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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Loans, including fees $ 68,121   $ 198,220  
Securities:        
Taxable 7,202 3,387 19,594 10,129
Tax-exempt 1,052   3,588  
Federal funds sold and securities purchased under agreements to resell 35   91  
Interest-bearing deposits with banks 282   857  
Other 2,546   7,660  
Total interest income 79,238 3,387 230,010 10,129
Interest expense:        
Deposits 3,685   10,541  
Short-term borrowings 384   1,488  
Notes payable 2,294 2,140 6,924 6,410
Junior subordinated debentures 591   1,811  
Other 832   2,108  
Total interest expense 7,786 2,140 22,872 6,410
Net interest income 71,452 1,247 207,138 3,719
Provision for loan losses 10,658   34,952  
Net interest income after provision for loan losses 60,794 1,247 172,186 3,719
Noninterest income:        
Net realized gains on securities 1,142   1,142  
Net gains from sale of loans and other mortgage production income 105,337   375,464  
Mortgage loan origination fees 22,091   63,679  
Net insurance premiums earned 39,982 37,688 116,045 109,038
Investment and securities advisory fees and commissions 22,310   70,283  
Bargain purchase gain 3,271   3,271  
Other 11,625 1,895 28,385 5,457
Total noninterest income 205,758 39,583 658,269 114,495
Noninterest expense:        
Employees' compensation and benefits 119,176 1,906 368,081 6,404
Loss and loss adjustment expenses 24,631 30,136 93,976 91,749
Policy acquisition and other underwriting expenses 11,739 10,121 34,169 31,864
Occupancy and equipment, net 20,974 246 60,540 738
Other 40,097 4,383 135,242 8,827
Total noninterest expense 216,617 46,792 692,008 139,582
Income (loss) before income taxes 49,935 (5,962) 138,447 (21,368)
Income tax expense (benefit) 16,632 (1,914) 49,111 (6,954)
Net income (loss) 33,303 (4,048) 89,336 (14,414)
Less: Net income attributable to noncontrolling interest 339   1,207  
Income (loss) attributable to Hilltop 32,964 (4,048) 88,129 (14,414)
Dividends on preferred stock 1,133   2,985  
Income (loss) applicable to Hilltop common stockholders $ 31,831 $ (4,048) $ 85,144 $ (14,414)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.38 $ (0.07) $ 1.01 $ (0.26)
Diluted (in dollars per share) $ 0.36 $ (0.07) $ 0.98 $ (0.26)
Weighted average share information:        
Basic (in shares) 83,493 56,363 83,490 56,408
Diluted (in shares) 90,460 56,363 90,251 56,408