities Presented in the Balance Sheet	180,569	191,483
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(193,282)	(205,734)
Net Amount	(12,713)	(14,251)
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	11,451	2,211
Gross Amounts Offset in the Balance Sheet	(5,836)
Net Amounts of Liabilities Presented in the Balance Sheet	5,615	2,211
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(3,229)	(2,211)
Net Amount	$ 2,386
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	6 Months Ended
	Jun. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Number of repurchase-to-maturity transactions outstanding | item	0	0
Total borrowings	$ 1,031,761	$ 1,623,679
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,031,761	1,623,679
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	$ 937,170	1,525,847
Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	53,290
Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	35,680	86,357
Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	5,621	11,475
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	180,569	191,483
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	85,978	93,651
Assets-backed securities | Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	53,290
Assets-backed securities | Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	35,680	86,357
Assets-backed securities | Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	5,621	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	851,079	1,432,083
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 851,079	$ 1,432,083

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Receivables:
Securities borrowed	$ 1,013,025	$ 1,518,372
Securities failed to deliver	27,945	5,664
Trades in process of settlement		144,773
Other	8,860	4,137
Total receivables	1,049,830	1,672,946
Payables:
Securities loaned	851,192	1,432,196
Correspondents	22,691	20,571
Securities failed to receive	40,775	18,808
Trades in process of settlement	14,008
Other	6,152	5,725
Total Payables	$ 934,818	$ 1,477,300

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item segment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
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)	$ 112,056	$ 107,916	$ 212,047	$ 213,598
Provision for (reversal of) credit losses	5,336	(28,720)	5,451	(33,829)
Noninterest income	239,273	339,899	455,701	757,484
Noninterest expense	298,543	343,368	584,893	710,030
Income before income taxes	47,450	133,167	77,404	294,881
Goodwill	267,447		267,447		$ 267,447
Total assets	16,715,739		16,715,739		18,689,080
Operating Segments | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	101,259	105,468	193,329	209,352
Provision for (reversal of) credit losses	5,025	(28,775)	4,975	(33,950)
Noninterest income	12,467	10,242	25,237	21,566
Noninterest expense	57,331	57,514	115,761	113,302
Income before income taxes	51,370	86,971	97,830	151,566
Goodwill	247,368		247,368		247,368
Total assets	13,826,898		13,826,898		14,944,249
Operating Segments | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	12,578	10,682	24,096	21,196
Provision for (reversal of) credit losses	311	55	476	121
Noninterest income	87,651	83,463	148,341	182,086
Noninterest expense	90,817	87,234	171,464	178,638
Income before income taxes	9,101	6,856	497	24,523
Goodwill	7,008		7,008		7,008
Total assets	2,659,850		2,659,850		3,673,346
Operating Segments | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(1,291)	(5,953)	(3,127)	(13,051)
Noninterest income	140,082	241,965	283,276	552,409
Noninterest expense	133,169	186,963	268,027	397,297
Income before income taxes	5,622	49,049	12,122	142,061
Goodwill	13,071		13,071		13,071
Total assets	1,820,074		1,820,074		2,207,822
Operating Segments | Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(3,190)	(4,687)	(6,580)	(9,379)
Noninterest income	2,080	6,877	3,846	7,383
Noninterest expense	17,561	12,072	30,354	21,660
Income before income taxes	(18,671)	(9,882)	(33,088)	(23,656)
Total assets	2,444,889		2,444,889		2,940,670
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	2,700	2,406	4,329	5,480
Noninterest income	(3,007)	(2,648)	(4,999)	(5,960)
Noninterest expense	(335)	(415)	(713)	(867)
Income before income taxes	28	$ 173	43	$ 387
Total assets	$ (4,035,972)		$ (4,035,972)		$ (5,077,007)

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic earnings per share:
Income attributable to Hilltop	$ 33,260	$ 99,060	$ 55,510	$ 219,404
Weighted average shares outstanding - basic	73,693	81,663	76,389	81,914
Basic earnings per common share (in dollars per share)	$ 0.45	$ 1.21	$ 0.73	$ 2.68
Diluted earnings per share:
Income attributable to Hilltop	$ 33,260	$ 99,060	$ 55,510	$ 219,404
Weighted average shares outstanding - basic	73,693	81,663	76,389	81,914
Effect of potentially dilutive securities (in shares)	145	536	180	493
Weighted average shares outstanding - diluted	73,838	82,199	76,569	82,407
Diluted earnings per common share (in dollars per share)	$ 0.45	$ 1.21	$ 0.73	$ 2.66