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Equity method investment
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity method investment
Note 2. Equity method investment

A summary of BHG's financial position as of June 30, 2025 and December 31, 2024 and results of operations as of and for the three and six months ended June 30, 2025 and 2024, were as follows (in thousands):
 As of
 June 30, 2025December 31, 2024
Assets$3,824,673 $3,784,225 
Liabilities3,404,331 3,257,078 
Equity interests420,342 527,147 
Total liabilities and equity$3,824,673 $3,784,225 
 For the three months ended
June 30,		For the six months ended
June 30,
 2025202420252024
Revenues$270,137 $228,808 $510,800 $506,068 
Net income$51,424 $38,762 $95,570 $71,565 

At June 30, 2025 and December 31, 2024, technology, trade name and customer relationship intangibles associated with Pinnacle Bank's investment in BHG, net of related amortization, totaled $5.6 million and $5.7 million, respectively. Amortization expense of $41,000 and $81,000, respectively, was included for the three and six months ended June 30, 2025 compared to $59,000 and $118,000, respectively, for the same periods in the prior year. Accretion income of $26,000 and $55,000, respectively, was included in the three and six months ended June 30, 2025 compared to $35,000 and $74,000, respectively, for the same periods in the prior year.
During the three and six months ended June 30, 2025, Pinnacle Bank received dividends of $77.2 million and $102.1 million, respectively, from BHG compared to $43.3 million and $46.9 million, respectively, received during the three and six months ended June 30, 2024. Earnings from BHG are included in Pinnacle Financial's consolidated tax return. Profits from intercompany transactions are eliminated. During the three and six months ended June 30, 2025 and 2024, Pinnacle Bank purchased no loans from BHG. At June 30, 2025 and December 31, 2024, there were $132.1 million and $161.7 million, respectively, of BHG joint venture program loans held by Pinnacle Bank. These loans were purchased from BHG by Pinnacle Bank at par and BHG and Pinnacle Bank share proportionately in the credit risk of the acquired loans based on the rate on the loan and the rate of the purchase. The yield on this portfolio to Pinnacle Bank is between 4.50% and 6.00% per annum. During the three and six months ended June 30, 2025, Pinnacle Bank sold no BHG joint venture program loans back to BHG. During the three and six months ended June 30, 2024, Pinnacle Bank sold $20.5 million of BHG joint venture program loans back to BHG at par.