Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Jul. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'PINNACLE FINANCIAL PARTNERS INC | ' |
Entity Central Index Key | '0001115055 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 0 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
CONSOLIDATED_BALANCE_SHEETS_Un
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
ASSETS | ' | ' |
Cash and noninterest-bearing due from banks | $92,150,263 | $51,946,542 |
Interest-bearing due from banks | 118,351,624 | 111,535,083 |
Federal funds sold and other | 639,572 | 1,807,044 |
Cash and cash equivalents | 211,141,459 | 165,288,669 |
Securities available-for-sale, at fair value | 704,291,206 | 706,577,806 |
Securities held-to-maturity (fair value of $38,717,744 and $583,212 at September 30, 2013 and December 31, 2012, respectively) | 39,593,672 | 574,863 |
Mortgage loans held-for-sale | 16,961,925 | 41,194,639 |
Loans | 3,969,302,182 | 3,712,162,430 |
Less allowance for loan losses | -67,279,672 | -69,417,437 |
Loans, net | 3,902,022,510 | 3,642,744,993 |
Premises and equipment, net | 74,117,834 | 75,804,895 |
Other investments | 30,537,063 | 26,962,890 |
Accrued interest receivable | 16,167,556 | 14,856,615 |
Goodwill | 243,807,645 | 244,040,421 |
Core deposits and other intangible assets | 4,087,425 | 5,103,273 |
Other real estate owned | 15,522,233 | 18,580,097 |
Other assets | 132,950,060 | 98,819,455 |
Total assets | 5,391,200,588 | 5,040,548,616 |
Deposits: | ' | ' |
Noninterest-bearing | 1,138,420,589 | 985,689,460 |
Interest-bearing | 784,995,026 | 760,786,247 |
Savings and money market accounts | 1,860,598,743 | 1,662,256,403 |
Time | 549,528,625 | 606,455,873 |
Total deposits | 4,333,542,983 | 4,015,187,983 |
Securities sold under agreements to repurchase | 84,031,927 | 114,667,475 |
Federal Home Loan Bank advances | 115,670,655 | 75,850,390 |
Subordinated debt and other borrowings | 99,283,292 | 106,158,292 |
Accrued interest payable | 925,097 | 1,360,598 |
Other liabilities | 45,530,772 | 48,252,519 |
Total liabilities | 4,678,984,726 | 4,361,477,257 |
Stockholders' equity: | ' | ' |
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, par value $1.00; 90,000,000 shares authorized; 35,133,733 and 34,696,597 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 35,133,733 | 34,696,597 |
Additional paid-in capital | 547,641,227 | 543,760,439 |
Retained earnings | 129,792,296 | 87,386,689 |
Accumulated other comprehensive income, net of taxes | -351,394 | 13,227,634 |
Total stockholders' equity | 712,215,862 | 679,071,359 |
Total liabilities and stockholders' equity | $5,391,200,588 | $5,040,548,616 |
CONSOLIDATED_BALANCE_SHEETS_Un1
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
ASSETS | ' | ' | |
Securities held-to-maturity, fair value | $38,717,744 | $583,212 | [1] |
Stockholders' equity: | ' | ' | |
Preferred stock, par value (in dollars per share) | $0 | $0 | |
Preferred stock, shares authorized (in shares) | 10,000,000 | 10,000,000 | |
Preferred stock, shares issued (in shares) | 0 | 0 | |
Preferred stock, shares outstanding (in shares) | 0 | 0 | |
Common stock, par value (in dollars per share) | $1 | $1 | |
Common stock, shares authorized (in shares) | 90,000,000 | 90,000,000 | |
Common stock, shares issued (in shares) | 35,133,733 | 34,696,597 | |
Common stock, shares outstanding (in shares) | 35,133,733 | 34,696,597 | |
[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. |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Interest income: | ' | ' | ' | ' |
Loans, including fees | $42,778,193 | $40,405,396 | $126,441,555 | $118,331,163 |
Securities: | ' | ' | ' | ' |
Taxable | 3,538,446 | 3,973,717 | 10,860,146 | 13,356,957 |
Tax-exempt | 1,601,067 | 1,621,541 | 4,741,440 | 4,972,539 |
Federal funds sold and other | 259,536 | 440,254 | 834,748 | 1,557,831 |
Total interest income | 48,177,242 | 46,440,908 | 142,877,889 | 138,218,490 |
Interest expense: | ' | ' | ' | ' |
Deposits | 2,708,376 | 3,986,328 | 9,076,757 | 13,112,653 |
Securities sold under agreements to repurchase | 55,601 | 99,379 | 204,240 | 370,405 |
Federal Home Loan Bank advances and other borrowings | 840,318 | 1,422,845 | 2,666,721 | 4,114,008 |
Total interest expense | 3,604,295 | 5,508,552 | 11,947,718 | 17,597,066 |
Net interest income | 44,572,947 | 40,932,356 | 130,930,171 | 120,621,424 |
Provision for loan losses | 684,956 | 1,412,575 | 5,631,408 | 3,080,892 |
Net interest income after provision for loan losses | 43,887,991 | 39,519,781 | 125,298,763 | 117,540,532 |
Noninterest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 2,797,342 | 2,531,707 | 7,818,452 | 7,295,045 |
Investment services | 1,955,652 | 1,676,601 | 5,643,690 | 4,934,262 |
Insurance sales commissions | 1,021,430 | 987,222 | 3,522,430 | 3,415,945 |
Trust fees | 931,543 | 767,042 | 2,756,079 | 2,332,716 |
Gain on mortgage loans sold, net | 1,326,469 | 1,978,935 | 5,130,411 | 4,930,190 |
Gain on sale of investment securities, net | -1,441,234 | -49,784 | -1,466,475 | 162,733 |
Other noninterest income | 4,796,079 | 2,537,863 | 11,210,770 | 7,217,879 |
Total noninterest income | 11,387,281 | 10,429,586 | 34,615,357 | 30,288,770 |
Noninterest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 21,009,680 | 19,470,535 | 61,152,789 | 58,500,279 |
Equipment and occupancy | 5,412,865 | 5,156,131 | 15,730,074 | 15,217,897 |
Other real estate expense | 699,211 | 2,399,232 | 2,810,779 | 10,179,572 |
Marketing and other business development | 720,866 | 834,661 | 2,498,708 | 2,359,760 |
Postage and supplies | 581,433 | 637,906 | 1,690,588 | 1,816,925 |
Amortization of intangibles | 246,675 | 683,430 | 1,015,848 | 2,055,564 |
Other noninterest expense | 4,652,161 | 4,396,465 | 11,725,844 | 13,183,603 |
Total noninterest expense | 33,322,891 | 33,578,360 | 96,624,630 | 103,313,600 |
Income before income taxes | 21,952,381 | 16,371,007 | 63,289,490 | 44,515,702 |
Income tax expense | 7,305,431 | 5,021,882 | 20,883,883 | 14,361,979 |
Net income | 14,646,950 | 11,349,125 | 42,405,607 | 30,153,723 |
Preferred stock dividends | 0 | 0 | 0 | 1,660,868 |
Accretion on preferred stock discount | 0 | 0 | 0 | 2,153,172 |
Net income available to common stockholders | $14,646,950 | $11,349,125 | $42,405,607 | $26,339,683 |
Per share information: | ' | ' | ' | ' |
Basic net income per common share available to common stockholders (in dollars per share) | $0.43 | $0.33 | $1.24 | $0.78 |
Diluted net income per common share available to common stockholders (in dollars per share) | $0.42 | $0.33 | $1.23 | $0.76 |
Weighted average shares outstanding: | ' | ' | ' | ' |
Basic (in shares) | 34,282,899 | 33,939,248 | 34,148,562 | 33,879,186 |
Diluted (in shares) | 34,606,567 | 34,523,076 | 34,415,776 | 34,473,895 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract] | ' | ' | ' | ' |
Net income | $14,646,950 | $11,349,125 | $42,405,607 | $30,153,723 |
Other comprehensive income, net of tax: | ' | ' | ' | ' |
Decrease in net gains on securities available-for-sale, net of tax | -1,191,495 | 1,911,296 | -17,396,100 | 2,199,651 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | -421,473 | 0 | 2,925,895 | 0 |
Net gain on sale of investment securities reclassified out of comprehensive income into net income, net of tax | 875,838 | 30,254 | 891,177 | -98,893 |
Total comprehensive income | $13,909,820 | $13,290,675 | $28,826,579 | $32,254,481 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Common Stock Warrants [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comp. Income, Net [Member] | Total |
Balances at Dec. 31, 2011 | $69,096,828 | $34,354,960 | $3,348,402 | $536,227,537 | $49,783,584 | $17,333,257 | $710,144,568 |
Balances (in shares) at Dec. 31, 2011 | ' | 34,354,960 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Exercise of employee common stock options, stock appreciation rights, common stock warrants and related tax benefits | 0 | 230,718 | 0 | 1,297,396 | 0 | 0 | 1,528,114 |
Exercise of employee common stock options, stock appreciation rights, common stock warrants and related tax benefits (in shares) | ' | 230,718 | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Value | -71,250,000 | 0 | 0 | 0 | 0 | 0 | -71,250,000 |
Issuance of restricted common shares, net of forfeitures | 0 | 95,890 | 0 | -95,890 | 0 | 0 | 0 |
Issuance of restricted common shares, net of forfeitures (in shares) | ' | 95,890 | ' | ' | ' | ' | ' |
Issuance of salary stock units | 0 | 57,508 | 0 | 942,565 | 0 | 0 | 1,000,073 |
Issuance of salary stock units (in shares) | ' | 57,508 | ' | ' | ' | ' | ' |
Restricted shares withheld for taxes | 0 | -47,417 | 0 | -741,427 | 0 | 0 | -788,844 |
Restricted shares withheld for taxes (in shares) | ' | -47,417 | ' | ' | ' | ' | ' |
Compensation expense for restricted shares | 0 | 0 | 0 | 2,489,334 | 0 | 0 | 2,489,334 |
Compensation expense for stock options | 0 | 0 | 0 | 329,350 | 0 | 0 | 329,350 |
Cancellation Of Outstanding Warrants | 0 | 0 | -3,348,402 | 2,593,402 | 0 | 0 | -755,000 |
Accretion on preferred stock discount | 2,153,172 | 0 | 0 | 0 | -2,153,172 | 0 | 0 |
Preferred dividends paid | 0 | 0 | 0 | 0 | -2,127,605 | 0 | -2,127,605 |
Net income | 0 | 0 | 0 | 0 | 30,153,723 | 0 | 30,153,723 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 2,100,758 | 2,100,758 |
Ending Balances at Sep. 30, 2012 | 0 | 34,691,659 | 0 | 543,042,267 | 75,656,530 | 19,434,015 | 672,824,471 |
Balances (in shares) at Sep. 30, 2012 | ' | 34,691,659 | ' | ' | ' | ' | ' |
Balances at Dec. 31, 2012 | 0 | 34,696,597 | 0 | 543,760,439 | 87,386,689 | 13,227,634 | 679,071,359 |
Balances (in shares) at Dec. 31, 2012 | ' | 34,696,597 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Exercise of employee common stock options, stock appreciation rights, common stock warrants and related tax benefits | 0 | 191,928 | 0 | 2,372,601 | 0 | 0 | 2,564,529 |
Exercise of employee common stock options, stock appreciation rights, common stock warrants and related tax benefits (in shares) | ' | 191,928 | ' | ' | ' | ' | ' |
Issuance of restricted common shares, net of forfeitures | 0 | 300,718 | 0 | -300,718 | 0 | 0 | 0 |
Issuance of restricted common shares, net of forfeitures (in shares) | ' | 300,718 | ' | ' | ' | ' | ' |
Restricted shares withheld for taxes | 0 | -55,510 | 0 | -1,218,326 | 0 | 0 | -1,273,836 |
Restricted shares withheld for taxes (in shares) | ' | -55,510 | ' | ' | ' | ' | ' |
Compensation expense for restricted shares | 0 | 0 | 0 | 3,014,761 | 0 | 0 | 3,014,761 |
Compensation expense for stock options | 0 | 0 | 0 | 12,470 | 0 | 0 | 12,470 |
Net income | 0 | 0 | 0 | 0 | 42,405,607 | 0 | 42,405,607 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | -13,579,028 | -13,579,028 |
Ending Balances at Sep. 30, 2013 | $0 | $35,133,733 | $0 | $547,641,227 | $129,792,296 | ($351,394) | $712,215,862 |
Balances (in shares) at Sep. 30, 2013 | ' | 35,133,733 | ' | ' | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Operating activities: | ' | ' |
Net income | $42,405,607 | $30,153,723 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Net amortization/accretion of premium/discount on securities | 3,444,484 | 5,697,121 |
Depreciation and amortization | 6,918,189 | 7,548,657 |
Provision for loan losses | 5,631,408 | 3,080,892 |
Gain on mortgage loans sold, net | -5,130,411 | -4,930,190 |
Gain on sale of investment securities, net | 1,466,475 | -162,733 |
Stock-based compensation expense | 3,027,231 | 3,818,757 |
Deferred tax benefit | -51,547 | 2,128,122 |
(Gains) losses on dispositions of other real estate and other investments | 2,889,742 | 9,313,372 |
Excess tax benefit from stock compensation | -232,776 | -31,524 |
Mortgage loans held for sale: | ' | ' |
Loans originated | -320,203,874 | -354,271,377 |
Loans sold | 349,567,000 | 355,189,000 |
Decrease in other assets | 12,875,979 | 25,959,161 |
Decrease in other liabilities | -3,105,860 | 2,486,701 |
Net cash provided by operating activities | 99,501,647 | 85,979,682 |
Activities in securities available-for-sale: | ' | ' |
Purchases | -182,289,872 | -43,610,007 |
Sales | 1,414,628 | 35,420,503 |
Maturities, prepayments and calls | 111,542,890 | 162,369,154 |
Activities in securities held-to-maturity: | ' | ' |
Payments to Acquire Held-to-maturity Securities | -2,452,919 | 0 |
Maturities, prepayments and calls | 2,982,450 | 1,755,000 |
Increase in loans, net | -269,103,013 | -250,553,288 |
Purchases of software, premises and equipment | -4,371,613 | -2,852,918 |
Purchase of bank owned life insurance | -30,000,000 | 0 |
Increase in other investments | -3,611,128 | 18,503,170 |
Net cash used in investing activities | -375,888,577 | -78,968,386 |
Financing activities: | ' | ' |
Net decrease in deposits | 318,355,000 | 64,947,672 |
Net increase (decrease) in securities sold under agreements to repurchase | -30,635,547 | 3,195,562 |
Advances from Federal Home Loan Bank: | ' | ' |
Issuances | 624,000,000 | 495,000,000 |
Payments/maturities | -584,128,201 | -530,124,164 |
Decrease in other borrowings | -6,875,000 | 9,307,292 |
Exercise of common stock options and stock appreciation rights | 1,290,692 | 739,270 |
Excess tax benefit from stock compensation | 232,776 | 31,524 |
Payments for Repurchase of Preferred Stock and Preference Stock | 0 | -71,250,000 |
Payments for Repurchase of Warrants | 0 | -755,000 |
Preferred dividends paid | 0 | -2,127,605 |
Net cash provided by (used in) financing activities | 322,239,720 | -31,035,449 |
Cash and Cash Equivalents, Period Increase (Decrease), Total | 45,852,790 | -24,024,153 |
Cash and cash equivalents, beginning of period | 165,288,669 | 172,163,040 |
Cash and cash equivalents, end of period | $211,141,459 | $148,138,887 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||||||
Note 1. Â Summary of Significant Accounting Policies | |||||||||||||||||
Nature of Business — Pinnacle Financial Partners, Inc. (Pinnacle Financial) is a bank holding company whose primary business is conducted by its wholly-owned subsidiary, Pinnacle Bank. Pinnacle Bank is a commercial bank headquartered in Nashville, Tennessee. Pinnacle Bank provides a full range of banking services in its primary market areas of the Nashville-Davidson-Murfreesboro-Franklin, Tennessee and Knoxville, Tennessee Metropolitan Statistical Areas. | |||||||||||||||||
Basis of Presentation — The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (U.S. GAAP).  All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods covered by the report have been included.  The accompanying unaudited consolidated financial statements should be read in conjunction with the Pinnacle Financial consolidated financial statements and related notes appearing in the 2012 Annual Report previously filed on Form 10-K. | |||||||||||||||||
These consolidated financial statements include the accounts of Pinnacle Financial and its wholly-owned subsidiaries. PNFP Statutory Trust I, PNFP Statutory Trust II, PNFP Statutory Trust III and PNFP Statutory Trust IV are affiliates of Pinnacle Financial and are included in these consolidated financial statements pursuant to the equity method of accounting. Significant intercompany transactions and accounts are eliminated in consolidation. | |||||||||||||||||
Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, any potential impairment of intangible assets, including goodwill and the valuation of deferred tax assets, other real estate owned, and our investment portfolio, including other-than-temporary impairment. These financial statements should be read in conjunction with Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2012. There have been no significant changes to Pinnacle Financial's significant accounting policies as disclosed in Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||
Recently Adopted Accounting Pronouncements —  In February 2013, the FASB issued Accounting Standards Update 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" which provides disclosure guidance on amounts reclassified out of AOCI by component.  The adoption did not have any impact on our financial position or results of operations but has impacted our financial statement disclosure. As shown on the statement of comprehensive income for the three and nine months ended September 30, 2013, Pinnacle Financial reclassified approximately $876,000 and $891,000 of net losses out of other comprehensive income into loss on the sale of investment securities, net of tax, compared to reclassifications of net losses for the three months ended ended September 30, 2012, of approximately $30,000, net of tax and net gains for the nine months ended September 30, 2012, of $99,000, net of tax. | |||||||||||||||||
      Goodwill — ASU No. 2011-8 provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the quantitative two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). Based on the qualitative assessment, if an entity determines that the fair value of a reporting unit is more than its carrying amount, the quantitative two-step goodwill impairment test is not required.Pinnacle Financial performed our annual assessment as of September 30, 2013. The results of our qualitative assessment indicated that the fair value of our reporting units was more than its carrying value, and accordingly, the two-step goodwill impairment test was not performed. | |||||||||||||||||
Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for each of the nine months ended September 30, 2013 and 2012 was as follows: | |||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Cash Transactions: | |||||||||||||||||
Interest paid | $ | 12,434,753 | $ | 18,317,526 | |||||||||||||
Income taxes paid, net | 20,850,009 | 5,699,106 | |||||||||||||||
Noncash Transactions: | |||||||||||||||||
Loans charged-off to the allowance for loan losses | 14,088,656 | 11,265,378 | |||||||||||||||
Loans foreclosed upon and transferred to other real estate owned | 3,491,421 | 8,489,792 | |||||||||||||||
Available-for-sale securities transferred to held-to-maturity portfolio | 39,959,647 | - | |||||||||||||||
Income Per Common Share — Basic net income per common share available to common stockholders (EPS) is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period.  For the three and nine months ended September 30, 2012, weighted average common shares outstanding also include salary stock units issued to the named executive officers.  Diluted EPS reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted.  The difference between basic and diluted weighted average shares outstanding is attributable to common stock options, common stock appreciation rights, warrants and dilutive restricted shares. The dilutive effect of outstanding options, common stock appreciation rights, warrants and restricted shares is reflected in diluted EPS by application of the treasury stock method. | |||||||||||||||||
For the three and nine months ended September 30, 2013, Â there were 323,668 and 267,214 shares, respectively, associated with dilutive stock options, stock appreciation rights and dilutive restricted shares that were included in the net income per share calculation. Â For the three and nine months ended September 30, 2012, there were 583,828 and 594,709 shares, respectively, associated with dilutive stock options, stock appreciation rights, warrants and restricted shares outstanding to purchase common shares that were included in the net income per share calculation. | |||||||||||||||||
The following is a summary of the basic and diluted net income per share calculations for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic net income per share calculation: | |||||||||||||||||
Numerator - Net income available to common stockholders | $ | 14,646,950 | $ | 11,349,125 | $ | 42,405,607 | $ | 26,339,683 | |||||||||
Denominator - Average common shares outstanding | 34,282,899 | 33,939,248 | 34,148,562 | 33,879,186 | |||||||||||||
Basic net income per share available to common stockholders | $ | 0.43 | $ | 0.33 | $ | 1.24 | $ | 0.78 | |||||||||
Diluted net income per share calculation: | |||||||||||||||||
Numerator – Net income available to common stockholders | $ | 14,646,950 | $ | 11,349,125 | $ | 42,405,607 | $ | 26,339,683 | |||||||||
Denominator - Average common shares outstanding | 34,282,899 | 33,939,248 | 34,148,562 | 33,879,186 | |||||||||||||
Dilutive shares contingently issuable | 323,668 | 583,828 | 267,214 | 594,709 | |||||||||||||
Average diluted common shares outstanding | 34,606,567 | 34,523,076 | 34,415,776 | 34,473,895 | |||||||||||||
Diluted net income per share available to common stockholders | $ | 0.42 | $ | 0.33 | $ | 1.23 | $ | 0.76 |
Participation_in_US_Treasury_C
Participation in US Treasury Capital Purchase Program (CPP) | 9 Months Ended |
Sep. 30, 2013 | |
Participation in U.S. Treasury Capital Purchase Program (CPP) [Abstract] | ' |
Participation in U.S. Treasury Capital Purchase Program (CPP) | ' |
Note 2. Participation in U.S. Treasury Capital Purchase Program (CPP) | |
On December 12, 2008, Pinnacle Financial issued 95,000 shares of preferred stock to the U.S. Treasury (the Treasury) for $95 million pursuant to the CPP. Â For the time the CPP preferred stock was outstanding, the CPP preferred stock was non-voting, other than having class voting rights on certain matters, and paid cumulative dividends quarterly at a rate of 5% per annum. Pinnacle Financial redeemed the preferred shares issued to the Treasury under the CPP in two transactions. Â During the fourth quarter of 2011, Pinnacle Financial redeemed 23,750 of the preferred shares in a transaction totaling approximately $23.9 million, including accrued but unpaid dividends of $142,000. Â During the second quarter of 2012, Pinnacle Financial completed the redemption of the remaining 71,250 preferred shares outstanding in a transaction totaling $71.6 million which included accrued but unpaid dividends of $346,000. Â Concurrently, Pinnacle Financial accelerated the accretion of the remaining preferred stock discount of approximately $1.7 million during the second quarter of 2012. | |
Additionally, Pinnacle Financial issued warrants to purchase 534,910 shares of common stock to the Treasury as a condition to its participation in the CPP. The warrants had an exercise price of $26.64 each, were immediately exercisable and expired 10 years from the date of issuance. On June 16, 2009, Pinnacle Financial completed the sale of 8,855,000 shares of its common stock in a public offering, resulting in net proceeds to Pinnacle Financial of approximately $109 million. As a result, and pursuant to the terms of the warrants, the number of shares issuable upon exercise of the warrants was reduced by 50%, or 267,455 shares. During the third quarter of 2012, Pinnacle Financial repurchased all of the remaining outstanding warrants held by the Treasury for $755,000. |
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
Note 3. Â Securities | |||||||||||||||||||||||||
The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2013 and December 31, 2012 are summarized as follows (in thousands): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 4,999 | $ | 1 | $ | - | $ | 5,000 | |||||||||||||||||
U.S. government agency securities | 137,908 | 225 | 10,642 | 127,491 | |||||||||||||||||||||
Mortgage-backed securities | 390,179 | 10,142 | 5,991 | 394,330 | |||||||||||||||||||||
State and municipal securities | 142,943 | 6,581 | 734 | 148,790 | |||||||||||||||||||||
Asset-backed securities | 17,461 | - | 147 | 17,314 | |||||||||||||||||||||
Corporate notes and other | 10,224 | 1,153 | 10 | 11,367 | |||||||||||||||||||||
$ | 703,714 | $ | 18,102 | $ | 17,524 | $ | 704,292 | ||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
State and municipal securities | $ | 39,594 | $ | 72 | $ | 948 | $ | 38,718 | |||||||||||||||||
$ | 39,594 | $ | 72 | $ | 948 | $ | 38,718 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
U.S. government agency securities | 110,817 | 49 | 414 | 110,452 | |||||||||||||||||||||
Mortgage-backed securities | 360,504 | 15,770 | 623 | 375,651 | |||||||||||||||||||||
State and municipal securities | 177,364 | 14,489 | 126 | 191,727 | |||||||||||||||||||||
Asset-backed securities | 17,361 | - | 9 | 17,352 | |||||||||||||||||||||
Corporate notes and other | 9,881 | 1,519 | 4 | 11,396 | |||||||||||||||||||||
$ | 675,927 | $ | 31,827 | 1,176 | $ | 707 | |||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
State and municipal securities | $ | 575 | $ | 8 | $ | - | $ | 1 | |||||||||||||||||
$ | 575 | $ | 8 | $ | - | $ | 1 | ||||||||||||||||||
At September 30, 2013, approximately $596.0 million of securities within Pinnacle Financial's investment portfolio were either pledged to secure public funds and other deposits or securities sold under agreements to repurchase. | |||||||||||||||||||||||||
During the first quarter of 2013, approximately $40.0 million of available-for-sale securities were transferred to the held-to-maturity portfolio. The transfers of debt securities into the held-to-maturity category from the available-for-sale category were made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer was retained in other comprehensive income and in the carrying value of the held-to-maturity securities. Such amounts will be amortized to interest income over the remaining life of the securities. | |||||||||||||||||||||||||
The amortized cost and fair value of debt securities as of September 30, 2013 by contractual maturity are shown below. Actual maturities may differ from contractual maturities of mortgage- and asset-backed securities since the mortgages and assets underlying the securities may be called or prepaid with or without penalty. Therefore, these securities are not included in the maturity categories in the following summary (in thousands): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized Cost | Fair | ||||||||||||||||||||||
Cost | Value | Value | |||||||||||||||||||||||
Due in one year or less | $ | 8,458 | $ | 8,486 | $ | 320 | $ | 320 | |||||||||||||||||
Due in one year to five years | 26,415 | 27,000 | 12,476 | 12,465 | |||||||||||||||||||||
Due in five years to ten years | 143,804 | 144,830 | 15,529 | 15,127 | |||||||||||||||||||||
Due after ten years | 117,187 | 112,331 | 11,269 | 10,806 | |||||||||||||||||||||
Mortgage-backed securities | 390,179 | 394,330 | - | - | |||||||||||||||||||||
Asset-backed securities | 17,461 | 17,314 | - | - | |||||||||||||||||||||
$ | 703,504 | $ | 704,291 | $ | 39,594 | $ | 38,718 | ||||||||||||||||||
At September 30, 2013 and December 31, 2012, the following investments had unrealized losses. The table below classifies these investments according to the term of the unrealized losses of less than twelve months or twelve months or longer (in thousands): | |||||||||||||||||||||||||
Investments with an Unrealized Loss of | Investments with an | Total Investments | |||||||||||||||||||||||
less than 12 months | Unrealized Loss of | with an | |||||||||||||||||||||||
12 months or longer | Unrealized Loss | ||||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized | ||||||||||||||||||||
Losses | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
