LOANS (excluding covered loans) (Tables) (Non Covered Loans)

3 Months Ended

Mar. 31, 2012

Non Covered Loans

Loan Delinquency, including Nonaccrual Loans

Loan delinquency, including nonaccrual loans, was as follows:



	As of March 31, 2012
(Dollars in thousands)	30 – 59 days past due		60 – 89 days past due		> 90 days past due		Total past due		Current		Total		> 90 days past due and accruing
Loans
Commercial	$	2,857	$	240	$	5,541	$	8,638	$	822,463	$	831,101	$	0
Real estate - construction	4		0		7,667		7,671		96,634		104,305		0
Real estate - commercial	7,520		535		15,031		23,086		1,239,689		1,262,775		0
Real estate - residential	6,096		0		6,716		12,812		276,110		288,922		0
Installment	186		42		409		637		63,156		63,793		0
Home equity	1,177		1,142		1,618		3,937		355,774		359,711		0
All other	302		79		203		584		52,359		52,943		203
Total	$	18,142	$	2,038	$	37,185	$	57,365	$	2,906,185	$	2,963,550	$	203



	As of December 31, 2011
(Dollars in thousands)	30 - 59 days past due		60 - 89 days past due		> 90 days past due		Total past due		Current		Total		> 90 days past due and accruing
Loans
Commercial	$	2,964	$	96	$	7,473	$	10,533	$	846,448	$	856,981	$	0
Real estate - construction	47		0		17,004		17,051		97,923		114,974		0
Real estate - commercial	4,940		2,102		16,654		23,696		1,209,371		1,233,067		0
Real estate - residential	8,602		236		7,012		15,850		272,130		287,980		0
Installment	437		53		355		845		66,698		67,543		0
Home equity	1,304		246		1,637		3,187		355,773		358,960		0
All other	495		231		191		917		48,025		48,942		191
Total	$	18,789	$	2,964	$	50,326	$	72,079	$	2,896,368	$	2,968,447	$	191

Loans Restructured During Period

The following table provides information on loan modifications classified as TDRs during the three months ended March 31, 2012.



	Three Months Ended
	March 31, 2012
	Total TDRs
(Dollars in thousands)	Number of Loans	Pre-Modification Loan Balance	Period End Balance
Commercial	8	$4,505	$4,496
Real estate - construction	0	0	0
Real estate - commercial	6	3,840	3,817
Real estate - residential	0	0	0
Installment	0	0	0
Home equity	0	0	0
Total	14	$8,345	$8,313

Loans Restructured, Modifications

The following table provides information on how TDRs were modified during the three months ended March 31, 2012.



	Three Months Ended
(Dollars in thousands)	March 31, 2012⁽²⁾
Extended Maturities	$6,854
Adjusted Interest Rates	0
Combination of Rate and Maturity Changes	95
Forbearance	1,143
Other ⁽¹⁾	221
Total	$8,313

(1) Other includes covenant modifications and other concessions or combination of concessions that do not consist of interest rate adjustments, forbearance, and maturity extensions.

(2) Balances are as of period end.

Loan Restructuring, Loans with a Payment Default Within 12 Months of Loan Modification

There were no loan modifications classified as TDRs in the last twelve months that experienced a payment default during the three months ended March 31, 2012.

Nonaccrual, Restructured and Impaired Loans

Loans placed in nonaccrual status and TDRs are considered impaired. The following table provides information on nonaccrual, TDRs and total impaired loans:



(Dollars in thousands)	March 31, 2012		December 31, 2011
Impaired loans
Nonaccrual loans
Commercial	$	5,936	$	7,809
Real estate-construction	7,005		10,005
Real estate-commercial	35,581		28,349
Real estate-residential	5,131		5,692
Installment	377		371
Home equity	1,915		2,073
Nonaccrual loans	55,945		54,299
Troubled debt restructurings
Accruing	9,495		4,009
Nonaccrual	17,205		18,071
Total troubled debt restructurings	26,700		22,080
Total impaired loans	$	82,645	$	76,379



	Three months ended March 31,
(Dollars in thousands)	2012		2011
Interest income effect on impaired loans
Gross amount of interest that would have been recorded under original terms	$	1,330	$	1,409
Interest included in income
Nonaccrual loans	209		145
Troubled debt restructurings	83		82
Total interest included in income	292		227
Net impact on interest income	$	1,038	$	1,182

Investment in Impaired Loans

First Financial's investment in impaired loans was as follows:



