BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Short-term Debt

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

(Dollars in thousands)	September 30, 2022		December 31, 2021
Federal funds purchased and securities sold under agreements to repurchase	$	3,535	$	51,203
FHLB short-term borrowings	972,600		225,000
Other short-term borrowings	184,912		20,000
Total short-term borrowings	$	1,161,047	$	296,203

Summary of Long-term Debt

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

	September 30, 2022				December 31, 2021
(Dollars in thousands)	Amount		Average rate		Amount		Average rate
Subordinated notes	$	313,591	5.29	%	$	313,248	4.86	%
Unamortized debt issuance costs	(2,095)		N/A		(2,384)		N/A
Capital lease liability	1,719		3.82	%	1,781		3.81	%
Capital loan with municipality	775		0.00	%	775		0.00	%
Subtotal	313,990		5.30	%	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	41,126		4.46	%	73,382		4.09	%
Total notes payable acquired in Summit acquisition	41,126		4.46	%	96,412		3.77	%
Total long-term debt	$	355,116	5.20	%	$	409,832	4.62	%