U.S. government agency securities | 102,206 | 10,642 | - | - | 102,206 | 10,642 | |||||||||||||||||||
Mortgage-backed securities | 159,504 | 5,991 | - | - | 159,504 | 5,991 | |||||||||||||||||||
State and municipal securities | 41,453 | 1,682 | - | - | 41,453 | 1,682 | |||||||||||||||||||
Asset-backed securities | 17,314 | 147 | - | - | 17,314 | 147 | |||||||||||||||||||
Corporate notes | 1,569 | 9 | 160 | 1 | 1,729 | 10 | |||||||||||||||||||
Total temporarily-impaired securities | $ | 322,046 | $ | 18,471 | $ | 160 | $ | 1 | $ | 322,206 | $ | 18,472 | |||||||||||||
At December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
U.S. government agency securities | 78,899 | 414 | - | - | 78,899 | 414 | |||||||||||||||||||
Mortgage-backed securities | 40,988 | 623 | - | - | 40,988 | 623 | |||||||||||||||||||
State and municipal securities | 5,179 | 126 | - | - | 5,179 | 126 | |||||||||||||||||||
Asset-backed securities | 17,353 | 9 | - | - | 17,353 | 9 | |||||||||||||||||||
Corporate notes | 162 | 4 | - | - | 162 | 4 | |||||||||||||||||||
Total temporarily-impaired securities | $ | 142,581 | $ | 1,176 | $ | - | $ | - | $ | 142,581 | $ | 1,176 | |||||||||||||
The applicable dates for determining when securities are in an unrealized loss position are September 30, 2013 and December 31, 2012. As such, it is possible that a security had a market value that exceeded its amortized cost on other days during the past twelve-month periods ended September 30, 2013 and December 31, 2012, but is in the "Investments with an Unrealized Loss of less than 12 months" category above. | |||||||||||||||||||||||||
As shown in the tables above, at September 30, 2013, Pinnacle Financial had approximately $18.5 million in unrealized losses on $322.2 million of securities. The unrealized losses associated with these investment securities are driven by changes in interest rates and the unrealized loss is recorded as a component of equity. Â These securities will continue to be monitored as a part of our ongoing impairment analysis, but are expected to perform even if the rating agencies reduce the credit rating of the bond issuers. Management evaluates the financial performance of the issuers on a quarterly basis to determine if it is probable that the issuers can make all contractual principal and interest payments. If a shortfall in future cash flows is identified, a credit loss will be deemed to have occurred and will be recognized as a charge to earnings and a new cost basis for the security will be established. | |||||||||||||||||||||||||
Because Pinnacle Financial currently does not intend to sell those securities that have an unrealized loss at September 30, 2013, and it is not more-likely-than-not that Pinnacle Financial will be required to sell the securities before recovery of their amortized cost bases, which may be maturity, Pinnacle Financial does not consider these securities to be other-than-temporarily impaired at September 30, 2013. Subsequent to September 30, 2013, Pinnacle Financial sold available-for-sale securities with a fair market value of $22.1 million and realized a loss of $1.4 million. Pinnacle Financial recorded an other-than-temporary-impairment charge in the third quarter of 2013 as a result of management's intention at September 30, 2013 to sell these specific securities at a loss pursuant to our current asset/liability strategy. | |||||||||||||||||||||||||
Periodically, available-for-sale securities may be sold or the composition of the portfolio realigned to improve yields, quality or marketability, or to implement changes in investment or asset/liability strategy, including maintaining collateral requirements and raising funds for liquidity purposes. Additionally, if an available-for-sale security loses its investment grade, tax-exempt status, the underlying credit support is terminated or collection otherwise becomes uncertain based on factors known to management, Pinnacle Financial will consider selling the security, but will review each security on a case-by-case basis as these factors become known. Consistent with the investment policy, available-for-sale securities of $1.4 million were sold and a loss of $25,000 realized during the nine months ended September 30, 2013. | |||||||||||||||||||||||||
The carrying values of Pinnacle Financial's investment securities could decline in the future if the financial condition of issuers deteriorates and management determines it is probable that Pinnacle Financial will not recover the entire amortized cost bases of the securities.  As a result, there is a risk that other-than-temporary impairment charges may occur in the future. There is a risk that other-than-temporary impairment charges may occur in the future if management's intention to hold these securities to maturity and or recovery changes. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
Note 4. Â Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
For financial reporting purposes, Pinnacle Financial classifies its loan portfolio based on the underlying collateral utilized to secure each loan. This classification is consistent with those utilized in the Quarterly Report of Condition and Income filed with the Federal Deposit Insurance Corporation (FDIC). | |||||||||||||||||||||||||||||||||
Commercial loans receive risk ratings by the assigned financial advisor subject to validation by Pinnacle Financial's independent loan review department. Â Risk ratings are categorized as pass, special mention, substandard, substandard-nonaccrual or doubtful-nonaccrual. Â Pinnacle Financial believes that its categories follow those used by Pinnacle Bank's primary regulators. Â At September 30, 2013, approximately 76% of our loan portfolio was analyzed as a commercial loan type with a specifically assigned risk rating in the allowance for loan loss assessment. Â Consumer loans and small business loans are generally not assigned an individual risk rating but are evaluated as either accrual or nonaccrual based on the performance of the individual loans. Â However, certain consumer real estate-mortgage loans and certain consumer and other loans receive a specific risk rating due to the loan proceeds being used for commercial purposes even though the collateral may be of a consumer loan nature. | |||||||||||||||||||||||||||||||||
Risk ratings are subject to continual review by the loan officer. At least annually, our credit policy requires that every risk rated loan of $500,000 or more be subject to a formal credit risk review process. Each loan grade is also subject to review by our independent loan review department, which reviews the majority of our risk rated portfolio annually. Â Included in the coverage are independent loan reviews of loans in targeted higher-risk portfolio segments. | |||||||||||||||||||||||||||||||||
The following table presents our loan balances by primary loan classification and the amount within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard, substandard-nonaccrual and doubtful-nonaccrual which are defined as follows: | |||||||||||||||||||||||||||||||||
ï‚· | Special mention loans have potential weaknesses that deserve management's close attention. Â If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in Pinnacle Financial's credit position at some future date. | ||||||||||||||||||||||||||||||||
ï‚· | Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Â Assets so classified must have a well-defined weakness or weaknesses that jeopardize collection of the debt. Â Substandard loans are characterized by the distinct possibility that Pinnacle Financial will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||||||
ï‚· | Substandard-nonaccrual loans are substandard loans that have been placed on nonaccrual status. | ||||||||||||||||||||||||||||||||
ï‚· | Doubtful-nonaccrual loans have all the characteristics of substandard-nonaccrual loans with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. | ||||||||||||||||||||||||||||||||
The following table outlines the amount of each loan classification categorized into each risk rating category as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial real estate - mortgage | Consumer real estate - mortgage | Construction and land development | Commercial and industrial | Consumer | Total | |||||||||||||||||||||||||||
and other | |||||||||||||||||||||||||||||||||
Accruing loans | |||||||||||||||||||||||||||||||||
        Pass | $ | 1,270,788 | $ | 664,152 | $ | 275,561 | $ | 1,460,479 | $ | 121,064 | $ | 3,792,044 | |||||||||||||||||||||
        Special Mention | 10,298 | 1,095 | 33,292 | 21,844 | - | 66,529 | |||||||||||||||||||||||||||
        Substandard (1) | 21,760 | 12,818 | 9,698 | 26,802 | - | 71,078 | |||||||||||||||||||||||||||
        Total | 1,302,846 | 678,065 | 318,551 | 1,509,125 | 121,064 | 3,929,651 | |||||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||||||||||
        Nonaccrual loans | |||||||||||||||||||||||||||||||||
                Substandard-nonaccrual | 10,517 | 5,195 | 1,307 | 2,728 | 243 | 19,990 | |||||||||||||||||||||||||||
                Doubtful-nonaccrual | - | - | - | - | - | - | |||||||||||||||||||||||||||
        Total nonaccrual loans | 10,517 | 5,195 | 1,307 | 2,728 | 243 | 19,990 | |||||||||||||||||||||||||||
        Troubled debt restructurings(2) | |||||||||||||||||||||||||||||||||
                Pass | 145 | 2,749 | 116 | 278 | 293 | 3,581 | |||||||||||||||||||||||||||
                Special Mention | 2,441 | - | - | - | - | 2,441 | |||||||||||||||||||||||||||
                Substandard | 10,890 | 1,249 | - | 1,500 | - | 13,639 | |||||||||||||||||||||||||||
         Total troubled debt restructurings | 13,476 | 3,998 | 116 | 1,778 | 293 | 19,661 | |||||||||||||||||||||||||||
Total impaired loans | 23,993 | 9,193 | 1,423 | 4,506 | 536 | 39,651 | |||||||||||||||||||||||||||
Total loans | $ | 1,326,839 | $ | 687,258 | $ | 319,974 | $ | 1,513,631 | $ | 121,600 | $ | 3,969,302 | |||||||||||||||||||||
31-Dec-12 | Commercial real estate - mortgage | Consumer real estate - mortgage | Construction and land development | Commercial and industrial | Consumer | Total | |||||||||||||||||||||||||||
and other | |||||||||||||||||||||||||||||||||
Accruing loans | |||||||||||||||||||||||||||||||||
        Pass | $ | 1,093,628 | $ | 649,571 | $ | 259,878 | $ | 1,390,207 | $ | 93,712 | $ | 3,486,996 | |||||||||||||||||||||
        Special Mention | 12,670 | 4,242 | 29,472 | 23,133 | - | 69,517 | |||||||||||||||||||||||||||
        Substandard (1) | 42,343 | 13,896 | 19,622 | 29,513 | - | 105,374 | |||||||||||||||||||||||||||
        Total | 1,148,641 | 667,709 | 308,972 | 1,442,853 | 93,712 | 3,661,887 | |||||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||||||||||
        Nonaccrual loans | |||||||||||||||||||||||||||||||||
                Substandard-nonaccrual | 9,290 | 5,877 | 4,509 | 3,035 | 79 | 22,790 | |||||||||||||||||||||||||||
                Doubtful-nonaccrual | 1 | 29 | - | 3 | - | 33 | |||||||||||||||||||||||||||
        Total nonaccrual loans | 9,291 | 5,906 | 4,509 | 3,038 | 79 | 22,823 | |||||||||||||||||||||||||||
        Troubled debt restructurings(2) | |||||||||||||||||||||||||||||||||
                Pass | 4,705 | 3,623 | 71 | 502 | 119 | 9,020 | |||||||||||||||||||||||||||
                Special Mention | - | - | - | - | - | - | |||||||||||||||||||||||||||
                Substandard | 15,559 | 2,688 | - | 185 | - | 18,432 | |||||||||||||||||||||||||||
         Total troubled debt restructurings | 20,264 | 6,311 | 71 | 687 | 119 | 27,452 | |||||||||||||||||||||||||||
Total impaired loans | 29,555 | 12,217 | 4,580 | 3,725 | 198 | 50,275 | |||||||||||||||||||||||||||
Total loans | $ | 1,178,196 | $ | 679,926 | $ | 313,552 | $ | 1,446,578 | $ | 93,910 | $ | 3,712,162 | |||||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
-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 the impact of substandard nonaccrual loans and substandard troubled debt restructurings. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $71.1 million at September 30, 2013, compared to $105.4 million at December 31, 2012. | ||||||||||||||||||||||||||||||||
-2 | Troubled debt restructurings are presented as an impaired loan; however, they continue to accrue interest at contractual rates. | ||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, all loans classified as nonaccrual were deemed to be impaired. The principal balances of these nonaccrual loans amounted to $20.0 million and $22.8 million at September 30, 2013 and December 31, 2012, respectively, and are included in the table above. Â For the nine months ended September 30, 2013, the average balance of nonaccrual loans was $21.0 million as compared to $38.4 million for the twelve months ended December 31, 2012. Â At the date such loans were placed on nonaccrual status, Pinnacle Financial reversed all previously accrued interest income against current year earnings. Â Had these nonaccrual loans been on accruing status, interest income would have been higher by $901,000 for the nine months ended September 30, 2013 and by $1.5 million for the nine months ended September 30, 2012. | |||||||||||||||||||||||||||||||||
The following table details the recorded investment, unpaid principal balance and related allowance and average recorded investment of our nonaccrual loans at September 30, 2013 and December 31, 2012 by loan classification and the amount of interest income recognized on a cash basis throughout the fiscal year-to-date period then ended, respectively, on these loans that remain on the balance sheets (in thousands): | |||||||||||||||||||||||||||||||||
At September 30, 2013 | For the nine months ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance(1) | Average recorded investment | Interest income recognized | |||||||||||||||||||||||||||||
Collateral dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 8,499 | $ | 8,872 | $ | - | $ | 6,874 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,235 | 2,234 | - | 2,242 | - | ||||||||||||||||||||||||||||
    Construction and land development | 546 | 545 | - | 1,069 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,763 | 1,818 | - | 1,957 | - | ||||||||||||||||||||||||||||
    Consumer and other | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | $ | 13,043 | $ | 13,469 | $ | - | $ | 12,142 | $ | - | |||||||||||||||||||||||
Cash flow dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 2,018 | $ | 2,156 | $ | 94 | $ | 2,964 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,960 | 3,210 | 267 | 3,213 | - | ||||||||||||||||||||||||||||
    Construction and land development | 761 | 837 | 40 | 803 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 965 | 1,321 | 115 | 1,668 | - | ||||||||||||||||||||||||||||
    Consumer and other | 243 | 246 | 29 | 245 | - | ||||||||||||||||||||||||||||
Total | $ | 6,947 | $ | 7,770 | $ | 545 | $ | 8,893 | $ | - | |||||||||||||||||||||||
Total nonaccrual loans | $ | 19,990 | $ | 21,239 | $ | 545 | $ | 21,035 | $ | - | |||||||||||||||||||||||
At December 31, 2012 | For the year ended | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance(1) | Average recorded investment | Interest income recognized | |||||||||||||||||||||||||||||
Collateral dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 8,740 | $ | 11,187 | $ | - | $ | 11,194 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 3,641 | 6,394 | - | 6,394 | - | ||||||||||||||||||||||||||||
    Construction and land development | 1,546 | 2,062 | - | 2,063 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,547 | 1,761 | - | 1,896 | - | ||||||||||||||||||||||||||||
    Consumer and other | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | $ | 15,474 | $ | 21,404 | $ | - | $ | 21,547 | $ | - | |||||||||||||||||||||||
Cash flow dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 551 | $ | 1,841 | $ | 154 | $ | 3,228 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,265 | 4,473 | 573 | 5,828 | - | ||||||||||||||||||||||||||||
    Construction and land development | 2,963 | 4,701 | 201 | 5,102 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,491 | 2,459 | 814 | 2,528 | - | ||||||||||||||||||||||||||||
    Consumer and other | 79 | 179 | 22 | 180 | - | ||||||||||||||||||||||||||||
Total | $ | 7,349 | $ | 13,653 | $ | 1,764 | $ | 16,866 | $ | - | |||||||||||||||||||||||
Total nonaccrual loans | $ | 22,823 | $ | 35,057 | $ | 1,764 | $ | 38,413 | $ | - | |||||||||||||||||||||||
                      | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Collateral dependent loans are typically charged-off to their net realizable value pursuant to requirements of our primary regulators and no specific allowance is carried related to those loans. | ||||||||||||||||||||||||||||||||
Pinnacle Financial's policy is that once a loan is placed on nonaccrual status each subsequent payment is reviewed on a case-by-case basis to determine if the payment should be applied to interest or principal pursuant to regulatory guidelines. Pinnacle Financial recognized no interest income from cash payments received on nonaccrual loans during the three and nine months ended September 30, 2013 or during the year ended December 31, 2012. | |||||||||||||||||||||||||||||||||
Impaired loans also include loans that Pinnacle Bank has elected to formally restructure when, due to the weakening credit status of a borrower, the restructuring may facilitate a repayment plan that seeks to minimize the potential losses that Pinnacle Bank may otherwise incur. Â If on nonaccrual status as of the date of restructuring, the loans are included in nonaccrual loans. Loans that have been restructured that were performing as of the restructure date and continue to perform in accordance with the restructured terms are reported separately as troubled debt restructurings. | |||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, there were $19.7 million and $27.5 million, respectively, of troubled debt restructurings that were performing as of their restructure date and which were accruing interest. These troubled debt restructurings are considered impaired loans pursuant to U.S. GAAP. Troubled commercial loans are restructured by specialists within our Special Assets Group, and all restructurings are approved by committees and credit officers separate and apart from the normal loan approval process. Â These specialists are charged with reducing Pinnacle Financial's overall risk and exposure to loss in the event of a restructuring by obtaining some or all of the following: Â improved documentation, additional guaranties, increase in curtailments, reduction in collateral release terms, additional collateral or other similar strategies. | |||||||||||||||||||||||||||||||||
The following table outlines the amount of each troubled debt restructuring categorized by loan classification made during the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 1 | 428 | 368 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | 1 | 50 | 43 | |||||||||||||||||||||||||||
Commercial and industrial | 1 | 37 | 32 | 2 | 1,537 | 1,322 | |||||||||||||||||||||||||||
Consumer and other | 1 | 58 | 51 | 2 | 258 | 223 | |||||||||||||||||||||||||||
2 | $ | 95 | $ | 83 | 6 | $ | 2,273 | $ | 1,956 | ||||||||||||||||||||||||
Three months ended September 30, 2012 | Nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | 3 | $ | 1,387 | $ | 1,011 | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 2 | 348 | 295 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
- | $ | - | $ | - | 5 | $ | 1,735 | $ | 1,306 | ||||||||||||||||||||||||
During the three months ended September 30, 2013 and 2012, Pinnacle Financial did not have any troubled debt restructurings that subsequently defaulted during the previous twelve months. During the nine months ended September 30, 2013, one consumer real estate loan totaling $480,000 which was previously classified as a troubled debt restructuring subsequently defaulted, within twelve months of the restructuring. During the nine months ended September 30, 2012, three consumer and industrial loans totaling $175,000 Â and two consumer and other loans totaling $153,000 which were previously classified as troubled debt restructurings subsequently defaulted, within twelve months of the restructuring. A default of a troubled debt restructuring is defined as an occurrence which violates the terms of the receivable's contract. | |||||||||||||||||||||||||||||||||
Pinnacle Financial analyzes its commercial loan portfolio to determine if a concentration of credit risk exists to any industry. Â Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Â 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 September 30, 2013 with the comparative exposures for December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||||||||||
Outstanding Principal Balances | Unfunded Commitments | Total exposure | Total Exposure at December 31, 2012 | ||||||||||||||||||||||||||||||
Lessors of nonresidential buildings | $ | 448,268 | $ | 29,354 | $ | 477,622 | $ | 440,237 | |||||||||||||||||||||||||
Lessors of residential buildings | 241,353 | 29,391 | 270,744 | 215,899 | |||||||||||||||||||||||||||||
Land subdividers | 72,240 | 13,008 | 85,248 | 108,283 | |||||||||||||||||||||||||||||
The table below presents past due balances at September 30, 2013 and December 31, 2012, by loan classification and segment allocated between accruing and nonaccrual status (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-89 days past due and accruing | 90 days or more past due and accruing | Total past due and accruing | Nonaccrual(1) | Current | Total | |||||||||||||||||||||||||||
and accruing | Loans | ||||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
    Owner-occupied | $ | 1,659 | $ | - | $ | 1,659 | $ | 9,240 | $ | 627,351 | $ | 638,250 | |||||||||||||||||||||
    All other | 2,235 | - | 2,235 | 1,277 | 685,077 | 688,589 | |||||||||||||||||||||||||||
Consumer real estate – mortgage | 2,022 | - | 2,022 | 5,195 | 680,041 | 687,258 | |||||||||||||||||||||||||||
Construction and land development | 41 | - | 41 | 1,307 | 318,626 | 319,974 | |||||||||||||||||||||||||||
Commercial and industrial | 5,293 | - | 5,293 | 2,728 | 1,505,610 | 1,513,631 | |||||||||||||||||||||||||||
Consumer and other | 1,782 | - | 1,782 | 243 | 119,575 | 121,600 | |||||||||||||||||||||||||||
$ | 13,032 | $ | - | $ | 13,032 | $ | 19,990 | $ | 3,936,280 | $ | 3,969,302 | ||||||||||||||||||||||
31-Dec-12 | 30-89 days past due and accruing | 90 days or more past due and accruing | Total past due and accruing | Nonaccrual(1) | Current | Total | |||||||||||||||||||||||||||
and accruing | Loans | ||||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
    Owner-occupied | $ | 462 | $ | - | $ | 462 | $ | 8,091 | $ | 585,848 | $ | 594,401 | |||||||||||||||||||||
    All other | 41 | - | 41 | 1,200 | 582,554 | 583,795 | |||||||||||||||||||||||||||
Consumer real estate – mortgage | 3,870 | - | 3,870 | 5,906 | 670,150 | 679,926 | |||||||||||||||||||||||||||
Construction and land development | 3,511 | - | 3,511 | 4,509 | 305,532 | 313,552 | |||||||||||||||||||||||||||
Commercial and industrial | 2,549 | - | 2,549 | 3,038 | 1,440,991 | 1,446,578 | |||||||||||||||||||||||||||
Consumer and other | 444 | - | 444 | 79 | 93,387 | 93,910 | |||||||||||||||||||||||||||
$ | 10,877 | $ | - | $ | 10,877 | $ | 22,823 | $ | 3,678,462 | $ | 3,712,162 | ||||||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Approximately $8.7 million and $9.4 million of nonaccrual loans as of September 30, 2013 and December 31, 2012, respectively, are currently performing pursuant to their contractual terms. | ||||||||||||||||||||||||||||||||
The following table shows the allowance allocation by loan classification and accrual status at September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Accruing Loans | Nonaccrual Loans | Troubled Debt Restructurings(1) | Total Allowance | ||||||||||||||||||||||||||||||
for Loan Losses | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||
Commercial real estate –mortgage | $ | 18,820 | $ | 16,642 | $ | 94 | $ | 154 | $ | 1,936 | $ | 2,838 | $ | 20,850 | $ | 19,634 | |||||||||||||||||
Consumer real estate – mortgage | 7,128 | 7,336 | 267 | 573 | 514 | 853 | 7,909 | 8,762 | |||||||||||||||||||||||||
Construction and land development | 7,978 | 8,953 | 40 | 201 | 16 | 10 | 8,034 | 9,164 | |||||||||||||||||||||||||
Commercial and industrial | 24,035 | 23,829 | 115 | 814 | 249 | 95 | 24,399 | 24,738 | |||||||||||||||||||||||||
Consumer and other | 1,415 | 1,055 | 29 | 22 | 41 | 17 | 1,485 | 1,094 | |||||||||||||||||||||||||
Unallocated | - | - | - | - | - | - | 4,603 | 6,025 | |||||||||||||||||||||||||
$ | 59,376 | $ | 57,815 | $ | 545 | $ | 1,764 | $ | 2,756 | $ | 3,813 | $ | 67,280 | $ | 69,417 | ||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Troubled debt restructurings of $19.7 million and $27.5 million as of September 30, 2013 and December 31, 2012, respectively, are classified as impaired loans pursuant to U.S. GAAP; however, these loans continue to accrue interest at contractual rates. | ||||||||||||||||||||||||||||||||
The following table details the changes in the allowance for loan losses from December 31, 2011 to December 31, 2012 to September 30, 2013 by loan classification (in thousands): | |||||||||||||||||||||||||||||||||
Commercial real estate – | Consumer real estate – mortgage | Construction and land development | Commercial and industrial | Consumer and other | Unallocated | Total | |||||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||||||
Balances, December 31, 2011 | $ | 23,397 | $ | 10,302 | $ | 12,040 | $ | 20,789 | $ | 1,125 | $ | 6,322 | $ | 73,975 | |||||||||||||||||||
    Charged-off loans | (4,667 | ) | (6,731 | ) | (2,530 | ) | (4,612 | ) | (1,117 | ) | - | (19,657 | ) | ||||||||||||||||||||
    Recovery of previously charged-off loans | 285 | 818 | 1,155 | 7,175 | 97 | - | 9,530 | ||||||||||||||||||||||||||
    Provision for loan losses | 619 | 4,373 | (1,501 | ) | 1,386 | 989 | (297 | ) | 5,569 | ||||||||||||||||||||||||
Balances, December 31, 2012 | $ | 19,634 | $ | 8,762 | $ | 9,164 | $ | 24,738 | $ | 1,094 | $ | 6,025 | $ | 69,417 | |||||||||||||||||||
    Charged-off loans | (3,888 | ) | (2,097 | ) | (1,351 | ) | (5,643 | ) | (1,109 | ) | - | (14,088 | ) | ||||||||||||||||||||
    Recovery of previously charged-off loans | 176 | 1,127 | 862 | 3,961 | 194 | - | 6,320 | ||||||||||||||||||||||||||
    Provision for loan losses | 4,928 | 117 | (641 | ) | 1,343 | 1,306 | (1,422 | ) | 5,631 | ||||||||||||||||||||||||
Balances, September 30, 2013 | $ | 20,850 | $ | 7,909 | $ | 8,034 | $ | 24,399 | $ | 1,485 | $ | 4,603 | $ | 67,280 | |||||||||||||||||||
The adequacy of the allowance for loan losses is assessed at the end of each calendar quarter. Â The level of the allowance is based upon evaluation of the loan portfolio, current asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay (including the timing of future payment), the estimated value of any underlying collateral, composition of the loan portfolio, economic conditions, historical loss experience, industry and peer bank loan quality indications and other pertinent factors, including regulatory recommendations. | |||||||||||||||||||||||||||||||||
