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LOANS (excluding covered loans) (Tables) (Non Covered Loans)
 12 Months Ended
Dec. 31, 2013
Non Covered Loans
  
Commercial and Consumer Credit Exposure by Risk Attribute
Commercial and consumer credit exposure by risk attribute was as follows:

 
 
As of December 31, 2013
 
 
 
 
Real Estate
 
 
(Dollars in thousands)
 
Commercial
 
Construction
 
Commercial
 
Total
Pass
 
$
991,161

 
$
78,872

 
$
1,422,215

 
$
2,492,248

Special Mention
 
23,053

 
65

 
23,832

 
46,950

Substandard
 
21,454

 
1,804

 
50,940

 
74,198

Doubtful
 
0

 
0

 
0

 
0

Total
 
$
1,035,668

 
$
80,741

 
$
1,496,987

 
$
2,613,396

 
 
Real Estate
Residential
 
Installment
 
Home Equity
 
Other
 
Total
Performing
 
$
344,325

 
$
46,559

 
$
373,472

 
$
115,727

 
$
880,083

Nonperforming
 
8,606

 
574

 
2,982

 
0

 
12,162

Total
 
$
352,931

 
$
47,133

 
$
376,454

 
$
115,727

 
$
892,245


 
 
As of December 31, 2012
 
 
 
 
Real Estate
 
 
(Dollars in thousands)
 
Commercial
 
Construction
 
Commercial
 
Total
Pass
 
$
803,351

 
$
64,866

 
$
1,307,370

 
$
2,175,587

Special Mention
 
29,663

 
65

 
38,516

 
68,244

Substandard
 
28,019

 
8,586

 
71,122

 
107,727

Doubtful
 
0

 
0

 
0

 
0

Total
 
$
861,033

 
$
73,517

 
$
1,417,008

 
$
2,351,558


 
 
Real Estate
Residential
 
Installment
 
Home Equity
 
Other
 
Total
Performing
 
$
310,341

 
$
56,358

 
$
364,248

 
$
84,490

 
$
815,437

Nonperforming
 
7,869

 
452

 
3,252

 
496

 
12,069

Total
 
$
318,210

 
$
56,810

 
$
367,500

 
$
84,986

 
$
827,506
Loan Delinquency, including Nonaccrual Loans
Loan delinquency, including nonaccrual loans, was as follows:
 
 
As of December 31, 2013
(Dollars in thousands)
 
30 – 59
days
past due
 
60 – 89
days
past due
 
> 90 days
past due
 
Total
past
due
 
Current
 
Total
 
> 90 days
past due
and still
accruing
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
2,016

 
$
161

 
$
7,136

 
$
9,313

 
$
1,026,355

 
$
1,035,668

 
$
0

Real estate - construction
 
0

 
0

 
223

 
223

 
80,518

 
80,741

 
0

Real estate - commercial
 
7,800

 
4,269

 
12,732

 
24,801

 
1,472,186

 
1,496,987

 
0

Real estate - residential
 
2,030

 
685

 
5,526

 
8,241

 
344,690

 
352,931

 
0

Installment
 
213

 
40

 
379

 
632

 
46,501

 
47,133

 
0

Home equity
 
985

 
292

 
1,648

 
2,925

 
373,529

 
376,454

 
0

Other
 
680

 
144

 
218

 
1,042

 
114,685

 
115,727

 
218

Total
 
$
13,724

 
$
5,591

 
$
27,862

 
$
47,177

 
$
3,458,464

 
$
3,505,641

 
$
218


 
 
As of December 31, 2012
(Dollars in thousands)
 
30 - 59
days
past due
 
60 - 89
days
past due
 
> 90 days
past due
 
Total
past
due
 
Current
 
Total
 
> 90 days
past due and still accruing
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
1,770

 
$
832

 
$
4,197

 
$
6,799

 
$
854,234

 
$
861,033

 
$
0

Real estate - construction
 
0

 
0

 
892

 
892

 
72,625

 
73,517

 
0

Real estate - commercial
 
2,549

 
1,931

 
27,966

 
32,446

 
1,384,562

 
1,417,008

 
0

Real estate - residential
 
6,071

 
1,463

 
6,113

 
13,647

 
304,563

 
318,210

 
0

Installment
 
280

 
148

 
344

 
772

 
56,038

 
56,810

 
0

Home equity
 
1,311

 
869

 
1,440

 
3,620

 
363,880

 
367,500

 
0

Other
 
386

 
168

 
708

 
1,262

 
83,724

 
84,986

 
212

Total
 
$
12,367

 
$
5,411

 
$
41,660

 
$
59,438

 
$
3,119,626

 
$
3,179,064

 
$
212
Loans Restructured During Period
The following table provides information on loan modifications classified as TDRs during the years ended December 31, 2013 and 2012.
 
Years ended December 31,
 
2013
 
2012
 
Total TDRs
 
Total TDRs
(Dollars in thousands)
Number of loans
 
Pre-modification loan balance
 
Period end balance
 
Number of loans
 
Pre-modification loan balance
 
Period end balance
Commercial
15

 
$
8,582

 
$
6,431

 
23
 
$
8,955

 
$
7,050

Real estate - construction
0

 
0

 
0

 
0
 
0

 
0

Real estate - commercial
18

 
4,925

 
3,477

 
28
 
11,018

 
7,201

Real estate - residential
38

 
2,612

 
2,317

 
22
 
1,572

 
1,578

Installment
18

 
333

 
227

 
0
 
0

 
0

Home equity
42

 
1,615

 
1,117

 
22
 
753

 
753

Total
131

 
$
18,067

 
$
13,569

 
95
 
$
22,298

 
$
16,582
Loans Restructured, Modifications
The following table provides information on how TDRs were modified during the years ended December 31, 2013 and 2012.
 
Years Ended December 31,
(Dollars in thousands)
2013 (2)
 
2012 (2)
Extended maturities
$
8,146

 
$
8,838

Adjusted interest rates
520
 
220

Combination of rate and maturity changes
950
 
1,403

Forbearance
0
 
3,261

Other (1)
3,953
 
2,860

Total
$
13,569

 
$
16,582

(1) Other includes covenant modifications and other concessions or combination of concessions that do not consist of interest rate adjustments, forbearance and maturity extensions.
(2) Balances are as of year end.
Loan Restructuring, Loans with a Payment Default Within 12 Months of Loan Modification
The following table provides information on TDRs for which there was a payment default during the period that occurred within twelve months of the loan modification:
 
 
Years ended December 31,
 
 
2013
 
2012
(Dollars in thousands)
 
Number
of loans
 
Period end balance
 
Number
of loans
 
Period end balance
Commercial
 
4
 
$
4,875

 
2
 
$
1,646

Real estate - construction
 
0
 
0
 
1
 
301
Real estate - commercial
 
3
 
236
 
3
 
767
Real estate - residential
 
3
 
112
 
0
 
0
Installment
 
4
 
24
 
0
 
0
Home equity
 
8
 
198
 
0
 
0
Total
 
22
 
$
5,445

 
6
 
$
2,714
Nonaccrual, Restructured and Impaired Loans
Loans classified as nonaccrual and loans modified as TDRs are considered impaired. The following table provides information on impaired loans as of December 31:

(Dollars in thousands)
 
2013
 
2012
 
2011
Impaired loans
 
 
 
 
 
 
Nonaccrual loans (1)
 
 
 
 
 
 
Commercial
 
$
7,934

 
$
15,893

 
$
10,477

Real estate-construction
 
223

 
2,102

 
17,387

Real estate-commercial
 
17,286

 
34,977

 
34,004

Real estate-residential
 
8,606

 
7,869

 
8,022

Installment
 
574

 
452

 
407

Home equity
 
2,982

 
3,252

 
2,073

Other
 
0

 
496

 
0

Total nonaccrual loans
 
37,605

 
65,041

 
72,370

Accruing troubled debt restructurings
 
15,094

 
10,856

 
4,009

Total impaired loans
 
$
52,699

 
$
75,897

 
$
76,379

 
 
 
 
 
 
 
Interest income effect
 
 
 
 
 
 
Gross amount of interest that would have been recorded under original terms
 
$
4,286

 
$
4,842

 
$
5,500

Interest included in income
 
 
 
 
 
 
Nonaccrual loans
 
536

 
787

 
675

Troubled debt restructurings
 
438

 
338

 
92

Total interest included in income
 
974

 
1,125

 
767

Net impact on interest income
 
$
3,312

 
$
3,717

 
$
4,733

 
 
 
 
 
 
 
Commitments outstanding to borrowers with nonaccrual loans
 
$
0

 
$
3,489

 
$
0

(1) Nonaccrual loans include nonaccrual TDRs of $13.0 million, $14.1 million and $18.1 million as of December 31, 2013, 2012 and 2011, respectively
Investment in Impaired Loans
First Financial's investment in impaired loans is as follows:

 
 
As of December 31, 2013
(Dollars in thousands)
 
Current Balance
 
Contractual
Principal
Balance
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
Loans with no related allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
5,212

 
$
7,083

 
$
0

 
$
10,712

 
$
165

Real estate - construction
 
223

 
443

 
0

 
599

 
0

Real estate - commercial
 
12,355

 
16,431

 
0

 
16,563

 
380

Real estate - residential
 
10,291

 
12,087

 
0

 
10,225

 
152

Installment
 
642

 
663

 
0

 
463

 
6

Home equity
 
3,208

 
4,108

 
0

 
3,145

 
44

Other
 
0

 
0

 
0

 
148

 
0

Total
 
31,931

 
40,815

 
0

 
41,855

 
747

 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
7,013

 
8,353

 
2,080

 
5,047

 
71

Real estate - construction
 
0

 
0

 
0

 
726

 
7

Real estate - commercial
 
11,638

 
14,424

 
2,872

 
21,098

 
110

Real estate - residential
 
2,016

 
2,072

 
348

 
1,997

 
37

Installment
 
0

 
0

 
0

 
0

 
0

Home equity
 
101

 
101

 
2

 
101

 
2

Other
 
0

 
0

 
0

 
167

 
0

Total
 
20,768

 
24,950

 
5,302

 
29,136

 
227

 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 

Commercial
 
12,225

 
15,436

 
2,080

 
15,759

 
236

Real estate - construction
 
223

 
443

 
0

 
1,325

 
7

Real estate - commercial
 
23,993

 
30,855

 
2,872

 
37,661

 
490

Real estate - residential
 
12,307

 
14,159

 
348

 
12,222

 
189

Installment
 
642

 
663

 
0

 
463

 
6

Home equity
 
3,309

 
4,209

 
2

 
3,246

 
46

Other
 
0

 
0

 
0

 
315

 
0

Total
 
$
52,699

 
$
65,765

 
$
5,302

 
$
70,991

 
$
974


 
 
As of December 31, 2012
(Dollars in thousands)
 
Current
Balance
 
Contractual
Principal
Balance
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
Loans with no related allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
14,961

 
$
17,269

 
$
0

 
$
9,337

 
$
215

Real estate - construction
 
462

 
672

 
0

 
3,857

 
15

Real estate - commercial
 
15,782

 
21,578

 
0

 
15,554

 
277

Real estate - residential
 
9,222

 
10,817

 
0

 
8,463

 
81

Installment
 
452

 
556

 
0

 
452

 
2

Home equity
 
3,251

 
4,132

 
0

 
2,423

 
19

Other
 
326

 
326

 
0

 
65

 
0

Total
 
44,456

 
55,350

 
0

 
40,151

 
609

 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded
 
 

 
 
 
 
 
 
 
 
Commercial
 
3,560

 
4,252

 
1,151

 
5,350

 
161

Real estate - construction
 
1,640

 
2,168

 
838

 
5,033

 
81

Real estate - commercial
 
24,014

 
25,684

 
7,155

 
25,499

 
235

Real estate - residential
 
1,956

 
2,003

 
290

 
2,278

 
38

Installment
 
0

 
0

 
0

 
0

 
0

Home equity
 
101

 
101

 
2

 
81

 
1

Other
 
170

 
170

 
92

 
34

 
0

Total
 
31,441

 
34,378

 
9,528

 
38,275

 
516

 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 

Commercial
 
18,521

 
21,521

 
1,151

 
14,687

 
376

Real estate - construction
 
2,102

 
2,840

 
838

 
8,890

 
96

Real estate - commercial
 
39,796

 
47,262

 
7,155

 
41,053

 
512

Real estate - residential
 
11,178

 
12,820

 
290

 
10,741

 
119

Installment
 
452

 
556

 
0

 
452

 
2

Home equity
 
3,352

 
4,233

 
2

 
2,504

 
20

Other
 
496

 
496

 
92

 
99

 
0

Total
 
$
75,897

 
$
89,728

 
$
9,528

 
$
78,426

 
$
1,125



 
 
As of December 31, 2011
(Dollars in thousands)
 
Current
Balance
 
Contractual
Principal
Balance
 
Related
Allowance
 
Average
Balance
 
Interest
Income
Recognized
Loans with no related allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
6,351

 
$
8,387

 
$
0

 
$
7,337

 
$
62

Real estate - construction
 
6,289

 
11,129

 
0

 
5,657

 
2

Real estate - commercial
 
14,999

 
22,718

 
0

 
18,306

 
249

Real estate - residential
 
8,639

 
9,580

 
0

 
6,848

 
66

Installment
 
485

 
526

 
0

 
356

 
5

Home equity
 
2,073

 
2,206

 
0

 
2,337

 
10

Total
 
38,836

 
54,546

 
0

 
40,841

 
394

 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded
 
 

 
 
 
 
 
 
 
 
Commercial
 
4,131

 
4,267

 
3,205

 
3,683

 
15

Real estate - construction
 
11,098

 
13,905

 
2,578

 
13,731

 
92

Real estate - commercial
 
19,521

 
26,357

 
6,441

 
15,484

 
225

Real estate - residential
 
2,692

 
2,705

 
313

 
3,630

 
37

Installment
 
0

 
0

 
0

 
15

 
1

Home equity
 
101

 
101

 
2

 
81

 
3

Total
 
37,543

 
47,335

 
12,539

 
36,624

 
373

 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 

Commercial
 
10,482

 
12,654

 
3,205

 
11,020

 
77

Real estate - construction
 
17,387

 
25,034

 
2,578

 
19,388

 
94

Real estate - commercial
 
34,520

 
49,075

 
6,441

 
33,790

 
474

Real estate - residential
 
11,331

 
12,285

 
313

 
10,478

 
103

Installment
 
485

 
526

 
0

 
371

 
6

Home equity
 
2,174

 
2,307

 
2

 
2,418

 
13

Total
 
$
76,379

 
$
101,881

 
$
12,539

 
$
77,465

 
$
767
Changes in Other Real Estate Owned
Changes in OREO were as follows:
 
 
Years Ended December 31,
(Dollars in thousands)
 
2013
 
2012
 
2011
Balance at beginning of year
 
$
12,526

 
$
11,317

 
$
17,907

Additions
 
 

 
 

 
 
Commercial
 
12,120

 
6,741

 
1,328

Residential
 
855

 
2,540

 
2,904

Total additions
 
12,975

 
9,281

 
4,232

Disposals
 
 

 
 

 
 
Commercial
 
3,149

 
3,572

 
3,916

Residential
 
1,157

 
1,921

 
2,536

Total disposals
 
4,306

 
5,493

 
6,452

Valuation adjustments
 
 

 
 

 
 
Commercial
 
864

 
2,290

 
4,042

Residential
 
525

 
289

 
328

Total valuation adjustments
 
1,389

 
2,579

 
4,370

Balance at end of year
 
$
19,806

 
$
12,526

 
$
11,317