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Federal Home Loan Bank Advances (Tables)
12 Months Ended
Dec. 31, 2021
Advances from Federal Home Loan Banks [Abstract]  
Scheduled Maturities of Advances and Interest Rates
At December 31, 2021 and 2020, Pinnacle Bank had outstanding advances from the FHLB totaling approximately $888.7 million and $1.1 billion, respectively. The scheduled maturities of FHLB advances at December 31, 2021 and interest rates are as follows (in thousands):
 Scheduled maturities
Weighted average interest rates(1)
2022$— — %
2023— — %
2024— — %
2025116,250 0.60 %
2026— — %
Thereafter775,013 2.15 %
891,263 
Deferred costs2,582 
Total Federal Home Loan Bank advances$888,681 
Weighted average interest rate 1.94 %
(1)Some FHLB Cincinnati advances include variable interest rates and could increase in the future. The table reflects rates in effect as of December 31, 2021.