XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.24.3

COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies [Table Text Block] | The following table presents by type First Financial's active loan balances and related obligations to extend credit:
|  | September 30, 2024 |  | December 31, 2023
(dollars in thousands) |  | Unfunded commitment |  | Loan balance |  | Unfunded commitment |  | Loan balance
Commercial & industrial |  | $ | 1,872,041 |  |  | $ | 3,678,546 |  |  | $ | 1,942,868 |  |  | $ | 3,501,221 |
Lease financing |  | 0 |  | 587,415 |  | 0 |  | 474,817
Construction real estate |  | 398,031 |  | 802,264 |  | 565,009 |  | 564,832
Commercial real estate-investor |  | 85,838 |  | 3,047,059 |  | 101,689 |  | 3,138,629
Commercial real estate-owner |  | 38,149 |  | 987,761 |  | 40,346 |  | 942,310
Residential real estate |  | 70,690 |  | 1,422,186 |  | 98,686 |  | 1,333,674
Home equity |  | 998,439 |  | 825,431 |  | 972,474 |  | 758,676
Installment |  | 30,130 |  | 141,270 |  | 25,841 |  | 159,078
Credit card |  | 287,032 |  | 61,140 |  | 235,686 |  | 59,939
Total |  | $ | 3,780,350 |  |  | $ | 11,553,072 |  |  | $ | 3,982,599 |  |  | $ | 10,933,176 |
Investment Holdings, Schedule of Investments | The following table summarizes First Financial's investments in affordable housing projects and other tax credit investments.
(Dollars in thousands) |  | September 30, 2024 |  | December 31, 2023
Investment |  | Accounting Method |  | Investment |  | Unfunded commitment |  | Investment |  | Unfunded commitment
LIHTC |  | Proportional amortization |  | $ | 147,038 |  |  | $ | 69,971 |  |  | $ | 142,933 |  |  | $ | 80,465 |
HTC |  | Proportional amortization |  | 13,958 |  |  | 11,955 |  |  | 0 |  |  | 0 |
HTC |  | Equity |  | 3,749 |  |  | 1,347 |  |  | 19,798 |  |  | 14,043 |
NMTC |  | Equity |  | 1,380 |  |  | 0 |  |  | 1,938 |  |  | 0 |
Renewable energy |  | Equity |  | 23,573 |  |  | 231 |  |  | 23,981 |  |  | 1,857 |
Total |  |  |  | $ | 189,698 |  |  | $ | 83,504 |  |  | $ | 188,650 |  |  | $ | 96,365 |
The following table summarizes First Financial's amortization expense and tax benefit recognized in affordable housing projects and other tax credit investments.
|  |  |  | Three months ended
|  |  |  | September 30, 2024 |  | September 30, 2023
(Dollars in thousands) |  |  |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2) |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2)
LIHTC |  | Proportional amortization |  | $ | 3,398 |  |  | $ | (3,905) |  |  | $ | 3,455 |  |  | $ | (3,434) |
HTC |  | Proportional amortization |  | 1,193 |  |  | (1,104) |  |  | 0 |  |  | 0 |
HTC |  | Equity |  | 0 |  |  | 0 |  |  | 0 |  |  | (80) |
NMTC |  | Equity |  | 31 |  |  | (1) |  |  | 104 |  |  | (53) |
Renewable energy |  | Equity |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total |  |  |  | $ | 4,622 |  |  | $ | (5,010) |  |  | $ | 3,559 |  |  | $ | (3,567) |
|  |  |  | Nine months ended
|  |  |  | September 30, 2024 |  | September 30, 2023
(Dollars in thousands) |  | Accounting Method |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2) |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2)
LIHTC |  | Proportional amortization |  | $ | 10,506 |  |  | $ | (11,926) |  |  | $ | 10,520 |  |  | $ | (10,411) |
HTC |  | Proportional amortization |  | 2,092 |  |  | (3,312) |  |  | 0 |  |  | 0 |
HTC |  | Equity |  | 0 |  |  | 0 |  |  | 0 |  |  | (239) |
NMTC |  | Equity |  | 94 |  |  | (4) |  |  | 311 |  |  | (158) |
Renewable energy |  | Equity |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Total |  |  |  | $ | 12,692 |  |  | $ | (15,242) |  |  | $ | 10,831 |  |  | $ | (10,808) |
(1) The amortization expense for investments using the proportional amortization method is included in income tax expense. The amortization expense for the equity method investments is included in other noninterest expense.
(2) All of the tax benefits recognized are included in Income tax expense. The tax benefit recognized for the equity method investments primarily reflects the tax credits generated from the investments and excludes the net tax expense (benefit) and deferred tax liability of the investments’ income (loss).

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

X
- Definition Tabular disclosure of data and information required in the supplementary schedule applicable to management investment companies listing holdings of unaffiliated investments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-6 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1 + Details
Name: | us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about obligations resulting from other commitments. + References No definition available. + Details
Name: | us-gaap_OtherCommitmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration