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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Investment securities Reconciliation [Table Text Block] The following table presents amortized cost, gross unrealized gains, gross unrealized losses and estimated fair value of investment securities available for sale and securities held to maturity and nonmarketable securities.
    As of December 31, 2012     As of December 31, 2011     As of September 30, 2011  
(in thousands)   Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Estimated Fair Value     Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Estimated Fair Value     Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Estimated Fair Value  
Securities available for sale                                                                                                
Obligations of US Government agencies and corporations   $ 1,260     $ 18     $     $ 1,278     $ 1,790     $ 33     $     $ 1,823     $ 1,826     $ 37     $     $ 1,863  
State and municipal obligations     13,460       84       61       13,483       450       38             488       450       31             481  
Collateralized debt obligations     6,191       156       3,015       3,332       7,012             3,765       3,247       7,127             4,053       3,074  
Mortgage-backed securities     72,527       1,928       151       74,304       80,696       3,719       16       84,399       85,306       3,668       17       88,957  
Collateralized mortgage obligations     157,534       1,249       3,900       154,883       312,124       3,289       6,118       309,295       306,525       8,117       2,129       312,513  
Other securities     5,609       1,089       180       6,518       5,582       56       340       5,298       5,431       70       281       5,220  
Total securities available for sale   $ 256,581     $ 4,524     $ 7,307     $ 253,798     $ 407,654     $ 7,135     $ 10,239     $ 404,550     $ 406,665     $ 11,923     $ 6,480     $ 412,108  
                                                                                                 
                                                                                                 
Securities held to maturity                                                                                                
State and municipal obligations   $ 15,055     $ 2,312     $     $ 17,367     $ 19,978     $ 2,756     $     $ 22,734     $ 20,863     $ 2,491     $     $ 23,354  
Certificates of deposit     500                   500       508                   508       808                   808  
Total securities held to maturity   $ 15,555     $ 2,312     $     $ 17,867     $ 20,486     $ 2,756     $     $ 23,242     $ 21,671     $ 2,491     $     $ 24,162  
                                                                                                 
                                                                                                 
Nonmarketable securities                                                                                                
Federal Home Loan Bank stock   $ 16,343     $     $     $ 16,343     $ 32,694     $     $     $ 32,694     $ 35,782     $     $     $ 35,782  
Federal Reserve stock     4,571                   4,571                                                  
Total nonmarketable securities   $ 20,914     $     $     $ 20,914     $ 32,694     $     $     $ 32,694     $ 35,782     $     $     $ 35,782  
                                                                                                 
Available-for-sale Securities [Table Text Block] The following table provides the names of issuers for whom First Financial has investment securities totaling in excess of 10% of shareholders’ equity and the fair value and amortized cost of these investments as of December 31, 2012. Securities issued by Bank of America Corp. are, for the most part, collateralized mortgage obligations (“CMOs”) and not backed by Bank of America Corp. All of these securities are available for sale.
                   
(dollars in thousands)   Amortized Cost     Fair Value     % of Shareholders Equity  
Issuer                        
Fannie Mae   $ 41,795     $ 42,665       14.2 %
Bank of America     41,913       40,964       13.7  
Total   $ 83,708     $ 83,629          
                         
Schedule of Contractual Maturities of Debt Securities [Table Text Block] The amortized cost and estimated fair value of investment securities by contractual maturity are presented in the following table. Expected maturities may differ from contractual maturities, as borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
       
    As of December 31, 2012  
(in thousands)   Amortized Cost     Fair Value  
Securities available for sale                
Due within one year   $ 1,017     $ 1,026  
Due after one year through five years     1,248       1,417  
Due after five years through ten years            
Due after ten years     21,647       18,631  
Total     23,912       21,074  
                 
Mortgage-backed securities     72,527       74,304  
Collateralized mortgage obligations     157,534       154,883  
Other securities with no stated maturity     2,608       3,537  
Total   $ 256,581     $ 253,798  
                 
Securities held to maturity                
Due within one year   $ 500     $ 500  
Due after one year through five years            
Due after five years through ten years     1,988       2,069  
Due after ten years     13,067       15,298  
Total   $ 15,555     $ 17,867  
                 
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] The following table presents gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. No investment held to maturity was in a loss position at December 31, 2012 or 2011 or at September 30, 2011.
    Less than 12 Months     12 Months or Longer     Total  
December 31, 2012
(dollars in thousands)
  #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses  
Securities available for sale                                                                        
State and municipal obligations     2     $ 6,038     $ 61           $             2     $ 6,038     $ 61  
Collateralized debt obligations                       12       2,744       3,015       12       2,744       3,015  
Mortgage-backed securities     3       26,186       150       1       454       1       4       26,640       151  
Collateralized mortgage obligations     2       14,733       33       25       88,185       3,867       27       102,918       3,900  
Other securities                       2       1,815       180       2       1,815       180  
Total     7     $ 46,957     $ 244       40     $ 93,198     $ 7,063       47     $ 140,155     $ 7,307  
December 31, 2011
(dollars in thousands)
  #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses  
Securities available for sale                                                                        
Collateralized debt obligations     1     $ 260     $ 47       14     $ 2,987     $ 3,718       15     $ 3,247     $ 3,765  
Mortgage-backed securities                       1       577       16       1       577       16  
Collateralized mortgage obligations     16       88,673       3,359       14       34,310       2,759       30       122,983       6,118  
Other securities     2       1,977       29       1       685       311       3       2,662       340  
Total     19     $ 90,910     $ 3,435       30     $ 38,559     $ 6,804       49     $ 129,469     $ 10,239  
September 30, 2011

