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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Derivative Financial Instruments and Balances
The following table details the location and amounts of client derivatives and foreign exchange contracts recognized in the Consolidated Balance Sheets:
   December 31, 2022December 31, 2021
 Estimated fair valueEstimated fair value
(Dollars in thousands)Balance
Sheet Classification
Notional
amount
GainLossNotional
amount
GainLoss
Client derivatives-instruments associated with loans      
Matched interest rate swaps with borrowerAccrued interest and other assets and other liabilities$2,206,351 $5,057 $(147,759)$2,430,587 $84,694 $(7,508)
Matched interest rate swaps with counterpartyAccrued interest and other liabilities2,206,351 147,759 (5,057)2,430,587 7,508 (84,701)
Foreign exchange contracts
Matched foreign exchange contracts with customersAccrued interest and other assets7,734,395 111,078 (93,804)6,423,085 67,988 (52,780)
Matched foreign exchange contracts with counterpartyAccrued interest and other liabilities7,681,006 93,804 (111,078)6,399,432 52,780 (67,988)
Total $19,828,103 $357,698 $(357,698)$17,683,691 $212,970 $(212,977)
Disclosure by Type of Financial Instrument [Table Text Block]
The following table discloses the gross and net amounts of client derivatives and foreign exchange contracts recognized in the Consolidated Balance Sheets:
December 31, 2022December 31, 2021
(Dollars in thousands)Gross amounts of recognized liabilitiesGross amounts offset in the Consolidated Balance SheetsNet amounts of (assets)/liabilities presented in the Consolidated Balance SheetsGross amounts of recognized liabilitiesGross amounts offset in the Consolidated Balance SheetsNet amounts of (assets)/liabilities presented in the Consolidated Balance Sheets
Client derivatives
Matched interest rate swaps$152,816 $(314,048)$(161,232)$92,209 $(149,647)$(57,438)
Foreign exchange contracts with counterparty
204,882 (101,945)102,937 120,768 (56,443)64,325 
Total$357,698 $(415,993)$(58,295)$212,977 $(206,090)$6,887 
Derivative Financial Instruments, Average Remaining Maturity and the Weighted-Average Interest Rates being Paid and Received
The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received by First Financial at December 31, 2022:
(Dollars in thousands)Notional
amount
Average
maturity
(years)
Fair
value
Client derivatives-interest rate contracts   
Receive fixed, matched interest rate swaps with borrower$2,206,351 5.3$(142,702)
Pay fixed, matched interest rate swaps with counterparty2,206,351 5.3142,702 
Client derivatives-foreign exchange contracts
Foreign exchange contracts - pay USD7,734,395 0.717,274 
Foreign exchange contracts - receive USD7,681,006 0.7(17,274)
Total client derivatives$19,828,103 1.7$