Hilltop (HTH) 10-Q 24 Oct 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 21, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		64,591,491
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 1,777,584	$ 2,823,138
Federal funds sold	663	385
Assets segregated for regulatory purposes	109,358	221,740
Securities purchased under agreements to resell	145,365	118,262
Securities:
Trading, at fair value	641,864	647,998
Available for sale, at fair value, net (amortized cost of $1,753,205 and $2,148,635, respectively)	1,584,724	2,130,568
Held to maturity, at amortized cost, net (fair value of $792,559 and $276,296, respectively)	889,452	267,684
Equity, at fair value	209	250
Total securities	3,116,249	3,046,500
Loans held for sale	1,003,605	1,878,190
Loans	7,944,246	7,879,904
Allowance for credit losses	(91,783)	(91,352)
Loans held for investment, net	7,852,463	7,788,552
Broker-dealer and clearing organization receivables	1,255,052	1,672,946
Premises and equipment, net	191,423	204,438
Operating lease right-of-use assets	103,099	112,328
Mortgage servicing rights	156,539	86,990
Other assets	624,235	452,880
Goodwill	267,447	267,447
Other intangible assets, net	12,209	15,284
Total assets	16,615,291	18,689,080
Deposits:
Noninterest-bearing	4,546,816	4,577,183
Interest-bearing	6,805,198	8,240,894
Total deposits	11,352,014	12,818,077
Broker-dealer and clearing organization payables	1,176,156	1,477,300
Short-term borrowings	942,309	859,444
Securities sold, not yet purchased, at fair value	99,515	96,586
Notes payable	390,354	387,904
Operating lease liabilities	120,635	130,960
Other liabilities	475,425	369,606
Total liabilities	14,556,408	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; 64,591,491 and 78,964,978 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	646	790
Additional paid-in capital	1,043,605	1,274,446
Accumulated other comprehensive income (loss)	(119,864)	(10,219)
Retained earnings	1,107,586	1,257,014
Deferred compensation employee stock trust, net	479	752
Employee stock trust (22,606 and 5,749 shares, at cost, at September 30, 2022 and December 31, 2021, respectively)	(641)	(115)
Total Hilltop stockholders' equity	2,031,811	2,522,668
Noncontrolling interests	27,072	26,535
Total stockholders' equity	2,058,883	2,549,203
Total liabilities and stockholders' equity	$ 16,615,291	$ 18,689,080

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,753,205	$ 2,148,635
Held to maturity, fair value	$ 792,559	$ 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	64,591,491	78,964,978
Common stock, shares outstanding	64,591,491	78,964,978
Employee stock trust, shares	22,606	5,749

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans, including fees	$ 109,165	$ 99,769	$ 298,301	$ 308,208
Securities borrowed	10,938	8,585	30,252	53,143
Securities:
Taxable	19,642	12,341	52,512	33,717
Tax-exempt	2,451	2,687	7,011	7,127
Other	14,276	1,796	23,066	4,723
Total interest income	156,472	125,178	411,142	406,918
Interest expense:
Deposits	12,525	5,303	22,174	19,220
Securities loaned	9,407	6,519	25,390	44,350
Short-term borrowings	5,550	2,400	10,615	6,786
Notes payable	3,907	5,465	12,154	15,515
Junior subordinated debentures		419		1,558
Other	1,597	(18)	5,276	801
Total interest expense	32,986	20,088	75,609	88,230
Net interest income	123,486	105,090	335,533	318,688
Provision for (reversal of) credit losses	(780)	(5,819)	4,671	(39,648)
Net interest income after provision for (reversal of) credit losses	124,266	110,909	330,862	358,336
Noninterest income:
Net gains from sale of loans and other mortgage production income	57,998	203,152	266,435	669,857
Mortgage loan origination fees	39,960	38,780	114,400	124,081
Securities commissions and fees	34,076	34,412	105,979	111,026
Investment and securities advisory fees and commissions	35,031	49,646	96,738	109,609
Other	39,910	41,955	79,124	110,856
Total noninterest income	206,975	367,945	662,676	1,125,429
Noninterest expense:
Employees' compensation and benefits	200,450	258,679	605,796	777,518
Occupancy and equipment, net	25,041	25,428	74,038	74,861
Professional services	10,631	14,542	36,939	44,366
Other	52,616	56,525	156,858	168,459
Total noninterest expense	288,738	355,174	873,631	1,065,204
Income before income taxes	42,503	123,680	119,907	418,561
Income tax expense	9,249	28,257	27,191	97,261
Net income	33,254	95,423	92,716	321,300
Less: Net income attributable to noncontrolling interest	1,186	2,517	5,138	8,990
Income attributable to Hilltop	$ 32,068	$ 92,906	$ 87,578	$ 312,310
Earnings per common share:
Basic (in dollars per share)	$ 0.50	$ 1.16	$ 1.21	$ 3.84
Diluted (in dollars per share)	$ 0.50	$ 1.15	$ 1.21	$ 3.82
Weighted average share information:
Basic (in shares)	64,552	80,109	72,400	81,306
Diluted (in shares)	64,669	80,542	72,557	81,763

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 33,254	$ 95,423	$ 92,716	$ 321,300
Other comprehensive income (loss):
Change in fair value of cash flow and fair value hedges, net of tax of $2,188, $88, $5,099 and $522, respectively	21,749	1,417	58,158	5,061
Net unrealized gains (losses) on securities available for sale, net of tax of $(14,506), $0, $(34,747) and $(6,619), respectively	(48,361)	(8,143)	(115,679)	(22,385)
Reclassification adjustment for gains (losses) included in net income, net of tax of $0, $0, $3 and $(21), respectively			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 $609, $0, $1,369 and $0, respectively	2,027		4,556
Comprehensive income (loss)	8,669	88,697	(16,929)	303,904
Less: comprehensive income attributable to noncontrolling interest	1,186	2,517	5,138	8,990
Comprehensive income (loss) applicable to Hilltop	$ 7,483	$ 86,180	$ (22,067)	$ 294,914

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Cash flow hedge, tax	$ 2,188	$ 88	$ 5,099	$ 522
Net unrealized gains (losses) on securities available for sale, tax	(14,506)	0	(34,747)	(6,619)
Reclassification adjustment, tax	0	0	3	(21)
Adjustment for unrealized losses on securities	0	0	(17,033)	0
Amortization of unrealized losses on securities	$ 609	$ 0	$ 1,369	$ 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	312,310				312,310			8,990	321,300
Other comprehensive loss	(17,396)			(17,396)					(17,396)
Stock-based compensation expense	12,889		12,889						12,889
Common stock issued to board members	449		449						449
Common stock issued to board members (in shares)		13
Issuance of common stock related to share-based awards, net	(2,691)	$ 3	(2,694)						(2,691)
Issuance of common stock related to share-based awards, net (in shares)		394
Repurchases of common stock	(123,631)	$ (35)	(58,301)		(65,295)				(123,631)
Repurchases of common stock (in shares)		(3,633)
Dividends on common stock	(29,500)				(29,500)				(29,500)
Deferred compensation plan	2					(20)	$ 22		2
Deferred compensation plan (in shares)							(1)
Net cash distributed to noncontrolling interest								(9,727)	(9,727)
Balance at Sep. 30, 2021	2,476,371	$ 790	1,270,272	367	1,204,307	751	$ (116)	25,971	2,502,342
Balance (in shares) at Sep. 30, 2021		78,959					6
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
Increase (Decrease) in Stockholders' Equity
Net income	92,906				92,906			2,517	95,423
Other comprehensive loss	(6,726)			(6,726)					(6,726)
Stock-based compensation expense	4,103		4,103						4,103
Common stock issued to board members	152		152						152
Common stock issued to board members (in shares)		5
Issuance of common stock related to share-based awards, net	(441)		(441)						(441)
Issuance of common stock related to share-based awards, net (in shares)		43
Repurchases of common stock	(74,160)	$ (22)	(35,981)		(38,157)				(74,160)
Repurchases of common stock (in shares)		(2,242)
Dividends on common stock	(9,746)				(9,746)				(9,746)
Deferred compensation plan	2					(3)	$ 5		2
Net cash distributed to noncontrolling interest								(2,641)	(2,641)
Balance at Sep. 30, 2021	2,476,371	$ 790	1,270,272	367	1,204,307	751	$ (116)	25,971	2,502,342
Balance (in shares) at Sep. 30, 2021		78,959					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	87,578				87,578			5,138	92,716
Other comprehensive loss	(109,645)			(109,645)					(109,645)
Stock-based compensation expense	11,553		11,553						11,553
Common stock issued to board members	451		451						451
Common stock issued to board members (in shares)		17
Issuance of common stock related to share-based awards, net	(4,202)	$ 4	(4,206)						(4,202)
Issuance of common stock related to share-based awards, net (in shares)		478
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	(33,457)				(33,457)				(33,457)
Deferred compensation plan	(799)					(273)	$ (526)		(799)
Deferred compensation plan (in shares)							17
Net cash distributed to noncontrolling interest								(4,601)	(4,601)
Balance at Sep. 30, 2022	2,031,811	$ 646	1,043,605	(119,864)	1,107,586	479	$ (641)	27,072	2,058,883
Balance (in shares) at Sep. 30, 2022		64,591					23
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
Increase (Decrease) in Stockholders' Equity
Net income	32,068				32,068			1,186	33,254
Other comprehensive loss	(24,585)			(24,585)					(24,585)
Stock-based compensation expense	4,334		4,334						4,334
Common stock issued to board members	146		146						146
Common stock issued to board members (in shares)		6
Issuance of common stock related to share-based awards, net	(136)		(136)						(136)
Issuance of common stock related to share-based awards, net (in shares)		9
Dividends on common stock	(9,690)				(9,690)				(9,690)
Deferred compensation plan	97					(216)	$ 313		97
Deferred compensation plan (in shares)							(11)
Net cash distributed to noncontrolling interest								(1,940)	(1,940)
Balance at Sep. 30, 2022	$ 2,031,811	$ 646	$ 1,043,605	$ (119,864)	$ 1,107,586	$ 479	$ (641)	$ 27,072	$ 2,058,883
Balance (in shares) at Sep. 30, 2022		64,591					23

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares		3 Months Ended		9 Months Ended
	Oct. 20, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.15	$ 0.15	$ 0.12	$ 0.45	$ 0.36

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net income	$ 92,716	$ 321,300
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (reversal of) credit losses	4,671	(39,648)
Depreciation, amortization and accretion, net	20,207	18,393
Deferred income taxes	2,258	(382)
Other, net	11,814	14,049
Net change in securities purchased under agreements to resell	(27,103)	(75,589)
Net change in trading securities	6,134	84,442
Net change in broker-dealer and clearing organization receivables	748,584	(223,819)
Net change in other assets	(52,021)	(50,625)
Net change in broker-dealer and clearing organization payables	(470,426)	152,755
Net change in other liabilities	66,479	(105,402)
Net change in securities sold, not yet purchased	2,929	33,275
Proceeds from sale of mortgage servicing rights asset	1,876	116,000
Change in valuation of mortgage servicing rights asset	(23,575)	(12,821)
Net gains from sales of loans	(266,435)	(669,857)
Loans originated for sale	(11,706,056)	(21,563,008)
Proceeds from loans sold	12,823,759	22,874,493
Net cash provided by operating activities	1,235,811	873,556
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	78,144	34,082
Proceeds from sales, maturities and principal reductions of securities available for sale	259,774	507,365
Purchases of securities held to maturity	(11,432)
Purchases of securities available for sale	(625,522)	(1,075,154)
Purchases of equity securities	(30)
Net change in loans held for investment	(391,040)	360,518
Purchases of premises and equipment and other assets	(7,335)	(22,079)
Proceeds from sales of premises and equipment and other real estate owned	1,808	4,252
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	(175)	(82)
Net cash used in investing activities	(695,808)	(191,098)
Financing Activities
Net change in deposits	(1,296,781)	865,638
Net change in short-term borrowings	82,178	51,203
Proceeds from notes payable	638,498	739,372
Payments on notes payable and junior subordinated debentures	(636,394)	(792,893)
Payments to repurchase common stock	(442,336)	(123,631)
Dividends paid on common stock	(33,457)	(29,500)
Net cash distributed to noncontrolling interest	(4,601)	(9,727)
Other, net	(4,768)	(3,200)
Net cash provided by (used in) financing activities	(1,697,661)	697,262
Net change in cash, cash equivalents and restricted cash	(1,157,658)	1,379,720
Cash, cash equivalents and restricted cash, beginning of period	3,045,263	1,353,303
Cash, cash equivalents and restricted cash, end of period	1,887,605	2,733,023
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	69,681	85,069
Cash paid for income taxes, net of refunds	14,956	83,129
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	326	2,924
Additions to mortgage servicing rights	47,850	$ 70,368
Carrying amount of AFS securities transferred to HTM, net of $67,798 unrealized loss	$ 689,477

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,777,584	$ 2,823,138	$ 2,463,111
Federal funds sold	663	385	406
Assets segregated for regulatory purposes	109,358	221,740	269,506
Total cash, cash equivalents and restricted cash	1,887,605	$ 3,045,263	$ 2,733,023	$ 1,353,303
Carrying amount of AFS securities transferred to HTM, net	$ 67,798

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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. ​ 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. As permitted within the amendment, the Company elected to early adopt the provisions as of July 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 September 2022, the FASB issued ASU 2022-04 to require entities that use supplier finance programs in connection with the purchase of goods and services to disclose the key terms of such programs and information about obligations outstanding at the end of the reporting period, including a rollforward of those obligations and a description of where in the financial statements outstanding amounts are present. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The amendments are effective in periods beginning after December 15, 2022, except that the amendments to disclose a rollforward of obligations outstanding will be effective beginning after December 15, 2023. Early adoption is 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	9 Months Ended
	Sep. 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 September 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 $863.4 million and $1.78 billion, respectively, and the unpaid principal balance of those loans was $882.6 million 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 September 30, 2022 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 5,259 ​ $ 636,605 ​ $ — ​ $ 641,864 ​ Available for sale securities ​ ​ — ​ ​ 1,584,724 ​ ​ — ​ ​ 1,584,724 ​ Equity securities ​ ​ 209 ​ ​ — ​ ​ — ​ ​ 209 ​ Loans held for sale ​ ​ — ​ ​ 826,013 ​ ​ 37,414 ​ ​ 863,427 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 8,912 ​ ​ 8,912 ​ Derivative assets ​ ​ — ​ ​ 141,536 ​ ​ — ​ ​ 141,536 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 156,539 ​ ​ 156,539 ​ Securities sold, not yet purchased ​ ​ 65,370 ​ ​ 34,145 ​ ​ — ​ ​ 99,515 ​ Derivative liabilities ​ ​ — ​ ​ 45,032 ​ ​ — ​ ​ 45,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 41,732 ​ $ 18,012 ​ $ (19,594) ​ $ (251) ​ $ (2,485) ​ $ — ​ $ 37,414 Loans held for investment ​ ​ 9,027 ​ ​ — ​ ​ — ​ ​ — ​ ​ (115) ​ ​ — ​ ​ 8,912 MSR asset ​ 121,688 ​ ​ 29,340 ​ ​ — ​ ​ — ​ ​ 5,511 ​ ​ — ​ 156,539 Total ​ $ 172,447 ​ $ 47,352 ​ $ (19,594) ​ $ (251) ​ $ 2,911 ​ $ — ​ $ 202,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 38,454 ​ $ (44,342) ​ $ 5,587 ​ $ (10,001) ​ $ — ​ $ 37,414 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ (137) ​ ​ — ​ ​ 8,912 MSR asset ​ ​ 86,990 ​ ​ 47,850 ​ ​ (1,876) ​ ​ — ​ ​ 23,575 ​ ​ — ​ ​ 156,539 Total ​ $ 134,706 ​ $ 95,915 ​ $ (46,780) ​ $ 5,587 ​ $ 13,437 ​ $ — ​ $ 202,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,433 ​ $ 18,817 ​ $ (22,207) ​ $ (2,291) ​ $ 6,767 ​ $ — ​ $ 72,519 MSR asset ​ ​ 124,497 ​ ​ 20,252 ​ ​ (31,366) ​ ​ — ​ ​ (2,452) ​ ​ — ​ ​ 110,931 Total ​ $ 195,930 ​ $ 39,069 ​ $ (53,573) ​ $ (2,291) ​ $ 4,315 ​ $ — ​ $ 183,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 50,273 ​ $ (51,718) ​ $ (4,099) ​ $ 6,247 ​ $ — ​ $ 72,519 MSR asset ​ ​ 143,742 ​ ​ 70,368 ​ ​ (116,000) ​ ​ — ​ ​ 12,821 ​ ​ — ​ ​ 110,931 Total ​ $ 215,558 ​ $ 120,641 ​ $ (167,718) ​ $ (4,099) ​ $ 19,068 ​ $ — ​ $ 183,450 ​ All net realized and unrealized gains (losses) in the tables above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at September 30, 2022. ​ For material Level 3 financial instruments measured at fair value on a recurring basis at September 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 September 30, 2022 ​ December 31, 2021 Loans held for sale ​ Market comparable ​ Projected price ​ 90 - 92 % ( 91 %) ​ 94 - 95 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 12.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.06 % ​ ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 12.09 % ​ ​ ​ ​ ​ 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 September 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 September 30, 2022 ​ Three Months Ended September 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 ​ $ (37,526) ​ $ — ​ $ (37,526) ​ $ (32,694) ​ $ — ​ $ (32,694) Loans held for investment ​ ​ (377) ​ ​ — ​ ​ (377) ​ ​ — ​ ​ — ​ ​ — MSR asset ​ 5,511 ​ — ​ 5,511 ​ (2,452) ​ — ​ (2,452) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ Nine Months Ended September 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 ​ $ (73,520) ​ $ — ​ $ (73,520) ​ $ (55,211) ​ $ — ​ $ (55,211) Loans held for investment ​ (660) ​ — ​ (660) ​ — ​ — ​ — MSR asset ​ 23,575 ​ — ​ 23,575 ​ 12,821 ​ — ​ 12,821 ​ 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 ​ ​ September 30, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,778,247 ​ $ 1,778,247 ​ $ — ​ $ — ​ $ 1,778,247 Assets segregated for regulatory purposes ​ ​ 109,358 ​ ​ 109,358 ​ ​ — ​ ​ — ​ ​ 109,358 Securities purchased under agreements to resell ​ ​ 145,365 ​ ​ — ​ ​ 145,365 ​ ​ — ​ ​ 145,365 Held to maturity securities ​ ​ 889,452 ​ ​ — ​ ​ 792,559 ​ ​ — ​ ​ 792,559 Loans held for sale ​ ​ 140,178 ​ ​ — ​ ​ 85,137 ​ ​ 57,188 ​ ​ 142,325 Loans held for investment, net ​ ​ 7,843,551 ​ ​ — ​ ​ 402,502 ​ ​ 7,281,532 ​ ​ 7,684,034 Broker-dealer and clearing organization receivables ​ 1,255,052 ​ — ​ 1,255,052 ​ — ​ 1,255,052 Other assets ​ 71,365 ​ — ​ 69,699 ​ 1,666 ​ 71,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,352,014 ​ — ​ 11,333,099 ​ — ​ 11,333,099 Broker-dealer and clearing organization payables ​ 1,176,156 ​ — ​ 1,176,156 ​ — ​ 1,176,156 Short-term borrowings ​ 942,309 ​ — ​ 942,309 ​ — ​ 942,309 Debt ​ 390,354 ​ — ​ 389,632 ​ — ​ 389,632 Other liabilities ​ 9,198 ​ — ​ 9,198 ​ — ​ 9,198 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $59.2 million and $54.0 million at September 30, 2022 and December 31, 2021, respectively, which are included within other assets in the consolidated balance sheets. Of the $59.2 million of such equity investments held at September 30, 2022, $27.4 million do not have readily determinable fair values and each is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period $ 28,183 $ 26,988 ​ $ 16,817 $ 22,844 Additional investments ​ — ​ ​ — ​ ​ 11,000 ​ ​ — Upward adjustments ​ 234 ​ ​ 122 ​ ​ 679 ​ ​ 6,006 Impairments and downward adjustments ​ (1,013) ​ ​ (253) ​ ​ (1,092) ​ ​ (1,017) Dispositions — ​ (10,390) ​ — ​ (11,366) Balance, end of period $ 27,404 ​ $ 16,467 ​ $ 27,404 ​ $ 16,467 ​

Securities

Securities	9 Months Ended
	Sep. 30, 2022
Securities
Securities	4. Securities ​ The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 U.S. Treasury securities $ 309 $ 3,728 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ ​ 14,255 ​ ​ 3,410 Residential mortgage-backed securities ​ 152,513 ​ 152,093 Collateralized mortgage obligations ​ ​ 171,241 ​ ​ 126,389 Corporate debt securities ​ ​ 63,626 ​ ​ 60,671 States and political subdivisions ​ ​ 200,945 ​ ​ 285,376 Private-label securitized product ​ ​ 13,690 ​ ​ 11,377 Other ​ ​ 25,285 ​ ​ 4,954 Totals ​ $ 641,864 ​ $ 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 $99.5 million and $96.6 million at September 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 ​ ​ ​ September 30, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 24,958 ​ $ — ​ $ (696) ​ $ 24,262 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 115,633 ​ ​ 315 ​ ​ (814) ​ ​ 115,134 Residential mortgage-backed securities ​ 474,451 ​ 20 ​ (55,751) ​ 418,720 Commercial mortgage-backed securities ​ ​ 199,537 ​ — ​ (34,699) ​ 164,838 Collateralized mortgage obligations ​ 898,449 ​ — ​ (72,099) ​ 826,350 States and political subdivisions ​ 40,177 ​ 71 ​ (4,828) ​ 35,420 Totals ​ $ 1,753,205 ​ $ 406 ​ $ (168,887) ​ $ 1,584,724 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ September 30, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 308,102 ​ $ — ​ $ (34,442) ​ $ 273,660 Commercial mortgage-backed securities ​ ​ 181,259 ​ — ​ (15,197) ​ 166,062 Collateralized mortgage obligations ​ 323,526 ​ — ​ (36,664) ​ 286,862 States and political subdivisions ​ 76,565 ​ 1 ​ (10,591) ​ 65,975 Totals ​ $ 889,452 ​ $ 1 ​ $ (96,894) ​ $ 792,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2022 and December 31, 2021, respectively, from equity securities with fair values of $0.2 million and $0.2 gains of $0.1 million, respectively, were recognized due to changes in the fair value of equity securities still held at the balance sheet date. During the three and nine months ended September 30, 2022 and 2021, net losses and gains recognized from equity securities sold were nominal. ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 2 ​ $ 19,845 ​ $ 136 2 ​ $ 14,862 ​ $ 75 Unrealized loss for twelve months or longer 1 ​ 4,417 ​ 560 — ​ — ​ — ​ 3 ​ 24,262 ​ 696 2 ​ 14,862 ​ 75 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 8 ​ ​ 51,594 ​ ​ 247 2 ​ ​ 9,904 ​ ​ 94 Unrealized loss for twelve months or longer 3 ​ 15,493 ​ 567 1 ​ 6,184 ​ 59 ​ 11 ​ ​ 67,087 ​ ​ 814 3 ​ 16,088 ​ 153 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 98 ​ 204,950 ​ 17,715 52 ​ 548,392 ​ 6,915 Unrealized loss for twelve months or longer 26 ​ 211,828 ​ 38,036 17 ​ 104,378 ​ 2,702 ​ 124 ​ ​ 416,778 ​ ​ 55,751 69 ​ 652,770 ​ 9,617 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 12 ​ 90,402 ​ 12,637 5 ​ 65,636 ​ 1,776 Unrealized loss for twelve months or longer 7 ​ 74,435 ​ 22,062 14 ​ 138,619 ​ 7,352 ​ 19 ​ ​ 164,837 ​ ​ 34,699 19 ​ 204,255 ​ 9,128 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 112 ​ 669,347 ​ 45,405 72 ​ 618,464 ​ 11,316 Unrealized loss for twelve months or longer 28 ​ 141,868 ​ 26,694 10 ​ 62,647 ​ 1,148 ​ 140 ​ ​ 811,215 ​ ​ 72,099 82 ​ 681,111 ​ 12,464 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 51 ​ 23,421 ​ 3,119 14 ​ 5,576 ​ 200 Unrealized loss for twelve months or longer 13 ​ 3,819 ​ 1,709 — ​ — ​ — ​ 64 ​ ​ 27,240 ​ ​ 4,828 14 ​ 5,576 ​ 200 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 283 ​ 1,059,559 ​ 79,259 147 ​ 1,262,834 ​ 20,376 Unrealized loss for twelve months or longer 78 ​ 451,860 ​ 89,628 42 ​ 311,828 ​ 11,261 ​ 361 ​ $ 1,511,419 ​ $ 168,887 189 ​ $ 1,574,662 ​ $ 31,637 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 16 ​ $ 78,772 ​ $ 9,167 — ​ $ — ​ $ — Unrealized loss for twelve months or longer 29 ​ 194,888 ​ 25,275 — ​ — ​ — ​ 45 ​ 273,660 ​ 34,442 — ​ — ​ — Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 30 ​ 163,245 ​ 14,736 — ​ — ​ — Unrealized loss for twelve months or longer 1 ​ 2,817 ​ 461 — ​ — ​ — ​ 31 ​ 166,062 ​ 15,197 — ​ — ​ — Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 28 ​ 92,710 ​ 9,004 — ​ — ​ — Unrealized loss for twelve months or longer 28 ​ 194,152 ​ 27,660 — ​ — ​ — ​ 56 ​ 286,862 ​ 36,664 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 173 ​ ​ 62,949 ​ ​ 10,360 2 ​ ​ 558 ​ ​ 1 Unrealized loss for twelve months or longer 3 ​ 595 ​ 231 1 ​ 266 ​ 2 ​ 176 ​ 63,544 ​ 10,591 3 ​ 824 ​ 3 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 247 ​ 397,676 ​ 43,267 2 ​ 558 ​ 1 Unrealized loss for twelve months or longer 61 ​ 392,452 ​ 53,627 1 ​ 266 ​ 2 ​ 308 ​ $ 790,128 ​ $ 96,894 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 September 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 ​ $ 35,135 ​ $ 34,938 ​ $ 856 ​ $ 849 Due after one year through five years ​ 23,053 ​ 21,705 ​ 801 ​ 750 Due after five years through ten years ​ 50,701 ​ 50,043 ​ 23,232 ​ 20,884 Due after ten years ​ 71,879 ​ 68,130 ​ 51,676 ​ 43,492 ​ ​ 180,768 ​ 174,816 ​ 76,565 ​ 65,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 474,451 ​ 418,720 ​ 308,102 ​ 273,660 Commercial mortgage-backed securities ​ 199,537 ​ 164,838 ​ 181,259 ​ 166,062 Collateralized mortgage obligations ​ 898,449 ​ 826,350 ​ 323,526 ​ 286,862 ​ ​ $ 1,753,205 ​ $ 1,584,724 ​ $ 889,452 ​ $ 792,559 ​ The Company recognized net losses of $3.2 million and net gains of $2.0 million from its trading portfolio during the three months ended September 30, 2022 and 2021, respectively, and net losses of $7.9 million and net gains of $21.8 million during the nine months ended September 30, 2022 and 2021, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $16.6 million and $17.0 million during the three months ended September 30, 2022 and 2021, respectively, and net gains from structured product trading activities of $25.6 million and $52.1 million during the nine months ended September 30, 2022 and 2021, respectively. The Company had nominal other realized gains on securities during the three months ended September 30, 2022 and 2021. Other realized gains on securities during the nine months ended September 30, 2022 were nominal, compared with other realized losses on securities of $0.1 million during the nine months ended September 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 $617.1 million and $809.9 million (with a fair value of $556.2 million and $817.7 million, respectively) at September 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 September 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	9 Months Ended
	Sep. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Commercial real estate ​ $ 3,313,911 ​ $ 3,042,729 Commercial and industrial (1) ​ 1,668,209 ​ ​ 1,875,420 Construction and land development ​ 934,915 ​ ​ 892,783 1-4 family residential ​ ​ 1,595,270 ​ ​ 1,303,430 Consumer ​ ​ 29,439 ​ ​ 32,349 Broker-dealer (2) ​ ​ 402,502 ​ ​ 733,193 ​ ​ 7,944,246 ​ 7,879,904 Allowance for credit losses ​ (91,783) ​ ​ (91,352) Total loans held for investment, net of allowance ​ $ 7,852,463 ​ $ 7,788,552 (1) Included loans totaling $1.1 million and $77.7 million at September 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Allowance Allowance Total Allowance Allowance Total 2022 2021 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,171 ​ $ 95 ​ $ 1,266 ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 265 ​ $ 76 ​ $ 422 ​ $ 204 Owner occupied ​ 3,469 ​ ​ — ​ ​ 3,469 ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ ​ 88 ​ ​ 345 ​ ​ 505 ​ ​ 574 Commercial and industrial ​ ​ 10,745 ​ ​ 1,333 ​ ​ 12,078 ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 303 ​ ​ 179 ​ ​ 930 ​ ​ 653 Construction and land development ​ 1 ​ ​ — ​ ​ 1 ​ 2 ​ ​ — ​ ​ 2 ​ ​ 7 ​ ​ 13 ​ ​ 22 ​ ​ 48 1-4 family residential ​ 724 ​ ​ 12,124 ​ ​ 12,848 ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ ​ 561 ​ ​ 796 ​ ​ 2,286 ​ ​ 2,837 Consumer ​ 16 ​ ​ — ​ ​ 16 ​ 23 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ (120) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 16,126 ​ $ 13,552 ​ $ 29,678 ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 1,224 ​ $ 1,410 ​ $ 4,165 ​ $ 4,196 ​ At September 30, 2022 and December 31, 2021, $4.1 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 September 30, 2022, by $17.6 million. The change in nonaccrual loans was primarily due to decreases in commercial and industrial loans of $10.4 million, 1-4 family residential loans of $5.4 million, and commercial real estate non-owner occupied loans of $1.0 million. The decrease in commercial and industrial loans in non-accrual status since December 31, 2021 was primarily due to principal paydowns, settlements and charge-offs associated with three relationships, partially offset by the addition of one relationship with a loan balance of $2.7 million to non-accrual status. ​ 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, allowed 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 no TDRs granted during the three months ended September 30, 2022 and 2021. There were three TDRs granted during the nine months ended September 30, 2022 with an aggregate balance at date of extension of $3.6 million and an aggregate balance at September 30, 2022 of $2.9 million. There was one TDR granted during the nine months ended September 30, 2021 with a balance at date of extension and at September 30, 2021 of $0.7 million. The Bank had no unadvanced commitments to borrowers whose loans had been restructured in TDRs at September 30, 2022 and nominal unadvanced commitments to such borrowers at December 31, 2021. There were no TDRs granted during the twelve months preceding September 30, 2022, while there were $0.1 million TDRs granted during the twelve months preceding September 30, 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 September 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 ​ $ — ​ $ — ​ $ 234 ​ $ 234 ​ $ 1,953,997 ​ $ 1,954,231 ​ $ — Owner occupied ​ 329 ​ ​ — ​ ​ — ​ ​ 329 ​ ​ 1,359,351 ​ ​ 1,359,680 ​ ​ — Commercial and industrial ​ ​ 3,597 ​ ​ 8 ​ ​ 8,329 ​ ​ 11,934 ​ ​ 1,656,275 ​ ​ 1,668,209 ​ ​ — Construction and land development ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 934,914 ​ ​ 934,915 ​ ​ — 1-4 family residential ​ 3,687 ​ ​ 1,431 ​ ​ 5,046 ​ ​ 10,164 ​ ​ 1,585,106 ​ ​ 1,595,270 ​ ​ 102 Consumer ​ 147 ​ ​ 7 ​ ​ 16 ​ ​ 170 ​ ​ 29,269 ​ ​ 29,439 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 402,502 ​ ​ 402,502 ​ ​ — ​ ​ $ 7,761 ​ $ 1,446 ​ $ 13,625 ​ $ 22,832 ​ $ 7,921,414 ​ $ 7,944,246 ​ $ 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 $96.4 million and $60.7 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $96.9 million and $61.7 million, respectively) that were 90 days past due and accruing interest at September 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 September 30, 2022, PrimeLending had $49.0 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 ​ ​ ​ ​ ​ ​ September 30, 2022 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 47,140 ​ $ 76,592 ​ $ 20,521 ​ $ 8,044 ​ $ 4,779 ​ $ 8,142 ​ $ 1 ​ $ 165,219 Internal Grade 4-7 (Pass normal risk) ​ ​ 341,269 ​ ​ 339,862 ​ ​ 121,299 ​ ​ 80,514 ​ ​ 46,457 ​ ​ 56,121 ​ ​ 47,443 ​ ​ 1,032,965 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 82,184 ​ ​ 138,346 ​ ​ 182,165 ​ ​ 82,786 ​ ​ 67,328 ​ ​ 83,882 ​ ​ 11,821 ​ ​ 648,512 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 78,037 ​ ​ 14,543 ​ ​ 1,637 ​ ​ 8,133 ​ ​ — ​ ​ 3,546 ​ ​ 373 ​ ​ 106,269 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ 399 ​ ​ — ​ ​ — ​ ​ — ​ ​ 867 ​ ​ — ​ ​ 1,266 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 21,049 ​ $ 113,747 ​ $ 65,252 ​ $ 22,938 ​ $ 12,294 ​ $ 64,781 ​ $ 5,977 ​ $ 306,038 Internal Grade 4-7 (Pass normal risk) ​ ​ 162,232 ​ ​ 189,775 ​ ​ 87,189 ​ ​ 81,957 ​ ​ 88,019 ​ ​ 61,081 ​ ​ 15,966 ​ ​ 686,219 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 56,849 ​ ​ 66,290 ​ ​ 87,346 ​ ​ 29,326 ​ ​ 64,755 ​ ​ 27,447 ​ ​ 3,200 ​ ​ 335,213 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 4,143 ​ ​ 430 ​ ​ 6,042 ​ ​ 2,847 ​ ​ 3,425 ​ ​ 11,854 ​ ​ — ​ ​ 28,741 Internal Grade 14 (Substandard non-accrual) ​ ​ 14 ​ ​ 868 ​ ​ — ​ ​ (4) ​ ​ 330 ​ ​ 2,261 ​ ​ — ​ ​ 3,469 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 29,353 ​ $ 27,282 ​ $ 26,549 ​ $ 6,945 ​ $ 1,994 ​ $ 2,313 ​ $ 50,244 ​ $ 144,680 Internal Grade 4-7 (Pass normal risk) ​ ​ 135,610 ​ ​ 142,831 ​ ​ 51,782 ​ ​ 29,790 ​ ​ 10,412 ​ ​ 16,103 ​ ​ 349,402 ​ ​ 735,930 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 88,284 ​ ​ 67,652 ​ ​ 53,440 ​ ​ 18,638 ​ ​ 3,141 ​ ​ 7,918 ​ ​ 274,261 ​ ​ 513,334 Internal Grade 12 (Special mention) ​ ​ 86 ​ ​ — ​ ​ — ​ ​ 453 ​ ​ — ​ ​ — ​ ​ 2,654 ​ ​ 3,193 Internal Grade 13 (Substandard accrual) ​ ​ 671 ​ ​ 2,972 ​ ​ 7,150 ​ ​ 3,839 ​ ​ 3,917 ​ ​ 3,160 ​ ​ 4,248 ​ ​ 25,957 Internal Grade 14 (Substandard non-accrual) ​ ​ 308 ​ ​ 85 ​ ​ 7,882 ​ ​ — ​ ​ 3,500 ​ ​ 303 ​ ​ — ​ ​ 12,078 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 12,673 ​ $ 15,535 ​ $ 1,341 ​ $ 889 ​ $ 1,047 ​ $ 2,984 ​ $ 1 ​ $ 34,470 Internal Grade 4-7 (Pass normal risk) ​ ​ 272,658 ​ ​ 210,391 ​ ​ 63,325 ​ ​ 13,191 ​ ​ 3,252 ​ ​ 1,947 ​ ​ 48,263 ​ ​ 613,027 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 148,054 ​ ​ 74,383 ​ ​ 16,404 ​ ​ 325 ​ ​ — ​ ​ 1,479 ​ ​ 15,352 ​ ​ 255,997 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 1,019 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,262 ​ ​ — ​ ​ 6,281 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 781 ​ ​ 223 ​ ​ — ​ ​ — ​ ​ 981 ​ ​ — ​ ​ — ​ ​ 1,985 FICO greater than 720 ​ ​ 14,969 ​ ​ 3,933 ​ ​ 54 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 18,956 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 4,198 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,198 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,184 ​ $ 733 ​ $ 779 ​ $ 541 ​ $ 3,538 ​ $ 21,699 ​ $ 266 ​ $ 28,740 FICO between 620 and 720 ​ ​ 6,077 ​ ​ 13,805 ​ ​ 8,530 ​ ​ 5,265 ​ ​ 6,013 ​ ​ 26,482 ​ ​ 3,705 ​ ​ 69,877 FICO greater than 720 ​ ​ 334,135 ​ ​ 806,223 ​ ​ 109,048 ​ ​ 46,361 ​ ​ 29,057 ​ ​ 48,786 ​ ​ 3,171 ​ ​ 1,376,781 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 260 ​ ​ 12,589 ​ ​ — ​ ​ 12,848 Other (1) ​ ​ 78,521 ​ ​ 18,571 ​ ​ 1,616 ​ ​ 2,403 ​ ​ 577 ​ ​ 4,082 ​ ​ 1,254 ​ ​ 107,024 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,349 ​ $ 332 ​ $ 123 ​ $ 48 ​ $ 7 ​ $ 15 ​ $ 351 ​ $ 2,225 FICO between 620 and 720 ​ ​ 3,226 ​ ​ 1,736 ​ ​ 575 ​ ​ 453 ​ ​ 35 ​ ​ 378 ​ ​ 1,923 ​ ​ 8,326 FICO greater than 720 ​ ​ 5,843 ​ ​ 1,705 ​ ​ 1,283 ​ ​ 413 ​ ​ 85 ​ ​ 1 ​ ​ 3,201 ​ ​ 12,531 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16 ​ ​ — ​ ​ 16 Other (1) ​ ​ 4,296 ​ ​ 1,326 ​ ​ 464 ​ ​ 89 ​ ​ 5 ​ ​ 18 ​ ​ 143 ​ ​ 6,341 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,936,212 ​ $ 2,330,570 ​ $ 921,795 ​ $ 446,184 ​ $ 355,208 ​ $ 475,518 ​ $ 843,220 ​ $ 7,308,707 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 223,028 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,097 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,912 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 402,502 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,944,246 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 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 September 30, 2022. In addition, as of September 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 September 30, 2022. While the Company believes it has an appropriate allowance for the existing loan portfolio at September 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 September 30, 2022, the Company utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in September 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 3.9% 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 nine months ended September 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 $11.0 million and $45.2 million, respectively. Such reversals were primarily due to improvements in both macroeconomic forecast assumptions and credit quality metrics on COVID-19 impacted industry sector exposures. The net impact to the allowance from changes associated with individually evaluated loans during the three and nine months ended September 30, 2021 included a provision for credit losses of $5.2 million and $5.6 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 both the three and nine months ended September 30, 2021 were also impacted by net recoveries of $0.1 million. ​ During the three months ended September 30, 2022, the reversal of credit losses reflected modest improvements in the U.S. economic outlook compared to assumptions in the prior quarter outlook, and in specific reserves and credit metrics since the prior quarter, while the increase in provision for credit losses during the nine months ended September 30, 2022 was driven by a deteriorating U.S. economic outlook since December 31, 2021. The net impact to the allowance of changes associated with individually evaluated loans during the three and nine months ended September 30, 2022 included reversals of credit losses of $0.2 million and $1.2 million, respectively, while collectively evaluated loans included a reversal of credit losses of $0.5 million, compared to a provision for credit losses of $5.9 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 nine months ended September 30, 2022 were also impacted by net charge-offs of $2.7 million and $4.2 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 September 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 63,719 ​ $ (560) ​ $ — ​ $ 41 ​ $ 63,200 Commercial and industrial ​ 19,836 ​ ​ (1,002) ​ ​ (3,096) ​ ​ 370 ​ 16,108 Construction and land development ​ 4,996 ​ ​ (228) ​ ​ — ​ ​ — ​ 4,768 1-4 family residential ​ 5,554 ​ ​ 1,049 ​ ​ (14) ​ ​ 23 ​ 6,612 Consumer ​ ​ 542 ​ ​ 91 ​ ​ (149) ​ ​ 90 ​ ​ 574 Broker-dealer ​ ​ 651 ​ ​ (130) ​ ​ — ​ ​ — ​ ​ 521 Total ​ $ 95,298 ​ $ (780) ​ $ (3,259) ​ $ 524 ​ $ 91,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Nine Months Ended September 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 59,354 ​ $ 3,762 ​ $ — ​ $ 84 ​ $ 63,200 Commercial and industrial ​ 21,982 ​ ​ (1,681) ​ ​ (6,197) ​ ​ 2,004 ​ 16,108 Construction and land development ​ 4,674 ​ ​ 94 ​ ​ — ​ ​ — ​ 4,768 1-4 family residential ​ 4,589 ​ ​ 2,014 ​ ​ (62) ​ ​ 71 ​ 6,612 Consumer ​ ​ 578 ​ ​ 136 ​ ​ (361) ​ ​ 221 ​ ​ 574 Broker-dealer ​ ​ 175 ​ ​ 346 ​ ​ — ​ ​ — ​ ​ 521 Total ​ $ 91,352 ​ $ 4,671 ​ $ (6,620) ​ $ 2,380 ​ $ 91,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended September 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 77,633 ​ $ (8,993) ​ $ (124) ​ $ 19 ​ $ 68,535 Commercial and industrial ​ 27,866 ​ ​ 2,398 ​ ​ (317) ​ ​ 598 ​ 30,545 Construction and land development ​ 5,185 ​ ​ (85) ​ ​ — ​ ​ — ​ 5,100 1-4 family residential ​ 3,659 ​ ​ 946 ​ ​ (87) ​ ​ 20 ​ 4,538 Consumer ​ ​ 592 ​ ​ (41) ​ ​ (73) ​ ​ 26 ​ ​ 504 Broker-dealer ​ ​ 334 ​ ​ (44) ​ ​ — ​ ​ — ​ ​ 290 Total ​ $ 115,269 ​ $ (5,819) ​ $ (601) ​ $ 663 ​ $ 109,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Nine Months Ended September 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 109,629 ​ $ (41,037) ​ $ (310) ​ $ 253 ​ $ 68,535 Commercial and industrial ​ 27,703 ​ ​ 2,848 ​ ​ (1,738) ​ ​ 1,732 ​ 30,545 Construction and land development ​ 6,677 ​ ​ (1,577) ​ ​ — ​ ​ — ​ 5,100 1-4 family residential ​ 3,946 ​ ​ 358 ​ ​ (248) ​ ​ 482 ​ 4,538 Consumer ​ ​ 876 ​ ​ (317) ​ ​ (226) ​ ​ 171 ​ ​ 504 Broker-dealer ​ ​ 213 ​ ​ 77 ​ ​ — ​ ​ — ​ ​ 290 Total ​ $ 149,044 ​ $ (39,648) ​ $ (2,522) ​ $ 2,638 ​ $ 109,512 ​ 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 6,931 ​ $ 7,981 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ ​ 87 ​ ​ (1,183) ​ ​ 1,138 ​ ​ (1,590) Balance, end of period ​ $ 7,018 ​ $ 6,798 ​ $ 7,018 ​ $ 6,798 ​ During the three and nine months ended September 30, 2021, the decreases in the reserve for unfunded commitments were primarily due to improvements in loan expected loss rates. During the three months ended September 30, 2022, the increase in the reserve for unfunded commitments was primarily due to an increase in available commitment balances, while the increase in the reserve for unfunded commitments during the nine months ended September 30, 2022 was due to increases in both loan expected loss rates and available commitment balances.

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ​ ​ 2022 ​ 2021 2022 ​ 2021 ​ Balance, beginning of period $ 121,688 ​ $ 124,497 ​ $ 86,990 ​ $ 143,742 ​ Additions 29,340 ​ 20,252 ​ 47,850 ​ 70,368 ​ Sales — ​ (31,366) ​ (1,876) ​ (116,000) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 7,942 ​ 3,525 ​ 32,035 ​ 32,199 ​ Due to customer payoffs (2,431) ​ (5,977) ​ (8,460) ​ (19,378) ​ Balance, end of period $ 156,539 ​ $ 110,931 ​ $ 156,539 ​ $ 110,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 8,277,325 ​ $ 6,355,927 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.89 % 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 nine months ended September 30, 2021 are MSR asset fair value adjustments totaling $3.3 million and $22.2 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 ​ Weighted average constant prepayment rate 8.06 % ​ 10.02 % Weighted average discount rate 12.09 % ​ 14.32 % Weighted average life (in years) 8.4 ​ ​ 7.1 ​ ​ A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,027) ​ $ (2,603) Impact of 20% adverse change ​ (5,869) ​ (5,315) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (4,439) ​ (4,070) Impact of 20% adverse change ​ (8,466) ​ (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 $9.9 million and $15.6 million during the three months ended September 30, 2022 and 2021, respectively, and $27.3 million and $47.9 million during the nine months ended September 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	9 Months Ended
	Sep. 30, 2022
Deposits
Deposits	8. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Noninterest-bearing demand ​ $ 4,546,816 ​ $ 4,577,183 Interest-bearing: ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,456,342 ​ 3,270,522 Brokered - demand ​ 5,631 ​ 114,393 Money market ​ 2,149,812 ​ 3,433,341 Brokered - money market ​ 8,717 ​ 98,614 Savings ​ 316,788 ​ 345,795 Time ​ 852,431 ​ 962,752 Brokered - time ​ 15,477 ​ 15,477 ​ ​ $ 11,352,014 ​ $ 12,818,077 ​ ​ ​ ​ At September 30, 2022, remaining maturities of uninsured time deposits greater than $250,000 were $358.2 million.

Short-term Borrowings

Short-term Borrowings	9 Months Ended
	Sep. 30, 2022
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Federal funds purchased ​ $ 439,200 ​ $ 171,925 Securities sold under agreements to repurchase ​ 302,299 ​ 191,547 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ 7,000 ​ ​ 142,000 Commercial paper ​ 193,810 ​ 353,972 ​ ​ $ 942,309 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ 2022 ​ 2021 Average balance during the period ​ $ 530,180 ​ $ 328,853 ​ Average interest rate during the period ​ 1.36 % ​ 0.37 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 2021 ​ Average interest rate at end of period ​ 2.91 % ​ 0.31 % Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 343,655 ​ $ 191,483 ​ Estimated fair value ​ $ 362,237 ​ $ 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 nine months ended September 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 weighted average interest rate on borrowings at September 30, 2022 was 4.25%. ​ Commercial Paper ​ Hilltop Securities uses the net proceeds (after deducting related issuance expenses) from the sale of two commercial paper programs for general corporate purposes, including working capital and the funding of a portion of its securities inventories. The commercial paper notes (“CP Notes”) may be issued with maturities of 14 days to 270 days from the date of issuance. The CP Notes are issued under two separate programs, Series 2019-1 CP Notes and Series 2019-2 CP Notes, in maximum aggregate amounts of $300 million and $200 million, respectively. The CP Notes are not redeemable prior to maturity or subject to voluntary prepayment and do not bear interest, but are sold at a discount to par. The CP Notes are secured by a pledge of collateral owned by Hilltop Securities. As of September 30, 2022, the weighted average maturity of the CP Notes was 145 days at a rate of 3.16%, with a weighted average remaining life of 59 days. At September 30, 2022, the aggregate amount outstanding under these secured arrangements was $193.8 million, which was collateralized by securities held for firm accounts valued at $213.1 million.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2022
Notes Payable
Notes Payable	10. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Senior Notes due April 2025, net of discount of $746 and $886, respectively ​ $ 149,253 ​ $ 149,114 Subordinated Notes due May 2030, net of discount of $634 and $704, respectively ​ ​ 49,366 ​ ​ 49,296 Subordinated Notes due May 2035, net of discount of $2,084 and $2,220, respectively ​ ​ 147,916 ​ ​ 147,780 Ventures Management lines of credit ​ 43,819 ​ 41,714 ​ ​ $ 390,354 ​ $ 387,904 ​

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases
Leases	11. Leases ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,800) ​ ​ (5,358) Premises and equipment, net ​ $ 1,980 ​ $ 2,422 ​ The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 9,121 ​ $ 9,727 ​ $ 28,078 ​ $ 29,130 Less operating lease and sublease income ​ ​ (633) ​ ​ (343) ​ ​ (1,762) ​ ​ (1,024) Net operating lease cost ​ $ 8,488 ​ $ 9,384 ​ $ 26,316 ​ $ 28,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 442 ​ $ 442 Interest on lease liabilities ​ ​ 118 ​ ​ 129 ​ ​ 363 ​ ​ 396 Total finance lease cost ​ $ 265 ​ $ 276 ​ $ 805 ​ $ 838 ​ Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 27,387 ​ $ 28,160 Operating cash flows from finance leases ​ ​ 366 ​ ​ 396 Financing cash flows from finance leases ​ ​ 563 ​ ​ 509 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Operating leases ​ $ 12,336 ​ $ 37,086 Finance leases ​ ​ — ​ ​ — ​ ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 ​ 5.6 ​ 3.85 % ​ 5.9 ​ 3.89 % Finance ​ 4.1 ​ 4.88 % ​ 4.8 ​ 4.84 % ​ Future minimum lease payments under lease agreements as of September 30, 2022, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 1,462 ​ $ 312 2023 ​ 33,554 ​ ​ 1,280 2024 ​ 25,309 ​ ​ 1,163 2025 ​ 18,642 ​ ​ 886 2026 ​ 15,050 ​ ​ 813 Thereafter ​ 40,636 ​ ​ 598 Total minimum lease payments ​ 134,653 ​ ​ 5,052 Less amount representing interest ​ (14,018) ​ ​ (1,448) Lease liabilities $ 120,635 ​ $ 3,604 ​ As of September 30, 2022, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.1 million. These operating leases commenced in October 2022 with lease terms of five years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 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 21.8% and 22.8% for the three months ended September 30, 2022 and 2021, respectively, and 22.7% and 23.2% for the nine months ended September 30, 2022 and 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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. The United States Attorney has issued grand jury subpoenas to PrimeLending and PlainsCapital Bank for additional materials regarding this matter. PrimeLending has, and PrimeLending and PlainsCapital Bank will, cooperate with requests for information with respect to this matter. ​ 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 September 30, 2022 and December 31, 2021, the mortgage origination segment’s indemnification liability reserve totaled $22.1 million and $27.4 million, respectively. The provision for indemnification losses was $0.1 million and $2.5 million during the three months ended September 30, 2022 and 2021, respectively, and $1.3 million and $8.0 million during the nine months ended September 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 28,715 ​ $ 32,763 ​ $ 31,407 ​ $ 30,085 ​ Claims made ​ 14,247 ​ 5,412 ​ 42,305 ​ 19,100 ​ Claims resolved with no payment ​ (4,378) ​ (4,217) ​ (12,352) ​ (9,088) ​ Repurchases ​ (11,320) ​ (3,981) ​ (34,096) ​ (9,238) ​ Indemnification payments ​ — ​ (267) ​ — ​ (1,149) ​ Balance, end of period ​ $ 27,264 ​ $ 29,710 ​ $ 27,264 ​ $ 29,710 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2022 2021 2022 2021 Balance, beginning of period ​ $ 23,750 ​ $ 26,372 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales ​ 608 ​ 2,702 ​ 2,123 ​ 8,568 ​ Repurchases ​ (1,591) ​ (2,687) ​ (6,367) ​ (3,086) ​ Early payment defaults ​ (90) ​ (116) ​ (212) ​ (152) ​ Indemnification payments ​ — ​ (78) ​ — ​ (342) ​ Change in reserves for loans sold in prior years ​ (553) ​ (220) ​ (844) ​ (546) ​ Balance, end of period ​ $ 22,124 ​ $ 25,973 ​ $ 22,124 ​ $ 25,973 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 394 ​ $ 345 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 21,730 ​ 27,079 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 22,124 ​ $ 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	9 Months Ended
	Sep. 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 September 30, 2022 and outstanding financial and performance standby letters of credit of $100.3 million at September 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2022 and 2021, Hilltop granted 16,501 and 12,957 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 nine months ended September 30, 2022 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 548 ​ $ 33.25 ​ Vested/Released ​ (614) ​ $ 19.30 ​ Forfeited ​ (136) ​ $ 24.50 Balance, September 30, 2022 ​ 1,667 ​ $ 27.79 ​ Vested/Released RSUs include an aggregate of 135,249 shares withheld to satisfy employee statutory tax obligations during the nine months ended September 30, 2022. ​ During the nine months ended September 30, 2022, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 474,985 RSUs pursuant to the 2020 Equity Plan. Of the RSUs granted during the nine months ended September 30, 2022, 327,377 that were outstanding at September 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 nine months ended September 30, 2022, 135,558 that were outstanding at September 30, 2022 ​ At September 30, 2022, in the aggregate, 1,259,181 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 September 30, 2022

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 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 September 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 ​ ​ September 30, 2022 ​ December 31, 2021 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,404,288 10.29 % $ 1,469,695 10.20 % 4.0 % 5.0 % Hilltop ​ 1,881,289 11.41 % 2,262,356 12.58 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,404,288 14.68 % ​ 1,469,695 16.00 % 7.0 % 6.5 % Hilltop ​ ​ 1,881,289 17.45 % ​ 2,262,356 21.22 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,404,288 14.68 % 1,469,695 16.00 % 8.5 % 8.0 % Hilltop ​ 1,881,289 17.45 % 2,262,356 21.22 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,486,989 15.54 % 1,540,100 16.77 % 10.5 % 10.0 % Hilltop ​ 2,163,815 20.07 % 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 September 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 ​ $ 198,954 ​ $ 3,842 ​ Less: required net capital ​ ​ 9,313 ​ ​ 250 ​ Excess net capital ​ $ 189,641 ​ $ 3,592 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 42.7 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 175,672 ​ ​ ​ ​ ​ 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 September 30, 2022 and December 31, 2021, the Hilltop Broker-Dealers held cash of $109.4 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 September 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 September 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	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity ​ Dividends ​ During the nine months ended September 30, 2022 and 2021, the Company declared and paid cash dividends of $0.45 and $0.36 per common share, or an aggregate of $33.5 million and $29.5 million, respectively. ​ On October 20, 2022, Hilltop’s board of directors declared a quarterly cash dividend of $0.15 per common share, payable on November 25, 2022, to all common stockholders of record as of the close of business on November 11, 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. As a result of share repurchases during 2022, including the tender offer described below, Hilltop has no further available share repurchase capacity associated with its previously authorized stock repurchase program. 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.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ ​ 2022 2021 2022 2021 Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 2,276 ​ $ 780 ​ $ (10,975) ​ $ 555 Hilltop Broker-Dealers ​ ​ 14,240 ​ ​ 11,427 ​ ​ 23,819 ​ ​ (3,845) Bank ​ ​ 7 ​ ​ 7 ​ ​ 53 ​ ​ 26 ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,131,664 ​ $ (16,729) ​ $ 1,283,152 ​ $ 25,489 Commitments to purchase MBSs ​ 1,353,969 ​ (27,946) ​ 1,575,264 ​ (674) Commitments to sell MBSs ​ ​ 3,150,790 ​ 71,201 ​ 3,314,173 ​ (355) Interest rate swaps ​ ​ 36,317 ​ 2,976 ​ 68,413 ​ (1,949) U.S. Treasury bond futures and options (1) ​ ​ 274,000 ​ — ​ 247,800 ​ — Eurodollar and other futures (1) ​ ​ 2,964,000 ​ — ​ 2,061,800 ​ — Credit default swaps ​ ​ 1,000 ​ 5 ​ 7,000 ​ (15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 415,000 ​ $ 22,675 ​ $ 190,000 ​ $ 603 Interest rate swaps designated as fair value hedges (2) ​ ​ 340,323 ​ ​ 44,322 ​ ​ 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 $340.3 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 $296.0 million and $218.0 million as of September 30, 2022 and December 31, 2021, respectively), of which, a subset of these hedges are in portfolio layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $44.3 million and $3.2 million as of September 30, 2022 and December 31, 2021, respectively. ​ PrimeLending held cash collateral advances, in other liabilities within the consolidated balance sheets, of $56.3 million to offset net asset derivative positions on its commitments to sell MBSs at September 30, 2022. PrimeLending had advanced cash collateral totaling $0.1 million and $0.1 million to offset net liability positions on its commitments to sell MBSs at September 30, 2022 and December 31, 2021, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $11.7 million and $4.2 million on various derivative instruments at September 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	9 Months Ended
	Sep. 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,182,934 ​ $ — ​ $ 1,182,934 ​ $ (1,126,566) ​ $ — ​ $ 56,368 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2,976 ​ ​ — ​ ​ 2,976 ​ ​ (2,953) ​ ​ — ​ ​ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ (5) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 145,365 ​ ​ — ​ ​ 145,365 ​ ​ (139,187) ​ ​ — ​ ​ 6,178 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 72,204 ​ (686) ​ 71,518 ​ (39,838) ​ — ​ 31,680 ​ ​ $ 1,403,484 ​ $ (686) ​ $ 1,402,798 ​ $ (1,308,549) ​ $ — ​ $ 94,249 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,072,408 ​ $ — ​ $ 1,072,408 ​ $ (1,017,959) ​ $ — ​ $ 54,449 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 302,030 ​ — ​ 302,030 ​ (319,453) ​ — ​ (17,423) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 28,264 ​ — ​ 28,264 ​ (28,264) ​ — ​ — ​ ​ $ 1,402,702 ​ $ — ​ $ 1,402,702 ​ $ (1,365,676) ​ $ — ​ $ 37,026 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 September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ September 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 182,041 ​ ​ 53,624 ​ ​ 61,715 ​ ​ 4,650 ​ ​ 302,030 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,072,295 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,072,295 Total ​ $ 1,254,449 ​ $ 53,624 ​ $ 61,715 ​ $ 4,650 ​ $ 1,374,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,374,438 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	9 Months Ended
	Sep. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,182,934 ​ $ 1,518,372 Securities failed to deliver ​ 14,625 ​ 5,664 Trades in process of settlement ​ 47,753 ​ 144,773 Other ​ 9,740 ​ 4,137 ​ ​ $ 1,255,052 ​ $ 1,672,946 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,072,408 ​ $ 1,432,196 Correspondents ​ 20,700 ​ 20,571 Securities failed to receive ​ 78,316 ​ 18,808 Other ​ 4,732 ​ 5,725 ​ ​ $ 1,176,156 ​ $ 1,477,300 ​

