First Financial Corp (NASDAQ: THFF) is a community banking company that operates banking subsidiaries providing commercial, residential, and consumer lending alongside deposit-taking services. Revenue comes primarily from net interest income on loans and, secondarily, from fee-based services including mortgage origination and sale into the secondary market. Total loans outstanding reached $4.05B as of December 31, 2025, up from $3.83B at December 31, 2024. The deposit base includes non-interest-bearing demand deposits of $819.97M, interest-bearing demand deposits of $1.70B, and savings deposits of $1.40B as of FY2025. The Corporation sells substantially all long-term fixed residential mortgages to secondary market purchasers. It pays a semi-annual dividend to common shareholders, subject to earnings, capital requirements, and regulatory approval. Its banking subsidiaries operate as community banks, relying on local market knowledge and customer service relationships to retain and attract business in current and contiguous markets.

Revenue model

Net interest income from a loan portfolio of $4.05B (as of December 31, 2025) spanning commercial, residential, and consumer categories, supplemented by fee income from originating and selling long-term fixed residential mortgages to secondary market purchasers.

Products and services

Commercial loans, residential mortgage loans, consumer loans, non-interest-bearing and interest-bearing demand deposit accounts, savings deposits, time deposits, and secondary-market mortgage origination and sales.

Customers and end markets

Retail and commercial depositors, residential mortgage borrowers, commercial borrowers, and consumer loan customers in local and contiguous community markets. Non-accrual loans as of FY2025 totaled $27.50M, with commercial loans comprising 83% of that balance.

Value-chain role

Community bank holding company. Originates and holds commercial and consumer loans on balance sheet; originates and sells long-term fixed residential mortgages to secondary market purchasers. Funding sourced from retail and commercial deposit base.

Geographic exposure

Community markets and contiguous areas served by the Corporation's banking subsidiaries, as described in the 10-K filed 2026-03-04. Specific states or regions are not identified in the filing excerpts provided.

Source: SEC 10-K, filed 2026-03-04

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