XML 29 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Unearned ESOP Shares | 12 Months Ended
--- | ---
Dec. 31, 2011
Unearned ESOP Shares [Abstract] |
Unearned ESOP Shares | Note 24—Unearned ESOP Shares All employees with at least one year of service are eligible to participate in the ESOP. Contributions to the plan are determined by the Board of Directors and are based upon a prescribed percentage of the annual compensation of all participants. The ESOP acquired shares of First Commonwealth's common stock in a transaction whereby the ESOP Trust borrowed funds that were guaranteed by First Commonwealth. The borrowed amounts represent leveraged and unallocated shares, and accordingly have been recorded as long-term debt with the offset as a reduction of common shareholders' equity. Compensation costs related to the plan were $717 thousand, $783 thousand and $972 thousand in 2011, 2010 and 2009, respectively. First Commonwealth's ESOP borrowed funds that are guaranteed by First Commonwealth, and had a balance of $1.6 million at December 31, 2011 and $3.6 million at December 31, 2010. The loan is scheduled to be repaid in 2012 and payments will be made from contributions to the ESOP by First Commonwealth and from dividends on unallocated ESOP shares. The loan has been recorded as long-term debt in the Consolidated Statements of Financial Condition, with a like amount of unearned ESOP shares recorded as a reduction of shareholders' equity. The unearned ESOP shares included as a component of shareholders' equity represent First Commonwealth's prepayment of future compensation expense. The shares acquired by the ESOP are held in a suspense account and will be released to the ESOP for allocation to the plan participants as the debt is reduced. The following is an analysis of ESOP shares held in suspense and the fair value of those shares as of December 31:
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (dollars in thousands) |
Shares in suspense, beginning of the year |  |  | 237,106 |  |  |  | 375,925 |  |  |  | 512,117 |
Shares allocated |  |  | (132,445 | ) |  |  | (138,819 | ) |  |  | (136,192 | )
Shares acquired |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Shares in suspense, end of the year |  |  | 104,661 |  |  |  | 237,106 |  |  |  | 375,925 |
Fair market value of shares in suspense |  | $ | 550 |  |  | $ | 1,679 |  |  | $ | 1,748 |
Interest paid on the ESOP loan and dividends received on unallocated shares for the year ended December 31 were:
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (dollars in thousands) |
Interest paid on ESOP loan |  | $ | 38 |  |  | $ | 66 |  |  | $ | 95 |
Dividends on unallocated shares |  |  | 32 |  |  |  | 22 |  |  |  | 154 |
Dividends on unallocated shares were used for debt service while all dividends on allocated shares were allocated or paid to the participants.

X
- Details
Name: | fcf_UnearnedEsopSharesAbstract
Namespace Prefix: | fcf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the description of the plan, the basis for determining contributions, including the employee groups covered, and the nature and effect of significant matters affecting comparability of information for all periods presented. For leveraged ESOPs and pension reversion ESOPs, the disclosure may include the basis for releasing shares and how dividends on allocated and unallocated shares are used. Disclosure may also include a description of the accounting policies followed for ESOP transactions, including the method of measuring compensation, the classification of dividends on ESOP shares, and the treatment of ESOP shares for EPS computations. If the employer has both old ESOP shares for which it does not adopt the latest guidance and new ESOP shares for which the new guidance is required, the accounting policies for both blocks of shares may be described. Disclosure may also include he amount of compensation cost recognized during the period, the number of allocated shares, committed-to-be-released shares, and suspense shares held by the ESOP at the balance-sheet date, the fair value of unearned ESOP shares at the balance-sheet date for shares accounted for under the latest guidance, the existence and nature of any repurchase obligation, including disclosure of the fair value of the shares allocated as of the balance sheet date, which are subject to a repurchase obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 + Details
Name: | us-gaap_ScheduleOfEmployeeStockOwnershipPlanESOPDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration