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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present financial instruments measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022, by caption on the consolidated balance sheets and by FASB ASC 820 valuation hierarchy (as described above) (in thousands):
Total carrying value in the consolidated balance sheetQuoted market prices in an active market
(Level 1)		Models with significant observable market parameters
(Level 2)		Models with significant unobservable market parameters
(Level 3)
March 31, 2023
Investment securities available-for-sale:    
U.S. Treasury securities$208,204 $— $208,204 $— 
U.S. Government agency securities426,205 — 426,205 — 
Mortgage-backed securities1,002,208 — 1,002,208 — 
Total carrying value in the consolidated balance sheetQuoted market prices in an active market
(Level 1)		Models with significant observable market parameters
(Level 2)		Models with significant unobservable market parameters
(Level 3)
State and municipal securities1,553,824 — 1,553,345 479 
Agency-backed securities172,310 — 172,310 — 
Corporate notes and other462,452 — 462,452 — 
Total investment securities available-for-sale3,825,203 — 3,824,724 479 
Other investments163,382 — 22,372 141,010 
Other assets189,681 — 189,681 — 
Total assets at fair value$4,178,266 $— $4,036,777 $141,489 
Other liabilities$75,711 $— $75,711 $— 
Total liabilities at fair value$75,711 $— $75,711 $— 
December 31, 2022
Investment securities available-for-sale:    
U.S. Treasury securities$194,184 $— $194,184 $— 
U.S. Government agency securities396,157 — 396,157 — 
Mortgage-backed securities971,576 — 971,576 — 
State and municipal securities1,412,306 — 1,411,677 629 
Agency-backed securities117,403 — 117,403 — 
Corporate notes and other467,244 — 467,244 — 
Total investment securities available-for-sale3,558,870 — 3,558,241 629 
Other investments153,011 — 22,029 130,982 
Other assets190,629 — 190,629 — 
Total assets at fair value$3,902,510 $— $3,770,899 $131,611 
Other liabilities$96,483 $— $96,483 $— 
Total liabilities at fair value$96,483 $— $96,483 $— 
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
The following table presents assets measured at fair value on a nonrecurring basis as of March 31, 2023 and December 31, 2022 (in thousands):
March 31, 2023Total carrying value in the consolidated balance sheetQuoted market prices in an active market
(Level 1)		Models with significant observable market parameters
(Level 2)		Models with significant unobservable market
parameters
(Level 3)
Other real estate owned$7,802 $— $— $7,802 
Collateral dependent loans (1)
30,901 — — 30,901 
Total$38,703 $— $— $38,703 
December 31, 2022    
Other real estate owned$7,952 $— $— $7,952 
Collateral dependent loans (1)
33,767 — — 33,767 
Total$41,719 $— $— $41,719 

(1) The carrying values of collateral dependent loans at March 31, 2023 and December 31, 2022 are net of valuation allowances of $7.3 million and $6.5 million, respectively.
Rollforward of the Balance Sheet Amounts, Unobservable Input Reconciliation The table below includes a rollforward of the balance sheet amounts for the three months ended March 31, 2023 and 2022 (including the change in fair value) for financial instruments classified by Pinnacle Financial within Level 3 of the valuation hierarchy
measured at fair value on a recurring basis including changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands):
 For the Three months ended March 31,
 20232022
 Available-for-sale SecuritiesOther
investments		Available-for-sale SecuritiesOther
 investments
Fair value, beginning of period$629 $130,982 $828 $100,996 
Total realized gains included in income1 2,360 2 1,710 
Changes in unrealized gains/losses included in other comprehensive income (loss)8 — (10)— 
Purchases— 9,202 — 7,411 
Issuances— — — — 
Settlements(159)(1,534)(158)(3,423)
Transfers out of Level 3— — — — 
Fair value, end of period$479 $141,010 $662 $106,694 
Total realized gains included in income$1 $2,360 $2 $1,710 
Carrying Amounts, Estimated Fair Value and Placement in the Fair Value Hierarchy of Financial Instruments The following tables present the carrying amounts, estimated fair value and placement in the fair value hierarchy of Pinnacle Financial's financial instruments at March 31, 2023 and December 31, 2022. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash, cash equivalents, and restricted cash, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as non-interest bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity (in thousands):
Carrying Amount
Estimated
Fair Value (1)
Quoted market prices in an active market
(Level 1)		Models with significant observable market parameters
(Level 2)		Models with significant unobservable market
parameters
(Level 3)
March 31, 2023
Financial assets:     
Securities purchased with agreement to resell$509,872 $453,019 $— $— $453,019 
Securities held-to-maturity3,053,628 2,788,713 — 2,788,713 — 
Loans, net29,984,030 29,383,263 — — 29,383,263 
Consumer loans held-for-sale58,758 58,987 — 58,987 — 
Commercial loans held-for-sale23,087 23,177 — 23,177 — 
Financial liabilities:     
Deposits and securities sold under     
agreements to repurchase36,328,330 35,147,659 — — 35,147,659 
Federal Home Loan Bank advances2,166,508 2,213,391 — — 2,213,391 
Subordinated debt and other borrowings424,276 442,767 — — 442,767 
Carrying Amount
Estimated
Fair Value (1)
Quoted market prices in an active market
(Level 1)		Models with significant observable market parameters
(Level 2)		Models with significant unobservable market
parameters
(Level 3)
December 31, 2022
Financial assets:     
Securities purchased with agreement to resell$513,276 $440,390 $— $— $440,390 
Securities held-to-maturity3,079,050 2,744,946 — 2,744,946 — 
Loans, net28,740,940 27,901,662 — — 27,901,662 
Consumer loans held-for-sale42,237 42,353 — 42,353 — 
Commercial loans held-for-sale21,093 21,151 — 21,151 — 
Financial liabilities:     
Deposits and securities sold under     
agreements to repurchase35,156,148 34,435,447 — — 34,435,447 
Federal Home Loan Bank advances464,436 477,673 — — 477,673 
Subordinated debt and other borrowings424,055 430,884 — — 430,884 
(1)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.