First Financial Corporation.
THFF.US | Other monetary intermediation
First Financial Corporation is a financial holding company. It provides a range of community banking services through its subsidiary, First Financial Bank N.A. These services include commercial, mortgage, and consumer lending, as well as trust and investment management services. The bank operates th...Show More
Better Health for All
0
First Financial Corporation is a financial holding company whose core business activities, such as lending, deposits, and investment management, do not have a direct positive or negative impact on health outcomes. While the company offers Health Savings Accounts (HSAs) that facilitate payment for medical expenses, these are financial products, not health services.
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The company also provides a mortgage program for medical professionals.
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The company acknowledges the indirect link between financial health and overall well-being, including mental health, and offers financial education.
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However, these are not direct health products or services. The company's 2023 CSR report stated no data breaches, but this is general data security, not specific to health data responsibility.
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There is no evidence of the company producing health-related products, conducting clinical trials, or engaging in activities that would directly impact most health-related KPIs.
Fair Money & Economic Opportunity
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No evidence available to assess First Financial Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
30
First Financial Corporation reported a CEO to median employee pay ratio of 20:1 in 2024.
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A third-party pay equity review in 2023 found that average female pay was 98.1% of average male base pay, and average minority associate pay was 99.7% of average non-minority associate pay.
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The company's 2023 employee engagement survey ranked in the 94th percentile of the Gallup database, with 86% of associates satisfied with First Financial as a place to work.
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The total employee turnover rate in 2023 was 15.73%, with voluntary turnover at 12.87%.
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The company reported no substantiated labor law violations in 2023.
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Fair Trade & Ethical Sourcing
40
First Financial Bank's 2023 CSR Report indicates that 30.46% of sourceable business opportunities, totaling over $6.4 million, was directed to diverse vendors.
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This figure aligns with the 'Fair Trade & Ethical Sourcing' value's focus on supporting underrepresented suppliers.
Honest & Fair Business
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No evidence available to assess First Financial Corporation on Honest & Fair Business.
Kind to Animals
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First Financial Corporation is a financial holding company providing banking services, and its core business model does not involve animal-derived products, animal testing, animal husbandry, or direct impact on wildlife habitats.
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CrueltyFreeInvesting.org states that THFF.US has 'No Animal Exploitation'.
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The company has supported local animal shelters and humane organizations through community initiatives.
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In 2018, its Pet Food and Supplies Drive raised $19,896 and collected 2,437 pet items.
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In 2017, the drive raised $16,878 in cash and received 2,463 pet items.
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However, the First Financial Foundation, established in 2017, lists animal welfare organizations as ineligible for funding.
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No War, No Weapons
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No evidence available to assess First Financial Corporation on No War, No Weapons.
Planet-Friendly Business
-50
The company's near-term carbon emissions targets were officially approved by SBTi in June 2024, but the evidence does not specify if interim milestones are defined.
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While the company incorporates a net-zero mentality in its policy-making, no specific net-zero target year has been declared.
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The company uses the TCFD recommendations for climate-related financial disclosures, and its 2021 and 2023 TCFD reports obtained "LEVEL-5+" certification from BSI.
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Climate scenarios include long-term and short-term stress scenarios, incorporating NGFS Phase IV scenario data and IPCC's Sixth Assessment Report, with analysis for 2030 and 2050 across three simulated scenarios (orderly net zero, disorderly transition, and passive transition).
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The company aims to reduce investment and financing in highly polluting sectors, but provides minimal disclosure of climate asset risks.
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First Financial Holding has created an "ESG Sustainable Application Map Inquiry Platform" incorporating geographic information system (GIS) and government open data relating to climate change, ecology, water, environmentally sensitive areas, and green life.
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The company also conducts basic scenario analysis on climate change to define impact factors of climate hazards and calculate credit risks for various business positions, referencing the FSC's "operation plan" on climate change scenario analysis.
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Respect for Cultures & Communities
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First Financial Corporation has established 96 formal partnerships with organizations across the Midwest, including local non-profit and community groups.
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The company received an "Outstanding" rating for its performance under the Community Reinvestment Act (CRA) from the Federal Reserve Board in 2021
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and the OCC in 2024, indicating a documented social license to operate.
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The company donated a historic building, listed in the National Register of Historic Places,
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and $110,000 to Indiana Landmarks for preservation.
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As a financial services company, FPIC processes are not applicable to its operations.
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The company's financial literacy initiative website is available in English and Spanish, demonstrating limited local language incorporation.
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The company has a commitment to source a minimum of 25% of its spend with diverse businesses, including minority-owned, by 2028,
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but currently reports no indigenous-owned suppliers. The company's community fund allocation, including a $1.075 billion commitment for community development lending and investment from 2024-2028,
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is not quantifiable as a percentage of non-core revenue.
Safe & Smart Tech
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The company encrypts data during online transmission.
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Users have the right to determine how their personal information is used, and California residents have rights to know and request deletion of data, though CCPA provisions do not apply to GLBA-covered information.
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Customers can limit sharing of creditworthiness information with affiliates for everyday business and marketing purposes.
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However, the company does not currently respond to browser Do Not Track (DNT) signals.
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For authentication, initial login uses a user ID and temporary password, with periodic password changes recommended.
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The company conducts regular vulnerability assessments and periodic penetration testing to identify potential weaknesses.
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The company is compliant with federal law regarding security measures and various banking regulations, but has one ongoing regulatory investigation and 12 pending consumer disputes.
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Zero Waste & Sustainable Products
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First Financial has implemented several waste reduction initiatives. The company and its associates recycled 441,360 pounds of paper.
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Specifically, 174 tons of paper were recycled at Indiana locations in 2024.
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They have been recycling all paper waste generated at locations for over 16 years
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and conduct Shred Day events, which collected and recycled over 5 tons of paper in 2024.
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Additionally, 64 percent of all deposit statements are delivered electronically,
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and the company saved 6 million gallons of water.
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Lighting and electrical system upgrades at seven Illinois banking centers are estimated to save $25,000 annually in energy costs.
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The company strives to construct, retrofit, and maintain branches and offices following design standards that minimize waste. First Financial had no waste disposal violations in 2024. For customer waste education, the company provides Shred Day events for customers to recycle documents.