Segment and Related Information

Segment and Related Information	9 Months Ended
	Sep. 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 September 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Consolidated Net interest income (expense) ​ $ 110,939 ​ $ 13,386 ​ $ (2,939) ​ $ (3,276) ​ $ 5,376 ​ $ 123,486 Provision for (reversal of) credit losses ​ ​ (650) ​ ​ (130) ​ ​ — ​ ​ — ​ ​ — ​ (780) Noninterest income ​ ​ 12,200 ​ ​ 100,798 ​ ​ 98,200 ​ ​ 1,809 ​ ​ (6,032) ​ 206,975 Noninterest expense ​ 60,160 ​ 96,843 ​ 118,345 ​ ​ 14,034 ​ (644) ​ 288,738 Income (loss) before taxes ​ $ 63,629 ​ $ 17,471 ​ $ (23,084) ​ $ (15,501) ​ $ (12) ​ $ 42,503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Hilltop Nine Months Ended September 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 304,269 ​ $ 37,481 ​ $ (6,066) ​ $ (9,856) ​ $ 9,705 ​ $ 335,533 Provision for (reversal of) credit losses ​ ​ 4,325 ​ ​ 346 ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,671 Noninterest income ​ ​ 37,438 ​ ​ 249,139 ​ ​ 381,477 ​ ​ 5,655 ​ ​ (11,033) ​ ​ 662,676 Noninterest expense ​ 175,921 ​ 268,307 ​ 386,372 ​ 44,388 ​ (1,357) ​ 873,631 Income (loss) before taxes ​ $ 161,461 ​ $ 17,967 ​ $ (10,961) ​ $ (48,589) ​ $ 29 ​ $ 119,907 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Hilltop Three Months Ended September 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 99,978 ​ $ 10,427 ​ $ (3,503) ​ $ (4,341) ​ $ 2,529 ​ $ 105,090 Provision for (reversal of) credit losses ​ ​ (5,775) ​ ​ (44) ​ ​ — ​ ​ — ​ ​ — ​ ​ (5,819) Noninterest income ​ ​ 11,727 ​ ​ 116,143 ​ ​ 242,270 ​ ​ 757 ​ ​ (2,952) ​ ​ 367,945 Noninterest expense ​ 54,567 ​ 109,193 ​ 176,587 ​ 15,355 ​ (528) ​ 355,174 Income (loss) before taxes ​ $ 62,913 ​ $ 17,421 ​ $ 62,180 ​ $ (18,939) ​ $ 105 ​ $ 123,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Nine Months Ended September 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 309,330 ​ $ 31,623 ​ $ (16,554) ​ $ (13,720) ​ $ 8,009 ​ $ 318,688 Provision for (reversal of) credit losses ​ (39,725) ​ ​ 77 ​ ​ — ​ ​ — ​ ​ — ​ (39,648) Noninterest income ​ 33,293 ​ ​ 298,229 ​ ​ 794,679 ​ ​ 8,140 ​ ​ (8,912) ​ 1,125,429 Noninterest expense ​ 167,869 ​ 287,831 ​ 573,884 ​ ​ 37,015 ​ ​ (1,395) ​ 1,065,204 Income (loss) before taxes ​ $ 214,479 ​ $ 41,944 ​ $ 204,241 ​ $ (42,595) ​ $ 492 ​ $ 418,561 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,455,679 ​ $ 2,866,990 ​ $ 1,405,712 ​ $ 2,453,933 ​ $ (3,567,023) ​ $ 16,615,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ The Company performs required annual impairment tests of its goodwill as of October 1st. The goodwill impairment tests require the Company to make judgments in determining what assumptions to use in the calculations. The process consists of estimating the fair value of each reporting unit based on valuation techniques, including a discounted cash flow model using revenue and profit forecasts and recent industry transaction and trading multiples of peers, and comparing those estimated fair values with the carrying values of the assets and liabilities of the reporting unit, which includes the allocated goodwill. ​ Specifically, the mortgage origination and broker-dealer reporting units have each experienced lower-than-forecasted

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 32,068 ​ $ 92,906 ​ $ 87,578 ​ $ 312,310 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 64,552 ​ 80,109 ​ 72,400 ​ 81,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ $ 0.50 ​ $ 1.16 ​ $ 1.21 ​ $ 3.84 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 32,068 ​ $ 92,906 ​ $ 87,578 ​ $ 312,310 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 64,552 ​ 80,109 ​ 72,400 ​ 81,306 Effect of potentially dilutive securities ​ 117 ​ ​ 433 ​ 157 ​ 457 Weighted average shares outstanding - diluted ​ 64,669 ​ 80,542 ​ 72,557 ​ 81,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.50 ​ $ 1.15 ​ $ 1.21 ​ $ 3.82 ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 September 30, 2022 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 5,259 ​ $ 636,605 ​ $ — ​ $ 641,864 ​ Available for sale securities ​ ​ — ​ ​ 1,584,724 ​ ​ — ​ ​ 1,584,724 ​ Equity securities ​ ​ 209 ​ ​ — ​ ​ — ​ ​ 209 ​ Loans held for sale ​ ​ — ​ ​ 826,013 ​ ​ 37,414 ​ ​ 863,427 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 8,912 ​ ​ 8,912 ​ Derivative assets ​ ​ — ​ ​ 141,536 ​ ​ — ​ ​ 141,536 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 156,539 ​ ​ 156,539 ​ Securities sold, not yet purchased ​ ​ 65,370 ​ ​ 34,145 ​ ​ — ​ ​ 99,515 ​ Derivative liabilities ​ ​ — ​ ​ 45,032 ​ ​ — ​ ​ 45,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 41,732 ​ $ 18,012 ​ $ (19,594) ​ $ (251) ​ $ (2,485) ​ $ — ​ $ 37,414 Loans held for investment ​ ​ 9,027 ​ ​ — ​ ​ — ​ ​ — ​ ​ (115) ​ ​ — ​ ​ 8,912 MSR asset ​ 121,688 ​ ​ 29,340 ​ ​ — ​ ​ — ​ ​ 5,511 ​ ​ — ​ 156,539 Total ​ $ 172,447 ​ $ 47,352 ​ $ (19,594) ​ $ (251) ​ $ 2,911 ​ $ — ​ $ 202,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 38,454 ​ $ (44,342) ​ $ 5,587 ​ $ (10,001) ​ $ — ​ $ 37,414 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ (137) ​ ​ — ​ ​ 8,912 MSR asset ​ ​ 86,990 ​ ​ 47,850 ​ ​ (1,876) ​ ​ — ​ ​ 23,575 ​ ​ — ​ ​ 156,539 Total ​ $ 134,706 ​ $ 95,915 ​ $ (46,780) ​ $ 5,587 ​ $ 13,437 ​ $ — ​ $ 202,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,433 ​ $ 18,817 ​ $ (22,207) ​ $ (2,291) ​ $ 6,767 ​ $ — ​ $ 72,519 MSR asset ​ ​ 124,497 ​ ​ 20,252 ​ ​ (31,366) ​ ​ — ​ ​ (2,452) ​ ​ — ​ ​ 110,931 Total ​ $ 195,930 ​ $ 39,069 ​ $ (53,573) ​ $ (2,291) ​ $ 4,315 ​ $ — ​ $ 183,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 50,273 ​ $ (51,718) ​ $ (4,099) ​ $ 6,247 ​ $ — ​ $ 72,519 MSR asset ​ ​ 143,742 ​ ​ 70,368 ​ ​ (116,000) ​ ​ — ​ ​ 12,821 ​ ​ — ​ ​ 110,931 Total ​ $ 215,558 ​ $ 120,641 ​ $ (167,718) ​ $ (4,099) ​ $ 19,068 ​ $ — ​ $ 183,450 ​
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Valuation Technique Unobservable Inputs September 30, 2022 ​ December 31, 2021 Loans held for sale ​ Market comparable ​ Projected price ​ 90 - 92 % ( 91 %) ​ 94 - 95 % ( 95 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 12.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.06 % ​ ​ ​ ​ ​ 10.02 % ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 12.09 % ​ ​ ​ ​ ​ 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 September 30, 2022 ​ Three Months Ended September 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 ​ $ (37,526) ​ $ — ​ $ (37,526) ​ $ (32,694) ​ $ — ​ $ (32,694) Loans held for investment ​ ​ (377) ​ ​ — ​ ​ (377) ​ ​ — ​ ​ — ​ ​ — MSR asset ​ 5,511 ​ — ​ 5,511 ​ (2,452) ​ — ​ (2,452) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 ​ Nine Months Ended September 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 ​ $ (73,520) ​ $ — ​ $ (73,520) ​ $ (55,211) ​ $ — ​ $ (55,211) Loans held for investment ​ (660) ​ — ​ (660) ​ — ​ — ​ — MSR asset ​ 23,575 ​ — ​ 23,575 ​ 12,821 ​ — ​ 12,821
Schedule of carrying values and estimated fair values of financial instruments	​ The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ September 30, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,778,247 ​ $ 1,778,247 ​ $ — ​ $ — ​ $ 1,778,247 Assets segregated for regulatory purposes ​ ​ 109,358 ​ ​ 109,358 ​ ​ — ​ ​ — ​ ​ 109,358 Securities purchased under agreements to resell ​ ​ 145,365 ​ ​ — ​ ​ 145,365 ​ ​ — ​ ​ 145,365 Held to maturity securities ​ ​ 889,452 ​ ​ — ​ ​ 792,559 ​ ​ — ​ ​ 792,559 Loans held for sale ​ ​ 140,178 ​ ​ — ​ ​ 85,137 ​ ​ 57,188 ​ ​ 142,325 Loans held for investment, net ​ ​ 7,843,551 ​ ​ — ​ ​ 402,502 ​ ​ 7,281,532 ​ ​ 7,684,034 Broker-dealer and clearing organization receivables ​ 1,255,052 ​ — ​ 1,255,052 ​ — ​ 1,255,052 Other assets ​ 71,365 ​ — ​ 69,699 ​ 1,666 ​ 71,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,352,014 ​ — ​ 11,333,099 ​ — ​ 11,333,099 Broker-dealer and clearing organization payables ​ 1,176,156 ​ — ​ 1,176,156 ​ — ​ 1,176,156 Short-term borrowings ​ 942,309 ​ — ​ 942,309 ​ — ​ 942,309 Debt ​ 390,354 ​ — ​ 389,632 ​ — ​ 389,632 Other liabilities ​ 9,198 ​ — ​ 9,198 ​ — ​ 9,198 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period $ 28,183 $ 26,988 ​ $ 16,817 $ 22,844 Additional investments ​ — ​ ​ — ​ ​ 11,000 ​ ​ — Upward adjustments ​ 234 ​ ​ 122 ​ ​ 679 ​ ​ 6,006 Impairments and downward adjustments ​ (1,013) ​ ​ (253) ​ ​ (1,092) ​ ​ (1,017) Dispositions — ​ (10,390) ​ — ​ (11,366) Balance, end of period $ 27,404 ​ $ 16,467 ​ $ 27,404 ​ $ 16,467

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 U.S. Treasury securities $ 309 $ 3,728 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ ​ 14,255 ​ ​ 3,410 Residential mortgage-backed securities ​ 152,513 ​ 152,093 Collateralized mortgage obligations ​ ​ 171,241 ​ ​ 126,389 Corporate debt securities ​ ​ 63,626 ​ ​ 60,671 States and political subdivisions ​ ​ 200,945 ​ ​ 285,376 Private-label securitized product ​ ​ 13,690 ​ ​ 11,377 Other ​ ​ 25,285 ​ ​ 4,954 Totals ​ $ 641,864 ​ $ 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 ​ ​ ​ September 30, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 24,958 ​ $ — ​ $ (696) ​ $ 24,262 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 115,633 ​ ​ 315 ​ ​ (814) ​ ​ 115,134 Residential mortgage-backed securities ​ 474,451 ​ 20 ​ (55,751) ​ 418,720 Commercial mortgage-backed securities ​ ​ 199,537 ​ — ​ (34,699) ​ 164,838 Collateralized mortgage obligations ​ 898,449 ​ — ​ (72,099) ​ 826,350 States and political subdivisions ​ 40,177 ​ 71 ​ (4,828) ​ 35,420 Totals ​ $ 1,753,205 ​ $ 406 ​ $ (168,887) ​ $ 1,584,724 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ September 30, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 308,102 ​ $ — ​ $ (34,442) ​ $ 273,660 Commercial mortgage-backed securities ​ ​ 181,259 ​ — ​ (15,197) ​ 166,062 Collateralized mortgage obligations ​ 323,526 ​ — ​ (36,664) ​ 286,862 States and political subdivisions ​ 76,565 ​ 1 ​ (10,591) ​ 65,975 Totals ​ $ 889,452 ​ $ 1 ​ $ (96,894) ​ $ 792,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 2 ​ $ 19,845 ​ $ 136 2 ​ $ 14,862 ​ $ 75 Unrealized loss for twelve months or longer 1 ​ 4,417 ​ 560 — ​ — ​ — ​ 3 ​ 24,262 ​ 696 2 ​ 14,862 ​ 75 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 8 ​ ​ 51,594 ​ ​ 247 2 ​ ​ 9,904 ​ ​ 94 Unrealized loss for twelve months or longer 3 ​ 15,493 ​ 567 1 ​ 6,184 ​ 59 ​ 11 ​ ​ 67,087 ​ ​ 814 3 ​ 16,088 ​ 153 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 98 ​ 204,950 ​ 17,715 52 ​ 548,392 ​ 6,915 Unrealized loss for twelve months or longer 26 ​ 211,828 ​ 38,036 17 ​ 104,378 ​ 2,702 ​ 124 ​ ​ 416,778 ​ ​ 55,751 69 ​ 652,770 ​ 9,617 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 12 ​ 90,402 ​ 12,637 5 ​ 65,636 ​ 1,776 Unrealized loss for twelve months or longer 7 ​ 74,435 ​ 22,062 14 ​ 138,619 ​ 7,352 ​ 19 ​ ​ 164,837 ​ ​ 34,699 19 ​ 204,255 ​ 9,128 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 112 ​ 669,347 ​ 45,405 72 ​ 618,464 ​ 11,316 Unrealized loss for twelve months or longer 28 ​ 141,868 ​ 26,694 10 ​ 62,647 ​ 1,148 ​ 140 ​ ​ 811,215 ​ ​ 72,099 82 ​ 681,111 ​ 12,464 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 51 ​ 23,421 ​ 3,119 14 ​ 5,576 ​ 200 Unrealized loss for twelve months or longer 13 ​ 3,819 ​ 1,709 — ​ — ​ — ​ 64 ​ ​ 27,240 ​ ​ 4,828 14 ​ 5,576 ​ 200 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 283 ​ 1,059,559 ​ 79,259 147 ​ 1,262,834 ​ 20,376 Unrealized loss for twelve months or longer 78 ​ 451,860 ​ 89,628 42 ​ 311,828 ​ 11,261 ​ 361 ​ $ 1,511,419 ​ $ 168,887 189 ​ $ 1,574,662 ​ $ 31,637
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 16 ​ $ 78,772 ​ $ 9,167 — ​ $ — ​ $ — Unrealized loss for twelve months or longer 29 ​ 194,888 ​ 25,275 — ​ — ​ — ​ 45 ​ 273,660 ​ 34,442 — ​ — ​ — Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 30 ​ 163,245 ​ 14,736 — ​ — ​ — Unrealized loss for twelve months or longer 1 ​ 2,817 ​ 461 — ​ — ​ — ​ 31 ​ 166,062 ​ 15,197 — ​ — ​ — Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 28 ​ 92,710 ​ 9,004 — ​ — ​ — Unrealized loss for twelve months or longer 28 ​ 194,152 ​ 27,660 — ​ — ​ — ​ 56 ​ 286,862 ​ 36,664 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 173 ​ ​ 62,949 ​ ​ 10,360 2 ​ ​ 558 ​ ​ 1 Unrealized loss for twelve months or longer 3 ​ 595 ​ 231 1 ​ 266 ​ 2 ​ 176 ​ 63,544 ​ 10,591 3 ​ 824 ​ 3 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 247 ​ 397,676 ​ 43,267 2 ​ 558 ​ 1 Unrealized loss for twelve months or longer 61 ​ 392,452 ​ 53,627 1 ​ 266 ​ 2 ​ 308 ​ $ 790,128 ​ $ 96,894 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 September 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 ​ $ 35,135 ​ $ 34,938 ​ $ 856 ​ $ 849 Due after one year through five years ​ 23,053 ​ 21,705 ​ 801 ​ 750 Due after five years through ten years ​ 50,701 ​ 50,043 ​ 23,232 ​ 20,884 Due after ten years ​ 71,879 ​ 68,130 ​ 51,676 ​ 43,492 ​ ​ 180,768 ​ 174,816 ​ 76,565 ​ 65,975 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 474,451 ​ 418,720 ​ 308,102 ​ 273,660 Commercial mortgage-backed securities ​ 199,537 ​ 164,838 ​ 181,259 ​ 166,062 Collateralized mortgage obligations ​ 898,449 ​ 826,350 ​ 323,526 ​ 286,862 ​ ​ $ 1,753,205 ​ $ 1,584,724 ​ $ 889,452 ​ $ 792,559

