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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950137-05-012681.txt : 20051021
<SEC-HEADER>0000950137-05-012681.hdr.sgml : 20051021
<ACCEPTANCE-DATETIME>20051021171405
ACCESSION NUMBER:		0000950137-05-012681
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051021
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051021
DATE AS OF CHANGE:		20051021

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST FINANCIAL CORP /IN/
		CENTRAL INDEX KEY:			0000714562
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				351546989
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16759
		FILM NUMBER:		051150418

	BUSINESS ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLAZA
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807
		BUSINESS PHONE:		(812) 238-6000

	MAIL ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLAZA
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TERRE HAUTE FIRST CORP
		DATE OF NAME CHANGE:	19850808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c99236e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported) October 21, 2005

         First Financial Corporation
         (Exact name of registrant as specified in its chapter)


         Indiana                         000-16759       35-1546989
         (State or other jurisdiction    (Commission     (IRS Employer
         of incorporation)               File Number)    Identification No.)


         P. O. Box 540 , Terre Haute, Indiana           47808
         (Address of principal executive offices)       (Zip Code)

         Registrant's telephone number, including area code    812-238-6264

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


<PAGE>
ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

         On October 21, 2005, the Registrant issued a press release reporting
its financial results for the nine months ended September 30, 2005. A copy of
the press release is being furnished as an exhibit to this report and is
incorporated by reference into this item 12.

         The foregoing information, including the information contained in the
press release, is being furnished pursuant to this Item 12 and shall not be
deemed to be "filed" for purposes of section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section or
Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition,
this information shall not be deemed to be incorporated by reference into any of
the Registrant's filings with the Securities and Exchange Commission, except as
shall be expressly set forth by specific reference in any such filing.

         The exhibit to this report is as follows:

         Exhibit No.      Description

             99.1         Press Release, dated October 21, 2005 issued by First
                          Financial Corporation


<PAGE>
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                           FIRST FINANCIAL CORPORATION


Dated   October 21, 2005                    (s) Norman L. Lowery
                                            ---------------------------
                                            Norman L. Lowery
                                            Vice Chairman and Chief
                                             Executive Officer


Dated   October 21, 2005                    (s) Michael A. Carty
                                            ---------------------------
                                            Michael A. Carty
                                            Secretary/Treasurer and
                                             Chief Financial Officer


<PAGE>
                       Exhibit Index

Exhibit Number

     99.1             Press Release, October 21, 2005 issued by First Financial
                      Corporation


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c99236exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                    News Release


[FIRST FINANCIAL CORPORATION LOGO]

One First Financial Plaza, Terre Haute, IN 47807  o  (812) 238-6000

FOR IMMEDIATE RELEASE                         For more information contact:
October 21, 2005                              Michael A. Carty at (812) 238-6264

  FIRST FINANCIAL CORPORATION REPORTS THIRD QUARTER EARNINGS OF $.47 PER SHARE

TERRE HAUTE, INDIANA - First Financial Corporation (NASDAQ:THFF) today announced
results for the third quarter of 2005 with net income for the three-month period
ended September 30, 2005 of $6.3 million or $.47 per share. Earnings for the
nine months ended September 30, 2005 were $17.6 million. The earnings for the
third quarter represent a $1.3 million improvement from the second quarter of
2005.

Non-interest income for the three months ended September 30, 2005 was $8.8
million or 7.5% greater than the $8.2 million for the same period of 2004. This
was a $1.0 million increase over the second quarter of 2005. Year-to-date
non-interest income for 2005 was $24.3 million. Non-interest expense for the
three months ended September 30, 2005 was virtually identical to the same period
of 2004. Reflecting benefits from the consolidation of subsidiaries,
year-to-date non-interest expense for 2005 was $47.1 million, down from the
$47.3 million for the same period of 2004. During the third quarter
consolidation of the last subsidiary bank was accomplished.

Deposits at September 30, 2005 were $1.487 billion compared to $1.433 billion at
September 30, 2004. This represents a 3.8% increase. Loans were down 3.0% to
$1.424 billion from $1.468 billion at September 30, 2004. This $43.6 million
decrease was primarily the result of mortgage loans sold, which reduced the loan
portfolio by $41.1 million. Commercial loans identified in the second quarter as
available for sale also were sold, which reduced loans outstanding by $12.1
million.

The Corporation's net interest income for the three months ended September 30,
2005 was $18.7 million compared to $17.8 million for the same period of 2004.
Net interest income for the nine months ended September 30, 2005 was $55.3
million or 3.3% greater than the $53.5 million for the same period of 2004. The
net interest margin increased to 3.91% for the nine months ended September 30,
2005 from 3.77% for the same period in 2004. This 3.7% increase was driven
primarily by growth in the yield on earning assets, which outpaced the average
cost of funds.

First Financial Corporation is the holding company for First Financial Bank NA
in Indiana and Illinois, The Morris Plan Company of Terre Haute and Forrest
Sherer Inc. in Indiana.

<PAGE>

                           FIRST FINANCIAL CORPORATION

          FOR THE QUARTER AND THE NINE MONTHS ENDING SEPTEMBER 30, 2005
                                    Unaudited
               (Dollar amounts in thousands except per share data)

<Table>
<Caption>
                                                   09/30/05        09/30/04        CHANGE       % CHANGE
<S>                                               <C>             <C>           <C>            <C>
YEAR TO DATE INFORMATION:

Net Income                                          $17,626         $22,989      $(5,363)        -23.33%
Earnings Per Average Share                            $1.31           $1.70       $(0.39)        -22.94%
Return on Assets                                      1.09%           1.38%        -0.29%        -21.01%
Return on Equity                                      8.62%          11.62%        -3.00%        -25.82%
Net Interest Margin                                   3.91%           3.77%         0.14%          3.71%
Net Interest Income                                 $55,306         $53,533        $1,773          3.31%
Non-Interest Income                                 $24,346         $29,091      $(4,745)        -16.31%
Non-Interest Expense                                $47,083         $47,279        $(196)         -0.41%
Loan Loss Provision                                  $8,614          $6,069        $2,545         41.93%
Net Charge Offs                                     $12,238          $4,602        $7,636        165.93%
Efficiency Ratio                                     56.54%          57.16%        -0.62%         -1.09%


QUARTER TO DATE INFORMATION:

Net Income                                           $6,323          $5,975          $348          5.82%

Earnings Per Average Share                            $0.47           $0.44         $0.03          6.82%
Return on Assets                                      1.16%           1.08%         0.08%          7.41%
Return on Equity                                      9.32%           9.05%         0.27%          2.98%
Net Interest Margin                                   3.83%           3.77%         0.06%          1.59%
Net Interest Income                                 $18,685         $17,847          $838          4.70%
Non-Interest Income                                  $8,807          $8,193          $614          7.49%
Non Interest Expense                                $15,965         $15,875           $90          0.57%
Loan Loss Provision                                  $2,608          $2,223          $385         17.32%
Net Charge Offs                                      $3,878          $1,332        $2,546        191.14%
Efficiency Ratio                                     55.76%          58.00%        -2.24%         -3.86%


BALANCE SHEET:

Assets                                           $2,175,265      $2,184,724      $(9,459)         -0.43%
Deposits                                         $1,486,578      $1,432,577       $54,001          3.77%
Loans                                            $1,424,495      $1,468,044     $(43,549)         -2.97%
Shareholders' Equity                               $272,490        $269,474        $3,016          1.12%
Book Value Per Share                                 $20.37          $19.96         $0.41          2.06%
Average Assets                                   $2,158,204      $2,216,600     $(58,396)         -2.63%
</Table>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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