BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following is a summary of First Financial's short-term borrowings:

(Dollars in thousands)	March 31, 2022		December 31, 2021
Federal funds purchased and securities sold under agreements to repurchase	$	0	$	51,203
FHLB short-term borrowings	185,000		225,000
Other short-term borrowings	0		20,000
Total short-term borrowings	$	185,000	$	296,203

Summary of Long-term Debt

The following is a summary of First Financial's long-term debt:

	March 31, 2022				December 31, 2021
(Dollars in thousands)	Amount		Average rate		Amount		Average rate
Subordinated notes	$	313,363	4.96	%	$	313,248	4.86	%
Unamortized debt issuance costs	(2,288)		N/A		(2,384)		N/A
Capital lease liabilities	1,761		3.81	%	1,781		3.81	%
Capital loan with municipality	775		0.00	%	775		0.00	%
Subtotal	313,611		4.98	%	313,420		4.88	%
Acquired in Summit acquisition
Bank lines of credit	0		0.00	%	23,030		2.77	%
Notes issued in conjunction with acquisition of property and equipment	66,229		4.50	%	73,382		4.09	%
Total notes payable acquired in Summit acquisition	66,229		4.50	%	96,412		3.77	%
Total long-term debt	$	379,840	4.90	%	$	409,832	4.62	%