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Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Financial assets:    
Securities Purchased under Agreements to Resell $ 450,000 $ 0
Securities held-to-maturity 1,033,749 1,066,531
Quoted market prices in an active market (Level 1)    
Financial assets:    
Securities Purchased under Agreements to Resell 0  
Securities held-to-maturity 0 0
Loans, net 0 0
Consumer loans held-for-sale 0 0
Commercial loans held-for-sale 0 0
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 0 0
Federal Home Loan Bank advances 0 0
Subordinated debt and other borrowings 0 0
Off-balance sheet instruments:    
Commitments to extend credit [1] 0 0
Models with significant observable market parameters (Level 2)    
Financial assets:    
Securities Purchased under Agreements to Resell 0  
Securities held-to-maturity 1,033,749 1,066,531
Loans, net 0 0
Consumer loans held-for-sale 86,403 89,625
Commercial loans held-for-sale 12,634 31,841
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 0 0
Federal Home Loan Bank advances 0 0
Subordinated debt and other borrowings 0 0
Off-balance sheet instruments:    
Commitments to extend credit [1] 0 0
Models with significant unobservable market parameters (Level 3)    
Financial assets:    
Securities Purchased under Agreements to Resell 433,935  
Securities held-to-maturity 0 0
Loans, net 22,808,139 22,407,546
Consumer loans held-for-sale 0 0
Commercial loans held-for-sale 0 0
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 27,539,943 26,929,142
Federal Home Loan Bank advances 928,035 1,189,035
Subordinated debt and other borrowings 661,693 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1] 25,019 24,887
Carrying/ Notional Amount    
Financial assets:    
Securities Purchased under Agreements to Resell 450,000  
Securities held-to-maturity 1,014,345 1,028,359
Loans, net 22,805,820 22,139,451
Consumer loans held-for-sale 85,769 87,821
Commercial loans held-for-sale 12,541 31,200
Financial liabilities:    
Deposits and securities sold under agreements to repurchase 28,465,057 27,833,739
Federal Home Loan Bank advances 888,115 1,087,927
Subordinated debt and other borrowings 671,002 670,575
Off-balance sheet instruments:    
Commitments to extend credit [1] 10,422,083 9,692,607
Estimated Fair Value    
Financial assets:    
Securities Purchased under Agreements to Resell [2] 433,935  
Securities held-to-maturity [2] 1,033,749 1,066,531
Loans, net [2] 22,808,139 22,407,546
Consumer loans held-for-sale [2] 86,403 89,625
Commercial loans held-for-sale [2] 12,634 31,841
Financial liabilities:    
Deposits and securities sold under agreements to repurchase [2] 27,539,943 26,929,142
Federal Home Loan Bank advances [2] 928,035 1,189,035
Subordinated debt and other borrowings [2] 661,693 677,521
Off-balance sheet instruments:    
Commitments to extend credit [1],[2] $ 25,019 $ 24,887
[1] At the end of each quarter, Pinnacle Financial evaluates the inherent risks of the outstanding off-balance sheet commitments, including both commitments for unfunded loans and standby letters of credit. In making this evaluation, Pinnacle Financial utilizes credit loss expectations on funded loans from our allowance for credit losses methodology and evaluates the probability that the outstanding commitment will eventually become a funded loan. As a result, at March 31, 2021 and December 31, 2020, Pinnacle Financial included in other liabilities $23.2 million, representing expected credit losses on off-balance sheet commitments, which are reflected in the estimated fair values of the related commitments. Also included in the fair values at March 31, 2021 and December 31, 2020 are unamortized fees related to these commitments of $1.8 million and $1.7 million, respectively.
[2] Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction.