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Other borrowings (Tables)
 9 Months Ended
Sep. 30, 2024
Subordinated Debt [Abstract]  
Schedule of Other Borrowings
Pinnacle Financial has twelve wholly-owned subsidiaries that are statutory business trusts created for the exclusive purpose of issuing 30-year capital trust preferred securities and has entered into certain other subordinated debt agreements. These instruments are outlined below as of September 30, 2024 (in thousands):
NameDate
Established		MaturityTotal Debt OutstandingInterest Rate at September 30, 2024
Coupon Structure at
September 30, 2024
Trust preferred securities   
PNFP Statutory Trust IDecember 29, 2003December 30, 2033$10,310 8.00 %
3-month SOFR + 2.80% (1)
PNFP Statutory Trust IISeptember 15, 2005September 30, 203520,619 6.27 %
3-month SOFR + 1.40% (1)
PNFP Statutory Trust IIISeptember 7, 2006September 30, 203620,619 6.52 %
3-month SOFR + 1.65% (1)
PNFP Statutory Trust IVOctober 31, 2007September 30, 203730,928 8.06 %
3-month SOFR + 2.85% (1)
BNC Capital Trust IApril 3, 2003April 15, 20335,155 8.81 %
3-month SOFR + 3.25% (1)
BNC Capital Trust IIMarch 11, 2004April 7, 20346,186 8.41 %
3-month SOFR + 2.85% (1)
BNC Capital Trust IIISeptember 23, 2004September 23, 20345,155 7.96 %
3-month SOFR + 2.40% (1)
BNC Capital Trust IVSeptember 27, 2006December 31, 20367,217 6.57 %
3-month SOFR + 1.70% (1)
Valley Financial Trust IJune 26, 2003June 26, 20334,124 8.02 %
3-month SOFR + 3.10% (1)
Valley Financial Trust IISeptember 26, 2005December 15, 20357,217 6.70 %
3-month SOFR + 1.49% (1)
Valley Financial Trust IIIDecember 15, 2006January 30, 20375,155 7.25 %
3-month SOFR + 1.73% (1)
Southcoast Capital Trust IIIAugust 5, 2005September 30, 203510,310 6.37 %
3-month SOFR + 1.50% (1)
Subordinated Debt   
Pinnacle Financial Subordinated NotesSeptember 11, 2019September 15, 2029300,000 7.98 %
3-month SOFR + 3.04% (2)
Debt issuance costs and fair value adjustments(7,395) 
Total subordinated debt and other borrowings$425,600  
(1) Rate transitioned to three month term SOFR plus a comparable tenor spread adjustment beginning after July 1, 2023 as three month LIBOR ceased to be published effective July 1, 2023.
(2) Previously was to migrate to three month LIBOR + 2.775%, but migrated to three month CME Term SOFR + 3.04% beginning September 15, 2024 through the end of the term as three month LIBOR ceased to be published effective July 1, 2023.