EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2011

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

The following table sets forth information concerning amounts recognized in First Financial’s Consolidated Balance Sheets and Consolidated Statements of Income.

	Three months ended						Six months ended
	June 30,						June 30,
(Dollars in thousands)	2011			2010			2011			2010
Service cost	$	825		$	600		$	1,650		$	1,200
Interest cost		675			700			1,350			1,400
Expected return on assets		(2,275	)		(1,250	)		(4,550	)		(2,500	)
Amortization of prior service cost		(100	)		(100	)		(200	)		(200	)
Recognized net actuarial loss		525			525			1,050			1,050
Net periodic benefit (income) cost	$	(350	)	$	475		$	(700	)	$	950

Employee Benefit Plan Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

Amounts recognized in accumulated other comprehensive income (loss):

	Three months ended						Six months ended
	June 30,						June 30,
(Dollars in thousands)	2011			2010			2011			2010
Net actuarial loss	$	525		$	525		$	1,050		$	1,050
Net prior service credit		(100	)		(100	)		(200	)		(200	)
Deferred tax (liabilities) assets		(160	)		(158	)		(321	)		(26	)
Net amount recognized	$	265		$	267		$	529		$	824