At September 30, 2013, Pinnacle Financial had granted loans and other extensions of credit amounting to approximately $9.9 million to current directors, executive officers, and their related entities, of which $7.7 million had been drawn upon. At December 31, 2012, Pinnacle Financial had granted loans and other extensions of credit amounting to approximately $8.8 million to directors, executive officers, and their related entities, of which approximately $8.1 million had been drawn upon. Â These loans and extensions of credit were made on substantially the same terms customary for other persons similarly situated for the type of loan involved. Â None of these loans to directors, executive officers, and their related entities were impaired at September 30, 2013 or December 31, 2012. | |||||||||||||||||||||||||||||||||
Residential Lending | |||||||||||||||||||||||||||||||||
At September 30, 2013, Pinnacle Financial had approximately $17.0 million of mortgage loans held-for-sale compared to approximately $41.2 million at December 31, 2012. Â Pinnacle Financial generally has an agreement for the subsequent sale of the mortgage loan prior to the loan being closed with the borrower. Â Pinnacle Financial sells loans to third-party investors on a loan-by-loan basis and has not entered into any forward commitments with investors for future bulk loan sales. Â All of these loan sales transfer servicing rights to the buyer. Â During the nine months ended September 30, 2013, Pinnacle Financial recognized $5.1 million in gains on the sale of these loans, net of commissions paid, compared to $4.9 million during the nine months ended September 30, 2012. | |||||||||||||||||||||||||||||||||
These mortgage loans held-for-sale are originated internally and are primarily to borrowers in Pinnacle Bank's geographic markets. These sales are typically on a best efforts basis to investors that follow conventional government sponsored entities (GSE) and the Department of Housing and Urban Development/U.S. Department of Veterans Affairs (HUD/VA) guidelines. Generally, loans sold to the HUD/VA are underwritten by Pinnacle Bank while the majority of the loans sold to other investors are underwritten by the purchasers of the loans. | |||||||||||||||||||||||||||||||||
Each purchaser has specific guidelines and criteria for sellers of loans, and the risk of credit loss with regard to the principal amount of the loans sold is generally transferred to the purchasers upon sale. While the loans are sold without recourse, the purchase agreements require Pinnacle Bank to make certain representations and warranties regarding the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers in connection with obtaining the loan. If it is determined that the loans sold were in breach of these representations or warranties, Pinnacle Bank has obligations to either repurchase the loan for the unpaid principal balance and related investor fees or make the purchaser whole for the economic benefits of the loan. | |||||||||||||||||||||||||||||||||
From inception of Pinnacle Bank's mortgage department in January 2003 through September 30, 2013, Pinnacle Bank originated and sold approximately 14,600 mortgage loans totaling $3.1 billion to third-party purchasers. Â Of the approximately 14,600 mortgage loans, Pinnacle Bank underwrote approximately 3,800 conventional loans at an 80% or less loan-to-value that were sold to other investors and underwrote 3,200 loans that were sold to the HUD/VA. Â The remaining mortgage loans were underwritten by the purchasers of those loans, but funded by Pinnacle Bank until settlement with the purchaser. Â To date, repurchase activity pursuant to the terms of these representations and warranties has been insignificant to Pinnacle Bank. | |||||||||||||||||||||||||||||||||
Based on information currently available, management believes that it does not have material exposure to losses that may arise relating to the representations and warranties that it has made in connection with its mortgage loan sales. | |||||||||||||||||||||||||||||||||
Due to the focus on foreclosure practices of financial institutions nationwide, Pinnacle Bank has evaluated its foreclosure process related to home equity and consumer mortgage loans within its loan portfolio. At September 30, 2013, Pinnacle Bank has $825.4 million of home equity and consumer mortgage loans which are secured by first or second liens on residential properties. Foreclosure activity in this portfolio has been minimal. Any foreclosures on these loans are handled by designated Pinnacle Bank personnel and external legal counsel, as appropriate, following established policies regarding legal and regulatory requirements. Pinnacle Bank has not imposed any freezes on foreclosures. Based on information currently available, management believes that it does not have material exposure to faulty foreclosure practices. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Taxes [Abstract] | ' |
Income Taxes | ' |
Note 5. Â Income Taxes | |
  ASC 740, Income Taxes, defines the threshold for recognizing the benefits of tax return positions in the financial statements as "more-likely-than-not" to be sustained by the taxing authority.  As of September 30, 2013, Pinnacle Financial had no unrecognized tax benefits related to Federal or State income tax matters and does not currently anticipate any material increase or decrease in unrecognized tax benefits relative to any tax positions taken prior to September 30, 2013. As of September 30, 2013, Pinnacle Financial has accrued no interest and no penalties related to uncertain tax positions. | |
 Pinnacle Financial and its subsidiaries file consolidated U.S. Federal and state of Tennessee income tax returns. The IRS concluded its examination of the 2007, 2008, and 2009 federal tax returns during 2011. Pinnacle Financial remains open to audit under the statute of limitations by the IRS for the years ended December 31, 2010 through 2012 and by the State of Tennessee from December 31, 2009 through 2012. | |
Pinnacle Financial's effective tax rate for the three and nine months ended September 30, 2013 was 33.3% and 33.0%, respectively, compared to 30.7% and 32.3%, respectively, for the three and nine months ended September 30, 2012. Â The effective tax rate differs from the Federal income tax statutory rate of 35% and state income tax rate of 6.50% primarily due to our investments in bank qualified municipal securities, our real estate investment trust and bank-owned life insurance offset in part by meals and entertainment expense and executive compensation expense, portions of which are non-deductible. |
Commitments_and_Contingent_Lia
Commitments and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingent Liabilities [Abstract] | ' |
Commitments and Contingent Liabilities | ' |
Note 6. Â Commitments and Contingent Liabilities | |
In the normal course of business, Pinnacle Financial has entered into off-balance sheet financial instruments which include commitments to extend credit (i.e., including unfunded lines of credit) and standby letters of credit. Commitments to extend credit are usually the result of lines of credit granted to existing borrowers under agreements that the total outstanding indebtedness will not exceed a specific amount during the term of the indebtedness. Â Typical borrowers are commercial concerns that use lines of credit to supplement their treasury management functions, thus their total outstanding indebtedness may fluctuate during any time period based on the seasonality of their business and the resultant timing of their cash flows. Â Other typical lines of credit are related to home equity loans granted to consumers. Â Commitments to extend credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. Â At September 30, 2013, these commitments amounted to $1.2 billion. | |
Standby letters of credit are generally issued on behalf of an applicant (our customer) to a specifically named beneficiary and are the result of a particular business arrangement that exists between the applicant and the beneficiary. Â Standby letters of credit have fixed expiration dates and are usually for terms of two years or less unless terminated beforehand due to criteria specified in the standby letter of credit. Â A typical arrangement involves the applicant routinely being indebted to the beneficiary for such items as inventory purchases, insurance, utilities, lease guarantees or other third party commercial transactions. Â The standby letter of credit would permit the beneficiary to obtain payment from Pinnacle Financial under certain prescribed circumstances. Â Subsequently, Pinnacle Financial would then seek reimbursement from the applicant pursuant to the terms of the standby letter of credit. Â At September 30, 2013, these commitments amounted to $62.4 million. | |
Pinnacle Financial follows the same credit policies and underwriting practices when making these commitments as it does for on-balance sheet instruments. Each customer's creditworthiness is evaluated on a case-by-case basis, and the amount of collateral obtained, if any, is based on management's credit evaluation of the customer. Â Collateral held varies but may include cash, real estate and improvements, marketable securities, accounts receivable, inventory, equipment and personal property. | |
The contractual amounts of these commitments are not reflected in the consolidated financial statements and only amounts drawn upon would be reflected in the future. Â Since many of the commitments are expected to expire without being drawn upon, the contractual amounts do not necessarily represent future cash requirements. Â However, should the commitments be drawn upon and should our customers default on their resulting obligation to us, Pinnacle Financial's maximum exposure to credit loss, without consideration of collateral, is represented by the contractual amount of those commitments. Â At September 30, 2013, and December 31, 2012, Pinnacle Financial had accrued $1.4 million and $1.9 million, respectively, for the inherent risks associated with these off balance sheet commitments. | |
During the fourth quarter of 2011, a customer of Pinnacle Bank filed a putative class action lawsuit (styled John Higgins, et al, v. Pinnacle Financial Partners, Inc., d/b/a Pinnacle National Bank) in Davidson County, Tennessee Circuit Court against Pinnacle Bank and Pinnacle Financial, on his own behalf, as well as on behalf of a purported class of Pinnacle Bank's customers within the State of Tennessee alleging that Pinnacle Bank's method of ordering debit card transactions had caused customers of Pinnacle Bank to incur higher overdraft charges than had a different method been used. Pinnacle Financial and Pinnacle Bank reached a tentative settlement agreement with the plaintiff during the second quarter of 2013. Â Although the settlement has not yet been finalized, Pinnacle Financial does not believe that any liability arising from this legal matter will have a material adverse effect on Pinnacle Financial's consolidated financial condition, operating results or cash flows. | |
Various legal claims also arise from time to time in the normal course of business. Â In the opinion of management, the resolution of these claims outstanding at September 30, 2013 will not have a material impact on Pinnacle Financial's financial statements. |
Stock_Options_Stock_Appreciati
Stock Options, Stock Appreciation Rights and Restricted Shares | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Stock Options, Stock Appreciation Rights and Restricted Shares [Abstract] | ' | ||||||||||||||||
Stock Options, Stock Appreciation Rights and Restricted Shares | ' | ||||||||||||||||
Note 7. Â Stock Options, Stock Appreciation Rights and Restricted Shares | |||||||||||||||||
As described more fully in the Annual Report on Form 10-K, Pinnacle Financial has two equity incentive plans. Â Additionally, Pinnacle Financial has assumed equity plans in connection with acquisitions of Cavalry Bancorp, Inc. (Cavalry) and Mid-America Bancshares, Inc. (Mid-America) under which it has granted stock options and stock appreciation rights to its employees to purchase common stock at or above the fair market value on the date of grant and granted restricted share awards to employees and directors. At September 30, 2013, there were approximately 556,000 shares available for future issuances under the assumed plans that have not expired. | |||||||||||||||||
Common Stock Options and Stock Appreciation Rights | |||||||||||||||||
As of September 30, 2013, there were 1,087,023 stock options and 6,195 stock appreciation rights outstanding to purchase common shares. A summary of the stock option and stock appreciation rights activity within the equity incentive plans during the nine months ended September 30, 2013 and information regarding expected vesting, contractual terms remaining, intrinsic values and other matters is as follows: | |||||||||||||||||
Number | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Contractual | Value | |||||||||||||||
Price | Remaining Term | (000's) | |||||||||||||||
(in years) | |||||||||||||||||
Outstanding at December 31, 2012 | 1,318,701 | $ | 23.36 | 3.14 | $ | 2,203 | (1)Â | ||||||||||
Granted | - | ||||||||||||||||
Exercised | (191,689 | ) | |||||||||||||||
Stock appreciation rights exercised | (1,066 | ) | |||||||||||||||
Forfeited | (32,728 | ) | |||||||||||||||
Outstanding at September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2)Â | ||||||||||
Outstanding and expected to vest as of September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2) | ||||||||||
Options exercisable at September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2)Â | ||||||||||
                              | |||||||||||||||||
(1)Â Â Â Â | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $18.84 per common share at December 31, 2012 for the approximately 331,571 options and stock appreciation rights that were in-the-money at December 31, 2012. | ||||||||||||||||
-2 | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $29.56 per common share at September 30, 2013 for the approximately 758,719 options and stock appreciation rights that were in-the-money at September 30, 2013. | ||||||||||||||||
During the nine months ended September 30, 2013, approximately 33,000 option awards vested at an average exercise price of $21.51 with an intrinsic value of $263,000 at the time of vesting. | |||||||||||||||||
During the three and nine months ended September 30, 2013, Pinnacle Financial recorded stock option compensation expense of $12,000, based on Black-Scholes valuation at the date of grant compared to $79,000 and $329,000 for the three and nine months ended September 30, 2012. For these awards, Pinnacle Financial recognized compensation expense using a straight-line amortization method. Â As of September 30, 2013, there was no unrecognized compensation cost related to unvested stock options granted under our equity incentive plans. | |||||||||||||||||
Restricted Share Awards | |||||||||||||||||
Additionally, Pinnacle Financial's 2004 Equity Incentive Plan and certain of the plans assumed in connection with the acquisition of Mid-America provide for the granting of restricted share awards and other performance or market-based awards. Â There were no market-based awards outstanding as of September 30, 2013 under any of these plans. Â During the nine months ended September 30, 2013, Pinnacle Financial awarded 160,595 shares of restricted common stock to certain associates and outside directors and 193,189 restricted stock units converted to restricted share awards for certain associates. | |||||||||||||||||
A summary of activity for unvested restricted share awards for the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
Number | Grant Date Weighted-Average Cost | ||||||||||||||||
Unvested at December 31, 2012 | 739,909 | $ | 15.45 | ||||||||||||||
Shares awarded | 160,595 | 21.42 | |||||||||||||||
Conversion of restricted share units to restricted share awards | 193,189 | 21.51 | |||||||||||||||
Restrictions lapsed and shares released to associates/directors | (212,795 | ) | 15.94 | ||||||||||||||
Shares forfeited(1) | (53,070 | ) | 15.27 | ||||||||||||||
Unvested at September 30, 2013 | 827,828 | $ | 19.09 | ||||||||||||||
                              | |||||||||||||||||
(1)Â Â Â Â | Represents 26,152 shares forfeited due to failure to meet performance targets and 26,918 shares forfeited due to employee termination and/or retirement. | ||||||||||||||||
Pinnacle Financial grants restricted share awards to associates, executive management and outside directors with a combination of time and, in the case of associates, performance vesting criteria. The following table outlines restricted stock grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2013: | |||||||||||||||||
Grant | Group(1) | Vesting | Shares | Restrictions Lapsed and shares released to participants | Shares Forfeited by participants(5) | Shares Unvested | |||||||||||
Year | Period in years | awarded | |||||||||||||||
Time Based Awards(2) | |||||||||||||||||
2013 | Associates | 5 | 146,425 | - | 3,225 | 143,200 | |||||||||||
Performance Based Awards(3) | |||||||||||||||||
2013 | Leadership team | 5 | 193,189 | - | - | 193,189 | |||||||||||
Outside Director Awards(4) | |||||||||||||||||
2013 | Outside directors | 1 | 14,170 | 1,129 | - | 13,041 | |||||||||||
                                            | |||||||||||||||||
(1)    | Groups include our employees (referred to as associates above) and our outside directors. When the restricted shares are awarded, a participant receives voting rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed.  Once the restrictions lapse, the participant is taxed on the value of the award and may elect to sell some shares to pay the applicable income taxes associated with the award. | ||||||||||||||||
-2 | These shares vest in equal annual installments on the anniversary date of the grant. | ||||||||||||||||
-3 | The forfeiture restrictions on these restricted share awards lapse in separate equal installments should Pinnacle Financial achieve certain earnings and soundness targets over each year of the subsequent vesting period (or alternatively, the cumulative vesting period). | ||||||||||||||||
-4 | Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Â Restrictions lapse on the one year anniversary date of the award based on each individual board member meeting their attendance goals for the various board and board committee meetings to which each member was scheduled to attend. | ||||||||||||||||
-5 | These shares represent forfeitures resulting from associate terminations during the year-to-date period ended September 30, 2013. | ||||||||||||||||
Compensation expense associated with performance-based restricted share awards, which are issued from time-to-time, is recognized over the performance period that the restrictions associated with the awards are anticipated to lapse based on a graded vesting schedule such that each performance tranche is amortized separately. Â Compensation expense associated with the time-based restricted share awards is recognized on a straight-line basis over the time period that the restrictions associated with the awards lapse based on the total cost of the award at the grant date. Â For the three and nine months ended September 30, 2013, Pinnacle Financial recognized approximately $1.0 million and $3.0 million, respectively, in compensation costs attributable to all restricted share awards, compared to $818,000 and $2.5 million, respectively, for the three and nine months ended September 30, 2012. | |||||||||||||||||
Restricted Share Units | |||||||||||||||||
Pinnacle Financial granted 128,018 restricted share units to the senior executive officers and the Leadership Team in the first quarter of 2013. These restricted share units will be converted to restricted shares in 2014 on a tiered scale if earned based on actual 2013 results. Â The number of units that ultimately convert to unvested restricted shares will be determined after the 2013 earnings are finalized based upon the achievement of certain predetermined profitability goals for 2013 that were established on January 11, 2013 by the Human Resources and Compensation Committee of Pinnacle Financial's board of directors (HRCC). Â The number of restricted shares issuable in settlement of these restricted share units could range between 0% to 100% based on the level of 2013 profitability. Â Once these restricted share units are converted to restricted share awards, with a grant date in 2014, the forfeiture restrictions on the number of restricted shares issued in settlement of these restricted share units will lapse in 20% increments over the following five years based on the achievement of soundness thresholds to be set by the HRCC in January of each respective fiscal year. Â As the specific value of the award that will ultimately be granted to the recipients of these restricted share units and the associated performance targets cannot yet be determined, no grant was deemed to have been made, and therefore, no expense has been recognized related to these awards. |
Regulatory_Matters
Regulatory Matters | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||||||
Note 8. Â Regulatory Matters | |||||||||||||||||||||||||
Pursuant to Tennessee banking law, Pinnacle Bank may not, without the prior consent of the Commissioner of the TDFI, pay any dividends to Pinnacle Financial in a calendar year in excess of the total of Pinnacle Bank's net income for that year plus the retained net income for the preceding 2 years. Â During the nine months ended September 30, 2013, Pinnacle Bank paid $8.9 million in dividends to Pinnacle Financial. Â As of September 30, 2013, Pinnacle Bank could pay approximately $95.8 million of additional dividends to Pinnacle Financial without prior approval of the Commissioner of the TDFI. | |||||||||||||||||||||||||
Pinnacle Financial has not paid any cash dividends on its common stock since inception; however, on October 15, 2013, its board of directors approved the initiation of a quarterly cash dividend. Â The initial dividend of $0.08 per share will be paid on December 20, 2013 to shareholders of record at the close of business on November 26, 2013. Â The amount and timing of all future dividend payments is subject to the discretion of Pinnacle Financial's board of directors and will depend on Pinnacle Financial's earnings, capital position, financial condition and other factors, including new regulatory capital requirements, as they become known to us. | |||||||||||||||||||||||||
 Pinnacle Financial and Pinnacle Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions, by regulators that, if undertaken, could have a direct material effect on the financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Pinnacle Financial and Pinnacle Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require Pinnacle Financial and Pinnacle Bank to maintain minimum amounts and ratios of Total and Tier I capital to risk-weighted assets and for Pinnacle Bank of Tier I capital to average assets. Management believes, as of September 30, 2013, that Pinnacle Financial and Pinnacle Bank met all capital adequacy requirements to which they are subject. Â To be categorized as well-capitalized under applicable banking regulations, Pinnacle Financial and Pinnacle Bank must maintain minimum Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the following table and not be subject to a written agreement, order or directive to maintain a higher capital level. Â Pinnacle Financial's and Pinnacle Bank's actual capital amounts and ratios are presented in the following table (in thousands): | |||||||||||||||||||||||||
Actual | Minimum Capital | Minimum | |||||||||||||||||||||||
Requirement | To Be Well-Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Pinnacle Financial | $ | 603,484 | 13.2 | % | $ | 364,570 | 8 | % | $ | 456,867 | 10 | % | |||||||||||||
Pinnacle Bank | $ | 586,156 | 12.9 | % | $ | 363,804 | 8 | % | $ | 455,921 | 10 | % | |||||||||||||
Tier I capital to risk weighted assets: | |||||||||||||||||||||||||
Pinnacle Financial | $ | 546,376 | 12 | % | $ | 182,285 | 4 | % | $ | 274,120 | 6 | % | |||||||||||||
Pinnacle Bank | $ | 529,166 | 11.6 | % | $ | 181,902 | 4 | % | $ | 273,553 | 6 | % | |||||||||||||
Tier I capital to average assets (*): | |||||||||||||||||||||||||
Pinnacle Financial | $ | 546,376 | 10.8 | % | $ | 202,668 | 4 | % | $ | N/ | A | N/ | A | ||||||||||||
Pinnacle Bank | $ | 529,166 | 10.5 | % | $ | 201,975 | 4 | % | $ | 252,468 | 5 | % | |||||||||||||
                      | |||||||||||||||||||||||||
(*) Average assets for the above calculations were based on the most recent quarter. |
Derivative_Instruments
Derivative Instruments | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Derivative Instruments [Abstract] | ' | ||||||||||||||||||
Derivative Instruments | ' | ||||||||||||||||||
Note 9. Â Derivative Instruments | |||||||||||||||||||
Financial derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For derivatives not designated as hedges, the gain or loss is recognized in current earnings. Â Pinnacle Financial enters into interest rate swaps (swaps) to facilitate customer transactions and meet their financing needs. Â Upon entering into these instruments to meet customer needs, Pinnacle Financial enters into offsetting positions with a large U.S. financial institution in order to minimize the risk to Pinnacle Financial. Â These swaps are derivatives, but are not designated as hedging instruments. | |||||||||||||||||||
Interest rate swap contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. Â When the fair value of a derivative instrument contract is positive, this generally indicates that the counter party or customer owes Pinnacle Financial, and results in credit risk to Pinnacle Financial. Â When the fair value of a derivative instrument contract is negative, Pinnacle Financial owes the customer or counterparty and therefore, has no credit risk. | |||||||||||||||||||
A summary of Pinnacle Financial's interest rate swaps related to customers as of September 30, 2013 and December 31, 2012 is included in the following table (in thousands): | |||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Notional | Estimated | Notional | Estimated Fair Value | ||||||||||||||||
Amount | Fair Value | Amount | |||||||||||||||||
Interest rate swap agreements: | |||||||||||||||||||
Pay fixed / receive variable swaps | $ | 260,242 | $ | 11,435 | $ | 236,377 | $ | 16,132 | |||||||||||
Pay variable / receive fixed swaps | 260,242 | (11,749 | ) | 236,377 | (16,366 | ) | |||||||||||||
Total | $ | 520,484 | $ | (314 | ) | $ | 472,754 | $ | (234 | ) | |||||||||
