DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments and Balances

The following table details the classification and amounts of client derivatives and foreign exchange contracts recognized in the Consolidated Balance Sheets:

		March 31, 2020							December 31, 2019
				Estimated fair value							Estimated fair value
(Dollars in thousands)	Balance sheet classification	Notional amount		Gain		Loss			Notional amount		Gain		Loss
Client derivatives - instruments associated with loans
Matched interest rate swaps with borrower	Accrued interest and other assets	$	2,094,136	$	197,886	$	(6,306	)	$	1,923,375	$	70,799	$	(2,636	)
Matched interest rate swaps with counterparty	Accrued interest and other liabilities	2,094,136		6,306		(197,955		)	1,923,375		2,636		(70,808		)
Foreign exchange contracts
Matched foreign exchange contracts with customers	Accrued interest and other assets	2,107,052		42,411		(62,216		)	1,869,934		28,739		(10,433		)
Match foreign exchange contracts with counterparty	Accrued interest and other liabilities	2,107,052		62,216		(42,411		)	1,869,934		10,433		(28,739		)
Total		$	8,402,376	$	308,819	$	(308,888	)	$	7,586,618	$	112,607	$	(112,616	)

Disclosure by Type of Financial Instrument

The following table discloses the gross and net amounts of client derivatives and foreign exchange contacts recognized in the Consolidated Balance Sheets:

	March 31, 2020								December 31, 2019
(Dollars in thousands)	Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of liabilities (assets) presented in the Consolidated Balance Sheets			Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of liabilities (assets) presented in the Consolidated Balance Sheets
Client derivatives
Matched interest rate swaps with counterparty	$	204,261	$	(406,685	)	$	(202,424	)	$	73,444	$	(147,193	)	$	(73,749	)
Foreign exchange contracts with counterparty	104,627		(93,015		)	11,612			39,172		(41,202		)	(2,030		)
Total	$	308,888	$	(499,700	)	$	(190,812	)	$	112,616	$	(188,395	)	$	(75,779	)

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, 2020:

(Dollars in thousands)	Notional amount		Average maturity (years)	Fair value
Client derivatives-interest rate contracts
Receive fixed, matched interest rate swaps with borrower	$	2,094,136	5.7	$	191,580
Pay fixed, matched interest rate swaps with counterparty	2,094,136		5.7	(191,649		)
Client derivatives-foreign exchange contracts
Foreign exchange contracts-pay USD	$	2,107,052	0.5	(19,805		)
Foreign exchange contracts-receive USD	$	2,107,052	0.5	19,805
Total client derivatives	$	8,402,376	3.1	$	(69	)