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v3.22.2

BORROWINGS (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | The following is a summary of First Financial's short-term borrowings:
(Dollars in thousands) |  | June 30, 2022 |  | December 31, 2021
Federal funds purchased and securities sold under agreements to repurchase |  | $ | 0 |  |  | $ | 51,203 |
FHLB short-term borrowings |  | 896,000 |  |  | 225,000 |
Other short-term borrowings |  | 0 |  |  | 20,000 |
Total short-term borrowings |  | $ | 896,000 |  |  | $ | 296,203 |
Summary of Long-term Debt | The following is a summary of First Financial's long-term debt:
|  | June 30, 2022 |  | December 31, 2021
(Dollars in thousands) |  | Amount |  | Average rate |  | Amount |  | Average rate
Subordinated notes |  | $ | 313,476 |  |  | 5.07 | % |  | $ | 313,248 |  |  | 4.86 | %
Unamortized debt issuance costs |  | (2,191) |  |  | N/A |  | (2,384) |  |  | N/A
Capital lease liability |  | 1,740 |  |  | 3.82 | % |  | 1,781 |  |  | 3.81 | %
Capital loan with municipality |  | 775 |  |  | 0.00 | % |  | 775 |  |  | 0.00 | %
Subtotal |  | 313,800 |  |  | 5.08 | % |  | 313,420 |  |  | 4.88 | %
Acquired in Summit acquisition |  |  |  |  |  |  |  |
Bank lines of credit |  | 0 |  |  | 0.00 | % |  | 23,030 |  |  | 2.77 | %
Notes issued in conjunction with acquisition of property and equipment |  | 44,778 |  |  | 4.46 | % |  | 73,382 |  |  | 4.09 | %
Total notes payable acquired in Summit acquisition |  | 44,778 |  |  | 4.46 | % |  | 96,412 |  |  | 3.77 | %
Total long-term debt |  | $ | 358,578 |  |  | 5.00 | % |  | $ | 409,832 |  |  | 4.62 | %

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