2014 Q3 Form 10-Q Financial Statement

#000071456214000059 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $28.38M $28.12M $28.31M
YoY Change -4.52% -0.67% -9.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.600M $1.590M $1.360M
YoY Change 17.65% 16.91% 12.4%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.231M $1.509M $2.567M
YoY Change -35.92% -41.22% -26.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.43M $12.48M $9.058M
YoY Change -5.72% 37.76% -27.7%
Income Tax $3.156M $3.990M $2.612M
% Of Pretax Income 27.62% 31.98% 28.84%
Net Earnings $8.272M $8.488M $6.446M
YoY Change -2.36% 31.68% -25.95%
Net Earnings / Revenue 29.15% 30.19% 22.77%
Basic Earnings Per Share
Diluted Earnings Per Share $623.2K $635.5K $484.6K
COMMON SHARES
Basic Shares Outstanding 13.36M shares 13.36M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $97.00M $84.77M $73.72M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $52.57M $51.75M $46.47M
YoY Change 1.35% 11.38% 3.49%
Goodwill $39.49M $39.49M $37.61M
YoY Change 0.0% 4.99%
Intangibles $4.145M $4.388M $3.308M
YoY Change -21.09% 32.65%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.057B $3.034B $2.961B
YoY Change 1.3% 2.48% 2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $59.00M $73.40M $29.20M
YoY Change 111.47% 151.37% -38.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.00M $73.40M $29.20M
YoY Change 111.47% 151.37% -38.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $54.00M $58.50M $73.90M
YoY Change -21.85% -20.84% -15.06%
Total Long-Term Liabilities $54.00M $58.50M $73.90M
YoY Change -21.85% -20.84% -15.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.00M $73.40M $29.20M
Total Long-Term Liabilities $54.00M $58.50M $73.90M
Total Liabilities $2.653B $2.628B $2.592B
YoY Change 0.4% 1.39% 2.31%
SHAREHOLDERS EQUITY
Retained Earnings $375.1M $366.9M $346.1M
YoY Change 5.8% 6.0%
Common Stock $73.73M $73.37M $72.16M
YoY Change 1.91% 1.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $42.66M $30.16M $30.71M
YoY Change 38.93% -1.78%
Treasury Stock Shares 1.576M shares 1.183M shares 1.209B shares
Shareholders Equity $403.9M $405.7M $368.4M
YoY Change
Total Liabilities & Shareholders Equity $3.057B $3.034B $2.961B
YoY Change 1.3% 2.48% 2.38%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $8.272M $8.488M $6.446M
YoY Change -2.36% 31.68% -25.95%
Depreciation, Depletion And Amortization $1.600M $1.590M $1.360M
YoY Change 17.65% 16.91% 12.4%
Cash From Operating Activities $14.43M $10.43M $9.070M
YoY Change 16.75% 14.99% 63.42%
INVESTING ACTIVITIES
Capital Expenditures -$2.170M -$2.430M -$590.0K
YoY Change 280.7% 311.86% -88.59%
Acquisitions
YoY Change
Other Investing Activities -$10.35M $4.160M -$26.88M
YoY Change -107.61% -115.48% -140.76%
Cash From Investing Activities -$12.51M $1.720M -$27.47M
YoY Change -109.23% -106.26% -145.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.31M -11.37M 13.72M
YoY Change -107.33% -182.87% -130.73%
NET CHANGE
Cash From Operating Activities 14.43M 10.43M 9.070M
Cash From Investing Activities -12.51M 1.720M -27.47M
Cash From Financing Activities 10.31M -11.37M 13.72M
Net Change In Cash 12.23M 780.0K -4.680M
YoY Change 70.33% -116.67% -121.57%
FREE CASH FLOW
Cash From Operating Activities $14.43M $10.43M $9.070M
Capital Expenditures -$2.170M -$2.430M -$590.0K
Free Cash Flow $16.60M $12.86M $9.660M
YoY Change 28.38% 33.13% -9.89%

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">New accounting standards</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASU 2014-04 &#8220;Receivables (Topic 310) &#8211; Troubled Debt Restructurings by Creditors&#8221; (&#8220;ASU 2014-04&#8221;) amends Topic 310 &#8220;Receivables&#8221; to clarify the terms defining when an in substance repossession or foreclosure occurs, which determines when the receivable should be derecognized and the real estate property is recognized. ASU 2013-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. It is not expected to have a significant impact on our financial statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB and the International Accounting Standards Board (the "IASB") jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under GAAP and International Financial Reporting Standards ("IFRS"). Previous revenue recognition guidance in GAAP comprised broad revenue recognition concepts together with numerous revenue requirements for particular industries or transactions, which sometimes resulted in different accounting for economically similar transactions. In contrast, IFRS provided limited revenue recognition guidance and, consequently, could be difficult to apply to complex transactions. Accordingly, the FASB and the IASB initiated a joint project to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and IFRS that would: (1) Remove inconsistencies and weaknesses in revenue requirements; (2) Provide a more robust framework for addressing revenue issues; (3) Improve comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets; (4) Provide more useful information to users of financial statements through improved disclosure requirements; and (5) Simplify the preparation of financial statements by reducing the number of requirements to which an entity must refer. To meet those objectives, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." The standard&#8217;s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies generally will be required to use more judgment and make more estimates than under current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The standard is effective for public entities for interim and annual periods beginning after December 15, 2016; early adoption is not permitted. For financial reporting purposes, the standard allows for either full retrospective adoption, meaning the standard is applied to all of the periods presented, or modified retrospective adoption, meaning the standard is applied only to the most current period presented in the financial statements with the cumulative effect of initially applying the standard recognized at the date of initial application. The Corporation is currently evaluating the provisions of ASU No. 2014-09 and will be closely monitoring developments and additional guidance to determine the potential impact the new standard will have on the Corporation's Consolidated Financial Statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2014, the FASB issued ASU No. 2014-11, "Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures." The new guidance aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. The amendments in the ASU require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. The amendments in the ASU also require expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for public companies for the first interim or annual period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual reporting periods beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required to be presented for annual reporting periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. As of June 30, 2014, all of the Corporation's repurchase agreements were typical in nature (i.e., not repurchase-to-maturity transactions) and are accounted for as secured borrowings. As such, the adoption of ASU No. 2014-11 is not expected to have a material impact on the Corporation's Consolidated Financial Statements.</font></div></div>
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CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality
1048000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQuality
872000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15862000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
14793000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
3158000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2590000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1768000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3321000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
992000 USD
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
534000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
4486000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8121000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2325000 USD
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
6373000 USD
CY2014Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1775091000 USD
CY2013Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1771562000 USD
CY2014Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
15583000 USD
CY2013Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
18862000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
16 loan
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
25 loan
CY2014Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
13 loan
CY2013Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
8 loan
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
441000 USD
CY2014Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14721000 USD
CY2014Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14325000 USD
CY2013Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
17301000 USD
CY2013Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
20270000 USD
CY2013Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
21285000 USD
CY2012Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
21285000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
11705000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
8015000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
2858000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
2906000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1773282000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1782656000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
12977000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
6634000 USD
CY2013Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
27540000 USD
CY2014Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
17555000 USD
CY2014Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
19000 USD
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
1108000 USD
CY2013Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
73000 USD
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
82000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1906000 USD
CY2013Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
943000 USD
CY2014Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
457000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
833000 USD
CY2013Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
3000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-1000 USD
CY2014Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-1000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
7000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-62000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-51000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
39489000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
39489000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
17167000 USD
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
28726000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16279000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
28225000 USD
CY2013Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
26025000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
330000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
CY2013Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
0 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2013 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
330000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2013Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
0 USD
CY2014Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
15667000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
18946000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2590000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
3158000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
17347000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
21288000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12478000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9058000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24066000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19888000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7747000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2612000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3990000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5749000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2877000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-26004000 USD
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
-5094000 USD
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
10585000 USD
CY2014Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1852000 USD
CY2013Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1941000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
3765000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
3904000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4935000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4388000 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
28115000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
56939000 USD
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
28305000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
57247000 USD
CY2014Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
21625000 USD
CY2013Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22576000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
46030000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
43843000 USD
us-gaap Interest Expense
InterestExpense
3191000 USD
us-gaap Interest Expense
InterestExpense
5336000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
1509000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
2567000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3276000 USD
CY2014Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1233000 USD
CY2013Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1534000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2523000 USD
CY2014Q2 us-gaap Interest Expense Other
InterestExpenseOther
254000 USD
us-gaap Interest Expense Other
InterestExpenseOther
632000 USD
us-gaap Interest Expense Other
InterestExpenseOther
2021000 USD
CY2013Q2 us-gaap Interest Expense Other
InterestExpenseOther
1014000 USD
CY2013Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
19000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
39000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
36000 USD
CY2014Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
22000 USD
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
22778000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
52144000 USD
CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26962000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
45930000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
53748000 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26606000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
51911000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25738000 USD
CY2013Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1761000 USD
CY2014Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1766000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3531000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3512000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
8742000 USD
CY2014Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4298000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
6694000 USD
CY2013Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
3479000 USD
CY2013Q4 us-gaap Interest Receivable
InterestReceivable
11554000 USD
CY2014Q2 us-gaap Interest Receivable
InterestReceivable
10950000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
2628177000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
2632523000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3018718000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3033923000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20068000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
18255000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
21958000 USD
CY2013Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
22133000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
20408000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
25272000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
1046883000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
1042138000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1120000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-111000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1792548000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1792551000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
17118000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1774407000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1771360000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
10085000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
9222000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
9911000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
15765000 USD
CY2013Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
14525000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
13741000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-13510000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-13938000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
74980000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
3554000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-113519000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
25029000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
24125000 USD
us-gaap Net Income Loss
NetIncomeLoss
14139000 USD
us-gaap Net Income Loss
NetIncomeLoss
16319000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
8488000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
6446000 USD
CY2013Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
506815000 USD
CY2014Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
505846000 USD
us-gaap Noninterest Expense
NoninterestExpense
45582000 USD
us-gaap Noninterest Expense
NoninterestExpense
47754000 USD
CY2013Q2 us-gaap Noninterest Expense
NoninterestExpense
23383000 USD
CY2014Q2 us-gaap Noninterest Expense
NoninterestExpense
24049000 USD
us-gaap Noninterest Income
NoninterestIncome
19540000 USD
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
9565000 USD
us-gaap Noninterest Income
NoninterestIncome
19676000 USD
CY2013Q2 us-gaap Noninterest Income
NoninterestIncome
9663000 USD
CY2014Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
93000 USD
CY2013Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
253000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1103000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
920000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Occupancy Net
OccupancyNet
3714000 USD
us-gaap Occupancy Net
OccupancyNet
3098000 USD
CY2014Q2 us-gaap Occupancy Net
OccupancyNet
1789000 USD
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
1576000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
43624000 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
39759000 USD
CY2014Q2 us-gaap Other Borrowings
OtherBorrowings
63140000 USD
CY2013Q4 us-gaap Other Borrowings
OtherBorrowings
58288000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-12226000 USD
CY2013Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-10559000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
9419000 USD
CY2014Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
4116000 USD
CY2013Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-338000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-552000 USD
CY2014Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-115000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-230000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9649000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11674000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4231000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10221000 USD
CY2014Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
426000 USD
CY2013Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
489000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
992000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
842000 USD
CY2014Q2 us-gaap Other Liabilities
OtherLiabilities
58534000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
55852000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
11078000 USD
CY2013Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
6055000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
11535000 USD
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5996000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
329000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1394000 USD
CY2014Q2 us-gaap Other Real Estate
OtherRealEstate
5190000 USD
CY2013Q4 us-gaap Other Real Estate
OtherRealEstate
5291000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
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CY2014Q2 thff Provision For Impaired Loan Losses
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905000 USD
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4975000 USD
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464000 USD
thff Repayments Of Federal Home Loan Banks And Other Borrowings
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thff Repayments Of Federal Home Loan Banks And Other Borrowings
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thff Share Based Compensation Arrangement By Share Based Payment Award Incremental Vesting Rights Percentage For Second Year
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thff Share Based Compensation Arrangement By Share Based Payment Award Incremental Vesting Rights Percentage For Third Year
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thff Trust And Financial Services
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CY2014Q2 thff Trust And Financial Services
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CY2013Q2 thff Trust And Financial Services
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thff Trust And Financial Services
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000714562
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13355272 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
FIRST FINANCIAL CORP /IN/
dei Trading Symbol
TradingSymbol
THFF

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0000714562-14-000059-index-headers.html Edgar Link pending
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