XML 68 R37.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Loans and Allowance for Loan Losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loans at December 31, 2024 and 2023 were as follows (in thousands):
|  | December 31, 2024 |  | December 31, 2023
Commercial real estate: |  |  |  |
Owner-occupied |  | $ | 4,388,531 |  | $ | 4,044,896
Non-owner occupied |  | 8,130,118 |  | 7,535,494
Consumer real estate – mortgage |  | 4,914,482 |  | 4,851,531
Construction and land development |  | 3,699,321 |  | 4,041,081
Commercial and industrial |  | 13,815,817 |  | 11,666,691
Consumer and other |  | 537,507 |  | 536,398
Subtotal |  | $ | 35,485,776 |  |  | $ | 32,676,091 |
Allowance for credit losses |  | (414,494) |  | (353,055)
Loans, net |  | $ | 35,071,282 |  |  | $ | 32,323,036 |
Summary of Amount of Each Loan Classification, Categorized into Each Risk Rating Class | The following tables present loan balances classified within each risk rating category by primary loan type and year of origination or most recent renewal as of December 31, 2024 and 2023, as well as the gross loan charge-offs by primary loan type and year of origination or most recent renewal for the years ended December 31, 2024 and 2023 (in thousands):
December 31, 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans | Total
Commercial real estate- owner occupied |  |  |  |  |  |  |  |
Pass | $ | 759,519 |  | $ | 771,996 |  | $ | 1,064,314 |  | $ | 784,688 |  | $ | 432,886 |  | $ | 439,607 |  | $ | 67,023 |  | $ | 4,320,033 |
Special Mention | 16,638 |  | — |  | 14,231 |  | 3,192 |  | 9,582 |  | 5,032 |  | — |  | 48,675 |
Substandard (1) | 599 |  | 3,983 |  | 900 |  | 337 |  | 59 |  | 198 |  | — |  | 6,076 |
Substandard-nonaccrual | 3,944 |  | 5,393 |  | — |  | 1,003 |  | 1,780 |  | 1,627 |  | — |  | 13,747 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial real estate - owner occupied | $ | 780,700 |  | $ | 781,372 |  | $ | 1,079,445 |  | $ | 789,220 |  | $ | 444,307 |  | $ | 446,464 |  | $ | 67,023 |  | $ | 4,388,531 |
Current period gross charge-offs | $ | — |  | (3,308) |  | (4,480) |  | (1,522) |  | — |  | (94) |  | — |  | $ | (9,404) |
Commercial real estate- Non-owner occupied |  |  |  |  |  |  |  |
Pass | $ | 1,273,096 |  | $ | 862,747 |  | $ | 3,040,361 |  | $ | 1,789,729 |  | $ | 474,094 |  | $ | 449,924 |  | $ | 124,971 |  | $ | 8,014,922 |
Special Mention | 5,970 |  | — |  | 31,783 |  | 29,828 |  | 1,525 |  | 1,827 |  | — |  | 70,933 |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | — |  | 4,627 |  | 114 |  | 38,456 |  | — |  | 1,066 |  | — |  | 44,263 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial real estate - Non-owner occupied | $ | 1,279,066 |  | $ | 867,374 |  | $ | 3,072,258 |  | $ | 1,858,013 |  | $ | 475,619 |  | $ | 452,817 |  | $ | 124,971 |  | $ | 8,130,118 |
Current period gross charge-offs | $ | (1,347) |  | (9,331) |  | — |  | (2,000) |  | — |  | — |  | — |  | $ | (12,678) |
Consumer real estate – mortgage |  |  |  |  |  |  |  |
Pass | $ | 397,681 |  | $ | 487,027 |  | $ | 879,118 |  | $ | 972,489 |  | $ | 397,775 |  | $ | 428,832 |  | $ | 1,312,971 |  | $ | 4,875,893 |
Special Mention | — |  | — |  | — |  | 367 |  | — |  | — |  | — |  | 367 |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | 395 |  | 6,146 |  | 6,918 |  | 6,588 |  | 1,810 |  | 14,720 |  | 1,645 |  | 38,222 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer real estate – mortgage | $ | 398,076 |  | $ | 493,173 |  | $ | 886,036 |  | $ | 979,444 |  | $ | 399,585 |  | $ | 443,552 |  | $ | 1,314,616 |  | $ | 4,914,482 |
Current period gross charge-offs | $ | — |  | (166) |  | (533) |  | (148) |  | (42) |  | (83) |  | (126) |  | $ | (1,098) |
Construction and land development |  |  |  |  |  |  |  |
Pass | $ | 1,052,892 |  | $ | 586,930 |  | $ | 1,589,567 |  | $ | 347,539 |  | $ | 7,415 |  | $ | 7,992 |  | $ | 77,014 |  | $ | 3,669,349 |
Special Mention | 2,464 |  | — |  | — |  | 25,121 |  | — |  | — |  | — |  | 27,585 |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | 475 |  | 1,912 |  | — |  | — |  | — |  | — |  | — |  | 2,387 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Construction and land development | $ | 1,055,831 |  | $ | 588,842 |  | $ | 1,589,567 |  | $ | 372,660 |  | $ | 7,415 |  | $ | 7,992 |  | $ | 77,014 |  | $ | 3,699,321 |
Current period gross charge-offs | $ | — |  | — |  | — |  | — |  | (10) |  | — |  | — |  | $ | (10) |
Commercial and industrial |  |  |  |  |  |  |  |
Pass | $ | 4,334,110 |  | $ | 1,877,507 |  | $ | 1,553,642 |  | $ | 782,366 |  | $ | 223,143 |  | $ | 232,580 |  | $ | 4,441,222 |  | $ | 13,444,570 |
Special Mention | 60,125 |  | 99,687 |  | 44,986 |  | 2,519 |  | 714 |  | 677 |  | 73,126 |  | 281,834 |
Substandard (1) | 5,998 |  | 2,624 |  | 18,843 |  | 5 |  | 17 |  | 8,693 |  | 4,658 |  | 40,838 |
Substandard-nonaccrual | 2,838 |  | 11,226 |  | 12,311 |  | 19,228 |  | 554 |  | 767 |  | 1,651 |  | 48,575 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial and industrial | $ | 4,403,071 |  | $ | 1,991,044 |  | $ | 1,629,782 |  | $ | 804,118 |  | $ | 224,428 |  | $ | 242,717 |  | $ | 4,520,657 |  | $ | 13,815,817 |
Current period gross charge-offs | $ | (1,600) |  | (11,616) |  | (15,854) |  | (15,012) |  | (1,496) |  | (1,437) |  | (16,237) |  | $ | (63,252) |
Consumer and other |  |  |  |  |  |  |  |
Pass | $ | 109,143 |  | $ | 26,333 |  | $ | 27,121 |  | $ | 43,271 |  | $ | 24,089 |  | $ | 663 |  | $ | 306,256 |  | $ | 536,876 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | 541 |  | — |  | 25 |  | 39 |  | — |  | — |  | 26 |  | 631 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer and other | $ | 109,684 |  | $ | 26,333 |  | $ | 27,146 |  | $ | 43,310 |  | $ | 24,089 |  | $ | 663 |  | $ | 306,282 |  | $ | 537,507 |
Current period gross charge-offs | $ | (91) |  | (717) |  | (279) |  | (4,314) |  | (1,923) |  | (262) |  | (5,177) |  | $ | (12,763) |
Total loans |  |  |  |  |  |  |  |
December 31, 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans | Total
Pass | $ | 7,926,441 |  | $ | 4,612,540 |  | $ | 8,154,123 |  | $ | 4,720,082 |  | $ | 1,559,402 |  | $ | 1,559,598 |  | $ | 6,329,457 |  | $ | 34,861,643 |
Special Mention | 85,197 |  | 99,687 |  | 91,000 |  | 61,027 |  | 11,821 |  | 7,536 |  | 73,126 |  | 429,394 |
Substandard (1) | 6,597 |  | 6,607 |  | 19,743 |  | 342 |  | 76 |  | 8,891 |  | 4,658 |  | 46,914 |
Substandard-nonaccrual | 8,193 |  | 29,304 |  | 19,368 |  | 65,314 |  | 4,144 |  | 18,180 |  | 3,322 |  | 147,825 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total loans | $ | 8,026,428 |  | $ | 4,748,138 |  | $ | 8,284,234 |  | $ | 4,846,765 |  | $ | 1,575,443 |  | $ | 1,594,205 |  | $ | 6,410,563 |  | $ | 35,485,776 |
Current period gross charge-offs | $ | (3,038) |  | $ | (25,138) |  | $ | (21,146) |  | $ | (22,996) |  | $ | (3,471) |  | $ | (1,876) |  | $ | (21,540) |  | $ | (99,205) |
December 31, 2023 | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Total
Commercial real estate- owner occupied |  |  |  |  |  |  |  |
Pass | $ | 785,834 |  | $ | 1,123,425 |  | $ | 871,389 |  | $ | 502,260 |  | $ | 267,595 |  | $ | 357,339 |  | $ | 56,680 |  | $ | 3,964,522 |
Special Mention | 1,595 |  | 37,324 |  | 5,300 |  | 2,252 |  | 5,306 |  | 4,701 |  | — |  | 56,478 |
Substandard (1) | 5,528 |  | 9,331 |  | 3,262 |  | 1,145 |  | 568 |  | 610 |  | — |  | 20,444 |
Substandard-nonaccrual | 1,781 |  | 615 |  | 686 |  | 53 |  | — |  | 317 |  | — |  | 3,452 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial real estate - owner occupied | $ | 794,738 |  | $ | 1,170,695 |  | $ | 880,637 |  | $ | 505,710 |  | $ | 273,469 |  | $ | 362,967 |  | $ | 56,680 |  | $ | 4,044,896 |
Prior period gross write-offs | $ | — |  | — |  | — |  | — |  | — |  | — |  | — |  | $ | — |
Commercial real estate- Non-owner occupied |  |  |  |  |  |  |  |
Pass | $ | 1,304,109 |  | $ | 2,682,275 |  | $ | 1,737,275 |  | $ | 713,979 |  | $ | 505,767 |  | $ | 370,420 |  | $ | 107,841 |  | $ | 7,421,666 |
Special Mention | — |  | 30,229 |  | — |  | 6,745 |  | 216 |  | 5,335 |  | — |  | 42,525 |
Substandard (1) | 25,723 |  | 2,969 |  | — |  | — |  | 1,195 |  | 73 |  | — |  | 29,960 |
Substandard-nonaccrual | — |  | 153 |  | 40,180 |  | — |  | — |  | 489 |  | 521 |  | 41,343 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial real estate - Non-owner occupied | $ | 1,329,832 |  | $ | 2,715,626 |  | $ | 1,777,455 |  | $ | 720,724 |  | $ | 507,178 |  | $ | 376,317 |  | $ | 108,362 |  | $ | 7,535,494 |
Prior period gross write-offs | $ | — |  | — |  | — |  | — |  | — |  | — |  | — |  | $ | — |
Consumer real estate – mortgage |  |  |  |  |  |  |  |
Pass | $ | 573,120 |  | $ | 976,006 |  | $ | 1,056,720 |  | $ | 448,420 |  | $ | 207,790 |  | $ | 318,505 |  | $ | 1,253,091 |  | $ | 4,833,652 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | 688 |  | 2,265 |  | 2,951 |  | 2,525 |  | 5,265 |  | 3,671 |  | 514 |  | 17,879 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer real estate – mortgage | $ | 573,808 |  | $ | 978,271 |  | $ | 1,059,671 |  | $ | 450,945 |  | $ | 213,055 |  | $ | 322,176 |  | $ | 1,253,605 |  | $ | 4,851,531 |
Prior period gross write-offs | $ | — |  | (225) |  | (91) |  | (6) |  | (89) |  | (472) |  | — |  | $ | (883) |
Construction and land development |  |  |  |  |  |  |  |
Pass | $ | 1,153,137 |  | $ | 1,930,062 |  | $ | 884,060 |  | $ | 12,102 |  | $ | 5,580 |  | $ | 6,369 |  | $ | 41,886 |  | $ | 4,033,196 |
Special Mention | 2,728 |  | — |  | — |  | 4,467 |  | — |  | — |  | — |  | 7,195 |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | 82 |  | — |  | 82 |
Substandard-nonaccrual | — |  | 608 |  | — |  | — |  | — |  | — |  | — |  | 608 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Construction and land development | $ | 1,155,865 |  | $ | 1,930,670 |  | $ | 884,060 |  | $ | 16,569 |  | $ | 5,580 |  | $ | 6,451 |  | $ | 41,886 |  | $ | 4,041,081 |
Prior period gross write-offs | $ | — |  | — |  | — |  | — |  | — |  | (3) |  | — |  | $ | (3) |
Commercial and industrial |  |  |  |  |  |  |  |
Pass | $ | 3,778,326 |  | $ | 2,103,473 |  | $ | 1,127,096 |  | $ | 325,176 |  | $ | 215,158 |  | $ | 142,806 |  | $ | 3,753,575 |  | $ | 11,445,610 |
Special Mention | 11,125 |  | 22,806 |  | 12,457 |  | 532 |  | 144 |  | 1,847 |  | 45,025 |  | 93,936 |
Substandard (1) | 10,142 |  | 2,243 |  | 25,311 |  | 145 |  | 359 |  | 9,028 |  | 60,986 |  | 108,214 |
Substandard-nonaccrual | 10,436 |  | 4,193 |  | 1,583 |  | 409 |  | 359 |  | 735 |  | 1,215 |  | 18,930 |
Doubtful-nonaccrual | — |  | — |  | — |  | 1 |  | — |  | — |  | — |  | 1 |
Total Commercial and industrial | $ | 3,810,029 |  | $ | 2,132,715 |  | $ | 1,166,447 |  | $ | 326,263 |  | $ | 216,020 |  | $ | 154,416 |  | $ | 3,860,801 |  | $ | 11,666,691 |
Prior period gross write-offs | $ | (3,428) |  | (24,114) |  | (13,857) |  | (3,309) |  | (111) |  | (455) |  | (15,268) |  | $ | (60,542) |
December 31, 2023 | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans | Total
Consumer and other |  |  |  |  |  |  |  |
Pass | $ | 136,809 |  | $ | 28,774 |  | $ | 66,126 |  | $ | 37,015 |  | $ | 541 |  | $ | 656 |  | $ | 266,402 |  | $ | 536,323 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard (1) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Substandard-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | 75 |  | 75 |
Doubtful-nonaccrual | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer and other | $ | 136,809 |  | $ | 28,774 |  | $ | 66,126 |  | $ | 37,015 |  | $ | 541 |  | $ | 656 |  | $ | 266,477 |  | $ | 536,398 |
Prior period gross write-offs | $ | (151) |  | (629) |  | (6,377) |  | (2,808) |  | (235) |  | (110) |  | (4,987) |  | $ | (15,297) |
Total loans |  |  |  |  |  |  |  |
Pass | $ | 7,731,335 |  | $ | 8,844,015 |  | $ | 5,742,666 |  | $ | 2,038,952 |  | $ | 1,202,431 |  | $ | 1,196,095 |  | $ | 5,479,475 |  | $ | 32,234,969 |
Special Mention | 15,448 |  | 90,359 |  | 17,757 |  | 13,996 |  | 5,666 |  | 11,883 |  | 45,025 |  | 200,134 |
Substandard (1) | 41,393 |  | 14,543 |  | 28,573 |  | 1,290 |  | 2,122 |  | 9,793 |  | 60,986 |  | 158,700 |
Substandard-nonaccrual | 12,905 |  | 7,834 |  | 45,400 |  | 2,987 |  | 5,624 |  | 5,212 |  | 2,325 |  | 82,287 |
Doubtful-nonaccrual | — |  | — |  | — |  | 1 |  | — |  | — |  | — |  | 1 |
Total loans | $ | 7,801,081 |  | $ | 8,956,751 |  | $ | 5,834,396 |  | $ | 2,057,226 |  | $ | 1,215,843 |  | $ | 1,222,983 |  | $ | 5,587,811 |  | $ | 32,676,091 |
Prior period gross write-offs | $ | (3,579) |  | $ | (24,968) |  | $ | (20,325) |  | $ | (6,123) |  | $ | (435) |  | $ | (1,040) |  | $ | (20,255) |  | $ | (76,725) |
(1) Potential problem loans represent those loans with a well-defined weakness and where information about possible credit problems of borrowers has caused management to have doubts about the borrower's ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by Pinnacle Bank's primary regulators for loans classified as substandard, excluding loan modifications made to borrowers experiencing financial difficulty. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $46.9 million at December 31, 2024, compared to $127.4 million at December 31, 2023
Past Due Balances by Loan Classification | The table below presents the aging of past due balances by loan segment at December 31, 2024 and 2023 (in thousands):
| 30-59 days past due |  | 60-89 days past due |  | 90 days or more past due |  | Total past due |  | Current |  | Total loans
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
Owner-occupied | $ | 7,857 |  |  | $ | 2,726 |  |  | $ | 10,089 |  |  | $ | 20,672 |  |  | $ | 4,367,859 |  |  | $ | 4,388,531 |
Non-owner occupied | 1,217 |  |  | — |  |  | 39,469 |  |  | 40,686 |  |  | 8,089,432 |  |  | 8,130,118 |
Consumer real estate – mortgage | 19,986 |  |  | 1,621 |  |  | 20,615 |  |  | 42,222 |  |  | 4,872,260 |  |  | 4,914,482 |
Construction and land development | 125 |  |  | — |  |  | 1,541 |  |  | 1,666 |  |  | 3,697,655 |  |  | 3,699,321 |
Commercial and industrial | 15,992 |  |  | 8,515 |  |  | 31,077 |  |  | 55,584 |  |  | 13,760,233 |  |  | 13,815,817 |
Consumer and other | 2,592 |  |  | 1,500 |  |  | 1,160 |  |  | 5,252 |  |  | 532,255 |  |  | 537,507 |
Total | $ | 47,769 |  |  | $ | 14,362 |  |  | $ | 103,951 |  |  | $ | 166,082 |  |  | $ | 35,319,694 |  |  | $ | 35,485,776 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
Owner-occupied | $ | 1,671 |  |  | $ | 507 |  |  | $ | 3,398 |  |  | $ | 5,576 |  |  | $ | 4,039,320 |  |  | $ | 4,044,896 |
Non-owner occupied | 40,577 |  |  | 489 |  |  | 153 |  |  | 41,219 |  |  | 7,494,275 |  |  | 7,535,494 |
Consumer real estate – mortgage | 21,585 |  |  | 1,352 |  |  | 10,824 |  |  | 33,761 |  |  | 4,817,770 |  |  | 4,851,531 |
Construction and land development | 621 |  |  | 28 |  |  | 608 |  |  | 1,257 |  |  | 4,039,824 |  |  | 4,041,081 |
Commercial and industrial | 14,197 |  |  | 28,221 |  |  | 16,890 |  |  | 59,308 |  |  | 11,607,383 |  |  | 11,666,691 |
Consumer and other | 5,286 |  |  | 1,868 |  |  | 1,496 |  |  | 8,650 |  |  | 527,748 |  |  | 536,398 |
Total | $ | 83,937 |  |  | $ | 32,465 |  |  | $ | 33,369 |  |  | $ | 149,771 |  |  | $ | 32,526,320 |  |  | $ | 32,676,091 |
Details of Changes in the Allowance for Loan Losses | The following table details the changes in the allowance for credit losses on loans from December 31, 2021 to December 31, 2022 to December 31, 2023 to December 31, 2024 by loan classification and the allocation of allowance for credit losses (in thousands):
| Commercial real estate - owner occupied | Commercial real estate - non-owner occupied | Consumer real estate - mortgage | Construction and land development | Commercial and industrial | Consumer and other |  | Total
Allowance for Credit Losses: |  |  |  |  |  |  |  |
Balance at December 31, 2021 | $ | 19,618 |  | $ | 58,504 |  | $ | 32,104 |  | $ | 29,429 |  | $ | 112,340 |  | $ | 11,238 |  |  | $ | 263,233 |
Charged-off loans | (1,413) |  | (185) |  | (651) |  | (150) |  | (39,020) |  | (12,757) |  |  | (54,176) |
Recovery of previously charged-off loans | 2,082 |  | 187 |  | 1,512 |  | 471 |  | 15,687 |  | 7,690 |  |  | 27,629 |
Provision for credit losses on loans | 6,330 |  | (18,027) |  | 3,571 |  | 6,364 |  | 55,346 |  | 10,395 |  |  | 63,979 |
Balance at December 31, 2022 | $ | 26,617 |  | $ | 40,479 |  | $ | 36,536 |  | $ | 36,114 |  | $ | 144,353 |  | $ | 16,566 |  |  | $ | 300,665 |
Charged-off loans | — |  | — |  | (883) |  | (3) |  | (60,542) |  | (15,297) |  |  | (76,725) |
Recovery of previously charged-off loans | 76 |  | 1,632 |  | 2,114 |  | 338 |  | 15,556 |  | 8,403 |  |  | 28,119 |
Provision for credit losses on loans | 1,997 |  | 15,576 |  | 33,587 |  | 2,693 |  | 48,845 |  | (1,702) |  |  | 100,996 |
Balance at December 31, 2023 | $ | 28,690 |  | $ | 57,687 |  | $ | 71,354 |  | $ | 39,142 |  | $ | 148,212 |  | $ | 7,970 |  |  | $ | 353,055 |
Initial allowance on loans purchased with credit deterioration | 2,815 |  | — |  | 543 |  | — |  | 10,757 |  | — |  |  | 14,115 |
Charged-off loans | (9,404) |  | (12,678) |  | (1,098) |  | (10) |  | (63,252) |  | (12,763) |  |  | (99,205) |
Recovery of previously charged-off loans | 162 |  | 48 |  | 1,067 |  | 9 |  | 13,540 |  | 6,114 |  |  | 20,940 |
Provision for credit losses on loans | 14,734 |  | 35,597 |  | 8,176 |  | (5,521) |  | 65,542 |  | 7,061 |  |  | 125,589 |
Balance at December 31, 2024 | $ | 36,997 |  | $ | 80,654 |  | $ | 80,042 |  | $ | 33,620 |  | $ | 174,799 |  | $ | 8,382 |  |  | $ | 414,494 |
Schedule of Collateral Dependent Loans Individually Evaluated for ACL | The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, as of December 31, 2024 and 2023 (in thousands):
| Real Estate | Business Assets | Other | Total
December 31, 2024 |  |  |  |
Commercial real estate: |  |  |  |
Owner-occupied | $ | 17,486 |  | $ | — |  | $ | — |  | $ | 17,486 |
Non-owner occupied | 46,745 |  | — |  | — |  | 46,745 |
Consumer real estate – mortgage | 40,795 |  | — |  | — |  | 40,795 |
Construction and land development | 2,441 |  | — |  | — |  | 2,441 |
Commercial and industrial | — |  | 63,626 |  | 752 |  | 64,378 |
Consumer and other | — |  | — |  | 23 |  | 23 |
Total | $ | 107,467 |  | $ | 63,626 |  | $ | 775 |  | $ | 171,868 |
December 31, 2023 |  |  |  |
Commercial real estate: |  |  |  |
Owner-occupied | $ | 22,284 |  | $ | — |  | $ | — |  | $ | 22,284 |
Non-owner occupied | 69,577 |  | — |  | — |  | 69,577 |
Consumer real estate – mortgage | 20,389 |  | — |  | — |  | 20,389 |
Construction and land development | 668 |  | — |  | — |  | 668 |
Commercial and industrial | — |  | 31,625 |  | 552 |  | 32,177 |
Consumer and other | — |  | — |  | — |  | — |
Total | $ | 112,918 |  | $ | 31,625 |  | $ | 552 |  | $ | 145,095 |
Financing Receivable, Nonaccrual | The table below presents the amortized cost basis of loans on nonaccrual status and loans past due 90 or more days and still accruing interest at December 31, 2024 and 2023. Also presented is the balance of loans on nonaccrual status at December 31, 2024 and 2023 for which there was no related allowance for credit losses recorded (in thousands):
| December 31, 2024 |  | December 31, 2023
| Total nonaccrual loans |  | Nonaccrual loans with no allowance for credit losses |  | Loans past due 90 or more days and still accruing |  | Total nonaccrual loans |  | Nonaccrual loans with no allowance for credit losses |  | Loans past due 90 or more days and still accruing
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
Owner-occupied | $ | 13,747 |  |  | $ | 6,614 |  |  | $ | — |  |  | $ | 3,452 |  |  | $ | 122 |  |  | $ | — |
Non-owner occupied | 44,263 |  |  | 4,152 |  |  | — |  |  | 41,343 |  |  | 40,669 |  |  | — |
Consumer real estate – mortgage | 38,222 |  |  | 1,376 |  |  | 23 |  |  | 17,879 |  |  | — |  |  | 781 |
Construction and land development | 2,387 |  |  | 319 |  |  | — |  |  | 608 |  |  | — |  |  | — |
Commercial and industrial | 48,575 |  |  | 19,715 |  |  | 2,873 |  |  | 18,931 |  |  | 519 |  |  | 3,802 |
Consumer and other | 631 |  |  | — |  |  | 619 |  |  | 75 |  |  | — |  |  | 1,421 |
Total | $ | 147,825 |  |  | $ | 32,176 |  |  | $ | 3,515 |  |  | $ | 82,288 |  |  | $ | 41,310 |  |  | $ | 6,004 |
