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Other borrowings Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Subordinated Debt [Abstract] |
Schedule of Maturities of Long-term Debt | 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 Pinnacle Financial has entered into certain other subordinated debt agreements. These instruments are outlined below as of December 31, 2024 (in thousands):
Name | Date Established | Maturity | Total Debt Outstanding | Interest Rate at December 31, 2024 | Coupon Structure
Trust preferred securities |  |  |  |  |
Pinnacle Statutory Trust I | December 29, 2003 | December 30, 2033 | $ | 10,310 |  | 7.41 | % | 3-month SOFR + 2.80%(1)
Pinnacle Statutory Trust II | September 15, 2005 | September 30, 2035 | 20,619 |  | 5.99 | % | 3-month SOFR + 1.40%(1)
Pinnacle Statutory Trust III | September 07, 2006 | September 30, 2036 | 20,619 |  | 6.24 | % | 3-month SOFR + 1.65%(1)
Pinnacle Statutory Trust IV | October 31, 2007 | September 30, 2037 | 30,928 |  | 7.47 | % | 3-month SOFR + 2.85%(1)
BNC Capital Trust I | April 03, 2003 | April 15, 2033 | 5,155 |  | 8.17 | % | 3-month SOFR + 3.25%(1)
BNC Capital Trust II | March 11, 2004 | April 07, 2034 | 6,186 |  | 7.77 | % | 3-month SOFR + 2.85%(1)
BNC Capital Trust III | September 23, 2004 | September 23, 2034 | 5,155 |  | 7.32 | % | 3-month SOFR + 2.40%(1)
BNC Capital Trust IV | September 27, 2006 | December 31, 2036 | 7,217 |  | 6.29 | % | 3-month SOFR + 1.70%(1)
Valley Financial Trust I | June 26, 2003 | June 26, 2033 | 4,124 |  | 7.69 | % | 3-month SOFR + 3.10%(1)
Valley Financial Trust II | September 26, 2005 | December 15, 2035 | 7,217 |  | 6.11 | % | 3-month SOFR + 1.49%(1)
Valley Financial Trust III | December 15, 2006 | January 30, 2037 | 5,155 |  | 6.58 | % | 3-month SOFR + 1.73%(1)
Southcoast Capital Trust III | August 05, 2005 | September 30, 2035 | 10,310 |  | 6.09 | % | 3-month SOFR + 1.50%(1)
Name | Date Established | Maturity | Total Debt Outstanding | Interest Rate at December 31, 2024 | Coupon Structure
Subordinated Debt |  |  |  |  |
Pinnacle Financial Subordinated Notes | September 11, 2019 | September 15, 2029 | 300,000 |  | 7.40 | % | 3-month SOFR + 3.04%(2)
Debt issuance costs and fair value adjustment |  | (7,174) |  |  |
Total subordinated debt and other borrowings |  | $ | 425,821 |  |  |
(1) Rate transitioned to three month 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 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.

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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- References No definition available. + Details
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