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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 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:
|  | December 31, 2024 |  | December 31, 2023
(dollars in thousands) |  | Unfunded commitment |  | Loan balance |  | Unfunded commitment |  | Loan balance
Commercial & industrial |  | $ | 1,887,965 |  |  | $ | 3,815,858 |  |  | $ | 1,942,868 |  |  | $ | 3,501,221 |
Lease financing |  | 0 |  | 598,045 |  | 0 |  | 474,817
Construction real estate |  | 327,743 |  | 779,446 |  | 565,009 |  | 564,832
Commercial real estate-investor |  | 95,810 |  | 3,093,384 |  | 101,689 |  | 3,138,629
Commercial real estate-owner |  | 40,791 |  | 968,360 |  | 40,346 |  | 942,310
Residential real estate |  | 76,401 |  | 1,462,284 |  | 98,686 |  | 1,333,674
Home equity |  | 1,002,965 |  | 849,039 |  | 972,474 |  | 758,676
Installment |  | 33,200 |  | 133,051 |  | 25,841 |  | 159,078
Credit card |  | 285,782 |  | 62,311 |  | 235,686 |  | 59,939
Total |  | $ | 3,750,657 |  |  | $ | 11,761,778 |  |  | $ | 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) |  | December 31, 2024 |  | December 31, 2023
Investment |  | Accounting Method |  | Investment |  | Unfunded commitment |  | Investment |  | Unfunded commitment
LIHTC |  | Proportional amortization |  | $ | 148,942 |  |  | $ | 72,830 |  |  | $ | 142,933 |  |  | $ | 80,465 |
HTC |  | Proportional amortization |  | 14,077 |  |  | 56 |  |  | 0 |  |  | 0 |
HTC |  | Equity |  | 8,781 |  |  | 6,656 |  |  | 19,798 |  |  | 14,043 |
NMTC |  | Equity |  | 1,191 |  |  | 0 |  |  | 1,938 |  |  | 0 |
Renewable energy |  | Equity |  | 10,571 |  |  | 222 |  |  | 23,981 |  |  | 1,857 |
Total |  |  |  | $ | 183,562 |  |  | $ | 79,764 |  |  | $ | 188,650 |  |  | $ | 96,365 |
The following tables summarize First Financial's amortization expense and tax benefit recognized in affordable housing projects and other tax credit investments.
|  |  |  | Twelve months ended
(Dollars in thousands) |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Investment |  | Accounting Method |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2) |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2) |  | Amortization expense (1) |  | Tax expense (benefit) recognized (2)
LIHTC |  | Proportional amortization |  | $ | 15,481 |  |  | $ | (15,662) |  |  | $ | 14,545 |  |  | $ | (14,563) |  |  | $ | 11,929 |  |  | $ | (11,088) |
HTC |  | Proportional amortization |  | 3,057 |  |  | (4,417) |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
HTC |  | Equity |  | 1,420 |  |  | (403) |  |  | 0 |  |  | (319) |  |  | 0 |  |  | (319) |
NMTC |  | Equity |  | 125 |  |  | (5) |  |  | 415 |  |  | (210) |  |  | 415 |  |  | (210) |
Renewable energy |  | Equity |  | 12,851 |  |  | (12,667) |  |  | 0 |  |  | 0 |  |  | 23,411 |  |  | (25,473) |
Total |  |  |  | $ | 32,934 |  |  | $ | (33,154) |  |  | $ | 14,960 |  |  | $ | (15,092) |  |  | $ | 35,755 |  |  | $ | (37,090) |
(1) The amortization expense for the LIHTC investments is included in income tax expense. The amortization expense for the HTC, NMTC, and Renewable energy tax credits 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 HTC, NMTC, and Renewable energy 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).

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