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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
Balance Sheets
December 31,
(Dollars in thousands)20212020
Assets
Cash$49,746 $172,902 
Investment securities 1,836 1,388 
Subordinated notes from subsidiaries7,500 7,500 
Investment in subsidiaries
Commercial bank2,447,095 2,346,009 
Non-banks10,417 9,559 
Total investment in subsidiaries2,457,512 2,355,568 
Premises and equipment1,311 1,328 
Other assets77,132 68,812 
Total assets$2,595,037 $2,607,498 
Liabilities
Short-term borrowings$20,000 $
Subordinated notes310,864 320,615 
Dividends payable1,042 674 
Other liabilities4,189 4,139 
Total liabilities336,095 325,428 
Shareholders’ equity2,258,942 2,282,070 
Total liabilities and shareholders’ equity$2,595,037 $2,607,498 
Schedule of Condensed Income Statement
Statements of Income and Comprehensive Income
Years Ended December 31,
(Dollars in thousands)202120202019
Income
Interest income$34 $27 $30 
Noninterest income663 272 191 
Dividends from subsidiaries202,000 81,725 196,800 
Total income202,697 82,024 197,021 
Expenses
Interest expense15,900 14,172 9,552 
Salaries and employee benefits9,784 8,004 8,169 
Professional services2,343 1,160 1,040 
Other5,186 5,163 6,599 
Total expenses33,213 28,499 25,360 
Income before income taxes and equity in undistributed net earnings of subsidiaries
169,484 53,525 171,661 
Income tax expense (benefit)(7,787)(6,145)(5,975)
Equity in undistributed earnings (loss) of subsidiaries27,889 96,140 20,439 
Net income$205,160 $155,810 $198,075 
Comprehensive income$156,063 $191,151 $254,900 
Schedule of Condensed Cash Flow Statement
Statements of Cash Flows
Years Ended December 31,
(Dollars in thousands)202120202019
Operating activities
Net income$205,160 $155,810 $198,075 
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (earnings) loss of subsidiaries(27,889)(96,140)(20,439)
Depreciation and amortization859 712 584 
Stock-based compensation expense9,635 7,678 7,969 
Unrealized (gain) loss on equity securities(448)(272)(191)
Deferred income taxes(224)(158)1,255 
(Decrease) increase in dividends payable368 (175)384 
(Decrease) increase in other liabilities(751)(22)(244)
Decrease (increase) in other assets(8,096)8,907 (6,996)
Net cash provided by (used in) operating activities178,614 76,340 180,397 
Investing activities
Capital contributions to subsidiaries(113,152)
Net cash acquired (paid) in business combinations(53,660)
Proceeds from sales and maturities of investment securities264 
Purchases of investment securities(500)
Net cash (used in) provided by investing activities(113,152)(53,896)
Financing activities
  (Decrease) increase in short-term borrowings20,000 
Proceeds from long-term borrowings(10,592)150,000 
Cash dividends paid on common stock(87,316)(89,691)(89,097)
Purchases of common stock(108,077)(16,686)(66,218)
Proceeds from exercise of stock options, net of shares purchased64 72 90 
Other(2,697)(3,002)(2,285)
Net cash provided by (used in) financing activities(188,618)40,693 (157,510)
Net increase (decrease) in cash(123,156)117,033 (31,009)
Cash at beginning of year172,902 55,869 86,878 
Cash at end of year$49,746 $172,902 $55,869