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REGULATORY MATTERS:
 12 Months Ended
Dec. 31, 2012
Banking and Thrift [Abstract]  
REGULATORY MATTERS

18.    REGULATORY MATTERS:

 

The Corporation and its bank affiliates are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory—and possibly additional discretionary—actions by regulators that, if undertaken, could have a direct material effect on the Corporation's financial statements.

 

Further, the Corporation's primary source of funds to pay dividends to shareholders is dividends from its subsidiary banks and compliance with these capital requirements can affect the ability of the Corporation and its banking affiliates to pay dividends. At December 31, 2012, approximately $50.4 million of undistributed earnings of the subsidiary banks, included in consolidated retained earnings, were available for distribution to the Corporation without regulatory approval. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and Banks must meet specific capital guidelines that involve quantitative measures of the Corporation's assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Corporation's and Banks' capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

 

Quantitative measures established by regulation to ensure capital adequacy require the Corporation and Banks to maintain minimum amounts and ratios of Total and Tier I Capital to risk-weighted assets, and of Tier I Capital to average assets. Management believes, as of December 31, 2012 and 2011, that the Corporation meets all capital adequacy requirements to which it is subject.

 

As of December 31, 2012, the most recent notification from the respective regulatory agencies categorized the subsidiary banks as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the banks must maintain minimum total risk-based, Tier I risk-based and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the banks' category.

 

The following table presents the actual and required capital amounts and related ratios for the Corporation and First Financial Bank, N.A., at year-end 2012 and 2011.

 

                            To Be Well Capitalized  
                For Capital     Under Promt Corrective  
    Actual     Adequacy Purposes     Action Provisions  
(Dollar amounts in thousands)   Amount     Ratio     Amount     Ratio     Amount     Ratio  
Total risk-based capital                                                
Corporation – 2012   $ 359,824       16.37 %   $ 175,793       8.00 %     N/A       N/A  
Corporation – 2011   $ 334,414       15.08 %   $ 177,420       8.00 %     N/A       N/A  
First Financial Bank – 2012     333,284       15.67 %     170,127       8.00 %     212,659       10.00 %
First Financial Bank – 2011     315,676       14.71 %     171,669       8.00 %     214,586       10.00 %
                                                 
Tier I risk-based capital                                                
Corporation – 2012   $ 337,866       15.38 %   $ 87,897       4.00 %     N/A       N/A  
Corporation – 2011   $ 315,173       14.21 %   $ 88,710       4.00 %     N/A       N/A  
First Financial Bank – 2012     314,303       14.78 %     85,064       4.00 %     127,595       6.00 %
First Financial Bank – 2011     299,578       13.96 %     85,835       4.00 %     128,752       6.00 %
                                                 
Tier I leverage capital                                                
Corporation – 2012   $ 337,866       11.43 %   $ 118,195       4.00 %     N/A       N/A  
Corporation – 2011   $ 315,173       12.73 %   $ 98,999       4.00 %     N/A       N/A  
First Financial Bank – 2012     314,303       10.98 %     114,462       4.00 %     143,077       5.00 %
First Financial Bank – 2011     299,578       12.51 %     95,791       4.00 %     119,739       5.00 %