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	9 Months Ended
	Sep. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Commercial real estate ​ $ 3,313,911 ​ $ 3,042,729 Commercial and industrial (1) ​ 1,668,209 ​ ​ 1,875,420 Construction and land development ​ 934,915 ​ ​ 892,783 1-4 family residential ​ ​ 1,595,270 ​ ​ 1,303,430 Consumer ​ ​ 29,439 ​ ​ 32,349 Broker-dealer (2) ​ ​ 402,502 ​ ​ 733,193 ​ ​ 7,944,246 ​ 7,879,904 Allowance for credit losses ​ (91,783) ​ ​ (91,352) Total loans held for investment, net of allowance ​ $ 7,852,463 ​ $ 7,788,552 (1) Included loans totaling $1.1 million and $77.7 million at September 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Allowance Allowance Total Allowance Allowance Total 2022 2021 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,171 ​ $ 95 ​ $ 1,266 ​ $ 413 ​ $ 1,853 ​ $ 2,266 ​ $ 265 ​ $ 76 ​ $ 422 ​ $ 204 Owner occupied ​ 3,469 ​ ​ — ​ ​ 3,469 ​ 3,058 ​ ​ 1,277 ​ ​ 4,335 ​ ​ 88 ​ ​ 345 ​ ​ 505 ​ ​ 574 Commercial and industrial ​ ​ 10,745 ​ ​ 1,333 ​ ​ 12,078 ​ ​ 16,536 ​ ​ 5,942 ​ ​ 22,478 ​ ​ 303 ​ ​ 179 ​ ​ 930 ​ ​ 653 Construction and land development ​ 1 ​ ​ — ​ ​ 1 ​ 2 ​ ​ — ​ ​ 2 ​ ​ 7 ​ ​ 13 ​ ​ 22 ​ ​ 48 1-4 family residential ​ 724 ​ ​ 12,124 ​ ​ 12,848 ​ 902 ​ ​ 17,306 ​ ​ 18,208 ​ ​ 561 ​ ​ 796 ​ ​ 2,286 ​ ​ 2,837 Consumer ​ 16 ​ ​ — ​ ​ 16 ​ 23 ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ (120) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 16,126 ​ $ 13,552 ​ $ 29,678 ​ $ 20,934 ​ $ 26,378 ​ $ 47,312 ​ $ 1,224 ​ $ 1,410 ​ $ 4,165 ​ $ 4,196
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 September 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 ​ $ — ​ $ — ​ $ 234 ​ $ 234 ​ $ 1,953,997 ​ $ 1,954,231 ​ $ — Owner occupied ​ 329 ​ ​ — ​ ​ — ​ ​ 329 ​ ​ 1,359,351 ​ ​ 1,359,680 ​ ​ — Commercial and industrial ​ ​ 3,597 ​ ​ 8 ​ ​ 8,329 ​ ​ 11,934 ​ ​ 1,656,275 ​ ​ 1,668,209 ​ ​ — Construction and land development ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 934,914 ​ ​ 934,915 ​ ​ — 1-4 family residential ​ 3,687 ​ ​ 1,431 ​ ​ 5,046 ​ ​ 10,164 ​ ​ 1,585,106 ​ ​ 1,595,270 ​ ​ 102 Consumer ​ 147 ​ ​ 7 ​ ​ 16 ​ ​ 170 ​ ​ 29,269 ​ ​ 29,439 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 402,502 ​ ​ 402,502 ​ ​ — ​ ​ $ 7,761 ​ $ 1,446 ​ $ 13,625 ​ $ 22,832 ​ $ 7,921,414 ​ $ 7,944,246 ​ $ 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 ​ ​ ​ ​ ​ ​ September 30, 2022 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ 2018 ​ ​ Prior ​ Revolving ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 47,140 ​ $ 76,592 ​ $ 20,521 ​ $ 8,044 ​ $ 4,779 ​ $ 8,142 ​ $ 1 ​ $ 165,219 Internal Grade 4-7 (Pass normal risk) ​ ​ 341,269 ​ ​ 339,862 ​ ​ 121,299 ​ ​ 80,514 ​ ​ 46,457 ​ ​ 56,121 ​ ​ 47,443 ​ ​ 1,032,965 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 82,184 ​ ​ 138,346 ​ ​ 182,165 ​ ​ 82,786 ​ ​ 67,328 ​ ​ 83,882 ​ ​ 11,821 ​ ​ 648,512 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 78,037 ​ ​ 14,543 ​ ​ 1,637 ​ ​ 8,133 ​ ​ — ​ ​ 3,546 ​ ​ 373 ​ ​ 106,269 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ 399 ​ ​ — ​ ​ — ​ ​ — ​ ​ 867 ​ ​ — ​ ​ 1,266 Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 21,049 ​ $ 113,747 ​ $ 65,252 ​ $ 22,938 ​ $ 12,294 ​ $ 64,781 ​ $ 5,977 ​ $ 306,038 Internal Grade 4-7 (Pass normal risk) ​ ​ 162,232 ​ ​ 189,775 ​ ​ 87,189 ​ ​ 81,957 ​ ​ 88,019 ​ ​ 61,081 ​ ​ 15,966 ​ ​ 686,219 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 56,849 ​ ​ 66,290 ​ ​ 87,346 ​ ​ 29,326 ​ ​ 64,755 ​ ​ 27,447 ​ ​ 3,200 ​ ​ 335,213 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 4,143 ​ ​ 430 ​ ​ 6,042 ​ ​ 2,847 ​ ​ 3,425 ​ ​ 11,854 ​ ​ — ​ ​ 28,741 Internal Grade 14 (Substandard non-accrual) ​ ​ 14 ​ ​ 868 ​ ​ — ​ ​ (4) ​ ​ 330 ​ ​ 2,261 ​ ​ — ​ ​ 3,469 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 29,353 ​ $ 27,282 ​ $ 26,549 ​ $ 6,945 ​ $ 1,994 ​ $ 2,313 ​ $ 50,244 ​ $ 144,680 Internal Grade 4-7 (Pass normal risk) ​ ​ 135,610 ​ ​ 142,831 ​ ​ 51,782 ​ ​ 29,790 ​ ​ 10,412 ​ ​ 16,103 ​ ​ 349,402 ​ ​ 735,930 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 88,284 ​ ​ 67,652 ​ ​ 53,440 ​ ​ 18,638 ​ ​ 3,141 ​ ​ 7,918 ​ ​ 274,261 ​ ​ 513,334 Internal Grade 12 (Special mention) ​ ​ 86 ​ ​ — ​ ​ — ​ ​ 453 ​ ​ — ​ ​ — ​ ​ 2,654 ​ ​ 3,193 Internal Grade 13 (Substandard accrual) ​ ​ 671 ​ ​ 2,972 ​ ​ 7,150 ​ ​ 3,839 ​ ​ 3,917 ​ ​ 3,160 ​ ​ 4,248 ​ ​ 25,957 Internal Grade 14 (Substandard non-accrual) ​ ​ 308 ​ ​ 85 ​ ​ 7,882 ​ ​ — ​ ​ 3,500 ​ ​ 303 ​ ​ — ​ ​ 12,078 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 12,673 ​ $ 15,535 ​ $ 1,341 ​ $ 889 ​ $ 1,047 ​ $ 2,984 ​ $ 1 ​ $ 34,470 Internal Grade 4-7 (Pass normal risk) ​ ​ 272,658 ​ ​ 210,391 ​ ​ 63,325 ​ ​ 13,191 ​ ​ 3,252 ​ ​ 1,947 ​ ​ 48,263 ​ ​ 613,027 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 148,054 ​ ​ 74,383 ​ ​ 16,404 ​ ​ 325 ​ ​ — ​ ​ 1,479 ​ ​ 15,352 ​ ​ 255,997 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 1,019 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,262 ​ ​ — ​ ​ 6,281 Internal Grade 14 (Substandard non-accrual) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 781 ​ ​ 223 ​ ​ — ​ ​ — ​ ​ 981 ​ ​ — ​ ​ — ​ ​ 1,985 FICO greater than 720 ​ ​ 14,969 ​ ​ 3,933 ​ ​ 54 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 18,956 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ 4,198 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,198 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,184 ​ $ 733 ​ $ 779 ​ $ 541 ​ $ 3,538 ​ $ 21,699 ​ $ 266 ​ $ 28,740 FICO between 620 and 720 ​ ​ 6,077 ​ ​ 13,805 ​ ​ 8,530 ​ ​ 5,265 ​ ​ 6,013 ​ ​ 26,482 ​ ​ 3,705 ​ ​ 69,877 FICO greater than 720 ​ ​ 334,135 ​ ​ 806,223 ​ ​ 109,048 ​ ​ 46,361 ​ ​ 29,057 ​ ​ 48,786 ​ ​ 3,171 ​ ​ 1,376,781 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 260 ​ ​ 12,589 ​ ​ — ​ ​ 12,848 Other (1) ​ ​ 78,521 ​ ​ 18,571 ​ ​ 1,616 ​ ​ 2,403 ​ ​ 577 ​ ​ 4,082 ​ ​ 1,254 ​ ​ 107,024 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 1,349 ​ $ 332 ​ $ 123 ​ $ 48 ​ $ 7 ​ $ 15 ​ $ 351 ​ $ 2,225 FICO between 620 and 720 ​ ​ 3,226 ​ ​ 1,736 ​ ​ 575 ​ ​ 453 ​ ​ 35 ​ ​ 378 ​ ​ 1,923 ​ ​ 8,326 FICO greater than 720 ​ ​ 5,843 ​ ​ 1,705 ​ ​ 1,283 ​ ​ 413 ​ ​ 85 ​ ​ 1 ​ ​ 3,201 ​ ​ 12,531 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 16 ​ ​ — ​ ​ 16 Other (1) ​ ​ 4,296 ​ ​ 1,326 ​ ​ 464 ​ ​ 89 ​ ​ 5 ​ ​ 18 ​ ​ 143 ​ ​ 6,341 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,936,212 ​ $ 2,330,570 ​ $ 921,795 ​ $ 446,184 ​ $ 355,208 ​ $ 475,518 ​ $ 843,220 ​ $ 7,308,707 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 223,028 Commercial and industrial (Paycheck Protection Program loans) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,097 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,912 Broker-Dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 402,502 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,944,246 (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)	9 Months Ended
	Sep. 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 September 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 63,719 ​ $ (560) ​ $ — ​ $ 41 ​ $ 63,200 Commercial and industrial ​ 19,836 ​ ​ (1,002) ​ ​ (3,096) ​ ​ 370 ​ 16,108 Construction and land development ​ 4,996 ​ ​ (228) ​ ​ — ​ ​ — ​ 4,768 1-4 family residential ​ 5,554 ​ ​ 1,049 ​ ​ (14) ​ ​ 23 ​ 6,612 Consumer ​ ​ 542 ​ ​ 91 ​ ​ (149) ​ ​ 90 ​ ​ 574 Broker-dealer ​ ​ 651 ​ ​ (130) ​ ​ — ​ ​ — ​ ​ 521 Total ​ $ 95,298 ​ $ (780) ​ $ (3,259) ​ $ 524 ​ $ 91,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Nine Months Ended September 30, 2022 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 59,354 ​ $ 3,762 ​ $ — ​ $ 84 ​ $ 63,200 Commercial and industrial ​ 21,982 ​ ​ (1,681) ​ ​ (6,197) ​ ​ 2,004 ​ 16,108 Construction and land development ​ 4,674 ​ ​ 94 ​ ​ — ​ ​ — ​ 4,768 1-4 family residential ​ 4,589 ​ ​ 2,014 ​ ​ (62) ​ ​ 71 ​ 6,612 Consumer ​ ​ 578 ​ ​ 136 ​ ​ (361) ​ ​ 221 ​ ​ 574 Broker-dealer ​ ​ 175 ​ ​ 346 ​ ​ — ​ ​ — ​ ​ 521 Total ​ $ 91,352 ​ $ 4,671 ​ $ (6,620) ​ $ 2,380 ​ $ 91,783 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Three Months Ended September 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 77,633 ​ $ (8,993) ​ $ (124) ​ $ 19 ​ $ 68,535 Commercial and industrial ​ 27,866 ​ ​ 2,398 ​ ​ (317) ​ ​ 598 ​ 30,545 Construction and land development ​ 5,185 ​ ​ (85) ​ ​ — ​ ​ — ​ 5,100 1-4 family residential ​ 3,659 ​ ​ 946 ​ ​ (87) ​ ​ 20 ​ 4,538 Consumer ​ ​ 592 ​ ​ (41) ​ ​ (73) ​ ​ 26 ​ ​ 504 Broker-dealer ​ ​ 334 ​ ​ (44) ​ ​ — ​ ​ — ​ ​ 290 Total ​ $ 115,269 ​ $ (5,819) ​ $ (601) ​ $ 663 ​ $ 109,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on Balance, ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ End of Nine Months Ended September 30, 2021 ​ Period ​ Credit Losses ​ Charged Off ​ Loans ​ Period Commercial real estate ​ $ 109,629 ​ $ (41,037) ​ $ (310) ​ $ 253 ​ $ 68,535 Commercial and industrial ​ 27,703 ​ ​ 2,848 ​ ​ (1,738) ​ ​ 1,732 ​ 30,545 Construction and land development ​ 6,677 ​ ​ (1,577) ​ ​ — ​ ​ — ​ 5,100 1-4 family residential ​ 3,946 ​ ​ 358 ​ ​ (248) ​ ​ 482 ​ 4,538 Consumer ​ ​ 876 ​ ​ (317) ​ ​ (226) ​ ​ 171 ​ ​ 504 Broker-dealer ​ ​ 213 ​ ​ 77 ​ ​ — ​ ​ — ​ ​ 290 Total ​ $ 149,044 ​ $ (39,648) ​ $ (2,522) ​ $ 2,638 ​ $ 109,512
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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 6,931 ​ $ 7,981 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ ​ 87 ​ ​ (1,183) ​ ​ 1,138 ​ ​ (1,590) Balance, end of period ​ $ 7,018 ​ $ 6,798 ​ $ 7,018 ​ $ 6,798 ​

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, ​ ​ 2022 ​ 2021 2022 ​ 2021 ​ Balance, beginning of period $ 121,688 ​ $ 124,497 ​ $ 86,990 ​ $ 143,742 ​ Additions 29,340 ​ 20,252 ​ 47,850 ​ 70,368 ​ Sales — ​ (31,366) ​ (1,876) ​ (116,000) ​ Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) 7,942 ​ 3,525 ​ 32,035 ​ 32,199 ​ Due to customer payoffs (2,431) ​ (5,977) ​ (8,460) ​ (19,378) ​ Balance, end of period $ 156,539 ​ $ 110,931 ​ $ 156,539 ​ $ 110,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ Mortgage loans serviced for others (2) ​ ​ ​ ​ ​ ​ $ 8,277,325 ​ $ 6,355,927 ​ MSR asset as a percentage of serviced mortgage loans ​ ​ ​ ​ ​ ​ 1.89 % 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 nine months ended September 30, 2021 are MSR asset fair value adjustments totaling $3.3 million and $22.2 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	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 ​ Weighted average constant prepayment rate 8.06 % ​ 10.02 % Weighted average discount rate 12.09 % ​ 14.32 % Weighted average life (in years) 8.4 ​ ​ 7.1 ​
Schedule of sensitivity analysis of fair value of the Company's MSR to certain key assumptions	A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Constant prepayment rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ $ (3,027) ​ $ (2,603) Impact of 20% adverse change ​ (5,869) ​ (5,315) Discount rate: ​ ​ ​ ​ ​ ​ Impact of 10% adverse change ​ (4,439) ​ (4,070) Impact of 20% adverse change ​ (8,466) ​ (7,753)

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Noninterest-bearing demand ​ $ 4,546,816 ​ $ 4,577,183 Interest-bearing: ​ ​ ​ ​ ​ ​ Demand accounts ​ 3,456,342 ​ 3,270,522 Brokered - demand ​ 5,631 ​ 114,393 Money market ​ 2,149,812 ​ 3,433,341 Brokered - money market ​ 8,717 ​ 98,614 Savings ​ 316,788 ​ 345,795 Time ​ 852,431 ​ 962,752 Brokered - time ​ 15,477 ​ 15,477 ​ ​ $ 11,352,014 ​ $ 12,818,077

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Federal funds purchased ​ $ 439,200 ​ $ 171,925 Securities sold under agreements to repurchase ​ 302,299 ​ 191,547 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ 7,000 ​ ​ 142,000 Commercial paper ​ 193,810 ​ 353,972 ​ ​ $ 942,309 ​ $ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ ​ 2022 ​ 2021 Average balance during the period ​ $ 530,180 ​ $ 328,853 ​ Average interest rate during the period ​ 1.36 % ​ 0.37 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 2021 ​ Average interest rate at end of period ​ 2.91 % ​ 0.31 % Securities underlying the agreements at end of period: ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 343,655 ​ $ 191,483 ​ Estimated fair value ​ $ 362,237 ​ $ 205,734 ​

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Senior Notes due April 2025, net of discount of $746 and $886, respectively ​ $ 149,253 ​ $ 149,114 Subordinated Notes due May 2030, net of discount of $634 and $704, respectively ​ ​ 49,366 ​ ​ 49,296 Subordinated Notes due May 2035, net of discount of $2,084 and $2,220, respectively ​ ​ 147,916 ​ ​ 147,780 Ventures Management lines of credit ​ 43,819 ​ 41,714 ​ ​ $ 390,354 ​ $ 387,904

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (5,800) ​ ​ (5,358) Premises and equipment, net ​ $ 1,980 ​ $ 2,422 ​
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 9,121 ​ $ 9,727 ​ $ 28,078 ​ $ 29,130 Less operating lease and sublease income ​ ​ (633) ​ ​ (343) ​ ​ (1,762) ​ ​ (1,024) Net operating lease cost ​ $ 8,488 ​ $ 9,384 ​ $ 26,316 ​ $ 28,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 147 ​ $ 147 ​ $ 442 ​ $ 442 Interest on lease liabilities ​ ​ 118 ​ ​ 129 ​ ​ 363 ​ ​ 396 Total finance lease cost ​ $ 265 ​ $ 276 ​ $ 805 ​ $ 838
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 27,387 ​ $ 28,160 Operating cash flows from finance leases ​ ​ 366 ​ ​ 396 Financing cash flows from finance leases ​ ​ 563 ​ ​ 509 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Operating leases ​ $ 12,336 ​ $ 37,086 Finance leases ​ ​ — ​ ​ —
Schedule of lease terms and discount rates	Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ 5.6 ​ 3.85 % ​ 5.9 ​ 3.89 % Finance ​ 4.1 ​ 4.88 % ​ 4.8 ​ 4.84 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of September 30, 2022, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 1,462 ​ $ 312 2023 ​ 33,554 ​ ​ 1,280 2024 ​ 25,309 ​ ​ 1,163 2025 ​ 18,642 ​ ​ 886 2026 ​ 15,050 ​ ​ 813 Thereafter ​ 40,636 ​ ​ 598 Total minimum lease payments ​ 134,653 ​ ​ 5,052 Less amount representing interest ​ (14,018) ​ ​ (1,448) Lease liabilities $ 120,635 ​ $ 3,604 ​
Schedule of future minimum lease payments under finance leases	​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2022 $ 1,462 ​ $ 312 2023 ​ 33,554 ​ ​ 1,280 2024 ​ 25,309 ​ ​ 1,163 2025 ​ 18,642 ​ ​ 886 2026 ​ 15,050 ​ ​ 813 Thereafter ​ 40,636 ​ ​ 598 Total minimum lease payments ​ 134,653 ​ ​ 5,052 Less amount representing interest ​ (14,018) ​ ​ (1,448) Lease liabilities $ 120,635 ​ $ 3,604

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Balance, beginning of period ​ $ 28,715 ​ $ 32,763 ​ $ 31,407 ​ $ 30,085 ​ Claims made ​ 14,247 ​ 5,412 ​ 42,305 ​ 19,100 ​ Claims resolved with no payment ​ (4,378) ​ (4,217) ​ (12,352) ​ (9,088) ​ Repurchases ​ (11,320) ​ (3,981) ​ (34,096) ​ (9,238) ​ Indemnification payments ​ — ​ (267) ​ — ​ (1,149) ​ Balance, end of period ​ $ 27,264 ​ $ 29,710 ​ $ 27,264 ​ $ 29,710 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2022 2021 2022 2021 Balance, beginning of period ​ $ 23,750 ​ $ 26,372 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales ​ 608 ​ 2,702 ​ 2,123 ​ 8,568 ​ Repurchases ​ (1,591) ​ (2,687) ​ (6,367) ​ (3,086) ​ Early payment defaults ​ (90) ​ (116) ​ (212) ​ (152) ​ Indemnification payments ​ — ​ (78) ​ — ​ (342) ​ Change in reserves for loans sold in prior years ​ (553) ​ (220) ​ (844) ​ (546) ​ Balance, end of period ​ $ 22,124 ​ $ 25,973 ​ $ 22,124 ​ $ 25,973 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims ​ $ 394 ​ $ 345 ​ ​ ​ ​ ​ ​ ​ Incurred but not reported claims ​ 21,730 ​ 27,079 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 22,124 ​ $ 27,424 ​ ​ ​ ​ ​ ​ ​ ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested restricted stock unit (“RSU”) activity for the nine months ended September 30, 2022 (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 548 ​ $ 33.25 ​ Vested/Released ​ (614) ​ $ 19.30 ​ Forfeited ​ (136) ​ $ 24.50 Balance, September 30, 2022 ​ 1,667 ​ $ 27.79 ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 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 September 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 ​ ​ September 30, 2022 ​ December 31, 2021 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,404,288 10.29 % $ 1,469,695 10.20 % 4.0 % 5.0 % Hilltop ​ 1,881,289 11.41 % 2,262,356 12.58 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,404,288 14.68 % ​ 1,469,695 16.00 % 7.0 % 6.5 % Hilltop ​ ​ 1,881,289 17.45 % ​ 2,262,356 21.22 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,404,288 14.68 % 1,469,695 16.00 % 8.5 % 8.0 % Hilltop ​ 1,881,289 17.45 % 2,262,356 21.22 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,486,989 15.54 % 1,540,100 16.77 % 10.5 % 10.0 % Hilltop ​ 2,163,815 20.07 % 2,532,008 23.75 % 10.5 % N/A ​ ​
Schedule of net capital position	At September 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 ​ $ 198,954 ​ $ 3,842 ​ Less: required net capital ​ ​ 9,313 ​ ​ 250 ​ Excess net capital ​ $ 189,641 ​ $ 3,592 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 42.7 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 175,672 ​ ​ ​ ​ ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ ​ 2022 2021 2022 2021 Increase (decrease) in fair value of derivatives during period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ 2,276 ​ $ 780 ​ $ (10,975) ​ $ 555 Hilltop Broker-Dealers ​ ​ 14,240 ​ ​ 11,427 ​ ​ 23,819 ​ ​ (3,845) Bank ​ ​ 7 ​ ​ 7 ​ ​ 53 ​ ​ 26
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 1,131,664 ​ $ (16,729) ​ $ 1,283,152 ​ $ 25,489 Commitments to purchase MBSs ​ 1,353,969 ​ (27,946) ​ 1,575,264 ​ (674) Commitments to sell MBSs ​ ​ 3,150,790 ​ 71,201 ​ 3,314,173 ​ (355) Interest rate swaps ​ ​ 36,317 ​ 2,976 ​ 68,413 ​ (1,949) U.S. Treasury bond futures and options (1) ​ ​ 274,000 ​ — ​ 247,800 ​ — Eurodollar and other futures (1) ​ ​ 2,964,000 ​ — ​ 2,061,800 ​ — Credit default swaps ​ ​ 1,000 ​ 5 ​ 7,000 ​ (15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 415,000 ​ $ 22,675 ​ $ 190,000 ​ $ 603 Interest rate swaps designated as fair value hedges (2) ​ ​ 340,323 ​ ​ 44,322 ​ ​ 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 $340.3 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 $296.0 million and $218.0 million as of September 30, 2022 and December 31, 2021, respectively), of which, a subset of these hedges are in portfolio layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $44.3 million and $3.2 million as of September 30, 2022 and December 31, 2021, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,182,934 ​ $ — ​ $ 1,182,934 ​ $ (1,126,566) ​ $ — ​ $ 56,368 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2,976 ​ ​ — ​ ​ 2,976 ​ ​ (2,953) ​ ​ — ​ ​ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ (5) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 145,365 ​ ​ — ​ ​ 145,365 ​ ​ (139,187) ​ ​ — ​ ​ 6,178 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 72,204 ​ (686) ​ 71,518 ​ (39,838) ​ — ​ 31,680 ​ ​ $ 1,403,484 ​ $ (686) ​ $ 1,402,798 ​ $ (1,308,549) ​ $ — ​ $ 94,249 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 September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,072,408 ​ $ — ​ $ 1,072,408 ​ $ (1,017,959) ​ $ — ​ $ 54,449 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 302,030 ​ — ​ 302,030 ​ (319,453) ​ — ​ (17,423) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 28,264 ​ — ​ 28,264 ​ (28,264) ​ — ​ — ​ ​ $ 1,402,702 ​ $ — ​ $ 1,402,702 ​ $ (1,365,676) ​ $ — ​ $ 37,026 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 September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ September 30, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ ​ 182,041 ​ ​ 53,624 ​ ​ 61,715 ​ ​ 4,650 ​ ​ 302,030 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 1,072,295 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,072,295 Total ​ $ 1,254,449 ​ $ 53,624 ​ $ 61,715 ​ $ 4,650 ​ $ 1,374,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,374,438 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)	9 Months Ended
	Sep. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,182,934 ​ $ 1,518,372 Securities failed to deliver ​ 14,625 ​ 5,664 Trades in process of settlement ​ 47,753 ​ 144,773 Other ​ 9,740 ​ 4,137 ​ ​ $ 1,255,052 ​ $ 1,672,946 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,072,408 ​ $ 1,432,196 Correspondents ​ 20,700 ​ 20,571 Securities failed to receive ​ 78,316 ​ 18,808 Other ​ 4,732 ​ 5,725 ​ ​ $ 1,176,156 ​ $ 1,477,300

Segment and Related Informati_2

Segment and Related Information (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations Consolidated Net interest income (expense) ​ $ 110,939 ​ $ 13,386 ​ $ (2,939) ​ $ (3,276) ​ $ 5,376 ​ $ 123,486 Provision for (reversal of) credit losses ​ ​ (650) ​ ​ (130) ​ ​ — ​ ​ — ​ ​ — ​ (780) Noninterest income ​ ​ 12,200 ​ ​ 100,798 ​ ​ 98,200 ​ ​ 1,809 ​ ​ (6,032) ​ 206,975 Noninterest expense ​ 60,160 ​ 96,843 ​ 118,345 ​ ​ 14,034 ​ (644) ​ 288,738 Income (loss) before taxes ​ $ 63,629 ​ $ 17,471 ​ $ (23,084) ​ $ (15,501) ​ $ (12) ​ $ 42,503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ ​ ​ All Other and ​ Hilltop Nine Months Ended September 30, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 304,269 ​ $ 37,481 ​ $ (6,066) ​ $ (9,856) ​ $ 9,705 ​ $ 335,533 Provision for (reversal of) credit losses ​ ​ 4,325 ​ ​ 346 ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,671 Noninterest income ​ ​ 37,438 ​ ​ 249,139 ​ ​ 381,477 ​ ​ 5,655 ​ ​ (11,033) ​ ​ 662,676 Noninterest expense ​ 175,921 ​ 268,307 ​ 386,372 ​ 44,388 ​ (1,357) ​ 873,631 Income (loss) before taxes ​ $ 161,461 ​ $ 17,967 ​ $ (10,961) ​ $ (48,589) ​ $ 29 ​ $ 119,907 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and ​ Hilltop Three Months Ended September 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 99,978 ​ $ 10,427 ​ $ (3,503) ​ $ (4,341) ​ $ 2,529 ​ $ 105,090 Provision for (reversal of) credit losses ​ ​ (5,775) ​ ​ (44) ​ ​ — ​ ​ — ​ ​ — ​ ​ (5,819) Noninterest income ​ ​ 11,727 ​ ​ 116,143 ​ ​ 242,270 ​ ​ 757 ​ ​ (2,952) ​ ​ 367,945 Noninterest expense ​ 54,567 ​ 109,193 ​ 176,587 ​ 15,355 ​ (528) ​ 355,174 Income (loss) before taxes ​ $ 62,913 ​ $ 17,421 ​ $ 62,180 ​ $ (18,939) ​ $ 105 ​ $ 123,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Nine Months Ended September 30, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 309,330 ​ $ 31,623 ​ $ (16,554) ​ $ (13,720) ​ $ 8,009 ​ $ 318,688 Provision for (reversal of) credit losses ​ (39,725) ​ ​ 77 ​ ​ — ​ ​ — ​ ​ — ​ (39,648) Noninterest income ​ 33,293 ​ ​ 298,229 ​ ​ 794,679 ​ ​ 8,140 ​ ​ (8,912) ​ 1,125,429 Noninterest expense ​ 167,869 ​ 287,831 ​ 573,884 ​ ​ 37,015 ​ ​ (1,395) ​ 1,065,204 Income (loss) before taxes ​ $ 214,479 ​ $ 41,944 ​ $ 204,241 ​ $ (42,595) ​ $ 492 ​ $ 418,561 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,455,679 ​ $ 2,866,990 ​ $ 1,405,712 ​ $ 2,453,933 ​ $ (3,567,023) ​ $ 16,615,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ 2022 2021 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 32,068 ​ $ 92,906 ​ $ 87,578 ​ $ 312,310 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 64,552 ​ 80,109 ​ 72,400 ​ 81,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ $ 0.50 ​ $ 1.16 ​ $ 1.21 ​ $ 3.84 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ $ 32,068 ​ $ 92,906 ​ $ 87,578 ​ $ 312,310 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ 64,552 ​ 80,109 ​ 72,400 ​ 81,306 Effect of potentially dilutive securities ​ 117 ​ ​ 433 ​ 157 ​ 457 Weighted average shares outstanding - diluted ​ 64,669 ​ 80,542 ​ 72,557 ​ 81,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share ​ $ 0.50 ​ $ 1.15 ​ $ 1.21 ​ $ 3.82

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Basis of Presentation, Ownership (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)
Basis of Presentation
Number of primary business units | item	2
Redemption of junior subordinated debentures	$ 636,394	$ 792,893
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	Sep. 30, 2022	Dec. 31, 2021
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 863.4	$ 1,780
Mortgage loans held for sale, unpaid principal balance	$ 882.6	$ 1,730

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Trading securities	$ 641,864	$ 647,998
Available for sale securities	1,584,724	2,130,568
Equity securities	209	250
MSR asset	156,539	86,990
Financial liabilities:
Securities sold, not yet purchased	99,515	96,586
Recurring
Financial assets:
Trading securities	641,864	647,998
Available for sale securities	1,584,724	2,130,568
Equity securities	209	250
Loans held for sale	863,427	1,782,591
Loans held for investment	8,912
Derivative assets	141,536	48,122
MSR asset	156,539	86,990
Financial liabilities:
Securities sold, not yet purchased	99,515	96,586
Derivative liabilities	45,032	21,816
Recurring | Level 1
Financial assets:
Trading securities	5,259	8,628
Equity securities	209	250
Financial liabilities:
Securities sold, not yet purchased	65,370	45,973
Recurring | Level 2
Financial assets:
Trading securities	636,605	639,370
Available for sale securities	1,584,724	2,130,568
Loans held for sale	826,013	1,734,875
Derivative assets	141,536	48,122
Financial liabilities:
Securities sold, not yet purchased	34,145	50,613
Derivative liabilities	45,032	21,816
Recurring | Level 3
Financial assets:
Loans held for sale	37,414	47,716
Loans held for investment	8,912
MSR asset	$ 156,539	$ 86,990

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	$ 172,447	$ 195,930	$ 134,706	$ 215,558
Purchases/Additions	47,352	39,069	95,915	120,641
Sales/Reductions	(19,594)	(53,573)	(46,780)	(167,718)
Transfers to (from) Level 3	(251)	(2,291)	5,587	(4,099)
Total gains or losses (realized or unrealized):
Included in Net Income	2,911	4,315	13,437	19,068
Asset balance, end of period	202,865	183,450	202,865	183,450
Loans Held for Sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	41,732	71,433	47,716	71,816
Purchases/Additions	18,012	18,817	38,454	50,273
Sales/Reductions	(19,594)	(22,207)	(44,342)	(51,718)
Transfers to (from) Level 3	(251)	(2,291)	5,587	(4,099)
Total gains or losses (realized or unrealized):
Included in Net Income	(2,485)	6,767	(10,001)	6,247
Asset balance, end of period	37,414	72,519	37,414	72,519
Loans Held For Investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	9,027
Purchases/Additions			9,611
Sales/Reductions			(562)
Total gains or losses (realized or unrealized):
Included in Net Income	(115)		(137)
Asset balance, end of period	8,912		8,912
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, beginning of period	121,688	124,497	86,990	143,742
Purchases/Additions	29,340	20,252	47,850	70,368
Sales/Reductions		(31,366)	(1,876)	(116,000)
Total gains or losses (realized or unrealized):
Included in Net Income	5,511	(2,452)	23,575	12,821
Asset balance, end of period	$ 156,539	$ 110,931	$ 156,539	$ 110,931

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) - Level 3 - Recurring	Sep. 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	0.91	0.95
Loans Held for Sale | Projected Price | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.90	0.94
Loans Held for Sale | Projected Price | Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.92	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	0.1200
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	0.0806	0.1002
MSR asset | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1209	0.1432

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value Option
Net Gains (Losses)	$ 57,998	$ 203,152	$ 266,435	$ 669,857
Other Noninterest Income	39,910	41,955	79,124	110,856
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)	(37,526)	(32,694)	(73,520)	(55,211)
Total Changes in Fair Value	(37,526)	(32,694)	(73,520)	(55,211)
Loans Held For Investment
Fair Value Option
Net Gains (Losses)	(377)		(660)
Total Changes in Fair Value	(377)		(660)
MSR asset
Fair Value Option
Net Gains (Losses)	5,511	(2,452)	23,575	12,821
Total Changes in Fair Value	$ 5,511	$ (2,452)	$ 23,575	$ 12,821

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Held to maturity securities	$ 792,559	$ 276,296
Loans held for investment, net	7,852,463	7,788,552
Broker-dealer and clearing organization receivables	1,255,052	1,672,946
Financial liabilities:
Broker-dealer and clearing organization payables	1,176,156	1,477,300
Carrying Amount
Financial assets:
Cash and cash equivalents	1,778,247	2,823,523
Assets segregated for regulatory purposes	109,358	221,740
Securities purchased under agreements to resell	145,365	118,262
Held to maturity securities	889,452	267,684
Loans held for sale	140,178	95,599
Loans held for investment, net	7,843,551	7,788,552
Broker-dealer and clearing organization receivables	1,255,052	1,672,946
Other assets	71,365	73,041
Financial liabilities:
Deposits	11,352,014	12,818,077
Broker-dealer and clearing organization payables	1,176,156	1,477,300
Short-term borrowings	942,309	859,444
Debt	390,354	387,904
Other liabilities	9,198	3,944
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	1,778,247	2,823,523
Assets segregated for regulatory purposes	109,358	221,740
Securities purchased under agreements to resell	145,365	118,262
Held to maturity securities	792,559	276,296
Loans held for sale	142,325	95,599
Loans held for investment, net	7,684,034	7,999,925
Broker-dealer and clearing organization receivables	1,255,052	1,672,946
Other assets	71,365	73,041
Financial liabilities:
Deposits	11,333,099	12,821,138
Broker-dealer and clearing organization payables	1,176,156	1,477,300
Short-term borrowings	942,309	859,444
Debt	389,632	387,904
Other liabilities	9,198	3,944
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	1,778,247	2,823,523
Assets segregated for regulatory purposes	109,358	221,740
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	145,365	118,262
Held to maturity securities	792,559	276,296
Loans held for sale	85,137	95,599
Loans held for investment, net	402,502	733,193
Broker-dealer and clearing organization receivables	1,255,052	1,672,946
Other assets	69,699	71,290
Financial liabilities:
Deposits	11,333,099	12,821,138
Broker-dealer and clearing organization payables	1,176,156	1,477,300
Short-term borrowings	942,309	859,444
Debt	389,632	387,904
Other liabilities	9,198	3,944
Estimate of Fair Value | Level 3
Financial assets:
Loans held for sale	57,188
Loans held for investment, net	7,281,532	7,266,732
Other assets	$ 1,666	$ 1,751

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 28,183	$ 26,988	$ 16,817	$ 22,844
Additional investments			11,000
Upward adjustments	234	122	679	6,006
Impairments and downward adjustments	(1,013)	(253)	(1,092)	(1,017)
Dispositions		(10,390)		(11,366)
Balance, end of period	27,404	$ 16,467	27,404	$ 16,467
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 59,200		$ 59,200		$ 54,000

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of fair value of trading securities
Debt Securities, Trading	$ 641,864	$ 647,998
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	99,515	96,586
US Treasury Securities
Schedule of fair value of trading securities
Debt Securities, Trading	309	3,728
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	14,255	3,410
Residential Mortgage Backed Securities
Schedule of fair value of trading securities
Debt Securities, Trading	152,513	152,093
Collateralized Mortgage Obligations
Schedule of fair value of trading securities
Debt Securities, Trading	171,241	126,389
Corporate Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	63,626	60,671
US States and Political Subdivisions Debt Securities
Schedule of fair value of trading securities
Debt Securities, Trading	200,945	285,376
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	13,690	11,377
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 25,285	$ 4,954

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Available for sale
Amortized cost		$ 1,753,205		$ 2,148,635
Unrealized Gains		406		13,570
Unrealized Losses		(168,887)		(31,637)
Fair Value		1,584,724		2,130,568
Held to maturity
Amortized cost		889,452		267,684
Unrealized Gains		1		8,615
Unrealized Losses		(96,894)		(3)
Held to maturity, fair value		792,559		276,296
Equity Securities
Unrealized net gains from equity securities		100		200
Equity, at fair value		209		250
Book value of held to maturity		689,477
Pre-tax net unrecognized losses		67,798
Recognized net loss on equity securities		100	$ 100
US Treasury Securities
Available for sale
Amortized cost		24,958		14,937
Unrealized Losses		(696)		(75)
Fair Value		24,262		14,862
Bonds
Available for sale
Amortized cost		115,633		43,448
Unrealized Gains		315		838
Unrealized Losses		(814)		(153)
Fair Value		115,134		44,133
Residential Mortgage Backed Securities
Available for sale
Amortized cost		474,451		900,084
Unrealized Gains		20		7,979
Unrealized Losses		(55,751)		(9,617)
Fair Value		418,720		898,446
Held to maturity
Amortized cost		308,102		9,892
Unrealized Gains				400
Unrealized Losses		(34,442)
Held to maturity, fair value		273,660		10,292
Commercial Mortgage Backed Securities
Available for sale
Amortized cost		199,537		219,460
Unrealized Gains				367
Unrealized Losses		(34,699)		(9,128)
Fair Value		164,838		210,699
Held to maturity
Amortized cost		181,259		145,742
Unrealized Gains				5,311
Unrealized Losses		(15,197)
Held to maturity, fair value		166,062		151,053
Collateralized Mortgage Obligations
Available for sale
Amortized cost		898,449		926,783
Unrealized Gains				2,547
Unrealized Losses		(72,099)		(12,464)
Fair Value		826,350		916,866
Held to maturity
Amortized cost		323,526		43,990
Unrealized Gains				476
Unrealized Losses		(36,664)
Held to maturity, fair value		286,862		44,466
US States and Political Subdivisions Debt Securities
Available for sale
Amortized cost		40,177		43,923
Unrealized Gains		71		1,839
Unrealized Losses		(4,828)		(200)
Fair Value		35,420		45,562
Held to maturity
Amortized cost		76,565		68,060
Unrealized Gains		1		2,428
Unrealized Losses		(10,591)		(3)
Held to maturity, fair value		$ 65,975		$ 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	Sep. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	283	147
Unrealized loss for twelve months or longer | item	78	42
Total | item	361	189
Fair Value
Unrealized loss for less than twelve months	$ 1,059,559	$ 1,262,834
Unrealized loss for twelve months or longer	451,860	311,828
Total	1,511,419	1,574,662
Unrealized Loss
Unrealized loss for less than twelve months	79,259	20,376
Unrealized loss for twelve months or longer	89,628	11,261
Total	$ 168,887	$ 31,637
US Treasury Securities
Number of Securities
Unrealized loss for less than twelve months | item	2	2
Unrealized loss for twelve months or longer | item	1
Total | item	3	2
Fair Value
Unrealized loss for less than twelve months	$ 19,845	$ 14,862
Unrealized loss for twelve months or longer	4,417
Total	24,262	14,862
Unrealized Loss
Unrealized loss for less than twelve months	136	75
Unrealized loss for twelve months or longer	560
Total	$ 696	$ 75
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	8	2
Unrealized loss for twelve months or longer | item	3	1
Total | item	11	3
Fair Value
Unrealized loss for less than twelve months	$ 51,594	$ 9,904
Unrealized loss for twelve months or longer	15,493	6,184
Total	67,087	16,088
Unrealized Loss
Unrealized loss for less than twelve months	247	94
Unrealized loss for twelve months or longer	567	59
Total	$ 814	$ 153
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	98	52
Unrealized loss for twelve months or longer | item	26	17
Total | item	124	69
Fair Value
Unrealized loss for less than twelve months	$ 204,950	$ 548,392
Unrealized loss for twelve months or longer	211,828	104,378
Total	416,778	652,770
Unrealized Loss
Unrealized loss for less than twelve months	17,715	6,915
Unrealized loss for twelve months or longer	38,036	2,702
Total	$ 55,751	$ 9,617
Commercial Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	12	5
Unrealized loss for twelve months or longer | item	7	14
Total | item	19	19
Fair Value
Unrealized loss for less than twelve months	$ 90,402	$ 65,636
Unrealized loss for twelve months or longer	74,435	138,619
Total	164,837	204,255
Unrealized Loss
Unrealized loss for less than twelve months	12,637	1,776
Unrealized loss for twelve months or longer	22,062	7,352
Total	$ 34,699	$ 9,128
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	112	72
Unrealized loss for twelve months or longer | item	28	10
Total | item	140	82
Fair Value
Unrealized loss for less than twelve months	$ 669,347	$ 618,464
Unrealized loss for twelve months or longer	141,868	62,647
Total	811,215	681,111
Unrealized Loss
Unrealized loss for less than twelve months	45,405	11,316
Unrealized loss for twelve months or longer	26,694	1,148
Total	$ 72,099	$ 12,464
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	51	14
Unrealized loss for twelve months or longer | item	13
Total | item	64	14
Fair Value
Unrealized loss for less than twelve months	$ 23,421	$ 5,576
Unrealized loss for twelve months or longer	3,819
Total	27,240	5,576
Unrealized Loss
Unrealized loss for less than twelve months	3,119	200
Unrealized loss for twelve months or longer	1,709
Total	$ 4,828	$ 200

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	247	2
Unrealized loss for twelve months or longer | item	61	1
Total | item	308	3
Fair Value
Unrealized loss for less than twelve months	$ 397,676	$ 558
Unrealized loss for twelve months or longer	392,452	266
Total	790,128	824
Unrealized Losses
Unrealized loss for less than twelve months	43,267	1
Unrealized loss for twelve months or longer	53,627	2
Total	$ 96,894	$ 3
Residential Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	16
Unrealized loss for twelve months or longer | item	29
Total | item	45
Fair Value
Unrealized loss for less than twelve months	$ 78,772
Unrealized loss for twelve months or longer	194,888
Total	273,660
Unrealized Losses
Unrealized loss for less than twelve months	9,167
Unrealized loss for twelve months or longer	25,275
Total	$ 34,442
Commercial Mortgage Backed Securities
Number of Securities
Unrealized loss for less than twelve months | item	30
Unrealized loss for twelve months or longer | item	1
Total | item	31
Fair Value
Unrealized loss for less than twelve months	$ 163,245
Unrealized loss for twelve months or longer	2,817
Total	166,062
Unrealized Losses
Unrealized loss for less than twelve months	14,736
Unrealized loss for twelve months or longer	461
Total	$ 15,197
Collateralized Mortgage Obligations
Number of Securities
Unrealized loss for less than twelve months | item	28
Unrealized loss for twelve months or longer | item	28
Total | item	56
Fair Value
Unrealized loss for less than twelve months	$ 92,710
Unrealized loss for twelve months or longer	194,152
Total	286,862
Unrealized Losses
Unrealized loss for less than twelve months	9,004
Unrealized loss for twelve months or longer	27,660
Total	$ 36,664
US States and Political Subdivisions Debt Securities
Number of Securities
Unrealized loss for less than twelve months | item	173	2
Unrealized loss for twelve months or longer | item	3	1
Total | item	176	3
Fair Value
Unrealized loss for less than twelve months	$ 62,949	$ 558
Unrealized loss for twelve months or longer	595	266
Total	63,544	824
Unrealized Losses
Unrealized loss for less than twelve months	10,360	1
Unrealized loss for twelve months or longer	231	2
Total	$ 10,591	$ 3

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 35,135
Due after one year through five years	23,053
Due after five years through ten years	50,701
Due after ten years	71,879
Total	180,768
Amortized cost	1,753,205	$ 2,148,635
AFS, Fair Value, Rolling Maturity
Due in one year or less	34,938
Due after one year through five years	21,705
Due after five years through ten years	50,043
Due after ten years	68,130
Total	174,816
Fair Value	1,584,724	2,130,568
Residential Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	474,451
Amortized cost	474,451	900,084
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	418,720
Fair Value	418,720	898,446
Commercial Mortgage Backed Securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	199,537
Amortized cost	199,537	219,460
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	164,838
Fair Value	164,838	210,699
Collateralized Mortgage Obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	898,449
Amortized cost	898,449	926,783
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	826,350
Fair Value	$ 826,350	$ 916,866

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 856
Due after one year through five years	801
Due after five years through ten years	23,232
Due after ten years	51,676
Total	76,565
Amortized cost	889,452	$ 267,684
HTM, Fair Value, Rolling Maturities
Due in one year or less	849
Due after one year through five years	750
Due after five years through ten years	20,884
Due after ten years	43,492
Total	65,975
Fair Value	792,559	276,296
Residential Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	308,102
Amortized cost	308,102	9,892
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	273,660
Fair Value	273,660	10,292
Commercial Mortgage Backed Securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	181,259
Amortized cost	181,259	145,742
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	166,062
Fair Value	166,062	151,053
Collateralized Mortgage Obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	323,526
Amortized cost	323,526	43,990
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	286,862
Fair Value	$ 286,862	$ 44,466

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Securities
Realized net gains (losses) from trading securities portfolio	$ (3.2)	$ 2	$ (7.9)	$ 21.8
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	$ 617.1		$ 617.1		$ 809.9
Fair value of securities pledged	556.2		556.2		$ 817.7
Hilltop Broker-Dealers
Securities
Realized net gains (losses) from trading securities portfolio	$ 16.6	$ 17	$ 25.6	$ 52.1

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans
Loans	$ 7,944,246		$ 7,879,904
Allowance for loan losses	(91,783)	$ (95,298)	(91,352)	$ (109,512)	$ (115,269)	$ (149,044)
Loans held for investment, net	7,852,463		7,788,552
Commercial real estate
Loans
Loans	3,313,911		3,042,729
Allowance for loan losses	(63,200)	(63,719)	(59,354)	(68,535)	(77,633)	(109,629)
Commercial and industrial
Loans
Loans	1,668,209		1,875,420
Allowance for loan losses	(16,108)	(19,836)	(21,982)	(30,545)	(27,866)	(27,703)
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Loans
Loans	1,100		77,700
Construction and Land Development
Loans
Loans	934,915		892,783
Allowance for loan losses	(4,768)	(4,996)	(4,674)	(5,100)	(5,185)	(6,677)
1 - 4 family residential
Loans
Loans	1,595,270		1,303,430
Allowance for loan losses	(6,612)	(5,554)	(4,589)	(4,538)	(3,659)	(3,946)
Consumer
Loans
Loans	29,439		32,349
Allowance for loan losses	(574)	(542)	(578)	(504)	(592)	(876)
Broker-dealer
Loans
Loans	402,502		733,193
Allowance for loan losses	$ (521)	$ (651)	$ (175)	$ (290)	$ (334)	$ (213)

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Non-accrual loans
Non-accrual Loans With Allowance	$ 16,126,000		$ 16,126,000		$ 20,934,000
Non-accrual Loans With No Allowance	13,552,000		13,552,000		26,378,000
Non-accrual loans	29,678,000		29,678,000		47,312,000
Interest Income Recognized	$ 1,224,000	$ 1,410,000	$ 4,165,000	$ 4,196,000
Number of loan relationships	3		3
Decrease in non-accrual status loans			$ 17,600,000
Number of non-accrual loan additions during the period | item			1
Amount of non-accrual loans increase during the period, including loans previously categorized			$ 2,700,000
Commercial real estate | Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	$ 1,171,000		1,171,000		413,000
Non-accrual Loans With No Allowance	95,000		95,000		1,853,000
Non-accrual loans	1,266,000		1,266,000		2,266,000
Interest Income Recognized	265,000	76,000	422,000	204,000
Decrease in non-accrual status loans			1,000,000
Commercial real estate | Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	3,469,000		3,469,000		3,058,000
Non-accrual Loans With No Allowance					1,277,000
Non-accrual loans	3,469,000		3,469,000		4,335,000
Interest Income Recognized	88,000	345,000	505,000	574,000
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	10,745,000		10,745,000		16,536,000
Non-accrual Loans With No Allowance	1,333,000		1,333,000		5,942,000
Non-accrual loans	12,078,000		12,078,000		22,478,000
Interest Income Recognized	303,000	179,000	930,000	653,000
Decrease in non-accrual status loans			10,400,000
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	7,000	13,000	22,000	48,000
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	724,000		724,000		902,000
Non-accrual Loans With No Allowance	12,124,000		12,124,000		17,306,000
Non-accrual loans	12,848,000		12,848,000		18,208,000
Interest Income Recognized	561,000	796,000	2,286,000	2,837,000
Decrease in non-accrual status loans			5,400,000
1 - 4 family residential | Secured by Residential Properties [Member]
Non-accrual loans
Non-accrual loans held for sale	4,100,000		4,100,000		2,900,000
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	16,000		16,000		23,000
Non-accrual loans	$ 16,000		$ 16,000		$ 23,000
Interest Income Recognized		$ 1,000		$ (120,000)

Loans Held for Investment - TDR

Loans Held for Investment - TDRs (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan
TDRs, Non-covered loans
Number of TDR loans granted | loan	0	0	3	1
TDR at extension			$ 3,600,000	$ 700,000
TDR modifications, end of period			2,900,000
Unadvanced commitments to borrowers	$ 0		$ 0
TDR with payment at least 30 days past due				$ 100,000
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan			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	Sep. 30, 2022	Dec. 31, 2021
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 7,944,246	$ 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	7,761	10,477
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,446	3,725
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	13,625	21,950
Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	22,832	36,152
Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,921,414	7,843,752
Prime Lending
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Repurchase under a forbearance agreement	49,000
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	96,400	60,700
Unpaid principal balance loans past due 90 days or more	96,900	61,700
Commercial real estate
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,313,911	3,042,729
Commercial real estate | Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,954,231	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	234	1,173
Commercial real estate | Non-owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	234	1,290
Commercial real estate | Non-owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,953,997	1,728,409
Commercial real estate | Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,359,680	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	329	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		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		2,273
Commercial real estate | Owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	329	3,551
Commercial real estate | Owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,359,351	1,309,479
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,668,209	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	3,597	1,059
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8	277
Commercial and industrial | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,329	13,640
Commercial and industrial | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	11,934	14,976
Commercial and industrial | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,656,275	1,860,444
Construction and Land Development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	934,915	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	1	946
Construction and Land Development | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1	946
Construction and Land Development | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	934,914	891,837
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,595,270	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	3,687	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	1,431	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	5,046	4,842
1 - 4 family residential | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10,164	15,222
1 - 4 family residential | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,585,106	1,288,208
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	29,439	32,349
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	147	123
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7	22
Consumer | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	16	22
Consumer | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	170	167
Consumer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	29,269	32,182
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	402,502	733,193
Broker-dealer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 402,502	$ 733,193

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Internal risk grades of non-covered loans
2022	$ 1,936,212
2021	2,330,570
2020	921,795
2019	446,184
2018	355,208
2017 and Prior	475,518
Revolving	843,220
Total loans with credit quality measures	7,308,707
Total	7,944,246	$ 7,879,904
Commercial real estate
Internal risk grades of non-covered loans
Total	3,313,911	3,042,729
Commercial real estate | Non-owner occupied
Internal risk grades of non-covered loans
Total	1,954,231	1,729,699
Commercial real estate | Non-owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	47,140
2021	76,592
2020	20,521
2019	8,044
2018	4,779
2017 and Prior	8,142
Revolving	1
Total loans with credit quality measures	165,219
Commercial real estate | Non-owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	341,269
2021	339,862
2020	121,299
2019	80,514
2018	46,457
2017 and Prior	56,121
Revolving	47,443
Total loans with credit quality measures	1,032,965
Commercial real estate | Non-owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	82,184
2021	138,346
2020	182,165
2019	82,786
2018	67,328
2017 and Prior	83,882
Revolving	11,821
Total loans with credit quality measures	648,512
Commercial real estate | Non-owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	78,037
2021	14,543
2020	1,637
2019	8,133
2017 and Prior	3,546
Revolving	373
Total loans with credit quality measures	106,269
Commercial real estate | Non-owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2021	399
2017 and Prior	867
Total loans with credit quality measures	1,266
Commercial real estate | Owner occupied
Internal risk grades of non-covered loans
Total	1,359,680	1,313,030
Commercial real estate | Owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	21,049
2021	113,747
2020	65,252
2019	22,938
2018	12,294
2017 and Prior	64,781
Revolving	5,977
Total loans with credit quality measures	306,038
Commercial real estate | Owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	162,232
2021	189,775
2020	87,189
2019	81,957
2018	88,019
2017 and Prior	61,081
Revolving	15,966
Total loans with credit quality measures	686,219
Commercial real estate | Owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	56,849
2021	66,290
2020	87,346
2019	29,326
2018	64,755
2017 and Prior	27,447
Revolving	3,200
Total loans with credit quality measures	335,213
Commercial real estate | Owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	4,143
2021	430
2020	6,042
2019	2,847
2018	3,425
2017 and Prior	11,854
Total loans with credit quality measures	28,741
Commercial real estate | Owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2022	14
2021	868
2019	(4)
2018	330
2017 and Prior	2,261
Total loans with credit quality measures	3,469
Commercial and industrial
Internal risk grades of non-covered loans
Total	1,668,209	1,875,420
Commercial and industrial | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	29,353
2021	27,282
2020	26,549
2019	6,945
2018	1,994
2017 and Prior	2,313
Revolving	50,244
Total loans with credit quality measures	144,680
Commercial and industrial | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	135,610
2021	142,831
2020	51,782
2019	29,790
2018	10,412
2017 and Prior	16,103
Revolving	349,402
Total loans with credit quality measures	735,930
Commercial and industrial | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	88,284
2021	67,652
2020	53,440
2019	18,638
2018	3,141
2017 and Prior	7,918
Revolving	274,261
Total loans with credit quality measures	513,334
Commercial and industrial | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2022	86
2019	453
Revolving	2,654
Total loans with credit quality measures	3,193
Commercial and industrial | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	671
2021	2,972
2020	7,150
2019	3,839
2018	3,917
2017 and Prior	3,160
Revolving	4,248
Total loans with credit quality measures	25,957
Commercial and industrial | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2022	308
2021	85
2020	7,882
2018	3,500
2017 and Prior	303
Total loans with credit quality measures	12,078
Commercial and industrial | Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	223,028
Commercial and industrial | Loans Funded Through Paycheck Protection Program
Internal risk grades of non-covered loans
Loans without credit quality measures	1,097
Total	1,100	77,700
Commercial and industrial | Loans Accounted At Fair Value
Internal risk grades of non-covered loans
Loans without credit quality measures	8,912
Construction and Land Development
Internal risk grades of non-covered loans
Total	934,915	892,783
Construction and Land Development | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	781
2021	223
2018	981
Total loans with credit quality measures	1,985
Construction and Land Development | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	14,969
2021	3,933
2020	54
Total loans with credit quality measures	18,956
Construction and Land Development | Other.
Internal risk grades of non-covered loans
2022	4,198
Total loans with credit quality measures	4,198
Construction and Land Development | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2022	12,673
2021	15,535
2020	1,341
2019	889
2018	1,047
2017 and Prior	2,984
Revolving	1
Total loans with credit quality measures	34,470
Construction and Land Development | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2022	272,658
2021	210,391
2020	63,325
2019	13,191
2018	3,252
2017 and Prior	1,947
Revolving	48,263
Total loans with credit quality measures	613,027
Construction and Land Development | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2022	148,054
2021	74,383
2020	16,404
2019	325
2017 and Prior	1,479
Revolving	15,352
Total loans with credit quality measures	255,997
Construction and Land Development | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2022	1,019
2017 and Prior	5,262
Total loans with credit quality measures	6,281
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	1,595,270	1,303,430
1 - 4 family residential | FICO Score, Less than 620
Internal risk grades of non-covered loans
2022	1,184
2021	733
2020	779
2019	541
2018	3,538
2017 and Prior	21,699
Revolving	266
Total loans with credit quality measures	28,740
1 - 4 family residential | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	6,077
2021	13,805
2020	8,530
2019	5,265
2018	6,013
2017 and Prior	26,482
Revolving	3,705
Total loans with credit quality measures	69,877
1 - 4 family residential | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	334,135
2021	806,223
2020	109,048
2019	46,361
2018	29,057
2017 and Prior	48,786
Revolving	3,171
Total loans with credit quality measures	1,376,781
1 - 4 family residential | Substandard non-accrual
Internal risk grades of non-covered loans
2020	(1)
2018	260
2017 and Prior	12,589
Total loans with credit quality measures	12,848
1 - 4 family residential | Other.
Internal risk grades of non-covered loans
2022	78,521
2021	18,571
2020	1,616
2019	2,403
2018	577
2017 and Prior	4,082
Revolving	1,254
Total loans with credit quality measures	107,024
Consumer
Internal risk grades of non-covered loans
Total	29,439	32,349
Consumer | FICO Score, Less than 620
Internal risk grades of non-covered loans
2022	1,349
2021	332
2020	123
2019	48
2018	7
2017 and Prior	15
Revolving	351
Total loans with credit quality measures	2,225
Consumer | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2022	3,226
2021	1,736
2020	575
2019	453
2018	35
2017 and Prior	378
Revolving	1,923
Total loans with credit quality measures	8,326
Consumer | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2022	5,843
2021	1,705
2020	1,283
2019	413
2018	85
2017 and Prior	1
Revolving	3,201
Total loans with credit quality measures	12,531
Consumer | Substandard non-accrual
Internal risk grades of non-covered loans
2017 and Prior	16
Total loans with credit quality measures	16
Consumer | Other.
Internal risk grades of non-covered loans
2022	4,296
2021	1,326
2020	464
2019	89
2018	5
2017 and Prior	18
Revolving	143
Total loans with credit quality measures	6,341
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	402,502
Total	$ 402,502	$ 733,193

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for Credit Losses
Available for sale debt securities past due	$ 0		$ 0
Provision (reversal) in allowance on individually evaluated loans	(0.2)	$ 5.2	(1.2)	$ 5.6
Provision (reversal) in allowance on collectively evaluated loans	(0.5)	(11)	5.9	(45.2)
Net charge-offs	$ 2.7		$ 4.2
Net recoveries		$ 0.1		$ 0.1

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 95,298	$ 115,269	$ 91,352	$ 149,044
Provision for (Reversal of) Credit Losses	(780)	(5,819)	4,671	(39,648)
Loans Charged Off	(3,259)	(601)	(6,620)	(2,522)
Recoveries on Charged Off Loans	524	663	2,380	2,638
Balance, End of Period	91,783	109,512	91,783	109,512
Commercial real estate
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	63,719	77,633	59,354	109,629
Provision for (Reversal of) Credit Losses	(560)	(8,993)	3,762	(41,037)
Loans Charged Off		(124)		(310)
Recoveries on Charged Off Loans	41	19	84	253
Balance, End of Period	63,200	68,535	63,200	68,535
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	19,836	27,866	21,982	27,703
Provision for (Reversal of) Credit Losses	(1,002)	2,398	(1,681)	2,848
Loans Charged Off	(3,096)	(317)	(6,197)	(1,738)
Recoveries on Charged Off Loans	370	598	2,004	1,732
Balance, End of Period	16,108	30,545	16,108	30,545
Construction and Land Development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	4,996	5,185	4,674	6,677
Provision for (Reversal of) Credit Losses	(228)	(85)	94	(1,577)
Balance, End of Period	4,768	5,100	4,768	5,100
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	5,554	3,659	4,589	3,946
Provision for (Reversal of) Credit Losses	1,049	946	2,014	358
Loans Charged Off	(14)	(87)	(62)	(248)
Recoveries on Charged Off Loans	23	20	71	482
Balance, End of Period	6,612	4,538	6,612	4,538
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	542	592	578	876
Provision for (Reversal of) Credit Losses	91	(41)	136	(317)
Loans Charged Off	(149)	(73)	(361)	(226)
Recoveries on Charged Off Loans	90	26	221	171
Balance, End of Period	574	504	574	504
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	651	334	175	213
Provision for (Reversal of) Credit Losses	(130)	(44)	346	77
Balance, End of Period	$ 521	$ 290	$ 521	$ 290

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 6,931	$ 7,981	$ 5,880	$ 8,388
Other noninterest expense	87	(1,183)	1,138	(1,590)
Balance, end of period	$ 7,018	$ 6,798	$ 7,018	$ 6,798

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Change in fair value of mortgage servicing rights
Balance, beginning of year			$ 86,990
Balance, end of year	$ 156,539		156,539		$ 86,990
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	121,688	$ 124,497	86,990	$ 143,742	143,742
Additions	29,340	20,252	47,850	70,368
Sales		(31,366)	(1,876)	(116,000)
Changes in fair value: Due to changes in model inputs or assumptions	7,942	3,525	32,035	32,199
Changes in fair value: Due to customer payoffs	(2,431)	(5,977)	(8,460)	(19,378)
Balance, end of year	156,539	110,931	156,539	110,931	86,990
Mortgage loans serviced for others	$ 8,277,325		$ 8,277,325		$ 6,355,927
MSR asset as a percentage of serviced mortgage loans	1.89%		1.89%		1.37%
Mortgage servicing assets adjustment, fair value		$ 3,300		$ 22,200
Key Assumptions
Weighted average constant prepayment rate (as a percent)			8.06%		10.02%
Weighted average discount rate (as a percent)			12.09%		14.32%
Weighted average life (in years)			8 years 4 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Mortgage Servicing Rights
Constant prepayment rate: Impact of 10% adverse change	$ (3,027)		$ (3,027)		$ (2,603)
Constant prepayment rate: Impact of 20% adverse change	(5,869)		(5,869)		(5,315)
Discount rate: Impact of 10% adverse change	(4,439)		(4,439)		(4,070)
Discount rate: Impact of 20% adverse change	(8,466)		(8,466)		$ (7,753)
Contractually specified servicing fees, late fees and ancillary fees	$ 9,900	$ 15,600	$ 27,300	$ 47,900

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits
Noninterest-bearing demand	$ 4,546,816	$ 4,577,183
Interest-bearing:
Demand accounts	3,456,342	3,270,522
Brokered - demand	5,631	114,393
Money market	2,149,812	3,433,341
Brokered - money market	8,717	98,614
Savings	316,788	345,795
Time	852,431	962,752
Brokered - time	15,477	15,477
Total deposits	11,352,014	$ 12,818,077
Time deposits that meet or exceed FDIC insurance limit	$ 358,200

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Short-term borrowings
Short-term borrowings	$ 942,309		$ 942,309		$ 859,444
Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate on short-term bank loan borrowings (as a percent)	4.25%		4.25%
Federal funds purchased
Short-term borrowings
Short-term borrowings	$ 439,200		$ 439,200		171,925
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	302,299		302,299		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	7,000		$ 7,000		142,000
Commercial paper
Short-term borrowings
Short-term borrowings	$ 193,810		$ 193,810		$ 353,972
Number of commercial paper programs initiated | item			2
Weighted average maturity term			145 days
Weighted average interest rate on short-term bank loan borrowings (as a percent)	3.16%		3.16%
Weighted average remaining life			59 days
Debt instrument, collateral	$ 213,100		$ 213,100
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			$ 530,180	$ 328,853
Average interest rate during the period			1.36%	0.37%
Average interest rate at end of period (as a percent)	2.91%		2.91%		0.31%
Securities underlying the agreements at end of period: Carrying value	$ 343,655		$ 343,655		$ 191,483
Securities underlying the agreements at end of period: Estimated fair value	$ 362,237		$ 362,237		$ 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	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument
Notes payable	$ 390,354	$ 387,904
Senior Notes due April 2025
Debt Instrument
Notes payable	149,253	149,114
Unamortized discount	746	886
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,366	49,296
Unamortized discount	634	704
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	147,916	147,780
Unamortized discount	2,084	2,220
Ventures Management lines of credit
Debt Instrument
Notes payable	$ 43,819	$ 41,714

Lease - Supplemental balance sh

Lease - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(5,800)	(5,358)
Premises and equipment, net	$ 1,980	$ 2,422

Lease - Components of lease cos

Lease - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of operating lease costs
Operating lease cost	$ 9,121	$ 9,727	$ 28,078	$ 29,130
Less operating lease and sublease income	(633)	(343)	(1,762)	(1,024)
Net operating lease cost	8,488	9,384	26,316	28,106
Amortization of ROU assets	147	147	442	442
Interest on lease liabilities	118	129	363	396
Total finance lease cost	$ 265	$ 276	$ 805	$ 838

Lease - Supplemental cash flow

Lease - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases
Operating cash flows from operating leases	$ 27,387	$ 28,160
Operating cash flows from finance leases	366	396
Financing cash flows from finance leases	563	509
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 12,336	$ 37,086

Lease - Lease terms and discoun

Lease - Lease terms and discount rates (Details)	Sep. 30, 2022	Dec. 31, 2021
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 7 months 6 days	5 years 10 months 24 days
Finance - Weighted Average Remaining Lease Term (Years)	4 years 1 month 6 days	4 years 9 months 18 days
Operating - Weighted Average Discount Rate	3.85%	3.89%
Finance - Weighted Average Discount Rate	4.88%	4.84%

Lease - Lease maturities (Detai

Lease - Lease maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating leases maturities
2022	$ 1,462
2023	33,554
2024	25,309
2025	18,642
2026	15,050
Thereafter	40,636
Total minimum lease payments	134,653
Less amount representing interest	(14,018)
Lease liabilities	120,635	$ 130,960
Finance Leases maturities:
2022	312
2023	1,280
2024	1,163
2025	886
2026	813
Thereafter	598
Total minimum lease payments	5,052
Less amount representing interest	(1,448)
Lease liabilities	$ 3,604
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	Sep. 30, 2022 USD ($)
Leases
Additional operating leases that have not yet commenced	$ 0.1
Expected to commence	5 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes
Effective income tax rate (as a percent)	21.80%	22.80%	22.70%	23.20%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 08, 2022	Dec. 31, 2021
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	$ 28,715	$ 32,763	$ 31,407	$ 30,085
Claims made	14,247	5,412	42,305	19,100
Claims resolved with no payment	(4,378)	(4,217)	(12,352)	(9,088)
Repurchases	(11,320)	(3,981)	(34,096)	(9,238)
Indemnification payments		(267)		(1,149)
Balance, end of period	27,264	29,710	27,264	29,710
Reserve for Indemnification Liability:
Total	27,264	29,710	27,264	29,710		$ 31,407
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses	100	2,500	1,300	8,000
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	23,750	26,372	27,424	21,531
Additions for new sales	608	2,702	2,123	8,568
Repurchases	(1,591)	(2,687)	(6,367)	(3,086)
Early payment defaults	(90)	(116)	(212)	(152)
Indemnification payments		(78)		(342)
Change in reserves for loans sold in prior years	(553)	(220)	(844)	(546)
Balance, end of period	22,124	25,973	22,124	25,973
Reserve for Indemnification Liability:
Specific claims	394		394			345
Incurred but not reported claims	21,730		21,730			27,079
Total	$ 22,124	$ 25,973	$ 22,124	$ 25,973		$ 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	Sep. 30, 2022 USD ($)
Commitments to Extend Credit
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	$ 100.3

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
2020 Plan | Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	16,501	12,957

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Number of shares outstanding
Balance at the beginning of the period ( in shares) | shares	1,869
Granted (in shares) | shares	548
Vested/Released (in shares) | shares	(614)
Forfeited (in shares) | shares	(136)
Balance at the end of the period ( in shares) | shares	1,667
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	33.25
Vested/Released (in dollars per share) | $ / shares	19.30
Forfeited (in dollars per share) | $ / shares	24.50
Balance at the end of the period (in dollars per share) | $ / shares	$ 27.79

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	135,249
Number of shares awarded (in shares)	548,000
Number of awards subject to time-based vesting (in shares)	1,259,181
Number of awards vesting upon achievement of performance goals (in shares)	408,458
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense | $	$ 22
Weighted average period for unrecognized compensation expense (in years)	1 year 2 months 19 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	474,985
Number of awards subject to time-based vesting (in shares)	327,377
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	9 Months Ended
	Sep. 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	$ 1,404,288	$ 1,469,695
Actual Ratio	0.1029	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	$ 1,404,288	$ 1,469,695
Actual Ratio	0.1468	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	$ 1,404,288	$ 1,469,695
Actual Ratio	0.1468	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	$ 1,486,989	$ 1,540,100
Actual Ratio	0.1554	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	$ 1,881,289	$ 2,262,356
Actual Ratio	0.1141	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	$ 1,881,289	$ 2,262,356
Actual Ratio	0.1745	0.2122
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,881,289	$ 2,262,356
Actual Ratio	0.1745	0.2122
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,163,815	$ 2,532,008
Actual Ratio	0.2007	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	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 109,358	$ 221,740	$ 269,506
Hilltop Securities
Net Capital
Net capital	198,954
Less required net capital	9,313
Excess net capital	$ 189,641
Net capital as a percentage of aggregate debit items	42.70%
Net capital in excess of 5% aggregate debt items	$ 175,672
Momentum Independent Network
Net Capital
Net capital	3,842
Less required net capital	250
Excess net capital	3,592
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 109,400	$ 221,700

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		9 Months Ended
	Oct. 20, 2022	May 27, 2022	May 02, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jan. 31, 2022
Stock repurchase program
Cash dividends declared per common share	$ 0.15			$ 0.15	$ 0.12	$ 0.45	$ 0.36
Cash dividends paid						$ 33,500	$ 29,500
Repurchase common stock authorized amount								$ 100,000
Payments to repurchase shares						$ 442,336	$ 123,631
Shares available for repurchase				0		0
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

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Not Designated as Hedging Instrument | Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	$ 2,276	$ 780	$ (10,975)	$ 555
Not Designated as Hedging Instrument | Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	14,240	11,427	23,819	(3,845)
Not Designated as Hedging Instrument | Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	7	$ 7	53	$ 26
Not Designated as Hedging Instrument | PrimeLending and Hilltop Broker-Dealers | Other Assets
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	11,700		11,700		$ 4,200
Interest Rate Lock Commitments | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,131,664		1,131,664		1,283,152
Estimated Fair Value	(16,729)		(16,729)		25,489
Commitments to Purchase MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,353,969		1,353,969		1,575,264
Estimated Fair Value	(27,946)		(27,946)		(674)
Commitments to Sell MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	3,150,790		3,150,790		3,314,173
Estimated Fair Value	71,201		71,201		(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	100		100		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	56,300		56,300
Interest rate swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	36,317		36,317		68,413
Estimated Fair Value	2,976		2,976		(1,949)
Interest rate swaps | Designated as hedges
Derivative financial instruments
Available for sale securities and loans held for investment	296,000		296,000		218,000
Interest rate swaps | Cash Flow Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	415,000		415,000		190,000
Estimated Fair Value	22,675		22,675		603
Interest rate swaps | Fair Value Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	340,323		340,323		221,232
Estimated Fair Value	44,322		44,322		3,207
Cumulative adjustment in available for sale securities and loans held for investment	44,300		44,300		3,200
U.S. Treasury bond futures and options | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	274,000		274,000		247,800
Eurodollar and other futures | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,964,000		2,964,000		2,061,800
Credit default swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,000		1,000		7,000
Estimated Fair Value	$ 5		$ 5		$ (15)

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 145,365	$ 118,262
Total
Gross Amounts of Recognized Assets	1,403,484	1,639,589
Gross Amounts Offset in the Balance Sheet	(686)	(1,773)
Net Amounts of Assets Presented in the Balance Sheet	1,402,798	1,637,816
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,308,549)	(1,564,596)
Net Amount	94,249	73,220
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,182,934	1,518,372
Net Amounts of Assets Presented in the Balance Sheet	1,182,934	1,518,372
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,126,566)	(1,445,590)
Net Amount	56,368	72,782
Interest rate swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	2,976
Net Amounts of Assets Presented in the Balance Sheet	2,976
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(2,953)
Net Amounts of Assets Presented in the Balance Sheet	23
Credit default swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	5
Net Amounts of Assets Presented in the Balance Sheet	5
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(5)
Net Amounts of Assets Presented in the Balance Sheet	0
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	145,365	118,262
Net Amounts of Assets Presented in the Balance Sheet	145,365	118,262
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(139,187)	(118,262)
Net Amount	6,178	0
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	72,204	2,955
Gross Amounts Offset in the Balance Sheet	(686)	(1,773)
Net Amounts of Assets Presented in the Balance Sheet	71,518	1,182
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(39,838)	(744)
Net Amounts of Assets Presented in the Balance Sheet	$ 31,680	$ 438

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Total
Gross Amounts of Recognized Liabilities	$ 1,402,702	$ 1,627,854
Net Amounts of Liabilities Presented in the Balance Sheet	1,402,702	1,627,854
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,365,676)	(1,569,729)
Net Amount	37,026	58,125
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,072,408	1,432,196
Net Amounts of Liabilities Presented in the Balance Sheets	1,072,408	1,432,196
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,017,959)	(1,359,850)
Net Amount	54,449	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	302,030	191,483
Net Amounts of Liabilities Presented in the Balance Sheet	302,030	191,483
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(319,453)	(205,734)
Net Amount	(17,423)	(14,251)
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	28,264	2,211
Net Amounts of Liabilities Presented in the Balance Sheet	28,264	2,211
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(28,264)	(2,211)
Net Amount	$ 0
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	9 Months Ended
	Sep. 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	$ 1,374,438	$ 1,623,679
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,374,438	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	$ 1,254,449	1,525,847
Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	53,624
Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	61,715	86,357
Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	4,650	11,475
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	302,030	191,483
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	182,041	93,651
Assets-backed securities | Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	53,624
Assets-backed securities | Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	61,715	86,357
Assets-backed securities | Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	4,650	11,475
Corporate Debt Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	113	113
Corporate Debt Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	113	113
Equity Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,072,295	1,432,083
Equity Securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,072,295	$ 1,432,083

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables:
Securities borrowed	$ 1,182,934	$ 1,518,372
Securities failed to deliver	14,625	5,664
Trades in process of settlement	47,753	144,773
Other	9,740	4,137
Total receivables	1,255,052	1,672,946
Payables:
Securities loaned	1,072,408	1,432,196
Correspondents	20,700	20,571
Securities failed to receive	78,316	18,808
Other	4,732	5,725
Total Payables	$ 1,176,156	$ 1,477,300

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment item	Sep. 30, 2021 USD ($)	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)	$ 123,486	$ 105,090	$ 335,533	$ 318,688
Provision for (reversal of) credit losses	(780)	(5,819)	4,671	(39,648)
Noninterest income	206,975	367,945	662,676	1,125,429
Noninterest expense	288,738	355,174	873,631	1,065,204
Income before income taxes	42,503	123,680	119,907	418,561
Goodwill	267,447		267,447		$ 267,447
Total assets	16,615,291		16,615,291		18,689,080
Operating Segments | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	110,939	99,978	304,269	309,330
Provision for (reversal of) credit losses	(650)	(5,775)	4,325	(39,725)
Noninterest income	12,200	11,727	37,438	33,293
Noninterest expense	60,160	54,567	175,921	167,869
Income before income taxes	63,629	62,913	161,461	214,479
Goodwill	247,368		247,368		247,368
Total assets	13,455,679		13,455,679		14,944,249
Operating Segments | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	13,386	10,427	37,481	31,623
Provision for (reversal of) credit losses	(130)	(44)	346	77
Noninterest income	100,798	116,143	249,139	298,229
Noninterest expense	96,843	109,193	268,307	287,831
Income before income taxes	17,471	17,421	17,967	41,944
Goodwill	7,008		7,008		7,008
Total assets	2,866,990		2,866,990		3,673,346
Operating Segments | Mortgage Origination Segment
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(2,939)	(3,503)	(6,066)	(16,554)
Noninterest income	98,200	242,270	381,477	794,679
Noninterest expense	118,345	176,587	386,372	573,884
Income before income taxes	(23,084)	62,180	(10,961)	204,241
Goodwill	13,071		13,071		13,071
Total assets	1,405,712		1,405,712		2,207,822
Operating Segments | Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(3,276)	(4,341)	(9,856)	(13,720)
Noninterest income	1,809	757	5,655	8,140
Noninterest expense	14,034	15,355	44,388	37,015
Income before income taxes	(15,501)	(18,939)	(48,589)	(42,595)
Total assets	2,453,933		2,453,933		2,940,670
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	5,376	2,529	9,705	8,009
Noninterest income	(6,032)	(2,952)	(11,033)	(8,912)
Noninterest expense	(644)	(528)	(1,357)	(1,395)
Income before income taxes	(12)	$ 105	29	$ 492
Total assets	$ (3,567,023)		$ (3,567,023)		$ (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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic earnings per share:
Income attributable to Hilltop	$ 32,068	$ 92,906	$ 87,578	$ 312,310
Weighted average shares outstanding - basic	64,552	80,109	72,400	81,306
Basic earnings per common share (in dollars per share)	$ 0.50	$ 1.16	$ 1.21	$ 3.84
Diluted earnings per share:
Income attributable to Hilltop	$ 32,068	$ 92,906	$ 87,578	$ 312,310
Weighted average shares outstanding - basic	64,552	80,109	72,400	81,306
Effect of potentially dilutive securities (in shares)	117	433	157	457
Weighted average shares outstanding - diluted	64,669	80,542	72,557	81,763
Diluted earnings per common share (in dollars per share)	$ 0.50	$ 1.15	$ 1.21	$ 3.82