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v3.24.3

BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | The following is a summary of First Financial's short-term borrowings:
(Dollars in thousands) |  | September 30, 2024 |  | December 31, 2023
FHLB short-term borrowings |  | $ | 765,000 |  |  | $ | 800,000 |
Other short-term borrowings |  | 46,653 |  |  | 137,814 |
Total short-term borrowings |  | $ | 811,653 |  |  | $ | 937,814 |
Summary of Long-term Debt | The following is a summary of First Financial's long-term debt:
|  | September 30, 2024 |  | December 31, 2023
(Dollars in thousands) |  | Amount |  | Average rate |  | Amount |  | Average rate
Subordinated notes |  | $ | 314,505 |  |  | 5.50 | % |  | $ | 314,163 |  |  | 5.60 | %
Unamortized debt issuance costs |  | (1,324) |  |  | N/A |  | (1,613) |  |  | N/A
Notes issued in conjunction with acquisition of property and equipment |  | 28,587 |  |  | 4.61 | % |  | 29,179 |  |  | 4.40 | %
Capital lease liability |  | 1,543 |  |  | 3.85 | % |  | 1,611 |  |  | 3.84 | %
Capital loan with municipality |  | 775 |  |  | 0.00 | % |  | 775 |  |  | 0.00 | %
Total long-term debt |  | $ | 344,086 |  |  | 5.43 | % |  | $ | 344,115 |  |  | 5.51 | %

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