XML 53 R13.htm IDEA: XBRL DOCUMENT
v3.19.3

ALLOWANCE FOR LOAN AND LEASE LOSSES | 9 Months Ended
--- | ---
Sep. 30, 2019
Receivables [Abstract] |
ALLOWANCE FOR LOAN AND LEASE LOSSES | ALLOWANCE FOR LOAN AND LEASE LOSSES Management maintains the ALLL at a level that it considers sufficient to absorb probable incurred loan and lease losses inherent in the portfolio. Management determines the adequacy of the ALLL based on historical loss experience as well as other significant factors such as composition of the portfolio, economic conditions, geographic footprint, the results of periodic internal and external evaluations of delinquent, nonaccrual and classified loans and any other adverse situations that may affect a specific borrower's ability to repay, including the timing of future payments. The ALLL is increased by provision expense and decreased by charge-offs, net of recoveries of amounts previously charged-off. First Financial's policy is to charge-off all or a portion of a loan when, in management's opinion, it is unlikely to collect the principal amount owed in full either through payments from the borrower or a guarantor or from the liquidation of collateral. Changes in the ALLL by loan category were as follows:
|  | Three months ended September 30, 2019
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home Equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 24,586 |  |  | $ | 1,393 |  |  | $ | 2,919 |  |  | $ | 20,357 |  |  | $ | 5,008 |  |  | $ | 5,307 |  |  | $ | 395 |  |  | $ | 1,584 |  |  | $ | 61,549 |
Provision for loan and lease losses |  | 2,654 |  |  | (388 | ) |  | (152 | ) |  | 1,684 |  |  | 702 |  |  | 68 |  |  | (2 | ) |  | 662 |  |  | 5,228 |
Gross charge-offs |  | (9,556 | ) |  | 0 |  |  | 0 |  |  | (535 | ) |  | (278 | ) |  | (627 | ) |  | (65 | ) |  | (598 | ) |  | (11,659 | )
Recoveries |  | 556 |  |  | 0 |  |  | 0 |  |  | 347 |  |  | 64 |  |  | 335 |  |  | 93 |  |  | 39 |  |  | 1,434 |
Total net charge-offs |  | (9,000 | ) |  | 0 |  |  | 0 |  |  | (188 | ) |  | (214 | ) |  | (292 | ) |  | 28 |  |  | (559 | ) |  | (10,225 | )
Ending allowance for loan and lease losses |  | $ | 18,240 |  |  | $ | 1,005 |  |  | $ | 2,767 |  |  | $ | 21,853 |  |  | $ | 5,496 |  |  | $ | 5,083 |  |  | $ | 421 |  |  | $ | 1,687 |  |  | $ | 56,552 |
|  | Three months ended September 30, 2018
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home Equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 17,528 |  |  | $ | 797 |  |  | $ | 3,985 |  |  | $ | 20,511 |  |  | $ | 4,668 |  |  | $ | 4,801 |  |  | $ | 290 |  |  | $ | 1,496 |  |  | $ | 54,076 |
Provision for loan and lease losses |  | 2,035 |  |  | 287 |  |  | (114 | ) |  | 959 |  |  | 50 |  |  | 63 |  |  | (288 | ) |  | 246 |  |  | 3,238 |
Loans charged off |  | (232 | ) |  | 0 |  |  | 0 |  |  | (902 | ) |  | (145 | ) |  | (351 | ) |  | (43 | ) |  | (390 | ) |  | (2,063 | )
Recoveries |  | 627 |  |  | 0 |  |  | 146 |  |  | 786 |  |  | 71 |  |  | 419 |  |  | 351 |  |  | 64 |  |  | 2,464 |
Total net charge-offs |  | 395 |  |  | 0 |  |  | 146 |  |  | (116 | ) |  | (74 | ) |  | 68 |  |  | 308 |  |  | (326 | ) |  | 401 |
Ending allowance for loan and lease losses |  | $ | 19,958 |  |  | $ | 1,084 |  |  | $ | 4,017 |  |  | $ | 21,354 |  |  | $ | 4,644 |  |  | $ | 4,932 |  |  | $ | 310 |  |  | $ | 1,416 |  |  | $ | 57,715 |
|  | Nine months ended September 30, 2019
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 18,746 |  |  | $ | 1,130 |  |  | $ | 3,413 |  |  | $ | 21,048 |  |  | $ | 4,964 |  |  | $ | 5,348 |  |  | $ | 362 |  |  | $ | 1,531 |  |  | $ | 56,542 |
Provision for loan and lease losses |  | 22,164 |  |  | (25 | ) |  | (714 | ) |  | 1,966 |  |  | 841 |  |  | 427 |  |  | 49 |  |  | 1,261 |  |  | 25,969 |
Loans charged off |  | (23,757 | ) |  | (100 | ) |  | 0 |  |  | (1,835 | ) |  | (510 | ) |  | (1,784 | ) |  | (192 | ) |  | (1,228 | ) |  | (29,406 | )
Recoveries |  | 1,087 |  |  | 0 |  |  | 68 |  |  | 674 |  |  | 201 |  |  | 1,092 |  |  | 202 |  |  | 123 |  |  | 3,447 |
