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Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) (Tables) | 12 Months Ended
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Dec. 31, 2012
Statements of Financial Condition |
Statements of Financial Condition |  | December 31, |
|  | 2012 |  |  | 2011 |
|  | (dollars in thousands) |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 19,493 |  |  | $ | 6,376 |
Loans to affiliated parties |  |  | 30 |  |  |  | 34 |
Investment in subsidiaries |  |  | 736,165 |  |  |  | 751,702 |
Investment in unconsolidated subsidiary trusts |  |  | 3,291 |  |  |  | 3,291 |
Investment in jointly-owned company |  |  | 8,347 |  |  |  | 8,007 |
Premises and equipment, net |  |  | 9,347 |  |  |  | 14,196 |
Recievable from subsidiaries |  |  | 1,583 |  |  |  | 2,545 |
Dividends receivable |  |  | 1,205 |  |  |  | 0 |
Other assets |  |  | 76,715 |  |  |  | 85,833 |
Total assets |  | $ | 856,176 |  |  | $ | 871,984 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 4,419 |  |  | $ | 6,091 |
Loans payable |  |  | 0 |  |  |  | 1,600 |
Subordinated debentures payable |  |  | 105,750 |  |  |  | 105,750 |
Shareholders’ equity |  |  | 746,007 |  |  |  | 758,543 |
Total liabilities and shareholders’ equity |  | $ | 856,176 |  |  | $ | 871,984 |
Statements of Operations |
Statements of Operations |  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (dollars in thousands) |
Interest and dividends |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Dividends from subsidiaries |  |  | 64,342 |  |  |  | 10,321 |  |  |  | 3,190 |
Interest expense |  |  | (5,711 | ) |  |  | (5,605 | ) |  |  | (5,658 | )
Other income |  |  | 12,581 |  |  |  | 30,595 |  |  |  | 28,789 |
Operating expense |  |  | (19,061 | ) |  |  | (44,057 | ) |  |  | (42,786 | )
Income (loss) before taxes and equity in undistributed earnings of subsidiaries |  |  | 52,152 |  |  |  | (8,745 | ) |  |  | (16,464 | )
Applicable income tax benefits |  |  | 4,364 |  |  |  | 6,618 |  |  |  | 6,790 |
Income (loss) before equity in undistributed earnings of subsidiaries |  |  | 56,516 |  |  |  | (2,127 | ) |  |  | (9,674 | )
Equity in undistributed (loss) earnings of subsidiaries |  |  | (14,562 | ) |  |  | 17,401 |  |  |  | 32,652 |
Net income |  | $ | 41,954 |  |  | $ | 15,274 |  |  | $ | 22,978 |
Statements of Cash Flow |
Statements of Cash Flow |  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (dollars in thousands) |
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 41,954 |  |  | $ | 15,274 |  |  | $ | 22,978 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 3,719 |  |  |  | 3,730 |  |  |  | 3,658 |
Net gain on sales of assets |  |  | (107 | ) |  |  | (1,069 | ) |  |  | (3 | )
(Increase) decrease in prepaid income taxes |  |  | (3,044 | ) |  |  | 0 |  |  |  | 23 |
Undistributed equity in subsidiaries |  |  | 14,562 |  |  |  | (17,401 | ) |  |  | (32,652 | )
Other net |  |  | 8,789 |  |  |  | 1,649 |  |  |  | 9,029 |
Net cash provided by operating activities |  |  | 65,873 |  |  |  | 2,183 |  |  |  | 3,033 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Net change in loans to affiliated parties |  |  | 4 |  |  |  | 5 |  |  |  | 7 |
Purchases of premises and equipment |  |  | (3,005 | ) |  |  | (5,736 | ) |  |  | (3,026 | )
Proceeds from sale of other assets |  |  | 4,309 |  |  |  | 1,461 |  |  |  | 15 |
Additional investment in subsidiary |  |  | 0 |  |  |  | 0 |  |  |  | (70,000 | )
Net cash provided by (used in) investing activities |  |  | 1,308 |  |  |  | (4,270 | ) |  |  | (73,004 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of common stock |  |  | 0 |  |  |  | 144 |  |  |  | 83,913 |
Discount on dividend reinvestment plan purchases |  |  | (92 | ) |  |  | (63 | ) |  |  | (33 | )
Dividends paid |  |  | (18,759 | ) |  |  | (12,558 | ) |  |  | (5,306 | )
Proceeds from reissuance of treasury stock |  |  | 1,028 |  |  |  | 72 |  |  |  | 4,248 |
Purchase of treasury stock |  |  | (36,242 | ) |  |  | (9 | ) |  |  | (9 | )
Stock option tax benefit |  |  | 1 |  |  |  | 6 |  |  |  | 0 |
Net cash (used in) provided by financing activities |  |  | (54,064 | ) |  |  | (12,408 | ) |  |  | 82,813 |
Net increase (decrease) in cash |  |  | 13,117 |  |  |  | (14,495 | ) |  |  | 12,842 |
Cash at beginning of year |  |  | 6,376 |  |  |  | 20,871 |  |  |  | 8,029 |
Cash at end of year |  | $ | 19,493 |  |  | $ | 6,376 |  |  | $ | 20,871 |

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