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EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per share:
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
(Dollars in thousands, except per share data) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Numerator |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 36,418 |  |  | $ | 22,736 |  |  | $ | 66,924 |  |  | $ | 47,150 |
Denominator |  |  |  |  |  |  |  |
Basic earnings per common share - weighted average shares |  | 97,347,533 |  |  | 61,543,478 |  |  | 79,599,709 |  |  | 61,471,347 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Employee stock awards |  | 545,374 |  |  | 625,031 |  |  | 504,914 |  |  | 649,706 |
Warrants |  | 539,165 |  |  | 65,513 |  |  | 524,872 |  |  | 66,420 |
Diluted earnings per common share - adjusted weighted average shares |  | 98,432,072 |  |  | 62,234,022 |  |  | 80,629,495 |  |  | 62,187,473 |
Earnings per share available to common shareholders |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.84 |  |  | $ | 0.77 |
Diluted |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.83 |  |  | $ | 0.76 |
First Financial has two categories of warrants outstanding to purchase the Company's common stock as of June 30, 2018. The first type of warrant represents the right to purchase one share of common stock, no par value per share, and has an exercise price of $12.11 per share. First Financial had warrants outstanding to purchase 22,698 and 112,233 shares of First Financial's common stock as of June 30, 2018 and 2017, respectively and these warrants expire in December of 2018. The second category of warrant was acquired in the MSFG merger and the Company had one such warrant outstanding as of June 30, 2018. This warrant represents the right to purchase 793,520 shares of First Financial's common stock at an exercise price of $10.72 per share and expires in January 2019. Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive. Using the end of period price of the Company's common shares, there were no antidilutive options at June 30, 2018 and June 30, 2017.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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