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Fair Values of Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |  |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The tables below present the balances of assets and liabilities measured at fair value on a recurring basis at December 31:
| 2024
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (dollars in thousands)
Obligations of U.S. Government Agencies: |  |  |  |  |  |  |
Mortgage-Backed Securities—Residential | $ | — |  |  | $ | 2,898 |  |  | $ | — |  |  | $ | 2,898 |
Mortgage-Backed Securities—Commercial | — |  |  | 724,175 |  |  | — |  |  | 724,175 |
Obligations of U.S. Government-Sponsored Enterprises: |  |  |  |  |  |  |
Mortgage-Backed Securities—Residential | — |  |  | 350,584 |  |  | — |  |  | 350,584 |
Other Government-Sponsored Enterprises | — |  |  | 946 |  |  | — |  |  | 946 |
Obligations of States and Political Subdivisions | — |  |  | 7,527 |  |  | — |  |  | 7,527 |
Corporate Securities | — |  |  | 61,493 |  |  | — |  |  | 61,493 |
Total Securities Available for Sale | — |  |  | 1,147,623 |  |  | — |  |  | 1,147,623 |
Loans Held for Sale | — |  |  | 51,991 |  |  | — |  |  | 51,991 |
Other Assets (a) | — |  |  | 41,569 |  |  | — |  |  | 41,569 |
Total Assets | $ | — |  |  | $ | 1,241,183 |  |  | $ | — |  |  | $ | 1,241,183 |
Other Liabilities (a) | $ | — |  |  | $ | 51,983 |  |  | $ | — |  |  | $ | 51,983 |
Total Liabilities | $ | — |  |  | $ | 51,983 |  |  | $ | — |  |  | $ | 51,983 |
(a)Hedging and non-hedging interest rate derivatives
| 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (dollars in thousands)
Obligations of U.S. Government Agencies: |  |  |  |  |  |  |
Mortgage-Backed Securities—Residential | $ | — |  |  | $ | 3,465 |  |  | $ | — |  |  | $ | 3,465 |
Mortgage-Backed Securities—Commercial | — |  |  | 465,393 |  |  | — |  |  | 465,393 |
Obligations of U.S. Government-Sponsored Enterprises: |  |  |  |  |  |  |
Mortgage-Backed Securities—Residential | — |  |  | 494,599 |  |  | — |  |  | 494,599 |
Other Government-Sponsored Enterprises | — |  |  | 915 |  |  | — |  |  | 915 |
Obligations of States and Political Subdivisions | — |  |  | 8,202 |  |  | — |  |  | 8,202 |
Corporate Securities | — |  |  | 48,412 |  |  | — |  |  | 48,412 |
Total Securities Available for Sale | — |  |  | 1,020,986 |  |  | — |  |  | 1,020,986 |
Loans Held for Sale | — |  |  | 29,820 |  |  | — |  |  | 29,820 |
Other Assets (a) | — |  |  | 32,668 |  |  | — |  |  | 32,668 |
Total Assets | $ | — |  |  | $ | 1,083,474 |  |  | $ | — |  |  | $ | 1,083,474 |
Other Liabilities (a) | $ | — |  |  | $ | 58,167 |  |  | $ | — |  |  | $ | 58,167 |
Total Liabilities | $ | — |  |  | $ | 58,167 |  |  | $ | — |  |  | $ | 58,167 |
| [1]
Schedule of Assets Measured on Nonrecurring Basis | The tables below present the balances of assets measured at fair value on a nonrecurring basis at December 31 and total gains and losses realized on these assets during the year ended December 31:
| 2024
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Total Gains (Losses)
| (dollars in thousands)
Nonperforming loans | $ | — |  |  | $ | 39,407 |  |  | $ | 14,084 |  |  | $ | 53,491 |  |  | $ | (16,287) |
Other real estate owned | — |  |  | 1,215 |  |  | — |  |  | 1,215 |  |  | (29) |
