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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

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)		2019				2018
Change in benefit obligation
Benefit obligation at beginning of year		$	68,286			$	71,154
Service cost		6,591				6,501
Interest cost		2,778				2,394
Actuarial (gain) loss		6,848				(4,032		)
Benefits paid, excluding settlement		(9,459		)		(7,731		)
Benefit obligation at end of year		75,044				68,286
Change in plan assets
Fair value of plan assets at beginning of year		130,078				144,349
Actual return on plan assets		21,197				(6,540		)
Benefits paid, excluding settlement		(9,459		)		(7,731		)
Fair value of plan assets at end of year		141,816				130,078
Amounts recognized in the Consolidated Balance Sheets
Assets		66,772				61,792
Liabilities		0				0
Net amount recognized		$	66,772			$	61,792
Amounts recognized in accumulated other comprehensive income (loss)
Net actuarial loss		$	37,278			$	43,711
Net prior service cost		(1,095		)		(1,508		)
Deferred tax assets		(8,242		)		(9,613		)
Net amount recognized		$	27,941			$	32,590
Change in accumulated other comprehensive income (loss)		$	(4,649	)		$	12,959
Accumulated benefit obligation		$	74,424			$	66,320

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

The components of net periodic benefit cost are shown in the table that follows:

		December 31,
(Dollars in thousands)		2019				2018				2017
Service cost		$	6,591			$	6,501			$	4,894
Interest cost		2,778				2,394				2,325
Expected return on assets		(9,718		)		(9,811		)		(9,358		)
Amortization of prior service cost		(413		)		(413		)		(413		)
Recognized net actuarial loss		1,803				2,188				1,924
Net periodic benefit (income) cost		1,041				859				(628		)
Other changes recognized in accumulated other comprehensive income (loss)
Net actuarial (gain) loss		(4,630		)		12,319				(2,775		)
Prior service cost		0				0				0
Amortization of prior service cost		413				413				413
Amortization of gain		(1,803		)		(2,188		)		(1,924		)
Total recognized in accumulated other comprehensive income (loss)		(6,020		)		10,544				(4,286		)
Total recognized in net periodic benefit cost and accumulated other comprehensive income (loss)		$	(4,979	)		$	11,403			$	(4,914	)
Amount expected to be recognized in net periodic pension expense in the coming year
Amortization of (gain) loss		$	2,079			$	1,867			$	2,090
Amortization of prior service credit		(413		)		(413		)		(413		)

Defined Benefit Plan, Assumptions [Table Text Block]

The pension plan assumptions are shown in the table that follows:

		December 31,
		2019			2018			2017
Benefit obligations
Discount rate		3.33	%		4.31	%		3.43	%
Rate of compensation increase		3.50	%		3.50	%		3.50	%
Net periodic benefit cost
Discount rate		4.31	%		3.43	%		3.88	%
Expected return on plan assets		7.25	%		7.25	%		7.25	%
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, 2019 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		$	195			$	195			$	0			$	0
U. S. Government agencies		5,357				0				5,357				0
Fixed income mutual funds		75,720				75,720				0				0
Equity mutual funds		60,544				60,544				0				0
Total		$	141,816			$	136,459			$	5,357			$	0

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

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)		Expected benefit payments
2020		$	5,611
2021		5,210
2022		5,173
2023		5,125
2024		6,070
Thereafter		35,362

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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.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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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.

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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.

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