FIRST FINANCIAL CORP IN

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

THFF$77.21+0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income and Comprehensive Income

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)


· · Three Months Ended ·
· · March 31, ·
· · 2024 · 2023 ·
· · (unaudited) · · (unaudited) ·
INTEREST INCOME: · · · ·
Loans, including related fees	$50,052	$44,595
Securities:
Taxable	5,931	6,236
Tax-exempt	2,603	2,598
Other	817	1,271
TOTAL INTEREST INCOME	59,403	54,700
INTEREST EXPENSE:
Deposits	17,731	9,527
Short-term borrowings	976	808
Other borrowings	1,776	30
TOTAL INTEREST EXPENSE	20,483	10,365
NET INTEREST INCOME	38,920	44,335
Provision for credit losses	1,800	1,800
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES	37,120	42,535
NON-INTEREST INCOME:
Trust and financial services	1,333	1,317
Service charges and fees on deposit accounts	6,708	6,818
Other service charges and fees	223	204
Interchange income	179	47
Loan servicing fees	269	285
Gain on sales of mortgage loans	176	180
Other	543	524
TOTAL NON-INTEREST INCOME	9,431	9,375
NON-INTEREST EXPENSE:
Salaries and employee benefits	17,330	17,158
Occupancy expense	2,359	2,599
Equipment expense	4,144	3,299
FDIC Expense	662	787
Other	8,927	8,478
TOTAL NON-INTEREST EXPENSE	33,422	32,321
INCOME BEFORE INCOME TAXES	13,129	19,589
Provision for income taxes	2,205	3,609
NET INCOME	10,924	15,980
OTHER COMPREHENSIVE INCOME (LOSS)
Change in unrealized gains/(losses) on securities, net of reclassifications and taxes	(11,096)	14,238
Change in funded status of post retirement benefits, net of taxes	73	147
COMPREHENSIVE INCOME (LOSS)	$(99)	$30,365
PER SHARE DATA
Basic and Diluted Earnings per Share	$0.93	$1.33
Weighted average number of shares outstanding (in thousands)	11,803	12,058

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.