Total net charge-offs |  | (22,670 | ) |  | (100 | ) |  | 68 |  |  | (1,161 | ) |  | (309 | ) |  | (692 | ) |  | 10 |  |  | (1,105 | ) |  | (25,959 | )
Ending allowance for loan and lease losses |  | $ | 18,240 |  |  | $ | 1,005 |  |  | $ | 2,767 |  |  | $ | 21,853 |  |  | $ | 5,496 |  |  | $ | 5,083 |  |  | $ | 421 |  |  | $ | 1,687 |  |  | $ | 56,552 |
|  | Nine months ended September 30, 2018
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 17,598 |  |  | $ | 675 |  |  | $ | 3,577 |  |  | $ | 20,930 |  |  | $ | 4,683 |  |  | $ | 4,935 |  |  | $ | 307 |  |  | $ | 1,316 |  |  | $ | 54,021 |
Provision for loan and lease losses |  | 6,252 |  |  | 408 |  |  | 294 |  |  | 1,155 |  |  | 136 |  |  | (60 | ) |  | (201 | ) |  | 1,292 |  |  | 9,276 |
Loans charged off |  | (5,473 | ) |  | 0 |  |  | 0 |  |  | (3,156 | ) |  | (342 | ) |  | (978 | ) |  | (277 | ) |  | (1,328 | ) |  | (11,554 | )
Recoveries |  | 1,581 |  |  | 1 |  |  | 146 |  |  | 2,425 |  |  | 167 |  |  | 1,035 |  |  | 481 |  |  | 136 |  |  | 5,972 |
Total net charge-offs |  | (3,892 | ) |  | 1 |  |  | 146 |  |  | (731 | ) |  | (175 | ) |  | 57 |  |  | 204 |  |  | (1,192 | ) |  | (5,582 | )
Ending allowance for loan and lease losses |  | $ | 19,958 |  |  | $ | 1,084 |  |  | $ | 4,017 |  |  | $ | 21,354 |  |  | $ | 4,644 |  |  | $ | 4,932 |  |  | $ | 310 |  |  | $ | 1,416 |  |  | $ | 57,715 |
|  | As of September 30, 2019
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home equity |  | Installment |  | Credit card |  | Total
Ending allowance balance attributable to loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 91 |  |  | $ | 43 |  |  | $ | 0 |  |  | $ | 127 |  |  | $ | 18 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 279 |
Collectively evaluated for impairment |  | 18,149 |  |  | 962 |  |  | 2,767 |  |  | 21,726 |  |  | 5,478 |  |  | 5,083 |  |  | 421 |  |  | 1,687 |  |  | 56,273 |
Ending allowance for loan and lease losses |  | $ | 18,240 |  |  | $ | 1,005 |  |  | $ | 2,767 |  |  | $ | 21,853 |  |  | $ | 5,496 |  |  | $ | 5,083 |  |  | $ | 421 |  |  | $ | 1,687 |  |  | $ | 56,552 |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 36,917 |  |  | $ | 284 |  |  | $ | 5 |  |  | $ | 19,756 |  |  | $ | 16,133 |  |  | $ | 5,944 |  |  | $ | 104 |  |  | $ | 0 |  |  | $ | 79,143 |
Collectively evaluated for impairment |  | 2,433,100 |  |  | 92,332 |  |  | 515,955 |  |  | 3,996,152 |  |  | 1,038,874 |  |  | 770,941 |  |  | 88,171 |  |  | 49,010 |  |  | 8,984,535 |
Total loans |  | $ | 2,470,017 |  |  | $ | 92,616 |  |  | $ | 515,960 |  |  | $ | 4,015,908 |  |  | $ | 1,055,007 |  |  | $ | 776,885 |  |  | $ | 88,275 |  |  | $ | 49,010 |  |  | $ | 9,063,678 |
|  | As of December 31, 2018
|  |  |  |  |  | Real Estate |  |  |  |  |  |  |  |
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction |  | Commercial |  | Residential |  | Home equity |  | Installment |  | Credit card |  | Total
Ending allowance balance attributable to loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 667 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 461 |  |  | $ | 32 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,160 |
Collectively evaluated for impairment |  | 18,079 |  |  | 1,130 |  |  | 3,413 |  |  | 20,587 |  |  | 4,932 |  |  | 5,348 |  |  | 362 |  |  | 1,531 |  |  | 55,382 |
Ending allowance for loan and lease losses |  | $ | 18,746 |  |  | $ | 1,130 |  |  | $ | 3,413 |  |  | $ | 21,048 |  |  | $ | 4,964 |  |  | $ | 5,348 |  |  | $ | 362 |  |  | $ | 1,531 |  |  | $ | 56,542 |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 37,633 |  |  | $ | 22 |  |  | $ | 9 |  |  | $ | 25,022 |  |  | $ | 17,598 |  |  | $ | 6,351 |  |  | $ | 174 |  |  | $ | 0 |  |  | $ | 86,809 |
Collectively evaluated for impairment |  | 2,477,028 |  |  | 93,393 |  |  | 548,926 |  |  | 3,729,659 |  |  | 938,048 |  |  | 810,931 |  |  | 93,038 |  |  | 46,382 |  |  | 8,737,405 |
Total loans |  | $ | 2,514,661 |  |  | $ | 93,415 |  |  | $ | 548,935 |  |  | $ | 3,754,681 |  |  | $ | 955,646 |  |  | $ | 817,282 |  |  | $ | 93,212 |  |  | $ | 46,382 |  |  | $ | 8,824,214 |

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration