Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2020

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 tables show 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 June 30, 2020 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period.

					Minimum Capital
					Requirements
					Including		To Be Well
	Actual				Conservation Buffer		Capitalized
	Amount		Ratio		Ratio		Ratio
June 30, 2020
Tier 1 capital (to average assets):
PlainsCapital	$	1,333,686	10.37	%	4.0	%	5.0	%
Hilltop		2,045,096	12.60	%	4.0	%	N/A
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,333,686	14.03	%	7.0	%	6.5	%
Hilltop		1,980,096	18.46	%	7.0	%	N/A
Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,333,686	14.03	%	8.5	%	8.0	%
Hilltop		2,045,096	19.06	%	8.5	%	N/A
Total capital (to risk-weighted assets):
PlainsCapital		1,414,838	14.88	%	10.5	%	10.0	%
Hilltop		2,340,456	21.82	%	10.5	%	N/A
					Minimum Capital
					Requirements
					Including		To Be Well
	Actual				Conservation Buffer		Capitalized
	Amount		Ratio		Ratio		Ratio
December 31, 2019
Tier 1 capital (to average assets):
PlainsCapital	$	1,236,289	11.61	%	4.0	%	5.0	%
Hilltop		1,822,970	12.71	%	4.0	%	N/A
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,236,289	13.45	%	7.0	%	6.5	%
Hilltop		1,776,381	16.70	%	7.0	%	N/A
Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,236,289	13.45	%	8.5	%	8.0	%
Hilltop		1,822,970	17.13	%	8.5	%	N/A
Total capital (to risk-weighted assets):
PlainsCapital		1,299,453	14.13	%	10.5	%	10.0	%
Hilltop		1,867,771	17.55	%	10.5	%	N/A

Schedule of net capital position

At June 30, 2020, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands).

				HTS
	Hilltop			Independent
	Securities			Network
Net capital	$	281,682		$	3,019
Less: required net capital		8,241			250
Excess net capital	$	273,441		$	2,769
Net capital as a percentage of aggregate debit items		68.4	%
Net capital in excess of 5% aggregate debit items	$	261,080