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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
Balance Sheets
 
December 31,
(Dollars in thousands)
2016
 
2015
Assets
 
 
 
Cash
$
59,285

 
$
106,072

Investment securities, available for sale
386

 
335

Other investments
0

 
6,190

Subordinated notes from subsidiaries
7,500

 
7,500

Investment in subsidiaries
 
 
 
Commercial banks
909,798

 
807,832

Total investment in subsidiaries
909,798

 
807,832

Premises and equipment
1,395

 
1,412

Other assets
19,487

 
12,312

Total assets
$
997,851

 
$
941,653

 
 
 
 
Liabilities
 
 
 
Subordinated debentures
$
118,463

 
$
118,312

Dividends payable
10,386

 
10,251

Other liabilities
3,778

 
3,714

Total liabilities
132,627

 
132,277

Shareholders’ equity
865,224

 
809,376

Total liabilities and shareholders’ equity
$
997,851

 
$
941,653

Schedule of Condensed Income Statement
Statements of Income 
 
Years Ended December 31,
(Dollars in thousands)
2016
 
2015
 
2014
Income
 
 
 
 
 
Interest income
$
48

 
$
81

 
$
73

Noninterest income
2,596

 
253

 
92

Dividends from subsidiaries
52,700

 
17,250

 
31,700

Total income
55,344

 
17,584

 
31,865

 
 
 
 
 
 
Expenses
 
 
 
 
 
Interest expense
6,151

 
2,157

 
0

Salaries and employee benefits
5,445

 
4,224

 
4,041

Miscellaneous professional services
711

 
723

 
708

Other
4,841

 
5,564

 
5,307

Total expenses
17,148

 
12,668

 
10,056

Income before income taxes and equity in undistributed net earnings of subsidiaries
38,196

 
4,916

 
21,809

Income tax benefit
(5,302
)
 
(4,563
)
 
(3,674
)
Equity in undistributed earnings (loss) of subsidiaries
45,028

 
65,584

 
39,517

Net income
$
88,526

 
$
75,063

 
$
65,000

Schedule of Condensed Cash Flow Statement
Statements of Cash Flows
 
Years Ended December 31,
(Dollars in thousands)
2016
 
2015
 
2014
Operating activities
 
 
 
 
 
Net income
$
88,526

 
$
75,063

 
$
65,000

Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
Equity in undistributed (earnings) loss of subsidiaries
(45,028
)
 
(65,584
)
 
(39,517
)
Depreciation and amortization
192

 
78

 
24

Stock-based compensation expense
5,354

 
4,049

 
3,970

Deferred income taxes
584

 
(85
)
 
180

(Decrease) increase in dividends payable
135

 
2

 
1,071

(Decrease) increase in other liabilities
(389
)
 
1,965

 
(1,654
)
Decrease (increase) in other assets
(9,065
)
 
1,459

 
(264
)
Net cash provided by (used in) operating activities
40,309

 
16,947

 
28,810

 
 
 
 
 
 
Investing activities
 
 
 
 
 
Capital contributions to subsidiaries
(53,000
)
 
(40,000
)
 
(27,601
)
Net cash (paid) acquired from business combinations
0

 
0

 
(17,065
)
Proceeds from disposal of subsidiaries
0

 
0

 
18,695

Proceeds from calls and maturities of investment securities
5,978

 
87

 
29

Purchases of investment securities
(333
)
 
(412
)
 
(192
)
Net cash provided by (used in) investing activities
(47,355
)
 
(40,325
)
 
(26,134
)
 
 
 
 
 
 
Financing activities
 
 
 
 
 
Proceeds from long-term borrowings
0

 
120,000

 
0

Cash dividends paid on common stock
(39,125
)
 
(39,070
)
 
(34,848
)
Treasury stock purchase
0

 
(4,498
)
 
(697
)
Proceeds from exercise of stock options, net of shares purchased
801

 
744

 
1,056

Excess tax benefit on share-based compensation
264

 
146

 
153

Other
(1,681
)
 
(3,064
)
 
(1,568
)
Net cash provided by (used in) financing activities
(39,741
)
 
74,258

 
(35,904
)
Net increase (decrease) in cash
(46,787
)
 
50,880

 
(33,228
)
Cash at beginning of year
106,072

 
55,192

 
88,420

Cash at end of year
$
59,285

 
$
106,072

 
$
55,192