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EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2024

Employee Benefit Plan Amounts Recognized in the Consolidated Balance Sheets and Consolidated Statements of Income

As a result of the plan’s actuarial projections, First Financial recorded expense as set forth in the following table. The amounts are recognized in First Financial’s Consolidated Statements of Income related to the Company's pension plan.


	Three months ended				Six months ended
	June 30,				June 30,
(Dollars in thousands)	2024		2023		2024		2023
Service cost	$	2,425	$	2,334	$	4,850	$	4,684
Interest cost	1,300		1,072		2,600		2,147
Expected return on assets	(2,625)		(2,700)		(5,250)		(5,400)
Amortization of prior service cost	0		1		0		1
Net actuarial loss	375		170		750		320
Net periodic benefit cost (income)	$	1,475	$	877	$	2,950	$	1,752