Federal Home Loan Bank Advances (Tables)

12 Months Ended

Dec. 31, 2020

Advances from Federal Home Loan Banks [Abstract]

Scheduled Maturities of Advances and Interest Rates

At December 31, 2020 and 2019, Pinnacle Bank had outstanding advances from the FHLB totaling approximately $1.1 billion and $2.1 billion, respectively. The scheduled maturities of FHLB advances at December 31, 2020 and interest rates are as follows (in thousands):

	Scheduled Maturities		Weighted average interest rates
2021	$	200,000	0.28	%
2022	—		—	%
2023	—		—	%
2024	—		—	%
2025	116,250		0.64	%
Thereafter	775,013		2.15	%
	1,091,263
Deferred costs	(3,336)
Total Federal Home Loan Bank advances	$	1,087,927
Weighted average interest rate			1.64	%