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COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies [Table Text Block]
The following table presents by type First Financial's active loan balances and related obligations to extend credit:
September 30, 2022December 31, 2021
(dollars in thousands)Unfunded commitmentLoan balanceUnfunded commitmentLoan balance
Commercial & industrial$1,784,032 $3,139,219 $1,545,995 $2,720,028 
Lease financing6,319176,07218,037109,624
Construction real estate603,087489,446484,038455,894
Commercial real estate-investor94,4123,014,40665,6603,154,755
Commercial real estate-owner31,321961,93929,8241,071,859
Residential real estate78,0591,024,59650,043896,069
Home equity891,886737,318822,343708,399
Installment18,479202,26715,985119,454
Credit card225,45452,173217,00652,217
Total$3,733,049 $9,797,436 $3,248,931 $9,288,299 
Investment Holdings, Schedule of Investments
The following table summarizes First Financial's investments in affordable housing projects and other tax credit investments.

(Dollars in thousands)September 30, 2022December 31, 2021
InvestmentAccounting MethodInvestmentUnfunded commitmentInvestmentUnfunded commitment
LIHTCProportional amortization$124,155 $70,911 $108,974 $57,341 
HTCEquity17,921 11,955 2,581 56 
NMTCEquity3,184 0 3,895 0 
Renewable energyEquity17,657 17,784 18,585 15,114 
Total$162,917 $100,650 $134,035 $72,511 
The following tables summarize First Financial's amortization expense and tax benefit recognized in affordable housing projects and other tax credit investments.
Three months ended
September 30, 2022September 30, 2021
(Dollars in thousands)
Amortization expense (1)
Tax expense (benefit) recognized (2)
Amortization expense (1)
Tax expense (benefit) recognized (2)
LIHTC$3,211 $(2,757)$2,120 $(2,097)
HTC0 (80)64 (80)
NMTC104 (53)53 (53)
Renewable energy17,108 (18,881)5,192 (5,200)
Total$20,423 $(21,771)$7,429 $(7,430)
Nine months ended
September 30, 2022September 30, 2021
(Dollars in thousands)
Amortization expense (1)
Tax expense (benefit) recognized (2)
Amortization expense (1)
Tax expense (benefit) recognized (2)
LIHTC$9,311 $(8,551)$6,580 $(6,434)
HTC0 (239)283 (239)
NMTC311 (158)158 (158)
Renewable energy17,108 (18,881)6,232 (6,248)
Total$26,730 $(27,829)$13,253 $(13,079)
(1) The amortization expense for the LIHTC investments is included in income tax expense. The amortization expense for the HTC, NMTC, and Renewable energy tax credits is included in other noninterest expense.
(2) All of the tax benefits recognized are included in Income tax expense. The tax benefit recognized for the HTC, NMTC, and Renewable energy investments primarily reflects the tax credits generated from the investments and excludes the net tax expense (benefit) and deferred tax liability of the investments’ income (loss).