Modifications | The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023, disaggregated by class of loans and type of modification granted and describes the financial effect of the modifications made to borrowers experiencing financial difficulty (in thousands):
| December 31, 2024
| Combination
| Amortized Cost Basis | % of Total Loan Type | Financial Effect
Commercial real estate: |  |  |
Owner occupied | $ | — |  | — | % |
Non-owner occupied | — |  | — | % |
Consumer real estate – mortgage | — |  | — | % |
Construction and land development | — |  | — | % |
Commercial and industrial | 14,777 |  | 0.11 | % | Reduced the weighted average contractual interest rate by 0.5% and added a weighted average 1.92 years to the term
Consumer and other | — |  | — | % |
Total | $ | 14,777 |  |  |
| December 31, 2023
| Payment Delay | Term Extension | Combination¹ |
| Amortized Cost Basis | % of Total Loan Type | Amortized Cost Basis | % of Total Loan Type | Amortized Cost Basis | % of Total Loan Type | Total
Commercial real estate: |  |  |  |  |  |  |
Owner-occupied | $ | — |  | — | % | $ | 5,528 |  | 0.14 | % | $ | — |  | — | % | $ | 5,528 |
Non-owner occupied | 12,244 |  | 0.16 | % | — |  | — | % | 13,479 |  | 0.18 | % | 25,723 |
Consumer real estate – mortgage | — |  | — | % | — |  | — | % | — |  | — | % | — |
Construction and land development | — |  | — | % | — |  | — | % | — |  | — | % | — |
Commercial and industrial | — |  | — | % | 3,226 |  | 0.03 | % | — |  | — | % | 3,226 |
Consumer and other | — |  | — | % | — |  | — | % | — |  | — | % | — |
| $ | 12,244 |  |  | $ | 8,754 |  |  | $ | 13,479 |  |  | $ | 34,477 |
¹ The combination includes payment delay, term extension, and an interest rate reduction
| December 31, 2023
| Financial Effect
Payment Delay: |
Non-owner occupied | Implemented interest-only payments until loan maturity
Term Extension: |
Owner-occupied | Added a weighted average 0.46 years to the term of the modified loans
Commercial and industrial | Added a weighted average 0.25 years to the term of the modified loans
Combination: |
Non-owner occupied | Reduced weighted average contractual interest rate by 0.55%, added a weighted average 2 years to the term, and implemented an alternative payment schedule until loan maturity
During the year ended December 31, 2024, no loans experienced a payment default subsequent to being granted a modification in the prior twelve months. Pinnacle Financial charged off $2.8 million of owner occupied commercial real estate loans and $10.4 million of non-owner occupied commercial real estate loans that were previously modified during the year ended December 31, 2023 and subsequently defaulted during the year ended December 31, 2024. The table below presents the aging of past due balances as of December 31, 2024 and 2023 of loans made to borrowers experiencing financial difficulty that were modified in the previous twelve months:
December 31, 2024 | 30-59 days past due | 60-89 days past due | 90 days or more past due | Current | Total modified loans
Commercial real estate: |  |  |  |  |
Owner occupied | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Non-owner occupied | — |  | — |  | — |  | — |  | — |
Consumer real estate – mortgage | — |  | — |  | — |  | — |  | — |
Construction and land development | — |  | — |  | — |  | — |  | — |
Commercial and industrial | — |  | — |  | — |  | 14,777 |  | 14,777 |
Consumer and other | — |  | — |  | — |  | — |  | — |
Total | $ | — |  | $ | — |  | $ | — |  | $ | 14,777 |  | $ | 14,777 |
December 31, 2023 | 30-59 days past due | 60-89 days past due | 90 days or more past due | Current | Total modified loans
Commercial real estate: |  |  |  |  |
Owner occupied | $ | — |  | $ | — |  | $ | — |  | $ | 5,528 |  | $ | 5,528 |
Non-owner occupied | — |  | — |  | — |  | 25,723 |  | 25,723 |
Consumer real estate – mortgage | — |  | — |  | — |  | — |  | — |
Construction and land development | — |  | — |  | — |  | — |  | — |
Commercial and industrial | — |  | 3,226 |  | — |  | — |  | 3,226 |
Consumer and other | — |  | — |  | — |  | — |  | — |
Total | $ | — |  | $ | 3,226 |  | $ | — |  | $ | 31,251 |  | $ | 34,477 |
Summary of Loan Portfolio Credit Risk Exposure | Pinnacle Financial analyzes its commercial loan portfolio to determine if a concentration of credit risk exists to any industries. Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Pinnacle Financial had a credit exposure (loans outstanding plus unfunded lines of credit) exceeding 25% of Pinnacle Bank's total risk-based capital to borrowers in the following industries at December 31, 2024 with the comparative exposures at December 31, 2023 (in thousands):
| At December 31, 2024 |  |
| Outstanding Principal Balances |  | Unfunded Commitments |  | Total exposure |  | Total Exposure at December 31, 2023
Lessors of nonresidential buildings | $ | 4,623,927 |  |  | $ | 815,849 |  |  | $ | 5,439,776 |  |  | $ | 5,916,335 |
Lessors of residential buildings | 2,389,231 |  |  | 481,996 |  |  | 2,871,227 |  |  | 3,179,041 |
New housing for-sale builders | 574,998 |  |  | 819,496 |  |  | 1,394,494 |  |  | 1,396,653 |
Music publishers | 786,104 |  |  | 328,001 |  |  | 1,114,105 |  |  | 1,219,781 |
Total | $ | 8,374,260 |  |  | $ | 2,445,342 |  |  | $ | 10,819,602 |  |  | $ | 11,711,810 |
Purchased Loans, BHG | During the year ended December 31, 2024, Pinnacle Bank purchased loans from BHG, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. See Note 2. Equity Method Investment for additional details on such purchase. The following table denotes the carrying amount of those loans (in thousands):
|  | December 31, 2024
Purchase price of loans at acquisition |  | $ | 24,157 |
Allowance for credit losses at acquisition |  | 14,115 |
Non-credit discount/(premium) at acquisition |  | — |
Par value of acquired loans at acquisition |  | $ | 10,042 |

X
- Definition Purchased Loans, BHG + References No definition available. + Details
Name: | pnfp_PurchasedLoansBHGTableTextBlock
Namespace Prefix: | pnfp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Collateral Dependent Loans Individually Evaluated for ACL + References No definition available. + Details
Name: | pnfp_ScheduleOfCollateralDependentLoansIndividuallyEvaluatedForACLTableTextBlock
Namespace Prefix: | pnfp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of commercial loan portfolio for determining the existence of credit risk to industries. + References No definition available. + Details
Name: | pnfp_ScheduleOfCommercialLoanPortfolioTableTextBlock
Namespace Prefix: | pnfp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-34 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-33 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration