Other Long-term Debt

12 Months Ended

Dec. 31, 2015

Other long-term debt at December 31 follows:



	2015						2014
	Amount		Weighted Average Contractual Rate		Weighted Average Effective Rate		Amount		Weighted Average Contractual Rate		Weighted Average Effective Rate
	(dollars in thousands)
Borrowings from FHLB due:
2015							$	80,142	0.82	%	0.82	%
2016	$	563	3.82	%	3.82	%	563		3.82		3.82
2017	585		3.83		3.83		585		3.83		3.83
2018	607		3.83		3.83		607		3.83		3.83
2019	631		3.83		3.83		631		3.84		3.84
2020	659		3.84		3.84
Thereafter	6,269		3.81		3.81		6,931		3.81		3.81
Total	$	9,314					$	89,459

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.

All of First Commonwealth’s Federal Home Loan Bank stock, along with an interest in mortgage loans and residential mortgage backed securities, 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 16, “Subordinated Debentures.”