FIRST FINANCIAL CORP /IN/ THFF Income Statement

First financial corp /in/ (THFF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME:
Loans, including related fees
35,034	37,138	33,363	27,533	26,754	26,559	25,581	24,778	23,623	23,715	23,119	22,325	21,941	21,920	21,753	21,271	21,184	20,974	21,478	20,763	20,807	21,748	21,939	21,625	22,218	22,702	22,510	22,576	23,454	24,047	24,725	25,226	25,198	22,489	22,943	23,004	22,956	24,355	24,032
Securities:
Taxable
4,029	4,087	3,907	3,516	3,681	3,801	3,601	5,947	3,593	3,438	3,500	3,630	3,757	3,475	3,506	3,694	3,831	3,845	3,918	3,991	4,061	4,077	4,196	4,298	4,444	4,426	5,038	3,479	3,214	3,203	3,308	3,508	3,523	3,629	4,016	4,321	4,195	4,544	4,842
Tax-exempt
1,938	1,975	1,959	1,873	1,867	1,882	1,873	1,860	1,840	1,862	1,859	1,843	1,827	1,803	1,826	1,818	1,822	1,819	1,806	1,790	1,779	1,790	1,782	1,766	1,746	1,765	1,750	1,761	1,770	1,804	1,827	1,810	1,805	1,704	1,712	1,699	1,664	1,680	1,676
Other
402	451	366	337	314	327	320	318	321	401	327	330	321	381	365	367	364	380	401	433	431	428	459	426	416	362	421	489	504	540	568	590	623	583	479	471	476	607	430
TOTAL INTEREST INCOME
41,403	43,651	39,595	33,259	32,616	32,569	31,375	32,903	29,377	29,416	28,805	28,128	27,846	27,579	27,450	27,150	27,201	27,018	27,603	26,977	27,078	28,043	28,376	28,115	28,824	29,255	29,719	28,305	28,942	29,594	30,428	31,134	31,149	28,405	29,150	29,495	29,291	31,186	30,980
INTEREST EXPENSE:
Deposits
4,530	4,509	5,069	3,316	2,817	2,778	2,365	2,125	1,764	1,704	1,561	1,471	1,275	1,126	1,016	1,030	987	954	963	997	1,020	1,013	1,088	1,233	1,290	1,261	1,349	1,534	1,742	1,806	1,881	2,169	2,664	2,788	2,974	3,082	3,283	3,932	4,259
Short-term borrowings
267	319	305	158	323	147	167	88	99	30	98	73	44	34	51	26	23	16	22	19	13	14	49	22	14	16	23	19	20	24	33	37	46	36	56	41	54	80	80
Other borrowings
256	348	222	33	50	49	16	6	41	0	38	24	20	13	32	35	34	36	42	37	50	77	94	254	378	427	549	1,014	1,007	1,085	1,108	1,266	1,274	1,205	1,216	1,213	1,199	2,521	2,560
TOTAL INTEREST EXPENSE
5,053	5,176	5,596	3,507	3,190	2,974	2,548	2,219	1,904	1,734	1,697	1,568	1,339	1,173	1,099	1,091	1,044	1,006	1,027	1,053	1,083	1,104	1,231	1,509	1,682	1,704	1,921	2,567	2,769	2,915	3,022	3,472	3,984	4,029	4,246	4,336	4,536	6,533	6,899
NET INTEREST INCOME
36,350	38,475	33,999	29,752	29,426	29,595	28,827	30,684	27,473	27,682	27,108	26,560	26,507	26,406	26,351	26,059	26,157	26,012	26,576	25,924	25,995	26,939	27,145	26,606	27,142	27,551	27,798	25,738	26,173	26,679	27,406	27,662	27,165	24,376	24,904	25,159	24,755	24,653	24,081
Provision for Loan and Lease Losses
2,690	1,500	1,500	230	1,470	1,470	1,470	1,355	1,473	1,474	1,185	1,040	1,596	939	1,091	435	835	1,050	1,050	1,150	1,450	1,962	1,506	-356	1,960	1,384	495	2,960	3,021	1,469	2,559	1,789	2,956	1,861	1,360	1,352	1,182	2,390	2,190
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
33,660	36,975	32,499	29,522	27,956	28,125	27,357	29,329	26,000	26,208	25,923	25,520	24,911	25,467	25,260	25,624	25,322	24,962	25,526	24,774	24,545	24,977	25,639	26,962	25,182	26,167	27,303	22,778	23,152	25,210	24,847	25,873	24,209	22,515	23,544	23,807	23,573	22,263	21,891
NON-INTEREST INCOME:
Trust and financial services
1,534	1,379	1,329	1,124	1,204	1,398	1,133	1,340	1,415	1,341	1,194	1,149	1,317	1,312	1,270	1,292	1,334	1,459	1,382	1,253	1,492	1,571	1,386	1,414	1,489	1,704	1,402	1,403	1,526	1,472	1,413	1,439	1,480	1,014	1,002	1,191	1,337	1,077	1,197
Service charges and fees on deposit accounts
2,998	3,209	3,227	2,735	2,624	3,000	3,002	2,846	2,885	3,066	3,048	3,004	2,777	2,660	2,765	2,601	2,504	2,588	2,688	2,543	2,326	2,714	2,813	2,761	2,484	2,821	2,693	2,394	2,254	2,576	2,560	2,402	2,204	2,187	2,305	2,354	2,149	2,737	2,670
Other service charges and fees
3,330	3,770	3,720	3,408	3,114	3,265	3,256	3,347	3,144	3,130	3,070	3,114	3,185	3,096	3,062	3,149	3,000	2,880	3,080	3,000	2,838	2,757	3,112	2,989	2,839	3,037	2,818	2,726	2,500	2,473	2,506	2,276	2,455	2,066	2,142	2,092	1,989	2,027	1,938
Debt and Equity Securities, Gain (Loss)
194	26	6	16	-4	-3	3	2	0	15	27	15	2	8	13	10	3	-6	9	10	4	-2	0	-1	0	416	0	3	4	209	17	664	-4	-1	0	4	3	28	-
Other Operating Income
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11	-	-	13	97	-	859	71
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11	-	-	13	97	-	859	71
Insurance commissions
-	-	-	-	-	-	-	-	0	52	0	0	22	6	35	33	2,272	1,743	1,693	1,956	1,553	1,790	2,091	1,852	1,913	1,950	1,896	1,941	1,963	1,996	1,736	1,799	1,891	2,019	1,935	1,673	1,720	1,590	1,582
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-199	0	13,021	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of mortgage loans
698	792	865	496	420	371	618	500	340	433	535	393	327	435	522	481	404	486	611	542	359	497	519	457	376	563	583	943	963	1,620	1,253	792	925	813	406	401	337	630	399
Other
341	2,018	599	1,964	278	4,216	897	768	319	199	666	438	3,419	911	455	648	-172	239	488	474	1,489	1,288	573	93	1,010	787	245	253	667	245	203	396	560	144	1,133	268	767	66	157
TOTAL NON-INTEREST INCOME
9,095	11,327	9,746	9,743	7,636	8,233	8,909	12,961	8,103	8,236	8,540	8,113	11,049	8,428	7,923	8,214	22,366	9,389	9,951	9,778	10,061	10,615	10,494	9,565	10,111	11,278	9,637	9,663	9,877	10,591	9,688	9,757	9,511	8,242	8,910	7,886	8,302	7,296	7,872
NON-INTEREST EXPENSE:
Salaries and employee benefits
15,972	15,495	14,031	12,546	12,755	12,630	12,485	12,578	12,965	12,334	12,489	12,218	13,075	10,471	12,883	13,142	13,595	15,004	14,963	15,084	15,058	13,872	14,081	13,887	14,096	14,015	13,773	13,713	13,596	14,206	13,695	13,891	14,419	10,932	11,475	11,517	11,438	12,046	10,678
Occupancy expense
1,929	2,168	1,804	1,813	1,815	1,722	1,894	1,633	1,781	1,599	1,769	1,761	1,768	1,627	1,785	1,722	1,731	1,656	1,756	1,702	1,864	1,728	1,776	1,789	1,925	1,460	1,544	1,576	1,522	1,376	1,465	1,488	1,417	1,153	1,171	1,203	1,250	1,374	1,151
Equipment expense
2,461	2,559	2,117	1,751	1,817	1,811	1,673	1,650	1,693	1,762	1,792	1,835	1,797	1,777	1,878	1,808	1,837	1,781	1,736	1,702	1,772	1,802	1,905	1,904	1,658	1,624	1,686	1,537	1,501	1,473	1,335	1,399	1,282	1,044	1,079	1,095	1,134	1,190	1,205
FDIC Expense
-230	-	-	-	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Deposit Insurance
-	-	155	199	-	256	223	223	227	226	228	228	233	90	356	403	451	421	468	450	430	434	537	473	487	493	500	502	557	500	494	527	428	364	161	536	743	757	727
Other
7,422	9,390	9,302	7,183	7,166	6,679	6,022	6,599	6,545	5,877	6,006	6,046	5,704	8,230	5,104	5,685	5,733	6,081	5,229	6,372	4,869	5,289	6,406	5,996	5,539	6,561	7,316	6,055	5,023	6,015	5,975	5,797	5,874	4,779	4,667	5,061	4,385	5,213	4,939
TOTAL NON-INTEREST EXPENSE
27,554	29,811	27,409	23,492	23,693	23,098	22,297	22,683	23,211	21,798	22,284	22,088	22,577	22,195	22,006	22,760	23,347	24,943	24,152	25,310	23,993	23,125	24,705	24,049	23,705	24,153	24,819	23,383	22,199	23,570	22,964	23,102	23,420	18,272	18,553	19,412	18,950	20,580	18,700
INCOME BEFORE INCOME TAXES
15,201	18,491	14,836	15,773	11,899	13,260	13,969	19,607	10,892	12,646	12,179	11,545	13,383	11,700	11,177	11,078	24,341	9,408	11,325	9,242	10,613	12,467	11,428	12,478	11,588	13,292	12,121	9,058	10,830	12,231	11,571	12,528	10,300	12,485	13,901	12,281	12,925	8,979	11,063
Income Tax Expense (Benefit)
3,020	4,127	2,579	3,204	2,217	2,204	2,656	4,346	1,939	10,030	3,385	3,193	4,014	3,356	3,015	2,846	10,666	2,294	2,927	2,319	2,852	3,286	3,156	3,990	3,757	4,369	3,649	2,612	3,137	3,658	3,480	3,823	2,857	2,324	4,087	3,864	4,122	2,686	3,350
Net Income (Loss) Attributable to Parent
12,181	14,364	12,257	12,569	9,682	11,056	11,313	15,261	8,953	2,616	8,794	8,352	9,369	8,344	8,162	8,232	13,675	7,114	8,398	6,923	7,761	9,181	8,272	8,488	7,831	8,923	8,472	6,446	7,693	8,573	8,091	8,705	7,443	10,161	9,814	8,417	8,803	6,293	7,713
OTHER COMPREHENSIVE INCOME (LOSS)
Change in unrealized gains/losses on securities, net of reclassifications
13,098	-1,691	4,124	8,341	10,224	7,222	-3,702	-4,682	-7,699	-4,847	-51	5,045	3,188	-16,208	777	1,262	4,039	-2,894	4,471	-7,564	4,762	2,615	1,879	4,116	5,303	-2,518	-2,322	-10,559	-1,667	-3,072	3,123	570	70	-12,971	6,322	9,158	6,348	-	-
Tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-258	268	-247	-	-202	-201	-202	-	-
Change in funded status of post-retirement benefits, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,388	-387	402	42	10,284	-303	-302	303	-	-
Tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,249	228	-28	-	2,529	3,663	2,539	-	-
Unrealized gain (loss) on securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,874	342	42	-	3,793	5,495	3,809	-	-
Change in funded status of post retirement benefits
-404	-	-303	-304	-303	-	-281	-281	-281	-	-184	-184	-183	-	-304	-304	-304	-	-819	-819	-2,464	-	-116	-115	-115	-	-340	-338	-214	-	-645	670	617	-	-505	-503	-505	-	-
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,418	-	-1,982	-10,221	-1,453	-	2,261	744	412	-	4,096	5,797	4,112	-	-
COMPREHENSIVE INCOME (LOSS)
25,683	6,718	16,684	21,214	20,209	19,912	7,892	10,860	1,535	-6,657	8,927	13,581	12,740	-3,409	9,243	9,798	18,018	6,471	13,688	178	14,987	-	10,267	12,719	13,249	-	6,490	-3,775	6,240	-	10,352	9,449	7,855	-4,969	13,910	14,214	12,915	-	-
PER SHARE DATA
Basic and Diluted Earnings per Share (in dollars per share)
0.89	1.06	0.93	1.02	0.79	0.90	0.92	1.25	0.73	0.21	0.72	0.68	0.77	0.69	0.67	0.68	1.08	0.56	0.65	0.54	0.60	0.71	0.62	0.63	0.59	0.67	0.64	0.48	0.58	0.65	0.61	0.66	0.56	0.77	0.75	0.64	0.67	0.48	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.59
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.59
Dividends per Share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.48	-	-	0.00	0.47	-	-	-	0.47	-	0.46	0.46
Weighted average number of shares outstanding (in thousands)
13,740	13,747	13,141	12,290	12,282	12,266	12,255	12,255	12,248	12,235	12,224	12,224	12,217	12,200	12,186	12,236	12,646	12,720	12,773	12,903	12,948	12,931	13,269	13,355	13,349	13,326	13,307	13,307	13,300	13,261	13,238	13,238	13,223	13,196	13,152	13,152	13,152	13,107	13,112