Hilltop (HTH) 10-K 14 Feb 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 12, 2024	Jun. 30, 2023
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HTH
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,470
Entity Common Stock, Shares Outstanding		65,153,092
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	Dallas, Texas
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 1,858,700	$ 1,579,512
Federal funds sold	650	650
Assets segregated for regulatory purposes	57,395	67,737
Securities purchased under agreements to resell	80,011	118,070
Securities:
Trading, at fair value	515,991	755,032
Available for sale, at fair value, net (amortized cost of $1,621,747 and $1,788,557, respectively)	1,507,595	1,658,766
Held to maturity, at amortized cost, net (fair value of $731,858 and $785,335, respectively)	812,677	875,532
Equity, at fair value	321	200
Total securities	2,836,584	3,289,530
Loans held for sale	943,846	982,616
Loans held for investment, net of unearned income	8,079,745	8,092,673
Allowance for credit losses	(111,413)	(95,442)
Loans held for investment, net	7,968,332	7,997,231
Broker-dealer and clearing organization receivables	1,573,931	1,038,055
Premises and equipment, net	168,856	184,950
Operating lease right-of-use assets	88,580	102,443
Mortgage servicing rights	96,662	100,825
Other assets	517,545	518,899
Goodwill	267,447	267,447
Other intangible assets, net	8,457	11,317
Total assets	16,466,996	16,259,282
Deposits:
Noninterest-bearing	3,007,101	3,968,862
Interest-bearing	8,056,091	7,346,887
Total deposits	11,063,192	11,315,749
Broker-dealer and clearing organization payables	1,430,734	966,470
Short-term borrowings	900,038	970,056
Securities sold, not yet purchased, at fair value	34,872	53,023
Notes payable	347,145	346,654
Operating lease liabilities	109,002	126,759
Other liabilities	431,684	417,042
Total liabilities	14,316,667	14,195,753
Commitments and contingencies (see Notes 18 and 19)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 65,153,092 and 64,684,625 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	652	647
Additional paid-in capital	1,054,662	1,046,331
Accumulated other comprehensive loss	(121,505)	(133,531)
Retained earnings	1,189,222	1,123,636
Deferred compensation employee stock trust, net	228	481
Employee stock trust (10,290 and 22,566 shares, at cost, at December 31, 2023 and December 31, 2022, respectively)	(292)	(640)
Total Hilltop stockholders' equity	2,122,967	2,036,924
Noncontrolling interests	27,362	26,605
Total stockholders' equity	2,150,329	2,063,529
Total liabilities and stockholders' equity	$ 16,466,996	$ 16,259,282

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,621,747	$ 1,788,557
Held to maturity, Fair Value	$ 731,858	$ 785,335
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	65,153,092	64,684,625
Common stock, shares outstanding	65,153,092	64,684,625
Employee stock trust, shares	10,290	22,566

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans, including fees	$ 542,274	$ 416,207	$ 404,312
Securities borrowed	71,924	44,414	61,667
Securities:
Taxable	108,250	75,805	47,633
Tax-exempt	10,763	10,013	9,766
Other	105,164	44,677	6,595
Total interest income	838,375	591,116	529,973
Interest expense:
Deposits	223,179	50,412	23,624
Securities loaned	65,175	38,570	50,974
Short-term borrowings	57,857	20,893	9,065
Notes payable	15,448	16,141	21,386
Junior subordinated debentures			1,558
Other	9,869	6,125	384
Total interest expense	371,528	132,141	106,991
Net interest income	466,847	458,975	422,982
Provision for (reversal of) credit losses	18,392	8,309	(58,213)
Net interest income after provision for (reversal of) credit losses	448,455	450,666	481,195
Noninterest income:
Net gains from sale of loans and other mortgage production income	172,150	302,384	825,960
Mortgage loan origination fees	144,539	149,598	160,011
Securities commissions and fees	121,875	139,122	143,827
Investment and securities advisory fees and commissions	134,327	127,399	152,443
Other	156,082	113,957	128,034
Total noninterest income	728,973	832,460	1,410,275
Noninterest expense:
Employees' compensation and benefits	678,310	773,688	1,007,235
Occupancy and equipment, net	89,326	97,115	100,602
Professional services	49,100	48,495	54,270
Other	211,573	207,701	225,291
Total noninterest expense	1,028,309	1,126,999	1,387,398
Income before income taxes	149,119	156,127	504,072
Income tax expense	31,140	36,833	117,976
Net income	117,979	119,294	386,096
Less: Net income attributable to noncontrolling interest	8,333	6,160	11,601
Income attributable to Hilltop	$ 109,646	$ 113,134	$ 374,495
Earnings per common share:
Basic (in dollars per share)	$ 1.69	$ 1.61	$ 4.64
Diluted (in dollars per share)	$ 1.69	$ 1.60	$ 4.61
Weighted average share information:
Basic (in shares)	65,043	70,434	80,708
Diluted (in shares)	65,045	70,626	81,173

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 117,979	$ 119,294	$ 386,096
Other comprehensive income (loss):
Change in fair value of cash flow hedges, net taxes of $(1,734), $4,874, and $849, respectively	(5,691)	16,226	6,205
Net unrealized gains (losses) on securities available-for-sale, net taxes of $3,762, $(25,809), and $(10,146), respectively	11,872	(89,136)	(34,115)
Reclassification adjustment for gains (losses) included in net income, net taxes of $1, $3, and $(21), respectively	4	10	(72)
Adjustment for unrealized losses on securities transferred from available-for sale to held-to-maturity, net taxes of $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 $1,755, $1,886 and $0, respectively	5,841	6,278
Comprehensive income (loss)	130,005	(4,018)	358,114
Less: comprehensive income attributable to noncontrolling interest	8,333	6,160	11,601
Comprehensive income (loss) applicable to Hilltop	$ 121,672	$ (10,178)	$ 346,513

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Cash flow hedge, tax	$ (1,734)	$ 4,874	$ 849
Net unrealized gains (losses) on securities available for sale, tax	3,762	(25,809)	(10,146)
Reclassification adjustment, tax	1	3	(21)
Adjustment for unrealized losses on securities	0	(17,033)	0
Amortization of unrealized losses on securities	$ 1,755	$ 1,886	$ 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 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	374,495				374,495			11,601	386,096
Other comprehensive income (loss)	(27,982)			(27,982)					(27,982)
Stock-based compensation expense	16,927		16,927						16,927
Common stock issued to board members	602		602						602
Common stock issued to board members (in shares)		17
Issuance of common stock related to share-based awards, net	(2,708)	$ 3	(2,711)						(2,708)
Issuance of common stock related to share-based awards, net (in shares)		396
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	(38,978)				(38,978)				(38,978)
Deferred compensation plan	4					(19)	$ 23		4
Deferred compensation plan (in shares)							(1)
Net cash contributed to noncontrolling interest								(11,774)	(11,774)
Balance at Dec. 31, 2021	2,522,668	$ 790	1,274,446	(10,219)	1,257,014	752	$ (115)	26,535	2,549,203
Balance (in shares) at Dec. 31, 2021		78,965					6
Increase (Decrease) in Stockholders' Equity
Net income	113,134				113,134			6,160	119,294
Other comprehensive income (loss)	(123,312)			(123,312)					(123,312)
Stock-based compensation expense	15,027		15,027						15,027
Common stock issued to board members	599		599						599
Common stock issued to board members (in shares)		22
Issuance of common stock related to share-based awards, net	(5,097)	$ 5	(5,102)						(5,097)
Issuance of common stock related to share-based awards, net (in shares)		567
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	(42,963)				(42,963)				(42,963)
Deferred compensation plan	(796)					(271)	$ (525)		(796)
Deferred compensation plan (in shares)							17
Net cash contributed to noncontrolling interest								(6,090)	(6,090)
Balance at Dec. 31, 2022	2,036,924	$ 647	1,046,331	(133,531)	1,123,636	481	$ (640)	26,605	2,063,529
Balance (in shares) at Dec. 31, 2022		64,685					23
Increase (Decrease) in Stockholders' Equity
Net income	109,646				109,646			8,333	117,979
Other comprehensive income (loss)	12,026			12,026					12,026
Stock-based compensation expense	14,967		14,967						14,967
Common stock issued to board members	548		548						548
Common stock issued to board members (in shares)		17
Issuance of common stock related to share-based awards, net	(4,535)	$ 7	(4,542)						(4,535)
Issuance of common stock related to share-based awards, net (in shares)		616
Repurchases of common stock	(5,100)	$ (2)	(2,642)		(2,456)				(5,100)
Repurchases of common stock (in shares)		(165)
Dividends on common stock	(41,604)				(41,604)				(41,604)
Deferred compensation plan	95					(253)	$ 348		95
Deferred compensation plan (in shares)							(13)
Net cash contributed to noncontrolling interest								(7,576)	(7,576)
Balance at Dec. 31, 2023	$ 2,122,967	$ 652	$ 1,054,662	$ (121,505)	$ 1,189,222	$ 228	$ (292)	$ 27,362	$ 2,150,329
Balance (in shares) at Dec. 31, 2023		65,153					10

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.64	$ 0.60	$ 0.48

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities
Net income	$ 117,979	$ 119,294	$ 386,096
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (reversal of) credit losses	18,392	8,309	(58,213)
Depreciation, amortization and accretion, net	19,630	32,625	24,628
Equity in undistributed earnings of merchant banking subsidiaries	(9,062)	(3,486)	1,210
Deferred income taxes	7,004	8,184	(7,077)
Other, net	14,185	15,257	18,580
Net change in securities purchased under agreements to resell	38,059	192	(37,943)
Net change in trading securities	239,041	(107,034)	46,257
Net change in broker-dealer and clearing organization receivables	(448,825)	936,861	(564,404)
Net change in other assets	25,016	(7,134)	1,975
Net change in broker-dealer and clearing organization payables	413,622	(734,242)	129,495
Net change in other liabilities	(2,942)	54,123	(212,408)
Net change in securities sold, not yet purchased	(18,151)	(43,563)	16,797
Proceeds from sale of mortgage servicing rights asset	19,055	65,108	142,558
Change in valuation of mortgage servicing rights asset	12,467	(21,969)	(7,373)
Net gains from sales of loans	(172,150)	(302,384)	(825,960)
Loans originated for sale	(9,485,477)	(14,214,874)	(26,933,574)
Proceeds from loans sold	9,655,180	15,384,181	28,644,978
Net cash provided by operating activities	443,023	1,189,448	765,622
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	68,882	95,603	43,695
Proceeds from sales, maturities and principal reductions of securities available for sale	249,520	329,558	621,984
Purchases of securities held to maturity		(13,180)
Purchases of securities available for sale	(65,165)	(768,461)	(1,343,763)
Purchases of equity securities	(19,914)	(30)
Net change in loans held for investment	(71,419)	(515,326)	125,315
Purchases of premises and equipment and other assets	(8,488)	(9,798)	(24,751)
Proceeds from sales of premises and equipment and other real estate owned	4,260	4,544	24,353
Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock	662	(212)	(107)
Net cash provided by (used in) investing activities	158,338	(877,302)	(553,274)
Financing Activities
Net change in deposits	(201,915)	(1,278,916)	1,555,190
Net change in short-term borrowings	(70,929)	108,369	163,735
Proceeds from notes payable	490,151	821,570	976,119
Payments on notes payable	(490,151)	(863,284)	(1,037,652)
Payments to repurchase common stock	(5,100)	(442,336)	(123,631)
Dividends paid on common stock	(41,604)	(42,963)	(38,978)
Net cash distributed to noncontrolling interest	(7,576)	(6,090)	(11,774)
Other, net	(5,391)	(5,860)	(3,397)
Net cash used in financing activities	(332,515)	(1,709,510)	1,479,612
Net change in cash, cash equivalents and restricted cash	268,846	(1,397,364)	1,691,960
Cash, cash equivalents and restricted cash, beginning of year	1,647,899	3,045,263	1,353,303
Cash, cash equivalents and restricted cash, end of year	1,916,745	1,647,899	3,045,263
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	357,403	128,414	110,108
Cash paid for income taxes, net of refunds	19,060	15,088	136,183
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	5,638	1,251	3,561
Additions to mortgage servicing rights	$ 27,359	$ 56,974	$ 78,433

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,858,700	$ 1,579,512	$ 2,823,138
Federal funds sold	650	650	385
Assets segregated for regulatory purposes	57,395	67,737	221,740
Total cash, cash equivalents and restricted cash	$ 1,916,745	$ 1,647,899	$ 3,045,263	$ 1,353,303

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	12 Months Ended
	Dec. 31, 2023
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 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 (“SEC”). ​ 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 a controlling 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. ​ 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, Inc. (“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 ​ 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. ​ 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. ​ Acquisition Accounting ​ Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a bargain purchase gain is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized. ​ Securities Purchased Under Agreements to Resell ​ Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts. ​ Securities ​ Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Securities held for resale to facilitate principal transactions with customers are classified as trading and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. The Company reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. ​ Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them until maturity. Debt securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk or other factors related to interest rate and prepayment risk. Debt securities available for sale are carried at fair value. Unrealized holding gains and losses on debt securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and reflect any optionality that may be embedded in the security. ​ Equity securities are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Equity securities that do not have readily determinable fair values are initially recorded at cost and subsequently remeasured when there is (i) an observable transaction involving the same investment, (ii) an observable transaction involving a similar investment from the same issuer or (iii) an impairment. These remeasurements are reflected in the consolidated statements of operations. ​ Allowance for Credit Losses on Available for Sale and Held to Maturity Securities ​ Available for sale debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For available for sale debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not been recorded through an allowance for credit losses, such as declines due to changes in market interest rates, are recorded through other comprehensive income, net of applicable taxes. ​ Allowances for credit losses may result from credit deterioration of the issuer or the collateral underlying the security. In performing an assessment of whether any decline in fair value is due to a credit loss, all relevant information is considered at the individual security level. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount by which the fair value is less than the amortized cost basis. ​ If the Company intends to sell a debt security, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, the debt security is written down to its fair value and the write down is charged against the allowance for credit losses, with any incremental impairment reported in earnings. Reversals of the allowance for credit losses are permitted and should not exceed the allowance amount initially recognized. ​ For debt securities held to maturity, estimated expected credit losses are calculated in a manner like that used for loans held for investment. That is, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. With respect to certain classes of debt securities, primarily U.S. Treasuries, the Company considers the history of credit losses, current conditions and reasonable and supportable forecasts, which may indicate that the expectation that nonpayment of the amortized cost basis is or continues to be zero, even if the U.S. government were to technically default. Therefore, the Company has not recorded expected credit losses for those securities. ​ Loans Held for Sale ​ Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet between 30 and 45 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, both with servicing retained and servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of the Fair Value Option Subsections of the ASC (the “Fair Value Option”). Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In addition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject to repurchase by PrimeLending. When such loans subject to repurchase no longer qualify for sale accounting, they are reported as loans held for sale in the consolidated balance sheets. ​ Loans Held for Investment ​ Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for credit losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. ​ The accrual of interest on credit deteriorated loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. Once placed on non-accrual status, interest income is recognized on a cash basis. Additionally, accretion of purchased discount on non-accrual loans is suspended. ​ The Company follows applicable regulatory guidance when measuring past due status. The Company uses the actual days elapsed since the payment due date of the loan to determine delinquency. In response to the pandemic, the Company allowed modifications, such as payment deferrals for up to 90 days and temporary forbearance, to credit-worthy borrowers who were experiencing temporary hardship due to the effects of the pandemic. These modifications generally met the criteria of the Economic Security Act (“CARES Act”) passed in March 2020. Therefore, the Company did not account for such loan modifications as troubled debt restructurings (“TDRs”) ​ Management defines loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for credit losses. Acquired loans are segregated between those considered to be credit deteriorated and those without credit deterioration at acquisition. To make this determination, management considers such factors as past due status, non-accrual status and credit risk ratings. For acquired performing loans, a lifetime allowance for credit losses is estimated as of the date of acquisition and is recorded through provision for (reversal of) credit losses. The difference between the purchase price and loan receivable is amortized over the remaining life of the loan. ​ Purchased credit deteriorated (“PCD”) loans are loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination. For PCD loans, any non-credit discount or premium related to an acquired pool of PCD loans is allocated to each individual asset within the pool. On the acquisition date, the initial allowance for credit losses measured on a pooled basis is allocated to each individual asset within the pool to allocate any non-credit discount or premium. Credit losses are measured based on unpaid principal balance. A lifetime allowance for credit losses is estimated as of the date of acquisition. The initial allowance for credit losses is added to the purchase price and is considered to be part of the PCD loan amortized cost basis. ​ Allowance for Credit Losses for Loans Held for Investment ​ Credit quality within the loans held for investment portfolio is continuously monitored by management and is reflected within the allowance for credit losses for loans. The allowance for credit losses, or reserve, is an estimate of expected losses over the lifetime of a loan within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment is adjusted by a provision for (reversal of) credit losses, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. ​ The credit loss estimation process involves procedures to appropriately consider the unique characteristics of the Company’s loan portfolio segments, which are further disaggregated into loan classes, the level at which credit risk is monitored. The allowance for credit losses for loans not evaluated for specific reserves is calculated using statistical credit factors, including probabilities of default (“PD”) and loss given default (“LGD”), to the amortized cost of pools of loan exposures with similar risk characteristics over its contractual life, adjusted for prepayments, to arrive at an estimate of expected credit losses. Economic forecasts are applied over the period management believes it can estimate reasonable and supportable forecasts. Reasonable and supportable forecast periods and reversion assumptions to historical data are credit model specific. The Company typically forecasts economic variables over a one ​ Commercial loans that exceed a minimum size scope are underwritten and graded using credit models that leverage national industry default data to score the loans. At the conclusion of the process of underwriting or re-grading a borrower, each borrower (for commercial and industrial loans) or property (for commercial real estate loans) is assigned a PD grade threshold. The valuation methodology of risk rating internal grades is based on the merits of the financial ratios of the borrower or the property. In addition, an LGD grade is determined by the credit models utilizing collateral information provided. A master rating scale effectively "pools" the loans by credit scores and assigns a standard one year PD percentage and an LGD percentage equally for all loans that have a given score. For borrowers or loans that do not meet the minimum balance threshold, an internal scorecard is utilized to approximate the grades derived from the credit models and is mapped to the master rating scale. The resulting numerical PD grade is the credit quality indicator for commercial loans. The grades on borrowers or properties that are scored in the credit models are determined at origination and updated at least annually. The grades on the internal scorecards are updated annually if they meet a minimum threshold, or if new circumstances (favorable or unfavorable) warrant a re-scoring. ​ When computing allowance levels, credit loss assumptions are estimated using models that analyze loans according to credit risk ratings, historic loss experience, past due status and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. Future factors and forecasts may result in significant changes in the allowance and provision (reversal) for credit losses in those future periods. The allowance for credit losses will primarily reflect estimated losses for pools of loans that share similar risk characteristics, but will also consider individual loans that do not share risk characteristics with other loans. ​ Loans that Share Risk Characteristics with Other Loans (“Collectively Evaluated”) ​ In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type and internal risk rating or past due category as follows. ​ Commercial and Industrial and Commercial Real Estate Loans. ​ These factors are based on an evaluation of historical and current information and sometimes involve subjective assessment and interpretation. Specific considerations for construction are considered in the internal PD and LGD risk ratings including property type, development phase and complexity, as well as lease-up and stabilization projections. The PD and LGD factors are further sensitized in the models for future expectations over the loan’s contractual life, adjusted for prepayments. ​ 1-4 Family Residential Loans. The 1-4 family residential loan portfolio is grouped into pools of residential real estate loans with similar credit risk characteristics. For 1-4 family residential loans, the Company utilizes separate credit models designed for these types of loans to estimate the PD and LGD grades for the allowance for credit losses calculation. The models calculate expected losses and prepayments using borrower information at origination, including FICO score, loan type, collateral type, lien position, geography, origination year, and loan to value. Past due status post-origination is also a key input in the models. Current and future changes in economic conditions, including unemployment rates, home prices, index rates, and mortgage rates, are also considered. New originations and loan purchases are scored using the FICO score at origination. FICO score bands are assigned following prevalent industry standards and are used as the credit quality indicator for these types of loans. Substandard non-accrual loans are treated as a separate category in the credit scoring grid as the probability of default is 100% and the FICO score is no longer a relevant predictor. ​ Consumer Loans. The consumer loan portfolio is grouped into pools of consumer installment loans or revolving lines of credit with similar credit characteristics. The models calculate expected losses using borrower information at origination, including FICO score, origination year, geography, and collateral type. ​ Broker-Dealer Loans. The broker-dealer loan portfolio is evaluated on an individual basis using the collateral maintenance practical expedient. The collateral maintenance practical expedient allows the broker-dealer to compare the fair value of the collateral of each loan as of the reporting date to loan value. The underlying collateral of the loans to customers and correspondents is marked to market daily and any required additional collateral is collected. The allowance represents the amount of unsecured loan balances at the end of the period. ​ Qualitative Factors ​ Estimating the timing and amounts of future losses is subject to significant management judgment as these loss cash flows rely upon estimates such as default rates, loss severities, collateral valuations, the amounts and timing of principal payments (including any expected prepayments) or other factors that are reflective of current or future expected conditions. These estimates, in turn, depend on the duration of current overall economic conditions, industry, borrower, or portfolio specific conditions, the expected outcome of bankruptcy or insolvency proceedings, as well as, in certain circumstances, other economic factors, including the level of current and future real estate prices. All of these estimates and assumptions require significant management judgment and certain assumptions that are highly subjective. Model imprecision also exists in the allowance for credit losses estimation process due to the inherent time lag of available industry information and differences between expected and actual outcomes. ​ Management considers adjustments for these conditions in its allowance for credit loss estimates qualitatively where they may not be measured directly in its individual or collective assessments, including but not limited to: ● an adjustment to historical loss data to measure credit risk even if that risk is remote and does not meet the scope of assets with zero expected losses; ● the environmental factors and the areas in which credit is concentrated, such as the regulatory, environmental, or technological environment, the geographical area or key industries, or in the national or regional economic and business conditions where the borrower has exposure; ● the nature and volume of the company’s financial assets; ● the borrower’s financial condition, credit rating, credit score, asset quality, or business prospects; ● the borrower’s ability to make scheduled interest or principal payments; ● the remaining payment terms of the financial assets and the remaining time to maturity and the timing and extent of prepayments on the financial assets; ● the volume and severity of past due or adversely classified financial assets; ● the value of underlying collateral in which the collateral-dependent practical expedient has not been utilized; ● any updates to credit lending policies and procedures, including lending strategies, underwriting standards, collection and recovery practices, not reflected in the models; and ● the quality of the internal credit review system. ​ Loans that Do Not Share Risk Characteristics with Other Loans ​ When a loan is assigned a substandard non-accrual or worse risk rating grade, the loan subsequently is evaluated on an individual basis and no longer evaluated on a collective basis. The net realizable value of the loan is compared to the appropriate loan basis (i.e., PCD loan versus non-PCD loan) to determine any allowance for credit losses. Loans that are below a predetermined threshold, with the exception of 1-4 family residential loans, are fully reserved. The Company generally considers non-accrual loans to be collateral-dependent. The practical expedient to measure credit losses using the fair value of the collateral has been exercised. ​ For commercial real estate loans, the fair value of collateral is primarily based on appraisals. For owner occupied real estate loans, underlying properties are occupied by the borrower in its business, and evaluations are based on business operations used to service the debt. For non-owner occupied real estate loans, underlying properties are income-producing and evaluations are based on tenant revenues. For income producing construction and land development loans, appraisals reflect the assumption that properties are completed. ​ For 1-4 family residential loans that are graded substandard non-accrual, an assessment of value is made using the most recent appraisal on file. If the appraisal on file is older than two years, the latest property tax assessment is used for the assessment of value. The assessment of value is discounted for selling costs and compared against the appropriate basis of the loan to determine if a reserve might be required. ​ Consumer loans are charged off when they reach 90 days delinquency as a general rule. There are limited cases where the loan is not charged off due to special circumstances and is subject to the collateral review process. ​ Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments ​ The Company maintains a separate allowance for credit losses from off-balance sheet credit exposures, including unfunded loan commitments, which is included in other liabilities within the consolidated balance sheets. The Company estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type. ​ Broker-Dealer and Clearing Organization Transactions ​ Amounts recorded in broker-dealer and clearing organization receivables and payables include securities lending activities, as well as amounts related to securities transactions for either customers of the Hilltop Broker-Dealers or for the accounts of the Hilltop Broker-Dealers. Securities borrowed and securities loaned transactions are generally reported as collateralized financings. Securities borrowed transactions require the Hilltop Broker-Dealers to deposit cash, letters of credit, or other collateral with the lender. With respect to securities loaned, the Hilltop Broker-Dealers receive collateral in the form of cash or other assets in an amount generally in excess of the market value of securities loaned. The Hilltop Broker-Dealers monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Interest income and interest expense associated with collateralized financings is included in the accompanying consolidated statements of operations. ​ Premises and Equipment ​ Premises and equipment are stated at cost less accumulated depreciation and amortization computed principally on the straight-line method over the estimated useful lives of the assets, which range between 3 and 25 years. Gains or losses on disposals of premises and equipment are included in results of operations. ​ Leases ​ The Company determines if an arrangement is a lease at inception. Operating leases with a term of greater than one year are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases are included in premises and equipment and other liabilities on the Company’s consolidated balance sheets. The Company has lease agreements with lease and nonlease components, which are generally accounted for as a single lease component. Leases of low-value assets are assessed on a lease-by-lease basis to determine the need for balance sheet capitalization. ​ ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate commensurate with the lease term based on the information available at the lease commencement date in determining the present value of lease payments. No significant judgments or assumptions were involved in developing the estimated operating lease liabilities as the Company’s operating lease liabilities largely represent the future rental expenses associated with operating leases, and the incremental borrowing rates are based on publicly available interest rates. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. These options to extend or terminate are assessed on a lease-by-lease basis, and the ROU assets and lease liabilities are adjusted when it is reasonably certain that an option will be exercised. Rental expense for lease payments is recognized on a straight-line basis over the lease term and is included in occupancy and equipment, net within the Company’s consolidated statements of operations. ​ Other Real Estate Owned ​ Real estate acquired through foreclosure (“OREO”) is included in other assets within the consolidated balance sheets and is carried at management’s estimate of fair value, less estimated cost to sell. Any excess of recorded investment over fair value, less cost to sell, is charged against

Recently Issued Accounting Stan

Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2023
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards ​ Accounting Standards Adopted During 2023 ​ In March 2022, the FASB issued Accounting Standards Update (“ASU”) 2022-02 to eliminate the recognition and measurement guidance on TDRs 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. The Company adopted the provisions of ASU 2022-02 as of January 1, 2023 on a prospective basis. The adoption of this amendment did not have a material impact on the Company’s 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. The Company adopted the provisions as of January 1, 2023. The adoption of this amendment did not have a material impact on the Company’s consolidated financial statements. ​ In March 2023, the FASB issued ASU 2023-01 to require entities to classify and account for leases with related parties on the basis of legally enforceable terms and conditions of the arrangement. The amendments are effective in periods beginning after December 15, 2023, including interim periods within those fiscal years, with early adoption permitted. The Company elected to early adopt the provisions of ASU 2023-01 as of January 1, 2023 on a prospective basis for new and existing leasehold improvements. 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 August 2023, the FASB issued ASU 2023-05 to require joint ventures to initially measure all contributions received and liabilities assumed upon its formation at fair value. The guidance is applicable to joint venture entities with a formation date on or after January 1, 2025, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements. ​ In October 2023, the FASB issued ASU 2023-06 to clarify or improve disclosure and presentation requirements of a variety of topics, which will allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the FASB accounting standard codification with the SEC's regulations. The amendments will be effective on the date the SEC removes related disclosure requirements from Regulation S-X or Regulation S-K. If by June 30, 2027, the SEC has not removed the applicable disclosure requirements, the pending amendments will not become effective. Early adoption is prohibited. The Company does not expect the future adoption of this amendment to have a material impact on its consolidated financial statements since the Company is currently subject to the SEC’s disclosure and presentation requirements under Regulation S-X and Regulation S-K. ​ In November 2023, the FASB issued ASU 2023-07 to enhance disclosures of significant expense and segment profitability categories and amounts for each of the Company’s reportable business segments. The amendments are effective in annual periods beginning after December 15, 2023 and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements. ​ In December 2023, the FASB issued ASU 2023-09 to improve disclosures and presentation requirements to the transparency of the income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The amendments are effective in annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on it future consolidated statements.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
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 assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . ​ Fair Value Option ​ The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the retained MSR asset at fair value, under the provisions of the Fair Value Option. The Company elected to apply the provisions of the Fair Value Option to these items so that it would have the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. At December 31, 2023 and 2022, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $822.2 million and $855.7 million, respectively, and the unpaid principal balance of those loans was $802.3 million and $850.3 million, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. ​ The Company holds a number of financial instruments that are measured at fair value on a recurring basis, either by the application of the Fair Value Option or other authoritative pronouncements. The fair values of those instruments are determined primarily using Level 2 inputs, as further described below. Those inputs include quotes from mortgage loan investors and derivatives dealers and data from independent pricing services. The fair value of loans held for sale is determined using an exit price method. ​ Trading Securities ​ Available For Sale Securities prevailing market conditions. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the financial instruments’ terms and conditions, among other things. The fair value of certain available for sale securities by the Company’s merchant bank subsidiary are measured using the income approach with Level 3 inputs. The fair value of such financial instruments are 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. ​ Equity Securities ​ Loans Held for Sale . As a result, changes in instrument-specific credit risk are not a significant component of the change in fair value. 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. Certain mortgage loans held for sale that are guaranteed by U.S. government agencies that are subject to repurchase, or have been repurchased by PrimeLending and certain mortgage loans originated by PrimeLending on behalf of the Bank are reported at amortized cost and are not recorded at fair value on either a recurring or non-recurring basis. ​ Loans Held for Investment ​ Derivatives ​ MSR Asset ​ Equity Investments ​ Securities Sold, Not Yet Purchased ​ The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total December 31, 2023 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,929 ​ $ 507,062 ​ $ — ​ $ 515,991 ​ Available for sale securities ​ ​ — ​ ​ 1,483,177 ​ ​ 24,418 ​ ​ 1,507,595 ​ Equity securities ​ ​ 321 ​ ​ — ​ ​ — ​ ​ 321 ​ Loans held for sale ​ ​ — ​ ​ 784,158 ​ ​ 38,036 ​ ​ 822,194 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 10,858 ​ ​ 10,858 ​ Derivative assets ​ ​ — ​ ​ 76,778 ​ ​ 820 ​ ​ 77,598 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 96,662 ​ ​ 96,662 ​ Equity investments ​ ​ — ​ ​ — ​ ​ 19,540 ​ ​ 19,540 ​ Securities sold, not yet purchased ​ ​ 14,027 ​ ​ 20,845 ​ ​ — ​ ​ 34,872 ​ Derivative liabilities ​ ​ — ​ ​ 27,106 ​ ​ — ​ ​ 27,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2022 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 15,456 ​ $ 739,576 ​ $ — ​ $ 755,032 ​ Available for sale securities ​ ​ — ​ ​ 1,658,766 ​ ​ — ​ ​ 1,658,766 ​ Equity securities ​ ​ 200 ​ ​ — ​ ​ — ​ ​ 200 ​ Loans held for sale ​ ​ — ​ ​ 814,990 ​ ​ 40,707 ​ ​ 855,697 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 9,181 ​ ​ 9,181 ​ Derivative assets ​ ​ — ​ ​ 88,977 ​ ​ — ​ ​ 88,977 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 100,825 ​ ​ 100,825 ​ Securities sold, not yet purchased ​ ​ 25,506 ​ ​ 27,517 ​ ​ — ​ ​ 53,023 ​ Derivative liabilities ​ ​ — ​ ​ 11,405 ​ ​ — ​ ​ 11,405 ​ ​ The following table includes a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Year ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Year Year ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale securities ​ $ — ​ $ 25,919 ​ $ — ​ $ — ​ $ — ​ $ (1,501) ​ $ 24,418 Loans held for sale ​ ​ 40,707 ​ ​ 80,417 ​ ​ (61,522) ​ ​ (1,008) ​ ​ (20,558) ​ ​ — ​ ​ 38,036 Loans held for investment ​ ​ 9,181 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,677 ​ ​ — ​ ​ 10,858 Derivative assets ​ ​ — ​ ​ 782 ​ ​ — ​ ​ — ​ ​ 38 ​ ​ — ​ ​ 820 MSR asset ​ ​ 100,825 ​ ​ 27,359 ​ ​ (19,055) ​ ​ — ​ ​ (12,467) ​ ​ — ​ ​ 96,662 Equity investment ​ ​ — ​ ​ 19,540 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19,540 Total ​ $ 150,713 ​ $ 154,017 ​ $ (80,577) ​ $ (1,008) ​ $ (31,310) ​ $ (1,501) ​ $ 190,334 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 52,058 ​ $ (48,900) ​ $ 5,587 ​ $ (15,754) ​ $ — ​ $ 40,707 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ 132 ​ ​ — ​ ​ 9,181 MSR asset ​ ​ 86,990 ​ ​ 56,974 ​ ​ (65,108) ​ ​ — ​ ​ 21,969 ​ ​ — ​ ​ 100,825 Total ​ $ 134,706 ​ $ 118,643 ​ $ (114,570) ​ $ 5,587 ​ $ 6,347 ​ $ — ​ $ 150,713 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 56,480 ​ $ (76,166) ​ $ (4,139) ​ $ (275) ​ $ — ​ $ 47,716 MSR asset ​ ​ 143,742 ​ ​ 78,433 ​ ​ (142,558) ​ ​ — ​ ​ 7,373 ​ ​ — ​ ​ 86,990 Total ​ $ 215,558 ​ $ 134,913 ​ $ (218,724) ​ $ (4,139) ​ $ 7,098 ​ $ — ​ $ 134,706 ​ All net realized and unrealized gains (losses) in the table above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at December 31, 2023. ​ For material Level 3 financial instruments measured at fair value on a recurring basis at December 31, 2023 and 2022, the significant unobservable inputs used in the fair value measurements were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Fair Value Valuation Technique Unobservable Inputs December 31, 2023 ​ December 31, 2022 Available for sale securities ​ $ 11,983 ​ Discounted cash flow ​ Discount rate ​ 14.25 - 15.50 % ​ ​ ​ ​ — - — ​ ​ ​ ​ ​ ​ ​ 12,435 ​ Recent transaction ​ Recent transaction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ ​ 38,036 ​ Market comparable ​ Projected price ​ 78 - 92 % ( 90 %) ​ 88 - 95 % ( 89 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ ​ 10,858 ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 10.00 % ​ ​ ​ ​ ​ 11.88 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative assets ​ ​ 820 ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 15.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ ​ 96,662 ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.65 % ​ ​ ​ ​ ​ 8.14 % ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 11.67 % ​ ​ ​ ​ ​ 12.10 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ ​ 19,540 ​ Recent transaction ​ Recent transaction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ Year Ended December 31, 2022 ​ Year Ended December 31, 2021 ​ Net Other Total Net Other Total Net Other Total ​ ​ Gains ​ Noninterest ​ Changes in ​ Gains ​ Noninterest ​ Changes in ​ Gains ​ Noninterest ​ Changes in ​ ​ (Losses) ​ Income ​ Fair Value ​ (Losses) ​ Income ​ Fair Value ​ (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ 14,426 ​ $ — ​ $ 14,426 ​ $ (48,916) ​ $ — ​ $ (48,916) ​ $ (55,442) ​ $ — ​ $ (55,442) Loans held for investment ​ ​ 565 ​ — ​ 565 ​ ​ (660) ​ — ​ (660) ​ ​ — ​ — ​ — MSR asset ​ (12,467) ​ — ​ (12,467) ​ 21,969 ​ — ​ 21,969 ​ 7,373 ​ — ​ 7,373 ​ The Company determines the fair value of OREO on a non-recurring basis. In particular, the fair value of properties are determined at their respective acquisition date fair values. In addition, facts and circumstances may dictate a fair value measurement when there is evidence of impairment. The Company determines fair value primarily using independent appraisals of OREO properties. The resulting fair value measurements are classified as Level 2 inputs. At December 31, 2023 and 2022, the estimated fair value of OREO was $5.1 million and $2.3 million, respectively, and the underlying fair value measurements utilized Level 2 inputs. The amounts are included in other assets within the consolidated balance sheets. During the reported periods, all fair value measurements for OREO subsequent to initial recognition utilized Level 2 inputs. The Company recorded total losses of $0.1 million, $0.1 million and $1.2 million during 2023, 2022 and 2021, respectively, which represent a change in fair value subsequent to initial recognition of the asset. ​ Financial Assets and Liabilities Not Measured at Fair Value on Recurring or Non-Recurring Basis ​ The Fair Value of Financial Instruments Subsection of the ASC requires disclosure of the fair value of financial assets and liabilities, including the financial assets and liabilities previously discussed. The methods for determining estimated fair value for financial assets and liabilities measured at fair value on a recurring or non-recurring basis are discussed above. For other financial assets and liabilities, the Company utilizes quoted market prices, if available, to estimate the fair value of financial instruments. Because no quoted market prices exist for a significant portion of the Company’s financial instruments, the fair value of such instruments has been derived based on management’s assumptions with respect to future economic conditions, the amount and timing of future cash flows, and estimated discount rates. Different assumptions could significantly affect these estimates. Accordingly, the estimates provided herein do not necessarily indicate amounts which could be realized in a current transaction. Further, as it is management’s intent to hold a significant portion of its financial instruments to maturity, it is not probable that the fair values shown below will be realized in a current transaction. ​ Because of the wide range of permissible valuation techniques and the numerous estimates which must be made, it may be difficult to make reasonable comparisons of the Company’s fair value information to that of other financial institutions. The aggregate estimated fair value amount should in no way be construed as representative of the underlying value of Hilltop and its subsidiaries. The following methods and assumptions are typically used in estimating the fair value disclosures for financial instruments: ​ Cash and Cash Equivalents ​ Assets Segregated for Regulatory Purposes ​ Securities Purchased Under Agreements to Resell ​ Held to Maturity Securities ​ Loans Held for Sale ​ Loans Held for Investment ​ Broker-Dealer and Clearing Organization Receivables and Payables ​ Deposits ​ Short-Term Borrowings ​ Debt ​ Other Assets and Liabilities ​ The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2023 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,859,350 ​ $ 1,859,350 ​ $ — ​ $ — ​ $ 1,859,350 Assets segregated for regulatory purposes ​ ​ 57,395 ​ ​ 57,395 ​ ​ — ​ ​ — ​ ​ 57,395 Securities purchased under agreements to resell ​ ​ 80,011 ​ ​ — ​ ​ 80,011 ​ ​ — ​ ​ 80,011 Held to maturity securities ​ ​ 812,677 ​ ​ — ​ ​ 731,858 ​ ​ — ​ ​ 731,858 Loans held for sale ​ ​ 121,652 ​ ​ — ​ ​ 99,358 ​ ​ 22,882 ​ ​ 122,240 Loans held for investment, net ​ ​ 7,957,474 ​ ​ — ​ ​ 344,172 ​ ​ 7,696,393 ​ ​ 8,040,565 Broker-dealer and clearing organization receivables ​ 1,573,931 ​ — ​ 1,573,931 ​ — ​ 1,573,931 Other assets ​ 74,613 ​ — ​ 74,613 ​ — ​ 74,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,063,192 ​ — ​ 11,045,957 ​ — ​ 11,045,957 Broker-dealer and clearing organization payables ​ 1,430,734 ​ — ​ 1,430,734 ​ — ​ 1,430,734 Short-term borrowings ​ 900,038 ​ — ​ 900,038 ​ — ​ 900,038 Debt ​ 347,145 ​ — ​ 319,505 ​ — ​ 319,505 Other liabilities ​ 24,280 ​ — ​ 24,280 ​ — ​ 24,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,580,162 ​ $ 1,580,162 ​ $ — ​ $ — ​ $ 1,580,162 Assets segregated for regulatory purposes ​ ​ 67,737 ​ ​ 67,737 ​ ​ — ​ ​ — ​ ​ 67,737 Securities purchased under agreements to resell ​ ​ 118,070 ​ ​ — ​ ​ 118,070 ​ ​ — ​ ​ 118,070 Held to maturity securities ​ ​ 875,532 ​ ​ — ​ ​ 785,335 ​ ​ — ​ ​ 785,335 Loans held for sale ​ ​ 126,919 ​ ​ — ​ ​ 82,684 ​ ​ 42,908 ​ ​ 125,592 Loans held for investment, net ​ ​ 7,988,050 ​ ​ — ​ ​ 431,223 ​ ​ 7,434,038 ​ ​ 7,865,261 Broker-dealer and clearing organization receivables ​ 1,038,055 ​ — ​ 1,038,055 ​ — ​ 1,038,055 Other assets ​ 77,052 ​ — ​ 75,386 ​ 1,666 ​ 77,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,315,749 ​ — ​ 11,295,153 ​ — ​ 11,295,153 Broker-dealer and clearing organization payables ​ 966,470 ​ — ​ 966,470 ​ — ​ 966,470 Short-term borrowings ​ 970,056 ​ — ​ 970,056 ​ — ​ 970,056 Debt ​ 346,654 ​ — ​ 350,104 ​ — ​ 350,104 Other liabilities ​ 5,410 ​ — ​ 5,410 ​ — ​ 5,410 ​ The Company held equity investments other than securities of $59.2 million and $57.6 million at December 31, 2023 and 2022, respectively, which are included within other assets in the consolidated balance sheets. Of the $59.2 million of such equity investments held at December 31, 2023, $6.6 million do not have readily determinable fair values and each is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The following table presents the adjustments to the carrying value of these investments (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Balance, beginning of year $ 27,264 $ 16,817 Additional investments ​ ​ 374 ​ ​ 11,000 Upward adjustments ​ ​ 611 ​ ​ 916 Impairments and downward adjustments ​ ​ (5,056) ​ ​ (1,469) Other ​ ​ (16,586) ​ ​ — Balance, end of year ​ $ 6,607 ​ $ 27,264 ​

