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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans at March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31, 2022December 31, 2021
Commercial real estate:
Owner occupied$3,124,275 $3,048,822
Non-owner occupied5,426,583 5,221,704
Consumer real estate – mortgage3,813,252 3,680,684
Construction and land development3,277,029 2,903,017
Commercial and industrial8,370,384 8,074,546
Consumer and other487,499 485,489
Subtotal$24,499,022 $23,414,262 
Allowance for credit losses(261,618)(263,233)
Loans, net$24,237,404 $23,151,029 
Loan Classification Categorized by Risk Rating Category The table below presents loan balances classified within each risk rating category by primary loan type and based on year of origination or most recent renewal as of March 31, 2022 (in thousands):
March 31, 202220222021202020192018PriorRevolving LoansTotal
Commercial real estate - Owner occupied
Pass$264,461 $898,657 $688,952 $357,745 $307,953 $431,738 $74,826 $3,024,332 
Special Mention19,264 9,379 8,568 20,962 2,175 8,199 12,696 81,243 
Substandard (1)
1,831 1,309 2,470 5,721 203 4,044 — 15,578 
Substandard-nonaccrual262 1,401 — 90 977 392 — 3,122 
Doubtful-nonaccrual— — — — — — — — 
Total Commercial real estate - owner occupied$285,818 $910,746 $699,990 $384,518 $311,308 $444,373 $87,522 $3,124,275 
Commercial real estate - Non-owner occupied
Pass$574,347 $1,677,660 $873,901 $843,367 $397,452 $694,623 $91,711 $5,153,061 
Special Mention7,497 23,414 164,066 29,464 252 33,740 — 258,433 
Substandard (1)
— 1,665 6,860 1,334 2,094 1,700 — 13,653 
Substandard-nonaccrual— — — — 488 948 — 1,436 
Doubtful-nonaccrual— — — — — — — — 
Total Commercial real estate - Non-owner occupied$581,844 $1,702,739 $1,044,827 $874,165 $400,286 $731,011 $91,711 $5,426,583 
Consumer real estate – mortgage
Pass$299,201 $1,211,116 $541,793 $278,316 $161,744 $340,987 $968,341 $3,801,498 
Special Mention— — — — 680 379 — 1,059 
Substandard (1)
— — 349 — — 429 1,640 2,418 
Substandard-nonaccrual— 145 680 4,309 1,008 1,969 166 8,277 
Doubtful-nonaccrual— — — — — — — — 
Total Consumer real estate – mortgage$299,201 $1,211,261 $542,822 $282,625 $163,432 $343,764 $970,147 $3,813,252 
Construction and land development
Pass$415,917 $1,749,242 $749,945 $288,931 $34,325 $12,219 $11,684 $3,262,263 
Special Mention777 2,696 1,017 9,744 — — — 14,234 
Substandard (1)
— — — 10 17 155 — 182 
Substandard-nonaccrual— — — 223 — 127 — 350 
Doubtful-nonaccrual— — — — — — — — 
Total Construction and land development$416,694 $1,751,938 $750,962 $298,908 $34,342 $12,501 $11,684 $3,277,029 
Commercial and industrial
Pass$1,207,865 $2,422,636 $693,061 $505,318 $225,965 $206,597 $2,930,350 $8,191,792 
Special Mention579 17,082 6,423 36,499 6,507 1,431 28,088 96,609 
Substandard (1)
1,649 17,563 362 6,106 9,953 1,979 30,940 68,552 
Substandard-nonaccrual184 321 9,221 321 269 459 2,656 13,431 
Doubtful-nonaccrual— — — — — — — — 
 Total Commercial and industrial$1,210,277 $2,457,602 $709,067 $548,244 $242,694 $210,466 $2,992,034 $8,370,384 
Consumer and other
March 31, 202220222021202020192018PriorRevolving LoansTotal
Pass$65,436 $142,788 $74,986 $4,750 $1,767 $2,566 $195,206 $487,499 
Special Mention— — — — — — — — 
Substandard (1)
— — — — — — — — 
Substandard-nonaccrual— — — — — — — — 
Doubtful-nonaccrual— — — — — — — — 
Total Consumer and other$65,436 $142,788 $74,986 $4,750 $1,767 $2,566 $195,206 $487,499 
Total loans
Pass$2,827,227 $8,102,099 $3,622,638 $2,278,427 $1,129,206 $1,688,730 $4,272,118 $23,920,445 
Special Mention28,117 52,571 180,074 96,669 9,614 43,749 40,784 451,578 
Substandard (1)
3,480 20,537 10,041 13,171 12,267 8,307 32,580 100,383 
Substandard-nonaccrual446 1,867 9,901 4,943 2,742 3,895 2,822 26,616 
Doubtful-nonaccrual— — — — — — — — 
Total loans$2,859,270 $8,177,074 $3,822,654 $2,393,210 $1,153,829 $1,744,681 $4,348,304 $24,499,022 
(1) Potential problem loans represent those loans with a well-defined weakness and where information about possible credit problems of borrowers has caused management to have doubts about the borrower's ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by Pinnacle Bank's primary regulators for loans classified as substandard, excluding troubled debt restructurings. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $100.4 million at March 31, 2022, compared to $109.6 million at December 31, 2021.
Past Due Balances by Loan Classification
The table below presents the aging of past due balances by loan segment at March 31, 2022 and December 31, 2021 (in thousands):

March 31, 202230-59 days past due60-89 days past due90 days or more past dueTotal
past due		CurrentTotal loans
Commercial real estate:
Owner occupied$2,443 $— $1,915 $4,358 $3,119,917 $3,124,275 
Non-owner occupied309 1,387 701 2,397 5,424,186 5,426,583 
Consumer real estate – mortgage5,950 3,174 2,643 11,767 3,801,485 3,813,252 
Construction and land development598 — 127 725 3,276,304 3,277,029 
Commercial and industrial11,059 1,624 4,562 17,245 8,353,139 8,370,384 
Consumer and other2,146 780 405 3,331 484,168 487,499 
Total$22,505 $6,965 $10,353 $39,823 $24,459,199 $24,499,022 
December 31, 2021
Commercial real estate:
Owner occupied$727 $— $2,426 $3,153 $3,045,669 $3,048,822 
Non-owner occupied1,434 — 645 2,079 5,219,625 5,221,704 
Consumer real estate – mortgage8,710 122 4,450 13,282 3,667,402 3,680,684 
Construction and land development61 — 127 188 2,902,829 2,903,017 
Commercial and industrial4,926 2,677 7,311 14,914 8,059,632 8,074,546 
Consumer and other1,715 568 372 2,655 482,834 485,489 
Total$17,573 $3,367 $15,331 $36,271 $23,377,991 $23,414,262 
Details of Changes in the Allowance for Loan Losses The following table details the changes in the allowance for credit losses for the three months ended March 31, 2022 and 2021, respectively, by loan classification (in thousands):
 Commercial real estate - Owner occupiedCommercial real estate - Non-owner occupiedConsumer
 real estate - mortgage		Construction and land developmentCommercial and industrialConsumer
and other		Total
Three months ended March 31, 2022:      
Balance at December 31, 2021$19,618 $58,504 $32,104 $29,429 $112,340 $11,238 $263,233 
Charged-off loans(86)— (162)— (4,380)(1,884)(6,512)
Recovery of previously charged-off loans127 63 294 74 1,924 1,072 3,554 
Provision for credit losses on loans(154)(2,489)84 320 2,528 1,054 1,343 
Balance at March 31, 2022$19,505 $56,078 $32,320 $29,823 $112,412 $11,480 $261,618 
Three months ended March 31, 2021:      
Balance at December 31, 2020$23,298 $79,132 $33,304 $42,408 $98,423 $8,485 $285,050 
Charged-off loans(697)(140)(371)(367)(11,749)(950)(14,274)
Recovery of previously charged-off loans602 12 365 37 1,206 655 2,877 
Provision for credit losses on loans(1,138)1,515 (3,099)(4,436)13,196 1,190 7,228 
Balance at March 31, 2021$22,065 $80,519 $30,199 $37,642 $101,076 $9,380 $280,881 
Schedule of Collateral Dependent Loans Individually Evaluated for ACL The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, as of March 31, 2022 and December 31, 2021 (in thousands):
Real EstateBusiness AssetsOtherTotal
March 31, 2022
Commercial real estate:
Owner occupied$5,650 $— $— $5,650 
Non-owner occupied5,686 — — 5,686 
Consumer real estate – mortgage14,141 — — 14,141 
Construction and land development1,215 — — 1,215 
Commercial and industrial— 4,140 92 4,232 
Consumer and other— — — — 
Total $26,692 $4,140 $92 $30,924 
December 31, 2021
Commercial real estate:
Owner occupied$5,300 $— $— $5,300 
Non-owner occupied5,631 — — 5,631 
Consumer real estate – mortgage16,392 — — 16,392 
Construction and land development1,208 — — 1,208 
Commercial and industrial— 6,976 206 7,182 
Consumer and other— — — — 
Total $28,531 $6,976 $206 $35,713 
Financing Receivable, Nonaccrual The table below presents the amortized cost basis of loans on nonaccrual status and loans past due 90 or more days and still accruing interest at March 31, 2022 and December 31, 2021. Also presented is the balance of loans on nonaccrual status at March 31, 2022 for which there was no related allowance for credit losses recorded (in thousands):
March 31, 2022December 31, 2021
Total nonaccrual loansNonaccrual loans with no allowance for credit lossesLoans past due 90 or more days and still accruingTotal nonaccrual loansNonaccrual loans with no allowance for credit lossesLoans past due 90 or more days and still accruing
Commercial real estate:
Owner occupied$3,122 $— $— $2,694 $— $— 
Non-owner occupied1,436 — — 1,404 — — 
Consumer real estate – mortgage8,277 — — 10,264 — 144 
Construction and land development350 — — 356 — — 
Commercial and industrial13,431 11,407 1,200 16,849 13,188 1,091 
Consumer and other— — 405 2 — 372 
Total$26,616 $11,407 $1,605 $31,569 $13,188 $1,607 
Summary of Loan Portfolio Credit Risk Exposure Pinnacle Financial analyzes its commercial loan portfolio to determine if a concentration of credit risk exists to any industries. Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Pinnacle Financial has a credit exposure (loans outstanding plus unfunded lines of credit) exceeding 25% of Pinnacle Bank's total risk-based capital to borrowers in the following industries at March 31, 2022 with the comparative exposures for December 31, 2021 (in thousands):
 March 31, 2022 
 Outstanding Principal BalancesUnfunded CommitmentsTotal exposureTotal Exposure at December 31, 2021
Lessors of nonresidential buildings$4,098,546 $1,780,799 $5,879,345 $5,368,638 
Lessors of residential buildings1,467,575 1,355,763 2,823,338 2,566,352 
New Housing For-Sale Builders626,666 1,010,302 1,636,968 1,534,789