DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Derivative Financial Instruments and Balances
The following table details the classification and amounts recognized in the Consolidated Balance Sheets for client derivatives:
  
 
 
 
September 30, 2016
 
December 31, 2015
 
 
 
 
 
 
Estimated fair value
 
 
 
Estimated fair value
(Dollars in thousands)
 
Balance sheet classification
 
Notional
amount
 
Gain
 
Loss
 
Notional
amount
 
Gain
 
Loss
Client derivatives - instruments associated with loans
 
 
 
 
 
 
 
 
 
 
 
 
Pay fixed interest rate swaps with counterparty
 
Accrued interest and other liabilities
 
$
812

 
$
0

 
$
(42
)
 
$
5,216

 
$
0

 
$
(120
)
Matched interest rate swaps with borrower
 
Accrued interest and other assets
 
696,557

 
28,522

 
0

 
546,458

 
13,981

 
(44
)
Matched interest rate swaps with counterparty
 
Accrued interest and other liabilities
 
696,557

 
0

 
(28,615
)
 
546,458

 
44

 
(14,015
)
Total
 
 
 
$
1,393,926

 
$
28,522

 
$
(28,657
)
 
$
1,098,132

 
$
14,025

 
$
(14,179
)
Disclosure by Type of Financial Instrument
The following table discloses the gross and net amounts of liabilities recognized in the Consolidated Balance Sheets:
 
September 30, 2016
 
December 31, 2015
(Dollars in thousands)
Gross amounts of recognized liabilities
 
Gross amounts offset in the Consolidated Balance Sheets
 
Net amounts of assets presented in the Consolidated Balance Sheets
 
Gross amounts of recognized liabilities
 
Gross amounts offset in the Consolidated Balance Sheets
 
Net amounts of assets presented in the Consolidated Balance Sheets
Client derivatives
 
 
 
 
 
 
 
 
 
 
 
Pay fixed interest rate swaps with counterparty
$
42

 
$
0

 
$
42

 
$
120

 
$
0

 
$
120

Matched interest rate swaps with counterparty
28,615

 
(29,990
)
 
(1,375
)
 
14,015

 
(16,710
)
 
(2,695
)
Total
$
28,657

 
$
(29,990
)
 
$
(1,333
)
 
$
14,135

 
$
(16,710
)
 
$
(2,575
)
Derivative Financial Instruments, Average Remaining Maturity and the Weighted-Average Interest Rates being Paid and Received
The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received by First Financial at September 30, 2016:
 
 
 
 
 
 
 
 
Weighted-average rate
(Dollars in thousands)
 
Notional
amount
 
Average
maturity
(years)
 
Fair
value
 
Receive
 
Pay
Client derivatives
 
 
 
 
 
 
 
 
 
 
Pay fixed interest rate swaps with counterparty
 
$
812

 
1.9
 
$
(42
)
 
2.99
%
 
6.84
%
Receive fixed, matched interest rate swaps with borrower
 
696,557

 
5.7
 
28,522

 
4.14
%
 
2.68
%
Pay fixed, matched interest rate swaps with counterparty
 
696,557

 
5.7
 
(28,615
)
 
2.68
%
 
4.14
%
Total client derivatives
 
$
1,393,926

 
5.7
 
$
(135
)
 
3.41
%
 
3.42
%