UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES 
EXCHANGE ACT OF 1934
For the period ended September 30, 1995

Commission File Number : 0-12499

First Financial Bancorp
(Exact name of registrant as specified in its charter)

California (State or other jurisdiction of incorporation or
organization)

94-28222858
(I.R.S. Employer Identification No.)

701 South Ham Lane, Lodi, California 95242 (Address of principal
executive offices)

(209)-367-2000
(Registrant's telephone number, including area code)

NA
(Former name, former address and former fiscal year, if changed
since last report.) 

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months(or
 for such shorter period that the registrant was required to file
such reports),and (2) has been subject to such filing requirements
for the past 90 days.

[ X ] Yes [   ] No

As of September 30, 1995, there were 1,306,481 shares of Common
Stock, no par value, outstanding.
<PAGE>

FIRST FINANCIAL BANCORP

FORM 10-Q

FOR THE QUARTER ENDED SEPTEMBER 30, 1995

<TABLE>
TABLE OF CONTENTS

<CAPTION>
Page
<S>                                                        <C>
PART I
Item 1. Financial Statements                               1
Item 2. Management's Discussion  and Analysis of
        Financial Condition and Results of Operations      4

PART II
Item 1. Legal Proceedings                                  7
Item 2. Changes in Securities                              7
Item 3. Defaults Upon Senior Securities                    7
Item 4. Submission of Matters to a Vote of Security
        Holders                                            7
Item 5. Other Information                                  7
Item 6. Exhibits and Reports on Form 8-K                   8
</TABLE>
<PAGE>
ITEM 1.  FINANCIAL STATEMENTS
<TABLE>
FIRST FINANCIAL BANCORP AND SUBSIDIARY
Consolidated Balance Sheets
(in thousands)
<CAPTION>
                                           9/30/95           12/31/94
<S>                                        <C>               <C>
ASSETS
Cash and due from banks                    $ 4,649           $  5,199
Federal funds sold                           1,000              2,000

Investment securities:
Held-to-maturity securities (at
  amortized cost, market value of
  $2,186 and $2,118 at 9/30/95 and
  12/31/94)                                  2,037              2,038
Available-for-sale securities, at
  fair value                                31,348             31,062
  Total Investments                         33,385             33,100

Loans                                       54,365             56,939
Less: Allowance for loan losses                924              1,127
  Net loans                                 53,441             55,812

Bank premises and equipment, net             6,434              6,640
Accrued interest receivable                  1,201              1,103
Other assets                                 1,103              1,313
Total Assets                               $101,213           $105,167

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
  Deposits
    Noninterest bearing                    $ 7,694          $   8,415
    Interest bearing                        78,897             81,564
      Total deposits                        86,591             89,979

Accrued interest payable                       367                300
Other liabilities                              207              1,660
Note payable                                 2,595              2,618
      Total liabilities                     89,760             94,557

Stockholders' equity:
  Common stock - no par value;
    authorized 9,000,000 shares,
    issued and outstanding in 1995
    and 1994, 1,306,996 and,
    1,306,296 shares                         7,314              7,310
  Retained earnings                          3,980              3,412
  Net unrealized holding gains on
    available-for sale securities              159               (112)
      Total stockholders' equity            11,453             10,610
Total Liabilities and Stockholders'
  Equity                                   $101,213           $105,167
</TABLE>
Page 1
<PAGE>
<TABLE>
FIRST FINANCIAL BANCORP AND SUBSIDIARY
Consolidated Statements of Income
(in thousands except per share amounts)

<CAPTION>
                    Three months ended Sept 30  Six months ended Sept 30 
                          1995         1994           1995       1994
<S>                       <C>          <C>            <C>        <C>
Interest income:
  Loans, including fee    $1,560       $1,522         $4,653    $4,375 
  Investment securities:
   Taxable                   343          268          1,006       693
   Exempt from Federal taxes  85           92            268       277
  Federal funds sold          48           35            123        94
  Deposits in banks and other
    interest income            0            1              0         3
    Total interest income  2,036        1,918          6,050     5,442
Interest expense:
  Deposit accounts           745          625          2,102     1,826
  Other                       69           71            209       212
    Total interest expense   814          696          2,311     2,038
    Net interest income    1,222        1,222          3,739     3,404
Provision for loan losses     51           61             86       135
    Net interest income 
    after provision for 
    loan losses            1,171        1,161          3,653     3,269
Noninterest income:
  Service charges            122          139            383       424
  Premiums and fees from
  SBA and mortgage
  operations                 142          113            312       361
  Miscellaneous                7           12             28        39
Total noninterest income     271          264            723       824 
Noninterest expense:
  Salaries and employee
    benefits                 579          556           1,661     1,675
  Occupancy                  114          115             313       308
  Equipment                   93           91             284       280
  Other                      316          735           1,071     1,509
Total noninterest expense  1,102        1,497           3,329     3,772
 Income before provision
 for income taxes            340         (72)           1,047       321 
Provision for income taxes   119         (37)            348         67
    Net income             $ 221       $ (35)            699        254

Earnings per share:
Primary                   $ 0.17       $ (0.03)          $0.54     $ 0.19 
Fully diluted             $ 0.17       $ (0.03)          $0.53     $ 0.19
</TABLE>
Page 2
<PAGE>
<TABLE>
FIRST FINANCIAL BANCORP AND SUBSIDIARY
Consolidated Statements of Cash Flows
(in thousands)
Nine Months Ended Sept 30
<CAPTION>
                                                 1995         1994
<S>                                              <C>           <C>
Cash flows from operating activities:
Net income                                       $  699         $   254
Adjustments to reconcile net income to
  net cash provided by operating activities:
    (Decrease) increase in loans held for sale       229            198
    Increase in deferred loan income                 17              48
     Loss on sale of other
        real estate owned                             0               3
    Depreciation and amortization                   320             324
    Provision for loan losses                        86              135
    Provision for deferred taxes                    447             (43)
    Increase in accrued interest
      receivable                                   (98)           (163)
    Increase (decrease) in accrued
      interest payable                               67            (23)
    Decrease in other liabilities                  (453)          323
    (Increase) decrease in other assets            (338)             (16)
      Net cash provided by operating activities     976             1,040

Cash flows from investing activities:
  Proceeds from maturity of held-to-
    maturity securities                               1              46
Proceeds from maturity of available-
    for-sale securities                          17,639           24,258
  Purchases of available-for-sale
    securities                                   (18,461)         (26,449)
  Increase in loans made to customers            1,947           1,052
  Proceeds from sale of other real estate             0             370
  Purchase of bank premises and equipment        (  114)         (   60)
      Net cash provided by investing
        activities                                1,012         (783)

Cash flows from financing activities:
  Net decrease in deposits                       (3,388)         3,172
  Payments on note payable                       (   23)       (   22)
  Dividends paid                                    (131)      (  131)
  Proceeds from issuance of common  stock             4               4
      Net cash used in financing activities      (3,538)           3,023
      Net (decrease) increase in cash
        and cash equivalents                     ( 1,550)       3,280
Cash and cash equivalents
 at beginning  of period                          7,199           6,424
Cash and cash equivalents
 at end of period                                $5,649      $9,704
</TABLE>
Page 3
<PAGE>

Management's Discussion and Analysis

Changes in Financial Position

Consolidated total assets at September 30, 1995 were $101.2 million,
representing a decline of $4.0 million, or 3.8%, from December 31, 1995
The decline was the result of a decrease of $1.4 million in other liabilities
and a decrease in deposits of $3.4 million, or 3.8%.  The decrease in other
liabilities represents the settlement of a securities purchase obligation
outstanding at December 31, 1995 and the settlement of litigation pending
as of December 31, 1995. The deposit outflow and reduction in other
liabilities were funded by decreases in cash and federal funds sold balances
as well as a net decrease of $2.6 million, or 4.5%, in loans outstanding.

The decline in deposits is principally seasonal in nature.  Deposits generally
experience a seasonal peak during the fourth quarter of each year in
connection with the culmination of local agricultural harvests.
Those seasonal inflows reverse during the first quarter when the
agricultural cycle begins again.  Noninterest bearing and interest bearing
deposits declined by 8.6% and 3.3%, respectively, from December 31, 1994
to September 30, 1995.  The loan portfolio declined by $2.6 million, or
4.5%, from December 31,1994 to September 30, 1995.  The decline was
centered principally in the construction and commercial segments of the
portfolio, reflecting continued soft economic conditions in the local
market area.

The allowance for loan losses declined by $203 thousand, or 18%, from
December 31, 1994 to September 30, 1995.  Net charge-off for the
period were $289 thousand, while the provision for loan losses charged
against income was $86 thousand.  Charge-off activity exceeded that of
the comparable prior year period and represented the resolution of
several credits that had been reserved for in previous periods.  Portfolio
delinquency at September 30, 1995 was 2.95% compared to 2.71% at
December 31, 1994.  Nonaccrual loans at September 30, 1995 were
$1.2 million compared to $765 thousand at December 31, 1995.  The
increase in nonaccrual loans reflects a small number of loans with
identifiable weaknesses that developed during 1995.  The following
table provides the detail of activity in the reserve for loan losses for
the nine months ended  September 30, 1995:

The following table depicts activity in the allowance for loan losses
and allocation of reserves for and at nine and twelve months ended
September, 30, 1995 and December 31, 1994, respectively.

ANALYSIS OF THE ALLOWANCE FOR LOAN LOSSES
9/30/95           12/31/94
Balance at beginning of period              1,127                  924
Charge-offs:
  Commercial                                  323                   98
  Consumer                                     79                   77
  Real estate                                  30                   77
    Total charge-offs                         432                  175
Recoveries:
  Commercial                                   118                   37
  Consumer                                     24                   18
    Total recoveries                           142                   55

Net charge-offs                               290                  120
Additions charged to operations                86                  323
Balance at end of period                      923                1,127

Ratio of net charge-offs to average loans
 outstanding                                  .50%                .20%

Allocation of the Allowance for Loan Losses
                        6/30/95    6/30/95        12/31/94    12/31/94
Loan Category         Amount    % of Loans      Amount      % of Loans
Commercial              251       57.24%          376         78.25%
Real estate              31       38.56%          121         17.12%
Consumer                  6        4.20%            4          4.63%
Unallocated             635        N/A            626          N/A
  Totals                923      100%           1,127        100%

The adoption and application of the Financial Accounting Standards Board's
Statement of Financial Accounting Standard (SFAS) No. 114, Accounting by
Creditors for Impairment of a Loan, as amended by Statement No. 118, Accounting
by Creditors for Impairment of a Loan-Income Recognition and Disclosures
(SFAS 114), does not have a material impact on the basis of presentation for
the aforementioned tables

Consolidated capital was $11.5 million at September 30, 1995, an
increase of $840 thousand, or 7.9%, over consolidated capital at
December 31, 1994.  The principal components of the increase in capital
were net income of $699 thousand and an increase of $271 thousand
in net unrealized gains on investment securities available for sale.
Dividends of $130 thousand have been paid as of September 30, 1995 and
since December 31, 1994.  In addition, the Board of Directors of Firs
Financial Bancorp have declared a $.05 per share dividend payable
November 30, 1995 to shareholders of record on November 15, 1995.
Total risk-based and leverage capital of the company's subsidiary,
Bank of Lodi, were 14.4% and 9.0%, respectively.

Results of Operation
Three Months Ended September 30, 1995

Earnings for the three months ended September 30, 1995 were $221
thousand, or $256 thousand more than the $35 thousand loss for the
comparable year ago quarter.  Return on average assets and average equity
were .88% and 7.8%, respectively.  The increase in earnings was driven
by an increase in SBA and mortgage income combined with lower 
operating expenses and a reduction in the provision for loan losses.

Net interest income was equal to the prior year quarter.  While average
earning assets declined by approximately $1.3 million, or 1.4%, net
interest margin increased by 8 basis points, to 5.53%, and offset
the impact of the decline in earning asset volume.  The yield on earning
assets exceeded the prior year yield by 66 basis points, while the cost of
deposits rose by 63 basis points.  Net interest income would have
exceeded that of the prior year quarter by $42 thousand if the mix of
earnings assets would have been constant.  Loans as a percentage of
average earning assets declined to 65% from 67%, while certificates of
deposit as a percentage of average deposits increased to 37% from 34%.

SBA and mortgage income increased by $29 thousand, or 26%, over the
prior year quarter.  The increase was attributable principally to an increase
 in the sales volume of the guaranteed portion of SBA loan origination's and
growth in loan servicing income.  Mortgage origination's continue to be
weaker than in recent years as a result of the level of interest rates and
weakness in the local economy.  Noninterest expenses declined by $395
thousand, or 26%, from the prior year quarter.  The prior year quarter contained
charges accrued to provide for costs associated with the management
transition that took place in the latter half of 1994.  Excluding those charges,
noninterest expenses increased by 2.4% over the prior year quarter.
Salaries and benefit expenses rose by $23 thousand, or 4.1%, reflecting full
staffing levels in the current year and, to a lesser extent, general increases
in wage levels.  The company's subsidiary, Bank of Lodi, received a $46
thousand refund of deposit insurance premiums from the FDIC
during the quarter.  The refund was the result of an 82.6% decrease in the
deposit insurance rate that was retroactive to May 1, 1995 and included
the subsequent period through September 30, 1995.  The refund
reduced other noninterest expenses.

Nine Months Ended September 30, 1995

Earnings for the nine months ended September 30, 1995 were $699
thousand, or $445 thousand more than the $254 thousand for the comparable
year ago period.  Return on average assets and average equity were .93% and
8.4%, respectively, compared to .34% and 3.16% for the prior year period.
The increase in earnings of 175% was driven by growth in net interest income,
a lower provision for loan losses, and a significant reduction in noninterest
expenses.  Noninterest income declined relative to the previous year.

Net interest income increased by $335 thousand, or 9.8%.  Net interest
margin increased by 53 basis points to 5.66%, while average earning assets
 declined by $340 thousand or .4%.  The yield on average earning assets
increased by 96 basis points while the cost of deposits and other funding
increased by 48 basis points.  Average loans outstanding as a percentage
of average earning assets declined to 65% from 69%, while average
certificates of deposit as a percentage of average deposits increased to 37%
from 34%.  Without the foregoing mix changes, net interest income would
have been approximately $151 thousand higher.

The provision for loan losses declined by $49 thousand, or 36%.  The
decline reflects general improvement in the credit quality of the loan
portfolio relative to the prior year period.  Asset quality and changes in the
allowance for loan losses are discussed under Changes in Financial Condition.

Noninterest income declined by $101 thousand, or 12%.  Service charge
income declined by $41 thousand due to lower returned item volumes.
SBA and mortgage income declined by $49 thousand due to lower SBA volume 
in the first six months of the year.  Although SBA volumes are generally 
down in 1995 due to increased competition in that sector of the lending 
environment and changes in the SBA program that delayed activity, some
of the decline is attributed to a reorganization of the SBA lending function
at the company's subsidiary, Bank of Lodi, that took place in early 1995.

Noninterest expenses declined by $443 thousand, or 11.7%. The prior year
period contained charges accrued to provide for costs associated with the
management transition that took place in the latter half of 1994.  Excluding
those charges, noninterest expenses declined by 1.1% over the prior
year period. The general decline in noninterest expenses exclusive of the
change related to the prior year transition reflects lower staffing levels in
the first part of 1995 relative to the previous year as well as widespread
efforts to control other noninterest expenses.  The disparity in staffing
levels was principally related to the management transition, and nearly all
open positions have now been filled.  The company's subsidiary, Bank of Lodi,
received a $46 thousand refund of deposit insurance premiums from the FDIC
during the third quarter.  The refund reflects an 82.6% decrease in the
deposit insurance premium rate that was retroactive to May 1, 1995
and included the subsequent period through September 30, 1995.
The refund reduced other noninterest expenses.

Basis of Presentation

First Financial Bancorp is the holding company for the Bank of Lodi, N. A..
In the opinion of management, the accompanying unaudited consolidated financial
statements reflect all adjustments (consisting only of normal recurring
accruals) necessary for a fair presentation of financial position as of the
dates indicated and results of operations for the periods shown.  All
material intercompany accounts and transactions have been eliminated in
consolidation.  In preparing the financial statements, management is required to
make estimates and assumptions that affect the reported amounts.  The results
for the nine months ended September 30, 1995 are not necessarily indicative
of the results which may be expected for the year ended December 31, 1995.
The unaudited consolidated financial statements presented herein should be
read in conjunction with the consolidated financial statements and notes
included in the 1994 Annual Report to Shareholders.
PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
Not Applicable.

ITEM 2.  CHANGES IN SECURITIES
Not Applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
Not Applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Company's Annual Meeting of Shareholders was held on April 25, 1995.  The 
purpose of the meeting was to elect the Company's board of directors and approve
an amendment to the 1991 Director Stock Option Plan.  The following directors
were elected based upon the votes cast as indicated:

<TABLE>
<CAPTION>
                        Votes       Votes             Votes
Director                "for"       "against"         "withheld"
<S>                     <C>         <C>               <C>
Bozant Katzakian        769,857     0                 26,494
Angelo J. Anagnos       769,416     0                 26,935
Daniel R. Anderson      769,725     0                 26,626
Raymond H. Coldani      769,725     0                 26,626
Benjamin R. Goehring    769,593     0                 26,758
Michael D. Ramsey       769,725     0                 26,626
Frank M. Sasaki         769,857     0                 26,494
Weldon D. Schumacher    769,593     0                 26,758
Dennis R. Swanson       769,196     0                 27,155
</TABLE>
The amendment to the 1991 Director Stock Option Plan was approved
based upon the following votes cast as indicated:

For:  716,512           Against:  29,889              Abstain:  49,950

There were 1,306,446 shares issued and outstanding as of the record
date, March 1, 1995.

ITEM 5.  OTHER INFORMATION
Not applicable.
Page 7
<PAGE>

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
<TABLE>
(a)  EXHIBITS
<CAPTION>
Exhibit Number
<S>    <C>
2      Not applicable.
4      Registrant's current Bylaws.
10     Post Effective Amendment No. 1 to Form S8 Registration Statement
       (File Number 3340954).
11     Primary and fully diluted earnings per common and common
       equivalent share are calculated by dividing net income by the
       weighted-average number of common and common share equivalents
       outstanding during the period.  Stock options are considered
       common share equivalents for this calculation.  Weighted average
       shares used in the computation of primary and fully diluted
       earnings per share were 1,312,955 and 1,316,182, respectively
       for the quarter ended June 30, 1995.  Weighted average shares
       used in the computation of both primary and fully diluted earnings
       per share were 1,306,007 for the quarter ended June 30, 1994.
15     Not applicable.
16     Not applicable.
18     Not applicable.
19     Not applicable.
20     Not applicable.
23     Not applicable.
24     Not applicable.
25     Not applicable.
27     Financial Data Schedule (filed electronically).
28     Not applicable.
</TABLE>
(b)  REPORTS ON FORM 8-K

On November 3, 1995, the company filed a Form 8-K dated November 3, 1995
regarding earnings for thethird quarter of 1995 and the declaration of
a cash dividend.

Page 8
<PAGE>
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

FIRST FINANCIAL BANCORP

/s/ David M. Philipp
David M. Philipp
Senior Vice-President
Chief Financial Officer
Corporate Secretary
Dated May 15, 1995

Page 9