XML 75 R60.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Statements of Financial Condition |
Statements of Financial Condition | December 31,
| 2015 |  | 2014
| (dollars in thousands)
Assets |  |  |
Cash | $ | 10,003 |  |  | $ | 10,402 |
Loans | 22 |  |  | 24 |
Investment in subsidiaries | 719,073 |  |  | 712,610 |
Investment in unconsolidated subsidiary trusts | 2,182 |  |  | 2,182 |
Investment in jointly-owned company | 8,978 |  |  | 8,749 |
Premises and equipment, net | 3,780 |  |  | 4,287 |
Receivable from subsidiaries | 441 |  |  | — |
Dividends receivable from subsidiaries | 714 |  |  | — |
Other assets | 47,631 |  |  | 50,988 |
Total assets | $ | 792,824 |  |  | $ | 789,242 |
Liabilities and Shareholders’ Equity |  |  |
Accrued expenses and other liabilities | $ | 1,111 |  |  | $ | 930 |
Subordinated debentures payable | 72,167 |  |  | 72,167 |
Shareholders’ equity | 719,546 |  |  | 716,145 |
Total liabilities and shareholders’ equity | $ | 792,824 |  |  | $ | 789,242 |
Statements of Operations |
Statements of Income | For the years ended December 31,
| 2015 |  | 2014 |  | 2013
| (dollars in thousands)
Interest and dividends | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Dividends from subsidiaries | 49,917 |  |  | 49,207 |  |  | 65,140 |
Interest expense | (2,357 | ) |  | (2,335 | ) |  | (3,128 | )
Other income | 232 |  |  | 1,251 |  |  | 2,653 |
Operating expense | (4,989 | ) |  | (6,766 | ) |  | (8,820 | )
Income (loss) before taxes and equity in undistributed (loss) earnings of subsidiaries | 42,804 |  |  | 41,358 |  |  | 55,846 |
Applicable income tax benefits | 2,528 |  |  | 2,968 |  |  | 3,384 |
Income before equity in undistributed (loss) earnings of subsidiaries | 45,332 |  |  | 44,326 |  |  | 59,230 |
Equity in undistributed earnings (loss) of subsidiaries | 4,811 |  |  | 127 |  |  | (17,748 | )
Net income | $ | 50,143 |  |  | $ | 44,453 |  |  | $ | 41,482 |
Statements of Cash Flow |
| For the years ended December 31,
Statements of Cash Flow | 2015 |  | 2014 |  | 2013
| (dollars in thousands)
Operating Activities |  |  |  |  |
Net income | $ | 50,143 |  |  | $ | 44,453 |  |  | $ | 41,482 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 493 |  |  | 2,150 |  |  | 3,030 |
Net gain (loss) on sales of assets | 240 |  |  | — |  |  | 17 |
(Increase) decrease in prepaid income taxes | (6,993 | ) |  | (487 | ) |  | 3,044 |
Undistributed equity in subsidiaries | (4,811 | ) |  | (127 | ) |  | 17,748 |
Other net | 10,753 |  |  | 13,077 |  |  | 12,964 |
Net cash provided by operating activities | 49,825 |  |  | 59,066 |  |  | 78,285 |
Investing Activities |  |  |  |  |
Net change in loans | 2 |  |  | 3 |  |  | 4 |
Purchases of premises and equipment | 54 |  |  | (47 | ) |  | (123 | )
Proceeds from sale of other assets | — |  |  | 13 |  |  | 1,132 |
Net cash (used in) provided by investing activities | 56 |  |  | (31 | ) |  | 1,013 |
Financing Activities |  |  |  |  |
Repayments of subordinated debenture | — |  |  | — |  |  | (34,702 | )
Discount on dividend reinvestment plan purchases | — |  |  | (65 | ) |  | (112 | )
Dividends paid | (25,089 | ) |  | (26,174 | ) |  | (22,344 | )
Proceeds from reissuance of treasury stock | 192 |  |  | 192 |  |  | 176 |
Purchase of treasury stock | (25,383 | ) |  | (30,956 | ) |  | (33,439 | )
Net cash used in financing activities | (50,280 | ) |  | (57,003 | ) |  | (90,421 | )
Net increase (decrease) in cash | (399 | ) |  | 2,032 |  |  | (11,123 | )
Cash at beginning of year | 10,402 |  |  | 8,370 |  |  | 19,493 |
Cash at end of year | $ | 10,003 |  |  | $ | 10,402 |  |  | $ | 8,370 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration