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Other borrowings (Tables)
 6 Months Ended
Jun. 30, 2020
Subordinated Debt [Abstract]  
Schedule of Other Borrowings
Pinnacle Financial has twelve wholly-owned subsidiaries that are statutory business trusts created for the exclusive purpose of issuing 30-year capital trust preferred securities, and Pinnacle Financial and Pinnacle Bank have entered into certain other subordinated debt agreements. On April 22, 2020, Pinnacle Financial established a credit facility with the Federal Reserve Bank in conjunction with the SBA Paycheck Protection Program, with available borrowing capacity equal to the outstanding balance of Paycheck Protection Program loans, which totaled approximately $2.2 billion at June 30, 2020. Pinnacle Financial also had a $75.0 million revolving credit facility with no outstanding borrowings as of June 30, 2020 that matured on July 24, 2020 and was not renewed. These instruments are outlined below as of June 30, 2020 (in thousands):

NameDate
Established		MaturityTotal Debt OutstandingInterest Rate at June 30, 2020Coupon Structure
Trust preferred securities   
Pinnacle Statutory Trust IDecember 29, 2003December 30, 2033$10,310  3.10 %30-day LIBOR + 2.80%
Pinnacle Statutory Trust IISeptember 15, 2005September 30, 203520,619  1.71 %30-day LIBOR + 1.40%
Pinnacle Statutory Trust IIISeptember 7, 2006September 30, 203620,619  1.96 %30-day LIBOR + 1.65%
Pinnacle Statutory Trust IVOctober 31, 2007September 30, 203730,928  3.16 %30-day LIBOR + 2.85%
BNC Capital Trust IApril 3, 2003April 15, 20335,155  4.47 %30-day LIBOR + 3.25%
BNC Capital Trust IIMarch 11, 2004April 7, 20346,186  4.07 %30-day LIBOR + 2.85%
BNC Capital Trust IIISeptember 23, 2004September 23, 20345,155  3.62 %30-day LIBOR + 2.40%
BNC Capital Trust IVSeptember 27, 2006December 31, 20367,217  2.01 %30-day LIBOR + 1.70%
Valley Financial Trust IJune 26, 2003June 26, 20334,124  4.33 %30-day LIBOR + 3.10%
Valley Financial Trust IISeptember 26, 2005December 15, 20357,217  1.80 %30-day LIBOR + 1.49%
Valley Financial Trust IIIDecember 15, 2006January 30, 20375,155  2.49 %30-day LIBOR + 1.73%
Southcoast Capital Trust IIIAugust 5, 2005September 30, 203510,310  1.81 %30-day LIBOR + 1.50%
Subordinated Debt   
Pinnacle Bank Subordinated NotesJuly 30, 2015July 30, 202560,000  4.88 %
Fixed (1)
Pinnacle Bank Subordinated NotesMarch 10, 2016July 30, 202570,000  4.88 %
Fixed (1)
Pinnacle Financial Subordinated NotesNovember 16, 2016November 16, 2026120,000  5.25 %
Fixed (2)
Pinnacle Financial Subordinated NotesSeptember 11, 2019September 15, 2029300,000  4.13 %
Fixed (3)
Other Borrowings    
Revolving credit facility (4)
April 22, 2020July 24, 2020—  30-day LIBOR + 1.50%
Paycheck Protection Program Liquidity FacilityApril 22, 2020September 30, 202047,082  0.35 %Fixed
Debt issuance costs and fair value adjustments(13,034)  
Total subordinated debt and other borrowings$717,043   
(1) Migrates to three month LIBOR + 3.128% beginning July 30, 2020 through the end of the term.
(2) Migrates to three month LIBOR + 3.884% beginning November 16, 2021 through the end of the term.
(3) Migrates to three month LIBOR + 2.775% beginning September 15, 2024 through the end of the term.
(4) Borrowing capacity on the revolving credit facility is $75.0 million. At June 30, 2020, there were no amounts outstanding under this facility. An unused fee of 0.30% is assessed on the average daily unused amount of the line. This credit facility matured on July 24, 2020 and was not renewed.