DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments and Balances

The following table details the location and amounts recognized in the Consolidated Balance Sheets for fair value hedges:

		March 31, 2014							December 31, 2013
				Estimated fair value							Estimated fair value
(Dollars in thousands)	Balance sheet location	Notional amount		Gain		Loss			Notional amount		Gain		Loss
Fair value hedges - instruments associated with loans
Pay fixed interest rate swaps with counterparty	Accrued interest and other liabilities	$	9,632	$	0	$	(762	)	$	9,836	$	0	$	(865	)
Matched interest rate swaps with borrower	Accrued interest and other assets	463,663		11,174		(1,271		)	451,744		11,710		(1,767		)
Matched interest rate swaps with counterparty	Accrued interest and other liabilities	463,663		1,271		(11,394		)	451,744		1,767		(11,799		)
Total		$	936,958	$	12,445	$	(13,427	)	$	913,324	$	13,477	$	(14,431	)

Disclosure by Type of Financial Instrument [Table Text Block]

The following table discloses the gross and net amounts of liabilities recognized in the Consolidated Balance Sheets:

	March 31, 2014							December 31, 2013
(Dollars in thousands)	Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of liabilities presented in the Consolidated Balance Sheets		Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of liabilities presented in the Consolidated Balance Sheets
Fair value hedges
Pay fixed interest rate swaps with counterparty	$	762	$	0		$	762	$	865	$	(663	)	$	202
Matched interest rate swaps with counterparty	12,666		(10,470		)	2,196		13,566		(9,533		)	4,033
Total	$	13,428	$	(10,470	)	$	2,958	$	14,431	$	(10,196	)	$	4,235

Derivative Financial Instruments, Average Remaining Maturity and the Weighted-Average Interest Rates being Paid and Received

The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received by First Financial at March 31, 2014:

							Weighted-average rate
(Dollars in thousands)	Notional amount		Average maturity (years)	Fair value			Receive		Pay
Asset conversion swaps
Pay fixed interest rate swaps with counterparty	$	9,632	2.8	$	(762	)	2.13	%	6.85	%
Receive fixed, matched interest rate swaps with borrower	463,663		4.0	9,903			4.81	%	2.82	%
Pay fixed, matched interest rate swaps with counterparty	463,663		4.0	(10,123		)	2.82	%	4.81	%
Total asset conversion swaps	$	936,958	4.0	$	(982	)	3.80	%	3.85	%