EXHIBIT 99.1

[PINNACLE FINANCIAL PARTNERS LOGO]

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Vicki Kessler 615-320-7532
FINANCIAL CONTACT: Harold Carpenter 615-744-3742
WEBSITE: www.mypinnacle.com

PINNACLE FINANCIAL REPORTS RECORD EARNINGS
ASSETS GROW TO $727 MILLION AND EARNINGS PER SHARE ARE $0.61

NASHVILLE, Tenn., Jan. 18, 2005 - Pinnacle Financial Partners Inc.
(Nasdaq: PNFP) today reported another record year in earnings. The company
reported net income for the year ended December 31, 2004, of $5,319,000, or
$0.61 per diluted share, an increase of 91 percent when compared to Pinnacle's
net income of $2,555,000, or $0.32 per diluted share for the year ended December
31, 2003. The company also reported net income of $1,689,000, or $0.18 per
diluted share, for the quarter ended December 31, 2004, an increase of 64
percent when compared to Pinnacle's net income of $858,000, or $0.11 per diluted
share for the same quarter last year.

Return on average assets for the quarter ended December 31, 2004, was 0.95
percent compared to 0.75 percent for the same quarter last year. Return on
average stockholders' equity for the quarter ended December 31, 2004, was 11.61
percent compared to 10.02 percent for the same quarter last year. The firm's
efficiency ratio (noninterest expense divided by net interest income and
noninterest income) improved to 55.7 percent during the fourth quarter of 2004
compared to 67.9 percent during the fourth quarter of 2003.

Total assets grew to $727 million as of December 31, 2004, up $229 million
or 46 percent from the $498 million reported at December 31, 2003. Loans as of
December 31, 2004, were $472 million, or 59 percent higher than the $297 million
reported at December 31, 2003. Total deposits increased to $571 million at
December 31, 2004, or 46 percent higher than the $391 million reported at
December 31, 2003.

"We are very pleased with our earnings performance for 2004," said M.
Terry Turner, President and CEO of Pinnacle Financial Partners. "We also
experienced extraordinary growth in loans, deposits and total assets which
escalated throughout 2004 and should provide great momentum for 2005."

Net interest income for the year ended December 31, 2004, was $20.3
million compared to $12.9 million for the same period in 2003. Net interest
income for the quarter ended

Pinnacle Reports Continued Growth - 2 of 5

December 31, 2004, was $6.3 million compared to $3.9 million for the quarter
ended December 31, 2003. The net interest margin for the fourth quarter of 2004
was 3.78 percent, which was higher than the net interest margin of 3.62 percent
reported during the third quarter in 2004. The percentage of daily floating rate
loans to total loans was 55.1 percent at December 31, 2004, compared to 55.8
percent at September 30, 2004, and 52.7 percent at December 31, 2003.

The provision for loan losses was $2,948,000 for the year ended December
31, 2004 compared to $1,157,000 for the year ended December 31, 2003. The
provision for loan losses was $1,134,000 for the fourth quarter of 2004 compared
to $204,000 in the fourth quarter in 2003. The provision for loan losses was
significantly higher in 2004 due to loan growth in 2004 of $175 million compared
to loan growth of $87 million in 2003. Additionally, the company recorded net
charge-offs of $1,016,000 in 2004 compared to net charge-offs of $115,000 during
2003. The allowance for loan losses represented 1.20 percent of total loans at
December 31, 2004. Net charge-offs to average loans for 2004 amounted to 0.27
percent for the year ended December 31, 2004 compared to 0.05 percent for the
year ended December 31, 2003. Nonaccrual loans as a percentage of total loans
decreased to 0.12 percent at December 31, 2004 from 0.13 percent at December 31,
2003.

"During the fourth quarter of 2004, we recorded partial charge-offs for
two commercial loans," said Mr. Turner. "The combined charge-offs amounted to
$884,000. These actions resulted in an increase in our net charge-off ratio for
2004 but also resulted in reductions in the level of nonperforming loans, the
ratio of nonperforming assets to total loans, the percentage of loans past due
30 days or more and the percentage of criticized/classified loans to total
loans."

Noninterest income for the year ended December 31, 2004, was $5.5 million
compared to $3.3 million during the same period in 2003. Noninterest income for
the quarter ended December 31, 2004, was $1,386,000 compared to $924,000 during
the same quarter in 2003. These increases were due to the further development of
Pinnacle's mortgage origination unit, gains recognized on the sale of loans,
increased service charges due to more deposit accounts and increased investment
services income from Pinnacle Asset Management. For the quarter ended December
31, 2004, noninterest income represented approximately 18.0 percent of total
revenues (the sum of net interest income and noninterest income), compared to
19.2 percent for the same quarter in 2003.

Noninterest expense for the year ended December 31, 2004, was $15.3
million compared to $11.0 million for the same period in 2003, an increase of 38
percent. Noninterest expense for the quarter ended December 31, 2004, was $4.3
million compared to $3.3 million for the

Pinnacle Reports Continued Growth - 3 of 5

same quarter in 2003. When compared to the third quarter of 2004, noninterest
expenses were $263,000 higher in the fourth quarter of 2004. This increase from
the third quarter to fourth quarter is attributable to increased occupancy and
equipment expenses and increased legal, accounting and consulting costs.

Compensation expenses were $2.4 million in the fourth quarter of 2004
compared to $2.5 million for the third quarter of 2004, a reduction of $149,000.
Compensation expenses were less in the fourth quarter of 2004 as compared to the
third quarter of 2004 due to reduced costs associated with the firm's annual
cash incentive plan. Virtually all associates participate in the annual cash
incentive plan and awards from the plan were based on 2004 year-end results.
Pinnacle has and will continue to increase expense levels over time in order to
capitalize on current and future market opportunities and to provide the
necessary infrastructure to support our growth.

OTHER 2004 HIGHLIGHTS

- Pinnacle currently has 123 associates with 87 working in client
contact areas and 36 in operational and corporate areas, an increase
of 33 employees since December 31, 2003. Approximately 34 associate
additions are currently planned for 2005 with 22 to be in customer
contact areas.

- During the third quarter of 2004, the firm successfully completed
its second follow-on stock offering, issuing 977,500 common shares
at $20 per share. The offering resulted in net proceeds of $17.2
million in additional capital to support the future growth of the
firm.

- Pinnacle was named by the Nashville Business Journal as the "Best
Place to Work" among Middle Tennessee's large companies. This is the
second year for Pinnacle to receive top honors in the annual awards
program.

- Today, Pinnacle opened its seventh office, located in Franklin,
Tenn., which is the county seat of Williamson County. The Franklin
office is the firm's third office in Williamson County, which has
the highest per capita income and one of the highest growth rates of
all Tennessee counties.

- The firm opened its sixth office, located in the West End area of
Nashville, during the third quarter of 2004. This office is located
adjacent to Vanderbilt University and is in close proximity to
Nashville's medical community, including several prominent hospitals
and medical office facilities. Pinnacle has also created a financial
services unit focused on medical practices. This new unit is based
in its

Pinnacle Reports Continued Growth - 4 of 5

West End location with five associates focused on serving this
particular business sector.

- Pinnacle has completed negotiations on the site for its eighth
office to be located in the Hendersonville, Tenn., area, northeast
of Nashville's central business district. The firm anticipates this
office to be open in mid-2005. Additionally, the firm is considering
a ninth location to be opened in late 2005 in the Nashville MSA.
Pinnacle expects to add another two offices in the Nashville MSA in
2006, which would bring the company's total number of offices to 11.