Securities

Securities	12 Months Ended
	Dec. 31, 2023
Securities
Securities	4. Securities ​ The fair value of trading securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 U.S. Treasury securities $ 3,736 $ 10,466 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ 12,867 ​ ​ 20,878 ​ Residential mortgage-backed securities 124,768 ​ 214,100 ​ Collateralized mortgage obligations ​ 86,281 ​ ​ 182,717 ​ Other ​ 13,079 ​ ​ — ​ Corporate debt securities ​ 37,569 ​ ​ 42,685 ​ States and political subdivisions ​ 180,890 ​ ​ 260,271 ​ Private-label securitized product ​ 47,768 ​ ​ 9,265 ​ Other ​ 9,033 ​ ​ 14,650 ​ Totals $ 515,991 ​ $ 755,032 ​ ​ In addition to the securities shown above, the Hilltop Broker-Dealers enter into transactions that represent commitments to purchase and deliver securities at prevailing future market prices to facilitate customer transactions and satisfy such commitments. Accordingly, the Hilltop Broker-Dealers’ ultimate obligation may exceed the amount recognized in the financial statements. These securities, which are carried at fair value and reported as securities sold, not yet purchased in the consolidated balance sheets, had a value of $34.9 million and $53.0 million at December 31, 2023 and 2022, respectively. ​ The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2023 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 4,985 ​ $ — ​ $ (368) ​ $ 4,617 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 166,617 ​ ​ 360 ​ ​ (811) ​ ​ 166,166 Residential mortgage-backed securities ​ 389,160 ​ 25 ​ (39,315) ​ 349,870 Commercial mortgage-backed securities ​ ​ 200,236 ​ 468 ​ (8,958) ​ 191,746 Collateralized mortgage obligations ​ 797,876 ​ 291 ​ (61,686) ​ 736,481 Corporate debt securities ​ 25,919 ​ — ​ (1,501) ​ 24,418 States and political subdivisions ​ 36,954 ​ 39 ​ (2,696) ​ 34,297 Totals ​ $ 1,621,747 ​ $ 1,183 ​ $ (115,335) ​ $ 1,507,595 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 19,655 ​ $ 3 ​ $ (514) ​ $ 19,144 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 202,834 ​ ​ 323 ​ ​ (900) ​ ​ 202,257 Residential mortgage-backed securities ​ 455,121 ​ 12 ​ (48,775) ​ 406,358 Commercial mortgage-backed securities ​ ​ 183,266 ​ 65 ​ (7,832) ​ 175,499 Collateralized mortgage obligations ​ 887,521 ​ — ​ (68,627) ​ 818,894 States and political subdivisions ​ 40,160 ​ 57 ​ (3,603) ​ 36,614 Totals ​ $ 1,788,557 ​ $ 460 ​ $ (130,251) ​ $ 1,658,766 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2023 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 278,172 ​ $ — ​ $ (25,765) ​ $ 252,407 Commercial mortgage-backed securities ​ ​ 172,879 ​ — ​ (12,670) ​ 160,209 Collateralized mortgage obligations ​ 284,208 ​ — ​ (37,189) ​ 247,019 States and political subdivisions ​ 77,418 ​ 149 ​ (5,344) ​ 72,223 Totals ​ $ 812,677 ​ $ 149 ​ $ (80,968) ​ $ 731,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 301,583 ​ $ — ​ $ (29,727) ​ $ 271,856 Commercial mortgage-backed securities ​ ​ 180,942 ​ ​ — ​ ​ (14,935) ​ ​ 166,007 Collateralized mortgage obligations ​ 314,705 ​ — ​ (38,343) ​ 276,362 States and political subdivisions ​ 78,302 ​ 26 ​ (7,218) ​ 71,110 Totals ​ $ 875,532 ​ $ 26 ​ $ (90,223) ​ $ 785,335 ​ Additionally, the Company had unrealized net gains of $0.3 million and $0.1 million at December 31, 2023 and 2022 from equity securities with fair values of $0.3 million and $0.2 million at December 31, 2023 and 2022, respectively. The Company recognized net gains of $0.1 million during 2023 and net losses of $0.1 million during 2022 due to changes in the fair value of equity securities still held at the balance sheet date. During 2023 and 2022, net losses recognized from equity securities sold were nominal and $0.1 million, respectively. ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ 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 — ​ $ — ​ $ — — ​ $ — ​ $ — Unrealized loss for twelve months or longer 1 ​ 4,617 ​ 368 1 ​ 4,465 ​ 514 ​ 1 ​ 4,617 ​ 368 1 ​ 4,465 ​ 514 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ ​ 28,988 ​ ​ 103 15 ​ ​ 98,246 ​ ​ 388 Unrealized loss for twelve months or longer 20 ​ 112,502 ​ 708 3 ​ 15,263 ​ 512 ​ 24 ​ ​ 141,490 ​ ​ 811 18 ​ 113,509 ​ 900 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 8,989 ​ 616 95 ​ 168,351 ​ 10,036 Unrealized loss for twelve months or longer 109 ​ 338,769 ​ 38,699 30 ​ 236,739 ​ 38,739 ​ 123 ​ ​ 347,758 ​ ​ 39,315 125 ​ 405,090 ​ 48,775 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 10,413 ​ 282 11 ​ 79,337 ​ 2,047 Unrealized loss for twelve months or longer 18 ​ 162,470 ​ 8,676 8 ​ 86,923 ​ 5,785 ​ 20 ​ ​ 172,883 ​ ​ 8,958 19 ​ 166,260 ​ 7,832 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 11,560 ​ 22 97 ​ 563,872 ​ 30,980 Unrealized loss for twelve months or longer 138 ​ 709,571 ​ 61,665 48 ​ 244,917 ​ 37,647 ​ 140 ​ ​ 721,131 ​ ​ 61,687 145 ​ 808,789 ​ 68,627 Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 13,483 ​ 1,501 — ​ — ​ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 2 ​ ​ 13,483 ​ ​ 1,501 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 10 ​ 7,023 ​ 55 34 ​ 20,555 ​ 964 Unrealized loss for twelve months or longer 50 ​ 20,857 ​ 2,640 29 ​ 7,892 ​ 2,639 ​ 60 ​ ​ 27,880 ​ ​ 2,695 63 ​ 28,447 ​ 3,603 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 34 ​ 80,456 ​ 2,579 252 ​ 930,361 ​ 44,415 Unrealized loss for twelve months or longer 336 ​ 1,348,786 ​ 112,756 119 ​ 596,199 ​ 85,836 ​ 370 ​ $ 1,429,242 ​ $ 115,335 371 ​ $ 1,526,560 ​ $ 130,251 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ $ — ​ $ — 14 ​ $ 59,089 ​ $ 5,928 Unrealized loss for twelve months or longer 44 ​ 278,172 ​ 25,765 31 ​ 212,768 ​ 23,799 ​ 44 ​ 278,172 ​ 25,765 45 ​ 271,857 ​ 29,727 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 30 ​ 163,172 ​ 14,483 Unrealized loss for twelve months or longer 31 ​ 160,208 ​ 12,670 1 ​ 2,834 ​ 452 ​ 31 ​ 160,208 ​ 12,670 31 ​ 166,006 ​ 14,935 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 18 ​ 33,836 ​ 3,225 Unrealized loss for twelve months or longer 54 ​ 247,019 ​ 37,189 38 ​ 242,527 ​ 35,118 ​ 54 ​ 247,019 ​ 37,189 56 ​ 276,363 ​ 38,343 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 39 ​ ​ 15,506 ​ ​ 479 150 ​ ​ 59,459 ​ ​ 5,362 Unrealized loss for twelve months or longer 128 ​ 45,208 ​ 4,865 27 ​ 8,093 ​ 1,856 ​ 167 ​ 60,714 ​ 5,344 177 ​ 67,552 ​ 7,218 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 39 ​ 15,506 ​ 479 212 ​ 315,556 ​ 28,998 Unrealized loss for twelve months or longer 257 ​ 730,607 ​ 80,489 97 ​ 466,222 ​ 61,225 ​ 296 ​ $ 746,113 ​ $ 80,968 309 ​ $ 781,778 ​ $ 90,223 ​ Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. The amortized cost and fair value of securities, excluding trading and equity securities, at December 31, 2023 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 ​ $ 31,654 ​ $ 31,518 ​ $ 310 ​ $ 310 Due after one year through five years ​ 83,137 ​ 81,199 ​ 2,729 ​ 2,613 Due after five years through ten years ​ 56,712 ​ 56,272 ​ 37,034 ​ 35,153 Due after ten years ​ 62,972 ​ 60,509 ​ 37,345 ​ 34,147 ​ ​ 234,475 ​ 229,498 ​ 77,418 ​ 72,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 389,160 ​ 349,870 ​ 278,172 ​ 252,407 Commercial mortgage-backed securities ​ 200,236 ​ 191,746 ​ 172,879 ​ 160,209 Collateralized mortgage obligations ​ 797,876 ​ 736,481 ​ 284,208 ​ 247,019 ​ ​ $ 1,621,747 ​ $ 1,507,595 ​ $ 812,677 ​ $ 731,858 ​ During 2023, 2022 and 2021, the Company recognized net gains from its trading portfolio of $54.7 million, $23.7 million and $26.4 million, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $50.1 million, $21.0 million and $68.7 million during 2023, 2022 and 2021, respectively. During 2023 and 2022, the Company’s other realized losses on securities were nominal. During 2021, the Company’s other realized losses on securities were $0.1 million. All such net gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. ​ Securities with a carrying amount of $537.2 million and $778.6 million (with a fair value of $503.1 million and $717.6 million, respectively) at December 31, 2023 and 2022, respectively, were pledged by the Bank to secure public and trust deposits, federal funds purchased and securities sold under agreements to repurchase, and for other purposes as required or permitted by law. Substantially all of these pledged securities were included in the Company’s available for sale and held to maturity securities portfolios at December 31, 2023 and 2022. ​ Mortgage-backed securities and collateralized mortgage obligations consist principally of GNMA, Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) pass-through and participation certificates. GNMA securities are guaranteed by the full faith and credit of the United States, while FNMA and FHLMC securities are fully guaranteed by those respective United States government-sponsored agencies, and conditionally guaranteed by the full faith and credit of the United States.

Loans Held for Investment

Loans Held for Investment	12 Months Ended
	Dec. 31, 2023
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 real estate (including construction and land development), wholesale/retail trade, agribusiness and energy. The Hilltop Broker-Dealers make loans to customers and correspondents through transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control risk by requiring customers to maintain collateral in compliance with various regulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for loans are not included in the consolidated financial statements. ​ Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Commercial real estate: ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,889,882 ​ $ 1,870,552 Owner occupied ​ ​ 1,422,234 ​ ​ 1,375,321 Commercial and industrial ​ 1,607,833 ​ ​ 1,639,980 Construction and land development ​ 1,031,095 ​ ​ 980,896 1-4 family residential ​ ​ 1,757,178 ​ ​ 1,767,099 Consumer ​ ​ 27,351 ​ ​ 27,602 Broker-dealer (1) ​ ​ 344,172 ​ ​ 431,223 ​ ​ 8,079,745 ​ 8,092,673 Allowance for credit losses ​ (111,413) ​ ​ (95,442) Total loans held for investment, net of allowance ​ $ 7,968,332 ​ $ 7,997,231 (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations. ​ Past Due Loans and Non-accrual Loans ​ 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 December 31, 2023 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 6,125 ​ $ — ​ $ 799 ​ $ 6,924 ​ $ 1,882,958 ​ $ 1,889,882 ​ $ — Owner occupied ​ 6,823 ​ ​ 386 ​ ​ 3,897 ​ ​ 11,106 ​ ​ 1,411,128 ​ ​ 1,422,234 ​ ​ — Commercial and industrial ​ ​ 3,348 ​ ​ 1,496 ​ ​ 2,074 ​ ​ 6,918 ​ ​ 1,600,915 ​ ​ 1,607,833 ​ ​ — Construction and land development ​ 767 ​ ​ 1,554 ​ ​ 276 ​ ​ 2,597 ​ ​ 1,028,498 ​ ​ 1,031,095 ​ ​ — 1-4 family residential ​ 8,625 ​ ​ 1,292 ​ ​ 3,203 ​ ​ 13,120 ​ ​ 1,744,058 ​ ​ 1,757,178 ​ ​ — Consumer ​ 28 ​ ​ 4 ​ ​ 5 ​ ​ 37 ​ ​ 27,314 ​ ​ 27,351 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 344,172 ​ ​ 344,172 ​ ​ — ​ ​ $ 25,716 ​ $ 4,732 ​ $ 10,254 ​ $ 40,702 ​ $ 8,039,043 ​ $ 8,079,745 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Total Past ​ Current ​ Total ​ Past Due December 31, 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 ​ $ 567 ​ $ — ​ $ 235 ​ $ 802 ​ $ 1,869,750 ​ $ 1,870,552 ​ $ — Owner occupied ​ 1,037 ​ ​ 2,880 ​ ​ — ​ ​ 3,917 ​ ​ 1,371,404 ​ ​ 1,375,321 ​ ​ — Commercial and industrial ​ ​ 609 ​ ​ 82 ​ ​ 5,598 ​ ​ 6,289 ​ ​ 1,633,691 ​ ​ 1,639,980 ​ ​ 49 Construction and land development ​ 3,665 ​ ​ — ​ ​ — ​ ​ 3,665 ​ ​ 977,231 ​ ​ 980,896 ​ ​ — 1-4 family residential ​ 9,733 ​ ​ 773 ​ ​ 4,467 ​ ​ 14,973 ​ ​ 1,752,126 ​ ​ 1,767,099 ​ ​ 1 Consumer ​ 177 ​ ​ 7 ​ ​ 14 ​ ​ 198 ​ ​ 27,404 ​ ​ 27,602 ​ ​ 1 Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 431,223 ​ ​ 431,223 ​ ​ — ​ ​ $ 15,788 ​ $ 3,742 ​ $ 10,314 ​ $ 29,844 ​ $ 8,062,829 ​ $ 8,092,673 ​ $ 51 ​ In addition to the loans shown in the tables above, PrimeLending had $115.1 million and $92.0 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $115.7 million and $92.4 million, respectively) that were 90 days past due and accruing interest at December 31, 2023 and 2022, respectively. These loans are guaranteed by U.S. government agencies and include loans that are subject to repurchase, or have been repurchased, by PrimeLending. ​ The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ Allowance Allowance Total Allowance Allowance Total 2023 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 33,728 ​ $ 2,712 ​ $ 36,440 ​ $ 688 ​ $ 562 ​ $ 1,250 ​ ​ $ 592 ​ $ 483 ​ $ 378 Owner occupied ​ 4,630 ​ ​ 468 ​ ​ 5,098 ​ 2,862 ​ ​ 157 ​ ​ 3,019 ​ ​ ​ 568 ​ ​ 556 ​ ​ 648 Commercial and industrial ​ ​ 5,216 ​ ​ 4,286 ​ ​ 9,502 ​ ​ 3,727 ​ ​ 5,368 ​ ​ 9,095 ​ ​ ​ 1,840 ​ ​ 1,099 ​ ​ 2,585 Construction and land development ​ 533 ​ ​ 2,749 ​ ​ 3,282 ​ 1 ​ ​ — ​ ​ 1 ​ ​ ​ 69 ​ ​ 29 ​ ​ 202 1-4 family residential ​ 726 ​ ​ 9,283 ​ ​ 10,009 ​ 433 ​ ​ 10,862 ​ ​ 11,295 ​ ​ ​ 1,597 ​ ​ 3,420 ​ ​ 3,721 Consumer ​ 6 ​ ​ — ​ ​ 6 ​ 14 ​ ​ — ​ ​ 14 ​ ​ ​ — ​ ​ — ​ ​ (120) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 44,839 ​ $ 19,498 ​ $ 64,337 ​ $ 7,725 ​ $ 16,949 ​ $ 24,674 ​ ​ $ 4,666 ​ $ 5,587 ​ $ 7,414 ​ At December 31, 2023 and 2022, $4.0 million and $4.8 million, respectively, of real estate loans secured by residential properties and classified as held for sale were in non-accrual status. ​ As shown in the table above, loans accounted for on a non-accrual basis increased from December 31, 2022 to December 31, 2023, by $39.7 million. The change in non-accrual loans was primarily due to increases in commercial real estate non-owner occupied of $35.2 million, construction and land development loans of $3.3 million and commercial real estate owner occupied loans of $2.1 million, partially offset by a decrease in 1-4 family residential of $1.3 million. The increase in commercial real estate non-owner occupied loans in non-accrual status was primarily due to the addition of a single credit relationship with a loan balance of $33.3 million. The increase in construction and land development loans in non-accrual status was primarily due to the addition of six credit relationships with an aggregate loan balance of $3.3 million, while the increase in commercial real estate owner occupied loans in non-accrual status was primarily due to the addition of three credit relationships with an aggregate loan balance of $4.2 million, partially offset by the foreclosure of one office property in Texas. ​ 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. ​ Loan Modifications ​ As previously discussed, as of January 1, 2023, the Company adopted the new guidance which eliminated the recognition and measurement guidance on TDRs for creditors, and requires enhanced disclosures about loan modifications for borrowers experiencing financial difficulty. 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 following table presents the amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty grouped by portfolio segment and type of modification granted during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Modifications as a ​ ​ ​ Interest Rate ​ Term ​ Principal ​ Payment ​ % of Portfolio ​ Year Ended December 31, 2023 ​ Reduction ​ Extension ​ Forgiveness ​ Delay ​ Segment ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ — ​ $ 33,680 ​ $ — ​ $ — ​ 1.8 % Owner occupied ​ ​ — ​ ​ 2,183 ​ ​ — ​ ​ — ​ 0.2 % Commercial and industrial ​ ​ 510 ​ ​ 17,921 ​ ​ — ​ ​ 2,776 ​ 1.3 % Construction and land development ​ ​ — ​ ​ 13,001 ​ ​ — ​ ​ — ​ 1.3 % 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Total ​ $ 510 ​ $ 66,785 ​ $ — ​ $ 2,776 ​ 0.9 % ​ For 2023, there were no loans that experienced a default subsequent to being modified in the prior twelve months. ​ For those loans held for investment modified for borrowers experiencing financial difficulty, the following table provides aging and non-accrual details grouped by portfolio segment (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Modified Loans Past Due ​ Total Modified ​ Modified December 31, 2023 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Non-accrual Loans Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 380 ​ $ — ​ $ — ​ $ 380 ​ $ 33,680 Owner occupied ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 ​ ​ 11 Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,071 Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 257 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 380 ​ $ — ​ $ 11 ​ $ 391 ​ $ 37,019 ​ The following table presents the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Weighted Average ​ ​ ​ Interest Rate ​ ​ Term ​ ​ ​ Reduction ​ ​ Extension ​ ​ ​ (in bps) ​ ​ (in months) Commercial real estate: ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — % ​ 26 Owner occupied ​ ​ — % ​ 35 Commercial and industrial ​ ​ 0.5 % ​ 10 Construction and land development ​ ​ — % ​ 24 1-4 family residential ​ ​ — % ​ — Consumer ​ ​ — % ​ — Broker-dealer ​ ​ — % ​ — Total ​ ​ 0.5 % ​ 22 ​ Troubled Debt Restructurings ​ Information regarding TDRs granted during 2022 and 2021 that did not qualify for the CARES Act exemption is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Year Ended December 31, 2021 ​ Number of Balance at Balance at Number of Balance at Balance at ​ ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ 2 ​ ​ 2,743 ​ ​ 2,072 ​ 1 ​ 725 ​ 713 Commercial and industrial ​ 1 ​ ​ 873 ​ ​ 734 ​ — ​ — ​ — Construction and land development ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — 1-4 family residential ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Consumer ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ 3 $ 3,616 $ 2,806 1 $ 725 $ 713 ​ All of the loan modifications included in the table above involved payment term extensions. The Bank did not grant principal reductions on any restructured loans during 2022 or 2021. ​ At December 31, 2022 and 2021, the Bank had nominal unadvanced commitments to borrowers whose loans have been restructured in TDRs. There were two TDRs totaling $2.2 million granted during the twelve months preceding December 31, 2022 for which a payment was at least 30 days past due. The $2.2 million included one commercial real estate owner occupied loan of $2.1 million and one 1-4 family residential loan of $0.1 million. There were no TDRs granted during the twelve months preceding December 31, 2021 for which a payment was at least 30 days past due. ​ The Company granted temporary forbearance to borrowers of a federally backed mortgage loan experiencing financial hardship due, directly or indirectly, to the pandemic. The CARES Act, which among other things, established the ability for financial institutions to grant a forbearance for up to 180 days, which can be extended for an additional 180-day period upon the request of the borrower. During that time, no fees, penalties or interest beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the mortgage contract will accrue on the borrower’s account. As of December 31, 2022, PrimeLending had $43.8 million of loans subject to repurchase under a forbearance agreement related to delinquencies on or after April 1, 2020. ​ Credit Risk Profile ​ Management tracks credit quality trends on a quarterly basis related to: (i) past due levels, (ii) non-performing asset levels, (iii) classified loan levels, and (v) general economic conditions in state and local markets. The Company defines classified loans as loans with a risk rating of substandard, doubtful or loss. A description of the risk rating internal grades for commercial loans to is presented in the following table. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating Internal Grade Risk Rating Description Pass low risk 1 - 3 Represents loans to very high credit quality commercial borrowers of investment or near investment grade. These borrowers have significant capital strength, moderate leverage, stable earnings and growth, and readily available financing alternatives. Commercial borrowers entirely cash secured are also included in this category. Pass normal risk 4 - 7 Represents loans to commercial borrowers of solid credit quality with moderate risk. Borrowers in these grades are differentiated from higher grades on the basis of size (capital and/or revenue), leverage, asset quality and the stability of the industry or market area. Pass high risk 8 - 10 Represents "pass grade" loans to commercial borrowers of higher, but acceptable credit quality and risk. Such borrowers are differentiated from Pass Normal Risk in terms of size, secondary sources of repayment or they are of lesser stature in other key credit metrics. Watch 11 Represents loans on management's "watch list" and is intended to be utilized on a temporary basis for pass grade commercial borrowers where a significant risk-modifying action is anticipated in the near term. Special mention 12 Represents loans with potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the loans and weaken the Company's credit position at some future date. Substandard accrual 13 Represents loans for which the accrual of interest has not been stopped, but are inadequately protected by the current sound worth and paying capacity of the obligor or the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard non-accrual 14 Represents loans for which the accrual of interest has been stopped and includes loans where interest is more than 90 days past due and not fully secured and loans where a specific valuation allowance may be necessary. Doubtful 15 Represents loans that are placed on non-accrual status and may be dependent upon collateral having a value that is difficult to determine or upon some near-term event which lacks certainty. Loss 16 Represents loans that are to be charged-off or charged-down when payment is acknowledged to be uncertain or when the timing or value of payments cannot be determined. Rating is not intended to imply that the loan or some portion of it will never be paid, nor does it in any way imply that there has been a forgiveness of debt. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2018 and ​ ​ ​ ​ Converted to ​ ​ ​ December 31, 2023 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ ​ Prior ​ Revolving ​ Term Loans ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 5,061 ​ $ 31,277 ​ $ 32,215 ​ $ 17,723 ​ $ 1,987 ​ $ 5,279 ​ $ (24) ​ $ 184 ​ $ 93,702 Internal Grade 4-7 (Pass normal risk) ​ ​ 195,842 ​ ​ 255,185 ​ ​ 361,991 ​ ​ 102,838 ​ ​ 73,746 ​ ​ 44,490 ​ ​ 35,471 ​ ​ 16,633 ​ ​ 1,086,196 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 125,658 ​ ​ 185,144 ​ ​ 99,208 ​ ​ 87,498 ​ ​ 55,772 ​ ​ 64,647 ​ ​ 10,380 ​ ​ 1,464 ​ ​ 629,771 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 2,580 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,580 Internal Grade 13 (Substandard accrual) ​ ​ 6,366 ​ ​ 11,666 ​ ​ 13,988 ​ ​ 2,537 ​ ​ 5,943 ​ ​ 693 ​ ​ — ​ ​ — ​ ​ 41,193 Internal Grade 14 (Substandard non-accrual) ​ ​ 33,680 ​ ​ 1,401 ​ ​ — ​ ​ — ​ ​ 799 ​ ​ 560 ​ ​ — ​ ​ — ​ ​ 36,440 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 34 ​ ​ — ​ ​ — ​ ​ 34 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 52,893 ​ $ 31,883 ​ $ 112,234 ​ $ 40,620 ​ $ 17,401 ​ $ 44,061 ​ $ 3,586 ​ $ 13,929 ​ $ 316,607 Internal Grade 4-7 (Pass normal risk) ​ ​ 105,552 ​ ​ 167,168 ​ ​ 133,808 ​ ​ 68,022 ​ ​ 56,168 ​ ​ 120,702 ​ ​ 16,914 ​ ​ — ​ ​ 668,334 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 52,860 ​ ​ 95,474 ​ ​ 78,508 ​ ​ 82,518 ​ ​ 23,988 ​ ​ 61,858 ​ ​ 4,880 ​ ​ — ​ ​ 400,086 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 2,518 ​ ​ 2,746 ​ ​ 4,252 ​ ​ 6,718 ​ ​ 5,825 ​ ​ 9,952 ​ ​ 98 ​ ​ — ​ ​ 32,109 Internal Grade 14 (Substandard non-accrual) ​ ​ 167 ​ ​ 3,974 ​ ​ 646 ​ ​ — ​ ​ 230 ​ ​ 81 ​ ​ — ​ ​ — ​ ​ 5,098 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 977 ​ ​ — ​ ​ — ​ ​ 977 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 15,861 ​ $ 21,921 ​ $ 44,523 ​ $ 13,927 ​ $ 19,430 ​ $ 1,126 ​ $ 24,540 ​ $ — ​ $ 141,328 Internal Grade 4-7 (Pass normal risk) ​ ​ 68,066 ​ ​ 82,604 ​ ​ 117,809 ​ ​ 22,801 ​ ​ 3,537 ​ ​ 9,696 ​ ​ 316,492 ​ ​ 8,855 ​ ​ 629,860 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 120,945 ​ ​ 121,349 ​ ​ 39,160 ​ ​ 35,535 ​ ​ 5,287 ​ ​ 6,676 ​ ​ 240,601 ​ ​ 1,807 ​ ​ 571,360 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 642 ​ ​ — ​ ​ 642 Internal Grade 13 (Substandard accrual) ​ ​ 5,396 ​ ​ 1,409 ​ ​ 2,494 ​ ​ 2,469 ​ ​ 3,221 ​ ​ 151 ​ ​ 54,878 ​ ​ 17,427 ​ ​ 87,445 Internal Grade 14 (Substandard non-accrual) ​ ​ 256 ​ ​ 287 ​ ​ 131 ​ ​ 3,146 ​ ​ — ​ ​ 933 ​ ​ 1,251 ​ ​ 3,498 ​ ​ 9,502 Current period gross charge-offs ​ ​ 1,149 ​ ​ 3,041 ​ ​ 87 ​ ​ — ​ ​ 25 ​ ​ 586 ​ ​ — ​ ​ — ​ ​ 4,888 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 4,572 ​ $ 6,128 ​ $ 12,090 ​ $ — ​ $ 791 ​ $ 315 ​ $ — ​ $ — ​ $ 23,896 Internal Grade 4-7 (Pass normal risk) ​ ​ 236,906 ​ ​ 163,975 ​ ​ 112,911 ​ ​ 37,943 ​ ​ 782 ​ ​ 1,731 ​ ​ 23,118 ​ ​ — ​ ​ 577,366 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 173,051 ​ ​ 173,186 ​ ​ 5,869 ​ ​ 2,394 ​ ​ 2,342 ​ ​ 192 ​ ​ 2,206 ​ ​ 6,072 ​ ​ 365,312 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 27,198 ​ ​ 5,404 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,571 ​ ​ 34,173 Internal Grade 14 (Substandard non-accrual) ​ ​ 276 ​ ​ 3,006 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,282 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 3,890 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 883 ​ ​ — ​ ​ — ​ ​ 4,773 FICO greater than 720 ​ ​ 22,122 ​ ​ — ​ ​ 120 ​ ​ 51 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22,293 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ 1,447 ​ $ 510 ​ $ 751 ​ $ 210 ​ $ 23,350 ​ $ 230 ​ $ — ​ $ 26,498 FICO between 620 and 720 ​ ​ 8,043 ​ ​ 16,787 ​ ​ 11,956 ​ ​ 6,016 ​ ​ 4,791 ​ ​ 24,903 ​ ​ 1,224 ​ ​ 196 ​ ​ 73,916 FICO greater than 720 ​ ​ 152,992 ​ ​ 536,095 ​ ​ 721,724 ​ ​ 87,037 ​ ​ 36,636 ​ ​ 52,301 ​ ​ 2,912 ​ ​ 625 ​ ​ 1,590,322 Substandard non-accrual ​ ​ 534 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,475 ​ ​ — ​ ​ — ​ ​ 10,009 Other (1) ​ ​ 29,923 ​ ​ 16,747 ​ ​ 3,436 ​ ​ 1,375 ​ ​ 2,197 ​ ​ 2,591 ​ ​ 164 ​ ​ — ​ ​ 56,433 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 73 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 878 ​ $ 468 ​ $ 39 ​ $ 82 ​ $ 6 ​ $ 4 ​ $ 369 ​ $ 6 ​ $ 1,852 FICO between 620 and 720 ​ ​ 3,858 ​ ​ 1,259 ​ ​ 518 ​ ​ 276 ​ ​ 103 ​ ​ 27 ​ ​ 1,933 ​ ​ 8 ​ ​ 7,982 FICO greater than 720 ​ ​ 3,890 ​ ​ 2,815 ​ ​ 842 ​ ​ 361 ​ ​ 56 ​ ​ — ​ ​ 2,720 ​ ​ 1 ​ ​ 10,685 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 Other (1) ​ ​ 4,498 ​ ​ 1,623 ​ ​ 218 ​ ​ 281 ​ ​ 25 ​ ​ 14 ​ ​ 167 ​ ​ — ​ ​ 6,826 Current period gross charge-offs ​ ​ 280 ​ ​ 72 ​ ​ 9 ​ ​ 9 ​ ​ 2 ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,463,752 ​ $ 1,942,428 ​ $ 1,913,780 ​ $ 622,919 ​ $ 321,273 ​ $ 486,697 ​ $ 744,752 ​ $ 72,276 ​ $ 7,567,877 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 156,838 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 10,858 Broker-dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 344,172 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,079,745 (1) Loans classified in this category were assigned a FICO score based on various factors specific to the borrower for credit modeling purposes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
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 declines in value is unrelated to credit loss and related to changes in market interest rates since purchase. None of the available for sale debt securities held were past due at December 31, 2023. In addition, as of December 31, 2023, 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 the Company’s 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 December 31, 2023. While the Company believes it has an appropriate allowance for the existing loan portfolio at December 31, 2023, 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 changes in macroeconomic forecasts and loan cash flow assumptions. In addition to the allowance for credit losses, the Company maintains a separate allowance for credit losses related to off-balance sheet credit exposures, including unfunded loan commitments, and this amount is included in other liabilities within the consolidated balance sheets. For further information on the policies that govern the estimation of the allowances for credit losses levels, see Note 1 to the consolidated financial statements. ​ One of the most significant judgments involved in estimating the Company’s allowance for credit losses relates to the macroeconomic forecasts used to estimate credit losses over the reasonable and supportable forecast period. To determine the Company’s best estimate of expected credit losses as of December 31, 2023, the Company utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in December 2023 that was updated to reflect the U.S. economic outlook. This alternative economic scenario expects inflation persistently higher than the baseline as uneven supply chain and labor market conditions continue to reflect the impact of international armed conflicts, tighter lending standards resulting from bank failures earlier in 2023, and still elevated interest rates contribute to a mild U.S recession starting in the first quarter of 2024. Federal Reserve monetary policy maintains the elevated interest rates to a federal funds rate at the baseline target range of 5.25% to 5.50% into early 2024 and reverts to 3.5% by year end 2025. Significant variables that impact the modeled losses across the Company’s 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. ​ During 2021, the decrease in the allowance reflected improvements in both realized economic results and the macroeconomic outlook and were significantly comprised of net reversals of credit losses on expected losses of collectively evaluated loans of $58.3 million. Such reversals were primarily due to improvements in both macroeconomic forecast assumptions and credit quality metrics on COVID impacted industry sector exposures. The net impact to the allowance of changes associated with individually evaluated loans during 2021 included a provision for credit losses of $0.1 million. The change in the allowance for credit losses during 2021 was primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix and changes in loan balances and qualitative factors from the prior year. The change in the allowance during 2021 was also impacted by net recoveries of $0.5 million. ​ During 2022, the increase in provision for credit losses was driven by a deteriorating U.S. economic outlook since December 31, 2021. The net impact to the allowance of changes associated with collectively evaluated loans included a provision of credit losses of $10.0 million, while individually evaluated loans during 2022 included reversals of credit losses of $1.7 million. The change in the allowance for credit losses during 2022 was primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior year. The change in the allowance during 2022 was also impacted by net charge-offs of $4.2 million. ​ During 2023, the increase in provision for credit losses reflected a build in the allowance related to loan portfolio changes since December 31, 2022 and a deteriorating outlook for commercial real estate markets. Specific to the Bank the net impact to the allowance of changes associated with collectively evaluated loans included a provision of credit losses of $12.7 million, while individually evaluated loans during 2023 included a provision of credit losses of $5.8 million. The change in the allowance for credit losses during 2023 was primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior year. The change in the allowance during 2023 was also impacted by net charge-offs of $2.4 million. ​ Changes in the allowance for credit losses for loans held for investments, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2023 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 39,247 ​ $ 806 ​ $ (34) ​ $ 42 ​ $ 40,061 Owner occupied ​ ​ 24,008 ​ ​ 5,042 ​ ​ (977) ​ ​ 41 ​ ​ 28,114 Commercial and industrial ​ 16,035 ​ ​ 6,334 ​ ​ (4,888) ​ ​ 3,445 ​ 20,926 Construction and land development ​ 6,051 ​ ​ 6,052 ​ ​ (1) ​ ​ — ​ 12,102 1-4 family residential ​ 9,313 ​ ​ 86 ​ ​ (73) ​ ​ 135 ​ 9,461 Consumer ​ ​ 554 ​ ​ 205 ​ ​ (387) ​ ​ 276 ​ ​ 648 Broker-dealer ​ ​ 234 ​ ​ (133) ​ ​ — ​ ​ — ​ ​ 101 Total ​ $ 95,442 ​ $ 18,392 ​ $ (6,360) ​ $ 3,939 ​ $ 111,413 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2022 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 36,001 ​ $ 3,218 ​ $ — ​ $ 28 ​ $ 39,247 Owner occupied ​ ​ 23,353 ​ ​ 555 ​ ​ — ​ ​ 100 ​ ​ 24,008 Commercial and industrial ​ 21,982 ​ ​ (1,748) ​ ​ (6,945) ​ ​ 2,746 ​ 16,035 Construction and land development ​ 4,674 ​ ​ 1,377 ​ ​ — ​ ​ — ​ 6,051 1-4 family residential ​ 4,589 ​ ​ 4,729 ​ ​ (138) ​ ​ 133 ​ 9,313 Consumer ​ ​ 578 ​ ​ 119 ​ ​ (432) ​ ​ 289 ​ ​ 554 Broker-dealer ​ ​ 175 ​ ​ 59 ​ ​ — ​ ​ — ​ ​ 234 Total ​ $ 91,352 ​ $ 8,309 ​ $ (7,515) ​ $ 3,296 ​ $ 95,442 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2021 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 67,521 ​ $ (31,536) ​ $ — ​ $ 16 ​ $ 36,001 Owner occupied ​ ​ 42,108 ​ ​ (18,695) ​ ​ (310) ​ ​ 250 ​ ​ 23,353 Commercial and industrial ​ 27,703 ​ ​ (6,128) ​ ​ (2,249) ​ ​ 2,656 ​ 21,982 Construction and land development ​ 6,677 ​ ​ (2,003) ​ ​ — ​ ​ — ​ 4,674 1-4 family residential ​ 3,946 ​ ​ 409 ​ ​ (312) ​ ​ 546 ​ 4,589 Consumer ​ ​ 876 ​ ​ (222) ​ ​ (357) ​ ​ 281 ​ ​ 578 Broker-dealer ​ ​ 213 ​ ​ (38) ​ ​ — ​ ​ — ​ ​ 175 Total ​ $ 149,044 ​ $ (58,213) ​ $ (3,228) ​ $ 3,749 ​ $ 91,352 ​ Unfunded Loan Commitments ​ The Bank uses a process similar to that used in estimating the allowance for credit losses on the funded portion to estimate the allowance for credit loss on unfunded loan commitments. The allowance is based on the estimated exposure at default, multiplied by the lifetime PD grade and LGD grade for that particular loan segment. The Bank estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type. The expected losses on unfunded commitments align with statistically calculated parameters used to calculate the allowance for credit losses on the funded portion. There is no reserve calculated for letters of credit as they are issued primarily as credit enhancements and the likelihood of funding is low. ​ Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 7,784 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ 1,092 ​ ​ 1,904 ​ ​ (2,508) Balance, end of year $ 8,876 ​ $ 7,784 ​ $ 5,880 ​ During 2021, the decrease in the allowance for unfunded commitments was primarily due to improvements in loan expected loss rates. During 2022, the increase in the allowance for unfunded commitments was due to increases in both loan expected loss rates and available commitment balances, while during 2023, the increase in the allowance for unfunded commitments was primarily due to increases in loan expected loss rates.

Cash and Due from Banks

Cash and Due from Banks	12 Months Ended
	Dec. 31, 2023
Cash and Due from Banks
Cash and Due from Banks	7. Cash and Due from Banks ​ Cash and due from banks consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Cash on hand ​ $ 34,835 ​ $ 39,588 Clearings and collection items ​ 73,563 ​ 162,817 Deposits at Federal Reserve Bank ​ 1,618,966 ​ 1,334,482 Deposits at Federal Home Loan Bank ​ 2,415 ​ 1,520 Deposits in FDIC-insured institutions ​ 128,921 ​ 41,105 ​ ​ $ 1,858,700 ​ $ 1,579,512 ​ ​ The amounts above include interest-bearing deposits of $1.6 billion and $1.3 billion at December 31, 2023 and 2022, respectively. Cash on hand and deposits at the Federal Reserve Bank satisfy regulatory reserve requirements at December 31, 2023 and 2022.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Premises and Equipment
Premises and Equipment	8. Premises and Equipment ​ The components of premises and equipment are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Land and premises ​ $ 124,067 ​ $ 125,039 ​ Furniture and equipment ​ 284,041 ​ 278,265 ​ ​ ​ 408,108 ​ 403,304 ​ Less accumulated depreciation and amortization ​ (239,252) ​ (218,354) ​ ​ ​ $ 168,856 ​ $ 184,950 ​ ​ The amounts shown above include gross assets recorded under finance leases of $7.8 million and $7.8 million, with accumulated amortization of $6.5 million and $5.9 million at December 31, 2023 and 2022, respectively. ​ Occupancy expense was reduced by rental income of $2.6 million, $2.4 million and $1.7 million during 2023, 2022 and 2021, respectively. Depreciation and amortization expense on premises and equipment, which includes amortization of finance leases, amounted to $23.3 million, $26.8 million and $28.4 million during 2023, 2022 and 2021, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets ​ At December 31, 2023, the carrying amount of goodwill of $267.4 million was comprised of $39.6 million recorded in connection with the acquisition of The Bank of River Oaks (“BORO”) in an all-cash transaction (“BORO Acquisition”) and $227.8 million recorded in connection with the acquisition of PCC pursuant to a plan of merger whereby PCC merged with and into a wholly owned subsidiary (the “PlainsCapital Merger”). The banking, mortgage origination and broker-dealer business segments have been assigned goodwill of $247.4 million, $13.1 million and $7.0 million, respectively. ​ Other intangible assets were $8.5 million and $11.3 million at December 31, 2023 and 2022, respectively. ​ The Company performed required annual impairment tests of its goodwill and other intangible assets having an indefinite useful life as of October 1 st for each of its reportable business segments . At October 1, 2023, the Company determined that the estimated fair value of goodwill for each of its business segments and other intangible assets exceeded their carrying values. The Company estimated the fair values of goodwill for its business segments based on both a market and income approach using historical, normalized actual and forecasted results, taking into consideration the amount by which fair value exceeded book value and sensitivities performed. Based on this evaluation, at December 31, 2023, the Company concluded that the goodwill and other identifiable intangible assets were fully realizable. ​ The Company’s evaluation includes multiple assumptions, including estimated discounted cash flows and other estimates that may change over time. If future discounted cash flows become less than those projected by the Company, future non-cash impairment charges may become necessary that could have a materially adverse impact on the Company’s results of operations and financial condition. Such a charge would have no impact on tangible capital or regulatory capital. As quoted market prices in active stock markets are relevant evidence of fair value, a significant decline in the Company’s common stock trading price may indicate an impairment of goodwill. ​ In light of the recent and continuing macroeconomic challenges in the mortgage industry given tight housing inventories and mortgage interest rate levels, the mortgage origination segment did not meet forecasted operating projections, the Company identified these collective factors as a triggering event during the second quarter of 2023. As a result, the Company performed an interim quantitative impairment test on the mortgage origination segment’s goodwill as of June 1, 2023 using revised forecasts and considering sensitivities of assumptions, and the decline in its carrying value, concluded that it was more likely than not that the mortgage origination segment’s estimated fair value of goodwill exceeded its carrying value. Subsequently, the mortgage origination segment continued to experience lower-than-forecasted operating results during the remainder of 2023 due to conditions and challenges noted above. Additionally, while the broker-dealer segment experienced higher-than-forecasted operating results during 2023 primarily driven by the combined impacts of the rising interest rate environment and a more favorable housing environment in certain areas of the country, continuing macroeconomic challenges related to mortgage loan origination volumes, customer sensitivity to interest rates and resulting demand for certain products have resulted in a challenging environment associated with the broker-dealer segment’s short- and long-term financial condition, resulting in variability in its operating results. ​ To the extent future operating performance of the Company’s reporting segments remain challenged and below forecasted projections during 2024, significant assumptions such as expected future cash flows or the risk-adjusted discount rate used to estimate fair value are adversely impacted, or upon the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause the Company to perform impairment tests on its goodwill and other intangible assets, an impairment charge may be recorded for that period. ​ While certain valuation assumptions and judgments may change to account for operating performance of the reporting segments and overall economic conditions, the Company does not anticipate significant changes in methodology used to determine the fair value of its goodwill, intangible assets and other long-lived assets. The Company will continue to monitor developments regarding future operating performance of its business segments, overall economic conditions, market capitalization, and any other triggering events or circumstances that may indicate an impairment in the future. ​ The carrying value of intangible assets subject to amortization was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2023 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (48,297) ​ $ 633 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (9,813) ​ 6,687 ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (14,163) ​ 1,137 ​ ​ ​ ​ ​ ​ ​ $ 80,730 ​ $ (72,273) ​ $ 8,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2022 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (46,801) ​ $ 2,129 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (9,063) ​ 7,437 ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (13,549) ​ 1,751 ​ ​ ​ ​ ​ ​ ​ $ 80,730 ​ $ (69,413) ​ $ 11,317 ​ ​ Amortization expense related to intangible assets during 2023, 2022 and 2021 was $2.9 million, $4.0 million and $5.1 million, respectively. The estimated aggregate future amortization expense for intangible assets at December 31, 2023 is as follows (in thousands). ​ ​ ​ ​ 2024 $ 1,826 2025 1,028 2026 959 2027 889 2028 820 Thereafter 2,935 ​ $ 8,457 ​

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2023
Mortgage Servicing Rights
Mortgage Servicing Rights	10. Mortgage Servicing Rights ​ The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 ​ 2022 ​ 2021 Balance, beginning of year $ 100,825 ​ $ 86,990 ​ $ 143,742 Additions 27,359 ​ 56,974 ​ 78,433 Sales (19,055) ​ (65,108) ​ (142,558) Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (7,848) ​ 31,292 ​ 30,525 Due to customer payoffs (4,619) ​ (9,323) ​ (23,152) Balance, end of year $ 96,662 ​ $ 100,825 ​ $ 86,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2023 ​ 2022 ​ ​ Mortgage loans serviced for others (2) $ 5,227,404 ​ $ 5,144,558 ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.85 % 1.96 % ​ (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 2022 and 2021 are MSR asset fair value adjustments totaling losses of $0.9 million and gains of $22.8 million, respectively, reflecting the difference between the MSR asset carrying values and the sale prices reflected in the letters of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​ The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2023 ​ 2022 ​ Weighted average constant prepayment rate ​ 8.65 % ​ 8.14 % Weighted average discount rate ​ 11.67 % ​ 12.10 % Weighted average life (in years) ​ 8.2 ​ ​ 8.4 ​ ​ A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Constant prepayment rate: ​ ​ ​ ​ ​ Impact of 10% adverse change $ (3,511) ​ $ (3,288) Impact of 20% adverse change (6,796) ​ (6,375) Discount rate: ​ ​ ​ ​ ​ Impact of 10% adverse change (4,474) ​ (4,797) Impact of 20% adverse change (8,537) ​ (9,147) ​ This sensitivity analysis presents the effect of hypothetical changes in key assumptions on the fair value of the MSR asset. The effect of such hypothetical changes in assumptions generally cannot be extrapolated because the relationship of the change in one key assumption to the change in the fair value of the MSR asset is not linear. In addition, in the analysis, the impact of an adverse change in one key assumption is calculated independent of any impact on other assumptions. In reality, changes in one assumption may change another assumption. ​ Contractually specified servicing fees, late fees and ancillary fees earned of $31.9 million, $37.5 million and $57.7 million during 2023, 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	12 Months Ended
	Dec. 31, 2023
Deposits
Deposits	11. Deposits ​ Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 Noninterest-bearing demand ​ $ 3,007,101 ​ $ 3,968,862 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 4,496,682 ​ 4,110,418 ​ Brokered - demand ​ 156,692 ​ 5,336 ​ Money market ​ 1,869,809 ​ 2,045,554 ​ Brokered - money market ​ 8,828 ​ 9,031 ​ Savings ​ 259,745 ​ 312,140 ​ Time ​ 1,221,935 ​ 864,408 ​ Brokered - time ​ 42,400 ​ — ​ ​ ​ $ 11,063,192 ​ $ 11,315,749 ​ ​ At December 31, 2023, remaining maturities of estimated uninsured time deposits greater than $250,000 were $543.3 million. Scheduled maturities of all time deposits at December 31, 2023 are as follows (in thousands). ​ ​ ​ ​ ​ ​ 2024 $ 1,164,041 ​ 2025 ​ 40,362 ​ 2026 ​ 7,624 ​ 2027 ​ 6,431 ​ 2028 and thereafter ​ 45,877 ​ ​ ​ $ 1,264,335 ​ ​

Short-term Borrowings

Short-term Borrowings	12 Months Ended
	Dec. 31, 2023
Short-term Borrowings
Short-term Borrowings	12. Short-term Borrowings ​ Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Federal funds purchased ​ $ 459,658 ​ $ 397,108 Securities sold under agreements to repurchase ​ 240,050 ​ 297,856 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ — ​ ​ 57,500 Commercial paper ​ 200,330 ​ 217,592 ​ ​ $ 900,038 ​ $ 970,056 ​ Federal Funds Purchased and Securities Sold under Agreements to Repurchase ​ Federal funds purchased and securities sold under agreements to repurchase generally mature one ​ Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 2021 Average balance during the year ​ $ 804,515 ​ $ 573,183 ​ $ 363,964 ​ Average interest rate during the year ​ 5.53 % ​ 2.19 % 0.34 % Maximum month-end balance during the year ​ $ 1,341,502 ​ $ 741,499 ​ $ 427,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ Average interest rate at end of year ​ ​ 5.60 % ​ 4.37 % ​ ​ ​ Securities underlying the agreements at end of year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 239,103 ​ $ 296,075 ​ ​ ​ ​ Estimated fair value ​ $ 262,408 ​ $ 318,409 ​ ​ ​ ​ ​ Federal Home Loan Bank (“FHLB”) ​ FHLB short-term borrowings mature over terms not exceeding 365 days and are collateralized by FHLB Dallas stock, nonspecified real estate loans and certain specific commercial real estate loans. At December 31, 2023, the Bank had available collateral of $4.3 billion, substantially all of which was blanket collateral. Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ Average balance during the year ​ $ 135,274 ​ $ — ​ $ — ​ Average interest rate during the year ​ ​ 5.10 % ​ — % ​ — % Maximum month-end balance during the year ​ $ 500,000 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ ​ 2023 ​ ​ 2022 ​ ​ ​ ​ Average interest rate at end of year ​ ​ — % ​ — % ​ ​ ​ ​ 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. There were no outstanding short-term bank loans at December 31, 2023, while the weighted average interest rate on the short-term bank loan borrowings at December 31, 2022 was 5.50%. ​ 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 December 31, 2023, the weighted average maturity of the CP Notes was 138 days at a rate of 6.32%, with a weighted average remaining life of 67 days. At December 31, 2023, the amount outstanding under these secured arrangements was $200.3 million, which was collateralized by securities held for Hilltop Securities accounts valued at $222.6 million.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2023
Notes Payable
Notes Payable	13. Notes Payable ​ Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Senior Notes due April 2025, net of discount of $502 and $699, respectively ​ $ 149,498 ​ $ 149,301 Subordinated Notes due May 2030, net of discount of $511 and $610, respectively ​ 49,489 ​ 49,390 Subordinated Notes due May 2035, net of discount of $1,842 and $2,037, respectively ​ 148,158 ​ 147,963 Ventures Management lines of credit ​ ​ — ​ ​ — ​ ​ $ 347,145 ​ $ 346,654 ​ Senior Notes ​ On April 9, 2015, Hilltop completed an offering of $150.0 million aggregate principal amount of its 5% senior notes due 2025 (“Senior Unregistered Notes”) in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Senior Unregistered Notes were offered within the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to persons outside of the United States under Regulation S under the Securities Act. The Senior Unregistered Notes were issued pursuant to an indenture, dated as of April 9, 2015, by and between Hilltop and U.S. Bank National Association, as trustee. The net proceeds from the offering, after deducting estimated fees and expenses and the initial purchasers’ discounts, were approximately $148 million. Hilltop used the net proceeds of the offering to redeem all of Hilltop’s outstanding Non-Cumulative Perpetual Preferred Stock, Series B at an aggregate liquidation value of $114.1 million, plus accrued but unpaid dividends of $0.4 million, and Hilltop utilized the remainder for general corporate purposes. Unamortized debt issuance costs presented as a reduction from the Senior Notes are discussed further in Note 1 to the consolidated financial statements. ​ In connection with the issuance of the Senior Unregistered Notes, on April 9, 2015, the Company entered into a registration rights agreement with the initial purchasers of the Senior Unregistered Notes. Under the terms of the registration rights agreement, the Company agreed to offer to exchange the Senior Unregistered Notes for notes registered under the Securities Act (the “Senior Registered Notes”). The terms of the Senior Registered Notes are substantially identical to the Senior Unregistered Notes for which they were exchanged (including principal amount, interest rate, maturity and redemption rights), except that the Senior Registered Notes generally are not subject to transfer restrictions. On May 22, 2015 and subject to the terms and conditions set forth in the Senior Registered Notes prospectus, the Company commenced an offer to exchange the Senior Unregistered Notes for Senior Registered Notes. Substantially all of the Senior Unregistered Notes were tendered in the exchange offer, and on June 22, 2015, the Company fulfilled its requirements under the registration rights agreement for the Senior Unregistered Notes by issuing Senior Registered Notes in exchange for the tendered Senior Unregistered Notes. The Senior Registered Notes and the Senior Unregistered Notes that remain outstanding are collectively referred to as the “Senior Notes.” ​ The Senior Notes bear interest at a rate of 5% per year, payable semi-annually in arrears in cash on April 15 and October 15 of each year. The Senior Notes will mature on April 15, 2025, unless Hilltop redeems the Senior Notes, in whole at any time or in part from time to time, on or after January 15, 2025 (three months prior to the maturity date of the Senior Notes) at its election at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed plus accrued and unpaid interest to, but excluding, the redemption date. ​ The indenture contains covenants that limit the Company’s ability to, among other things and subject to certain significant exceptions: (i) dispose of or issue voting stock of certain of the Company’s bank subsidiaries or subsidiaries that own voting stock of the Company’s bank subsidiaries, (ii) incur or permit to exist any mortgage, pledge, encumbrance or lien or charge on the capital stock of certain of the Company’s bank subsidiaries or subsidiaries that own capital stock of the Company’s bank subsidiaries and (iii) sell all or substantially all of the Company’s assets or merge or consolidate with or into other companies. The indenture also provides for certain events of default, which, if any of them occurs, would permit or require the principal amount, premium, if any, and accrued and unpaid interest on the then outstanding Senior Notes to be declared immediately due and payable. ​ Subordinated Notes ​ On May 7, 2020, Hilltop completed a public offering of $50 million aggregate principal amount of 5.75% fixed-to-floating rate subordinated notes due May 15, 2030 (the “2030 Subordinated Notes”) and $150 million aggregate principal amount of 6.125% fixed-to-floating rate subordinated notes due May 15, 2035 (the “2035 Subordinated Notes”) (collectively, the “Subordinated Notes”). The price for the Subordinated Notes was 100% of the principal amount of the Subordinated Notes. The net proceeds from the offering, after deducting underwriting discounts and fees and expenses of $3.4 million, were $196.6 million. ​ The 2030 Subordinated Notes and the 2035 Subordinated Notes will mature on May 15, 2030 and May 15, 2035, respectively. Hilltop may redeem the Subordinated Notes, in whole or in part, from time to time, subject to obtaining regulatory approval, beginning with the interest payment date of May 15, 2025 for the 2030 Subordinated Notes and beginning with the interest payment date of May 15, 2030 for the 2035 Subordinated Notes, in each case at a redemption price equal to 100% of the principal amount of the Subordinated Notes being redeemed plus accrued and unpaid interest to but excluding the date of redemption. ​ The 2030 Subordinated Notes bear interest at the rate of 5.75% per year, payable semi-annually in arrears commencing on November 15, 2020. The interest rate for the 2030 Subordinated Notes will reset quarterly beginning May 15, 2025 to an interest rate, per year, equal to the then-current benchmark rate, which is expected to be three-month term Secured Overnight Financing Rate ​ Federal Home Loan Bank notes ​ The FHLB notes, as well as other borrowings from the FHLB, are collateralized by FHLB stock, a blanket lien on commercial and real estate loans, as well as by the amount of securities that are in safekeeping at the FHLB. ​ Ventures Management Lines of Credit ​ At December 31, 2023, Ventures Management’s ABAs had combined available lines of credit totaling $65.0 million, all of which was with the Bank. At December 31, 2023, Ventures Management had outstanding borrowings of $31.2 million, all of which have been eliminated in consolidation in the table presented above, with a stated interest rate of the greater of a 5.25% floor or The Wall Street Journal Prime Rate minus 25 basis points. The weighted average interest rate of these lines of credit at December 31, 2023 was 8.5%. The Ventures Management lines of credit are collateralized by mortgage notes, and the loan agreements relating to the lines of credit contain various financial and other covenants which must be maintained until all indebtedness to the financial institution is repaid. ​ Scheduled Maturities ​ Scheduled maturities for notes payable outstanding at December 31, 2023 are as follows (in thousands). ​ ​ ​ ​ 2024 $ — 2025 150,000 2026 — 2027 — 2028 — Thereafter 200,000 ​ $ 350,000 ​

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases
Leases	14 . Leases ​ Hilltop and its subsidiaries lease space, primarily for corporate offices, branch facilities and automated teller machines, under both operating and finance leases. Certain of the Company’s leases have options to extend, with the longest extension option being options ​ Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 ​ ​ 2022 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (6,537) ​ ​ (5,948) Premises and equipment, net ​ $ 1,243 ​ $ 1,832 ​ Operating lease rental cost and finance lease amortization of ROU assets is included within occupancy and equipment, net in the consolidated statements of operations. Finance lease interest expense is included within other interest expense in the consolidated statements of operations. The Company does not generally enter into leases which contain variable payments, other than due to the passage of time. The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Operating lease cost ​ $ 34,606 ​ $ 36,950 ​ $ 38,862 Less operating lease and sublease income ​ ​ (2,585) ​ ​ (2,380) ​ ​ (1,719) Net operating lease cost ​ $ 32,021 ​ $ 34,570 ​ $ 37,143 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 590 ​ $ 590 ​ $ 590 Interest on lease liabilities ​ ​ 424 ​ ​ 478 ​ ​ 522 Total finance lease cost ​ $ 1,014 ​ $ 1,068 ​ $ 1,112 ​ Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 36,629 ​ $ 29,216 ​ $ 37,239 Operating cash flows from finance leases ​ ​ 427 ​ ​ 482 ​ ​ 522 Financing cash flows from finance leases ​ ​ 852 ​ ​ 759 ​ ​ 689 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 13,506 ​ $ 24,078 ​ $ 41,615 Finance leases ​ ​ — ​ ​ — ​ ​ — ​ Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 5.3 ​ 4.59 % ​ 5.7 ​ 3.89 % Finance ​ 3.3 ​ 4.98 % ​ 4.0 ​ 4.89 % ​ Future minimum lease payments, under lease agreements as of December 31, 2023, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2024 $ 30,461 ​ $ 1,163 2025 ​ 24,454 ​ ​ 886 2026 ​ 19,363 ​ ​ 813 2027 ​ 15,288 ​ ​ 448 2028 ​ 11,307 ​ ​ 149 Thereafter ​ 21,223 ​ ​ — Total minimum lease payments ​ 122,096 ​ ​ 3,459 Less amount representing interest ​ (13,094) ​ ​ (910) Lease liabilities $ 109,002 ​ $ 2,549 ​ As of December 31, 2023, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $3.1 million. These operating leases are expected to commence between February 2024 and March 2024 with lease terms ranging from two

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes
Income Taxes	15. Income Taxes ​ The significant components of the income tax provision are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 19,681 ​ $ 24,951 ​ $ 103,396 State ​ ​ 4,455 ​ ​ 3,698 ​ ​ 21,657 ​ ​ 24,136 ​ ​ 28,649 ​ ​ 125,053 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 6,131 ​ $ 7,377 ​ $ (4,454) State ​ ​ 873 ​ ​ 807 ​ ​ (2,623) ​ ​ 7,004 ​ ​ 8,184 ​ ​ (7,077) ​ ​ $ 31,140 ​ $ 36,833 ​ $ 117,976 ​ The income tax provision differs from the amount that would be computed by applying the statutory federal income tax rate to income before income taxes as a result of the following (in thousands). The applicable corporate federal income tax rates were 21% for all periods presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Computed tax at federal statutory rate ​ $ 31,315 ​ $ 32,787 ​ $ 105,855 ​ Tax effect of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nondeductible expenses ​ ​ 1,953 ​ 1,290 ​ ​ 1,195 ​ Compensation limitation ​ ​ 2,918 ​ 4,106 ​ ​ 2,862 ​ State income taxes ​ 1,466 ​ 3,559 ​ ​ 15,037 ​ Tax-exempt income, net ​ (2,390) ​ (1,620) ​ ​ (2,347) ​ Minority interest ​ (1,721) ​ (1,294) ​ ​ (2,436) ​ Other ​ ​ (2,401) ​ (1,995) ​ ​ (2,190) ​ ​ ​ $ 31,140 ​ $ 36,833 ​ $ 117,976 ​ ​ The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Deferred tax assets: ​ ​ ​ ​ ​ ​ ​ Net operating and built-in loss carryforward ​ $ 406 ​ $ 1,379 ​ Purchase accounting adjustment - loans ​ 4,751 ​ ​ 6,393 ​ Allowance for credit losses ​ 26,711 ​ ​ 23,610 ​ Compensation and benefits ​ 15,029 ​ ​ 19,055 ​ Legal and other reserves ​ 4,116 ​ ​ 6,515 ​ Net unrealized losses on securities and other investments ​ ​ 36,332 ​ ​ 40,116 ​ Operating lease liabilities ​ 25,811 ​ ​ 29,993 ​ Other ​ ​ 5,473 ​ ​ 5,311 ​ ​ ​ 118,629 ​ 132,372 ​ Deferred tax liabilities: ​ ​ ​ ​ ​ ​ ​ Premises and equipment ​ 14,143 ​ ​ 17,860 ​ Intangible assets ​ 1,946 ​ ​ 2,360 ​ Derivatives ​ 1,801 ​ ​ 393 ​ Loan servicing ​ 23,100 ​ ​ 24,098 ​ Operating lease ROU assets ​ 21,079 ​ ​ 24,347 ​ Deferred loan fees ​ 6,655 ​ ​ 4,227 ​ Other ​ 3,097 ​ ​ 1,036 ​ ​ ​ 71,821 ​ 74,321 ​ Net deferred tax asset ​ $ 46,808 ​ $ 58,051 ​ ​ The Company’s effective tax rate was 20.9%, 23.6% and 23.4% during 2023, 2022 and 2021, respectively. The effective tax rate for 2023 was lower than the applicable statutory rate due to the impacts of excess tax benefits on share-based payment awards, investments in tax-exempt instruments and changes in accumulated tax reserves, partially offset by nondeductible expenses and the booking of additional taxes from a recent change in the source of funding for an acquired non-qualified, deferred compensation plan, while 2022 and 2021 approximated statutory rates and included the effect of investments in tax-exempt instruments, offset by nondeductible expenses. ​ At December 31, 2023, the Company had no net operating loss carryforwards for federal income tax purposes. At December 31, 2023, the Company had fully recognized built-in loss (“RBIL”) amounts arising from the ownership change resulting from the acquisition of SWS Group, Inc. (“SWS Merger”). These RBILs were recognized during a five year recognition period and were fully realized prior to any expiration. ​ Based on the Company’s evaluation of its deferred tax assets, management determined that no valuation allowance against its gross deferred tax assets was necessary at December 31, 2023 or 2022. ​ GAAP requires the measurement of uncertain tax positions. Uncertain tax positions are the difference between a tax position taken, or expected to be taken, in a tax return and the benefit recognized for accounting purposes. At December 31, 2023 and 2022, the total amount of gross unrecognized tax benefits was $2.9 million and $5.3 million, respectively, of which $2.3 million and $4.2 million, respectively, if recognized, would favorably impact the Company’s effective tax rate. ​ The aggregate changes in gross unrecognized tax benefits, which excludes interest and penalties, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year ​ $ 5,273 ​ $ 4,869 ​ $ 3,778 ​ Increases related to tax positions taken during a prior year ​ — ​ ​ — ​ ​ 603 ​ Decreases related to tax positions taken during a prior year ​ (1,719) ​ ​ (767) ​ ​ — ​ Increases related to tax positions taken during the current year ​ ​ 266 ​ ​ 2,077 ​ ​ 1,249 ​ Decreases related to expiration of the statute of limitations ​ ​ (936) ​ ​ (906) ​ ​ (761) ​ Balance, end of year ​ $ 2,884 ​ $ 5,273 ​ $ 4,869 ​ ​ Specific positions that may be resolved include issues involving apportionment and tax credits. At December 31, 2023, the unrecognized tax benefit is a component of taxes receivable, which is included in other assets within the consolidated balance sheet. ​ The Company files income tax returns in U.S. federal and numerous state jurisdictions. The Company is subject to tax examinations in numerous jurisdictions in the United States until the applicable statute of limitations expires. The Company is no longer subject to U.S. federal tax examinations for tax years prior to 2020. The Company is open for various state tax examinations for tax years 2019 and later.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2023
Employee Benefits
Employee Benefits	16. Employee Benefits ​ Hilltop and its subsidiaries have benefit plans that provide for elective deferrals by employees under Section 401(k) of the Internal Revenue Code. Employee contributions are determined by the level of employee participation and related salary levels per Internal Revenue Service regulations. Hilltop and its subsidiaries match a portion of employee contributions based on the amount of eligible employees’ contributions and salaries. The amount charged to operating expense for these matching contributions totaled $10.4 million, $15.9 million and $18.5 million during 2023, 2022 and 2021, respectively. ​ In July 2020, pursuant to stockholders’ approval, the Company adopted the Hilltop Holdings Inc. Employee Stock Purchase Plan (the “ESPP”) to provide a means for eligible employees of the Company to purchase shares of Hilltop common stock at a discounted price by accumulating funds, normally through payroll deductions and is intended to qualify under Section 423 of the Internal Revenue Code. Participating employees may purchase shares of common stock at 90% of the fair market value on the last day of each quarterly offering period. The initial offering period commenced on January 1, 2021. ​ Effective upon the completion of the PlainsCapital Merger, the Company recorded a liability associated with separate retention agreements originally entered into between Hilltop and two executive officers. At December 31, 2023 and 2022, the recorded liability, including interest, was $2.7 million and $2.6 million related to a single executive officer. ​ The Bank purchased $15.0 million of flexible premium universal life insurance in 2001 to help finance the annual expense incurred in providing various employee benefits. At December 31, 2023 and 2022, the carrying value of the policies included in other assets was $28.6 million and $27.9 million, respectively. During each of 2023, 2022 and 2021, the Bank recorded income of $0.5 million, $0.5 million and $0.5 million, respectively, related to the policies that was reported in other noninterest income within the consolidated statement of operations. ​ Deferred Compensation Plan ​ As a result of the SWS Merger, the Company assumed a deferred compensation plan (the “SWS Plan”) that allowed former SWS eligible officers and employees to defer a portion of their bonus compensation and commissions. The SWS Plan was formally terminated in September 2022 with scheduled liquidation and distributions to participants no later than August 2024. The SWS Plan matched 15% of the deferrals made by participants up to a predetermined limit through matching contributions that vest ratably over four years. Pursuant to the terms of the SWS Plan, the trustee periodically purchased the former SWS common stock in the open market. As a result of the SWS Merger, the former SWS common shares were converted into Hilltop common stock based on the terms of the merger agreement. ​ The assets of the SWS Plan are held in a rabbi trust and primarily include investments in company-owned life insurance (“COLI”) and Hilltop common stock. These assets are consolidated with those of the Company. Investments in COLI are carried at the cash surrender value of the insurance policies and recorded in other assets within the consolidated balance sheet at December 31, 2023 and 2022. Investments in Hilltop common stock, which are carried at cost, and the corresponding liability related to the deferred compensation plan are presented as components of stockholders’ equity as employee stock trust and deferred compensation employee stock trust, net, at December 31, 2023 and 2022.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions
Related Party Transactions	17. Related Party Transactions ​ Jeremy B. Ford, a director and the President and Chief Executive Officer of Hilltop, is the beneficiary of a trust that owns a 49% limited partnership interest in Diamond A Financial, L.P., which owned 24.3% of the outstanding Hilltop common stock at December 31, 2023. ​ Jeremy B. Ford is the son of Gerald J. Ford. Corey G. Prestidge, Hilltop’s General Counsel and Secretary, is the son-in-law of Gerald J. Ford. Accordingly, Messrs. Jeremy Ford and Corey Prestidge are brothers-in-law. ​ In the ordinary course of business, the Bank has granted loans to certain directors, executive officers and their affiliates (collectively referred to as related parties) totaling $0.5 million and $0.5 million at December 31, 2023 and 2022, respectively. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability. For such loans during 2023, there were no principal additions and payments were de minimis. ​ At December 31, 2023 and 2022, the Bank held deposits of related parties of $64.9 million and $233.1 million, respectively. ​ A related party is the lessor in an operating lease with Hilltop. Hilltop’s minimum payment under the lease is currently $0.6 million annually through 2028, for an aggregate minimum remaining obligation of $3.0 million at December 31, 2023. ​ The Bank purchased loans from a company for which a related party served as a director, president and chief executive officer. At December 31, 2023, the outstanding balance of the purchased loans were paid off, while at December 31, 2022, the outstanding balance was $0.1 million. The loans were purchased with recourse in the ordinary course of business and the related party had no direct financial interest in the transaction. ​ Hilltop Plaza Investment ​ On July 31, 2018, Hillcrest Land LLC purchased approximately 1.7 acres of land in the City of University Park, Texas for $38.5 million. Hillcrest Land LLC is owned equally between Hilltop Investments I, LLC, a wholly owned entity of Hilltop, and Diamond Ground, LLC, an affiliate of Mr. Gerald J. Ford. Each of Hilltop Investments I, LLC and Diamond Ground In connection with the purchase of the land, Hillcrest Land LLC entered into a 99-year ground lease of the land with three tenants-in-common: SPC Park Plaza Partners LLC (“Park Plaza LLC”), an unaffiliated entity which received an undivided 50% leasehold interest; HTH Project LLC, a wholly owned subsidiary of Hilltop, which received an undivided 25% leasehold interest; and Diamond Hillcrest, LLC (“Diamond Hillcrest”), an entity owned by Mr. Gerald J. Ford, which received an undivided 25% leasehold interest (collectively, the “Co-Owners”). The ground lease was classified as an operating lease under ASC 840, and the accounting commencement date was determined to be July 31, 2018, the date the land was available to the Co-Owners. ​ Concurrent with the ground lease, the Co-Owners entered into an agreement to purchase the improvements of a mixed-use project containing a six-story building (“Hilltop Plaza”). HTH Project LLC and Diamond ​ Hilltop and the Bank entered into separate 129-month June 20, 2019 ​ All intercompany transactions associated with the Hilltop Plaza investment and the related transactions discussed above are eliminated in consolidation.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies
Commitments and Contingencies	18. Commitments and Contingencies ​ During 2023, the Bank acted as agent on behalf of certain correspondent banks in the purchase and sale of federal funds. At December 31, 2023 and 2022, the Bank did not have any federal funds sold acting as an agent. ​ 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. ​ While the mortgage origination segment’s sales contracts typically include borrower early payment default repurchase provisions, these provisions have not been a primary driver of claims to date, and therefore, are not a primary factor considered in the calculation of this reserve. ​ At December 31, 2023 and 2022, the mortgage origination segment’s indemnification liability reserve totaled $11.7 million and $20.5 million, respectively. The provision for indemnification losses was $1.6 million, $1.5 million, and $10.0 million during 2023, 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 ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 31,244 ​ $ 31,407 ​ $ 30,085 ​ Claims made 54,507 ​ 56,579 ​ 26,290 ​ Claims resolved with no payment (12,851) ​ (14,499) ​ (11,690) ​ Repurchases (40,875) ​ (42,243) ​ (11,934) ​ Indemnification payments (5,116) ​ — ​ (1,344) ​ Balance, end of year $ 26,909 ​ $ 31,244 ​ $ 31,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 20,528 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales 1,649 ​ 2,532 ​ 10,966 ​ Repurchases (9,875) ​ (7,941) ​ (3,559) ​ Early payment defaults (352) ​ (423) ​ (189) ​ Indemnification payments (259) ​ — ​ (366) ​ Change in reserves for loans sold in prior years — ​ (1,064) ​ (959) ​ Balance, end of year $ 11,691 ​ $ 20,528 ​ $ 27,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims $ 951 ​ $ 627 ​ ​ ​ ​ Incurred but not reported claims 10,740 ​ ​ 19,901 ​ ​ ​ ​ Total $ 11,691 ​ $ 20,528 ​ ​ ​ ​ ​ Although management considers the total indemnification liability reserve to be appropriate, there may be changes in the reserve over time to address incurred losses due to unanticipated adverse changes in the economy and historical loss patterns, discrete events adversely affecting specific borrowers or industries, and/or actions taken by institutions or investors. The impact of such matters is considered in the reserving process when probable and estimable. ​ Other Contingencies ​ As discussed in Note 16 to the consolidated financial statements, effective upon completion of the PlainsCapital Merger, Hilltop entered into separate retention agreements with certain executive officers. As of December 31, 2023, a single retention agreement remains, with an initial term of two years (with automatic one-year renewals at the end of the first year and each anniversary thereof). This retention agreement provides for severance pay benefits if the executive officer’s employment is terminated without “cause.” ​ In addition to this retention agreement, Hilltop and its subsidiaries maintain employment contracts with certain officers that provide for benefits in the event of a “change in control” as defined in these agreements.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2023
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	19. Financial Instruments with Off-Balance Sheet Risk ​ Banking ​ The Bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit that involve varying degrees of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received. The contract amounts of those instruments reflect the extent of involvement (and therefore the exposure to credit loss) the Bank has in particular classes of financial instruments. ​ Commitments to extend credit are agreements to lend to a customer provided that the terms established in the contract are met. Commitments generally have fixed expiration dates and may require payment of fees. Because some commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These letters of credit are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers. ​ In the aggregate, the Bank had outstanding unused commitments to extend credit of $2.2 billion at December 31, 2023 and outstanding financial and performance standby letters of credit of $52.8 million at December 31, 2023. ​ The Bank uses the same credit policies in making commitments and standby letters of credit as it does for loans held for investment. The amount of collateral obtained, if deemed necessary, in these transactions is based on management’s credit evaluation of the borrower. Collateral held varies but may include real estate, accounts receivable, marketable securities, interest-bearing deposit accounts, inventory, and property, plant and equipment. ​ Broker-Dealer ​ In the normal course of business, the Hilltop Broker-Dealers execute, settle, and finance various securities transactions that may expose the Hilltop Broker-Dealers to off-balance sheet risk in the event that a customer or counterparty does not fulfill its contractual obligations. Examples of such transactions include the sale of securities not yet purchased by customers or for the accounts of the Hilltop Broker-Dealers, use of derivatives to support certain non-profit housing organization clients and to hedge changes in the fair value of certain securities, clearing agreements between the Hilltop Broker-Dealers and various clearinghouses and broker-dealers, secured financing arrangements that involve pledged securities, and when-issued underwriting and purchase commitments.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Stock-Based Compensation
Stock-Based Compensation	20. Stock-Based Compensation ​ Since 2012, the Company has issued stock-based incentive awards pursuant to the Hilltop Holdings Inc. 2012 Equity Incentive Plan (the “2012 Plan”). In July 2020, pursuant to stockholders’ approval, the Company adopted the Hilltop Holdings Inc. 2020 Equity Incentive Plan (the “2020 Plan”). The 2020 Plan serves as successor to the 2012 Plan. The 2012 Plan and the 2020 Plan are referred to collectively as “the Equity Plans.” The Equity Plans provide for the grant of nonqualified stock options, stock appreciation rights, restricted stock, RSUs, performance awards, dividend equivalent rights and other awards to employees of the Company, its subsidiaries and outside directors of the Company. Shares available for grant under the 2012 Plan that were reserved but not issued as of the effective date of the 2020 Plan were added to the reserves of the 2020 Plan. No additional awards may be made under the 2012 Plan, but the 2012 Plan remains in effect as to outstanding awards. Outstanding awards under the Equity Plans continue to be subject to the terms and conditions of the respective Plans. The number of shares authorized for issuance pursuant to awards under the 2020 Plan is 3,650,000 plus any shares that become available upon the forfeiture, expiration, cancellation or settlement in cash awards outstanding under the 2012 Plan as of April 30, 2020. At December 31, 2023, 1,995,985 shares of common stock remained available for issuance pursuant to awards granted under the 2020 Plan, excluding shares that may be delivered pursuant to outstanding awards. Compensation expense related to the Equity Plans was $15.5 million, $15.6 million and $17.5 million during 2023, 2022 and 2021, respectively. ​ During 2023, 2022 and 2021, Hilltop granted 17,912, 21,545 and 17,300 shares of common stock, respectively, pursuant to the Equity Plans to certain non-employee members of the Company’s board of directors for services rendered to the Company. ​ Restricted Stock Units ​ The Compensation Committee of the board of directors of the Company issued RSUs to certain employees pursuant to the Equity Plans. Certain RSUs are subject to time-based vesting conditions and generally provided for a cliff vest on the third anniversary of the grant date, while other RSUs provided for vesting based upon the achievement of certain performance goals over a three-year period subject to service conditions set forth in the award agreements, with associated costs generally recognized on a straight-line basis over the respective vesting periods. The RSUs are not transferable, and the shares of common stock issuable upon conversion of vested RSUs may be subject to transfer restrictions for a period of one year following conversion, subject to certain exceptions. In addition, the applicable RSU award agreements provide for accelerated vesting under certain conditions. ​ The following table summarizes information about nonvested RSU activity for the periods presented (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (475) ​ $ 27.63 ​ Forfeited ​ (21) ​ $ 23.29 Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 551 ​ $ 33.22 ​ Vested/Released ​ (732) ​ $ 20.00 ​ Forfeited ​ (140) ​ $ 24.75 Balance, December 31, 2022 ​ 1,548 ​ $ 28.09 ​ Granted ​ 479 ​ $ 34.36 ​ Vested/Released ​ (751) ​ $ 21.93 ​ Forfeited ​ (24) ​ $ 32.30 Balance, December 31, 2023 ​ 1,252 ​ $ 34.10 ​ Vested/Released RSUs include an aggregate of 379,576 shares withheld to satisfy employee statutory tax obligations during 2023, 2022 and 2021. ​ During 2023, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 386,850 RSUs pursuant to the Equity Plans. At December 31, 2023, 289,272 of these RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 88,073 of these outstanding RSUs will cliff vest ​ At December 31, 2023, in the aggregate, 877,231 of the RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 374,299 outstanding RSUs cliff vest based upon the achievement of certain performance

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Regulatory Matters
Regulatory Matters	21. Regulatory Matters ​ Banking and Hilltop ​ PlainsCapital, which includes the Bank and PrimeLending, and Hilltop are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct, material effect on the consolidated financial statements. The regulations require PlainsCapital and Hilltop to meet specific capital adequacy guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company performs reviews of the classification and calculation of risk-weighted assets to ensure accuracy and compliance with the Basel III regulatory capital requirements as implemented by the Board of Governors of the Federal Reserve System. The capital classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the companies to maintain minimum amounts and ratios (set forth in the following table) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of common equity Tier 1, Tier 1 and total capital (as defined) to risk-weighted assets (as defined). ​ In order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers, Basel III requires banking organizations to maintain a capital conservation buffer above minimum risk-based capital requirements measured relative to risk-weighted assets. ​ The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. Actual capital amounts and ratios as of December 31, 2023 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 through December 31, 2024. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ December 31, 2023 ​ December 31, 2022 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,407,660 10.55 % $ 1,405,164 10.26 % 4.0 % 5.0 % Hilltop ​ 1,974,918 12.23 % 1,900,701 11.47 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,407,660 15.44 % ​ 1,405,164 14.98 % 7.0 % 6.5 % Hilltop ​ ​ 1,974,918 19.32 % ​ 1,900,701 18.23 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,407,660 15.44 % 1,405,164 14.98 % 8.5 % 8.0 % Hilltop ​ 1,974,918 19.32 % 1,900,701 18.23 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,511,239 16.58 % 1,492,576 15.91 % 10.5 % 10.0 % Hilltop ​ 2,284,357 22.34 % 2,187,652 20.98 % 10.5 % N/A ​ ​ A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ PlainsCapital Hilltop PlainsCapital Hilltop Total equity capital ​ $ 1,549,451 ​ $ 2,122,967 ​ $ 1,533,492 ​ $ 2,036,924 ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net unrealized holding losses (gains) on securities available for sale and held in trust ​ 120,348 ​ 121,505 ​ 133,531 ​ 133,531 ​ CECL transition adjustment ​ ​ 3,932 ​ ​ 4,396 ​ ​ 5,898 ​ ​ 6,594 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill and other disallowed intangible assets ​ ​ (266,071) ​ (273,950) ​ (267,757) ​ (276,348) ​ Common equity Tier 1 capital (as defined) ​ ​ 1,407,660 ​ 1,974,918 ​ 1,405,164 ​ ​ 1,900,701 ​ Add: Tier 1 capital ​ — ​ ​ — ​ ​ — ​ ​ — ​ Deduct: Additional Tier 1 capital deductions ​ — ​ — ​ — ​ — ​ Tier 1 capital (as defined) ​ 1,407,660 ​ 1,974,918 ​ 1,405,164 ​ 1,900,701 ​ Add: Allowable Tier 2 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses, including unfunded commitments ​ 113,965 ​ 120,289 ​ 102,991 ​ 103,226 ​ Capital instruments ​ ​ — ​ 200,000 ​ — ​ 200,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 2 capital deductions ​ ​ (10,386) ​ (10,850) ​ (15,579) ​ (16,275) ​ Total capital (as defined) ​ $ 1,511,239 ​ $ 2,284,357 ​ $ 1,492,576 ​ $ 2,187,652 ​ ​ Broker-Dealer ​ Pursuant to the net capital requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Hilltop Securities has elected to determine its net capital requirements using the alternative method. Accordingly, Hilltop Securities is required to maintain minimum net capital, as defined in Rule 15c3-1 promulgated under the Exchange Act, equal to the greater of $1,000,000 or 2% of aggregate debit balances, as defined in Rule 15c3-3 promulgated under the Exchange Act. Additionally, the net capital rule of the NYSE provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of the aggregate debit items. Momentum Independent Network follows the primary (aggregate indebtedness) method, as defined in Rule 15c3-1 promulgated under the Exchange Act, which requires the maintenance of the larger of $250,000 or 6-2/3% of aggregate indebtedness. ​ At December 31, 2023, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 281,119 ​ $ 4,214 ​ Less: required net capital ​ ​ 6,868 ​ ​ 258 ​ Excess net capital ​ $ 274,251 ​ $ 3,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 81.9 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 263,948 ​ ​ ​ ​ ​ Under certain conditions, Hilltop Securities may be required to segregate cash and securities in a special reserve account for the benefit of customers under Rule 15c3-3 promulgated under the Exchange Act. Assets segregated for regulatory purposes under the provisions of the Exchange Act are restricted and not available for general corporate purposes. At December 31, 2023 and 2022, the Hilltop Broker-Dealers held cash of $57.4 million and $67.7 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash or securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at December 31, 2023. ​ Mortgage Origination ​ As a mortgage originator, PrimeLending and its subsidiaries are subject to minimum capital, 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, including timely reporting if a quarter’s operating loss exceeds more than 20% of its previous quarter or year-end net worth (“the operating loss ratio”). If this occurs, certain additional financial reporting submissions are required. As of December 31, 2023, PrimeLending and its subsidiaries’ operating loss ratio of 20.5%, which was reported to HUD. As of December 31, 2023, PrimeLending and its subsidiaries’ capital, net worth and liquidity exceeded the amounts required by HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity
Stockholders' Equity	22. Stockholders’ Equity ​ The Bank is subject to certain restrictions on the amount of dividends it may declare without prior regulatory approval. At December 31, 2023, $23.9 million of its earnings was available for dividend declaration without prior regulatory approval. ​ Dividends ​ During 2023, 2022 and 2021, the Company declared and paid cash dividends of $0.64, $0.60 and $0.48 per common share, or $41.6 million, $43.0 million and $39.0 million, respectively. ​ On January 25, 2024, the Company announced that its board of directors declared a quarterly cash dividend of $0.17 per common share, payable on February 28, 2024, to all common stockholders of record as of the close of business on February 12, 2024. ​ Stock Repurchase Programs ​ The Company’s board of directors has periodically approved stock repurchase programs under which it authorized the Company to repurchase its outstanding common stock. Under the respective stock repurchase program authorized, the Company could repurchase shares in open-market purchases or through privately negotiated transactions as permitted under Rule 10b-18 promulgated under the Exchange Act. The extent to which the Company repurchased its shares and the timing of such repurchases depended upon market conditions and other corporate considerations, as determined by Hilltop’s management team. Repurchased shares will be returned to the Company’s pool of authorized but unissued shares of common stock. ​ In January 2021, the Hilltop board of directors authorized a new stock repurchase program through January 2022, pursuant to which the Company was originally authorized to repurchase, in the aggregate, up to $75.0 million of its outstanding common stock. In July 2021, the Hilltop board of directors authorized an increase to the aggregate amount of common stock the Company could repurchase under this program by $75.0 million to $150.0 million. Then, in October 2021, the Hilltop board of directors authorized an increase to the aggregate amount of common stock the Company could repurchase under this program by $50.0 million to $200.0 million, which is inclusive of repurchases to offset dilution related to grants of stock-based compensation. During 2021, the Company paid $123.6 million to repurchase an aggregate of 3,632,482 shares of common stock at an average price of $34.01 per share. ​ In January 2022, the Hilltop board of directors authorized a new stock repurchase program through January 2023, pursuant to which the Company 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 repurchased during 2022, including the tender offer described below, Hilltop had no further available share repurchase capacity associated with its previously authorized stock repurchase program. ​ In January 2023, the Hilltop board of directors authorized a new stock repurchase program through January 2024, pursuant to which the Company is authorized to repurchase, in the aggregate, up to $75.0 million of its outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. During 2023, the Company paid $5.1 million to repurchase an aggregate of 164,604 shares of common stock at an average price of $30.95 per share pursuant to the stock repurchase program. ​ In January 2024, the Hilltop board of directors authorized a new stock repurchase program through January 2025, pursuant to which the Company is authorized to repurchase, in the aggregate, up to $75.0 million of its outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. ​ 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, inclusive of its $100.0 million stock repurchase program authorized in January 2022. 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. The Company funded the tender offer with cash on hand.

