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LOANS (excluding covered loans) (Tables) (Non Covered Loans)
 9 Months Ended
Sep. 30, 2012
Non Covered Loans
  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan Delinquency, including Nonaccrual Loans

Loan delinquency, including nonaccrual loans, was as follows:

 
 
As of September 30, 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
 
$
948

 
$
1,461

 
$
4,468

 
$
6,877

 
$
827,981

 
$
834,858

 
$
0

Real estate - construction
 
51

 
0

 
2,172

 
2,223

 
89,674

 
91,897

 
0

Real estate - commercial
 
2,805

 
373

 
30,308

 
33,486

 
1,305,150

 
1,338,636

 
0

Real estate - residential
 
6,168

 
1,663

 
6,505

 
14,336

 
285,318

 
299,654

 
0

Installment
 
549

 
130

 
226

 
905

 
58,286

 
59,191

 
0

Home equity
 
1,438

 
349

 
2,211

 
3,998

 
364,878

 
368,876

 
0

All other
 
398

 
161

 
108

 
667

 
72,280

 
72,947

 
108

Total
 
$
12,357

 
$
4,137

 
$
45,998

 
$
62,492

 
$
3,003,567

 
$
3,066,059

 
$
108


 
 
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 tables provide information on loan modifications classified as TDRs during the three and nine months ended September 30, 2012 and 2011.
 
Three months ended
 
September 30, 2012
 
September 30, 2011
 
Total TDRs
 
Total TDRs
(Dollars in thousands)
Number of loans
Pre-modification loan balance
Period end balance
 
Number of loans
Pre-modification loan balance
Period end balance
Commercial
6
$
3,787

$
4,027

 
1
$
44

$
44

Real estate - construction
0
0
0
 
0
0
0
Real estate - commercial
8
5,105
5,077
 
2
467
206
Real estate - residential
0
0
0
 
3
242
245
Installment
0
0
0
 
0
0
0
Home equity
0
0
0
 
0
0
0
Total
14
$
8,892

$
9,104

 
6

$
753

$
495
Loans Restructured, Modifications
The following table provides information on how TDRs were modified during the three and nine months ended September 30, 2012 and 2011.

 
Three months ended
 
Nine months ended
 
September 30, (2)
 
September 30, (2)
(Dollars in thousands)
2012
 
2011
 
2012
 
2011
Extended maturities
$
6,144

 
$
249

 
$
13,404

 
$
1,445

Adjusted interest rates
0
 
114
 
166
 
271
Combination of rate and maturity changes
0
 
132
 
563
 
1,056
Forbearance
2,565
 
0
 
3,801
 
0
Other (1)
395
 
0
 
616
 
111
Total
$
9,104

 
$
495

 
$
18,550

 
$
2,883


(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.
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)
 
September 30, 2012
 
December 31, 2011
Impaired loans
 
 
 
 
Nonaccrual loans
 
 
 
 
Commercial
 
$
4,563

 
$
7,809

Real estate-construction
 
2,536

 
10,005

Real estate-commercial
 
33,961

 
28,349

Real estate-residential
 
5,563

 
5,692

Installment
 
284

 
371

Home equity
 
2,497

 
2,073

Nonaccrual loans
 
49,404

 
54,299

Troubled debt restructurings
 
 
 
 
Accruing
 
11,604

 
4,009

Nonaccrual
 
13,017

 
18,071

Total troubled debt restructurings
 
24,621

 
22,080

Total impaired loans
 
$
74,025

 
$
76,379


 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
(Dollars in thousands)
2012
 
2011
 
2012
 
2011
Interest income effect on impaired loans
 
 
 
 
 
 
 
Gross amount of interest that would have been recorded under original terms
$
1,145

 
$
1,390

 
$
3,734

 
$
4,103

Interest included in income
 
 
 
 
 
 
 
Nonaccrual loans
54

 
108

 
403

 
358

Troubled debt restructurings
199

 
49

 
430

 
215

Total interest included in income
253

 
157

 
833

 
573

Net impact on interest income
$
892

 
$
1,233

 
$
2,901

 
$
3,530
Investment in Impaired Loans

First Financial's investment in impaired loans was as follows:
 
 
As of September 30, 2012
(Dollars in thousands)
 
Current Balance
 
Contractual
Principal
Balance
 
Related
Allowance
 
Average
Current
Balance
 
YTD Interest
Income
Recognized
 
Quarterly Interest
Income
Recognized
Loans with no related allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
6,344

 
$
8,673

 
$
0

 
$
7,932

 
$
116

 
$
24

Real estate - construction
 
2,049

 
2,260

 
0

 
4,705

 
15

 
5

Real estate - commercial
 
16,508

 
25,173

 
0

 
15,498

 
195

 
93

Real estate - residential
 
8,486

 
9,925

 
0

 
8,274

 
52

 
17

Installment
 
397

 
427

 
0

 
452

 
2

 
1

Home equity
 
2,496

 
2,806

 
0

 
2,216

 
6

 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded
 
 
 
 
 
 
 
 
 
 
Commercial
 
7,272

 
8,032

 
1,713

 
5,797

 
142

 
55

Real estate - construction
 
1,652

 
2,168

 
853

 
5,882

 
71

 
12

Real estate - commercial
 
26,710

 
28,807

 
8,816

 
25,870

 
204

 
34

Real estate - residential
 
2,010

 
2,013

 
290

 
2,358

 
29

 
9

Installment
 
0

 
0

 
0

 
0

 
0

 
0

Home equity
 
101

 
101

 
2

 
76

 
1

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 

 
 

 
 

 
 

 
 

 
 
Commercial
 
13,616

 
16,705

 
1,713

 
13,729

 
258

 
79

Real estate - construction
 
3,701

 
4,428

 
853

 
10,587

 
86

 
17

Real estate - commercial
 
43,218

 
53,980

 
8,816

 
41,368

 
399

 
127

Real estate - residential
 
10,496

 
11,938

 
290

 
10,632

 
81

 
26

Installment
 
397

 
427

 
0

 
452

 
2

 
1

Home equity
 
2,597

 
2,907

 
2

 
2,292

 
7

 
3

Total
 
$
74,025

 
$
90,385

 
$
11,674

 
$
79,060

 
$
833

 
$
253


 
 
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 September 30, 2012
 
 
 
 
Real Estate
 
 
(Dollars in thousands)
 
Commercial
 
Construction
 
Commercial
 
Total
Pass
 
$
794,471

 
$
81,033

 
$
1,230,599

 
$
2,106,103

Special Mention
 
21,174

 
167

 
32,001

 
53,342

Substandard
 
19,213

 
10,697

 
75,555

 
105,465

Doubtful
 
0

 
0

 
481

 
481

Total
 
$
834,858

 
$
91,897

 
$
1,338,636

 
$
2,265,391


(Dollars in thousands)
 
Real Estate
Residential
 
Installment
 
Home Equity
 
Other
 
Total
Performing
 
$
292,584

 
$
58,907

 
$
366,379

 
$
72,947

 
$
790,817

Nonperforming
 
7,070

 
284

 
2,497

 
0

 
9,851

Total
 
$
299,654

 
$
59,191

 
$
368,876

 
$
72,947

 
$
800,668


 
 
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
 
Nine months ended
 
 
September 30,
 
September 30,
(Dollars in thousands)
 
2012
 
2011
 
2012
 
2011
Balance at beginning of period
 
$
15,688

 
$
16,313

 
$
11,317

 
$
17,907

Additions
 
 

 
 
 
 

 
 
Commercial
 
539

 
241

 
5,888

 
1,328

Residential
 
406

 
416

 
2,320

 
2,609

Total additions
 
945

 
657

 
8,208

 
3,937

Disposals
 
 

 
 
 
 

 
 
Commercial
 
1,209

 
3,605

 
2,221

 
3,909

Residential
 
413

 
1,293

 
1,025

 
2,345

Total disposals
 
1,622

 
4,898

 
3,246

 
6,254

Write-downs
 
 

 
 
 
 

 
 
Commercial
 
1,041

 
0

 
2,181

 
3,341

Residential
 
58

 
69

 
186

 
246

Total write-downs
 
1,099

 
69

 
2,367

 
3,587

Balance at end of period
 
$
13,912

 
$
12,003

 
$
13,912

 
$
12,003