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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swaps
A summary of Pinnacle Financial's interest rate swaps to facilitate customer transactions as of December 31, 2017 and December 31, 2016 is included in the following table (in thousands):
 
December 31, 2017
 
December 31, 2016
 
Notional
Amount
 
Estimated Fair Value
 
Notional Amount
 
Estimated Fair Value
Interest rate swap agreements:
 
 
 
 
 
 
 
Pay fixed / receive variable swaps
$
748,625

 
$
13,771

 
$
666,572

 
$
16,004

Pay variable / receive fixed swaps
748,625

 
(13,866
)
 
666,572

 
(16,138
)
Total
$
1,497,250

 
$
(95
)
 
$
1,333,144

 
$
(134
)
Schedule of Derivative Instruments
Hedge derivatives

Pinnacle Financial has forward cash flow hedge relationships 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. A summary of Pinnacle Financial's cash flow hedge relationships as of December 31, 2017 and 2016 are as follows (in thousands):
 
 
 
 
         
December 31, 2017
December 31, 2016
 
Forecasted
Notional
Amount
Receive Rate
Pay
Rate
Term(1)
Asset/
(Liabilities)
Unrealized Loss in Accumulated Other Comprehensive Income
Asset/ (Liabilities)
Unrealized Loss in Accumulated Other Comprehensive Income
Interest Rate Swap
$
33,000

3 month LIBOR
2.265
%
April 2016 - April 2020
(146
)
(89
)
(727
)
(442
)
Interest Rate Swap
33,000

3 month LIBOR
2.646
%
April 2016 - April 2022
(647
)
(393
)
(1,304
)
(792
)
Interest Rate Swap
33,000

3 month LIBOR
2.523
%
Oct. 2016 - Oct. 2020
(382
)
(232
)
(1,081
)
(657
)
Interest Rate Swap
33,000

3 month LIBOR
2.992
%
Oct. 2017 - Oct. 2021
(998
)
(606
)
(1,200
)
(729
)
Interest Rate Swap
34,000

3 month LIBOR
3.118
%
April 2018 - July 2022
(1,205
)
(732
)
(1,222
)
(743
)
Interest Rate Swap
34,000

3 month LIBOR
3.158
%
July 2018 - Oct. 2022
(1,205
)
(733
)
(1,198
)
(728
)
 
$
200,000

 
 

 
(4,583
)
(2,785
)
(6,732
)
(4,091
)
 
(1) No cash will be exchanged prior to the beginning of the term.
 
Pinnacle Financial has interest rate swap agreements designated as cash flow hedges intended to protect against the variability of cash flows on selected LIBOR-based loans. The swaps hedge the interest rate risk, wherein Pinnacle Financial receives a fixed rate of interest from a counterparty and pays a variable rate, based on one month LIBOR. The swaps were entered into with a counterparty that met Pinnacle Financial's credit standards and the agreements contain collateral provisions protecting the at-risk party. The following outlines the interest rate swap agreements in place at December 31, 2017 and December 31, 2016 (in thousands):
 
 
 
 
         
December 31, 2017
December 31, 2016
 
Forecasted
Notional
Amount
Receive
Rate
Pay
Rate
Term
Asset/
(Liabilities)
Unrealized Gain (Loss) in Accumulated Other Comprehensive Income
Asset/ (Liabilities)
Unrealized Gain (Loss) in Accumulated Other Comprehensive Income
Interest Rate Swap (1)
$
—

2.090
%
1 month LIBOR
July 2014 - July 2021
—

—

395

240

Interest Rate Swap (1)
—

2.270
%
1 month LIBOR
July 2014 - July 2022
—

—

610

371

Interest Rate Swap (1)
—

2.420
%
1 month LIBOR
July 2014 - July 2023
—

—

874

531

Interest Rate Swap (1)
—

2.500
%
1 month LIBOR
July 2014 - July 2024
—

—

900

547

Interest Rate Swap (1)
—

1.470
%
1 month LIBOR
August 2015 - August 2020
—

—

(75
)
(46
)
 
$
—

 

 
 
—

—

2,704

1,643