INVESTMENT OUTLOOK

Management has developed several financial forecast scenarios for the next
several quarters. Based on anticipated growth trends and future investments in
the franchise, Pinnacle estimates its first quarter 2005 diluted earnings per
share will approximate $0.17 to $0.19. Pinnacle estimates diluted earnings per
share for the year ending Dec. 31, 2005, to be $0.82 to $0.88. Additionally,
Pinnacle is estimating that its ending total asset balances will approximate
$900 million by the end of 2005 as a result of continued organic growth. As
noted previously, management has developed several scenarios under which these
estimates can be achieved and believes these estimates to be reasonable based on
these scenarios. However, unanticipated events or developments, including the
execution of any initiative involving the development of any market other than
the current Nashville franchise, the opportunity to hire more seasoned
professionals than anticipated or the ability to grow loans significantly in
excess of the levels contemplated, may cause the actual results of Pinnacle to
differ materially from these estimates. Additionally, the estimates are
inclusive of anticipated compensation expenses in the third and fourth quarters
of 2005 related to the expensing of stock options that have been and may be
granted to employees under the firm's broad-based stock option plans. Pinnacle
estimates that the anticipated compensation expense attributable to the
expensing of stock options will approximate $0.02 to $0.03 per fully diluted
share in the last six months of 2005.

Pinnacle Financial Partners, the largest financial services firm
headquartered in Nashville, provides a full range of banking, investment and
insurance products and services targeted at small- to mid-sized businesses and
their owners/operators. A number of Pinnacle's senior financial advisors provide
comprehensive wealth management services to help clients increase, protect and
distribute their assets.

Pinnacle opened its first office in October 2000 in Commerce Center in
Downtown Nashville. Since then the firm has added Nashville offices in the
Rivergate, Green Hills and

Pinnacle Reports Continued Growth - 5 of 5

West End areas and offices in Brentwood, Cool Springs and Franklin areas of
Williamson County.

Additional information concerning Pinnacle can be accessed at
www.mypinnacle.com.

###

Certain of the statements in this release may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"). The words "expect," "anticipate," "intend,"
"plan," "believe," "seek," "estimate" and similar expressions are intended to
identify such forward-looking statements, but other statements not based on
historical information may also be considered forward-looking. All
forward-looking statements are subject to risks, uncertainties and other facts
that may cause the actual results, performance or achievements of Pinnacle to
differ materially from any results expressed or implied by such forward-looking
statements. Such factors include, without limitation, (i) unanticipated
deterioration in the financial condition of borrowers resulting in significant
increases in loan losses and provisions for those losses, (ii) increased
competition with other financial institutions, (iii) lack of sustained growth in
the economy in the Nashville, Tennessee area, (iv) rapid fluctuations or
unanticipated changes in interest rates, (v) the inability of Pinnacle to
satisfy regulatory requirements for its expansion plans, (vi) the inability of
Pinnacle to execute its branch expansion plans and (i) changes in the
legislative and regulatory environment. A more detailed description of these and
other risks is contained in Pinnacle's most recent annual report on Form 10-KSB.
Many of such factors are beyond Pinnacle's ability to control or predict, and
readers are cautioned not to put undue reliance on such forward-looking
statements. Pinnacle disclaims any obligation to update or revise any
forward-looking statements contained in this release, whether as a result of new
information, future events or otherwise.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - UNAUDITED

DECEMBER 31, DECEMBER 31,
2004 2003
- ---------------------------------------------------------------------------------------------------

ASSETS

Cash and noninterest-bearing due from banks .................. $ 15,243,796 $ 13,768,278
Interest-bearing due from banks............................... 379,047 1,180,371
Federal funds sold............................................ 11,122,944 32,235,401
-------------- ---------------
Cash and cash equivalents................................ 26,745,787 47,184,050

Securities available-for-sale, at fair value ................. 183,844,314 139,944,238
Securities held-to-maturity (fair value of $27,134,913)....... 27,596,159 -

Mortgage loans held-for-sale.................................. 1,634,900 1,582,600

Loans ........................................................ 472,362,219 297,004,110
Less allowance for loan losses ............................... (5,650,014) (3,718,598)
-------------- ---------------
Loans, net............................................... 466,712,205 293,285,512

Premises and equipment, net .................................. 11,130,671 6,911,359
Other assets ................................................. 9,475,414 9,512,899
-------------- ---------------
Total assets......................................... $ 727,139,450 $ 498,420,658
============== ===============

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
Noninterest-bearing demand .............................. $ 114,318,024 $ 60,796,396
Interest-bearing demand ................................. 51,751,320 31,407,213
Savings and money market accounts........................ 199,058,240 140,383,878
Time .................................................... 205,599,425 157,981,525
-------------- ---------------
Total deposits ...................................... 570,727,009 390,569,012
Securities sold under agreements to repurchase................ 31,927,860 15,050,110
Federal Home Loan Bank advances............................... 53,500,000 44,500,000
Subordinated debt............................................. 10,310,000 10,310,000
Other liabilities ............................................ 2,794,406 3,655,155
-------------- ---------------
Total liabilities.................................... 669,259,275 464,084,277

Stockholders' equity:
Preferred stock, no par value; 10,000,000 shares
authorized; no shares issued and outstanding......... - -
Common stock, par value $1.00; 20,000,000 shares
authorized; 8,389,232 issued and outstanding at
December 31, 2004 and 7,384,106 issued and
outstanding at December 31, 2003..................... 8,389,232 7,384,106
Additional paid-in capital............................... 44,376,307 26,990,894
Unearned compensation.................................... (37,250) -
Retained earnings (accumulated deficit).................. 5,127,023 (189,155)
Accumulated other comprehensive income, net ............. 24,863 150,536
-------------- ---------------
Total stockholders' equity .......................... 57,880,175 34,336,381
-------------- ---------------
Total liabilities and stockholders' equity........... $ 727,139,450 $ 498,420,658
============== ===============

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

THREE MONTHS ENDED YEAR ENDED
DECEMBER 31, DECEMBER 31,
2004 2003 2004 2003
- ------------------------------------------------------------------------------------------------------------------------

INTEREST INCOME:
Loans, including fees ................................... $6,285,348 $ 3,714,091 $19,909,900 $ 13,709,159
Securities, available-for-sale
Taxable............................................. 1,989,532 1,401,480 6,935,902 4,158,064
Tax-exempt.......................................... 180,992 79,022 490,757 217,284
Federal funds sold and other ............................ 117,826 49,408 342,470 177,404
---------- ------------- ----------- ------------
Total interest income ............................... 8,573,698 5,244,001 27,679,029 18,261,911
---------- ------------- ----------- ------------

INTEREST EXPENSE:
Deposits ................................................ 1,836,505 1,087,724 5,829,395 4,349,365
Securities sold under agreements to repurchase........... 49,995 23,483 104,085 65,716
Federal funds purchased and other borrowings............. 409,199 240,220 1,481,072 948,023
---------- ------------- ----------- ------------
Total interest expense .............................. 2,295,699 1,351,427 7,414,552 5,363,104
---------- ------------- ----------- ------------
Net interest income ................................. 6,277,999 3,892,574 20,264,477 12,898,807
PROVISION FOR LOAN LOSSES .................................... 1,134,101 203,920 2,948,423 1,157,280
---------- ------------- ----------- ------------
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES .......... 5,143,898 3,688,654 17,316,054 11,741,527

NONINTEREST INCOME:
Service charges on deposit accounts...................... 249,426 153,863 955,851 513,074
Investment services...................................... 398,180 341,231 1,656,743 998,119
Fees from origination of mortgage loans.................. 378,254 177,848 1,254,836 666,853
Gain on loans sold (1)................................... 56,354 132,783 513,646 334,249
Gain on sale of investment securities, net............... - - 357,196 247,978
Other noninterest income ................................ 304,229 118,049 734,449 527,207
---------- ------------- ----------- ------------
Total noninterest income ............................ 1,386,443 923,774 5,472,721 3,287,480
---------- ------------- ----------- ------------

NONINTEREST EXPENSE:
Compensation and employee benefits ...................... 2,391,965 2,250,040 9,540,641 7,260,982
Equipment and occupancy ................................. 777,221 504,258 2,405,613 1,827,260
Marketing and other business development................. 143,998 123,071 606,841 386,905
Postage and supplies .................................... 114,948 74,517 492,254 347,684
Other noninterest expense................................ 838,824 315,491 2,252,233 1,225,791
---------- ------------- ----------- ------------
Total noninterest expense ........................... 4,266,957 3,267,377 15,297,582 11,048,622
---------- ------------- ----------- ------------
INCOME BEFORE INCOME TAXES ................................... 2,263,385 1,345,051 7,491,193 3,980,385
Income tax expense....................................... 574,505 486,826 2,172,283 1,425,746
---------- ------------- ----------- ------------
NET INCOME ................................................... $1,688,880 $ 858,225 $ 5,318,910 $ 2,554,639
========== ============= =========== ============

PER SHARE INFORMATION:
Basic net income per common share........................ $ 0.20 $ 0.12 $ 0.69 $ 0.35
========== ============= =========== ============
Diluted net income per common share...................... $ 0.18 $ 0.11 $ 0.61 $ 0.32
========== ============= =========== ============

Weighted average shares outstanding:
Basic .............................................. 8,389,232 7,384,106 7,750,943 7,384,106
Diluted ............................................ 9,448,696 8,114,888 8,698,139 7,876,006

- ----------
(1) During the third quarter of 2004, the company recognized $280,000 in gains
from the sale of a single loan.

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
SELECTED QUARTERLY FINANCIAL DATA - UNAUDITED

(DOLLARS IN THOUSANDS, DEC SEPT JUNE MAR DEC SEPT
EXCEPT PER SHARE DATA) 2004 2004 2004 2004 2003 2003
- ------------------------------------------------------------------------------------------------------------------------

BALANCE SHEET DATA, AT QUARTER END:
Total assets........................ $ 727,139 685,408 586,313 541,052 498,421 440,693
Total loans......................... 472,362 434,909 355,267 323,416 297,004 279,702
Allowance for loan losses........... (5,650) (5,434) (4,466) (4,042) (3,719) (3,492)
Securities.......................... 211,440 191,323 165,528 162,315 139,944 115,421
Total deposits...................... 570,727 541,859 467,321 437,601 390,569 347,191
Securities sold under agreements
to repurchase.................. 31,928 22,958 23,772 14,699 15,050 19,291
Advances from FHLB.................. 53,500 51,500 47,500 40,500 44,500 39,500
Subordinated debt................... 10,310 10,310 10,310 10,310 10,310 -
Total stockholders' equity.......... 57,880 56,668 35,125 36,266 34,336 33,245

BALANCE SHEET DATA, QUARTERLY AVERAGES:
Total assets........................ $ 707,131 618,694 555,437 508,260 454,700 406,142
Total loans......................... 448,611 392,220 343,974 306,549 283,387 269,703
Securities.......................... 203,728 183,721 169,192 149,802 137,243 107,162
Total earning assets................ 670,839 589,554 527,070 482,572 432,691 386,823
Total deposits...................... 562,936 485,300 439,964 402,603 356,030 314,302
Securities sold under agreements to
repurchase.................... 23,520 25,953 17,523 14,868 16,013 16,136
Advances from FHLB.................. 48,022 49,000 45,736 42,379 43,630 40,239
Subordinated debt................... 10,310 10,310 10,310 10,310 655 -
Total stockholders' equity.......... 57,721 43,868 35,542 35,705 33,935 32,542

