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Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Financial assets:    
Securities purchased with agreement to resell $ 1,332,753 $ 1,000,000
Securities held-to-maturity 2,432,654 1,188,049
Quoted market prices in an active market (Level 1)    
Financial assets:    
Securities purchased with agreement to resell 0 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 0
Securities held-to-maturity 2,432,654 1,188,049
Loans, net 0 0
Consumer loans held-for-sale 66,811 46,288
Commercial loans held-for-sale 35,166 17,871
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 1,256,507 980,543
Securities held-to-maturity 0 0
Loans, net 23,927,906 23,223,299
Consumer loans held-for-sale 0 0
Commercial loans held-for-sale 0 0
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 31,458,595 30,812,222
Federal Home Loan Bank advances 893,481 1,006,866
Subordinated debt and other borrowings 458,378 479,879
Off-balance sheet instruments:    
Commitments to extend credit [1] 25,100 24,351
Carrying/ Notional Amount    
Financial assets:    
Securities purchased with agreement to resell 1,332,753 1,000,000
Securities held-to-maturity 2,566,386 1,155,958
Loans, net 24,237,404 23,151,029
Consumer loans held-for-sale 67,224 45,806
Commercial loans held-for-sale 35,383 17,685
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 32,515,344 31,457,092
Federal Home Loan Bank advances 888,870 888,681
Subordinated debt and other borrowings 423,319 423,172
Off-balance sheet instruments:    
Commitments to extend credit [1] 13,883,896 13,063,942
Estimated Fair Value    
Financial assets:    
Securities purchased with agreement to resell 1,256,507 [2] 980,543
Securities held-to-maturity [2] 2,432,654 1,188,049
Loans, net [2] 23,927,906 23,223,299
Consumer loans held-for-sale [2] 66,811 46,288
Commercial loans held-for-sale [2] 35,166 17,871
Financial liabilities:    
Deposits and securities sold under agreements to repurchase [2] 31,458,595 30,812,222
Federal Home Loan Bank advances [2] 893,481 1,006,866
Subordinated debt and other borrowings [2] 458,378 479,879
Off-balance sheet instruments:    
Commitments to extend credit [1],[2] $ 25,100 $ 24,351
[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 March 31, 2022 and December 31, 2021, Pinnacle Financial included in other liabilities $23.0 million and $22.5 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 March 31, 2022 and December 31, 2021 are unamortized fees related to these commitments of $2.1 million and $1.9 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.