FIRST FINANCIAL CORP /IN/ THFF Income Statement

First financial corp /in/ (THFF)

Income statement / TTM

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
133,068	124,788	114,209	106,427	103,672	100,541	97,697	95,235	92,782	91,100	89,305	87,939	86,885	86,128	85,182	84,907	84,399	84,022	84,796	85,257	86,119	87,530	88,484	89,055	90,006	91,242	92,587	94,802	97,452	99,196	97,638	95,856	93,634	91,392	93,258	94,347	0	0	0
Securities:
Taxable
15,539	15,191	14,905	14,599	17,030	16,942	16,579	16,478	14,161	14,325	14,362	14,368	14,432	14,506	14,876	15,288	15,585	15,815	16,047	16,325	16,632	17,015	17,364	18,206	17,387	16,157	14,934	13,204	13,233	13,542	13,968	14,676	15,489	16,161	17,076	17,902	0	0	0
Tax-exempt
7,745	7,674	7,581	7,495	7,482	7,455	7,435	7,421	7,404	7,391	7,332	7,299	7,274	7,269	7,285	7,265	7,237	7,194	7,165	7,141	7,117	7,084	7,059	7,027	7,022	7,046	7,085	7,162	7,211	7,246	7,146	7,031	6,920	6,779	6,755	6,719	0	0	0
Other
1,556	1,468	1,344	1,298	1,279	1,286	1,360	1,367	1,379	1,379	1,359	1,397	1,434	1,477	1,476	1,512	1,578	1,645	1,693	1,751	1,744	1,729	1,663	1,625	1,688	1,776	1,954	2,101	2,202	2,321	2,364	2,275	2,156	2,009	2,033	1,984	0	0	0
TOTAL INTEREST INCOME
157,908	149,121	138,039	129,819	129,463	126,224	123,071	120,501	115,726	114,195	112,358	111,003	110,025	109,380	108,819	108,972	108,799	108,676	109,701	110,474	111,612	113,358	114,570	115,913	116,103	116,221	116,560	117,269	120,098	122,305	121,116	119,838	118,199	116,341	119,122	120,952	0	0	0
INTEREST EXPENSE:
Deposits
17,424	15,711	13,980	11,276	10,085	9,032	7,958	7,154	6,500	6,011	5,433	4,888	4,447	4,159	3,987	3,934	3,901	3,934	3,993	4,118	4,354	4,624	4,872	5,133	5,434	5,886	6,431	6,963	7,598	8,520	9,502	10,595	11,508	12,127	13,271	14,556	0	0	0
Short-term borrowings
1,049	1,105	933	795	725	501	384	315	300	245	249	202	155	134	116	87	80	70	68	95	98	99	101	75	72	78	86	96	114	140	152	175	179	187	231	255	0	0	0
Other borrowings
859	653	354	148	121	112	63	85	103	82	95	89	100	114	137	147	149	165	206	258	475	803	1,153	1,608	2,368	2,997	3,655	4,214	4,466	4,733	4,853	4,961	4,908	4,833	6,149	7,493	0	0	0
TOTAL INTEREST EXPENSE
19,332	17,469	15,267	12,219	10,931	9,645	8,405	7,554	6,903	6,338	5,777	5,179	4,702	4,407	4,240	4,168	4,130	4,169	4,267	4,471	4,927	5,526	6,126	6,816	7,874	8,961	10,172	11,273	12,178	13,393	14,507	15,731	16,595	17,147	19,651	22,304	0	0	0
NET INTEREST INCOME
138,576	131,652	122,772	117,600	118,532	116,579	114,666	112,947	108,823	107,857	106,581	105,824	105,323	104,973	104,579	104,804	104,669	104,507	105,434	106,003	106,685	107,832	108,444	109,097	108,229	107,260	106,388	105,996	107,920	108,912	106,609	104,107	101,604	99,194	99,471	98,648	0	0	0
Provision for Loan and Lease Losses
5,920	4,700	4,670	4,640	5,765	5,768	5,772	5,487	5,172	5,295	4,760	4,666	4,061	3,300	3,411	3,370	4,085	4,700	5,612	6,068	4,562	5,072	4,494	3,483	6,799	7,860	7,945	10,009	8,838	8,773	9,165	7,966	7,529	5,755	6,284	7,114	0	0	0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
132,656	126,952	118,102	112,960	112,767	110,811	108,894	107,460	103,651	102,562	101,821	101,158	101,262	101,673	101,168	101,434	100,584	99,807	99,822	99,935	102,123	102,760	103,950	105,614	101,430	99,400	98,443	95,987	99,082	100,139	97,444	96,141	94,075	93,439	93,187	91,534	0	0	0
NON-INTEREST INCOME:
Trust and financial services
5,366	5,036	5,055	4,859	5,075	5,286	5,229	5,290	5,099	5,001	4,972	5,048	5,191	5,208	5,355	5,467	5,428	5,586	5,698	5,702	5,863	5,860	5,993	6,009	5,998	6,035	5,803	5,814	5,850	5,804	5,346	4,935	4,687	4,544	4,607	4,802	0	0	0
Service charges and fees on deposit accounts
12,169	11,795	11,586	11,361	11,472	11,733	11,799	11,845	12,003	11,895	11,489	11,206	10,803	10,530	10,458	10,381	10,323	10,145	10,271	10,396	10,614	10,772	10,879	10,759	10,392	10,162	9,917	9,784	9,792	9,742	9,353	9,098	9,050	8,995	9,545	9,910	0	0	0
Other service charges and fees
14,228	14,012	13,507	13,043	12,982	13,012	12,877	12,691	12,458	12,499	12,465	12,457	12,492	12,307	12,091	12,109	11,960	11,798	11,675	11,707	11,696	11,697	11,977	11,683	11,420	11,081	10,517	10,205	9,755	9,710	9,303	8,939	8,755	8,289	8,250	8,046	0	0	0
Debt and Equity Securities, Gain (Loss)
242	44	15	12	-2	2	20	44	57	59	52	38	33	34	20	16	16	17	21	12	1	-3	415	415	419	423	216	233	894	886	676	659	-1	6	35	0	0	0	-
Other Operating Income
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0
Insurance commissions
-	-	-	-	-	-	-	-	52	74	28	63	96	2,346	4,083	5,741	7,664	6,945	6,992	7,390	7,286	7,646	7,806	7,611	7,700	7,750	7,796	7,636	7,494	7,422	7,445	7,644	7,518	7,347	6,918	6,565	0	0	0
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation
-	-	-	-	-	-	-	-	-	-	-	-	-199	12,822	12,822	13,021	13,021	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of mortgage loans
2,851	2,573	2,152	1,905	1,909	1,829	1,891	1,808	1,701	1,688	1,690	1,677	1,765	1,842	1,893	1,982	2,043	1,998	2,009	1,917	1,832	1,849	1,915	1,979	2,465	3,052	4,109	4,779	4,628	4,590	3,783	2,936	2,545	1,957	1,774	1,767	0	0	0
Other
4,922	4,859	7,057	7,355	6,159	6,200	2,183	1,952	1,622	4,722	5,434	5,223	5,433	1,842	1,170	1,203	1,029	2,690	3,739	3,824	3,443	2,964	2,463	2,135	2,295	1,952	1,410	1,368	1,511	1,404	1,303	2,233	2,105	2,312	2,234	1,258	0	0	0
TOTAL NON-INTEREST INCOME
39,911	38,452	35,358	34,521	37,739	38,206	38,209	37,840	32,992	35,938	36,130	35,513	35,614	46,931	47,892	49,920	51,484	39,179	40,405	40,948	40,735	40,785	41,448	40,591	40,689	40,455	39,768	39,819	39,913	39,547	37,198	36,420	34,549	33,340	32,394	31,356	0	0	0
NON-INTEREST EXPENSE:
Salaries and employee benefits
58,044	54,827	51,962	50,416	50,448	50,658	50,362	50,366	50,006	50,116	48,253	48,647	49,571	50,091	54,624	56,704	58,646	60,109	58,977	58,095	56,898	55,936	56,079	55,771	55,597	55,097	55,288	55,210	55,388	56,211	52,937	50,717	48,343	45,362	46,476	45,679	0	0	0
Occupancy expense
7,714	7,600	7,154	7,244	7,064	7,030	6,907	6,782	6,910	6,897	6,925	6,941	6,902	6,865	6,894	6,865	6,845	6,978	7,050	7,070	7,157	7,218	6,950	6,718	6,505	6,102	6,018	5,939	5,851	5,746	5,523	5,229	4,944	4,777	4,998	4,978	0	0	0
