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Premises and Equipment and Lease Commitments (Tables)
 6 Months Ended
Jun. 30, 2023
Premises and Equipment and Lease Commitments [Abstract]  
Schedule of Premises and Equipment
Premises and equipment at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands):

 
 Range of Useful Lives
June 30, 2023December 31, 2022
LandNot applicable$31,598 $71,741 
Buildings15 years-30 years100,874 206,434 
Leasehold improvements15 years-20 years67,065 62,209 
Furniture and equipment3 years-20 years173,863 144,979 
  373,400 485,363 
Less: accumulated depreciation and amortization 128,547 157,478 
   $244,853 $327,885 
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 June 30, 2023 and December 31, 2022 (in thousands):
June 30, 2023December 31, 2022
Right-of-use assets:
Operating leases$236,689 $126,767 
Finance leases1,205 1,318 
Total right-of-use assets$237,894 $128,085 
Lease liabilities:
Operating leases$243,906 $133,108 
Finance leases2,309 2,458 
Total lease liabilities$246,215 $135,566 
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 three and six months ended June 30, 2023 and 2022 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Operating lease cost$6,997 $4,086 $11,731 $8,073 
Short-term lease cost89 98 174 211 
Finance lease cost:
Interest on lease liabilities42 48 86 96 
Amortization of right-of-use asset56 56 113 112 
Sublease income(323)(337)(666)(660)
Net lease cost$6,861 $3,951 $11,438 $7,832 

The weighted average remaining lease term and weighted average discount rate for operating and finance leases at June 30, 2023 and December 31, 2022 are as follows:
June 30, 2023December 31, 2022
Weighted average remaining lease term
Operating leases11.87 years10.44 years
Finance leases5.34 years5.84 years
Weighted average discount rate
Operating leases4.04 %3.11 %
Finance leases7.22 %7.22 %

Cash flows related to operating and finance leases during the three and six months ended June 30, 2023 and 2022 were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Operating cash flows related to operating leases$6,399 $3,835 $10,858 $7,669 
Operating cash flows related to finance leases42 48 86 96 
Financing cash flows related to finance leases74 70 149 139 
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 June 30, 2023 (in thousands):
Operating LeasesFinance Leases
2023$15,014 $244 
202430,478 527 
202528,159 527 
202625,724 527 
202724,540 527 
Thereafter189,769 439 
Total undiscounted lease payments313,684 2,791 
Less: imputed interest(69,778)(482)
Net lease liabilities$243,906 $2,309 
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 June 30, 2023 (in thousands):
Operating LeasesFinance Leases
2023$15,014 $244 
202430,478 527 
202528,159 527 
202625,724 527 
202724,540 527 
Thereafter189,769 439 
Total undiscounted lease payments313,684 2,791 
Less: imputed interest(69,778)(482)
Net lease liabilities$243,906 $2,309