DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments and Balances

The following table details the classification and amounts recognized in the Consolidated Balance Sheets for client derivatives:

		June 30, 2016							December 31, 2015
				Estimated fair value							Estimated fair value
(Dollars in thousands)	Balance sheet classification	Notional amount		Gain		Loss			Notional amount		Gain		Loss
Client derivatives - instruments associated with loans
Pay fixed interest rate swaps with counterparty	Accrued interest and other liabilities	$	1,643	$	0	$	(59	)	$	5,216	$	0	$	(120	)
Matched interest rate swaps with borrower	Accrued interest and other assets	653,301		32,181		0			546,458		13,981		(44		)
Matched interest rate swaps with counterparty	Accrued interest and other liabilities	653,301		0		(32,186		)	546,458		44		(14,015		)
Total		$	1,308,245	$	32,181	$	(32,245	)	$	1,098,132	$	14,025	$	(14,179	)

Disclosure by Type of Financial Instrument

The following table discloses the gross and net amounts of liabilities recognized in the Consolidated Balance Sheets:

	June 30, 2016								December 31, 2015
(Dollars in thousands)	Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of assets presented in the Consolidated Balance Sheets			Gross amounts of recognized liabilities		Gross amounts offset in the Consolidated Balance Sheets			Net amounts of assets presented in the Consolidated Balance Sheets
Client derivatives
Pay fixed interest rate swaps with counterparty	$	59	$	0		$	59		$	120	$	0		$	120
Matched interest rate swaps with counterparty	32,186		(32,580		)	(394		)	14,015		(16,710		)	(2,695		)
Total	$	32,245	$	(32,580	)	$	(335	)	$	14,135	$	(16,710	)	$	(2,575	)

Derivative Financial Instruments, Average Remaining Maturity and the Weighted-Average Interest Rates being Paid and Received

The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received by First Financial at June 30, 2016:

							Weighted-average rate
(Dollars in thousands)	Notional amount		Average maturity (years)	Fair value			Receive		Pay
Client derivatives
Pay fixed interest rate swaps with counterparty	$	1,643	1.8	$	(59	)	2.57	%	6.74	%
Receive fixed, matched interest rate swaps with borrower	653,301		4.7	32,181			4.23	%	2.64	%
Pay fixed, matched interest rate swaps with counterparty	653,301		4.7	(32,186		)	2.64	%	4.23	%
Total client derivatives	$	1,308,245	4.7	$	(64	)	3.24	%	3.46	%