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Regulatory Restrictions and Capital Adequacy | 12 Months Ended
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Dec. 31, 2012
Regulatory Restrictions and Capital Adequacy | Note 28—Regulatory Restrictions and Capital Adequacy The amount of funds available to the parent from its subsidiary bank is limited by restrictions imposed on all financial institutions by banking regulators. The dividend restrictions have not had, and are not expected to have, a significant impact on First Commonwealth’s ability to meet its cash obligations. Cash dividends declared per common share were $0.18 for 2012 and $0.12 for 2011. 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 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. Quantitative measures established by regulation 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 December 31, 2012, First Commonwealth and its banking subsidiary met all capital adequacy requirements to which they are subject. As of December 31, 2012, First Commonwealth Bank was considered well capitalized under the regulatory framework for prompt corrective action. To be considered well capitalized, the bank 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 Guidelines |
|  | Capital Amount |  |  | Ratio |  |  | Capital Amount |  |  | Ratio |  |  | Capital Amount |  |  | Ratio |
|  | (dollars in thousands) |
As of December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 708,583 |  |  |  | 14.53 | % |  | $ | 390,173 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 669,131 |  |  |  | 13.75 |  |  |  | 389,421 |  |  |  | 8.00 |  |  | $ | 486,776 |  |  |  | 10.00 | %
Teir I Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 647,460 |  |  |  | 13.28 | % |  | $ | 195,087 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 608,176 |  |  |  | 12.49 |  |  |  | 194,710 |  |  |  | 4.00 |  |  | $ | 292,066 |  |  |  | 6.00 | %
Tier I Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 647,460 |  |  |  | 11.24 | % |  | $ | 230,322 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 608,176 |  |  |  | 10.64 |  |  |  | 228,544 |  |  |  | 4.00 |  |  | $ | 285,680 |  |  |  | 5.00 | %
As of December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 720,307 |  |  |  | 14.71 | % |  | $ | 391,709 |  |  |  | 8.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 689,333 |  |  |  | 14.13 |  |  |  | 390,172 |  |  |  | 8.00 |  |  | $ | 487,715 |  |  |  | 10.00 | %
Teir I Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 659,083 |  |  |  | 13.46 | % |  | $ | 195,855 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 628,346 |  |  |  | 12.88 |  |  |  | 195,086 |  |  |  | 4.00 |  |  | $ | 292,629 |  |  |  | 6.00 | %
Tier I Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First Commonwealth Financial Corporation |  | $ | 659,083 |  |  |  | 11.91 | % |  | $ | 221,444 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
First Commonwealth Bank |  |  | 628,346 |  |  |  | 11.44 |  |  |  | 219,627 |  |  |  | 4.00 |  |  | $ | 274,534 |  |  |  | 5.00 | %

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958572-112826 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958573-112826 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-DEP -Paragraph 15, 16, 17 -IssueDate 2006-05-01 -Chapter 17 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958574-112826 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958570-112826 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=7881181&loc=d3e65071-112826 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958569-112826 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958575-112826 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958577-112826 + Details
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