During the second quarter of 2013, Pinnacle Financial entered into a forward cash flow hedge relationship to manage our future interest rate exposure. The hedging strategy converts the LIBOR based variable interest rate on forecasted borrowings to a fixed interest rate and protects Pinnacle Financial from floating interest rate variability.  The terms of the individual contracts within the relationship are as follows (in thousands): | |||||||||||||||||||
Forecasted | Variable | Fixed | Term | Asset/ | Unrealized Gain in Accumulated Other Comprehensive Income | ||||||||||||||
Notional | Interest | Interest | (Liabilities) | ||||||||||||||||
Amount | Rate | Rate | |||||||||||||||||
Interest Rate Swap | $ | 33,000 | 3 month LIBOR | 1.428 | % | April 2015-April 2018 | $ | 390 | $ | 237 | |||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 1.857 | % | Oct. 2015-April 2019 | 638 | 388 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 1.996 | % | Oct. 2015-Oct. 2019 | 1,278 | 776 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.265 | % | April 2016-April 2020 | 915 | 556 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.646 | % | April 2016-April 2022 | 844 | 513 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.523 | % | Oct. 2016-Oct. 2020 | 750 | 456 | ||||||||||||
198,000 | 4,815 | 2,926 | |||||||||||||||||
________ | |||||||||||||||||||
-1 | Pinnacle Financial will pay the fixed interest rate and the counterparties pay Pinnacle Financial the variable rate. | ||||||||||||||||||
-2 | No cash will be exchanged prior to the term. | ||||||||||||||||||
      The cash flow hedges were determined to be fully effective during the period presented. And therefore, no amount of ineffectiveness has been included in net income. The aggregate fair value of the swaps is recorded in other assets with changes in fair value recorded in accumulated other comprehensive (loss) income, net of tax. If a hedge was deemed to be ineffective, the amount included in accumulated other comprehensive (loss) income would be reclassified to current earnings. The hedge would no longer be considered effective if a portion of the hedge becomes ineffective, the item hedged is no longer in existence or Pinnacle Financial discontinues hedge accounting. Pinnacle Financial expects the hedges to remain fully effective during the remaining terms of the swaps. Pinnacle Financial does not expect any amounts to be reclassified from accumulated other comprehensive (loss) income related to these swaps over the next twelve months. | |||||||||||||||||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value of Financial Instruments [Abstract] | ' | ||||||||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||||||||
Note 10. Â Fair Value of Financial Instruments | |||||||||||||||||||||
FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements. Â The definition of fair value focuses on the exit price, i.e., the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, not the entry price, i.e., the price that would be paid to acquire the asset or received to assume the liability at the measurement date. Â The statement emphasizes that fair value is a market-based measurement; not an entity-specific measurement. Â Therefore, the fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. | |||||||||||||||||||||
Valuation Hierarchy | |||||||||||||||||||||
FASB ASC 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: | |||||||||||||||||||||
 | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||||
 | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | ||||||||||||||||||||
 | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. | ||||||||||||||||||||
A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Â Following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Securities available-for-sale – Where quoted prices are available for identical securities in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and certain other financial products. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation and more complex pricing models or discounted cash flows are used, securities are classified within Level 3 of the valuation hierarchy. | |||||||||||||||||||||
Nonaccrual loans – A loan is classified as nonaccrual when it is probable Pinnacle Financial will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. Nonaccrual loans are measured based on the present value of expected payments using the loan's original effective rate as the discount rate, the loan's observable market price, or the fair value of the collateral less selling costs if the loan is collateral dependent. If the recorded investment in the nonaccrual loan exceeds the measure of fair value, a valuation allowance may be established as a component of the allowance for loan losses or the difference may be recognized as a charge-off. Nonaccrual loans are classified within Level 3 of the hierarchy due to the unobservable inputs used in determining their fair value such as collateral values and the borrower's underlying financial condition. | |||||||||||||||||||||
Alternative investments – Included in other investments are alternative investments in certain nonpublic private equity funds.  The valuation of nonpublic private equity investments requires significant management judgment due to the absence of observable quoted market prices, inherent lack of liquidity and the long-term nature of such assets. These investments are valued initially based upon transaction price. The carrying values of other investments are adjusted either upwards or downwards from the transaction price to reflect expected exit values as evidenced by financing and sale transactions with third parties, or when determination of a valuation adjustment is confirmed through ongoing reviews by senior investment managers. A variety of factors are reviewed and monitored to assess positive and negative changes in valuation including, but not limited to, current operating performance and future expectations of the particular investment, industry valuations of comparable public companies and changes in market outlook and the third-party financing environment over time. In determining valuation adjustments resulting from the investment review process, emphasis is placed on current company performance and market conditions. These investments are included in Level 3 of the valuation hierarchy as these funds are not widely traded and the underling investments of such funds are often privately-held and/or start-up companies for which market values are not readily available. | |||||||||||||||||||||
Other real estate owned – Other real estate owned (OREO) represents real estate foreclosed upon by Pinnacle Bank through loan defaults by customers or acquired by deed in lieu of foreclosure.  Substantially all of these amounts relate to lots, homes and development projects that are either completed or are in various stages of construction for which Pinnacle Financial believes it has adequate collateral. Upon foreclosure, the property is recorded at the lower of cost or fair value, based on appraised value, less selling costs estimated as of the date acquired with any loss recognized as a charge-off through the allowance for loan losses.  Additional OREO losses for subsequent valuation downward adjustments are determined on a specific property basis and are included as a component of noninterest expense along with holding costs.  Any gains or losses realized at the time of disposal are also reflected in noninterest expense, as applicable.  OREO is included in Level 3 of the valuation hierarchy due to the lack of observable market inputs into the determination of fair value.  Appraisal values are property-specific and sensitive to the changes in the overall economic environment. | |||||||||||||||||||||
Other assets – Included in other assets are certain assets carried at fair value, including interest rate swap agreements to facilitate customer transactions and the cash flow hedge relationship.  The carrying amount of interest rate swap agreements is based on Pinnacle Financial's pricing models that utilize observable market inputs. The fair value of the cash flow hedge is determined using the income approach by comparing the discounted fixed rate cash flows with the discounted variable rate cash flows. The difference between these discounted cash flows represents the fair value of the hedge.  Pinnacle Financial reflects these assets within Level 2 of the valuation hierarchy as these assets are valued using similar transactions that occur in the market. | |||||||||||||||||||||
Liabilities | |||||||||||||||||||||
Other liabilities – Pinnacle Financial has certain liabilities carried at fair value including certain interest rate swap agreements to facilitate customer transactions.  The fair value of these liabilities is based on Pinnacle Financial's pricing models that utilize observable market inputs and is reflected within Level 2 of the valuation hierarchy. | |||||||||||||||||||||
The following tables present financial instruments measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, by caption on the consolidated balance sheets and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): | |||||||||||||||||||||
30-Sep-13 | Total carrying value in the consolidated balance sheet | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market parameters | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
    U.S. Treasury securities | $ | 5,000 | $ | 5,000 | $ | - | $ | - | |||||||||||||
    U.S. government agency securities | 127,490 | - | 127,490 | - | |||||||||||||||||
    Mortgage-backed securities | 394,330 | - | 394,330 | - | |||||||||||||||||
    State and municipal securities | 148,790 | - | 148,790 | - | |||||||||||||||||
    Agency-backed securities | 17,314 | - | 17,314 | - | |||||||||||||||||
    Corporate notes and other | 11,367 | - | 11,367 | - | |||||||||||||||||
Total investment securities available-for-sale | $ | 704,291 | $ | 5,000 | $ | 699,291 | $ | - | |||||||||||||
Alternative investments | 5,965 | - | - | 5,965 | |||||||||||||||||
Other assets | 16,250 | - | 16,250 | - | |||||||||||||||||
Total assets at fair value | $ | 726,506 | $ | 5,000 | $ | 715,541 | $ | 5,965 | |||||||||||||
Other liabilities | $ | 11,749 | $ | - | $ | 11,749 | $ | - | |||||||||||||
Total liabilities at fair value | $ | 11,749 | $ | - | $ | 11,749 | $ | - | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
    U.S. government agency securities | $ | 110,452 | $ | - | $ | 110,452 | $ | - | |||||||||||||
    Mortgage-backed securities | 375,651 | - | 375,651 | - | |||||||||||||||||
    State and municipal securities | 191,727 | - | 191,727 | - | |||||||||||||||||
    Agency-backed securities | 17,352 | - | 17,352 | - | |||||||||||||||||
    Corporate notes and other | 11,396 | - | 11,396 | - | |||||||||||||||||
Total investment securities available-for-sale | 706,578 | - | 706,578 | - | |||||||||||||||||
Alternative investments | 4,214 | - | - | 4,214 | |||||||||||||||||
Other assets | 16,599 | - | 16,132 | 467 | |||||||||||||||||
Total assets at fair value | $ | 727,391 | $ | - | $ | 722,710 | $ | 4,681 | |||||||||||||
Other liabilities | $ | 16,366 | $ | - | $ | 16,366 | $ | - | |||||||||||||
Total liabilities at fair value | $ | 16,366 | $ | - | $ | 16,366 | $ | - | |||||||||||||
30-Sep-13 | Total carrying value in the consolidated balance sheet | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market | Total | ||||||||||||||||
(Level 1) | (Level 2) | parameters | losses for the year-to-date period then ended | ||||||||||||||||||
(Level 3) | |||||||||||||||||||||
Other real estate owned | $ | 15,522 | $ | - | $ | - | $ | 15,522 | $ | (1,708 | ) | ||||||||||
Nonaccrual loans, net (1) | 19,445 | - | - | 19,445 | (3,135 | ) | |||||||||||||||
Total | $ | 34,967 | $ | - | $ | - | $ | 34,967 | $ | (4,843 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||
Other real estate owned | $ | 18,580 | $ | - | $ | - | $ | 18,580 | $ | (5,428 | ) | ||||||||||
Nonaccrual loans, net (1) | 21,059 | - | - | 21,059 | (4,745 | ) | |||||||||||||||
Total | $ | 39,639 | $ | - | $ | - | $ | 39,639 | $ | (10,173 | ) | ||||||||||
                                                          | |||||||||||||||||||||
(1)Â Â Â Â | Amount is net of a valuation allowance of $545,000 at September 30, 2013 and $1.8 million at December 31, 2012 as required by ASC 310-10, "Receivables." | ||||||||||||||||||||
In the case of the bond portfolio, Pinnacle Financial monitors the portfolio to ascertain when transfers between levels have been affected. Â The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. Â For the three and nine months ended September 30, 2013, there were no transfers between Levels 1, 2 or 3. | |||||||||||||||||||||
The table below includes a rollforward of the balance sheet amounts for the three and nine months ended September 30, 2013 (including the change in fair value) for financial instruments classified by Pinnacle Financial within Level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since Level 3 financial instruments typically include, in addition to the unobservable or Level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): | |||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Other assets | Other liabilities | Other assets | Other liabilities | ||||||||||||||||||
Fair value, January 1 | $ | 4,681 | $ | - | $ | 3,400 | $ | - | |||||||||||||
Total realized gains included in income | (366 | ) | - | 641 | - | ||||||||||||||||
Change in unrealized gains/losses included in other comprehensive income | |||||||||||||||||||||
     for assets and liabilities still held at September 30 | - | - | - | - | |||||||||||||||||
Purchases, issuances and settlements, net | 1,650 | - | 189 | - | |||||||||||||||||
Transfers out of Level 3 | - | - | - | - | |||||||||||||||||
Fair value, September 30 | $ | 5,965 | $ | - | $ | 4,230 | $ | - | |||||||||||||
Total realized gains (losses) included in income related to financial assets | |||||||||||||||||||||
 and liabilities still on the consolidated balance sheet at September 30 | $ | (366 | ) | $ | - | $ | 641 | $ | - | ||||||||||||
The following methods and assumptions were used by Pinnacle Financial in estimating its fair value disclosures for financial instruments that are not measured at fair value. In cases where quoted market prices are not available, fair values are based on estimates using discounted cash flow models. Those models are significantly affected by the assumptions used, including the discount rates, estimates of future cash flows and borrower creditworthiness. The fair value estimates presented herein are based on pertinent information available to management as of September 30, 2013 and December 31, 2012. Such amounts have not been revalued for purposes of these consolidated financial statements since those dates and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. | |||||||||||||||||||||
Securities held-to-maturity- Estimated fair values for investment securities are based on quoted market prices where available. Â If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs or quoted prices of securities with similar characteristics. | |||||||||||||||||||||
Loans, net - The fair value of our loan portfolio includes a credit risk factor in the determination of the fair value of our loans. Â This credit risk assumption is intended to approximate the fair value that a market participant would realize in a hypothetical orderly transaction. Â Our loan portfolio is initially fair valued using a segmented approach. We divide our loan portfolio into the following categories: variable rate loans, impaired loans and all other loans. The results are then adjusted to account for credit risk. | |||||||||||||||||||||
For variable-rate loans that reprice frequently and have no significant change in credit risk, fair values approximate carrying values. Fair values for impaired loans are  estimated using discounted cash flow models or based on the fair value of the underlying collateral.  For other loans, fair values are estimated using discounted cash flow models, using current market interest rates offered for loans with similar terms to borrowers of similar credit quality. The values derived from the discounted cash flow approach for each of the above portfolios are then further discounted to incorporate credit risk to determine the exit price. | |||||||||||||||||||||
Mortgage loans held-for-sale - Mortgage loans held-for-sale are carried at the lower of cost or fair value. Â The estimate of fair value is based on pricing models and other information. | |||||||||||||||||||||
Deposits, securities sold under agreements to repurchase, Federal Home Loan Bank (FHLB) advances, subordinated debt and other borrowings - The carrying amounts of demand deposits, savings deposits, securities sold under agreements to repurchase, floating rate advances from the FHLB, floating rate subordinated debt and other borrowings, and floating rate loans approximate their fair values. Fair values for certificates of deposit, fixed rate advances from the FHLB and fixed rate subordinated debt are estimated using discounted cash flow models, using current market interest rates offered on certificates, advances and other borrowings with similar remaining maturities. Â For fixed rate subordinated debt, the maturity is assumed to be as of the earliest date that the indebtedness will be repriced. | |||||||||||||||||||||
Off-balance sheet instruments - The fair values of Pinnacle Financial's off-balance-sheet financial instruments are based on fees charged to enter into similar agreements. However, commitments to extend credit do not represent a significant value to Pinnacle Financial until such commitments are funded. | |||||||||||||||||||||
The following table presents the carrying amounts, estimated fair value and placement in the fair value hierarchy of Pinnacle Financial's financial instruments at September 30, 2013 and December 31, 2012. Â This table excludes financial instruments for which the carrying amount approximates fair value. Â For short-term financial assets such as cash and cash equivalents, 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. Â 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. | |||||||||||||||||||||
(dollars in thousands) | Carrying/ | Estimated | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market | ||||||||||||||||
30-Sep-13 | Notional | Fair Value(1) | (Level 1) | (Level 2) | parameters | ||||||||||||||||
Amount | (Level 3) | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 39,594 | $ | 38,718 | $ | - | $ | 38,718 | $ | - | |||||||||||
Loans, net | 3,969,302 | 3,587,031 | - | - | 3,587,031 | ||||||||||||||||
Mortgage loans held-for-sale | 16,962 | 17,290 | - | 17,290 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under | |||||||||||||||||||||
agreements to repurchase | 4,417,575 | 4,065,286 | - | - | 4,065,286 | ||||||||||||||||
Federal Home Loan Bank advances | 115,671 | 115,634 | - | - | 115,634 | ||||||||||||||||
Subordinated debt and other borrowings | 99,283 | 73,650 | - | - | 73,650 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit (2) | 1,161,846 | 1,097 | - | - | 1,097 | ||||||||||||||||
Standby letters of credit (3) | 62,363 | 274 | - | - | 274 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 575 | $ | 583 | $ | - | $ | 583 | $ | - | |||||||||||
Loans, net | 3,642,744 | 3,358,435 | - | - | 3,358,435 | ||||||||||||||||
Mortgage loans held for sale | 41,195 | 42,425 | - | 42,425 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under | |||||||||||||||||||||
agreements to repurchase | 4,129,855 | 4,084,314 | - | - | 4,084,314 | ||||||||||||||||
Federal Home Loan Bank advances | 75,850 | 76,350 | - | - | 76,350 | ||||||||||||||||
Subordinated debt and other borrowings | 106,158 | 83,862 | - | - | 83,862 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit (2) | 1,030,723 | 1,594 | - | - | 1,594 | ||||||||||||||||
Standby letters of credit (3) | 74,679 | 304 | - | - | 304 | ||||||||||||||||
                                            | |||||||||||||||||||||
(1)Â Â Â Â | 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. | ||||||||||||||||||||
-2 | At the end of each quarter, Pinnacle Financial evaluates the inherent risks of the outstanding off-balance sheet commitments. Â In making this evaluation, Pinnacle Financial evaluates the credit worthiness of the borrower, the collateral supporting the commitments and any other factors similar to those used to evaluate the inherent risks of our loan portfolio. Â Additionally, Pinnacle Financial evaluates the probability that the outstanding commitment will eventually become a funded loan. Â As a result, at September 30, 2013 and December 31, 2012, Pinnacle Financial included in other liabilities $1.4 million and $1.9 million, respectively, representing the inherent risks associated with these off-balance sheet commitments. | ||||||||||||||||||||
-3 | At September 30, 2013 and December 31, 2012, the fair value of Pinnacle Financial's standby letters of credit was $274,000 and $304,000, respectively. Â This amount represents the unamortized fee associated with these standby letters of credit and is included in the consolidated balance sheet of Pinnacle Financial and is believed to approximate fair value. This fair value will decrease over time as the existing standby letters of credit approach their expiration dates. |
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | ||||||||||||||||||||
Variable Interest Entities | ' | ||||||||||||||||||||
Note 11. Â Variable Interest Entities | |||||||||||||||||||||
Under ASC 810, Pinnacle Financial is deemed to be the primary beneficiary and required to consolidate a variable interest entity (VIE) if it has a variable interest in the VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. ASC 810 requires continual reconsideration of conclusions reached regarding which interest holder is a VIE's primary beneficiary and disclosures surrounding those VIE's which have not been consolidated. The consolidation methodology provided in this footnote for the quarter ended September 30, 2013, and the year ended December 31, 2012, has been prepared in accordance with ASC 810. | |||||||||||||||||||||
At September 30, 2013, Pinnacle Financial did not have any consolidated VIEs to disclose but did have several nonconsolidated VIEs. Â As discussed more fully in its Annual Report on Form 10-K for the fiscal year ended December 31, 2012, Pinnacle Financial has the following non-consolidated variable interest entities: low income housing partnerships, trust preferred issuances, accruing restructured commercial loans, and managed discretionary trusts. | |||||||||||||||||||||
The following table summarizes VIE's that are not consolidated by Pinnacle Financial as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Assets Recognized (maximum loss) | Liability | Assets Recognized (maximum loss) | Liability | Balance Sheet | |||||||||||||||||
Type | Recognized | Recognized | Classification | ||||||||||||||||||
Low income housing partnerships | $ | 5,993 | $ | - | $ | 6,096 | $ | - | Other assets | ||||||||||||
Trust preferred issuances | N/ | A | 82,476 | N/ | A | 82,476 | Subordinated debt | ||||||||||||||
Commercial troubled debt restructurings | 15,254 | - | 20,951 | - | Loans | ||||||||||||||||
Managed discretionary trusts | N/ | A | N/ | A | N/ | A | N/ | A | N/ | A | |||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation — The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (U.S. GAAP).  All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods covered by the report have been included.  The accompanying unaudited consolidated financial statements should be read in conjunction with the Pinnacle Financial consolidated financial statements and related notes appearing in the 2012 Annual Report previously filed on Form 10-K. | |
These consolidated financial statements include the accounts of Pinnacle Financial and its wholly-owned subsidiaries. PNFP Statutory Trust I, PNFP Statutory Trust II, PNFP Statutory Trust III and PNFP Statutory Trust IV are affiliates of Pinnacle Financial and are included in these consolidated financial statements pursuant to the equity method of accounting. Significant intercompany transactions and accounts are eliminated in consolidation. | |
Use of Estimates | ' |
Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, any potential impairment of intangible assets, including goodwill and the valuation of deferred tax assets, other real estate owned, and our investment portfolio, including other-than-temporary impairment. These financial statements should be read in conjunction with Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2012. There have been no significant changes to Pinnacle Financial's significant accounting policies as disclosed in Pinnacle Financial's Annual Report on Form 10-K for the year ended December 31, 2012. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements —  In February 2013, the FASB issued Accounting Standards Update 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" which provides disclosure guidance on amounts reclassified out of AOCI by component.  The adoption did not have any impact on our financial position or results of operations but has impacted our financial statement disclosure. As shown on the statement of comprehensive income for the three and nine months ended September 30, 2013, Pinnacle Financial reclassified approximately $876,000 and $891,000 of net losses out of other comprehensive income into loss on the sale of investment securities, net of tax, compared to reclassifications of net losses for the three months ended ended September 30, 2012, of approximately $30,000, net of tax and net gains for the nine months ended September 30, 2012, of $99,000, net of tax. | |
Goodwill and Intangible Assets Disclosure [Text Block] | ' |
      Goodwill — ASU No. 2011-8 provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the quantitative two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). Based on the qualitative assessment, if an entity determines that the fair value of a reporting unit is more than its carrying amount, the quantitative two-step goodwill impairment test is not required.Pinnacle Financial performed our annual assessment as of September 30, 2013. The results of our qualitative assessment indicated that the fair value of our reporting units was more than its carrying value, and accordingly, the two-step goodwill impairment test was not performed. | |
Income per Common Share Policy | ' |
Income Per Common Share — Basic net income per common share available to common stockholders (EPS) is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period.  For the three and nine months ended September 30, 2012, weighted average common shares outstanding also include salary stock units issued to the named executive officers.  Diluted EPS reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted.  The difference between basic and diluted weighted average shares outstanding is attributable to common stock options, common stock appreciation rights, warrants and dilutive restricted shares. The dilutive effect of outstanding options, common stock appreciation rights, warrants and restricted shares is reflected in diluted EPS by application of the treasury stock method. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||||||||||||
