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Other borrowings (Tables) | 3 Months Ended
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Mar. 31, 2025
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 from time to time Pinnacle Financial has entered into certain other subordinated debt agreements. These instruments are outlined below as of March 31, 2025 (in thousands):
Name | Date Established | Maturity | Total Debt Outstanding | Interest Rate at March 31, 2025 | Coupon Structure at March 31, 2025
Trust preferred securities |  |  |  |
PNFP Statutory Trust I | December 29, 2003 | December 30, 2033 | $ | 10,310 |  | 7.36 | % | 3-month SOFR + 2.80% (1)
PNFP Statutory Trust II | September 15, 2005 | September 30, 2035 | 20,619 |  | 5.96 | % | 3-month SOFR + 1.40% (1)
PNFP Statutory Trust III | September 7, 2006 | September 30, 2036 | 20,619 |  | 6.21 | % | 3-month SOFR + 1.65% (1)
PNFP Statutory Trust IV | October 31, 2007 | September 30, 2037 | 30,928 |  | 7.41 | % | 3-month SOFR + 2.85% (1)
BNC Capital Trust I | April 3, 2003 | April 15, 2033 | 5,155 |  | 7.81 | % | 3-month SOFR + 3.25% (1)
BNC Capital Trust II | March 11, 2004 | April 7, 2034 | 6,186 |  | 7.41 | % | 3-month SOFR + 2.85% (1)
BNC Capital Trust III | September 23, 2004 | September 23, 2034 | 5,155 |  | 6.96 | % | 3-month SOFR + 2.40% (1)
BNC Capital Trust IV | September 27, 2006 | December 31, 2036 | 7,217 |  | 6.26 | % | 3-month SOFR + 1.70% (1)
Valley Financial Trust I | June 26, 2003 | June 26, 2033 | 4,124 |  | 7.66 | % | 3-month SOFR + 3.10% (1)
Valley Financial Trust II | September 26, 2005 | December 15, 2035 | 7,217 |  | 6.05 | % | 3-month SOFR + 1.49% (1)
Valley Financial Trust III | December 15, 2006 | January 30, 2037 | 5,155 |  | 6.28 | % | 3-month SOFR + 1.73% (1)
Southcoast Capital Trust III | August 5, 2005 | September 30, 2035 | 10,310 |  | 6.06 | % | 3-month SOFR + 1.50% (1)
Subordinated Debt |  |  |  |
Pinnacle Financial Subordinated Notes | September 11, 2019 | September 15, 2029 | 300,000 |  | 7.34 | % | 3-month SOFR + 3.04% (2)
Debt issuance costs and fair value adjustments | (6,953) |  |  |
Total subordinated debt and other borrowings | $ | 426,042 |  |  |
(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 long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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