XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

OPERATING LEASES | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Operating Leases - Lessor | Operating Leases - Lessor First Financial provides financing for various types of equipment through a operating leasing arrangements. Operating leases are carried at cost less accumulated depreciation in the Consolidated Balance Sheets. Operating leases were $91.7 million and $60.8 million at December 31, 2022 and December 31, 2021, respectively, net of accumulated depreciation of $35.0 million and $25.5 million at December 31, 2022 and December 31, 2021, respectively. The Company recorded lease income of $24.5 million related to lease payments for operating leases in leasing business income in the Consolidated Statement of Income for the twelve months ended December 31, 2022, respectively. Depreciation expense related to operating lease equipment was $20.4 million for the twelve months ended December 31, 2022, respectively. First Financial performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. First Financial recognized no impairment losses associated with operating lease assets for the twelve months ended December 31, 2022. Recognized impairment losses, if any, would be recorded in Leasing business income in the Consolidated Statements of Income. The future lease payments receivable from operating leases as of December 31, 2022 are as follows:
(Dollars in thousands) |  | Undiscounted cash flows
2023 |  | $ | 27,334 |
2024 |  | 21,422 |
2025 |  | 13,149 |
2026 |  | 7,122 |
2027 |  | 1,912 |
Thereafter |  | 1,271 |
Total operating lease payments |  | $ | 72,210 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=77888252 + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration