FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

First Financial Bancorp. (Parent Company Only) Financial Information

Balance Sheets

	December 31,
(Dollars in thousands)	2013		2012
Assets
Cash	$	88,420	$	106,196
Investment securities, available for sale	229		3,623
Other investments	4,851		0
Subordinated notes from subsidiaries	7,500		7,500
Investment in subsidiaries
Commercial banks	557,872		575,701
Nonbanks	18,682		18,671
Total investment in subsidiaries	576,554		594,372
Premises and equipment	1,455		1,706
Other assets	13,942		15,058
Total assets	$	692,951	$	728,455
Liabilities
Dividends payable	$	9,178	$	16,869
Other liabilities	1,612		1,161
Total liabilities	10,790		18,030
Shareholders’ equity	682,161		710,425
Total liabilities and shareholders’ equity	$	692,951	$	728,455

Statements of Income

	Years Ended December 31,
(Dollars in thousands)	2013			2012			2011
Income
Interest income	$	75		$	55		$	70
Noninterest income	0			421			0
Dividends from subsidiaries	58,700			73,800			48,700
Total income	58,775			74,276			48,770
Expenses
Interest expense	0			0			391
Provision for loan and lease losses	0			0			739
Salaries and employee benefits	4,042			4,612			4,449
Miscellaneous professional services	663			916			719
Other	5,059			5,209			5,240
Total expenses	9,764			10,737			11,538
Income before income taxes and equity in undistributed net earnings of subsidiaries	49,011			63,539			37,232
Income tax benefit	(3,659		)	(3,869		)	(4,263		)
Equity in undistributed (loss) earnings of subsidiaries	(4,321		)	(105		)	25,244
Net income	$	48,349		$	67,303		$	66,739

Statements of Cash Flows

	Years Ended December 31,
(Dollars in thousands)	2013			2012			2011
Operating activities
Net income	$	48,349		$	67,303		$	66,739
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed loss (earnings) of subsidiaries	4,321			105			(25,244		)
Provision for loan and lease losses	0			0			739
Depreciation and amortization	26			27			31
Stock-based compensation expense	3,803			4,186			3,935
Deferred income taxes	(676		)	(207		)	(509		)
(Decrease) increase in dividends payable	(7,691		)	673			10,342
Increase (decrease) in other liabilities	7,719			(1,799		)	(10,003		)
Decrease (increase) in other assets	1,266			(139		)	(241		)
Net cash provided by operating activities	57,117			70,149			45,789
Investing activities
Proceeds from calls and maturities of investment securities	48			0			158
Purchases of investment securities	(88		)	(474		)	(137		)
Net decrease in loans	0			0			2,681
Purchases of premises and equipment	(80		)	0			0
Other	307			109			514
Net cash provided by (used in) investing activities	187			(365		)	3,216
Financing activities
Redemption of junior subordinated debentures	0			0			(20,620		)
Cash dividends paid on common stock	(61,429		)	(67,797		)	(35,312		)
Treasury stock purchase	(11,778		)	(6,806		)	0
Proceeds from exercise of stock options, net of shares purchased	73			320			63
Excess tax benefit on share-based compensation	686			438			259
Other	(2,632		)	(1,400		)	478
Net cash used in financing activities	(75,080		)	(75,245		)	(55,132		)
Decrease in cash	(17,776		)	(5,461		)	(6,127		)
Cash at beginning of year	106,196			111,657			117,784
Cash at end of year	$	88,420		$	106,196		$	111,657