	As of March 31, 2012
(Dollars in thousands)	Current Balance		Contractual Principal Balance		Related Allowance		Average Current Balance		Quarterly Interest Income Recognized
Loans with no related allowance recorded
Commercial	$	9,793	$	11,941	$	0	$	8,072	$	55
Real estate - construction	4,957		7,421		0		5,623		5
Real estate - commercial	13,121		21,775		0		14,060		35
Real estate - residential	8,039		9,264		0		8,339		16
Installment	492		524		0		489		1
Home equity	2,016		2,152		0		2,044		2

Loans with an allowance recorded
Commercial	2,878		3,889		1,989		3,505		15
Real estate - construction	7,776		12,034		2,333		9,437		45
Real estate - commercial	31,099		35,823		6,453		25,310		107
Real estate - residential	2,474		2,489		304		2,583		11
Installment	0		0		0		0		0
Home equity	0		0		0		51		0

Total
Commercial	12,671		15,830		1,989		11,577		70
Real estate - construction	12,733		19,455		2,333		15,060		50
Real estate - commercial	44,220		57,598		6,453		39,370		142
Real estate - residential	10,513		11,753		304		10,922		27
Installment	492		524		0		489		1
Home equity	2,016		2,152		0		2,095		2
Total	$	82,645	$	107,312	$	11,079	$	79,513	$	292



	As of December 31, 2011
(Dollars in thousands)	Current Balance		Contractual Principal Balance		Related Allowance		Average Current Balance		Interest Income Recognized
Loans with no related allowance recorded
Commercial	$	6,351	$	8,387	$	0	$	7,337	$	62
Real estate - construction	6,289		11,129		0		5,657		2
Real estate - commercial	14,999		22,718		0		18,306		249
Real estate - residential	8,639		9,580		0		6,848		66
Installment	485		526		0		356		5
Home equity	2,073		2,206		0		2,337		10

Loans with an allowance recorded
Commercial	4,131		4,267		3,205		3,683		15
Real estate - construction	11,098		13,905		2,578		13,731		92
Real estate - commercial	19,521		26,357		6,441		15,484		225
Real estate - residential	2,692		2,705		313		3,630		37
Installment	0		0		0		15		1
Home Equity	101		101		2		81		3

Total
Commercial	10,482		12,654		3,205		11,020		77
Real estate - construction	17,387		25,034		2,578		19,388		94
Real estate - commercial	34,520		49,075		6,441		33,790		474
Real estate - residential	11,331		12,285		313		10,478		103
Installment	485		526		0		371		6
Home equity	2,174		2,307		2		2,418		13
Total	$	76,379	$	101,881	$	12,539	$	77,465	$	767

Commercial and Consumer Credit Exposure by Risk Attribute

Commercial and consumer credit exposure by risk attribute was as follows:



	As of March 31, 2012
			Real Estate
(Dollars in thousands)	Commercial		Construction		Commercial		Total
Pass	$	785,364	$	82,828	$	1,144,435	$	2,012,627
Special Mention	26,305		1,885		30,504		58,694
Substandard	19,097		19,592		87,836		126,525
Doubtful	335		0		0		335
Total	$	831,101	$	104,305	$	1,262,775	$	2,198,181



(Dollars in thousands)	Real Estate Residential		Installment		Home Equity		Other		Total
Performing	$	281,548	$	63,337	$	357,796	$	52,943	$	755,624
Nonperforming	7,374		456		1,915		0		9,745
Total	$	288,922	$	63,793	$	359,711	$	52,943	$	765,369



	As of December 31, 2011
			Real Estate
(Dollars in thousands)	Commercial		Construction		Commercial		Total
Pass	$	799,471	$	89,072	$	1,110,718	$	1,999,261
Special Mention	37,547		1,751		28,994		68,292
Substandard	19,435		24,151		93,355		136,941
Doubtful	528		0		0		528
Total	$	856,981	$	114,974	$	1,233,067	$	2,205,022



(Dollars in thousands)	Real Estate Residential		Installment		Home Equity		Other		Total
Performing	$	279,958	$	67,136	$	356,887	$	48,942	$	752,923
Nonperforming	8,022		407		2,073		0		10,502
Total	$	287,980	$	67,543	$	358,960	$	48,942	$	763,425

Changes in Other Real Estate Owned

Changes in OREO were as follows:



	Three months ended March 31,
(Dollars in thousands)	2012		2011
Balance at beginning of period	$	11,317	$	17,907
Additions
Commercial	4,541		0
Residential	922		710
Total additions	5,463		710
Disposals
Commercial	462		232
Residential	299		145
Total disposals	761		377
Write-downs
Commercial	958		3,144
Residential	25		143
Total write-downs	983		3,287
Balance at end of period	$	15,036	$	14,953