Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Financial Instruments

Schedule of changes in fair value of derivatives

Changes in the fair value of derivatives are presented in the following table (in thousands).

	Three Months Ended March 31,
	2020		2019
Increase (decrease) in fair value of derivatives during period:
PrimeLending	$	19,876	$	18,187
Hilltop Broker-Dealers		(8,141)		(1,807)
Bank		(135)		(61)

Schedule of derivative positions

Derivative positions are presented in the following table (in thousands).

	March 31, 2020				December 31, 2019
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Derivative instruments (not designated as hedges):
IRLCs	$	3,063,446	$	93,412	$	914,526	$	18,222
Customer-based written options		31,200		—		31,200		—
Customer-based purchased options		31,200		—		31,200		—
Commitments to purchase MBSs		5,431,558		65,666		3,346,946		3,321
Commitments to sell MBSs		9,698,119		(133,762)		5,988,198		(5,904)
Interest rate swaps		41,455		(192)		15,012		(178)
U.S. Treasury bond futures and options (1)		66,100		—		283,500		—
Eurodollar futures (1)		18,000		—		934,000		—
Derivative instruments (designated as hedges):
Interest rate swaps designated as cash flow hedges	$	105,000	$	(3,605)	$	50,000	$	528

(1)    Changes in the fair value of these contracts are settled daily with the respective counterparties of PrimeLending and the Hilltop Broker-Dealers.