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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Amounts Recognized in Balance Sheet and Income Statement [Table Text Block]

The following tables set forth information concerning amounts recognized in First Financial's Consolidated Balance Sheets and Consolidated Statements of Income related to the Company's pension plan:

		December 31,
(Dollars in thousands)		2018				2017
Change in benefit obligation
Benefit obligation at beginning of year		$	71,154			$	62,729
Service cost		6,501				4,894
Interest cost		2,394				2,325
Actuarial (gain) loss		(4,032		)		6,107
Benefits paid, excluding settlement		(7,731		)		(4,901		)
Benefit obligation at end of year		68,286				71,154
Change in plan assets
Fair value of plan assets at beginning of year		144,349				131,011
Actual return on plan assets		(6,540		)		18,239
Benefits paid, excluding settlement		(7,731		)		(4,901		)
Fair value of plan assets at end of year		130,078				144,349
Amounts recognized in the Consolidated Balance Sheets
Assets		61,792				73,195
Liabilities		0				0
Net amount recognized		$	61,792			$	73,195
Amounts recognized in accumulated other comprehensive income (loss)
Net actuarial loss		$	43,711			$	33,580
Net prior service cost		(1,508		)		(1,921		)
Deferred tax assets		(9,613		)		(12,028		)
Net amount recognized		$	32,590			$	19,631
Change in accumulated other comprehensive income (loss)		$	12,959			$	(3,172	)
Accumulated benefit obligation		$	66,320			$	69,678

Schedule of Components of Net Periodic Benefit Cost [Table Text Block]

Components of net periodic benefit cost
		December 31,
(Dollars in thousands)		2018				2017				2016
Service cost		$	6,501			$	4,894			$	5,034
Interest cost		2,394				2,325				2,262
Expected return on assets		(9,811		)		(9,358		)		(9,644		)
Amortization of prior service cost		(413		)		(413		)		(413		)
Recognized net actuarial loss		2,188				1,924				1,608
Net periodic benefit (income) cost		859				(628		)		(1,153		)
Other changes recognized in accumulated other comprehensive income (loss)
Net actuarial (gain) loss		12,319				(2,775		)		(884		)
Prior service cost		0				0				0
Amortization of prior service cost		413				413				413
Amortization of gain		(2,188		)		(1,924		)		(1,608		)
Total recognized in accumulated other comprehensive income (loss)		10,544				(4,286		)		(2,079		)
Total recognized in net periodic benefit cost and accumulated other comprehensive income (loss)		$	11,403			$	(4,914	)		$	(3,232	)
Amount expected to be recognized in net periodic pension expense in the coming year
Amortization of (gain) loss		$	1,867			$	2,090			$	1,754
Amortization of prior service credit		(413		)		(413		)		(413		)

Schedule of Assumptions Used [Table Text Block]

Pension plan assumptions
		December 31,
		2018			2017			2016
Benefit obligations
Discount rate		4.31	%		3.43	%		3.88	%
Rate of compensation increase		3.50	%		3.50	%		3.50	%
Net periodic benefit cost
Discount rate		3.43	%		3.88	%		4.05	%
Expected return on plan assets		7.25	%		7.25	%		7.50	%
Rate of compensation increase		3.50	%		3.50	%		3.50	%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

The fair value of the plan assets as of December 31, 2018 by asset category is shown in the table that follows:

		Fair Value Measurements
(Dollars in thousands)		Total				Quoted Prices in  Active Markets  for  Identical Assets  (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Asset Category
Cash		$	216			$	216			$	0			$	0
U. S. Government agencies		8,053				0				8,053				0
Fixed income mutual funds		74,453				74,453				0				0
Equity mutual funds		47,356				47,356				0				0
Total		$	130,078			$	122,025			$	8,053			$	0

The fair value of the plan assets as of December 31, 2017 by asset category is shown in the table that follows:

		Fair Value Measurements
(Dollars in thousands)		Total				Quoted Prices in  Active Markets  for  Identical Assets  (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Asset Category
Cash		$	175			$	175			$	0			$	0
U. S. Government agencies		6,853				0				6,853				0
Fixed income mutual funds		69,154				69,154				0				0
Equity mutual funds		68,167				68,167				0				0
Total		$	144,349			$	137,496			$	6,853			$	0

Schedule of Expected Benefit Payments [Table Text Block]

The following benefit payments, which reflect expected future service, are expected to be paid:

(Dollars in thousands)
2019		$	4,396
2020		5,280
2021		5,229
2022		4,739
2023		4,917
Thereafter		29,948

X

- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

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-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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