Equipment expense
8,888	8,244	7,496	7,052	6,951	6,827	6,778	6,897	7,082	7,186	7,201	7,287	7,260	7,300	7,304	7,162	7,056	6,991	7,012	7,181	7,383	7,269	7,091	6,872	6,505	6,348	6,197	5,846	5,708	5,489	5,060	4,804	4,500	4,352	4,498	4,624	0	0	0
FDIC Expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Deposit Insurance
-	-	750	818	-	929	899	904	909	915	779	907	1,082	1,300	1,631	1,743	1,790	1,769	1,782	1,851	1,874	1,931	1,990	1,953	1,982	2,052	2,059	2,053	2,078	1,949	1,813	1,480	1,489	1,804	2,197	2,763	0	0	0
Other
33,297	33,041	30,330	27,050	26,466	25,845	25,043	25,027	24,474	23,633	25,986	25,084	24,723	24,752	22,603	22,728	23,415	22,551	21,759	22,936	22,560	23,230	24,502	25,412	25,471	24,955	24,409	23,068	22,810	23,661	22,425	21,117	20,381	18,892	19,326	19,598	0	0	0
TOTAL NON-INTEREST EXPENSE
108,266	104,405	97,692	92,580	91,771	91,289	89,989	89,976	89,381	88,747	89,144	88,866	89,538	90,308	93,056	95,202	97,752	98,398	96,580	97,133	95,872	95,584	96,612	96,726	96,060	94,554	93,971	92,116	91,835	93,056	87,758	83,347	79,657	75,187	77,495	77,642	0	0	0
INCOME BEFORE INCOME TAXES
64,301	60,999	55,768	54,901	58,735	57,728	57,114	55,324	47,262	49,753	48,807	47,805	47,338	58,296	56,004	56,152	54,316	40,588	43,647	43,750	46,986	47,961	48,786	49,479	46,059	45,301	44,240	43,690	47,160	46,630	46,884	49,214	48,967	51,592	48,086	45,248	0	0	0
Income Tax Expense (Benefit)
12,930	12,127	10,204	10,281	11,423	11,145	18,971	19,700	18,547	20,622	13,948	13,578	13,231	19,883	18,821	18,733	18,206	10,392	11,384	11,613	13,284	14,189	15,272	15,765	14,387	13,767	13,056	12,887	14,098	13,818	12,484	13,091	13,132	14,397	14,759	14,022	0	0	0
Net Income (Loss) Attributable to Parent
51,371	48,872	45,564	44,620	47,312	46,583	38,143	35,624	28,715	29,131	34,859	34,227	34,107	38,413	37,183	37,419	36,110	30,196	32,263	32,137	33,702	33,772	33,514	33,714	31,672	31,534	31,184	30,803	33,062	32,812	34,400	36,123	35,835	37,195	33,327	31,226	0	0	0
OTHER COMPREHENSIVE INCOME (LOSS)
Change in unrealized gains/losses on securities, net of reclassifications
23,872	20,998	29,911	22,085	9,062	-8,861	-20,930	-17,279	-7,552	3,335	-8,026	-7,198	-10,981	-10,130	3,184	6,878	-1,948	-1,225	4,284	1,692	13,372	13,913	8,780	4,579	-10,096	-17,066	-17,620	-12,175	-1,046	691	-9,208	-6,009	2,579	8,857	0	0	0	-	-
Tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-
Change in funded status of post-retirement benefits, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,331	10,341	10,425	9,721	9,982	0	0	0	-	-
Tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-
Unrealized gain (loss) on securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-
Change in funded status of post retirement benefits
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-
COMPREHENSIVE INCOME (LOSS)
70,299	64,825	78,019	69,227	58,873	40,199	13,630	14,665	17,386	28,591	31,839	32,155	28,372	33,650	43,530	47,975	38,355	35,324	0	0	0	-	0	0	0	-	0	0	0	-	22,687	26,245	31,010	36,070	0	0	0	-	-
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