XML 42 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6

Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value

Schedule of assets and liabilities measured at fair value

		June 30, 2012
		Fair Value Measurements Using Significant
		Unobservable Inputs (Level 3)
(Dollar amounts in thousands)		Level 1			Level 2			Level 3			Total
U.S. Government agencies		$	—		$	1,984		$	—		$	1,984
Mortgage Backed Securities-residential		—			306,392			—			306,392
Mortgage Backed Securities-commercial		—			51			—			51
Collateralized mortgage obligations		—			147,044			—			147,044
State and municipal		—			188,515			10,066			198,581
Collateralized debt obligations		—			—			4,379			4,379
Equities		320			—			—			320
TOTAL		$	320		$	643,986		$	14,445		$	658,751
Derivative Assets					2,673
Derivative Liabilities					(2,673		)

		December 31, 2011
		Fair Value Measurements Using Significant
		Unobservable Inputs (Level 3)
(Dollar amounts in thousands)		Level 1			Level 2			Level 3			Total
U.S. Government agencies		$	—		$	4,013		$	—		$	4,013
Mortgage Backed Securities-residential		—			311,788			—			311,788
Mortgage Backed Securities-commercial		—			101			—			101
Collateralized mortgage obligations		—			147,947			—			147,947
State and municipal		—			186,056			9,525			195,581
Collateralized debt obligations		—			—			4,771			4,771
Equities		375			—			1,711			2,086
TOTAL		$	375		$	649,905		$	16,007		$	666,287
Derivative Assets					2,447
Derivative Liabilities					(2,447		)

Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3)

		Three months ended June 30, 2012
					State and			Collateralized
					municipal			debt
		Equities			obligations			obligations			Total
Beginning balance, April 1		$	1,711		$	9,525		$	4,486		$	15,722
Total realized/unrealized gains or losses
Included in earnings		435			—			229			664
Included in other comprehensive income		(446		)	—			—			(446		)
Transfers & Purchases		—			1,186			—			1,186
Settlements		(1,700		)	(645		)	(336		)	(2,681		)
Ending balance, June 30		$	—		$	10,066		$	4,379		$	14,445

		Six months ended June 30, 2012
					State and			Collateralized
					municipal			debt
		Equities			obligations			obligations			Total
Beginning balance, January 1		$	1,711		$	9,525		$	4,771		$	16,007
Total realized/unrealized gains or losses
Included in earnings		435			—			229			664
Included in other comprehensive income		(446		)	—			(285		)	(731		)
Transfers & Purchases		—			1,186			—			1,186
Settlements		(1,700		)	(645		)	(336		)	(2,681		)
Ending balance, June 31		$	—		$	10,066		$	4,379		$	14,445

		December 31, 2011
					State and			Collateralized
					municipal			debt
		Equities			obligations			obligations			Total
Beginning balance, January 1		$	1,518		$	—		$	2,190		$	3,708
Total realized/unrealized gains or losses
Included in earnings		—			—			—			—
Included in other comprehensive income		193			—			2,581			2,774
Transfers & Purchases		—			9,672			—			9,672
Settlements		—			(147		)	—			(147		)
Ending balance, December 31		$	1,711		$	9,525		$	4,771		$	16,007

Schedule of quantitative information about recurring and non-recurring Level 3 fair value measurements

		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range
State and municipal obligations		$	10,066		Discounted cash flow		Discount rate		3.05%-5.50%
							Probability of default		0%
Other real estate		$	7,163		Sales comparison/income approach		Discount rate for age of appraisal and market conditions		5.00%-20.00%
Impaired Loans		21,389			Sales comparison/income approach		Discount rate for age of appraisal and market conditions		0.00%-20.00%

Schedule of loans identified as impaired by class of loans

		June 30, 2012
(Dollar amounts in thousands)		Unpaid Principal Balance			Allowance for Loan Losses Allocated			Fair Value
Commercial
Commercial & Industrial		$	18,060		$	4,040		$	14,020
Farmland		891			49			842
Non Farm, Non Residential		4,484			198			4,286
Agriculture		—			—			—
All Other Commercial		1,311			93			1,218
Residential
First Liens		1,213			190			1,023
Home Equity		—			—			—
Junior Liens		—			—			—
Multifamily		—			—			—
All Other Residential		—			—			—
Consumer
Motor Vehicle		—			—			—
All Other Consumer		—			—			—
TOTAL		$	25,959		$	4,570		$	21,389

		December 31, 2011
(Dollar amounts in thousands)		Unpaid Principal Balance			Allowance for Loan Losses Allocated			Fair Value
Commercial
Commercial & Industrial		$	17,890		$	2,664		$	15,226
Farmland		891			49			842
Non Farm, Non Residential		9,260			957			8,303
Agriculture		—			—			—
All Other Commercial		1,517			66			1,451
Residential
First Liens		1,963			190			1,773
Home Equity		—			—			—
Junior Liens		879			347			532
Multifamily		250			—			250
All Other Residential		—			—			—
Consumer
Motor Vehicle		—			—			—
All Other Consumer		—			—			—
TOTAL		$	32,650		$	4,273		$	28,377

Schedule of fair value measurement using fair value hierarchy for other real estate

		June 30, 2012
		Fair Value Measurment Using
(Dollar amounts in thousands)		Carrying Value			Level 1			Level 2			Level 3
Other real estate - commercial		$	4,763		$	—		$	—		$	4,763
Other real estate - residential		2,400			—			—			2,400
TOTAL		$	7,163		$	—		$	—		$	7,163

		December 31, 2011
		Fair Value Measurment Using
(Dollar amounts in thousands)		Carrying Value			Level 1			Level 2			Level 3
Other real estate - commercial		$	2,080		$	—		$	—		$	2,080
Other real estate - residential		2,884			—			—			2,884
TOTAL		$	4,964		$	—		$	—		$	4,964

Schedule of carrying amount and estimated fair value of financial instruments

		June 30, 2012
		Carrying			Fair Value
(Dollar amounts in thousands)		Value			Level 1				Level 2			Level 3			Total
Cash and due from banks		$	84,669		$	18,484			$	66,185		$	—		$	84,669
Federal funds sold		27,472			—				27,472			—			27,472
Securities available—for—sale		658,751			320				643,986			14,445			658,751
Restricted stock		21,296			n/a				n/a			n/a			n/a
Loans, net		1,857,631			—							1,953,612			1,953,612
FDIC Indemnification Asset		1,608			—				1,608			—			1,608
Accrued interest receivable		11,829			—				3,087			8,742			11,829
Deposits		(2,253,221		)	—				(2,258,753		)	—			(2,258,753		)
Short—term borrowings		(47,091		)	—				(47,091		)	—			(47,091		)
Federal Home Loan Bank advances		(140,013		)	—				(147,351		)	—			(147,351		)
Other borrowings		(6,098		)	—				(6,098		)	—			(6,098		)
Accrued interest payable		(1,299		)	—				(1,299		)	—			(1,299		)
		December 31, 2011
		Carrying			Fair
(Dollar amounts in thousands)		Value			Value
Cash and due from banks		134,280			134,280
Federal funds sold		11,725			11,725
Securities available—for—sale		666,287			666,287
Restricted stock		22,282			n/a
Loans, net		1,874,438			1,888,263
FDIC Indemnification Asset		2,384			2,384
Accrued interest receivable		12,947			12,947
Deposits		(2,274,499		)	(2,279,739		)
Short—term borrowings		(100,022		)	(100,022		)
Federal Home Loan Bank advances		(140,231		)	(144,089		)
Other borrowings		(6,196		)	(6,196		)
Accrued interest payable		(1,829		)	(1,829		)

X

- Definition

Tabular disclosure of fair value measurement using fair value hierarchy, including carrying value of other real estate properties.

+ References

No definition available.

+ Details

Name:	thff_FairValueAndCarryingValueDisclosureForOtherRealEstatePropertiesTableTextBlock
Namespace Prefix:	thff_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets and liabilities) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets and liabilities) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liability.

+ References

No definition available.

+ Details

Name:	thff_FairValueAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix:	thff_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fair value of impaired financing receivables.

+ References

No definition available.

+ Details

Name:	thff_ImpairedFinancingReceivablesFairValueTableTextBlock
Namespace Prefix:	thff_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a,b,bb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2C

-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611



Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration