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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Balance Sheets
|  | December 31,
(Dollars in thousands) |  | 2020 |  | 2019
Assets |  |  |  |
Cash |  | $ | 172,902 |  |  | $ | 55,869 |
Investment securities |  | 1,388 |  |  | 1,116 |
Subordinated notes from subsidiaries |  | 7,500 |  |  | 7,500 |
Investment in subsidiaries |  |  |  |
Commercial bank |  | 2,346,009 |  |  | 2,272,991 |
Non-banks |  | 9,559 |  |  | 8,260 |
Total investment in subsidiaries |  | 2,355,568 |  |  | 2,281,251 |
Premises and equipment |  | 1,328 |  |  | 1,344 |
Other assets |  | 68,812 |  |  | 77,572 |
Total assets |  | $ | 2,607,498 |  |  | $ | 2,424,652 |
Liabilities |  |  |  |
Subordinated notes |  | $ | 320,615 |  |  | $ | 171,983 |
Dividends payable |  | 674 |  |  | 849 |
Other liabilities |  | 4,139 |  |  | 4,115 |
Total liabilities |  | 325,428 |  |  | 176,947 |
Shareholders’ equity |  | 2,282,070 |  |  | 2,247,705 |
Total liabilities and shareholders’ equity |  | $ | 2,607,498 |  |  | $ | 2,424,652 |
Schedule of Condensed Income Statement | Statements of Income and Comprehensive Income
|  | Years Ended December 31,
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Income |  |  |  |  |  |
Interest income |  | $ | 27 |  |  | $ | 30 |  |  | $ | 23 |
Noninterest income |  | 272 |  |  | 191 |  |  | 0 |
Dividends from subsidiaries |  | 81,725 |  |  | 196,800 |  |  | 107,340 |
Total income |  | 82,024 |  |  | 197,021 |  |  | 107,363 |
Expenses |  |  |  |  |  |
Interest expense |  | 14,172 |  |  | 9,552 |  |  | 8,798 |
Salaries and employee benefits |  | 8,004 |  |  | 8,169 |  |  | 6,413 |
Professional services |  | 1,160 |  |  | 1,040 |  |  | 5,130 |
Other |  | 5,163 |  |  | 6,599 |  |  | 5,648 |
Total expenses |  | 28,499 |  |  | 25,360 |  |  | 25,989 |
Income before income taxes and equity in undistributed net earnings of subsidiaries |  | 53,525 |  |  | 171,661 |  |  | 81,374 |
Income tax expense (benefit) |  | (6,145) |  |  | (5,975) |  |  | (6,687) |
Equity in undistributed earnings (loss) of subsidiaries |  | 96,140 |  |  | 20,439 |  |  | 84,534 |
Net income |  | $ | 155,810 |  |  | $ | 198,075 |  |  | $ | 172,595 |
Comprehensive income |  | $ | 191,151 |  |  | $ | 254,900 |  |  | $ | 153,670 |
Schedule of Condensed Cash Flow Statement | Statements of Cash Flows
|  | Years Ended December 31,
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Operating activities |  |  |  |  |  |
Net income |  | $ | 155,810 |  |  | $ | 198,075 |  |  | $ | 172,595 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |
Equity in undistributed (earnings) loss of subsidiaries |  | (96,140) |  |  | (20,439) |  |  | (84,534) |
Depreciation and amortization |  | 712 |  |  | 584 |  |  | 194 |
Stock-based compensation expense |  | 7,678 |  |  | 7,969 |  |  | 6,219 |
Deferred income taxes |  | (158) |  |  | 1,255 |  |  | 739 |
(Decrease) increase in dividends payable |  | (175) |  |  | 384 |  |  | (10,500) |
(Decrease) increase in other liabilities |  | (22) |  |  | (244) |  |  | 9,979 |
Decrease (increase) in other assets |  | 8,635 |  |  | (7,187) |  |  | 16,346 |
Net cash provided by (used in) operating activities |  | 76,340 |  |  | 180,397 |  |  | 111,038 |
Investing activities |  |  |  |  |  |
Capital contributions to subsidiaries |  | 0 |  |  | 0 |  |  | (3,000) |
Net cash acquired (paid) in business combinations |  | 0 |  |  | (53,660) |  |  | 11,353 |
Proceeds from sales and maturities of investment securities |  | 0 |  |  | 264 |  |  | 0 |
Purchases of investment securities |  | 0 |  |  | (500) |  |  | 0 |
Net cash (used in) provided by investing activities |  | 0 |  |  | (53,896) |  |  | 8,353 |
Financing activities |  |  |  |  |  |
(Decrease) increase in short-term borrowings |  | 0 |  |  | 0 |  |  | (8,333) |
Proceeds from long-term borrowings |  | 150,000 |  |  | 0 |  |  | 0 |
Cash dividends paid on common stock |  | (89,691) |  |  | (89,097) |  |  | (79,655) |
Purchases of common stock |  | (16,686) |  |  | (66,218) |  |  | 0 |
Proceeds from exercise of stock options, net of shares purchased |  | 72 |  |  | 90 |  |  | 284 |
Other |  | (3,002) |  |  | (2,285) |  |  | (2,528) |
Net cash provided by (used in) financing activities |  | 40,693 |  |  | (157,510) |  |  | (90,232) |
Net increase (decrease) in cash |  | 117,033 |  |  | (31,009) |  |  | 29,159 |
Cash at beginning of year |  | 55,869 |  |  | 86,878 |  |  | 57,719 |
Cash at end of year |  | $ | 172,902 |  |  | $ | 55,869 |  |  | $ | 86,878 |

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