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FAIR VALUE DISCLOSURES (Tables) | 12 Months Ended
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Dec. 31, 2019
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
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |
Cash and short-term investments |  | $ | 257,639 |  |  | $ | 257,639 |  |  | $ | 257,639 |  |  | $ | 0 |  |  | $ | 0 |
Investment securities held-to-maturity |  | 142,862 |  |  | 142,821 |  |  | 0 |  |  | 142,821 |  |  | 0 |
Other investments |  | 125,020 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans held for sale |  | 13,680 |  |  | 13,680 |  |  | 0 |  |  | 13,680 |  |  | 0 |
Loans and leases |  | 9,144,015 |  |  | 9,134,215 |  |  | 0 |  |  | 0 |  |  | 9,134,215 |
Accrued interest receivable |  | 39,591 |  |  | 39,591 |  |  | 0 |  |  | 12,743 |  |  | 26,848 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 10,210,229 |  |  | 10,209,790 |  |  | 0 |  |  | 10,209,790 |  |  | 0 |
Short-term borrowings |  | 1,316,181 |  |  | 1,316,181 |  |  | 1,316,181 |  |  | 0 |  |  | 0 |
Long-term debt |  | 414,376 |  |  | 414,937 |  |  | 0 |  |  | 414,937 |  |  | 0 |
Accrued interest payable |  | 13,671 |  |  | 13,671 |  |  | 1,899 |  |  | 11,772 |  |  | 0 |
|  | 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 |  | 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 |  | 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 |
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, 2019 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Investment securities available-for-sale |  | $ | 100 |  |  | $ | 2,842,794 |  |  | $ | 9,190 |  |  | $ | 2,852,084 |
Interest rate derivative contracts |  | 0 |  |  | 73,558 |  |  | 0 |  |  | 73,558 |
Foreign exchange derivative contracts |  | 0 |  |  | 39,172 |  |  | 0 |  |  | 39,172 |
Total |  | $ | 100 |  |  | $ | 2,955,524 |  |  | $ | 9,190 |  |  | $ | 2,964,814 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivative contracts |  | $ | 0 |  |  | $ | 73,750 |  |  | $ | 0 |  |  | $ | 73,750 |
Foreign exchange derivative contracts |  | 0 |  |  | 39,172 |  |  | 0 |  |  | 39,172 |
Total |  | $ | 0 |  |  | $ | 112,922 |  |  | $ | 0 |  |  | $ | 112,922 |
|  | Fair Value Measurements Using |  | Assets/Liabilities
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | at Fair Value
December 31, 2018 |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Investment securities available-for-sale |  | $ | 97 |  |  | $ | 2,764,443 |  |  | $ | 14,715 |  |  | $ | 2,779,255 |
Derivatives |  | 0 |  |  | 29,543 |  |  | 0 |  |  | 29,543 |
Total |  | $ | 97 |  |  | $ | 2,793,986 |  |  | $ | 14,715 |  |  | $ | 2,808,798 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 0 |  |  | $ | 29,336 |  |  | $ | 0 |  |  | $ | 29,336 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents a reconciliation for certain AFS securities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2019.
|  | Year ended
(dollars in thousands) |  | December 31, 2019
Beginning balance |  | $ | 14,715 |
Accretion (amortization) |  | (552 | )
Increase (decrease) in fair value |  | 30 |
Settlements |  | (5,003 | )
Ending balance |  | $ | 9,190 |
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, 2019 |  |  |  |  |  |
Assets |  |  |  |  |  |
Impaired loans |  | $ | 0 |  |  | $ | 0 |  |  | $ | 9,268 |
OREO |  | 0 |  |  | 0 |  |  | 1,088 |
|  | 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 |

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