10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

Or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to            

Commission File Number 001-11138

First Commonwealth Financial Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania	25-1428528
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
601 Philadelphia Street, Indiana, PA	15701
(Address of principal executive offices)	(Zip Code)

724-349-7220

(Registrant’s telephone number, including area code)

N/A

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

Indicate by a 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.    Yes  x    No  ¨.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  ¨    Accelerated filer  x    Smaller reporting company  ¨    Non-accelerated filer  ¨

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The number of shares outstanding of issuer’s common stock, $1.00 par value, as of August 5, 2013, was 96,442,161.

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

FORM 10-Q

INDEX

		PAGE
PART I.	Financial Information
ITEM 1.	Financial Statements and Supplementary Data
	Included in Part I of this report:
	First Commonwealth Financial Corporation and Subsidiaries
	Condensed Consolidated Statements of Financial Condition (Unaudited)	3
	Condensed Consolidated Statements of Income (Unaudited)	4
	Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)	5
	Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows (Unaudited)	7
	Notes to Unaudited Condensed Consolidated Financial Statements	8
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	39
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	58
ITEM 4.	Controls and Procedures	58
PART II.	Other Information
ITEM 1.	Legal Proceedings	59
ITEM 1A.	Risk Factors	59
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	60
ITEM 3.	Defaults Upon Senior Securities	60
ITEM 4.	Mine Safety Disclosures	60
ITEM 5.	Other Information	60
ITEM 6.	Exhibits	61
	Signatures	62

2

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)

	June 30, 2013			December 31, 2012
	(dollars in thousands, except share data)
Assets
Cash and due from banks	$	77,485		$	98,724
Interest-bearing bank deposits	4,497			4,258
Securities available for sale, at fair value	1,306,687			1,171,303
Other investments	33,913			28,228
Loans:
Portfolio loans	4,229,752			4,204,704
Allowance for credit losses	(57,452		)	(67,187		)
Net loans	4,172,300			4,137,517
Premises and equipment, net	67,751			68,970
Other real estate owned	15,603			11,262
Goodwill	159,956			159,956
Amortizing intangibles, net	1,721			2,375
Bank owned life insurance	172,346			170,925
Other assets	140,757			141,872
Total assets	$	6,153,016		$	5,995,390
Liabilities
Deposits (all domestic):
Noninterest-bearing	$	900,940		$	883,269
Interest-bearing	3,832,107			3,674,612
Total deposits	4,733,047			4,557,881
Short-term borrowings	441,848			356,227
Subordinated debentures	72,167			105,750
Other long-term debt	144,615			174,471
Total long-term debt	216,782			280,221
Other liabilities	50,664			55,054
Total liabilities	5,442,341			5,249,383
Shareholders’ Equity
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued	—			—
Common stock, $1 par value per share, 200,000,000 shares authorized; 105,563,455 shares issued at June 30, 2013 and December 31, 2012, and 96,442,161 and 99,629,494 shares outstanding at June 30, 2013 and December 31, 2012, respectively	105,563			105,563
Additional paid-in capital	365,352			365,354
Retained earnings	321,135			315,608
Accumulated other comprehensive (loss) income, net	(16,722		)	1,259
Treasury stock (9,121,294 and 5,933,961 shares at June 30, 2013 and December 31, 2012, respectively)	(64,653		)	(41,777		)
Total shareholders’ equity	710,675			746,007
Total liabilities and shareholders’ equity	$	6,153,016		$	5,995,390

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data (Continued)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	For the Three-Months Ended						For the Six-Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(dollars in thousands, except share data)
Interest Income
Interest and fees on loans	$	43,629		$	46,408		$	88,243		$	94,448
Interest and dividends on investments:
Taxable interest	7,319			8,279			14,428			16,828
Interest exempt from federal income taxes	1			5			2			10
Dividends	30			19			66			40
Interest on bank deposits	2			1			3			2
Total interest income	50,981			54,712			102,742			111,328
Interest Expense
Interest on deposits	4,007			5,643			8,198			11,890
Interest on short-term borrowings	287			279			507			506
Interest on subordinated debentures	580			1,422			1,964			2,855
Interest on other long-term debt	409			450			957			989
Total interest on long-term debt	989			1,872			2,921			3,844
Total interest expense	5,283			7,794			11,626			16,240
Net Interest Income	45,698			46,918			91,116			95,088
Provision for credit losses	10,800			4,297			15,297			8,084
Net Interest Income after Provision for Credit Losses	34,898			42,621			75,819			87,004
Noninterest Income
Changes in fair value on impaired securities	2,841			(1,323		)	4,705			175
Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)	(2,841		)	1,323			(4,705		)	(175		)
Net impairment losses	—			—			—			—
Net securities gains	4			—			8			—
Trust income	1,608			1,607			3,271			3,149
Service charges on deposit accounts	3,815			3,737			7,216			7,239
Insurance and retail brokerage commissions	1,384			1,670			2,801			3,094
Income from bank owned life insurance	1,432			1,459			2,860			2,904
Gain on sale of assets	425			1,444			700			3,559
Card related interchange income	3,490			3,285			6,678			6,399
Other income	2,773			2,894			6,282			7,132
Total noninterest income	14,931			16,096			29,816			33,476
Noninterest Expense
Salaries and employee benefits	21,497			22,363			43,290			44,121
Net occupancy expense	3,221			3,303			6,856			6,707
Furniture and equipment expense	3,297			3,024			6,569			6,208
Data processing expense	1,503			1,796			3,019			3,359
Pennsylvania shares tax expense	1,517			1,510			2,707			2,693
Intangible amortization	297			371			655			742
Collection and repossession expense	851			670			2,002			3,369
Other professional fees and services	948			940			1,917			2,139
FDIC insurance	1,084			1,262			2,134			2,499
Loss on redemption of subordinated debt	1,629			—			1,629			—
Other operating expenses	6,154			6,609			12,674			16,763
Total noninterest expense	41,998			41,848			83,452			88,600
Income Before Income Taxes	7,831			16,869			22,183			31,880
Income tax provision	2,015			4,548			5,814			8,508
Net Income	$	5,816		$	12,321		$	16,369		$	23,372
Average Shares Outstanding	97,564,699			104,894,261			98,421,956			104,852,494
Average Shares Outstanding Assuming Dilution	97,577,010			104,901,239			98,429,223			104,855,543
Per Share Data:
Basic Earnings per Share	$	0.06		$	0.12		$	0.17		$	0.22
Diluted Earnings per Share	$	0.06		$	0.12		$	0.17		$	0.22
Cash Dividends Declared per Common Share	$	0.06		$	0.05		$	0.11		$	0.08

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited)

	For the Three-Months Ended						For the Six-Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(dollars in thousands)
Net Income	$	5,816		$	12,321		$	16,369		$	23,372
Other comprehensive (loss) income, before tax expense:
Unrealized holding (losses) gains on securities arising during the period	(28,071		)	998			(32,346		)	1,097
Non-credit related gains (losses) on securities not expected to be sold	2,841			(1,323		)	4,705			175
Less: reclassification adjustment for gains on securities included in net income	(4		)	—			(8		)	—
Total other comprehensive (loss) income, before tax expense	(25,234		)	(325		)	(27,649		)	1,272
Income tax benefit (expense) related to items of other comprehensive income	8,824			119			9,668			(439		)
Total other comprehensive (loss) income	$	(16,410	)	$	(206	)	$	(17,981	)	$	833
Comprehensive (Loss) Income	$	(10,594	)	$	12,115		$	(1,612	)	$	24,205

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

	Shares Outstanding		Common Stock		Additional Paid-in- Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss), net			Treasury Stock			Unearned ESOP Shares		Total Shareholders’ Equity
	(dollars in thousands, except per share data)
Balance at December 31, 2012	99,629,494		$	105,563	$	365,354		$	315,608		$	1,259		$	(41,777	)	$	—	$	746,007
Net income								16,369											16,369
Other comprehensive loss											(17,981		)						(17,981		)
Cash dividends declared ($0.11 per share)								(10,842		)									(10,842		)
Discount on dividend reinvestment plan purchases					(55		)												(55		)
Treasury stock acquired	(3,267,692	)												(23,247		)			(23,247		)
Treasury stock reissued	25,359							—						176					176
Restricted stock	55,000		—		53			—						195					248
Balance at June 30, 2013	96,442,161		$	105,563	$	365,352		$	321,135		$	(16,722	)	$	(64,653	)	$	—	$	710,675

	Shares Outstanding		Common Stock		Additional Paid-in- Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss), net		Treasury Stock			Unearned ESOP Shares			Total Shareholders’ Equity
	(dollars in thousands, except per share data)
Balance at December 31, 2011	104,916,994		$	105,563	$	365,868		$	294,056		$	2,001	$	(7,345	)	$	(1,600	)	$	758,543
Net income								23,372											23,372
Other comprehensive income											833								833
Cash dividends declared ($0.08 per share)								(8,402		)									(8,402		)
Net decrease in unearned ESOP shares																1,000			1,000
ESOP market value adjustment ($477, net of $167 tax benefit)					(310		)												(310		)
Discount on dividend reinvestment plan purchases					(42		)												(42		)
Tax benefit of stock options exercised					1														1
Treasury stock acquired	(469,700	)											(3,045		)				(3,045		)
Treasury stock reissued	57,552				—			(296		)			650						354
Restricted stock	224,000		—		24			(1,264		)			1,426						186
Balance at June 30, 2012	104,728,846		$	105,563	$	365,541		$	307,466		$	2,834	$	(8,314	)	$	(600	)	$	772,490

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	For the Six-Months Ended
	June 30,
	2013			2012
	(dollars in thousands)
Operating Activities
Net income	$	16,369		$	23,372
Adjustment to reconcile net income to net cash provided by operating activities:
Provision for credit losses	15,297			8,084
Deferred tax expense	3,848			1,934
Depreciation and amortization	4,736			3,800
Net losses (gains) on securities and other assets	418			(522		)
Net amortization of premiums and discounts on securities	1,162			717
Net amortization of premiums and discounts on long term debt	(58		)	(56		)
Income from increase in cash surrender value of bank owned life insurance	(2,860		)	(2,904		)
Decrease in interest receivable	606			1,031
Decrease in interest payable	(1,284		)	(951		)
(Decrease) increase in income taxes payable	(250		)	7,042
Decrease in prepaid FDIC insurance	9,205			2,328
Other-net	(3,497		)	(6,273		)
Net cash provided by operating activities	43,692			37,602
Investing Activities
Transactions with securities available for sale:
Proceeds from sales	42			—
Proceeds from maturities and redemptions	195,806			276,167
Purchases	(360,010		)	(292,056		)
Purchases of FHLB stock	(10,670		)	—
Proceeds from the redemption of FHLB stock	4,984			3,880
Proceeds from bank owned life insurance	1,439			1,408
Proceeds from sale of loans	20,348			15,981
Proceeds from sales of other assets	2,853			10,971
Net increase in loans	(77,496		)	(125,567		)
Purchases of premises and equipment	(3,106		)	(4,022		)
Net cash used in investing activities	(225,810		)	(113,238		)
Financing Activities
Net decrease in federal funds purchased	(24,000		)	(26,300		)
Net increase in other short-term borrowings	109,621			187,787
Net increase (decrease) in deposits	175,186			(42,692		)
Repayments of other long-term debt	(29,797		)	(25,238		)
Repayments of subordinated debentures	(34,702		)	—
Discount on dividend reinvestment plan purchases	(55		)	(42		)
Dividends paid	(10,842		)	(8,402		)
Proceeds from reissuance of treasury stock	176			354
Purchase of treasury stock	(24,469		)	(1,812		)
Stock option tax benefit	—			1
Net cash provided by financing activities	161,118			83,656
Net (decrease) increase in cash and cash equivalents	(21,000		)	8,020
Cash and cash equivalents at January 1	102,982			78,478
Cash and cash equivalents at June 30	$	81,982		$	86,498

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

7

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 Basis of Presentation

The accounting and reporting policies of First Commonwealth Financial Corporation and its subsidiaries (“First Commonwealth” or “Company”) conform with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported in the financial statements and accompanying notes. Actual realized amounts could differ from those estimates. In the opinion of management, the unaudited interim condensed consolidated financial statements include all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of First Commonwealth’s financial position, results of operations, cash flows and changes in shareholders’ equity as of and for the periods presented.

The results of operations for the six-months endedJune 30, 2013 are not necessarily indicative of the results that may be expected for the full year of 2013. These interim financial statements should be read in conjunction with First Commonwealth’s 2012 Annual Report on Form 10-K which is available on First Commonwealth’s website at http://www.fcbanking.com.

For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold and interest-bearing bank deposits. Generally, federal funds are sold for one-day periods.

Note 2 Supplemental Comprehensive Income Disclosures

The following table identifies the related tax effects allocated to each component of other comprehensive income (“OCI”) in the Condensed Consolidated Statements of Comprehensive Income. Reclassification adjustments related to securities available for sale are included in the "Net securities gains" line in the Condensed Consolidated Statements of Income. The non-credit related (losses) gains on securities not expected to be sold are included in the "Noninterest Income" section of the Condensed Consolidated Statements of Income.

	For the Six-Months Ended June 30
	2013									2012
	Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pretax Amount		Tax (Expense) Benefit			Net of Tax Amount
	(dollars in thousands)
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on securities arising during the period	$	(32,346	)	$	11,312		$	(21,034	)	$	1,097	$	(378	)	$	719
Non-credit related gains on securities not expected to be sold	4,705			(1,647		)	3,058			175		(61		)	114
Reclassification adjustment for gains on securities included in net income	(8		)	3			(5		)	—		—			—
Total available for sale     securities	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833
Total other comprehensive (loss) income	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833

8

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

	For the Three-Months Ended June 30
	2013									2012
	Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount
	(dollars in thousands)
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on securities arising during the period	$	(28,071	)	$	9,817		$	(18,254	)	$	998		$	(344	)	$	654
Non-credit related gains (losses) on securities not expected to be sold	2,841			(995		)	1,846			(1,323		)	463			(860		)
Reclassification adjustment for gains on securities included in net income	(4		)	2			(2		)	—			—			—
Total available for sale     securities	$	(25,234	)	$	8,824		$	(16,410	)	$	(325	)	$	119		$	(206	)
Total other comprehensive loss	$	(25,234	)	$	8,824		$	(16,410	)	$	(325	)	$	119		$	(206	)

The following table details the change in components of OCI for the six-months endedJune 30:

	2013								2012
	Securities Available for Sale			Post-Retirement Obligation		Accumulated Other Comprehensive Income			Securities Available for Sale		Post-Retirement Obligation		Accumulated Other Comprehensive Income
	(dollars in thousands)
Balance at December 31	$	1,121		$	138	$	1,259		$	1,669	$	332	$	2,001
Other comprehensive (loss) income before reclassification adjustment	(21,034		)	—		(21,034		)	719		—		719
Amounts reclassified from accumulated other comprehensive income (loss)	3,053			—		3,053			114		—		114
Net other comprehensive (loss) income during the period	(17,981		)	—		(17,981		)	833		—		833
Balance at June 30	$	(16,860	)	$	138	$	(16,722	)	$	2,502	$	332	$	2,834

Note 3 Supplemental Cash Flow Disclosures

The following table presents information related to cash paid during the period for interest and income taxes as well as detail on non-cash investing and financing activities for the six-months endedJune 30:

	2013			2012
	(dollars in thousands)
Cash paid during the period for:
Interest	$	12,990		$	17,278
Income taxes	2,200			5,700
Non-cash investing and financing activities:
ESOP loan reductions	$	—		$	1,000
Loans transferred to other real estate owned and repossessed assets	7,371			3,227
Loans transferred from held to maturity to held for sale	20,135			—
Gross (decrease) increase in market value adjustment to securities available for sale	(27,625		)	1,254
Unsettled treasury stock repurchases	—			1,233

9

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 4 Earnings per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
Weighted average common shares issued	105,563,455		105,563,455		105,563,455		105,563,455
Average treasury shares	(7,823,276	)	(410,247	)	(6,968,649	)	(476,286	)
Averaged unearned ESOP shares	—		(50,170	)	—		(67,580	)
Average unearned nonvested shares	(175,480	)	(208,777	)	(172,850	)	(167,095	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,564,699		104,894,261		98,421,956		104,852,494
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	12,311		6,978		7,267		3,049
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	97,577,010		104,901,239		98,429,223		104,855,543

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the six-months endedJune 30 because to do so would have been antidilutive.

	2013					2012
		Price Range					Price Range
	Shares	From		To		Shares	From		To
Stock Options	40,210	$	9.59	$	14.55	329,866	$	6.36	$	14.55
Restricted Stock	92,059	5.96		7.35		96,113	5.96		6.82

Note 5 Variable Interest Entities

As defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810-10, a Variable Interest Entity (“VIE”) is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. Under ASC 810-10, an entity that holds a variable interest in a VIE is required to consolidate the VIE if the entity is deemed to be the primary beneficiary, which generally means it is subject to a majority of the risk of loss from the VIE’s activities, is entitled to receive a majority of the entity’s residual returns, or both.

First Commonwealth’s VIEs are evaluated under the guidance included in FASB Accounting Standards Update (“ASU”) 2009-17. These VIEs include qualified affordable housing projects that First Commonwealth has invested in as part of its community reinvestment initiatives. We periodically assess whether or not our variable interests in the VIE, based on qualitative analysis, provide us with a controlling interest in the VIE. The analysis includes an assessment of the characteristics of the VIE. We do not have a controlling financial interest in the VIE, which would require consolidation of the VIE, as we do not have the following characteristics: (1) the power to direct the activities that most significantly impact the VIE’s economic performance; and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

First Commonwealth’s maximum potential exposure is equal to its carrying value and is summarized in the table below:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Low Income Housing Limited Partnership Investments	$	272	$	347

10

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 6 Commitments and Contingent Liabilities

Commitments and letters of credit

Standby letters of credit and commercial letters of credit are conditional commitments issued by First Commonwealth to guarantee the performance of a customer to a third party. The contract or notional amount of these instruments reflects the maximum amount of future payments that First Commonwealth could be required to pay under the guarantees if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from collateral held or pledged. In addition, many of these commitments are expected to expire without being drawn upon; therefore, the total commitment amounts do not necessarily represent future cash requirements.

The following table identifies the notional amount of those instruments at:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	1,542,449	$	1,506,618
Financial standby letters of credit	40,677		47,185
Performance standby letters of credit	44,389		69,240
Commercial letters of credit	—		685

The notional amounts outstanding as of June 30, 2013 include amounts issued in 2013 of $46 thousand in financial standby letters of credit and $0.5 million in performance standby letters of credit. There were no commercial letters of credit issued during 2013. A liability of $0.1 million and $0.2 million has been recorded as of June 30, 2013 and December 31, 2012, respectively, which represents the estimated fair value of letters of credit issued. The fair value of letters of credit is estimated based on the unrecognized portion of fees received at the time the commitment was issued.

Unused commitments and letters of credit provide exposure to future credit loss in the event of nonperformance by the borrower or guaranteed parties. Management’s evaluation of the credit risk in these commitments resulted in the recording of a liability of $2.3 million as of June 30, 2013 and $2.4 million as of December 31, 2012. The credit risk evaluation incorporated probability of default, loss given default and estimated utilization for the next twelve months for each loan category and the letters of credit.

Legal proceedings

McGrogan v. First Commonwealth Bank is a class action that was filed on January 12, 2009, in the Court of Common Pleas of Allegheny County, Pennsylvania. The action alleges that First Commonwealth Bank (the “Bank”) promised class members a minimum interest rate of 8% on its IRA Market Rate Savings Account for as long as the class members kept their money on deposit in the IRA account. The class asserts that the Bank committed fraud, breached its modified contract with the class members, and violated the Pennsylvania Unfair Trade Practice and Consumer Protection Law when it resigned as custodian of the IRA Market Rate Savings Accounts in 2008 and offered the class members a roll-over IRA account with a 3.5% interest rate. At that time, there were 237 account holders with an average age of 64, and the aggregate balances in the IRA Market Rate Savings accounts totaled approximately $11.5 million. Plaintiffs seek monetary damages for the alleged breach of contract, punitive damages for the alleged fraud and Unfair Trade Practice and Consumer Protection Law violations and attorney’s fees. On July 27, 2011, the court granted class certification as to the breach of modified contract claim and denied class certification as to the fraud and Pennsylvania Unfair Trade Practice and Consumer Protection Law claims. The breach of contract claim is predicated upon a letter sent to customers in 1998 which reversed an earlier decision by the Bank to reduce the rate paid on the accounts. The letter stated, in relevant part, “This letter will serve as notification that a decision has been made to re-establish the rate on your account to eight percent (8)%. This rate will be retroactive to your most recent maturity date and will continue going forward on deposits presently in the account and on annual additions.” On August 30, 2012, the Court entered an order granting the Bank’s motion for summary judgment and dismissing the class action claims. The Court found that the Bank retained the right to resign as custodian of the accounts and that the act of resigning as custodian and closing the accounts did not breach the terms of the underlying IRA contract. The Plaintiffs have filed an appeal with the Pennsylvania Superior Court. The appeal was argued before the Superior Court on May 7, 2013.  A decision is currently pending.

11

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Other matters

First Commonwealth identified an error related to historical tax reporting for approximately 700-900 customers. A liability related to this error is considered probable, resulting in the establishment of an $0.8 million contingency reserve as of June 30, 2013. The total $0.8 million reserve for this issue represents management's best estimate of liability as resolution of this issue is in the initial stages. The contingent reserve is included in “Other liabilities” in the Condensed Consolidated Statements of Financial Condition.

There are no other material legal proceedings to which First Commonwealth or its subsidiaries are a party, or of which their property is the subject, except proceedings which arise in the normal course of business and, in the opinion of management, will not have a material adverse effect on the consolidated operations or financial position of First Commonwealth or its subsidiaries.

Note 7 Investment Securities

Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:

	June 30, 2013									December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	25,119	$	2,944	$	(27	)	$	28,036	$	27,883	$	3,781	$	—		$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	981,279		14,549		(17,643		)	978,185		839,102		25,691		(392		)	864,401
Mortgage-Backed Securities – Commercial	125		1		—			126		148		1		—			149
Other Government-Sponsored Enterprises	267,966		311		(2,981		)	265,296		241,970		766		(72		)	242,664
Obligations of States and Political Subdivisions	81		2		—			83		82		4		—			86
Corporate Securities	6,698		312		(26		)	6,984		6,703		288		—			6,991
Pooled Trust Preferred Collateralized Debt Obligations	49,531		422		(24,084		)	25,869		51,866		3		(28,496		)	23,373
Total Debt Securities	1,330,799		18,541		(44,761		)	1,304,579		1,167,754		30,534		(28,960		)	1,169,328
Equities	1,820		288		—			2,108		1,859		116		—			1,975
Total Securities Available for Sale	$	1,332,619	$	18,829	$	(44,761	)	$	1,306,687	$	1,169,613	$	30,650	$	(28,960	)	$	1,171,303

12

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The amortized cost and estimated fair value of debt securities available for sale at June 30, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or repay obligations with or without call or prepayment penalties.

	Amortized Cost		Estimated Fair Value
	(dollars in thousands)
Due within 1 year	$	28,081	$	28,265
Due after 1 but within 5 years	239,966		237,114
Due after 5 but within 10 years	—		—
Due after 10 years	56,229		32,853
	324,276		298,232
Mortgage-Backed Securities (a)	1,006,523		1,006,347
Total Debt Securities	$	1,330,799	$	1,304,579

(a) Mortgage Backed Securities include an amortized cost of $25.1 million and a fair value of $28.0 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $981.4 million and a fair value of $978.3 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac.

Proceeds from sales, gross gains (losses) realized on sales, maturities and other-than-temporary impairment charges related to securities available for sale were as follows for the six-months endedJune 30:

	2013		2012
	(dollars in thousands)
Proceeds from sales	$	42	$	—
Gross gains (losses) realized:
Sales Transactions:
Gross gains	$	4	$	—
Gross losses	—		—
	4		—
Maturities and impairment
Gross gains	4		—
Gross losses	—		—
Other-than-temporary impairment	—		—
	4		—
Net gains and impairment	$	8	$	—

Securities available for sale with an estimated fair value of $645.6 million and $631.0 million were pledged as of June 30, 2013 and December 31, 2012, respectively, to secure public deposits and for other purposes required or permitted by law.

Note 8 Other Investments

As a member of the Federal Home Loan Bank (“FHLB”), First Commonwealth is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The level of stock required to be held is dependent on the amount of First Commonwealth's mortgage related assets and outstanding borrowings with the FHLB. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. As of June 30, 2013 and December 31, 2012, our FHLB stock totaled $33.9 million and $28.2 million, respectively and is included in “Other investments” on the Condensed Consolidated Statements of Financial Condition.

During 2013 and 2012, the FHLB repurchased excess stock from its members by repurchasing the lessor of 5% of the members’ total capital stock outstanding or its total excess capital stock. As a result, during the six-months endedJune 30, 2013 and 2012, $5.0 million and $3.9 million, respectively of the stock owned by First Commonwealth was repurchased. The FHLB repurchased stock and paid dividends in 2013 and 2012, however, decisions regarding any future repurchase of excess

13

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

capital stock and dividend payments will be made by the FHLB on a quarterly basis. Management reviewed the FHLB’s Form 10-Q for the period ended March 31, 2013 filed with the SEC on May 8, 2013.

FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. First Commonwealth evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects our view of the FHLB’s long-term performance, which includes factors such as the following:

• its operating performance;

• the severity and duration of declines in the fair value of its net assets related to its capital stock amount;

• its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance;

• the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of FHLB; and

• its liquidity and funding position.

After evaluating all of these considerations, First Commonwealth concluded that the par value of its investment in FHLB stock will be recovered. Accordingly, no impairment charge was recorded on these securities for the six-months endedJune 30, 2013. Our evaluation of the factors described above in future periods could result in the recognition of impairment charges on FHLB stock.

Note 9 Impairment of Investment Securities

As required by FASB ASC Topic 320, “Investments – Debt and Equity Securities,” credit related other-than-temporary impairment on debt securities is recognized in earnings while non-credit related other-than-temporary impairment on debt securities not expected to be sold is recognized in OCI. During the six-months endedJune 30, 2013 and 2012, no other-than-temporary impairment charges were recognized. For the six-months endedJune 30, 2013, $4.7 million in non-credit related gains on our trust preferred collateralized debt obligations that were determined to be impaired in previous periods was recorded in OCI. For the same period in 2012, $0.2 million in non-credit related gains for the same pool of securities was recorded in OCI. All of the securities for which other-than-temporary impairment was recorded were classified as available for sale securities.

First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on equity securities.

In the Condensed Consolidated Statements of Income, the “Changes in fair value on impaired securities” line represents the change in fair value of securities impaired in the current or previous periods. The change in fair value includes both non-credit and credit related gains or losses. Credit related losses occur when the entire amortized cost of the security will not be recovered. The “Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)” line represents the gains and losses on the securities resulting from factors other than credit. The non-credit related gain or loss is disclosed in the Condensed Consolidated Statements of Income and recognized through other comprehensive income. The “Net impairment losses” line represents the credit related losses recognized in total noninterest income for the related period.

We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and whether we are more likely than not to sell the security. We evaluate whether we are more likely than not to sell debt securities based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy, tax position and interest rate risk position. In addition, the risk of future other-than-temporary impairment may be influenced by additional bank failures, weakness in the U.S. economy, changes in real estate values and additional interest deferrals in our pooled trust preferred collateralized debt obligations. Our pooled trust preferred collateralized debt obligations are beneficial interests in securitized financial assets within the scope of FASB ASC Topic 325, “Investments – Other,” and are therefore evaluated for other-than-temporary impairment using management’s best estimate of future cash flows. If these estimated cash flows indicate that it is probable that an adverse change in cash flows has occurred, then other-than-temporary impairment would be recognized in accordance with FASB ASC Topic 320. There is a risk that First Commonwealth will record other-than-temporary impairment charges in the future. See Note 12, “Fair Values of Assets and Liabilities,” for additional information.

14

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table presents the gross unrealized losses and estimated fair values at June 30, 2013 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More					Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	2,096	$	(27	)	$	—	$	—		$	2,096	$	(27	)
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	$	550,385	$	(17,643	)	$	—	$	—		$	550,385	$	(17,643	)
Other Government-Sponsored Enterprises	$	186,985	$	(2,981	)	$	—	$	—		$	186,985	$	(2,981	)
Corporate Securities	4,798		(26		)	—		—			4,798		(26		)
Pooled Trust Preferred Collateralized Debt Obligations	$	33	$	(23	)	$	21,706	$	(24,061	)	$	21,739	$	(24,084	)
Total Securities Available for Sale	$	744,297	$	(20,700	)	$	21,706	$	(24,061	)	$	766,003	$	(44,761	)

At June 30, 2013, pooled trust preferred collateralized debt obligations accounted for 54% of the unrealized losses, while fixed income securities issued by U.S. Government-sponsored enterprises comprised 46% of total unrealized losses. The unrealized losses related to U.S. Government-sponsored enterprises are the result of interest rate movements. There were no equity securities in an unrealized loss position at June 30, 2013.

The following table presents the gross unrealized losses and estimated fair values at December 31, 2012 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More						Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses				Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	—	$	—		$	13	$	—		(a)	$	13	$	—
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	76,296		(392		)	21		—			(a)	76,317		(392		)
Other Government-Sponsored Enterprises	59,303		(72		)	—		—				59,303		(72		)
Pooled Trust Preferred Collateralized Debt Obligations	—		—			23,316		(28,496		)		23,316		(28,496		)
Total Securities Available for Sale	$	135,599	$	(464	)	$	23,350	$	(28,496	)		$	158,949	$	(28,960	)

(a) Gross unrealized losses related to these types of securities are less than $1 thousand.

As of June 30, 2013 and December 31, 2012, our corporate securities had an amortized cost and an estimated fair value of $6.7 million and $7.0 million, and were comprised of single issue trust preferred securities issued primarily by large regional banks. When unrealized losses exist on these investments, management reviews each of the issuer’s asset quality, earnings trend and capital position, to determine whether issues in an unrealized loss position were other-than-temporarily impaired. All interest payments on the corporate securities are being made as contractually required.

As of June 30, 2013, the book value of our pooled trust preferred collateralized debt obligations totaled $49.5 million with an estimated fair value of $25.9 million, which includes securities comprised of 309 banks and other financial institutions. One of our pooled securities is a senior tranche and the remainders are mezzanine tranches, four of which have no senior class remaining in the issue. One of the pooled issues, representing $2 thousand of the $49.5 million book value, remain above investment grade. At the time of initial issue, the subordinated tranches ranged in size from approximately 7% to 35% of the total principal amount of the respective securities and no more than 5% of any pooled security consisted of a security issued by any one institution. As of June 30, 2013, after taking into account management’s best estimates of future interest deferrals and

15

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

defaults, seven of our securities had no excess subordination in the tranches we own and four of our securities had excess subordination which ranged from 10% to 51% of the current performing collateral.

The following table provides information related to our pooled trust preferred collateralized debt obligations as of June 30, 2013:

Deal	Class	Book Value		Estimated Fair Value		Unrealized Gain (Loss)			Moody’s/ Fitch Ratings	Number of Banks	Deferrals and Defaults as a % of Current Collateral		Excess Subordination as a % of Current Performing Collateral
(dollars in thousands)
Pre TSL I	Senior	$	2	$	2	$	—		Aa3/A	9	33.33	%	NM
Pre TSL IV	Mezzanine	1,830		1,206		(624		)	Caa2/CCC	6	18.05		50.84
Pre TSL V	Mezzanine	56		33		(23		)	C/–	3	100.00		—
Pre TSL VII	Mezzanine	3,705		4,127		422			Ca/C	15	52.80		—
Pre TSL VIII	Mezzanine	1,898		1,022		(876		)	C/C	30	58.01		—
Pre TSL IX	Mezzanine	2,286		1,041		(1,245		)	Ca/C	44	27.04		9.94
Pre TSL X	Mezzanine	1,333		1,253		(80		)	Ca/C	47	34.92		—
Pre TSL XII	Mezzanine	5,357		2,762		(2,595		)	Ca/C	70	31.25		—
Pre TSL XIII	Mezzanine	12,451		6,662		(5,789		)	Ca/C	61	28.88		20.84
Pre TSL XIV	Mezzanine	13,421		5,611		(7,810		)	Ca/C	59	37.00		32.29
MMCap I	Mezzanine	644		492		(152		)	Ca/C	12	62.77		—
MM Comm IX	Mezzanine	6,548		1,658		(4,890		)	Ca/CC	27	44.41		—
Total		$	49,531	$	25,869	$	(23,662	)

Lack of liquidity in the market for trust preferred collateralized debt obligations, credit rating downgrades and market uncertainties related to the financial industry are factors contributing to the impairment on these securities.

On a quarterly basis we evaluate our debt securities for other-than-temporary impairment. During the three- and six-months endedJune 30, 2013 and 2012, there were no credit related other-than-temporary impairment charges recognized on our pooled trust preferred collateralized debt obligations. When evaluating these investments we determine a credit related portion and a non-credit related portion of other-than-temporary impairment. The credit related portion is recognized in earnings and represents the difference between book value and the present value of future cash flows. The non-credit related portion is recognized in OCI and represents the difference between the fair value of the security and the amount of credit related impairment. A discounted cash flow analysis provides the best estimate of credit related other-than-temporary impairment for these securities.

Additional information related to the discounted cash flow analysis follows:

Our pooled trust preferred collateralized debt obligations are measured for other-than-temporary impairment within the scope of FASB ASC Topic 325 by determining whether it is probable that an adverse change in estimated cash flows has occurred. Determining whether there has been an adverse change in estimated cash flows from the cash flows previously projected involves comparing the present value of remaining cash flows previously projected against the present value of the cash flows estimated at June 30, 2013. We consider the discounted cash flow analysis to be our primary evidence when determining whether credit related other-than-temporary impairment exists.

Results of a discounted cash flow test are significantly affected by other variables such as the estimate of future cash flows, credit worthiness of the underlying banks and determination of probability of default of the underlying collateral. The following provides additional information for each of these variables:

• Estimate of Future Cash Flows – Cash flows are constructed in an INTEX cash flow model which includes each deal’s structural features. Projected cash flows include prepayment assumptions which are dependent on the issuer's asset size and coupon rate. For collateral issued by financial institutions over $15 billion in asset size with a coupon over 7%, a 100% prepayment rate is assumed. Financial institutions over $15 billion with a coupon of 7% or under are assigned a prepayment rate of 40% for two years and 2% thereafter. Financial institutions with assets between $2 billion and $15

16

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

billion with coupons over 7% are assigned a 5% prepayment rate. For financial institutions below $2 billion, if the coupon is over 10%, a prepayment rate of 5% is assumed and for all other issuers, there is no prepaymentassumptionincorporated into the cash flows. The modeled cash flows are then used to estimate if all the scheduled principal and interest payments of our investments will be returned.

• Credit Analysis – A quarterly credit evaluation is performed for each of the 309 banks comprising the collateral across the various pooled trust preferred securities. Our credit evaluation considers all evidence available to us and includes the nature of the issuer’s business, its years of operating history, corporate structure, loan composition, loan concentrations, deposit mix, asset growth rates, geographic footprint and local economic environment. Our analysis focuses on profitability, return on assets, shareholders’ equity, net interest margin, credit quality ratios, operating efficiency, capital adequacy and liquidity.

• Probability of Default – A probability of default is determined for each bank and is used to calculate the expected impact of future deferrals and defaults on our expected cash flows. Each bank in the collateral pool is assigned a probability of default for each year until maturity. Currently, any bank that is in default is assigned a 100% probability of default and a 0% projected recovery rate. All other banks in the pool are assigned a probability of default based on their unique credit characteristics and market indicators with a 10% projected recovery rate. For the majority of banks currently in deferral we assume the bank continues to defer and will eventually default and, therefore, a 100% probability of default is assigned. However, for some deferring collateral there is the possibility that they become current on interest or principal payments at some point in the future and in those cases a probability that the deferral will ultimately cure is assigned. The probability of default is updated quarterly. As of June 30, 2013, default probabilities for performing collateral ranged from 0.33% to 75%.

Our credit evaluation provides a basis for determining deferral and default probabilities for each underlying piece of collateral. Using the results of the credit evaluation, the next step of the process is to look at pricing of senior debt or credit default swaps for the issuer (or where such information is unavailable, for companies having similar credit profiles as the issuer). The pricing of these market indicators provides the information necessary to determine appropriate default probabilities for each bank.

In addition to the above factors, our evaluation of impairment also includes a stress test analysis which provides an estimate of excess subordination for each tranche. We stress the cash flows of each pool by increasing current default assumptions to the level of defaults which results in an adverse change in estimated cash flows. This stressed breakpoint is then used to calculate excess subordination levels for each pooled trust preferred security. The results of the stress test allows management to identify those pools that are at a greater risk for a future break in cash flows so that we can monitor banks in those pools more closely for potential deterioration of credit quality.

Our cash flow analysis as of June 30, 2013, indicates that no credit related other-than-temporary impairment has occurred on our pooled trust preferred securities during the six-months endedJune 30, 2013. Based upon the analysis performed by management, it is probable that seven of our pooled trust preferred securities will experience principal and interest shortfalls and therefore appropriate other-than-temporary charges were recorded in prior periods. These securities are identified in the table on page 16 with 0% “Excess Subordination as a Percentage of Current Performing Collateral.” For the remaining securities listed in that table, our analysis as of June 30, 2013 indicates it is probable that we will collect all contractual principal and interest payments.

During 2008, 2009 and 2010, other-than-temporary impairment charges were recognized on all of our pooled trust preferred securities, except for PreTSL I and PreTSL IV. Our cash flow analysis as of June 30, 2013, for all of these impaired securities indicates that it is now probable we will collect principal and interest in excess of what was estimated at the time other-than-temporary impairment charges were recorded. This change can be attributed to improvement in the underlying collateral for these securities and has resulted in our current book value being below the present value of estimated future principal and interest payments. The excess for each bond of the present value of future cash flows over our current book value ranges from 6% to 158% and will be recognized as an adjustment to yield over the remaining life of these securities. The excess subordination recognized as an adjustment to yield are reflected in the following table as increases in cash flows expected to be collected.

17

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table provides a cumulative roll forward of credit losses recognized in earnings for debt securities held and not intended to be sold:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Balance, beginning (a)	$	42,991		$	44,501		$	43,274		$	44,736
Credit losses on debt securities for which other-than-temporary impairment was not previously recognized	—			—			—			—
Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized	—			—			—			—
Increases in cash flows expected to be collected, recognized over the remaining life of the security (b)	(292		)	(271		)	(575		)	(506		)
Balance, ending	$	42,699		$	44,230		$	42,699		$	44,230

(a) The beginning balance represents credit related losses included in other-than-temporary impairment charges recognized on debt securities in prior periods.

(b) Represents the increase in cash flows recognized in interest income during the period.

In the second quarter of 2013 and 2012, no other-than-temporary impairment charges were recorded on equity securities. On a quarterly basis, management evaluates equity securities for other-than-temporary impairment by reviewing the severity and duration of decline in estimated fair value, research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, regulatory filings, impact of interest rate changes and other relevant information. As of June 30, 2013 and 2012, there are no equity securities in an unrealized loss position.

Note 10 Loans and Allowance for Credit Losses

The following table provides outstanding balances related to each of our loan types:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,012,315	$	1,019,822
Real estate construction	66,243		87,438
Residential real estate	1,269,830		1,241,565
Commercial real estate	1,280,784		1,273,661
Loans to individuals	600,580		582,218
Total loans and leases net of unearned income	$	4,229,752	$	4,204,704

Credit Quality Information

As part of the on-going monitoring of credit quality within the loan portfolio, the following credit worthiness categories are used in grading our loans:

Pass Acceptable levels of risk exist in the relationship. Includes all loans not adversely classified as OAEM, substandard or doubtful.

Other Assets Especially Mentioned (OAEM)
	Potential weaknesses that deserve management’s close attention. The potential weaknesses may result in deterioration of the repayment prospects or weaken the Bank’s credit position at some future date. The credit risk may be relatively minor, yet constitute an undesirable risk in light of the circumstances surrounding the specific credit. No loss of principal or interest is expected.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Substandard Well-defined weakness or a weakness that jeopardizes the repayment of the debt. A loan may be classified as substandard as a result of deterioration of the borrower’s financial condition and repayment capacity. Loans for which repayment plans have not been met or collateral equity margins do not protect the Company may also be classified as substandard.

Doubtful Loans with the characteristics of substandard loans with the added characteristic that collection or liquidation in full, on the basis of presently existing facts and conditions, is highly improbable.

The use of creditworthiness categories to grade loans permits management’s use of migration analysis to estimate a portion of credit risk. The Company’s internal creditworthiness grading system provides a measurement of credit risk based primarily on an evaluation of the borrower’s cash flow and collateral. Movements between these rating categories provides a predictive measure of credit losses and therefore assists in determining the appropriate level for the loan loss reserves. Category ratings are reviewed each quarter, at which time management analyzes the results, as well as other external statistics and factors related to loan performance. Loans that migrate towards higher risk rating levels generally have an increased risk of default, whereas, loans that migrate toward lower risk ratings generally will result in a lower risk factor being applied to those related loan balances.

The following tables represent our credit risk profile by creditworthiness:

	June 30, 2013
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	933,092	$	52,706	$	1,253,021	$	1,166,928	$	600,411	$	4,006,158
Non-Pass
OAEM	35,231		1,030		4,280		71,017		2		111,560
Substandard	43,992		12,507		12,529		42,839		167		112,034
Doubtful	—		—		—		—		—		—
Total Non-Pass	79,223		13,537		16,809		113,856		169		223,594
Total	$	1,012,315	$	66,243	$	1,269,830	$	1,280,784	$	600,580	$	4,229,752

	December 31, 2012
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	925,868	$	64,353	$	1,224,849	$	1,119,093	$	582,039	$	3,916,202
Non-Pass
OAEM	31,049		925		5,647		82,581		3		120,205
Substandard	62,905		18,638		11,069		71,987		176		164,775
Doubtful	—		3,522		—		—		—		3,522
Total Non-Pass	93,954		23,085		16,716		154,568		179		288,502
Total	$	1,019,822	$	87,438	$	1,241,565	$	1,273,661	$	582,218	$	4,204,704

Portfolio Risks

The credit quality of our loan portfolio represents significant risk to our earnings, capital, regulatory agency relationships, investment community reputation and shareholder returns. First Commonwealth devotes a substantial amount of resources managing this risk primarily through our credit administration department that develops and administers policies and procedures for underwriting, maintaining, monitoring and collecting activities. Credit administration is independent of lending departments and oversight is provided by the credit committee of the First Commonwealth Board of Directors.

19

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Criticized loans have been evaluated when determining the appropriateness of the allowance for credit losses, which we believe is adequate to absorb losses inherent to the portfolio as of June 30, 2013. However, changes in economic conditions, interest rates, borrower financial condition, delinquency trends or previously established fair values of collateral factors could significantly change those judgmental estimates.

Risk factors associated with commercial real estate and construction related loans are monitored closely since this is an area that represents a significant portion of the loan portfolio and has experienced the most stress during the economic downturn.

Age Analysis of Past Due Loans by Segment

The following tables delineate the aging analysis of the recorded investments in past due loans as of June 30, 2013 and December 31, 2012. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.

	June 30, 2013
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	814	$	34	$	289	$	20,170	$	21,307	$	991,008	$	1,012,315
Real estate construction	—		—		—		3,073		3,073		63,170		66,243
Residential real estate	5,058		1,028		1,182		10,719		17,987		1,251,843		1,269,830
Commercial real estate	3,116		48		—		25,136		28,300		1,252,484		1,280,784
Loans to individuals	2,639		1,026		1,177		188		5,030		595,550		600,580
Total	$	11,627	$	2,136	$	2,648	$	59,286	$	75,697	$	4,154,055	$	4,229,752

	December 31, 2012
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	991	$	620	$	288	$	29,258	$	31,157	$	988,665	$	1,019,822
Real estate construction	2		19		15		9,778		9,814		77,624		87,438
Residential real estate	6,597		2,357		730		9,283		18,967		1,222,598		1,241,565
Commercial real estate	3,339		1,389		195		46,023		50,946		1,222,715		1,273,661
Loans to individuals	3,140		934		1,219		176		5,469		576,749		582,218
Total	$	14,069	$	5,319	$	2,447	$	94,518	$	116,353	$	4,088,351	$	4,204,704

Nonaccrual Loans

The previous tables summarize nonaccrual loans by loan segment. The Company generally places loans on nonaccrual status when the full and timely collection of interest or principal becomes uncertain, when part of the principal balance has been charged off and no restructuring has occurred, or the loans reach a certain number of days past due. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans which are placed in nonaccrual status at 150 days past due.

When a loan is placed on nonaccrual, the accrued unpaid interest receivable is reversed against interest income and all future payments received are applied as a reduction to the loan principal. Generally, the loan is returned to accrual status when (a) all delinquent interest and principal become current under the terms of the loan agreement or (b) the loan is both well-secured and in the process of collection and collectability is no longer doubtful.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Impaired Loans

Management considers loans to be impaired when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract, including scheduled interest payments. Determination of impairment is treated the same across all loan categories. When management identifies a loan as impaired, the impairment is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole source for repayment of the loan is the operation or liquidation of collateral. When the loan is collateral dependent, the appraised value less estimated cost to sell is utilized. If management determines the value of the impaired loan is less than the recorded investment in the loan, impairment is recognized through an allowance estimate or a charge-off to the allowance. Troubled debt restructured loans on accrual status are considered to be impaired loans.

When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received, under the cash basis method.

Nonperforming loans decreased$34.5 million during the six-months endedJune 30, 2013. Contributing to this decrease was the sale of $17.2 million of loans related to a real estate developer in eastern Pennsylvania as well as a $2.5 million commercial real estate loan in Nevada and a $3.5 million construction loan for a Florida condominium project. Also, a $3.8 million hotel resort syndication loan in the state of Washington and a $2.3 million commercial loan to a western Pennsylvania excavation company were returned to accrual status during the first six months of 2013. Additionally, $18.4 million in charge-offs were recognized on three commercial loan relationships during the first half of 2013, including $2.8 million for a commercial real estate loan to a western Pennsylvania non-profit healthcare facility who recently filed for bankruptcy, $2.5 million for a commercial real estate loan to a western Pennsylvania student housing project which is in the foreclosure process and $13.1 million for an unsecured commercial loan to a western Pennsylvania real estate developer.

A total of $26.1 million of loans were moved into nonaccrual status during the six-months endedJune 30, 2013. Four commercial loan relationships comprise $20.1 million of this total. These relationships include a $7.7 million commercial real estate loan to a real estate management company in western Pennsylvania, a $5.7 million commercial real estate relationship to a western Pennsylvania commercial real estate developer, of which $0.5 million was charged-off and $4.8 million was moved to OREO, all during the six-month period, a $3.6 million commercial relationship to a specialty metal processor in western Pennsylvania, and a $3.1 million commercial relationship with a western Pennsylvania glass manufacturer. In addition to this, $2.0 million in consumer loans which were 150 days or more past due were moved to nonaccrual status. Beginning in the third quarter of 2012, consumer loans are moved to nonaccrual status once they reach 150 days past due, however, in prior periods, these loans were not placed in nonaccrual status if they were well secured and in the process of collection.

The specific allowance for nonperforming loans decreased by $8.1 million at June 30, 2013 compared to December 31, 2012, primarily due to charge-offs of amounts reserved for in prior periods. Unfunded commitments related to nonperforming loans were $1.9 million at June 30, 2013 and after consideration of available collateral related to these commitments, an off balance sheet reserve of $0.1 million was established.

There were no loans held for sale at June 30, 2013 and December 31, 2012; however, sales of loans during the six-months endedJune 30, 2013 and 2012 resulted in gains of $0.4 million and $2.9 million, respectively.

Significant nonaccrual loans as of June 30, 2013, include the following:

• $7.7 million commercial real estate loans to a real estate management company in western Pennsylvania. These loans were originated from 2008 to 2012 and were placed in nonaccrual status in the second quarter of 2013. The most recent appraisal for this real estate collateral was completed in the second quarter of 2013.

• $2.8 million, the remaining portion net of reserves, of a $44.1 million unsecured loan to a western Pennsylvania real estate developer. This loan was originated in 2004 and was placed in nonaccrual status in the fourth quarter of 2009. Charge-offs of $28.5 million have been recorded on this loan, of which $13.1 million occurred in the second quarter of 2013.

• $3.6 million commercial real estate and industrial loans to a specialty metal processor in western Pennsylvania. This loan was originated in 2003 and was placed in nonaccrual status in the second quarter of 2013. The assets collateralizing this relationship as well as the appraisal for the real estate collateral were valued in the first quarter of 2013.

21

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

• $3.4 million commercial real estate loan to an in-patient facility in western Pennsylvania. This loan was originated in 2008 and placed in nonaccrual status in September 2012. Charge-offs of $2.8 million have been recorded on this loan. The most recent appraisal for the real estate collateral was completed in the fourth quarter of 2012.

• $3.1 million real estate secured loan to a western Pennsylvania nonprofit corporation. This loan was originated in 2008 and placed in nonaccrual status in the second quarter of 2012. The most recent appraisals for the various real estate collateral were completed in the fourth quarter of 2012 and the first quarter of 2013.

The following tables include the recorded investment and unpaid principal balance for impaired loans with the associated allowance amount, if applicable, as of June 30, 2013 and December 31, 2012. Also presented are the average recorded investment in impaired loans and the related amount of interest recognized while the loan was considered impaired. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position.

	June 30, 2013						December 31, 2012
	Recorded investment		Unpaid principal balance		Related allowance		Recorded investment		Unpaid principal balance		Related allowance
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	15,069	$	16,119			$	8,080	$	8,983
Real estate construction	2,474		6,014				8,491		35,555
Residential real estate	9,017		9,640				7,928		8,401
Commercial real estate	24,190		30,962				33,259		35,401
Loans to individuals	257		268				256		256
Subtotal	51,007		63,003				58,014		88,596
With an allowance recorded:
Commercial, financial, agricultural and other	10,707		11,383		6,627		26,532		27,412		10,331
Real estate construction	1,493		1,799		267		2,756		3,087		300
Residential real estate	4,139		4,148		1,943		2,695		2,696		780
Commercial real estate	5,751		6,052		818		17,558		17,896		6,367
Loans to individuals	—		—		—		—		—		—
Subtotal	22,090		23,382		9,655		49,541		51,091		17,778
Total	$	73,097	$	86,385	$	9,655	$	107,555	$	139,687	$	17,778

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

	For the Six-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,333	$	106	$	10,291	$	21
Real estate construction	6,900		—		7,268		—
Residential real estate	8,732		78		9,219		11
Commercial real estate	27,867		25		26,529		53
Loans to individuals	246		2		—		—
Subtotal	56,078		211		53,307		85
With an allowance recorded:
Commercial, financial, agricultural and other	20,534		31		19,101		6
Real estate construction	2,017		26		6,865		—
Residential real estate	3,117		12		797		14
Commercial real estate	5,760		52		2,028		—
Loans to individuals	—		—		—		—
Subtotal	31,428		121		28,791		20
Total	$	87,506	$	332	$	82,098	$	105

	For the Three-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,853	$	55	$	7,735	$	3
Real estate construction	5,538		—		10,118		—
Residential real estate	9,003		41		15,082		6
Commercial real estate	20,865		13		25,696		19
Loans to individuals	246		1		—		—
Subtotal	48,505		110		58,631		28
With an allowance recorded:
Commercial, financial, agricultural and other	18,486		12		17,441		3
Real estate construction	1,733		14		4,068		—
Residential real estate	3,680		8		644		7
Commercial real estate	5,708		28		1,253		—
Loans to individuals	—		—		—		—
Subtotal	29,607		62		23,406		10
Total	$	78,112	$	172	$	82,037	$	38

Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources.

23

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	13,811	$	13,037
Nonaccrual status	17,519		50,979
Total	$	31,330	$	64,016
Commitments
Letters of credit	$	—	$	1,574
Unused lines of credit	1,953		—
Total	$	1,953	$	1,574

At June 30, 2013, troubled debt restructured loans decreased$32.7 million compared to December 31, 2012 and commitments related to troubled debt restructured loans increased$0.4 million for the same period. This decrease in loans is primarily a result of the sale of a $17.2 million loan for a commercial real estate developer in eastern Pennsylvania and the charge-off of $13.1 million related to an unsecured loan to a western Pennsylvania real estate developer.

The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings:

	For the Six-Months Ended June 30, 2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	3	$	526	$	—	$	12	$	538	$	472	$	100
Residential real estate	22	280		326		1,284		1,890		1,801		562
Commercial real estate	1	—		244		—		244		237		—
Loans to individuals	6	—		34		6		40		29		—
Total	32	$	806	$	604	$	1,302	$	2,712	$	2,539	$	662

	For the Six-Months Ended June 30, 2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	4	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction	1	823		—		—		823		815		—
Residential real estate	3	—		97		83		180		133		—
Total	8	$	1,270	$	115	$	6,112	$	7,497	$	7,442	$	2,760

The troubled debt restructurings included in the above tables are also included in the impaired loan tables provided earlier in this note. Loans defined as modified due to a change in rate include loans that were modified for a change in rate as well as a reamortization of the principal and an extension of the maturity. For the six-months endedJune 30, 2013 and 2012, $0.6 million and $0.1 million, respectively, of total rate modifications represent loans with modifications to the rate as well as payment due

24

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

to reamortization. For both 2013 and 2012 the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments.

	For the Three-Months Ended June 30, 2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	1	$	100	$	—	$	—	$	100	$	100	$	100
Residential real estate	13	273		113		769		1,155		1,132		562
Loans to individuals	2	—		10		3		13		9		—
Total	16	$	373	$	123	$	772	$	1,268	$	1,241	$	662

	For the Three-Months Ended June 30, 2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	4	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction	1	823		—		—		823		815		—
Residential real estate	1	—		—		83		83		82		—
Total	6	$	1,270	$	18	$	6,112	$	7,400	$	7,391	$	2,760

The troubled debt restructurings included in the above tables are also included in the impaired loan tables provided earlier in this note. Loans defined as modified due to a change in rate include loans that were modified for a change in rate as well as a reamortization of the principal and an extension of the maturity. For the three-months endedJune 30, 2013 and 2012, $0.1 million and $18 thousand, respectively, of total rate modifications represent loans with modifications to the rate as well as payment due to reamortization. For both 2013 and 2012 the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments.

A troubled debt restructuring is considered to be in default when a restructured loan is 90 days or more past due. The following table provides information related to restructured loans that were considered to default during the six-months endedJune 30:

	2013			2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	1	$	9	—	$	—
Loans to individuals	3	9		—	—
Total	4	$	18	—	$	—

25

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table provides information related to restructured loans that were considered to default during the three-months endedJune 30:

	2013			2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Loans to individuals	2	$	5	—	$	—

The following tables provide detail related to the allowance for credit losses:

	For the Six-Months Ended June 30, 2013
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	19,852		$	8,928		$	5,908		$	22,441		$	4,132		$	5,926		$	67,187
Charge-offs	(14,221		)	(755		)	(643		)	(9,238		)	(1,755		)	—			(26,612		)
Recoveries	264			59			812			108			337			—			1,580
Provision (credit)	10,680			14			362			2,817			1,428			(4		)	15,297
Ending Balance	$	16,575		$	8,246		$	6,439		$	16,128		$	4,142		$	5,922		$	57,452
Ending balance: individually evaluated for impaired	$	6,627		$	267		$	1,943		$	818		$	—		$	—		$	9,655
Ending balance: collectively evaluated for impaired	9,948			7,979			4,496			15,310			4,142			5,922			47,797
Loans:
Ending balance	1,012,315			66,243			1,269,830			1,280,784			600,580						4,229,752
Ending balance: individually evaluated for impaired	24,592			3,904			10,468			27,862			—						66,826
Ending balance: collectively evaluated for impaired	987,723			62,339			1,259,362			1,252,922			600,580						4,162,926

26

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

	For the Six-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,200		$	6,756		$	8,237		$	18,961		$	4,244		$	4,836	$	61,234
Charge-offs	(3,668		)	(340		)	(2,454		)	(541		)	(1,738		)	—		(8,741		)
Recoveries	275			92			282			186			264			—		1,099
Provision (credit)	4,495			1,493			554			(968		)	1,439			1,071		8,084
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676
Ending balance: individually evaluated for impaired	$	8,046		$	2,747		$	431		$	510		$	—		$	—	$	11,734
Ending balance: collectively evaluated for impaired	11,256			5,254			6,188			17,128			4,209			5,907		49,942
Loans:
Ending balance	1,059,675			77,442			1,213,610			1,232,270			576,534					4,159,531
Ending balance: individually evaluated for impaired	31,271			14,915			2,911			31,493			—					80,590
Ending balance: collectively evaluated for impaired	1,028,404			62,527			1,210,699			1,200,777			576,534					4,078,941

	For the Three-Months Ended June 30, 2013
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	20,275		$	7,733		$	5,749		$	18,470		$	4,139		$	5,896	$	62,262
Charge-offs	(13,683		)	(671		)	(321		)	(694		)	(767		)	—		(16,136		)
Recoveries	136			47			89			11			243			—		526
Provision (credit)	9,847			1,137			922			(1,659		)	527			26		10,800
Ending Balance	$	16,575		$	8,246		$	6,439		$	16,128		$	4,142		$	5,922	$	57,452

	For the Three-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,143		$	6,427		$	6,702		$	19,371		$	4,252		$	5,837	$	60,732
Charge-offs	(1,754		)	(150		)	(742		)	(306		)	(797		)	—		(3,749		)
Recoveries	37			36			149			28			146			—		396
Provision (credit)	2,876			1,688			510			(1,455		)	608			70		4,297
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676

Additional discussion related to changes in the allowance for credit losses can be found in Management's Discussion and Analysis of financial results on pages 43 and 49 of this Form 10-Q.

27

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 11 Income Taxes

At June 30, 2013 and December 31, 2012, First Commonwealth had no material unrecognized tax benefits or accrued interest and penalties. If applicable, First Commonwealth will record interest and penalties as a component of noninterest expense. Federal and state tax years 2009 through 2012 were open for examination as of June 30, 2013.

Note 12 Fair Values of Assets and Liabilities

FASB ASC Topic 820, “Fair Value Measurements and Disclosures” requires disclosures for non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). All non-financial assets are included either as a separate line item on the Condensed Consolidated Statements of Financial Condition or in the “Other assets” category of the Condensed Consolidated Statements of Financial Condition. Currently, First Commonwealth does not have any non-financial liabilities to disclose.

FASB ASC Topic 825, “Financial Instruments” permits entities to irrevocably elect to measure select financial instruments and certain other items at fair value. The unrealized gains and losses are required to be included in earnings each reporting period for the items that fair value measurement is elected. First Commonwealth has elected not to measure any existing financial instruments at fair value under FASB ASC Topic 825; however, in the future we may elect to adopt this guidance for select financial instruments.

In accordance with FASB ASC Topic 820, First Commonwealth groups financial assets and financial liabilities measured at fair value in three levels based on the principal markets in which the assets and liabilities are transacted and the observability of the data points used to determine fair value. These levels are:

• Level 1 – Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange (“NYSE”). Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 1 securities include equity holdings comprised of publicly traded bank stocks which were priced using quoted market prices.

• Level 2 – Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained for identical or comparable assets or liabilities from alternative pricing sources with reasonable levels of price transparency. Level 2 includes Obligations of U.S. Government securities issued by Agencies and Sponsored Enterprises, Obligations of States and Political Subdivisions, certain corporate securities, FHLB stock, interest rate derivatives that include interest rate swaps and risk participation agreements, certain other real estate owned and certain impaired loans.

Level 2 investment securities are valued by a recognized third party pricing service using observable inputs. The model used by the pricing service varies by asset class and incorporates available market, trade and bid information as well as cash flow information when applicable. Because many fixed-income investment securities do not trade on a daily basis, the model uses available information such as benchmark yield curves, benchmarking of like investment securities, sector groupings and matrix pricing. The model will also use processes such as an option adjusted spread to assess the impact of interest rates and to develop prepayment estimates. Market inputs normally used in the pricing model include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications.

Management validates the market values provided by the third party service by having another recognized pricing service price 100% of the securities on an annual basis and a random sample of securities each quarter, monthly monitoring of variances from prior period pricing and, on a monthly basis, evaluating pricing changes compared to expectations based on changes in the financial markets.

Other investments are comprised of FHLB stock whose estimated fair value is based on its par value. Additional information on FHLB stock is provided in Note 8, “Other Investments.”

Interest rate derivatives are reported at an estimated fair value utilizing Level 2 inputs and are included in other assets and other liabilities and consist of interest rate swaps where there is no significant deterioration in the counterparties' (loan customers) credit risk since origination of the interest rate swap. First Commonwealth values its interest rate swap positions using a yield curve by taking market prices/rates for an appropriate set of instruments. The set of instruments currently used to determine the U.S. Dollar yield curve includes cash LIBOR rates from overnight to three months, Eurodollar futures contracts and swap rates

28

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

from three years to thirty years. These yield curves determine the valuations of interest rate swaps. Interest rate derivatives are further described in Note 13, “Derivatives.”

For purposes of potential valuation adjustments to our derivative positions, First Commonwealth evaluates the credit risk of its counterparties as well as our own credit risk. Accordingly, we have considered factors such as the likelihood of default, expected loss given default, net exposures and remaining contractual life, among other things, in determining if any fair value adjustments related to credit risk are required. We review our counterparty exposure quarterly, and when necessary, appropriate adjustments are made to reflect the exposure.

We also utilize this approach to estimate our own credit risk on derivative liability positions. In 2013, we have not realized any losses due to a counterparty's inability to pay any uncollateralized positions.

The estimated fair value for other real estate owned included in Level 2 is determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement.

• Level 3 – Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. If the inputs used to provide the valuation are unobservable and/or there is very little, if any, market activity for the security or similar securities, the securities would be considered Level 3 securities. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The assets included in Level 3 are pooled trust preferred collateralized debt obligations, non-marketable equity investments, loans held for sale and certain interest rate derivatives, certain other real estate owned and certain impaired loans.

Our pooled trust preferred collateralized debt obligations are collateralized by the trust preferred securities of individual banks, thrifts and bank holding companies in the U.S. There has been little or no active trading in these securities since 2009; therefore it was more appropriate to determine estimated fair value using a discounted cash flow analysis. Detail on our process for determining the appropriate cash flows for this analysis is provided in Note 9, “Impairment of Investment Securities.” The discount rate applied to the cash flows is determined by evaluating the current market yields for comparable corporate and structured credit products along with an evaluation of the risks associated with the cash flows of the comparable security. Due to the fact that there is no active market for the pooled trust preferred collateralized debt obligations, one key reference point is the market yield for the single issue trust preferred securities issued by banks and thrifts for which there is more activity than for the pooled securities. Adjustments are then made to reflect the credit and structural differences between these two security types.

Management validates the fair value of the pooled trust preferred collateralized debt obligations by monitoring the performance of the underlying collateral, discussing the discount rate, cash flow assumptions and general market trends with the specialized third party and confirming changes in the underlying collateral to the trustee reports. Management’s monitoring of the underlying collateral includes deferrals of interest payments, payment defaults, cures of previously deferred interest payments, any regulatory filings or actions and general news related to the underlying collateral. Management also evaluates fair value changes compared to expectations based on changes in the interest rates used in determining the discount rate and general financial markets.

The estimated fair value of the non-marketable equity investments included in Level 3 is based on par value.

Loans held for sale are carried at the lower of cost or fair value with the fair value being the expected sales price of the loan. The estimated fair value of the loans held for sale was determined by calculating the discounted expected future cash flows of the loan. The discount rate applied to the future cash flows was determined based on a risk based expected return and capital structure of potential buyers. If a sales agreement has been executed, the fair value is equal to the sales price.

For interest rate derivatives included in Level 3, the fair value incorporates credit risk by considering such factors as likelihood of default and expected loss given default based on the credit quality of the underlying counterparties (loan customers).

In 2013, we experienced a $0.9 million credit loss as a result of a counterparty's inability to pay the net uncollaterlized position on an interest rate swap. The full amount of this credit loss was provided for in prior periods. Additionally, as the result of deterioration in other counterparties (loan customers) credit quality for certain interest rate derivatives, future amounts previously believed to be collectible under the terms of the interest rate derivative have now been deemed to be uncollectible.

In accordance with ASU 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements.

29

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

	Fair Value (dollars in thousands)	Valuation Technique	Unobservable Inputs	Range / (weighted average)
Pooled Trust Preferred Securities	$25,869	Discounted Cash Flow	Probability of default	0% - 100% (19.32%)
			Prepayment rates	0% - 100% (7.48%)
			Discount rates	6% - 16% (a)
Equities	1,420	Par Value	N/A	N/A
Interest Rate Swap	—	Option model	Counterparty credit risk	6.80% - 9.12% (b)
Impaired Loans	715 (c)	Reserve study	Discount rate	10.00%
			Gas per MCF	$3.67 - $7.60 (d)
			Oil per BBL/d	$90.97 - $106.00 (d)
			NGL per gallon	$1.54 (d)
Other Real Estate Owned	187	Internal Valuation	N/A	N/A

(a) incorporates spread over risk free rate related primarily to credit quality and illiquidity of securities.

(b) represents the range of the credit spread curve used in valuation.

(c) the remainder of impaired loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.

(d) unobservable inputs are defined as follows: MCF - million cubic feet; BBL/d - barrels per day; NGL - natural gas liquid.

The significant unobservable inputs used in the fair value measurement of pooled trust preferred securities are the probability of default, discount rates and prepayment rates. Significant increases in the probability of default or discount rate used would result in a decrease in the estimated fair value of these securities while decreases in these variables would result in higher fair value measurements. In general, a change in the assumption of probability of default is accompanied by a directionally similar change in the discount rate. In most cases, increases in the prepayment rate assumptions would result in a higher estimated fair value for these securities while decreases would provide for a lower value. The direction of this change is somewhat dependent on the structure of the investment and the amount of the investment tranches senior to our position.

The discount rate is the significant unobservable input used in the fair value measurement of impaired loans. Significant increases in this rate would result in a decrease in the estimated fair value of the loans, while a decrease in this rate would result in higher fair value measurement. Other unobservable inputs in the fair value measurement of impaired loans relate to gas, oil and natural gas prices and increases in these rates would result in an increase in the estimated fair value of the loans, while a decrease in these prices would result in a lower fair value measurement.

The significant unobservable input used in the fair value measurement of interest rate swaps classified as Level 3 is counterparty credit risk and the resulting range of the credit spread curve used in the valuation. Higher credit risk would result in an increased credit spread, which would reduce the fair value of the interest rate swap.

30

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	28,036	$	—	$	28,036
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		978,185		—		978,185
Mortgage-Backed Securities - Commercial	—		126		—		126
Other Government-Sponsored Enterprises	—		265,296		—		265,296
Obligations of States and Political Subdivisions	—		83		—		83
Corporate Securities	—		6,984		—		6,984
Pooled Trust Preferred Collateralized Debt Obligations	—		—		25,869		25,869
Total Debt Securities	—		1,278,710		25,869		1,304,579
Equities	688		—		1,420		2,108
Total Securities Available for Sale	688		1,278,710		27,289		1,306,687
Other Investments	—		33,913		—		33,913
Loans held for sale	—		—		—		—
Other Assets(a)	—		14,121		—		14,121
Total Assets	$	688	$	1,326,744	$	27,289	$	1,354,721
Other Liabilities(a)	$	—	$	14,363	$	—	$	14,363
Total Liabilities	$	—	$	14,363	$	—	$	14,363

(a) Non-hedging interest rate derivatives

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	31,664	$	—	$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		864,401		—		864,401
Mortgage-Backed Securities - Commercial	—		149		—		149
Other Government-Sponsored Enterprises	—		242,664		—		242,664
Obligations of States and Political Subdivisions	—		86		—		86
Corporate Securities	—		6,991		—		6,991
Pooled Trust Preferred Collateralized Debt Obligations	—		—		23,373		23,373
Total Debt Securities	—		1,145,955		23,373		1,169,328
Equities	555		—		1,420		1,975
Total Securities Available for Sale	555		1,145,955		24,793		1,171,303
Other Investments	—		28,228		—		28,228
Loans Held for Sale	—		—		—		—
Other Assets(a)	—		16,480		—		16,480
Total Assets	$	555	$	1,190,663	$	24,793	$	1,216,011
Other Liabilities(a)	$	—	$	18,726	$	—	$	18,726
Total Liabilities	$	—	$	18,726	$	—	$	18,726

(a) Non-hedging interest rate derivatives

31

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

For the six-months endedJune 30 changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	2013
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	23,373		$	1,420	$	—		$	—	$	24,793
Total gains or losses
Included in earnings	—			—		383			—		383
Included in other comprehensive income	5,683			—		—			—		5,683
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(20,518		)	—		(20,518		)
Settlements	(3,187		)	—		—			—		(3,187		)
Transfers into Level 3	—			—		20,135			—		20,135
Balance, end of period	$	25,869		$	1,420	$	—		$	—	$	27,289

	2012
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets			Total
	(dollars in thousands)
Balance, beginning of period	$	22,980		$	1,420	$	13,412		$	—		$	37,812
Total gains or losses
Included in earnings	—			—		2,870			(461		)	2,409
Included in other comprehensive income	1,580			—		—			—			1,580
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—			—
Issuances	—			—		—			—			—
Sales	—			—		(15,981		)	—			(15,981		)
Settlements	(2,768		)	—		(301		)	—			(3,069		)
Transfers into Level 3	—			—		—			461			461
Balance, end of period	$	21,792		$	1,420	$	—		$	—		$	23,212

For the six-months endedJune 30, 2013 and 2012, there were no transfers between fair value Levels 1 and 2. However, $20.1 million of loans were transferred into Level 3 from Level 2 during the six-months endedJune 30, 2013 due to the loans being transferred to a held for sale status. The loan sales related to three nonperforming relationships for which this was determined to be the appropriate exit strategy. Completion of the loan sales resulted in a $0.4 million gain for the period. For the six-months endedJune 30, 2012, $0.5 million of interest rate swaps were transferred into Level 3 from Level 2 due to deterioration of the counterparty’s credit risk below investment grade. There were no gains or losses included in earnings for the periods presented that are attributable to the change in realized gains (losses) relating to assets held at June 30, 2013 and 2012.

32

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

For the three-months endedJune 30 changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	2013
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	24,512		$	1,420	$	—		$	—	$	25,932
Total gains or losses
Included in earnings	—			—		257			—		257
Included in other comprehensive income	3,292			—		—			—		3,292
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(3,779		)	—		(3,779		)
Settlements	(1,935		)	—		—			—		(1,935		)
Transfers into Level 3	—			—		3,522			—		3,522
Balance, end of period	$	25,869		$	1,420	$	—		$	—	$	27,289

	2012
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	24,508		$	1,420	$	8,076		$	—	34,004
Total gains or losses
Included in earnings	—			—		1,102			—		1,102
Included in other comprehensive income	(688		)	—		—			—		(688		)
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(9,172		)	—		(9,172		)
Settlements	(2,028		)	—		(6		)	—		(2,034		)
Transfers from Level 3	—			—		—			—		—
Balance, end of period	$	21,792		$	1,420	$	—		$	—	$	23,212

For the three-months endedJune 30, 2013 and 2012, there were no transfers between fair value Levels 1 and 2. However, $3.5 million of loans were transferred into Level 3 from Level 2 during the three-months endedJune 30, 2013 due to the loans being transferred to a held for sale status. The loan sale related to one nonperforming relationship for which this was determined to be the appropriate exit strategy. Completion of the loan sale resulted in a $0.3 million gain for the period. For the three-months endedJune 30, 2012, there were no transfers into Level 3 from Level 2. There were no gains or losses included in earnings for the periods presented that are attributable to the change in realized gains (losses) relating to assets held at June 30, 2013 and 2012.

33

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The tables below present the balances of assets measured at fair value on a non-recurring basis at:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	55,903	$	7,540	$	63,443
Other real estate owned	—		17,116		187		17,303
Total Assets	$	—	$	73,019	$	7,727	$	80,746

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	82,949	$	6,827	$	89,776
Other real estate owned	—		11,981		247		12,228
Total Assets	$	—	$	94,930	$	7,074	$	102,004

The following losses were realized on the assets measured on a nonrecurring basis:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Impaired loans	$	(10,806	)	$	(3,086	)	$	(11,086	)	$	(3,742	)
Other real estate owned	(241		)	(163		)	(362		)	(3,017		)
Total losses	$	(11,047	)	$	(3,249	)	$	(11,448	)	$	(6,759	)

Impaired loans over $0.1 million are individually reviewed to determine the amount of each loan considered to be at risk of non-collection. The fair value for impaired loans that are collateral based is determined by reviewing real property appraisals, equipment valuations, accounts receivable listings and other financial information. A discounted cash flow analysis is performed to determine fair value for impaired loans when an observable market price or a current appraisal is not available. First Commonwealth’s loan policy requires updated appraisals be obtained at least every twelve months on all impaired loans with balances of $250 thousand and over. For balances under $250 thousand, we rely on a broker-priced opinion.

The fair value for other real estate owned is determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement and is classified as Level 2. Other real estate owned has a book cost of $15.6 million as of June 30, 2013 and consisted primarily of a manufacturing plant in northern Pennsylvania, residential real estate in eastern Pennsylvania, and commercial real estate properties in both eastern and western Pennsylvania. We review whether events and circumstances subsequent to a transfer to other real estate owned have occurred that indicate the balance of those assets may not be recoverable. If events and circumstances indicate further impairment we will record a charge to the extent that the carrying value of the assets exceed their fair values, less estimated cost to sell, as determined by valuation techniques appropriate in the circumstances.

Certain other assets and liabilities, including goodwill and core deposit intangibles, are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Additional information related to goodwill is provided in Note 14, “Goodwill.” There were no other assets or liabilities measured at fair value on a non-recurring basis during the six-months endedJune 30, 2013.

FASB ASC 825-10, “Transition Related to FSP FAS 107-1” and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or non-recurring basis are as discussed above. The methodologies for other financial assets and financial liabilities are discussed below.

34

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Cash and due from banks and interest-bearing bank deposits: The carrying amounts for cash and due from banks and interest-bearing bank deposits approximate the estimated fair values of such assets.

Securities: Fair values for securities available for sale are based on quoted market prices, if available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Pooled trust preferred collateralized debt obligations values are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. These valuations incorporate certain assumptions and projections in determining the fair value assigned to each instrument. The carrying value of other investments, which includes FHLB stock, is considered a reasonable estimate of fair value.

Loans held for sale: The fair value of loans held for sale is estimated utilizing a present value of future discounted cash flows of the loan utilizing a risk based expected return to discount the value unless a sales agreement has been executed, in which case the sales price would equal fair value.

Loans: The fair values of all loans are estimated by discounting the estimated future cash flows using interest rates currently offered for loans with similar terms to borrowers of similar credit quality adjusted for past due and nonperforming loans, which is not an exit price under FASB ASC Topic 820, “Fair Value Measurements and Disclosures.”

Off-balance sheet instruments: Many of First Commonwealth’s off-balance sheet instruments, primarily loan commitments and standby letters of credit, are expected to expire without being drawn upon; therefore, the commitment amounts do not necessarily represent future cash requirements. FASB ASC Topic 460, “Guarantees” clarified that a guarantor is required to recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee. The carrying amount and fair value for standby letters of credit was $0.1 million and $0.2 million at June 30, 2013 and December 31, 2012, respectively. See Note 6, “Commitments and Contingent Liabilities,” for additional information.

Deposit liabilities: Management estimates that the fair value of deposits is based on a market valuation of similar deposits. The carrying value of variable rate time deposit accounts and certificates of deposit approximate their fair values at the report date. Also, fair values of fixed rate time deposits for both periods are estimated by discounting the future cash flows using interest rates currently being offered and a schedule of aggregated expected maturities.

Short-term borrowings: The fair values of borrowings from the FHLB were estimated based on the estimated incremental borrowing rate for similar types of borrowings. The carrying amounts of other short-term borrowings such as federal funds purchased and securities sold under agreement to repurchase were used to approximate fair value due to the short-term nature of the borrowings.

Long-term debt and subordinated debt: The fair value of long-term debt and subordinated debt is estimated by discounting the future cash flows using First Commonwealth’s estimate of the current market rate for similar types of borrowing arrangements or an announced redemption price.

35

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:

	June 30, 2013
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	77,485	$	77,485	$	77,485	$	—	$	—
Interest-bearing deposits	4,497		4,497		4,497		—		—
Securities available for sale	1,306,687		1,306,687		688		1,278,710		27,289
Other investments	33,913		33,913		—		33,913		—
Loans	4,229,752		4,276,416		—		55,903		4,220,513
Financial liabilities
Deposits	4,733,047		4,664,831		—		4,664,831		—
Short-term borrowings	441,848		441,838		—		441,838		—
Long-term debt	144,615		145,721		—		145,721		—
Subordinated debt	72,167		47,833		—		—		47,833

	December 31, 2012
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	98,724	$	98,724	$	98,724	$	—	$	—
Interest-bearing deposits	4,258		4,258		4,258		—		—
Securities available for sale	1,171,303		1,171,303		555		1,145,955		24,793
Other investments	28,228		28,228		—		28,228		—
Loans	4,204,704		4,245,114		—		82,949		4,162,165
Financial liabilities
Deposits	4,557,881		4,493,764		—		4,493,764		—
Short-term borrowings	356,227		356,221		—		356,221		—
Long-term debt	174,471		176,178		—		176,178		—
Subordinated debt	105,750		76,735		—		—		76,735

Note 13 Derivatives

First Commonwealth is a party to interest rate derivatives that are not designated as accounting hedges. These derivatives relate to interest rate swaps that First Commonwealth enters into with customers to allow customers to convert variable rate loans to a fixed rate. First Commonwealth pays interest to the customer at a floating rate on the notional amount and receives interest from the customer at a fixed rate for the same notional amount. At the same time the interest rate swap is entered into with the customer, an offsetting interest rate swap is entered into with another financial institution. First Commonwealth pays the other financial institution interest at the same fixed rate on the same notional amount as the swap entered into with the customer, and receives interest from the financial institution for the same floating rate on the same notional amount. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss of given default for all counterparties.

36

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 1. Financial Statements and Supplementary Data

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

We have twelve risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution.

The fee received, less the estimate of the loss for the credit exposure, was recognized in earnings at the time of the transaction.

The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	June 30, 2013			December 31, 2012
	(dollars in thousands)
Credit value adjustment	$	(284	)	$	(2,207	)
Notional Amount:
Interest rate derivatives	279,920			223,448
Risk participation agreements	79,411			71,390
Sold credit protection on risk participation agreements	(19,383		)	—

The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in other income on the Condensed Consolidated Statements of Income:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
	(dollars in thousands)
Non-hedging interest rate derivatives:
Increase in other income	$	78	$	144	$	1,067	$	750

Note 14 Goodwill

FASB ASC Topic 350-20, “Intangibles – Goodwill and Other” requires an annual valuation of the fair value of a reporting unit that has goodwill and a comparison of the fair value to the book value of equity to determine whether the goodwill has been impaired. Goodwill is also required to be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. When triggering events or circumstances indicate goodwill testing is required, an assessment of qualitative factors can be completed before performing the two step goodwill impairment test. ASU 2011-8 provides that if an assessment of qualitative factors determines it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, then the two step goodwill impairment test is not required.

First Commonwealth is considered to be one reporting unit. The carrying amount of goodwill as of June 30, 2013 and December 31, 2012 was $159.9 million. No impairment charges on goodwill or other intangible assets were incurred in 2013 or 2012.

We test goodwill for impairment as of November 30th each year and again at any quarter-end if any material events occur during a quarter that may affect goodwill. An assessment of qualitative factors was completed as of June 30, 2013 and indicated that it is more likely than not that the fair value of First Commonwealth exceeds its carrying amount, therefore the two step goodwill impairment test was not considered necessary. The assessment of qualitative factors incorporated the results of the Step 1 goodwill impairment test completed as of November 30, 2012 as well as macroeconomic factors, industry and market considerations, the company’s overall financial performance, and other company specific events occurring since the completion of the November 30, 2012 test.

As of June 30, 2013, goodwill was not considered impaired; however, changing economic conditions that may adversely affect our performance, fair value of our assets and liabilities, or stock price could result in impairment, which could adversely affect earnings in future periods. Management will continue to monitor events that could impact this conclusion in the future.

Note 15 New Accounting Pronouncements

In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” This amendment addresses the previously deferred portions of ASU

37

2011-05 related to reclassifications out of accumulated other comprehensive income. This amendment requires an entity to provide information about amounts reclassified out of accumulated other comprehensive income (“AOCI”) by component. In addition, an entity is required to report the effect of significant reclassifications out of AOCI on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The adoption of this ASU did not have a material impact on First Commonwealth’s financial condition or results of operations.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations

This discussion and the related financial data are presented to assist in the understanding and evaluation of the consolidated financial condition and the results of operations of First Commonwealth Financial Corporation including its subsidiaries (“First Commonwealth”) for the three- and six-months endedJune 30, 2013 and 2012, and should be read in conjunction with the Condensed Consolidated Financial Statements and notes thereto included in this Form 10-Q.

Forward-Looking Statements

Certain statements contained in this report that are not historical facts may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of words such as “may,” “will,” “should,” “could,” “would,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate” or words of similar meaning. These forward-looking statements are subject to significant risks, assumptions and uncertainties, and could be affected by many factors. The following list, which is not intended to be an all-encompassing list of risks and uncertainties affecting us, summarizes several factors that could cause our actual results to differ materially from those anticipated or expected in these forward-looking statements:

• continued weakness in economic and business conditions, both nationally and in our markets, which could cause deterioration in credit quality, a further reduction in demand for credit and/or a further decline in real estate values;

• prolonged low interest rates, which could reduce our net interest margin;

• increases in defaults by borrowers and other delinquencies, which could result in increases in our provision for credit losses and related expenses;

• further declines in the market value of investment securities that are considered to be other-than-temporary, which would negatively impact our earnings and capital levels;

• cyber-attacks and fraud, which could disrupt our systems and services, breach the privacy of our customer and business information or result in loss of client assets;

• further declines in the valuations of real estate, which could negatively affect the creditworthiness of our borrowers and the value of collateral securing our loans;

• the assumptions used in calculating the appropriate amount to be placed into our allowance for credit losses may prove to be inaccurate;

• restrictions or conditions imposed by our regulators on our operations may make it more difficult for us to achieve our goals;

• legislative and regulatory changes, including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related regulations, subject us to additional regulatory oversight which may result in increased compliance costs and/or require us to change our business model;

• changes in accounting standards and compliance requirements may have an adverse affect on our operating results and financial condition;

• competitive pressures among depository and other financial institutions, some of which may have greater financial resources or more attractive product or service offerings, may adversely affect growth or profitability of our products and services; and

• other risks and uncertainties described in this report and in the other reports that we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K.

In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements in this report. We undertake no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Explanation of Use of Non-GAAP Financial Measure

In addition to the results of operations presented in accordance with generally accepted accounting principles (“GAAP”), First Commonwealth management uses, and this quarterly report contains or references, certain non-GAAP financial measures, such as net interest income on a fully taxable equivalent basis. We believe this non-GAAP financial measure provides information useful to investors in understanding our underlying operational performance and our business and performance trends as it facilitates comparison with the performance of others in the financial services industry. Although we believe that this non-GAAP financial measure enhances investors’ understanding of our business and performance, this non-GAAP financial measure should not be considered an alternative to GAAP.

39

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

We believe the presentation of net interest income on a fully taxable equivalent basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice. Interest income per the Condensed Consolidated Statements of Income is reconciled to net interest income adjusted to a fully taxable equivalent basis on page 41 for the six-months endedJune 30, 2013 and 2012.

Results of Operations

Six-Months EndedJune 30, 2013 Compared to Six-Months EndedJune 30, 2012

Net Income

For the six-months endedJune 30, 2013, First Commonwealth had net income of $16.4 million, or $0.17 per share, compared to net income of $23.4 million or $0.22 per share in the six-months endedJune 30, 2012. The decrease in net income was caused by declines in net interest and noninterest income as well as a higher provision for credit losses, partially offset by reductions in noninterest expense.

Net Interest Income

Net interest income, on a fully taxable equivalent basis, was $93.2 million in the first six months of 2013 compared to $97.4 million for the same period in 2012. Net interest income comprises a majority of our operating revenue (net interest income before the provision plus noninterest income) at 75% and 74% for the six-months endedJune 30, 2013 and 2012, respectively.

Net interest margin, on a fully taxable equivalent basis, was 3.40% for the six-months endedJune 30, 2013 compared to 3.68% for the six-months endedJune 30, 2012. The 28 basis point decline was affected by both changes in the level of interest rates and the amount and composition of interest-earning assets and interest-bearing liabilities. The recognition in 2012 of $1.0 million in interest income related to the payoff of a loan that was previously in nonaccrual status also contributed to the decline, increasing the net interest margin by four basis points for the six-months endedJune 30, 2012.

The low interest rate environment and resulting decline in rates earned on interest-earning assets challenged the net interest margin during the six-months endedJune 30, 2013. New volume spreads for the commercial portfolio resulted from a disciplined pricing approach; however competitive pricing pressures have resulted in reduced spreads on consumer loans, specifically home equity and indirect loans. Also contributing to lower yields on earnings assets is the runoff of existing assets which are earning higher interest rates and growth in the investment portfolio. Growth in earning assets has helped to offset the impact of runoff, as average earning assets for the six-months endedJune 30, 2013 increased $200.5 million, or 4%, compared to the comparable period in 2012. However, approximately 44% of the growth in earning assets relates to the investment portfolio, which is earning approximately 200 basis points less than growth in the loan portfolio. Investment portfolio purchases during the six-months ended June 30, 2013, have been primarily in mortgage-related assets with approximate durations of 36-48 months. The majority of these investments have monthly principal payments which will provide for reinvestment opportunities as interest rates rise. It is expected that the challenges to the net interest margin will continue as $2.8 billion in interest-sensitive assets either reprice or mature over the next twelve months.

The taxable equivalent yield on interest-earning assets was 3.82% for the six-months endedJune 30, 2013, a decrease of 47 basis points from the 4.29% yield for the same period in 2012. This decline can be attributed to the repricing of our adjustable rate assets in a declining interest rate environment as well as lower interest rates available on new investments and loans. Reductions in the cost of interest-bearing liabilities partially offset the impact of lower yields on interest-earning assets. The cost of interest-bearing liabilities was 0.53% for the six-months endedJune 30, 2013, compared to 0.76% for the same period in 2012.

Comparing the six-months endedJune 30, 2013 with the same period in 2012, changes in interest rates negatively impacted net interest income by $7.0 million. The lower yield on interest-earning assets adversely impacted net interest income by $12.7 million, while the decline in the cost of interest-bearing liabilities had a positive impact of $5.7 million. We have been able to partially mitigate the impact of lower interest rates and the effect on net interest income through improving the mix of deposit and borrowed funds, loan growth and increasing our investment volumes within established interest rate risk management guidelines. As part of these strategies, on April 1, 2013, the Company redeemed $32.5 million in issued and outstanding 9.50% mandatorily redeemable capital securities issued by First Commonwealth Capital Trust I and replaced the funds with lower cost funding alternatives.

While decreases in interest rates and yields compressed the net interest margin, increases in average interest-earning assets tempered the effect on net interest income. Changes in the volumes of interest-earning assets and interest-bearing liabilities

40

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

positively impacted net interest income by $2.8 million in the six-months endedJune 30, 2013 compared to the same period in 2012. Higher levels of interest-earning assets resulted in an increase of $3.9 million in interest income, while volume changes primarily attributed to long term borrowings increased interest expense by $1.1 million.

Positively affecting net interest income was a $74.5 million increase in average net free funds at June 30, 2013 as compared to June 30, 2012. Average net free funds are the excess of noninterest-bearing demand deposits, other noninterest-bearing liabilities and shareholders’ equity over noninterest-earning assets. The largest component of the increase in net free funds was an increase in noninterest-bearing demand deposit average balances as a result of marketing promotions aimed at attracting new and retaining existing customers. Additionally, higher costing time deposits continue to mature and reprice to lower costing certificates or other deposit alternatives. Average time deposits for the six-months endedJune 30, 2013 decreased $5.1 million compared to the comparable period in 2012. The positive change in deposit mix is expected to continue as $700.8 million in certificates of deposits either mature or reprice over the next twelve months.

The following table reconciles interest income in the Condensed Consolidated Statements of Income to net interest income adjusted to a fully taxable equivalent basis for the six-months endedJune 30:

	2013		2012
	(dollars in thousands)
Interest income per Condensed Consolidated Statements of Income	$	102,742	$	111,328
Adjustment to fully taxable equivalent basis	2,058		2,307
Interest income adjusted to fully taxable equivalent basis (non-GAAP)	104,800		113,635
Interest expense	11,626		16,240
Net interest income adjusted to fully taxable equivalent basis (non-GAAP)	$	93,174	$	97,395

41

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The following is an analysis of the average balance sheets and net interest income on a fully taxable equivalent basis, for the six-months endedJune 30:

	2013							2012
	Average Balance			Income / Expense (a)		Yield or Rate		Average Balance			Income / Expense (a)		Yield or Rate
	(dollars in thousands)
Assets
Interest-earning assets:
Interest-bearing deposits with banks	$	3,149		$	3	0.19	%	$	3,580		$	2	0.11	%
Tax-free investment securities (e)	85			3		7.40		454			16		7.09
Taxable investment securities	1,281,409			14,494		2.28		1,192,914			16,868		2.84
Loans, net of unearned income (b)(c)	4,242,800			90,300		4.29		4,129,977			96,749		4.71
Total interest-earning assets	5,527,443			104,800		3.82		5,326,925			113,635		4.29
Noninterest-earning assets:
Cash	71,883							74,069
Allowance for credit losses	(66,572		)					(64,203		)
Other assets	568,260							586,509
Total noninterest-earning assets	573,571							596,375
Total Assets	$	6,101,014						$	5,923,300
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand deposits (d)	$	677,879		$	130	0.04	%	$	636,382		$	158	0.05	%
Savings deposits (d)	1,940,790			1,682		0.17		1,928,454			2,299		0.24
Time deposits	1,179,196			6,386		1.09		1,184,338			9,433		1.60
Short-term borrowings	400,827			507		0.26		378,407			506		0.27
Long-term debt	250,569			2,921		2.35		195,614			3,844		3.95
Total interest-bearing liabilities	4,449,261			11,626		0.53		4,323,195			16,240		0.76
Noninterest-bearing liabilities and shareholders’ equity:
Noninterest-bearing demand deposits (d)	861,486							780,611
Other liabilities	48,064							50,519
Shareholders’ equity	742,203							768,975
Total noninterest-bearing funding sources	1,651,753							1,600,105
Total Liabilities and Shareholders’ Equity	$	6,101,014						$	5,923,300
Net Interest Income and Net Yield on Interest-Earning Assets				$	93,174	3.40	%				$	97,395	3.68	%

(a) Income on interest-earning assets has been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate.

(b) Income on nonaccrual loans is accounted for on the cash basis, and the loan balances are included in interest-earning assets.

(c) Loan income includes loan fees earned.

(d) Average balances do not include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes.

(e) Yield for six-months endedJune 30, 2013 calculated using fully taxable equivalent interest income of $3,112.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The following table shows the effect of changes in volumes and rates on interest income and interest expense for the six-months endedJune 30, 2013 compared with June 30, 2012:

	Analysis of Year-to-Year Changes in Net Interest Income
	Total Change			Change Due To Volume			Change Due To Rate (a)
	(dollars in thousands)
Interest-earning assets:
Interest-bearing deposits with banks	$	1		$	—		$	1
Tax-free investment securities	(13		)	(13		)	—
Taxable investment securities	(2,374		)	1,250			(3,624		)
Loans	(6,449		)	2,642			(9,091		)
Total interest income (b)	(8,835		)	3,879			(12,714		)
Interest-bearing liabilities:
Interest-bearing demand deposits	(28		)	10			(38		)
Savings deposits	(617		)	15			(632		)
Time deposits	(3,047		)	(41		)	(3,006		)
Short-term borrowings	1			30			(29		)
Long-term debt	(923		)	1,079			(2,002		)
Total interest expense	(4,614		)	1,093			(5,707		)
Net interest income	$	(4,221	)	$	2,786		$	(7,007	)

(a) Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to rate variances.

(b) Changes in interest income have been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate.

Provision for Credit Losses

The provision for credit losses is determined based on management’s estimates of the appropriate level of allowance for credit losses needed or probable losses inherent in the loan portfolio, after giving consideration to charge-offs and recoveries for the period. The provision for credit losses is an amount added to the allowance against which credit losses are charged.

The table below provides a breakout of the provision for credit losses by loan category for the six-months endedJune 30:

	2013					2012
	Dollars			Percentage		Dollars			Percentage
	(dollars in thousands)
Commercial, financial, agricultural and other	$	10,680		70	%	$	4,495		56	%
Real estate construction	14			—		1,493			18
Residential real estate	362			2		554			7
Commercial real estate	2,817			19		(968		)	(12	)
Loans to individuals	1,428			9		1,439			18
Unallocated	(4		)	—		1,071			13
Total	$	15,297		100	%	$	8,084		100	%

The provision for credit losses for the six-months endedJune 30, 2013increased in comparison to the six-months endedJune 30, 2012, by $7.2 million or 89%. The majority of the 2013 provision expense, or $13.5 million of the $15.3 million, related to two commercial borrowers. Deterioration in the value of certain assets of a local real estate developer, for which net equity is our expected repayment source, resulted in additional provision expense of $10.4 million and a related charge-off of $13.1 million. The carrying value of this loan is now $5.5 million, with a specific reserve of $2.7 million. In addition, two non-accrual commercial real estate loans which were sold in the first quarter of 2013, required a combined charge-off and related provision expense of $3.1 million. These loans relate to a $15.5 million loan secured by an apartment building in eastern

43

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Pennsylvania and a $1.7 million loan secured by mixed use property in eastern Pennsylvania. Also impacting provision expense during 2013, is the relief of $0.9 million in specific reserves related to a $2.5 million loan to a western Pennsylvania in-patient facility as a result of the pay-off of the loan in early July 2013 and the relief of $0.4 million in specific reserves related to a western Pennsylvania excavation company which was returned to accrual status during the second quarter of 2013.

Credit losses in the first six months of 2013, exceeded the provision for credit losses due to charge-offs taken on two nonaccrual loans for which the specific reserves were provided for in 2012. This includes $2.8 million charge-off taken on a loan to a western Pennsylvania non-profit healthcare facility who recently filed for bankruptcy and a $2.5 million charge-off for a western Pennsylvania student housing project for which the bank has begun the foreclosure process.

The allowance for credit losses was $57.5 million, or 1.36%, of total loans outstanding at June 30, 2013, compared to $67.2 million, or 1.60%, at December 31, 2012 and $61.7 million, or 1.48%, at June 30, 2012. The decline compared to December 31, 2012, can be attributed to a $64.9 million, or 22%, decrease in criticized loans, which includes a reduction of $34.5 million, or 32%, in nonperforming loans. Nonperforming loans as a percentage of total loans decreased to 1.73% at June 30, 2013 from 2.56% at December 31, 2012 and 2.04% as of June 30, 2012. The allowance to nonperforming loan ratio was 79%, 62% and 73% as of June 30, 2013, December 31, 2012, and June 30, 2012, respectively.

Below is an analysis of the consolidated allowance for credit losses for the six-months endedJune 30, 2013 and 2012 and the year-ended December 31, 2012:

	June 30, 2013		June 30, 2012		December 31, 2012
	(dollars in thousands)
Balance, beginning of period	$	67,187	$	61,234	$	61,234
Loans charged off:
Commercial, financial, agricultural and other	14,221		3,668		5,207
Real estate construction	755		340		3,601
Residential real estate	643		2,454		3,828
Commercial real estate	9,238		541		851
Loans to individuals	1,755		1,738		3,482
Total loans charged off	26,612		8,741		16,969
Recoveries of loans previously charged off:
Commercial, financial, agricultural and other	264		275		443
Real estate construction	59		92		582
Residential real estate	812		282		422
Commercial real estate	108		186		410
Loans to individuals	337		264		521
Total recoveries	1,580		1,099		2,378
Net credit losses	25,032		7,642		14,591
Provision charged to expense	15,297		8,084		20,544
Balance, end of period	$	57,452	$	61,676	$	67,187

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Noninterest Income

The following table presents the components of noninterest income for the six-months endedJune 30:

	2013		2012		$ Change			% Change
	(dollars in thousands)
Noninterest Income:
Trust income	$	3,271	$	3,149	$	122		4	%
Service charges on deposit accounts	7,216		7,239		(23		)	—
Insurance and retail brokerage commissions	2,801		3,094		(293		)	(9	)
Income from bank owned life insurance	2,860		2,904		(44		)	(2	)
Card related interchange income	6,678		6,399		279			4
Other income	5,215		6,382		(1,167		)	(18	)
Subtotal	28,041		29,167		(1,126		)	(4	)
Net securities gains	8		—		8			N/A
Gain on sale of assets	700		3,559		(2,859		)	(80	)
Derivatives mark to market	1,067		750		317			42
Total noninterest income	$	29,816	$	33,476	$	(3,660	)	(11	)%

Noninterest income, excluding net securities gains, gain on sale of assets and the derivative mark to market adjustment decreased$1.1 million, or 4%, for the first six months of 2013 compared to 2012. The most notable change in this total is the $1.2 milliondecrease in the other income category, which is largely attributable to a $0.9 million decline in income from other real estate owned. The change in other real estate owned income is primarily the result of rental income received in 2012 from a western Pennsylvania office complex foreclosed on at the end of the first quarter of 2011 and sold in March 2012.

Total noninterest income decreased$3.7 million in comparison to the six-months endedJune 30, 2012. The most significant change in noninterest income, in addition to the aforementioned changes, was a $2.9 milliondecrease in gain on sale of assets. The higher level of gains in 2012 is primarily the result of a $2.9 million gain recognized on the sale of two commercial real estate loans in the first half of 2012 compared to gains of $0.4 million recognized on the sale of loans in the first half of 2013.

Noninterest Expense

The following table presents the components of noninterest expense for the six-months endedJune 30:

	2013		2012		$ Change			% Change
	(dollars in thousands)
Noninterest Expense:
Salaries and employee benefits	$	43,290	$	44,121	$	(831	)	(2	)%
Net occupancy expense	6,856		6,707		149			2
Furniture and equipment expense	6,569		6,208		361			6
Data processing expense	3,019		3,359		(340		)	(10	)
Pennsylvania shares tax expense	2,707		2,693		14			1
Intangible amortization	655		742		(87		)	(12	)
Collection and repossession expense	2,002		3,369		(1,367		)	(41	)
Other professional fees and services	1,917		2,139		(222		)	(10	)
FDIC insurance	2,134		2,499		(365		)	(15	)
Other operating expenses	12,144		12,974		(830		)	(6	)
Subtotal	81,293		84,811		(3,518		)	(4	)
Loss on sale or write-down of assets	530		3,789		(3,259		)	(86	)
Loss on redemption of subordinated debt	1,629		—		1,629			N/A
Total noninterest expense	$	83,452	$	88,600	$	(5,148	)	(6	)%

45

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Noninterest expense, excluding loss on sale or write-down of assets and loss on redemption of subordinated debt, decreased $3.5 million, or 4%, for the the first six months of 2013 compared to 2012. The 2013decrease is largely attributable to lower levels of expenses related to problem credits. Specifically, collection and repossession expense declined $1.4 million, or 41%, as a result of resolving several large credits during the past twelve months.

Salaries and benefits expense decreased$0.8 million in 2013 despite a $0.8 million increase in hospitalization expense, primarily due to a $0.5 million decrease in severance costs and a $0.4 million decrease in expense related to the employee stock ownership plan ("ESOP"). The borrowing that leveraged the shares of the ESOP was paid off in November 2012 and the plan was terminated in December of 2012. As a result, there is no longer any compensation expense related to the plan.

Data processing expense decreased $0.3 million as a result of a 2013 change in vendors which provided savings of $0.4 million in ATM/debit card related expenses.

The $0.4 million decrease in FDIC insurance can be attributed to improved credit metrics used when determining assessment rates.

Other operating expenses decreased $0.8 million in 2013, as a result a $0.8 million decrease in the reserve for off-balance sheet commitments as well as a $0.4 million decrease in both advertising and contributions. These decreases were partially offset by an $0.8 million reserve established for resolution of a 1099 reporting issue.

Additionally, the decline in loss on sale or write-down of assets is primarily attributable to the $2.8 million write-down on one OREO property recognized in the first half of 2012. There were no material OREO write-downs recognized in the first half of 2013.

As a result of the April 1, 2013 early redemption of $32.5 million in redeemable capital securities issued by First Commonwealth Capital Trust I, a loss of $1.6 million was recognized. This loss includes a $1.1 million prepayment penalty and $0.5 million of unamortized deferred issuance costs.

Income Tax

The provision for income taxes decreased$2.7 million for the six-months endedJune 30, 2013, compared to the corresponding period in 2012. The lower provision for income taxes was primarily the result of a $9.7 million decline in the level of net income before tax.

We applied the “annual effective tax rate approach” to determine the provision for income taxes, which applies an annual forecast of tax expense as a percentage of expected full year income for the six-months endedJune 30, 2013 and 2012.

We generate an annual effective tax rate that is less than the statutory rate of 35% due to benefits resulting from tax-exempt interest, income from bank owned life insurance and tax benefits associated with low income housing tax credits, which are relatively consistent regardless of the level of pretax income. The level of tax benefits that reduce our tax rate below the 35% statutory rate produced an annual effective tax rate of 26.2% and 26.7% for the six-months endedJune 30, 2013 and 2012, respectively.

As of June 30, 2013, our deferred tax assets totaled $70.0 million. Based on our evaluation as of June 30, 2013, we determined that it is more likely than not that all of these assets will be realized. As a result, we did not record a valuation allowance against these assets. In evaluating the need for a valuation allowance, we estimate future taxable income based on management approved forecasts, evaluation of historical earning levels and consideration of potential tax strategies. If future events differ from our current forecasts, we may need to establish a valuation allowance, which could have a material impact on our financial condition and results of operations.

Three-Months EndedJune 30, 2013 Compared to Three-Months EndedJune 30, 2012

Net Income

For the three-months endedJune 30, 2013, First Commonwealth had net income of $5.8 million, or $0.06 per share, compared to net income of $12.3 million or $0.12 per share in the three-months endedJune 30, 2012. The decrease in net income was caused by declines in net interest and noninterest income as well as a higher provision for credit losses.

46

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Net Interest Income

Net interest income, on a fully taxable equivalent basis, was $46.7 million in the three-months endedJune 30, 2013 compared to $48.0 million for the same period in 2012.

Net interest margin, on a fully taxable equivalent basis, was 3.35% for the three-months endedJune 30, 2013 compared to 3.61% for the three-months endedJune 30, 2012. The 26 basis point decline in the net interest margin was affected by both changes in the level of interest rates and the amount and composition of interest-earning assets and interest-bearing liabilities.

Despite a disciplined pricing approach for maintaining the level of new volume spreads on commercial loans, runoff of existing assets earning higher interest rates has continued to provide for lower yields on earning assets. Additionally, competitive pricing pressures on consumer loans has resulted in narrowing spreads for these loans. Growth in earning assets has helped to offset the impact of runoff, as average earning assets for the three-months endedJune 30, 2013 increased $238.2 million, or 4%, compared to the comparable period in 2012. However, approximately 51% of the growth in earning assets relates to the investment portfolio, which is earning approximately 200 basis points less than the growth in the loan portfolio.

The taxable equivalent yield on interest-earning assets was 3.73% for the three-months endedJune 30, 2013, a decrease of 46 basis points from the 4.19% yield for the same period in 2012. This decline can be attributed to the repricing of our adjustable rate assets in a declining rate environment as well as lower interest rates available on new investments and loans. Reductions in the cost of interest-bearing liabilities partially offset the impact of lower yields on interest-earning assets. The cost of interest-bearing liabilities was 0.47% for the three-months endedJune 30, 2013, compared to 0.72% for the same period in 2012.

Comparing the three-months endedJune 30, 2013 with the same period in 2012, changes in interest rates negatively impacted net interest income by $2.8 million. The lower yield on interest-earning assets adversely impacted net interest income by $6.0 million, while the decline in the cost of interest-bearing liabilities had a positive impact of $3.1 million. We have been able to partially mitigate the impact of lower interest rates and the effect on net interest income through improving the mix of deposit and borrowed funds, loan growth and increasing our investment volumes within established interest rate risk management guidelines. As part of these strategies, on April 1, 2013, the Company redeemed $32.5 million in issued and outstanding 9.50% mandatorily redeemable capital securities issued by First Commonwealth Capital Trust I and replaced the funds with lower cost funding alternatives.

While decreases in interest rates and yields compressed the net interest margin, increases in average interest-earning assets tempered the effect on net interest income. Changes in the volumes of interest-earning assets and interest-bearing liabilities positively impacted net interest income by $1.6 million in the three-months endedJune 30, 2013 compared to the same period in 2012. Higher levels of interest-earning assets resulted in an increase of $2.2 million in interest income, while volume changes primarily attributed to the mix of deposits increased interest expense by $0.6 million.

Positively affecting net interest income was a $49.4 million increase in average net free funds at June 30, 2013 as compared to June 30, 2012. Average net free funds are the excess of noninterest-bearing demand deposits, other noninterest-bearing liabilities and shareholders’ equity over noninterest-earning assets. The largest component of the increase in net free funds was an increase in noninterest-bearing demand deposit average balances as a result of marketing promotions aimed at attracting new and retaining existing customers. Additionally, higher costing time deposits continue to mature and reprice to lower costing certificates or other deposit alternatives. Average time deposits for the three-months endedJune 30, 2013 increased $51.4 million, or 4%, compared to the comparable period in 2012 due to the purchase of brokered certificates of deposit which provide a lower costing funding source. The positive change in deposit mix is expected to continue as $700.8 million in certificates of deposits either mature or reprice over the next twelve months.

The following table reconciles interest income in the Condensed Consolidated Statements of Income to net interest income adjusted to a fully taxable equivalent basis for the three-months endedJune 30:

	2013		2012
	(dollars in thousands)
Interest income per Condensed Consolidated Statements of Income	$	50,981	$	54,712
Adjustment to fully taxable equivalent basis	1,030		1,090
Interest income adjusted to fully taxable equivalent basis (non-GAAP)	52,011		55,802
Interest expense	5,283		7,794
Net interest income adjusted to fully taxable equivalent basis (non-GAAP)	$	46,728	$	48,008

47

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The following is an analysis of the average balance sheets and net interest income on a fully taxable equivalent basis, for the three-months endedJune 30:

	2013							2012
	Average Balance			Income / Expense (a)		Yield or Rate		Average Balance			Income / Expense (a)		Yield or Rate
	(dollars in thousands)
Assets
Interest-earning assets:
Interest-bearing deposits with banks	$	2,954		$	2	0.27	%	$	3,384		$	1	0.12	%
Tax-free investment securities (e)	84			2		7.41		452			8		7.12
Taxable investment securities	1,327,714			7,349		2.22		1,207,053			8,298		2.76
Loans, net of unearned income (b)(c)	4,262,773			44,658		4.20		4,144,470			47,495		4.61
Total interest-earning assets	5,593,525			52,011		3.73		5,355,359			55,802		4.19
Noninterest-earning assets:
Cash	73,123							74,465
Allowance for credit losses	(64,333		)					(63,948		)
Other assets	569,028							579,371
Total noninterest-earning assets	577,818							589,888
Total Assets	$	6,171,343						$	5,945,247
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand deposits (d)	$	689,644		$	65	0.04	%	$	648,244		$	61	0.04	%
Savings deposits (d)	1,940,868			762		0.16		1,905,168			994		0.21
Time deposits	1,216,403			3,180		1.05		1,165,009			4,588		1.58
Short-term borrowings	445,249			287		0.26		422,361			279		0.27
Long-term debt	221,310			989		1.79		183,890			1,872		4.09
Total interest-bearing liabilities	4,513,474			5,283		0.47		4,324,672			7,794		0.72
Noninterest-bearing liabilities and shareholders’ equity:
Noninterest-bearing demand deposits (d)	873,827							796,555
Other liabilities	46,847							50,724
Shareholders’ equity	737,195							773,296
Total noninterest-bearing funding sources	1,657,869							1,620,575
Total Liabilities and Shareholders’ Equity	$	6,171,343						$	5,945,247
Net Interest Income and Net Yield on Interest-Earning Assets				$	46,728	3.35	%				$	48,008	3.61	%

(a) Income on interest-earning assets has been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate.

(b) Income on nonaccrual loans is accounted for on the cash basis, and the loan balances are included in interest-earning assets.

(c) Loan income includes loan fees earned.

(d) Average balances do not include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes.

(e) Yield for three months ended June 30, 2013 calculated using fully taxable equivalent interest income of $1,555.

48

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The following table shows the effect of changes in volumes and rates on interest income and interest expense for the three-months endedJune 30, 2013 compared with June 30, 2012:

	Analysis of Year-to-Year Changes in Net Interest Income
	Total Change			Change Due To Volume			Change Due To Rate (a)
	(dollars in thousands)
Interest-earning assets:
Interest-bearing deposits with banks	$	1		$	—		$	1
Tax-free investment securities	(6		)	(7		)	1
Taxable investment securities	(949		)	828			(1,777		)
Loans	(2,837		)	1,356			(4,193		)
Total interest income (b)	(3,791		)	2,177			(5,968		)
Interest-bearing liabilities:
Interest-bearing demand deposits	4			4			—
Savings deposits	(232		)	19			(251		)
Time deposits	(1,408		)	202			(1,610		)
Short-term borrowings	8			15			(7		)
Long-term debt	(883		)	381			(1,264		)
Total interest expense	(2,511		)	621			(3,132		)
Net interest income	$	(1,280	)	$	1,556		$	(2,836	)

(a) Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to rate variances.

(b) Changes in interest income have been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate.

Provision for Credit Losses

The provision for credit losses is determined based on management’s estimates of the appropriate level of allowance for credit losses needed or probable losses inherent in the loan portfolio, after giving consideration to charge-offs and recoveries for the period. The provision for credit losses is an amount added to the allowance against which credit losses are charged.

The table below provides a breakout of the provision for credit losses by loan category for the three-months endedJune 30:

	2013					2012
	Dollars			Percentage		Dollars			Percentage
	(dollars in thousands)
Commercial, financial, agricultural and other	$	9,847		91	%	$	2,876		67	%
Real estate construction	1,137			11		1,688			39
Residential real estate	922			8		510			12
Commercial real estate	(1,659		)	(15	)	(1,455		)	(34	)
Loans to individuals	527			5		608			14
Unallocated	26			—		70			2
Total	$	10,800		100	%	$	4,297		100	%

The provision for credit losses for the three-months endedJune 30, 2013increased in comparison to the three-months endedJune 30, 2012, by $6.5 million or 151%. The majority of the provision for credit losses during the three-months endedJune 30, 2013, or $10.1 million of the $10.8 million, was the result of one commercial borrower. As previously noted, deterioration in the value of certain assets of a local real estate developer, for which net equity is our expected repayment source, resulted in additional provision expense of $10.1 million during the three-months ended June 30, 2013. Also impacting provision expense is the relief of $0.3 million in specific reserves related to a $2.5 million loan to a western Pennsylvania in-patient facility resulting from the pay-off of the loan in early July 2013 and the relief of $0.4 million in specific reserves related to a western

49

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Pennsylvania excavation company. Credit losses in the second quarter exceeded the provision for credit losses due to the $10.1 million impact noted above.

Below is an analysis of the consolidated allowance for credit losses for the three-months endedJune 30, 2013 and 2012 and March 31, 2013:

	June 30, 2013		June 30, 2012		March 31, 2013
	(dollars in thousands)
Balance, beginning of period	$	62,262	$	60,732	$	67,187
Loans charged off:
Commercial, financial, agricultural and other	13,683		1,754		538
Real estate construction	671		150		84
Residential real estate	321		742		322
Commercial real estate	694		306		8,544
Loans to individuals	767		797		988
Total loans charged off	16,136		3,749		10,476
Recoveries of loans previously charged off:
Commercial, financial, agricultural and other	136		37		128
Real estate construction	47		36		12
Residential real estate	89		149		723
Commercial real estate	11		28		97
Loans to individuals	243		146		94
Total recoveries	526		396		1,054
Net credit losses	15,610		3,353		9,422
Provision charged to expense	10,800		4,297		4,497
Balance, end of period	$	57,452	$	61,676	$	62,262

Noninterest Income

The following table presents the components of noninterest income for the three-months endedJune 30:

	2013		2012		$ Change			% Change
	(dollars in thousands)
Noninterest Income:
Trust income	$	1,608	$	1,607	$	1		—	%
Service charges on deposit accounts	3,815		3,737		78			2
Insurance and retail brokerage commissions	1,384		1,670		(286		)	(17	)
Income from bank owned life insurance	1,432		1,459		(27		)	(2	)
Card related interchange income	3,490		3,285		205			6
Other income	2,695		2,749		(54		)	(2	)
Subtotal	14,424		14,507		(83		)	(1	)
Net securities gains	4		—		4			N/A
Gain on sale of assets	425		1,444		(1,019		)	(71	)
Derivatives mark to market	78		145		(67		)	(46	)
Total noninterest income	$	14,931	$	16,096	$	(1,165	)	(7	)%

Noninterest income, excluding net securities gains, gain on sale of assets and the derivative mark to market adjustment decreased$0.1 million, or 1%, for the three-months endedJune 30, 2013 compared to the same period in 2012.

Total noninterest income decreased$1.2 million in comparison to the three-months endedJune 30, 2012. The most significant changes in noninterest income, in addition to the aforementioned changes, was a $1.0 milliondecrease in gain on sale of assets. The higher level of gains in 2012 is primarily the result of a $1.1 million gain recognized on the sale of a loan in April 2012 compared to a $0.3 million gain recognized on the sale of loans in June 2013.

50

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Noninterest Expense

The following table presents the components of noninterest expense for the three-months endedJune 30:

	2013		2012		$ Change			% Change
	(dollars in thousands)
Noninterest Expense:
Salaries and employee benefits	$	21,497	$	22,363	$	(866	)	(4	)%
Net occupancy expense	3,221		3,303		(82		)	(2	)
Furniture and equipment expense	3,297		3,024		273			9
Data processing expense	1,503		1,796		(293		)	(16	)
Pennsylvania shares tax expense	1,517		1,510		7			—
Intangible amortization	297		371		(74		)	(20	)
Collection and repossession expense	851		670		181			27
Other professional fees and services	948		940		8			1
FDIC insurance	1,084		1,262		(178		)	(14	)
Other operating expenses	5,811		6,109		(298		)	(5	)
Subtotal	40,026		41,348		(1,322		)	(3	)
Loss on sale or write-down of assets	343		500		(157		)	(31	)
Loss on redemption of subordinated debt	1,629		—		1,629			N/A
Total noninterest expense	$	41,998	$	41,848	$	150		—	%

Noninterest expense before loss on sale or write-down of assets and the loss on redemption of subordinated debt decreased$1.3 million, or 3%, when comparing the three-months endedJune 30, 2013 to the same period in 2012 primarily due to a $0.9 million decrease in salaries and employee benefits expense.

Salaries and benefits expense decreased$0.9 million in the three-months ended June 30, 2013 as the result of a $0.6 million decrease in severance costs and a $0.2 million decrease in expense related to the ESOP benefit. As previously noted, there was no compensation expense in 2013 related to the ESOP because the plan was terminated in December 2012.

The $0.3 milliondecrease in data processing expense can be attributed to savings in ATM/debit card related expenses as the result of a vendor change in 2013.

Offsetting the reduced levels of non-interest expense noted above, is the recognition of a $1.6 million loss on the redemption of subordinated debt during the three-months ended June 30, 2013. This debt was redeemed on April 1, 2013 and the loss recorded reflects the premium paid at redemption and the recognition of unamortized deferred issuance costs.

Income Tax

The provision for income taxes decreased$2.5 million for the three-months endedJune 30, 2013, compared to the corresponding period in 2012. The lower provision for income taxes was primarily the result of a $9.0 million decline in the level of net income before tax.

We applied the “annual effective tax rate approach” to determine the provision for income taxes, which applies an annual forecast of tax expense as a percentage of expected full year income for the three-months endedJune 30, 2013 and 2012.

We generate an annual effective tax rate that is less than the statutory rate of 35% due to benefits resulting from tax-exempt interest, income from bank owned life insurance and tax benefits associated with low income housing tax credits, which are relatively consistent regardless of the level of pretax income. The level of tax benefits that reduce our tax rate below the 35% statutory rate produced an annual effective tax rate of 25.7% and 27.0% for the three-months endedJune 30, 2013 and 2012, respectively.

Liquidity

Liquidity refers to our ability to meet the cash flow requirements of depositors and borrowers as well as our operating cash needs with cost-effective funding. We generate funds to meet these needs primarily through the core deposit base of First Commonwealth Bank and the maturity or repayment of loans and other interest-earning assets, including investments. During

51

the first six months of 2013, liquidity provided from the $175.2 million increase in deposits and proceeds of $20.3 million from the sale of loans provided funds to originate loans and purchase investment securities. We also have available unused wholesale sources of liquidity, including overnight federal funds and repurchase agreements, advances from the FHLB of Pittsburgh, borrowings through the discount window at the Federal Reserve Bank (“FRB”) of Cleveland and access to certificates of deposit through brokers.

In order to increase and diversify our funding sources, we participate in the Certificate of Deposit Account Registry Services (“CDARS”) program as part of an Asset/Liability Committee (“ALCO”) strategy to increase and diversify funding sources. As of June 30, 2013, our maximum borrowing capacity under this program was $921.1 million and as of that date there was $297.8 million outstanding. We also participate in a reciprocal program which allows our depositors to receive expanded FDIC coverage by placing multiple certificates of deposit at other CDARS member banks. As of June 30, 2013, our outstanding certificates of deposits from this program have an average weighted rate of 0.27% and an average original term of 209 days.

An additional source of liquidity is the FRB Borrower-in-Custody of Collateral program which enables us to pledge certain loans, not being used as collateral at the FHLB, as collateral for borrowings at the FRB. At June 30, 2013, the borrowing capacity under this program totaled $809.5 million and there were no amounts outstanding.

As of June 30, 2013, our maximum borrowing capacity at the FHLB of Pittsburgh was $1.4 billion and as of that date amounts used against this capacity included $454.3 million in outstanding borrowings and $30.8 million in letter of credit commitments used for pledging public funds and other non-deposit purposes.

First Commonwealth Financial Corporation has an unsecured $15.0 million line of credit with another financial institution and as of June 30, 2013 there are no amounts outstanding on this line.

First Commonwealth’s long-term liquidity source is its core deposit base. Core deposits are the most stable source of liquidity a bank can have due to the long-term relationship with a deposit customer. The level of deposits during any period is influenced by factors outside of management’s control, such as the level of short-term and long-term market interest rates and yields offered on competing investments, such as money market mutual funds. The following table shows a breakdown of the components of First Commonwealth’s deposits:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Noninterest-bearing demand deposits	$	900,940	$	883,269
Interest-bearing demand deposits	101,505		97,963
Savings deposits	2,535,592		2,543,990
Time deposits	1,195,010		1,032,659
Total	$	4,733,047	$	4,557,881

During the first six months of 2013, total deposits increased$175.2 million due to a $162.4 millionincrease in time deposits, offset by a decrease of $4.9 million in interest-bearing and savings deposits. The increase in time deposits is due to growth in wholesale certificates of deposits of $227.6 million. These deposits offer a more attractive source of funding as they generally have a lower cost of funds than traditional certificates of deposit.

Market Risk

The following gap analysis compares the difference between the amount of interest-earning assets and interest-bearing liabilities subject to repricing over a period of time. The ratio of rate sensitive assets to rate sensitive liabilities repricing within a one-year period was 0.73 and 0.76 at June 30, 2013 and December 31, 2012, respectively. A ratio of less than one indicates a higher level of repricing liabilities over repricing assets over the next twelve months. The level of First Commonwealth's ratio is largely driven by the modeling of interest-bearing non-maturity deposits, which are included in the analysis as repricing within one year.

Gap analysis has limitations due to the static nature of the model that holds volumes and consumer behaviors constant in all economic and interest rate scenarios. Rate sensitive assets to rate sensitive liabilities repricing in one year could indicate reduced net interest income in a rising interest rate scenario, and conversely, increased net interest income in a declining interest rate scenario. However, the gap analysis incorporates only the level of interest-earning assets and interest-bearing liabilities and

52

FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

not the sensitivity each has to changes in interest rates. The impact of the sensitivity to changes in interest rates is provided in the table below the gap analysis. Following is the gap analysis as of June 30, 2013 and December 31, 2012:

	June 30, 2013
	0-90 Days			91-180 Days			181-365 Days			Cumulative 0-365 Days			Over 1 Year Through 5 Years			Over 5 Years
	(dollars in thousands)
Loans	$	1,980,698		$	207,799		$	317,325		$	2,505,822		$	1,383,428		$	281,216
Investments	65,151			78,751			173,868			317,770			630,920			382,178
Other interest-earning assets	4,497			—			—			4,497			—			—
Total interest-sensitive assets (ISA)	2,050,346			286,550			491,193			2,828,089			2,014,348			663,394
Certificates of Deposit	396,964			98,958			204,920			700,842			485,706			8,462
Other deposits	2,637,097			—			—			2,637,097			—			—
Borrowings	514,129			115			7,712			521,956			131,150			5,524
Total interest-sensitive liabilitites (ISL)	3,548,190			99,073			212,632			3,859,895			616,856			13,986
Gap	$	(1,497,844	)	$	187,477		$	278,561		$	(1,031,806	)	$	1,397,492		$	649,408
ISA/ISL	0.58			2.89			2.31			0.73			3.27			47.43
Gap/Total assets	24.34		%	3.05		%	4.53		%	16.77		%	22.71		%	10.55		%

	December 31, 2012
	0-90 Days			91-180 Days			181-365 Days			Cumulative 0-365 Days			Over 1 Year Through 5 Years			Over 5 Years
	(dollars in thousands)
Loans	$	1,950,002		$	222,705		$	297,530		$	2,470,237		$	1,436,472		$	203,477
Investments	61,914			78,904			142,411			283,229			579,320			328,546
Other interest-earning assets	4,258			—			—			4,258			—			—
Total interest-sensitive assets (ISA)	2,016,174			301,609			439,941			2,757,724			2,015,792			532,023
Certificates of Deposit	208,096			176,556			126,490			511,142			512,040			9,477
Other deposits	2,641,953			—			—			2,641,953			—			—
Borrowings	428,545			29,703			230			458,478			138,652			39,318
Total interest-sensitive liabilitites (ISL)	3,278,594			206,259			126,720			3,611,573			650,692			48,795
Gap	$	(1,262,420	)	$	95,350		$	313,221		$	(853,849	)	$	1,365,100		$	483,228
ISA/ISL	0.61			1.46			3.47			0.76			3.10			10.90
Gap/Total assets	21.06		%	1.59		%	5.23		%	14.24		%	22.77		%	8.06		%

The following table presents an analysis of the potential sensitivity of our annual net interest income to gradual changes in interest rates over a 12 month time frame versus if rates remained unchanged utilizing a flat balance sheet.

	Net interest income change (12 months)
	-200			-100			+100			+200
	(dollars in thousands)
June 30, 2013	$	(8,366	)	$	(4,473	)	$	(27	)	$	855
December 31, 2012	(8,204		)	(4,767		)	459			2,153

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The analysis and model used to quantify the sensitivity of our net interest income becomes less reliable in a decreasing 200 basis point scenario given the current low interest rate environment. Results of the 100 and 200 basis point decline in interest rate scenario are affected by the fact that many of our interest-bearing liabilities are at rates below 1% and therefore cannot decline 100 or 200 basis points, yet our interest-sensitive assets are able to decline by these amounts. In the six-months endedJune 30, 2013 and 2012, the cost of our interest-bearing liabilities averaged 0.53% and 0.76%, respectively, and the yield on our average interest-earning assets, on a fully taxable equivalent basis, averaged 3.82% and 4.29%, respectively.

The ALCO is responsible for the identification and management of interest rate risk exposure. As such, the ALCO continuously evaluates strategies to manage our exposure to interest rate fluctuations.

Asset/liability models require certain assumptions be made, such as prepayment rates on earning assets and pricing impact on non-maturity deposits, which may differ from actual experience. These business assumptions are based upon our experience, business plans and published industry experience. While management believes such assumptions to be reasonable, there can be no assurance that modeled results will approximate actual results.

Credit Risk

First Commonwealth maintains an allowance for credit losses at a level deemed sufficient for losses inherent in the loan portfolio at the date of each statement of financial condition. Management reviews the adequacy of the allowance on a quarterly basis to ensure that the provision for credit losses has been charged against earnings in an amount necessary to maintain the allowance at a level that is appropriate based on management’s assessment of probable estimated losses.

First Commonwealth’s methodology for assessing the appropriateness of the allowance for credit losses consists of several key elements. These elements include an assessment of individual impaired loans with a balance greater than $0.1 million, loss experience trends, delinquency and other relevant factors. While allocations are made to specific loans and pools of loans, the total allowance is available for all loan losses.

Nonperforming loans include nonaccrual loans and loans classified as troubled debt restructurings. Nonaccrual loans represent loans on which interest accruals have been discontinued. Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the deteriorating financial position of the borrower, who could not obtain comparable terms from alternative financing sources. In the first six months of 2013, thirty-two loans totaling $2.7 million were identified as troubled debt restructuring. Please refer to Note 10, “Loans and Allowance for Credit Losses,” for additional information on troubled debt restructuring.

We discontinue interest accruals on a loan when, based on current information and events, it is probable that we will be unable to fully collect principal or interest due according to the contractual terms of the loan. A loan is also placed in nonaccrual status when, based on regulatory definitions, the loan is maintained on a “cash basis” due to the weakened financial condition of the borrower. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans which are placed in nonaccrual status at 150 days past due.

Nonperforming loans are closely monitored on an ongoing basis as part of our loan review and work-out process. The probable risk of loss on these loans is evaluated by comparing the loan balance to the fair value of any underlying collateral or the present value of projected future cash flows. Losses or specifically assigned allowance for loan losses are recognized where appropriate.

The allowance for credit losses was $57.5 million at June 30, 2013 or 1.36% of total loans outstanding compared to 1.60% reported at December 31, 2012 and 1.48% at June 30, 2012. The decline in the June 30, 2013 ratio when compared to December 31, 2012 can be attributed to an $8.1 million decline in specific reserves on nonperforming loans, primarily due to charge-offs taken during quarter. In addition, nonperforming balances decreased $34.5 million during the 2013. Criticized loans totaled $223.6 million at June 30, 2013 and represented 5% of the loan portfolio. The level of criticized loans decreased as of June 30, 2013 when compared to December 31, 2012, by $64.9 million, or 22%. Delinquency on accruing loans for the same period decreased$5.4 million, or 25%.

The allowance for credit losses as a percentage of nonperforming loans was 78.60% as of June 30, 2013 compared to 62.47% at December 31, 2012 and 72.61% at June 30, 2012. The amount of allowance related to nonperforming loans was determined by using fair values obtained from current appraisals and updated discounted cash flow analyses. The allowance for credit losses includes specific allocations of $9.7 million related to nonperforming loans covering 13% of the total nonperforming balance.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

Management believes that the allowance for credit losses is at a level deemed sufficient to absorb losses inherent in the loan portfolio at June 30, 2013.

The following table provides information related to nonperforming assets, the allowance for credit losses and other credit-related measures:

	June 30								December 31, 2012
	2013				2012
	(dollars in thousands)
Nonperforming Loans:
Loans on nonaccrual basis	$	41,767			$	33,457			$	43,539
Troubled debt restructured loans on nonaccrual basis	17,519				45,235				50,979
Troubled debt restructured loans on accrual basis	13,811				6,251				13,037
Total nonperforming loans	$	73,097			$	84,943			$	107,555
Loans past due in excess of 90 days and still accruing	$	2,648			$	10,587			$	2,447
Other real estate owned	$	15,603			$	19,140			$	11,262
Loans outstanding at end of period	$	4,229,752			$	4,159,531			$	4,204,704
Average loans outstanding	$	4,242,800		(a)	$	4,129,977		(a)	$	4,165,292		(b)
Nonperforming loans as a percentage of total loans	1.73		%		2.04		%		2.56		%
Provision for credit losses	$	15,297		(a)	$	8,084		(a)	$	20,544		(b)
Allowance for credit losses	$	57,452			$	61,676			$	67,187
Net charge-offs	$	25,032		(a)	$	7,642		(a)	$	14,591		(b)
Net charge-offs as a percentage of average loans outstanding (annualized)	1.19		%		0.37		%		0.35		%
Provision for credit losses as a percentage of net charge-offs	61.11		%	(a)	105.78		%	(a)	140.80		%	(b)
Allowance for credit losses as a percentage of end-of-period loans outstanding	1.36		%		1.48		%		1.60		%
Allowance for credit losses as a percentage of nonperforming loans	78.60		%		72.61		%		62.47		%

(a) For the six-month period ended.

(b) For the twelve-month period ended.

Nonperforming loans decreased$34.5 million to $73.1 million at June 30, 2013 compared to $107.6 million at December 31, 2012. Contributing to this decrease was $18.4 million in charge-offs recognized on three commercial loan relationships, including $2.8 million for a commercial real estate loan to a western Pennsylvania non-profit healthcare facility who recently filed for bankruptcy, $2.5 million for a commercial real estate loan to a western Pennsylvania student housing project which is in the foreclosure process and $13.1 million for an unsecured commercial loan to a western Pennsylvania real estate developer. Additionally, several nonaccrual loans were sold in 2013, including a $17.2 million loan to a real estate developer in eastern Pennsylvania, a $2.5 million commercial real estate loan in Nevada and a $3.5 million construction loan for a Florida condominium project. Also, a $3.8 million hotel resort syndication loan in the state of Washington and a $2.3 million commercial loan to a western Pennsylvania excavation company were returned to accrual status during the first six months of 2013.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

The following tables show the outstanding balances of our loan portfolio and the breakdown of net charge-offs and nonperforming loans by loan type as of and for the periods presented:

	June 30, 2013				December 31, 2012
	Amount		%		Amount		%
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,012,315	24	%	$	1,019,822	24	%
Real estate construction	66,243		2		87,438		2
Residential real estate	1,269,830		30		1,241,565		30
Commercial real estate	1,280,784		30		1,273,661		30
Loans to individuals	600,580		14		582,218		14
Total loans and leases net of unearned income	$	4,229,752	100	%	$	4,204,704	100	%

During the six-months endedJune 30, 2013, loans increased $25.0 million or 1% compared to balances outstanding at December 31, 2012. During 2013, commercial loan growth has been impacted by actions taken to derisk the balance sheet, including the previously mentioned charge-offs and loans sales as well as decisions to not renew some large commercial real estate credits that were outside our market area or were experiencing deteriorating credit quality. Increases in the residential real estate portfolio are the result of continued growth of our home equity installment product, while loans to individuals increased due to growth in indirect auto lending.

Net charge-offs for the six-months endedJune 30, 2013 totaled $25.0 million compared to $7.6 million for the six-months endedJune 30, 2012. As previously noted, the most significant charge-offs during the six-months endedJune 30, 2013 were $18.4 million charge-offs recognized on three commercial loans and a $3.1 million charge-off recognized upon transfer of two loans to held for sale. During the six-months endedJune 30, 2012, the most significant charge-off was a $1.2 million charge taken on a $2.0 million commercial loan.

	For the Six-Months Ended June 30, 2013							As of June 30, 2013
	Net Charge- offs			% of Total Net Charge-offs		Net Charge- offs as a % of Average Loans (annualized)		Nonperforming Loans		% of Total Nonperforming Loans		Nonperforming Loans as a % of Total Loans
	(dollars in thousands)
Commercial, financial, agricultural and other	$	13,957		55.76	%	0.66	%	$	25,776	35.26	%	0.61	%
Real estate construction	696			2.78		0.03		3,967		5.43		0.09
Residential real estate	(169		)	(0.68	)	(0.01	)	13,156		18.00		0.31
Commercial real estate	9,130			36.47		0.44		29,941		40.96		0.71
Loans to individuals	1,418			5.67		0.07		257		0.35		0.01
Total loans, net of unearned income	$	25,032		100.00	%	1.19	%	$	73,097	100.00	%	1.73	%

As the above table illustrates, commercial real estate loans represented a significant portion of the nonperforming loans as of June 30, 2013. See discussions related to the provision for credit losses and loans for more information.

Capital Resources

At June 30, 2013, shareholders’ equity was $710.7 million, a decrease of $35.3 million from December 31, 2012. The decrease was primarily the result of $16.4 million net income offset by $23.2 million of common stock repurchases, $10.8 million of dividends paid to shareholders and decreases of $18.0 million in the fair value of available for sale investments. Cash dividends declared per common share were $0.11 and $0.08 for the six-months endedJune 30, 2013 and 2012, respectively.

First Commonwealth is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on First Commonwealth’s financial statements. Under capital

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 2. Management’s Discussion and Analysis of Financial Condition and

Results of Operations (Continued)

adequacy guidelines and the regulatory framework for prompt corrective action, First Commonwealth and its banking subsidiary must meet specific capital guidelines that involve quantitative measures of First Commonwealth’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. First Commonwealth’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors.

On July 9, 2013, federal banking agencies approved changes to the regulatory capital framework which are effective beginning on January 1, 2015, with some items phasing in over a period of time. The most significant of these changes include higher minimum capital requirements, as the minimum tier I capital ratio increased from 4.0% to 6.0% and the establishment of a new common equity tier I capital ratio with a minimum level of 4.5%. Additionally, the new rules improve the quality of capital by providing stricter eligibility criteria for regulatory capital instruments and provide for a phase-in, beginning January 1, 2016, of a capital conservation buffer of 2.5% of risk-weighted assets. This buffer provides a requirement to hold common equity tier 1 capital above the minimum risk-based capital requirements. Management currently expects First Commonwealth will remain well-capitalized after the adoption of these changes.

Under current regulations, quantitative measures to ensure capital adequacy require First Commonwealth to maintain minimum amounts and ratios of Total and Tier I capital (common and certain other “core” equity capital) to risk weighted assets, and of Tier I capital to average assets. As of June 30, 2013, First Commonwealth and its banking subsidiary met all capital adequacy requirements to which they are subject.

As of June 30, 2013, First Commonwealth was considered well-capitalized under the regulatory framework for prompt corrective action. To be considered well capitalized, the Company must maintain minimum Total risk-based capital, Tier I risk-based capital and Tier I leverage ratios as set forth in the table below:

	Actual				Regulatory Minumum				Well Capitalized Regulatory
	Capital Amount		Ratio		Capital Amount		Ratio		Capital Amount		Ratio
	(dollars in thousands)
Total Capital to Risk Weighted Assets
First Commonwealth Financial Corporation	$	735,759	15.16	%	$	388,295	8.00	%
First Commonwealth Bank	703,004		14.52		387,436		8.00		$	484,295	10.00	%
Tier I Capital to Risk Weighted Assets
First Commonwealth Financial Corporation	$	675,049	13.91	%	$	194,147	4.00	%
First Commonwealth Bank	642,427		13.27		193,718		4.00		$	290,577	6.00	%
Tier I Capital to Average Assets
First Commonwealth Financial Corporation	$	675,049	11.76	%	$	229,702	4.00	%
First Commonwealth Bank	642,427		11.28		227,823		4.00		$	284,779	5.00	%

The April 1, 2013 redemption of $32.5 million in mandatorily redeemable capital securities issued by First Commonwealth Captial Trust I impacted Tier I and Tier II regulatory capital levels of First Commonwealth Financial Corporation by 66 basis points.

On June 19, 2012, the Company announced a $50.0 million common stock repurchase program and on January 29, 2013, an additional share repurchase program was authorized for up to $25.0 million in shares of the Company’s common stock. As of June 30, 2013, 8,921,093 shares were repurchased under these programs at an average price of $6.80 per share.

On July 24, 2013, First Commonwealth Financial Corporation declared a quarterly dividend of $0.06 per share payable on August 16, 2013 to shareholders of record as of August 5, 2013. The timing and amount of future dividends are at the discretion of First Commonwealth's Board of Directors based upon, among other factors, capital levels, asset quality, liquidity and current and projected earnings.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

Information appearing in Item 2 of this report under the caption “Market Risk” is incorporated by reference in response to this item.

ITEM 4. Controls and Procedures

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 under the Securities Exchange Act of 1934 (the “Exchange Act”). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to provide reasonable assurance that the information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms of the Securities and Exchange Commission.

In addition, our management, including our Chief Executive Officer and Chief Financial Officer, also conducted an evaluation of our internal controls over financial reporting to determine whether any changes occurred during the current fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting. No such changes were identified in connection with this evaluation.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

McGrogan v. First Commonwealth Bank

For a description of McGrogan v. First Commonwealth Bank, refer to the "Legal proceedings" section in Part I, Item 1, Note 6, "Commitments and Contingent Liabilities," which is incorporated herein by reference to this item.

Other Legal Proceedings

First Commonwealth and certain of its subsidiaries have been named as defendants in various legal actions arising out of the normal course of business.  In the opinion of management, the ultimate resolution of these lawsuits should not have a material adverse effect on First Commonwealth's business, consolidated financial position or results of operations. It is possible, however, that future developments could result in an unfavorable ultimate outcome for or resolution of any one or more of the lawsuits in which First Commonwealth or its subsidiaries are defendants, which may be material to First Commonwealth's results of operations for a particular quarterly reporting period. Litigation is inherently uncertain, and management cannot make assurances that First Commonwealth will prevail in any of these actions, nor can management reasonably estimate the amount of damages that First Commonwealth might incur.

ITEM 1A. RISK FACTORS

There have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

PART II – OTHER INFORMATION

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On June 19, 2012, the Company announced a share repurchase program through which the Board of Directors authorized management to repurchase up to $50.0 million of the Company’s common stock. On January 29, 2013, an additional share repurchase program was authorized for up to $25.0 million in shares of the Company’s common stock. The following table details the amount of shares repurchased under this program during the second quarter of 2013:

Month Ending:	Total Number of Shares Purchased	Average Price Paid per Share (or Unit)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs*
April 30, 2013	1,548,229	$	7.09	1,548,229	3,389,630
May 31, 2013	478,404	7.13		478,404	2,888,146
June 30, 2013	909,685	7.11		909,685	1,947,429
Total	2,936,318	$	7.11	2,936,318
* Remaining number of shares approved under the Plan is estimated on based on the market value of the Company's common stock of $7.15 at April 30, 2013, $7.21 at May 31, 2013 and $7.37 at June 30, 2013.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None

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FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

PART II – OTHER INFORMATION

ITEM 6.     EXHIBITS

Exhibit Number	Description	Incorporated by Reference to
10.1	Employment Agreement dated May 31, 2013 between First Commonwealth Financial Corporation and Jane Grebenc	Filed herewith
10.2	Change of Control Agreement dated May 31, 2013 between First Commonwealth Financial Corporation and Jane Grebenc	Filed herewith
10.3	Restricted Stock Agreement dated May 31, 2013 between First Commonwealth Financial Corporation and Jane Grebenc	Filed herewith
31.1	Chief Executive Officer Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed herewith
31.2	Chief Financial Officer Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed herewith
32.1	Chief Executive Officer Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed herewith
32.2	Chief Financial Officer Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed herewith
101	Interactive Data File (XBRL)	Filed herewith

61

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 COMMONWEALTH FINANCIAL CORPORATION

(Registrant)

DATED: August 7, 2013	/s/ T. Michael Price
	T. Michael Price President and Chief Executive Officer
DATED: August 7, 2013	/s/ Robert E. Rout
	Robert E. Rout Executive Vice President and Chief Financial Officer

62

EX-10.1

Exhibit 10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”), by and among First Commonwealth Financial Corporation, a Pennsylvania corporation (“Employer”), and Jane Grebenc (“Executive”), is entered into effective as of May 31, 2013 (the “Effective Date”).

WITNESSETH:

WHEREAS, Employer wishes to employ Executive as Executive Vice President and Chief Revenue Officer and to cause First Commonwealth Bank, a Pennsylvania bank and trust company (“FCB”), to appoint Executive as President, and Executive is willing to accept such employment upon the terms and conditions set forth herein.

NOW, THEREFORE, intending to be legally bound, Employer agrees to employ Executive, and Executive agrees to be employed by the Employer, upon the following terms and conditions:

ARTICLE I

EMPLOYMENT

1.01.    Office. Executive is employed hereunder as Executive Vice President and Chief Revenue Officer of Employer reporting to Employer’s President and Chief Executive Officer (“CEO”) and in such capacity shall use her best energies and abilities in the performance of her duties and in the performance of such other duties as may be assigned to her from time to time by the CEO. Executive will serve in such additional capacities as the CEO may from time to time direct without additional compensation therefor, including, without limitation, as President of FCB.

1.02.    Term. Subject to the terms and conditions of Article II, pursuant to the terms of this Agreement, Executive’s employment will continue until May 31, 2015, unless such term is extended pursuant to the following sentence. Executive’s employment will automatically be extended on June 1, 2015 and on each subsequent June 1 for successive one (1) year periods unless Employer or Executive provides notice in writing to the other party at least sixty (60) days prior to the end of any such term that such party does not intend to extend Executive’s employment hereunder for another year.

1.03.    Base Salary. Subject to Article II hereof, during the term of her employment under this Agreement, Employer will pay Executive compensation at the rate of Three Hundred Fifty Thousand Dollars ($350,000) per annum (the “Base Salary”), payable in accordance with Employer’s normal payroll practices in equal monthly installments, less legally required taxes and withholdings and elected deductions. Executive’s Base Salary may be increased but not decreased by the CEO at any time based upon Executive’s contributions to the success of Employer and on such other factors as the Board shall deem appropriate. Executive will be eligible to participate in any Short-Term and Long-Term Incentive Plans that may be offered to executive employees of Employer. Without limiting the generality of the foregoing, Executive will be eligible to earn (i) a cash incentive award under the Employer’s 2013 Annual Incentive Plan (“AIP”) with a target award of 30% of Base Salary and (ii) a performance-based restricted stock unit award under the Employer’s 2013-2015 Long-Term Incentive Plan with a target share award of 10,000 shares; provided, however, that any award earned under the 2013 AIP will be prorated at the rate of seven-twelfths (7/12ths). Executive’s participation in Employer’s Long-Term Equity Incentive Plan will be conditioned upon minimum equity ownership as established by the Compensation & Human Resources Committee of the Board. Executive will also be eligible to participate in the Employer’s Non-Qualified Deferred Compensation Plan as provided in the documents that govern that plan.

1.04.    Employee Benefits. Subject to Article II hereof, during the term of her employment under this Agreement, Executive will be eligible to participate in such major medical or health benefit plans, pensions, and other benefits as are available generally to employees of Employer, to the extent available to employees.

ARTICLE II

TERMINATION

2.01.     Termination For Cause. Employer may terminate Executive’s employment and the term of employment under this Agreement at any time for “Cause,” as defined herein, by providing written notice to Executive that her employment is terminated, whereupon Executive’s employment with the Employer will be terminated. Upon

1

Exhibit 10.1

delivery of said notice together with payment of any salary accrued under Section 1.03 prior to the date of termination but not yet paid, as well as payment for any accrued vacation time not taken and expenses which were properly incurred by Executive on Employer’s behalf prior to the termination date that are not yet paid (“Accrued Obligations”), all obligations of the Employer to Executive shall terminate. In the event Employer terminates Executive’s employment for Cause, Employer will pay all Accrued Obligations to Executive within thirty (30) days following such termination of employment. Termination shall be deemed to be for Cause if: (i) Executive fails to comply with any material provision of this Agreement; (ii) Executive refuses to comply with any lawful, written directive from the Board; (iii) Executive fails to perform her duties under this Agreement with the degree of skill and care reasonably to be expected of a professional of her experience and stature after notice and a reasonable opportunity to cure (unless the failure to perform is incapable of being cured); or (iv) Executive engages in an act of dishonesty, fraud or moral turpitude or Executive is convicted of a crime which, in the judgment of the Board, renders her continued employment by Employer materially damaging or detrimental to Employer. The obligations of Executive under Article III shall continue notwithstanding termination of Executive’s employment pursuant to this Section 2.01. If Executive’s employment terminates under Section 2.01, she is entitled to no severance under Section 2.05.

2.02.     Termination Without Cause. Executive’s employment with Employer and the term of employment under this Agreement may be terminated at any time by Employer without Cause immediately upon written notice by Employer to Executive, whereupon Executive’s employment with Employer will be terminated. In the event Employer terminates Executive’s employment without Cause, Employer will pay all Accrued Obligations to Executive within thirty (30) days following such termination of employment and will provide Executive with the Severance Benefits set forth in Section 2.05, provided that as a condition precedent to Executive’s receipt of Severance Benefits under this Section 2.02 and Section 2.05, Executive must execute and deliver to Employer a Separation Agreement and General Release (as defined in Section 2.05). All other obligations of Employer to Executive shall cease as of the date of termination. The obligations of Executive under Article III shall continue notwithstanding termination of Executive’s employment pursuant to this Section 2.02.

2.03.     Resignation for Good Reason. Executive may resign from employment with Employer and terminate the term of employment under this Agreement for Good Reason. Good Reason means: (i) a material change in Executive’s title, position or responsibilities which represents a substantial reduction of the title, position or responsibilities in effect immediately prior to the change; (ii) any reduction in the Base Salary or a material reduction of benefits provided under this Agreement (unless such reduction of benefits applies equally to all similarly situated employees of Employer or FCB); or (iii) the assignment of Executive to a position which requires her to relocate permanently to a site more than fifty (50) miles outside of Pittsburgh, Pennsylvania; or (iv) the assignment to Executive of any duties or responsibilities (other than due to a promotion) which are materially inconsistent with the position of Executive Vice President and Chief Revenue Officer of Employer. Before Executive resigns employment with Employer for Good Reason, Executive must give Employer twenty (20) days’ notice of said resignation and an opportunity to correct. In the event Executive resigns from employment with Employer for Good Reason, Employer will pay all Accrued Obligations to Executive within thirty (30) days following such termination of employment and will provide Executive with the Severance Benefits set forth in Section 2.05, provided that as a condition precedent to Executive’s receipt of Severance Benefits under this Section 2.03 and Section 2.05, Executive must execute and deliver to Employer a Separation Agreement and General Release (as defined in Section 2.05). All other obligations of Employer to Executive shall cease as of the date of termination. The obligations of Executive under Article III shall continue notwithstanding termination of Executive’s employment pursuant to this Section 2.03. Notwithstanding the foregoing, if Employer corrects within twenty (20) days of its receipt of notice of the Good Reason, Employer shall owe Executive no severance under Section 2.05 and Executive shall be eligible to continue in her capacity as Executive Vice President and Chief Revenue Officer of Employer.

2.04.     Termination by Executive. Executive agrees to give Employer sixty (60) days’ prior written notice of the termination of her employment with Employer. Simultaneously with such notice, Executive shall inform Employer in writing as to her employment plans following the termination of her employment with Employer. In the event Executive terminates her employment with Employer pursuant to this Section 2.04, Employer will pay all Accrued Obligations to Executive within thirty (30) days following such termination of employment. All other obligations of Employer to Executive shall cease as of the termination date. The obligations of Executive under Article III shall continue notwithstanding termination of Executive’s employment pursuant to this Section 2.04. If Executive’s employment terminates under Section 2.04 she is entitled to no severance under Section 2.05.

2.05.     Severance Benefits. In the event that Employer terminates Executive’s employment during the term of this Agreement without Cause pursuant to Section 2.02, or if Executive terminates her employment with Employer

2

Exhibit 10.1

during the term of this Agreement pursuant to Section 2.03, and subject to the conditions set forth in this Section and subject to Sections 2.02 and/or 2.03 as applicable, Employer will pay to Executive an amount equal to the product of (x) one-twelfth (1/12) of the Base Salary times (y) the greater of (i) twelve or (ii) the number of months remaining in the term, less legally required taxes and withholdings and elected deductions. Said sum is to be paid in equal periodic installments payable in accordance with Employer’s normal payroll practices, provided, however, that any installments that would otherwise be payable in the six month period following separation from service shall be paid on the day following the six month anniversary of such separation from service in accordance with the requirements of Section 5.02(b) of this Agreement. Upon termination, Employer will offer continuation coverage to Executive, as required by Section 4980B of the Internal Revenue Code of 1986, (“Code”) as amended (“COBRA”), under the First Commonwealth’s group health plan (the “Health Plan”) on the terms and conditions mandated by COBRA including Executive’s payment of the applicable COBRA premiums and shall pay the full cost of Executive's COBRA premiums for the twelve (12) month period following such separation from service.

Employer’s obligations to make any payment to Executive as described in this Agreement is contingent upon Executive's execution and non-revocation of a separation agreement and general release of any and all claims and causes of action that Executive may have against Employer, as permitted by law, in a form and substance reasonably satisfactory to the Employer, that, in the opinion of the Employer’s counsel, is effective to release the Employer Entities (as defined in Section 3.01) from all claims relating to Executive’s employment or the termination thereof (other than under the terms of this Employment Agreement) (a “Separation Agreement and General Release”), and the Employer will have no obligation to make any payment unless and until such Separation Agreement and General Release has become effective.

2.06.     Resignation of Board Membership. Executive expressly promises and agrees that she will resign from the Board of Directors of FCB, and all related or affiliated board of directors, officer positions, committee memberships and other positions immediately upon and concurrent with the termination of her employment with Employer for any reason, including, without limit, by Employer for Cause or without Cause or by Executive for any reason.

ARTICLE III

EXECUTIVE’S COVENANTS AND AGREEMENTS

3.01.     Non-Disclosure of Confidential Information. Executive recognizes and acknowledges that: (a) in the course of Executive’s employment by Employer, it will be necessary for Executive to acquire information concerning Employer and its subsidiaries and affiliates (individually, an “Employer Entity,” and collectively, the “Employer Entities”), which could include, in whole or in part, the Employer Entities’ business, sales volume, sales methods, sales proposals, financial statements and reports, customers and prospective customers, identity of customers and prospective customers, identity of key purchasing personnel in the employ of customers and prospective customers, amount or kind of customers’ purchases from the Employer Entities, the Employer Entities’ sources of supply, the Employer Entities’ computer programs, system documentation, special hardware, product hardware, related software development, Employer Entities’ manuals, formulae, processes, methods, machines, compositions, ideas, improvements, inventions, or other confidential or proprietary information belonging to the Employer Entities or relating to the Employer Entities' affairs (collectively referred to herein as the “Confidential Information”); (b) the Confidential Information is the property of the Employer Entities; (c) the use, misappropriation or disclosure of the Confidential Information would constitute a breach of trust and could cause irreparable injury to the Employer Entities; and (d) it is essential to the protection of the Employer Entities' good will and to the maintenance of the Employer Entities' competitive position that the Confidential Information be kept secret and that Executive not disclose the Confidential Information to others or use the Confidential Information to Executive’s own advantage or the advantage of others. Confidential Information shall not include information otherwise available in the public domain through no act or omission of Executive. Executive agrees to hold and safeguard the Confidential Information in trust for the Employer Entities, its successors and assigns and agrees that she shall not, without the prior written consent of the Employer Entities, misappropriate or disclose or make available to anyone for use outside the Employer Entities' organizations at any time, either during her employment with any Employer Entity or subsequent to the termination of her employment with Employer for any reason, including without limitation, termination by Employer, any of the Confidential Information, whether or not developed by Executive, except as required in the performance of Executive’s duties to Employer.

3.02.     Non-Solicitation of Employees. Executive agrees that, during the term of her employment with Employer and for one (1) year following termination of Executive’s employment with Employer for any reason,

3

Exhibit 10.1

including without limitation termination by Employer for Cause or without Cause, Executive will not, directly or indirectly, solicit or induce, or attempt to solicit or induce, any employee of any Employer Entity, to leave any Employer Entity for any reason whatsoever, or to hire any such employee.

3.03.     Duties. Executive agrees to be a loyal employee of Employer. Executive agrees to devote her best efforts to the performance of her duties for Employer, to give proper time and attention to furthering the Employer’s business, and to comply with all rules, regulations and instruments established or issued by, or applicable to, the Employer Entities. Executive further agrees that during the term of this Agreement, Executive shall not, directly or indirectly, engage in any business which would detract from Executive’s ability to apply her best efforts to the performance of her duties. Executive also agrees that she shall not usurp any corporate opportunities of the Employer Entities.

3.04.     Return of Materials. Upon the termination of Executive’s employment with Employer for any reason, Executive shall promptly deliver to the Employer Entities all correspondence, drawings, blueprints, manuals, letters, notes, notebooks, reports, flow-charts, computer equipment, programs, software, databases, proposals, financial statements and reports, and any documents concerning the Employer Entities' customers or concerning products or processes used by the Employer Entities and, without limiting the foregoing, will promptly deliver to the Employer Entities any and all other documents or materials containing or constituting Confidential Information.

3.05.     Work Made for Hire. Executive agrees that in the event of publication by Executive of written or graphic materials constituting “work made for hire,” as defined and used in the Copyright Act of 1976, 17 USC § 1 et seq., the Employer Entities will retain and own all rights in said materials, including right of copyright.

3.06     Non-Compete. Executive agrees that, during the term of her employment with Employer and for one (1) year following termination of Executive's employment with Employer for any reason, including without limitation termination by Employer for Cause or without Cause or termination by Executive for Good Reason or otherwise, Executive will not, for herself, as an agent, employee, contractor or owner, or on behalf of another person or entity, directly or indirectly, engage in any “Prohibited Position” with any “Competing Business.” For purposes of this Agreement, “Prohibited Position” shall mean any position, whether as principal, agent, officer, director, employee, consultant, shareholder, partner, member, or otherwise: (i) where Executive will be engaged in the management, sale, development, or marketing of products or services of the type provided by any Employer Entity; and (ii) during employment with Employer, Executive was privy to or given access to proprietary and/or confidential business information of Employer concerning any Employer Entity’s management, strategy, performance, sale, development or marketing of that type of product or service and/or was involved in maintaining the Employer Entities' customer relationships or goodwill; “Competing Business” shall mean any person, corporation or other entity which engages in the marketing and/or sale of: (i) retail banking products in the Restricted Territory, including, for example, personal and business accounts, private banking, business banking, loans, lines of credit, mortgages, and other investment or financial products; or (ii) any other product or service of the Employer Entities, currently and in the future, in the Restricted Territory, in which Executive had involvement, and/or about which Executive learned of, and/or may have acquired any knowledge about, while employed by Employer; and “Restricted Territory” shall mean any county in which any Employer Entity maintains an office or branch and any county which is contiguous to such a county. During the term of her employment with Employer and for one (1) year following termination of Executive's employment with Employer for any reason, including without limitation termination by Employer for Cause or without Cause, or termination by Executive for Good Reason or otherwise, Executive also agrees not to enter into, consult about, or become involved with any transactions that she learned and/or became aware of through her employment with Employer. Executive acknowledges that the foregoing restrictions are properly limited so that they will not interfere with her ability to earn a livelihood and that such restrictions are reasonable and necessary to protect the Employer Entities' legitimate business interest, including the protection of its confidential and trade secret information. In exchange for the consideration set forth in this Agreement, Executive agrees to be bound by the terms of this Section 3.06. The foregoing covenants shall not be deemed to prohibit Executive from acquiring as an investment not more than five percent (5%) of the capital stock of a Competing Business, whose stock is traded on a national securities exchange or through an automated quotation system of a registered securities association.

3.07     Effect of Change of Control. The covenants in Section 3.06 above shall terminate and be of no further force or effect upon the occurrence of a Change of Control (as defined in the Change of Control Agreement between Employer and Executive, effective as of May 31, 2013 (the “Change of Control Agreement”)) if the Change of Control Agreement remains in full force and effect at the time of such Change of Control.

4

Exhibit 10.1

ARTICLE IV

EXECUTIVE’S REPRESENTATIONS AND WARRANTIES

4.01.     Executive’s Abilities. Executive represents that her experience and capabilities are such that the provisions of Article III will not prevent her from earning her livelihood, and acknowledges that it would cause the Employer Entities serious and irreparable injury and cost if Executive were to use her ability and knowledge in breach of the obligations contained in Article III.

4.02.     Remedies. In the event of a breach by Executive of the terms of this Agreement, Employer shall be entitled, if it shall so elect, to institute legal proceedings to obtain damages for any such breach, or to enforce the specific performance of this Agreement by Executive and to enjoin Executive from any further violation of this Agreement and to exercise such remedies cumulatively or in conjunction with all other rights and remedies provided by law. Executive acknowledges, however, that the remedies at law for any breach by her of the provisions of this Agreement may be inadequate and that Employer shall be entitled to injunctive relief against her in the event of any breach. In addition, in the event that Executive breaches any obligation under this Agreement or any obligation that Executive has to any Employer Entity under common law, or otherwise engages in tortious behavior that damages any Employer Entity in any way, any Employer Entity will have the right to not provide Executive with, or to cease providing Executive with, any amounts or benefits that would otherwise be provided pursuant to Section 2.05 above.

ARTICLE V

MISCELLANEOUS

5.01.     Authorization to Modify Restrictions. It is the intention of the parties that the provisions of Article III shall be enforceable to the fullest extent permissible under applicable law, but that the unenforceability (or modification to conform to such law) of any provision or provisions of this Agreement shall not render unenforceable, or impair, the remainder hereof. If any provision or provisions hereof shall be deemed invalid or unenforceable, either in whole or in part, this Agreement shall be deemed amended to delete or modify, as necessary, the offending provision or provisions and to alter the bounds thereof in order to render it valid and enforceable.

5.02.     Section 409A.

(a)    This Agreement will be administered, interpreted and construed in compliance with Section 409A of the Internal Revenue Code and the regulations and other guidance promulgated thereunder (“Section 409A”), including any exemption thereunder. With respect to payments, if any, subject to Section 409A (and not excepted therefrom), each such payment is paid as a result of a permissible distribution event, and at a specified time, consistent with Section 409A. Executive has no right to, and there shall not be, any acceleration or deferral with respect to payments hereunder. Executive acknowledges and agrees that Employer shall not be liable for, and nothing provided or contained in this Agreement will obligate or cause Employer to be liable for, any tax, interest or penalties imposed on Executive related to or arising with respect to any violation of Section 409A. For purposes of this Agreement, any reference to “termination of employment”, “termination” or similar reference shall be construed to be a reference to “separation from service” within the meaning of Section 409A.

(b)    Notwithstanding any other provision of this Agreement to the contrary, to the extent that any amount payable or benefit to be provided under this Agreement constitutes an amount payable or benefit to be provided under a “nonqualified deferred compensation plan” (as defined in Section 409A) that is not exempt from Section 409A, and such amount or benefit is payable or to be provided as a result of a “separation from service” (as defined in Section 409A), and Executive is a “specified employee” (as defined and determined under Section 409A and any relevant procedures that either Employer Entity may establish) at the time of her “separation from service,” then such payment or benefit will not be made or provided to Executive until the day after the date that is six months following Executive's “separation from service,” at which time all payments or benefits that otherwise would have been paid or provided to Executive under this Agreement during that six-month period, but were not paid or provided because of this clause, will be paid or provided, with any cash payment to be made in a single lump sum (without any interest with respect to that six-month period).  This six-month delay will cease to be applicable if Executive “separates from service” due to death or if Executive dies before the six-month period has elapsed, in which event any such payments or benefits will be paid or provided to Executive's estate within thirty (30) days of the date of death.

5

Exhibit 10.1

5.03.    Entire Agreement. This Agreement represents the entire agreement of the parties and may be amended only by a writing signed by each of them. This Agreement supersedes all other prior arrangements and agreements between the parties, except the Change of Control Agreement referred to herein. In the event that there is a Change of Control as defined by the Change of Control Agreement during the term of this Agreement and there is a Qualifying Termination within the Protected Period, in each case, as defined in the Change of Control Agreement, the provisions of the Change of Control Agreement will apply and this Agreement will cease to apply, and Executive will be entitled to no benefits under this Agreement, including the severance benefits in Section 2.05. Notwithstanding the foregoing sentence, except as provided in Section 3.07, Executive’s obligations under Article III will continue even if there is a Change of Control.

5.04.     Governing Law. This Agreement shall be interpreted, construed, and governed according to the laws of the Commonwealth of Pennsylvania without giving effect to the principles of conflicts of law.

5.05.     Jurisdiction and Service of Process. Executive and Employer waives any right to a court (including jury) proceeding and instead agree to submit any dispute over the application, interpretation, validity, or any other aspect of this Agreement to binding arbitration consistent with the application of the Federal Arbitration Act and the procedural rules of the American Arbitration Association (“AAA”) before an arbitrator who is a member of the National Academy of Arbitrators (“NAA”) out of a nationwide panel of eleven (11) arbitrators to be supplied by the AAA. Employer will absorb the fee charged and the expenses incurred by the neutral arbitrator selected.

5.06.     Agreement Binding. The obligations of Executive under Article III of this Agreement shall continue after the termination of her employment with the Employer Entities for any reason and shall be binding on her heirs, executors, legal representatives and assigns and shall inure to the benefit of any successors and assigns of the Employer Entities. Likewise, the obligations of Employer shall be binding upon any successors.

5.07. Signatures. This Agreement may be executed in counterparts, any such copy of which to be deemed an original, but all of which together shall constitute the same instrument.

5.08.    Assignment. Employer has the right to assign this Agreement, but Executive does not.

EXECUTIVE ACKNOWLEDGES THAT SHE HAS READ AND UNDERSTANDS THE FOREGOING PROVISIONS AND THAT SUCH PROVISIONS ARE REASONABLE AND ENFORCEABLE.

[Signature page follows.]

6

Exhibit 10.1

IN WITNESS WHEREOF, the parties hereto have knowingly and voluntarily executed this Agreement or caused this Agreement to be executed the day and year first above written.

ATTEST:
	FIRST COMMONWEALTH FINANCIAL CORPORATION
/s/ Carrie L. Riggle	By: /s/ T. Michael Price Name: T. Michael Price Title: President and Chief Executive Officer

WITNESS:
/s/ Carrie L. Riggle	/s/ Jane Grebenc   Jane Grebenc

7

EX-10.2

Exhibit 10.2

CHANGE OF CONTROL AGREEMENT

THIS CHANGE OF CONTROL AGREEMENT (this "Change of Control Agreement"), is entered into as of May 31, 2013 (the "Effective Date"), by and between First Commonwealth Financial Corporation, a Pennsylvania corporation (the “Company”), and Jane Grebenc (“Executive”).

W I T N E S S E T H:

WHEREAS, the Compensation & Human Resources Committee ("Compensation Committee") of the Company’s Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a “Change of Control” (as defined below) of the Company;

WHEREAS, the Compensation Committee believes that it is important to diminish the inevitable distraction of the Executive that would result from the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive to continue to devote Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefit arrangements upon the termination of Executive’s employment following a Change of Control;

WHEREAS, the Compensation Committee has authorized the Company to enter into this Change of Control Agreement with the Executive; and

WHEREAS, the Company and the Executive wish to enter into this Change of Control Agreement in order to accomplish these objectives.

NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, and other good and valuable consideration, the Company and the Executive do hereby agree as follows:

ARTICLE 1CERTAIN DEFINITIONS

1.1    “Cause” for termination will be deemed to exist if:

(a)    the Executive is convicted of, or pleads guilty or nolo contendere to, any crime which constitutes a felony under the laws of the United States of America or of any state or territory thereof, and the commission of that felony resulted in, or was intended to result in, a loss (monetary or otherwise) to the Employer Entities, or any of their respective clients, customers, directors, officers or employees;

(b)    the Executive fails or refuses to perform the Executive’s duties to any of the Employer Entities (other than during such time as the Executive is incapacitated due to an accident or illness or during the Executive’s regularly scheduled vacation periods) with the degree of skill and care reasonably expected of a professional of his experience and stature for a period of thirty (30) consecutive days following the receipt by the Executive of a notice from the Company sent by certified mail, return receipt requested, setting forth in detail the facts upon which the Company relies in concluding that the Executive has failed or refused to perform the Executive’s duties and indicating with specificity the duties that the Company demands that the Executive perform without delay;

(c)    the Executive engages in an act or acts of dishonesty which result or are intended to result in material damage to the business or reputation of any of the Employer Entities; or

1

Exhibit 10.2

(d)    the Executive fails or refuses to comply with any material provision of this Change of Control Agreement or any policy or procedure of any Employer Entity, which violations are demonstrably willful and deliberate on the Executive's part and which result or are intended to result in material damage to the business or reputation of any of the Employer Entities and as to which failure or refusal to comply the Company has notified the Executive in writing.

1.2    “Change of Control” will mean:

(a)    The acquisition, other than from the Company, by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act), of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of fifty percent (50%) or more of the then outstanding shares of common stock of the Company;

(b)    Individuals who, as of May 31, 2013, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board, provided that any individual becoming a director subsequent to May 31, 2013, whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board will be considered as though such individual were a member of the Incumbent Board; or

(c)    Consummation of a reorganization, merger, consolidation, sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, with respect to which all or substantially all of the individuals and entities who were the beneficial owners of shares outstanding shares of the Company’s common stock immediately prior to such Business Combination do not, following such Business Combination, beneficially own, directly or indirectly, more than fifty-percent (50%) of the then outstanding shares of common stock of the corporation resulting from such a Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries).

Notwithstanding any other provision of this Change of Control Agreement to the contrary, (i) the placement of any of the Employer Entities into receivership or conservatorship by the Federal Deposit Insurance Corporation ("FDIC") or a state or federal banking regulatory agency with jurisdiction over any of the Employer Entities, (ii) the acquisition of fifty-percent (50%) or more of any of the Employer Entities' assets or assumption of fifty-percent (50%) or more of the Employer Entities' deposit liabilities in an FDIC-assisted transaction, and (iii) a change in any Employer Entity's board of directors at the direction of a state or federal banking regulatory authority having jurisdiction over any of the Employer Entities, will not constitute a Change of Control.

1.3     “Client” means any client or prospective client of the Company to whom the Executive provided services, or for whom the Executive transacted business, or whose identity became known to the Executive in connection with the Executive’s relationship with or employment by the Company.

1.4    “Code” means the Internal Revenue Code of 1986, as amended.

1.5     “Employer Entity” means the Company and each of its subsidiaries and affiliates, including without limitation, FCB.

1.6    “Exchange Act” means the Securities Exchange Act of 1934, as amended.

1.7    “Good Reason” means:

(a)    the assignment to the Executive of any duties inconsistent in any respect with the Executive’s title, position, authority, duties or responsibilities immediately prior to the Change of Control or any other action by the Company which results in a diminution of such position, authority, duties or responsibilities, other

2

Exhibit 10.2

than an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after the receipt of notice thereof given by the Executive;

(b)    any requirement of the Company that the Executive (i) be based anywhere more than fifty (50) miles from the office where the Executive is located immediately prior to the Change of Control or (ii) travel on Company business to an extent substantially greater than the travel obligations of the Executive immediately prior to the Change of Control; or

(c)    (i) a reduction by the Company in the Executive’s rate of annual base salary as in effect immediately prior to the Change of Control or (ii) the failure of the Company to continue in effect any employee benefit plan, compensation plan, welfare benefit plan or material fringe benefit plan in which the Executive is participating or entitled to participate immediately prior to the Change of Control, unless the Executive is permitted to participate in other plans providing the Executive with substantially equivalent benefits in the aggregate (at substantially equivalent cost with respect to welfare benefit plans).

1.8     “Protected Period” means the period of time beginning with the date of a Change of Control and ending two (2) years following such Change of Control.

1.9    “Qualifying Termination” means a termination of the Executive’s employment (i) by the Company other than for Cause, disability or death, or (ii) by the Executive for Good Reason, provided that such termination of employment constitutes a Separation from Service.

1.10     “Section 409A” means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

1.11    “Section 409A Change of Control” means a "Change of Control Event" as defined in Section 409A.

1.12    “Section 409A Deferred Compensation” means an amount payable or benefit to be provided under a "nonqualified deferred compensation plan" as defined in Section 409A.

1.13    “Separation from Service” has the meaning set forth in Section 409A.

ARTICLE 2
TERM

2.1    The term of this Change of Control Agreement will begin on the Effective Date and will continue for thirty-six (36) full calendar months thereafter (the "Initial Term"). This term of this Change of Control Agreement will automatically renew for twenty-four (24) full calendar months thereafter on the third anniversary of the Effective Date and on each second anniversary thereafter (each, a "Renewal Term") unless either party hereto gives notice in writing to the other party at least twelve (12) months prior to the end of the Initial Term or any Renewal Term of the party's intent not to renew such term. Notwithstanding the foregoing, if a Change of Control occurs prior to the end of the Initial Term or Renewal Term, as the case may be, then the term of this Change of Control Agreement will continue until the later of (a) the end of the Protected Period, or (b) if a Qualifying Termination occurs during the Protected Period, the end of the Severance Period.

2.2    Notwithstanding anything in this Section to the contrary, this Change of Control Agreement will terminate if the Executive or the Company terminates the Executive's employment for any reason prior to a Change in Control.

ARTICLE 3PAYMENTS

3

Exhibit 10.2

3.1    Qualifying Termination. If during the Protected Period the employment of the Executive is terminated pursuant to a Qualifying Termination, subject to Article 7 hereof, then the Employer Entities will pay to the Executive (or the Executive’s beneficiary as provided in Article 5 hereof) the accrued obligations, severance pay and severance benefits in accordance with Sections 3.2, 3.3 and 3.4 hereof. If the Executive's employment with the Employer Entities is terminated (i) for any reason prior to or after the Protected Period or (ii) other than pursuant to a Qualifying Termination during the Protected Period, then the Executive will not be entitled to the payment of any severance or provision of any benefits under this Change of Control Agreement.

3.2    Accrued Benefits. In the event of a Qualifying Termination described in Section 3.1 hereof, the Employer Entities will pay to the Executive any accrued and unpaid base salary and paid time-off, within thirty (30) days following the date of Qualifying Termination or such earlier date as is required by law.

3.3    Severance Pay. Subject to Article 7 hereof, in the event of a Qualifying Termination described in Section 3.1 hereof, the Employer Entities will pay to the Executive an amount equal to two (2) times: (i) the Executive’s annual base salary immediately prior to the Change of Control; (ii) the average of the aggregate annual amount of all bonuses paid to the Executive during the thirty-six (36) month period (or the Executive's period of employment with the Employer Entities, if less) preceding the Change of Control; (iii) the aggregate amount of all contributions by the Company for the account of the Executive under the First Commonwealth Financial Corporation 401(k) Savings and Investment Plan during the twelve (12) month period preceding the Change of Control; and (iv) the aggregate of all contributions by the Company for the account of the Executive to the Company’s Non-Qualified Deferred Compensation Plan during the twelve (12) month period preceding the Change of Control. Subject to Article 7 hereof, such sum will be paid in equal periodic installments payable in accordance with the Employer Entity's normal payroll practices during the twenty-four (24) month period immediately following such Qualifying Termination (the "Severance Period").

3.4     Continued Health Insurance Benefits. In addition to the severance payable pursuant to Section 3.3 hereof, in the event of a Qualifying Termination described in Section 3.1 hereof, the Employer Entities will offer continuation coverage to the Executive, as required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), under the Company's group health plan on the terms and conditions mandated by COBRA and the Company will pay the full cost of the COBRA premiums on behalf of the Executive and his covered family members during the eighteen (18) month period immediately following such Qualifying Termination.

3.5    Other Compensation and Benefits.

(a)    Except as expressly provided for in Article 3 hereof, the Executive will not be entitled to severance pay or benefits under any plan, program, policy, practice or other arrangement of any Employer Entity in connection with any Qualifying Termination, including without limitation this Change of Control Agreement or any severance policy of any Employer Entity.

(b)    During the Severance Period, the Executive will not be eligible to participate in any Employer Entity equity-based incentive, other incentive, 401(k) savings, employee stock ownership, deferred compensation, supplemental retirement, supplemental savings, life insurance, short or long term disability, employee welfare benefit, fringe benefit, perquisite, vacation, paid time-off or other employee benefit plan, program, policy, practice or other arrangement of any Employer Entity.

(c)     Unless otherwise determined by the Board or applicable committee thereof, any outstanding options or other equity based awards held by the Executive to purchase or acquire Employer stock under any equity-based plan of any Employer Entity will be subject to the exercisability, vesting and forfeiture provisions of the respective plan. Any benefits the Executive has earned with respect to his employment for periods on or prior to the Qualifying Termination under any annual incentive, deferred compensation, supplement retirement or savings, 401(k), employer stock ownership or similar plan of any Employer Entity will be paid in accordance with the terms of such plan.

3.6    Release. The Company’s obligation to make any payment to the Executive as described in this Article 3 is contingent upon the Executive’s execution and non-revocation of a release within sixty (60) days following the Executive's Separation from Service, in form and substance reasonably satisfactory to the Company, that, in the opinion

4

Exhibit 10.2

of the Company’s counsel, is effective to release the Company from all claims relating to the Executive’s employment or the termination thereof (other than under the terms of this Change of Control Agreement), and the Company will have no obligation to make any payment unless and until such a release has become effective.

3.7    Business Expenses. The Employer Entities will reimburse the Executive for any unreimbursed, reasonable business expenses incurred by the Executive on or before the Qualifying Termination, pursuant to Employer's reimbursement policies, provided that Executive present all expense reports to Employer in accordance with such policies. All such expense reports must be submitted within thirty (30) days following the date of the Qualifying Termination.

3.8    Withholding Taxes and Other Deductions. The Employer Entities may withhold from any payments made to the Executive any applicable federal, state, local and other taxes (such as employment taxes), and such other deductions as are prescribed by law. This includes withholding amounts from payments made pursuant to this Article 3 in order to satisfy any withholding obligations.

ARTICLE 4LIMITATION ON PAYMENT OF BENEFITS

Notwithstanding anything to the contrary in this Change of Control Agreement, if the payments and benefits pursuant to Article 3 hereof, either alone or together with other payments and benefits which the Executive has the right to receive from the Company or any of its subsidiaries, would constitute a “parachute payment” under Section 280G of the Code, the payments and benefits pursuant to Article 3 hereof will be reduced, in the manner determined by independent tax counsel selected as provided below, by the amount, if any, which is the minimum necessary to result in no portion of the payments and benefits under Article 3 hereof being non-deductible to the Company or such subsidiary pursuant to Section 280G of the Code and subject to the excise tax imposed under Section 4999 of the Code; provided, however, that if such procedure for determining the reduction of payments and benefits is determined by the Company to result in a violation of Section 409A, such reduction will be made on a pro rata basis. The determination of whether any reduction in the payments and benefits is to be made pursuant to Article 3 hereof will be based upon the written advice of independent tax counsel selected by the Company and reasonably acceptable to the Executive. The fees and expenses of the tax counsel will be paid by the Company. The Company will use its best efforts to cause such counsel to prepare the foregoing opinion as promptly as practicable, and in any event, within thirty (30) days after the Change of Control or date of Qualifying Termination, if earlier. The Company and the Executive agree to be bound by the determination of such tax counsel and to make appropriate payments to each other to give effect to the intent and purpose of this Article 4.

ARTICLE 5BENEFICIARIES

If the Executive dies after the occurrence of a Qualifying Termination, but prior to the payment of all of the monthly severance payments required by Article 3 hereof, then all remaining severance payments will be paid to the beneficiary designated in writing by the Executive at the same time, and in the same amount, as would have been payable to the Executive. The designation of a beneficiary for purposes of this Article 5 will be revocable during the lifetime of the Executive. If the Executive does not designate a beneficiary under this Change of Control Agreement, the beneficiary will be deemed to be the same person that the Executive designated with respect to the Executive’s group life insurance program maintained by the Company.

ARTICLE 6EXECUTIVE COVENANTS

6.1    Non-Disparagement. The Executive agrees that he will not, in writing or orally, or through conduct, disparage, deprecate, discredit, vilify or otherwise say anything negative about the Employer Entities. The Executive

5

Exhibit 10.2

agrees never to disparage the services, products, customers, or employees of any Employer Entity. These prohibitions include, without limitation, any such statements made through use of social media sites, such as Facebook or Twitter.

6.2    Non-Disclosure of Confidential Information. The Executive recognizes and acknowledges that: (a) in the course of the Executive’s employment by the Employer Entities, it will be necessary for the Executive to acquire information which could include, in whole or in part, information concerning the Employer Entities’ business, sales volume, sales methods, sales proposals, financial statements and reports, customers and prospective customers, identity of customers and prospective customers, identity of key purchasing personnel in the employ of customers and prospective customers, amount or kind of customers’ purchases from the Employer Entities, the Employer Entities' sources of supply, the Employer Entities' computer programs, system documentation, special hardware, product hardware, related software development, the Employer Entities' manuals, formulae, processes, methods, machines, compositions, ideas, improvements, inventions, or other confidential or proprietary information belonging to the Employer Entities or relating to the Employer Entities' affairs (collectively referred to herein as the “Confidential Information”); (b) the Confidential Information is the property of the Employer Entities; (c) the use, misappropriation or disclosure of the Confidential Information would constitute a breach of trust and could cause irreparable injury to the Employer Entities; and (d) it is essential to the protection of the Employer Entities' good will and to the maintenance of the Employer Entities' competitive position that the Confidential Information be kept secret and that the Executive not disclose the Confidential Information to others or use the Confidential Information to the Executive’s own advantage or the advantage of others. Confidential Information will not include information otherwise available in the public domain through no act or omission of the Executive. The Executive agrees to hold and safeguard the Confidential Information in trust for the Employer Entities, its successors and assigns and agrees that he will not, without the prior written consent of the Employer Entities, misappropriate or disclose or make available to anyone for use outside the Employer Entities' organizations at any time, either during his employment with any Employer Entity or subsequent to the termination of his employment with the Employer Entities for any reason, including without limitation, termination by any Employer Entity, any of the Confidential Information, whether or not developed by the Executive, except as required in the performance of the Executive’s duties to the Employer Entities.

6.3    Non-Solicitation of Employees. The Executive agrees that, during the term of his employment with any Employer Entity and for twenty-four (24) months following termination of the Executive’s employment with the Employer Entities for any reason, including without limitation termination by any Employer Entity for Cause or without Cause, the Executive will not, directly or indirectly, solicit or induce, or attempt to solicit or induce, any employee of any Employer Entity or of any of its subsidiaries or affiliates, to leave any Employer Entity or any of its subsidiaries, or affiliates, for any reason whatsoever, or to hire any such employee

6.4    Return of Materials. Upon the termination of the Executive’s employment with the Employer Entities for any reason, the Executive will promptly deliver to the Employer Entities all correspondence, drawings, blueprints, manuals, letters, notes, notebooks, reports, flow-charts, computer equipment, programs, software, databases, proposals, financial statements and reports, and any documents concerning the Employer Entities' customers or concerning products or processes used by the Employer Entities and, without limiting the foregoing, will promptly deliver to the Employer Entities any and all other documents or materials containing or constituting Confidential Information.

6.5    Work Made for Hire. The Executive agrees that in the event of publication by the Executive of written or graphic materials constituting “work made for hire,” as defined and used in the Copyright Act of 1976, 17 USC § 1 et seq., the Employer Entities will retain and own all rights in said materials, including right of copyright.

6.6    Jurisdiction and Service of Process. The Executive and the Company waive any right to a court (including jury) proceeding and instead agree to submit any dispute over the application, interpretation, validity, or any other aspect of this Change of Control Agreement to binding arbitration consistent with the application of the Federal Arbitration Act and the procedural rules of the American Arbitration Association (“AAA”) before an arbitrator who is a member of the National Academy of Arbitrators (“NAA”) out of a nationwide panel of eleven (11) arbitrators to be supplied by the AAA. The Company will absorb the fee charged and the expenses incurred by the neutral arbitrator selected.

6

Exhibit 10.2

6.7    Validity. The terms and provisions of this Article 6 are intended to be separate and divisible provisions and if, for any reason, any one or more of them is held to be invalid or unenforceable, neither the validity nor the enforceability of any other provision of this Change of Control Agreement will thereby be affected. The parties hereto acknowledge that the potential restrictions on the Executive’s future employment imposed by this Article 6 are reasonable in both duration and geographic scope and in all other respects. If for any reason any court of competent jurisdiction will find any provisions of this Article 6 unreasonable in duration or geographic scope or otherwise, the Executive and the Company agree that the restrictions and prohibitions contained herein will be effective to the fullest extent allowed under applicable law in such jurisdiction.

6.8    Consideration. The parties acknowledge that this Change of Control Agreement would not have been entered into and the benefits described herein would not have been promised in the absence of the Executive’s promises under this Article 6.

6.9    Cease Payments. In the event that the Executive breaches any material provision of this Article 6, the Company’s obligation to make or provide payments or benefits under Article 3 will cease, to the extent not already paid or provided.

ARTICLE 7
SECTION 409A

7.1    This Change of Control Agreement will be administered, interpreted and construed in compliance with Section 409A, including any exemption thereunder. Each payment hereunder, including each installment payment, will be treated as a separate payment for purposes of Section 409A. With respect to payments subject to Section 409A (and not exempt therefrom), each such payment will be paid as a result of a permissible distribution event, and at a specified time, consistent with Section 409A. The Executive has no right to, and there will not be, any acceleration or deferral with respect to payments hereunder. The Executive acknowledges and agrees that the Company will not be liable for, and nothing provided or contained in this Change of Control Agreement will obligate or cause the Company to be liable for, any tax, interest or penalties imposed on the Executive related to or arising with respect to any violation of Section 409A. For purposes of this Change of Control Agreement, any reference to "termination of employment", "termination" or similar reference will be construed to be a reference to Separation from Service.

7.2    Notwithstanding any other provision of this Change of Control Agreement to the contrary, to the extent that any amount payable or benefit to be provided under this Change of Control Agreement constitutes Section 409A Deferred Compensation that is not exempt from Section 409A, and such amount or benefit is payable or to be provided as a result of Separation from Service, and the Executive is a "specified employee" (as defined and determined under Section 409A and any relevant procedures that the Company may establish) ("Specified Employee") at the time of his Separation from Service, then such payment or benefit will not be made or provided to the Executive until the day after the date that is six months following the Executive's Separation from Service, at which time all payments or benefits that otherwise would have been paid or provided to the Executive under this Change of Control Agreement during that six-month period, but were not paid or provided because of this Section 7.2, will be paid or provided, with any cash payment to be made in a single lump sum (without any interest with respect to that six-month period).  This six-month delay will cease to be applicable if the Executive's Separation from Service due to death or if the Executive dies before the six-month period has elapsed, in which event any such payments or benefits will be paid or provided to the Executive's estate within thirty (30) days of the date of death.

7.3    Notwithstanding any other provision of this Change of Control Agreement to the contrary, to the extent that any amount payable or benefit to be provided under this Change of Control Agreement constitutes Section 409A Deferred Compensation that is not exempt from Section 409A and the Executive is not a Specified Employee at the time of his Separation from Service, then such payment or benefit will not be provided to the Executive until the sixtieth (60th) day following the Executive's Separation from Service, at which time all payments or benefits that otherwise would have been paid or provided to the Executive under this Change of Control Agreement during the sixty (60) days

7

Exhibit 10.2

period, but were not paid or provided because of this Section 7.3, will be paid or provided, with any cash payment to be made in a single lump sum (without any interest with respect to that sixty-day period).

ARTICLE 8SUCCESSORS; BINDING AGREEMENT

8.1    This Change of Control Agreement will inure to the benefit of and be binding upon the Company and its successors and assigns.

8.2    The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Change of Control Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Change of Control Agreement, “Company” will mean the Company as defined herein and any successor to its business and/or assets which assumes and agrees to perform this Change of Control Agreement by operation of law or otherwise.

8.3    This Change of Control Agreement will be binding upon, and will inure to the benefit of and be enforceable by, the Executive, the Executive’s heirs, personal representatives, executors and administrators.

ARTICLE 9ATTORNEY’S FEES

Each party will bear all attorney’s fees and related expenses in connection with or relating to the negotiation and enforcement of this Change of Control Agreement; provided, that if the Executive is wholly successful on the merits of any action or proceeding to enforce the Executive’s rights under this Change of Control Agreement, the Company will reimburse all reasonable attorney’s fees and related expenses incurred by the Executive in connection with such action or proceeding. Any amount payable by the Company in any year pursuant to the prior sentence will not be affected by the amount of any payment made by the Company pursuant to the prior sentence in any other year, and under no circumstances will the Executive by permitted to liquidate or exchange the benefit afforded him in the prior sentence for cash or any other benefit. To the extent any such payment is made via reimbursement to the Executive, no such reimbursement will be made by the Company later than the end of the year following the year in which the underlying expense is incurred. The reimbursement right set forth in this Article 9 will be limited to fees and expenses incurred during the Executive's employment with the Employer Entities and during the ten (10) year period immediately thereafter.

ARTICLE 10EMPLOYMENT WITH EMPLOYER ENTITIES

Employment with the Company for purposes of this Change of Control Agreement will include employment with any Employer Entity.

ARTICLE 11NO SETOFF

No amounts otherwise due or payable under this Change of Control Agreement will be subject to setoff by the Company, except as otherwise required by law.

8

Exhibit 10.2

ARTICLE 12NOT A CONTRACT FOR EMPLOYMENT

This Change of Control Agreement will not in any way constitute an employment agreement between the Company and the Executive and it will not oblige the Executive to continue in the employ of Company, nor will it oblige the Company to continue to employ the Executive.

ARTICLE 13
FDIC EVENTS

If any of the Employer Entities is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act or equivalent provisions relating to a regulator with supervisory authority over any of the Employer Entities), all obligations under this Change of Control Agreement will terminate as of the date of default, but this Article 13 will not affect any vested rights of the parties.  Notwithstanding any other provision of this Change of Control Agreement, the Employer Entities will have no obligation to make any payments to Executive if such payments would be prohibited by applicable federal or state law, including without limitation Part 359 of the regulations of the Federal Deposit Insurance Corporation (12 CFR § 359 et seq.) or any successor provision.

ARTICLE 14NOTICES

All notices and other communications required to be given hereunder will be in writing and will be deemed to have been delivered or made when mailed, by certified mail, return receipt requested, if to the Executive, to the last address which the Executive will provide to the Employer, in writing, for this purpose, but if the Executive has not then provided such an address, then to the last address of the Executive then on file with the Company; and if to the Company, then to the last address which the Company will provide to the Executive, in writing, for this purpose, but if the Company has not then provided the Executive with such an address, then to:

President and Chief Executive Officer
First Commonwealth Financial Corporation
Old Courthouse Square
601 Philadelphia Street
Indiana, Pennsylvania 15701

ARTICLE 15GOVERNING LAW AND JURISDICTION

This Change of Control Agreement will be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania, except for the laws governing conflict of laws. In the event that either party will institute suit or other legal proceeding, whether in law or equity, the Courts of the Commonwealth of Pennsylvania will have exclusive jurisdiction with respect thereto.

ARTICLE 16ENTIRE AGREEMENT

This Change of Control Agreement constitutes the entire understanding between the Company and the Executive concerning the subject matter hereof and supersedes all prior written or oral agreements or understandings between the parties hereto, including without limitation the Original Change of Control Agreement. No term or

9

Exhibit 10.2

provision of this Change of Control Agreement may be changed, waived, amended or terminated except by a written instrument of equal formality to this Change of Control Agreement.

Signature page follows.

10

Exhibit 10.2

IN WITNESS WHEREOF, the parties have executed this Change of Control Agreement as of the date set forth above.

(Corporate Seal)	FIRST COMMONWEALTH FINANCIAL CORPORATION
/s/ Carrie L. Riggle Witness	By: /s/ T. Michael Price    Name: T. Michael Price    Title: President and CEO EXECUTIVE
/s/ Carrie L. Riggle Witness	/s/ Jane Grebenc

11

EX-10.3

Exhibit 10.3

RESTRICTED STOCK AGREEMENT

This Restricted Stock Agreement (this “Agreement”) is made as of the 31st day of May, 2013 (the “Effective Date”) between First Commonwealth Financial Corporation (the “Company”) and Jane Grebenc (the “Grantee”).

RECITALS

A.    The Company and Grantee have entered into an Employment Agreement of even date herewith (the “Employment Agreement”) whereby the Company has agreed to employ Grantee as Executive Vice President and Chief Revenue Officer of the Company upon the terms and subject to the conditions of the Employment Agreement.

B.     The Company has agreed pursuant to the Employment Agreement to award Grantee 45,000 restricted shares of the Company’s common stock, par value $1.00 per share (“Common Shares”), as an inducement award, upon the terms and subject to the conditions of this Agreement.

AGREEMENT

Accordingly, in consideration of the foregoing and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Grantee agree as follows:

1.Award of Stock. The Company hereby grants to the Grantee 45,000 shares of Restricted Stock (the “Shares”), subject to the terms set forth herein and to the terms and provisions of the First Commonwealth Financial Corporation Incentive Compensation Plan (the “Plan”) applicable to Restricted Stock, which terms and provisions are incorporated herein by this reference. Unless the context requires otherwise, the terms defined in the Plan shall have the same meanings herein.

2.Restriction on Transfer. Except for the escrow described in Section 5 hereof or the transfer of the Shares to the Company as contemplated by this Agreement, none of the Shares or any beneficial interest therein shall be transferred, encumbered, pledged or otherwise alienated or disposed of in any way until the Shares become nonforfeitable in accordance with Section 3 of this Agreement.

3.Vesting and Forfeiture. The Shares are subject to forfeiture to the Company until such time as they become nonforfeitable as set forth in this Section 3.

(a)The Shares will become nonrestricted and nonforfeitable as follows, unless earlier forfeited in accordance with this Section 3:

(i)15,000 Shares will become nonrestricted and nonforfeitable on May 31, 2014;

(ii)15,000 Shares will become nonrestricted and nonforfeitable on May 31, 2015; and

(iii)15,000 Shares will become nonrestricted and nonforfeitable on May 31, 2016;

in each case, provided that the Grantee remains an employee through such date.

(b)If the Grantee’s employment is terminated by the Company other than for “Cause” (as defined in the Employment Agreement) or by Grantee for “Good Reason” (as defined in the Employment Agreement”), any Shares which have not as of the termination of Grantee’s employment become nonforfeitable will immediately and automatically, without any action on the part of the Company, become nonforfeitable.

(c)If the Grantee’s employment is terminated (i) by the Company for Cause, (ii) by Grantee for other than Good Reason or (iii) as a result of Grantee’s death or Disability, any Shares which have not as of the termination of Grantee’s employment become nonforfeitable will immediately and automatically be forfeited.

1

Exhibit 10.3

(d)Notwithstanding the foregoing schedule, if a Change in Control occurs while the Grantee is an Employee, then any Shares which have not become nonforfeitable will immediately and automatically, without any action on the part of the Company, become nonforfeitable as of the date of the Change in Control.

4.Share Legends. The following legend will be placed on any certificates evidencing Shares which remain subject to forfeiture, in addition to any other legends that may be required to be placed on such certificates pursuant to applicable law, the Plan or otherwise:

THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE FIRST COMMONWEALTH FINANCIAL CORPORATION INCENTIVE COMPENSATION PLAN AND A RESTRICTED STOCK AGREEMENT BETWEEN THE SHAREHOLDER NAMED ON THE FACE OF THIS CERTIFICATE AND FIRST COMMONWEALTH FINANCIAL CORPORATION (WHICH TERMS AND CONDITIONS MAY INCLUDE, WITHOUT LIMITATION, FORFEITURE CONDITIONS AND TRANSFER RESTRICTIONS). A COPY OF THAT AGREEMENT IS ON FILE IN THE PRINCIPAL OFFICES OF FIRST COMMONWEALTH FINANCIAL CORPORATION AND WILL BE MADE AVAILABLE TO THE HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON REQUEST TO THE SECRETARY OF THE CORPORATION.

Where a book-entry system is used with respect to the issuance of Shares, appropriate notation of such forfeiture possibility and transfer restrictions will be made on the system with respect to the account or accounts to which the Shares are credited.

5.Escrow of Shares.

(a)    Certificates evidencing the Shares issued under this Agreement will be held in escrow by the Secretary of the Company or his or her designee (the “Escrow Holder”) until such Shares cease to be subject to forfeiture in accordance with Section 3, at which time the Escrow Holder will deliver such certificates representing the nonforfeitable Shares to the Grantee; provided, however, that no certificates for Shares will be delivered to the Grantee until appropriate arrangements have been made with the Company for the withholding or payment of any taxes that may be due with respect to such Shares.

(b)    If any of the Shares are forfeited by the Grantee, the Escrow Holder will deliver the stock certificate(s) evidencing those Shares to the Company, which will then have the right to retain and transfer those Shares to its own name free and clear of any rights of the Grantee under this Agreement or otherwise.

(c)    The Escrow Holder is hereby directed to permit transfer of the Shares only in accordance with this Agreement or in accordance with instructions which are consistent with this Agreement which are signed by both parties. In the event further instructions are reasonably desired by the Escrow Holder, he or she shall be entitled to conclusively rely upon directions given by the Committee. The Escrow Holder shall have no liability for any act or omissions hereunder while acting in good faith in the exercise of his or her own judgment.

6.Rights of Grantee. The Grantee shall have the right to vote the Shares and to receive dividends with respect to the Shares, subject to Section 7.

7.Stock Splits, etc. If, while any of the Shares remain subject to forfeiture, there occurs any merger, consolidation, reorganization, recapitalization, stock split, stock dividend, combination or exchange of shares, or other similar change in the Company’s common stock, then any and all new, substituted or additional securities or other consideration to which the Grantee is entitled by reason of the Grantee’s ownership of the Shares will be immediately subject to this Agreement, deposited with the Escrow Holder and included thereafter as “Shares” for purpose of this Agreement.

2

Exhibit 10.3

8.Tax Withholding. Grantee shall be required to deposit with the Company an amount of cash equal to the amount determined by the Company to be required with respect to any withholding taxes, FICA contributions, or the like under any federal, state, or local statute, ordinance, rule, or regulation in connection with the vesting or award of the Shares. Alternatively, the Company may, at Grantee’s election, (i) withhold the required amounts from Grantee’s pay during the pay periods next following the date on which any such applicable tax liability otherwise arises, or (ii) withhold a number of Shares otherwise deliverable having a Fair Market Value sufficient to satisfy the statutory minimum of all or part of Grantee’s estimated total federal, state, and local tax obligations associated with the vesting or award of the Shares..

9.83(b) Election. Grantee hereby acknowledges that he may file an election pursuant to Section 83(b) of the Code to be taxed currently on the fair market value of the Shares (less any purchase price paid for the Shares), provided that such election must be filed with the Internal Revenue Service no later than thirty (30) days after the grant of such Shares. Grantee will seek the advice of his own tax advisors as to the advisability of making such a Section 83(b) election, the potential consequences of making such an election, the requirements for making such an election, and the other tax consequences of this Award under federal, state, and any other laws that may be applicable. The Company and its Subsidiaries and agents have not and are not providing any tax advice to Grantee.

10.Limitation on Rights; No Right to Future Grants; Extraordinary Item.By entering into this Agreement and accepting the Award, Grantee acknowledges that: (a) Grantee's participation in the Plan is voluntary; and (b)  the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Grantee will not be entitled to compensation or damages as a consequence of Grantee's forfeiture of any unvested portion of the Award as a result of Grantee's separation from service with the Company or any Subsidiary for any reason.

11.General Provisions:

(a)    This Agreement, together with the Plan, constitutes the entire agreement between the Company and the Grantee regarding the grant of the Shares.

(b)    The Committee may modify this Agreement to bring it into compliance with any valid and mandatory government regulation or exchange listing requirement. This Agreement may also be amended by the Committee with the consent of the Grantee. Any such amendment shall be in writing and signed by the Company and the Grantee.

(c)    Nothing contained in this Agreement shall be deemed to require the Company and its Subsidiaries to continue the Grantee’s relationship as an Employee or to modify any agreement between the Grantee and the Company or its Subsidiaries relating thereto.

(d)    The Committee may from time to time impose any conditions on the Shares as it deems reasonably necessary to ensure that the Plan and this Award satisfy the conditions of Rule 16b-3 of the Securities Exchange Act of 1934, as amended, and that Shares are issued and resold in compliance with the Securities Act of 1933, as amended.

(e)    The Grantee agrees upon request execute any further documents or instruments necessary or desirable to carry out the purposes or intent of this Agreement.

(f)    Grantee hereby acknowledges receipt of a copy of the Plan and the Plan’s prospectus and agrees to be bound by all the terms and provisions thereof. The terms of the Plan as it presently exists, and as it may hereafter be amended, are deemed incorporated herein by reference, and in the event of any conflict between the terms of this Agreement and the provisions of the Plan, the provisions of the Plan shall be deemed to supersede the provisions of this Agreement.

3

Exhibit 10.3

(g)    This Agreement shall be governed by, and enforced in accordance with, the laws of the Commonwealth of Pennsylvania without regard to the application of the principals of conflicts or choice of laws.

(h)    This Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument.

IN WITNESS WHEREOF, the parties have duly executed this Restricted Stock Agreement as of the day and year first set forth above.

First Commonwealth Financial Corporation

By: /s/ T. Michael Price

Name: T. Michael Price

Title: President and Chief Executive Officer

_/s/ Jane Grebenc_________________

  Jane Grebenc

4

EX-31.1

EXHIBIT 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, T. Michael Price, certify that:

1. I have reviewed this quarterly report on Form 10-Q of First Commonwealth Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

DATED: August 7, 2013	/s/ T. Michael Price
	T. Michael Price President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert E. Rout, certify that:

1. I have reviewed this quarterly report on Form 10-Q of First Commonwealth Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

DATED: August 7, 2013	/s/ Robert E. Rout
	Robert E. Rout
	Executive Vice President and
	Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

I, T. Michael Price, of First Commonwealth Financial Corporation (“First Commonwealth”), certify that the Quarterly Report of First Commonwealth on Form 10-Q for the period ended June 30, 2013, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition of First Commonwealth at the end of such period and the results of operations of First Commonwealth for such period.

DATED: August 7, 2013	/s/ T. Michael Price
	T. Michael Price
	President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

I, Robert E. Rout, of First Commonwealth Financial Corporation (“First Commonwealth”), certify that the Quarterly Report of First Commonwealth on Form 10-Q for the period ended June 30, 2013, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition of First Commonwealth at the end of such period and the results of operations of First Commonwealth for such period.

DATED: August 7, 2013	/s/ Robert E. Rout
	Robert E. Rout
	Executive Vice President and Chief Financial Officer

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Impairment of Investment Securities

6 Months Ended

Jun. 30, 2013

Impairment of Investment Securities Disclosure [Abstract]

Impairment of Investment Securities

Impairment of Investment Securities

As required by FASB ASC Topic 320, “Investments – Debt and Equity Securities,” credit related other-than-temporary impairment on debt securities is recognized in earnings while non-credit related other-than-temporary impairment on debt securities not expected to be sold is recognized in OCI. During the six-months endedJune 30, 2013 and 2012, no other-than-temporary impairment charges were recognized. For the six-months endedJune 30, 2013, $4.7 million in non-credit related gains on our trust preferred collateralized debt obligations that were determined to be impaired in previous periods was recorded in OCI. For the same period in 2012, $0.2 million in non-credit related gains for the same pool of securities was recorded in OCI. All of the securities for which other-than-temporary impairment was recorded were classified as available for sale securities.

First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on equity securities.

In the Condensed Consolidated Statements of Income, the “Changes in fair value on impaired securities” line represents the change in fair value of securities impaired in the current or previous periods. The change in fair value includes both non-credit and credit related gains or losses. Credit related losses occur when the entire amortized cost of the security will not be recovered. The “Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)” line represents the gains and losses on the securities resulting from factors other than credit. The non-credit related gain or loss is disclosed in the Condensed Consolidated Statements of Income and recognized through other comprehensive income. The “Net impairment losses” line represents the credit related losses recognized in total noninterest income for the related period.

We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and whether we are more likely than not to sell the security. We evaluate whether we are more likely than not to sell debt securities based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy, tax position and interest rate risk position. In addition, the risk of future other-than-temporary impairment may be influenced by additional bank failures, weakness in the U.S. economy, changes in real estate values and additional interest deferrals in our pooled trust preferred collateralized debt obligations. Our pooled trust preferred collateralized debt obligations are beneficial interests in securitized financial assets within the scope of FASB ASC Topic 325, “Investments – Other,” and are therefore evaluated for other-than-temporary impairment using management’s best estimate of future cash flows. If these estimated cash flows indicate that it is probable that an adverse change in cash flows has occurred, then other-than-temporary impairment would be recognized in accordance with FASB ASC Topic 320. There is a risk that First Commonwealth will record other-than-temporary impairment charges in the future. See Note 12, “Fair Values of Assets and Liabilities,” for additional information.

The following table presents the gross unrealized losses and estimated fair values at June 30, 2013 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More					Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	2,096	$	(27	)	$	—	$	—		$	2,096	$	(27	)
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	$	550,385	$	(17,643	)	$	—	$	—		$	550,385	$	(17,643	)
Other Government-Sponsored Enterprises	$	186,985	$	(2,981	)	$	—	$	—		$	186,985	$	(2,981	)
Corporate Securities	4,798		(26		)	—		—			4,798		(26		)
Pooled Trust Preferred Collateralized Debt Obligations	$	33	$	(23	)	$	21,706	$	(24,061	)	$	21,739	$	(24,084	)
Total Securities Available for Sale	$	744,297	$	(20,700	)	$	21,706	$	(24,061	)	$	766,003	$	(44,761	)

At June 30, 2013, pooled trust preferred collateralized debt obligations accounted for 54% of the unrealized losses, while fixed income securities issued by U.S. Government-sponsored enterprises comprised 46% of total unrealized losses. The unrealized losses related to U.S. Government-sponsored enterprises are the result of interest rate movements. There were no equity securities in an unrealized loss position at June 30, 2013.

The following table presents the gross unrealized losses and estimated fair values at December 31, 2012 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More						Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses				Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	—	$	—		$	13	$	—		(a)	$	13	$	—
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	76,296		(392		)	21		—			(a)	76,317		(392		)
Other Government-Sponsored Enterprises	59,303		(72		)	—		—				59,303		(72		)
Pooled Trust Preferred Collateralized Debt Obligations	—		—			23,316		(28,496		)		23,316		(28,496		)
Total Securities Available for Sale	$	135,599	$	(464	)	$	23,350	$	(28,496	)		$	158,949	$	(28,960	)

(a) Gross unrealized losses related to these types of securities are less than $1 thousand.

As of June 30, 2013 and December 31, 2012, our corporate securities had an amortized cost and an estimated fair value of $6.7 million and $7.0 million, and were comprised of single issue trust preferred securities issued primarily by large regional banks. When unrealized losses exist on these investments, management reviews each of the issuer’s asset quality, earnings trend and capital position, to determine whether issues in an unrealized loss position were other-than-temporarily impaired. All interest payments on the corporate securities are being made as contractually required.

As of June 30, 2013, the book value of our pooled trust preferred collateralized debt obligations totaled $49.5 million with an estimated fair value of $25.9 million, which includes securities comprised of 309 banks and other financial institutions. One of our pooled securities is a senior tranche and the remainders are mezzanine tranches, four of which have no senior class remaining in the issue. One of the pooled issues, representing $2 thousand of the $49.5 million book value, remain above investment grade. At the time of initial issue, the subordinated tranches ranged in size from approximately 7% to 35% of the total principal amount of the respective securities and no more than 5% of any pooled security consisted of a security issued by any one institution. As of June 30, 2013, after taking into account management’s best estimates of future interest deferrals and defaults, seven of our securities had no excess subordination in the tranches we own and four of our securities had excess subordination which ranged from 10% to 51% of the current performing collateral.

The following table provides information related to our pooled trust preferred collateralized debt obligations as of June 30, 2013:

Deal	Class	Book Value		Estimated Fair Value		Unrealized Gain (Loss)			Moody’s/ Fitch Ratings	Number of Banks	Deferrals and Defaults as a % of Current Collateral		Excess Subordination as a % of Current Performing Collateral
(dollars in thousands)
Pre TSL I	Senior	$	2	$	2	$	—		Aa3/A	9	33.33	%	NM
Pre TSL IV	Mezzanine	1,830		1,206		(624		)	Caa2/CCC	6	18.05		50.84
Pre TSL V	Mezzanine	56		33		(23		)	C/–	3	100.00		—
Pre TSL VII	Mezzanine	3,705		4,127		422			Ca/C	15	52.80		—
Pre TSL VIII	Mezzanine	1,898		1,022		(876		)	C/C	30	58.01		—
Pre TSL IX	Mezzanine	2,286		1,041		(1,245		)	Ca/C	44	27.04		9.94
Pre TSL X	Mezzanine	1,333		1,253		(80		)	Ca/C	47	34.92		—
Pre TSL XII	Mezzanine	5,357		2,762		(2,595		)	Ca/C	70	31.25		—
Pre TSL XIII	Mezzanine	12,451		6,662		(5,789		)	Ca/C	61	28.88		20.84
Pre TSL XIV	Mezzanine	13,421		5,611		(7,810		)	Ca/C	59	37.00		32.29
MMCap I	Mezzanine	644		492		(152		)	Ca/C	12	62.77		—
MM Comm IX	Mezzanine	6,548		1,658		(4,890		)	Ca/CC	27	44.41		—
Total		$	49,531	$	25,869	$	(23,662	)

Lack of liquidity in the market for trust preferred collateralized debt obligations, credit rating downgrades and market uncertainties related to the financial industry are factors contributing to the impairment on these securities.

On a quarterly basis we evaluate our debt securities for other-than-temporary impairment. During the three- and six-months endedJune 30, 2013 and 2012, there were no credit related other-than-temporary impairment charges recognized on our pooled trust preferred collateralized debt obligations. When evaluating these investments we determine a credit related portion and a non-credit related portion of other-than-temporary impairment. The credit related portion is recognized in earnings and represents the difference between book value and the present value of future cash flows. The non-credit related portion is recognized in OCI and represents the difference between the fair value of the security and the amount of credit related impairment. A discounted cash flow analysis provides the best estimate of credit related other-than-temporary impairment for these securities.

Additional information related to the discounted cash flow analysis follows:

Our pooled trust preferred collateralized debt obligations are measured for other-than-temporary impairment within the scope of FASB ASC Topic 325 by determining whether it is probable that an adverse change in estimated cash flows has occurred. Determining whether there has been an adverse change in estimated cash flows from the cash flows previously projected involves comparing the present value of remaining cash flows previously projected against the present value of the cash flows estimated at June 30, 2013. We consider the discounted cash flow analysis to be our primary evidence when determining whether credit related other-than-temporary impairment exists.

Results of a discounted cash flow test are significantly affected by other variables such as the estimate of future cash flows, credit worthiness of the underlying banks and determination of probability of default of the underlying collateral. The following provides additional information for each of these variables:

• Estimate of Future Cash Flows – Cash flows are constructed in an INTEX cash flow model which includes each deal’s structural features. Projected cash flows include prepayment assumptions which are dependent on the issuer's asset size and coupon rate. For collateral issued by financial institutions over $15 billion in asset size with a coupon over 7%, a 100% prepayment rate is assumed. Financial institutions over $15 billion with a coupon of 7% or under are assigned a prepayment rate of 40% for two years and 2% thereafter. Financial institutions with assets between $2 billion and $15 billion with coupons over 7% are assigned a 5% prepayment rate. For financial institutions below $2 billion, if the coupon is over 10%, a prepayment rate of 5% is assumed and for all other issuers, there is no prepaymentassumptionincorporated into the cash flows. The modeled cash flows are then used to estimate if all the scheduled principal and interest payments of our investments will be returned.

• Credit Analysis – A quarterly credit evaluation is performed for each of the 309 banks comprising the collateral across the various pooled trust preferred securities. Our credit evaluation considers all evidence available to us and includes the nature of the issuer’s business, its years of operating history, corporate structure, loan composition, loan concentrations, deposit mix, asset growth rates, geographic footprint and local economic environment. Our analysis focuses on profitability, return on assets, shareholders’ equity, net interest margin, credit quality ratios, operating efficiency, capital adequacy and liquidity.

• Probability of Default – A probability of default is determined for each bank and is used to calculate the expected impact of future deferrals and defaults on our expected cash flows. Each bank in the collateral pool is assigned a probability of default for each year until maturity. Currently, any bank that is in default is assigned a 100% probability of default and a 0% projected recovery rate. All other banks in the pool are assigned a probability of default based on their unique credit characteristics and market indicators with a 10% projected recovery rate. For the majority of banks currently in deferral we assume the bank continues to defer and will eventually default and, therefore, a 100% probability of default is assigned. However, for some deferring collateral there is the possibility that they become current on interest or principal payments at some point in the future and in those cases a probability that the deferral will ultimately cure is assigned. The probability of default is updated quarterly. As of June 30, 2013, default probabilities for performing collateral ranged from 0.33% to 75%.

Our credit evaluation provides a basis for determining deferral and default probabilities for each underlying piece of collateral. Using the results of the credit evaluation, the next step of the process is to look at pricing of senior debt or credit default swaps for the issuer (or where such information is unavailable, for companies having similar credit profiles as the issuer). The pricing of these market indicators provides the information necessary to determine appropriate default probabilities for each bank.

In addition to the above factors, our evaluation of impairment also includes a stress test analysis which provides an estimate of excess subordination for each tranche. We stress the cash flows of each pool by increasing current default assumptions to the level of defaults which results in an adverse change in estimated cash flows. This stressed breakpoint is then used to calculate excess subordination levels for each pooled trust preferred security. The results of the stress test allows management to identify those pools that are at a greater risk for a future break in cash flows so that we can monitor banks in those pools more closely for potential deterioration of credit quality.

Our cash flow analysis as of June 30, 2013, indicates that no credit related other-than-temporary impairment has occurred on our pooled trust preferred securities during the six-months endedJune 30, 2013. Based upon the analysis performed by management, it is probable that seven of our pooled trust preferred securities will experience principal and interest shortfalls and therefore appropriate other-than-temporary charges were recorded in prior periods. These securities are identified in the table on page 16 with 0% “Excess Subordination as a Percentage of Current Performing Collateral.” For the remaining securities listed in that table, our analysis as of June 30, 2013 indicates it is probable that we will collect all contractual principal and interest payments.

During 2008, 2009 and 2010, other-than-temporary impairment charges were recognized on all of our pooled trust preferred securities, except for PreTSL I and PreTSL IV. Our cash flow analysis as of June 30, 2013, for all of these impaired securities indicates that it is now probable we will collect principal and interest in excess of what was estimated at the time other-than-temporary impairment charges were recorded. This change can be attributed to improvement in the underlying collateral for these securities and has resulted in our current book value being below the present value of estimated future principal and interest payments. The excess for each bond of the present value of future cash flows over our current book value ranges from 6% to 158% and will be recognized as an adjustment to yield over the remaining life of these securities. The excess subordination recognized as an adjustment to yield are reflected in the following table as increases in cash flows expected to be collected.

The following table provides a cumulative roll forward of credit losses recognized in earnings for debt securities held and not intended to be sold:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Balance, beginning (a)	$	42,991		$	44,501		$	43,274		$	44,736
Credit losses on debt securities for which other-than-temporary impairment was not previously recognized	—			—			—			—
Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized	—			—			—			—
Increases in cash flows expected to be collected, recognized over the remaining life of the security (b)	(292		)	(271		)	(575		)	(506		)
Balance, ending	$	42,699		$	44,230		$	42,699		$	44,230

(a) The beginning balance represents credit related losses included in other-than-temporary impairment charges recognized on debt securities in prior periods.

(b) Represents the increase in cash flows recognized in interest income during the period.

In the second quarter of 2013 and 2012, no other-than-temporary impairment charges were recorded on equity securities. On a quarterly basis, management evaluates equity securities for other-than-temporary impairment by reviewing the severity and duration of decline in estimated fair value, research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, regulatory filings, impact of interest rate changes and other relevant information. As of June 30, 2013 and 2012, there are no equity securities in an unrealized loss position.

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Loans and Allowance for Credit Losses - Outstanding Balances of Loan (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 4,229,752	$ 4,204,704	$ 4,159,531
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,012,315	1,019,822	1,059,675
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	66,243	87,438	77,442
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,269,830	1,241,565	1,213,610
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,280,784	1,273,661	1,232,270
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 600,580	$ 582,218	$ 576,534

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Interest Income
Interest and fees on loans	$ 43,629	$ 46,408	$ 88,243	$ 94,448
Interest and dividends on investments:
Taxable interest	7,319	8,279	14,428	16,828
Interest exempt from federal income taxes	1	5	2	10
Dividends	30	19	66	40
Interest on bank deposits	2	1	3	2
Total interest income	50,981	54,712	102,742	111,328
Interest Expense
Interest on deposits	4,007	5,643	8,198	11,890
Interest on short-term borrowings	287	279	507	506
Interest on subordinated debentures	580	1,422	1,964	2,855
Interest on other long-term debt	409	450	957	989
Total interest on long-term debt	989	1,872	2,921	3,844
Total interest expense	5,283	7,794	11,626	16,240
Net Interest Income	45,698	46,918	91,116	95,088
Provision for credit losses	10,800	4,297	15,297	8,084
Net Interest Income after Provision for Credit Losses	34,898	42,621	75,819	87,004
Noninterest Income
Changes in fair value on impaired securities	2,841	(1,323)	4,705	175
Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)	(2,841)	1,323	(4,705)	(175)
Net impairment losses	0	0	0	0
Net securities gains	4	0	8	0
Trust income	1,608	1,607	3,271	3,149
Service charges on deposit accounts	3,815	3,737	7,216	7,239
Insurance and retail brokerage commissions	1,384	1,670	2,801	3,094
Income from bank owned life insurance	1,432	1,459	2,860	2,904
Gain on sale of assets	425	1,444	700	3,559
Fees and Commissions, Debit Cards	3,490	3,285	6,678	6,399
Other income	2,773	2,894	6,282	7,132
Total noninterest income	14,931	16,096	29,816	33,476
Noninterest Expense
Salaries and employee benefits	21,497	22,363	43,290	44,121
Net occupancy expense	3,221	3,303	6,856	6,707
Furniture and equipment expense	3,297	3,024	6,569	6,208
Data processing expense	1,503	1,796	3,019	3,359
Pennsylvania shares tax expense	1,517	1,510	2,707	2,693
Intangible amortization	297	371	655	742
Collection and repossession expense	851	670	2,002	3,369
Other professional fees and services	948	940	1,917	2,139
FDIC insurance	1,084	1,262	2,134	2,499
Loss on redemption of subordinated debt	1,629	0	1,629	0
Other operating expenses	6,154	6,609	12,674	16,763
Total noninterest expense	41,998	41,848	83,452	88,600
Income Before Income Taxes	7,831	16,869	22,183	31,880
Income tax provision	2,015	4,548	5,814	8,508
Net Income	$ 5,816	$ 12,321	$ 16,369	$ 23,372
Average Shares Outstanding (in shares)	97,564,699	104,894,261	98,421,956	104,852,494
Average Shares Outstanding Assuming Dilution (in shares)	97,577,010	104,901,239	98,429,223	104,855,543
Per Share Data:
Basic Earnings per Share (in dollars per share)	$ 0.06	$ 0.12	$ 0.17	$ 0.22
Diluted Earnings per Share (in dollars per share)	$ 0.06	$ 0.12	$ 0.17	$ 0.22
Cash Dividends Declared per Common Share (in dollars per share)	$ 0.06	$ 0.05	$ 0.11	$ 0.08

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Supplemental Comprehensive Income Disclosures

6 Months Ended

Jun. 30, 2013

Supplemental Comprehensive Income Disclosures [Abstract]

Supplemental Comprehensive Income Disclosures

Supplemental Comprehensive Income Disclosures

The following table identifies the related tax effects allocated to each component of other comprehensive income (“OCI”) in the Condensed Consolidated Statements of Comprehensive Income. Reclassification adjustments related to securities available for sale are included in the "Net securities gains" line in the Condensed Consolidated Statements of Income. The non-credit related (losses) gains on securities not expected to be sold are included in the "Noninterest Income" section of the Condensed Consolidated Statements of Income.

	For the Six-Months Ended June 30
	2013									2012
	Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pretax Amount		Tax (Expense) Benefit			Net of Tax Amount
	(dollars in thousands)
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on securities arising during the period	$	(32,346	)	$	11,312		$	(21,034	)	$	1,097	$	(378	)	$	719
Non-credit related gains on securities not expected to be sold	4,705			(1,647		)	3,058			175		(61		)	114
Reclassification adjustment for gains on securities included in net income	(8		)	3			(5		)	—		—			—
Total available for sale     securities	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833
Total other comprehensive (loss) income	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833

	For the Three-Months Ended June 30
	2013									2012
	Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount
	(dollars in thousands)
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on securities arising during the period	$	(28,071	)	$	9,817		$	(18,254	)	$	998		$	(344	)	$	654
Non-credit related gains (losses) on securities not expected to be sold	2,841			(995		)	1,846			(1,323		)	463			(860		)
Reclassification adjustment for gains on securities included in net income	(4		)	2			(2		)	—			—			—
Total available for sale     securities	$	(25,234	)	$	8,824		$	(16,410	)	$	(325	)	$	119		$	(206	)
Total other comprehensive loss	$	(25,234	)	$	8,824		$	(16,410	)	$	(325	)	$	119		$	(206	)

The following table details the change in components of OCI for the six-months endedJune 30:

	2013								2012
	Securities Available for Sale			Post-Retirement Obligation		Accumulated Other Comprehensive Income			Securities Available for Sale		Post-Retirement Obligation		Accumulated Other Comprehensive Income
	(dollars in thousands)
Balance at December 31	$	1,121		$	138	$	1,259		$	1,669	$	332	$	2,001
Other comprehensive (loss) income before reclassification adjustment	(21,034		)	—		(21,034		)	719		—		719
Amounts reclassified from accumulated other comprehensive income (loss)	3,053			—		3,053			114		—		114
Net other comprehensive (loss) income during the period	(17,981		)	—		(17,981		)	833		—		833
Balance at June 30	$	(16,860	)	$	138	$	(16,722	)	$	2,502	$	332	$	2,834

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Supplemental Comprehensive Income Disclosures (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Comprehensive Income Disclosures [Abstract]

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The following table identifies the related tax effects allocated to each component of other comprehensive income (“OCI”) in the Condensed Consolidated Statements of Comprehensive Income. Reclassification adjustments related to securities available for sale are included in the "Net securities gains" line in the Condensed Consolidated Statements of Income. The non-credit related (losses) gains on securities not expected to be sold are included in the "Noninterest Income" section of the Condensed Consolidated Statements of Income.

	For the Six-Months Ended June 30
	2013									2012
	Pretax Amount			Tax (Expense) Benefit			Net of Tax Amount			Pretax Amount		Tax (Expense) Benefit			Net of Tax Amount
	(dollars in thousands)
Unrealized (losses) gains on securities:
Unrealized holding (losses) gains on securities arising during the period	$	(32,346	)	$	11,312		$	(21,034	)	$	1,097	$	(378	)	$	719
Non-credit related gains on securities not expected to be sold	4,705			(1,647		)	3,058			175		(61		)	114
Reclassification adjustment for gains on securities included in net income	(8		)	3			(5		)	—		—			—
Total available for sale     securities	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833
Total other comprehensive (loss) income	$	(27,649	)	$	9,668		$	(17,981	)	$	1,272	$	(439	)	$	833

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table details the change in components of OCI for the six-months endedJune 30:

	2013								2012
	Securities Available for Sale			Post-Retirement Obligation		Accumulated Other Comprehensive Income			Securities Available for Sale		Post-Retirement Obligation		Accumulated Other Comprehensive Income
	(dollars in thousands)
Balance at December 31	$	1,121		$	138	$	1,259		$	1,669	$	332	$	2,001
Other comprehensive (loss) income before reclassification adjustment	(21,034		)	—		(21,034		)	719		—		719
Amounts reclassified from accumulated other comprehensive income (loss)	3,053			—		3,053			114		—		114
Net other comprehensive (loss) income during the period	(17,981		)	—		(17,981		)	833		—		833
Balance at June 30	$	(16,860	)	$	138	$	(16,722	)	$	2,502	$	332	$	2,834

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Fair Values of Assets and Liabilities - Losses Realized on Assets Measured on Non-Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Fair Value Disclosures [Abstract]
Impaired loans	$ (10,806)	$ (3,086)	$ (11,086)	$ (3,742)
Other real estate owned	(241)	(163)	(362)	(3,017)
Total losses	$ (11,047)	$ (3,249)	$ (11,448)	$ (6,759)

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Loans and Allowance for Credit Losses - Age Analysis of Past Due Loans by Segment (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	$ 11,627	$ 14,069
60 - 89 days past due	2,136	5,319
90 days and greater and still accruing	2,648	2,447
Nonaccrual	59,286	94,518
Total past due and nonaccrual	75,697	116,353
Current	4,154,055	4,088,351
Total	4,229,752	4,204,704	4,159,531
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	814	991
60 - 89 days past due	34	620
90 days and greater and still accruing	289	288
Nonaccrual	20,170	29,258
Total past due and nonaccrual	21,307	31,157
Current	991,008	988,665
Total	1,012,315	1,019,822
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	0	2
60 - 89 days past due	0	19
90 days and greater and still accruing	0	15
Nonaccrual	3,073	9,778
Total past due and nonaccrual	3,073	9,814
Current	63,170	77,624
Total	66,243	87,438
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	5,058	6,597
60 - 89 days past due	1,028	2,357
90 days and greater and still accruing	1,182	730
Nonaccrual	10,719	9,283
Total past due and nonaccrual	17,987	18,967
Current	1,251,843	1,222,598
Total	1,269,830	1,241,565
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	3,116	3,339
60 - 89 days past due	48	1,389
90 days and greater and still accruing	0	195
Nonaccrual	25,136	46,023
Total past due and nonaccrual	28,300	50,946
Current	1,252,484	1,222,715
Total	1,280,784	1,273,661
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 days past due	2,639	3,140
60 - 89 days past due	1,026	934
90 days and greater and still accruing	1,177	1,219
Nonaccrual	188	176
Total past due and nonaccrual	5,030	5,469
Current	595,550	576,749
Total	$ 600,580	$ 582,218

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Loans and Allowance for Credit Losses

6 Months Ended

Jun. 30, 2013

Loans and Leases Receivable Disclosure [Abstract]

Loans and Allowance for Credit Losses

Loans and Allowance for Credit Losses

The following table provides outstanding balances related to each of our loan types:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,012,315	$	1,019,822
Real estate construction	66,243		87,438
Residential real estate	1,269,830		1,241,565
Commercial real estate	1,280,784		1,273,661
Loans to individuals	600,580		582,218
Total loans and leases net of unearned income	$	4,229,752	$	4,204,704

Credit Quality Information

As part of the on-going monitoring of credit quality within the loan portfolio, the following credit worthiness categories are used in grading our loans:

Pass Acceptable levels of risk exist in the relationship. Includes all loans not adversely classified as OAEM, substandard or doubtful.

Other Assets Especially Mentioned (OAEM)
	Potential weaknesses that deserve management’s close attention. The potential weaknesses may result in deterioration of the repayment prospects or weaken the Bank’s credit position at some future date. The credit risk may be relatively minor, yet constitute an undesirable risk in light of the circumstances surrounding the specific credit. No loss of principal or interest is expected.

Substandard Well-defined weakness or a weakness that jeopardizes the repayment of the debt. A loan may be classified as substandard as a result of deterioration of the borrower’s financial condition and repayment capacity. Loans for which repayment plans have not been met or collateral equity margins do not protect the Company may also be classified as substandard.

Doubtful Loans with the characteristics of substandard loans with the added characteristic that collection or liquidation in full, on the basis of presently existing facts and conditions, is highly improbable.

The use of creditworthiness categories to grade loans permits management’s use of migration analysis to estimate a portion of credit risk. The Company’s internal creditworthiness grading system provides a measurement of credit risk based primarily on an evaluation of the borrower’s cash flow and collateral. Movements between these rating categories provides a predictive measure of credit losses and therefore assists in determining the appropriate level for the loan loss reserves. Category ratings are reviewed each quarter, at which time management analyzes the results, as well as other external statistics and factors related to loan performance. Loans that migrate towards higher risk rating levels generally have an increased risk of default, whereas, loans that migrate toward lower risk ratings generally will result in a lower risk factor being applied to those related loan balances.

The following tables represent our credit risk profile by creditworthiness:

	June 30, 2013
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	933,092	$	52,706	$	1,253,021	$	1,166,928	$	600,411	$	4,006,158
Non-Pass
OAEM	35,231		1,030		4,280		71,017		2		111,560
Substandard	43,992		12,507		12,529		42,839		167		112,034
Doubtful	—		—		—		—		—		—
Total Non-Pass	79,223		13,537		16,809		113,856		169		223,594
Total	$	1,012,315	$	66,243	$	1,269,830	$	1,280,784	$	600,580	$	4,229,752

	December 31, 2012
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	925,868	$	64,353	$	1,224,849	$	1,119,093	$	582,039	$	3,916,202
Non-Pass
OAEM	31,049		925		5,647		82,581		3		120,205
Substandard	62,905		18,638		11,069		71,987		176		164,775
Doubtful	—		3,522		—		—		—		3,522
Total Non-Pass	93,954		23,085		16,716		154,568		179		288,502
Total	$	1,019,822	$	87,438	$	1,241,565	$	1,273,661	$	582,218	$	4,204,704

Portfolio Risks

The credit quality of our loan portfolio represents significant risk to our earnings, capital, regulatory agency relationships, investment community reputation and shareholder returns. First Commonwealth devotes a substantial amount of resources managing this risk primarily through our credit administration department that develops and administers policies and procedures for underwriting, maintaining, monitoring and collecting activities. Credit administration is independent of lending departments and oversight is provided by the credit committee of the First Commonwealth Board of Directors.

Criticized loans have been evaluated when determining the appropriateness of the allowance for credit losses, which we believe is adequate to absorb losses inherent to the portfolio as of June 30, 2013. However, changes in economic conditions, interest rates, borrower financial condition, delinquency trends or previously established fair values of collateral factors could significantly change those judgmental estimates.

Risk factors associated with commercial real estate and construction related loans are monitored closely since this is an area that represents a significant portion of the loan portfolio and has experienced the most stress during the economic downturn.

Age Analysis of Past Due Loans by Segment

The following tables delineate the aging analysis of the recorded investments in past due loans as of June 30, 2013 and December 31, 2012. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.

	June 30, 2013
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	814	$	34	$	289	$	20,170	$	21,307	$	991,008	$	1,012,315
Real estate construction	—		—		—		3,073		3,073		63,170		66,243
Residential real estate	5,058		1,028		1,182		10,719		17,987		1,251,843		1,269,830
Commercial real estate	3,116		48		—		25,136		28,300		1,252,484		1,280,784
Loans to individuals	2,639		1,026		1,177		188		5,030		595,550		600,580
Total	$	11,627	$	2,136	$	2,648	$	59,286	$	75,697	$	4,154,055	$	4,229,752

	December 31, 2012
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	991	$	620	$	288	$	29,258	$	31,157	$	988,665	$	1,019,822
Real estate construction	2		19		15		9,778		9,814		77,624		87,438
Residential real estate	6,597		2,357		730		9,283		18,967		1,222,598		1,241,565
Commercial real estate	3,339		1,389		195		46,023		50,946		1,222,715		1,273,661
Loans to individuals	3,140		934		1,219		176		5,469		576,749		582,218
Total	$	14,069	$	5,319	$	2,447	$	94,518	$	116,353	$	4,088,351	$	4,204,704

Nonaccrual Loans

The previous tables summarize nonaccrual loans by loan segment. The Company generally places loans on nonaccrual status when the full and timely collection of interest or principal becomes uncertain, when part of the principal balance has been charged off and no restructuring has occurred, or the loans reach a certain number of days past due. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans which are placed in nonaccrual status at 150 days past due.

When a loan is placed on nonaccrual, the accrued unpaid interest receivable is reversed against interest income and all future payments received are applied as a reduction to the loan principal. Generally, the loan is returned to accrual status when (a) all delinquent interest and principal become current under the terms of the loan agreement or (b) the loan is both well-secured and in the process of collection and collectability is no longer doubtful.

Impaired Loans

Management considers loans to be impaired when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract, including scheduled interest payments. Determination of impairment is treated the same across all loan categories. When management identifies a loan as impaired, the impairment is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole source for repayment of the loan is the operation or liquidation of collateral. When the loan is collateral dependent, the appraised value less estimated cost to sell is utilized. If management determines the value of the impaired loan is less than the recorded investment in the loan, impairment is recognized through an allowance estimate or a charge-off to the allowance. Troubled debt restructured loans on accrual status are considered to be impaired loans.

When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received, under the cash basis method.

Nonperforming loans decreased$34.5 million during the six-months endedJune 30, 2013. Contributing to this decrease was the sale of $17.2 million of loans related to a real estate developer in eastern Pennsylvania as well as a $2.5 million commercial real estate loan in Nevada and a $3.5 million construction loan for a Florida condominium project. Also, a $3.8 million hotel resort syndication loan in the state of Washington and a $2.3 million commercial loan to a western Pennsylvania excavation company were returned to accrual status during the first six months of 2013. Additionally, $18.4 million in charge-offs were recognized on three commercial loan relationships during the first half of 2013, including $2.8 million for a commercial real estate loan to a western Pennsylvania non-profit healthcare facility who recently filed for bankruptcy, $2.5 million for a commercial real estate loan to a western Pennsylvania student housing project which is in the foreclosure process and $13.1 million for an unsecured commercial loan to a western Pennsylvania real estate developer.

A total of $26.1 million of loans were moved into nonaccrual status during the six-months endedJune 30, 2013. Four commercial loan relationships comprise $20.1 million of this total. These relationships include a $7.7 million commercial real estate loan to a real estate management company in western Pennsylvania, a $5.7 million commercial real estate relationship to a western Pennsylvania commercial real estate developer, of which $0.5 million was charged-off and $4.8 million was moved to OREO, all during the six-month period, a $3.6 million commercial relationship to a specialty metal processor in western Pennsylvania, and a $3.1 million commercial relationship with a western Pennsylvania glass manufacturer. In addition to this, $2.0 million in consumer loans which were 150 days or more past due were moved to nonaccrual status. Beginning in the third quarter of 2012, consumer loans are moved to nonaccrual status once they reach 150 days past due, however, in prior periods, these loans were not placed in nonaccrual status if they were well secured and in the process of collection.

The specific allowance for nonperforming loans decreased by $8.1 million at June 30, 2013 compared to December 31, 2012, primarily due to charge-offs of amounts reserved for in prior periods. Unfunded commitments related to nonperforming loans were $1.9 million at June 30, 2013 and after consideration of available collateral related to these commitments, an off balance sheet reserve of $0.1 million was established.

There were no loans held for sale at June 30, 2013 and December 31, 2012; however, sales of loans during the six-months endedJune 30, 2013 and 2012 resulted in gains of $0.4 million and $2.9 million, respectively.

Significant nonaccrual loans as of June 30, 2013, include the following:

• $7.7 million commercial real estate loans to a real estate management company in western Pennsylvania. These loans were originated from 2008 to 2012 and were placed in nonaccrual status in the second quarter of 2013. The most recent appraisal for this real estate collateral was completed in the second quarter of 2013.

• $2.8 million, the remaining portion net of reserves, of a $44.1 million unsecured loan to a western Pennsylvania real estate developer. This loan was originated in 2004 and was placed in nonaccrual status in the fourth quarter of 2009. Charge-offs of $28.5 million have been recorded on this loan, of which $13.1 million occurred in the second quarter of 2013.

• $3.6 million commercial real estate and industrial loans to a specialty metal processor in western Pennsylvania. This loan was originated in 2003 and was placed in nonaccrual status in the second quarter of 2013. The assets collateralizing this relationship as well as the appraisal for the real estate collateral were valued in the first quarter of 2013.

• $3.4 million commercial real estate loan to an in-patient facility in western Pennsylvania. This loan was originated in 2008 and placed in nonaccrual status in September 2012. Charge-offs of $2.8 million have been recorded on this loan. The most recent appraisal for the real estate collateral was completed in the fourth quarter of 2012.

• $3.1 million real estate secured loan to a western Pennsylvania nonprofit corporation. This loan was originated in 2008 and placed in nonaccrual status in the second quarter of 2012. The most recent appraisals for the various real estate collateral were completed in the fourth quarter of 2012 and the first quarter of 2013.

The following tables include the recorded investment and unpaid principal balance for impaired loans with the associated allowance amount, if applicable, as of June 30, 2013 and December 31, 2012. Also presented are the average recorded investment in impaired loans and the related amount of interest recognized while the loan was considered impaired. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position.

	June 30, 2013						December 31, 2012
	Recorded investment		Unpaid principal balance		Related allowance		Recorded investment		Unpaid principal balance		Related allowance
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	15,069	$	16,119			$	8,080	$	8,983
Real estate construction	2,474		6,014				8,491		35,555
Residential real estate	9,017		9,640				7,928		8,401
Commercial real estate	24,190		30,962				33,259		35,401
Loans to individuals	257		268				256		256
Subtotal	51,007		63,003				58,014		88,596
With an allowance recorded:
Commercial, financial, agricultural and other	10,707		11,383		6,627		26,532		27,412		10,331
Real estate construction	1,493		1,799		267		2,756		3,087		300
Residential real estate	4,139		4,148		1,943		2,695		2,696		780
Commercial real estate	5,751		6,052		818		17,558		17,896		6,367
Loans to individuals	—		—		—		—		—		—
Subtotal	22,090		23,382		9,655		49,541		51,091		17,778
Total	$	73,097	$	86,385	$	9,655	$	107,555	$	139,687	$	17,778

	For the Six-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,333	$	106	$	10,291	$	21
Real estate construction	6,900		—		7,268		—
Residential real estate	8,732		78		9,219		11
Commercial real estate	27,867		25		26,529		53
Loans to individuals	246		2		—		—
Subtotal	56,078		211		53,307		85
With an allowance recorded:
Commercial, financial, agricultural and other	20,534		31		19,101		6
Real estate construction	2,017		26		6,865		—
Residential real estate	3,117		12		797		14
Commercial real estate	5,760		52		2,028		—
Loans to individuals	—		—		—		—
Subtotal	31,428		121		28,791		20
Total	$	87,506	$	332	$	82,098	$	105

	For the Three-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,853	$	55	$	7,735	$	3
Real estate construction	5,538		—		10,118		—
Residential real estate	9,003		41		15,082		6
Commercial real estate	20,865		13		25,696		19
Loans to individuals	246		1		—		—
Subtotal	48,505		110		58,631		28
With an allowance recorded:
Commercial, financial, agricultural and other	18,486		12		17,441		3
Real estate construction	1,733		14		4,068		—
Residential real estate	3,680		8		644		7
Commercial real estate	5,708		28		1,253		—
Loans to individuals	—		—		—		—
Subtotal	29,607		62		23,406		10
Total	$	78,112	$	172	$	82,037	$	38

Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources.

The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	13,811	$	13,037
Nonaccrual status	17,519		50,979
Total	$	31,330	$	64,016
Commitments
Letters of credit	$	—	$	1,574
Unused lines of credit	1,953		—
Total	$	1,953	$	1,574

At June 30, 2013, troubled debt restructured loans decreased$32.7 million compared to December 31, 2012 and commitments related to troubled debt restructured loans increased$0.4 million for the same period. This decrease in loans is primarily a result of the sale of a $17.2 million loan for a commercial real estate developer in eastern Pennsylvania and the charge-off of $13.1 million related to an unsecured loan to a western Pennsylvania real estate developer.

The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings:

	For the Six-Months Ended June 30, 2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	3	$	526	$	—	$	12	$	538	$	472	$	100
Residential real estate	22	280		326		1,284		1,890		1,801		562
Commercial real estate	1	—		244		—		244		237		—
Loans to individuals	6	—		34		6		40		29		—
Total	32	$	806	$	604	$	1,302	$	2,712	$	2,539	$	662

	For the Six-Months Ended June 30, 2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	4	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction	1	823		—		—		823		815		—
Residential real estate	3	—		97		83		180		133		—
Total	8	$	1,270	$	115	$	6,112	$	7,497	$	7,442	$	2,760

The troubled debt restructurings included in the above tables are also included in the impaired loan tables provided earlier in this note. Loans defined as modified due to a change in rate include loans that were modified for a change in rate as well as a reamortization of the principal and an extension of the maturity. For the six-months endedJune 30, 2013 and 2012, $0.6 million and $0.1 million, respectively, of total rate modifications represent loans with modifications to the rate as well as payment due to reamortization. For both 2013 and 2012 the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments.

	For the Three-Months Ended June 30, 2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	1	$	100	$	—	$	—	$	100	$	100	$	100
Residential real estate	13	273		113		769		1,155		1,132		562
Loans to individuals	2	—		10		3		13		9		—
Total	16	$	373	$	123	$	772	$	1,268	$	1,241	$	662

	For the Three-Months Ended June 30, 2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	4	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction	1	823		—		—		823		815		—
Residential real estate	1	—		—		83		83		82		—
Total	6	$	1,270	$	18	$	6,112	$	7,400	$	7,391	$	2,760

The troubled debt restructurings included in the above tables are also included in the impaired loan tables provided earlier in this note. Loans defined as modified due to a change in rate include loans that were modified for a change in rate as well as a reamortization of the principal and an extension of the maturity. For the three-months endedJune 30, 2013 and 2012, $0.1 million and $18 thousand, respectively, of total rate modifications represent loans with modifications to the rate as well as payment due to reamortization. For both 2013 and 2012 the changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments.

A troubled debt restructuring is considered to be in default when a restructured loan is 90 days or more past due. The following table provides information related to restructured loans that were considered to default during the six-months endedJune 30:

	2013			2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	1	$	9	—	$	—
Loans to individuals	3	9		—	—
Total	4	$	18	—	$	—

The following table provides information related to restructured loans that were considered to default during the three-months endedJune 30:

	2013			2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Loans to individuals	2	$	5	—	$	—

The following tables provide detail related to the allowance for credit losses:

	For the Six-Months Ended June 30, 2013
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	19,852		$	8,928		$	5,908		$	22,441		$	4,132		$	5,926		$	67,187
Charge-offs	(14,221		)	(755		)	(643		)	(9,238		)	(1,755		)	—			(26,612		)
Recoveries	264			59			812			108			337			—			1,580
Provision (credit)	10,680			14			362			2,817			1,428			(4		)	15,297
Ending Balance	$	16,575		$	8,246		$	6,439		$	16,128		$	4,142		$	5,922		$	57,452
Ending balance: individually evaluated for impaired	$	6,627		$	267		$	1,943		$	818		$	—		$	—		$	9,655
Ending balance: collectively evaluated for impaired	9,948			7,979			4,496			15,310			4,142			5,922			47,797
Loans:
Ending balance	1,012,315			66,243			1,269,830			1,280,784			600,580						4,229,752
Ending balance: individually evaluated for impaired	24,592			3,904			10,468			27,862			—						66,826
Ending balance: collectively evaluated for impaired	987,723			62,339			1,259,362			1,252,922			600,580						4,162,926

	For the Six-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,200		$	6,756		$	8,237		$	18,961		$	4,244		$	4,836	$	61,234
Charge-offs	(3,668		)	(340		)	(2,454		)	(541		)	(1,738		)	—		(8,741		)
Recoveries	275			92			282			186			264			—		1,099
Provision (credit)	4,495			1,493			554			(968		)	1,439			1,071		8,084
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676
Ending balance: individually evaluated for impaired	$	8,046		$	2,747		$	431		$	510		$	—		$	—	$	11,734
Ending balance: collectively evaluated for impaired	11,256			5,254			6,188			17,128			4,209			5,907		49,942
Loans:
Ending balance	1,059,675			77,442			1,213,610			1,232,270			576,534					4,159,531
Ending balance: individually evaluated for impaired	31,271			14,915			2,911			31,493			—					80,590
Ending balance: collectively evaluated for impaired	1,028,404			62,527			1,210,699			1,200,777			576,534					4,078,941

	For the Three-Months Ended June 30, 2013
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	20,275		$	7,733		$	5,749		$	18,470		$	4,139		$	5,896	$	62,262
Charge-offs	(13,683		)	(671		)	(321		)	(694		)	(767		)	—		(16,136		)
Recoveries	136			47			89			11			243			—		526
Provision (credit)	9,847			1,137			922			(1,659		)	527			26		10,800
Ending Balance	$	16,575		$	8,246		$	6,439		$	16,128		$	4,142		$	5,922	$	57,452

	For the Three-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,143		$	6,427		$	6,702		$	19,371		$	4,252		$	5,837	$	60,732
Charge-offs	(1,754		)	(150		)	(742		)	(306		)	(797		)	—		(3,749		)
Recoveries	37			36			149			28			146			—		396
Provision (credit)	2,876			1,688			510			(1,455		)	608			70		4,297
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676

Additional discussion related to changes in the allowance for credit losses can be found in Management's Discussion and Analysis of financial results on pages 43 and 49 of this Form 10-Q.

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Impairment of Investment Securities - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Security Bank	Jun. 30, 2012	Jun. 30, 2013 Security Bank		Jun. 30, 2012		Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other than temporary impairment charges recognized		$ 0	$ 0
Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)	(2,841,000)	1,323,000	(4,705,000)		(175,000)
Continuous Unrealized Loss Position, Fair Value	766,003,000		766,003,000				158,949,000
Amortized Cost	1,332,619,000		1,332,619,000				1,169,613,000
Estimated Fair Value	1,306,687,000		1,306,687,000				1,171,303,000
Number of banks and other financial institutions comprising the security	309		309
Number of pooled securities representing senior tranches			1
Number Of Pooled Securities with No Senior Class			4
Amount of pooled issues that remained above investment grade	0		0
Number of securities with no excess subordination	7		7
Number of Securities with Excess Subordination	4		4
Coupon rate			7.00%
Probability of default			100.00%
Projected recovery rate			0.00%
Probability percentage assigned to default bank subject to market indicators			10.00%
Probability percentage assigned to default bank			100.00%
Other than temporary impairment, credit losses recognized in earnings	292,000	(271,000)	575,000	[1]	506,000	[1]
Minimum [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Subordinated tranches range	7.00%		7.00%
Total principal amount of the respective securities	5.00%		5.00%
Excess subordination as a percentage of current performing collateral			10.00%
Probabilities for performing collateral range			0.33%
Excess present value of future cash flows over our current book value			6.00%
Maximum [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Subordinated tranches range	35.00%		35.00%
Excess subordination as a percentage of current performing collateral			51.00%
Probabilities for performing collateral range			75.00%
Excess present value of future cash flows over our current book value			158.00%
Trust preferred collateralized debt obligations [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other than temporary impairment charges recognized	0	0
Percent of unrealized losses	54.00%		54.00%
Percentage of Current Performing Collateral	0.00%		0.00%
Corporate Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	6,698,000		6,698,000				6,703,000
Estimated Fair Value	6,984,000		6,984,000				6,991,000
Pooled Trust Preferred Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other than temporary impairment charges recognized	0	0
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Percent of unrealized losses	46.00%		46.00%
Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Other than temporary impairment charges recognized	0	0
Continuous Unrealized Loss Position, Fair Value	0	0	0		0
Asset Size and Coupon Rate 1 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Collateral issued by financial institutions	15,000,000,000		15,000,000,000
Prepayment rate			100.00%
Coupon rate			7.00%
Asset Size and Coupon Rate 2 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Coupon rate			7.00%
Fair Value Inputs , Prepayment Rate Year One and Two			40.00%
Fair Value Inputs , Prepayment Rate After Year Two			2.00%
Asset Size and Coupon Rate 3 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Prepayment rate			5.00%
Asset Size and Coupon Rate 3 [Member] | Minimum [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Collateral issued by financial institutions	2,000,000,000		2,000,000,000
Asset Size and Coupon Rate 3 [Member] | Maximum [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Collateral issued by financial institutions	15,000,000,000		15,000,000,000
Asset Size and Coupon Rate 4 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Collateral issued by financial institutions	$ 2,000,000,000		$ 2,000,000,000
Prepayment rate			5.00%
Coupon rate			10.00%
Asset Size and Coupon Rate 5 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Prepayment rate			0.00%

[1] Represents the increase in cash flows recognized in interest income during the period.

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Loans and Allowance for Credit Losses - Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 51,007		$ 51,007		$ 58,014
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	63,003		63,003		88,596
Recorded investment	73,097		73,097		107,555
Unpaid principal balance	86,385		86,385		139,687
Related allowance	9,655		9,655		17,778
Impaired Financing Receivable, with Related Allowance, Recorded Investment	22,090		22,090		49,541
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	23,382		23,382		51,091
Average recorded investment	29,607	23,406	31,428	28,791
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	62	10	121	20
Impaired Financing Receivable, Average Recorded Investment	78,112	82,037	87,506	82,098
Interest Income Recognized	172	38	332	105
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	48,505	58,631	56,078	53,307
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	110	28	211	85
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	15,069		15,069		8,080
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	16,119		16,119		8,983
Related allowance	6,627		6,627		10,331
Impaired Financing Receivable, with Related Allowance, Recorded Investment	10,707		10,707		26,532
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	11,383		11,383		27,412
Average recorded investment	18,486	17,441	20,534	19,101
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	12	3	31	6
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	12,853	7,735	12,333	10,291
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	55	3	106	21
Construction Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,474		2,474		8,491
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	6,014		6,014		35,555
Related allowance	267		267		300
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,493		1,493		2,756
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,799		1,799		3,087
Average recorded investment	1,733	4,068	2,017	6,865
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	14	0	26	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	5,538	10,118	6,900	7,268
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0	0	0
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	257		257		256
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	268		268		256
Related allowance	0		0		0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0		0		0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0		0		0
Average recorded investment	0	0	0	0
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	246	0	246	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	1	0	2	0
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	9,017		9,017		7,928
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	9,640		9,640		8,401
Related allowance	1,943		1,943		780
Impaired Financing Receivable, with Related Allowance, Recorded Investment	4,139		4,139		2,695
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	4,148		4,148		2,696
Average recorded investment	3,680	644	3,117	797
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	8	7	12	14
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	9,003	15,082	8,732	9,219
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	41	6	78	11
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	24,190		24,190		33,259
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	30,962		30,962		35,401
Related allowance	818		818		6,367
Impaired Financing Receivable, with Related Allowance, Recorded Investment	5,751		5,751		17,558
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	6,052		6,052		17,896
Average recorded investment	5,708	1,253	5,760	2,028
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	28	0	52	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	20,865	25,696	27,867	26,529
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	$ 13	$ 19	$ 25	$ 53

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Earnings per Share - Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	40,210	329,866
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	92,059	96,113
Minimum [Member] | Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 9.59	$ 6.36
Minimum [Member] | Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 5.96	$ 5.96
Maximum [Member] | Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 14.55	$ 14.55
Maximum [Member] | Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 7.35	$ 6.82

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Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Schedule of Maximum Potential Exposure

First Commonwealth’s maximum potential exposure is equal to its carrying value and is summarized in the table below:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Low Income Housing Limited Partnership Investments	$	272	$	347

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Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted Earnings Per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
Weighted average common shares issued	105,563,455		105,563,455		105,563,455		105,563,455
Average treasury shares	(7,823,276	)	(410,247	)	(6,968,649	)	(476,286	)
Averaged unearned ESOP shares	—		(50,170	)	—		(67,580	)
Average unearned nonvested shares	(175,480	)	(208,777	)	(172,850	)	(167,095	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,564,699		104,894,261		98,421,956		104,852,494
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	12,311		6,978		7,267		3,049
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	97,577,010		104,901,239		98,429,223		104,855,543

Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the six-months endedJune 30 because to do so would have been antidilutive.

	2013					2012
		Price Range					Price Range
	Shares	From		To		Shares	From		To
Stock Options	40,210	$	9.59	$	14.55	329,866	$	6.36	$	14.55
Restricted Stock	92,059	5.96		7.35		96,113	5.96		6.82

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Investment Securities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities pledged as collateral	$ 645.6	$ 631.0

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Supplemental Comprehensive Income Disclosures (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Supplemental Comprehensive Income Disclosures [Abstract]
Unrealized holding gains on securities arising during the period	$ (28,071)	$ 998	$ (32,346)	$ 1,097
Non-credit related gains (losses) on securities not expected to be sold	2,841	(1,323)	4,705	175
Reclassification adjustment for gains on securities included in net income	(4)	0	(8)	0
Total available for sale securities	(25,234)	(325)	(27,649)	1,272
Total other comprehensive income	(25,234)	(325)	(27,649)	1,272
Unrealized holding gains on securities arising during the period	9,817	(344)	11,312	(378)
Non-credit related gains (losses) on securities not expected to be sold	(995)	463	(1,647)	(61)
Reclassification adjustment for gains on securities included in net income	2	0	3	0
Total available for sale securities	8,824	119	9,668	(439)
Total other comprehensive income	8,824	119	9,668	(439)
Unrealized holding gains on securities arising during the period	(18,254)	654	(21,034)	719
Non-credit related gains (losses) on securities not expected to be sold	1,846	(860)	3,058	114
Reclassification adjustment for gains on securities included in net income	(2)	0	(5)	0
Total available for sale securities	(16,410)	(206)	(17,981)	833
Other comprehensive income (loss)	$ (16,410)	$ (206)	$ (17,981)	$ 833

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Commitments and Contingent Liabilities - Notional Amount of Outstanding Commitments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Commitments to extend credit [Member]
Loss Contingencies [Line Items]
Financial instrument of credit risk	$ 1,542,449	$ 1,506,618
Financial standby letters of credit [Member]
Loss Contingencies [Line Items]
Financial instrument of credit risk	40,677	47,185
Performance standby letters of credit [Member]
Loss Contingencies [Line Items]
Financial instrument of credit risk	44,389	69,240
Commercial letters of credit [Member]
Loss Contingencies [Line Items]
Financial instrument of credit risk	$ 0	$ 685

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Impairment of Investment Securities - Schedule of Unrealized Losses and Estimated Fair Values (Detail) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	$ 744,297,000		$ 135,599,000
Gross Unrealized Losses Less Than 12 Months	(20,700,000)		(464,000)
Estimated Fair Value, 12 Months or More	21,706,000		23,350,000
Gross Unrealized Losses 12 Months or More	(24,061,000)		(28,496,000)
Total Estimated Fair Value	766,003,000		158,949,000
Total Gross Unrealized Losses	44,761,000		28,960,000
Corporate Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	4,798,000
Gross Unrealized Losses Less Than 12 Months	(26,000)
Estimated Fair Value, 12 Months or More	0
Gross Unrealized Losses 12 Months or More	0
Total Estimated Fair Value	4,798,000
Total Gross Unrealized Losses	26,000
Pooled Trust Preferred Collateralized Debt Obligations [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	33,000		0
Gross Unrealized Losses Less Than 12 Months	(23,000)		0
Estimated Fair Value, 12 Months or More	21,706,000		23,316,000
Gross Unrealized Losses 12 Months or More	(24,061,000)		(28,496,000)
Total Estimated Fair Value	21,739,000		23,316,000
Total Gross Unrealized Losses	24,084,000		28,496,000
Obligations of U.S. Government Agencies [Member] | Mortgage Backed Securities - Residential [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	2,096,000		0
Gross Unrealized Losses Less Than 12 Months	(27,000)		0
Estimated Fair Value, 12 Months or More	0		13,000
Gross Unrealized Losses 12 Months or More	0	[1]	0	[2]
Total Estimated Fair Value	2,096,000		13,000
Total Gross Unrealized Losses	27,000		0
US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities - Residential [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	550,385,000		76,296,000
Gross Unrealized Losses Less Than 12 Months	(17,643,000)		(392,000)
Estimated Fair Value, 12 Months or More	0		21,000
Gross Unrealized Losses 12 Months or More	0	[1]	0	[2]
Total Estimated Fair Value	550,385,000		76,317,000
Total Gross Unrealized Losses	17,643,000		392,000
US Government-sponsored Enterprises Debt Securities [Member] | Other Government Sponsored Enterprises [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Estimated Fair Value, Less Than 12 Months	186,985,000		59,303,000
Gross Unrealized Losses Less Than 12 Months	(2,981,000)		(72,000)
Estimated Fair Value, 12 Months or More	0		0
Gross Unrealized Losses 12 Months or More	0		0
Total Estimated Fair Value	186,985,000		59,303,000
Total Gross Unrealized Losses	$ 2,981,000		$ 72,000

[1]

[2] Gross unrealized losses related to these types of securities are less than $1 thousand.

XML

Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2013

Loans and Leases Receivable Disclosure [Abstract]

Outstanding Balances of Loan

The following table provides outstanding balances related to each of our loan types:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,012,315	$	1,019,822
Real estate construction	66,243		87,438
Residential real estate	1,269,830		1,241,565
Commercial real estate	1,280,784		1,273,661
Loans to individuals	600,580		582,218
Total loans and leases net of unearned income	$	4,229,752	$	4,204,704

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:

	June 30, 2013
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	933,092	$	52,706	$	1,253,021	$	1,166,928	$	600,411	$	4,006,158
Non-Pass
OAEM	35,231		1,030		4,280		71,017		2		111,560
Substandard	43,992		12,507		12,529		42,839		167		112,034
Doubtful	—		—		—		—		—		—
Total Non-Pass	79,223		13,537		16,809		113,856		169		223,594
Total	$	1,012,315	$	66,243	$	1,269,830	$	1,280,784	$	600,580	$	4,229,752

	December 31, 2012
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	925,868	$	64,353	$	1,224,849	$	1,119,093	$	582,039	$	3,916,202
Non-Pass
OAEM	31,049		925		5,647		82,581		3		120,205
Substandard	62,905		18,638		11,069		71,987		176		164,775
Doubtful	—		3,522		—		—		—		3,522
Total Non-Pass	93,954		23,085		16,716		154,568		179		288,502
Total	$	1,019,822	$	87,438	$	1,241,565	$	1,273,661	$	582,218	$	4,204,704

Age Analysis of Past Due Loans by Segment

The following tables delineate the aging analysis of the recorded investments in past due loans as of June 30, 2013 and December 31, 2012. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.

	June 30, 2013
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	814	$	34	$	289	$	20,170	$	21,307	$	991,008	$	1,012,315
Real estate construction	—		—		—		3,073		3,073		63,170		66,243
Residential real estate	5,058		1,028		1,182		10,719		17,987		1,251,843		1,269,830
Commercial real estate	3,116		48		—		25,136		28,300		1,252,484		1,280,784
Loans to individuals	2,639		1,026		1,177		188		5,030		595,550		600,580
Total	$	11,627	$	2,136	$	2,648	$	59,286	$	75,697	$	4,154,055	$	4,229,752

	December 31, 2012
	30 - 59 days past due		60 - 89 days past due		90 days and greater and still accruing		Nonaccrual		Total past due and nonaccrual		Current		Total
	(dollars in thousands)
Commercial, financial, agricultural and other	$	991	$	620	$	288	$	29,258	$	31,157	$	988,665	$	1,019,822
Real estate construction	2		19		15		9,778		9,814		77,624		87,438
Residential real estate	6,597		2,357		730		9,283		18,967		1,222,598		1,241,565
Commercial real estate	3,339		1,389		195		46,023		50,946		1,222,715		1,273,661
Loans to individuals	3,140		934		1,219		176		5,469		576,749		582,218
Total	$	14,069	$	5,319	$	2,447	$	94,518	$	116,353	$	4,088,351	$	4,204,704

Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance

The following tables include the recorded investment and unpaid principal balance for impaired loans with the associated allowance amount, if applicable, as of June 30, 2013 and December 31, 2012. Also presented are the average recorded investment in impaired loans and the related amount of interest recognized while the loan was considered impaired. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position.

	June 30, 2013						December 31, 2012
	Recorded investment		Unpaid principal balance		Related allowance		Recorded investment		Unpaid principal balance		Related allowance
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	15,069	$	16,119			$	8,080	$	8,983
Real estate construction	2,474		6,014				8,491		35,555
Residential real estate	9,017		9,640				7,928		8,401
Commercial real estate	24,190		30,962				33,259		35,401
Loans to individuals	257		268				256		256
Subtotal	51,007		63,003				58,014		88,596
With an allowance recorded:
Commercial, financial, agricultural and other	10,707		11,383		6,627		26,532		27,412		10,331
Real estate construction	1,493		1,799		267		2,756		3,087		300
Residential real estate	4,139		4,148		1,943		2,695		2,696		780
Commercial real estate	5,751		6,052		818		17,558		17,896		6,367
Loans to individuals	—		—		—		—		—		—
Subtotal	22,090		23,382		9,655		49,541		51,091		17,778
Total	$	73,097	$	86,385	$	9,655	$	107,555	$	139,687	$	17,778

	For the Six-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,333	$	106	$	10,291	$	21
Real estate construction	6,900		—		7,268		—
Residential real estate	8,732		78		9,219		11
Commercial real estate	27,867		25		26,529		53
Loans to individuals	246		2		—		—
Subtotal	56,078		211		53,307		85
With an allowance recorded:
Commercial, financial, agricultural and other	20,534		31		19,101		6
Real estate construction	2,017		26		6,865		—
Residential real estate	3,117		12		797		14
Commercial real estate	5,760		52		2,028		—
Loans to individuals	—		—		—		—
Subtotal	31,428		121		28,791		20
Total	$	87,506	$	332	$	82,098	$	105

	For the Three-Months Ended June 30
	2013				2012
	Average recorded investment		Interest Income Recognized		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	12,853	$	55	$	7,735	$	3
Real estate construction	5,538		—		10,118		—
Residential real estate	9,003		41		15,082		6
Commercial real estate	20,865		13		25,696		19
Loans to individuals	246		1		—		—
Subtotal	48,505		110		58,631		28
With an allowance recorded:
Commercial, financial, agricultural and other	18,486		12		17,441		3
Real estate construction	1,733		14		4,068		—
Residential real estate	3,680		8		644		7
Commercial real estate	5,708		28		1,253		—
Loans to individuals	—		—		—		—
Subtotal	29,607		62		23,406		10
Total	$	78,112	$	172	$	82,037	$	38

Troubled Debt Restructured Loans and Commitments

The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	13,811	$	13,037
Nonaccrual status	17,519		50,979
Total	$	31,330	$	64,016
Commitments
Letters of credit	$	—	$	1,574
Unused lines of credit	1,953		—
Total	$	1,953	$	1,574

Troubled Debt Restructurings is 90 days or more past due

The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings:

	For the Six-Months Ended June 30, 2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	3	$	526	$	—	$	12	$	538	$	472	$	100
Residential real estate	22	280		326		1,284		1,890		1,801		562
Commercial real estate	1	—		244		—		244		237		—
Loans to individuals	6	—		34		6		40		29		—
Total	32	$	806	$	604	$	1,302	$	2,712	$	2,539	$	662

	For the Six-Months Ended June 30, 2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	4	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction	1	823		—		—		823		815		—
Residential real estate	3	—		97		83		180		133		—
Total	8	$	1,270	$	115	$	6,112	$	7,497	$	7,442	$	2,760

Troubled Debt Restructuring Identified During Period

The following table provides information related to restructured loans that were considered to default during the six-months endedJune 30:

	2013			2012
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	1	$	9	—	$	—
Loans to individuals	3	9		—	—
Total	4	$	18	—	$	—

Allowance for Credit Losses

The following tables provide detail related to the allowance for credit losses:

	For the Six-Months Ended June 30, 2013
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	19,852		$	8,928		$	5,908		$	22,441		$	4,132		$	5,926		$	67,187
Charge-offs	(14,221		)	(755		)	(643		)	(9,238		)	(1,755		)	—			(26,612		)
Recoveries	264			59			812			108			337			—			1,580
Provision (credit)	10,680			14			362			2,817			1,428			(4		)	15,297
Ending Balance	$	16,575		$	8,246		$	6,439		$	16,128		$	4,142		$	5,922		$	57,452
Ending balance: individually evaluated for impaired	$	6,627		$	267		$	1,943		$	818		$	—		$	—		$	9,655
Ending balance: collectively evaluated for impaired	9,948			7,979			4,496			15,310			4,142			5,922			47,797
Loans:
Ending balance	1,012,315			66,243			1,269,830			1,280,784			600,580						4,229,752
Ending balance: individually evaluated for impaired	24,592			3,904			10,468			27,862			—						66,826
Ending balance: collectively evaluated for impaired	987,723			62,339			1,259,362			1,252,922			600,580						4,162,926

	For the Six-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,200		$	6,756		$	8,237		$	18,961		$	4,244		$	4,836	$	61,234
Charge-offs	(3,668		)	(340		)	(2,454		)	(541		)	(1,738		)	—		(8,741		)
Recoveries	275			92			282			186			264			—		1,099
Provision (credit)	4,495			1,493			554			(968		)	1,439			1,071		8,084
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676
Ending balance: individually evaluated for impaired	$	8,046		$	2,747		$	431		$	510		$	—		$	—	$	11,734
Ending balance: collectively evaluated for impaired	11,256			5,254			6,188			17,128			4,209			5,907		49,942
Loans:
Ending balance	1,059,675			77,442			1,213,610			1,232,270			576,534					4,159,531
Ending balance: individually evaluated for impaired	31,271			14,915			2,911			31,493			—					80,590
Ending balance: collectively evaluated for impaired	1,028,404			62,527			1,210,699			1,200,777			576,534					4,078,941

XML

Fair Values of Assets and Liabilities - Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 25,932	$ 34,004	$ 24,793	$ 37,812
Total gains or losses included in earnings	257	1,102	383	2,409
Total gains or losses included in other comprehensive income	3,292	(688)	5,683	1,580
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	3,779	9,172	(20,518)	(15,981)
Settlements	1,935	2,034	(3,187)	(3,069)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Balance, end of period	27,289	23,212	27,289	23,212
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	3,522		20,135	461
Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	24,512	24,508	23,373	22,980
Total gains or losses included in earnings	0	0	0	0
Total gains or losses included in other comprehensive income	3,292	(688)	5,683	1,580
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	1,935	2,028	(3,187)	(2,768)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Balance, end of period	25,869	21,792	25,869	21,792
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0	0
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	1,420	1,420	1,420	1,420
Total gains or losses included in earnings	0	0	0	0
Total gains or losses included in other comprehensive income	0	0	0	0
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Balance, end of period	1,420	1,420	1,420	1,420
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0	0
Loans Held For Sale [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	0	8,076	0	13,412
Total gains or losses included in earnings	257	1,102	383	2,870
Total gains or losses included in other comprehensive income	0	0	0	0
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	3,779	9,172	(20,518)	(15,981)
Settlements	0	6	0	(301)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Balance, end of period	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	3,522		20,135	0
Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	0	0	0	0
Total gains or losses included in earnings	0	0	0	(461)
Total gains or losses included in other comprehensive income	0	0	0	0
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Balance, end of period	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	$ 0		$ 0	$ 461

XML

Goodwill - Additional Information (Detail) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Goodwill Disclosure [Abstract]
Goodwill	$ 159,956,000	$ 159,956,000
Impairment charges on goodwill	$ 0	$ 0

XML

Fair Values of Assets and Liabilities - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013		Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 1,306,687		$ 1,171,303
Other investments	33,913		28,228
Loans Held for Sale	0		0
Other Assets			16,480
Total Assets			1,216,011
Other Liabilities			18,726	[1]
Total Liabilities			18,726
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1,420
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	688		555
Other investments	0		0
Loans Held for Sale	0		0
Other Assets	0		0
Total Assets	688		555
Other Liabilities	0	[1]	0	[1]
Total Liabilities	0		0
Level 1 [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	688		555
Level 1 [Member] | US Government Agencies Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Other Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | Corporate securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 1 [Member] | Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,278,710		1,145,955
Other investments	33,913		28,228
Loans Held for Sale	0		0
Other Assets	14,121		16,480
Total Assets	1,326,744		1,190,663
Other Liabilities	14,363	[1]	18,726	[1]
Total Liabilities	14,363		18,726
Level 2 [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,278,710		1,145,955
Level 2 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 2 [Member] | US Government Agencies Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	28,036		31,664
Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	978,185		864,401
Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	126		149
Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Other Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	265,296		242,664
Level 2 [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	83		86
Level 2 [Member] | Corporate securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	6,984		6,991
Level 2 [Member] | Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	27,289		24,793
Other investments	0		0
Loans Held for Sale	0		0
Other Assets	0		0
Total Assets	27,289		24,793
Other Liabilities	0	[1]	0	[1]
Total Liabilities	0		0
Level 3 [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	25,869		23,373
Level 3 [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,420		1,420
Level 3 [Member] | US Government Agencies Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Other Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | Corporate securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Level 3 [Member] | Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	25,869		23,373
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,306,687
Other investments	33,913
Other Assets	14,121
Total Assets	1,354,721
Other Liabilities	14,363	[1]
Total Liabilities	14,363
Estimate of Fair Value, Fair Value Disclosure [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,304,579		1,169,328
Estimate of Fair Value, Fair Value Disclosure [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	2,108		1,975
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government Agencies Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	28,036		31,664
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	978,185		864,401
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Mortgage Backed Securities Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	126		149
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Other Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	265,296		242,664
Estimate of Fair Value, Fair Value Disclosure [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	83		86
Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	6,984		6,991
Estimate of Fair Value, Fair Value Disclosure [Member] | Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 25,869		$ 23,373

[1] Non-hedging interest rate derivatives

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Investment Securities - Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Mortgage Backed Securities [Member]		Jun. 30, 2012 Mortgage Backed Securities [Member]		Jun. 30, 2013 Obligations of U.S. Government Agencies [Member]	Jun. 30, 2013 US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Due within one year, Amortized Cost	$ 28,081
Due after one but within five years, Amortized Cost	239,966
Due after five but within ten years, Amortized Cost	0
Due after ten years, Amortized Cost	56,229
Debt securities gross, Amortized Cost	324,276
Corporate/Mortgage-Backed Securities, Amortized cost	1,332,619	1,169,613	1,006,523	[1]	1,006,347	[1]	25,100	981,400
Debt Securities, Amortized Cost	1,330,799
Due within one year, Estimated Fair Value	28,265
Due after one but within five years, Estimated Fair Value	237,114
Due after five but within ten years, Estimated Fair Value	0
Due after ten years, Estimated Fair Value	32,853
Debt securities gross, Estimated Fair Value	298,232
Total Debt Securities, Estimated Fair Value	$ 1,304,579

[1] Mortgage Backed Securities include an amortized cost of $25.1 million and a fair value of $28.0 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $981.4 million and a fair value of $978.3 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac.

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Derivatives - Additional Information (Detail)	Jun. 30, 2013 Derivatives
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Number of interest rate swaps	12

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Supplemental Cash Flow Disclosures (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Cash Flow Disclosures

The following table presents information related to cash paid during the period for interest and income taxes as well as detail on non-cash investing and financing activities for the six-months endedJune 30:

	2013			2012
	(dollars in thousands)
Cash paid during the period for:
Interest	$	12,990		$	17,278
Income taxes	2,200			5,700
Non-cash investing and financing activities:
ESOP loan reductions	$	—		$	1,000
Loans transferred to other real estate owned and repossessed assets	7,371			3,227
Loans transferred from held to maturity to held for sale	20,135			—
Gross (decrease) increase in market value adjustment to securities available for sale	(27,625		)	1,254
Unsettled treasury stock repurchases	—			1,233

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Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), net [Member]	Treasury Stock [Member]	Unearned ESOP Shares [Member]
Beginning balance at Dec. 31, 2011	$ 758,543	$ 105,563	$ 365,868	$ 294,056	$ 2,001	$ (7,345)	$ (1,600)
Beginning balance, shares at Dec. 31, 2011		104,916,994
Net Income	23,372			23,372
Other comprehensive income (loss)	833				833
ESOP market value adjustment ($477, net of $167 tax benefit)	(310)		(310)
Discount on dividend reinvestment plan purchases	(42)		(42)
Tax benefit of stock options exercised	1		1
Treasury stock acquired	(3,045)					(3,045)
Treasury stock acquired, shares		(469,700)
Treasury stock reissued	354			(296)		650
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		224,000
Treasury stock reissued, shares		57,552
Restricted stock	186		24	(1,264)		1,426
Dividends, Common Stock, Cash	8,402			8,402
Amortization of ESOP Award	1,000						1,000
Ending balance at Jun. 30, 2012	772,490	105,563	365,541	307,466	2,834	(8,314)	(600)
Ending balance, shares at Jun. 30, 2012		104,728,846
Beginning balance at Dec. 31, 2012	746,007	105,563	365,354	315,608	1,259	(41,777)	0
Beginning balance, shares at Dec. 31, 2012	99,629,494	99,629,494
Net Income	16,369			16,369
Other comprehensive income (loss)	(17,981)				(17,981)
Discount on dividend reinvestment plan purchases	(55)		(55)
Tax benefit of stock options exercised	0
Treasury stock acquired	(23,247)					(23,247)
Treasury stock acquired, shares		(3,267,692)
Treasury stock reissued	176			0		176
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		55,000
Treasury stock reissued, shares		25,359
Restricted stock	248		53	0		195
Dividends, Common Stock, Cash	10,842			10,842
Ending balance at Jun. 30, 2013	$ 710,675	$ 105,563	$ 365,352	$ 321,135	$ (16,722)	$ (64,653)	$ 0
Ending balance, shares at Jun. 30, 2013	96,442,161	96,442,161

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating Activities
Net Income	$ 16,369	$ 23,372
Adjustment to reconcile net income to net cash provided by operating activities:
Provision for credit losses	15,297	8,084
Deferred tax expense	3,848	1,934
Depreciation and amortization	4,736	3,800
Net losses (gains) on securities and other assets	418	(522)
Net amortization of premiums and discounts on securities	1,162	717
Net amortization of premiums and discounts on long term debt	(58)	(56)
Income from increase in cash surrender value of bank owned life insurance	(2,860)	(2,904)
Decrease in interest receivable	606	1,031
Decrease in interest payable	(1,284)	(951)
(Decrease) increase in income taxes payable	(250)	7,042
Increase (Decrease) in Prepaid Expense	9,205	2,328
Other-net	(3,497)	(6,273)
Net cash provided by operating activities	43,692	37,602
Transactions with securities available for sale:
Proceeds from sales	42	0
Proceeds from maturities and redemptions	195,806	276,167
Purchases	(360,010)	(292,056)
Purchases of FHLB stock	(10,670)	0
Proceeds from the redemption of FHLB stock	4,984	3,880
Proceeds from bank owned life insurance	1,439	1,408
Proceeds from sale of loans	20,348	15,981
Proceeds from sales of other assets	2,853	10,971
Net increase in loans	(77,496)	(125,567)
Purchases of premises and equipment	(3,106)	(4,022)
Net cash used in investing activities	(225,810)	(113,238)
Financing Activities
Net decrease in federal funds purchased	(24,000)	(26,300)
Net increase in other short-term borrowings	109,621	187,787
Net increase (decrease) in deposits	175,186	(42,692)
Repayments of other long-term debt	(29,797)	(25,238)
Repayments of subordinated debentures	(34,702)	0
Discount on dividend reinvestment plan purchases	(55)	(42)
Dividends paid	(10,842)	(8,402)
Proceeds from reissuance of treasury stock	176	354
Purchase of treasury stock	(24,469)	(1,812)
Tax benefit of stock options exercised	0	1
Net cash provided by financing activities	161,118	83,656
Net (decrease) increase in cash and cash equivalents	(21,000)	8,020
Cash and cash equivalents at January 1	102,982	78,478
June 30, 2013	$ 81,982	$ 86,498

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Supplemental Cash Flow Disclosures

6 Months Ended

Jun. 30, 2013

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Disclosures

Supplemental Cash Flow Disclosures

The following table presents information related to cash paid during the period for interest and income taxes as well as detail on non-cash investing and financing activities for the six-months endedJune 30:

	2013			2012
	(dollars in thousands)
Cash paid during the period for:
Interest	$	12,990		$	17,278
Income taxes	2,200			5,700
Non-cash investing and financing activities:
ESOP loan reductions	$	—		$	1,000
Loans transferred to other real estate owned and repossessed assets	7,371			3,227
Loans transferred from held to maturity to held for sale	20,135			—
Gross (decrease) increase in market value adjustment to securities available for sale	(27,625		)	1,254
Unsettled treasury stock repurchases	—			1,233

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accounting and reporting policies of First Commonwealth Financial Corporation and its subsidiaries (“First Commonwealth” or “Company”) conform with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported in the financial statements and accompanying notes. Actual realized amounts could differ from those estimates. In the opinion of management, the unaudited interim condensed consolidated financial statements include all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of First Commonwealth’s financial position, results of operations, cash flows and changes in shareholders’ equity as of and for the periods presented.

The results of operations for the six-months endedJune 30, 2013 are not necessarily indicative of the results that may be expected for the full year of 2013. These interim financial statements should be read in conjunction with First Commonwealth’s 2012 Annual Report on Form 10-K which is available on First Commonwealth’s website at http://www.fcbanking.com.

For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold and interest-bearing bank deposits. Generally, federal funds are sold for one-day periods.

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Commitments and Contingent Liabilities - Additional Information (Detail) (USD $)					6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Unused commitments and letters of credit [Member]	Dec. 31, 2012 Unused commitments and letters of credit [Member]	Jun. 30, 2013 Pending Litigation [Member] Accountsholder	Jun. 30, 2013 Pending Litigation [Member] IRA Market Rate Savings Account [Member]	Jun. 30, 2013 Pending Litigation [Member] IRA Market Rate Savings Account [Member] Minimum [Member]	Jun. 30, 2013 Other Matters [Member]	Jun. 30, 2013 Other Matters [Member] Minimum [Member] customer	Jun. 30, 2013 Other Matters [Member] Maximum [Member] customer
Loss Contingencies [Line Items]
Specified Average Age Of Account Holders					64 years
Notional amount of financial standby letters of credit	$ 46,000
Notional amount of performance standby letters of credit	500,000
Notional amount of commercial letters of credit	0
Financial instrument of credit risk	100,000	200,000
Unfunded commitment liability			2,300,000	2,400,000
Percentage of interest rate on deposits						3.50%	8.00%
Number of account holders of specified average age					237
Savings deposits					11,500,000
Number of customers affected (in customers)									700	900
Contingency reserve								$ 800,000

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Commitments and Contingent Liabilities (Tables)

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Notional Amount of Outstanding Commitments

The following table identifies the notional amount of those instruments at:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	1,542,449	$	1,506,618
Financial standby letters of credit	40,677		47,185
Performance standby letters of credit	44,389		69,240
Commercial letters of credit	—		685

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Fair Values of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Inputs, Assets, Quantitative Information

In accordance with ASU 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements.

	Fair Value (dollars in thousands)	Valuation Technique	Unobservable Inputs	Range / (weighted average)
Pooled Trust Preferred Securities	$25,869	Discounted Cash Flow	Probability of default	0% - 100% (19.32%)
			Prepayment rates	0% - 100% (7.48%)
			Discount rates	6% - 16% (a)
Equities	1,420	Par Value	N/A	N/A
Interest Rate Swap	—	Option model	Counterparty credit risk	6.80% - 9.12% (b)
Impaired Loans	715 (c)	Reserve study	Discount rate	10.00%
			Gas per MCF	$3.67 - $7.60 (d)
			Oil per BBL/d	$90.97 - $106.00 (d)
			NGL per gallon	$1.54 (d)
Other Real Estate Owned	187	Internal Valuation	N/A	N/A

(a) incorporates spread over risk free rate related primarily to credit quality and illiquidity of securities.

(b) represents the range of the credit spread curve used in valuation.

(c) the remainder of impaired loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.

(d) unobservable inputs are defined as follows: MCF - million cubic feet; BBL/d - barrels per day; NGL - natural gas liquid.

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	28,036	$	—	$	28,036
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		978,185		—		978,185
Mortgage-Backed Securities - Commercial	—		126		—		126
Other Government-Sponsored Enterprises	—		265,296		—		265,296
Obligations of States and Political Subdivisions	—		83		—		83
Corporate Securities	—		6,984		—		6,984
Pooled Trust Preferred Collateralized Debt Obligations	—		—		25,869		25,869
Total Debt Securities	—		1,278,710		25,869		1,304,579
Equities	688		—		1,420		2,108
Total Securities Available for Sale	688		1,278,710		27,289		1,306,687
Other Investments	—		33,913		—		33,913
Loans held for sale	—		—		—		—
Other Assets(a)	—		14,121		—		14,121
Total Assets	$	688	$	1,326,744	$	27,289	$	1,354,721
Other Liabilities(a)	$	—	$	14,363	$	—	$	14,363
Total Liabilities	$	—	$	14,363	$	—	$	14,363

(a) Non-hedging interest rate derivatives

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	31,664	$	—	$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		864,401		—		864,401
Mortgage-Backed Securities - Commercial	—		149		—		149
Other Government-Sponsored Enterprises	—		242,664		—		242,664
Obligations of States and Political Subdivisions	—		86		—		86
Corporate Securities	—		6,991		—		6,991
Pooled Trust Preferred Collateralized Debt Obligations	—		—		23,373		23,373
Total Debt Securities	—		1,145,955		23,373		1,169,328
Equities	555		—		1,420		1,975
Total Securities Available for Sale	555		1,145,955		24,793		1,171,303
Other Investments	—		28,228		—		28,228
Loans Held for Sale	—		—		—		—
Other Assets(a)	—		16,480		—		16,480
Total Assets	$	555	$	1,190,663	$	24,793	$	1,216,011
Other Liabilities(a)	$	—	$	18,726	$	—	$	18,726
Total Liabilities	$	—	$	18,726	$	—	$	18,726

(a) Non-hedging interest rate derivatives

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

For the six-months endedJune 30 changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	2013
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	23,373		$	1,420	$	—		$	—	$	24,793
Total gains or losses
Included in earnings	—			—		383			—		383
Included in other comprehensive income	5,683			—		—			—		5,683
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(20,518		)	—		(20,518		)
Settlements	(3,187		)	—		—			—		(3,187		)
Transfers into Level 3	—			—		20,135			—		20,135
Balance, end of period	$	25,869		$	1,420	$	—		$	—	$	27,289

	2012
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets			Total
	(dollars in thousands)
Balance, beginning of period	$	22,980		$	1,420	$	13,412		$	—		$	37,812
Total gains or losses
Included in earnings	—			—		2,870			(461		)	2,409
Included in other comprehensive income	1,580			—		—			—			1,580
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—			—
Issuances	—			—		—			—			—
Sales	—			—		(15,981		)	—			(15,981		)
Settlements	(2,768		)	—		(301		)	—			(3,069		)
Transfers into Level 3	—			—		—			461			461
Balance, end of period	$	21,792		$	1,420	$	—		$	—		$	23,212

Schedule of Assets Measured on Non-Recurring Basis

The tables below present the balances of assets measured at fair value on a non-recurring basis at:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	55,903	$	7,540	$	63,443
Other real estate owned	—		17,116		187		17,303
Total Assets	$	—	$	73,019	$	7,727	$	80,746

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	82,949	$	6,827	$	89,776
Other real estate owned	—		11,981		247		12,228
Total Assets	$	—	$	94,930	$	7,074	$	102,004

Losses Realized on Assets Measured on Non-Recurring Basis

The following losses were realized on the assets measured on a nonrecurring basis:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Impaired loans	$	(10,806	)	$	(3,086	)	$	(11,086	)	$	(3,742	)
Other real estate owned	(241		)	(163		)	(362		)	(3,017		)
Total losses	$	(11,047	)	$	(3,249	)	$	(11,448	)	$	(6,759	)

Carrying Amounts and Fair Values of Financial Instruments

The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:

	June 30, 2013
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	77,485	$	77,485	$	77,485	$	—	$	—
Interest-bearing deposits	4,497		4,497		4,497		—		—
Securities available for sale	1,306,687		1,306,687		688		1,278,710		27,289
Other investments	33,913		33,913		—		33,913		—
Loans	4,229,752		4,276,416		—		55,903		4,220,513
Financial liabilities
Deposits	4,733,047		4,664,831		—		4,664,831		—
Short-term borrowings	441,848		441,838		—		441,838		—
Long-term debt	144,615		145,721		—		145,721		—
Subordinated debt	72,167		47,833		—		—		47,833

	December 31, 2012
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	98,724	$	98,724	$	98,724	$	—	$	—
Interest-bearing deposits	4,258		4,258		4,258		—		—
Securities available for sale	1,171,303		1,171,303		555		1,145,955		24,793
Other investments	28,228		28,228		—		28,228		—
Loans	4,204,704		4,245,114		—		82,949		4,162,165
Financial liabilities
Deposits	4,557,881		4,493,764		—		4,493,764		—
Short-term borrowings	356,227		356,221		—		356,221		—
Long-term debt	174,471		176,178		—		176,178		—
Subordinated debt	105,750		76,735		—		—		76,735

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Derivatives - Schedule of Changes in Fair Value of Derivative Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 78	$ 144	$ 1,067	$ 750

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Earnings per Share - Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted Earnings Per Share (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Earnings Per Share [Abstract]
Weighted Average Number of Shares Issued, Basic	105,563,455	105,563,455	105,563,455	105,563,455
Average treasury shares (in shares)	(7,823,276)	(410,247)	(6,968,649)	(476,286)
Averaged unearned ESOP shares (in shares)	0	(50,170)	0	(67,580)
Weighted Average Number of Shares, Restricted Stock	(175,480)	(208,777)	(172,850)	(167,095)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share (in shares)	97,564,699	104,894,261	98,421,956	104,852,494
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	12,311	6,978	7,267	3,049
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share (in shares)	97,577,010	104,901,239	98,429,223	104,855,543

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Derivatives - Credit Value Adjustment Recorded Related to Notional Amount of Derivatives Outstanding (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Derivative [Line Items]
Derivative, Fair Value, Net	$ 284	$ 2,207
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	279,920	223,448
Credit Default Swap, Buying Protection [Member]
Derivative [Line Items]
Derivative, Notional Amount	79,411	71,390
Credit Default Swap, Selling Protection [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ (19,383)	$ 0

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Loans and Allowance for Credit Losses - Credit Risk Profile by Creditworthiness (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 4,229,752	$ 4,204,704	$ 4,159,531
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,006,158	3,916,202
OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	111,560	120,205
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	112,034	164,775
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	3,522
Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	223,594	288,502
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,012,315	1,019,822
Commercial Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	933,092	925,868
Commercial Loan [Member] | OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	35,231	31,049
Commercial Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	43,992	62,905
Commercial Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Commercial Loan [Member] | Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	79,223	93,954
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	66,243	87,438
Construction Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	52,706	64,353
Construction Loans [Member] | OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,030	925
Construction Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	12,507	18,638
Construction Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	3,522
Construction Loans [Member] | Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	13,537	23,085
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,269,830	1,241,565
Residential Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,253,021	1,224,849
Residential Portfolio Segment [Member] | OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,280	5,647
Residential Portfolio Segment [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	12,529	11,069
Residential Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Residential Portfolio Segment [Member] | Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	16,809	16,716
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,280,784	1,273,661
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,166,928	1,119,093
Commercial Real Estate Portfolio Segment [Member] | OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	71,017	82,581
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	42,839	71,987
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Commercial Real Estate Portfolio Segment [Member] | Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	113,856	154,568
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	600,580	582,218
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	600,411	582,039
Consumer Loan [Member] | OAEM [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2	3
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	167	176
Consumer Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Consumer Loan [Member] | Total Non-Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 169	$ 179

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Impairment of Investment Securities - Schedule of Unrealized Losses and Estimated Fair Values (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
Gross unrealized losses related to available for sale securities	Less than $1 thousand	Less than $1 thousand
Maximum [Member] | Mortgage Backed Securities - Residential [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Gross unrealized losses (less than $1 thousand)	$ 1	$ 1

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Investment Securities - Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 42	$ 0
Sales Transactions:
Gross gains	4	0
Gross losses	0	0
Total gain (losses) from sales transactions	4	0
Maturities and impairment
Gross gains	4	0
Gross losses	0	0
Other-than-temporary impairment	0	0
Total gain (losses) maturities and impairment	4	0
Net gains and impairment	$ 8	$ 0

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Condensed Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	105,563,455	105,563,455
Common stock, shares outstanding (in shares)	96,442,161	99,629,494
Treasury stock, shares (in shares)	9,121,294	5,933,961

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Commitments and Contingent Liabilities

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

Commitments and Contingent Liabilities

Commitments and letters of credit

Standby letters of credit and commercial letters of credit are conditional commitments issued by First Commonwealth to guarantee the performance of a customer to a third party. The contract or notional amount of these instruments reflects the maximum amount of future payments that First Commonwealth could be required to pay under the guarantees if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from collateral held or pledged. In addition, many of these commitments are expected to expire without being drawn upon; therefore, the total commitment amounts do not necessarily represent future cash requirements.

The following table identifies the notional amount of those instruments at:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	1,542,449	$	1,506,618
Financial standby letters of credit	40,677		47,185
Performance standby letters of credit	44,389		69,240
Commercial letters of credit	—		685

The notional amounts outstanding as of June 30, 2013 include amounts issued in 2013 of $46 thousand in financial standby letters of credit and $0.5 million in performance standby letters of credit. There were no commercial letters of credit issued during 2013. A liability of $0.1 million and $0.2 million has been recorded as of June 30, 2013 and December 31, 2012, respectively, which represents the estimated fair value of letters of credit issued. The fair value of letters of credit is estimated based on the unrecognized portion of fees received at the time the commitment was issued.

Unused commitments and letters of credit provide exposure to future credit loss in the event of nonperformance by the borrower or guaranteed parties. Management’s evaluation of the credit risk in these commitments resulted in the recording of a liability of $2.3 million as of June 30, 2013 and $2.4 million as of December 31, 2012. The credit risk evaluation incorporated probability of default, loss given default and estimated utilization for the next twelve months for each loan category and the letters of credit.

Legal proceedings

McGrogan v. First Commonwealth Bank is a class action that was filed on January 12, 2009, in the Court of Common Pleas of Allegheny County, Pennsylvania. The action alleges that First Commonwealth Bank (the “Bank”) promised class members a minimum interest rate of 8% on its IRA Market Rate Savings Account for as long as the class members kept their money on deposit in the IRA account. The class asserts that the Bank committed fraud, breached its modified contract with the class members, and violated the Pennsylvania Unfair Trade Practice and Consumer Protection Law when it resigned as custodian of the IRA Market Rate Savings Accounts in 2008 and offered the class members a roll-over IRA account with a 3.5% interest rate. At that time, there were 237 account holders with an average age of 64, and the aggregate balances in the IRA Market Rate Savings accounts totaled approximately $11.5 million. Plaintiffs seek monetary damages for the alleged breach of contract, punitive damages for the alleged fraud and Unfair Trade Practice and Consumer Protection Law violations and attorney’s fees. On July 27, 2011, the court granted class certification as to the breach of modified contract claim and denied class certification as to the fraud and Pennsylvania Unfair Trade Practice and Consumer Protection Law claims. The breach of contract claim is predicated upon a letter sent to customers in 1998 which reversed an earlier decision by the Bank to reduce the rate paid on the accounts. The letter stated, in relevant part, “This letter will serve as notification that a decision has been made to re-establish the rate on your account to eight percent (8)%. This rate will be retroactive to your most recent maturity date and will continue going forward on deposits presently in the account and on annual additions.” On August 30, 2012, the Court entered an order granting the Bank’s motion for summary judgment and dismissing the class action claims. The Court found that the Bank retained the right to resign as custodian of the accounts and that the act of resigning as custodian and closing the accounts did not breach the terms of the underlying IRA contract. The Plaintiffs have filed an appeal with the Pennsylvania Superior Court. The appeal was argued before the Superior Court on May 7, 2013.  A decision is currently pending.

Other matters

First Commonwealth identified an error related to historical tax reporting for approximately 700-900 customers. A liability related to this error is considered probable, resulting in the establishment of an $0.8 million contingency reserve as of June 30, 2013. The total $0.8 million reserve for this issue represents management's best estimate of liability as resolution of this issue is in the initial stages. The contingent reserve is included in “Other liabilities” in the Condensed Consolidated Statements of Financial Condition.

There are no other material legal proceedings to which First Commonwealth or its subsidiaries are a party, or of which their property is the subject, except proceedings which arise in the normal course of business and, in the opinion of management, will not have a material adverse effect on the consolidated operations or financial position of First Commonwealth or its subsidiaries.

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net Income	$ 5,816	$ 12,321	$ 16,369	$ 23,372
Other comprehensive (loss) income, before tax expense:
Unrealized holding (losses) gains on securities arising during the period	(28,071)	998	(32,346)	1,097
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Income (Loss), before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities	2,841	(1,323)	4,705	175
Less: reclassification adjustment for gains on securities included in net income	(4)	0	(8)	0
Total other comprehensive (loss) income, before tax expense	(25,234)	(325)	(27,649)	1,272
Income tax benefit (expense) related to items of other comprehensive income	8,824	119	9,668	(439)
Total other comprehensive (loss) income	(16,410)	(206)	(17,981)	833
Comprehensive (Loss) Income	$ (10,594)	$ 12,115	$ (1,612)	$ 24,205

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Loans and Allowance for Credit Losses - Troubled Debt Restructured Loans and Commitments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Financing Receivable, Troubled Debt Restructurings [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 31,330	$ 64,016
Loans and Leases Receivable, Impaired, Commitment to Lend	1,953	1,574
Letter of Credit [Member]
Financing Receivable, Troubled Debt Restructurings [Line Items]
Loans and Leases Receivable, Impaired, Commitment to Lend	0	1,574
Unused lines of Credit [Member]
Financing Receivable, Troubled Debt Restructurings [Line Items]
Loans and Leases Receivable, Impaired, Commitment to Lend	1,953	0
Non Accrual Loans [Member]
Financing Receivable, Troubled Debt Restructurings [Line Items]
Financing Receivable, Modifications, Recorded Investment	13,811	13,037
Non Accrual Loans [Member]
Financing Receivable, Troubled Debt Restructurings [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 17,519	$ 50,979

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Condensed Consolidated Statements of Financial Condition (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and due from banks	$ 77,485	$ 98,724
Interest-bearing bank deposits	4,497	4,258
Securities available for sale, at fair value	1,306,687	1,171,303
Other investments	33,913	28,228
Loans:
Portfolio loans	4,229,752	4,204,704
Allowance for credit losses	(57,452)	(67,187)
Net loans	4,172,300	4,137,517
Premises and equipment, net	67,751	68,970
Other real estate owned	15,603	11,262
Goodwill	159,956	159,956
Amortizing intangibles, net	1,721	2,375
Bank owned life insurance	172,346	170,925
Other assets	140,757	141,872
Total assets	6,153,016	5,995,390
Deposits (all domestic):
Noninterest-bearing	900,940	883,269
Interest-bearing	3,832,107	3,674,612
Total deposits	4,733,047	4,557,881
Short-term borrowings	441,848	356,227
Subordinated debentures	72,167	105,750
Other long-term debt	144,615	174,471
Total long-term debt	216,782	280,221
Other liabilities	50,664	55,054
Total liabilities	5,442,341	5,249,383
Shareholders’ Equity
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued	0	0
Common stock, $1 par value per share, 200,000,000 shares authorized; 105,563,455 shares issued at June 30, 2013 and December 31, 2012, and 96,442,161 and 99,629,494 shares outstanding at June 30, 2013 and December 31, 2012, respectively	105,563	105,563
Additional paid-in capital	365,352	365,354
Retained earnings	321,135	315,608
Accumulated other comprehensive (loss) income, net	(16,722)	1,259
Treasury stock (9,121,294 and 5,933,961 shares at June 30, 2013 and December 31, 2012, respectively)	(64,653)	(41,777)
Total shareholders’ equity	710,675	746,007
Total liabilities and shareholders’ equity	$ 6,153,016	$ 5,995,390

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Impairment of Investment Securities - Pooled Trust Preferred Collateralized Debt Obligations (Detail) (USD $) In Thousands, unless otherwise specified																6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Senior [Member] Pre TSL I [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL IV [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL V [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL VII [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL VIII [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL IX [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL X [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL XII [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL XIII [Member]	Jun. 30, 2013 Mezzanine [Member] Pre TSL XIV [Member]	Jun. 30, 2013 Mezzanine [Member] MMCap I [Member]	Jun. 30, 2013 Mezzanine [Member] MM Comm IX [Member]	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member]	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Moody's, C Rating [Member] Mezzanine [Member] Pre TSL V [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, A Rating [Member] Moody's, Aa3 Rating [Member] Senior [Member] Pre TSL I [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, CCC Rating [Member] Moody's, Caa2 Rating [Member] Mezzanine [Member] Pre TSL IV [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, C Rating [Member] Mezzanine [Member] Pre TSL VIII [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL VII [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL IX [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL X [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL XII [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL XIII [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] Pre TSL XIV [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, C Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] MMCap I [Member] Bank	Jun. 30, 2013 Preferred Collateralized Debt Obligations Total [Member] Fitch, CC Rating [Member] Moody's, Ca Rating [Member] Mezzanine [Member] MM Comm IX [Member] Bank
Impairment Of Investment Securities [Line Items]
Book Value			$ 2	$ 1,830	$ 56	$ 3,705	$ 1,898	$ 2,286	$ 1,333	$ 5,357	$ 12,451	$ 13,421	$ 644	$ 6,548	$ 49,531
Estimated Fair Value	1,306,687	1,171,303	2	1,206	33	4,127	1,022	1,041	1,253	2,762	6,662	5,611	492	1,658	25,869
Unrealized Gain (Loss)			$ 0	$ (624)	$ (23)	$ 422	$ (876)	$ (1,245)	$ (80)	$ (2,595)	$ (5,789)	$ (7,810)	$ (152)	$ (4,890)	$ (23,662)
Number of Banks (in banks)																3	9	6	30	15	44	47	70	61	59	12	27
Deferrals and Defaults as a % of Current Collateral																100.00%	33.33%	18.05%	58.01%	52.80%	27.04%	34.92%	31.25%	28.88%	37.00%	62.77%	44.41%
Excess Subordination as a % of Current Performing Collateral																0.00%		50.84%	0.00%	0.00%	9.94%	0.00%	0.00%	20.84%	32.29%	0.00%	0.00%

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Analysis of Amortized Cost and Estimated Fair Value of Securities Available for Sale

Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:

	June 30, 2013									December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	25,119	$	2,944	$	(27	)	$	28,036	$	27,883	$	3,781	$	—		$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	981,279		14,549		(17,643		)	978,185		839,102		25,691		(392		)	864,401
Mortgage-Backed Securities – Commercial	125		1		—			126		148		1		—			149
Other Government-Sponsored Enterprises	267,966		311		(2,981		)	265,296		241,970		766		(72		)	242,664
Obligations of States and Political Subdivisions	81		2		—			83		82		4		—			86
Corporate Securities	6,698		312		(26		)	6,984		6,703		288		—			6,991
Pooled Trust Preferred Collateralized Debt Obligations	49,531		422		(24,084		)	25,869		51,866		3		(28,496		)	23,373
Total Debt Securities	1,330,799		18,541		(44,761		)	1,304,579		1,167,754		30,534		(28,960		)	1,169,328
Equities	1,820		288		—			2,108		1,859		116		—			1,975
Total Securities Available for Sale	$	1,332,619	$	18,829	$	(44,761	)	$	1,306,687	$	1,169,613	$	30,650	$	(28,960	)	$	1,171,303

Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale

The amortized cost and estimated fair value of debt securities available for sale at June 30, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or repay obligations with or without call or prepayment penalties.

	Amortized Cost		Estimated Fair Value
	(dollars in thousands)
Due within 1 year	$	28,081	$	28,265
Due after 1 but within 5 years	239,966		237,114
Due after 5 but within 10 years	—		—
Due after 10 years	56,229		32,853
	324,276		298,232
Mortgage-Backed Securities (a)	1,006,523		1,006,347
Total Debt Securities	$	1,330,799	$	1,304,579

(a) Mortgage Backed Securities include an amortized cost of $25.1 million and a fair value of $28.0 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $981.4 million and a fair value of $978.3 million

Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale

Proceeds from sales, gross gains (losses) realized on sales, maturities and other-than-temporary impairment charges related to securities available for sale were as follows for the six-months endedJune 30:

	2013		2012
	(dollars in thousands)
Proceeds from sales	$	42	$	—
Gross gains (losses) realized:
Sales Transactions:
Gross gains	$	4	$	—
Gross losses	—		—
	4		—
Maturities and impairment
Gross gains	4		—
Gross losses	—		—
Other-than-temporary impairment	—		—
	4		—
Net gains and impairment	$	8	$	—

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New Accounting Pronouncements (Notes)

6 Months Ended

Jun. 30, 2013

Accounting Changes and Error Corrections [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” This amendment addresses the previously deferred portions of ASU 2011-05 related to reclassifications out of accumulated other comprehensive income. This amendment requires an entity to provide information about amounts reclassified out of accumulated other comprehensive income (“AOCI”) by component. In addition, an entity is required to report the effect of significant reclassifications out of AOCI on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The adoption of this ASU did not have a material impact on First Commonwealth’s financial condition or results of operations.

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Investment Securities - Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Investment Securities [Line Items]
Amortized Cost	$ 1,332,619	$ 1,169,613
Estimated Fair Value	1,306,687	1,171,303
US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	981,400
Estimated Fair Value	$ 978,300

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Loans and Allowance for Credit Losses - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	$ 16,136,000	$ 3,749,000	$ 26,612,000	$ 8,741,000
Transfer to Other Real Estate			7,371,000	3,227,000
Loans held for sale	0		0
Total gains or losses included in earnings	257,000	1,102,000	383,000	2,409,000
Nonaccrual	59,286,000		59,286,000		94,518,000
Two Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs			18,400,000
Western Pennsylvania Non-Profit Healthcare Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs			2,800,000
Western Pennsylvania Student Housing Project [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs			2,500,000
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non Accrual Status Of Loans After Number Of Days Past Due			150 days
Nonaccrual Commercial Loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	20,100,000		20,100,000
Western Pennsylvania Real Estate Developer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs			13,100,000
Western Pennsylvania Non-Profit Corporation [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans charge off				3,100,000
Nonaccrual Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,000,000		2,000,000
Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	2,800,000		2,800,000
Accruing Loans [Member] | Hotel Resort Syndication Loan in the State of Washington [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			3,800,000
Accruing Loans [Member] | Western Pennsylvania Excavation Company [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			2,300,000
Non Accrual Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			26,100,000
Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			(34,500,000)
Decrease in specific allowance for nonperforming loans			8,100,000
Unfunded commitments related to nonperforming loans	1,900,000		1,900,000
Troubled debt restructured loans decreased			32,700,000
Commitments related to troubled debt restructured loans increased			400,000
Loans with modifications to rate and payment due to reamortization	100,000	0	600,000	115,000
Impaired Loans [Member] | Reserve for off balance sheet activities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Off balance sheet reserve to nonperforming loans	100,000		100,000
Impaired Loans [Member] | Real Estate Developer In Eastern Pennsylvania [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			(17,200,000)
Impaired Loans [Member] | Commercial Real Estate Loan in Nevada [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			(2,500,000)
Impaired Loans [Member] | Western Pennsylvania Real Estate Developer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable recorded investment nonaccrual status remaining portion	44,100,000		44,100,000
Impaired Loans [Member] | Western Pennsylvania [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	2,800,000
Nonaccrual	3,400,000		3,400,000
Impaired Loans [Member] | Construction Loan in Florida [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in nonperforming loans			(3,500,000)
Loans Held For Sale [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gains or losses included in earnings	257,000	1,102,000	383,000	2,870,000
Western Pennsylvania Specialty Metal Processor [Member] | Nonaccrual Commercial Loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,600,000		3,600,000
Western Pennsylvania Glass Manufacturer [Member] [Member] | Nonaccrual Commercial Loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,100,000		3,100,000
Western Pennsylvania Reals Estate Manager [Member] | Nonaccrual Commercial Loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	7,700,000		7,700,000
Western Pennsylvania Real Estate Developer [Member] | Nonaccrual Commercial Loans [Member] [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs			500,000
Transfer to Other Real Estate			4,800,000
Nonaccrual loans	$ 5,700,000		$ 5,700,000

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Fair Values of Assets and Liabilities - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Credit loss on interest rate swap			$ 900,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Fair Value, Assets, Level 1 to Level 2 Transfers, Description	0.000	0.000	0.000	0.000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	3,522,000		20,135,000	461,000
Impaired loans considered to be credit risk of non-collection	100,000		100,000
Updated appraisal requirement floor	250,000		250,000
Other real estate owned	15,603,000		15,603,000		11,262,000
Financial instrument of credit risk	100,000		100,000		200,000
Fair Value, Assets Measured on Recurring Basis, Gain (Loss) Included in Other Income, Assets and Liabilities Continue to be held	0	0	0	0
Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0		0	461,000
Loans Held For Sale [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	$ 3,522,000		$ 20,135,000	$ 0
Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Swap Rates Term Used to Determine Yield Curve	3 years		3 years
Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Swap Rates Term Used to Determine Yield Curve	30 years		30 years

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Variable Interest Entities - Schedule of Maximum Potential Exposure (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Variable Interest Entities [Abstract]
Low Income Housing Limited Partnership Investments	$ 272	$ 347

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Supplemental Comprehensive Income Disclosures (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			$ 1,259	$ 2,001
Unrealized holding gains on securities arising during the period	(18,254)	654	(21,034)	719
Amounts reclassified from accumulated other comprehensive income (loss)			3,053	114
Other comprehensive income (loss)	(16,410)	(206)	(17,981)	833
Accumulated Other Comprehensive Income (Loss), Ending Balance	(16,722)	2,834	(16,722)	2,834
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			138	332
Unrealized holding gains on securities arising during the period			0	0
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income (loss)			0	0
Accumulated Other Comprehensive Income (Loss), Ending Balance	138	332	138	332
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			1,121	1,669
Unrealized holding gains on securities arising during the period			(21,034)	719
Amounts reclassified from accumulated other comprehensive income (loss)			3,053	114
Other comprehensive income (loss)			(17,981)	833
Accumulated Other Comprehensive Income (Loss), Ending Balance	$ (16,860)	$ 2,502	$ (16,860)	$ 2,502

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Supplemental Cash Flow Disclosures - Non-cash Investing and Financing Activities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash paid during the period for:
Interest	$ 12,990	$ 17,278
Income Taxes Paid, Net	2,200	5,700
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Employer Cash Payments Used for Debt Service	0	1,000
Non-cash investing and financing activities:
Transfer to Other Real Estate	7,371	3,227
Transfer of Portfolio Loans and Leases to Held-for-sale	20,135	0
Gross increase in market value adjustment to securities available for sale	(27,625)	1,254
Unsettled treasury stock repurchases	$ 0	$ 1,233

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Variable Interest Entities

6 Months Ended

Jun. 30, 2013

Variable Interest Entities [Abstract]

Variable Interest Entities

Variable Interest Entities

As defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810-10, a Variable Interest Entity (“VIE”) is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. Under ASC 810-10, an entity that holds a variable interest in a VIE is required to consolidate the VIE if the entity is deemed to be the primary beneficiary, which generally means it is subject to a majority of the risk of loss from the VIE’s activities, is entitled to receive a majority of the entity’s residual returns, or both.

First Commonwealth’s VIEs are evaluated under the guidance included in FASB Accounting Standards Update (“ASU”) 2009-17. These VIEs include qualified affordable housing projects that First Commonwealth has invested in as part of its community reinvestment initiatives. We periodically assess whether or not our variable interests in the VIE, based on qualitative analysis, provide us with a controlling interest in the VIE. The analysis includes an assessment of the characteristics of the VIE. We do not have a controlling financial interest in the VIE, which would require consolidation of the VIE, as we do not have the following characteristics: (1) the power to direct the activities that most significantly impact the VIE’s economic performance; and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

First Commonwealth’s maximum potential exposure is equal to its carrying value and is summarized in the table below:

	June 30, 2013		December 31, 2012
	(dollars in thousands)
Low Income Housing Limited Partnership Investments	$	272	$	347

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Fair Values of Assets and Liabilities - Quantitative Inputs and Assumptions Used in Level 3 Fair Value Measurements (Detail) (USD $)				6 Months Ended												6 Months Ended						6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Minimum [Member] Discount rates [Member]		Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Maximum [Member] Discount rates [Member]		Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Minimum [Member] Probability of default [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Minimum [Member] Prepayment rates [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Maximum [Member] Probability of default [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Maximum [Member] Prepayment rates [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Weighted average [Member] Probability of default [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Discounted Cash Flow [Member] Weighted average [Member] Prepayment rates [Member]	Jun. 30, 2013 Equity Securities [Member]	Dec. 31, 2012 Interest Rate Swap [Member]	Jun. 30, 2013 Interest Rate Swap [Member] Option model [Member] Minimum [Member] Counterparty credit risk [Member]		Jun. 30, 2013 Interest Rate Swap [Member] Option model [Member] Maximum [Member] Counterparty credit risk [Member]		Jun. 30, 2013 Impaired Loans [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] NGL per gallon [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] Minimum [Member] Gas per MCF [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] Minimum [Member] Oil per BBL/d [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] Maximum [Member] Gas per MCF [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] Maximum [Member] Oil per BBL/d [Member]		Jun. 30, 2013 Impaired Loans [Member] Reserve Study [Member] Weighted average [Member] Discount rates [Member]		Jun. 30, 2013 Other Real Estate Owned [Member]	Jun. 30, 2013 Level 3 [Member]	Dec. 31, 2012 Level 3 [Member]	Jun. 30, 2013 Level 3 [Member] Equity Securities [Member]	Dec. 31, 2012 Level 3 [Member] Equity Securities [Member]	Jun. 30, 2013 Fair Value, Measurements, Nonrecurring [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member]	Jun. 30, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member]	Jun. 30, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Other Real Estate Owned [Member]	Jun. 30, 2013 Pooled Trust Preferred Collateralized Debt Obligations [Member] Level 3 [Member]	Dec. 31, 2012 Pooled Trust Preferred Collateralized Debt Obligations [Member] Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value of Available for Sale	$ 1,306,687,000	$ 1,171,303,000																																	$ 27,289,000	$ 24,793,000	$ 1,420,000	$ 1,420,000						$ 25,869,000	$ 23,373,000
Other Real Estate Owned Assets Fair Value																																							17,303,000	12,228,000		247,000	187,000
Assets		1,216,011,000	24,512,000											1,420,000	0					715,000	[1]													215,000	27,289,000	24,793,000			80,746,000	102,004,000	7,727,000	7,074,000
Weighted average rate				6.00%	[2]	16.00%	[2]	0.00%	0.00%	100.00%	100.00%	19.32%	7.48%			6.80%	[3]	9.12%	[3]													10.00%	[3]
Fair Value Inputs Monetary																						$ 1.54	[4]	$ 3.67	[4]	$ 90.97	[4]	$ 7.60	[4]	$ 106.00	[4]

[1] the remainder of impaired loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.

[2] (a)incorporates spread over risk free rate related primarily to credit quality and illiquidity of secu

[3] represents the range of the credit spread curve used in valuation.

[4] unobservable inputs are defined as follows: MCF - million cubic feet; BBL/d - barrels per day; NGL - natural gas liquid.

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Impairment of Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Impairment of Investment Securities Disclosure [Abstract]

Schedule of Unrealized Losses and Estimated Fair Values

The following table presents the gross unrealized losses and estimated fair values at June 30, 2013 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More					Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	2,096	$	(27	)	$	—	$	—		$	2,096	$	(27	)
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	$	550,385	$	(17,643	)	$	—	$	—		$	550,385	$	(17,643	)
Other Government-Sponsored Enterprises	$	186,985	$	(2,981	)	$	—	$	—		$	186,985	$	(2,981	)
Corporate Securities	4,798		(26		)	—		—			4,798		(26		)
Pooled Trust Preferred Collateralized Debt Obligations	$	33	$	(23	)	$	21,706	$	(24,061	)	$	21,739	$	(24,084	)
Total Securities Available for Sale	$	744,297	$	(20,700	)	$	21,706	$	(24,061	)	$	766,003	$	(44,761	)

The following table presents the gross unrealized losses and estimated fair values at December 31, 2012 by investment category and time frame for which securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More						Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses				Estimated Fair Value		Gross Unrealized Losses
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	—	$	—		$	13	$	—		(a)	$	13	$	—
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	76,296		(392		)	21		—			(a)	76,317		(392		)
Other Government-Sponsored Enterprises	59,303		(72		)	—		—				59,303		(72		)
Pooled Trust Preferred Collateralized Debt Obligations	—		—			23,316		(28,496		)		23,316		(28,496		)
Total Securities Available for Sale	$	135,599	$	(464	)	$	23,350	$	(28,496	)		$	158,949	$	(28,960	)

(a) Gross unrealized losses related to these types of securities are less than $1 thousand.

Pooled Trust Preferred Collateralized Debt Obligations

The following table provides information related to our pooled trust preferred collateralized debt obligations as of June 30, 2013:

Deal	Class	Book Value		Estimated Fair Value		Unrealized Gain (Loss)			Moody’s/ Fitch Ratings	Number of Banks	Deferrals and Defaults as a % of Current Collateral		Excess Subordination as a % of Current Performing Collateral
(dollars in thousands)
Pre TSL I	Senior	$	2	$	2	$	—		Aa3/A	9	33.33	%	NM
Pre TSL IV	Mezzanine	1,830		1,206		(624		)	Caa2/CCC	6	18.05		50.84
Pre TSL V	Mezzanine	56		33		(23		)	C/–	3	100.00		—
Pre TSL VII	Mezzanine	3,705		4,127		422			Ca/C	15	52.80		—
Pre TSL VIII	Mezzanine	1,898		1,022		(876		)	C/C	30	58.01		—
Pre TSL IX	Mezzanine	2,286		1,041		(1,245		)	Ca/C	44	27.04		9.94
Pre TSL X	Mezzanine	1,333		1,253		(80		)	Ca/C	47	34.92		—
Pre TSL XII	Mezzanine	5,357		2,762		(2,595		)	Ca/C	70	31.25		—
Pre TSL XIII	Mezzanine	12,451		6,662		(5,789		)	Ca/C	61	28.88		20.84
Pre TSL XIV	Mezzanine	13,421		5,611		(7,810		)	Ca/C	59	37.00		32.29
MMCap I	Mezzanine	644		492		(152		)	Ca/C	12	62.77		—
MM Comm IX	Mezzanine	6,548		1,658		(4,890		)	Ca/CC	27	44.41		—
Total		$	49,531	$	25,869	$	(23,662	)

Cumulative Roll Forward of Credit Losses Recognized in Earnings for Debt Securities held and not Intended to be Sold

The following table provides a cumulative roll forward of credit losses recognized in earnings for debt securities held and not intended to be sold:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Balance, beginning (a)	$	42,991		$	44,501		$	43,274		$	44,736
Credit losses on debt securities for which other-than-temporary impairment was not previously recognized	—			—			—			—
Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized	—			—			—			—
Increases in cash flows expected to be collected, recognized over the remaining life of the security (b)	(292		)	(271		)	(575		)	(506		)
Balance, ending	$	42,699		$	44,230		$	42,699		$	44,230

(a) The beginning balance represents credit related losses included in other-than-temporary impairment charges recognized on debt securities in prior periods.

(b) Represents the increase in cash flows recognized in interest income during the period.

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Investment Securities - Analysis of Amortized Cost and Estimated Fair Values of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Investment Securities [Line Items]
Amortized Cost	$ 1,332,619	$ 1,169,613
Gross Unrealized Gains	18,829	30,650
Gross Unrealized Losses	(44,761)	(28,960)
Estimated Fair Value	1,306,687	1,171,303
Obligations of U.S. Government Agencies [Member]
Investment Securities [Line Items]
Amortized Cost	25,100
Estimated Fair Value	28,000
US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	981,400
Estimated Fair Value	978,300
Obligations of States and Political Subdivisions [Member]
Investment Securities [Line Items]
Amortized Cost	81	82
Gross Unrealized Gains	2	4
Gross Unrealized Losses	0	0
Estimated Fair Value	83	86
Pooled Trust Preferred Collateralized Debt Obligations [Member]
Investment Securities [Line Items]
Amortized Cost	49,531	51,866
Gross Unrealized Gains	422	3
Gross Unrealized Losses	(24,084)	(28,496)
Estimated Fair Value	25,869	23,373
Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	1,330,799	1,167,754
Gross Unrealized Gains	18,541	30,534
Gross Unrealized Losses	(44,761)	(28,960)
Estimated Fair Value	1,304,579	1,169,328
Mortgage Backed Securities - Residential [Member] | Obligations of U.S. Government Agencies [Member]
Investment Securities [Line Items]
Amortized Cost	25,119	27,883
Gross Unrealized Gains	2,944	3,781
Gross Unrealized Losses	(27)	0
Estimated Fair Value	28,036	31,664
Mortgage Backed Securities - Residential [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	981,279	839,102
Gross Unrealized Gains	14,549	25,691
Gross Unrealized Losses	(17,643)	(392)
Estimated Fair Value	978,185	864,401
Mortgage Backed Securities - Commercial [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	125	148
Gross Unrealized Gains	1	1
Gross Unrealized Losses	0	0
Estimated Fair Value	126	149
Other Government Sponsored Enterprises [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	267,966	241,970
Gross Unrealized Gains	311	766
Gross Unrealized Losses	(2,981)	(72)
Estimated Fair Value	265,296	242,664
Corporate Debt Securities [Member]
Investment Securities [Line Items]
Amortized Cost	6,698	6,703
Gross Unrealized Gains	312	288
Gross Unrealized Losses	(26)	0
Estimated Fair Value	6,984	6,991
Equity Securities [Member]
Investment Securities [Line Items]
Amortized Cost	1,820	1,859
Gross Unrealized Gains	288	116
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 2,108	$ 1,975

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Other Investments

6 Months Ended

Jun. 30, 2013

Other Investments Disclosure [Abstract]

Other Investments

Other Investments

As a member of the Federal Home Loan Bank (“FHLB”), First Commonwealth is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The level of stock required to be held is dependent on the amount of First Commonwealth's mortgage related assets and outstanding borrowings with the FHLB. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. As of June 30, 2013 and December 31, 2012, our FHLB stock totaled $33.9 million and $28.2 million, respectively and is included in “Other investments” on the Condensed Consolidated Statements of Financial Condition.

During 2013 and 2012, the FHLB repurchased excess stock from its members by repurchasing the lessor of 5% of the members’ total capital stock outstanding or its total excess capital stock. As a result, during the six-months endedJune 30, 2013 and 2012, $5.0 million and $3.9 million, respectively of the stock owned by First Commonwealth was repurchased. The FHLB repurchased stock and paid dividends in 2013 and 2012, however, decisions regarding any future repurchase of excess capital stock and dividend payments will be made by the FHLB on a quarterly basis. Management reviewed the FHLB’s Form 10-Q for the period ended March 31, 2013 filed with the SEC on May 8, 2013.

FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. First Commonwealth evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects our view of the FHLB’s long-term performance, which includes factors such as the following:

• its operating performance;

• the severity and duration of declines in the fair value of its net assets related to its capital stock amount;

• its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance;

• the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of FHLB; and

• its liquidity and funding position.

After evaluating all of these considerations, First Commonwealth concluded that the par value of its investment in FHLB stock will be recovered. Accordingly, no impairment charge was recorded on these securities for the six-months endedJune 30, 2013. Our evaluation of the factors described above in future periods could result in the recognition of impairment charges on FHLB stock.

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Earnings per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
Weighted average common shares issued	105,563,455		105,563,455		105,563,455		105,563,455
Average treasury shares	(7,823,276	)	(410,247	)	(6,968,649	)	(476,286	)
Averaged unearned ESOP shares	—		(50,170	)	—		(67,580	)
Average unearned nonvested shares	(175,480	)	(208,777	)	(172,850	)	(167,095	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,564,699		104,894,261		98,421,956		104,852,494
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	12,311		6,978		7,267		3,049
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	97,577,010		104,901,239		98,429,223		104,855,543

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the six-months endedJune 30 because to do so would have been antidilutive.

	2013					2012
		Price Range					Price Range
	Shares	From		To		Shares	From		To
Stock Options	40,210	$	9.59	$	14.55	329,866	$	6.36	$	14.55
Restricted Stock	92,059	5.96		7.35		96,113	5.96		6.82

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Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash Dividends Declared per Common Share (in dollars per share)	$ 0.11	$ 0.08
Common Stock [Member]
Cash Dividends Declared per Common Share (in dollars per share)	$ 0.11	$ 0.08
ESOP market value adjustment, gross	$ 0	$ 477
ESOP market value adjustment, tax benefit	$ 0	$ 167

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Impairment of Investment Securities - Cumulative Roll Forward of Credit Losses Recognized in Earnings for Debt Securities Held and Not Intended to be Sold (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012		Sep. 30, 2012
Impairment of Investment Securities Disclosure [Abstract]
Balance, beginning (a)	$ 42,991	$ 44,501	$ 43,274	[1]	$ 44,736	[1]	$ 44,230
Credit losses on debt securities for which other-than-temporary impairment was not previously recognized	0	0	0		0
Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized	0	0	0		0
Increases in cash flows expected to be collected, recognized over the remaining life of the security (b)	(292)	271	(575)	[2]	(506)	[2]
Balance, ending	$ 42,699	$ 44,230	$ 42,699		$ 44,230		$ 44,230

[1] The beginning balance represents credit related losses included in other-than-temporary impairment charges recognized on debt securities in prior periods.

[2] Represents the increase in cash flows recognized in interest income during the period.

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Other Investments - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Other Investments Disclosure [Abstract]
FHLB stock totaled	$ 33,913,000		$ 28,228,000
Maximum percentage of stock to be purchased	5.00%	5.00%
Proceeds from the redemption of FHLB stock	4,984,000	3,880,000
Impairment on FHLB Stock	$ 0	$ 0

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Derivatives (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Credit Value Adjustment Recorded Related to Notional Amount Of Derivatives Outstanding

The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	June 30, 2013			December 31, 2012
	(dollars in thousands)
Credit value adjustment	$	(284	)	$	(2,207	)
Notional Amount:
Interest rate derivatives	279,920			223,448
Risk participation agreements	79,411			71,390
Sold credit protection on risk participation agreements	(19,383		)	—

Schedule of Changes in Fair Value of Derivative Assets and Liabilities

The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in other income on the Condensed Consolidated Statements of Income:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
	(dollars in thousands)
Non-hedging interest rate derivatives:
Increase in other income	$	78	$	144	$	1,067	$	750

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Fair Values of Assets and Liabilities - Schedule of Assets Measured on Non-Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets		$ 1,216,011
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	63,443	89,776
Other real estate owned	17,303	12,228
Total Assets	80,746	102,004
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	688	555
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Other real estate owned	0	0
Total Assets	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1,326,744	1,190,663
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	55,903	82,949
Other real estate owned	17,116	11,981
Total Assets	73,019	94,930
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	27,289	24,793
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	7,540	6,827
Other real estate owned		247
Total Assets	7,727	7,074
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	215
Other Real Estate Owned [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 187

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Loans and Allowance for Credit Losses - Troubled Debt Restructurings Identified During Period (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts	16	6	32	8
Extend Maturity	$ 373	$ 1,270	$ 806	$ 1,270
Modify Rate	123	18	604	115
Modify Payments	772	6,112	1,302	6,112
Total Pre-Modification Outstanding Recorded Investment	1,268	7,400	2,712	7,497
Post- Modification Outstanding Recorded Investment	1,241	7,391	2,539	7,442
Financing Receivable Specific Reserve				2,760
Specific Reserve	662000	2760000	662000
Recorded Investment			18	0
Number of Contracts			4	0
Commercial Loan [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	4	3	4
Extend Maturity	100	447	526	447
Modify Rate	0	18	0	18
Modify Payments	0	6,029	12	6,029
Total Pre-Modification Outstanding Recorded Investment	100	6,494	538	6,494
Post- Modification Outstanding Recorded Investment	100	6,494	472	6,494
Financing Receivable Specific Reserve				2,760
Specific Reserve	100	2760	100
Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts		1		1
Extend Maturity		823		823
Modify Rate		0		0
Modify Payments		0		0
Total Pre-Modification Outstanding Recorded Investment		823		823
Post- Modification Outstanding Recorded Investment		815		815
Financing Receivable Specific Reserve				0
Specific Reserve		0
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	13	1	22	3
Extend Maturity	273	0	280	0
Modify Rate	113	0	326	97
Modify Payments	769	83	1,284	83
Total Pre-Modification Outstanding Recorded Investment	1,155	83	1,890	180
Post- Modification Outstanding Recorded Investment	1,132	82	1,801	133
Financing Receivable Specific Reserve				0
Specific Reserve	562	0	562
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts			1
Extend Maturity			0
Modify Rate			244
Modify Payments			0
Total Pre-Modification Outstanding Recorded Investment			244
Post- Modification Outstanding Recorded Investment			237
Specific Reserve			0
Consumer Loan [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	2		6
Extend Maturity	0		0
Modify Rate	10		34
Modify Payments	3		6
Total Pre-Modification Outstanding Recorded Investment	13		40
Post- Modification Outstanding Recorded Investment	9		29
Specific Reserve	0		0
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modification, Subsequent Default, Number of Contracts			1
Recorded Investment			9	0
Number of Contracts				0
Consumer Loan [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modification, Subsequent Default, Number of Contracts	2		3
Recorded Investment	$ 5	$ 0	$ 9	$ 0
Number of Contracts		0		0

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

At June 30, 2013 and December 31, 2012, First Commonwealth had no material unrecognized tax benefits or accrued interest and penalties. If applicable, First Commonwealth will record interest and penalties as a component of noninterest expense. Federal and state tax years 2009 through 2012 were open for examination as of June 30, 2013.

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Investment Securities

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:

	June 30, 2013									December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential	$	25,119	$	2,944	$	(27	)	$	28,036	$	27,883	$	3,781	$	—		$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential	981,279		14,549		(17,643		)	978,185		839,102		25,691		(392		)	864,401
Mortgage-Backed Securities – Commercial	125		1		—			126		148		1		—			149
Other Government-Sponsored Enterprises	267,966		311		(2,981		)	265,296		241,970		766		(72		)	242,664
Obligations of States and Political Subdivisions	81		2		—			83		82		4		—			86
Corporate Securities	6,698		312		(26		)	6,984		6,703		288		—			6,991
Pooled Trust Preferred Collateralized Debt Obligations	49,531		422		(24,084		)	25,869		51,866		3		(28,496		)	23,373
Total Debt Securities	1,330,799		18,541		(44,761		)	1,304,579		1,167,754		30,534		(28,960		)	1,169,328
Equities	1,820		288		—			2,108		1,859		116		—			1,975
Total Securities Available for Sale	$	1,332,619	$	18,829	$	(44,761	)	$	1,306,687	$	1,169,613	$	30,650	$	(28,960	)	$	1,171,303

The amortized cost and estimated fair value of debt securities available for sale at June 30, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or repay obligations with or without call or prepayment penalties.

	Amortized Cost		Estimated Fair Value
	(dollars in thousands)
Due within 1 year	$	28,081	$	28,265
Due after 1 but within 5 years	239,966		237,114
Due after 5 but within 10 years	—		—
Due after 10 years	56,229		32,853
	324,276		298,232
Mortgage-Backed Securities (a)	1,006,523		1,006,347
Total Debt Securities	$	1,330,799	$	1,304,579

(a) Mortgage Backed Securities include an amortized cost of $25.1 million and a fair value of $28.0 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $981.4 million and a fair value of $978.3 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac.

Proceeds from sales, gross gains (losses) realized on sales, maturities and other-than-temporary impairment charges related to securities available for sale were as follows for the six-months endedJune 30:

	2013		2012
	(dollars in thousands)
Proceeds from sales	$	42	$	—
Gross gains (losses) realized:
Sales Transactions:
Gross gains	$	4	$	—
Gross losses	—		—
	4		—
Maturities and impairment
Gross gains	4		—
Gross losses	—		—
Other-than-temporary impairment	—		—
	4		—
Net gains and impairment	$	8	$	—

Securities available for sale with an estimated fair value of $645.6 million and $631.0 million were pledged as of June 30, 2013 and December 31, 2012, respectively, to secure public deposits and for other purposes required or permitted by law.

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Fair Values of Assets and Liabilities - Carrying Amounts and Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	$ 77,485	$ 98,724
Interest-bearing deposits	4,497	4,258
Securities available for sale	1,306,687	1,171,303
Other investments	33,913	28,228
Loans	4,229,752	4,204,704	4,159,531
Deposits	4,733,047	4,557,881
Short-term borrowings	441,848	356,227
Long-term debt	144,615	174,471
Subordinated debt	72,167	105,750
Level 1 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Other investments	0	0
Level 2 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Other investments	33,913	28,228
Level 3 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Other investments	0	0
Carrying Amount [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	77,485	98,724
Interest-bearing deposits	4,497	4,258
Securities available for sale	1,306,687	1,171,303
Other investments	33,913	28,228
Loans	4,229,752	4,204,704
Deposits	4,733,047	4,557,881
Short-term borrowings	441,848	356,227
Long-term debt	144,615	174,471
Subordinated debt	72,167	105,750
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	77,485	98,724
Interest-bearing deposits	4,497	4,258
Securities available for sale	1,306,687	1,171,303
Other investments	33,913	28,228
Loans	4,276,416	4,245,114
Deposits	4,664,831	4,493,764
Short-term borrowings	441,838	356,221
Long-term debt	145,721	176,178
Subordinated debt	47,833	76,735
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	77,485	98,724
Interest-bearing deposits	4,497	4,258
Securities available for sale	688	555
Other investments	0	0
Loans	0	0
Deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	0	0
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	0	0
Interest-bearing deposits	0	0
Securities available for sale	1,278,710	1,145,955
Other investments	33,913	28,228
Loans	55,903	82,949
Deposits	4,664,831	4,493,764
Short-term borrowings	441,838	356,221
Long-term debt	145,721	176,178
Subordinated debt	0	0
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 3 [Member]
Fair Value Measurements Of Financial Instruments [Line Items]
Cash and due from banks	0	0
Interest-bearing deposits	0	0
Securities available for sale	27,289	24,793
Other investments	0	0
Loans	4,220,513	4,162,165
Deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	$ 47,833	$ 76,735

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Goodwill

6 Months Ended

Jun. 30, 2013

Goodwill Disclosure [Abstract]

Goodwill

Goodwill

FASB ASC Topic 350-20, “Intangibles – Goodwill and Other” requires an annual valuation of the fair value of a reporting unit that has goodwill and a comparison of the fair value to the book value of equity to determine whether the goodwill has been impaired. Goodwill is also required to be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. When triggering events or circumstances indicate goodwill testing is required, an assessment of qualitative factors can be completed before performing the two step goodwill impairment test. ASU 2011-8 provides that if an assessment of qualitative factors determines it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, then the two step goodwill impairment test is not required.

First Commonwealth is considered to be one reporting unit. The carrying amount of goodwill as of June 30, 2013 and December 31, 2012 was $159.9 million. No impairment charges on goodwill or other intangible assets were incurred in 2013 or 2012.

We test goodwill for impairment as of November 30th each year and again at any quarter-end if any material events occur during a quarter that may affect goodwill. An assessment of qualitative factors was completed as of June 30, 2013 and indicated that it is more likely than not that the fair value of First Commonwealth exceeds its carrying amount, therefore the two step goodwill impairment test was not considered necessary. The assessment of qualitative factors incorporated the results of the Step 1 goodwill impairment test completed as of November 30, 2012 as well as macroeconomic factors, industry and market considerations, the company’s overall financial performance, and other company specific events occurring since the completion of the November 30, 2012 test.

As of June 30, 2013, goodwill was not considered impaired; however, changing economic conditions that may adversely affect our performance, fair value of our assets and liabilities, or stock price could result in impairment, which could adversely affect earnings in future periods. Management will continue to monitor events that could impact this conclusion in the future.

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Fair Values of Assets and Liabilities

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Values of Assets and Liabilities

Fair Values of Assets and Liabilities

FASB ASC Topic 820, “Fair Value Measurements and Disclosures” requires disclosures for non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). All non-financial assets are included either as a separate line item on the Condensed Consolidated Statements of Financial Condition or in the “Other assets” category of the Condensed Consolidated Statements of Financial Condition. Currently, First Commonwealth does not have any non-financial liabilities to disclose.

FASB ASC Topic 825, “Financial Instruments” permits entities to irrevocably elect to measure select financial instruments and certain other items at fair value. The unrealized gains and losses are required to be included in earnings each reporting period for the items that fair value measurement is elected. First Commonwealth has elected not to measure any existing financial instruments at fair value under FASB ASC Topic 825; however, in the future we may elect to adopt this guidance for select financial instruments.

In accordance with FASB ASC Topic 820, First Commonwealth groups financial assets and financial liabilities measured at fair value in three levels based on the principal markets in which the assets and liabilities are transacted and the observability of the data points used to determine fair value. These levels are:

• Level 1 – Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange (“NYSE”). Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 1 securities include equity holdings comprised of publicly traded bank stocks which were priced using quoted market prices.

• Level 2 – Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained for identical or comparable assets or liabilities from alternative pricing sources with reasonable levels of price transparency. Level 2 includes Obligations of U.S. Government securities issued by Agencies and Sponsored Enterprises, Obligations of States and Political Subdivisions, certain corporate securities, FHLB stock, interest rate derivatives that include interest rate swaps and risk participation agreements, certain other real estate owned and certain impaired loans.

Level 2 investment securities are valued by a recognized third party pricing service using observable inputs. The model used by the pricing service varies by asset class and incorporates available market, trade and bid information as well as cash flow information when applicable. Because many fixed-income investment securities do not trade on a daily basis, the model uses available information such as benchmark yield curves, benchmarking of like investment securities, sector groupings and matrix pricing. The model will also use processes such as an option adjusted spread to assess the impact of interest rates and to develop prepayment estimates. Market inputs normally used in the pricing model include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications.

Management validates the market values provided by the third party service by having another recognized pricing service price 100% of the securities on an annual basis and a random sample of securities each quarter, monthly monitoring of variances from prior period pricing and, on a monthly basis, evaluating pricing changes compared to expectations based on changes in the financial markets.

Other investments are comprised of FHLB stock whose estimated fair value is based on its par value. Additional information on FHLB stock is provided in Note 8, “Other Investments.”

Interest rate derivatives are reported at an estimated fair value utilizing Level 2 inputs and are included in other assets and other liabilities and consist of interest rate swaps where there is no significant deterioration in the counterparties' (loan customers) credit risk since origination of the interest rate swap. First Commonwealth values its interest rate swap positions using a yield curve by taking market prices/rates for an appropriate set of instruments. The set of instruments currently used to determine the U.S. Dollar yield curve includes cash LIBOR rates from overnight to three months, Eurodollar futures contracts and swap rates from three years to thirty years. These yield curves determine the valuations of interest rate swaps. Interest rate derivatives are further described in Note 13, “Derivatives.”

For purposes of potential valuation adjustments to our derivative positions, First Commonwealth evaluates the credit risk of its counterparties as well as our own credit risk. Accordingly, we have considered factors such as the likelihood of default, expected loss given default, net exposures and remaining contractual life, among other things, in determining if any fair value adjustments related to credit risk are required. We review our counterparty exposure quarterly, and when necessary, appropriate adjustments are made to reflect the exposure.

We also utilize this approach to estimate our own credit risk on derivative liability positions. In 2013, we have not realized any losses due to a counterparty's inability to pay any uncollateralized positions.

The estimated fair value for other real estate owned included in Level 2 is determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement.

• Level 3 – Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. If the inputs used to provide the valuation are unobservable and/or there is very little, if any, market activity for the security or similar securities, the securities would be considered Level 3 securities. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The assets included in Level 3 are pooled trust preferred collateralized debt obligations, non-marketable equity investments, loans held for sale and certain interest rate derivatives, certain other real estate owned and certain impaired loans.

Our pooled trust preferred collateralized debt obligations are collateralized by the trust preferred securities of individual banks, thrifts and bank holding companies in the U.S. There has been little or no active trading in these securities since 2009; therefore it was more appropriate to determine estimated fair value using a discounted cash flow analysis. Detail on our process for determining the appropriate cash flows for this analysis is provided in Note 9, “Impairment of Investment Securities.” The discount rate applied to the cash flows is determined by evaluating the current market yields for comparable corporate and structured credit products along with an evaluation of the risks associated with the cash flows of the comparable security. Due to the fact that there is no active market for the pooled trust preferred collateralized debt obligations, one key reference point is the market yield for the single issue trust preferred securities issued by banks and thrifts for which there is more activity than for the pooled securities. Adjustments are then made to reflect the credit and structural differences between these two security types.

Management validates the fair value of the pooled trust preferred collateralized debt obligations by monitoring the performance of the underlying collateral, discussing the discount rate, cash flow assumptions and general market trends with the specialized third party and confirming changes in the underlying collateral to the trustee reports. Management’s monitoring of the underlying collateral includes deferrals of interest payments, payment defaults, cures of previously deferred interest payments, any regulatory filings or actions and general news related to the underlying collateral. Management also evaluates fair value changes compared to expectations based on changes in the interest rates used in determining the discount rate and general financial markets.

The estimated fair value of the non-marketable equity investments included in Level 3 is based on par value.

Loans held for sale are carried at the lower of cost or fair value with the fair value being the expected sales price of the loan. The estimated fair value of the loans held for sale was determined by calculating the discounted expected future cash flows of the loan. The discount rate applied to the future cash flows was determined based on a risk based expected return and capital structure of potential buyers. If a sales agreement has been executed, the fair value is equal to the sales price.

For interest rate derivatives included in Level 3, the fair value incorporates credit risk by considering such factors as likelihood of default and expected loss given default based on the credit quality of the underlying counterparties (loan customers).

In 2013, we experienced a $0.9 million credit loss as a result of a counterparty's inability to pay the net uncollaterlized position on an interest rate swap. The full amount of this credit loss was provided for in prior periods. Additionally, as the result of deterioration in other counterparties (loan customers) credit quality for certain interest rate derivatives, future amounts previously believed to be collectible under the terms of the interest rate derivative have now been deemed to be uncollectible.

In accordance with ASU 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements.

	Fair Value (dollars in thousands)	Valuation Technique	Unobservable Inputs	Range / (weighted average)
Pooled Trust Preferred Securities	$25,869	Discounted Cash Flow	Probability of default	0% - 100% (19.32%)
			Prepayment rates	0% - 100% (7.48%)
			Discount rates	6% - 16% (a)
Equities	1,420	Par Value	N/A	N/A
Interest Rate Swap	—	Option model	Counterparty credit risk	6.80% - 9.12% (b)
Impaired Loans	715 (c)	Reserve study	Discount rate	10.00%
			Gas per MCF	$3.67 - $7.60 (d)
			Oil per BBL/d	$90.97 - $106.00 (d)
			NGL per gallon	$1.54 (d)
Other Real Estate Owned	187	Internal Valuation	N/A	N/A

(a) incorporates spread over risk free rate related primarily to credit quality and illiquidity of securities.

(b) represents the range of the credit spread curve used in valuation.

(c) the remainder of impaired loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.

(d) unobservable inputs are defined as follows: MCF - million cubic feet; BBL/d - barrels per day; NGL - natural gas liquid.

The significant unobservable inputs used in the fair value measurement of pooled trust preferred securities are the probability of default, discount rates and prepayment rates. Significant increases in the probability of default or discount rate used would result in a decrease in the estimated fair value of these securities while decreases in these variables would result in higher fair value measurements. In general, a change in the assumption of probability of default is accompanied by a directionally similar change in the discount rate. In most cases, increases in the prepayment rate assumptions would result in a higher estimated fair value for these securities while decreases would provide for a lower value. The direction of this change is somewhat dependent on the structure of the investment and the amount of the investment tranches senior to our position.

The discount rate is the significant unobservable input used in the fair value measurement of impaired loans. Significant increases in this rate would result in a decrease in the estimated fair value of the loans, while a decrease in this rate would result in higher fair value measurement. Other unobservable inputs in the fair value measurement of impaired loans relate to gas, oil and natural gas prices and increases in these rates would result in an increase in the estimated fair value of the loans, while a decrease in these prices would result in a lower fair value measurement.

The significant unobservable input used in the fair value measurement of interest rate swaps classified as Level 3 is counterparty credit risk and the resulting range of the credit spread curve used in the valuation. Higher credit risk would result in an increased credit spread, which would reduce the fair value of the interest rate swap.

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	28,036	$	—	$	28,036
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		978,185		—		978,185
Mortgage-Backed Securities - Commercial	—		126		—		126
Other Government-Sponsored Enterprises	—		265,296		—		265,296
Obligations of States and Political Subdivisions	—		83		—		83
Corporate Securities	—		6,984		—		6,984
Pooled Trust Preferred Collateralized Debt Obligations	—		—		25,869		25,869
Total Debt Securities	—		1,278,710		25,869		1,304,579
Equities	688		—		1,420		2,108
Total Securities Available for Sale	688		1,278,710		27,289		1,306,687
Other Investments	—		33,913		—		33,913
Loans held for sale	—		—		—		—
Other Assets(a)	—		14,121		—		14,121
Total Assets	$	688	$	1,326,744	$	27,289	$	1,354,721
Other Liabilities(a)	$	—	$	14,363	$	—	$	14,363
Total Liabilities	$	—	$	14,363	$	—	$	14,363

(a) Non-hedging interest rate derivatives

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential	$	—	$	31,664	$	—	$	31,664
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential	—		864,401		—		864,401
Mortgage-Backed Securities - Commercial	—		149		—		149
Other Government-Sponsored Enterprises	—		242,664		—		242,664
Obligations of States and Political Subdivisions	—		86		—		86
Corporate Securities	—		6,991		—		6,991
Pooled Trust Preferred Collateralized Debt Obligations	—		—		23,373		23,373
Total Debt Securities	—		1,145,955		23,373		1,169,328
Equities	555		—		1,420		1,975
Total Securities Available for Sale	555		1,145,955		24,793		1,171,303
Other Investments	—		28,228		—		28,228
Loans Held for Sale	—		—		—		—
Other Assets(a)	—		16,480		—		16,480
Total Assets	$	555	$	1,190,663	$	24,793	$	1,216,011
Other Liabilities(a)	$	—	$	18,726	$	—	$	18,726
Total Liabilities	$	—	$	18,726	$	—	$	18,726

(a) Non-hedging interest rate derivatives

For the six-months endedJune 30 changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	2013
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	23,373		$	1,420	$	—		$	—	$	24,793
Total gains or losses
Included in earnings	—			—		383			—		383
Included in other comprehensive income	5,683			—		—			—		5,683
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(20,518		)	—		(20,518		)
Settlements	(3,187		)	—		—			—		(3,187		)
Transfers into Level 3	—			—		20,135			—		20,135
Balance, end of period	$	25,869		$	1,420	$	—		$	—	$	27,289

	2012
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets			Total
	(dollars in thousands)
Balance, beginning of period	$	22,980		$	1,420	$	13,412		$	—		$	37,812
Total gains or losses
Included in earnings	—			—		2,870			(461		)	2,409
Included in other comprehensive income	1,580			—		—			—			1,580
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—			—
Issuances	—			—		—			—			—
Sales	—			—		(15,981		)	—			(15,981		)
Settlements	(2,768		)	—		(301		)	—			(3,069		)
Transfers into Level 3	—			—		—			461			461
Balance, end of period	$	21,792		$	1,420	$	—		$	—		$	23,212

For the six-months endedJune 30, 2013 and 2012, there were no transfers between fair value Levels 1 and 2. However, $20.1 million of loans were transferred into Level 3 from Level 2 during the six-months endedJune 30, 2013 due to the loans being transferred to a held for sale status. The loan sales related to three nonperforming relationships for which this was determined to be the appropriate exit strategy. Completion of the loan sales resulted in a $0.4 million gain for the period. For the six-months endedJune 30, 2012, $0.5 million of interest rate swaps were transferred into Level 3 from Level 2 due to deterioration of the counterparty’s credit risk below investment grade. There were no gains or losses included in earnings for the periods presented that are attributable to the change in realized gains (losses) relating to assets held at June 30, 2013 and 2012.

For the three-months endedJune 30 changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	2013
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	24,512		$	1,420	$	—		$	—	$	25,932
Total gains or losses
Included in earnings	—			—		257			—		257
Included in other comprehensive income	3,292			—		—			—		3,292
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(3,779		)	—		(3,779		)
Settlements	(1,935		)	—		—			—		(1,935		)
Transfers into Level 3	—			—		3,522			—		3,522
Balance, end of period	$	25,869		$	1,420	$	—		$	—	$	27,289

	2012
	Pooled Trust Preferred Collateralized Debt Obligations			Equities		Loans Held for Sale			Other Assets		Total
	(dollars in thousands)
Balance, beginning of period	$	24,508		$	1,420	$	8,076		$	—	34,004
Total gains or losses
Included in earnings	—			—		1,102			—		1,102
Included in other comprehensive income	(688		)	—		—			—		(688		)
Purchases, issuances, sales, and settlements
Purchases	—			—		—			—		—
Issuances	—			—		—			—		—
Sales	—			—		(9,172		)	—		(9,172		)
Settlements	(2,028		)	—		(6		)	—		(2,034		)
Transfers from Level 3	—			—		—			—		—
Balance, end of period	$	21,792		$	1,420	$	—		$	—	$	23,212

For the three-months endedJune 30, 2013 and 2012, there were no transfers between fair value Levels 1 and 2. However, $3.5 million of loans were transferred into Level 3 from Level 2 during the three-months endedJune 30, 2013 due to the loans being transferred to a held for sale status. The loan sale related to one nonperforming relationship for which this was determined to be the appropriate exit strategy. Completion of the loan sale resulted in a $0.3 million gain for the period. For the three-months endedJune 30, 2012, there were no transfers into Level 3 from Level 2. There were no gains or losses included in earnings for the periods presented that are attributable to the change in realized gains (losses) relating to assets held at June 30, 2013 and 2012.

The tables below present the balances of assets measured at fair value on a non-recurring basis at:

	June 30, 2013
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	55,903	$	7,540	$	63,443
Other real estate owned	—		17,116		187		17,303
Total Assets	$	—	$	73,019	$	7,727	$	80,746

	December 31, 2012
	Level 1		Level 2		Level 3		Total
	(dollars in thousands)
Impaired loans	$	—	$	82,949	$	6,827	$	89,776
Other real estate owned	—		11,981		247		12,228
Total Assets	$	—	$	94,930	$	7,074	$	102,004

The following losses were realized on the assets measured on a nonrecurring basis:

	For the Three-Months Ended June 30						For the Six-Months Ended June 30
	2013			2012			2013			2012
	(dollars in thousands)
Impaired loans	$	(10,806	)	$	(3,086	)	$	(11,086	)	$	(3,742	)
Other real estate owned	(241		)	(163		)	(362		)	(3,017		)
Total losses	$	(11,047	)	$	(3,249	)	$	(11,448	)	$	(6,759	)

Impaired loans over $0.1 million are individually reviewed to determine the amount of each loan considered to be at risk of non-collection. The fair value for impaired loans that are collateral based is determined by reviewing real property appraisals, equipment valuations, accounts receivable listings and other financial information. A discounted cash flow analysis is performed to determine fair value for impaired loans when an observable market price or a current appraisal is not available. First Commonwealth’s loan policy requires updated appraisals be obtained at least every twelve months on all impaired loans with balances of $250 thousand and over. For balances under $250 thousand, we rely on a broker-priced opinion.

The fair value for other real estate owned is determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement and is classified as Level 2. Other real estate owned has a book cost of $15.6 million as of June 30, 2013 and consisted primarily of a manufacturing plant in northern Pennsylvania, residential real estate in eastern Pennsylvania, and commercial real estate properties in both eastern and western Pennsylvania. We review whether events and circumstances subsequent to a transfer to other real estate owned have occurred that indicate the balance of those assets may not be recoverable. If events and circumstances indicate further impairment we will record a charge to the extent that the carrying value of the assets exceed their fair values, less estimated cost to sell, as determined by valuation techniques appropriate in the circumstances.

Certain other assets and liabilities, including goodwill and core deposit intangibles, are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Additional information related to goodwill is provided in Note 14, “Goodwill.” There were no other assets or liabilities measured at fair value on a non-recurring basis during the six-months endedJune 30, 2013.

FASB ASC 825-10, “Transition Related to FSP FAS 107-1” and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or non-recurring basis are as discussed above. The methodologies for other financial assets and financial liabilities are discussed below.

Cash and due from banks and interest-bearing bank deposits: The carrying amounts for cash and due from banks and interest-bearing bank deposits approximate the estimated fair values of such assets.

Securities: Fair values for securities available for sale are based on quoted market prices, if available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Pooled trust preferred collateralized debt obligations values are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. These valuations incorporate certain assumptions and projections in determining the fair value assigned to each instrument. The carrying value of other investments, which includes FHLB stock, is considered a reasonable estimate of fair value.

Loans held for sale: The fair value of loans held for sale is estimated utilizing a present value of future discounted cash flows of the loan utilizing a risk based expected return to discount the value unless a sales agreement has been executed, in which case the sales price would equal fair value.

Loans: The fair values of all loans are estimated by discounting the estimated future cash flows using interest rates currently offered for loans with similar terms to borrowers of similar credit quality adjusted for past due and nonperforming loans, which is not an exit price under FASB ASC Topic 820, “Fair Value Measurements and Disclosures.”

Off-balance sheet instruments: Many of First Commonwealth’s off-balance sheet instruments, primarily loan commitments and standby letters of credit, are expected to expire without being drawn upon; therefore, the commitment amounts do not necessarily represent future cash requirements. FASB ASC Topic 460, “Guarantees” clarified that a guarantor is required to recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee. The carrying amount and fair value for standby letters of credit was $0.1 million and $0.2 million at June 30, 2013 and December 31, 2012, respectively. See Note 6, “Commitments and Contingent Liabilities,” for additional information.

Deposit liabilities: Management estimates that the fair value of deposits is based on a market valuation of similar deposits. The carrying value of variable rate time deposit accounts and certificates of deposit approximate their fair values at the report date. Also, fair values of fixed rate time deposits for both periods are estimated by discounting the future cash flows using interest rates currently being offered and a schedule of aggregated expected maturities.

Short-term borrowings: The fair values of borrowings from the FHLB were estimated based on the estimated incremental borrowing rate for similar types of borrowings. The carrying amounts of other short-term borrowings such as federal funds purchased and securities sold under agreement to repurchase were used to approximate fair value due to the short-term nature of the borrowings.

Long-term debt and subordinated debt: The fair value of long-term debt and subordinated debt is estimated by discounting the future cash flows using First Commonwealth’s estimate of the current market rate for similar types of borrowing arrangements or an announced redemption price.

The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:

	June 30, 2013
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	77,485	$	77,485	$	77,485	$	—	$	—
Interest-bearing deposits	4,497		4,497		4,497		—		—
Securities available for sale	1,306,687		1,306,687		688		1,278,710		27,289
Other investments	33,913		33,913		—		33,913		—
Loans	4,229,752		4,276,416		—		55,903		4,220,513
Financial liabilities
Deposits	4,733,047		4,664,831		—		4,664,831		—
Short-term borrowings	441,848		441,838		—		441,838		—
Long-term debt	144,615		145,721		—		145,721		—
Subordinated debt	72,167		47,833		—		—		47,833

	December 31, 2012
			Fair Value Measurements Using:
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(dollars in thousands)
Financial assets
Cash and due from banks	$	98,724	$	98,724	$	98,724	$	—	$	—
Interest-bearing deposits	4,258		4,258		4,258		—		—
Securities available for sale	1,171,303		1,171,303		555		1,145,955		24,793
Other investments	28,228		28,228		—		28,228		—
Loans	4,204,704		4,245,114		—		82,949		4,162,165
Financial liabilities
Deposits	4,557,881		4,493,764		—		4,493,764		—
Short-term borrowings	356,227		356,221		—		356,221		—
Long-term debt	174,471		176,178		—		176,178		—
Subordinated debt	105,750		76,735		—		—		76,735

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 05, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	FCF
Entity Registrant Name	FIRST COMMONWEALTH FINANCIAL CORP /PA/
Entity Central Index Key	0000712537
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		96,442,161

XML

Derivatives

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Derivatives

First Commonwealth is a party to interest rate derivatives that are not designated as accounting hedges. These derivatives relate to interest rate swaps that First Commonwealth enters into with customers to allow customers to convert variable rate loans to a fixed rate. First Commonwealth pays interest to the customer at a floating rate on the notional amount and receives interest from the customer at a fixed rate for the same notional amount. At the same time the interest rate swap is entered into with the customer, an offsetting interest rate swap is entered into with another financial institution. First Commonwealth pays the other financial institution interest at the same fixed rate on the same notional amount as the swap entered into with the customer, and receives interest from the financial institution for the same floating rate on the same notional amount. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss of given default for all counterparties.

We have twelve risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution.

The fee received, less the estimate of the loss for the credit exposure, was recognized in earnings at the time of the transaction.

The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	June 30, 2013			December 31, 2012
	(dollars in thousands)
Credit value adjustment	$	(284	)	$	(2,207	)
Notional Amount:
Interest rate derivatives	279,920			223,448
Risk participation agreements	79,411			71,390
Sold credit protection on risk participation agreements	(19,383		)	—

The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in other income on the Condensed Consolidated Statements of Income:

	For the Three-Months Ended June 30				For the Six-Months Ended June 30
	2013		2012		2013		2012
	(dollars in thousands)
Non-hedging interest rate derivatives:
Increase in other income	$	78	$	144	$	1,067	$	750

XML

Loans and Allowance for Credit Losses - Allowance for Credit Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	$ 62,262	$ 60,732	$ 67,187	$ 61,234
Charge-offs	(16,136)	(3,749)	(26,612)	(8,741)
Recoveries	526	396	1,580	1,099
Provision for Loan, Lease, and Other Losses	10,800	4,297	15,297	8,084
Ending Balance	57,452	61,676	57,452	61,676
Ending balance: individually evaluated for impaired	9,655	11,734	9,655	11,734
Ending balance: collectively evaluated for impaired	47,797	49,942	47,797	49,942
Total	4,229,752	4,159,531	4,229,752	4,159,531	4,204,704
Ending balance: individually evaluated for impaired	66,826	80,590	66,826	80,590
Ending balance: collectively evaluated for impaired	4,162,926	4,078,941	4,162,926	4,078,941
Commercial Loan [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	20,275	18,143	19,852	18,200
Charge-offs	(13,683)	(1,754)	(14,221)	(3,668)
Recoveries	136	37	264	275
Provision for Loan, Lease, and Other Losses	9,847	2,876	10,680	4,495
Ending Balance	16,575	19,302	16,575	19,302
Ending balance: individually evaluated for impaired	6,627	8,046	6,627	8,046
Ending balance: collectively evaluated for impaired	9,948	11,256	9,948	11,256
Total	1,012,315	1,059,675	1,012,315	1,059,675	1,019,822
Ending balance: individually evaluated for impaired	24,592	31,271	24,592	31,271
Ending balance: collectively evaluated for impaired	987,723	1,028,404	987,723	1,028,404
Construction Loans [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	7,733	6,427	8,928	6,756
Charge-offs	(671)	(150)	(755)	(340)
Recoveries	47	36	59	92
Provision for Loan, Lease, and Other Losses	1,137	1,688	14	1,493
Ending Balance	8,246	8,001	8,246	8,001
Ending balance: individually evaluated for impaired	267	2,747	267	2,747
Ending balance: collectively evaluated for impaired	7,979	5,254	7,979	5,254
Total	66,243	77,442	66,243	77,442	87,438
Ending balance: individually evaluated for impaired	3,904	14,915	3,904	14,915
Ending balance: collectively evaluated for impaired	62,339	62,527	62,339	62,527
Residential Portfolio Segment [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	5,749	6,702	5,908	8,237
Charge-offs	(321)	(742)	(643)	(2,454)
Recoveries	89	149	812	282
Provision for Loan, Lease, and Other Losses	922	510	362	554
Ending Balance	6,439	6,619	6,439	6,619
Ending balance: individually evaluated for impaired	1,943	431	1,943	431
Ending balance: collectively evaluated for impaired	4,496	6,188	4,496	6,188
Total	1,269,830	1,213,610	1,269,830	1,213,610	1,241,565
Ending balance: individually evaluated for impaired	10,468	2,911	10,468	2,911
Ending balance: collectively evaluated for impaired	1,259,362	1,210,699	1,259,362	1,210,699
Commercial Real Estate Portfolio Segment [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	18,470	19,371	22,441	18,961
Charge-offs	(694)	(306)	(9,238)	(541)
Recoveries	11	28	108	186
Provision for Loan, Lease, and Other Losses	(1,659)	(1,455)	2,817	(968)
Ending Balance	16,128	17,638	16,128	17,638
Ending balance: individually evaluated for impaired	818	510	818	510
Ending balance: collectively evaluated for impaired	15,310	17,128	15,310	17,128
Total	1,280,784	1,232,270	1,280,784	1,232,270	1,273,661
Ending balance: individually evaluated for impaired	27,862	31,493	27,862	31,493
Ending balance: collectively evaluated for impaired	1,252,922	1,200,777	1,252,922	1,200,777
Consumer Loan [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	4,139	4,252	4,132	4,244
Charge-offs	(767)	(797)	(1,755)	(1,738)
Recoveries	243	146	337	264
Provision for Loan, Lease, and Other Losses	527	608	1,428	1,439
Ending Balance	4,142	4,209	4,142	4,209
Ending balance: individually evaluated for impaired	0	0	0	0
Ending balance: collectively evaluated for impaired	4,142	4,209	4,142	4,209
Total	600,580	576,534	600,580	576,534	582,218
Ending balance: individually evaluated for impaired	0	0	0	0
Ending balance: collectively evaluated for impaired	600,580	576,534	600,580	576,534
Unallocated [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	5,896	5,837	5,926	4,836
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for Loan, Lease, and Other Losses	26	70	(4)	1,071
Ending Balance	5,922	5,907	5,922	5,907
Ending balance: individually evaluated for impaired	0	0	0	0
Ending balance: collectively evaluated for impaired	$ 5,922	$ 5,907	$ 5,922	$ 5,907

XML

Loans and Allowance for Credit Losses - Troubled Debt Restructuring is 90 Days or More Past Due (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Contracts			4	0
Recorded Investment			$ 18	$ 0
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Contracts				0
Recorded Investment			9	0
Financing Receivable, Modification, Subsequent Default, Number of Contracts			1
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Contracts		0		0
Recorded Investment	$ 5	$ 0	$ 9	$ 0
Financing Receivable, Modification, Subsequent Default, Number of Contracts	2		3