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Premises and Equipment and Lease Commitments (Tables)
 12 Months Ended
Dec. 31, 2020
Premises and Equipment and Lease Commitments [Abstract]  
Schedule of Premises and Equipment
Premises and equipment at December 31, 2020 and 2019 are summarized as follows (in thousands):

 
 Range of Useful Lives
20202019
LandNot applicable$70,140 $64,814 
Buildings15 years-30 years194,432 185,340 
Leasehold improvements15 years-20 years50,867 45,398 
Furniture and equipment3 years-20 years126,678 109,900 
  442,117 405,452 
Less: accumulated depreciation and amortization 152,116 131,520 
   $290,001 $273,932 
Schedule of Lease Assets and Liabilities
Right-of-use assets and lease liabilities relating to Pinnacle Financial's operating and finance leases are as follows at December 31, 2020 and 2019 (in thousands):
December 31, 2020December 31, 2019
Right-of-use assets:
Operating leases$83,647 $79,574 
Finance leases1,770 1,996 
Total right-of-use assets$85,417 $81,570 
Lease liabilities:
Operating leases$87,737 $83,219 
Finance leases3,001 3,244 
Total lease liabilities$90,738 $86,463 
Schedule of Lease Costs and Other Information
The total lease cost related to operating leases and short term leases is recognized on a straight-line basis over the lease term. For finance leases, right-of-use assets are amortized on a straight-line basis over the lease term and interest imputed on the lease liability is recognized using the effective interest method. The components of Pinnacle Financial's total lease cost were as follows for the years ended December 31, 2020 and 2019 (in thousands):
For the years ended December 31,
20202019
Operating lease cost$13,963 $13,992 
Short-term lease cost354 295 
Finance lease cost:
Interest on lease liabilities227 243 
Amortization of right-of-use asset226 226 
Sublease income(1,324)(1,463)
Net lease cost$13,446 $13,293 


The weighted average remaining lease term and weighted average discount rate for operating and finance leases at December 31, 2020 and 2019 are as follows:
December 31, 2020December 31, 2019
Weighted average remaining lease term
Operating leases10.37 years10.75 years
Finance leases7.84 years8.84 years
Weighted average discount rate
Operating leases2.91 %3.07 %
Finance leases7.22 %7.22 %

Cash flows related to operating and finance leases during the year ended December 31, 2020 and 2019 were as follows (in thousands):

For the years ended December 31,
20202019
Operating cash flows related to operating leases$13,494 $13,609 
Operating cash flows related to finance leases$227 $243 
Financing cash flows related to finance leases$243 $226 
Schedule of Future Minimum Operating Lease Payments
Future undiscounted lease payments for operating and finance leases with initial terms of more than 12 months are as follows at December 31, 2020 (in thousands):
Operating LeasesFinance Leases
2021$13,607 $470 
202212,413 470 
202311,582 479 
202411,506 527 
20259,247 527 
Thereafter45,701 1,494 
Total undiscounted lease payments104,056 3,967 
Less: imputed interest(16,319)(966)
Net lease liabilities$87,737 $3,001 
Schedule of Future Minimum Finance Lease Payments
Future undiscounted lease payments for operating and finance leases with initial terms of more than 12 months are as follows at December 31, 2020 (in thousands):
Operating LeasesFinance Leases
2021$13,607 $470 
202212,413 470 
202311,582 479 
202411,506 527 
20259,247 527 
Thereafter45,701 1,494 
Total undiscounted lease payments104,056 3,967 
Less: imputed interest(16,319)(966)
Net lease liabilities$87,737 $3,001