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Premises and Equipment and Lease Commitments (Tables)
 12 Months Ended
Dec. 31, 2023
Premises and Equipment and Lease Commitments [Abstract]  
Schedule of Premises and Equipment
Premises and equipment at December 31, 2023 and 2022 are summarized as follows (in thousands):

 
 Range of Useful Lives
20232022
LandNot applicable$36,528 $71,741 
Buildings15 years-30 years103,919 206,434 
Leasehold improvements14 years-35 years74,606 62,209 
Furniture and equipment3 years-20 years183,919 144,979 
  398,972 485,363 
Less: accumulated depreciation and amortization 142,095 157,478 
   $256,877 $327,885 
Schedule of Lease Assets and Liabilities
Right-of-use assets and lease liabilities relating to Pinnacle Financial's operating and finance leases are as follows at December 31, 2023 and 2022 (in thousands):
December 31, 2023December 31, 2022
Right-of-use assets:
Operating leases$296,272 $126,767 
Finance leases1,092 1,318 
Total right-of-use assets$297,364 $128,085 
Lease liabilities:
Operating leases$304,944 $133,108 
Finance leases2,146 2,458 
Total lease liabilities$307,090 $135,566 
Schedule of Lease Costs and Other Information
The total lease cost related to operating leases and short term leases is recognized on a straight-line basis over the lease term. For finance leases, right-of-use assets are amortized on a straight-line basis over the lease term and interest imputed on the lease liability is recognized using the effective interest method. The components of Pinnacle Financial's total lease cost were as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands):
For the years ended December 31,
202320222021
Operating lease cost$30,913 $18,292 $15,696 
Short-term lease cost349 401 297 
Finance lease cost:
Interest on lease liabilities167 189 208 
Amortization of right-of-use asset226 226 226 
Sublease income(1,365)(1,357)(1,309)
Net lease cost$30,290 $17,751 $15,118 

The weighted average remaining lease term and weighted average discount rate for operating and finance leases at December 31, 2023 and 2022 are as follows:
December 31, 2023December 31, 2022
Weighted average remaining lease term
Operating leases12.00 years10.44 years
Finance leases4.84 years5.84 years
Weighted average discount rate
Operating leases4.29 %3.11 %
Finance leases7.22 %7.22 %

Cash flows related to operating and finance leases during the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
For the years ended December 31,
202320222021
Operating cash flows related to operating leases$28,614 $16,956 $14,712 
Operating cash flows related to finance leases$167 $189 $208 
Financing cash flows related to finance leases$311 $281 $261 
Schedule of Future Minimum Finance Lease Payments
Future undiscounted lease payments for operating and finance leases with initial terms of more than 12 months are as follows at December 31, 2023 (in thousands):
Operating LeasesFinance Leases
2024$36,814 $527 
202535,058 527 
202632,687 527 
202731,623 527 
202831,133 439 
Thereafter230,286 — 
Total undiscounted lease payments397,601 2,547 
Less: imputed interest(92,657)(401)
Net lease liabilities$304,944 $2,146 
Schedule of Future Minimum Operating Lease Payments
Future undiscounted lease payments for operating and finance leases with initial terms of more than 12 months are as follows at December 31, 2023 (in thousands):
Operating LeasesFinance Leases
2024$36,814 $527 
202535,058 527 
202632,687 527 
202731,623 527 
202831,133 439 
Thereafter230,286 — 
Total undiscounted lease payments397,601 2,547 
Less: imputed interest(92,657)(401)
Net lease liabilities$304,944 $2,146