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COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies [Table Text Block]
The following table presents by type First Financial's loan balances and contractual obligations to extend credit:
December 31, 2023December 31, 2022
(dollars in thousands)Unfunded commitmentLoan balanceUnfunded commitmentLoan balance
Commercial & industrial$1,942,868 $3,501,221 $1,833,977 $3,410,272 
Lease financing0474,8176,842236,124
Construction real estate565,009564,832689,015512,050
Commercial real estate-investor101,6893,138,629107,2053,094,064
Commercial real estate-owner40,346942,31048,208958,695
Residential real estate98,6861,333,67474,0891,092,265
Home equity972,474758,676903,459733,791
Installment25,841159,07816,073209,895
Credit card235,68659,939225,86451,815
Total$3,982,599 $10,933,176 $3,904,732 $10,298,971 
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)December 31, 2023December 31, 2022
InvestmentAccounting MethodInvestmentUnfunded commitmentInvestmentUnfunded commitment
LIHTCProportional amortization$142,933 $80,465 $126,537 $70,690 
HTCEquity19,798 14,043 17,108 11,955 
NMTCEquity1,938 0 2,944 0 
Renewable energyEquity23,981 1,857 11,851 1,689 
Total$188,650 $96,365 $158,440 $84,334 

The following tables summarize First Financial's amortization expense and tax benefit recognized in affordable housing projects and other tax credit investments.

Twelve months ended
December 31, 2023December 31, 2022December 31, 2021
(Dollars in thousands)
Amortization expense (1)
Tax expense (benefit) recognized (2)
Amortization expense (1)
Tax expense (benefit) recognized (2)
Amortization expense (1)
Tax expense (benefit) recognized (2)
LIHTC$14,545 $(14,563)$11,929 $(11,088)$8,894 $(8,581)
HTC0 (319)0 (319)1,116 (263)
NMTC415 (210)415 (210)210 (210)
Renewable energy0 0 23,411 (25,473)11,467 (12,216)
Total$14,960 $(15,092)$35,755 $(37,090)$21,687 $(21,270)
(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).