XML 44 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1

FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Estimated Fair Values of Financial Instruments

The estimated fair values of First Financial’s financial instruments not measured at fair value on a recurring or nonrecurring basis in the consolidated financial statements were as follows:

	Carrying			Estimated fair value
(Dollars in thousands)	value			Total			Level 1			Level 2			Level 3
September 30, 2017
Financial assets
Cash and short-term investments	$	152,627		$	152,627		$	152,627		$	0		$	0
Investment securities held-to-maturity	669,816			672,236			0			672,236			0
Other investments	53,198			N/A			N/A			N/A			N/A
Loans held for sale	16,466			16,466			0			16,466			0
Loans and leases, net of ALLL	5,922,503			5,946,969			0			0			5,946,969
FDIC indemnification asset	8,177			4,608			0			0			4,608
Accrued interest receivable	22,452			22,452			0			7,883			14,569
Financial liabilities
Deposits	6,726,090			6,720,651			0			6,720,651			0
Short-term borrowings	863,732			863,732			863,732			0			0
Long-term debt	119,615			118,922			0			118,922			0
Accrued interest payable	3,997			3,997			957			3,040			0

	Carrying			Estimated fair value
(Dollars in thousands)	value			Total			Level 1			Level 2			Level 3
December 31, 2016
Financial assets
Cash and short-term investments	$	204,048		$	204,048		$	204,048		$	0		$	0
Investment securities held-to-maturity	763,254			763,575			0			763,575			0
Other investments	51,077			N/A			N/A			N/A			N/A
Loans held for sale	13,135			13,135			0			13,135			0
Loans and leases, net of ALLL	5,699,521			5,754,845			0			0			5,754,845
FDIC indemnification asset	12,017			6,720			0			0			6,720
Accrued interest receivable	18,503			18,503			0			5,705			12,798
Financial liabilities
Deposits	6,525,788			6,520,278			0			6,520,278			0
Short-term borrowings	807,912			807,912			807,912			0			0
Long-term debt	119,589			117,878			0			117,878			0
Accrued interest payable	5,049			5,049			410			4,639			0

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The financial assets and liabilities measured at fair value on a recurring basis in the consolidated financial statements were as follows:

		Fair value measurements using
(Dollars in thousands)		Level 1				Level 2				Level 3				Assets/liabilities at fair value
September 30, 2017
Assets
Derivatives		$	0			$	13,150			$	0			$	13,150
Investment securities available-for-sale		2,987				1,283,783				0				1,286,770
Total		$	2,987			$	1,296,933			$	0			$	1,299,920
Liabilities
Derivatives		$	0			$	13,127			$	0			$	13,127

		Fair value measurements using
(Dollars in thousands)		Level 1				Level 2				Level 3				Assets/liabilities at fair value
December 31, 2016
Assets
Derivatives		$	0			$	12,922			$	0			$	12,922
Investment securities available-for-sale		8,711				1,031,159				0				1,039,870
Total		$	8,711			$	1,044,081			$	0			$	1,052,792
Liabilities
Derivatives		$	0			$	12,725			$	0			$	12,725

Summary of Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The following table summarizes financial assets and liabilities measured at fair value on a nonrecurring basis.

		Fair value measurements using
(Dollars in thousands)		Level 1				Level 2				Level 3
September 30, 2017
Assets
Impaired loans		$	0			$	0			$	464
OREO		0				0				913

		Fair value measurements using
(Dollars in thousands)		Level 1				Level 2				Level 3
December 31, 2016
Assets
Impaired loans		$	0			$	0			$	8,154
OREO		0				0				3,921

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration