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FAIR VALUE DISCLOSURES (Tables) | 12 Months Ended
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Dec. 31, 2018
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
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |
Cash and short-term investments |  | $ | 273,959 |  |  | $ | 273,959 |  |  | $ | 273,959 |  |  | $ | 0 |  |  | $ | 0 |
Investment securities held-to-maturity |  | 429,328 |  |  | 424,118 |  |  | 0 |  |  | 424,118 |  |  | 0 |
Other investments |  | 115,660 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans held for sale |  | 4,372 |  |  | 4,372 |  |  | 0 |  |  | 4,372 |  |  | 0 |
Loans and leases, net of ALLL |  | 8,767,672 |  |  | 8,662,868 |  |  | 0 |  |  | 0 |  |  | 8,662,868 |
Accrued interest receivable |  | 41,816 |  |  | 41,816 |  |  | 0 |  |  | 13,819 |  |  | 27,997 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 2,492,434 |  |  | $ | 2,492,434 |  |  | $ | 0 |  |  | $ | 2,492,434 |  |  | $ | 0 |
Interest-bearing demand |  | 2,307,071 |  |  | 2,307,071 |  |  | 0 |  |  | 2,307,071 |  |  | 0 |
Savings |  | 3,167,325 |  |  | 3,167,325 |  |  | 0 |  |  | 3,167,325 |  |  | 0 |
Time |  | 2,173,564 |  |  | 2,146,645 |  |  | 0 |  |  | 2,146,645 |  |  | 0 |
Total deposits |  | 10,140,394 |  |  | 10,113,475 |  |  | 0 |  |  | 10,113,475 |  |  | 0 |
Short-term borrowings |  | 1,040,691 |  |  | 1,040,691 |  |  | 1,040,691 |  |  | 0 |  |  | 0 |
Long-term debt |  | 570,739 |  |  | 557,933 |  |  | 0 |  |  | 557,933 |  |  | 0 |
Accrued interest payable |  | 12,126 |  |  | 12,126 |  |  | 2,035 |  |  | 10,091 |  |  | 0 |
|  | Carrying |  | Estimated Fair Value
(Dollars in thousands) |  | Value |  | Total |  | Level 1 |  | Level 2 |  | Level 3
December 31, 2017 |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |
Cash and short-term investments |  | $ | 184,624 |  |  | $ | 184,624 |  |  | $ | 184,624 |  |  | $ | 0 |  |  | $ | 0 |
Investment securities held-to-maturity |  | 654,008 |  |  | 653,101 |  |  | 0 |  |  | 653,101 |  |  | 0 |
Other investments |  | 53,140 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans held for sale |  | 11,502 |  |  | 11,502 |  |  | 0 |  |  | 11,502 |  |  | 0 |
Loans and leases, net of ALLL |  | 5,959,162 |  |  | 6,006,656 |  |  | 0 |  |  | 0 |  |  | 6,006,656 |
Accrued interest receivable |  | 24,496 |  |  | 24,496 |  |  | 0 |  |  | 8,265 |  |  | 16,231 |
Financial liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  |  |  |
Noninterest-bearing |  | $ | 1,662,058 |  |  | $ | 1,662,058 |  |  | $ | 0 |  |  | $ | 1,662,058 |  |  | $ | 0 |
Interest-bearing demand |  | 1,453,463 |  |  | 1,453,463 |  |  | 0 |  |  | 1,453,463 |  |  | 0 |
Savings |  | 2,462,420 |  |  | 2,462,420 |  |  | 0 |  |  | 2,462,420 |  |  | 0 |
Time |  | 1,317,105 |  |  | 1,306,674 |  |  | 0 |  |  | 1,306,674 |  |  | 0 |
Total deposits |  | 6,895,046 |  |  | 6,884,615 |  |  | 0 |  |  | 6,884,615 |  |  | 0 |
Short-term borrowings |  | 814,565 |  |  | 814,565 |  |  | 814,565 |  |  | 0 |  |  | 0 |
Long-term debt |  | 119,654 |  |  | 117,908 |  |  | 0 |  |  | 117,908 |  |  | 0 |
Accrued interest payable |  | 5,104 |  |  | 5,104 |  |  | 204 |  |  | 4,900 |  |  | 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 |  | Assets/Liabilities
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | at Fair Value
December 31, 2018 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Derivatives |  | $ | 0 |  |  | $ | 29,543 |  |  | $ | 0 |  |  | $ | 29,543 |
Investment securities available-for-sale |  | 97 |  |  | 2,779,158 |  |  | 0 |  |  | 2,779,255 |
Total |  | $ | 97 |  |  | $ | 2,808,701 |  |  | $ | 0 |  |  | $ | 2,808,798 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 0 |  |  | $ | 29,336 |  |  | $ | 0 |  |  | $ | 29,336 |
|  | Fair Value Measurements Using |  | Assets/Liabilities
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | at Fair Value
December 31, 2017 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Derivatives |  | $ | 0 |  |  | $ | 12,757 |  |  | $ | 0 |  |  | $ | 12,757 |
Investment securities available-for-sale |  | 2,969 |  |  | 1,346,439 |  |  | 0 |  |  | 1,349,408 |
Total |  | $ | 2,969 |  |  | $ | 1,359,196 |  |  | $ | 0 |  |  | $ | 1,362,165 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 0 |  |  | $ | 12,755 |  |  | $ | 0 |  |  | $ | 12,755 |
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
December 31, 2018 |  |  |  |  |  |
Assets |  |  |  |  |  |
Impaired loans |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,320 |
OREO |  | 0 |  |  | 0 |  |  | 1,089 |
|  | Fair Value Measurements Using
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3
December 31, 2017 |  |  |  |  |  |
Assets |  |  |  |  |  |
Impaired loans |  | $ | 0 |  |  | $ | 0 |  |  | $ | 2,671 |
OREO |  | 0 |  |  | 0 |  |  | 1,086 |

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