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ALLOWANCE FOR LOAN AND LEASE LOSSES | 12 Months Ended
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Dec. 31, 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. For further discussion of First Financial's allowance methodology, see Note 1 – Summary of Significant Accounting Policies. 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 from the liquidation of collateral. Changes in the ALLL by loan category as of December 31 were as follows:
|  | 2019
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction real estate |  | Commercial real estate |  | Residential real estate |  | Home equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 18,746 |  |  | $ | 1,130 |  |  | $ | 3,413 |  |  | $ | 21,048 |  |  | $ | 4,964 |  |  | $ | 5,348 |  |  | $ | 362 |  |  | $ | 1,531 |  |  | $ | 56,542 |
Provision for loan and lease losses |  | 23,631 |  |  | 3 |  |  | (1,100 | ) |  | 5,107 |  |  | 739 |  |  | 695 |  |  | 2 |  |  | 1,521 |  |  | 30,598 |
Gross charge-offs |  | (26,676 | ) |  | (162 | ) |  | 0 |  |  | (3,689 | ) |  | (677 | ) |  | (2,591 | ) |  | (223 | ) |  | (1,547 | ) |  | (35,565 | )
Recoveries |  | 2,883 |  |  | 0 |  |  | 68 |  |  | 1,113 |  |  | 273 |  |  | 1,335 |  |  | 251 |  |  | 152 |  |  | 6,075 |
Total net charge-offs |  | (23,793 | ) |  | (162 | ) |  | 68 |  |  | (2,576 | ) |  | (404 | ) |  | (1,256 | ) |  | 28 |  |  | (1,395 | ) |  | (29,490 | )
Ending allowance for loan and lease losses |  | $ | 18,584 |  |  | $ | 971 |  |  | $ | 2,381 |  |  | $ | 23,579 |  |  | $ | 5,299 |  |  | $ | 4,787 |  |  | $ | 392 |  |  | $ | 1,657 |  |  | $ | 57,650 |
|  | 2018
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction real estate |  | Commercial real estate |  | Residential real estate |  | Home equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 17,598 |  |  | $ | 675 |  |  | $ | 3,577 |  |  | $ | 20,930 |  |  | $ | 4,683 |  |  | $ | 4,935 |  |  | $ | 307 |  |  | $ | 1,316 |  |  | $ | 54,021 |
Provision for loan and lease losses |  | 10,615 |  |  | 454 |  |  | (310 | ) |  | 847 |  |  | 492 |  |  | 829 |  |  | (85 | ) |  | 1,744 |  |  | 14,586 |
Gross charge-offs |  | (11,533 | ) |  | 0 |  |  | 0 |  |  | (4,835 | ) |  | (422 | ) |  | (1,725 | ) |  | (435 | ) |  | (1,720 | ) |  | (20,670 | )
Recoveries |  | 2,066 |  |  | 1 |  |  | 146 |  |  | 4,106 |  |  | 211 |  |  | 1,309 |  |  | 575 |  |  | 191 |  |  | 8,605 |
Total net charge-offs |  | (9,467 | ) |  | 1 |  |  | 146 |  |  | (729 | ) |  | (211 | ) |  | (416 | ) |  | 140 |  |  | (1,529 | ) |  | (12,065 | )
Ending allowance for loan and lease losses |  | $ | 18,746 |  |  | $ | 1,130 |  |  | $ | 3,413 |  |  | $ | 21,048 |  |  | $ | 4,964 |  |  | $ | 5,348 |  |  | $ | 362 |  |  | $ | 1,531 |  |  | $ | 56,542 |
|  | 2017
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction real estate |  | Commercial real estate |  | Residential real estate |  | Home equity |  | Installment |  | Credit card |  | Total
Allowance for loan and lease losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 19,225 |  |  | $ | 716 |  |  | $ | 3,282 |  |  | $ | 26,540 |  |  | $ | 3,208 |  |  | $ | 3,043 |  |  | $ | 388 |  |  | $ | 1,559 |  |  | $ | 57,961 |
Provision for loan and lease losses |  | 6,917 |  |  | (42 | ) |  | 207 |  |  | (7,291 | ) |  | 1,695 |  |  | 1,778 |  |  | (90 | ) |  | 408 |  |  | 3,582 |
Gross charge-offs |  | (10,194 | ) |  | 0 |  |  | (1 | ) |  | (1,038 | ) |  | (435 | ) |  | (913 | ) |  | (225 | ) |  | (857 | ) |  | (13,663 | )
Recoveries |  | 1,650 |  |  | 1 |  |  | 89 |  |  | 2,719 |  |  | 215 |  |  | 1,027 |  |  | 234 |  |  | 206 |  |  | 6,141 |
Total net charge-offs |  | (8,544 | ) |  | 1 |  |  | 88 |  |  | 1,681 |  |  | (220 | ) |  | 114 |  |  | 9 |  |  | (651 | ) |  | (7,522 | )
Ending allowance for loan and lease losses |  | $ | 17,598 |  |  | $ | 675 |  |  | $ | 3,577 |  |  | $ | 20,930 |  |  | $ | 4,683 |  |  | $ | 4,935 |  |  | $ | 307 |  |  | $ | 1,316 |  |  | $ | 54,021 |
The ALLL balance and the recorded investment in loans by portfolio segment and based on impairment method as of December 31 were as follows:
|  | December 31, 2019
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction real estate |  | Commercial real estate |  | Residential real estate |  | Home equity |  | Installment |  | Credit card |  | Total
Ending allowance on loans individually evaluated for impairment |  | $ | 2,044 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 113 |  |  | $ | 18 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 2,175 |
Ending allowance on loans collectively evaluated for impairment |  | 16,540 |  |  | 971 |  |  | 2,381 |  |  | 23,466 |  |  | 5,281 |  |  | 4,787 |  |  | 392 |  |  | 1,657 |  |  | 55,475 |
Ending allowance for loan and lease losses |  | $ | 18,584 |  |  | $ | 971 |  |  | $ | 2,381 |  |  | $ | 23,579 |  |  | $ | 5,299 |  |  | $ | 4,787 |  |  | $ | 392 |  |  | $ | 1,657 |  |  | $ | 57,650 |
Loans and Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance of loans individually evaluated for impairment |  | $ | 27,480 |  |  | $ | 223 |  |  | $ | 0 |  |  | $ | 10,831 |  |  | $ | 15,162 |  |  | $ | 5,700 |  |  | $ | 204 |  |  | $ | 0 |  |  | $ | 59,600 |
Ending balance of loans collectively evaluated for impairment |  | 2,438,397 |  |  | 88,141 |  |  | 493,182 |  |  | 4,183,820 |  |  | 1,040,787 |  |  | 766,169 |  |  | 82,385 |  |  | 49,184 |  |  | 9,142,065 |
Total loans |  | $ | 2,465,877 |  |  | $ | 88,364 |  |  | $ | 493,182 |  |  | $ | 4,194,651 |  |  | $ | 1,055,949 |  |  | $ | 771,869 |  |  | $ | 82,589 |  |  | $ | 49,184 |  |  | $ | 9,201,665 |
|  | December 31, 2018
(Dollars in thousands) |  | Commercial & industrial |  | Lease financing |  | Construction real estate |  | Commercial real estate |  | Residential real estate |  | Home equity |  | Installment |  | Credit card |  | Total
Ending allowance on loans individually evaluated for impairment |  | $ | 667 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 461 |  |  | $ | 32 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,160 |
Ending allowance on loans 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 and Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance of loans individually evaluated for impairment |  | $ | 37,633 |  |  | $ | 22 |  |  | $ | 9 |  |  | $ | 25,022 |  |  | $ | 17,598 |  |  | $ | 6,351 |  |  | $ | 174 |  |  | $ | 0 |  |  | $ | 86,809 |
Ending balance of loans 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 |

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