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Investments, Equity Method and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | As of December 31, First Commonwealth's investment in and unfunded commitment to these partnerships are as follows:
| 2024 |  | 2023
| (dollars in thousands)
Investment |  |  |
SBIC | $ | 15,081 |  |  | $ | 12,029 |
LIHTC | 11,737 |  |  | 12,590 |
CDFI | 7,339 |  |  | 1,939 |
Other | 604 |  |  | 579 |
Total limited investment partnerships | $ | 34,761 |  |  | $ | 27,137 |
Unfunded commitment |
SBIC | $ | 10,804 |  |  | $ | 14,018 |
LIHTC | 4,979 |  |  | 7,196 |
CDFI | 3,761 |  |  | 2,811 |
Other | 60 |  |  | 74 |
Total unfunded commitment | $ | 19,604 |  |  | $ | 24,099 |
Tax Expenses and Benefits Recognized | The amortization and tax benefits attributed to these partnerships, which include low-income housing and historic tax credits, are as follows as of December 31:
| 2024 |  | 2023 |  | 2022
| (dollars in thousands)
Proportional amortization expense included in the provision for income taxes | $ | 795 |  |  | $ | 1,223 |  |  | $ | 931 |
Tax credits and other tax benefits recognized | 853 |  |  | 631 |  |  | 162 |
Equity Method Investments - Unfunded Commitments | The following table presents the scheduled equity commitments to be paid to LIHTC limited partnerships over the next five years and in the aggregate thereafter as of December 31, 2024:
2025 | $ | 2,763 |
2026 | 901 |
2027 | 234 |
2028 | 199 |
2029 | 181 |
Thereafter | 701 |
Total | $ | 4,979 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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