Premises and Equipment and Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2017

Premises and Equipment and Lease Commitments [Abstract]

Schedule of Premises and Equipment

Premises and equipment at December 31, 2017 and 2016 are summarized as follows (in thousands):

	Range of Useful Lives	2017			2016
Land	Not applicable	$	65,649		$	19,467
Buildings	15 to 30 years	164,748			64,088
Leasehold improvements	15 to 20 years	38,913			28,789
Furniture and equipment	3 to 20 years	93,841			62,982
		363,151			175,326
Accumulated depreciation and amortization		(97,137		)	(86,422		)
		$	266,014		$	88,904

Schedule of Future Minimum Lease Payments Due Under Operating Leases

Pinnacle Financial has entered into various operating leases, primarily for office space and branch facilities. Rent expense related to these leases for 2017, 2016 and 2015 totaled $11.7 million, $8.4 million and $5.9 million, respectively. At December 31, 2017, the approximate future minimum lease payments due under the aforementioned operating leases for their base term are as follows (in thousands):

2018	$	12,226
2019	11,535
2020	10,949
2021	10,652
2022	8,429
Thereafter	42,857
	$	96,648

Schedule of Future Minimum Lease Payments for Capital Leases

During 2016 and as a result of the acquisition of Avenue, Pinnacle Financial has entered into a single capital lease, primarily for office space at an interest rate of 7.22% per year. Rent expense related to this lease for 2017 was approximately $225,000 and is included in total rent expense above. At December 31, 2017, the approximate future minimum lease payments due under the aforementioned capital lease for its base term are as follows (in thousands):

2018	$	426
2019	470
2020	470
2021	470
2022	470
Thereafter	3,028
Total minimum lease payments	$	5,334
Less: amount representing interest	(1,695		)
Present value of net minimum lease payments	$	3,639