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Other Long-Term Debt | 12 Months Ended
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Dec. 31, 2011
Other Long-Term Debt [Abstract] |
Other Long-Term Debt | Note 20—Other Long-term Debt Other long-term debt at December 31 follows:
|  | 2011 |  |  | 2010 |
|  | Amount |  |  | Weighted Average Contractual Rate |  |  | Weighted Average Effective Rate |  |  | Amount |  |  | Weighted Average Contractual Rate |  |  | Weighted Average Effective Rate |
|  | (dollars in thousands) |
ESOP loan due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,000 |  |  |  | LIBOR + 1.00 | % |  |  | LIBOR + 1.00 | %
2012 |  | $ | 1,600 |  |  |  | LIBOR + 1.00 | % |  |  | LIBOR + 1.00 | % |  |  | 1,600 |  |  |  | LIBOR + 1.00 |  |  |  | LIBOR + 1.00 |
Borrowings from FHLB due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 24,685 |  |  |  | 5.22 |  |  |  | 5.19 |
2012 |  |  | 25,585 |  |  |  | 1.54 |  |  |  | 1.53 |  |  |  | 25,593 |  |  |  | 2.43 |  |  |  | 2.42 |
2013 |  |  | 30,085 |  |  |  | 2.32 |  |  |  | 2.32 |  |  |  | 30,086 |  |  |  | 3.03 |  |  |  | 3.02 |
2014 |  |  | 7,891 |  |  |  | 5.37 |  |  |  | 5.35 |  |  |  | 7,892 |  |  |  | 5.37 |  |  |  | 5.35 |
2015 |  |  | 29,970 |  |  |  | 1.37 |  |  |  | 1.37 |  |  |  | 371 |  |  |  | 4.66 |  |  |  | 4.66 |
2016 |  |  | 388 |  |  |  | 4.64 |  |  |  | 4.64 |  |  |  |  |  |  |  |  |  |  |  |  |
Thereafter |  |  | 6,145 |  |  |  | 4.66 |  |  |  | 4.66 |  |  |  | 6,521 |  |  |  | 4.66 |  |  |  | 4.66 |
Total |  | $ | 101,664 |  |  |  |  |  |  |  |  |  |  | $ | 98,748 |  |  |  |  |  |  |  |  |
The weighted average contractual rate reflects the rate due to creditors. The weighted average effective rate of long-term debt in the schedule above includes the effect of purchase accounting valuation adjustments that were recorded in connection with prior business combinations. An FHLB advance in the amount of $7.5 million is convertible on a quarterly basis at the FHLB's option into floating rate debt indexed to 3 month LIBOR. All of First Commonwealth's Federal Home Loan Bank stock, along with an interest in mortgage loans and mortgage backed securities—residential has been pledged as collateral with the Federal Home Loan Bank of Pittsburgh. Capital securities included in total long-term debt on the Consolidated Statements of Financial Condition are excluded from the above, but are described in Note 19 "Subordinated Debentures." Scheduled loan payments for other long-term debt are summarized below:
|  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2015 |  |  | 2016 |  |  | Thereafter |  |  | Total |
|  | (dollars in thousands) |
Long-term debt payments |  | $ | 27,072 |  |  | $ | 29,968 |  |  | $ | 7,854 |  |  | $ | 29,970 |  |  | $ | 388 |  |  | $ | 6,145 |  |  | $ | 101,397 |
Purchase valuation amortization |  |  | 113 |  |  |  | 117 |  |  |  | 37 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 267 |
Total |  | $ | 27,185 |  |  | $ | 30,085 |  |  | $ | 7,891 |  |  | $ | 29,970 |  |  | $ | 388 |  |  | $ | 6,145 |  |  | $ | 101,664 |
The amounts on the purchase valuation amortization row in the table above include fair market adjustments from prior business combinations.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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