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Federal Home Loan Bank Advances (Tables)
 12 Months Ended
Dec. 31, 2022
Advance from Federal Home Loan Bank [Abstract]  
Scheduled Maturities of Advances and Interest Rates
At December 31, 2022 and 2021, Pinnacle Bank had outstanding advances from the FHLB totaling approximately $464.4 million and $888.7 million, respectively. The scheduled maturities of FHLB advances at December 31, 2022 and interest rates are as follows (in thousands):
 Scheduled maturities
Weighted average interest rates(1)
2023$— — %
2024— — %
2025116,250 4.85 %
2026— — %
2027— — %
Thereafter350,012 2.36 %
466,262 
Deferred costs(1,826)
Total Federal Home Loan Bank advances$464,436 
Weighted average interest rate 2.98 %
(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, 2022.