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EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
First Financial sponsors a non-contributory defined benefit pension plan which covers substantially all employees and uses a December 31 measurement date. Plan assets are primarily invested in fixed income and publicly traded equity mutual funds. The pension plan does not directly own any shares of First Financial common stock or any other First Financial security or product.

First Financial made no cash contributions to fund the pension plan during the six months ended June 30, 2024 or the year ended December 31, 2023, and does not expect to make cash contributions to the plan through the remainder of 2024.

As a result of the plan’s actuarial projections, First Financial recorded expense as set forth in the following table. The amounts are recognized in First Financial’s Consolidated Statements of Income related to the Company's pension plan.
Three months endedSix months ended
June 30,June 30,
(Dollars in thousands)2024202320242023
Service cost$2,425 $2,334 $4,850 $4,684 
Interest cost1,300 1,072 2,600 2,147 
Expected return on assets(2,625)(2,700)(5,250)(5,400)
Amortization of prior service cost01 01 
Net actuarial loss375 170 750 320 
     Net periodic benefit cost (income)$1,475 $877 $2,950 $1,752