Other Noninterest Income and Ex

Other Noninterest Income and Expense	12 Months Ended
	Dec. 31, 2023
Other Noninterest Income and Expense
Other Noninterest Income and Expense	23. Other Noninterest Income and Expense ​ The following table shows the components of other noninterest income and expense (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Other noninterest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain from trading securities portfolio ​ $ 54,750 ​ $ 23,666 ​ $ 26,353 Net gains from Hilltop Broker-Dealer structured product and derivative activities ​ 42,284 ​ 37,407 ​ 48,816 Service charges on depositor accounts ​ 16,179 ​ 16,962 ​ ​ 18,081 Trust fees ​ ​ 13,361 ​ ​ 13,975 ​ ​ 10,998 Other ​ 29,508 ​ 21,947 ​ 23,786 ​ ​ $ 156,082 ​ $ 113,957 ​ $ 128,034 Other noninterest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Software and information technology ​ $ 69,212 ​ $ 64,979 ​ $ 68,105 Brokerage commissions and fees ​ ​ 33,538 ​ ​ 27,597 ​ ​ 25,826 Mortgage origination and servicing ​ ​ 22,040 ​ ​ 25,311 ​ ​ 35,421 Business development ​ ​ 11,282 ​ ​ 12,550 ​ ​ 11,998 Travel, meals and entertainment ​ 11,113 ​ 9,959 ​ 7,646 Unreimbursed loan closing costs ​ 4,971 ​ 13,371 ​ 20,458 Office supplies ​ 3,241 ​ 3,319 ​ 3,469 Funding fees ​ 3,174 ​ 4,421 ​ 4,768 Amortization of intangible assets ​ 2,860 ​ 3,967 ​ 5,081 Other ​ ​ 50,142 ​ ​ 42,227 ​ ​ 42,519 ​ ​ $ 211,573 ​ $ 207,701 ​ $ 225,291 ​

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Financial Instruments
Derivative Financial Instruments	24. 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 futures contracts. Additionally, PrimeLending has interest rate risk relative to its MSR asset and uses derivative instruments, including 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, futures contracts, credit default swaps and 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 10 to the consolidated financial statements. The fair values of the Hilltop Broker-Dealers’ and the Bank’s derivative instruments are recorded in other assets or other liabilities, as appropriate. Changes in the fair value of derivatives are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Increase (decrease) in fair value of derivatives during year: ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (7,097) ​ $ (21,282) ​ $ (22,170) Hilltop Broker-Dealers ​ ​ (7,814) ​ ​ 16,405 ​ ​ (19,884) Bank ​ ​ 65 ​ ​ 46 ​ ​ 43 ​ 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 cash flow 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 derivatives designated as hedges of cash flows are included as a component of other comprehensive income or loss on the Company’s consolidated balance sheets and changes in the fair value of the derivatives designated as hedges of fair value are included in current earnings. Although the Company has determined at the onset of the hedges that the derivative instruments will be highly effective hedges throughout the term of the contract, any portion of derivative instruments subsequently determined to be ineffective will be recognized in earnings. ​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 383,767 ​ $ 7,734 ​ $ 506,278 ​ $ 1,767 Commitments to purchase MBSs ​ 1,470,142 ​ 15,666 ​ 819,681 ​ 2,435 Commitments to sell MBSs ​ ​ 2,222,225 ​ (17,870) ​ 2,188,964 ​ 10,711 Interest rate swaps ​ ​ 33,500 ​ (5,349) ​ 35,784 ​ (1,421) Interest rate swaps back-to-back (asset) (1) ​ ​ 1,421 ​ ​ 176 ​ ​ — ​ — Interest rate swaps back-to-back (liability) (1) ​ ​ 1,421 ​ ​ (191) ​ ​ — ​ — U.S. Treasury bond futures and options (2) ​ ​ 306,200 ​ 430 ​ 395,500 ​ (449) Interest rate and other futures (2) ​ ​ 224,800 ​ — ​ 2,612,000 ​ — Credit default swaps ​ ​ — ​ — ​ 3,000 ​ (2) Warrants ​ ​ 866 ​ 820 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 410,000 ​ $ 14,277 ​ $ 430,000 ​ $ 21,703 Interest rate swaps designated as fair value hedges (3) ​ ​ 325,193 ​ ​ 34,799 ​ ​ 365,323 ​ ​ 42,828 (1) Noted derivative instruments include both customer-facing derivatives as well as offsetting derivatives facing other dealer banks. The fair value of these derivatives include a net credit valuation adjustment that was nominal at December 31, 2023, reducing the fair value of the liability. (2) Noted derivative instruments include contracts between the Hilltop Broker-Dealers and PrimeLending and their respective counterparties with changes in fair value of the contracts that are settled daily. (3) The Company designated $325.3 million and $365.3 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 $290.2 million and $322.5 million as of December 31, 2023 and 2022, 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 $35.0 million and $42.8 million as of December 31, 2023 and 2022, respectively. ​ The Bank and PrimeLending held aggregate cash collateral advances of $51.8 million and $65.0 million to offset net asset derivative positions on its commitments to sell MBSs and derivative instruments designated as hedges at December 31, 2023 and 2022, respectively. PrimeLending had advanced cash collateral totaling $14.7 million and $8.4 million to offset net liability positions on its commitments to sell MBSs at December 31, 2023 and 2022, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $7.6 million and $10.6 million on various derivative instruments at December 31, 2023 and 2022, respectively. These cash collateral amounts are included in either other assets or other liabilities within the consolidated balance sheets. ​ Derivatives on Behalf of Customers ​ The Bank offers derivative contracts to certain customers in connection with their risk management needs. These derivatives include back-to-back interest rate swaps. The Bank manages the risk associated with these contracts by entering into an equal and offsetting derivative with a third-party dealer bank. These derivatives generally work together as an economic interest rate hedge, but the Bank does not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes in fair value occurred, typically resulting in no net earnings impact.

Balance Sheet Offsetting

Balance Sheet Offsetting	12 Months Ended
	Dec. 31, 2023
Balance Sheet Offsetting
Balance Sheet Offsetting	​ ​ 25. 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 Company’s accounting policy is to present required disclosures related to collateral and derivative positions on a gross basis. The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Assets ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Assets ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,406,937 ​ $ — ​ $ 1,406,937 ​ $ (1,332,856) ​ $ — ​ $ 74,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49,253 ​ ​ — ​ ​ 49,253 ​ ​ — ​ ​ (49,253) ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 80,011 ​ ​ — ​ ​ 80,011 ​ ​ (80,011) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 16,755 ​ — ​ 16,755 ​ (194) ​ — ​ 16,561 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury futures and options derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 430 ​ ​ — ​ ​ 430 ​ ​ — ​ ​ — ​ ​ 430 ​ ​ $ 1,553,386 ​ $ — ​ $ 1,553,386 ​ $ (1,413,061) ​ $ (49,253) ​ $ 91,072 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,012,573 ​ $ — ​ $ 1,012,573 ​ $ (964,517) ​ $ — ​ $ 48,056 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 64,729 ​ ​ — ​ ​ 64,729 ​ ​ — ​ ​ (64,630) ​ ​ 99 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 118,070 ​ ​ — ​ ​ 118,070 ​ ​ (115,302) ​ ​ — ​ ​ 2,768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 16,694 ​ ​ (3,410) ​ ​ 13,284 ​ ​ (9,957) ​ ​ — ​ ​ 3,327 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury futures and options derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 57 ​ ​ (506) ​ ​ (449) ​ ​ — ​ ​ — ​ ​ (449) ​ ​ $ 1,212,123 ​ $ (3,916) ​ $ 1,208,207 ​ $ (1,089,776) ​ $ (64,630) ​ $ 53,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Liabilities ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,371,896 ​ $ — ​ $ 1,371,896 ​ $ (1,296,828) ​ $ — ​ $ 75,068 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 5,349 ​ — ​ 5,349 ​ (5,349) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 239,103 ​ — ​ 239,103 ​ (239,103) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 18,958 ​ — ​ 18,958 ​ (194) ​ (10,515) ​ 8,249 ​ ​ $ 1,635,306 ​ $ — ​ $ 1,635,306 ​ $ (1,541,474) ​ $ (10,515) ​ $ 83,317 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 916,570 ​ $ — ​ $ 916,570 ​ $ (871,037) ​ $ — ​ $ 45,533 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 1,619 ​ — ​ 1,619 ​ (1,438) ​ — ​ 181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ — ​ 2 ​ (2) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 296,978 ​ — ​ 296,978 ​ (319,897) ​ — ​ (22,919) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 138 ​ — ​ 138 ​ (138) ​ — ​ — ​ ​ $ 1,215,307 ​ $ — ​ $ 1,215,307 ​ $ (1,192,512) ​ $ — ​ $ 22,795 ​ Secured Borrowing Arrangements ​ Secured Borrowings (Repurchase Agreements) — one ​ Securities Lending Activities — ​ When lending securities, the Company receives cash or similar collateral and generally pays interest (based on the amount of cash deposited) to the other party to the transaction. Securities lending transactions are executed pursuant to written agreements with counterparties that generally require securities loaned to be marked-to-market on a daily basis. The Company receives collateral in the form of cash in an amount generally in excess of the fair value of securities loaned. The Company monitors the fair value of securities loaned on a daily basis, with additional collateral obtained or refunded, as necessary. Collateral adjustments are made on a daily basis through the facilities of various clearinghouses. The Company is a principal in these securities lending transactions and is liable for losses in the event of a failure of any other party to honor its contractual obligation. Management sets credit limits with each counterparty and reviews these limits regularly to monitor the risk level with each counterparty. The Company is subject to credit risk through its securities lending activities if securities prices decline rapidly because the value of the Company’s collateral could fall below the amount of the indebtedness it secures. In rapidly appreciating markets, credit risk increases due to short positions. The Company’s securities lending business subjects the Company to credit risk if a counterparty fails to perform or if collateral securing its obligations is insufficient. In securities transactions, the Company is subject to credit risk during the period between the execution of a trade and the settlement by the customer. ​ The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2023 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ $ 8,389 ​ $ — ​ $ — ​ $ — ​ $ 8,389 Asset-backed securities ​ ​ 81,419 ​ ​ 149,295 ​ ​ — ​ ​ — ​ ​ 230,714 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 52 ​ ​ — ​ ​ — ​ ​ — ​ ​ 52 Equity securities ​ ​ 1,371,844 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,371,844 Total ​ $ 1,461,704 ​ $ 149,295 ​ $ — ​ $ — ​ $ 1,610,999 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,610,999 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 130,616 ​ $ 2,539 ​ $ 141,461 ​ $ 22,362 ​ $ 296,978 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 916,457 ​ ​ — ​ ​ — ​ ​ — ​ ​ 916,457 Total ​ $ 1,047,186 ​ $ 2,539 ​ $ 141,461 ​ $ 22,362 ​ $ 1,213,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,213,548 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​

Broker-Dealer and Clearing Orga

Broker-Dealer and Clearing Organization Receivables and Payables	12 Months Ended
	Dec. 31, 2023
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	26. Broker-Dealer and Clearing Organization Receivables and Payables ​ Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,406,937 ​ $ 1,012,573 Securities failed to deliver ​ 28,120 ​ 11,350 Trades in process of settlement ​ 123,722 ​ 3,476 Other ​ 15,152 ​ 10,656 ​ ​ $ 1,573,931 ​ $ 1,038,055 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,371,896 ​ $ 916,570 Correspondents ​ 33,286 ​ 22,760 Securities failed to receive ​ 18,135 ​ 20,167 Other ​ 7,417 ​ 6,973 ​ ​ $ 1,430,734 ​ $ 966,470 ​

Segment and Related Information

Segment and Related Information	12 Months Ended
	Dec. 31, 2023
Segment and Related Information
Segment and Related Information	27. 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 Year Ended December 31, 2023 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 397,936 ​ $ 52,894 ​ $ (20,305) ​ $ (12,961) ​ $ 49,283 ​ $ 466,847 Provision for (reversal of) credit losses ​ ​ 18,525 ​ ​ (133) ​ ​ — ​ ​ — ​ ​ — ​ ​ 18,392 Noninterest income ​ ​ 45,830 ​ ​ 403,538 ​ ​ 316,840 ​ ​ 12,887 ​ ​ (50,122) ​ ​ 728,973 Noninterest expense ​ 226,234 ​ 383,024 ​ 359,285 ​ 60,631 ​ (865) ​ 1,028,309 Income (loss) before taxes ​ $ 199,007 ​ $ 73,541 ​ $ (62,750) ​ $ (60,705) ​ $ 26 ​ $ 149,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Year Ended December 31, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 413,603 ​ $ 51,597 ​ $ (10,529) ​ $ (13,135) ​ $ 17,439 ​ $ 458,975 Provision for (reversal of) credit losses ​ 8,250 ​ ​ 59 ​ ​ — ​ ​ — ​ ​ — ​ 8,309 Noninterest income ​ 49,307 ​ ​ 341,943 ​ ​ 452,915 ​ ​ 7,525 ​ ​ (19,230) ​ 832,460 Noninterest expense ​ 235,190 ​ 355,713 ​ 478,904 ​ ​ 59,030 ​ ​ (1,838) ​ 1,126,999 Income (loss) before taxes ​ $ 219,470 ​ $ 37,768 ​ $ (36,518) ​ $ (64,640) ​ $ 47 ​ $ 156,127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop Year Ended December 31, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 406,524 ​ $ 43,296 ​ $ (20,400) ​ $ (17,239) ​ $ 10,801 ​ $ 422,982 Provision for (reversal of) credit losses ​ (58,175) ​ ​ (38) ​ ​ — ​ ​ — ​ ​ — ​ (58,213) Noninterest income ​ 45,113 ​ ​ 381,125 ​ ​ 986,990 ​ ​ 9,133 ​ ​ (12,086) ​ 1,410,275 Noninterest expense ​ 226,915 ​ 380,798 ​ 731,056 ​ ​ 50,507 ​ ​ (1,878) ​ 1,387,398 Income (loss) before taxes ​ $ 282,897 ​ $ 43,661 ​ $ 235,534 ​ $ (58,613) ​ $ 593 ​ $ 504,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,288,627 ​ $ 2,929,296 ​ $ 1,181,316 ​ $ 2,543,057 ​ $ (3,475,300) ​ $ 16,466,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,420,110 ​ $ 2,672,709 ​ $ 1,249,284 ​ $ 2,465,513 ​ $ (3,548,334) ​ $ 16,259,282 ​

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings per Common Share
Earnings per Common Share	28. Earnings per Common Share ​ The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ ​ $ 109,646 ​ $ 113,134 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 65,043 ​ 70,434 ​ 80,708 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ $ 1.69 ​ $ 1.61 ​ $ 4.64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ ​ $ 109,646 ​ $ 113,134 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 65,043 ​ 70,434 ​ 80,708 Effect of potentially dilutive securities ​ ​ 2 ​ 192 ​ 465 Weighted average shares outstanding - diluted ​ ​ 65,045 ​ 70,626 ​ 81,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ $ 1.69 ​ $ 1.60 ​ $ 4.61 ​

Financial Statements of Parent

Financial Statements of Parent	12 Months Ended
	Dec. 31, 2023
Financial Statements of Parent
Financial Statements of Parent	29. Financial Statements of Parent ​ The following tables present the condensed combined financial statements of the Company’s bank holding company entities, Hilltop and PCC. The tables also include the corporate activities associated with Hilltop Opportunity Partners LLC and the Hilltop Plaza Entities (in thousands). Investments in subsidiaries are determined using the equity method of accounting. ​ Condensed Combined Statements of Operations and Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2023 2022 2021 Dividends from bank subsidiaries ​ $ 105,000 ​ $ 205,000 ​ $ 295,000 ​ Dividends from nonbank subsidiaries ​ ​ 28,821 ​ ​ 10,732 ​ ​ 81,675 ​ Investment income ​ ​ 7,098 ​ ​ 6,914 ​ ​ 4,322 ​ Interest expense ​ ​ 20,059 ​ ​ 20,049 ​ ​ 21,561 ​ Other income ​ ​ 12,887 ​ ​ 7,525 ​ ​ 9,070 ​ General and administrative expense ​ 60,631 ​ 59,030 ​ 50,507 ​ Income before income taxes and equity in undistributed earnings of subsidiaries activity ​ 73,116 ​ ​ 151,092 ​ 317,999 ​ Income tax benefit ​ (8,596) ​ (13,124) ​ (14,065) ​ Equity in undistributed earnings of subsidiaries ​ 36,267 ​ (44,922) ​ 54,032 ​ Net income ​ $ 117,979 ​ $ 119,294 ​ $ 386,096 ​ Other comprehensive income (loss), net ​ ​ 12,026 ​ ​ (123,312) ​ ​ (27,982) ​ Comprehensive income (loss) ​ $ 130,005 ​ $ (4,018) ​ $ 358,114 ​ ​ Condensed Combined Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 2021 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 245,696 ​ $ 205,887 ​ $ 531,260 Available for sale securities ​ ​ 24,418 ​ ​ — ​ ​ — Loans held for investment, net of unearned income ​ 10,858 ​ 9,181 ​ — Investment in subsidiaries: ​ ​ ​ ​ ​ ​ ​ ​ Bank subsidiaries ​ ​ 1,549,450 ​ 1,533,491 ​ 1,721,780 Nonbank subsidiaries ​ ​ 457,675 ​ 427,516 ​ 409,835 Other assets ​ 254,960 ​ 289,438 ​ 277,795 Total assets ​ $ 2,543,057 ​ $ 2,465,513 ​ $ 2,940,670 Liabilities and Stockholders’ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses ​ $ 26,658 ​ $ 34,569 ​ $ 25,762 Notes payable ​ 367,861 ​ 370,823 ​ 369,618 Stockholders’ equity ​ 2,148,538 ​ 2,060,121 ​ 2,545,290 Total liabilities and stockholders’ equity ​ $ 2,543,057 ​ $ 2,465,513 ​ $ 2,940,670 ​ Condensed Combined Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Operating Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 117,979 ​ $ 119,294 ​ $ 386,096 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ (36,267) ​ 44,922 ​ (54,032) Net realized gains on equity investments ​ — ​ — ​ (926) Deferred income taxes ​ 2,716 ​ 1,064 ​ (3,049) Other, net ​ 21,473 ​ (981) ​ 14,725 Net cash provided by operating activities ​ 105,901 ​ 164,299 ​ 342,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Advancement to nonbank subsidiaries ​ ​ — ​ ​ — ​ ​ (75,000) Repayment of advances to/investments in nonbank subsidiaries ​ ​ 15,000 ​ ​ 15,000 ​ ​ 5,762 Purchases of securities available for sale ​ (11,696) ​ — ​ — Purchases of equity investments (including merchant banking investments) ​ ​ (19,914) ​ (20,006) ​ — Purchases of premises and equipment and other ​ (2,423) ​ (1,015) ​ (2,154) Proceeds from sales/disposition of equity investments ​ ​ — ​ ​ 4,000 ​ ​ 12,292 Net cash used in investing activities ​ (19,033) ​ (2,021) ​ (59,100) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Payments to repurchase common stock ​ ​ (5,100) ​ ​ (442,336) ​ ​ (123,631) Payments on junior subordinated debentures ​ ​ — ​ ​ — ​ ​ (67,012) Dividends paid on common stock ​ ​ (41,604) ​ ​ (42,963) ​ ​ (38,978) Net cash contributed from (to) noncontrolling interest ​ ​ 832 ​ ​ (918) ​ ​ (909) Other, net ​ ​ (1,187) ​ ​ (1,434) ​ ​ (750) Net cash used in financing activities ​ (47,059) ​ (487,651) ​ (231,280) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ​ 39,809 ​ (325,373) ​ 52,434 Cash and cash equivalents, beginning of year ​ 205,887 ​ 531,260 ​ ​ 478,826 Cash and cash equivalents, end of year ​ $ 245,696 ​ $ 205,887 ​ $ 531,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Selected Quarterly Financial In

Selected Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2023
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited)	30 Selected Quarterly Financial Information (Unaudited) ​ Selected quarterly financial information is summarized as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 216,767 ​ $ 216,755 ​ $ 213,426 ​ $ 191,427 ​ $ 838,375 Interest expense ​ 105,541 ​ 101,105 ​ 95,160 ​ 69,722 ​ 371,528 Net interest income ​ 111,226 ​ 115,650 ​ 118,266 ​ 121,705 ​ 466,847 Provision for (reversal of) credit losses ​ 1,265 ​ (40) ​ 14,836 ​ 2,331 ​ 18,392 Noninterest income ​ 178,978 ​ 196,849 ​ 190,652 ​ 162,494 ​ 728,973 Noninterest expense ​ 250,845 ​ 260,017 ​ 266,977 ​ 250,470 ​ 1,028,309 Income before income taxes ​ 38,094 ​ 52,522 ​ 27,105 ​ 31,398 ​ 149,119 Income tax expense ​ 7,132 ​ 13,211 ​ 7,167 ​ 3,630 ​ 31,140 Net income ​ 30,962 ​ 39,311 ​ 19,938 ​ 27,768 ​ 117,979 Less: Net income attributable to noncontrolling interest ​ 2,291 ​ 2,269 ​ 1,805 ​ 1,968 ​ 8,333 Income attributable to Hilltop ​ $ 28,671 ​ $ 37,042 ​ $ 18,133 ​ $ 25,800 ​ $ 109,646 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ $ 0.44 ​ $ 0.57 ​ $ 0.28 ​ $ 0.40 ​ $ 1.69 Diluted: ​ $ 0.44 ​ $ 0.57 ​ $ 0.28 ​ $ 0.40 ​ $ 1.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.16 ​ $ 0.16 ​ $ 0.16 ​ $ 0.16 ​ $ 0.64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 179,974 ​ $ 156,472 ​ $ 135,133 ​ $ 119,537 ​ $ 591,116 Interest expense ​ 56,532 ​ 32,986 ​ 23,077 ​ 19,546 ​ 132,141 Net interest income ​ 123,442 ​ 123,486 ​ 112,056 ​ 99,991 ​ 458,975 Provision for (reversal of) credit losses ​ 3,638 ​ (780) ​ 5,336 ​ 115 ​ 8,309 Noninterest income ​ 169,784 ​ 206,975 ​ 239,273 ​ 216,428 ​ 832,460 Noninterest expense ​ 253,368 ​ 288,738 ​ 298,543 ​ 286,350 ​ 1,126,999 Income before income taxes ​ 36,220 ​ 42,503 ​ 47,450 ​ 29,954 ​ 156,127 Income tax expense ​ 9,642 ​ 9,249 ​ 12,127 ​ 5,815 ​ 36,833 Net income ​ 26,578 ​ 33,254 ​ 35,323 ​ 24,139 ​ 119,294 Less: Net income attributable to noncontrolling interest ​ 1,022 ​ 1,186 ​ 2,063 ​ 1,889 ​ 6,160 Income attributable to Hilltop ​ $ 25,556 ​ $ 32,068 ​ $ 33,260 ​ $ 22,250 ​ $ 113,134 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ $ 0.40 ​ $ 0.50 ​ $ 0.45 ​ $ 0.28 ​ $ 1.61 Diluted: ​ $ 0.39 ​ $ 0.50 ​ $ 0.45 ​ $ 0.28 ​ $ 1.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.15 ​ $ 0.15 ​ $ 0.15 ​ $ 0.15 ​ $ 0.60 ​

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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 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 (“SEC”). ​ 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 a controlling 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. ​ 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, Inc. (“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 ​ 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. ​ 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.
Acquisition Accounting	Acquisition Accounting ​ Acquisitions are accounted for under the acquisition method of accounting. Purchased assets, including identifiable intangible assets, and assumed liabilities are recorded at their respective acquisition date fair values. If the fair value of net assets purchased exceeds the consideration given, a bargain purchase gain is recognized. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized.
Securities Purchased Under Agreements to Resell	Securities Purchased Under Agreements to Resell ​ Securities purchased under agreements to resell (reverse repurchase agreements or reverse repos) are treated as collateralized financings and are carried at the amounts at which the securities will subsequently be resold as specified in the agreements. The Company is in possession of collateral with a fair value equal to or in excess of the contract amounts.
Securities	Securities ​ Management classifies securities at the time of purchase and reassesses such designation at each balance sheet date. Securities held for resale to facilitate principal transactions with customers are classified as trading and are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. The Company reports interest income on trading securities as interest income on securities and other changes in fair value as other noninterest income. ​ Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them until maturity. Debt securities held but not intended to be held to maturity or on a long-term basis are classified as available for sale. Securities included in this category are those that management intends to use as part of its asset/liability management strategy and that may be sold in response to changes in interest rates, prepayment risk or other factors related to interest rate and prepayment risk. Debt securities available for sale are carried at fair value. Unrealized holding gains and losses on debt securities available for sale, net of taxes, are reported in other comprehensive income (loss) until realized. Premiums and discounts are recognized in interest income using the effective interest method and reflect any optionality that may be embedded in the security. ​ Equity securities are carried at fair value, with changes in fair value reflected in the consolidated statements of operations. Equity securities that do not have readily determinable fair values are initially recorded at cost and subsequently remeasured when there is (i) an observable transaction involving the same investment, (ii) an observable transaction involving a similar investment from the same issuer or (iii) an impairment. These remeasurements are reflected in the consolidated statements of operations. ​
Allowance for Credit Losses on Available for Sale and Held to Maturity Securities	Allowance for Credit Losses on Available for Sale and Held to Maturity Securities ​ Available for sale debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For available for sale debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not been recorded through an allowance for credit losses, such as declines due to changes in market interest rates, are recorded through other comprehensive income, net of applicable taxes. ​ Allowances for credit losses may result from credit deterioration of the issuer or the collateral underlying the security. In performing an assessment of whether any decline in fair value is due to a credit loss, all relevant information is considered at the individual security level. In assessing whether a credit loss exists, the Company compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount by which the fair value is less than the amortized cost basis. ​ If the Company intends to sell a debt security, or it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, the debt security is written down to its fair value and the write down is charged against the allowance for credit losses, with any incremental impairment reported in earnings. Reversals of the allowance for credit losses are permitted and should not exceed the allowance amount initially recognized. ​ For debt securities held to maturity, estimated expected credit losses are calculated in a manner like that used for loans held for investment. That is, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. With respect to certain classes of debt securities, primarily U.S. Treasuries, the Company considers the history of credit losses, current conditions and reasonable and supportable forecasts, which may indicate that the expectation that nonpayment of the amortized cost basis is or continues to be zero, even if the U.S. government were to technically default. Therefore, the Company has not recorded expected credit losses for those securities.
Loans Held for Sale	Loans Held for Sale ​ Loans held for sale consist primarily of single-family residential mortgages funded through PrimeLending. These loans are generally on the consolidated balance sheet between 30 and 45 days. Substantially all mortgage loans originated by PrimeLending are sold to various investors in the secondary market, both with servicing retained and servicing released. Mortgage loans held for sale are carried at fair value in accordance with the provisions of the Fair Value Option Subsections of the ASC (the “Fair Value Option”). Changes in the fair value of the loans held for sale are recognized in earnings and fees and costs associated with origination are recognized as incurred. The specific identification method is used to determine realized gains and losses on sales of loans, which are reported as net gains (losses) in noninterest income. Loans sold are subject to certain indemnification provisions with investors, including the repurchase of loans sold and repayment of certain sales proceeds to investors under certain conditions. In addition, certain mortgage loans guaranteed by U.S. Government agencies and sold into Government National Mortgage Association (“GNMA”) pools may, under certain conditions specified in the government programs, become subject to repurchase by PrimeLending. When such loans subject to repurchase no longer qualify for sale accounting, they are reported as loans held for sale in the consolidated balance sheets.
Loans Held for Investment	Loans Held for Investment ​ Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal reduced by unearned income, net unamortized deferred fees and an allowance for credit losses. Unearned income on installment loans and interest on other loans is recognized using the effective interest method. Net fees received for providing loan commitments and letters of credit that result in loans are deferred and amortized to interest income over the life of the related loan, beginning with the initial borrowing. Net fees on commitments and letters of credit that are not expected to be funded are amortized to noninterest income over the commitment period. Income on direct financing leases is recognized on a basis that achieves a constant periodic rate of return on the outstanding investment. ​ The accrual of interest on credit deteriorated loans is discontinued when, in management’s opinion, there is a clear indication that the borrower’s cash flow may not be sufficient to meet principal and interest payments, which is generally when a loan is 90 days past due unless the asset is both well secured and in the process of collection. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against income. Once placed on non-accrual status, interest income is recognized on a cash basis. Additionally, accretion of purchased discount on non-accrual loans is suspended. ​ The Company follows applicable regulatory guidance when measuring past due status. The Company uses the actual days elapsed since the payment due date of the loan to determine delinquency. In response to the pandemic, the Company allowed modifications, such as payment deferrals for up to 90 days and temporary forbearance, to credit-worthy borrowers who were experiencing temporary hardship due to the effects of the pandemic. These modifications generally met the criteria of the Economic Security Act (“CARES Act”) passed in March 2020. Therefore, the Company did not account for such loan modifications as troubled debt restructurings (“TDRs”) ​ Management defines loans acquired in a business combination as acquired loans. Acquired loans are recorded at estimated fair value on their purchase date with no carryover of the related allowance for credit losses. Acquired loans are segregated between those considered to be credit deteriorated and those without credit deterioration at acquisition. To make this determination, management considers such factors as past due status, non-accrual status and credit risk ratings. For acquired performing loans, a lifetime allowance for credit losses is estimated as of the date of acquisition and is recorded through provision for (reversal of) credit losses. The difference between the purchase price and loan receivable is amortized over the remaining life of the loan. ​ Purchased credit deteriorated (“PCD”) loans are loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination. For PCD loans, any non-credit discount or premium related to an acquired pool of PCD loans is allocated to each individual asset within the pool. On the acquisition date, the initial allowance for credit losses measured on a pooled basis is allocated to each individual asset within the pool to allocate any non-credit discount or premium. Credit losses are measured based on unpaid principal balance. A lifetime allowance for credit losses is estimated as of the date of acquisition. The initial allowance for credit losses is added to the purchase price and is considered to be part of the PCD loan amortized cost basis. ​ Allowance for Credit Losses for Loans Held for Investment ​ Credit quality within the loans held for investment portfolio is continuously monitored by management and is reflected within the allowance for credit losses for loans. The allowance for credit losses, or reserve, is an estimate of expected losses over the lifetime of a loan within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment is adjusted by a provision for (reversal of) credit losses, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. ​ The credit loss estimation process involves procedures to appropriately consider the unique characteristics of the Company’s loan portfolio segments, which are further disaggregated into loan classes, the level at which credit risk is monitored. The allowance for credit losses for loans not evaluated for specific reserves is calculated using statistical credit factors, including probabilities of default (“PD”) and loss given default (“LGD”), to the amortized cost of pools of loan exposures with similar risk characteristics over its contractual life, adjusted for prepayments, to arrive at an estimate of expected credit losses. Economic forecasts are applied over the period management believes it can estimate reasonable and supportable forecasts. Reasonable and supportable forecast periods and reversion assumptions to historical data are credit model specific. The Company typically forecasts economic variables over a one ​ Commercial loans that exceed a minimum size scope are underwritten and graded using credit models that leverage national industry default data to score the loans. At the conclusion of the process of underwriting or re-grading a borrower, each borrower (for commercial and industrial loans) or property (for commercial real estate loans) is assigned a PD grade threshold. The valuation methodology of risk rating internal grades is based on the merits of the financial ratios of the borrower or the property. In addition, an LGD grade is determined by the credit models utilizing collateral information provided. A master rating scale effectively "pools" the loans by credit scores and assigns a standard one year PD percentage and an LGD percentage equally for all loans that have a given score. For borrowers or loans that do not meet the minimum balance threshold, an internal scorecard is utilized to approximate the grades derived from the credit models and is mapped to the master rating scale. The resulting numerical PD grade is the credit quality indicator for commercial loans. The grades on borrowers or properties that are scored in the credit models are determined at origination and updated at least annually. The grades on the internal scorecards are updated annually if they meet a minimum threshold, or if new circumstances (favorable or unfavorable) warrant a re-scoring. ​ When computing allowance levels, credit loss assumptions are estimated using models that analyze loans according to credit risk ratings, historic loss experience, past due status and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. Future factors and forecasts may result in significant changes in the allowance and provision (reversal) for credit losses in those future periods. The allowance for credit losses will primarily reflect estimated losses for pools of loans that share similar risk characteristics, but will also consider individual loans that do not share risk characteristics with other loans. ​ Loans that Share Risk Characteristics with Other Loans (“Collectively Evaluated”) ​ In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type and internal risk rating or past due category as follows. ​ Commercial and Industrial and Commercial Real Estate Loans. ​ These factors are based on an evaluation of historical and current information and sometimes involve subjective assessment and interpretation. Specific considerations for construction are considered in the internal PD and LGD risk ratings including property type, development phase and complexity, as well as lease-up and stabilization projections. The PD and LGD factors are further sensitized in the models for future expectations over the loan’s contractual life, adjusted for prepayments. ​ 1-4 Family Residential Loans. The 1-4 family residential loan portfolio is grouped into pools of residential real estate loans with similar credit risk characteristics. For 1-4 family residential loans, the Company utilizes separate credit models designed for these types of loans to estimate the PD and LGD grades for the allowance for credit losses calculation. The models calculate expected losses and prepayments using borrower information at origination, including FICO score, loan type, collateral type, lien position, geography, origination year, and loan to value. Past due status post-origination is also a key input in the models. Current and future changes in economic conditions, including unemployment rates, home prices, index rates, and mortgage rates, are also considered. New originations and loan purchases are scored using the FICO score at origination. FICO score bands are assigned following prevalent industry standards and are used as the credit quality indicator for these types of loans. Substandard non-accrual loans are treated as a separate category in the credit scoring grid as the probability of default is 100% and the FICO score is no longer a relevant predictor. ​ Consumer Loans. The consumer loan portfolio is grouped into pools of consumer installment loans or revolving lines of credit with similar credit characteristics. The models calculate expected losses using borrower information at origination, including FICO score, origination year, geography, and collateral type. ​ Broker-Dealer Loans. The broker-dealer loan portfolio is evaluated on an individual basis using the collateral maintenance practical expedient. The collateral maintenance practical expedient allows the broker-dealer to compare the fair value of the collateral of each loan as of the reporting date to loan value. The underlying collateral of the loans to customers and correspondents is marked to market daily and any required additional collateral is collected. The allowance represents the amount of unsecured loan balances at the end of the period. ​ Qualitative Factors ​ Estimating the timing and amounts of future losses is subject to significant management judgment as these loss cash flows rely upon estimates such as default rates, loss severities, collateral valuations, the amounts and timing of principal payments (including any expected prepayments) or other factors that are reflective of current or future expected conditions. These estimates, in turn, depend on the duration of current overall economic conditions, industry, borrower, or portfolio specific conditions, the expected outcome of bankruptcy or insolvency proceedings, as well as, in certain circumstances, other economic factors, including the level of current and future real estate prices. All of these estimates and assumptions require significant management judgment and certain assumptions that are highly subjective. Model imprecision also exists in the allowance for credit losses estimation process due to the inherent time lag of available industry information and differences between expected and actual outcomes. ​ Management considers adjustments for these conditions in its allowance for credit loss estimates qualitatively where they may not be measured directly in its individual or collective assessments, including but not limited to: ● an adjustment to historical loss data to measure credit risk even if that risk is remote and does not meet the scope of assets with zero expected losses; ● the environmental factors and the areas in which credit is concentrated, such as the regulatory, environmental, or technological environment, the geographical area or key industries, or in the national or regional economic and business conditions where the borrower has exposure; ● the nature and volume of the company’s financial assets; ● the borrower’s financial condition, credit rating, credit score, asset quality, or business prospects; ● the borrower’s ability to make scheduled interest or principal payments; ● the remaining payment terms of the financial assets and the remaining time to maturity and the timing and extent of prepayments on the financial assets; ● the volume and severity of past due or adversely classified financial assets; ● the value of underlying collateral in which the collateral-dependent practical expedient has not been utilized; ● any updates to credit lending policies and procedures, including lending strategies, underwriting standards, collection and recovery practices, not reflected in the models; and ● the quality of the internal credit review system. ​ Loans that Do Not Share Risk Characteristics with Other Loans ​ When a loan is assigned a substandard non-accrual or worse risk rating grade, the loan subsequently is evaluated on an individual basis and no longer evaluated on a collective basis. The net realizable value of the loan is compared to the appropriate loan basis (i.e., PCD loan versus non-PCD loan) to determine any allowance for credit losses. Loans that are below a predetermined threshold, with the exception of 1-4 family residential loans, are fully reserved. The Company generally considers non-accrual loans to be collateral-dependent. The practical expedient to measure credit losses using the fair value of the collateral has been exercised. ​ For commercial real estate loans, the fair value of collateral is primarily based on appraisals. For owner occupied real estate loans, underlying properties are occupied by the borrower in its business, and evaluations are based on business operations used to service the debt. For non-owner occupied real estate loans, underlying properties are income-producing and evaluations are based on tenant revenues. For income producing construction and land development loans, appraisals reflect the assumption that properties are completed. ​ For 1-4 family residential loans that are graded substandard non-accrual, an assessment of value is made using the most recent appraisal on file. If the appraisal on file is older than two years, the latest property tax assessment is used for the assessment of value. The assessment of value is discounted for selling costs and compared against the appropriate basis of the loan to determine if a reserve might be required. ​ Consumer loans are charged off when they reach 90 days delinquency as a general rule. There are limited cases where the loan is not charged off due to special circumstances and is subject to the collateral review process. ​
Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments	Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments ​ The Company maintains a separate allowance for credit losses from off-balance sheet credit exposures, including unfunded loan commitments, which is included in other liabilities within the consolidated balance sheets. The Company estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type.
Broker-Dealer and Clearing Organization Transactions	Broker-Dealer and Clearing Organization Transactions ​ Amounts recorded in broker-dealer and clearing organization receivables and payables include securities lending activities, as well as amounts related to securities transactions for either customers of the Hilltop Broker-Dealers or for the accounts of the Hilltop Broker-Dealers. Securities borrowed and securities loaned transactions are generally reported as collateralized financings. Securities borrowed transactions require the Hilltop Broker-Dealers to deposit cash, letters of credit, or other collateral with the lender. With respect to securities loaned, the Hilltop Broker-Dealers receive collateral in the form of cash or other assets in an amount generally in excess of the market value of securities loaned. The Hilltop Broker-Dealers monitor the market value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded as necessary. Interest income and interest expense associated with collateralized financings is included in the accompanying consolidated statements of operations.
Premises and Equipment	Premises and Equipment ​ Premises and equipment are stated at cost less accumulated depreciation and amortization computed principally on the straight-line method over the estimated useful lives of the assets, which range between 3 and 25 years. Gains or losses on disposals of premises and equipment are included in results of operations.
Leases	Leases ​ The Company determines if an arrangement is a lease at inception. Operating leases with a term of greater than one year are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases are included in premises and equipment and other liabilities on the Company’s consolidated balance sheets. The Company has lease agreements with lease and nonlease components, which are generally accounted for as a single lease component. Leases of low-value assets are assessed on a lease-by-lease basis to determine the need for balance sheet capitalization. ​ ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate commensurate with the lease term based on the information available at the lease commencement date in determining the present value of lease payments. No significant judgments or assumptions were involved in developing the estimated operating lease liabilities as the Company’s operating lease liabilities largely represent the future rental expenses associated with operating leases, and the incremental borrowing rates are based on publicly available interest rates. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. These options to extend or terminate are assessed on a lease-by-lease basis, and the ROU assets and lease liabilities are adjusted when it is reasonably certain that an option will be exercised. Rental expense for lease payments is recognized on a straight-line basis over the lease term and is included in occupancy and equipment, net within the Company’s consolidated statements of operations.
Other Real Estate Owned	Other Real Estate Owned ​ Real estate acquired through foreclosure (“OREO”) is included in other assets within the consolidated balance sheets and is carried at management’s estimate of fair value, less estimated cost to sell. Any excess of recorded investment over fair value, less cost to sell, is charged against the allowance for credit losses when property is initially transferred to OREO. Subsequent to the initial transfer to OREO, downward valuation adjustments are charged against earnings. Valuation adjustments, revenue and expenses from operations of the properties and resulting gains or losses on sale are included within the consolidated statements of operations in other noninterest income or expense, as appropriate. ​
Debt Issuance Costs	Debt Issuance Costs ​ The Company capitalizes debt issuance costs associated with financing of debt. These costs are amortized using the effective interest method over the repayment term of the debt. Unamortized debt issuance costs are presented in the consolidated balance sheets as a direct reduction from the associated debt liability. Debt issuance costs of $0.5 million, $0.5 million and $0.4 million during 2023, 2022 and 2021, respectively, were amortized and included in interest expense within the consolidated statements of operations. In May 2020 and April 2015, debt issuance costs of $3.2 million and $1.9 million, respectively, were capitalized in connection with Hilltop’s issuance of the Subordinated Notes due 2030 and 2035 (defined hereafter) and the 5% senior notes due 2025 (defined hereafter), respectively.
Goodwill	Goodwill ​ Goodwill, which represents the excess of cost over the fair value of the net assets acquired, is allocated to reportable business segments and tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount should be assessed. The Company performs required annual impairment tests of its goodwill as of October 1 st
Intangibles and Other Long-Lived Assets	Intangibles and Other Long-Lived Assets ​ Intangible assets are acquired assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights or because the asset is capable of being sold or exchanged either on its own or in combination with a related contract, asset or liability. The Company’s intangible assets primarily consist of core deposits, trade names and customer relationships. Intangible assets with definite useful lives are generally amortized on the straight-line method over their estimated lives, although certain intangibles, including core deposits, and customer relationships, are amortized on an accelerated basis. Amortization of intangible assets is recorded in other noninterest expense within the consolidated statements of operations. Intangible assets with indefinite useful lives are tested for impairment on an annual basis as of October 1 st
Mortgage Servicing Rights	Mortgage Servicing Rights ​ The Company determines its portfolio segment of residential mortgage servicing assets based on the asset type being serviced along with the methods used to manage the risk inherent in the servicing assets, which includes the market inputs used to value the servicing assets. The Company measures its servicing assets at fair value and reports changes in fair value through earnings. ​ The retained mortgage servicing rights (“MSR”) asset is measured at fair value as of the date of sale of the related mortgage loan. Subsequent fair value measurements of the MSR asset are determined by valuing the projected net servicing cash flows, which are then discounted to estimate fair value using a discounted cash flow model. Assumptions used include market discount rates, anticipated prepayment speeds, delinquency and foreclosure rates, and ancillary fee income. ​ The model assumptions and the MSR asset fair value estimates are compared to observable trades of similar portfolios as well as to MSR asset broker valuations and industry surveys, as available. The expected life of the loan can vary from management’s estimates due to prepayments by borrowers. The value of the MSR asset is also dependent upon the discount rate used in the model, which is based on current market rates that are reviewed by management on an ongoing basis. ​
Derivative Financial Instruments	Derivative Financial Instruments ​ The Company enters into various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. The Company’s derivative financial instruments also include interest rate lock commitments (“IRLCs”) executed with its customers that allow those customers to obtain a mortgage loan on a future date at an agreed-upon interest rate. The IRLCs, forward commitments, interest rate swaps, U.S. Treasury bond futures and options, futures contracts, credit default swaps and municipal market data (“MMD”) rate locks meet the definition of a derivative under the provisions of the Derivatives and Hedging Topic of the ASC. ​ Derivatives are recorded at fair value and included in other assets and other liabilities within the consolidated balance sheets. To qualify for hedge accounting, derivatives must be highly effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the derivative contract. If derivative instruments are designated as hedges of fair values, the change in the fair value of both the derivative instrument and the hedged item are included in current earnings. Changes in the fair value of derivatives designated as hedges of cash flows are recorded in other comprehensive income (loss). Actual cash receipts and/or payments and related accruals on derivatives related to hedges are recorded as adjustments to the line item where the hedged item’s effect on earnings is recorded. ​ 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 Company generally enters into master netting agreements and collateral agreements with its counterparties. These agreements provide the Company with the right, in the event of a default by the counterparty, to net a counterparty’s rights and obligations under the agreement, and to liquidate and set off collateral against any net amount owed by the counterparty. The Company presents required disclosures related to collateral and derivative positions on a gross basis.
Revenue from Contracts with Customers	Revenue from Contracts with Customers ​ Certain activities primarily within the Company’s banking and broker-dealer segments are subject to the provisions of ASC 606, Revenue from Contracts with Customers ​ The Company’s banking segment has three primary lines of business: (i) business banking, (ii) personal banking and (iii) wealth and investment management. Revenue from contracts with customers subject to the guidance in ASC 606 from the banking segment (certain retail and trust fees) is included within the other noninterest income line item within the consolidated statements of operations. Retail and trust fees are generally recognized at the time the related transaction occurs or when services are completed. Fees are based on the dollar amount of the transaction or are otherwise predefined in contracts associated with each customer account depending on the type of account and services provided. ​ The Company’s broker-dealer segment has four primary lines of business: (i) public finance services, (ii) structured finance, (iii) fixed income services and (iv) wealth management, which includes retail, clearing services and securities lending groups. Revenue from contracts with customers subject to the guidance in ASC 606 from the broker-dealer segment is included within the securities commissions and fees and investment and securities advisory fees and commissions line items within the consolidated statements of operations. Revenue from contracts with customers includes commission income and fees from investment banking and asset management services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgement is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the broker-dealer’s progress under the contact; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. The recognition of revenue within the broker-dealer segment is further evaluated as follows. ​ Investment and securities advisory fees and commissions ​ Financial advisory. ​ Money Market and Bank-Insured Fund Fees . The broker-dealer earns revenue for placing clients’ deposits in money market funds and brokerage sweep programs with third-party and affiliate banks. The amounts earned from these funds and banks are impacted by short-term interest rates. The performance obligations with the funds and financial institutions that participate in these programs are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. The revenue is earned daily and settled monthly based on a rate applied, as a percentage, of the deposits placed. ​ Underwriting. ​ Securities commissions and fees ​ Commissions.
Loss Contingencies	Loss Contingencies ​ Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated.
Stock-Based Compensation	Stock-Based Compensation ​ Stock-based compensation expense for all share-based awards granted is based on the grant date fair value estimated in accordance with the provisions of the Stock Compensation Topic of the ASC. The Company recognizes these compensation costs for only those awards expected to vest over the service period of the award.
Income Taxes	​ Income Taxes ​ Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recorded for the estimated future tax effects of the temporary difference between the tax basis and book basis of assets and liabilities reported in the accompanying consolidated balance sheets. The provision for income tax expense or benefit differs from the amounts of income taxes currently payable because certain items of income and expense included in the consolidated financial statements are recognized in different time periods by taxing authorities. Interest and penalties incurred related to tax matters are charged to other interest expense or other noninterest expense, respectively. The revaluation of deferred tax assets as a result of enacted tax rate changes, is recognized within income tax expense in the period of enactment. ​ Benefits from uncertain tax positions are recognized in the consolidated financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority having full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of cumulative benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold are recognized in the reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold are derecognized in the reporting period in which that threshold is no longer met. If the Company were to prevail on all uncertain tax positions, the effect would be a benefit to the Company’s effective tax rate. Due to uncertainties in any tax audit outcome, estimates of the ultimate settlement of unrecognized tax positions may change and the actual tax benefits may differ significantly from the estimate. ​ Deferred tax assets, including net operating loss and tax credit carry forwards, are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that any portion of these tax attributes will not be realized. Periodic reviews of the carrying amount of deferred tax assets are made when it is more likely than not that all or a portion of a deferred tax asset will not be realized.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash ​ For the purpose of presentation in the consolidated statements of cash flows, cash, cash equivalents and restricted cash are defined as the amounts included in the consolidated balance sheet captions “Cash and due from banks,” “Federal funds sold” and “Assets segregated for regulatory purposes.” Cash equivalents have original maturities of three months or less.
Repurchases of Common Stock	Repurchases of Common Stock ​ In accordance with Maryland law, the Company uses the par value method of accounting for its stock repurchases, whereby the par value of the shares is deducted from common stock. The excess of the cost of shares acquired over the par value is allocated to additional paid-in capital based on an estimated average sales price per issued share with the excess amounts charged to retained earnings.
Basic and Diluted Net Income Per Share	Basic and Diluted Net Income Per Share ​ Nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are participating securities and are included in the computation of earnings per share pursuant to the two-class method prescribed by the Earnings Per Share Topic of the ASC. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. ​ Net earnings, less any preferred dividends accumulated for the period (whether or not declared), is allocated between the common stock and participating securities pursuant to the two-class method. Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period, excluding participating nonvested restricted shares. The Company calculated basic earnings per common share using the treasury method instead of the two-class method because there were no instruments which qualified as participating securities during 2023, 2022 or 2021. ​ Diluted earnings per common share is computed in a similar manner, except that first the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares, excluding the participating securities, were issued using the treasury stock method. During, 2023, 2022 and 2021, restricted stock units (“RSUs”) were the only potentially dilutive non-participating instruments issued by Hilltop. Next, the Company determines and includes in the diluted earnings per common share calculation the more dilutive effect of the participating securities using the treasury stock method or the two-class method. Undistributed losses are not allocated to the nonvested share-based payment awards (the participating securities) under the two-class method as the holders are not contractually obligated to share in the losses of the Company.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements
Schedule of information regarding financial assets and liabilities measured at fair value on a recurring basis	​ The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total December 31, 2023 ​ Inputs ​ Inputs ​ Inputs ​ Fair Value Trading securities ​ $ 8,929 ​ $ 507,062 ​ $ — ​ $ 515,991 ​ Available for sale securities ​ ​ — ​ ​ 1,483,177 ​ ​ 24,418 ​ ​ 1,507,595 ​ Equity securities ​ ​ 321 ​ ​ — ​ ​ — ​ ​ 321 ​ Loans held for sale ​ ​ — ​ ​ 784,158 ​ ​ 38,036 ​ ​ 822,194 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 10,858 ​ ​ 10,858 ​ Derivative assets ​ ​ — ​ ​ 76,778 ​ ​ 820 ​ ​ 77,598 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 96,662 ​ ​ 96,662 ​ Equity investments ​ ​ — ​ ​ — ​ ​ 19,540 ​ ​ 19,540 ​ Securities sold, not yet purchased ​ ​ 14,027 ​ ​ 20,845 ​ ​ — ​ ​ 34,872 ​ Derivative liabilities ​ ​ — ​ ​ 27,106 ​ ​ — ​ ​ 27,106 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 ​ Total ​ December 31, 2022 ​ Inputs ​ Inputs ​ Inputs ​ ​ Fair Value ​ Trading securities ​ $ 15,456 ​ $ 739,576 ​ $ — ​ $ 755,032 ​ Available for sale securities ​ ​ — ​ ​ 1,658,766 ​ ​ — ​ ​ 1,658,766 ​ Equity securities ​ ​ 200 ​ ​ — ​ ​ — ​ ​ 200 ​ Loans held for sale ​ ​ — ​ ​ 814,990 ​ ​ 40,707 ​ ​ 855,697 ​ Loans held for investment ​ ​ — ​ ​ — ​ ​ 9,181 ​ ​ 9,181 ​ Derivative assets ​ ​ — ​ ​ 88,977 ​ ​ — ​ ​ 88,977 ​ MSR asset ​ ​ — ​ ​ — ​ ​ 100,825 ​ ​ 100,825 ​ Securities sold, not yet purchased ​ ​ 25,506 ​ ​ 27,517 ​ ​ — ​ ​ 53,023 ​ Derivative liabilities ​ ​ — ​ ​ 11,405 ​ ​ — ​ ​ 11,405 ​
Rollforward for financial instruments measured at fair value using Level 3 inputs	The following table includes a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Gains or Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Realized or Unrealized) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in ​ ​ ​ ​ Balance, ​ ​ Transfers ​ Other ​ ​ ​ Beginning of ​ Purchases/ ​ Sales/ ​ to (from) ​ Included in ​ Comprehensive ​ Balance, ​ ​ Year ​ Additions ​ Reductions ​ Level 3 ​ Net Income ​ Income (Loss) ​ End of Year Year ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale securities ​ $ — ​ $ 25,919 ​ $ — ​ $ — ​ $ — ​ $ (1,501) ​ $ 24,418 Loans held for sale ​ ​ 40,707 ​ ​ 80,417 ​ ​ (61,522) ​ ​ (1,008) ​ ​ (20,558) ​ ​ — ​ ​ 38,036 Loans held for investment ​ ​ 9,181 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,677 ​ ​ — ​ ​ 10,858 Derivative assets ​ ​ — ​ ​ 782 ​ ​ — ​ ​ — ​ ​ 38 ​ ​ — ​ ​ 820 MSR asset ​ ​ 100,825 ​ ​ 27,359 ​ ​ (19,055) ​ ​ — ​ ​ (12,467) ​ ​ — ​ ​ 96,662 Equity investment ​ ​ — ​ ​ 19,540 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 19,540 Total ​ $ 150,713 ​ $ 154,017 ​ $ (80,577) ​ $ (1,008) ​ $ (31,310) ​ $ (1,501) ​ $ 190,334 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 47,716 ​ $ 52,058 ​ $ (48,900) ​ $ 5,587 ​ $ (15,754) ​ $ — ​ $ 40,707 Loans held for investment ​ ​ — ​ ​ 9,611 ​ ​ (562) ​ ​ — ​ ​ 132 ​ ​ — ​ ​ 9,181 MSR asset ​ ​ 86,990 ​ ​ 56,974 ​ ​ (65,108) ​ ​ — ​ ​ 21,969 ​ ​ — ​ ​ 100,825 Total ​ $ 134,706 ​ $ 118,643 ​ $ (114,570) ​ $ 5,587 ​ $ 6,347 ​ $ — ​ $ 150,713 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ $ 71,816 ​ $ 56,480 ​ $ (76,166) ​ $ (4,139) ​ $ (275) ​ $ — ​ $ 47,716 MSR asset ​ ​ 143,742 ​ ​ 78,433 ​ ​ (142,558) ​ ​ — ​ ​ 7,373 ​ ​ — ​ ​ 86,990 Total ​ $ 215,558 ​ $ 134,913 ​ $ (218,724) ​ $ (4,139) ​ $ 7,098 ​ $ — ​ $ 134,706
Schedule of significant unobservable inputs used in the fair value measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range (Weighted-Average) Financial instrument Fair Value Valuation Technique Unobservable Inputs December 31, 2023 ​ December 31, 2022 Available for sale securities ​ $ 11,983 ​ Discounted cash flow ​ Discount rate ​ 14.25 - 15.50 % ​ ​ ​ ​ — - — ​ ​ ​ ​ ​ ​ ​ 12,435 ​ Recent transaction ​ Recent transaction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ ​ 38,036 ​ Market comparable ​ Projected price ​ 78 - 92 % ( 90 %) ​ 88 - 95 % ( 89 %) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ ​ 10,858 ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 10.00 % ​ ​ ​ ​ ​ 11.88 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative assets ​ ​ 820 ​ Discounted cash flow ​ Discount rate ​ ​ ​ ​ 15.00 % ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MSR asset ​ ​ 96,662 ​ Discounted cash flow ​ Constant prepayment rate ​ ​ ​ ​ 8.65 % ​ ​ ​ ​ ​ 8.14 % ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ ​ ​ ​ 11.67 % ​ ​ ​ ​ ​ 12.10 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity investments ​ ​ 19,540 ​ Recent transaction ​ Recent transaction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ Year Ended December 31, 2022 ​ Year Ended December 31, 2021 ​ Net Other Total Net Other Total Net Other Total ​ ​ Gains ​ Noninterest ​ Changes in ​ Gains ​ Noninterest ​ Changes in ​ Gains ​ Noninterest ​ Changes in ​ ​ (Losses) ​ Income ​ Fair Value ​ (Losses) ​ Income ​ Fair Value ​ (Losses) ​ Income ​ Fair Value Loans held for sale ​ $ 14,426 ​ $ — ​ $ 14,426 ​ $ (48,916) ​ $ — ​ $ (48,916) ​ $ (55,442) ​ $ — ​ $ (55,442) Loans held for investment ​ ​ 565 ​ — ​ 565 ​ ​ (660) ​ — ​ (660) ​ ​ — ​ — ​ — MSR asset ​ (12,467) ​ — ​ (12,467) ​ 21,969 ​ — ​ 21,969 ​ 7,373 ​ — ​ 7,373
Schedule of carrying values and estimated fair values of financial instruments	​ The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2023 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,859,350 ​ $ 1,859,350 ​ $ — ​ $ — ​ $ 1,859,350 Assets segregated for regulatory purposes ​ ​ 57,395 ​ ​ 57,395 ​ ​ — ​ ​ — ​ ​ 57,395 Securities purchased under agreements to resell ​ ​ 80,011 ​ ​ — ​ ​ 80,011 ​ ​ — ​ ​ 80,011 Held to maturity securities ​ ​ 812,677 ​ ​ — ​ ​ 731,858 ​ ​ — ​ ​ 731,858 Loans held for sale ​ ​ 121,652 ​ ​ — ​ ​ 99,358 ​ ​ 22,882 ​ ​ 122,240 Loans held for investment, net ​ ​ 7,957,474 ​ ​ — ​ ​ 344,172 ​ ​ 7,696,393 ​ ​ 8,040,565 Broker-dealer and clearing organization receivables ​ 1,573,931 ​ — ​ 1,573,931 ​ — ​ 1,573,931 Other assets ​ 74,613 ​ — ​ 74,613 ​ — ​ 74,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,063,192 ​ — ​ 11,045,957 ​ — ​ 11,045,957 Broker-dealer and clearing organization payables ​ 1,430,734 ​ — ​ 1,430,734 ​ — ​ 1,430,734 Short-term borrowings ​ 900,038 ​ — ​ 900,038 ​ — ​ 900,038 Debt ​ 347,145 ​ — ​ 319,505 ​ — ​ 319,505 Other liabilities ​ 24,280 ​ — ​ 24,280 ​ — ​ 24,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ Carrying Level 1 Level 2 Level 3 ​ ​ December 31, 2022 ​ Amount ​ Inputs ​ Inputs ​ Inputs ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 1,580,162 ​ $ 1,580,162 ​ $ — ​ $ — ​ $ 1,580,162 Assets segregated for regulatory purposes ​ ​ 67,737 ​ ​ 67,737 ​ ​ — ​ ​ — ​ ​ 67,737 Securities purchased under agreements to resell ​ ​ 118,070 ​ ​ — ​ ​ 118,070 ​ ​ — ​ ​ 118,070 Held to maturity securities ​ ​ 875,532 ​ ​ — ​ ​ 785,335 ​ ​ — ​ ​ 785,335 Loans held for sale ​ ​ 126,919 ​ ​ — ​ ​ 82,684 ​ ​ 42,908 ​ ​ 125,592 Loans held for investment, net ​ ​ 7,988,050 ​ ​ — ​ ​ 431,223 ​ ​ 7,434,038 ​ ​ 7,865,261 Broker-dealer and clearing organization receivables ​ 1,038,055 ​ — ​ 1,038,055 ​ — ​ 1,038,055 Other assets ​ 77,052 ​ — ​ 75,386 ​ 1,666 ​ 77,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 11,315,749 ​ — ​ 11,295,153 ​ — ​ 11,295,153 Broker-dealer and clearing organization payables ​ 966,470 ​ — ​ 966,470 ​ — ​ 966,470 Short-term borrowings ​ 970,056 ​ — ​ 970,056 ​ — ​ 970,056 Debt ​ 346,654 ​ — ​ 350,104 ​ — ​ 350,104 Other liabilities ​ 5,410 ​ — ​ 5,410 ​ — ​ 5,410 ​
Schedule of adjustments to the carrying value of these investments	The following table presents the adjustments to the carrying value of these investments (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 Balance, beginning of year $ 27,264 $ 16,817 Additional investments ​ ​ 374 ​ ​ 11,000 Upward adjustments ​ ​ 611 ​ ​ 916 Impairments and downward adjustments ​ ​ (5,056) ​ ​ (1,469) Other ​ ​ (16,586) ​ ​ — Balance, end of year ​ $ 6,607 ​ $ 27,264 ​

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Securities
Summary of trading securities	The fair value of trading securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 U.S. Treasury securities $ 3,736 $ 10,466 U.S. government agencies: ​ ​ ​ ​ ​ ​ Bonds ​ 12,867 ​ ​ 20,878 ​ Residential mortgage-backed securities 124,768 ​ 214,100 ​ Collateralized mortgage obligations ​ 86,281 ​ ​ 182,717 ​ Other ​ 13,079 ​ ​ — ​ Corporate debt securities ​ 37,569 ​ ​ 42,685 ​ States and political subdivisions ​ 180,890 ​ ​ 260,271 ​ Private-label securitized product ​ 47,768 ​ ​ 9,265 ​ Other ​ 9,033 ​ ​ 14,650 ​ Totals $ 515,991 ​ $ 755,032 ​
Summary of amortized cost and fair value of available for sale securities	The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2023 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 4,985 ​ $ — ​ $ (368) ​ $ 4,617 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 166,617 ​ ​ 360 ​ ​ (811) ​ ​ 166,166 Residential mortgage-backed securities ​ 389,160 ​ 25 ​ (39,315) ​ 349,870 Commercial mortgage-backed securities ​ ​ 200,236 ​ 468 ​ (8,958) ​ 191,746 Collateralized mortgage obligations ​ 797,876 ​ 291 ​ (61,686) ​ 736,481 Corporate debt securities ​ 25,919 ​ — ​ (1,501) ​ 24,418 States and political subdivisions ​ 36,954 ​ 39 ​ (2,696) ​ 34,297 Totals ​ $ 1,621,747 ​ $ 1,183 ​ $ (115,335) ​ $ 1,507,595 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2022 ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 19,655 ​ $ 3 ​ $ (514) ​ $ 19,144 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds ​ ​ 202,834 ​ ​ 323 ​ ​ (900) ​ ​ 202,257 Residential mortgage-backed securities ​ 455,121 ​ 12 ​ (48,775) ​ 406,358 Commercial mortgage-backed securities ​ ​ 183,266 ​ 65 ​ (7,832) ​ 175,499 Collateralized mortgage obligations ​ 887,521 ​ — ​ (68,627) ​ 818,894 States and political subdivisions ​ 40,160 ​ 57 ​ (3,603) ​ 36,614 Totals ​ $ 1,788,557 ​ $ 460 ​ $ (130,251) ​ $ 1,658,766
Summary of amortized cost and fair value of held to maturity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2023 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 278,172 ​ $ — ​ $ (25,765) ​ $ 252,407 Commercial mortgage-backed securities ​ ​ 172,879 ​ — ​ (12,670) ​ 160,209 Collateralized mortgage obligations ​ 284,208 ​ — ​ (37,189) ​ 247,019 States and political subdivisions ​ 77,418 ​ 149 ​ (5,344) ​ 72,223 Totals ​ $ 812,677 ​ $ 149 ​ $ (80,968) ​ $ 731,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to Maturity ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ December 31, 2022 Cost Gains Losses Fair Value U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ $ 301,583 ​ $ — ​ $ (29,727) ​ $ 271,856 Commercial mortgage-backed securities ​ ​ 180,942 ​ ​ — ​ ​ (14,935) ​ ​ 166,007 Collateralized mortgage obligations ​ 314,705 ​ — ​ (38,343) ​ 276,362 States and political subdivisions ​ 78,302 ​ 26 ​ (7,218) ​ 71,110 Totals ​ $ 875,532 ​ $ 26 ​ $ (90,223) ​ $ 785,335
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ 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 — ​ $ — ​ $ — — ​ $ — ​ $ — Unrealized loss for twelve months or longer 1 ​ 4,617 ​ 368 1 ​ 4,465 ​ 514 ​ 1 ​ 4,617 ​ 368 1 ​ 4,465 ​ 514 U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonds: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 4 ​ ​ 28,988 ​ ​ 103 15 ​ ​ 98,246 ​ ​ 388 Unrealized loss for twelve months or longer 20 ​ 112,502 ​ 708 3 ​ 15,263 ​ 512 ​ 24 ​ ​ 141,490 ​ ​ 811 18 ​ 113,509 ​ 900 Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 14 ​ 8,989 ​ 616 95 ​ 168,351 ​ 10,036 Unrealized loss for twelve months or longer 109 ​ 338,769 ​ 38,699 30 ​ 236,739 ​ 38,739 ​ 123 ​ ​ 347,758 ​ ​ 39,315 125 ​ 405,090 ​ 48,775 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 10,413 ​ 282 11 ​ 79,337 ​ 2,047 Unrealized loss for twelve months or longer 18 ​ 162,470 ​ 8,676 8 ​ 86,923 ​ 5,785 ​ 20 ​ ​ 172,883 ​ ​ 8,958 19 ​ 166,260 ​ 7,832 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 11,560 ​ 22 97 ​ 563,872 ​ 30,980 Unrealized loss for twelve months or longer 138 ​ 709,571 ​ 61,665 48 ​ 244,917 ​ 37,647 ​ 140 ​ ​ 721,131 ​ ​ 61,687 145 ​ 808,789 ​ 68,627 Corporate debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 2 ​ 13,483 ​ 1,501 — ​ — ​ — Unrealized loss for twelve months or longer — ​ — ​ — — ​ — ​ — ​ 2 ​ ​ 13,483 ​ ​ 1,501 — ​ — ​ — States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 10 ​ 7,023 ​ 55 34 ​ 20,555 ​ 964 Unrealized loss for twelve months or longer 50 ​ 20,857 ​ 2,640 29 ​ 7,892 ​ 2,639 ​ 60 ​ ​ 27,880 ​ ​ 2,695 63 ​ 28,447 ​ 3,603 Total available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 34 ​ 80,456 ​ 2,579 252 ​ 930,361 ​ 44,415 Unrealized loss for twelve months or longer 336 ​ 1,348,786 ​ 112,756 119 ​ 596,199 ​ 85,836 ​ 370 ​ $ 1,429,242 ​ $ 115,335 371 ​ $ 1,526,560 ​ $ 130,251
Schedule of information regarding held to maturity securities that were in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Number of ​ ​ Unrealized Number of ​ ​ Unrealized ​ ​ Securities ​ Fair Value ​ Losses ​ Securities ​ Fair Value ​ Losses Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ $ — ​ $ — 14 ​ $ 59,089 ​ $ 5,928 Unrealized loss for twelve months or longer 44 ​ 278,172 ​ 25,765 31 ​ 212,768 ​ 23,799 ​ 44 ​ 278,172 ​ 25,765 45 ​ 271,857 ​ 29,727 Commercial mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 30 ​ 163,172 ​ 14,483 Unrealized loss for twelve months or longer 31 ​ 160,208 ​ 12,670 1 ​ 2,834 ​ 452 ​ 31 ​ 160,208 ​ 12,670 31 ​ 166,006 ​ 14,935 Collateralized mortgage obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months — ​ — ​ — 18 ​ 33,836 ​ 3,225 Unrealized loss for twelve months or longer 54 ​ 247,019 ​ 37,189 38 ​ 242,527 ​ 35,118 ​ 54 ​ 247,019 ​ 37,189 56 ​ 276,363 ​ 38,343 States and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 39 ​ ​ 15,506 ​ ​ 479 150 ​ ​ 59,459 ​ ​ 5,362 Unrealized loss for twelve months or longer 128 ​ 45,208 ​ 4,865 27 ​ 8,093 ​ 1,856 ​ 167 ​ 60,714 ​ 5,344 177 ​ 67,552 ​ 7,218 Total held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized loss for less than twelve months 39 ​ 15,506 ​ 479 212 ​ 315,556 ​ 28,998 Unrealized loss for twelve months or longer 257 ​ 730,607 ​ 80,489 97 ​ 466,222 ​ 61,225 ​ 296 ​ $ 746,113 ​ $ 80,968 309 ​ $ 781,778 ​ $ 90,223
Schedule of amortized cost and fair value of securities, excluding trading and equity securities, by contractual maturity	The amortized cost and fair value of securities, excluding trading and equity securities, at December 31, 2023 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 ​ $ 31,654 ​ $ 31,518 ​ $ 310 ​ $ 310 Due after one year through five years ​ 83,137 ​ 81,199 ​ 2,729 ​ 2,613 Due after five years through ten years ​ 56,712 ​ 56,272 ​ 37,034 ​ 35,153 Due after ten years ​ 62,972 ​ 60,509 ​ 37,345 ​ 34,147 ​ ​ 234,475 ​ 229,498 ​ 77,418 ​ 72,223 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 389,160 ​ 349,870 ​ 278,172 ​ 252,407 Commercial mortgage-backed securities ​ 200,236 ​ 191,746 ​ 172,879 ​ 160,209 Collateralized mortgage obligations ​ 797,876 ​ 736,481 ​ 284,208 ​ 247,019 ​ ​ $ 1,621,747 ​ $ 1,507,595 ​ $ 812,677 ​ $ 731,858

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Held for Investment
Summary of loans held for investment by portfolio segment	Loans held for investment summarized by portfolio segment are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Commercial real estate: ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 1,889,882 ​ $ 1,870,552 Owner occupied ​ ​ 1,422,234 ​ ​ 1,375,321 Commercial and industrial ​ 1,607,833 ​ ​ 1,639,980 Construction and land development ​ 1,031,095 ​ ​ 980,896 1-4 family residential ​ ​ 1,757,178 ​ ​ 1,767,099 Consumer ​ ​ 27,351 ​ ​ 27,602 Broker-dealer (1) ​ ​ 344,172 ​ ​ 431,223 ​ ​ 8,079,745 ​ 8,092,673 Allowance for credit losses ​ (111,413) ​ ​ (95,442) Total loans held for investment, net of allowance ​ $ 7,968,332 ​ $ 7,997,231 (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations.
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 December 31, 2023 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Due Loans ​ Loans ​ Loans ​ 90 Days or More Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 6,125 ​ $ — ​ $ 799 ​ $ 6,924 ​ $ 1,882,958 ​ $ 1,889,882 ​ $ — Owner occupied ​ 6,823 ​ ​ 386 ​ ​ 3,897 ​ ​ 11,106 ​ ​ 1,411,128 ​ ​ 1,422,234 ​ ​ — Commercial and industrial ​ ​ 3,348 ​ ​ 1,496 ​ ​ 2,074 ​ ​ 6,918 ​ ​ 1,600,915 ​ ​ 1,607,833 ​ ​ — Construction and land development ​ 767 ​ ​ 1,554 ​ ​ 276 ​ ​ 2,597 ​ ​ 1,028,498 ​ ​ 1,031,095 ​ ​ — 1-4 family residential ​ 8,625 ​ ​ 1,292 ​ ​ 3,203 ​ ​ 13,120 ​ ​ 1,744,058 ​ ​ 1,757,178 ​ ​ — Consumer ​ 28 ​ ​ 4 ​ ​ 5 ​ ​ 37 ​ ​ 27,314 ​ ​ 27,351 ​ ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 344,172 ​ ​ 344,172 ​ ​ — ​ ​ $ 25,716 ​ $ 4,732 ​ $ 10,254 ​ $ 40,702 ​ $ 8,039,043 ​ $ 8,079,745 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Loans ​ ​ Loans Past Due ​ Total Past ​ Current ​ Total ​ Past Due December 31, 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 ​ $ 567 ​ $ — ​ $ 235 ​ $ 802 ​ $ 1,869,750 ​ $ 1,870,552 ​ $ — Owner occupied ​ 1,037 ​ ​ 2,880 ​ ​ — ​ ​ 3,917 ​ ​ 1,371,404 ​ ​ 1,375,321 ​ ​ — Commercial and industrial ​ ​ 609 ​ ​ 82 ​ ​ 5,598 ​ ​ 6,289 ​ ​ 1,633,691 ​ ​ 1,639,980 ​ ​ 49 Construction and land development ​ 3,665 ​ ​ — ​ ​ — ​ ​ 3,665 ​ ​ 977,231 ​ ​ 980,896 ​ ​ — 1-4 family residential ​ 9,733 ​ ​ 773 ​ ​ 4,467 ​ ​ 14,973 ​ ​ 1,752,126 ​ ​ 1,767,099 ​ ​ 1 Consumer ​ 177 ​ ​ 7 ​ ​ 14 ​ ​ 198 ​ ​ 27,404 ​ ​ 27,602 ​ ​ 1 Broker-dealer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 431,223 ​ ​ 431,223 ​ ​ — ​ ​ $ 15,788 ​ $ 3,742 ​ $ 10,314 ​ $ 29,844 ​ $ 8,062,829 ​ $ 8,092,673 ​ $ 51
Summary of non-accrual loans by portfolio segment	The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual Loans ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ Interest Income Recognized ​ ​ With ​ With No ​ ​ ​ ​ With ​ With No ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ Allowance Allowance Total Allowance Allowance Total 2023 2022 2021 Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 33,728 ​ $ 2,712 ​ $ 36,440 ​ $ 688 ​ $ 562 ​ $ 1,250 ​ ​ $ 592 ​ $ 483 ​ $ 378 Owner occupied ​ 4,630 ​ ​ 468 ​ ​ 5,098 ​ 2,862 ​ ​ 157 ​ ​ 3,019 ​ ​ ​ 568 ​ ​ 556 ​ ​ 648 Commercial and industrial ​ ​ 5,216 ​ ​ 4,286 ​ ​ 9,502 ​ ​ 3,727 ​ ​ 5,368 ​ ​ 9,095 ​ ​ ​ 1,840 ​ ​ 1,099 ​ ​ 2,585 Construction and land development ​ 533 ​ ​ 2,749 ​ ​ 3,282 ​ 1 ​ ​ — ​ ​ 1 ​ ​ ​ 69 ​ ​ 29 ​ ​ 202 1-4 family residential ​ 726 ​ ​ 9,283 ​ ​ 10,009 ​ 433 ​ ​ 10,862 ​ ​ 11,295 ​ ​ ​ 1,597 ​ ​ 3,420 ​ ​ 3,721 Consumer ​ 6 ​ ​ — ​ ​ 6 ​ 14 ​ ​ — ​ ​ 14 ​ ​ ​ — ​ ​ — ​ ​ (120) Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 44,839 ​ $ 19,498 ​ $ 64,337 ​ $ 7,725 ​ $ 16,949 ​ $ 24,674 ​ ​ $ 4,666 ​ $ 5,587 ​ $ 7,414
Schedule of amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty	The following table presents the amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty grouped by portfolio segment and type of modification granted during the periods presented (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Modifications as a ​ ​ ​ Interest Rate ​ Term ​ Principal ​ Payment ​ % of Portfolio ​ Year Ended December 31, 2023 ​ Reduction ​ Extension ​ Forgiveness ​ Delay ​ Segment ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ — ​ $ 33,680 ​ $ — ​ $ — ​ 1.8 % Owner occupied ​ ​ — ​ ​ 2,183 ​ ​ — ​ ​ — ​ 0.2 % Commercial and industrial ​ ​ 510 ​ ​ 17,921 ​ ​ — ​ ​ 2,776 ​ 1.3 % Construction and land development ​ ​ — ​ ​ 13,001 ​ ​ — ​ ​ — ​ 1.3 % 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — % Total ​ $ 510 ​ $ 66,785 ​ $ — ​ $ 2,776 ​ 0.9 %
Schedule of analysis of the aging of the Modified Loans	For those loans held for investment modified for borrowers experiencing financial difficulty, the following table provides aging and non-accrual details grouped by portfolio segment (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Modified Loans Past Due ​ Total Modified ​ Modified December 31, 2023 ​ 30-59 Days ​ 60-89 Days ​ 90 Days or More ​ Past Due Loans ​ Non-accrual Loans Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 380 ​ $ — ​ $ — ​ $ 380 ​ $ 33,680 Owner occupied ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 ​ ​ 11 Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,071 Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 257 1-4 family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Broker-dealer ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 380 ​ $ — ​ $ 11 ​ $ 391 ​ $ 37,019
Schedule of financial effects of the loans held for investment modified for borrowers experiencing financial difficulty	The following table presents the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Weighted Average ​ ​ ​ Interest Rate ​ ​ Term ​ ​ ​ Reduction ​ ​ Extension ​ ​ ​ (in bps) ​ ​ (in months) Commercial real estate: ​ ​ ​ ​ ​ ​ Non-owner occupied ​ ​ — % ​ 26 Owner occupied ​ ​ — % ​ 35 Commercial and industrial ​ ​ 0.5 % ​ 10 Construction and land development ​ ​ — % ​ 24 1-4 family residential ​ ​ — % ​ — Consumer ​ ​ — % ​ — Broker-dealer ​ ​ — % ​ — Total ​ ​ 0.5 % ​ 22
Schedule of information regarding TDRs granted	Information regarding TDRs granted during 2022 and 2021 that did not qualify for the CARES Act exemption is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Year Ended December 31, 2021 ​ Number of Balance at Balance at Number of Balance at Balance at ​ ​ Loans ​ Extension ​ End of Year ​ Loans ​ Extension ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ — ​ $ — ​ $ — ​ — ​ $ — ​ $ — Owner occupied ​ 2 ​ ​ 2,743 ​ ​ 2,072 ​ 1 ​ 725 ​ 713 Commercial and industrial ​ 1 ​ ​ 873 ​ ​ 734 ​ — ​ — ​ — Construction and land development ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — 1-4 family residential ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Consumer ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — Broker-dealer ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ ​ 3 $ 3,616 $ 2,806 1 $ 725 $ 713
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 ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2018 and ​ ​ ​ ​ Converted to ​ ​ ​ December 31, 2023 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ ​ Prior ​ Revolving ​ Term Loans ​ Total Commercial real estate: non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 5,061 ​ $ 31,277 ​ $ 32,215 ​ $ 17,723 ​ $ 1,987 ​ $ 5,279 ​ $ (24) ​ $ 184 ​ $ 93,702 Internal Grade 4-7 (Pass normal risk) ​ ​ 195,842 ​ ​ 255,185 ​ ​ 361,991 ​ ​ 102,838 ​ ​ 73,746 ​ ​ 44,490 ​ ​ 35,471 ​ ​ 16,633 ​ ​ 1,086,196 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 125,658 ​ ​ 185,144 ​ ​ 99,208 ​ ​ 87,498 ​ ​ 55,772 ​ ​ 64,647 ​ ​ 10,380 ​ ​ 1,464 ​ ​ 629,771 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ 2,580 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,580 Internal Grade 13 (Substandard accrual) ​ ​ 6,366 ​ ​ 11,666 ​ ​ 13,988 ​ ​ 2,537 ​ ​ 5,943 ​ ​ 693 ​ ​ — ​ ​ — ​ ​ 41,193 Internal Grade 14 (Substandard non-accrual) ​ ​ 33,680 ​ ​ 1,401 ​ ​ — ​ ​ — ​ ​ 799 ​ ​ 560 ​ ​ — ​ ​ — ​ ​ 36,440 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 34 ​ ​ — ​ ​ — ​ ​ 34 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 52,893 ​ $ 31,883 ​ $ 112,234 ​ $ 40,620 ​ $ 17,401 ​ $ 44,061 ​ $ 3,586 ​ $ 13,929 ​ $ 316,607 Internal Grade 4-7 (Pass normal risk) ​ ​ 105,552 ​ ​ 167,168 ​ ​ 133,808 ​ ​ 68,022 ​ ​ 56,168 ​ ​ 120,702 ​ ​ 16,914 ​ ​ — ​ ​ 668,334 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 52,860 ​ ​ 95,474 ​ ​ 78,508 ​ ​ 82,518 ​ ​ 23,988 ​ ​ 61,858 ​ ​ 4,880 ​ ​ — ​ ​ 400,086 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 2,518 ​ ​ 2,746 ​ ​ 4,252 ​ ​ 6,718 ​ ​ 5,825 ​ ​ 9,952 ​ ​ 98 ​ ​ — ​ ​ 32,109 Internal Grade 14 (Substandard non-accrual) ​ ​ 167 ​ ​ 3,974 ​ ​ 646 ​ ​ — ​ ​ 230 ​ ​ 81 ​ ​ — ​ ​ — ​ ​ 5,098 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 977 ​ ​ — ​ ​ — ​ ​ 977 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 15,861 ​ $ 21,921 ​ $ 44,523 ​ $ 13,927 ​ $ 19,430 ​ $ 1,126 ​ $ 24,540 ​ $ — ​ $ 141,328 Internal Grade 4-7 (Pass normal risk) ​ ​ 68,066 ​ ​ 82,604 ​ ​ 117,809 ​ ​ 22,801 ​ ​ 3,537 ​ ​ 9,696 ​ ​ 316,492 ​ ​ 8,855 ​ ​ 629,860 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 120,945 ​ ​ 121,349 ​ ​ 39,160 ​ ​ 35,535 ​ ​ 5,287 ​ ​ 6,676 ​ ​ 240,601 ​ ​ 1,807 ​ ​ 571,360 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 642 ​ ​ — ​ ​ 642 Internal Grade 13 (Substandard accrual) ​ ​ 5,396 ​ ​ 1,409 ​ ​ 2,494 ​ ​ 2,469 ​ ​ 3,221 ​ ​ 151 ​ ​ 54,878 ​ ​ 17,427 ​ ​ 87,445 Internal Grade 14 (Substandard non-accrual) ​ ​ 256 ​ ​ 287 ​ ​ 131 ​ ​ 3,146 ​ ​ — ​ ​ 933 ​ ​ 1,251 ​ ​ 3,498 ​ ​ 9,502 Current period gross charge-offs ​ ​ 1,149 ​ ​ 3,041 ​ ​ 87 ​ ​ — ​ ​ 25 ​ ​ 586 ​ ​ — ​ ​ — ​ ​ 4,888 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Internal Grade 1-3 (Pass low risk) ​ $ 4,572 ​ $ 6,128 ​ $ 12,090 ​ $ — ​ $ 791 ​ $ 315 ​ $ — ​ $ — ​ $ 23,896 Internal Grade 4-7 (Pass normal risk) ​ ​ 236,906 ​ ​ 163,975 ​ ​ 112,911 ​ ​ 37,943 ​ ​ 782 ​ ​ 1,731 ​ ​ 23,118 ​ ​ — ​ ​ 577,366 Internal Grade 8-11 (Pass high risk and watch) ​ ​ 173,051 ​ ​ 173,186 ​ ​ 5,869 ​ ​ 2,394 ​ ​ 2,342 ​ ​ 192 ​ ​ 2,206 ​ ​ 6,072 ​ ​ 365,312 Internal Grade 12 (Special mention) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Internal Grade 13 (Substandard accrual) ​ ​ 27,198 ​ ​ 5,404 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,571 ​ ​ 34,173 Internal Grade 14 (Substandard non-accrual) ​ ​ 276 ​ ​ 3,006 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,282 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development - individuals ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — FICO between 620 and 720 ​ ​ 3,890 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 883 ​ ​ — ​ ​ — ​ ​ 4,773 FICO greater than 720 ​ ​ 22,122 ​ ​ — ​ ​ 120 ​ ​ 51 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22,293 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other (1) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ — ​ $ 1,447 ​ $ 510 ​ $ 751 ​ $ 210 ​ $ 23,350 ​ $ 230 ​ $ — ​ $ 26,498 FICO between 620 and 720 ​ ​ 8,043 ​ ​ 16,787 ​ ​ 11,956 ​ ​ 6,016 ​ ​ 4,791 ​ ​ 24,903 ​ ​ 1,224 ​ ​ 196 ​ ​ 73,916 FICO greater than 720 ​ ​ 152,992 ​ ​ 536,095 ​ ​ 721,724 ​ ​ 87,037 ​ ​ 36,636 ​ ​ 52,301 ​ ​ 2,912 ​ ​ 625 ​ ​ 1,590,322 Substandard non-accrual ​ ​ 534 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,475 ​ ​ — ​ ​ — ​ ​ 10,009 Other (1) ​ ​ 29,923 ​ ​ 16,747 ​ ​ 3,436 ​ ​ 1,375 ​ ​ 2,197 ​ ​ 2,591 ​ ​ 164 ​ ​ — ​ ​ 56,433 Current period gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 73 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FICO less than 620 ​ $ 878 ​ $ 468 ​ $ 39 ​ $ 82 ​ $ 6 ​ $ 4 ​ $ 369 ​ $ 6 ​ $ 1,852 FICO between 620 and 720 ​ ​ 3,858 ​ ​ 1,259 ​ ​ 518 ​ ​ 276 ​ ​ 103 ​ ​ 27 ​ ​ 1,933 ​ ​ 8 ​ ​ 7,982 FICO greater than 720 ​ ​ 3,890 ​ ​ 2,815 ​ ​ 842 ​ ​ 361 ​ ​ 56 ​ ​ — ​ ​ 2,720 ​ ​ 1 ​ ​ 10,685 Substandard non-accrual ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 6 Other (1) ​ ​ 4,498 ​ ​ 1,623 ​ ​ 218 ​ ​ 281 ​ ​ 25 ​ ​ 14 ​ ​ 167 ​ ​ — ​ ​ 6,826 Current period gross charge-offs ​ ​ 280 ​ ​ 72 ​ ​ 9 ​ ​ 9 ​ ​ 2 ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans with credit quality measures ​ $ 1,463,752 ​ $ 1,942,428 ​ $ 1,913,780 ​ $ 622,919 ​ $ 321,273 ​ $ 486,697 ​ $ 744,752 ​ $ 72,276 ​ $ 7,567,877 Commercial and industrial (mortgage warehouse lending) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 156,838 Commercial and industrial (loans accounted for at fair value) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 10,858 Broker-dealer (margin loans and correspondent receivables) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 344,172 Total loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,079,745 (1) Loans classified in this category were assigned a FICO score based on various factors specific to the borrower for credit modeling purposes.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Allowance for Credit Losses
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for credit losses for loans held for investments, distributed by portfolio segment, are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2023 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 39,247 ​ $ 806 ​ $ (34) ​ $ 42 ​ $ 40,061 Owner occupied ​ ​ 24,008 ​ ​ 5,042 ​ ​ (977) ​ ​ 41 ​ ​ 28,114 Commercial and industrial ​ 16,035 ​ ​ 6,334 ​ ​ (4,888) ​ ​ 3,445 ​ 20,926 Construction and land development ​ 6,051 ​ ​ 6,052 ​ ​ (1) ​ ​ — ​ 12,102 1-4 family residential ​ 9,313 ​ ​ 86 ​ ​ (73) ​ ​ 135 ​ 9,461 Consumer ​ ​ 554 ​ ​ 205 ​ ​ (387) ​ ​ 276 ​ ​ 648 Broker-dealer ​ ​ 234 ​ ​ (133) ​ ​ — ​ ​ — ​ ​ 101 Total ​ $ 95,442 ​ $ 18,392 ​ $ (6,360) ​ $ 3,939 ​ $ 111,413 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2022 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 36,001 ​ $ 3,218 ​ $ — ​ $ 28 ​ $ 39,247 Owner occupied ​ ​ 23,353 ​ ​ 555 ​ ​ — ​ ​ 100 ​ ​ 24,008 Commercial and industrial ​ 21,982 ​ ​ (1,748) ​ ​ (6,945) ​ ​ 2,746 ​ 16,035 Construction and land development ​ 4,674 ​ ​ 1,377 ​ ​ — ​ ​ — ​ 6,051 1-4 family residential ​ 4,589 ​ ​ 4,729 ​ ​ (138) ​ ​ 133 ​ 9,313 Consumer ​ ​ 578 ​ ​ 119 ​ ​ (432) ​ ​ 289 ​ ​ 554 Broker-dealer ​ ​ 175 ​ ​ 59 ​ ​ — ​ ​ — ​ ​ 234 Total ​ $ 91,352 ​ $ 8,309 ​ $ (7,515) ​ $ 3,296 ​ $ 95,442 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, Provision for ​ Recoveries on ​ ​ ​ ​ Beginning of ​ (Reversal of) ​ Loans ​ Charged Off ​ Balance, Year Ended December 31, 2021 ​ Year ​ Credit Losses ​ Charged Off ​ Loans ​ End of Year Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-owner occupied ​ $ 67,521 ​ $ (31,536) ​ $ — ​ $ 16 ​ $ 36,001 Owner occupied ​ ​ 42,108 ​ ​ (18,695) ​ ​ (310) ​ ​ 250 ​ ​ 23,353 Commercial and industrial ​ 27,703 ​ ​ (6,128) ​ ​ (2,249) ​ ​ 2,656 ​ 21,982 Construction and land development ​ 6,677 ​ ​ (2,003) ​ ​ — ​ ​ — ​ 4,674 1-4 family residential ​ 3,946 ​ ​ 409 ​ ​ (312) ​ ​ 546 ​ 4,589 Consumer ​ ​ 876 ​ ​ (222) ​ ​ (357) ​ ​ 281 ​ ​ 578 Broker-dealer ​ ​ 213 ​ ​ (38) ​ ​ — ​ ​ — ​ ​ 175 Total ​ $ 149,044 ​ $ (58,213) ​ $ (3,228) ​ $ 3,749 ​ $ 91,352 ​
Schedule of changes in the allowance for credit losses for loans with off-balance sheet credit exposures	Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 7,784 ​ $ 5,880 ​ $ 8,388 Other noninterest expense ​ 1,092 ​ ​ 1,904 ​ ​ (2,508) Balance, end of year $ 8,876 ​ $ 7,784 ​ $ 5,880

Cash and Due from Banks (Tables

Cash and Due from Banks (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and Due from Banks
Schedule of cash and due from banks	Cash and due from banks consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Cash on hand ​ $ 34,835 ​ $ 39,588 Clearings and collection items ​ 73,563 ​ 162,817 Deposits at Federal Reserve Bank ​ 1,618,966 ​ 1,334,482 Deposits at Federal Home Loan Bank ​ 2,415 ​ 1,520 Deposits in FDIC-insured institutions ​ 128,921 ​ 41,105 ​ ​ $ 1,858,700 ​ $ 1,579,512

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Premises and Equipment
Summary of the components of premises and equipment	The components of premises and equipment are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Land and premises ​ $ 124,067 ​ $ 125,039 ​ Furniture and equipment ​ 284,041 ​ 278,265 ​ ​ ​ 408,108 ​ 403,304 ​ Less accumulated depreciation and amortization ​ (239,252) ​ (218,354) ​ ​ ​ $ 168,856 ​ $ 184,950 ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Other Intangible Assets
Schedule of carrying value of intangible assets subject to amortization	The carrying value of intangible assets subject to amortization was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2023 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (48,297) ​ $ 633 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (9,813) ​ 6,687 ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (14,163) ​ 1,137 ​ ​ ​ ​ ​ ​ ​ $ 80,730 ​ $ (72,273) ​ $ 8,457 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Gross ​ ​ Net ​ ​ Useful Life ​ Intangible ​ Accumulated ​ Intangible December 31, 2022 ​ (Years) ​ Assets ​ Amortization ​ Assets Core deposits 4 - 12 ​ $ 48,930 ​ $ (46,801) ​ $ 2,129 ​ Trademarks and trade names ​ 20 ​ ​ 16,500 ​ (9,063) ​ 7,437 ​ Customer contracts and relationships 12 - 14 ​ 15,300 ​ (13,549) ​ 1,751 ​ ​ ​ ​ ​ ​ ​ $ 80,730 ​ $ (69,413) ​ $ 11,317 ​
Schedule of estimated aggregate future amortization expense for intangible assets	The estimated aggregate future amortization expense for intangible assets at December 31, 2023 is as follows (in thousands). ​ ​ ​ ​ 2024 $ 1,826 2025 1,028 2026 959 2027 889 2028 820 Thereafter 2,935 ​ $ 8,457 ​

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2023
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR asset	The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 ​ 2022 ​ 2021 Balance, beginning of year $ 100,825 ​ $ 86,990 ​ $ 143,742 Additions 27,359 ​ 56,974 ​ 78,433 Sales (19,055) ​ (65,108) ​ (142,558) Changes in fair value: ​ ​ ​ ​ ​ ​ ​ ​ Due to changes in model inputs or assumptions (1) (7,848) ​ 31,292 ​ 30,525 Due to customer payoffs (4,619) ​ (9,323) ​ (23,152) Balance, end of year $ 96,662 ​ $ 100,825 ​ $ 86,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2023 ​ 2022 ​ ​ Mortgage loans serviced for others (2) $ 5,227,404 ​ $ 5,144,558 ​ ​ ​ MSR asset as a percentage of serviced mortgage loans 1.85 % 1.96 % ​ (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 2022 and 2021 are MSR asset fair value adjustments totaling losses of $0.9 million and gains of $22.8 million, respectively, reflecting the difference between the MSR asset carrying values and the sale prices reflected in the letters of intent to sell the applicable MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. ​
Schedule of key assumptions used in measuring the fair value of the Company's MSR	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2023 ​ 2022 ​ Weighted average constant prepayment rate ​ 8.65 % ​ 8.14 % Weighted average discount rate ​ 11.67 % ​ 12.10 % Weighted average life (in years) ​ 8.2 ​ ​ 8.4 ​
Schedule of sensitivity analysis of fair value of the Company's MSR to certain key assumptions	A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Constant prepayment rate: ​ ​ ​ ​ ​ Impact of 10% adverse change $ (3,511) ​ $ (3,288) Impact of 20% adverse change (6,796) ​ (6,375) Discount rate: ​ ​ ​ ​ ​ Impact of 10% adverse change (4,474) ​ (4,797) Impact of 20% adverse change (8,537) ​ (9,147)

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 Noninterest-bearing demand ​ $ 3,007,101 ​ $ 3,968,862 ​ Interest-bearing: ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ 4,496,682 ​ 4,110,418 ​ Brokered - demand ​ 156,692 ​ 5,336 ​ Money market ​ 1,869,809 ​ 2,045,554 ​ Brokered - money market ​ 8,828 ​ 9,031 ​ Savings ​ 259,745 ​ 312,140 ​ Time ​ 1,221,935 ​ 864,408 ​ Brokered - time ​ 42,400 ​ — ​ ​ ​ $ 11,063,192 ​ $ 11,315,749 ​
Summary of scheduled maturities of interest-bearing time deposits	Scheduled maturities of all time deposits at December 31, 2023 are as follows (in thousands). ​ ​ ​ ​ ​ ​ 2024 $ 1,164,041 ​ 2025 ​ 40,362 ​ 2026 ​ 7,624 ​ 2027 ​ 6,431 ​ 2028 and thereafter ​ 45,877 ​ ​ ​ $ 1,264,335 ​ ​

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Federal funds purchased ​ $ 459,658 ​ $ 397,108 Securities sold under agreements to repurchase ​ 240,050 ​ 297,856 Federal Home Loan Bank ​ — ​ — Short-term bank loans ​ ​ — ​ ​ 57,500 Commercial paper ​ 200,330 ​ 217,592 ​ ​ $ 900,038 ​ $ 970,056
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Schedule of short-term borrowings	Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 2021 Average balance during the year ​ $ 804,515 ​ $ 573,183 ​ $ 363,964 ​ Average interest rate during the year ​ 5.53 % ​ 2.19 % 0.34 % Maximum month-end balance during the year ​ $ 1,341,502 ​ $ 741,499 ​ $ 427,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ Average interest rate at end of year ​ ​ 5.60 % ​ 4.37 % ​ ​ ​ Securities underlying the agreements at end of year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying value ​ $ 239,103 ​ $ 296,075 ​ ​ ​ ​ Estimated fair value ​ $ 262,408 ​ $ 318,409 ​ ​ ​ ​
Federal Home Loan Bank
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ Average balance during the year ​ $ 135,274 ​ $ — ​ $ — ​ Average interest rate during the year ​ ​ 5.10 % ​ — % ​ — % Maximum month-end balance during the year ​ $ 500,000 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ ​ 2023 ​ ​ 2022 ​ ​ ​ ​ Average interest rate at end of year ​ ​ — % ​ — % ​ ​ ​

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Senior Notes due April 2025, net of discount of $502 and $699, respectively ​ $ 149,498 ​ $ 149,301 Subordinated Notes due May 2030, net of discount of $511 and $610, respectively ​ 49,489 ​ 49,390 Subordinated Notes due May 2035, net of discount of $1,842 and $2,037, respectively ​ 148,158 ​ 147,963 Ventures Management lines of credit ​ ​ — ​ ​ — ​ ​ $ 347,145 ​ $ 346,654
Scheduled maturities of notes payable	Scheduled maturities for notes payable outstanding at December 31, 2023 are as follows (in thousands). ​ ​ ​ ​ 2024 $ — 2025 150,000 2026 — 2027 — 2028 — Thereafter 200,000 ​ $ 350,000 ​

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 ​ ​ 2022 Finance leases: ​ ​ ​ ​ ​ ​ Premises and equipment ​ $ 7,780 ​ $ 7,780 Accumulated depreciation ​ ​ (6,537) ​ ​ (5,948) Premises and equipment, net ​ $ 1,243 ​ $ 1,832
Schedule of components of lease costs	. The components of lease costs, including short-term lease costs, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Operating lease cost ​ $ 34,606 ​ $ 36,950 ​ $ 38,862 Less operating lease and sublease income ​ ​ (2,585) ​ ​ (2,380) ​ ​ (1,719) Net operating lease cost ​ $ 32,021 ​ $ 34,570 ​ $ 37,143 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ $ 590 ​ $ 590 ​ $ 590 Interest on lease liabilities ​ ​ 424 ​ ​ 478 ​ ​ 522 Total finance lease cost ​ $ 1,014 ​ $ 1,068 ​ $ 1,112
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 36,629 ​ $ 29,216 ​ $ 37,239 Operating cash flows from finance leases ​ ​ 427 ​ ​ 482 ​ ​ 522 Financing cash flows from finance leases ​ ​ 852 ​ ​ 759 ​ ​ 689 Right-of-use assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ $ 13,506 ​ $ 24,078 ​ $ 41,615 Finance leases ​ ​ — ​ ​ — ​ ​ —
Schedule of lease terms and discount rates	Information regarding the lease terms and discount rates of the Company’s leases is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining Lease ​ Weighted Average ​ Remaining Lease ​ Weighted Average Lease Classification Term (Years) ​ Discount Rate ​ Term (Years) ​ Discount Rate Operating ​ 5.3 ​ 4.59 % ​ 5.7 ​ 3.89 % Finance ​ 3.3 ​ 4.98 % ​ 4.0 ​ 4.89 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments, under lease agreements as of December 31, 2023, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2024 $ 30,461 ​ $ 1,163 2025 ​ 24,454 ​ ​ 886 2026 ​ 19,363 ​ ​ 813 2027 ​ 15,288 ​ ​ 448 2028 ​ 11,307 ​ ​ 149 Thereafter ​ 21,223 ​ ​ — Total minimum lease payments ​ 122,096 ​ ​ 3,459 Less amount representing interest ​ (13,094) ​ ​ (910) Lease liabilities $ 109,002 ​ $ 2,549
Schedule of future minimum lease payments under finance leases	Future minimum lease payments, under lease agreements as of December 31, 2023, are presented below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases 2024 $ 30,461 ​ $ 1,163 2025 ​ 24,454 ​ ​ 886 2026 ​ 19,363 ​ ​ 813 2027 ​ 15,288 ​ ​ 448 2028 ​ 11,307 ​ ​ 149 Thereafter ​ 21,223 ​ ​ — Total minimum lease payments ​ 122,096 ​ ​ 3,459 Less amount representing interest ​ (13,094) ​ ​ (910) Lease liabilities $ 109,002 ​ $ 2,549 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes
Schedule of components of the provision for income tax provision (benefit)	The significant components of the income tax provision are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Current: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 19,681 ​ $ 24,951 ​ $ 103,396 State ​ ​ 4,455 ​ ​ 3,698 ​ ​ 21,657 ​ ​ 24,136 ​ ​ 28,649 ​ ​ 125,053 Deferred: ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal ​ $ 6,131 ​ $ 7,377 ​ $ (4,454) State ​ ​ 873 ​ ​ 807 ​ ​ (2,623) ​ ​ 7,004 ​ ​ 8,184 ​ ​ (7,077) ​ ​ $ 31,140 ​ $ 36,833 ​ $ 117,976
Schedule of reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory Federal income tax rate to income (loss) before income taxes	The income tax provision differs from the amount that would be computed by applying the statutory federal income tax rate to income before income taxes as a result of the following (in thousands). The applicable corporate federal income tax rates were 21% for all periods presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Computed tax at federal statutory rate ​ $ 31,315 ​ $ 32,787 ​ $ 105,855 ​ Tax effect of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nondeductible expenses ​ ​ 1,953 ​ 1,290 ​ ​ 1,195 ​ Compensation limitation ​ ​ 2,918 ​ 4,106 ​ ​ 2,862 ​ State income taxes ​ 1,466 ​ 3,559 ​ ​ 15,037 ​ Tax-exempt income, net ​ (2,390) ​ (1,620) ​ ​ (2,347) ​ Minority interest ​ (1,721) ​ (1,294) ​ ​ (2,436) ​ Other ​ ​ (2,401) ​ (1,995) ​ ​ (2,190) ​ ​ ​ $ 31,140 ​ $ 36,833 ​ $ 117,976 ​
Schedule of components of the tax effects of temporary differences that give rise to the net deferred tax asset	The components of the tax effects of temporary differences that give rise to the net deferred tax asset included in other assets within the consolidated balance sheets are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Deferred tax assets: ​ ​ ​ ​ ​ ​ ​ Net operating and built-in loss carryforward ​ $ 406 ​ $ 1,379 ​ Purchase accounting adjustment - loans ​ 4,751 ​ ​ 6,393 ​ Allowance for credit losses ​ 26,711 ​ ​ 23,610 ​ Compensation and benefits ​ 15,029 ​ ​ 19,055 ​ Legal and other reserves ​ 4,116 ​ ​ 6,515 ​ Net unrealized losses on securities and other investments ​ ​ 36,332 ​ ​ 40,116 ​ Operating lease liabilities ​ 25,811 ​ ​ 29,993 ​ Other ​ ​ 5,473 ​ ​ 5,311 ​ ​ ​ 118,629 ​ 132,372 ​ Deferred tax liabilities: ​ ​ ​ ​ ​ ​ ​ Premises and equipment ​ 14,143 ​ ​ 17,860 ​ Intangible assets ​ 1,946 ​ ​ 2,360 ​ Derivatives ​ 1,801 ​ ​ 393 ​ Loan servicing ​ 23,100 ​ ​ 24,098 ​ Operating lease ROU assets ​ 21,079 ​ ​ 24,347 ​ Deferred loan fees ​ 6,655 ​ ​ 4,227 ​ Other ​ 3,097 ​ ​ 1,036 ​ ​ ​ 71,821 ​ 74,321 ​ Net deferred tax asset ​ $ 46,808 ​ $ 58,051 ​
Schedule of changes in gross unrecognized tax benefits, which excludes interest and penalties	​ The aggregate changes in gross unrecognized tax benefits, which excludes interest and penalties, are as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year ​ $ 5,273 ​ $ 4,869 ​ $ 3,778 ​ Increases related to tax positions taken during a prior year ​ — ​ ​ — ​ ​ 603 ​ Decreases related to tax positions taken during a prior year ​ (1,719) ​ ​ (767) ​ ​ — ​ Increases related to tax positions taken during the current year ​ ​ 266 ​ ​ 2,077 ​ ​ 1,249 ​ Decreases related to expiration of the statute of limitations ​ ​ (936) ​ ​ (906) ​ ​ (761) ​ Balance, end of year ​ $ 2,884 ​ $ 5,273 ​ $ 4,869 ​

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies
Schedule of rollforward of claims activity for loans put-back to the mortgage origination segment	The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Representation and Warranty Specific Claims ​ Activity - Origination Loan Balance ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 31,244 ​ $ 31,407 ​ $ 30,085 ​ Claims made 54,507 ​ 56,579 ​ 26,290 ​ Claims resolved with no payment (12,851) ​ (14,499) ​ (11,690) ​ Repurchases (40,875) ​ (42,243) ​ (11,934) ​ Indemnification payments (5,116) ​ — ​ (1,344) ​ Balance, end of year $ 26,909 ​ $ 31,244 ​ $ 31,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indemnification Liability Reserve Activity ​ Year Ended December 31, ​ 2023 2022 2021 Balance, beginning of year $ 20,528 ​ $ 27,424 ​ $ 21,531 ​ Additions for new sales 1,649 ​ 2,532 ​ 10,966 ​ Repurchases (9,875) ​ (7,941) ​ (3,559) ​ Early payment defaults (352) ​ (423) ​ (189) ​ Indemnification payments (259) ​ — ​ (366) ​ Change in reserves for loans sold in prior years — ​ (1,064) ​ (959) ​ Balance, end of year $ 11,691 ​ $ 20,528 ​ $ 27,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ Reserve for Indemnification Liability: ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific claims $ 951 ​ $ 627 ​ ​ ​ ​ Incurred but not reported claims 10,740 ​ ​ 19,901 ​ ​ ​ ​ Total $ 11,691 ​ $ 20,528 ​ ​ ​ ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about nonvested RSU activity for the periods presented (shares in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Outstanding Fair Value Balance, December 31, 2020 ​ 1,833 ​ $ 21.48 ​ Granted ​ 532 ​ $ 32.93 ​ Vested/Released ​ (475) ​ $ 27.63 ​ Forfeited ​ (21) ​ $ 23.29 Balance, December 31, 2021 ​ 1,869 ​ $ 23.16 ​ Granted ​ 551 ​ $ 33.22 ​ Vested/Released ​ (732) ​ $ 20.00 ​ Forfeited ​ (140) ​ $ 24.75 Balance, December 31, 2022 ​ 1,548 ​ $ 28.09 ​ Granted ​ 479 ​ $ 34.36 ​ Vested/Released ​ (751) ​ $ 21.93 ​ Forfeited ​ (24) ​ $ 32.30 Balance, December 31, 2023 ​ 1,252 ​ $ 34.10

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Matters
Schedule of 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	The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Including ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Conservation ​ To Be Well ​ ​ December 31, 2023 ​ December 31, 2022 ​ Buffer ​ Capitalized ​ Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ $ 1,407,660 10.55 % $ 1,405,164 10.26 % 4.0 % 5.0 % Hilltop ​ 1,974,918 12.23 % 1,900,701 11.47 % 4.0 % N/A ​ Common equity Tier 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ ​ 1,407,660 15.44 % ​ 1,405,164 14.98 % 7.0 % 6.5 % Hilltop ​ ​ 1,974,918 19.32 % ​ 1,900,701 18.23 % 7.0 % N/A ​ Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,407,660 15.44 % 1,405,164 14.98 % 8.5 % 8.0 % Hilltop ​ 1,974,918 19.32 % 1,900,701 18.23 % 8.5 % N/A ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PlainsCapital ​ 1,511,239 16.58 % 1,492,576 15.91 % 10.5 % 10.0 % Hilltop ​ 2,284,357 22.34 % 2,187,652 20.98 % 10.5 % N/A ​
Schedule of reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined)	A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ PlainsCapital Hilltop PlainsCapital Hilltop Total equity capital ​ $ 1,549,451 ​ $ 2,122,967 ​ $ 1,533,492 ​ $ 2,036,924 ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net unrealized holding losses (gains) on securities available for sale and held in trust ​ 120,348 ​ 121,505 ​ 133,531 ​ 133,531 ​ CECL transition adjustment ​ ​ 3,932 ​ ​ 4,396 ​ ​ 5,898 ​ ​ 6,594 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill and other disallowed intangible assets ​ ​ (266,071) ​ (273,950) ​ (267,757) ​ (276,348) ​ Common equity Tier 1 capital (as defined) ​ ​ 1,407,660 ​ 1,974,918 ​ 1,405,164 ​ ​ 1,900,701 ​ Add: Tier 1 capital ​ — ​ ​ — ​ ​ — ​ ​ — ​ Deduct: Additional Tier 1 capital deductions ​ — ​ — ​ — ​ — ​ Tier 1 capital (as defined) ​ 1,407,660 ​ 1,974,918 ​ 1,405,164 ​ 1,900,701 ​ Add: Allowable Tier 2 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses, including unfunded commitments ​ 113,965 ​ 120,289 ​ 102,991 ​ 103,226 ​ Capital instruments ​ ​ — ​ 200,000 ​ — ​ 200,000 ​ Deduct: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional Tier 2 capital deductions ​ ​ (10,386) ​ (10,850) ​ (15,579) ​ (16,275) ​ Total capital (as defined) ​ $ 1,511,239 ​ $ 2,284,357 ​ $ 1,492,576 ​ $ 2,187,652 ​
Schedule of net capital position	At December 31, 2023, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Momentum ​ ​ ​ Hilltop ​ Independent ​ ​ Securities Network Net capital ​ $ 281,119 ​ $ 4,214 ​ Less: required net capital ​ ​ 6,868 ​ ​ 258 ​ Excess net capital ​ $ 274,251 ​ $ 3,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net capital as a percentage of aggregate debit items ​ ​ 81.9 % ​ ​ ​ Net capital in excess of 5% aggregate debit items ​ $ 263,948 ​ ​ ​ ​

Other Noninterest Income and _2

Other Noninterest Income and Expense (Tables)	12 Months Ended
	Dec. 31, 2023
Other Noninterest Income and Expense
Schedule of components of other noninterest income and expense	The following table shows the components of other noninterest income and expense (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Other noninterest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gain from trading securities portfolio ​ $ 54,750 ​ $ 23,666 ​ $ 26,353 Net gains from Hilltop Broker-Dealer structured product and derivative activities ​ 42,284 ​ 37,407 ​ 48,816 Service charges on depositor accounts ​ 16,179 ​ 16,962 ​ ​ 18,081 Trust fees ​ ​ 13,361 ​ ​ 13,975 ​ ​ 10,998 Other ​ 29,508 ​ 21,947 ​ 23,786 ​ ​ $ 156,082 ​ $ 113,957 ​ $ 128,034 Other noninterest expense: ​ ​ ​ ​ ​ ​ ​ ​ ​ Software and information technology ​ $ 69,212 ​ $ 64,979 ​ $ 68,105 Brokerage commissions and fees ​ ​ 33,538 ​ ​ 27,597 ​ ​ 25,826 Mortgage origination and servicing ​ ​ 22,040 ​ ​ 25,311 ​ ​ 35,421 Business development ​ ​ 11,282 ​ ​ 12,550 ​ ​ 11,998 Travel, meals and entertainment ​ 11,113 ​ 9,959 ​ 7,646 Unreimbursed loan closing costs ​ 4,971 ​ 13,371 ​ 20,458 Office supplies ​ 3,241 ​ 3,319 ​ 3,469 Funding fees ​ 3,174 ​ 4,421 ​ 4,768 Amortization of intangible assets ​ 2,860 ​ 3,967 ​ 5,081 Other ​ ​ 50,142 ​ ​ 42,227 ​ ​ 42,519 ​ ​ $ 211,573 ​ $ 207,701 ​ $ 225,291 ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ 2021 Increase (decrease) in fair value of derivatives during year: ​ ​ ​ ​ ​ ​ ​ ​ ​ PrimeLending ​ $ (7,097) ​ $ (21,282) ​ $ (22,170) Hilltop Broker-Dealers ​ ​ (7,814) ​ ​ 16,405 ​ ​ (19,884) Bank ​ ​ 65 ​ ​ 46 ​ ​ 43
Schedule of derivative positions	​ Derivative positions are presented in the following table (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Notional Estimated Notional Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Derivative instruments (not designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ $ 383,767 ​ $ 7,734 ​ $ 506,278 ​ $ 1,767 Commitments to purchase MBSs ​ 1,470,142 ​ 15,666 ​ 819,681 ​ 2,435 Commitments to sell MBSs ​ ​ 2,222,225 ​ (17,870) ​ 2,188,964 ​ 10,711 Interest rate swaps ​ ​ 33,500 ​ (5,349) ​ 35,784 ​ (1,421) Interest rate swaps back-to-back (asset) (1) ​ ​ 1,421 ​ ​ 176 ​ ​ — ​ — Interest rate swaps back-to-back (liability) (1) ​ ​ 1,421 ​ ​ (191) ​ ​ — ​ — U.S. Treasury bond futures and options (2) ​ ​ 306,200 ​ 430 ​ 395,500 ​ (449) Interest rate and other futures (2) ​ ​ 224,800 ​ — ​ 2,612,000 ​ — Credit default swaps ​ ​ — ​ — ​ 3,000 ​ (2) Warrants ​ ​ 866 ​ 820 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative instruments (designated as hedges): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps designated as cash flow hedges ​ $ 410,000 ​ $ 14,277 ​ $ 430,000 ​ $ 21,703 Interest rate swaps designated as fair value hedges (3) ​ ​ 325,193 ​ ​ 34,799 ​ ​ 365,323 ​ ​ 42,828 (1) Noted derivative instruments include both customer-facing derivatives as well as offsetting derivatives facing other dealer banks. The fair value of these derivatives include a net credit valuation adjustment that was nominal at December 31, 2023, reducing the fair value of the liability. (2) Noted derivative instruments include contracts between the Hilltop Broker-Dealers and PrimeLending and their respective counterparties with changes in fair value of the contracts that are settled daily. (3) The Company designated $325.3 million and $365.3 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 $290.2 million and $322.5 million as of December 31, 2023 and 2022, 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 $35.0 million and $42.8 million as of December 31, 2023 and 2022, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	12 Months Ended
	Dec. 31, 2023
Balance Sheet Offsetting
Schedule of the assets 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 Assets ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Assets ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,406,937 ​ $ — ​ $ 1,406,937 ​ $ (1,332,856) ​ $ — ​ $ 74,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 49,253 ​ ​ — ​ ​ 49,253 ​ ​ — ​ ​ (49,253) ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 80,011 ​ ​ — ​ ​ 80,011 ​ ​ (80,011) ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 16,755 ​ — ​ 16,755 ​ (194) ​ — ​ 16,561 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury futures and options derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 430 ​ ​ — ​ ​ 430 ​ ​ — ​ ​ — ​ ​ 430 ​ ​ $ 1,553,386 ​ $ — ​ $ 1,553,386 ​ $ (1,413,061) ​ $ (49,253) ​ $ 91,072 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities borrowed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,012,573 ​ $ — ​ $ 1,012,573 ​ $ (964,517) ​ $ — ​ $ 48,056 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 64,729 ​ ​ — ​ ​ 64,729 ​ ​ — ​ ​ (64,630) ​ ​ 99 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reverse repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 118,070 ​ ​ — ​ ​ 118,070 ​ ​ (115,302) ​ ​ — ​ ​ 2,768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 16,694 ​ ​ (3,410) ​ ​ 13,284 ​ ​ (9,957) ​ ​ — ​ ​ 3,327 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Treasury futures and options derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 57 ​ ​ (506) ​ ​ (449) ​ ​ — ​ ​ — ​ ​ (449) ​ ​ $ 1,212,123 ​ $ (3,916) ​ $ 1,208,207 ​ $ (1,089,776) ​ $ (64,630) ​ $ 53,801
Schedule of the liabilities subject to an enforceable master netting arrangement or repurchase agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts Not Offset in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Amounts ​ the Balance Sheet ​ ​ ​ ​ Gross Amounts Gross Amounts of Liabilities ​ Cash ​ ​ ​ of Recognized ​ Offset in the ​ Presented in the ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Balance Sheet ​ Balance Sheet ​ Instruments ​ Pledged ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 1,371,896 ​ $ — ​ $ 1,371,896 ​ $ (1,296,828) ​ $ — ​ $ 75,068 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 5,349 ​ — ​ 5,349 ​ (5,349) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 239,103 ​ — ​ 239,103 ​ (239,103) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 18,958 ​ — ​ 18,958 ​ (194) ​ (10,515) ​ 8,249 ​ ​ $ 1,635,306 ​ $ — ​ $ 1,635,306 ​ $ (1,541,474) ​ $ (10,515) ​ $ 83,317 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities loaned: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ $ 916,570 ​ $ — ​ $ 916,570 ​ $ (871,037) ​ $ — ​ $ 45,533 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 1,619 ​ — ​ 1,619 ​ (1,438) ​ — ​ 181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit default swaps: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ ​ 2 ​ — ​ 2 ​ (2) ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 296,978 ​ — ​ 296,978 ​ (319,897) ​ — ​ (22,919) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward MBS derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Institutional counterparties ​ 138 ​ — ​ 138 ​ (138) ​ — ​ — ​ ​ $ 1,215,307 ​ $ — ​ $ 1,215,307 ​ $ (1,192,512) ​ $ — ​ $ 22,795
Schedule of contractual maturities of repurchase agreements and secured borrowing transactions	The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2023 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency securities ​ $ 8,389 ​ $ — ​ $ — ​ $ — ​ $ 8,389 Asset-backed securities ​ ​ 81,419 ​ ​ 149,295 ​ ​ — ​ ​ — ​ ​ 230,714 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 52 ​ ​ — ​ ​ — ​ ​ — ​ ​ 52 Equity securities ​ ​ 1,371,844 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,371,844 Total ​ $ 1,461,704 ​ $ 149,295 ​ $ — ​ $ — ​ $ 1,610,999 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,610,999 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturities ​ ​ Overnight and ​ ​ ​ ​ ​ Greater Than ​ ​ ​ December 31, 2022 ​ Continuous ​ Up to 30 Days ​ 30-90 Days ​ 90 Days ​ Total Repurchase agreement transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset-backed securities ​ $ 130,616 ​ $ 2,539 ​ $ 141,461 ​ $ 22,362 ​ $ 296,978 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities lending transactions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 113 ​ ​ — ​ ​ — ​ ​ — ​ ​ 113 Equity securities ​ ​ 916,457 ​ ​ — ​ ​ — ​ ​ — ​ ​ 916,457 Total ​ $ 1,047,186 ​ $ 2,539 ​ $ 141,461 ​ $ 22,362 ​ $ 1,213,548 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above ​ ​ ​ ​ $ 1,213,548 Amount related to agreements not included in offsetting disclosure above ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​

Broker-Dealer and Clearing Or_2

Broker-Dealer and Clearing Organization Receivables and Payables (Tables)	12 Months Ended
	Dec. 31, 2023
Broker-Dealer and Clearing Organization Receivables and Payables
Schedule of broker-dealer and clearing organization receivables and payables	Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 Receivables: ​ ​ ​ ​ ​ ​ Securities borrowed ​ $ 1,406,937 ​ $ 1,012,573 Securities failed to deliver ​ 28,120 ​ 11,350 Trades in process of settlement ​ 123,722 ​ 3,476 Other ​ 15,152 ​ 10,656 ​ ​ $ 1,573,931 ​ $ 1,038,055 Payables: ​ ​ ​ ​ ​ ​ Securities loaned ​ $ 1,371,896 ​ $ 916,570 Correspondents ​ 33,286 ​ 22,760 Securities failed to receive ​ 18,135 ​ 20,167 Other ​ 7,417 ​ 6,973 ​ ​ $ 1,430,734 ​ $ 966,470 ​

Segment and Related Informati_2

Segment and Related Information (Tables)	12 Months Ended
	Dec. 31, 2023
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 Year Ended December 31, 2023 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 397,936 ​ $ 52,894 ​ $ (20,305) ​ $ (12,961) ​ $ 49,283 ​ $ 466,847 Provision for (reversal of) credit losses ​ ​ 18,525 ​ ​ (133) ​ ​ — ​ ​ — ​ ​ — ​ ​ 18,392 Noninterest income ​ ​ 45,830 ​ ​ 403,538 ​ ​ 316,840 ​ ​ 12,887 ​ ​ (50,122) ​ ​ 728,973 Noninterest expense ​ 226,234 ​ 383,024 ​ 359,285 ​ 60,631 ​ (865) ​ 1,028,309 Income (loss) before taxes ​ $ 199,007 ​ $ 73,541 ​ $ (62,750) ​ $ (60,705) ​ $ 26 ​ $ 149,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ ​ All Other and Hilltop Year Ended December 31, 2022 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 413,603 ​ $ 51,597 ​ $ (10,529) ​ $ (13,135) ​ $ 17,439 ​ $ 458,975 Provision for (reversal of) credit losses ​ 8,250 ​ ​ 59 ​ ​ — ​ ​ — ​ ​ — ​ 8,309 Noninterest income ​ 49,307 ​ ​ 341,943 ​ ​ 452,915 ​ ​ 7,525 ​ ​ (19,230) ​ 832,460 Noninterest expense ​ 235,190 ​ 355,713 ​ 478,904 ​ ​ 59,030 ​ ​ (1,838) ​ 1,126,999 Income (loss) before taxes ​ $ 219,470 ​ $ 37,768 ​ $ (36,518) ​ $ (64,640) ​ $ 47 ​ $ 156,127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop Year Ended December 31, 2021 ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated Net interest income (expense) ​ $ 406,524 ​ $ 43,296 ​ $ (20,400) ​ $ (17,239) ​ $ 10,801 ​ $ 422,982 Provision for (reversal of) credit losses ​ (58,175) ​ ​ (38) ​ ​ — ​ ​ — ​ ​ — ​ (58,213) Noninterest income ​ 45,113 ​ ​ 381,125 ​ ​ 986,990 ​ ​ 9,133 ​ ​ (12,086) ​ 1,410,275 Noninterest expense ​ 226,915 ​ 380,798 ​ 731,056 ​ ​ 50,507 ​ ​ (1,878) ​ 1,387,398 Income (loss) before taxes ​ $ 282,897 ​ $ 43,661 ​ $ 235,534 ​ $ (58,613) ​ $ 593 ​ $ 504,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage ​ All Other and Hilltop ​ ​ Banking ​ Broker-Dealer ​ Origination ​ Corporate ​ Eliminations ​ Consolidated December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,288,627 ​ $ 2,929,296 ​ $ 1,181,316 ​ $ 2,543,057 ​ $ (3,475,300) ​ $ 16,466,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 247,368 ​ $ 7,008 ​ $ 13,071 ​ $ — ​ $ — ​ $ 267,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 13,420,110 ​ $ 2,672,709 ​ $ 1,249,284 ​ $ 2,465,513 ​ $ (3,548,334) ​ $ 16,259,282 ​

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per Common Share
Schedule of the computation of basic and diluted earnings per common share	The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ ​ $ 109,646 ​ $ 113,134 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 65,043 ​ 70,434 ​ 80,708 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common share: ​ ​ $ 1.69 ​ $ 1.61 ​ $ 4.64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income attributable to Hilltop ​ ​ $ 109,646 ​ $ 113,134 ​ $ 374,495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 65,043 ​ 70,434 ​ 80,708 Effect of potentially dilutive securities ​ ​ 2 ​ 192 ​ 465 Weighted average shares outstanding - diluted ​ ​ 65,045 ​ 70,626 ​ 81,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings per common share: ​ ​ $ 1.69 ​ $ 1.60 ​ $ 4.61 ​

Financial Statements of Parent

Financial Statements of Parent (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Statements of Parent
Schedule of Condensed Combined Statements of Operations and Comprehensive Income (Loss)	The following tables present the condensed combined financial statements of the Company’s bank holding company entities, Hilltop and PCC. The tables also include the corporate activities associated with Hilltop Opportunity Partners LLC and the Hilltop Plaza Entities (in thousands). Investments in subsidiaries are determined using the equity method of accounting. ​ Condensed Combined Statements of Operations and Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2023 2022 2021 Dividends from bank subsidiaries ​ $ 105,000 ​ $ 205,000 ​ $ 295,000 ​ Dividends from nonbank subsidiaries ​ ​ 28,821 ​ ​ 10,732 ​ ​ 81,675 ​ Investment income ​ ​ 7,098 ​ ​ 6,914 ​ ​ 4,322 ​ Interest expense ​ ​ 20,059 ​ ​ 20,049 ​ ​ 21,561 ​ Other income ​ ​ 12,887 ​ ​ 7,525 ​ ​ 9,070 ​ General and administrative expense ​ 60,631 ​ 59,030 ​ 50,507 ​ Income before income taxes and equity in undistributed earnings of subsidiaries activity ​ 73,116 ​ ​ 151,092 ​ 317,999 ​ Income tax benefit ​ (8,596) ​ (13,124) ​ (14,065) ​ Equity in undistributed earnings of subsidiaries ​ 36,267 ​ (44,922) ​ 54,032 ​ Net income ​ $ 117,979 ​ $ 119,294 ​ $ 386,096 ​ Other comprehensive income (loss), net ​ ​ 12,026 ​ ​ (123,312) ​ ​ (27,982) ​ Comprehensive income (loss) ​ $ 130,005 ​ $ (4,018) ​ $ 358,114 ​
Schedule of Condensed Combined Balance Sheets	Condensed Combined Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 2021 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 245,696 ​ $ 205,887 ​ $ 531,260 Available for sale securities ​ ​ 24,418 ​ ​ — ​ ​ — Loans held for investment, net of unearned income ​ 10,858 ​ 9,181 ​ — Investment in subsidiaries: ​ ​ ​ ​ ​ ​ ​ ​ Bank subsidiaries ​ ​ 1,549,450 ​ 1,533,491 ​ 1,721,780 Nonbank subsidiaries ​ ​ 457,675 ​ 427,516 ​ 409,835 Other assets ​ 254,960 ​ 289,438 ​ 277,795 Total assets ​ $ 2,543,057 ​ $ 2,465,513 ​ $ 2,940,670 Liabilities and Stockholders’ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable and accrued expenses ​ $ 26,658 ​ $ 34,569 ​ $ 25,762 Notes payable ​ 367,861 ​ 370,823 ​ 369,618 Stockholders’ equity ​ 2,148,538 ​ 2,060,121 ​ 2,545,290 Total liabilities and stockholders’ equity ​ $ 2,543,057 ​ $ 2,465,513 ​ $ 2,940,670
Schedule of Condensed Combined Statements of Cash Flows	Condensed Combined Statements of Cash Flows ​

Selected Quarterly Financial _2

Selected Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2023
Selected Quarterly Financial Information (Unaudited)
Schedule of quarterly financial information	Selected quarterly financial information is summarized as follows (in thousands, except per share data). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 216,767 ​ $ 216,755 ​ $ 213,426 ​ $ 191,427 ​ $ 838,375 Interest expense ​ 105,541 ​ 101,105 ​ 95,160 ​ 69,722 ​ 371,528 Net interest income ​ 111,226 ​ 115,650 ​ 118,266 ​ 121,705 ​ 466,847 Provision for (reversal of) credit losses ​ 1,265 ​ (40) ​ 14,836 ​ 2,331 ​ 18,392 Noninterest income ​ 178,978 ​ 196,849 ​ 190,652 ​ 162,494 ​ 728,973 Noninterest expense ​ 250,845 ​ 260,017 ​ 266,977 ​ 250,470 ​ 1,028,309 Income before income taxes ​ 38,094 ​ 52,522 ​ 27,105 ​ 31,398 ​ 149,119 Income tax expense ​ 7,132 ​ 13,211 ​ 7,167 ​ 3,630 ​ 31,140 Net income ​ 30,962 ​ 39,311 ​ 19,938 ​ 27,768 ​ 117,979 Less: Net income attributable to noncontrolling interest ​ 2,291 ​ 2,269 ​ 1,805 ​ 1,968 ​ 8,333 Income attributable to Hilltop ​ $ 28,671 ​ $ 37,042 ​ $ 18,133 ​ $ 25,800 ​ $ 109,646 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ $ 0.44 ​ $ 0.57 ​ $ 0.28 ​ $ 0.40 ​ $ 1.69 Diluted: ​ $ 0.44 ​ $ 0.57 ​ $ 0.28 ​ $ 0.40 ​ $ 1.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.16 ​ $ 0.16 ​ $ 0.16 ​ $ 0.16 ​ $ 0.64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ Fourth Third Second First Full ​ ​ Quarter ​ Quarter ​ Quarter ​ Quarter ​ Year Interest income ​ $ 179,974 ​ $ 156,472 ​ $ 135,133 ​ $ 119,537 ​ $ 591,116 Interest expense ​ 56,532 ​ 32,986 ​ 23,077 ​ 19,546 ​ 132,141 Net interest income ​ 123,442 ​ 123,486 ​ 112,056 ​ 99,991 ​ 458,975 Provision for (reversal of) credit losses ​ 3,638 ​ (780) ​ 5,336 ​ 115 ​ 8,309 Noninterest income ​ 169,784 ​ 206,975 ​ 239,273 ​ 216,428 ​ 832,460 Noninterest expense ​ 253,368 ​ 288,738 ​ 298,543 ​ 286,350 ​ 1,126,999 Income before income taxes ​ 36,220 ​ 42,503 ​ 47,450 ​ 29,954 ​ 156,127 Income tax expense ​ 9,642 ​ 9,249 ​ 12,127 ​ 5,815 ​ 36,833 Net income ​ 26,578 ​ 33,254 ​ 35,323 ​ 24,139 ​ 119,294 Less: Net income attributable to noncontrolling interest ​ 1,022 ​ 1,186 ​ 2,063 ​ 1,889 ​ 6,160 Income attributable to Hilltop ​ $ 25,556 ​ $ 32,068 ​ $ 33,260 ​ $ 22,250 ​ $ 113,134 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic: ​ $ 0.40 ​ $ 0.50 ​ $ 0.45 ​ $ 0.28 ​ $ 1.61 Diluted: ​ $ 0.39 ​ $ 0.50 ​ $ 0.45 ​ $ 0.28 ​ $ 1.60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash dividends declared per common share ​ $ 0.15 ​ $ 0.15 ​ $ 0.15 ​ $ 0.15 ​ $ 0.60 ​

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Nature of Operations and Basis of Presentation (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021 USD ($)	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Basis of Presentation
Number of primary business units | item		2
Redemption of junior subordinated debentures		$ 490,151	$ 863,284	$ 1,037,652
Appraisal on file period to determine if reserve is required on 1-4 family residential loans		2 years
Period delinquent consumer loans written off		90 days
Minimum
Basis of Presentation
Economic forecast variables period		1 year
Maximum
Basis of Presentation
Economic forecast variables period		4 years
PCC
Basis of Presentation
Ownership percentage		100%
Securities Holdings
Basis of Presentation
Membership 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%

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Loans (Details) - Single Family Residential Loans	12 Months Ended
	Dec. 31, 2023
Minimum
Loans Held for Sale
Loans held-for-sale, period reported on balance sheet	30 days
Maximum
Loans Held for Sale
Loans held-for-sale, period reported on balance sheet	45 days

Summary of Significant Accoun_5

Summary of Significant Accounting and Reporting Policies - Premises and Equipment (Details) - Property, Plant and Equipment	Dec. 31, 2023
Minimum
Premises and Equipment
Estimated useful lives	3 years
Maximum
Premises and Equipment
Estimated useful lives	25 years

Summary of Significant Accoun_6

Summary of Significant Accounting and Reporting Policies - Other Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	May 31, 2020 USD ($)	Jun. 22, 2015	Apr. 30, 2015 USD ($)	Apr. 09, 2015
Broker-Dealer
Debt Instrument
Number of primary lines of business | item	4
Banking
Debt Instrument
Number of primary lines of business | item	3
Interest Expense
Debt Instrument
Debt issuance costs amortized	$ 0.5	$ 0.5	$ 0.4
Senior Notes due April 2025
Debt Instrument
Interest rate (as a percent)					5%
Senior Notes due April 2025 | Private Placement
Debt Instrument
Capitalized debt issuance costs						$ 1.9
Interest rate (as a percent)							5%
Subordinated Debt
Debt Instrument
Capitalized debt issuance costs				$ 3.2

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair value measurements
Mortgage loans held for sale, fair value	$ 822.2	$ 855.7
Mortgage loans held for sale, unpaid principal balance	$ 802.3	$ 850.3
Maximum | Mortgage Loan Held For Sale
Fair value measurements
Loans held for sale period of time	30 days

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Trading securities	$ 515,991	$ 755,032
Available for sale securities	1,507,595	1,658,766
Equity securities	$ 321	$ 200
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets.	Other Assets.
MSR asset	$ 96,662	$ 100,825
Financial liabilities:
Securities sold, not yet purchased	$ 34,872	$ 53,023
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.	Other Liabilities.
Recurring
Financial assets:
Trading securities	$ 515,991	$ 755,032
Available for sale securities	1,507,595	1,658,766
Equity securities	321	200
Loans held for sale	822,194	855,697
Loans held for investment	10,858	9,181
Derivative assets	77,598	88,977
MSR asset	96,662	100,825
Equity investments	19,540
Financial liabilities:
Securities sold, not yet purchased	34,872	53,023
Derivative liabilities	27,106	11,405
Recurring | Level 1
Financial assets:
Trading securities	8,929	15,456
Equity securities	321	200
Financial liabilities:
Securities sold, not yet purchased	14,027	25,506
Recurring | Level 2
Financial assets:
Trading securities	507,062	739,576
Available for sale securities	1,483,177	1,658,766
Loans held for sale	784,158	814,990
Derivative assets	76,778	88,977
Financial liabilities:
Securities sold, not yet purchased	20,845	27,517
Derivative liabilities	27,106	11,405
Recurring | Level 3
Financial assets:
Available for sale securities	24,418
Loans held for sale	38,036	40,707
Loans held for investment	10,858	9,181
Derivative assets	820
MSR asset	96,662	$ 100,825
Equity investments	$ 19,540

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	$ 150,713	$ 134,706	$ 215,558
Purchases/Additions	154,017	118,643	134,913
Sales/Reductions	(80,577)	(114,570)	(218,724)
Transfers to (from) Level 3	(1,008)	5,587	(4,139)
Total gains or losses (realized or unrealized):
Included in Net Income	$ (31,310)	$ 6,347	$ 7,098
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net
Included in other comprehensive income (Loss)	$ (1,501)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
Asset balance, End of Year	$ 190,334	$ 150,713	$ 134,706
Available for sale securities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Purchases/Additions	25,919
Total gains or losses (realized or unrealized):
Included in other comprehensive income (Loss)	(1,501)
Asset balance, End of Year	24,418
Loans held for sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	40,707	47,716	71,816
Purchases/Additions	80,417	52,058	56,480
Sales/Reductions	(61,522)	(48,900)	(76,166)
Transfers to (from) Level 3	(1,008)	5,587	(4,139)
Total gains or losses (realized or unrealized):
Included in Net Income	(20,558)	(15,754)	(275)
Asset balance, End of Year	38,036	40,707	47,716
Loans held for investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	9,181
Purchases/Additions		9,611
Sales/Reductions		(562)
Total gains or losses (realized or unrealized):
Included in Net Income	1,677	132
Asset balance, End of Year	10,858	9,181
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	100,825	86,990	143,742
Purchases/Additions	27,359	56,974	78,433
Sales/Reductions	(19,055)	(65,108)	(142,558)
Total gains or losses (realized or unrealized):
Included in Net Income	(12,467)	21,969	7,373
Asset balance, End of Year	96,662	$ 100,825	$ 86,990
Derivative assets
Rollforward for financial instruments measured at fair value using Level 3 inputs
Purchases/Additions	782
Total gains or losses (realized or unrealized):
Included in Net Income	38
Asset balance, End of Year	820
Equity investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Purchases/Additions	19,540
Total gains or losses (realized or unrealized):
Asset balance, End of Year	$ 19,540

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 96,662	$ 100,825
Equity Securities, FV-NI	321	200
Recurring
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	822,194	855,697
Derivative assets, Fair Value	77,598	88,977
Servicing Asset at Fair Value, Amount	96,662	100,825
Equity Securities, FV-NI	321	200
Level 3 | Recurring
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	38,036	40,707
Derivative assets, Fair Value	820
Servicing Asset at Fair Value, Amount	96,662	100,825
Level 3 | Recurring | Available for sale securities | Discount Rate
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 11,983
Debt Securities, Available-for-Sale, Valuation Technique [Extensible Enumeration]	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Debt Securities, Available-for-Sale, Measurement Input [Extensible Enumeration]	Discount Rate
Level 3 | Recurring | Available for sale securities | Discount Rate | Minimum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1425
Level 3 | Recurring | Available for sale securities | Discount Rate | Maximum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1550
Level 3 | Recurring | Available for sale securities | Recent Transaction
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 12,435
Debt Securities, Available-for-Sale, Valuation Technique [Extensible Enumeration]	hth:RecentTransactionMember
Debt Securities, Available-for-Sale, Measurement Input [Extensible Enumeration]	hth:RecentTransactionMember
Level 3 | Recurring | Loans held for sale
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	$ 38,036	$ 38,036
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
Level 3 | Recurring | Loans held for sale | Projected Price | Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.90	0.89
Level 3 | Recurring | Loans held for sale | Projected Price | Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.78	0.88
Level 3 | Recurring | 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
Level 3 | Recurring | Loans held for investment
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	$ 10,858	$ 10,858
Loans Held-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loans Held-for-sale, Measurement Input [Extensible List]	Discount Rate	Discount Rate
Level 3 | Recurring | Loans held for investment | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.1000	0.1188
Level 3 | Recurring | Derivative assets
Significant unobservable inputs used in the fair value measurements
Derivative assets, Fair Value	$ 820
Derivative Asset, Valuation Technique [Extensible Enumeration]	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Derivative Asset, Measurement Input [Extensible Enumeration]	Discount Rate
Level 3 | Recurring | Derivative assets | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Derivative Asset, Measurement Input	0.1500
Level 3 | Recurring | MSR asset
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 96,662	$ 96,662
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Level 3 | Recurring | MSR asset | Constant Prepayment Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input [Extensible List]	Constant Prepayment Rate	Constant Prepayment Rate
Level 3 | Recurring | MSR asset | Constant Prepayment Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.0865	0.0814
Level 3 | Recurring | MSR asset | Discount Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input [Extensible List]	Discount Rate	Discount Rate
Level 3 | Recurring | MSR asset | Discount Rate | Weighted average
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1167	0.1210
Level 3 | Recurring | Equity investment
Significant unobservable inputs used in the fair value measurements
Equity Securities, FV-NI	$ 19,540
Equity Securities, FV-NI, Valuation Technique [Extensible Enumeration]	hth:RecentTransactionMember
Equity Securities, FV-NI, Measurement Input [Extensible Enumeration]	hth:RecentTransactionMember

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Option
Net Gains (Losses)	$ 172,150	$ 302,384	$ 825,960
Other Noninterest Income	156,082	113,957	128,034
Transfers of assets from level 1 to level 2	0	0
Transfers of assets from level 2 to level 1	0	0
Transfers of liabilities from level 1 to level 2	0	0
Transfers of liabilities from level 2 to level 1	0	0
Loans held for sale
Fair Value Option
Net Gains (Losses)	14,426	(48,916)	(55,442)
Total Changes in Fair Value	14,426	(48,916)	(55,442)
Loans held for investment
Fair Value Option
Net Gains (Losses)	565	(660)
Total Changes in Fair Value	565	(660)
MSR asset
Fair Value Option
Net Gains (Losses)	(12,467)	21,969	7,373
Total Changes in Fair Value	$ (12,467)	$ 21,969	$ 7,373

Fair Value Measurements - OREO

Fair Value Measurements - OREO (Details) - Nonrecurring - Estimate of Fair Value - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value
Total losses of other real estate owned	$ 0.1	$ 0.1	$ 1.2
Level 2 | Other Assets
Fair Value
Other real estate owned	$ 5.1	$ 2.3

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Held to maturity securities	$ 731,858	$ 785,335
Loans held for investment, net	7,968,332	7,997,231
Broker-dealer and clearing organization receivables	1,573,931	1,038,055
Financial liabilities:
Broker-dealer and clearing organization payables	1,430,734	966,470
Carrying Amount
Financial assets:
Cash and cash equivalents	1,859,350	1,580,162
Assets segregated for regulatory purposes	57,395	67,737
Securities purchased under agreements to resell	80,011	118,070
Held to maturity securities	812,677	875,532
Loans held for sale	121,652	126,919
Loans held for investment, net	7,957,474	7,988,050
Broker-dealer and clearing organization receivables	1,573,931	1,038,055
Other assets	74,613	77,052
Financial liabilities:
Deposits	11,063,192	11,315,749
Broker-dealer and clearing organization payables	1,430,734	966,470
Short-term borrowings	900,038	970,056
Debt	347,145	346,654
Other liabilities	24,280	5,410
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	1,859,350	1,580,162
Assets segregated for regulatory purposes	57,395	67,737
Securities purchased under agreements to resell	80,011	118,070
Held to maturity securities	731,858	785,335
Loans held for sale	122,240	125,592
Loans held for investment, net	8,040,565	7,865,261
Broker-dealer and clearing organization receivables	1,573,931	1,038,055
Other assets	74,613	77,052
Financial liabilities:
Deposits	11,045,957	11,295,153
Broker-dealer and clearing organization payables	1,430,734	966,470
Short-term borrowings	900,038	970,056
Debt	319,505	350,104
Other liabilities	24,280	5,410
Estimate of Fair Value | Level 1
Financial assets:
Cash and cash equivalents	1,859,350	1,580,162
Assets segregated for regulatory purposes	57,395	67,737
Estimate of Fair Value | Level 2
Financial assets:
Securities purchased under agreements to resell	80,011	118,070
Held to maturity securities	731,858	785,335
Loans held for sale	99,358	82,684
Loans held for investment, net	344,172	431,223
Broker-dealer and clearing organization receivables	1,573,931	1,038,055
Other assets	74,613	75,386
Financial liabilities:
Deposits	11,045,957	11,295,153
Broker-dealer and clearing organization payables	1,430,734	966,470
Short-term borrowings	900,038	970,056
Debt	319,505	350,104
Other liabilities	24,280	5,410
Estimate of Fair Value | Level 3
Financial assets:
Loans held for sale	22,882	42,908
Loans held for investment, net	$ 7,696,393	7,434,038
Other assets		$ 1,666

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Adjustments to the carrying value of these investments
Balance, beginning of year	$ 27,264	$ 16,817
Additional investments	374	11,000
Upward adjustments	611	916
Impairments and downward adjustments	(5,056)	(1,469)
Other	(16,586)
Balance, end of year	6,607	27,264
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 59,200	$ 57,600

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of fair value of trading securities
Debt Securities, Trading	$ 515,991	$ 755,032
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	34,872	53,023
U.S. Treasury securities
Schedule of fair value of trading securities
Debt Securities, Trading	3,736	10,466
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	12,867	20,878
Residential mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	124,768	214,100
Collateralized mortgage obligations
Schedule of fair value of trading securities
Debt Securities, Trading	86,281	182,717
Other
Schedule of fair value of trading securities
Debt Securities, Trading	13,079
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	37,569	42,685
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	180,890	260,271
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	47,768	9,265
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 9,033	$ 14,650

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Available for sale
Amortized Cost		$ 1,621,747	$ 1,788,557
Unrealized Gains		1,183	460
Unrealized Losses		(115,335)	(130,251)
Available for sale securities		1,507,595	1,658,766
Held to maturity
Amortized Cost		812,677	875,532
Unrealized Gains		149	26
Unrealized Losses		(80,968)	(90,223)
Held to maturity, Fair Value		731,858	785,335
Equity Securities
Unrealized net gains from equity securities		300	100
Equity, at fair value		321	200
Net gains (losses) due to changes in the fair value of equity securities		100	(100)
Recognized net (loss) gain on equity securities			(100)
U.S. Treasury securities
Available for sale
Amortized Cost		4,985	19,655
Unrealized Gains			3
Unrealized Losses		(368)	(514)
Available for sale securities		4,617	19,144
Bonds
Available for sale
Amortized Cost		166,617	202,834
Unrealized Gains		360	323
Unrealized Losses		(811)	(900)
Available for sale securities		166,166	202,257
Residential mortgage-backed securities
Available for sale
Amortized Cost		389,160	455,121
Unrealized Gains		25	12
Unrealized Losses		(39,315)	(48,775)
Available for sale securities		349,870	406,358
Held to maturity
Amortized Cost		278,172	301,583
Unrealized Losses		(25,765)	(29,727)
Held to maturity, Fair Value		252,407	271,856
Commercial mortgage-backed securities
Available for sale
Amortized Cost		200,236	183,266
Unrealized Gains		468	65
Unrealized Losses		(8,958)	(7,832)
Available for sale securities		191,746	175,499
Held to maturity
Amortized Cost		172,879	180,942
Unrealized Losses		(12,670)	(14,935)
Held to maturity, Fair Value		160,209	166,007
Collateralized mortgage obligations
Available for sale
Amortized Cost		797,876	887,521
Unrealized Gains		291
Unrealized Losses		(61,686)	(68,627)
Available for sale securities		736,481	818,894
Held to maturity
Amortized Cost		284,208	314,705
Unrealized Losses		(37,189)	(38,343)
Held to maturity, Fair Value		247,019	276,362
Corporate debt securities
Available for sale
Amortized Cost		25,919
Unrealized Losses		(1,501)
Available for sale securities		24,418
States and political subdivisions
Available for sale
Amortized Cost		36,954	40,160
Unrealized Gains		39	57
Unrealized Losses		(2,696)	(3,603)
Available for sale securities		34,297	36,614
Held to maturity
Amortized Cost		77,418	78,302
Unrealized Gains		149	26
Unrealized Losses		(5,344)	(7,218)
Held to maturity, Fair Value		$ 72,223	$ 71,110
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	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	34	252
Unrealized loss for twelve months or longer | item	336	119
Total | item	370	371
Fair Value
Unrealized loss for less than twelve months	$ 80,456	$ 930,361
Unrealized loss for twelve months or longer	1,348,786	596,199
Total	1,429,242	1,526,560
Unrealized Loss
Unrealized loss for less than twelve months	2,579	44,415
Unrealized loss for twelve months or longer	112,756	85,836
Total	$ 115,335	$ 130,251
U.S. Treasury securities
Number of Securities
Unrealized loss for twelve months or longer | item	1	1
Total | item	1	1
Fair Value
Unrealized loss for twelve months or longer	$ 4,617	$ 4,465
Total	4,617	4,465
Unrealized Loss
Unrealized loss for twelve months or longer	368	514
Total	$ 368	$ 514
Bonds
Number of Securities
Unrealized loss for less than twelve months | item	4	15
Unrealized loss for twelve months or longer | item	20	3
Total | item	24	18
Fair Value
Unrealized loss for less than twelve months	$ 28,988	$ 98,246
Unrealized loss for twelve months or longer	112,502	15,263
Total	141,490	113,509
Unrealized Loss
Unrealized loss for less than twelve months	103	388
Unrealized loss for twelve months or longer	708	512
Total	$ 811	$ 900
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	14	95
Unrealized loss for twelve months or longer | item	109	30
Total | item	123	125
Fair Value
Unrealized loss for less than twelve months	$ 8,989	$ 168,351
Unrealized loss for twelve months or longer	338,769	236,739
Total	347,758	405,090
Unrealized Loss
Unrealized loss for less than twelve months	616	10,036
Unrealized loss for twelve months or longer	38,699	38,739
Total	$ 39,315	$ 48,775
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item	2	11
Unrealized loss for twelve months or longer | item	18	8
Total | item	20	19
Fair Value
Unrealized loss for less than twelve months	$ 10,413	$ 79,337
Unrealized loss for twelve months or longer	162,470	86,923
Total	172,883	166,260
Unrealized Loss
Unrealized loss for less than twelve months	282	2,047
Unrealized loss for twelve months or longer	8,676	5,785
Total	$ 8,958	$ 7,832
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months | item	2	97
Unrealized loss for twelve months or longer | item	138	48
Total | item	140	145
Fair Value
Unrealized loss for less than twelve months	$ 11,560	$ 563,872
Unrealized loss for twelve months or longer	709,571	244,917
Total	721,131	808,789
Unrealized Loss
Unrealized loss for less than twelve months	22	30,980
Unrealized loss for twelve months or longer	61,665	37,647
Total	$ 61,687	$ 68,627
Corporate debt securities
Number of Securities
Unrealized loss for less than twelve months | item	2
Total | item	2
Fair Value
Unrealized loss for less than twelve months	$ 13,483
Total	13,483
Unrealized Loss
Unrealized loss for less than twelve months	1,501
Total	$ 1,501
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	10	34
Unrealized loss for twelve months or longer | item	50	29
Total | item	60	63
Fair Value
Unrealized loss for less than twelve months	$ 7,023	$ 20,555
Unrealized loss for twelve months or longer	20,857	7,892
Total	27,880	28,447
Unrealized Loss
Unrealized loss for less than twelve months	55	964
Unrealized loss for twelve months or longer	2,640	2,639
Total	$ 2,695	$ 3,603

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Number of Securities
Unrealized loss for less than twelve months | item	39	212
Unrealized loss for twelve months or longer | item	257	97
Total | item	296	309
Fair Value
Unrealized loss for less than twelve months	$ 15,506	$ 315,556
Unrealized loss for twelve months or longer	730,607	466,222
Total	746,113	781,778
Unrealized Losses
Unrealized loss for less than twelve months	479	28,998
Unrealized loss for twelve months or longer	80,489	61,225
Total	$ 80,968	$ 90,223
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item		14
Unrealized loss for twelve months or longer | item	44	31
Total | item	44	45
Fair Value
Unrealized loss for less than twelve months		$ 59,089
Unrealized loss for twelve months or longer	$ 278,172	212,768
Total	278,172	271,857
Unrealized Losses
Unrealized loss for less than twelve months		5,928
Unrealized loss for twelve months or longer	25,765	23,799
Total	$ 25,765	$ 29,727
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months | item		30
Unrealized loss for twelve months or longer | item	31	1
Total | item	31	31
Fair Value
Unrealized loss for less than twelve months		$ 163,172
Unrealized loss for twelve months or longer	$ 160,208	2,834
Total	160,208	166,006
Unrealized Losses
Unrealized loss for less than twelve months		14,483
Unrealized loss for twelve months or longer	12,670	452
Total	$ 12,670	$ 14,935
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months | item		18
Unrealized loss for twelve months or longer | item	54	38
Total | item	54	56
Fair Value
Unrealized loss for less than twelve months		$ 33,836
Unrealized loss for twelve months or longer	$ 247,019	242,527
Total	247,019	276,363
Unrealized Losses
Unrealized loss for less than twelve months		3,225
Unrealized loss for twelve months or longer	37,189	35,118
Total	$ 37,189	$ 38,343
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months | item	39	150
Unrealized loss for twelve months or longer | item	128	27
Total | item	167	177
Fair Value
Unrealized loss for less than twelve months	$ 15,506	$ 59,459
Unrealized loss for twelve months or longer	45,208	8,093
Total	60,714	67,552
Unrealized Losses
Unrealized loss for less than twelve months	479	5,362
Unrealized loss for twelve months or longer	4,865	1,856
Total	$ 5,344	$ 7,218

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 31,654
Due after one year through five years	83,137
Due after five years through ten years	56,712
Due after ten years	62,972
Total	234,475
Amortized Cost	1,621,747	$ 1,788,557
AFS, Fair Value, Rolling Maturity
Due in one year or less	31,518
Due after one year through five years	81,199
Due after five years through ten years	56,272
Due after ten years	60,509
Total	229,498
Fair Value	1,507,595	1,658,766
Residential mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	389,160
Amortized Cost	389,160	455,121
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	349,870
Fair Value	349,870	406,358
Commercial mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	200,236
Amortized Cost	200,236	183,266
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	191,746
Fair Value	191,746	175,499
Collateralized mortgage obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	797,876
Amortized Cost	797,876	887,521
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	736,481
Fair Value	$ 736,481	$ 818,894

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 310
Due after one year through five years	2,729
Due after five years through ten years	37,034
Due after ten years	37,345
Total	77,418
Amortized Cost	812,677	$ 875,532
HTM, Fair Value, Rolling Maturities
Due in one year or less	310
Due after one year through five years	2,613
Due after five years through ten years	35,153
Due after ten years	34,147
Total	72,223
Fair Value	731,858	785,335
Residential mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	278,172
Amortized Cost	278,172	301,583
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	252,407
Fair Value	252,407	271,856
Commercial mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	172,879
Amortized Cost	172,879	180,942
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	160,209
Fair Value	160,209	166,007
Collateralized mortgage obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	284,208
Amortized Cost	284,208	314,705
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	247,019
Fair Value	$ 247,019	$ 276,362

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Securities
Realized net gains (losses) from trading securities portfolio	$ 54.7	$ 23.7	$ 26.4
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
Securities
Carrying amount of securities pledged	$ 537.2	$ 778.6
Fair value of securities pledged	503.1	717.6
Hilltop Broker-Dealers
Securities
Realized net gains (losses) from trading securities portfolio	$ 50.1	$ 21	$ 68.7

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans
Loans	$ 8,079,745	$ 8,092,673
Allowance for loan losses	(111,413)	(95,442)	$ (91,352)	$ (149,044)
Loans held for investment, net	7,968,332	7,997,231
Commercial real estate | Non-owner occupied
Loans
Loans	1,889,882	1,870,552
Commercial real estate | Owner occupied
Loans
Loans	1,422,234	1,375,321
Commercial and industrial
Loans
Loans	1,607,833	1,639,980
Allowance for loan losses	(20,926)	(16,035)	(21,982)	(27,703)
Construction and land development
Loans
Loans	1,031,095	980,896
Allowance for loan losses	(12,102)	(6,051)	(4,674)	(6,677)
1 - 4 family residential
Loans
Loans	1,757,178	1,767,099
Allowance for loan losses	(9,461)	(9,313)	(4,589)	(3,946)
Consumer
Loans
Loans	27,351	27,602
Allowance for loan losses	(648)	(554)	(578)	(876)
Broker-dealer
Loans
Loans	344,172	431,223
Allowance for loan losses	$ (101)	$ (234)	$ (175)	$ (213)

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 8,079,745	$ 8,092,673
Accruing Loans Past Due 90 Days or More		51
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	25,716	15,788
Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,732	3,742
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10,254	10,314
Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	40,702	29,844
Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,039,043	8,062,829
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	115,100	92,000
Unpaid principal balance loans past due 90 days or more	115,700	92,400
Commercial real estate | Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,889,882	1,870,552
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	6,125	567
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	799	235
Commercial real estate | Non-owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,924	802
Commercial real estate | Non-owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,882,958	1,869,750
Commercial real estate | Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,422,234	1,375,321
Commercial real estate | Owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,823	1,037
Commercial real estate | Owner occupied | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	386	2,880
Commercial real estate | Owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,897
Commercial real estate | Owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	11,106	3,917
Commercial real estate | Owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,411,128	1,371,404
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,607,833	1,639,980
Accruing Loans Past Due 90 Days or More		49
Commercial and industrial | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,348	609
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,496	82
Commercial and industrial | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,074	5,598
Commercial and industrial | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,918	6,289
Commercial and industrial | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,600,915	1,633,691
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,031,095	980,896
Construction and land development | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	767	3,665
Construction and land development | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,554
Construction and land development | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	276
Construction and land development | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,597	3,665
Construction and land development | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,028,498	977,231
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,757,178	1,767,099
Accruing Loans Past Due 90 Days or More		1
1 - 4 family residential | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,625	9,733
1 - 4 family residential | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,292	773
1 - 4 family residential | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,203	4,467
1 - 4 family residential | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	13,120	14,973
1 - 4 family residential | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,744,058	1,752,126
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,351	27,602
Accruing Loans Past Due 90 Days or More		1
Consumer | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	28	177
Consumer | Financing Receivables, 60 to 89 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4	7
Consumer | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	5	14
Consumer | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	37	198
Consumer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,314	27,404
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	344,172	431,223
Broker-dealer | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 344,172	$ 431,223

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Non-accrual loans
Non-accrual Loans With Allowance	$ 44,839	$ 7,725
Non-accrual Loans With No Allowance	19,498	16,949
Non-accrual loans	64,337	24,674
Interest Income Recognized	4,666	5,587	$ 7,414
Increase (decrease) in non-accrual status loans	39,700
Commercial real estate | Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	33,728	688
Non-accrual Loans With No Allowance	2,712	562
Non-accrual loans	36,440	1,250
Interest Income Recognized	592	483	378
Increase (decrease) in non-accrual status loans	35,200
Increase in financing receivable non accrual status	33,300
Commercial real estate | Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	4,630	2,862
Non-accrual Loans With No Allowance	468	157
Non-accrual loans	5,098	3,019
Interest Income Recognized	$ 568	556	648
Number of loan relationships | loan	3
Increase (decrease) in non-accrual status loans	$ 2,100
Increase in financing receivable non accrual status	4,200
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	5,216	3,727
Non-accrual Loans With No Allowance	4,286	5,368
Non-accrual loans	9,502	9,095
Interest Income Recognized	1,840	1,099	2,585
Construction and land development
Non-accrual loans
Non-accrual Loans With Allowance	533	1
Non-accrual Loans With No Allowance	2,749
Non-accrual loans	3,282	1
Interest Income Recognized	$ 69	29	202
Number of loan relationships | loan	6
Increase (decrease) in non-accrual status loans	$ 3,300
Increase in financing receivable non accrual status	3,300
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	726	433
Non-accrual Loans With No Allowance	9,283	10,862
Non-accrual loans	10,009	11,295
Interest Income Recognized	1,597	3,420	3,721
Increase (decrease) in non-accrual status loans	(1,300)
1 - 4 family residential | Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	4,000	4,800
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	6	14
Non-accrual loans	$ 6	$ 14
Interest Income Recognized			$ (120)

Loans Held for Investment - Amo

Loans Held for Investment - Amortized cost basis of the loans held for investment modified for borrowers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
TDRs, Non-covered loans
Total amortized cost of financing receivable modified		$ 2,806	$ 713
Total Modifications as a percentage of portfolio segment	0.90%
Interest Rate
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 510
Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	66,785
Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 2,776
Commercial real estate | Non-owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	1.80%
Commercial real estate | Non-owner occupied | Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 33,680
Commercial real estate | Owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.20%
Commercial real estate | Owner occupied | Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 2,183	2,072	$ 713
Commercial and industrial
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	1.30%
Commercial and industrial | Interest Rate
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 510
Commercial and industrial | Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	17,921	$ 734
Commercial and industrial | Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 2,776
Construction and land development
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	1.30%
Construction and land development | Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 13,001

Loans Held for Investment - A_2

Loans Held for Investment - Aging of Modified Loans (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 380
Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	11
Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	391
Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	37,019
Commercial real estate | Non-owner occupied | Financing Receivables, 30 to 59 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	380
Commercial real estate | Non-owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	380
Commercial real estate | Non-owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	33,680
Commercial real estate | Owner occupied | Financing Receivables, Greater than 90 Days Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	11
Commercial real estate | Owner occupied | Financial Asset, Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	11
Commercial real estate | Owner occupied | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	11
Commercial and industrial | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,071
Construction and land development | Financial Asset, Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 257

Loans Held for Investment - Fin

Loans Held for Investment - Financial effects of the loans held for investment modified for borrowers (Details)	12 Months Ended
	Dec. 31, 2023
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)	0.50%
Weighted-Average Term Extension (in months)	22 months
Commercial real estate | Non-owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	26 months
Commercial real estate | Owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	35 months
Commercial and industrial
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)	0.50%
Weighted-Average Term Extension (in months)	10 months
Construction and land development
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	24 months

Loans Held for Investment - TDR

Loans Held for Investment - TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
TDRs, Non-covered loans
Number of TDRs granted | loan		3	1
TDR at extension		$ 3,616	$ 725
TDR modifications, end of period		$ 2,806	$ 713
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan	0	2	0
TDR with payment at least 30 days past due		$ 2,200
Prime Lending
TDRs, Non-covered loans
Repurchase under a forbearance agreement		$ 43,800
Term Extension
TDRs, Non-covered loans
TDR modifications, end of period	$ 66,785
Commercial real estate
TDRs, Non-covered loans
Number of TDRs granted in preceding twelve months for which payment was at least 30 days past due | loan		1
TDR with payment at least 30 days past due		$ 2,100
Commercial real estate | Non-owner occupied | Term Extension
TDRs, Non-covered loans
TDR modifications, end of period	33,680
Commercial real estate | Owner occupied | Term Extension
TDRs, Non-covered loans
Number of TDRs granted | loan		2	1
TDR at extension		$ 2,743	$ 725
TDR modifications, end of period	2,183	$ 2,072	$ 713
Commercial and industrial | Term Extension
TDRs, Non-covered loans
Number of TDRs granted | loan		1
TDR at extension		$ 873
TDR modifications, end of period	17,921	$ 734
Construction and land development | Term Extension
TDRs, Non-covered loans
TDR modifications, end of period	$ 13,001
1 - 4 family residential
TDRs, Non-covered loans
Number of TDRs granted | loan		1
TDR with payment at least 30 days past due		$ 100

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Internal risk grades of non-covered loans
2023	$ 1,463,752
2022	1,942,428
2021	1,913,780
2020	622,919
2019	321,273
2018 and Prior	486,697
Revolving	744,752
Loans Converted To Term Loans	72,276
Total loans with credit quality measures	7,567,877
Allowance for loan and lease losses write-offs	6,360	$ 7,515	$ 3,228
Total	8,079,745	8,092,673
Commercial real estate | Non-owner occupied
Internal risk grades of non-covered loans
Current period gross charge-offs, 2018 and prior	34
Allowance for loan and lease losses write-offs	34
Total	1,889,882	1,870,552
Commercial real estate | Non-owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2023	5,061
2022	31,277
2021	32,215
2020	17,723
2019	1,987
2018 and Prior	5,279
Revolving	(24)
Loans Converted To Term Loans	184
Total loans with credit quality measures	93,702
Commercial real estate | Non-owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2023	195,842
2022	255,185
2021	361,991
2020	102,838
2019	73,746
2018 and Prior	44,490
Revolving	35,471
Loans Converted To Term Loans	16,633
Total loans with credit quality measures	1,086,196
Commercial real estate | Non-owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2023	125,658
2022	185,144
2021	99,208
2020	87,498
2019	55,772
2018 and Prior	64,647
Revolving	10,380
Loans Converted To Term Loans	1,464
Total loans with credit quality measures	629,771
Commercial real estate | Non-owner occupied | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2021	2,580
Total loans with credit quality measures	2,580
Commercial real estate | Non-owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	6,366
2022	11,666
2021	13,988
2020	2,537
2019	5,943
2018 and Prior	693
Total loans with credit quality measures	41,193
Commercial real estate | Non-owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	33,680
2022	1,401
2019	799
2018 and Prior	560
Total loans with credit quality measures	36,440
Commercial real estate | Owner occupied
Internal risk grades of non-covered loans
Current period gross charge-offs, 2018 and prior	977
Allowance for loan and lease losses write-offs	977
Total	1,422,234	1,375,321
Commercial real estate | Owner occupied | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2023	52,893
2022	31,883
2021	112,234
2020	40,620
2019	17,401
2018 and Prior	44,061
Revolving	3,586
Loans Converted To Term Loans	13,929
Total loans with credit quality measures	316,607
Commercial real estate | Owner occupied | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2023	105,552
2022	167,168
2021	133,808
2020	68,022
2019	56,168
2018 and Prior	120,702
Revolving	16,914
Total loans with credit quality measures	668,334
Commercial real estate | Owner occupied | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2023	52,860
2022	95,474
2021	78,508
2020	82,518
2019	23,988
2018 and Prior	61,858
Revolving	4,880
Total loans with credit quality measures	400,086
Commercial real estate | Owner occupied | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	2,518
2022	2,746
2021	4,252
2020	6,718
2019	5,825
2018 and Prior	9,952
Revolving	98
Total loans with credit quality measures	32,109
Commercial real estate | Owner occupied | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	167
2022	3,974
2021	646
2019	230
2018 and Prior	81
Total loans with credit quality measures	5,098
Commercial and industrial
Internal risk grades of non-covered loans
Current period gross charge-offs, 2023	1,149
Current period gross charge-offs, 2022	3,041
Current period gross charge-offs,2021	87
Current period gross charge-offs, 2019	25
Current period gross charge-offs, 2018 and prior	586
Allowance for loan and lease losses write-offs	4,888	6,945	2,249
Total	1,607,833	1,639,980
Commercial and industrial | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2023	15,861
2022	21,921
2021	44,523
2020	13,927
2019	19,430
2018 and Prior	1,126
Revolving	24,540
Total loans with credit quality measures	141,328
Commercial and industrial | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2023	68,066
2022	82,604
2021	117,809
2020	22,801
2019	3,537
2018 and Prior	9,696
Revolving	316,492
Loans Converted To Term Loans	8,855
Total loans with credit quality measures	629,860
Commercial and industrial | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2023	120,945
2022	121,349
2021	39,160
2020	35,535
2019	5,287
2018 and Prior	6,676
Revolving	240,601
Loans Converted To Term Loans	1,807
Total loans with credit quality measures	571,360
Commercial and industrial | Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
Revolving	642
Total loans with credit quality measures	642
Commercial and industrial | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	5,396
2022	1,409
2021	2,494
2020	2,469
2019	3,221
2018 and Prior	151
Revolving	54,878
Loans Converted To Term Loans	17,427
Total loans with credit quality measures	87,445
Commercial and industrial | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	256
2022	287
2021	131
2020	3,146
2018 and Prior	933
Revolving	1,251
Loans Converted To Term Loans	3,498
Total loans with credit quality measures	9,502
Commercial and industrial | Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	156,838
Commercial and industrial | Loans Accounted At Fair Value
Internal risk grades of non-covered loans
Loans without credit quality measures	10,858
Construction and land development
Internal risk grades of non-covered loans
Current period gross charge-offs, 2018 and prior	1
Allowance for loan and lease losses write-offs	1
Total	1,031,095	980,896
Construction and land development | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2023	3,890
2018 and Prior	883
Total loans with credit quality measures	4,773
Construction and land development | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2023	22,122
2021	120
2020	51
Total loans with credit quality measures	22,293
Construction and land development | Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2023	4,572
2022	6,128
2021	12,090
2019	791
2018 and Prior	315
Total loans with credit quality measures	23,896
Construction and land development | Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2023	236,906
2022	163,975
2021	112,911
2020	37,943
2019	782
2018 and Prior	1,731
Revolving	23,118
Total loans with credit quality measures	577,366
Construction and land development | Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2023	173,051
2022	173,186
2021	5,869
2020	2,394
2019	2,342
2018 and Prior	192
Revolving	2,206
Loans Converted To Term Loans	6,072
Total loans with credit quality measures	365,312
Construction and land development | Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	27,198
2022	5,404
Loans Converted To Term Loans	1,571
Total loans with credit quality measures	34,173
Construction and land development | Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	276
2022	3,006
Total loans with credit quality measures	3,282
1 - 4 family residential
Internal risk grades of non-covered loans
Current period gross charge-offs, 2018 and prior	73
Allowance for loan and lease losses write-offs	73	138	312
Total	1,757,178	1,767,099
1 - 4 family residential | FICO Score, Less than 620
Internal risk grades of non-covered loans
2022	1,447
2021	510
2020	751
2019	210
2018 and Prior	23,350
Revolving	230
Total loans with credit quality measures	26,498
1 - 4 family residential | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2023	8,043
2022	16,787
2021	11,956
2020	6,016
2019	4,791
2018 and Prior	24,903
Revolving	1,224
Loans Converted To Term Loans	196
Total loans with credit quality measures	73,916
1 - 4 family residential | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2023	152,992
2022	536,095
2021	721,724
2020	87,037
2019	36,636
2018 and Prior	52,301
Revolving	2,912
Loans Converted To Term Loans	625
Total loans with credit quality measures	1,590,322
1 - 4 family residential | Substandard non-accrual
Internal risk grades of non-covered loans
2023	534
2018 and Prior	9,475
Total loans with credit quality measures	10,009
1 - 4 family residential | Other.
Internal risk grades of non-covered loans
2023	29,923
2022	16,747
2021	3,436
2020	1,375
2019	2,197
2018 and Prior	2,591
Revolving	164
Total loans with credit quality measures	56,433
Consumer
Internal risk grades of non-covered loans
Current period gross charge-offs, 2023	280
Current period gross charge-offs, 2022	72
Current period gross charge-offs,2021	9
Current period gross charge-offs, 2020	9
Current period gross charge-offs, 2019	2
Current period gross charge-offs, 2018 and prior	15
Allowance for loan and lease losses write-offs	387	432	$ 357
Total	27,351	27,602
Consumer | FICO Score, Less than 620
Internal risk grades of non-covered loans
2023	878
2022	468
2021	39
2020	82
2019	6
2018 and Prior	4
Revolving	369
Loans Converted To Term Loans	6
Total loans with credit quality measures	1,852
Consumer | FICO Score, 620 to 720
Internal risk grades of non-covered loans
2023	3,858
2022	1,259
2021	518
2020	276
2019	103
2018 and Prior	27
Revolving	1,933
Loans Converted To Term Loans	8
Total loans with credit quality measures	7,982
Consumer | FICO Score, Greater than 720
Internal risk grades of non-covered loans
2023	3,890
2022	2,815
2021	842
2020	361
2019	56
Revolving	2,720
Loans Converted To Term Loans	1
Total loans with credit quality measures	10,685
Consumer | Substandard non-accrual
Internal risk grades of non-covered loans
2018 and Prior	6
Total loans with credit quality measures	6
Consumer | Other.
Internal risk grades of non-covered loans
2023	4,498
2022	1,623
2021	218
2020	281
2019	25
2018 and Prior	14
Revolving	167
Total loans with credit quality measures	6,826
Broker-dealer
Internal risk grades of non-covered loans
Total	$ 344,172	$ 431,223

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses
Available for sale debt securities past due	$ 0
Available-for-sale allowance for credit loss	0
Provision (reversal) in allowance on individually evaluated loans	5,800	$ (1,700)	$ 100
Provision (reversal) in allowance on collectively evaluated loans	12,700	10,000	(58,300)
Net charge-offs	$ 2,400	$ 4,200
Net recoveries			$ 500
Percentage of federal funds interest rate increase scenario	3.50%
Minimum
Allowance for loan losses
Percentage of federal funds interest rate increase scenario	5.25%
Maximum
Allowance for loan losses
Percentage of federal funds interest rate increase scenario	5.50%

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				$ 95,442				$ 91,352	$ 95,442	$ 91,352	$ 149,044
Provision for (Reversal of) Credit Losses	$ 1,265	$ (40)	$ 14,836	2,331	$ 3,638	$ (780)	$ 5,336	115	18,392	8,309	(58,213)
Loans Charged Off									(6,360)	(7,515)	(3,228)
Recoveries on Charged Off Loans									3,939	3,296	3,749
Balance, End of Period	111,413				95,442				111,413	95,442	91,352
Non-owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				39,247				36,001	39,247	36,001	67,521
Provision for (Reversal of) Credit Losses									806	3,218	(31,536)
Loans Charged Off									(34)
Recoveries on Charged Off Loans									42	28	16
Balance, End of Period	40,061				39,247				40,061	39,247	36,001
Owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				24,008				23,353	24,008	23,353	42,108
Provision for (Reversal of) Credit Losses									5,042	555	(18,695)
Loans Charged Off									(977)		(310)
Recoveries on Charged Off Loans									41	100	250
Balance, End of Period	28,114				24,008				28,114	24,008	23,353
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				16,035				21,982	16,035	21,982	27,703
Provision for (Reversal of) Credit Losses									6,334	(1,748)	(6,128)
Loans Charged Off									(4,888)	(6,945)	(2,249)
Recoveries on Charged Off Loans									3,445	2,746	2,656
Balance, End of Period	20,926				16,035				20,926	16,035	21,982
Construction and land development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				6,051				4,674	6,051	4,674	6,677
Provision for (Reversal of) Credit Losses									6,052	1,377	(2,003)
Loans Charged Off									(1)
Balance, End of Period	12,102				6,051				12,102	6,051	4,674
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				9,313				4,589	9,313	4,589	3,946
Provision for (Reversal of) Credit Losses									86	4,729	409
Loans Charged Off									(73)	(138)	(312)
Recoveries on Charged Off Loans									135	133	546
Balance, End of Period	9,461				9,313				9,461	9,313	4,589
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				554				578	554	578	876
Provision for (Reversal of) Credit Losses									205	119	(222)
Loans Charged Off									(387)	(432)	(357)
Recoveries on Charged Off Loans									276	289	281
Balance, End of Period	648				554				648	554	578
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period				$ 234				$ 175	234	175	213
Provision for (Reversal of) Credit Losses									(133)	59	(38)
Balance, End of Period	$ 101				$ 234				$ 101	$ 234	$ 175

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 7,784	$ 5,880	$ 8,388
Other noninterest expense	1,092	1,904	(2,508)
Balance, end of period	$ 8,876	$ 7,784	$ 5,880

Cash and Due from Banks (Detail

Cash and Due from Banks (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and Due from Banks
Cash on hand	$ 34,835	$ 39,588
Clearings and collection items	73,563	162,817
Deposits at Federal Reserve Bank	1,618,966	1,334,482
Deposits at Federal Home Loan Bank	2,415	1,520
Deposits in FDIC-insured institutions	128,921	41,105
Cash and due from banks	1,858,700	1,579,512	$ 2,823,138
Interest-bearing deposits	$ 1,600,000	$ 1,300,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Premises and Equipment
Premises and equipment, gross	$ 408,108	$ 403,304
Less accumulated depreciation and amortization	(239,252)	(218,354)
Premises and equipment, net	168,856	184,950
Gross assets under finance leases	7,780	7,780
Accumulated amortization for assets under finance leases	6,537	5,948
Rental income	2,600	2,400	$ 1,700
Depreciation and amortization expense	23,300	26,800	$ 28,400
Land and Building
Premises and Equipment
Premises and equipment, gross	124,067	125,039
Furniture and Fixtures
Premises and Equipment
Premises and equipment, gross	$ 284,041	$ 278,265

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill and Other (Details) - USD ($) $ in Thousands	Aug. 01, 2018	Nov. 30, 2012	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Other Intangible Assets
Carrying amount of goodwill			$ 267,447	$ 267,447
Other intangible assets, net			8,457	11,317
Banking | Operating Segments
Goodwill and Other Intangible Assets
Carrying amount of goodwill			247,368	247,368
Mortgage Origination Segment | Operating Segments
Goodwill and Other Intangible Assets
Carrying amount of goodwill			13,071	13,071
Broker-Dealer | Operating Segments
Goodwill and Other Intangible Assets
Carrying amount of goodwill			$ 7,008	$ 7,008
PCC
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition		$ 227,800
BORO
Goodwill and Other Intangible Assets
Goodwill in connection with acquisition	$ 39,600

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 80,730	$ 80,730
Accumulated Amortization	(72,273)	(69,413)
Net Intangible Assets	8,457	11,317
Amortization expense related to intangible assets	2,860	3,967	$ 5,081
Core deposits
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	48,930	48,930
Accumulated Amortization	(48,297)	(46,801)
Net Intangible Assets	$ 633	$ 2,129
Core deposits | Minimum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	4 years	4 years
Core deposits | Maximum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	12 years	12 years
Trademarks and trade names
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 16,500	$ 16,500
Accumulated Amortization	(9,813)	(9,063)
Net Intangible Assets	$ 6,687	$ 7,437
Estimated Useful Life	20 years	20 years
Customer contracts and relationships
Carrying value of intangible assets subject to amortization
Gross Intangible Assets	$ 15,300	$ 15,300
Accumulated Amortization	(14,163)	(13,549)
Net Intangible Assets	$ 1,137	$ 1,751
Customer contracts and relationships | Minimum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	12 years	12 years
Customer contracts and relationships | Maximum
Carrying value of intangible assets subject to amortization
Estimated Useful Life	14 years	14 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Estimated aggregate future amortization expense for intangible assets
2024	$ 1,826
2025	1,028
2026	959
2027	889
2028	820
Thereafter	2,935
Net Intangible Assets	$ 8,457	$ 11,317

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in fair value of mortgage servicing rights
Balance, beginning of year	$ 100,825
Balance, end of year	96,662	$ 100,825
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	100,825	86,990	$ 143,742
Additions	27,359	56,974	78,433
Sales	(19,055)	(65,108)	(142,558)
Changes in fair value: Due to changes in model inputs or assumptions	(7,848)	31,292	30,525
Changes in fair value: Due to customer payoffs	(4,619)	(9,323)	(23,152)
Balance, end of year	96,662	100,825	86,990
Mortgage loans serviced for others	$ 5,227,404	$ 5,144,558
MSR asset as a percentage of serviced mortgage loans	1.85%	1.96%
Mortgage servicing assets adjustment, fair value		$ (900)	$ 22,800
Key Assumptions
Weighted average constant prepayment rate (as a percent)	8.65%	8.14%
Weighted average discount rate (as a percent)	11.67%	12.10%
Weighted average life (in years)	8 years 2 months 12 days	8 years 4 months 24 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR asset - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (3,511)	$ (3,288)
Constant prepayment rate: Impact of 20% adverse change	(6,796)	(6,375)
Discount rate: Impact of 10% adverse change	(4,474)	(4,797)
Discount rate: Impact of 20% adverse change	(8,537)	(9,147)
Contractually specified servicing fees, late fees and ancillary fees	$ 31,900	$ 37,500	$ 57,700

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits
Noninterest-bearing demand	$ 3,007,101	$ 3,968,862
Interest-bearing:
Demand accounts	4,496,682	4,110,418
Brokered - demand	156,692	5,336
Money market	1,869,809	2,045,554
Brokered - money market	8,828	9,031
Savings	259,745	312,140
Time	1,221,935	864,408
Brokered - time	42,400
Total deposits	11,063,192	$ 11,315,749
Time deposits that meet or exceed FDIC insurance limit	543,300
Scheduled maturities of interest-bearing time deposits
2024	1,164,041
2025	40,362
2026	7,624
2027	6,431
2028 and thereafter	45,877
Time deposits	$ 1,264,335

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Short-term borrowings
Short-term borrowings	$ 900,038	$ 970,056
Federal funds purchased
Short-term borrowings
Short-term borrowings	459,658	397,108
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	240,050	297,856
Federal Home Loan Bank
Short-term borrowings
Average balance during the period	$ 135,274
Average interest rate during the period	5.10%
Maximum month-end balance during the year	$ 500,000
Amount of available collateral	$ 4,300,000
Federal Home Loan Bank | Maximum
Short-term borrowings
Maturity term of debt	365 days
Short-term bank loans
Short-term borrowings
Short-term borrowings	$ 0	$ 57,500
Short-term bank loans | Hilltop Broker-Dealers
Short-term borrowings
Weighted average interest rate on short-term bank loan borrowings (as a percent)		5.50%
Commercial paper
Short-term borrowings
Short-term borrowings	$ 200,330	$ 217,592
Number of commercial paper programs initiated | item	2
Weighted average interest rate on short-term bank loan borrowings (as a percent)	6.32%
Weighted average remaining life	67 days
Debt instrument, collateral	$ 222,600
Commercial paper | Minimum
Short-term borrowings
Maturity term of debt	14 days
Commercial paper | Maximum
Short-term borrowings
Maturity term of debt	270 days
Commercial paper | Weighted average
Short-term borrowings
Maturity term of debt	138 days
Series 2019-1 CP Notes
Short-term borrowings
Maximum borrowing capacity	$ 300,000
Series 2019-2 CP Notes
Short-term borrowings
Maximum borrowing capacity	200,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the period	$ 804,515	$ 573,183	$ 363,964
Average interest rate during the period	5.53%	2.19%	0.34%
Maximum month-end balance during the year	$ 1,341,502	$ 741,499	$ 427,553
Average interest rate at end of period (as a percent)	5.60%	4.37%
Securities underlying the agreements at end of period: Carrying value	$ 239,103	$ 296,075
Securities underlying the agreements at end of period: Estimated fair value	$ 262,408	$ 318,409
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				12 Months Ended
	May 07, 2020	Jun. 22, 2015	Apr. 09, 2015	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument
Notes payable				$ 347,145	$ 346,654
Series B Preferred Stock
Debt Instrument
Aggregate liquidation value			$ 114,100
Unpaid dividend			400
Senior Notes due April 2025
Debt Instrument
Notes payable				149,498	149,301
Unamortized discount				502	699
Period before maturity for redemption of Senior Notes		3 months
Interest rate (as a percent)		5%
Percentage of redemption price		100%
Senior Notes due April 2025 | Private Placement
Debt Instrument
Aggregate principal amount			$ 150,000
Interest rate (as a percent)			5%
Net proceeds from the offering, after deducting estimated fee and expenses and the initial purchaser' discounts			$ 148,000
Subordinated Debt
Debt Instrument
Percentage of principal amount representing price to public	100%
Underwriting discounts, fees and expenses	$ 3,400
Net proceeds from the offering, after deducting estimated fee and expenses and the initial purchaser' discounts	$ 196,600
Percentage of redemption price	100%
Subordinated Notes due May 2030
Debt Instrument
Notes payable				49,489	49,390
Unamortized discount				511	610
Aggregate principal amount	$ 50,000
Interest rate (as a percent)	5.75%
Subordinated Notes due May 2030 | Three-month term SOFR
Debt Instrument
Margin on interest rate (as a percent)	5.68%
Subordinated Notes Due May 2035
Debt Instrument
Notes payable				148,158	147,963
Unamortized discount				$ 1,842	$ 2,037
Aggregate principal amount	$ 150,000
Interest rate (as a percent)	6.125%
Subordinated Notes Due May 2035 | Three-month term SOFR
Debt Instrument
Margin on interest rate (as a percent)	5.80%
Ventures Management lines of credit
Debt Instrument
Weighted average interest rate				8.50%
Maximum borrowing capacity				$ 65,000
Outstanding borrowing				$ 31,200
Ventures Management lines of credit | Maximum
Debt Instrument
Interest rate (as a percent)				5.25%
Ventures Management lines of credit | Wall Street Journal Prime Rate
Debt Instrument
Margin on interest rate (as a percent)				0.25%

Notes Payable - Scheduled Matur

Notes Payable - Scheduled Maturities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Scheduled maturities
2025	$ 150,000
Thereafter	200,000
Total Notes Payable	$ 350,000

Lease - Narrative (Details)

Lease - Narrative (Details)	12 Months Ended
	Dec. 31, 2023
Leases
Option to extend period - Operating	10 years
Option to extend period - Finance	10 years
Option to extend - Operating	true
Option to extend - Finance	true
Option to terminate period - Operating	1 year
Option to terminate period - Finance	1 year
Option to terminate - Operating	true
Option to terminate - Finance	true

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(6,537)	(5,948)
Premises and equipment, net	$ 1,243	$ 1,832

Leases - Components of lease co

Leases - Components of lease costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Components of operating lease costs
Operating lease cost	$ 34,606	$ 36,950	$ 38,862
Less operating lease and sublease income	(2,585)	(2,380)	(1,719)
Net operating lease cost	32,021	34,570	37,143
Amortization of ROU assets	590	590	590
Interest on lease liabilities	424	478	522
Total finance lease cost	$ 1,014	$ 1,068	$ 1,112

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases
Operating cash flows from operating leases	$ 36,629	$ 29,216	$ 37,239
Operating cash flows from finance leases	427	482	522
Financing cash flows from finance leases	852	759	689
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 13,506	$ 24,078	$ 41,615

Leases - Lease terms and discou

Leases - Lease terms and discount rates (Details)	Dec. 31, 2023	Dec. 31, 2022
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 3 months 18 days	5 years 8 months 12 days
Finance - Weighted Average Remaining Lease Term (Years)	3 years 3 months 18 days	4 years
Operating - Weighted Average Discount Rate	4.59%	3.89%
Finance - Weighted Average Discount Rate	4.98%	4.89%

Leases- Lease maturities (Detai

Leases- Lease maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating leases maturities
2024	$ 30,461
2025	24,454
2026	19,363
2027	15,288
2028	11,307
Thereafter	21,223
Total minimum lease payments	122,096
Less amount representing interest	(13,094)
Lease liabilities	109,002	$ 126,759
Finance Leases maturities:
2024	1,163
2025	886
2026	813
2027	448
2028	149
Total minimum lease payments	3,459
Less amount representing interest	(910)
Lease liabilities	$ 2,549
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.

Leases - Operating leases that

Leases - Operating leases that have not yet commenced (Details) $ in Millions	Dec. 31, 2023 USD ($)
Leases
Additional operating leases that have not yet commenced	$ 3.1
Minimum
Leases
Expected to commence	2 years
Maximum
Leases
Expected to commence	4 years

Income Taxes - Provision (Detai

Income Taxes - Provision (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal									$ 19,681	$ 24,951	$ 103,396
State									4,455	3,698	21,657
Total									24,136	28,649	125,053
Deferred:
Federal									6,131	7,377	(4,454)
State									873	807	(2,623)
Total									7,004	8,184	(7,077)
Income tax provision (benefit)	$ 7,132	$ 13,211	$ 7,167	$ 3,630	$ 9,642	$ 9,249	$ 12,127	$ 5,815	$ 31,140	$ 36,833	$ 117,976
Statutory Federal income tax rate (as a percent)									21%	21%	21%
Reconciliation of the income tax provision (benefit) and the amount that would be computed by applying the statutory federal income tax rate to income (loss) before income taxes
Computed tax at federal statutory rate									$ 31,315	$ 32,787	$ 105,855
Tax effect of:
Nondeductible expenses									1,953	1,290	1,195
Compensation limitation									2,918	4,106	2,862
State income taxes									1,466	3,559	15,037
Tax-exempt income, net									(2,390)	(1,620)	(2,347)
Minority interest									(1,721)	(1,294)	(2,436)
Other									(2,401)	(1,995)	(2,190)
Income tax provision (benefit)	$ 7,132	$ 13,211	$ 7,167	$ 3,630	$ 9,642	$ 9,249	$ 12,127	$ 5,815	$ 31,140	$ 36,833	$ 117,976

Income Taxes - Deferred Taxes (

Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating and built-in-loss carryforward	$ 406	$ 1,379
Purchase accounting adjustment - loans	4,751	6,393
Allowance for credit losses	26,711	23,610
Compensation and benefits	15,029	19,055
Legal and other reserves	4,116	6,515
Net unrealized losses on securities and other investments	36,332	40,116
Operating lease liabilities	25,811	29,993
Other	5,473	5,311
Deferred tax assets	118,629	132,372
Deferred tax liabilities:
Premises and equipment	14,143	17,860
Intangible assets	1,946	2,360
Derivatives	1,801	393
Loan servicing	23,100	24,098
Operating lease ROU assets	21,079	24,347
Deferred loan fees	6,655	4,227
Other	3,097	1,036
Deferred tax liabilities	71,821	74,321
Net deferred tax asset	$ 46,808	$ 58,051

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Effective income tax rate (as a percent)	20.90%	23.60%	23.40%
Net operating loss carryforwards	$ 0
Realized built-in-loss recognition period	5 years
Valuation allowance on deferred tax assets for net operating loss carryforwards	$ 0	$ 0

Income Taxes - Unrecognized tax

Income Taxes - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Uncertain tax positions
Unrecognized tax benefits if recognized would favorably impact the effective tax rate	$ 2,300	$ 4,200
Unrecognized Tax Benefits
Balance, beginning of year	5,273	4,869	$ 3,778
Increases related to tax positions taken during a prior year			603
Decreases related to tax positions taken during a prior year	(1,719)	(767)
Increases related to tax positions taken during the current year	266	2,077	1,249
Decreases related to expiration of the statute of limitations	(936)	(906)	(761)
Balance, end of year	$ 2,884	$ 5,273	$ 4,869

Employee Benefits (Details)

Employee Benefits (Details) $ in Millions			1 Months Ended	12 Months Ended
	Jan. 01, 2015	Nov. 30, 2012 item	Jul. 31, 2020	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2001 USD ($)
Employee Benefits
Matching contributions				$ 10.4	$ 15.9	$ 18.5
Operating expense relating to participated discount				0.6	0.8	0.8
Number of executive officers of PlainsCapital with retention agreements | item		2
Liability, including interest				2.7	2.6
Flexible premium universal life insurance
Amount of insurance purchased							$ 15
Carrying value of the policies				28.6	27.9
Income related to the policies				$ 0.5	$ 0.5	$ 0.5
ESPP
Employee Benefits
Percentage of shares to be purchased at fair market value			90%
SWS Plan
Employee Benefits
Deferred compensation plan, matching percentage	15%
Deferred compensation plan, vesting period	4 years

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions
Aggregate remaining lease obligation	$ 122,096,000
Diamond A Financial LP
Related Party Transactions
Ownership interest (as a percent)	24.30%
Plains Capital Bank
Related Party Transactions
Deposits of related parties held	$ 64,900,000	$ 233,100,000
Related Party | Diamond A Financial LP | Chief Executive Officer
Related Party Transactions
Ownership interest (as a percent)	49%
Related Party | Plains Capital Bank | Directors Executive Officers and Affiliates
Related Party Transactions
Loans to related parties	$ 500,000	500,000
Total principal additions to loans	0
Related Party | Plains Capital Bank | Related Party Company
Related Party Transactions
Loan Purchases		$ 100,000
Related Party | Plains Capital Bank | Lease Agreements | Lessor
Related Party Transactions
Future minimum payments due annually through 2028	600,000
Aggregate remaining lease obligation	$ 3,000,000

Related Party Transactions - Hi

Related Party Transactions - Hilltop Plaza Investment (Details) $ in Millions	1 Months Ended
	Jul. 31, 2018 USD ($) a tenant item
Hilltop Investments I, LLC
Related Party Transactions
Investment contribution	$ 19.3
Diamond Ground, LLC
Related Party Transactions
Investment contribution	$ 19.3
Hillcrest Land LLC
Related Party Transactions
Acres of land | a	1.7
Payments to acquire land	$ 38.5
Primary Beneficiary | item	0
Ground lease term	99 years
Number of tenants | tenant	3
Hillcrest Land LLC | Park Plaza
Related Party Transactions
Leasehold interest	50%
Hillcrest Land LLC | HTH Hillcrest Project LLC
Related Party Transactions
Leasehold interest	25%
Hillcrest Land LLC | Diamond Hillcrest
Related Party Transactions
Leasehold interest	25%
Hilltop Plaza | Hilltop
Related Party Transactions
Term of contract	129 months
Hilltop Plaza | Plains Capital Bank
Related Party Transactions
Term of contract	129 months
Hilltop Plaza | Park Plaza
Related Party Transactions
Ownership interest (as a percent)	50%
Hilltop Plaza | HTH Hillcrest Project LLC
Related Party Transactions
Ownership interest (as a percent)	25%
Hilltop Plaza | Diamond Hillcrest
Related Party Transactions
Ownership interest (as a percent)	25%
Diamond Ground, LLC | Related Party [Member] | Jeremy Ford
Related Party Transactions
Ownership interest (as a percent)	10.20%
Diamond Ground, LLC | Related Party [Member] | Wife of Corey Prestidge
Related Party Transactions
Ownership interest (as a percent)	10.10%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($)		12 Months Ended
	Jun. 08, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retention Agreement | Chief Executive Officer [Member]
Reserve for Indemnification Liability:
Period from date of agreement at which initial renewal of agreement may occur		2 years
Renewal period of contract		1 year
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		$ 31,244,000	$ 31,407,000	$ 30,085,000
Claims made		54,507,000	56,579,000	26,290,000
Claims resolved with no payment		(12,851,000)	(14,499,000)	(11,690,000)
Repurchases		(40,875,000)	(42,243,000)	(11,934,000)
Indemnification payments		(5,116,000)		(1,344,000)
Balance, end of period		26,909,000	31,244,000	31,407,000
Reserve for Indemnification Liability:
Total		26,909,000	31,244,000	31,407,000
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses		1,600,000	1,500,000	10,000,000
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		20,528,000	27,424,000	21,531,000
Additions for new sales		1,649,000	2,532,000	10,966,000
Repurchases		(9,875,000)	(7,941,000)	(3,559,000)
Early payment defaults		(352,000)	(423,000)	(189,000)
Indemnification payments		(259,000)		(366,000)
Change in reserves for loans sold in prior years			(1,064,000)	(959,000)
Balance, end of period		11,691,000	20,528,000	27,424,000
Reserve for Indemnification Liability:
Specific claims		951,000	627,000
Incurred but not reported claims		10,740,000	19,901,000
Total		11,691,000	20,528,000	$ 27,424,000
Loss on Subordinated Bonds
Commitments and Contingencies
Damages sought	$ 13,000,000
Plains Capital Bank
Commitments and Contingencies
Aggregate amount of federal funds purchased and sold for which the Bank acts as an agent on behalf of certain correspondent banks		$ 0	$ 0

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Dec. 31, 2023 USD ($)
Commitments to Extend Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,200
Standby Letters of Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 52.8

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock based compensation
Compensation expense	$ 15.5	$ 15.6	$ 17.5
2012.
Stock based compensation
Number of additional awards permissible under the plan	0
2020 Plan
Stock based compensation
Number of awards approved for grant (in shares)	3,650,000
Common stock remaining available for issuance (in shares)	1,995,985
2020 Plan | Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	17,912	21,545	17,300

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of shares outstanding
Balance at the beginning of the period ( in shares)	1,548	1,869	1,833
Granted (in shares)	479	551	532
Vested/Released (in shares)	(751)	(732)	(475)
Forfeited (in shares)	(24)	(140)	(21)
Balance at the end of the period ( in shares)	1,252	1,548	1,869
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 28.09	$ 23.16	$ 21.48
Granted (in dollars per share)	34.36	33.22	32.93
Vested/Released (in dollars per share)	21.93	20	27.63
Forfeited (in dollars per share)	32.30	24.75	23.29
Balance at the end of the period (in dollars per share)	$ 34.10	$ 28.09	$ 23.16

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	379,576	379,576	379,576
Number of shares awarded (in shares)	479,000	551,000	532,000
Number of awards subject to time-based vesting (in shares)	877,231
Number of awards vesting upon achievement of performance goals (in shares)	374,299
Performance period	3 years
Vesting period	3 years
Transfer restrictions period	1 year
Unrecognized compensation expense	$ 13.9
Weighted average period for unrecognized compensation expense (in years)	1 year 1 month 2 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	386,850
Number of awards subject to time-based vesting (in shares)	289,272
Number of awards vesting upon achievement of performance goals (in shares)	88,073
Performance period	3 years
Vesting period	3 years

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Regulatory matters
Regulatory capital effects from CECL transitionary period	5 years
Plains Capital Bank
Tier 1 capital (to average assets)
Actual Amount	$ 1,407,660	$ 1,405,164
Actual Ratio	0.1055	0.1026
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	$ 1,407,660	$ 1,405,164
Actual Ratio	0.1544	0.1498
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
To Be Well Capitalized Minimum Capital Requirements, Ratio	6.50%
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,407,660	$ 1,405,164
Actual Ratio	0.1544	0.1498
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	$ 1,511,239	$ 1,492,576
Actual Ratio	0.1658	0.1591
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	$ 1,974,918	$ 1,900,701
Actual Ratio	0.1223	0.1147
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.040
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,974,918	$ 1,900,701
Actual Ratio	0.1932	0.1823
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,974,918	$ 1,900,701
Actual Ratio	0.1932	0.1823
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,284,357	$ 2,187,652
Actual Ratio	0.2234	0.2098
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105

Regulatory Matters - Reconcilia

Regulatory Matters - Reconciliation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	$ 2,122,967	$ 2,036,924
Plains Capital Bank
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	1,549,451	1,533,492
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	120,348	133,531
CECL transition adjustment	3,932	5,898
Deduct:
Goodwill and other disallowed intangible assets	(266,071)	(267,757)
Common equity Tier 1 capital (as defined)	1,407,660	1,405,164
Tier 1 capital (as defined)	1,407,660	1,405,164
Add: Allowable Tier 2 capital
Allowance for credit losses, including unfunded commitments	113,965	102,991
Deduct:
Additional Tier 2 capital deduction	(10,386)	(15,579)
Total capital (as defined)	1,511,239	1,492,576
Hilltop
Reconciliation of equity capital to Tier 1 and total capital (as defined)
Total equity capital	2,122,967	2,036,924
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust	121,505	133,531
CECL transition adjustment	4,396	6,594
Deduct:
Goodwill and other disallowed intangible assets	(273,950)	(276,348)
Common equity Tier 1 capital (as defined)	1,974,918	1,900,701
Tier 1 capital (as defined)	1,974,918	1,900,701
Add: Allowable Tier 2 capital
Allowance for credit losses, including unfunded commitments	120,289	103,226
Capital instruments	200,000	200,000
Deduct:
Additional Tier 2 capital deduction	(10,850)	(16,275)
Total capital (as defined)	$ 2,284,357	$ 2,187,652

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 57,395	$ 67,737	$ 221,740
Hilltop Securities
Net Capital
Net capital	281,119
Less: required net capital	6,868
Excess net capital	$ 274,251
Net capital as a percentage of aggregate debit items	81.90%
Net capital in excess of 5% aggregate debt items	$ 263,948
Momentum Independent Network
Net Capital
Net capital	4,214
Less: required net capital	258
Excess net capital	3,956
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 57,400	$ 67,700
Prime Lending
Net Capital
Operating Loss Ratio	20.50%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended								12 Months Ended
	Jan. 25, 2024	May 27, 2022	May 02, 2022	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Jan. 31, 2021
Stock repurchase program
Cash dividends declared per common share				$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.64	$ 0.60	$ 0.48
Cash dividends paid												$ 41,600	$ 43,000	$ 39,000
Earnings available for dividend payments without regulatory approval				$ 23,900								23,900
Payments to repurchase shares												5,100	$ 442,336	123,631
Stock Repurchase Agreement
Stock repurchase program
Repurchase common stock authorized amount																$ 75,000	$ 100,000			$ 75,000
Repurchase common stock authorized increase amount																		$ 50,000	$ 75,000
Payments to repurchase shares												$ 5,100		$ 123,600
Repurchase of common stock (in shares)												164,604		3,632,482
Average price (per share)												$ 30.95		$ 34.01
Shares available for repurchase								0					0
Tender Offer Agreement
Stock repurchase program
Aggregate cash purchase price			$ 400,000
Percentage of outstanding shares		2%
Payments to repurchase shares		$ 442,300
Repurchase of common stock (in shares)		14,868,469
Average price (per share)		$ 29.75
Subsequent Event
Stock repurchase program
Cash dividends declared per common share	$ 0.17
Repurchase common stock authorized amount															$ 75,000
Maximum | Stock Repurchase Agreement
Stock repurchase program
Repurchase common stock authorized amount																		$ 200,000	$ 150,000

Other Noninterest Income and _3

Other Noninterest Income and Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other noninterest income:
Net gains from trading securities portfolio	$ 54,750	$ 23,666	$ 26,353
Net gains from Hilltop Broker-Dealer structured product and derivative activities	42,284	37,407	48,816
Service charges on depositor accounts	16,179	16,962	18,081
Trust fees	13,361	13,975	10,998
Other	29,508	21,947	23,786
Other noninterest income	156,082	113,957	128,034
Other noninterest expense:
Software and information technology	69,212	64,979	68,105
Brokerage commissions and fees	33,538	27,597	25,826
Mortgage origination and servicing	22,040	25,311	35,421
Business development	11,282	12,550	11,998
Travel, meals and entertainment	11,113	9,959	7,646
Unreimbursed loan closing costs	4,971	13,371	20,458
Office supplies	3,241	3,319	3,469
Funding fees	3,174	4,421	4,768
Amortization of intangible assets	2,860	3,967	5,081
Other	50,142	42,227	42,519
Other noninterest expense	$ 211,573	$ 207,701	$ 225,291

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Bank And PrimeLending [Member]
Derivative financial instruments
Cash collateral advanced to offset net derivative assets	$ 51,800	$ 65,000
Not Designated as Hedging Instrument | Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(7,097)	(21,282)	$ (22,170)
Not Designated as Hedging Instrument | Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(7,814)	16,405	(19,884)
Not Designated as Hedging Instrument | Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	65	46	$ 43
Not Designated as Hedging Instrument | PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	7,600	10,600
Interest Rate Lock Commitments | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	383,767	506,278
Estimated Fair Value	7,734	1,767
Commitments to Purchase MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,470,142	819,681
Estimated Fair Value	15,666	2,435
Commitments to Sell MBSs | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,222,225	2,188,964
Estimated Fair Value	(17,870)	10,711
Commitments to Sell MBSs | Not Designated as Hedging Instrument | Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	14,700	8,400
Interest rate swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	33,500	35,784
Estimated Fair Value	(5,349)	(1,421)
Interest rate swaps | Cash Flow Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	410,000	430,000
Estimated Fair Value	14,277	21,703
Carrying value of available for sale securities and loans held for investment	290,200	322,500
Interest rate swaps | Fair Value Hedging | Designated as hedges
Derivative financial instruments
Notional Amount	325,193	365,323
Estimated Fair Value	34,799	42,828
Designated hedge amount from closed portfolio of available for sale securities and loans held for investment	325,300	365,300
Cumulative adjustment in available for sale securities and loans held for investment	35,000	42,800
Interest rate swaps back-to-back (asset) | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,421
Estimated Fair Value	176
Interest rate swaps back-to-back (liability) | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,421
Estimated Fair Value	(191)
U.S. Treasury bond futures and options | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	306,200	395,500
Estimated Fair Value	430	(449)
Interest rate and other futures | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	224,800	2,612,000
Credit default swaps | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount		3,000
Estimated Fair Value		$ (2)
Warrant | Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	866
Estimated Fair Value	$ 820

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 80,011	$ 118,070
Total
Gross Amounts of Recognized Assets	1,553,386	1,212,123
Gross Amounts Offset in the Balance Sheet		(3,916)
Net Amounts of Assets Presented in the Balance Sheet	1,553,386	1,208,207
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,413,061)	(1,089,776)
Cash Collateral Pledged	(49,253)	(64,630)
Net Amount	91,072	53,801
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,406,937	1,012,573
Net Amounts of Assets Presented in the Balance Sheet	1,406,937	1,012,573
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,332,856)	(964,517)
Net Amount	74,081	48,056
Interest rate swaps | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	49,253	64,729
Net Amounts of Assets Presented in the Balance Sheet	49,253	64,729
Gross Amounts Not Offset in the Balance Sheet
Cash Collateral Pledged	(49,253)	(64,630)
Net Amount	0	99
Reverse repurchase agreements | Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	80,011	118,070
Net Amounts of Assets Presented in the Balance Sheet	80,011	118,070
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(80,011)	(115,302)
Net Amount	0	2,768
Forward MBS Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	16,755	16,694
Gross Amounts Offset in the Balance Sheet		(3,410)
Net Amounts of Assets Presented in the Balance Sheet	16,755	13,284
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(194)	(9,957)
Net Amount	16,561	3,327
Treasury Futures And Option Derivatives | Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	430	57
Gross Amounts Offset in the Balance Sheet		(506)
Net Amounts of Assets Presented in the Balance Sheet	430	(449)
Gross Amounts Not Offset in the Balance Sheet
Net Amount	$ 430	$ (449)

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Total
Gross Amounts of Recognized Liabilities	$ 1,635,306	$ 1,215,307
Net Amounts of Liabilities Presented in the Balance Sheet	1,635,306	1,215,307
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,541,474)	(1,192,512)
Cash Collateral Pledged	(10,515)
Net Amount	83,317	22,795
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,371,896	916,570
Net Amounts of Liabilities Presented in the Balance Sheets	1,371,896	916,570
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,296,828)	(871,037)
Net Amount	75,068	45,533
Institutional Counterparties | Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	5,349	1,619
Net Amounts of Liabilities Presented in the Balance Sheet	5,349	1,619
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(5,349)	(1,438)
Net Amount	0	181
Institutional Counterparties | Credit default swaps
Derivatives:
Gross Amounts of Recognized Liabilities		2
Net Amounts of Liabilities Presented in the Balance Sheet		2
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments		(2)
Net Amount		0
Institutional Counterparties | Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	239,103	296,978
Net Amounts of Liabilities Presented in the Balance Sheet	239,103	296,978
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(239,103)	(319,897)
Net Amount	0	(22,919)
Institutional Counterparties | Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	18,958	138
Net Amounts of Liabilities Presented in the Balance Sheet	18,958	138
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(194)	(138)
Cash Collateral Pledged	(10,515)
Net Amount	$ 8,249	$ 0

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Number of repurchase-to-maturity transactions outstanding | item	0	0
Total borrowings	$ 1,610,999	$ 1,213,548
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	1,610,999	1,213,548
Amount related to agreements not included in offsetting disclosure above	$ 0	0
Minimum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	1 day
Maximum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	90 days
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 1,461,704	1,047,186
Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	149,295	2,539
Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings		141,461
Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings		22,362
U.S. government agency securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	8,389
U.S. government agency securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	8,389
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	230,714	296,978
Assets-backed securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	81,419	130,616
Assets-backed securities | Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	149,295	2,539
Assets-backed securities | Maturity 30 to 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions		141,461
Assets-backed securities | Maturity over 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions		22,362
Corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	52	113
Corporate securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	52	113
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,371,844	916,457
Equity securities | Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,371,844	$ 916,457

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivables:
Securities borrowed	$ 1,406,937	$ 1,012,573
Securities failed to deliver	28,120	11,350
Trades in process of settlement	123,722	3,476
Other	15,152	10,656
Total receivables	1,573,931	1,038,055
Payables:
Securities loaned	1,371,896	916,570
Correspondents	33,286	22,760
Securities failed to receive	18,135	20,167
Other	7,417	6,973
Total Payables	$ 1,430,734	$ 966,470

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) segment item	Dec. 31, 2022 USD ($)	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)	$ 111,226	$ 115,650	$ 118,266	$ 121,705	$ 123,442	$ 123,486	$ 112,056	$ 99,991	$ 466,847	$ 458,975	$ 422,982
Provision for (reversal of) credit losses	1,265	(40)	14,836	2,331	3,638	(780)	5,336	115	18,392	8,309	(58,213)
Noninterest income	178,978	196,849	190,652	162,494	169,784	206,975	239,273	216,428	728,973	832,460	1,410,275
Noninterest expense	250,845	260,017	266,977	250,470	253,368	288,738	298,543	286,350	1,028,309	1,126,999	1,387,398
Income before income taxes	38,094	$ 52,522	$ 27,105	$ 31,398	36,220	$ 42,503	$ 47,450	$ 29,954	149,119	156,127	504,072
Goodwill	267,447				267,447				267,447	267,447
Total assets	16,466,996				16,259,282				16,466,996	16,259,282
Operating Segments | Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									397,936	413,603	406,524
Provision for (reversal of) credit losses									18,525	8,250	(58,175)
Noninterest income									45,830	49,307	45,113
Noninterest expense									226,234	235,190	226,915
Income before income taxes									199,007	219,470	282,897
Goodwill	247,368				247,368				247,368	247,368
Total assets	13,288,627				13,420,110				13,288,627	13,420,110
Operating Segments | Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									52,894	51,597	43,296
Provision for (reversal of) credit losses									(133)	59	(38)
Noninterest income									403,538	341,943	381,125
Noninterest expense									383,024	355,713	380,798
Income before income taxes									73,541	37,768	43,661
Goodwill	7,008				7,008				7,008	7,008
Total assets	2,929,296				2,672,709				2,929,296	2,672,709
Operating Segments | Mortgage Origination
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(20,305)	(10,529)	(20,400)
Noninterest income									316,840	452,915	986,990
Noninterest expense									359,285	478,904	731,056
Income before income taxes									(62,750)	(36,518)	235,534
Goodwill	13,071				13,071				13,071	13,071
Total assets	1,181,316				1,249,284				1,181,316	1,249,284
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									(12,961)	(13,135)	(17,239)
Noninterest income									12,887	7,525	9,133
Noninterest expense									60,631	59,030	50,507
Income before income taxes									(60,705)	(64,640)	(58,613)
Total assets	2,543,057				2,465,513				2,543,057	2,465,513
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)									49,283	17,439	10,801
Noninterest income									(50,122)	(19,230)	(12,086)
Noninterest expense									(865)	(1,838)	(1,878)
Income before income taxes									26	47	$ 593
Total assets	$ (3,475,300)				$ (3,548,334)				$ (3,475,300)	$ (3,548,334)

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Basic earnings per share:
Income attributable to Hilltop	$ 28,671	$ 37,042	$ 18,133	$ 25,800	$ 25,556	$ 32,068	$ 33,260	$ 22,250	$ 109,646	$ 113,134	$ 374,495
Weighted average shares outstanding - basic (in shares)									65,043	70,434	80,708
Basic earnings per common share (in dollars per share)	$ 0.44	$ 0.57	$ 0.28	$ 0.40	$ 0.40	$ 0.50	$ 0.45	$ 0.28	$ 1.69	$ 1.61	$ 4.64
Diluted earnings per share:
Income attributable to Hilltop	$ 28,671	$ 37,042	$ 18,133	$ 25,800	$ 25,556	$ 32,068	$ 33,260	$ 22,250	$ 109,646	$ 113,134	$ 374,495
Weighted average shares outstanding - basic (in shares)									65,043	70,434	80,708
Effect of potentially dilutive securities (in shares)									2	192	465
Weighted average shares outstanding - diluted (in shares)									65,045	70,626	81,173
Diluted earnings per common share (in dollars per share)	$ 0.44	$ 0.57	$ 0.28	$ 0.40	$ 0.39	$ 0.50	$ 0.45	$ 0.28	$ 1.69	$ 1.60	$ 4.61

Financial Statements of Paren_2

Financial Statements of Parent - Operations and Comp Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Interest expense	$ 105,541	$ 101,105	$ 95,160	$ 69,722	$ 56,532	$ 32,986	$ 23,077	$ 19,546	$ 371,528	$ 132,141	$ 106,991
Income tax benefit	7,132	13,211	7,167	3,630	9,642	9,249	12,127	5,815	31,140	36,833	117,976
Net income	$ 30,962	$ 39,311	$ 19,938	$ 27,768	$ 26,578	$ 33,254	$ 35,323	$ 24,139	117,979	119,294	386,096
Other comprehensive income (loss), net									12,026	(123,312)	(27,982)
Comprehensive income (loss)									130,005	(4,018)	358,114
Parent Company | Reportable Legal Entities
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Dividends from bank subsidiaries									105,000	205,000	295,000
Dividends from nonbank subsidiaries									28,821	10,732	81,675
Investment income									7,098	6,914	4,322
Interest expense									20,059	20,049	21,561
Other income									12,887	7,525	9,070
General and administrative expense									60,631	59,030	50,507
Income before income taxes and equity in undistributed earnings of subsidiaries activity									73,116	151,092	317,999
Income tax benefit									(8,596)	(13,124)	(14,065)
Equity in undistributed earnings of subsidiaries									36,267	(44,922)	54,032
Net income									117,979	119,294	386,096
Other comprehensive income (loss), net									12,026	(123,312)	(27,982)
Comprehensive income (loss)									$ 130,005	$ (4,018)	$ 358,114

Financial Statements of Paren_3

Financial Statements of Parent - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Available for sale securities	$ 1,507,595	$ 1,658,766
Loans held for investment, net of unearned income	8,079,745	8,092,673
Investment in subsidiaries:
Other assets	517,545	518,899
Total assets	16,466,996	16,259,282
Liabilities and Stockholders' Equity
Notes payable	347,145	346,654
Stockholders' equity	2,122,967	2,036,924
Total liabilities and stockholders' equity	16,466,996	16,259,282
Parent Company | Reportable Legal Entities
Assets
Cash and cash equivalents	245,696	205,887	$ 531,260
Available for sale securities	24,418
Loans held for investment, net of unearned income	10,858	9,181
Investment in subsidiaries:
Bank subsidiaries	1,549,450	1,533,491	1,721,780
Nonbank subsidiaries	457,675	427,516	409,835
Other assets	254,960	289,438	277,795
Total assets	2,543,057	2,465,513	2,940,670
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	26,658	34,569	25,762
Notes payable	367,861	370,823	369,618
Stockholders' equity	2,148,538	2,060,121	2,545,290
Total liabilities and stockholders' equity	$ 2,543,057	$ 2,465,513	$ 2,940,670

Financial Statements of Paren_4

Financial Statements of Parent - Cash flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net income	$ 30,962	$ 39,311	$ 19,938	$ 27,768	$ 26,578	$ 33,254	$ 35,323	$ 24,139	$ 117,979	$ 119,294	$ 386,096
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes									7,004	8,184	(7,077)
Net cash provided by operating activities									443,023	1,189,448	765,622
Investing Activities:
Purchases of securities available for sale									(65,165)	(768,461)	(1,343,763)
Purchases of premises and equipment and other assets									(8,488)	(9,798)	(24,751)
Net cash provided by (used in) investing activities									158,338	(877,302)	(553,274)
Financing Activities:
Payments to repurchase common stock									(5,100)	(442,336)	(123,631)
Dividends paid on common stock									(41,604)	(42,963)	(38,978)
Net cash contributed from (to) noncontrolling interest									(7,576)	(6,090)	(11,774)
Other, net									(5,391)	(5,860)	(3,397)
Net cash used in financing activities									(332,515)	(1,709,510)	1,479,612
Net change in cash, cash equivalents and restricted cash									268,846	(1,397,364)	1,691,960
Cash, cash equivalents and restricted cash, beginning of year				1,647,899				3,045,263	1,647,899	3,045,263	1,353,303
Cash, cash equivalents and restricted cash, end of year	1,916,745				1,647,899				1,916,745	1,647,899	3,045,263
Parent Company | Reportable Legal Entities
Operating Activities:
Net income									117,979	119,294	386,096
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries									(36,267)	44,922	(54,032)
Net realized gains on equity investments											(926)
Deferred income taxes									2,716	1,064	(3,049)
Other, net									21,473	(981)	14,725
Net cash provided by operating activities									105,901	164,299	342,814
Investing Activities:
Advancement to nonbank subsidiaries											(75,000)
Repayment of advances to/investments in nonbank subsidiaries									15,000	15,000	5,762
Purchases of securities available for sale									(11,696)
Purchases of equity investments (including merchant banking investments)									(19,914)	(20,006)
Purchases of premises and equipment and other assets									(2,423)	(1,015)	(2,154)
Proceeds from sales/disposition of equity investments										4,000	12,292
Net cash provided by (used in) investing activities									(19,033)	(2,021)	(59,100)
Financing Activities:
Payments to repurchase common stock									(5,100)	(442,336)	(123,631)
Payments on junior subordinated debentures											(67,012)
Dividends paid on common stock									(41,604)	(42,963)	(38,978)
Net cash contributed from (to) noncontrolling interest									832	(918)	(909)
Other, net									(1,187)	(1,434)	(750)
Net cash used in financing activities									(47,059)	(487,651)	(231,280)
Net change in cash, cash equivalents and restricted cash									39,809	(325,373)	52,434
Cash, cash equivalents and restricted cash, beginning of year				$ 205,887				$ 531,260	205,887	531,260	478,826
Cash, cash equivalents and restricted cash, end of year	$ 245,696				$ 205,887				$ 245,696	$ 205,887	$ 531,260

Selected Quarterly Financial _3

Selected Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Selected Quarterly Financial Information (Unaudited)
Interest income	$ 216,767	$ 216,755	$ 213,426	$ 191,427	$ 179,974	$ 156,472	$ 135,133	$ 119,537	$ 838,375	$ 591,116	$ 529,973
Interest expense	105,541	101,105	95,160	69,722	56,532	32,986	23,077	19,546	371,528	132,141	106,991
Net interest income	111,226	115,650	118,266	121,705	123,442	123,486	112,056	99,991	466,847	458,975	422,982
Provision for (reversal of) credit losses	1,265	(40)	14,836	2,331	3,638	(780)	5,336	115	18,392	8,309	(58,213)
Noninterest income	178,978	196,849	190,652	162,494	169,784	206,975	239,273	216,428	728,973	832,460	1,410,275
Noninterest expense	250,845	260,017	266,977	250,470	253,368	288,738	298,543	286,350	1,028,309	1,126,999	1,387,398
Income before income taxes	38,094	52,522	27,105	31,398	36,220	42,503	47,450	29,954	149,119	156,127	504,072
Income tax expense	7,132	13,211	7,167	3,630	9,642	9,249	12,127	5,815	31,140	36,833	117,976
Net income	30,962	39,311	19,938	27,768	26,578	33,254	35,323	24,139	117,979	119,294	386,096
Less: Net income attributable to noncontrolling interest	2,291	2,269	1,805	1,968	1,022	1,186	2,063	1,889	8,333	6,160	11,601
Income attributable to Hilltop	$ 28,671	$ 37,042	$ 18,133	$ 25,800	$ 25,556	$ 32,068	$ 33,260	$ 22,250	$ 109,646	$ 113,134	$ 374,495
Basic:
Basic earnings per common share (in dollars per share)	$ 0.44	$ 0.57	$ 0.28	$ 0.40	$ 0.40	$ 0.50	$ 0.45	$ 0.28	$ 1.69	$ 1.61	$ 4.64
Diluted:
Diluted earnings per common share (in dollars per share)	0.44	0.57	0.28	0.40	0.39	0.50	0.45	0.28	1.69	1.60	4.61
Cash dividends declared per common share	$ 0.16	$ 0.16	$ 0.16	$ 0.16	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.64	$ 0.60	$ 0.48

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ 28,671	$ 37,042	$ 18,133	$ 25,800	$ 25,556	$ 32,068	$ 33,260	$ 22,250	$ 109,646	$ 113,134	$ 374,495

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified [Flag]	false
Non-Rule 10b5-1 Arrangement Modified [Flag]	false