Supplemental Cash Flow Information | ' | ||||||||||||||||
Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for each of the nine months ended September 30, 2013 and 2012 was as follows: | |||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Cash Transactions: | |||||||||||||||||
Interest paid | $ | 12,434,753 | $ | 18,317,526 | |||||||||||||
Income taxes paid, net | 20,850,009 | 5,699,106 | |||||||||||||||
Noncash Transactions: | |||||||||||||||||
Loans charged-off to the allowance for loan losses | 14,088,656 | 11,265,378 | |||||||||||||||
Loans foreclosed upon and transferred to other real estate owned | 3,491,421 | 8,489,792 | |||||||||||||||
Available-for-sale securities transferred to held-to-maturity portfolio | 39,959,647 | - | |||||||||||||||
Basic and Diluted Earnings Per Share Calculations | ' | ||||||||||||||||
The following is a summary of the basic and diluted net income per share calculations for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic net income per share calculation: | |||||||||||||||||
Numerator - Net income available to common stockholders | $ | 14,646,950 | $ | 11,349,125 | $ | 42,405,607 | $ | 26,339,683 | |||||||||
Denominator - Average common shares outstanding | 34,282,899 | 33,939,248 | 34,148,562 | 33,879,186 | |||||||||||||
Basic net income per share available to common stockholders | $ | 0.43 | $ | 0.33 | $ | 1.24 | $ | 0.78 | |||||||||
Diluted net income per share calculation: | |||||||||||||||||
Numerator – Net income available to common stockholders | $ | 14,646,950 | $ | 11,349,125 | $ | 42,405,607 | $ | 26,339,683 | |||||||||
Denominator - Average common shares outstanding | 34,282,899 | 33,939,248 | 34,148,562 | 33,879,186 | |||||||||||||
Dilutive shares contingently issuable | 323,668 | 583,828 | 267,214 | 594,709 | |||||||||||||
Average diluted common shares outstanding | 34,606,567 | 34,523,076 | 34,415,776 | 34,473,895 | |||||||||||||
Diluted net income per share available to common stockholders | $ | 0.42 | $ | 0.33 | $ | 1.23 | $ | 0.76 |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary of Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2013 and December 31, 2012 are summarized as follows (in thousands): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 4,999 | $ | 1 | $ | - | $ | 5,000 | |||||||||||||||||
U.S. government agency securities | 137,908 | 225 | 10,642 | 127,491 | |||||||||||||||||||||
Mortgage-backed securities | 390,179 | 10,142 | 5,991 | 394,330 | |||||||||||||||||||||
State and municipal securities | 142,943 | 6,581 | 734 | 148,790 | |||||||||||||||||||||
Asset-backed securities | 17,461 | - | 147 | 17,314 | |||||||||||||||||||||
Corporate notes and other | 10,224 | 1,153 | 10 | 11,367 | |||||||||||||||||||||
$ | 703,714 | $ | 18,102 | $ | 17,524 | $ | 704,292 | ||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
State and municipal securities | $ | 39,594 | $ | 72 | $ | 948 | $ | 38,718 | |||||||||||||||||
$ | 39,594 | $ | 72 | $ | 948 | $ | 38,718 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
U.S. government agency securities | 110,817 | 49 | 414 | 110,452 | |||||||||||||||||||||
Mortgage-backed securities | 360,504 | 15,770 | 623 | 375,651 | |||||||||||||||||||||
State and municipal securities | 177,364 | 14,489 | 126 | 191,727 | |||||||||||||||||||||
Asset-backed securities | 17,361 | - | 9 | 17,352 | |||||||||||||||||||||
Corporate notes and other | 9,881 | 1,519 | 4 | 11,396 | |||||||||||||||||||||
$ | 675,927 | $ | 31,827 | 1,176 | $ | 707 | |||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
State and municipal securities | $ | 575 | $ | 8 | $ | - | $ | 1 | |||||||||||||||||
$ | 575 | $ | 8 | $ | - | $ | 1 | ||||||||||||||||||
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | ' | ||||||||||||||||||||||||
The amortized cost and fair value of debt securities as of September 30, 2013 by contractual maturity are shown below. Actual maturities may differ from contractual maturities of mortgage- and asset-backed securities since the mortgages and assets underlying the securities may be called or prepaid with or without penalty. Therefore, these securities are not included in the maturity categories in the following summary (in thousands): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized Cost | Fair | ||||||||||||||||||||||
Cost | Value | Value | |||||||||||||||||||||||
Due in one year or less | $ | 8,458 | $ | 8,486 | $ | 320 | $ | 320 | |||||||||||||||||
Due in one year to five years | 26,415 | 27,000 | 12,476 | 12,465 | |||||||||||||||||||||
Due in five years to ten years | 143,804 | 144,830 | 15,529 | 15,127 | |||||||||||||||||||||
Due after ten years | 117,187 | 112,331 | 11,269 | 10,806 | |||||||||||||||||||||
Mortgage-backed securities | 390,179 | 394,330 | - | - | |||||||||||||||||||||
Asset-backed securities | 17,461 | 17,314 | - | - | |||||||||||||||||||||
$ | 703,504 | $ | 704,291 | $ | 39,594 | $ | 38,718 | ||||||||||||||||||
Classification of Investments According to Term of Unrealized Losses of Less than Twelve Months or Twelve Months or Longer | ' | ||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the following investments had unrealized losses. The table below classifies these investments according to the term of the unrealized losses of less than twelve months or twelve months or longer (in thousands): | |||||||||||||||||||||||||
Investments with an Unrealized Loss of | Investments with an | Total Investments | |||||||||||||||||||||||
less than 12 months | Unrealized Loss of | with an | |||||||||||||||||||||||
12 months or longer | Unrealized Loss | ||||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized | ||||||||||||||||||||
Losses | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
U.S. government agency securities | 102,206 | 10,642 | - | - | 102,206 | 10,642 | |||||||||||||||||||
Mortgage-backed securities | 159,504 | 5,991 | - | - | 159,504 | 5,991 | |||||||||||||||||||
State and municipal securities | 41,453 | 1,682 | - | - | 41,453 | 1,682 | |||||||||||||||||||
Asset-backed securities | 17,314 | 147 | - | - | 17,314 | 147 | |||||||||||||||||||
Corporate notes | 1,569 | 9 | 160 | 1 | 1,729 | 10 | |||||||||||||||||||
Total temporarily-impaired securities | $ | 322,046 | $ | 18,471 | $ | 160 | $ | 1 | $ | 322,206 | $ | 18,472 | |||||||||||||
At December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
U.S. government agency securities | 78,899 | 414 | - | - | 78,899 | 414 | |||||||||||||||||||
Mortgage-backed securities | 40,988 | 623 | - | - | 40,988 | 623 | |||||||||||||||||||
State and municipal securities | 5,179 | 126 | - | - | 5,179 | 126 | |||||||||||||||||||
Asset-backed securities | 17,353 | 9 | - | - | 17,353 | 9 | |||||||||||||||||||
Corporate notes | 162 | 4 | - | - | 162 | 4 | |||||||||||||||||||
Total temporarily-impaired securities | $ | 142,581 | $ | 1,176 | $ | - | $ | - | $ | 142,581 | $ | 1,176 |
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||||
Summary of Amount of Each Loan Classification, Categorized into Each Risk Rating Class | ' | ||||||||||||||||||||||||||||||||
The following table outlines the amount of each loan classification categorized into each risk rating category as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial real estate - mortgage | Consumer real estate - mortgage | Construction and land development | Commercial and industrial | Consumer | Total | |||||||||||||||||||||||||||
and other | |||||||||||||||||||||||||||||||||
Accruing loans | |||||||||||||||||||||||||||||||||
        Pass | $ | 1,270,788 | $ | 664,152 | $ | 275,561 | $ | 1,460,479 | $ | 121,064 | $ | 3,792,044 | |||||||||||||||||||||
        Special Mention | 10,298 | 1,095 | 33,292 | 21,844 | - | 66,529 | |||||||||||||||||||||||||||
        Substandard (1) | 21,760 | 12,818 | 9,698 | 26,802 | - | 71,078 | |||||||||||||||||||||||||||
        Total | 1,302,846 | 678,065 | 318,551 | 1,509,125 | 121,064 | 3,929,651 | |||||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||||||||||
        Nonaccrual loans | |||||||||||||||||||||||||||||||||
                Substandard-nonaccrual | 10,517 | 5,195 | 1,307 | 2,728 | 243 | 19,990 | |||||||||||||||||||||||||||
                Doubtful-nonaccrual | - | - | - | - | - | - | |||||||||||||||||||||||||||
        Total nonaccrual loans | 10,517 | 5,195 | 1,307 | 2,728 | 243 | 19,990 | |||||||||||||||||||||||||||
        Troubled debt restructurings(2) | |||||||||||||||||||||||||||||||||
                Pass | 145 | 2,749 | 116 | 278 | 293 | 3,581 | |||||||||||||||||||||||||||
                Special Mention | 2,441 | - | - | - | - | 2,441 | |||||||||||||||||||||||||||
                Substandard | 10,890 | 1,249 | - | 1,500 | - | 13,639 | |||||||||||||||||||||||||||
         Total troubled debt restructurings | 13,476 | 3,998 | 116 | 1,778 | 293 | 19,661 | |||||||||||||||||||||||||||
Total impaired loans | 23,993 | 9,193 | 1,423 | 4,506 | 536 | 39,651 | |||||||||||||||||||||||||||
Total loans | $ | 1,326,839 | $ | 687,258 | $ | 319,974 | $ | 1,513,631 | $ | 121,600 | $ | 3,969,302 | |||||||||||||||||||||
31-Dec-12 | Commercial real estate - mortgage | Consumer real estate - mortgage | Construction and land development | Commercial and industrial | Consumer | Total | |||||||||||||||||||||||||||
and other | |||||||||||||||||||||||||||||||||
Accruing loans | |||||||||||||||||||||||||||||||||
        Pass | $ | 1,093,628 | $ | 649,571 | $ | 259,878 | $ | 1,390,207 | $ | 93,712 | $ | 3,486,996 | |||||||||||||||||||||
        Special Mention | 12,670 | 4,242 | 29,472 | 23,133 | - | 69,517 | |||||||||||||||||||||||||||
        Substandard (1) | 42,343 | 13,896 | 19,622 | 29,513 | - | 105,374 | |||||||||||||||||||||||||||
        Total | 1,148,641 | 667,709 | 308,972 | 1,442,853 | 93,712 | 3,661,887 | |||||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||||||||||
        Nonaccrual loans | |||||||||||||||||||||||||||||||||
                Substandard-nonaccrual | 9,290 | 5,877 | 4,509 | 3,035 | 79 | 22,790 | |||||||||||||||||||||||||||
                Doubtful-nonaccrual | 1 | 29 | - | 3 | - | 33 | |||||||||||||||||||||||||||
        Total nonaccrual loans | 9,291 | 5,906 | 4,509 | 3,038 | 79 | 22,823 | |||||||||||||||||||||||||||
        Troubled debt restructurings(2) | |||||||||||||||||||||||||||||||||
                Pass | 4,705 | 3,623 | 71 | 502 | 119 | 9,020 | |||||||||||||||||||||||||||
                Special Mention | - | - | - | - | - | - | |||||||||||||||||||||||||||
                Substandard | 15,559 | 2,688 | - | 185 | - | 18,432 | |||||||||||||||||||||||||||
         Total troubled debt restructurings | 20,264 | 6,311 | 71 | 687 | 119 | 27,452 | |||||||||||||||||||||||||||
Total impaired loans | 29,555 | 12,217 | 4,580 | 3,725 | 198 | 50,275 | |||||||||||||||||||||||||||
Total loans | $ | 1,178,196 | $ | 679,926 | $ | 313,552 | $ | 1,446,578 | $ | 93,910 | $ | 3,712,162 | |||||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
-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 the impact of substandard nonaccrual loans and substandard troubled debt restructurings. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $71.1 million at September 30, 2013, compared to $105.4 million at December 31, 2012. | ||||||||||||||||||||||||||||||||
-2 | Troubled debt restructurings are presented as an impaired loan; however, they continue to accrue interest at contractual rates. | ||||||||||||||||||||||||||||||||
Summary of Recorded Investment, Unpaid Principal Balance and Related Allowance and Average Recorded Investment of Impaired Loans | ' | ||||||||||||||||||||||||||||||||
The following table details the recorded investment, unpaid principal balance and related allowance and average recorded investment of our nonaccrual loans at September 30, 2013 and December 31, 2012 by loan classification and the amount of interest income recognized on a cash basis throughout the fiscal year-to-date period then ended, respectively, on these loans that remain on the balance sheets (in thousands): | |||||||||||||||||||||||||||||||||
At September 30, 2013 | For the nine months ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance(1) | Average recorded investment | Interest income recognized | |||||||||||||||||||||||||||||
Collateral dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 8,499 | $ | 8,872 | $ | - | $ | 6,874 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,235 | 2,234 | - | 2,242 | - | ||||||||||||||||||||||||||||
    Construction and land development | 546 | 545 | - | 1,069 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,763 | 1,818 | - | 1,957 | - | ||||||||||||||||||||||||||||
    Consumer and other | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | $ | 13,043 | $ | 13,469 | $ | - | $ | 12,142 | $ | - | |||||||||||||||||||||||
Cash flow dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 2,018 | $ | 2,156 | $ | 94 | $ | 2,964 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,960 | 3,210 | 267 | 3,213 | - | ||||||||||||||||||||||||||||
    Construction and land development | 761 | 837 | 40 | 803 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 965 | 1,321 | 115 | 1,668 | - | ||||||||||||||||||||||||||||
    Consumer and other | 243 | 246 | 29 | 245 | - | ||||||||||||||||||||||||||||
Total | $ | 6,947 | $ | 7,770 | $ | 545 | $ | 8,893 | $ | - | |||||||||||||||||||||||
Total nonaccrual loans | $ | 19,990 | $ | 21,239 | $ | 545 | $ | 21,035 | $ | - | |||||||||||||||||||||||
At December 31, 2012 | For the year ended | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance(1) | Average recorded investment | Interest income recognized | |||||||||||||||||||||||||||||
Collateral dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 8,740 | $ | 11,187 | $ | - | $ | 11,194 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 3,641 | 6,394 | - | 6,394 | - | ||||||||||||||||||||||||||||
    Construction and land development | 1,546 | 2,062 | - | 2,063 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,547 | 1,761 | - | 1,896 | - | ||||||||||||||||||||||||||||
    Consumer and other | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | $ | 15,474 | $ | 21,404 | $ | - | $ | 21,547 | $ | - | |||||||||||||||||||||||
Cash flow dependent nonaccrual loans: | |||||||||||||||||||||||||||||||||
    Commercial real estate – mortgage | $ | 551 | $ | 1,841 | $ | 154 | $ | 3,228 | $ | - | |||||||||||||||||||||||
    Consumer real estate – mortgage | 2,265 | 4,473 | 573 | 5,828 | - | ||||||||||||||||||||||||||||
    Construction and land development | 2,963 | 4,701 | 201 | 5,102 | - | ||||||||||||||||||||||||||||
    Commercial and industrial | 1,491 | 2,459 | 814 | 2,528 | - | ||||||||||||||||||||||||||||
    Consumer and other | 79 | 179 | 22 | 180 | - | ||||||||||||||||||||||||||||
Total | $ | 7,349 | $ | 13,653 | $ | 1,764 | $ | 16,866 | $ | - | |||||||||||||||||||||||
Total nonaccrual loans | $ | 22,823 | $ | 35,057 | $ | 1,764 | $ | 38,413 | $ | - | |||||||||||||||||||||||
                      | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Collateral dependent loans are typically charged-off to their net realizable value pursuant to requirements of our primary regulators and no specific allowance is carried related to those loans. | ||||||||||||||||||||||||||||||||
Amount of Troubled Debt Restructuring Categorized by Loan Classification | ' | ||||||||||||||||||||||||||||||||
The following table outlines the amount of each troubled debt restructuring categorized by loan classification made during the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 1 | 428 | 368 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | 1 | 50 | 43 | |||||||||||||||||||||||||||
Commercial and industrial | 1 | 37 | 32 | 2 | 1,537 | 1,322 | |||||||||||||||||||||||||||
Consumer and other | 1 | 58 | 51 | 2 | 258 | 223 | |||||||||||||||||||||||||||
2 | $ | 95 | $ | 83 | 6 | $ | 2,273 | $ | 1,956 | ||||||||||||||||||||||||
Three months ended September 30, 2012 | Nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | 3 | $ | 1,387 | $ | 1,011 | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 2 | 348 | 295 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
- | $ | - | $ | - | 5 | $ | 1,735 | $ | 1,306 | ||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table outlines the amount of each troubled debt restructuring categorized by loan classification made during the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 1 | 428 | 368 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | 1 | 50 | 43 | |||||||||||||||||||||||||||
Commercial and industrial | 1 | 37 | 32 | 2 | 1,537 | 1,322 | |||||||||||||||||||||||||||
Consumer and other | 1 | 58 | 51 | 2 | 258 | 223 | |||||||||||||||||||||||||||
2 | $ | 95 | $ | 83 | 6 | $ | 2,273 | $ | 1,956 | ||||||||||||||||||||||||
Three months ended September 30, 2012 | Nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number | Pre | Post Modification Outstanding Recorded Investment, net of related allowance | Number of contracts | Pre | Post | ||||||||||||||||||||||||||||
of contracts | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment | Modification Outstanding Recorded Investment, net of related allowance | ||||||||||||||||||||||||||||||
Commercial real estate – mortgage | - | $ | - | $ | - | 3 | $ | 1,387 | $ | 1,011 | |||||||||||||||||||||||
Consumer real estate – mortgage | - | - | - | 2 | 348 | 295 | |||||||||||||||||||||||||||
Construction and land development | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
- | $ | - | $ | - | 5 | $ | 1,735 | $ | 1,306 | ||||||||||||||||||||||||
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 industry. Â Pinnacle Financial utilizes broadly accepted industry classification systems in order to classify borrowers into various industry classifications. Â 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 September 30, 2013 with the comparative exposures for December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||||||||||
Outstanding Principal Balances | Unfunded Commitments | Total exposure | Total Exposure at December 31, 2012 | ||||||||||||||||||||||||||||||
Lessors of nonresidential buildings | $ | 448,268 | $ | 29,354 | $ | 477,622 | $ | 440,237 | |||||||||||||||||||||||||
Lessors of residential buildings | 241,353 | 29,391 | 270,744 | 215,899 | |||||||||||||||||||||||||||||
Land subdividers | 72,240 | 13,008 | 85,248 | 108,283 | |||||||||||||||||||||||||||||
Past Due Balances by Loan Classification | ' | ||||||||||||||||||||||||||||||||
The table below presents past due balances at September 30, 2013 and December 31, 2012, by loan classification and segment allocated between accruing and nonaccrual status (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-89 days past due and accruing | 90 days or more past due and accruing | Total past due and accruing | Nonaccrual(1) | Current | Total | |||||||||||||||||||||||||||
and accruing | Loans | ||||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
    Owner-occupied | $ | 1,659 | $ | - | $ | 1,659 | $ | 9,240 | $ | 627,351 | $ | 638,250 | |||||||||||||||||||||
    All other | 2,235 | - | 2,235 | 1,277 | 685,077 | 688,589 | |||||||||||||||||||||||||||
Consumer real estate – mortgage | 2,022 | - | 2,022 | 5,195 | 680,041 | 687,258 | |||||||||||||||||||||||||||
Construction and land development | 41 | - | 41 | 1,307 | 318,626 | 319,974 | |||||||||||||||||||||||||||
Commercial and industrial | 5,293 | - | 5,293 | 2,728 | 1,505,610 | 1,513,631 | |||||||||||||||||||||||||||
Consumer and other | 1,782 | - | 1,782 | 243 | 119,575 | 121,600 | |||||||||||||||||||||||||||
$ | 13,032 | $ | - | $ | 13,032 | $ | 19,990 | $ | 3,936,280 | $ | 3,969,302 | ||||||||||||||||||||||
31-Dec-12 | 30-89 days past due and accruing | 90 days or more past due and accruing | Total past due and accruing | Nonaccrual(1) | Current | Total | |||||||||||||||||||||||||||
and accruing | Loans | ||||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
    Owner-occupied | $ | 462 | $ | - | $ | 462 | $ | 8,091 | $ | 585,848 | $ | 594,401 | |||||||||||||||||||||
    All other | 41 | - | 41 | 1,200 | 582,554 | 583,795 | |||||||||||||||||||||||||||
Consumer real estate – mortgage | 3,870 | - | 3,870 | 5,906 | 670,150 | 679,926 | |||||||||||||||||||||||||||
Construction and land development | 3,511 | - | 3,511 | 4,509 | 305,532 | 313,552 | |||||||||||||||||||||||||||
Commercial and industrial | 2,549 | - | 2,549 | 3,038 | 1,440,991 | 1,446,578 | |||||||||||||||||||||||||||
Consumer and other | 444 | - | 444 | 79 | 93,387 | 93,910 | |||||||||||||||||||||||||||
$ | 10,877 | $ | - | $ | 10,877 | $ | 22,823 | $ | 3,678,462 | $ | 3,712,162 | ||||||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Approximately $8.7 million and $9.4 million of nonaccrual loans as of September 30, 2013 and December 31, 2012, respectively, are currently performing pursuant to their contractual terms. | ||||||||||||||||||||||||||||||||
Details of Changes in the Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
The following table shows the allowance allocation by loan classification and accrual status at September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Accruing Loans | Nonaccrual Loans | Troubled Debt Restructurings(1) | Total Allowance | ||||||||||||||||||||||||||||||
for Loan Losses | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||
Commercial real estate –mortgage | $ | 18,820 | $ | 16,642 | $ | 94 | $ | 154 | $ | 1,936 | $ | 2,838 | $ | 20,850 | $ | 19,634 | |||||||||||||||||
Consumer real estate – mortgage | 7,128 | 7,336 | 267 | 573 | 514 | 853 | 7,909 | 8,762 | |||||||||||||||||||||||||
Construction and land development | 7,978 | 8,953 | 40 | 201 | 16 | 10 | 8,034 | 9,164 | |||||||||||||||||||||||||
Commercial and industrial | 24,035 | 23,829 | 115 | 814 | 249 | 95 | 24,399 | 24,738 | |||||||||||||||||||||||||
Consumer and other | 1,415 | 1,055 | 29 | 22 | 41 | 17 | 1,485 | 1,094 | |||||||||||||||||||||||||
Unallocated | - | - | - | - | - | - | 4,603 | 6,025 | |||||||||||||||||||||||||
$ | 59,376 | $ | 57,815 | $ | 545 | $ | 1,764 | $ | 2,756 | $ | 3,813 | $ | 67,280 | $ | 69,417 | ||||||||||||||||||
                                    | |||||||||||||||||||||||||||||||||
(1)Â Â Â Â | Troubled debt restructurings of $19.7 million and $27.5 million as of September 30, 2013 and December 31, 2012, respectively, are classified as impaired loans pursuant to U.S. GAAP; however, these loans continue to accrue interest at contractual rates. | ||||||||||||||||||||||||||||||||
The following table details the changes in the allowance for loan losses from December 31, 2011 to December 31, 2012 to September 30, 2013 by loan classification (in thousands): | |||||||||||||||||||||||||||||||||
Commercial real estate – | Consumer real estate – mortgage | Construction and land development | Commercial and industrial | Consumer and other | Unallocated | Total | |||||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||||||
Balances, December 31, 2011 | $ | 23,397 | $ | 10,302 | $ | 12,040 | $ | 20,789 | $ | 1,125 | $ | 6,322 | $ | 73,975 | |||||||||||||||||||
    Charged-off loans | (4,667 | ) | (6,731 | ) | (2,530 | ) | (4,612 | ) | (1,117 | ) | - | (19,657 | ) | ||||||||||||||||||||
    Recovery of previously charged-off loans | 285 | 818 | 1,155 | 7,175 | 97 | - | 9,530 | ||||||||||||||||||||||||||
    Provision for loan losses | 619 | 4,373 | (1,501 | ) | 1,386 | 989 | (297 | ) | 5,569 | ||||||||||||||||||||||||
Balances, December 31, 2012 | $ | 19,634 | $ | 8,762 | $ | 9,164 | $ | 24,738 | $ | 1,094 | $ | 6,025 | $ | 69,417 | |||||||||||||||||||
    Charged-off loans | (3,888 | ) | (2,097 | ) | (1,351 | ) | (5,643 | ) | (1,109 | ) | - | (14,088 | ) | ||||||||||||||||||||
    Recovery of previously charged-off loans | 176 | 1,127 | 862 | 3,961 | 194 | - | 6,320 | ||||||||||||||||||||||||||
    Provision for loan losses | 4,928 | 117 | (641 | ) | 1,343 | 1,306 | (1,422 | ) | 5,631 | ||||||||||||||||||||||||
Balances, September 30, 2013 | $ | 20,850 | $ | 7,909 | $ | 8,034 | $ | 24,399 | $ | 1,485 | $ | 4,603 | $ | 67,280 | |||||||||||||||||||
Stock_Options_Stock_Appreciati1
Stock Options, Stock Appreciation Rights and Restricted Shares (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Stock Options, Stock Appreciation Rights and Restricted Shares [Abstract] | ' | ||||||||||||||||
Summary of Stock Option and Stock Appreciation Rights Activity | ' | ||||||||||||||||
As of September 30, 2013, there were 1,087,023 stock options and 6,195 stock appreciation rights outstanding to purchase common shares. A summary of the stock option and stock appreciation rights activity within the equity incentive plans during the nine months ended September 30, 2013 and information regarding expected vesting, contractual terms remaining, intrinsic values and other matters is as follows: | |||||||||||||||||
Number | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Contractual | Value | |||||||||||||||
Price | Remaining Term | (000's) | |||||||||||||||
(in years) | |||||||||||||||||
Outstanding at December 31, 2012 | 1,318,701 | $ | 23.36 | 3.14 | $ | 2,203 | (1)Â | ||||||||||
Granted | - | ||||||||||||||||
Exercised | (191,689 | ) | |||||||||||||||
Stock appreciation rights exercised | (1,066 | ) | |||||||||||||||
Forfeited | (32,728 | ) | |||||||||||||||
Outstanding at September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2)Â | ||||||||||
Outstanding and expected to vest as of September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2) | ||||||||||
Options exercisable at September 30, 2013 | 1,093,218 | $ | 25.2 | 2.59 | $ | 5,528 | (2)Â | ||||||||||
                              | |||||||||||||||||
(1)Â Â Â Â | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $18.84 per common share at December 31, 2012 for the approximately 331,571 options and stock appreciation rights that were in-the-money at December 31, 2012. | ||||||||||||||||
-2 | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $29.56 per common share at September 30, 2013 for the approximately 758,719 options and stock appreciation rights that were in-the-money at September 30, 2013. | ||||||||||||||||
Summary of Activity for Unvested Restricted Share Awards | ' | ||||||||||||||||
A summary of activity for unvested restricted share awards for the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
Number | Grant Date Weighted-Average Cost | ||||||||||||||||
Unvested at December 31, 2012 | 739,909 | $ | 15.45 | ||||||||||||||
Shares awarded | 160,595 | 21.42 | |||||||||||||||
Conversion of restricted share units to restricted share awards | 193,189 | 21.51 | |||||||||||||||
Restrictions lapsed and shares released to associates/directors | (212,795 | ) | 15.94 | ||||||||||||||
Shares forfeited(1) | (53,070 | ) | 15.27 | ||||||||||||||
Unvested at September 30, 2013 | 827,828 | $ | 19.09 | ||||||||||||||
                              | |||||||||||||||||
(1)Â Â Â Â | Represents 26,152 shares forfeited due to failure to meet performance targets and 26,918 shares forfeited due to employee termination and/or retirement. | ||||||||||||||||
Pinnacle Financial grants restricted share awards to associates, executive management and outside directors with a combination of time and, in the case of associates, performance vesting criteria. The following table outlines restricted stock grants that were made, grouped by similar vesting criteria, during the nine months ended September 30, 2013: | |||||||||||||||||
Grant | Group(1) | Vesting | Shares | Restrictions Lapsed and shares released to participants | Shares Forfeited by participants(5) | Shares Unvested | |||||||||||
Year | Period in years | awarded | |||||||||||||||
Time Based Awards(2) | |||||||||||||||||
2013 | Associates | 5 | 146,425 | - | 3,225 | 143,200 | |||||||||||
Performance Based Awards(3) | |||||||||||||||||
2013 | Leadership team | 5 | 193,189 | - | - | 193,189 | |||||||||||
Outside Director Awards(4) | |||||||||||||||||
2013 | Outside directors | 1 | 14,170 | 1,129 | - | 13,041 | |||||||||||
                                            | |||||||||||||||||
(1)    | Groups include our employees (referred to as associates above) and our outside directors. When the restricted shares are awarded, a participant receives voting rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed.  Once the restrictions lapse, the participant is taxed on the value of the award and may elect to sell some shares to pay the applicable income taxes associated with the award. | ||||||||||||||||
-2 | These shares vest in equal annual installments on the anniversary date of the grant. | ||||||||||||||||
-3 | The forfeiture restrictions on these restricted share awards lapse in separate equal installments should Pinnacle Financial achieve certain earnings and soundness targets over each year of the subsequent vesting period (or alternatively, the cumulative vesting period). | ||||||||||||||||
-4 | Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Â Restrictions lapse on the one year anniversary date of the award based on each individual board member meeting their attendance goals for the various board and board committee meetings to which each member was scheduled to attend. | ||||||||||||||||
-5 | These shares represent forfeitures resulting from associate terminations during the year-to-date period ended September 30, 2013. |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | ||||||||||||||||||||||||
Summary of Regulatory Capital Requirement | ' | ||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require Pinnacle Financial and Pinnacle Bank to maintain minimum amounts and ratios of Total and Tier I capital to risk-weighted assets and for Pinnacle Bank of Tier I capital to average assets. Management believes, as of September 30, 2013, that Pinnacle Financial and Pinnacle Bank met all capital adequacy requirements to which they are subject. Â To be categorized as well-capitalized under applicable banking regulations, Pinnacle Financial and Pinnacle Bank must maintain minimum Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the following table and not be subject to a written agreement, order or directive to maintain a higher capital level. Â Pinnacle Financial's and Pinnacle Bank's actual capital amounts and ratios are presented in the following table (in thousands): | |||||||||||||||||||||||||
Actual | Minimum Capital | Minimum | |||||||||||||||||||||||
Requirement | To Be Well-Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Pinnacle Financial | $ | 603,484 | 13.2 | % | $ | 364,570 | 8 | % | $ | 456,867 | 10 | % | |||||||||||||
Pinnacle Bank | $ | 586,156 | 12.9 | % | $ | 363,804 | 8 | % | $ | 455,921 | 10 | % | |||||||||||||
Tier I capital to risk weighted assets: | |||||||||||||||||||||||||
Pinnacle Financial | $ | 546,376 | 12 | % | $ | 182,285 | 4 | % | $ | 274,120 | 6 | % | |||||||||||||
Pinnacle Bank | $ | 529,166 | 11.6 | % | $ | 181,902 | 4 | % | $ | 273,553 | 6 | % | |||||||||||||
Tier I capital to average assets (*): | |||||||||||||||||||||||||
Pinnacle Financial | $ | 546,376 | 10.8 | % | $ | 202,668 | 4 | % | $ | N/ | A | N/ | A | ||||||||||||
Pinnacle Bank | $ | 529,166 | 10.5 | % | $ | 201,975 | 4 | % | $ | 252,468 | 5 | % | |||||||||||||
                      | |||||||||||||||||||||||||
(*) Average assets for the above calculations were based on the most recent quarter. |
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Derivative Instruments [Abstract] | ' | ||||||||||||||||||
Summary of Interest Rate Swaps | ' | ||||||||||||||||||
A summary of Pinnacle Financial's interest rate swaps related to customers as of September 30, 2013 and December 31, 2012 is included in the following table (in thousands): | |||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Notional | Estimated | Notional | Estimated Fair Value | ||||||||||||||||
Amount | Fair Value | Amount | |||||||||||||||||
Interest rate swap agreements: | |||||||||||||||||||
Pay fixed / receive variable swaps | $ | 260,242 | $ | 11,435 | $ | 236,377 | $ | 16,132 | |||||||||||
Pay variable / receive fixed swaps | 260,242 | (11,749 | ) | 236,377 | (16,366 | ) | |||||||||||||
Total | $ | 520,484 | $ | (314 | ) | $ | 472,754 | $ | (234 | ) | |||||||||
During the second quarter of 2013, Pinnacle Financial entered into a forward cash flow hedge relationship to manage our future interest rate exposure. The hedging strategy converts the LIBOR based variable interest rate on forecasted borrowings to a fixed interest rate and protects Pinnacle Financial from floating interest rate variability.  The terms of the individual contracts within the relationship are as follows (in thousands): | |||||||||||||||||||
Forecasted | Variable | Fixed | Term | Asset/ | Unrealized Gain in Accumulated Other Comprehensive Income | ||||||||||||||
Notional | Interest | Interest | (Liabilities) | ||||||||||||||||
Amount | Rate | Rate | |||||||||||||||||
Interest Rate Swap | $ | 33,000 | 3 month LIBOR | 1.428 | % | April 2015-April 2018 | $ | 390 | $ | 237 | |||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 1.857 | % | Oct. 2015-April 2019 | 638 | 388 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 1.996 | % | Oct. 2015-Oct. 2019 | 1,278 | 776 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.265 | % | April 2016-April 2020 | 915 | 556 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.646 | % | April 2016-April 2022 | 844 | 513 | ||||||||||||
Interest Rate Swap | 33,000 | 3 month LIBOR | 2.523 | % | Oct. 2016-Oct. 2020 | 750 | 456 | ||||||||||||
198,000 | 4,815 | 2,926 | |||||||||||||||||
________ | |||||||||||||||||||
-1 | Pinnacle Financial will pay the fixed interest rate and the counterparties pay Pinnacle Financial the variable rate. | ||||||||||||||||||
-2 | No cash will be exchanged prior to the term. | ||||||||||||||||||
      The cash flow hedges were determined to be fully effective during the period presented. And therefore, no amount of ineffectiveness has been included in net income. The aggregate fair value of the swaps is recorded in other assets with changes in fair value recorded in accumulated other comprehensive (loss) income, net of tax. If a hedge was deemed to be ineffective, the amount included in accumulated other comprehensive (loss) income would be reclassified to current earnings. The hedge would no longer be considered effective if a portion of the hedge becomes ineffective, the item hedged is no longer in existence or Pinnacle Financial discontinues hedge accounting. Pinnacle Financial expects the hedges to remain fully effective during the remaining terms of the swaps. Pinnacle Financial does not expect any amounts to be reclassified from accumulated other comprehensive (loss) income related to these swaps over the next twelve months. | |||||||||||||||||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value of Financial Instruments [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 September 30, 2013 and December 31, 2012, by caption on the consolidated balance sheets and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): | |||||||||||||||||||||
30-Sep-13 | Total carrying value in the consolidated balance sheet | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market parameters | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
    U.S. Treasury securities | $ | 5,000 | $ | 5,000 | $ | - | $ | - | |||||||||||||
    U.S. government agency securities | 127,490 | - | 127,490 | - | |||||||||||||||||
    Mortgage-backed securities | 394,330 | - | 394,330 | - | |||||||||||||||||
    State and municipal securities | 148,790 | - | 148,790 | - | |||||||||||||||||
    Agency-backed securities | 17,314 | - | 17,314 | - | |||||||||||||||||
    Corporate notes and other | 11,367 | - | 11,367 | - | |||||||||||||||||
Total investment securities available-for-sale | $ | 704,291 | $ | 5,000 | $ | 699,291 | $ | - | |||||||||||||
Alternative investments | 5,965 | - | - | 5,965 | |||||||||||||||||
Other assets | 16,250 | - | 16,250 | - | |||||||||||||||||
Total assets at fair value | $ | 726,506 | $ | 5,000 | $ | 715,541 | $ | 5,965 | |||||||||||||
Other liabilities | $ | 11,749 | $ | - | $ | 11,749 | $ | - | |||||||||||||
Total liabilities at fair value | $ | 11,749 | $ | - | $ | 11,749 | $ | - | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
    U.S. government agency securities | $ | 110,452 | $ | - | $ | 110,452 | $ | - | |||||||||||||
    Mortgage-backed securities | 375,651 | - | 375,651 | - | |||||||||||||||||
    State and municipal securities | 191,727 | - | 191,727 | - | |||||||||||||||||
    Agency-backed securities | 17,352 | - | 17,352 | - | |||||||||||||||||
    Corporate notes and other | 11,396 | - | 11,396 | - | |||||||||||||||||
Total investment securities available-for-sale | 706,578 | - | 706,578 | - | |||||||||||||||||
Alternative investments | 4,214 | - | - | 4,214 | |||||||||||||||||
Other assets | 16,599 | - | 16,132 | 467 | |||||||||||||||||
Total assets at fair value | $ | 727,391 | $ | - | $ | 722,710 | $ | 4,681 | |||||||||||||
Other liabilities | $ | 16,366 | $ | - | $ | 16,366 | $ | - | |||||||||||||
Total liabilities at fair value | $ | 16,366 | $ | - | $ | 16,366 | $ | - | |||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | ' | ||||||||||||||||||||
30-Sep-13 | Total carrying value in the consolidated balance sheet | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market | Total | ||||||||||||||||
(Level 1) | (Level 2) | parameters | losses for the year-to-date period then ended | ||||||||||||||||||
(Level 3) | |||||||||||||||||||||
Other real estate owned | $ | 15,522 | $ | - | $ | - | $ | 15,522 | $ | (1,708 | ) | ||||||||||
Nonaccrual loans, net (1) | 19,445 | - | - | 19,445 | (3,135 | ) | |||||||||||||||
Total | $ | 34,967 | $ | - | $ | - | $ | 34,967 | $ | (4,843 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||
Other real estate owned | $ | 18,580 | $ | - | $ | - | $ | 18,580 | $ | (5,428 | ) | ||||||||||
Nonaccrual loans, net (1) | 21,059 | - | - | 21,059 | (4,745 | ) | |||||||||||||||
Total | $ | 39,639 | $ | - | $ | - | $ | 39,639 | $ | (10,173 | ) | ||||||||||
                                                          | |||||||||||||||||||||
(1)Â Â Â Â | Amount is net of a valuation allowance of $545,000 at September 30, 2013 and $1.8 million at December 31, 2012 as required by ASC 310-10, "Receivables." | ||||||||||||||||||||
Rollforward of the Balance Sheet Amounts, Unobservable Input Reconciliation | ' | ||||||||||||||||||||
The table below includes a rollforward of the balance sheet amounts for the three and nine months ended September 30, 2013 (including the change in fair value) for financial instruments classified by Pinnacle Financial within Level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since Level 3 financial instruments typically include, in addition to the unobservable or Level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): | |||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Other assets | Other liabilities | Other assets | Other liabilities | ||||||||||||||||||
Fair value, January 1 | $ | 4,681 | $ | - | $ | 3,400 | $ | - | |||||||||||||
Total realized gains included in income | (366 | ) | - | 641 | - | ||||||||||||||||
Change in unrealized gains/losses included in other comprehensive income | |||||||||||||||||||||
     for assets and liabilities still held at September 30 | - | - | - | - | |||||||||||||||||
Purchases, issuances and settlements, net | 1,650 | - | 189 | - | |||||||||||||||||
Transfers out of Level 3 | - | - | - | - | |||||||||||||||||
Fair value, September 30 | $ | 5,965 | $ | - | $ | 4,230 | $ | - | |||||||||||||
Total realized gains (losses) included in income related to financial assets | |||||||||||||||||||||
 and liabilities still on the consolidated balance sheet at September 30 | $ | (366 | ) | $ | - | $ | 641 | $ | - | ||||||||||||
Carrying Amounts, Estimated Fair Value and Placement in the Fair Value hierarchy of Financial Instruments | ' | ||||||||||||||||||||
The following table presents the carrying amounts, estimated fair value and placement in the fair value hierarchy of Pinnacle Financial's financial instruments at September 30, 2013 and December 31, 2012. Â This table excludes financial instruments for which the carrying amount approximates fair value. Â For short-term financial assets such as cash and cash equivalents, 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. Â 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. | |||||||||||||||||||||
(dollars in thousands) | Carrying/ | Estimated | Quoted market prices in an active market | Models with significant observable market parameters | Models with significant unobservable market | ||||||||||||||||
30-Sep-13 | Notional | Fair Value(1) | (Level 1) | (Level 2) | parameters | ||||||||||||||||
Amount | (Level 3) | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 39,594 | $ | 38,718 | $ | - | $ | 38,718 | $ | - | |||||||||||
Loans, net | 3,969,302 | 3,587,031 | - | - | 3,587,031 | ||||||||||||||||
Mortgage loans held-for-sale | 16,962 | 17,290 | - | 17,290 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under | |||||||||||||||||||||
agreements to repurchase | 4,417,575 | 4,065,286 | - | - | 4,065,286 | ||||||||||||||||
Federal Home Loan Bank advances | 115,671 | 115,634 | - | - | 115,634 | ||||||||||||||||
Subordinated debt and other borrowings | 99,283 | 73,650 | - | - | 73,650 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit (2) | 1,161,846 | 1,097 | - | - | 1,097 | ||||||||||||||||
Standby letters of credit (3) | 62,363 | 274 | - | - | 274 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 575 | $ | 583 | $ | - | $ | 583 | $ | - | |||||||||||
Loans, net | 3,642,744 | 3,358,435 | - | - | 3,358,435 | ||||||||||||||||
Mortgage loans held for sale | 41,195 | 42,425 | - | 42,425 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under | |||||||||||||||||||||
agreements to repurchase | 4,129,855 | 4,084,314 | - | - | 4,084,314 | ||||||||||||||||
Federal Home Loan Bank advances | 75,850 | 76,350 | - | - | 76,350 | ||||||||||||||||
Subordinated debt and other borrowings | 106,158 | 83,862 | - | - | 83,862 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit (2) | 1,030,723 | 1,594 | - | - | 1,594 | ||||||||||||||||
Standby letters of credit (3) | 74,679 | 304 | - | - | 304 | ||||||||||||||||
                                            | |||||||||||||||||||||
(1)Â Â Â Â | 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. | ||||||||||||||||||||
-2 | At the end of each quarter, Pinnacle Financial evaluates the inherent risks of the outstanding off-balance sheet commitments. Â In making this evaluation, Pinnacle Financial evaluates the credit worthiness of the borrower, the collateral supporting the commitments and any other factors similar to those used to evaluate the inherent risks of our loan portfolio. Â Additionally, Pinnacle Financial evaluates the probability that the outstanding commitment will eventually become a funded loan. Â As a result, at September 30, 2013 and December 31, 2012, Pinnacle Financial included in other liabilities $1.4 million and $1.9 million, respectively, representing the inherent risks associated with these off-balance sheet commitments. | ||||||||||||||||||||
-3 | At September 30, 2013 and December 31, 2012, the fair value of Pinnacle Financial's standby letters of credit was $274,000 and $304,000, respectively. Â This amount represents the unamortized fee associated with these standby letters of credit and is included in the consolidated balance sheet of Pinnacle Financial and is believed to approximate fair value. This fair value will decrease over time as the existing standby letters of credit approach their expiration dates. |
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | ||||||||||||||||||||
Summary of Variable Interest Entities | ' | ||||||||||||||||||||
The following table summarizes VIE's that are not consolidated by Pinnacle Financial as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Assets Recognized (maximum loss) | Liability | Assets Recognized (maximum loss) | Liability | Balance Sheet | |||||||||||||||||
Type | Recognized | Recognized | Classification | ||||||||||||||||||
Low income housing partnerships | $ | 5,993 | $ | - | $ | 6,096 | $ | - | Other assets | ||||||||||||
Trust preferred issuances | N/ | A | 82,476 | N/ | A | 82,476 | Subordinated debt | ||||||||||||||
Commercial troubled debt restructurings | 15,254 | - | 20,951 | - | Loans | ||||||||||||||||
Managed discretionary trusts | N/ | A | N/ | A | N/ | A | N/ | A | N/ | A | |||||||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Recently Adopted Accounting Pronouncements [Abstract] | ' | ' | ' | ' | ' | ' |
Net gain on sale of investment securities reclassified out of comprehensive income into net income, net of tax | $875,838 | ' | $30,254 | $891,177 | ($98,893) | ' |
Cash Transactions [Abstract] | ' | ' | ' | ' | ' | ' |
Interest paid | ' | ' | ' | 12,434,753 | 18,317,526 | ' |
Income taxes paid, net | ' | ' | ' | 20,850,009 | 5,699,106 | ' |
Noncash Transactions: | ' | ' | ' | ' | ' | ' |
Loans charged-off to the allowance for loan losses | ' | ' | ' | 14,088,656 | 11,265,378 | 19,657,000 |
Loans foreclosed upon and transferred to other real estate owned | ' | ' | ' | 3,491,421 | 8,489,792 | ' |
Available-for-sale securities transferred to held-to-maturity portfolio | ' | 39,959,647 | ' | 39,959,647 | 0 | ' |
Income Per Common Share [Abstract] | ' | ' | ' | ' | ' | ' |
Number of incentive stocks outstanding (in shares) | 323,668 | ' | 583,828 | 267,214 | 594,709 | ' |
Basic earnings per share calculation [Abstract] | ' | ' | ' | ' | ' | ' |
Numerator - Net income available to common stockholders | 14,646,950 | ' | 11,349,125 | 42,405,607 | 26,339,683 | ' |
Denominator - Average common shares outstanding (in shares) | 34,282,899 | ' | 33,939,248 | 34,148,562 | 33,879,186 | ' |
Basic net income per share available to common stockholders (in dollars per share) | $0.43 | ' | $0.33 | $1.24 | $0.78 | ' |
Diluted earnings per share calculation [Abstract] | ' | ' | ' | ' | ' | ' |
Numerator - Net income available to common stockholders | $14,646,950 | ' | $11,349,125 | $42,405,607 | $26,339,683 | ' |
Denominator - Average common shares outstanding (in shares) | 34,282,899 | ' | 33,939,248 | 34,148,562 | 33,879,186 | ' |
Dilutive shares contingently issuable (in shares) | 323,668 | ' | 583,828 | 267,214 | 594,709 | ' |
Average diluted common shares outstanding (in shares) | 34,606,567 | ' | 34,523,076 | 34,415,776 | 34,473,895 | ' |
Diluted net income per share available to common stockholders (in dollars per share) | $0.42 | ' | $0.33 | $1.23 | $0.76 | ' |
Participation_in_US_Treasury_C1
Participation in US Treasury Capital Purchase Program (CPP) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||
Jun. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2009 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Dec. 31, 2008 | |
Common Stock [Member] | Warrants [Member] | Warrants [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock issued (in shares) | ' | 0 | 0 | ' | ' | ' | ' | ' | 95,000 |
Preferred stock issued to U.S. treasury | ' | ' | ' | ' | ' | ' | ' | ' | $95,000,000 |
Preferred stock dividend rate (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% |
Number of preferred shares redeemed under CPP (in shares) | ' | ' | ' | ' | ' | ' | 71,250 | 23,750 | ' |
Value of preferred shares redeemed under CPP | ' | ' | ' | ' | ' | ' | 71,600,000 | 23,900,000 | ' |
Accrued but unpaid dividends | 346,000 | ' | ' | ' | ' | ' | ' | 142,000 | ' |
Accretion of discount | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants issued to purchase common stock (in shares) | ' | 534,910 | ' | ' | ' | ' | ' | ' | ' |
Exercise price of warrants (in dollars per share) | ' | $26.64 | ' | ' | ' | ' | ' | ' | ' |
Expiry period of warrants from the date of issuance | ' | '10 years | ' | ' | ' | ' | ' | ' | ' |
Sale of common stock in public offering (in shares) | ' | ' | ' | 8,855,000 | ' | ' | ' | ' | ' |
Net proceed from sale of common stock in public offering | ' | ' | ' | 109,000,000 | ' | ' | ' | ' | ' |
Percentage of number of shares reduced issuable upon exercise of warrants (in hundredths) | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' |
Number of shares reduced issuable upon exercise of warrants (in shares) | ' | ' | ' | ' | ' | 267,455 | ' | ' | ' |
Repurchased outstanding warrants held by treasury | ' | ' | ' | ' | $755,000 | ' | ' | ' | ' |
Securities_Details
Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | $703,714,000 | ' | $675,927,000 | |
Gross Unrealized Gains | ' | 18,102,000 | ' | 31,827,000 | |
Gross Unrealized Losses | ' | 17,524,000 | ' | 1,176,000 | |
Fair Value | ' | 704,291,206 | ' | 706,577,806 | |
Securities pledged as collateral to secure public funds and other deposits or securities sold under agreements to repurchase | ' | 596,000,000 | ' | ' | |
Available for sale securities, transfers | 39,959,647 | 39,959,647 | 0 | ' | |
Securities held-to-maturity: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 39,594,000 | ' | 575,000 | |
Gross Unrealized Gains | ' | 72,000 | ' | 8,000 | |
Gross Unrealized Losses | ' | 948,000 | ' | 0 | |
Fair Value | ' | 38,717,744 | ' | 583,212 | [1] |
Available-for-sale, Amortized Cost [Abstract] | ' | ' | ' | ' | |
Due in one year or less | ' | 8,458,000 | ' | ' | |
Due in one year to five years | ' | 26,415,000 | ' | ' | |
Due in five years to ten years | ' | 143,804,000 | ' | ' | |
Due after ten years | ' | 117,187,000 | ' | ' | |
Mortgage-backed securities | ' | 390,179,000 | ' | ' | |
Asset-backed securities | ' | 17,461,000 | ' | ' | |
Amortized Cost | ' | 703,504,000 | ' | ' | |
Available-for-sale, Fair Value [Abstract] | ' | ' | ' | ' | |
Due in one year or less | ' | 8,486,000 | ' | ' | |
Due in one year to five years | ' | 27,000,000 | ' | ' | |
Due in five years to ten years | ' | 144,830,000 | ' | ' | |
Due after ten years | ' | 112,331,000 | ' | ' | |
Mortgage-backed securities | ' | 394,330,000 | ' | ' | |
Asset-backed securities | ' | 17,314,000 | ' | ' | |
Fair Value | ' | 704,291,000 | ' | ' | |
Held-to-maturity, Amortized Cost [Abstract] | ' | ' | ' | ' | |
Due in one year or less | ' | 320,000 | ' | ' | |
Due in one year to five years | ' | 12,476,000 | ' | ' | |
Due in five years to ten years | ' | 15,529,000 | ' | ' | |
Due after ten years | ' | 11,269,000 | ' | ' | |
Mortgage-backed securities | ' | 0 | ' | ' | |
Amortized Cost | ' | 39,593,672 | ' | 574,863 | |
Asset-backed securities | ' | 0 | ' | ' | |
Held-to-maturity, Fair Value [Abstract] | ' | ' | ' | ' | |
Due in one year or less | ' | 320,000 | ' | ' | |
Due in one year to five years | ' | 12,465,000 | ' | ' | |
Due in five years to ten years | ' | 15,127,000 | ' | ' | |
Due after ten years | ' | 10,806,000 | ' | ' | |
Mortgage-backed securities | ' | 0 | ' | ' | |
Asset-backed securities | ' | 0 | ' | ' | |
Fair Value | ' | 38,717,744 | ' | 583,212 | [1] |
State and Municipal Securities [Member] | ' | ' | ' | ' | |
Securities held-to-maturity: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 39,594,000 | ' | 575,000 | |
Gross Unrealized Gains | ' | 72,000 | ' | 8,000 | |
Gross Unrealized Losses | ' | 948,000 | ' | 0 | |
Fair Value | ' | ' | ' | 583,000 | |
Held-to-maturity, Fair Value [Abstract] | ' | ' | ' | ' | |
Fair Value | ' | ' | ' | 583,000 | |
US Treasury Securities [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 4,999,000 | ' | 0 | |
Gross Unrealized Gains | ' | 1,000 | ' | 0 | |
Gross Unrealized Losses | ' | 0 | ' | 0 | |
Fair Value | ' | 5,000,000 | ' | 0 | |
U.S. Government Agency Securities [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 137,908,000 | ' | 110,817,000 | |
Gross Unrealized Gains | ' | 225,000 | ' | 49,000 | |
Gross Unrealized Losses | ' | 10,642,000 | ' | 414,000 | |
Fair Value | ' | 127,491,000 | ' | 110,452,000 | |
Mortgage-backed Securities [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 390,179,000 | ' | 360,504,000 | |
Gross Unrealized Gains | ' | 10,142,000 | ' | 15,770,000 | |
Gross Unrealized Losses | ' | 5,991,000 | ' | 623,000 | |
Fair Value | ' | 394,330,000 | ' | 375,651,000 | |
State and Municipal Securities [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 142,943,000 | ' | 177,364,000 | |
Gross Unrealized Gains | ' | 6,581,000 | ' | 14,489,000 | |
Gross Unrealized Losses | ' | 734,000 | ' | 126,000 | |
Fair Value | ' | 148,790,000 | ' | 191,727,000 | |
Asset-backed Securities [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 17,461,000 | ' | 17,361,000 | |
Gross Unrealized Gains | ' | 0 | ' | 0 | |
Gross Unrealized Losses | ' | 147,000 | ' | 9,000 | |
Fair Value | ' | 17,314,000 | ' | 17,352,000 | |
Corporate Notes and Other [Member] | ' | ' | ' | ' | |
Securities available-for-sale: [Abstract] | ' | ' | ' | ' | |
Amortized Cost | ' | 10,224,000 | ' | 9,881,000 | |
Gross Unrealized Gains | ' | 1,153,000 | ' | 1,519,000 | |
Gross Unrealized Losses | ' | 10,000 | ' | 4,000 | |
Fair Value | ' | $11,367,000 | ' | $11,396,000 | |
[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. |
Securities_Availableforsale_De
Securities, Available-for-sale (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | $322,046 | $142,581 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 18,471 | 1,176 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 160 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 1 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 322,206 | 142,581 |
Total Investments with an Unrealized Loss, Unrealized Losses | 18,472 | 1,176 |
US Treasury Securities [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 0 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 0 | 0 |
Total Investments with an Unrealized Loss, Unrealized Losses | 0 | 0 |
U.S. Government Agency Securities [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 102,206 | 78,899 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 10,642 | 414 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 0 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 102,206 | 78,899 |
Total Investments with an Unrealized Loss, Unrealized Losses | 10,642 | 414 |
