Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments [Abstract]

Summary of Interest Rate Swaps

A summary of Pinnacle Financial's interest rate swaps related to customers as of March 31, 2014 and December 31, 2013 is included in the following table (in thousands):

	March 31, 2014					December 31, 2013
	Notional Amount		Estimated Fair Value			Notional Amount		Estimated Fair Value
Interest rate swap agreements:
Pay fixed / receive variable swaps	$	280,806	$	13,099		$	294,486	$	13,296
Pay variable / receive fixed swaps		280,806		(13,476	)		294,486		(13,670	)
Total	$	561,612	$	(377	)	$	588,972	$	(374	)

Pinnacle Financial has a forward cash flow hedge relationship to manage future interest rate exposure.The hedging strategy converts the LIBOR based variable interest rate on forecasted borrowings to a fixed interest rate and protects Pinnacle Financial from floating interest rate variability.  The terms of the individual contracts within the relationship are as follows (in thousands):

								March 31, 2014				December 31, 2013
	Forecasted Notional Amount		Variable Interest Rate(1)	Fixed Interest Rate(1)			Term(2)	Asset/ (Liabilities)		Unrealized Gain in Accumulated Other Comprehensive Income		Asset/ (Liabilities)		Unrealized Gain in Accumulated Other Comprehensive Income
Interest Rate Swap	$	33,000	3 month LIBOR		1.428	%	April 2015-April 2018	$	380	$	231	$	463	$	281
Interest Rate Swap		33,000	3 month LIBOR		1.857	%	Oct. 2015-April 2019		627	$	381		837		509
Interest Rate Swap		33,000	3 month LIBOR		1.996	%	Oct. 2015-Oct. 2019		717	$	436		1,007		612
Interest Rate Swap		33,000	3 month LIBOR		2.265	%	April 2016-April 2020		798	$	485		1,172		712
Interest Rate Swap		33,000	3 month LIBOR		2.646	%	April 2016-April 2022		1,114	$	677		1,818		1,105
Interest Rate Swap		33,000	3 month LIBOR		2.523	%	Oct. 2016-Oct. 2020		838	$	509		1,307		795
	$	198,000						$	4,474	$	$ 2,719	$	6,604	$	4,014

(1) Pinnacle Financial will pay the fixed interest rate and the counterparties pay Pinnacle Financial the variable rate.

(2) No cash will be exchanged prior to the term.