(dollars in thousands)
  #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses     #     Fair Value     Unrealized Losses  
Securities available for sale                                                                        
Collateralized debt obligations     1     $ 256     $ 50       14     $ 2,818     $ 4,003       15     $ 3,074     $ 4,053  
Mortgage-backed securities                       1       581       17       1       581       17  
Collateralized mortgage obligations     5       39,299       529       14       37,215       1,600       19       76,514       2,129  
Other securities     2       1,930       76       1       790       205       3       2,720       281  
Total     8     $ 41,485     $ 655       30     $ 41,404     $ 5,825       38     $ 82,889     $ 6,480  
                                                                         
Schedule of Debt [Table Text Block] The following table presents information related to the various forms of borrowings utilized.
                   
    As of or for the
Year Ended
December 31,
    As of or for the
Quarter Ended
December 31,
    As of or for the
Year Ended
September 30,
 
(dollars in thousands)   2012     2011     2011  
Junior subordinated debt to unconsolidated trust                        
Balance   $ 46,392     $ 46,392     $ 46,392  
Weighted average rate     7.00 %     7.00 %     7.00 %
During the year                        
Maximum amount outstanding at any month end     46,392       46,392       46,392  
Daily average     46,392       46,392       46,392  
Weighted average rate     7.00 %     7.00 %     7.00 %
                         
Other long-term debt                        
Balance   $ 812     $ 812     $ 812  
Weighted average rate     4.59 %     4.59 %     4.59 %
During the year                        
Maximum amount outstanding at any month end   $ 812     $ 812     $ 812  
Daily average     812       812       812  
Weighted average rate     4.59 %     4.59 %     4.59 %
                         
Schedule Of CDO Portfolio Characteristics OTTI Losses [Table Text Block] The OTTI noted in the table above was related to two CDO securities with credit-related deterioration evidenced by the following metrics:
         
    PRETZL XIV   USCAP II
    As of December 31, 2012
Credit rating     C     C
Rating agency     Fitch     Fitch
Percentage in deferral or default     39.14 %     25.24 %
Constant default rate - high     0.52       0.35  
Constant default rate - low     0.25       0.25  
Discount margin     11.57       11.65  
                 
    As of December 31, 2011
Credit rating     C     C
Rating agency     Fitch     Fitch
Percentage in deferral or default     36.66 %     21.18 %
Constant default rate - high     1.13       0.69  
Constant default rate - low     0.25       0.25  
Discount margin     11.57       11.65  
                 
    As of September 30, 2011
Credit rating     C     C
Rating agency     Fitch     Fitch
Percentage in deferral or default     36.66 %     21.18 %
Constant default rate - high     1.23       1.12  
Constant default rate - low     0.25       0.25  
Discount margin     11.57       11.65  
                 
Schedule of Investement Grades for Collateralized Mortgage Obligations [Table Text Block] The following table presents the investment grades assigned by the rating agencies for CMO securities which were in a loss position at December 31, 2012 along with OTTI losses recorded during the year ended December 31, 2012.
 
(dollars in thousands)   As of December 31, 2012     Year Ended
December 31, 2012
OTTI
 
Moody/S&P Ratings   #     Fair
Value
    Unrealized
Loss
    Credit
Portion
    Other     Total  
AAA         $     $     $     $     $  
AA     3       14,383       77                    
A     3       13,185       434                    
BBB     9       28,702       783                    
Below investment grade     12       46,648       2,606       462             462  
Total     27     $ 102,918     $ 3,900     $ 462     $     $ 462  
                                                 
Schedule Of Investment Securities With Credit Related Deterioration [Table Text Block] The OTTI in the table above was related to three private-label securities with credit-related deterioration evidenced by the following metrics.
             
    2004 ARM
Senior Support
  2005 Fixed
5 Year Senior
  2004-2005
ARM Super Senior
    As of December 31, 2012
Credit rating  
C
CC
B
Rating agency  
Moody’s
Standard & Poor’s
Fitch
Twelve-month average loss severity  
50.53%
63.20%
38.06%
Twelve-month average default rate  
11.05
2.86
3.91
60 day or more delinquency rate  
20.56
14.29
16.39
             
    As of December 31, 2011
Credit rating   C   CC   B
Rating agency   Moody’s   Standard & Poor’s Fitch
Twelve-month average loss severity   38.36%   76.71%   51.57%
Twelve-month average default rate   3.89   1.94   2.97
60 day or more delinquency rate   28.28   19.23   12.02
             
    As of September 30, 2011
Credit rating   C   CCC  
B
Rating agency   Moody’s   Moody’s
Moody’s
Twelve-month average loss severity   39.08%  
 
51.54%
Twelve-month average default rate   3.08  
 
2.80
60 day or more delinquency rate   28.48  
16.49
 
8.93
             
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block] The following table presents the cumulative credit-related losses recognized in earnings.
       
    As of and for the Year Ended December 31, 2012  
(in thousands)   CDOs     CMOs     Other
Securities
    Total  
Cumulative credit related losses recognized in earnings at beginning of period   $ 5,782     $ 1,509     $ 1,100     $ 8,391  
Additions                                
Credit loss for which no previous OTTI was recognized                        
Credit loss for which previous OTTI was recognized     41       462             503  
Cumulative credit related losses recognized in earnings at end of period   $ 5,823     $ 1,971     $ 1,100     $ 8,894  
                                 
    As of and for the Quarter Ended December 31, 2011  
    CDOs     CMOs     Other
Securities
    Total  
Cumulative credit related losses recognized in earnings at beginning of period   $ 5,756     $ 1,355     $ 1,100     $ 8,211  
Additions                                
Credit loss for which no previous OTTI was recognized           154             154  
Credit loss for which previous OTTI was recognized     26                   26  
Cumulative credit related losses recognized in earnings at end of period   $ 5,782     $ 1,509     $ 1,100     $ 8,391  
                                 
    As of and for the Year Ended September 30, 2011  
    CDOs     CMOs     Other
Securities1
    Total  
Cumulative credit related losses recognized in earnings at beginning of period   $ 5,133     $ 1,099     $ 1,100     $ 7,332  
Additions                                
Credit loss for which no previous OTTI was recognized                        
Credit loss for which previous OTTI was recognized     623       256             879  
Cumulative credit related losses recognized in earnings at end of period   $ 5,756     $ 1,355     $ 1,100     $ 8,211  
                                 
Collateralized Debt Obligations [Member]
 
Schedule of Debt [Table Text Block] The following table provides information regarding the CDO portfolio as of December 31, 2012, all of which are pooled.
(dollars in thousands)  
                            Year Ended
December 31, 2012
OTTI1
 
    Class/     Amortized     Fair     Unrealized     Credit              
Name   Tranche     Cost     Value     Loss (Gain)     Portion     Other     Total  
ALESCO I     B-1     $ 526     $ 303     $ 223     $     $     $  
ALESCO II     B-1       350       297       53                    
MCAP III     B       276       149       127                    
MCAP IX     B-1       273       162       111                    
PRETZL XI     B-1       842       305       537                    
PRETZL XIII     B-1       325       141       184                    
PRETZL IV     MEZ       116       54       62                    
PRETZL XII     B-2       522       311       211                    
PRETZL XIV     B-1       634       235       399       30             30  
TRPREF II     B       641       254       387                    
USCAP II     B-1       302       242       60       11             11  
USCAP III     B-1       952       291       661                    
Subtotal - CDOs in a loss position             5,759       2,744       3,015       41             41  
MCAP XVIII     C-1       174       213       (39 )                  
PRETZL VII     MEZ       258       375       (117 )                  
Total CDOs           $ 6,191     $ 3,332     $ 2,859     $ 41     $     $ 41  
          Dollar Basis                    
    Lowest   %     % Deferrals/     Constant Default Rate     Discount  
Name   Rating   Performing     Defaults2     High     Low     Margin3  
ALESCO I     C     83.02 %     16.98 %     0.91 %     0.27 %     11.70 %
ALESCO II     C     85.33       14.67       0.72       0.25       11.65  
MCAP III     B     70.00       30.00       0.88       0.26       10.50  
MCAP IX     C     58.94       41.06       0.41       0.25       16.80  
PRETZL XI     C     67.68       32.32       0.41       0.25       11.60  
PRETZL XIII     C     61.87       38.13       0.83       0.25       11.57  
PRETZL IV     CCC     72.93       27.07       0.25       0.25       11.00  
PRETZL XII     C     64.65       35.35       0.27       0.25       11.62  
PRETZL XIV     C     60.86       39.14       0.52       0.25       11.57  
TRPREF II     C     56.53       43.47       0.53       0.25       11.92  
USCAP II     C     74.76       25.24       0.35       0.25       11.65  
USCAP III     C     70.73       29.27       0.39       0.25       11.53  
Subtotal - CDOs in a loss position                                  
MCAP XVIII     C     67.65       32.35       0.25       0.25       11.05  
PRETZL VII     C     48.39       51.61       0.87       0.25       16.80  
Total             66.33 %     33.67 %