Mortgage-backed Securities [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 159,504 | 40,988 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 5,991 | 623 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 0 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 159,504 | 40,988 |
Total Investments with an Unrealized Loss, Unrealized Losses | 5,991 | 623 |
State and Municipal Securities [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 41,453 | 5,179 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 1,682 | 126 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 0 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 41,453 | 5,179 |
Total Investments with an Unrealized Loss, Unrealized Losses | 1,682 | 126 |
Agency-backed Securities [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 17,314 | 17,353 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 147 | 9 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 0 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 0 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 17,314 | 17,353 |
Total Investments with an Unrealized Loss, Unrealized Losses | 147 | 9 |
Corporate Notes [Member] | ' | ' |
Available-for-sale securities, continuous unrealized loss position [Abstract] | ' | ' |
Investments with an Unrealized Loss of less than 12 months, Fair Value | 1,569 | 162 |
Investments with an Unrealized Loss of less than 12 months, Unrealized Losses | 9 | 4 |
Investments with an Unrealized Loss of 12 months or longer, Fair Value | 160 | 0 |
Investments with an Unrealized Loss of 12 months or longer, Unrealized Losses | 1 | 0 |
Total Investments with an Unrealized Loss, Fair Value | 1,729 | 162 |
Total Investments with an Unrealized Loss, Unrealized Losses | $10 | $4 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Loans and Allowance for Loan Losses [Abstract] | ' | ' | ' | ||
Percentage of loan portfolio as commercial loan (in hundredths) | 76.00% | ' | ' | ||
Risk rated loans | $500,000 | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 3,969,302,182 | ' | 3,712,162,430 | ||
Potential problem loans not included in nonperforming assets | 71,100,000 | ' | 105,400,000 | ||
Average balance of impaired loans | 21,035,000 | ' | 38,413,000 | ||
Estimated increase in interest income if nonaccrual loans had been on accrual status | 901,000 | 1.5 | ' | ||
Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,326,839,000 | ' | 1,178,196,000 | ||
Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 687,258,000 | ' | 679,926,000 | ||
Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 319,974,000 | ' | 313,552,000 | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,513,631,000 | ' | 1,446,578,000 | ||
Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 121,600,000 | ' | 93,910,000 | ||
Accruing Loans [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 3,929,651,000 | ' | 3,661,887,000 | ||
Accruing Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,302,846,000 | ' | 1,148,641,000 | ||
Accruing Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 678,065,000 | ' | 667,709,000 | ||
Accruing Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 318,551,000 | ' | 308,972,000 | ||
Accruing Loans [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,509,125,000 | ' | 1,442,853,000 | ||
Accruing Loans [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 121,064,000 | ' | 93,712,000 | ||
Accruing Loans [Member] | Pass [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 3,792,044,000 | ' | 3,486,996,000 | ||
Accruing Loans [Member] | Pass [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,270,788,000 | ' | 1,093,628,000 | ||
Accruing Loans [Member] | Pass [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 664,152,000 | ' | 649,571,000 | ||
Accruing Loans [Member] | Pass [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 275,561,000 | ' | 259,878,000 | ||
Accruing Loans [Member] | Pass [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,460,479,000 | ' | 1,390,207,000 | ||
Accruing Loans [Member] | Pass [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 121,064,000 | ' | 93,712,000 | ||
Accruing Loans [Member] | Special Mention [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 66,529,000 | ' | 69,517,000 | ||
Accruing Loans [Member] | Special Mention [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 10,298,000 | ' | 12,670,000 | ||
Accruing Loans [Member] | Special Mention [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,095,000 | ' | 4,242,000 | ||
Accruing Loans [Member] | Special Mention [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 33,292,000 | ' | 29,472,000 | ||
Accruing Loans [Member] | Special Mention [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 21,844,000 | ' | 23,133,000 | ||
Accruing Loans [Member] | Special Mention [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 0 | ||
Accruing Loans [Member] | Substandard [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 71,078,000 | [1] | ' | 105,374,000 | [1] |
Accruing Loans [Member] | Substandard [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 21,760,000 | [1] | ' | 42,343,000 | [1] |
Accruing Loans [Member] | Substandard [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 12,818,000 | [1] | ' | 13,896,000 | [1] |
Accruing Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 9,698,000 | [1] | ' | 19,622,000 | [1] |
Accruing Loans [Member] | Substandard [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 26,802,000 | [1] | ' | 29,513,000 | [1] |
Accruing Loans [Member] | Substandard [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [1] | ' | 0 | [1] |
Nonaccrual Loans [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 19,990,000 | ' | 22,823,000 | ||
Nonaccrual Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 10,517,000 | ' | 9,291,000 | ||
Nonaccrual Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 5,195,000 | ' | 5,906,000 | ||
Nonaccrual Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,307,000 | ' | 4,509,000 | ||
Nonaccrual Loans [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 2,728,000 | ' | 3,038,000 | ||
Nonaccrual Loans [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 243,000 | ' | 79,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 19,990,000 | ' | 22,790,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 10,517,000 | ' | 9,290,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 5,195,000 | ' | 5,877,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,307,000 | ' | 4,509,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 2,728,000 | ' | 3,035,000 | ||
Nonaccrual Loans [Member] | Substandard [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 243,000 | ' | 79,000 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 33,000 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 1,000 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 29,000 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 0 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 3,000 | ||
Nonaccrual Loans [Member] | Doubtful [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | ' | 0 | ||
Troubled Debt Restructurings [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 19,661,000 | [2] | ' | 27,452,000 | [2] |
Troubled Debt Restructurings [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 13,476,000 | [2] | ' | 20,264,000 | [2] |
Troubled Debt Restructurings [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 3,998,000 | [2] | ' | 6,311,000 | [2] |
Troubled Debt Restructurings [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 116,000 | [2] | ' | 71,000 | [2] |
Troubled Debt Restructurings [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,778,000 | [2] | ' | 687,000 | [2] |
Troubled Debt Restructurings [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 293,000 | [2] | ' | 119,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 3,581,000 | [2] | ' | 9,020,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 145,000 | [2] | ' | 4,705,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 2,749,000 | [2] | ' | 3,623,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 116,000 | [2] | ' | 71,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 278,000 | [2] | ' | 502,000 | [2] |
Troubled Debt Restructurings [Member] | Pass [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 293,000 | [2] | ' | 119,000 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 2,441,000 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 2,441,000 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Special Mention [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 13,639,000 | [2] | ' | 18,432,000 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 10,890,000 | [2] | ' | 15,559,000 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,249,000 | [2] | ' | 2,688,000 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,500,000 | [2] | ' | 185,000 | [2] |
Troubled Debt Restructurings [Member] | Substandard [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 0 | [2] | ' | 0 | [2] |
Impaired Loans [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 39,651,000 | ' | 50,275,000 | ||
Impaired Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 23,993,000 | ' | 29,555,000 | ||
Impaired Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 9,193,000 | ' | 12,217,000 | ||
Impaired Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 1,423,000 | ' | 4,580,000 | ||
Impaired Loans [Member] | Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | 4,506,000 | ' | 3,725,000 | ||
Impaired Loans [Member] | Consumer and Other [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans | $536,000 | ' | $198,000 | ||
[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 borrowerbs ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by Pinnacle Bankbs primary regulators for loans classified as substandard, excluding the impact of substandard nonaccrual loans and substandard troubled debt restructurings. Potential problem loans, which are not included in nonaccrual loans, amounted to approximately $71.1 million at September 30, 2013, compared to $105.4 million at December 31, 2012. | ||||
[2] | Troubled debt restructurings are presented as an impaired loan; however, they continue to accrue interest at contractual rates |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses, Impaired Financing Receivable (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2012 | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | $19,990,000 | $22,823,000 | ||
Unpaid principal balance | 21,239,000 | 35,057,000 | ||
Related allowance | 545,000 | [1] | 1,764,000 | [1] |
Average recorded investment | 21,035,000 | 38,413,000 | ||
Interest income recognized | 0 | 0 | ||
Interest income from cash payments received | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 13,043,000 | 15,474,000 | ||
Unpaid principal balance | 13,469,000 | 21,404,000 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 12,142,000 | 21,547,000 | ||
Interest income recognized | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 8,499,000 | 8,740,000 | ||
Unpaid principal balance | 8,872,000 | 11,187,000 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 6,874,000 | 11,194,000 | ||
Interest income recognized | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 2,235,000 | 3,641,000 | ||
Unpaid principal balance | 2,234,000 | 6,394,000 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 2,242,000 | 6,394,000 | ||
Interest income recognized | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | Construction and Land Development [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 546,000 | 1,546,000 | ||
Unpaid principal balance | 545,000 | 2,062,000 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 1,069,000 | 2,063,000 | ||
Interest income recognized | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | Commercial and Industrial [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 1,763,000 | 1,547,000 | ||
Unpaid principal balance | 1,818,000 | 1,761,000 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 1,957,000 | 1,896,000 | ||
Interest income recognized | 0 | 0 | ||
Collateral Dependent Impaired Loans [Member] | Consumer and Other [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | ||
Related allowance | 0 | [1] | 0 | [1] |
Average recorded investment | 0 | 0 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 6,947,000 | 7,349,000 | ||
Unpaid principal balance | 7,770,000 | 13,653,000 | ||
Related allowance | 545,000 | [1] | 1,764,000 | [1] |
Average recorded investment | 8,893,000 | 16,866,000 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 2,018,000 | 551,000 | ||
Unpaid principal balance | 2,156,000 | 1,841,000 | ||
Related allowance | 94,000 | [1] | 154,000 | [1] |
Average recorded investment | 2,964,000 | 3,228,000 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 2,960,000 | 2,265,000 | ||
Unpaid principal balance | 3,210,000 | 4,473,000 | ||
Related allowance | 267,000 | [1] | 573,000 | [1] |
Average recorded investment | 3,213,000 | 5,828,000 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | Construction and Land Development [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 761,000 | 2,963,000 | ||
Unpaid principal balance | 837,000 | 4,701,000 | ||
Related allowance | 40,000 | [1] | 201,000 | [1] |
Average recorded investment | 803,000 | 5,102,000 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | Commercial and Industrial [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 965,000 | 1,491,000 | ||
Unpaid principal balance | 1,321,000 | 2,459,000 | ||
Related allowance | 115,000 | [1] | 814,000 | [1] |
Average recorded investment | 1,668,000 | 2,528,000 | ||
Interest income recognized | 0 | 0 | ||
Cash Flow Dependent Impaired Loans [Member] | Consumer and Other [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 243,000 | 79,000 | ||
Unpaid principal balance | 246,000 | 179,000 | ||
Related allowance | 29,000 | [1] | 22,000 | [1] |
Average recorded investment | 245,000 | 180,000 | ||
Interest income recognized | $0 | $0 | ||
[1] | Collateral dependent loans are typically charged-off to their net realizable value pursuant to requirements of our primary regulators and no specific allowance is carried related to those loans. |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Contract | Contract | Contract | Contract | Lessors of Nonresidential Buildings [Member] | Lessors of Nonresidential Buildings [Member] | Lessors of Residential Buildings [Member] | Lessors of Residential Buildings [Member] | Land Subdividers [Member] | Land Subdividers [Member] | Commercial Real Estate - Mortgage [Member] | Commercial Real Estate - Mortgage [Member] | Commercial Real Estate - Mortgage [Member] | Commercial Real Estate - Mortgage [Member] | Consumer Real Estate - Mortgage [Member] | Consumer Real Estate - Mortgage [Member] | Consumer Real Estate - Mortgage [Member] | Consumer Real Estate - Mortgage [Member] | Construction and Land Development [Member] | Construction and Land Development [Member] | Construction and Land Development [Member] | Construction and Land Development [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Consumer and Other [Member] | Consumer and Other [Member] | Consumer and Other [Member] | Consumer and Other [Member] | |
Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | |||||||||||
Troubled debt restructuring categorized by loan classification [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contracts | 2 | 0 | 6 | 5 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 3 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 0 | 1 | 0 | 2 | 0 | 1 | 0 | 2 | 0 |
Pre Modification Outstanding Recorded Investment | $95,000 | $0 | $2,273,000 | $1,735,000 | ' | ' | ' | ' | ' | ' | $0 | $0 | $0 | $1,387,000 | $0 | $0 | $428,000 | $348,000 | $0 | $0 | $50,000 | $0 | $37,000 | $0 | $1,537,000 | $0 | $58,000 | $0 | $258,000 | $0 |
Post Modification Outstanding Recorded Investment, net of related allowance | 83,000 | 0 | 1,956,000 | 1,306,000 | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 1,011,000 | 0 | 0 | 368,000 | 295,000 | 0 | 0 | 43,000 | 0 | 32,000 | 0 | 1,322,000 | 0 | 51,000 | 0 | 223,000 | 0 |
Troubled debt restructurings performing as of restructure date | 19,700,000 | 27,500,000 | 19,700,000 | 27,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contracts of troubled debt restructurings subsequently defaulted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | 2 | ' |
Troubled debt restructurings subsequently defaulted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 480,000 | ' | ' | ' | ' | ' | ' | ' | 175,000 | ' | ' | ' | 153,000 | ' |
Percentage of credit exposure to risk based capital (in hundredths) | 25.00% | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan portfolio credit risk exposure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivables principal balance | ' | ' | ' | ' | 448,268,000 | ' | 241,353,000 | ' | 72,240,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivables unfunded commitment | ' | ' | ' | ' | 29,354,000 | ' | 29,391,000 | ' | 13,008,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivables exposure | ' | ' | ' | ' | $477,622,000 | $440,237,000 | $270,744,000 | $215,899,000 | $85,248,000 | $108,283,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses, Financing Receivables Past Due (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | $13,032,000 | $10,877,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 13,032,000 | 10,877,000 | ||
Nonaccrual | 19,990,000 | [1] | 22,823,000 | [1] |
Current and accruing | 3,936,280,000 | 3,678,462,000 | ||
Total Loans | 3,969,302,000 | 3,712,162,000 | ||
Currently performing impaired loans | 8,700,000 | 9,400,000 | ||
Commercial Real Estate Owner Occupied [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 1,659,000 | 462,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 1,659,000 | 462,000 | ||
Nonaccrual | 9,240,000 | [1] | 8,091,000 | [1] |
Current and accruing | 627,351,000 | 585,848,000 | ||
Total Loans | 638,250,000 | 594,401,000 | ||
Commercial Real Estate All Other [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 2,235,000 | 41,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 2,235,000 | 41,000 | ||
Nonaccrual | 1,277,000 | [1] | 1,200,000 | [1] |
Current and accruing | 685,077,000 | 582,554,000 | ||
Total Loans | 688,589,000 | 583,795,000 | ||
Consumer Real Estate - Mortgage [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 2,022,000 | 3,870,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 2,022,000 | 3,870,000 | ||
Nonaccrual | 5,195,000 | [1] | 5,906,000 | [1] |
Current and accruing | 680,041,000 | 670,150,000 | ||
Total Loans | 687,258,000 | 679,926,000 | ||
Construction and Land Development [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 41,000 | 3,511,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 41,000 | 3,511,000 | ||
Nonaccrual | 1,307,000 | [1] | 4,509,000 | [1] |
Current and accruing | 318,626,000 | 305,532,000 | ||
Total Loans | 319,974,000 | 313,552,000 | ||
Commercial and Industrial [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 5,293,000 | 2,549,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 5,293,000 | 2,549,000 | ||
Nonaccrual | 2,728,000 | [1] | 3,038,000 | [1] |
Current and accruing | 1,505,610,000 | 1,440,991,000 | ||
Total Loans | 1,513,631,000 | 1,446,578,000 | ||
Consumer and Other [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30 To 89 days past due and accruing | 1,782,000 | 444,000 | ||
90 days or more past due and accruing | 0 | 0 | ||
Total past due and accruing | 1,782,000 | 444,000 | ||
Nonaccrual | 243,000 | [1] | 79,000 | [1] |
Current and accruing | 119,575,000 | 93,387,000 | ||
Total Loans | $121,600,000 | $93,910,000 | ||
[1] | Approximately $8.7 million and $9.4 million of nonaccrual loans as of September 30, 2013 and December 31, 2012, respectively, are currently performing pursuant to their contractual terms. |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses, Allowance for Credit Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 126 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | ||||
Loans | ||||||||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | $67,279,672 | $67,279,672 | ' | $69,417,437 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | 69,417,000 | 73,975,000 | 73,975,000 | ' | |||
Charged-off loans | ' | -14,088,656 | -11,265,378 | -19,657,000 | ' | |||
Recovery of previously charged-off loans | 6,320,000 | ' | ' | 9,530,000 | ' | |||
Provision for loan losses | 5,631,000 | ' | ' | 5,569,000 | ' | |||
Ending Balance | 67,280,000 | 67,280,000 | ' | 69,417,000 | ' | |||
Loans and other extensions of credit granted to directors, executive officers, and their related entities | 9,900,000 | 9,900,000 | ' | 8,800,000 | ' | |||
Amount drawn from loans and other extensions of credit granted | 7,700,000 | 7,700,000 | ' | 8,100,000 | ' | |||
Mortgage loans held-for-sale | 16,961,925 | 16,961,925 | ' | 41,194,639 | ' | |||
Gain loss on sale of loans held for sale | ' | 5,100,000 | 4,900,000 | ' | ' | |||
Number of mortgage loans sold to third party | ' | ' | ' | ' | 14,600 | |||
Mortgage loans sold | ' | ' | ' | ' | 3,100,000,000 | |||
Number of conventional loans underwritten | ' | ' | ' | ' | 3,800 | |||
Percentage of loan to value (in hundredths) | ' | ' | ' | ' | 80.00% | |||
Number of loans underwritten | ' | ' | ' | ' | 3,200 | |||
Home equity and consumer mortgage loans | 825,400,000 | 825,400,000 | ' | ' | ' | |||
Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 20,850,000 | 20,850,000 | ' | 19,634,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 23,397,000 | 23,397,000 | ' | |||
Charged-off loans | -3,888,000 | ' | ' | -4,667,000 | ' | |||
Recovery of previously charged-off loans | 176,000 | ' | ' | 285,000 | ' | |||
Provision for loan losses | 4,928,000 | ' | ' | 619,000 | ' | |||
Ending Balance | 20,850,000 | 20,850,000 | ' | 19,634,000 | ' | |||
Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 7,909,000 | 7,909,000 | ' | 8,762,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 10,302,000 | 10,302,000 | ' | |||
Charged-off loans | -2,097,000 | ' | ' | -6,731,000 | ' | |||
Recovery of previously charged-off loans | 1,127,000 | ' | ' | 818,000 | ' | |||
Provision for loan losses | 117,000 | ' | ' | 4,373,000 | ' | |||
Ending Balance | 7,909,000 | 7,909,000 | ' | 8,762,000 | ' | |||
Construction and Land Development [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 8,034,000 | 8,034,000 | ' | 9,164,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 12,040,000 | 12,040,000 | ' | |||
Charged-off loans | -1,351,000 | ' | ' | -2,530,000 | ' | |||
Recovery of previously charged-off loans | 862,000 | ' | ' | 1,155,000 | ' | |||
Provision for loan losses | -641,000 | ' | ' | -1,501,000 | ' | |||
Ending Balance | 8,034,000 | 8,034,000 | ' | 9,164,000 | ' | |||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 24,399,000 | 24,399,000 | ' | 24,738,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 20,789,000 | 20,789,000 | ' | |||
Charged-off loans | -5,643,000 | ' | ' | -4,612,000 | ' | |||
Recovery of previously charged-off loans | 3,961,000 | ' | ' | 7,175,000 | ' | |||
Provision for loan losses | 1,343,000 | ' | ' | 1,386,000 | ' | |||
Ending Balance | 24,399,000 | 24,399,000 | ' | 24,738,000 | ' | |||
Consumer and Other [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 1,485,000 | 1,485,000 | ' | 1,094,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 1,125,000 | 1,125,000 | ' | |||
Charged-off loans | -1,109,000 | ' | ' | -1,117,000 | ' | |||
Recovery of previously charged-off loans | 194,000 | ' | ' | 97,000 | ' | |||
Provision for loan losses | 1,306,000 | ' | ' | 989,000 | ' | |||
Ending Balance | 1,485,000 | 1,485,000 | ' | 1,094,000 | ' | |||
Unallocated [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 4,603,000 | 4,603,000 | ' | 6,025,000 | ' | |||
Changes in allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning Balance | ' | ' | 6,322,000 | 6,322,000 | ' | |||
Charged-off loans | 0 | ' | ' | 0 | ' | |||
Recovery of previously charged-off loans | 0 | ' | ' | 0 | ' | |||
Provision for loan losses | -1,422,000 | ' | ' | -297,000 | ' | |||
Ending Balance | 4,603,000 | 4,603,000 | ' | 6,025,000 | ' | |||
Accruing Loans [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 59,376,000 | 59,376,000 | ' | 57,815,000 | ' | |||
Accruing Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 18,820,000 | 18,820,000 | ' | 16,642,000 | ' | |||
Accruing Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 7,128,000 | 7,128,000 | ' | 7,336,000 | ' | |||
Accruing Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 7,978,000 | 7,978,000 | ' | 8,953,000 | ' | |||
Accruing Loans [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 24,035,000 | 24,035,000 | ' | 23,829,000 | ' | |||
Accruing Loans [Member] | Consumer and Other [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 1,415,000 | 1,415,000 | ' | 1,055,000 | ' | |||
Accruing Loans [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 0 | 0 | ' | 0 | ' | |||
Nonaccrual Loans [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 545,000 | 545,000 | ' | 1,764,000 | ' | |||
Nonaccrual Loans [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 94,000 | 94,000 | ' | 154,000 | ' | |||
Nonaccrual Loans [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 267,000 | 267,000 | ' | 573,000 | ' | |||
Nonaccrual Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 40,000 | 40,000 | ' | 201,000 | ' | |||
Nonaccrual Loans [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 115,000 | 115,000 | ' | 814,000 | ' | |||
Nonaccrual Loans [Member] | Consumer and Other [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 29,000 | 29,000 | ' | 22,000 | ' | |||
Nonaccrual Loans [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 0 | 0 | ' | 0 | ' | |||
Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 2,756,000 | [1] | 2,756,000 | [1] | ' | 3,813,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Commercial Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 1,936,000 | [1] | 1,936,000 | [1] | ' | 2,838,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Consumer Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 514,000 | [1] | 514,000 | [1] | ' | 853,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 16,000 | [1] | 16,000 | [1] | ' | 10,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 249,000 | [1] | 249,000 | [1] | ' | 95,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Consumer and Other [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | 41,000 | [1] | 41,000 | [1] | ' | 17,000 | [1] | ' |
Troubled Debt Restructurings [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | |||
Allowance allocation by loan classification for accruing and impaired loans [Abstract] | ' | ' | ' | ' | ' | |||
Total Allowance for Loan Losses | $0 | [1] | $0 | [1] | ' | $0 | [1] | ' |
[1] | Troubled debt restructurings of $19.7 million and $27.5 million as of September 30, 2013 and December 31, 2012, respectively, are classified as impaired loans pursuant to U.S. GAAP; however, these loans continue to accrue interest at contractual rates. |
