FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

First Financial Bancorp. (Parent Company Only) Financial Information

Balance Sheets

	December 31,
(Dollars in thousands)	2012		2011
Assets
Cash	$	106,196	$	111,657
Investment securities, available for sale	3,623		2,682
Subordinated notes from subsidiaries	7,500		7,500
Investment in subsidiaries
Commercial banks	575,701		573,295
Nonbanks	18,671		18,659
Total investment in subsidiaries	594,372		591,954
Premises and equipment	1,706		1,842
Other assets	15,058		14,889
Total assets	$	728,455	$	730,524
Liabilities
Dividends payable	$	16,869	$	16,196
Other liabilities	1,161		2,107
Total liabilities	18,030		18,303
Shareholders’ equity	710,425		712,221
Total liabilities and shareholders’ equity	$	728,455	$	730,524

Statements of Income

	Years Ended December 31,
(Dollars in thousands)	2012			2011			2010
Income
Interest income	$	55		$	70		$	192
Noninterest income	421			0			143
Dividends from subsidiaries	73,800			48,700			60,700
Total income	74,276			48,770			61,035
Expenses
Interest expense	0			391			1,221
Provision for loan and lease losses	0			739			(37		)
Salaries and employee benefits	4,612			4,449			3,377
Miscellaneous professional services	916			719			928
Other	5,209			5,240			3,190
Total expenses	10,737			11,538			8,679
Income before income taxes and equity in undistributed net earnings of subsidiaries	63,539			37,232			52,356
Income tax benefit	(3,869		)	(4,263		)	(3,162		)
Equity in undistributed (loss) earnings of subsidiaries	(105		)	25,244			3,733
Net income	$	67,303		$	66,739		$	59,251

Statements of Cash Flows

	Years Ended December 31,
(Dollars in thousands)	2012			2011			2010
Operating activities
Net income	$	67,303		$	66,739		$	59,251
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed loss (earnings) of subsidiaries	105			(25,244		)	(3,733		)
Provision for loan and lease losses	0			739			(37		)
Depreciation and amortization	27			31			42
Stock-based compensation expense	4,186			3,935			3,084
Deferred income taxes	(207		)	(509		)	(569		)
Increase in dividends payable	673			10,342			710
Decrease in accrued expenses	(1,799		)	(10,003		)	(140		)
(Increase) decrease in other assets	(139		)	(241		)	170
Net cash provided by operating activities	70,149			45,789			58,778
Investing activities
Proceeds from calls and maturities of investment securities	0			158			0
Purchases of investment securities, available-for-sale	(474		)	(137		)	(290		)
Net decrease (increase) in loans	0			2,681			(1,743		)
Purchases of premises and equipment	0			0			(1,285		)
Other	109			514			(548		)
Net cash (used in) provided by investing activities	(365		)	3,216			(3,866		)
Financing activities
Redemption of junior subordinated debentures	0			(20,620		)	0
Cash dividends paid on common stock	(67,797		)	(35,312		)	(22,490		)
Cash dividends paid on preferred stock	0			0			(1,100		)
Treasury stock purchase	(6,806		)	0			0
Issuance of common stock	0			0			91,224
Payment to repurchase preferred stock	0			0			(80,000		)
Proceeds from exercise of stock options, net of shares purchased	320			63			272
Excess tax benefit on share-based compensation	438			259			535
Other	(1,400		)	478			(1,086		)
Net cash used in financing activities	(75,245		)	(55,132		)	(12,645		)
(Decrease) increase in cash	(5,461		)	(6,127		)	42,267
Cash at beginning of year	111,657			117,784			75,517
Cash at end of year	$	106,196		$	111,657		$	117,784