First financial corp /in/ (THFF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME:
Loans, including related fees

124,788

100,541

91,100

86,128

84,022

87,530

91,242

99,196

91,392

96,206

94,930

Securities:
Taxable

15,191

16,942

14,325

14,506

15,815

17,015

16,157

13,542

16,161

18,597

22,755

Tax-exempt

7,674

7,455

7,391

7,269

7,194

7,084

7,046

7,246

6,779

6,664

6,604

Other

1,468

1,286

1,379

1,477

1,645

1,729

1,776

2,321

2,009

2,115

1,966

TOTAL INTEREST INCOME

149,121

126,224

114,195

109,380

108,676

113,358

116,221

122,305

116,341

123,582

126,255

INTEREST EXPENSE:
Deposits

15,711

9,032

6,011

4,159

3,934

4,624

5,886

8,520

12,127

16,306

21,544

Short-term borrowings

1,105

501

245

134

70

99

78

140

187

325

541

Other borrowings

653

112

82

114

165

803

2,997

4,733

4,833

10,335

17,176

TOTAL INTEREST EXPENSE

17,469

9,645

6,338

4,407

4,169

5,526

8,961

13,393

17,147

26,966

39,261

NET INTEREST INCOME

131,652

116,579

107,857

104,973

104,507

107,832

107,260

108,912

99,194

96,616

86,994

Provision for Loan and Lease Losses

4,700

5,768

5,295

3,300

4,700

5,072

7,860

8,773

5,755

9,200

11,870

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

126,952

110,811

102,562

101,673

99,807

102,760

99,400

100,139

93,439

87,416

75,124

NON-INTEREST INCOME:
Trust and financial services

5,036

5,286

5,001

5,208

5,586

5,860

6,035

5,804

4,544

4,547

4,197

Service charges and fees on deposit accounts

11,795

11,733

11,895

10,530

10,145

10,772

10,162

9,742

8,995

10,342

11,082

Other service charges and fees

14,012

13,012

12,499

12,307

11,798

11,697

11,081

9,710

8,289

7,759

7,026

Debt and Equity Securities, Gain (Loss)

44

2

59

34

17

-3

423

886

6

1,321

4

Total impairment loss

-

-

-

-

-

-

-

11

110

4,260

18,939

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

0

0

0

8,170

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

11

110

4,260

10,769

Insurance commissions

133

144

74

2,346

6,945

7,646

7,750

7,422

7,347

6,759

6,464

Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation

0

0

0

12,822

0

0

-

-

-

-

-

Gain on sales of mortgage loans

2,573

1,829

1,688

1,842

1,998

1,849

3,052

4,590

1,957

2,206

2,291

Gain on sale of credit card loans

-

-

-

-

-

-

-

-

-

-

2,549

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

5,057

Other

4,859

6,200

4,722

1,842

2,690

2,964

1,952

1,404

2,312

1,123

631

TOTAL NON-INTEREST INCOME

38,452

38,206

35,938

46,931

39,179

40,785

40,455

39,547

33,340

29,797

28,532

NON-INTEREST EXPENSE:
Salaries and employee benefits

54,827

50,658

50,116

50,091

60,109

55,936

55,097

56,211

45,362

44,887

42,259

Occupancy expense

7,600

7,030

6,897

6,865

6,978

7,218

6,102

5,746

4,777

4,707

4,534

Equipment expense

8,244

6,827

7,186

7,300

6,991

7,269

6,348

5,489

4,352

4,761

4,640

Federal Deposit Insurance

693

929

915

1,300

1,769

1,931

2,052

1,949

1,804

2,847

3,277

Other

33,041

25,845

23,633

24,752

22,551

23,230

24,955

23,661

18,892

20,000

18,671

TOTAL NON-INTEREST EXPENSE

104,405

91,289

88,747

90,308

98,398

95,584

94,554

93,056

75,187

77,202

73,381

INCOME BEFORE INCOME TAXES

60,999

57,728

49,753

58,296

40,588

47,961

45,301

46,630

51,592

40,011

30,275

Income Tax Expense (Benefit)

12,127

11,145

20,622

19,883

10,392

14,189

13,767

13,818

14,397

11,967

7,555

Net Income (Loss) Attributable to Parent

48,872

46,583

29,131

38,413

30,196

33,772

31,534

32,812

37,195

28,044

22,720

OTHER COMPREHENSIVE INCOME (LOSS)
Change in unrealized gains/losses on securities, net of reclassifications

20,998

-8,861

3,335

-10,130

-1,225

13,913

-17,066

691

8,857

449

-

Change in funded status of post-retirement benefits, net of taxes

5,045

-2,477

3,875

-5,367

-6,353

14,473

-10,569

-2,331

9,982

1,914

-2,494

Unrealized gain (loss) on securities, net of tax

-

-

-

-

-

-

-

-

-

-

10,869

COMPREHENSIVE INCOME (LOSS)

64,825

40,199

28,591

33,650

35,324

-

-

-

36,070

26,579

31,095

PER SHARE DATA
Basic and Diluted Earnings per Share (in dollars per share)

3.80

3.80

2.38

3.12

2.35

2.55

2.37

2.48

2.83

2.14

1.73

Weighted average number of shares outstanding (in thousands)

12,865

12,256

12,225

12,317

12,836

13,226

13,310

13,240

13,163

13,120

13,119