STATEMENT OF OPERATIONS DATA, FOR THE THREE MONTHS ENDED:
Interest income..................... $ 8,574 7,214 6,225 5,666 5,244 4,702
Interest expense.................... 2,296 1,915 1,689 1,514 1,351 1,317
---------- ------- ------- ------- ------- -------
Net interest income............. 6,278 5,299 4,536 4,152 3,893 3,385
Provision for loan losses........... 1,134 1,012 449 354 204 318
---------- ------- ------- ------- ------- -------
Net interest income after provision
for loan losses................. 5,144 4,287 4,087 3,798 3,689 3,067
Noninterest income.................. 1,386 1,678 1,183 1,225 924 1,024
Noninterest expense................. 4,267 4,004 3,615 3,412 3,268 2,863
---------- ------- ------- ------- ------- -------
Income before taxes.............. 2,263 1,961 1,655 1,611 1,345 1,228
Income tax expense............... 574 570 487 540 487 441
---------- ------- ------- ------- ------- -------
Net income..................... $ 1,689 1,391 1,168 1,071 858 787
========== ======= ======= ======= ======= =======

PER SHARE DATA:

Earnings - basic.................... $ 0.20 0.18 0.16 0.15 0.12 0.11
Earnings - diluted.................. $ 0.18 0.16 0.14 0.13 0.11 0.10
Book value at quarter end (1)....... $ 6.90 6.75 4.74 4.91 4.65 4.50

Weighted avg. shares - basic........ 8,389,232 7,832,512 7,397,920 7,384,106 7,384,106 7,384,106
Weighted avg. shares - diluted...... 9,448,696 8,857,015 8,279,114 8,213,730 8,114,888 7,944,654
Common shares outstanding........... 8,389,232 8,389,232 7,404,586 7,384,106 7,384,106 7,384,106

CAPITAL RATIOS (2):
Equity to total assets.............. 8.0% 8.3% 6.0% 6.7% 6.8% 7.5%
Leverage............................ 9.7% 10.9% 8.4% 9.0% 10.5% 8.2%
Tier 1 risk-based................... 11.7% 12.4% 10.2% 11.2% 11.8% 9.6%
Total risk-based.................... 12.7% 13.4% 11.2% 12.1% 12.8% 10.6%
....................

INVESTOR INFORMATION:
Closing sales price................. $ 22.62 21.50 18.30 15.25 11.75 9.88
High sales price during quarter..... $ 25.10 23.70 18.67 15.50 12.95 9.97
Low sales price during quarter...... $ 22.05 17.70 13.50 11.65 9.68 8.00

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
SELECTED QUARTERLY FINANCIAL DATA - UNAUDITED

PERFORMANCE RATIOS AND OTHER DATA:
Return on average assets..................... 0.95% 0.89% 0.82% 0.85% 0.75% 0.77%
Return on average stockholders' equity....... 11.61% 12.58% 12.83% 12.03% 10.02% 9.59%
Net interest margin (3)...................... 3.78% 3.62% 3.51% 3.49% 3.62% 3.51%
Noninterest income to total revenue (4)...... 18.1% 24.1% 20.7% 22.8% 19.2% 23.2%
Noninterest income to avg. assets............ 0.78% 1.08% 0.85% 0.97% 0.81% 1.00%
Noninterest exp. to avg. assets.............. 2.39% 2.57% 2.61% 2.69% 2.85% 2.80%
Efficiency ratio (5)......................... 55.7% 57.4% 63.2% 63.5% 67.9% 65.0%
Avg. loans to average deposits............... 79.7% 80.8% 78.2% 76.6% 80.2% 85.7%
Securities to total assets................... 29.1% 27.9% 28.2% 30.0% 28.1% 26.2%
Average interest-earning assets to average
interest-bearing liabilities.......... 121.9% 121.0% 118.3% 118.1% 118.7% 118.8%
Brokered time deposits to total deposits..... 7.6% 8.2% 8.8% 8.2% 9.9% 11.2%

SELECTED GROWTH RATES, LAST TWELVE MONTHS (6):
Total average assets......................... 55.6% 52.3% 52.0% 55.9% 59.0% 66.9%
Average loans................................ 58.3% 45.4% 40.2% 40.8% 40.8% 49.0%
Total average deposits....................... 58.2% 54.4% 58.5% 65.3% 65.1% 72.8%

Total revenue (4)............................ 59.1% 58.2% 48.1% 73.6% 66.6% 58.8%
Total noninterest expense.................... 30.6% 39.8% 35.1% 52.2% 46.5% 31.3%
Diluted earnings per share................... 68.3% 58.5% 104.0% 168.6% 181.7% 251.6%

ASSET QUALITY INFORMATION AND RATIOS:
Nonaccrual loans............................. $ 561 1,332 1,339 86 379 1,095
Past due loans over 90 days and still
accruing interest..................... $ 146 95 35 64 182 88
Net loan charge-offs (7)..................... $ 918 43 25 30 (23) 15
Allowance for loan losses to total loans..... 1.20% 1.25% 1.26% 1.25% 1.25% 1.25%
As a percentage of total loans and ORE:
Past due loans over 30 days .......... 0.37% 0.69% 0.21% 0.30% 0.48% 0.69%
Nonperforming assets.................. 0.12% 0.31% 0.38% 0.03% 0.13% 0.39%
Potential problem loans (8)........... 0.02% 0.08% 0.11% 0.57% 0.57% 0.22%
Annualized net loan charge-offs
(recoveries) to avg. loans (9)......... 0.27% 0.04% 0.03% 0.04% 0.05% 0.08%
Avg. commercial loan internal risk
ratings (8)........................... 3.9 3.8 3.9 3.9 4.0 3.9
Avg. loan account balances (10).............. $ 161 157 149 147 153 150

INTEREST RATES AND YIELDS:
Loans ...................................... 5.58% 5.25% 5.27% 5.14% 5.17% 5.41%
Securities................................... 4.34% 4.33% 4.00% 4.45% 4.35% 3.66%
Federal funds sold and other................. 2.72% 2.50% 2.20% 1.47% 2.26% 2.28%
Total earning assets......................... 5.12% 4.90% 4.78% 4.73% 4.83% 4.84%
Total deposits, including
non-interest bearing.................. 1.56% 1.22% 1.21% 1.17% 1.21% 1.35%
Securities sold under agreements
to repurchase......................... 0.85% 0.51% 0.26% 0.25% 0.58% 0.38%
Federal funds purchased and
FHLB advances......................... 2.34% 2.14% 2.08% 2.19% 2.05% 2.23%
Subordinated debt............................ 4.77% 4.58% 3.54% 3.98% 3.98% -
Total deposits and other
interest-bearing liabilities.......... 1.66% 1.33% 1.31% 1.29% 1.28% 1.40%

PINNACLE FINANCIAL PARTNERS, INC. AND SUBSIDIARIES
SELECTED QUARTERLY FINANCIAL DATA - UNAUDITED

OTHER INFORMATION:
Mortgage loan originations..................... $ 17,584 22,382 16,061 10,845 10,148 14,742
Fees from origination of mortgage loans........ $ 378 419 266 192 178 245
Fees from origination of mortgage loans to
mortgage loan originations.............. 2.14% 1.87% 1.66% 1.77% 1.75% 1.66%
Gains on sales of investment securities, net... $ - 109 - 248 - 114
Brokerage account assets, at quarter-end (11).. $398,000 368,000 344,000 351,000 319,000 247,000
Floating rate loans as a percentage of
loans (12).............................. 55.1% 55.8% 52.5% 52.4% 52.7% 53.7%
Balance of loan participations sold to other
banks and serviced by Pinnacle, at
quarter end............................. $ 57,678 53,343 58,530 54,772 51,653 45,981
Total core deposits to total deposits (13)..... 62.3% 61.8% 59.8% 62.8% 60.1% 55.5%
Total assets per full-time equivalent
employee................................ $ 5,960 5,909 5,776 5,695 5,569 5,474
Annualized revenues per full-time
equivalent employee..................... $ 251.3 240.6 225.4 226.4 215.3 211.2
Number of employees (full-time equivalent)..... 122.0 116.0 101.5 95.0 89.5 83.5
Associate retention rate (14).................. 98.4% 97.4% 97.5% 97.4% 96.1% 95.7%