Income_Taxes_Details
Income Taxes (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Taxes [Abstract] | ' | ' | ' | ' |
Effective income tax rate (in hundredths) | 33.30% | 30.70% | 33.00% | 32.30% |
Federal income tax statutory rate (in hundredths) | 35.00% | ' | 35.00% | ' |
State income tax rate (in hundredths) | 6.50% | ' | 6.50% | ' |
Internal Revenue Service (IRS) [Member] | Minimum [Member] | ' | ' | ' | ' |
Income Tax Contingency [Line Items] | ' | ' | ' | ' |
Open Tax Year | ' | ' | '2009 | ' |
Internal Revenue Service (IRS) [Member] | Maximum [Member] | ' | ' | ' | ' |
Income Tax Contingency [Line Items] | ' | ' | ' | ' |
Open Tax Year | ' | ' | '2012 | ' |
State of Tennessee [Member] | Minimum [Member] | ' | ' | ' | ' |
Income Tax Contingency [Line Items] | ' | ' | ' | ' |
Open Tax Year | ' | ' | '2009 | ' |
State of Tennessee [Member] | Maximum [Member] | ' | ' | ' | ' |
Income Tax Contingency [Line Items] | ' | ' | ' | ' |
Open Tax Year | ' | ' | '2012 | ' |
Commitments_and_Contingent_Lia1
Commitments and Contingent Liabilities (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Loss Contingencies [Line Items] | ' | ' |
Inherent risks associated with off balance sheet commitments | $1.40 | $1.90 |
Maximum [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Expiry period of standby letter of credit, maximum | '2 years | ' |
Commitments to Extend Credit [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Amount of commitment | 1,200 | ' |
Standby Letters of Credit [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Amount of commitment | 62.4 | ' |
Standby Letters of Credit [Member] | Maximum [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
One standby letter of credit | $2 | ' |
Stock_Options_Stock_Appreciati2
Stock Options, Stock Appreciation Rights and Restricted Shares (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |||||||||||
Plan | Stock Appreciation Rights (SARs) [Member] | Restricted Share [Member] | Restricted Share [Member] | Restricted Share [Member] | Common Stock Options and Stock Appreciation Rights [Member] | Common Stock Options and Stock Appreciation Rights [Member] | Common Stock Options and Stock Appreciation Rights [Member] | Time Based Awards [Member] | Time Based Awards [Member] | Performance Based Awards [Member] | Performance Based Awards [Member] | Outside Director Awards [Member] | Outside Director Awards [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||
Minimum [Member] | Maximum [Member] | |||||||||||||||||||||||||||||
Stock Options, Stock Appreciation Rights and Restricted Shares [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number of equity incentive plan | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Shares available for issuances (in shares) | 556,000 | ' | 556,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number of stocks outstanding to purchase to purchase common stock (in shares) | 1,087,023 | ' | 1,087,023 | ' | 6,195 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Exercised (in shares) | ' | ' | ' | ' | -1,066 | ' | ' | ' | ' | ' | -191,689 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -32,728 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding, Ending Balance (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,318,701 | 1,093,218 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding and expected to vest (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,093,218 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Options exercisable (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,093,218 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Weighted average exercise price [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding, Ending Balance (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $23.36 | $25.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding and expected to vest (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Options exercisable (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Weighted average contractual remaining term [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding, beginning of period | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 7 months 2 days | '3 years 1 month 20 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding, end of period | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 7 months 2 days | '3 years 1 month 20 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding and expected to vest | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 7 months 2 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Options exercisable | ' | ' | ' | ' | ' | ' | ' | ' | '2 years 7 months 2 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Aggregate intrinsic value [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Outstanding, end of period | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,203,000 | [1] | $5,528,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Outstanding and expected to vest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,528,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Options exercisable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,528,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Quoted closing price of common stock (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $18.84 | $29.56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number of awards used in aggregate intrinsic value (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 331,571 | 758,719 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number of award option vested with no intrinsic value (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Average exercise price of option awards with no intrinsic value (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $21.51 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Unrecognized compensation cost related to unvested stock options granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Stock option compensation expense recorded using the Black-Scholes valuation model | 12,000 | 79,000 | ' | 329,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Number [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Unvested, beginning of period (in shares) | ' | ' | ' | ' | ' | ' | ' | 739,909 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Shares awarded (in shares) | ' | ' | ' | ' | ' | ' | ' | 160,595 | ' | ' | ' | ' | 146,425 | [3] | ' | 193,189 | [4] | ' | 14,170 | [5] | 128,018 | ' | ' | |||||||
Conversion of restricted share units to restricted share awards (in shares) | ' | ' | ' | ' | ' | ' | ' | 193,189 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Restrictions lapsed and shares released to associates/directors (in shares) | ' | ' | ' | ' | ' | ' | ' | -212,795 | [6] | ' | ' | ' | 0 | [3] | ' | 0 | [4] | ' | -1,129 | [5] | ' | ' | ' | ' | ||||||
Shares forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | -53,070 | ' | ' | ' | ' | -3,225 | [3],[7] | ' | 0 | [4],[7] | ' | 0 | [5],[7] | ' | ' | ' | |||||||
Unvested, end of period (in shares) | ' | ' | ' | ' | ' | 827,828 | ' | 827,828 | ' | ' | ' | 143,200 | [3] | 143,200 | [3] | 193,189 | [4] | 193,189 | [4] | 13,041 | [5] | 13,041 | [5] | ' | ' | ' | ||||
Grant date weighted average cost [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Unvested, beginning of period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $15.45 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Shares awarded (in dollars per share) | ' | ' | ' | ' | ' | $21.42 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Conversion of restricted share units to restricted share awards (in dollars per share) | ' | ' | ' | ' | ' | $21.51 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Restrictions lapsed and shares released to associates/directors (in dollars per share) | ' | ' | ' | ' | ' | $15.94 | [6] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Shares forfeited (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | $15.27 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Unvested, end of period (in dollars per share) | ' | ' | ' | ' | ' | $19.09 | ' | $19.09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Shares forfeited due to failure to meet performance targets (in shares) | ' | ' | ' | ' | ' | ' | ' | 26,152 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Shares forfeited due to employee termination and retirement | ' | ' | ' | ' | ' | ' | ' | 26,918 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Restricted stock grants grouped by similar vesting criteria [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Vesting Period in years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | [3] | ' | '5 years | [4] | ' | '1 year | [5] | ' | ' | ' | ' | |||||||
Shares awarded (in shares) | ' | ' | ' | ' | ' | ' | ' | 160,595 | ' | ' | ' | ' | 146,425 | [3] | ' | 193,189 | [4] | ' | 14,170 | [5] | 128,018 | ' | ' | |||||||
Restrictions lapsed and shares released to participants (in shares) | ' | ' | ' | ' | ' | ' | ' | 212,795 | [6] | ' | ' | ' | 0 | [3] | ' | 0 | [4] | ' | 1,129 | [5] | ' | ' | ' | ' | ||||||
Shares forfeited by participants (in shares) | ' | ' | ' | ' | ' | ' | ' | 53,070 | ' | ' | ' | ' | 3,225 | [3],[7] | ' | 0 | [4],[7] | ' | 0 | [5],[7] | ' | ' | ' | |||||||
Shares Unvested (in shares) | ' | ' | ' | ' | ' | 827,828 | ' | 827,828 | ' | ' | ' | 143,200 | [3] | 143,200 | [3] | 193,189 | [4] | 193,189 | [4] | 13,041 | [5] | 13,041 | [5] | ' | ' | ' | ||||
Compensation costs attributable to all restricted share awards | ' | ' | $3 | $2.50 | ' | $1 | $818,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Restricted share units granted to the senior executive officers (in shares) | ' | ' | ' | ' | ' | ' | ' | 160,595 | ' | ' | ' | ' | 146,425 | [3] | ' | 193,189 | [4] | ' | 14,170 | [5] | 128,018 | ' | ' | |||||||
Percentage of number of restricted shares eligible for conversion (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 100.00% | ||||||||||
Percentage of incremental awards to vest (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' | ||||||||||
[1] | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $18.84 per common share at December 31, 2012 for the approximately 331,571 options and stock appreciation rights that were in-the-money at December 31, 2012. | |||||||||||||||||||||||||||||
[2] | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted closing price of Pinnacle Financial common stock of $29.56 per common share at September 30, 2013 for the approximately 758,719 options and stock appreciation rights that were in-the-money at September 30, 2013. | |||||||||||||||||||||||||||||
[3] | These shares vest in equal annual installments on the anniversary date of the grant. | |||||||||||||||||||||||||||||
[4] | The forfeiture restrictions on these restricted share awards lapse in separate equal installments should Pinnacle Financial achieve certain earnings and soundness targets over each year of the subsequent vesting period (or alternatively, the cumulative vesting period). | |||||||||||||||||||||||||||||
[5] | Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions lapse on the one year anniversary date of the award based on each individual board member meeting their attendance goals for the various board and board committee meetings to which each member was scheduled to attend. | |||||||||||||||||||||||||||||
[6] | Represents 26,152 shares forfeited due to failure to meet performance targets and 26,918 shares forfeited due to employee termination and/or retirement. | |||||||||||||||||||||||||||||
[7] | These shares represent forfeitures resulting from associate terminations during the nine months ended September 30, 2013. |
Regulatory_Matters_Details
Regulatory Matters (Details) (USD $) | 3 Months Ended | |||
Sep. 30, 2013 | Dec. 31, 2012 | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Preceding period of retained earnings used in calculation of dividend payable | '2 years | ' | ||
Pinnacle Financial [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Cash dividends paid to Pinnacle Financial by Pinnacle Bank | $8,900,000 | ' | ||
Amount available for dividend distribution without prior approval from TDFI | 95,800,000 | ' | ||
Actual Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 603,484,000 | 552,021,000 | ||
Tier I capital to risk weighted assets: | 546,376,000 | 498,802,000 | ||
Tier I capital to average assets: | 546,376,000 | [1] | 498,802,000 | [1] |
Actual Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 13.20% | 13.00% | ||
Tier I capital to risk weighted assets: (in hundredths) | 12.00% | 11.80% | ||
Tier I capital to average assets: (in hundredths) | 10.80% | [1] | 10.60% | [1] |
Regulatory Minimum Capital Requirement Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 364,570,000 | 339,151,000 | ||
Tier I capital to risk weighted assets: | 182,285,000 | 169,575,000 | ||
Tier I capital to average assets: | 202,668,000 | [1] | 169,575,000 | [1] |
Regulatory Minimum Capital Requirement Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 8.00% | 8.00% | ||
Tier I capital to risk weighted assets: (in hundredths) | 4.00% | 4.00% | ||
Tier I capital to average assets: (in hundredths) | 4.00% | [1] | 4.00% | [1] |
Regulatory Minimum To Be Well Capitalized Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 456,867,000 | 425,748,000 | ||
Tier I capital to risk weighted assets: | 274,120,000 | 255,449,000 | ||
Regulatory Minimum To Be Well Capitalized Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 10.00% | 10.00% | ||
Tier I capital to risk weighted assets: (in hundredths) | 6.00% | 6.00% | ||
Pinnacle Bank [Member] | ' | ' | ||
Actual Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 586,156,000 | 545,615,000 | ||
Tier I capital to risk weighted assets: | 529,166,000 | 492,489,000 | ||
Tier I capital to average assets: | 529,166,000 | [1] | 492,489,000 | [1] |
Actual Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 12.90% | 12.90% | ||
Tier I capital to risk weighted assets: (in hundredths) | 11.60% | 11.60% | ||
Tier I capital to average assets: (in hundredths) | 10.50% | [1] | 10.50% | [1] |
Regulatory Minimum Capital Requirement Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 363,804,000 | 338,548,000 | ||
Tier I capital to risk weighted assets: | 181,902,000 | 169,274,000 | ||
Tier I capital to average assets: | 201,975,000 | [1] | 169,274,000 | [1] |
Regulatory Minimum Capital Requirement Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 8.00% | 8.00% | ||
Tier I capital to risk weighted assets: (in hundredths) | 4.00% | 4.00% | ||
Tier I capital to average assets: (in hundredths) | 4.00% | [1] | 4.00% | [1] |
Regulatory Minimum To Be Well Capitalized Amount [Abstract] | ' | ' | ||
Total capital to risk weighted assets: | 455,921,000 | 425,005,000 | ||
Tier I capital to risk weighted assets: | 273,553,000 | 255,003,000 | ||
Tier I capital to average assets: | $252,468,000 | [1] | $255,003,000 | [1] |
Regulatory Minimum To Be Well Capitalized Ratio [Abstract] | ' | ' | ||
Total capital to risk weighted assets: (in hundredths) | 10.00% | 10.00% | ||
Tier I capital to risk weighted assets: (in hundredths) | 6.00% | 6.00% | ||
Tier I capital to average assets: (in hundredths) | 5.00% | [1] | 5.00% | [1] |
[1] | Average assets for the above calculations were based on the most recent quarter. |
Derivative_Instruments_Details
Derivative Instruments (Details) (USD $) | 3 Months Ended | 3 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Pay Fixed / Receive Variable Swaps [Member] | Pay Fixed / Receive Variable Swaps [Member] | Pay Variable / Receive Fixed Swaps [Member] | Pay Variable / Receive Fixed Swaps [Member] | Interest Rate Swap October 2015 March 2019 [Member] | Interest Rate Swap April 2015 April 2017 [Member] | Interest Rate Swap October 2015 October 2019 [Member] | Interest Rate Swap April 2016 April 2020 [Member] | Interest Rate Swap April 2016 April 2022 [Member] | Interest Rate Swap October 2016 October 2020 [Member] | ||
Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | ||||
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||||||||
Interest rate swap agreements [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional Amount of Interest rate swap | ' | $520,484 | $472,754 | $260,242 | $236,377 | $260,242 | $236,377 | ' | ' | ' | ' | ' | ' |
Estimated Fair Value of Interest rate swap | ' | -314 | -234 | 11,435 | 16,132 | -11,749 | -16,366 | ' | ' | ' | ' | ' | ' |
Forward Cash Flow Hedge Relationship [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Derivative Assets, at Fair Value | 4,815 | ' | ' | ' | ' | ' | ' | 638 | 390 | 1,278 | 915 | 844 | 750 |
Forecasted Notional Amount | $198,000 | ' | ' | ' | ' | ' | ' | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 |
Variable Interest Rate | ' | ' | ' | ' | ' | ' | ' | '3 month LIBOR | '3 month LIBOR | '3 month LIBOR | '3 month LIBOR | '3 month LIBOR | '3 month LIBOR |
Fixed Interest Rate | ' | ' | ' | ' | ' | ' | ' | 1.86% | 1.43% | 2.00% | 2.27% | 2.65% | 2.52% |
Term, Lower Maturity Range Date | ' | ' | ' | ' | ' | ' | ' | 31-Oct-15 | 30-Apr-15 | 31-Oct-15 | 30-Apr-16 | 30-Apr-16 | 31-Oct-16 |
Term, Higher Maturity Range Date | ' | ' | ' | ' | ' | ' | ' | 30-Apr-19 | 30-Apr-18 | 31-Oct-19 | 30-Apr-20 | 30-Apr-22 | 31-Oct-20 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss), Description | '2,926 | ' | ' | ' | ' | ' | ' | '388 | '237 | '776 | '556 | '513 | '456 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | ||||||||||||
Commitments to Extend Credit [Member] | Commitments to Extend Credit [Member] | Carrying Amount / Notional Amount [Member] | Carrying Amount / Notional Amount [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Other Liabilities [Member] | Other Liabilities [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Recurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | Nonrecurring [Member] | |||||||||||||||
Other Liabilities [Member] | Other Liabilities [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Quoted Market Prices in an Active Market (Level 1) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | |||||||||||||||||||||||||||||||||||
Investment securities available for sale [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
US Treasury securities, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,000,000 | ' | ' | ' | ' | ' | $5,000,000 | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
U.S. government agency securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,491,000 | 110,452,000 | ' | 0 | 127,491,000 | 110,452,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Mortgage-backed securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 394,330,000 | 375,651,000 | ' | 0 | 394,330,000 | 375,651,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
State and municipal securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 148,790,000 | 191,727,000 | ' | 0 | 148,790,000 | 191,727,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Agency- backed securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,314,000 | 17,352,000 | ' | 0 | 17,314,000 | 17,352,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Corporate notes and other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,367,000 | 11,396,000 | ' | 0 | 11,367,000 | 11,396,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Total investment securities available-for-sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 704,292,000 | 706,578,000 | 5,000,000 | 0 | 699,292,000 | 706,578,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Alternative investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,965,000 | 4,214,000 | 0 | 0 | 0 | 0 | 5,965,000 | 4,214,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,250,000 | 16,599,000 | 0 | 0 | 16,250,000 | 16,132,000 | 0 | 467,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Total assets at fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 726,507,000 | 727,391,000 | 5,000,000 | 0 | 715,542,000 | 722,710,000 | 5,965,000 | 4,681,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Liabilities at fair value [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,749,000 | 16,366,000 | 0 | 0 | 11,749,000 | 16,366,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Total liabilities at fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,749,000 | 16,366,000 | 0 | 0 | 11,749,000 | 16,366,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Assets and liabilities measured at fair value on a nonrecurring basis [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Other real estate owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,522,000 | 18,580,000 | 0 | 0 | 0 | 0 | 15,522,000 | 18,580,000 | ||||||||||||
Nonaccrual loans, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,445,000 | 21,059,000 | 0 | 0 | 0 | 0 | 19,445,000 | 21,059,000 | ||||||||||||
Total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,967,000 | 39,639,000 | 0 | 0 | 0 | 0 | 34,967,000 | 39,639,000 | ||||||||||||
Valuation allowance of impaired loans | 545,000 | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Gain (losses) on Other real estate owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,708,000 | -5,428,000 | ' | ' | ' | ' | ' | ' | ||||||||||||
Gain (losses) on Impaired loans, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,135,000 | -4,745,000 | ' | ' | ' | ' | ' | ' | ||||||||||||
Total gains (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,843,000 | -10,173,000 | ' | ' | ' | ' | ' | ' | ||||||||||||
Assets measured on recurring basis, unobservable input reconciliation, calculation [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Fair value, January 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,681,000 | 3,400,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Total net realized (losses) gains included in income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | -366,000 | 641,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at March 31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Purchases, issuances and settlements, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 1,650,000 | 189,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Transfers out of Level 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Fair value, March 31 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 5,965,000 | 4,230,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Total realized (losses) gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | -366,000 | 641,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Financial assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Securities held-to-maturity | 38,717,744 | 583,212 | [1] | ' | ' | 39,594,000 | 575,000 | 38,718,000 | [1] | 583,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 38,718,000 | 583,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Loans, net | 3,587,031,000 | [1] | 3,642,744,000 | [1] | ' | ' | 3,969,302,000 | ' | ' | 3,358,435,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 3,587,031,000 | 3,358,435,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Mortgage loans held-for-sale | 17,290,000 | [1] | 41,195,000 | [1] | ' | ' | 16,962,000 | ' | ' | 42,425,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 17,290,000 | 42,425,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Financial liabilities [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Deposits and securities sold under agreements to repurchase | 4,065,286,000 | [1] | 4,129,855,000 | ' | ' | 4,417,575,000 | ' | ' | 4,084,314,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 4,065,286,000 | 4,084,314,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Federal Home Loan Bank advances | 115,634,000 | [1] | 75,850,000 | [1] | ' | ' | 115,671,000 | ' | ' | 76,350,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 115,634,000 | 76,350,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Subordinated debt and other borrowings | 73,650,000 | [1] | 106,158,000 | [1] | ' | ' | 99,283,000 | ' | ' | 83,862,000 | [1] | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 73,650,000 | 83,862,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Off-balance sheet instruments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Commitments to extend credit | 1,097,000 | [1],[2] | 1,030,723,000 | [1],[2] | ' | ' | 1,161,846,000 | [2] | ' | ' | 1,594,000 | [1],[2] | ' | ' | ' | ' | ' | ' | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 1,097,000 | [2] | 1,594,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Standby letters of credit | 45,530,772 | 48,252,519 | ' | ' | 62,363,000 | [3] | 74,679,000 | [3] | 274,000 | [1],[3] | 304,000 | [1],[3] | ' | ' | ' | ' | ' | ' | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 274,000 | [3] | 304,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Off-balance sheet commitments | ' | ' | $1,400,000 | $1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
[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. | |||||||||||||||||||||||||||||||||||||||||||||||
[2] | At the end of each quarter, Pinnacle Financial evaluates the inherent risks of the outstanding off-balance sheet commitments. In making this evaluation, Pinnacle Financial evaluates the credit worthiness of the borrower, the collateral supporting the commitments and any other factors similar to those used to evaluate the inherent risks of our loan portfolio. Additionally, Pinnacle Financial evaluates the probability that the outstanding commitment will eventually become a funded loan. As a result, at September 30, 2013 and December 31, 2012, Pinnacle Financial included in other liabilities $1.4 million and $1.9 million, respectively, representing the inherent risks associated with these off-balance sheet commitments. | |||||||||||||||||||||||||||||||||||||||||||||||
[3] | At September 30, 2013 and December 31, 2012, the fair value of Pinnacle Financialbs standby letters of credit was $274,000 and $304,000, respectively. This amount represents the unamortized fee associated with these standby letters of credit and is included in the consolidated balance sheet of Pinnacle Financial and is believed to approximate fair value. This fair value will decrease over time as the existing standby letters of credit approach their expiration dates. |
Variable_Interest_Entities_Det
Variable Interest Entities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Low Income Housing Partnerships [Member] | Other Assets [Member] | ' | ' |
Classification of carrying amount of assets and liabilities of VIE [Abstract] | ' | ' |
Maximum Loss Exposure | $5,993 | $6,096 |
Liability Recognized | 0 | 0 |
Trust Preferred Issuances [Member] | Subordinated Debt [Member] | ' | ' |
Classification of carrying amount of assets and liabilities of VIE [Abstract] | ' | ' |
Liability Recognized | 82,476 | 82,476 |
Commercial Troubled Debt Restructurings [Member] | Loans [Member] | ' | ' |
Classification of carrying amount of assets and liabilities of VIE [Abstract] | ' | ' |
Maximum Loss Exposure | 15,254 | 20,951 |
Liability Recognized | $0 | $0 |