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Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Financial assets:    
Securities purchased with agreement to resell $ 500,000 $ 0
Securities held-to-maturity 1,014,407 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 1,014,407 1,066,531
Loans, net 0 0
Consumer loans held-for-sale 55,763 89,625
Commercial loans held-for-sale 49,556 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 486,315  
Securities held-to-maturity 0 0
Loans, net 22,804,075 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 28,558,710 26,929,142
Federal Home Loan Bank advances 938,917 1,189,035
Subordinated debt and other borrowings 531,587 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1] 24,255 24,887
Carrying/ Notional Amount    
Financial assets:    
Securities purchased with agreement to resell 500,000  
Securities held-to-maturity 989,237 1,028,359
Loans, net 22,789,826 22,139,451
Consumer loans held-for-sale 55,273 87,821
Commercial loans held-for-sale 49,121 31,200
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 29,518,047 27,833,739
Federal Home Loan Bank advances 888,493 1,087,927
Subordinated debt and other borrowings 542,712 670,575
Off-balance sheet instruments:    
Commitments to extend credit [1] 11,627,405 9,692,607
Estimated Fair Value    
Financial assets:    
Securities purchased with agreement to resell [2] 486,315  
Securities held-to-maturity [2] 1,014,407 1,066,531
Loans, net [2] 22,804,075 22,407,546
Consumer loans held-for-sale [2] 55,763 89,625
Commercial loans held-for-sale [2] 49,556 31,841
Financial liabilities:    
Deposits and securities sold under agreements to repurchase [2] 28,558,710 26,929,142
Federal Home Loan Bank advances [2] 938,917 1,189,035
Subordinated debt and other borrowings [2] 531,587 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1],[2] $ 24,255 $ 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 September 30, 2021 and December 31, 2020, Pinnacle Financial included in other liabilities $22.5 million and $23.2 million, respectively, 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 September 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.