- ----------
(1) Book value per share computed by dividing total stockholders' equity by
common shares outstanding

(2) Capital ratios are for Pinnacle Financial Partners, Inc. and are defined
as follows:

Equity to total assets - End of period total stockholders' equity as a
percentage of end of period assets.

Leverage - Tier 1 capital (pursuant to risk-based capital guidelines) as
a percentage of adjusted average assets.

Tier 1 risk-based - Tier 1 capital (pursuant to risk-based capital
guidelines) as a percentage of total risk-weighted assets.

Total risk-based - Total capital (pursuant to risk-based capital
guidelines) as a percentage of total risk-weighted assets.

(3) Net interest margin is the result of net interest income on a tax
equivalent basis divided by average interest earning assets. Included in
the third quarter of 2004 net interest income was $80,000 in income
related to the liquidation of a particular borrower's assets. Excluding
this transaction the net interest margin for the Company for the third
quarter of 2004 would have approximated 3.54%. Management believes
excluding this item from its net interest margin calculation is more
meaningful under the circumstances as the increase in net interest income
from this particular transaction is not expected to reoccur and the
modified presentation of net interest margin is more comparable to prior
periods.

(4) Total revenue is equal to the sum of net interest income and noninterest
income.

(5) Efficiency ratios are calculated by dividing noninterest expense by the
sum of net interest income and noninterest income.

(6) Growth rates are calculated by dividing amounts for the current quarter by
the same quarter of the previous year.

(7) During the fourth quarter of 2004, the Company incurred two large
commercial charge-offs of approximately $850,000 which had been previously
on nonaccruing status.

(8) Average risk ratings are based on an internal loan review system which
assigns a numeric value of 1 to 10 to all loans to commercial entities
based on their underlying risk characteristics as of the end of each
quarter. A "1" risk rating is assigned to credits that exhibit Excellent
risk characteristics, "2" exhibit Very Good risk characteristics, "3"
Good, "4" Satisfactory, "5" Acceptable or Average, "6" Watch List, "7"
Criticized, "8" Classified or Substandard, "9" Doubtful and "10" Loss
(which are charged-off immediately). Additionally, loans rated "8" or
worse are considered potential problem loans. Potential problem loans do
not include nonperforming loans. Generally, consumer loans are not
subjected to internal risk ratings.

(9) Annualized net loan charge-offs to average loans ratios are computed by
annualizing year-to-date net loan charge-offs and dividing the result by
average loans for the year-to-date period.

(10) Computed by dividing the balance of all loans by the number of loan
accounts as of the end of each quarter.

(11) At fair value, based on information obtained from the company's third
party broker/dealer for non-FDIC insured financial products and services.

(12) Floating rate loans are those loans that are eligible for repricing on a
daily basis subject to changes in Pinnacle's prime lending rate or other
factors.

(13) Core deposits include all transaction deposit accounts, money market and
savings accounts and all certificates of deposit issued in a denomination
of $100,000 or less. The ratio noted above represents total core deposits
divided by total funding, which includes total deposits, FHLB advances,
securities sold under agreements to repurchase, subordinated indebtedness
and all other interest-bearing liabilities.

(14) Associate retention rate is computed by dividing the number of associates
employed at quarter-end less the number of associates that have resigned
in the last 12 months by the number of associates employed at quarter-end.