Total Assets | $ | — |  |  | $ | 40,622 |  |  | $ | 14,084 |  |  | $ | 54,706 |  |  | $ | (16,316) |
| 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Total Gains (Losses)
| (dollars in thousands)
Nonperforming loans | $ | — |  |  | $ | 25,215 |  |  | $ | 9,708 |  |  | $ | 34,923 |  |  | $ | (6,606) |
Other real estate owned | — |  |  | 609 |  |  | — |  |  | 609 |  |  | (6) |
Total Assets | $ | — |  |  | $ | 25,824 |  |  | $ | 9,708 |  |  | $ | 35,532 |  |  | $ | (6,612) |
Carrying Amounts and Fair Values of Financial Instruments | The following table presents carrying amounts and estimated fair values of First Commonwealth’s financial instruments at December 31:
| 2024
|  |  | Fair Value Measurements Using:
| Carrying Amount |  | Total |  | Level 1 |  | Level 2 |  | Level 3
| (dollars in thousands)
Financial assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 105,051 |  |  | $ | 105,051 |  |  | $ | 105,051 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits | 28,358 |  |  | 28,358 |  |  | 28,358 |  |  | — |  |  | — |
Securities available for sale | 1,147,623 |  |  | 1,147,623 |  |  | — |  |  | 1,147,623 |  |  | — |
Securities held to maturity | 405,639 |  |  | 336,719 |  |  | — |  |  | 336,719 |  |  | — |
Other investments | 30,954 |  |  | 30,954 |  |  | — |  |  | 25,222 |  |  | 5,732 |
Loans held for sale | 51,991 |  |  | 52,219 |  |  | — |  |  | 52,219 |  |  | — |
Loans and leases | 8,983,754 |  |  | 8,999,020 |  |  | — |  |  | 39,407 |  |  | 8,959,613 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | 9,678,019 |  |  | 9,672,358 |  |  | — |  |  | 9,672,358 |  |  | — |
Short-term borrowings | 80,139 |  |  | 79,151 |  |  | — |  |  | 79,151 |  |  | — |
Long-term debt | 130,353 |  |  | 129,880 |  |  | — |  |  | 129,880 |  |  | — |
Subordinated debt | 128,305 |  |  | 115,747 |  |  | — |  |  | — |  |  | 115,747 |
Capital lease obligation | 4,327 |  |  | 4,327 |  |  | — |  |  | 4,327 |  |  | — |
| 2023
|  |  | Fair Value Measurements Using:
| Carrying Amount |  | Total |  | Level 1 |  | Level 2 |  | Level 3
| (dollars in thousands)
Financial assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 125,436 |  |  | $ | 125,436 |  |  | $ | 125,436 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits | 21,557 |  |  | 21,557 |  |  | 21,557 |  |  | — |  |  | — |
Securities available for sale | 1,020,986 |  |  | 1,020,986 |  |  | — |  |  | 1,020,986 |  |  | — |
Securities held to maturity | 419,009 |  |  | 350,595 |  |  | — |  |  | 350,595 |  |  | — |
Other investments | 50,871 |  |  | 50,871 |  |  | — |  |  | 44,689 |  |  | 6,182 |
Loans held for sale | 29,820 |  |  | 29,820 |  |  | — |  |  | 29,820 |  |  | — |
Loans and leases | 8,968,761 |  |  | 8,860,736 |  |  | — |  |  | 25,215 |  |  | 8,835,521 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | 9,192,309 |  |  | 9,187,655 |  |  | — |  |  | 9,187,655 |  |  | — |
Short-term borrowings | 597,835 |  |  | 594,670 |  |  | — |  |  | 594,670 |  |  | — |
Long-term debt | 4,122 |  |  | 4,041 |  |  | — |  |  | 4,041 |  |  | — |
Subordinated debt | 177,741 |  |  | 151,525 |  |  | — |  |  | — |  |  | 151,525 |
Capital lease obligation | 4,894 |  |  | 4,894 |  |  | — |  |  | 4,894 |  |  | — |
[1] | Hedging and non-hedging interest rate derivatives

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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