Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2018

Regulatory Matters

Schedule of comparison of the Plain Capital's and Hilltop's consolidated actual capital amounts and ratios to the regulatory minimum requirements and the Bank's regulatory minimum capital requirements and the Bank's regulatory minimum capital requirements needed to qualify as a well-capitalized institution without giving effect to the final Basel III capital rules adopted by the Federal Reserve Board

The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer in effect at the end of the period and on a fully phased-in basis as if such requirements were currently in effect as measured at September 30, 2018 and December 31, 2017, respectively (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.

					Minimum Capital Requirements
					Including Conservation Buffer
					In Effect at		Fully		To Be Well
	Actual				End of Period		Phased In		Capitalized
	Amount		Ratio		Ratio		Ratio		Ratio
September 30, 2018
Tier 1 capital (to average assets):
PlainsCapital	$	1,151,669	11.86	%	4.0	%	4.0	%	5.0	%
Hilltop		1,675,285	12.40	%	4.0	%	4.0	%	N/A
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,151,669	13.88	%	6.375	%	7.0	%	6.5	%
Hilltop		1,629,899	16.95	%	6.375	%	7.0	%	N/A
Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,151,669	13.88	%	7.875	%	8.5	%	8.0	%
Hilltop		1,675,285	17.42	%	7.875	%	8.5	%	N/A
Total capital (to risk-weighted assets):
PlainsCapital		1,213,970	14.63	%	9.875	%	10.5	%	10.0	%
Hilltop		1,718,018	17.87	%	9.875	%	10.5	%	N/A
					Minimum Capital Requirements
					Including Conservation Buffer
					In Effect at		Fully		To Be Well
	Actual				End of Period		Phased In		Capitalized
	Amount		Ratio		Ratio		Ratio		Ratio
December 31, 2017
Tier 1 capital (to average assets):
PlainsCapital	$	1,147,527	12.32	%	4.0	%	4.0	%	5.0	%
Hilltop		1,688,358	12.94	%	4.0	%	4.0	%	N/A
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,147,527	14.47	%	5.75	%	7.0	%	6.5	%
Hilltop		1,639,009	17.71	%	5.75	%	7.0	%	N/A
Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,147,527	14.47	%	7.25	%	8.5	%	8.0	%
Hilltop		1,688,358	18.24	%	7.25	%	8.5	%	N/A
Total capital (to risk-weighted assets):
PlainsCapital		1,212,793	15.29	%	9.25	%	10.5	%	10.0	%
Hilltop		1,738,325	18.78	%	9.25	%	10.5	%	N/A

Schedule of net capital position

At September 30, 2018, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). 

				HTS
	Hilltop			Independent
	Securities			Network
Net capital	$	214,906		$	3,307
Less: required net capital		9,836			250
Excess net capital	$	205,070		$	3,057
Net capital as a percentage of aggregate debit items		43.7	%
Net capital in excess of 5% aggregate debit items	$	190,317

Summary of statutory capital and surplus and statutory net income (loss) of each insurance subsidiary

A summary of statutory capital and surplus and statutory net income (loss) of each insurance subsidiary is as follows (in thousands).

	September 30,		December 31,
	2018		2017
Statutory capital and surplus:
National Lloyds Insurance Company	$	99,195	$	93,812
American Summit Insurance Company		18,158		22,778

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Statutory net income (loss):
National Lloyds Insurance Company	$	5,442	$	(4,147)	$	6,576	$	(10,663)
American Summit Insurance Company		(2,765)		(1,216)		(1,482)		(693)