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Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Financial assets:    
Securities purchased with agreement to resell $ 500,000 $ 0
Securities held-to-maturity 1,030,639 1,066,531
Quoted market prices in an active market (Level 1)    
Financial assets:    
Securities purchased with agreement to resell 0  
Securities held-to-maturity 0 0
Loans, net 0 0
Consumer loans held-for-sale 0 0
Commercial loans held-for-sale 0 0
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 0 0
Federal Home Loan Bank advances 0 0
Subordinated debt and other borrowings 0 0
Off-balance sheet instruments:    
Commitments to extend credit [1] 0 0
Models with significant observable market parameters (Level 2)    
Financial assets:    
Securities purchased with agreement to resell 0  
Securities held-to-maturity 1,030,639 1,066,531
Loans, net 0 0
Consumer loans held-for-sale 57,810 89,625
Commercial loans held-for-sale 26,225 31,841
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 0 0
Federal Home Loan Bank advances 0 0
Subordinated debt and other borrowings 0 0
Off-balance sheet instruments:    
Commitments to extend credit [1] 0 0
Models with significant unobservable market parameters (Level 3)    
Financial assets:    
Securities purchased with agreement to resell 486,397  
Securities held-to-maturity 0 0
Loans, net 22,629,233 22,407,546
Consumer loans held-for-sale 0 0
Commercial loans held-for-sale 0 0
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 27,472,418 26,929,142
Federal Home Loan Bank advances 943,600 1,189,035
Subordinated debt and other borrowings 662,942 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1] 25,031 24,887
Carrying/ Notional Amount    
Financial assets:    
Securities purchased with agreement to resell 500,000  
Securities held-to-maturity 995,838 1,028,359
Loans, net 22,624,188 22,139,451
Consumer loans held-for-sale 56,968 87,821
Commercial loans held-for-sale 25,843 31,200
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 28,395,264 27,833,739
Federal Home Loan Bank advances 888,304 1,087,927
Subordinated debt and other borrowings 671,994 670,575
Off-balance sheet instruments:    
Commitments to extend credit [1] 10,648,545 9,692,607
Estimated Fair Value    
Financial assets:    
Securities purchased with agreement to resell [2] 486,397  
Securities held-to-maturity [2] 1,030,639 1,066,531
Loans, net [2] 22,629,233 22,407,546
Consumer loans held-for-sale [2] 57,810 89,625
Commercial loans held-for-sale [2] 26,225 31,841
Financial liabilities:    
Deposits and securities sold under agreements to repurchase [2] 27,472,418 26,929,142
Federal Home Loan Bank advances [2] 943,600 1,189,035
Subordinated debt and other borrowings [2] 662,942 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1],[2] $ 25,031 $ 24,887
[1] At the end of each quarter, Pinnacle Financial evaluates the inherent risks of the outstanding off-balance sheet commitments, including both commitments for unfunded loans and standby letters of credit. In making this evaluation, Pinnacle Financial utilizes credit loss expectations on funded loans from our allowance for credit losses methodology and evaluates the probability that the outstanding commitment will eventually become a funded loan. As a result, at June 30, 2021 and December 31, 2020, Pinnacle Financial included in other liabilities $23.2 million, representing expected credit losses on off-balance sheet commitments, which are reflected in the estimated fair values of the related commitments. Also included in the fair values at June 30, 2021 and December 31, 2020 are unamortized fees related to these commitments of $1.8 million and $1.7 million, respectively.
[2] Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction.