Companies: 10,793     total market cap: $134.403 T
โ‚ฌEUR๐Ÿ‡ช๐Ÿ‡บโ‚นINR๐Ÿ‡ฎ๐Ÿ‡ณยฃGBP๐Ÿ‡ฌ๐Ÿ‡ง$CAD๐Ÿ‡จ๐Ÿ‡ฆ$AUD๐Ÿ‡ฆ๐Ÿ‡บ$NZD๐Ÿ‡ณ๐Ÿ‡ฟ$HKD๐Ÿ‡ญ๐Ÿ‡ฐ$SGD๐Ÿ‡ธ๐Ÿ‡ฌ
First Commonwealth Financial Corp
FCF
#4873
Rank
$1.82 B
Marketcap
๐Ÿ‡บ๐Ÿ‡ธ United States
Country
$17.88
Share price
0.62%
Change (1 day)
29.10%
Change (1 year)
๐Ÿฆ Banks๐Ÿ’ณ Financial services
Categories
  1. First Commonwealth Financial Corp
  2. Quarterly Reports (10-Q)
  3. Financial Year FY2023 Q1

First Commonwealth Financial Corp - 10-Q quarterly report FY2023 Q1


Text size:
false2023Q1FIRST COMMONWEALTH FINANCIAL CORP /PA/000071253712/3100007125372023-01-012023-03-3100007125372023-05-09xbrli:shares00007125372023-03-31iso4217:USD00007125372022-12-31iso4217:USDxbrli:shares00007125372022-01-012022-03-310000712537us-gaap:CommonStockMember2022-12-310000712537us-gaap:AdditionalPaidInCapitalMember2022-12-310000712537us-gaap:RetainedEarningsMember2022-12-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000712537us-gaap:TreasuryStockCommonMember2022-12-310000712537us-gaap:RetainedEarningsMember2023-01-012023-03-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000712537us-gaap:CommonStockMember2023-01-012023-03-310000712537us-gaap:TreasuryStockCommonMember2023-01-012023-03-310000712537us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310000712537us-gaap:CommonStockMember2023-03-310000712537us-gaap:AdditionalPaidInCapitalMember2023-03-310000712537us-gaap:RetainedEarningsMember2023-03-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310000712537us-gaap:TreasuryStockCommonMember2023-03-310000712537us-gaap:CommonStockMember2021-12-310000712537us-gaap:AdditionalPaidInCapitalMember2021-12-310000712537us-gaap:RetainedEarningsMember2021-12-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000712537us-gaap:TreasuryStockCommonMember2021-12-3100007125372021-12-310000712537us-gaap:RetainedEarningsMember2022-01-012022-03-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000712537us-gaap:CommonStockMember2022-01-012022-03-310000712537us-gaap:TreasuryStockCommonMember2022-01-012022-03-310000712537us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000712537us-gaap:CommonStockMember2022-03-310000712537us-gaap:AdditionalPaidInCapitalMember2022-03-310000712537us-gaap:RetainedEarningsMember2022-03-310000712537us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000712537us-gaap:TreasuryStockCommonMember2022-03-3100007125372022-03-310000712537fcf:CentricBankMember2023-02-012023-02-010000712537fcf:CentricBankMember2023-02-0100007125372023-02-012023-02-0100007125372023-02-01utr:Rate0000712537fcf:CentricBankMemberus-gaap:CommercialLoanMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:ConstructionMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:ConstructionOtherMemberus-gaap:ConstructionMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:ResidentialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:CommercialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:CommercialRealEstateMembersrt:MultifamilyMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:ConsumerLoanMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-02-012023-02-010000712537fcf:CentricBankMemberus-gaap:ConstructionLoansMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-02-012023-02-010000712537fcf:CentricBankMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-02-012023-02-010000712537fcf:OtherConsumerLoansMemberfcf:CentricBankMemberus-gaap:ConsumerLoanMember2023-02-012023-02-010000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2023-01-012023-03-310000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-01-012022-03-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-12-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-12-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-03-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-03-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-03-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-03-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-03-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-03-310000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2023-03-310000712537us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310000712537us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-03-310000712537us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-03-310000712537us-gaap:RestrictedStockMember2023-01-012023-03-310000712537us-gaap:RestrictedStockMembersrt:MinimumMember2023-01-012023-03-310000712537srt:MaximumMemberus-gaap:RestrictedStockMember2023-01-012023-03-310000712537us-gaap:RestrictedStockMember2022-01-012022-03-310000712537us-gaap:RestrictedStockMembersrt:MinimumMember2022-01-012022-03-310000712537srt:MaximumMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000712537fcf:RestrictedStockUnitsMember2023-01-012023-03-310000712537fcf:RestrictedStockUnitsMembersrt:MinimumMember2023-01-012023-03-310000712537srt:MaximumMemberfcf:RestrictedStockUnitsMember2023-01-012023-03-310000712537fcf:RestrictedStockUnitsMember2022-01-012022-03-310000712537fcf:RestrictedStockUnitsMembersrt:MinimumMember2022-01-012022-03-310000712537srt:MaximumMemberfcf:RestrictedStockUnitsMember2022-01-012022-03-310000712537us-gaap:CommitmentsToExtendCreditMember2023-03-310000712537us-gaap:CommitmentsToExtendCreditMember2022-12-310000712537us-gaap:FinancialStandbyLetterOfCreditMember2023-03-310000712537us-gaap:FinancialStandbyLetterOfCreditMember2022-12-310000712537us-gaap:PerformanceGuaranteeMember2023-03-310000712537us-gaap:PerformanceGuaranteeMember2022-12-310000712537fcf:CommercialLettersOfCreditMember2023-03-310000712537fcf:CommercialLettersOfCreditMember2022-12-310000712537srt:MinimumMember2023-03-310000712537srt:MaximumMember2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomain2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomain2022-12-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMember2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMember2022-12-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMember2023-03-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMember2022-12-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2023-03-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2022-12-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000712537us-gaap:CorporateDebtSecuritiesMember2023-03-310000712537us-gaap:CorporateDebtSecuritiesMember2022-12-310000712537us-gaap:DebtSecuritiesMember2023-03-310000712537us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000712537us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310000712537us-gaap:SalesMember2023-01-012023-03-310000712537us-gaap:SalesMember2022-01-012022-03-310000712537fcf:MaturitiesMember2023-01-012023-03-310000712537fcf:MaturitiesMember2022-01-012022-03-310000712537us-gaap:CommercialMortgageBackedSecuritiesMember2023-03-310000712537us-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000712537us-gaap:ForeignGovernmentDebtSecuritiesMember2023-03-310000712537us-gaap:ForeignGovernmentDebtSecuritiesMember2022-12-310000712537us-gaap:EquitySecuritiesMember2022-01-012022-03-310000712537us-gaap:EquitySecuritiesMember2023-01-012023-03-310000712537fcf:USGovernmentAgenciesDebtSecuritiesCommercialMember2023-03-31xbrli:pure0000712537us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000712537fcf:CorporateSecuritiesMember2022-12-310000712537fcf:NetDeferredFeesMember2023-03-310000712537fcf:NetDeferredFeesMember2022-12-310000712537fcf:UnearnedPremiumsAndDiscountsMember2023-03-310000712537fcf:UnearnedPremiumsAndDiscountsMember2022-12-310000712537us-gaap:CommercialLoanMember2023-03-310000712537us-gaap:CommercialLoanMember2022-12-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2022-12-310000712537srt:WeightedAverageMember2023-01-012023-03-310000712537srt:MaximumMember2023-01-012023-03-310000712537us-gaap:PassMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:PassMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CriticizedMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:SubstandardMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:DoubtfulMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:CriticizedMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:DoubtfulMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:CriticizedMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:ConstructionMemberus-gaap:PassMember2023-03-310000712537us-gaap:SpecialMentionMemberus-gaap:ConstructionMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:ConstructionMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:ConstructionMember2023-03-310000712537us-gaap:ConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:ConstructionMember2023-03-310000712537us-gaap:ConstructionMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SubstandardMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:DoubtfulMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:CriticizedMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:DoubtfulMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:CriticizedMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:PassMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:PassMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMember2023-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:PassMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberus-gaap:ConsumerLoanMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:DoubtfulMemberus-gaap:ConsumerLoanMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:CriticizedMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:PassMember2023-03-310000712537us-gaap:SpecialMentionMember2023-03-310000712537us-gaap:SubstandardMember2023-03-310000712537us-gaap:DoubtfulMember2023-03-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310000712537us-gaap:CriticizedMember2023-03-310000712537us-gaap:PassMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:PassMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:DoubtfulMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:CriticizedMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:SubstandardMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:DoubtfulMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:CriticizedMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SpecialMentionMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:DoubtfulMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:CriticizedMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:ConstructionMemberus-gaap:PassMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:ConstructionMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:ConstructionMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:ConstructionMember2022-12-310000712537us-gaap:ConstructionMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:ConstructionMember2022-12-310000712537us-gaap:ConstructionMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:SubstandardMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:DoubtfulMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:CriticizedMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:DoubtfulMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:CriticizedMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:PassMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:PassMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMember2022-12-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:CriticizedMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:PassMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:DoubtfulMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:CriticizedMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:SpecialMentionMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberus-gaap:ConsumerLoanMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:DoubtfulMemberus-gaap:ConsumerLoanMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:CriticizedMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:PassMember2022-12-310000712537us-gaap:SpecialMentionMember2022-12-310000712537us-gaap:SubstandardMember2022-12-310000712537us-gaap:DoubtfulMember2022-12-310000712537us-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-12-310000712537us-gaap:CriticizedMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:PassMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:PassMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:CommercialCreditCardsMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:CommercialCreditCardsMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:SubstandardMemberfcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:EquipmentFinanceMember2023-03-310000712537us-gaap:SubstandardMemberfcf:EquipmentFinanceMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:EquipmentFinanceMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:ConstructionOtherMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:ConstructionOtherMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionResidentialMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConstructionResidentialMember2023-03-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConstructionResidentialMember2023-03-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionResidentialMember2023-03-310000712537fcf:ConstructionResidentialMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:ConstructionResidentialMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionResidentialMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionResidentialMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConstructionResidentialMember2023-01-012023-03-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConstructionResidentialMember2023-01-012023-03-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionResidentialMember2023-01-012023-03-310000712537fcf:ConstructionResidentialMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:ConstructionResidentialMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537us-gaap:SeniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2023-03-310000712537us-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:SeniorLienMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537us-gaap:SeniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:PassMemberus-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:PassMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537us-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2023-01-012023-03-310000712537us-gaap:JuniorLienMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMembersrt:MultifamilyMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMember2023-03-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMember2023-03-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMembersrt:MultifamilyMember2023-03-310000712537fcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2023-03-310000712537srt:MultifamilyMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537srt:MultifamilyMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537srt:MultifamilyMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537fcf:RevolvingLoansReceivableMembersrt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537srt:MultifamilyMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SubstandardMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SubstandardMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2023-03-310000712537us-gaap:SubstandardMembersrt:MultifamilyMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMembersrt:MultifamilyMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMember2023-01-012023-03-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMember2023-01-012023-03-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMembersrt:MultifamilyMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2023-01-012023-03-310000712537srt:MultifamilyMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:AutomobilesMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:AutomobilesMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:AutomobilesMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537us-gaap:AutomobilesMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537us-gaap:AutomobilesMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537us-gaap:AutomobilesMemberus-gaap:PassMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537us-gaap:AutomobilesMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:ConsumerCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:PassMemberfcf:ConsumerCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:PassMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:ConsumerCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:OtherConsumerLoansMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberfcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-03-310000712537fcf:RevolvingLoansReceivableMember2023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedTwoYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2023-01-012023-03-310000712537fcf:RevolvingLoansReceivableMember2023-01-012023-03-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:PassMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:PassMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TimeAndDemandLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:CommercialCreditCardsMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537us-gaap:PassMemberfcf:EquipmentFinanceMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:SubstandardMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:ConstructionOtherMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionOtherMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionOtherMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionOtherMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionResidentialMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConstructionResidentialMember2022-12-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConstructionResidentialMember2022-12-310000712537fcf:ConstructionResidentialMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionResidentialMember2022-12-310000712537fcf:ConstructionResidentialMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:ConstructionResidentialMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConstructionResidentialMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionResidentialMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537us-gaap:SeniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:PassMember2022-12-310000712537us-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:SpecialMentionMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:SeniorLienMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:SeniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:PassMemberus-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:PassMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SpecialMentionMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberus-gaap:JuniorLienMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:JuniorLienMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMembersrt:MultifamilyMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMember2022-12-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMember2022-12-310000712537srt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMembersrt:MultifamilyMember2022-12-310000712537fcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2022-12-310000712537srt:MultifamilyMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537srt:MultifamilyMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537srt:MultifamilyMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537fcf:RevolvingLoansReceivableMembersrt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537srt:MultifamilyMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SpecialMentionMembersrt:MultifamilyMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SubstandardMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SubstandardMembersrt:MultifamilyMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMembersrt:MultifamilyMember2022-12-310000712537us-gaap:SubstandardMembersrt:MultifamilyMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SpecialMentionMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:SubstandardMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:AutomobilesMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:AutomobilesMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:AutomobilesMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537us-gaap:AutomobilesMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537us-gaap:AutomobilesMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537us-gaap:AutomobilesMemberus-gaap:PassMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537us-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:SubstandardMemberus-gaap:AutomobilesMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:ConsumerCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:PassMemberfcf:ConsumerCreditCardsMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:RevolvingLoansReceivableMemberus-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:PassMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:OtherConsumerLoansMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:RevolvingLoansReceivableMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:PassMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedInCurrentYearMemberus-gaap:SubstandardMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMemberus-gaap:SubstandardMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMemberfcf:RevolvingLoansReceivableMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:SubstandardMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInCurrentYearMember2022-12-310000712537fcf:TermLoanReceivableOriginatedInOneYearPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedTwoYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedThreeYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFourYearsPriorMember2022-12-310000712537fcf:TermLoanReceivableOriginatedFiveOrMoreYearsPriorMember2022-12-310000712537fcf:RevolvingLoansReceivableMember2022-12-310000712537us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberfcf:NonAccrualLoansMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:NonAccrualLoansMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:NonAccrualLoansMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-03-310000712537us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:NonAccrualLoansMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537fcf:NonAccrualLoansMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-03-310000712537us-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersrt:MultifamilyMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMembersrt:MultifamilyMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMembersrt:MultifamilyMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:AutomobilesMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-03-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000712537fcf:OtherConsumerLoansMemberfcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2023-03-310000712537us-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000712537fcf:NonAccrualLoansMember2023-03-310000712537us-gaap:FinancialAssetPastDueMember2023-03-310000712537us-gaap:FinancialAssetNotPastDueMember2023-03-310000712537us-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberfcf:NonAccrualLoansMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:NonAccrualLoansMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:NonAccrualLoansMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:FinancialAssetPastDueMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-12-310000712537us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:NonAccrualLoansMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537fcf:NonAccrualLoansMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberfcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-12-310000712537us-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembersrt:MultifamilyMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMembersrt:MultifamilyMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMembersrt:MultifamilyMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:AutomobilesMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-12-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000712537fcf:OtherConsumerLoansMemberfcf:NonAccrualLoansMemberus-gaap:ConsumerLoanMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerLoanMember2022-12-310000712537us-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000712537fcf:NonAccrualLoansMember2022-12-310000712537us-gaap:FinancialAssetPastDueMember2022-12-310000712537us-gaap:FinancialAssetNotPastDueMember2022-12-310000712537us-gaap:ConsumerLoanMember2023-01-012023-03-310000712537fcf:NonaccrualCommercialLoansMember2023-03-310000712537fcf:NonaccrualCommercialLoansMember2022-12-310000712537fcf:NonaccrualCommercialLoansMember2023-01-012023-03-310000712537fcf:NonaccrualCommercialLoansMember2022-01-012022-03-310000712537fcf:CentricBankMember2023-03-310000712537fcf:AccrualLoansMember2022-12-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionMember2023-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionMember2022-12-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionMember2023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionMember2022-12-310000712537us-gaap:CommercialLoanMember2023-01-012023-03-310000712537us-gaap:CommercialLoanMember2022-01-012022-03-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2023-01-012023-03-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-01-012022-03-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2023-01-012023-03-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-01-012022-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2023-01-012023-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-01-012022-03-310000712537us-gaap:ConstructionLoansMember2023-01-012023-03-310000712537us-gaap:ConstructionLoansMember2022-01-012022-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2023-01-012023-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-01-012022-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2023-01-012023-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-01-012022-03-310000712537us-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:CommercialRealEstateMember2023-01-012023-03-310000712537us-gaap:CommercialRealEstateMember2022-01-012022-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2023-01-012023-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2022-01-012022-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-01-012022-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2023-01-012023-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-01-012022-03-310000712537us-gaap:ConsumerLoanMember2023-01-012023-03-310000712537us-gaap:ConsumerLoanMember2022-01-012022-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2023-01-012023-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-01-012022-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2023-01-012023-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2022-01-012022-03-310000712537us-gaap:ContractualInterestRateReductionMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:ExtendedMaturityMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:PrincipalForgivenessMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:PaymentDeferralMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:ContractualInterestRateReductionMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:ExtendedMaturityMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:PrincipalForgivenessMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:PaymentDeferralMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:ContractualInterestRateReductionMember2023-01-012023-03-310000712537us-gaap:ExtendedMaturityMember2023-01-012023-03-310000712537us-gaap:PrincipalForgivenessMember2023-01-012023-03-310000712537us-gaap:PaymentDeferralMember2023-01-012023-03-31utr:M0000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:FinancialAssetNotPastDueMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:SeniorLienMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialRealEstateMember2023-01-012023-03-310000712537us-gaap:FinancialAssetNotPastDueMember2023-01-012023-03-310000712537us-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-03-310000712537us-gaap:FinancingReceivables60To89DaysPastDueMember2023-01-012023-03-310000712537us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-01-012023-03-31fcf:Contract0000712537us-gaap:ExtendedMaturityMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:ContractualInterestRateReductionMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537fcf:ContractualPaymentModificationMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:SeniorLienMemberus-gaap:ExtendedMaturityMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:ContractualInterestRateReductionMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537fcf:ContractualPaymentModificationMemberus-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-01-012022-03-310000712537us-gaap:ExtendedMaturityMember2022-01-012022-03-310000712537us-gaap:ContractualInterestRateReductionMember2022-01-012022-03-310000712537fcf:ContractualPaymentModificationMember2022-01-012022-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2023-01-012023-03-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2023-01-012023-03-310000712537us-gaap:CommercialLoanMember2021-12-310000712537us-gaap:CommercialLoanMember2022-03-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2021-12-310000712537us-gaap:CommercialLoanMemberfcf:TimeAndDemandLoansMember2022-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2021-12-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2022-01-012022-03-310000712537fcf:CommercialCreditCardsMemberus-gaap:CommercialLoanMember2022-03-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2021-12-310000712537fcf:EquipmentFinanceMemberus-gaap:CommercialLoanMember2022-03-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2021-12-310000712537fcf:TimeAndDemandLoansOtherMemberus-gaap:CommercialLoanMember2022-03-310000712537us-gaap:ConstructionLoansMember2021-12-310000712537us-gaap:ConstructionLoansMember2022-03-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2021-12-310000712537fcf:ConstructionOtherMemberus-gaap:ConstructionLoansMember2022-03-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2021-12-310000712537fcf:ConstructionResidentialMemberus-gaap:ConstructionLoansMember2022-03-310000712537us-gaap:ResidentialRealEstateMember2021-12-310000712537us-gaap:ResidentialRealEstateMember2022-03-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2021-12-310000712537us-gaap:SeniorLienMemberus-gaap:ResidentialRealEstateMember2022-03-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2021-12-310000712537us-gaap:JuniorLienMemberus-gaap:ResidentialRealEstateMember2022-03-310000712537us-gaap:CommercialRealEstateMember2021-12-310000712537us-gaap:CommercialRealEstateMember2022-03-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2021-12-310000712537us-gaap:CommercialRealEstateMembersrt:MultifamilyMember2022-03-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2021-12-310000712537us-gaap:CommercialRealEstateMemberfcf:NonownerOccupiedCommercialRealEstateMember2022-03-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2021-12-310000712537us-gaap:CommercialRealEstateMemberfcf:OwnerOccupiedCommercialRealEstateMember2022-03-310000712537us-gaap:ConsumerLoanMember2021-12-310000712537us-gaap:ConsumerLoanMember2022-03-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2021-12-310000712537us-gaap:ConsumerLoanMemberus-gaap:AutomobilesMember2022-03-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2021-12-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-01-012022-03-310000712537us-gaap:ConsumerLoanMemberfcf:ConsumerCreditCardsMember2022-03-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2021-12-310000712537fcf:OtherConsumerLoansMemberus-gaap:ConsumerLoanMember2022-03-310000712537us-gaap:FairValueInputsLevel3Member2023-03-310000712537fcf:ReserveStudyMemberfcf:ImpairedLoansMember2023-03-310000712537srt:WeightedAverageMemberfcf:DiscountRatesMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMember2023-01-012023-03-310000712537fcf:ReserveStudyMemberfcf:ImpairedLoansMemberfcf:GasperMMBTUMembersrt:MinimumMember2023-01-012023-03-310000712537srt:MaximumMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMemberfcf:GasperMMBTUMember2023-01-012023-03-310000712537fcf:OilPerBbldMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMembersrt:MinimumMember2023-01-012023-03-310000712537srt:MaximumMemberfcf:OilPerBbldMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMember2023-01-012023-03-310000712537fcf:LimitedPartnershipInvestmentMember2023-03-310000712537us-gaap:FairValueInputsLevel3Member2022-12-310000712537fcf:ReserveStudyMemberfcf:ImpairedLoansMember2022-12-310000712537srt:WeightedAverageMemberfcf:DiscountRatesMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMember2022-01-012022-12-310000712537fcf:ReserveStudyMemberfcf:ImpairedLoansMemberfcf:GasperMMBTUMembersrt:MinimumMember2022-01-012022-12-310000712537srt:MaximumMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMemberfcf:GasperMMBTUMember2022-01-012022-12-310000712537fcf:OilPerBbldMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMembersrt:MinimumMember2022-01-012022-12-310000712537srt:MaximumMemberfcf:OilPerBbldMemberfcf:ReserveStudyMemberfcf:ImpairedLoansMember2022-01-012022-12-310000712537fcf:LimitedPartnershipInvestmentMember2022-12-310000712537us-gaap:FairValueInputsLevel1Memberfcf:USGovernmentAgencyDebtSecuritiesResidentialDomain2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomainus-gaap:FairValueInputsLevel2Member2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomainus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberfcf:USGovernmentAgencyDebtSecuritiesCommercialMember2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-03-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2023-03-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2023-03-310000712537us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueInputsLevel1Member2023-03-310000712537us-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:FairValueInputsLevel1Memberfcf:USGovernmentAgencyDebtSecuritiesResidentialDomain2022-12-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomainus-gaap:FairValueInputsLevel2Member2022-12-310000712537fcf:USGovernmentAgencyDebtSecuritiesResidentialDomainus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Memberfcf:USGovernmentAgencyDebtSecuritiesCommercialMember2022-12-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537fcf:USGovernmentAgencyDebtSecuritiesCommercialMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMember2022-12-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2022-12-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2022-12-310000712537us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueInputsLevel1Member2022-12-310000712537us-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:EquitySecuritiesMember2022-12-310000712537us-gaap:OtherAssetsMember2022-12-310000712537us-gaap:EquitySecuritiesMember2023-01-012023-03-310000712537us-gaap:OtherAssetsMember2023-01-012023-03-310000712537us-gaap:EquitySecuritiesMember2023-03-310000712537us-gaap:OtherAssetsMember2023-03-310000712537us-gaap:EquitySecuritiesMember2021-12-310000712537us-gaap:OtherAssetsMember2021-12-310000712537us-gaap:EquitySecuritiesMember2022-01-012022-03-310000712537us-gaap:OtherAssetsMember2022-01-012022-03-310000712537us-gaap:EquitySecuritiesMember2022-03-310000712537us-gaap:OtherAssetsMember2022-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000712537us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000712537us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000712537us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2023-03-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2023-03-310000712537us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000712537us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2022-12-310000712537us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-12-310000712537fcf:RiskParticipationAgreementsPurchasedDomain2023-03-31fcf:Derivatives0000712537fcf:RiskParticipationAgreementsSoldDomain2023-03-310000712537fcf:A2024Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberfcf:A2026Member2023-03-310000712537fcf:InterestRateSwapMemberDebtMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537fcf:InterestRateMacroSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537fcf:ThreeYearOriginalMaturityMemberfcf:InterestRateMacroSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537fcf:FourYearOiriginalMaturityMemberfcf:InterestRateMacroSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537fcf:FiveYearOriginalMaturityMemberfcf:InterestRateMacroSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537fcf:InterestRateMacroSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-01-012023-03-310000712537us-gaap:InterestRateSwapMember2023-01-012023-03-310000712537us-gaap:ForwardContractsMember2023-01-012023-03-310000712537us-gaap:ForwardContractsMember2023-03-310000712537us-gaap:ForwardContractsMember2022-12-310000712537us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForwardContractsMember2023-01-012023-03-310000712537us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-12-310000712537us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537us-gaap:ForeignExchangeMember2023-01-012023-03-310000712537us-gaap:NondesignatedMember2023-03-310000712537us-gaap:NondesignatedMember2022-12-310000712537us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2023-03-310000712537us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2022-12-310000712537us-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2023-03-310000712537us-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2022-12-310000712537fcf:InterestRateCollarMemberus-gaap:NondesignatedMember2023-03-310000712537fcf:InterestRateCollarMemberus-gaap:NondesignatedMember2022-12-310000712537us-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2023-03-310000712537us-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2022-12-310000712537us-gaap:CreditDefaultSwapSellingProtectionMemberus-gaap:ShortMemberus-gaap:NondesignatedMember2023-03-310000712537us-gaap:CreditDefaultSwapSellingProtectionMemberus-gaap:ShortMemberus-gaap:NondesignatedMember2022-12-310000712537us-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2023-03-310000712537us-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2022-12-310000712537us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-03-310000712537us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-12-310000712537us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForwardContractsMember2023-03-310000712537us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForwardContractsMember2022-12-310000712537us-gaap:InterestRateSwapMember2022-01-012022-03-310000712537us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForwardContractsMember2022-01-012022-03-310000712537us-gaap:ForeignExchangeMember2022-01-012022-03-310000712537fcf:CentricBankMember2023-01-012023-03-310000712537fcf:FirstCommonwealthBank2028Member2023-03-310000712537fcf:FirstCommonwealthBank2028Member2022-12-310000712537fcf:FirstCommonwealthBank2033Member2023-03-310000712537fcf:FirstCommonwealthBank2033Member2022-12-310000712537fcf:FirstCommonwealthFinancialCorporationMember2023-03-310000712537fcf:FirstCommonwealthFinancialCorporationMember2022-12-310000712537fcf:FirstCommonwealthCapitalTrustIIMember2023-03-310000712537fcf:FirstCommonwealthCapitalTrustIIMember2022-12-310000712537fcf:FirstCommonwealthCapitalTrustIIIMember2023-03-310000712537fcf:FirstCommonwealthCapitalTrustIIIMember2022-12-310000712537fcf:InScopeofTopic606Member2023-01-012023-03-310000712537fcf:InScopeofTopic606Member2022-01-012022-03-310000712537fcf:OutOfScopeofTopic606Member2023-01-012023-03-310000712537fcf:OutOfScopeofTopic606Member2022-01-012022-03-310000712537us-gaap:SubsequentEventMember2023-04-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
 
ýQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2023
Or
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from             to            
Commission File Number 001-11138
First Commonwealth Financial Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania25-1428528
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
601 Philadelphia Street
IndianaPA15701
(Address of principal executive offices)(Zip Code)
724-349-7220
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1.00 par valueFCFNew York Stock Exchange
Indicate by a check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer  x    Accelerated filer  ¨    Smaller reporting company ☐ Emerging growth company  ☐
Non-accelerated filer  ¨ (Do not check if a smaller reporting company) 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No x
The number of shares outstanding of issuer’s common stock, $1.00 par value, as of May 9, 2023, was 102,890,733.



FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
FORM 10-Q
INDEX
 
  PAGE
PART I.
ITEM 1.
Consolidated Statements of Financial Condition (Unaudited)
3
Consolidated Statements of Income (Unaudited)
4
Consolidated Statements of Comprehensive Income (Unaudited)
6
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
7
Consolidated Statements of Cash Flows (Unaudited)
8
Notes to the Unaudited Consolidated Financial Statements
9
ITEM 2.
52
ITEM 3.
70
ITEM 4.
70
PART II.
ITEM 1.
71
ITEM 1A.
71
ITEM 2.
71
ITEM 3.
71
ITEM 4.
72
ITEM 5.
72
ITEM 6.
73
74

2



ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)
March 31, 2023December 31, 2022
 (dollars in thousands, except share data)
Assets
Cash and due from banks$113,692 $124,254 
Interest-bearing bank deposits282,110 29,990 
Securities available for sale, at fair value750,613 762,661 
Securities held to maturity, at amortized cost (Fair value of $381,741 and $386,205 at March 31, 2023 and December 31, 2022, respectively)
451,278 461,162 
Other investments36,200 26,414 
Loans held for sale11,050 11,869 
Loans and leases:
Portfolio loans and leases8,656,945 7,642,143 
Allowance for credit losses(133,885)(102,906)
Net loans and leases8,523,060 7,539,237 
Premises and equipment, net130,210 115,106 
Other real estate owned424 534 
Goodwill360,414 303,328 
Amortizing intangibles, net25,584 9,205 
Bank owned life insurance227,024 222,651 
Other assets202,093 199,255 
Total assets$11,113,752 $9,805,666 
Liabilities
Deposits (all domestic):
Noninterest-bearing$2,698,225 $2,670,508 
Interest-bearing6,536,723 5,334,961 
Total deposits9,234,948 8,005,469 
Short-term borrowings278,978 372,694 
Subordinated debentures177,558 170,937 
Other long-term debt4,679 4,862 
Capital lease obligation5,294 5,425 
Total long-term debt187,531 181,224 
Other liabilities187,281 194,205 
Total liabilities9,888,738 8,753,592 
Shareholders’ Equity
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued
— — 
Common stock, $1 par value per share, 200,000,000 shares authorized; 123,603,380 and 113,914,902 shares issued at March 31, 2023 and December 31, 2022, respectively, and 103,193,127 and 93,376,314 shares outstanding at March 31, 2023 and December 31, 2022, respectively
123,603 113,915 
Additional paid-in capital630,196 497,431 
Retained earnings792,720 774,863 
Accumulated other comprehensive loss, net(124,570)(137,692)
Treasury stock (20,410,253 and 20,538,588 shares at March 31, 2023 and December 31, 2022, respectively)
(196,935)(196,443)
Total shareholders’ equity1,225,014 1,052,074 
Total liabilities and shareholders’ equity$11,113,752 $9,805,666 

The accompanying notes are an integral part of these unaudited consolidated financial statements.
3


ITEM 1. Financial Statements and Supplementary Data (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
For the Three Months Ended
 March 31,
 20232022
(dollars in thousands, except share data)
Interest Income
Interest and fees on loans and leases$107,668 $64,394 
Interest and dividends on investments:
Taxable interest5,789 6,478 
Interest exempt from federal income taxes117 126 
Dividends505 135 
Interest on bank deposits510 111 
Total interest income114,589 71,244 
Interest Expense
Interest on deposits15,518 813 
Interest on short-term borrowings2,401 21 
Interest on subordinated debentures2,214 2,129 
Interest on other long-term debt45 52 
Interest on lease obligations53 57 
Total interest expense20,231 3,072 
Net Interest Income94,358 68,172 
Provision for credit losses(2,650)1,964 
Provision for credit losses - acquisition day 1 non-PCD10,653 — 
Net Interest Income after Provision for Credit Losses86,355 66,208 
Noninterest Income
Net securities gains— 2 
Trust income2,486 2,713 
Service charges on deposit accounts4,918 4,615 
Insurance and retail brokerage commissions2,552 2,272 
Income from bank owned life insurance1,227 1,508 
Gain on sale of mortgage loans652 1,282 
Gain on sale of other loans and assets2,086 2,319 
Card-related interchange income6,829 6,490 
Derivatives mark to market(89)347 
Swap fee income245 453 
Other income2,057 1,975 
Total noninterest income22,963 23,976 
Noninterest Expense
Salaries and employee benefits34,264 30,932 
Net occupancy5,018 4,787 
Furniture and equipment4,238 3,730 
Data processing3,404 3,188 
Advertising and promotion1,663 1,226 
Pennsylvania shares tax1,252 1,005 
Intangible amortization1,147 862 
Other professional fees and services1,591 1,221 
FDIC insurance1,417 698 
Loss on sale or write-down of assets41 75 
Litigation and operational losses743 600 
Merger and acquisition related8,541 — 
Other operating8,062 7,400 
Total noninterest expense71,381 55,724 
Income Before Income Taxes37,937 34,460 
Income tax provision7,713 6,734 
Net Income$30,224 $27,726 
Average Shares Outstanding99,560,831 94,078,699 
The accompanying notes are an integral part of these unaudited consolidated financial statements.
4


For the Three Months Ended
 March 31,
 20232022
(dollars in thousands, except share data)
Average Shares Outstanding Assuming Dilution99,779,816 94,311,324 
Per Share Data: Basic Earnings per Share
$0.30 $0.29 
 Diluted Earnings per Share$0.30 $0.29 
Cash Dividends Declared per Common Share$0.120 $0.115 

The accompanying notes are an integral part of these unaudited consolidated financial statements.
5


ITEM 1. Financial Statements and Supplementary Data (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
 
For the Three Months Ended
 March 31,
 20232022
 (dollars in thousands)
Net Income$30,224 $27,726 
Other comprehensive income (loss), before tax (expense) benefit:
Unrealized holding gains (losses) on securities arising during the period10,355 (57,251)
Less: reclassification adjustment for gains on securities included in net income— (2)
Unrealized holding gains (losses) on derivatives arising during the period5,806 (17,926)
Total other comprehensive income (loss), before tax (expense) benefit16,161 (75,179)
Income tax (expense) benefit related to items of other comprehensive income (loss)(3,039)15,787 
Total other comprehensive income (loss)13,122 (59,392)
Comprehensive Income (Loss)$43,346 $(31,666)

The accompanying notes are an integral part of these unaudited consolidated financial statements.
6


ITEM 1. Financial Statements and Supplementary Data (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
Shares
Outstanding		Common
Stock		Additional
Paid-in-
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss),
net		Treasury
Stock		Total
Shareholders’
Equity
 (dollars in thousands, except share and per share data)
Balance at December 31, 202293,376,314 $113,915 $497,431 $774,863 $(137,692)$(196,443)$1,052,074 
Net income30,224 30,224 
Other comprehensive income13,122 13,122 
Cash dividends declared ($0.120 per share)
(12,367)(12,367)
Treasury stock acquired(109,112)(1,732)(1,732)
Treasury stock reissued143,412 610 — 1,356 1,966 
Restricted stock94,035 — 488 — (116)372 
Common stock issued9,688,478 9,688 131,667 141,355 
Balance at March 31, 2023103,193,127 $123,603 $630,196 $792,720 $(124,570)$(196,935)$1,225,014 
 Shares
Outstanding		Common
Stock		Additional
Paid-in-
Capital		Retained
Earnings		Accumulated
Other
Comprehensive
Income (Loss),
net		Treasury
Stock		Total
Shareholders’
Equity
 (dollars in thousands, except share and per share data)
Balance at December 31, 202194,233,152 $113,915 $496,121 $691,260 $(8,768)$(183,156)$1,109,372 
Net income27,726 27,726 
Other comprehensive loss(59,392)(59,392)
Cash dividends declared ($0.115 per share)
(10,837)(10,837)
Treasury stock acquired(90,614)(1,488)(1,488)
Treasury stock reissued157,251 499 — 1,448 1,947 
Restricted stock(750)— 7 — 284 291 
Balance at March 31, 202294,299,039 $113,915 $496,627 $708,149 $(68,160)$(182,912)$1,067,619 




The accompanying notes are an integral part of these unaudited consolidated financial statements.
7


ITEM 1. Financial Statements and Supplementary Data (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
For the Three Months Ended
 March 31,
 20232022
Operating Activities(dollars in thousands)
Net income$30,224 $27,726 
Adjustment to reconcile net income to net cash provided by operating activities:
Provision for credit losses8,003 1,964 
Deferred tax expense2,218 1,807 
Depreciation and amortization1,847 2,560 
Net gains on securities and other assets(2,330)(3,908)
Net amortization of premiums and discounts on securities378 635 
Income from increase in cash surrender value of bank owned life insurance(1,190)(1,508)
Decrease in interest receivable645 45 
Mortgage loans originated for sale(31,165)(51,833)
Proceeds from sale of mortgage loans32,462 58,198 
Increase in interest payable2,146 1,282 
Increase (decrease) in income taxes payable5,512 (4,137)
Other-net(10,150)(1,632)
Net cash provided by operating activities38,600 31,199 
Investing Activities
Transactions with securities held to maturity:
Proceeds from maturities and redemptions9,733 28,369 
Purchases— (200)
Transactions with securities available for sale:
Proceeds from sales30,686 — 
Proceeds from maturities and redemptions25,791 50,521 
Purchases of FHLB stock(18,262)(505)
Proceeds from the redemption of FHLB stock21,134 201 
Proceeds from bank owned life insurance1,216 — 
Proceeds from sale of loans30,425 21,767 
Proceeds from sale of other assets 846 1,461 
Net cash received from business acquisition14,492 — 
Net increase in loans and leases(95,513)(133,137)
Purchases of premises and equipment and other assets(9,433)(4,419)
Net cash provided by (used in) investing activities11,115 (35,942)
Financing Activities
Net decrease in other short-term borrowings(266,450)(42,566)
Net increase in deposits472,706 189,364 
Repayments of other long-term debt(183)(175)
Repayments of capital lease obligation(131)(122)
Dividends paid(12,367)(10,837)
Purchase of treasury stock(1,732)(1,488)
Net cash provided by financing activities191,843 134,176 
Net increase in cash and cash equivalents241,558 129,433 
Cash and cash equivalents at January 1154,244 395,372 
Cash and cash equivalents at March 31$395,802 $524,805 

The accompanying notes are an integral part of these unaudited consolidated financial statements.
8

ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Note 1 Basis of Presentation
The accounting and reporting policies of First Commonwealth Financial Corporation and subsidiaries (“First Commonwealth” or the “Company”) conform with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported in the financial statements and accompanying notes. Actual realized amounts could differ from those estimates. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of First Commonwealth’s financial position, results of operations, comprehensive income, cash flows and changes in shareholders’ equity as of and for the periods presented. Certain information and Note disclosures normally included in Consolidated Financial Statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC.
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold and interest-bearing bank deposits. Generally, federal funds are sold for one-day periods.
The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results that may be expected for the full year of 2023. These interim financial statements should be read in conjunction with First Commonwealth’s 2022 Annual Report on Form 10-K.
Note 2 Acquisition
On January 31, 2023, the Company completed its acquisition of Centric Financial Corporation (“Centric”) and its banking subsidiary, Centric Bank, for consideration of 9,688,478 shares of the Company's common stock. Through the acquisition, the Company obtained seven full-service banking offices and one loan production office in the Harrisburg, Philadelphia and Lancaster Metropolitan Service Areas ("MSAs").
The table below summarizes the preliminary net assets acquired (at fair value) and consideration transferred in connection with the Centric acquisition (dollars in thousands):
Consideration paid
     Cash paid to shareholders - fractional shares$1 
     Shares issued to shareholders (9,688,478 shares)
141,355 
            Total consideration paid$141,356 
Fair value of assets acquired
    Cash and due from banks14,492 
    Investment securities34,302 
    FHLB stock7,658 
    Loans925,948 
    Premises and equipment12,123 
    Core deposit intangible16,671 
    Bank owned life insurance4,502 
    Other assets18,875 
             Total assets acquired1,034,571 
Fair value of liabilities assumed
    Deposits757,003 
    Borrowings186,716 
    Other liabilities6,582 
             Total liabilities assumed950,301 
Total fair value of identifiable net assets84,270 
Goodwill$57,086 
9
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company determined that this acquisition constitutes a business combination and therefore was accounted for using the acquisition method of accounting. Accordingly, as of the date of the acquisition, the Company recorded the assets acquired, liabilities assumed and consideration paid at fair value. The $57.1 million excess of the consideration paid over the fair value of assets acquired was recorded as goodwill and is not amortizable or deductible for tax purposes. The amount of goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company with Centric.
The fair value of the 9,688,478 common shares issued was determined based on the $14.59 closing market price of the Company's common shares on the acquisition date, January 31, 2023. While the valuation of the acquired assets and liabilities is substantially complete, fair value estimates are subject to adjustment during the provisional period, which may last up to twelve months subsequent to the acquisition date. During this period, the Company may obtain additional information to refine the valuations and adjust the recorded fair value, although such adjustments are not expected to be significant. Valuations subject to adjustments include, but are not limited to, the fair value of acquired loans, deposits, land and building, core deposit intangible and other assets and liabilities.
The following is a description of the valuation methodologies used to estimate the fair values of major categories of assets acquired and liabilities assumed. The Company used an independent valuation specialist to assist with the determination of fair values for certain acquired assets and assumed liabilities.
Cash and due from banks - The estimated fair value was determined to approximate the carrying amount of these assets.
Investment securities - The estimated fair value of the investment portfolio was based on quoted market prices, dealer quotes, and pricing obtained from independent pricing services.
Loans - The estimated fair value of loans were based on a discounted cash flow methodology applied on a pooled basis for non purchased credit-deteriorated ("non-PCD") loans and on an individual basis for purchased credit-deteriorated ("PCD") loans. The valuation considered underlying characteristics including loan type, term, rate, payment schedule and credit rating. Other factors included assumptions related to prepayments, probability of default and loss given default. The discount rates applied were based on a build-up approach considering the funding mix, servicing costs, liquidity premium and factors related to performance risk.
Premise and equipment - The estimated fair value of land and buildings were determined by independent market-based appraisals.
Core deposit intangible - The core deposit intangible was valued utilizing the cost savings method approach, which recognizes the cost savings represented by the expense of maintaining the core deposit base versus the cost of an alternative funding source. The valuation incorporates assumptions related to account retention, discount rates, deposit interest rates, deposit maintenance costs and alternative funding rates.
Time deposits - The estimated fair value of time deposits was determined using a discounted cash flow approach incorporating a discount rate equal to current market interest rates offered on time deposits with similar terms and maturities.
Borrowings - The estimated fair value of short-term borrowings was determined to approximate stated value. Subordinated debentures were valued using a discounted cash flow approach incorporating a discount rate that incorporated similar terms, maturity and credit rating.
Accounting for Acquired Loans
Acquired loans are classified into two categories PCD loans and non-PCD loans. PCD loans are defined as a loan or group of loans that have experienced more than insignificant credit deterioration since origination. Non-PCD loans will have an allowance established on acquisition date, which is recognized as an expense through provision for credit losses. For PCD loans, an allowance is recognized on day 1 by adding it to the fair value of the loan, which is the “Day 1 amortized cost”. There is no provision for credit loss expense recognized on PCD loans because the initial allowance is established by grossing-up the amortized cost of the PCD loan.

10
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)


A day 1 allowance for credit losses on non-PCD loans of $10.7 million was recorded through the provision for credit losses within the Consolidated Statements of Income. At the date of acquisition, of the $977.1 million of loans acquired from Centric, $302.4 million, or 30.9%, of Centric's loan portfolio, was accounted for as PCD loans.
The following table provides details related to the fair value of acquired PCD loans.
Unpaid Principal BalancePCD Allowance for Credit Loss at Acquisition(Discount) Premium on Acquired LoansFair Value of PCD Loans at Acquisition
(dollars in thousands)
Commercial, financial, agricultural and other$82,639 $(15,949)$(84)$66,606 
Time and demand82,639 (15,949)(84)66,606 
Real estate construction29,947 (287)(479)29,181 
Construction other16,978 (227)(179)16,572 
Construction residential12,969 (60)(300)12,609 
Residential real estate16,564 (527)(496)15,541 
Residential first lien13,740 (197)(264)13,279 
Residential junior lien/home equity2,824 (330)(232)2,262 
Commercial real estate173,143 (5,313)(6,193)161,637 
Multifamily13,169 (234)(1,413)11,522 
Nonowner occupied97,037 (2,739)(1,902)92,396 
Owner occupied62,937 (2,340)(2,878)57,719 
Loans to individuals62 (3)(3)56 
Automobile and recreational vehicles62 (3)(3)56 
Total loans and leases$302,355 $(22,079)$(7,255)$273,021 
11
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table provides details related to the fair value and Day 1 provision related to the acquired non-PCD loans.
Unpaid Principal Balance(Discount) premium on acquired loansFair Value of Non-PCD Loans at AcquisitionDay 1 Provision for Credit Losses - Non-PCD Loans
(dollars in thousands)
Commercial, financial, agricultural and other$167,509 $(5,451)$162,058 $3,482 
Time and demand165,781 (5,342)160,439 3,436 
Equipment finance4 — 4 — 
Time and demand other1,724 (109)1,615 46 
Real estate construction52,773 (1,126)51,647 1,638 
Construction other34,801 (971)33,830 1,146 
Construction residential17,972 (155)17,817 492 
Residential real estate75,041 (2,593)72,448 614 
Residential first lien53,612 (1,981)51,631 437 
Residential junior lien/home equity21,429 (612)20,817 177 
Commercial real estate378,777 (12,607)366,170 4,911 
Multifamily45,475 (1,203)44,272 514 
Nonowner occupied182,793 (5,660)177,133 2,111 
Owner occupied150,509 (5,744)144,765 2,286 
Loans to individuals640 (36)604 8 
Automobile and recreational vehicles449 (25)424 4 
Consumer other191 (11)180 4 
Total loans and leases$674,740 $(21,813)$652,927 $10,653 
Costs related to the acquisition totaled $8.5 million. These amounts were expensed as incurred and are recorded as a merger and acquisition related expense in the Consolidated Statements of Income.
As a result of the full integration of the operations of Centric, it is not practicable to determine revenue or net income included in the Company's operating results relating to Centric since the date of acquisition as Centric results cannot be separately identified.
12
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 3 Supplemental Comprehensive Income Disclosures
The following table identifies the related tax effects allocated to each component of other comprehensive income (“OCI”) in the unaudited Consolidated Statements of Comprehensive Income. Reclassification adjustments related to securities available for sale are included in the "Net securities gains" line in the unaudited Consolidated Statements of Income.
For the Three Months Ended March 31,
20232022
Pretax AmountTax (Expense) BenefitNet of Tax AmountPretax AmountTax (Expense) BenefitNet of Tax Amount
(dollars in thousands)
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) on securities arising during the period$10,355 $(1,820)$8,535 $(57,251)$12,023 $(45,228)
Reclassification adjustment for gains on securities included in net income— — — (2)— (2)
Total unrealized gains (losses) on securities10,355 (1,820)8,535 (57,253)12,023 (45,230)
Unrealized gains (losses) on derivatives:
Unrealized holding gains (losses) on derivatives arising during the period5,806 (1,219)4,587 (17,926)3,764 (14,162)
Total unrealized gains (losses) on derivatives5,806 (1,219)4,587 (17,926)3,764 (14,162)
Total other comprehensive income (loss)$16,161 $(3,039)$13,122 $(75,179)$15,787 $(59,392)

The following table details the change in components of OCI for the three months ended March 31:
20232022
 Securities Available for SalePost-Retirement ObligationDerivativesAccumulated Other Comprehensive Income (Loss)Securities Available for SalePost-Retirement ObligationDerivativesAccumulated Other Comprehensive Income (Loss)
 (dollars in thousands)
Balance at December 31$(107,471)$268 $(30,489)$(137,692)$(3,317)$95 $(5,546)$(8,768)
Other comprehensive income (loss) before reclassification adjustment8,535 — 4,587 13,122 (45,228)— (14,162)(59,390)
Amounts reclassified from accumulated other comprehensive (loss) income— — — — (2)— — (2)
Net other comprehensive income (loss) during the period8,535 — 4,587 13,122 (45,230)— (14,162)(59,392)
Balance at March 31$(98,936)$268 $(25,902)$(124,570)$(48,547)$95 $(19,708)$(68,160)

13
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 4 Supplemental Cash Flow Disclosures
The following table presents information related to cash paid during the period for interest and income taxes, as well as detail on non-cash investing and financing activities for the three months ended March 31:
20232022
(dollars in thousands)
Cash paid during the period for:
Interest$18,252 $1,755 
Income taxes19 9,020 
Non-cash investing and financing activities:
Loans transferred to other real estate owned and repossessed assets536 647 
Loans transferred from held to maturity to held for sale28,714 18,627 
Loans transferred from available for sale to held to maturity(519)— 
Gross increase (decrease) in market value adjustment to securities available for sale10,356 (57,254)
Gross increase (decrease) in market value adjustment to derivatives5,806 (17,926)
Increase in limited partnership investment unfunded commitment4,464 — 
Noncash treasury stock reissuance1,966 1,947 
Net assets acquired through acquisition69,778 — 
Proceeds from death benefit on bank owned life insurance not received103 397 
Note 5 Earnings per Share
The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:
For the Three Months Ended March 31,
20232022
Weighted average common shares issued120,266,238 113,914,902 
Average treasury stock shares(20,498,898)(19,654,309)
Average deferred compensation shares(55,821)(55,684)
Average unearned nonvested shares(150,688)(126,210)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share
99,560,831 94,078,699 
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share
163,133 176,913 
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share
55,852 55,712 
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share
99,779,816 94,311,324 
Per Share Data:
Basic Earnings per Share$0.30 $0.29 
Diluted Earnings per Share$0.30 $0.29 
The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the three months ended March 31, because to do so would have been antidilutive.
20232022
Price RangePrice Range
SharesFromToSharesFromTo
Restricted Stock139,476 $12.77 $16.43 23,621 $15.81 $16.25 
Restricted Stock Units17,667 $17.53 $17.53 12,793 $21.08 $21.08 

14
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 6 Commitments and Contingent Liabilities
Commitments and Letters of Credit
Standby letters of credit and commercial letters of credit are conditional commitments issued by First Commonwealth to guarantee the performance of a customer to a third party. The contract or notional amount of these instruments reflects the maximum amount of future payments that First Commonwealth could be required to pay under the guarantees if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from collateral held or pledged. In addition, many of these commitments are expected to expire without being drawn upon; therefore, the total commitment amounts do not necessarily represent future cash requirements.
The following table identifies the notional amount of those instruments at the date shown below:
March 31, 2023December 31, 2022
 (dollars in thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit$2,478,090 $2,356,539 
Financial standby letters of credit19,676 18,417 
Performance standby letters of credit13,401 12,853 
Commercial letters of credit886 573 
 
The notional amounts outstanding as of March 31, 2023 include amounts issued in 2023 of $0.1 million in performance standby letters of credit. There were no financial standby letters of credit or commercial letters of credit issued in 2023. A liability of $0.1 million has been recorded as of both March 31, 2023 and December 31, 2022, which represents the estimated fair value of letters of credit issued. The fair value of letters of credit is estimated based on the unrecognized portion of fees received at the time the commitment was issued.
Unused commitments and letters of credit provide exposure to future credit loss in the event of nonperformance by the borrower or guaranteed parties. Management’s evaluation of the credit risk related to these commitments resulted in the recording of a liability of $8.2 million and $10.0 million as of March 31, 2023 and December 31, 2022, respectively. This liability is reflected in "Other liabilities" in the unaudited Consolidated Statements of Financial Condition. The credit risk evaluation incorporates the expected loss percentage calculated for comparable loan categories as part of the allowance for credit losses for loans as well as estimated utilization for each loan category.
Legal Proceedings
First Commonwealth and its subsidiaries are subject in the normal course of business to various pending and threatened legal proceedings in which claims for monetary damages are asserted. As of March 31, 2023, management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of litigation pending or threatened against First Commonwealth or its subsidiaries will be material to First Commonwealth’s consolidated financial position. On at least a quarterly basis, First Commonwealth assesses its liabilities and contingencies in connection with such legal proceedings. For those matters where it is probable that First Commonwealth will incur losses and the amounts of the losses can be reasonably estimated, First Commonwealth records an expense and corresponding liability in its consolidated financial statements. To the extent the pending or threatened litigation could result in exposure in excess of that liability, the amount of such excess is not currently estimable. Although not considered probable, the range of reasonably possible losses for such matters in the aggregate, beyond the existing recorded liability (if any), is between $0 and $1 million. Although First Commonwealth does not believe that the outcome of pending litigation will be material to First Commonwealth’s consolidated financial position, it cannot rule out the possibility that such outcomes will be material to the consolidated results of operations and cash flows for a particular reporting period in the future.

15
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 7 Investment Securities
Securities Available for Sale
Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:
 March 31, 2023December 31, 2022
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value		Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential$3,995 $45 $(144)$3,896 $4,127 $37 $(181)$3,983 
Mortgage-Backed Securities – Commercial319,133 — (49,250)269,883 324,306 — (52,890)271,416 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential512,277 72 (72,106)440,243 527,777 59 (78,847)448,989 
Other Government-Sponsored Enterprises1,000 — (107)893 1,000 — (118)882 
Obligations of States and Political Subdivisions9,479 1 (1,075)8,405 9,482 — (1,295)8,187 
Corporate Securities30,414 20 (3,141)27,293 32,010 179 (2,985)29,204 
Total Securities Available for Sale$876,298 $138 $(125,823)$750,613 $898,702 $275 $(136,316)$762,661 

Mortgage-backed securities include mortgage-backed obligations of U.S. Government agencies and obligations of U.S. Government-sponsored enterprises. These obligations have contractual maturities ranging from less than one year to approximately 40 years, with lower anticipated lives to maturity due to prepayments. All mortgage-backed securities contain a certain amount of risk related to the uncertainty of prepayments of the underlying mortgages. Interest rate changes have a direct impact upon prepayment speeds; therefore, First Commonwealth uses computer simulation models to test the average life and yield volatility of all mortgage-backed securities under various interest rate scenarios to monitor the potential impact on earnings and interest rate risk positions.

Expected maturities will differ from contractual maturities because issuers may have the right to call or repay obligations with or without call or prepayment penalties. Other fixed income securities within the portfolio also contain prepayment risk.
16
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The amortized cost and estimated fair value of debt securities available for sale at March 31, 2023, by contractual maturity, are shown below.
Amortized
Cost		Estimated
Fair Value
 (dollars in thousands)
Due within 1 year$5,998 $5,888 
Due after 1 but within 5 years2,885 2,763 
Due after 5 but within 10 years32,010 27,940 
Due after 10 years— — 
40,893 36,591 
Mortgage-Backed Securities (a)835,405 714,022 
Total Debt Securities$876,298 $750,613 
 
(a)Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds. Mortgage-Backed Securities include an amortized cost of $323.1 million and a fair value of $273.8 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $512.3 million and a fair value of $440.2 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac.
 
Proceeds from sales, gross gains (losses) realized on sales and maturities related to securities held to maturity and securities available for sale were as follows for the three months ended March 31:
20232022
 (dollars in thousands)
Proceeds from sales$30,686 $— 
Gross gains (losses) realized:
Sales transactions:
Gross gains$— $— 
Gross losses— — 
— — 
Maturities
Gross gains— 2 
Gross losses— — 
— 2 
Net gains $— $2 
Proceeds from sales included in above table are a result of the sale of investments acquired as part of the Centric acquisition. The securities were recorded at fair value at the time of acquisition and subsequently sold at the same value.
Securities available for sale with an estimated fair value of $431.0 million and $626.7 million were pledged as of March 31, 2023 and December 31, 2022, respectively, to secure public deposits and for other purposes required or permitted by law.
17
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Securities Held to Maturity
Below is an analysis of the amortized cost and fair values of debt securities held to maturity at:
 March 31, 2023December 31, 2022
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value		Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential$1,907 $— $(181)$1,726 $2,008 $— $(224)$1,784 
Mortgage-Backed Securities- Commercial74,052 — (13,162)60,890 75,229 — (14,196)61,033 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential321,247 — (49,529)271,718 329,267 — (53,002)276,265 
Mortgage-Backed Securities – Commercial4,137 — (89)4,048 4,794 — (129)4,665 
Other Government-Sponsored Enterprises22,301 — (4,238)18,063 22,221 — (4,501)17,720 
Obligations of States and Political Subdivisions26,634 1 (2,289)24,346 26,643 — (2,865)23,778 
Debt Securities Issued by Foreign Governments1,000 — (50)950 1,000 — (40)960 
Total Securities Held to Maturity$451,278 $1 $(69,538)$381,741 $461,162 $— $(74,957)$386,205 
The amortized cost and estimated fair value of debt securities held to maturity at March 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties.
Amortized
Cost		Estimated
Fair Value
 (dollars in thousands)
Due within 1 year$1,145 $1,145 
Due after 1 but within 5 years9,816 9,462 
Due after 5 but within 10 years38,411 32,299 
Due after 10 years563 453 
49,935 43,359 
Mortgage-Backed Securities (a)401,343 338,382 
Total Debt Securities$451,278 $381,741 
(a)Mortgage-backed and collateralized mortgage securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds. Mortgage-Backed Securities include an amortized cost of $76.0 million and a fair value of $62.6 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $325.4 million and a fair value of $275.8 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac.
Securities held to maturity with an amortized cost of $115.9 million and $368.8 million were pledged as of March 31, 2023 and December 31, 2022, respectively, to secure public deposits and for other purposes required or permitted by law.
Other Investments
As a member of the Federal Home Loan Bank ("FHLB"), First Commonwealth is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The level of stock required to be held is dependent on the amount of First Commonwealth's mortgage-related assets and outstanding borrowings with the FHLB. This stock is restricted in that it can
18
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. As of March 31, 2023 and December 31, 2022, our FHLB stock totaled $30.0 million and $25.2 million, respectively, and is included in “Other investments” on the unaudited Consolidated Statements of Financial Condition.
FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. First Commonwealth evaluates impairment quarterly and has concluded that the par value of its investment in FHLB stock will be recovered. Accordingly, no impairment charge was recorded on these securities during the three months ended March 31, 2023.
As of both March 31, 2023 and December 31, 2022, "Other investments" also includes $6.2 million and $1.2 million, respectively, in equity securities. These securities do not have a readily determinable fair value and are carried at cost. During the three-months ended March 31, 2023 and 2022, there were no gains or losses recognized through earnings on equity securities. On a quarterly basis, management evaluates equity securities by reviewing the severity and duration of decline in estimated fair value, research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, regulatory filings, impact of interest rate changes and other relevant information.
Impairment of Investment Securities
We review our investment portfolio on a quarterly basis for indications of impairment. For available for sale securities, the
review includes analyzing the financial condition and near-term prospects of the issuer, including any specific events which
may influence the operations of the issuer and whether we are more likely than not to sell the security. We evaluate whether we
are more likely than not to sell debt securities based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy, tax position and interest rate risk position. Held-to-maturity securities are
evaluated for impairment on a quarterly basis using historical probability of default and loss given default information specific
to the investment category. If this evaluation determines that credit losses exist an allowance for credit loss is recorded and
included in earnings as a component of credit loss expense.
First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on equity securities.
The following table presents the gross unrealized losses and estimated fair values at March 31, 2023 for both available for sale and held to maturity securities by investment category and time frame for which securities have been in a continuous unrealized loss position:
 
 Less Than 12 Months12 Months or MoreTotal
 Estimated
Fair Value		Gross
Unrealized
Losses		Estimated
Fair Value		Gross
Unrealized
Losses		Estimated
Fair Value		Gross
Unrealized
Losses
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential$— $— $3,639 $(325)$3,639 $(325)
Mortgage-Backed Securities – Commercial7,076 (232)323,697 (62,180)330,773 (62,412)
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential15,351 (551)693,339 (121,084)708,690 (121,635)
Mortgage-Backed Securities – Commercial4,048 (89)— — 4,048 (89)
Other Government-Sponsored Enterprises— — 18,956 (4,345)18,956 (4,345)
Obligations of States and Political Subdivisions8,458 (163)20,802 (3,201)29,260 (3,364)
Debt Securities Issued by Foreign Governments197 (4)554 (46)751 (50)
Corporate Securities12,621 (799)12,660 (2,342)25,281 (3,141)
Total Securities$47,751 $(1,838)$1,073,647 $(193,523)$1,121,398 $(195,361)
    
At March 31, 2023, fixed income securities issued by the U.S. Government and U.S. Government-sponsored enterprises comprised 96% of total unrealized losses. All unrealized losses are the result of changes in market interest rates. At March 31, 2023, there are 202 debt securities in an unrealized loss position.
19
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table presents the gross unrealized losses and estimated fair values at December 31, 2022 by investment category and the time frame for which securities have been in a continuous unrealized loss position:
 Less Than 12 Months12 Months or MoreTotal
 Estimated
Fair Value		Gross
Unrealized
Losses		Estimated
Fair Value		Gross
Unrealized
Losses		Estimated
Fair Value		Gross
Unrealized
Losses
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities – Residential$3,734 $(405)$— $— $3,734 $(405)
Mortgage-Backed Securities - Commercial92,208 (12,364)240,241 (54,722)332,449 (67,086)
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities – Residential239,760 (21,543)482,195 (110,306)721,955 (131,849)
Mortgage-Backed Securities – Commercial4,666 (129)— — 4,666 (129)
Other Government-Sponsored Enterprises— — 18,603 (4,619)18,603 (4,619)
Obligation of States and Political Subdivisions21,234 (1,979)9,230 (2,181)30,464 (4,160)
Debt Securities Issued by Foreign Governments587 (13)373 (27)960 (40)
Corporate Securities14,406 (590)12,632 (2,395)27,038 (2,985)
Total Securities$376,595 $(37,023)$763,274 $(174,250)$1,139,869 $(211,273)
As of March 31, 2023, our corporate securities had an amortized cost and an estimated fair value of $30.4 million and $27.3 million, respectively. As of December 31, 2022, our corporate securities had an amortized cost and estimated fair value of $32.0 million and $29.2 million, respectively. Corporate securities are comprised of debt issued by large regional banks. There were seven and six corporate securities, respectively, in an unrealized loss position as of March 31, 2023 and December 31, 2022. When unrealized losses exist, management reviews each of the issuer’s asset quality, earnings trends and capital position to determine whether the unrealized loss position is a result of credit losses. All interest payments on the corporate securities are being made as contractually required.
There was no expected credit related impairment recognized on investment securities during the three months ended March 31, 2023 and 2022.
20
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 8 Loans and Leases and Allowance for Credit Losses
Loans and leases are presented in the Consolidated Statements of Financial Condition net of deferred fees and costs, and discounts related to purchased loans. Net deferred fees were $6.7 million and $5.9 million as of March 31, 2023 and December 31, 2022, respectively, and discounts on purchased loans from acquisitions were $33.5 million and $5.4 million as of March 31, 2023 and December 31, 2022, respectively. The following table provides outstanding balances related to each of our loan types:
 
March 31, 2023December 31, 2022
 (dollars in thousands)
Commercial, financial, agricultural and other$1,471,079 $1,211,706 
Time and demand1,254,315 1,023,824 
Commercial credit cards13,706 13,920 
Equipment finance109,221 79,674 
Time and demand other93,837 94,288 
Real estate construction541,902 513,101 
Construction other422,831 395,439 
Construction residential119,071 117,662 
Residential real estate2,323,867 2,194,669 
Residential first lien1,660,433 1,547,192 
Residential junior lien/home equity663,434 647,477 
Commercial real estate2,991,930 2,425,012 
Multifamily484,193 431,151 
Nonowner occupied1,817,453 1,510,347 
Owner occupied690,284 483,514 
Loans to individuals1,328,167 1,297,655 
Automobile and recreational vehicles1,244,874 1,210,451 
Consumer credit cards9,886 10,657 
Consumer other73,407 76,547 
Total loans and leases$8,656,945 $7,642,143 
First Commonwealth’s loan portfolio includes five primary loan categories. When calculating the allowance for credit losses these categories are classified into fourteen portfolio segments. The composition of loans by portfolio segment includes:
Commercial, financial, agricultural and other
Time & Demand - Consists primarily of commercial and industrial loans. This category consists of loans that are typically cash flow dependent and therefore have different risk and loss characteristics than other commercial loans. Loans in this category include revolving and term structures with fixed and variable interest rates. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. At March 31, 2023 and December 31, 2022, this category includes $5.3 million and $4.3 million in Paycheck Protection Program ("PPP") loans for small businesses. Because PPP loans are fully guaranteed by the SBA, there is no allowance for credit losses recognized for these loans.
Commercial Credit Cards - Consists of unsecured credit cards for commercial customers. These commercial credit cards have separate characteristics outside of normal commercial non-real estate loans, as they tend to have shorter overall duration. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP.
Equipment Finance - Consists of loans and leases to finance the purchase of equipment for commercial customers. The risk and loss characteristics are unique for this group due to the type of collateral. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP.
21
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Time & Demand Other - Consists primarily of loans to state and political subdivisions and other commercial loans that have different characteristics than loans in the Time and Demand category. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of household debt to income and economic conditions measured by GDP.
Real estate construction
Construction Other - Consists of construction loans to commercial builders and developers and are secured by the properties under development.
Construction Residential - Consists of loans to finance the construction of residential properties during the construction period. Borrowers are typically individuals who will occupy the completed single family property.
The risk and loss characteristics of these two construction categories are different than other real estate secured categories due to the collateral being at various stages of completion. The nature of the project and type of borrower of the two construction categories provides for unique risk and loss characteristics for each category. The primary macroeconomic drivers for estimating credit losses for construction loans include forecasts of national unemployment and measures of completed construction projects.
Residential real estate
Residential first lien - Consists of loans with collateral of 1-4 family residencies with a senior lien position. The risk and loss characteristics are unique for this group because the collateral for these loans are the borrower’s primary residence. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values.
Residential Junior Lien/Home Equity - Consists of loans with collateral of 1-4 family residencies with an open end line of credit or junior lien position. The junior lien position for the majority of these loans provides a higher risk of loss than other residential real estate loans. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values.
Commercial real estate
Multifamily - Consists of loans secured by commercial multifamily properties. Real estate related to rentals to consumers provide unique risk and loss characteristics. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of commercial real estate values and national unemployment.
Nonowner Occupied - Consists of loans secured by commercial real estate non-owner occupied and provides different loss characteristics than other real estate categories. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP.
Owner Occupied - Consists of loans secured by commercial real estate owner occupied properties. The risk and loss characteristics of this category were considered different than other real estate categories because it is owner occupied and would impact the ability to conduct business. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP.
Loans to individuals
Automobile and Recreational Vehicles - Consists of both direct and indirect loans with automobiles and recreational vehicles held as collateral. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and automobile retention value.
Consumer Credit Cards – Consists of unsecured consumer credit cards. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and economic conditions measured by GDP.
Other Consumer - Consists of lines of credit, student loans and other consumer loans, not secured by real estate or autos. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and retail sales.
The allowance for credit losses is calculated by pooling loans of similar credit risk characteristics and applying a discounted cash flow methodology after incorporating probability of default and loss given default estimates. Probability of default represents an estimate of the likelihood of default, and loss given default measures the expected loss upon default. Inputs impacting the expected losses include a forecast of macroeconomic factors, using a weighted forecast from a nationally
22
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

recognized firm. Our model incorporates a one-year forecast of macroeconomic factors, after which the factors revert back to the historical mean over a one-year period. The most significant macroeconomic factor used in estimating credit losses is the national unemployment rate. The forecasted value for national unemployment at the beginning of the forecast period was 3.47% and during the one-year forecast period it was projected to average 4.42%, with a peak of 4.84%.
Credit Quality Information
As part of the on-going monitoring of credit quality within the loan portfolio, the following credit worthiness categories are used in grading our loans:
Pass  Acceptable levels of risk exist in the relationship. Includes all loans not classified as OAEM, substandard or doubtful.
Other Assets Especially Mentioned (OAEM)Potential weaknesses that deserve management’s close attention. The potential weaknesses may result in deterioration of the repayment prospects or weaken the Company’s credit position at some future date. The credit risk may be relatively minor, yet constitute an undesirable risk in light of the circumstances surrounding the specific credit. No loss of principal or interest is expected.
SubstandardWell-defined weakness or a weakness that jeopardizes the repayment of the debt. A loan may be classified as substandard as a result of deterioration of the borrower’s financial condition and repayment capacity. Loans for which repayment plans have not been met or collateral equity margins do not protect the Company may also be classified as substandard.
DoubtfulLoans with the characteristics of substandard loans with the added characteristic that collection or liquidation in full, on the basis of presently existing facts and conditions, is highly improbable.

The Company’s internal creditworthiness grading system provides a measurement of credit risk based primarily on an evaluation of the borrower’s cash flow and collateral. Category ratings are reviewed each quarter, at which time management analyzes the results, as well as other external statistics and factors related to loan performance.
23
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following tables represent our credit risk profile by creditworthiness:
 March 31, 2023
Non-Pass
PassOAEMSubstandardDoubtfulLossTotal Non-PassTotal
(dollars in thousands)
Commercial, financial, agricultural and other$1,368,580 $63,654 $38,845 $— $— $102,499 $1,471,079 
Time and demand1,152,045 63,654 38,616 — — 102,270 1,254,315 
Commercial credit cards13,706 — — — — — 13,706 
Equipment finance109,020 — 201 — — 201 109,221 
Time and demand other93,809 — 28 — — 28 93,837 
Real estate construction540,264 1,638 — — — 1,638 541,902 
Construction other421,193 1,638 — — — 1,638 422,831 
Construction residential119,071 — — — — — 119,071 
Residential real estate2,313,412 2,119 8,336 — — 10,455 2,323,867 
Residential first lien1,654,259 2,119 4,055 — — 6,174 1,660,433 
Residential junior lien/home equity659,153 — 4,281 — — 4,281 663,434 
Commercial real estate2,917,078 45,500 29,352 — — 74,852 2,991,930 
Multifamily483,668 479 46 — — 525 484,193 
Nonowner occupied1,765,458 28,201 23,794 — — 51,995 1,817,453 
Owner occupied667,952 16,820 5,512 — — 22,332 690,284 
Loans to individuals1,327,738 — 429 — — 429 1,328,167 
Automobile and recreational vehicles1,244,519 — 355 — — 355 1,244,874 
Consumer credit cards9,886 — — — — — 9,886 
Consumer other73,333 — 74 — — 74 73,407 
Total loans and leases$8,467,072 $112,911 $76,962 $— $— $189,873 $8,656,945 
24
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 
 December 31, 2022
Non-Pass
PassOAEMSubstandardDoubtfulLossTotal Non-PassTotal
(dollars in thousands)
Commercial, financial, agricultural and other$1,164,193 $35,389 $12,124 $— $— $47,513 $1,211,706 
Time and demand976,346 35,389 12,089 — — 47,478 1,023,824 
Commercial credit cards13,920 — — — — — 13,920 
Equipment finance79,674 — — — — — 79,674 
Time and demand other94,253 — 35 — — 35 94,288 
Real estate construction513,101 — — — — — 513,101 
Construction other395,439 — — — — — 395,439 
Construction residential117,662 — — — — — 117,662 
Residential real estate2,187,780 736 6,153 — — 6,889 2,194,669 
Residential first lien1,542,854 675 3,663 — — 4,338 1,547,192 
Residential junior lien/home equity644,926 61 2,490 — — 2,551 647,477 
Commercial real estate2,347,000 52,291 25,721 — — 78,012 2,425,012 
Multifamily430,613 488 50 — — 538 431,151 
Nonowner occupied1,439,478 49,037 21,832 — — 70,869 1,510,347 
Owner occupied476,909 2,766 3,839 — — 6,605 483,514 
Loans to individuals1,297,206 — 449 — — 449 1,297,655 
Automobile and recreational vehicles1,210,090 — 361 — — 361 1,210,451 
Consumer credit cards10,657 — — — — — 10,657 
Consumer other76,459 — 88 — — 88 76,547 
Total loans and leases$7,509,280 $88,416 $44,447 $— $— $132,863 $7,642,143 

The following table summarizes the loan risk rating category by loan type including term loans on an amortized cost basis by origination year:
March 31, 2023
Term LoansRevolving Loans
20232022202120202019PriorTotal
(dollars in thousands)
Time and demand$48,152 $229,873 $173,699 $84,221 $92,893 $108,814 $516,663 $1,254,315 
Pass48,152 215,243 163,441 73,274 82,030 104,781 465,124 1,152,045 
OAEM— 14,630 2,806 1,547 1,604 1,224 41,843 63,654 
Substandard— — 7,452 9,400 9,259 2,809 9,696 38,616 
Gross charge-offs— — — — — (14)(241)(255)
Gross recoveries— — — 34 4 78 — 116 
Commercial credit cards— — — — — — 13,706 13,706 
Pass— — — — — — 13,706 13,706 
Gross charge-offs— — — — — — (26)(26)
Gross recoveries— — — — — — 2 2 
25
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

March 31, 2023
Term LoansRevolving Loans
20232022202120202019PriorTotal
(dollars in thousands)
Equipment finance33,014 76,207 — — — — — 109,221 
Pass33,014 76,006 — — — — — 109,020 
Substandard— 201 — — — — — 201 
Gross charge-offs— (45)— — — — — (45)
Gross recoveries— — — — — — — — 
Time and demand other2,251 5,879 19,698 20,130 3,624 39,653 2,602 93,837 
Pass2,251 5,879 19,698 20,130 3,624 39,625 2,602 93,809 
Substandard— — — — — 28 — 28 
Gross charge-offs— — — — — — (337)(337)
Gross recoveries— — — — — — 41 41 
Construction other2,156 117,145 201,349 65,640 21,922 14,310 309 422,831 
Pass2,156 117,145 199,711 65,640 21,922 14,310 309 421,193 
OAEM— — 1,638 — — — — 1,638 
Gross charge-offs— — — — — — — — 
Gross recoveries— — — — — — — — 
Construction residential1,842 103,518 4,429 5,376 3,208 — 698 119,071 
Pass1,842 103,518 4,429 5,376 3,208 — 698 119,071 
Gross charge-offs— — — — — — — — 
Gross recoveries— — — — — — — — 
Residential first lien26,936 300,936 559,299 339,378 102,937 328,714 2,233 1,660,433 
Pass26,936 300,872 557,367 339,288 102,120 325,707 1,969 1,654,259 
OAEM— — 1,571 — 130 341 77 2,119 
Substandard— 64 361 90 687 2,666 187 4,055 
Gross charge-offs— (1)— (4)(1)(10)— (16)
Gross recoveries— — — — — 26 — 26 
Residential junior lien/home equity10,373 77,342 49,009 1,563 3,220 6,260 515,667 663,434 
Pass10,373 77,342 49,009 1,563 3,155 6,181 511,530 659,153 
Substandard— — — — 65 79 4,137 4,281 
Gross charge-offs— — — — — — (63)(63)
Gross recoveries— — — — — 1 11 12 
Multifamily1,863 154,628 101,627 79,771 32,764 111,833 1,707 484,193 
Pass1,863 154,628 101,627 79,771 32,764 111,308 1,707 483,668 
OAEM— — — — — 479 — 479 
Substandard— — — — — 46 — 46 
Gross charge-offs— — — — — — — — 
Gross recoveries— — — — — — — — 
Nonowner occupied37,368 401,997 214,359 163,827 247,824 742,094 9,984 1,817,453 
Pass37,368 401,523 214,359 159,321 246,350 697,715 8,822 1,765,458 
OAEM— — — 4,506 1,474 21,219 1,002 28,201 
Substandard— 474 — — — 23,160 160 23,794 
Gross charge-offs— — — — — — — — 
Gross recoveries— — — — — 38 — 38 
Owner occupied23,235 163,650 140,176 95,510 67,131 190,969 9,613 690,284 
Pass23,235 163,055 139,972 88,836 56,667 186,685 9,502 667,952 
OAEM— 595 182 5,089 9,798 1,123 33 16,820 
Substandard— — 22 1,585 666 3,161 78 5,512 
Gross charge-offs— — — — — — — — 
Gross recoveries— — — — — 4 — 4 
26
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

March 31, 2023
Term LoansRevolving Loans
20232022202120202019PriorTotal
(dollars in thousands)
Automobile and recreational vehicles129,646 575,915 304,240 157,298 59,302 18,473 — 1,244,874 
Pass129,646 575,889 304,197 157,204 59,184 18,399 — 1,244,519 
Substandard— 26 43 94 118 74 — 355 
Gross charge-offs— (266)(199)(196)(102)(39)— (802)
Gross recoveries— 60 80 92 98 60 — 390 
Consumer credit cards— — — — — — 9,886 9,886 
Pass— — — — — — 9,886 9,886 
Gross charge-offs— — — — — — (66)(66)
Gross recoveries— — — — — — 17 17 
Consumer other1,792 5,998 16,226 2,185 2,943 4,818 39,445 73,407 
Pass1,792 5,998 16,226 2,185 2,924 4,814 39,394 73,333 
Substandard— — — — 19 4 51 74 
Gross charge-offs— (44)(27)(3)(19)(6)(174)(273)
Gross recoveries— — — 1 4 18 41 64 
Total loans and leases$318,628 $2,213,088 $1,784,111 $1,014,899 $637,768 $1,565,938 $1,122,513 $8,656,945 
Total charge-offs— (356)(226)(203)(122)(69)(907)(1,883)
Total recoveries— 60 80 127 106 225 112 710 
27
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

December 31, 2022
Term LoansRevolving Loans
20222021202020192018PriorTotal
(dollars in thousands)
Time and demand$180,134 $165,064 $66,006 $88,959 $57,030 $57,907 $408,724 $1,023,824 
Pass180,134 154,542 56,592 79,935 56,718 56,309 392,116 976,346 
OAEM— 10,489 8,387 1,846 250 895 13,522 35,389 
Substandard— 33 1,027 7,178 62 703 3,086 12,089 
Commercial credit cards— — — — — — 13,920 13,920 
Pass— — — — — — 13,920 13,920 
Equipment finance79,674 — — — — — — 79,674 
Pass79,674 — — — — — — 79,674 
Time and demand other7,172 20,281 19,626 3,823 2,885 36,197 4,304 94,288 
Pass7,172 20,281 19,626 3,823 2,885 36,162 4,304 94,253 
Substandard— — — — — 35 — 35 
Construction other81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 
Pass81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 
Construction residential82,829 34,783 — 31 18 — 1 117,662 
Pass82,829 34,783 — 31 18 — 1 117,662 
Residential first lien272,136 507,573 337,995 102,870 69,890 255,573 1,155 1,547,192 
Pass272,136 507,042 337,979 102,097 69,212 253,310 1,078 1,542,854 
OAEM— 164 — 133 51 250 77 675 
Substandard— 367 16 640 627 2,013 — 3,663 
Residential junior lien/home equity77,016 49,273 1,499 2,584 1,683 4,396 511,026 647,477 
Pass77,016 49,273 1,499 2,517 1,683 4,263 508,675 644,926 
OAEM— — — — — 51 10 61 
Substandard— — — 67 — 82 2,341 2,490 
Multifamily140,004 90,868 60,699 39,848 19,914 78,483 1,335 431,151 
Pass140,004 90,868 60,699 39,848 19,914 77,945 1,335 430,613 
OAEM— — — — — 488 — 488 
Substandard— — — — — 50 — 50 
Nonowner occupied298,751 153,918 115,947 214,068 141,814 581,060 4,789 1,510,347 
Pass298,751 153,918 115,947 212,588 113,638 541,007 3,629 1,439,478 
OAEM— — — 1,480 20,349 26,207 1,001 49,037 
Substandard— — — — 7,827 13,846 159 21,832 
Owner occupied113,010 105,513 56,977 44,430 26,456 131,432 5,696 483,514 
Pass113,010 105,309 55,468 43,014 26,294 128,230 5,584 476,909 
OAEM— 182 745 791 92 923 33 2,766 
Substandard— 22 764 625 70 2,279 79 3,839 
Automobile and recreational vehicles613,513 330,298 172,530 68,996 20,589 4,525 — 1,210,451 
Pass613,513 330,252 172,435 68,865 20,524 4,501 — 1,210,090 
Substandard— 46 95 131 65 24 — 361 
Consumer credit cards— — — — — — 10,657 10,657 
Pass— — — — — — 10,657 10,657 
Consumer other6,561 17,177 2,489 3,798 1,656 4,085 40,781 76,547 
Pass6,561 17,177 2,489 3,775 1,652 4,085 40,720 76,459 
Substandard— — — 23 4 — 61 88 
Total loans and leases$1,952,670 $1,654,667 $919,032 $592,408 $365,940 $1,154,669 $1,002,757 $7,642,143 


28
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Portfolio Risks
The credit quality of our loan portfolio can potentially represent significant risk to our earnings, capital and liquidity. First Commonwealth devotes substantial resources to managing this risk primarily through our credit administration department that develops and administers policies and procedures for underwriting, maintaining, monitoring and collecting loans. Credit administration is independent of lending departments and oversight is provided by the Credit Committee of the First Commonwealth Board of Directors.
Total net charge-offs for the three months ended March 31, 2023 and 2022 were $1.2 million and $1.1 million, respectively.
Age Analysis of Past Due Loans by Segment
The following tables delineate the aging analysis of the recorded investments in past due loans as of March 31, 2023 and December 31, 2022. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.
 March 31, 2023
 30 - 59 days past due60 - 89 days past due90 days or greater and still accruingNonaccrualTotal past due and nonaccrualCurrentTotal
 (dollars in thousands)
Commercial, financial, agricultural and other$1,470 $311 $551 $12,364 $14,696 $1,456,383 $1,471,079 
Time and demand1,462 293 548 12,163 14,466 1,239,849 1,254,315 
Commercial credit cards6 18 1 — 25 13,681 13,706 
Equipment finance— — — 201 201 109,020 109,221 
Time and demand other2 — 2 — 4 93,833 93,837 
Real estate construction833 — — — 833 541,069 541,902 
Construction other— — — — — 422,831 422,831 
Construction residential833 — — — 833 118,238 119,071 
Residential real estate3,787 1,821 280 7,655 13,543 2,310,324 2,323,867 
Residential first lien1,934 1,188 61 3,543 6,726 1,653,707 1,660,433 
Residential junior lien/home equity1,853 633 219 4,112 6,817 656,617 663,434 
Commercial real estate4,623 21 — 23,786 28,430 2,963,500 2,991,930 
Multifamily68 — — — 68 484,125 484,193 
Nonowner occupied1,941 — — 21,111 23,052 1,794,401 1,817,453 
Owner occupied2,614 21 — 2,675 5,310 684,974 690,284 
Loans to individuals2,141 802 609 429 3,981 1,324,186 1,328,167 
Automobile and recreational vehicles1,786 586 205 355 2,932 1,241,942 1,244,874 
Consumer credit cards41 40 — — 81 9,805 9,886 
Consumer other314 176 404 74 968 72,439 73,407 
Total loans and leases$12,854 $2,955 $1,440 $44,234 $61,483 $8,595,462 $8,656,945 
29
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 
 December 31, 2022
 30 - 59 days past due60 - 89 days past due90 days or greater and still accruingNonaccrualTotal past due and nonaccrual CurrentTotal
 (dollars in thousands)
Commercial, financial, agricultural and other$1,233 $279 $355 $2,374 $4,241 $1,207,465 $1,211,706 
Time and demand1,121 270 352 2,374 4,117 1,019,707 1,023,824 
Commercial credit cards27 9 — — 36 13,884 13,920 
Equipment finance— — — — — 79,674 79,674 
Time and demand other85 — 3 — 88 94,200 94,288 
Real estate construction502 — — — 502 512,599 513,101 
Construction other— — — — — 395,439 395,439 
Construction residential502 — — — 502 117,160 117,662 
Residential real estate3,023 1,178 811 5,683 10,695 2,183,974 2,194,669 
Residential first lien1,547 771 214 3,369 5,901 1,541,291 1,547,192 
Residential junior lien/home equity1,476 407 597 2,314 4,794 642,683 647,477 
Commercial real estate7,870 25 93 20,539 28,527 2,396,485 2,425,012 
Multifamily202 — — — 202 430,949 431,151 
Nonowner occupied7,547 — 92 19,575 27,214 1,483,133 1,510,347 
Owner occupied121 25 1 964 1,111 482,403 483,514 
Loans to individuals3,268 571 732 449 5,020 1,292,635 1,297,655 
Automobile and recreational vehicles2,694 368 295 361 3,718 1,206,733 1,210,451 
Consumer credit cards53 29 5 — 87 10,570 10,657 
Consumer other521 174 432 88 1,215 75,332 76,547 
Total loans and leases$15,896 $2,053 $1,991 $29,045 $48,985 $7,593,158 $7,642,143 
Nonaccrual Loans
The previous tables summarize nonaccrual loans by loan segment. The Company generally places loans on nonaccrual status when the full and timely collection of interest or principal becomes uncertain, when part of the principal balance has been charged off and no restructuring has occurred, or the loans reach a certain number of days past due. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans, which are placed on nonaccrual status at 150 days past due.
When a loan is placed on nonaccrual, the accrued unpaid interest receivable is reversed against interest income and all future payments received are applied as a reduction to the loan principal. Generally, the loan is returned to accrual status when (a) all delinquent interest and principal becomes current under the terms of the loan agreement or (b) the loan is both well-secured and in the process of collection and collectability is no longer in doubt.
Nonperforming Loans
Management considers loans to be nonperforming when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract, including scheduled interest payments. When management identifies a loan as nonperforming, the credit loss is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole source for repayment of the loan is the operation or liquidation of collateral. When the loan is collateral dependent, the appraised value less estimated cost to sell is utilized. If management determines that the value of the loan is less than the recorded investment in the loan, a credit loss is recognized through an allowance estimate or a charge-off to the allowance for credit losses.
When the ultimate collectability of the total principal of a nonperforming loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of a
30
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

nonperforming loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received under the cash basis method.
At March 31, 2023 and December 31, 2022, there were no nonperforming loans held for sale. During both the three months ended March 31, 2023 and 2022, there were no gains recognized on the sale of nonperforming loans.
The following tables include the recorded investment and unpaid principal balance for nonperforming loans with the associated allowance amount, if applicable, as of March 31, 2023 and December 31, 2022. Also presented are the average recorded investment in nonperforming loans and the related amount of interest recognized while the loan was considered nonperforming. Average balances are calculated using month-end balances of the loans for the period reported and are included in the table below based on their period-end allowance position. The increase in nonperforming loans is primarily a result of $14.9 million in loans acquired from Centric, offset by the removal of $6.4 million in accruing troubled debt restructurings ("TDR's"). The TDR's were eliminated as a result of our adoption of ASU 2022-02, Financial Instruments Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02"). This standard was adopted on January 1, 2023 and eliminates the accounting guidance for TDR's while enhancing disclosure requirements for loan modifications for borrowers experiencing financial difficulty.
31
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 March 31, 2023December 31, 2022
 Recorded
investment		Unpaid
principal
balance		Related
allowance		Recorded
investment		Unpaid
principal
balance		Related
allowance
 (dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other$1,808 $10,187 $3,141 $9,555 
Time and demand1,607 9,978 3,141 9,555 
Equipment finance201 209 — — 
Time and demand other— — — — 
Real estate construction— — — — 
Construction other— — — — 
Construction residential— — — — 
Residential real estate6,419 8,312 9,145 11,010 
Residential first lien3,543 4,633 5,754 6,848 
Residential junior lien/home equity2,876 3,679 3,391 4,162 
Commercial real estate22,689 25,685 21,505 24,119 
Multifamily— — — — 
Nonowner occupied20,938 23,063 20,155 22,565 
Owner occupied1,751 2,622 1,350 1,554 
Loans to individuals429 470 528 563 
Automobile and recreational vehicles355 396 440 475 
Consumer other74 74 88 88 
Subtotal31,345 44,654 34,319 45,247 
With an allowance recorded:
Commercial, financial, agricultural and other10,556 13,881 $9,071 1,168 1,186 $711 
Time and demand10,556 13,881 9,071 1,168 1,186 711 
Equipment finance— — — — — — 
Time and demand other— — — — — — 
Real estate construction— — — — — — 
Construction other— — — — — — 
Construction residential— — — — — — 
Residential real estate1,237 1,406 103 — — — 
Residential first lien— — — — — — 
Residential junior lien/home equity1,237 1,406 103 — — — 
Commercial real estate1,096 1,103 588 — — — 
Multifamily— — — — — — 
Nonowner occupied173 212 172 — — — 
Owner occupied923 891 416 — — — 
Loans to individuals— — — — — — 
Automobile and recreational vehicles— — — — — — 
Consumer other— — — — — — 
Subtotal12,889 16,390 9,762 1,168 1,186 711 
Total$44,234 $61,044 $9,762 $35,487 $46,433 $711 

32
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 For the Three Months Ended March 31,
 20232022
 Average
recorded
investment		Interest
income
recognized		Average
recorded
investment		Interest
income
recognized
 (dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other$1,693 $— $3,561 $29 
Time and demand1,455 — 3,561 29 
Equipment finance238 — — — 
Time and demand other— — — — 
Real estate construction— — — — 
Construction other— — — — 
Construction residential— — — — 
Residential real estate6,069 20 9,201 84 
Residential first lien3,437 20 5,197 62 
Residential junior lien/home equity2,632 — 4,004 22 
Commercial real estate21,974 — 24,312 13 
Multifamily— — — — 
Nonowner occupied20,487 — 22,714 9 
Owner occupied1,487 — 1,598 4 
Loans to individuals432 — 435 4 
Automobile and recreational vehicles356 — 350 4 
Consumer other76 — 85 — 
Subtotal30,168 20 37,509 130 
With an allowance recorded:
Commercial, financial, agricultural and other7,445 — 384 6 
Time and demand7,445 — 384 6 
Equipment finance— — — — 
Time and demand other— — — — 
Real estate construction— — — — 
Construction other— — — — 
Construction residential— — — — 
Residential real estate824 — — — 
Residential first lien— — — — 
Residential junior lien/home equity824 — — — 
Commercial real estate711 — 416 — 
Multifamily— — 416 — 
Nonowner occupied115 — — — 
Owner occupied596 — — — 
Loans to individuals— — — — 
Automobile and recreational vehicles— — — — 
Consumer other— — — — 
Subtotal8,980 — 800 6 
Total$39,148 $20 $38,309 $136 
Unfunded commitments related to nonperforming loans were $0.2 million at both March 31, 2023 and December 31, 2022. After consideration of the requirements to draw and available collateral related to these commitments, it was determined that no reserve was required at March 31, 2023 and December 31, 2022.
33
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)


Loan Modifications Made to Borrowers Experiencing Financial Difficulty
The Company adopted ASU 2022-02 on January 1, 2023 on a prospective basis. Disclosures for years prior to adoption continue to reflect TDR's as nonperforming loans and include TDR disclosures required under the previous guidance. Upon adoption of this guidance, the Company no longer establishes a specific reserve for modifications to borrowers experiencing financial difficulty. Instead, these modifications are included in their respective loan segment and an allowance is determined by a loss given default and probability of default methodology.
Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal forgiveness, other- than-insignificant payment delay, term extensions or any combination thereof.
The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty:
For the Three Months Ended March 31, 2023
Rate ReductionTerm ExtensionPrincipal ForgivenessPayment DeferralTotalPercentage of Total Loans and Leases
(dollars in thousands)
Residential real estate$25 $— $— $— $25 — %
Residential first lien25 — — — 25 — 
Total$25 $— $— $— $25 — %
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:
For the Three Months Ended March 31, 2023
Rate ReductionTerm ExtensionPrincipal ForgivenessPayment Deferral
(dollars in thousands)
Residential real estate(2.25)%0$— — 
Residential first lien(2.25)0— — 
Total(2.25)%0$— — 
A modification is considered to be in default when the loan is 90 days or more past due. For the three months ended March 31, 2023, there were no modified loans that were considered to be in default. The following table shows the payment status of loans that have been modified on or after January 1, 2023, the date we adopted ASU 2022-02:
March 31, 2023
Current30 - 59 days past due60 - 89 days past due90 days or greater and still accruingTotal
(dollars in thousands)
Residential real estate$25 $— $— $— $25 
Residential first lien25 — — — 25 
Total loans and leases$25 $— $— $— $25 
Troubled Debt Restructurings Disclosures Prior to Adoption of ASU 2022-02
Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternative financing sources. Troubled debt restructured loans are considered to be nonperforming loans.
34
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following tables provide detail, including specific reserves and reasons for modification, related to loans identified as troubled debt restructurings:
 For the Three Months Ended March 31, 2022
  Type of Modification   
 Number
of
Contracts		Extend
Maturity		Modify
Rate		Modify
Payments		Total
Pre-Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment		Specific
Reserve
 (dollars in thousands)
Residential real estate2 $— $10 $59 $69 $69 $— 
Residential first lien2 — 10 59 69 69 — 
Total2 $— $10 $59 $69 $69 $— 
The troubled debt restructurings included in the above tables are also included in the nonperforming loan tables provided earlier in this note. Loans defined as modified due to a change in rate may include loans that were modified for a change in rate as well as a re-amortization of the principal and an extension of the maturity. For the three months ended March 31, 2022, $10 thousand of total rate modifications represent loans with modifications to the rate as well as payment as a result of re-amortization. The changes in loan balances between the pre-modification balance and the post-modification balance are due to customer payments.
A troubled debt restructuring is considered to be in default when a restructured loan is 90 days or more past due. The following table provides information related to loans that were restructured within the past twelve months and that were considered to be in default during the three months ended March 31:
 2022
 Number of
Contracts		Recorded
Investment
 (dollars in thousands)
Residential real estate1 $17 
Residential first lien1 17 
Total1 $17 
35
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following tables provide detail related to the allowance for credit losses:
 For the Three Months Ended March 31, 2023
Beginning balanceAllowance for credit loss on PCD acquired loansCharge-offsRecoveries
Provision (credit)a
Ending balance
(dollars in thousands)
Commercial, financial, agricultural and other$22,650 $15,949 $(663)$159 $4,473 $42,568 
Time and demand20,040 15,949 (255)116 3,615 39,465 
Commercial credit cards335 — (26)2 20 331 
Equipment finance1,086 — (45)— 420 1,461 
Time and demand other1,189 — (337)41 418 1,311 
Real estate construction8,822 287 — — (1,160)7,949 
Construction other6,360 227 — — (696)5,891 
Construction residential2,462 60 — — (464)2,058 
Residential real estate21,412 527 (79)38 875 22,773 
Residential first lien14,822 197 (16)26 795 15,824 
Residential junior lien/home equity6,590 330 (63)12 80 6,949 
Commercial real estate28,804 5,313 — 42 5,218 39,377 
Multifamily4,726 234 — — 581 5,541 
Nonowner occupied16,426 2,739 — 38 2,349 21,552 
Owner occupied7,652 2,340 — 4 2,288 12,284 
Loans to individuals21,218 3 (1,141)471 667 21,218 
Automobile and recreational vehicles18,819 3 (802)390 603 19,013 
Consumer credit cards412 — (66)17 5 368 
Consumer other1,987 — (273)64 59 1,837 
Total loans and leases$102,906 $22,079 $(1,883)$710 $10,073 $133,885 
a) The provision expense (credit) shown here includes the day 1 provision on non-PCD loans acquired from Centric and excludes the provision for off-balance sheet credit exposure included in the income statement.

36
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)


 For the Three Months Ended March 31, 2022
 Beginning balanceCharge-offsRecoveries
Provision (credit)a
Ending balance
 (dollars in thousands)
Commercial, financial, agricultural and other$18,093 $(475)$80 $3,023 $20,721 
Time and demand15,283 (144)53 3,715 18,907 
Commercial credit cards247 (19)1 113 342 
Equipment finance— — — 31 31 
Time and demand other2,563 (312)26 (836)1,441 
Real estate construction4,220 — — 710 4,930 
Construction other3,278 — — (103)3,175 
Construction residential942 — — 813 1,755 
Residential real estate12,625 (139)29 4,213 16,728 
Residential first lien7,459 (40)23 3,683 11,125 
Residential junior lien/home equity5,166 (99)6 530 5,603 
Commercial real estate33,376 — 14 314 33,704 
Multifamily3,561 — — 49 3,610 
Nonowner occupied24,838 — 5 (1,576)23,267 
Owner occupied4,977 — 9 1,841 6,827 
Loans to individuals24,208 (1,009)366 (8,460)15,105 
Automobile and recreational vehicles21,392 (552)255 (8,460)12,635 
Consumer credit cards496 (109)24 (29)382 
Consumer other2,320 (348)87 29 2,088 
Total loans and leases$92,522 $(1,623)$489 $(200)$91,188 
a) The provision expense (credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement.
Note 9 Leases
First Commonwealth has elected to apply certain practical expedients provided under ASU 2016-02 "Leases" (Topic 842) including (i) to not apply the requirements in the new standard to short-term leases (ii) to not reassess the lease classification for any expired or existing lease (iii) to account for lease and non-lease components separately (iv) to not reassess initial direct costs for any existing leases. The impact of this standard primarily relates to operating leases of certain real estate properties, including certain branch and ATM locations and office space. First Commonwealth has no material leasing arrangements for which it is the lessor of property or equipment.
37
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table represents the unaudited Consolidated Statements of Condition classification of the Company’s right of use ("ROU") assets and lease liabilities, lease costs and other lease information.
March 31, 2023December 31, 2022
Balance sheet:
Operating lease asset classified as premises and equipment$52,177 $40,747 
Operating lease liability classified as other liabilities56,622 45,149 
For the Three Months Ended
March 31, 2023March 31, 2022
Income statement:
    Operating lease cost classified as occupancy and equipment expense
$1,494 $1,216 
Weighted average lease term, in years13.5913.72
Weighted average discount rate3.54 %3.19 %
Operating cash flows$12,478 $1,164 
In the above table, the increase in the ROU asset and lease liability at March 31, 2023 compared to December 31, 2022, is primarily a result of leases assumed as part of the Centric acquisition.
The ROU assets and lease liabilities are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. First Commonwealth's lease agreements often include one or more options to renew at the Company's discretion. If we consider the renewal option to be reasonably certain, we include the extended term in the calculation of the ROU asset and lease liability.
First Commonwealth uses incremental borrowing rates when calculating the lease liability because the rate implicit in the lease is not readily determinable. The incremental borrowing rate used by First Commonwealth is an amortizing loan rate obtained from the Federal Home Loan Bank ("FHLB") of Pittsburgh. This rate is consistent with a collateralized borrowing rate and is available for terms similar to the lease payment schedules.
Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2023 were as follows (dollars in thousands):
For the twelve months ended:
March 31, 2024$4,630 
March 31, 20256,074 
March 31, 20265,885 
March 31, 20275,519 
March 31, 20285,301 
Thereafter45,400 
Total future minimum lease payments72,809 
Less remaining imputed interest16,187 
Operating lease liability$56,622 

Note 10 Income Taxes
In accordance with FASB ASC Topic 740-10, “Accounting for Uncertainty in Income Taxes,” at March 31, 2023 and December 31, 2022, First Commonwealth had no material unrecognized tax benefits or accrued interest and penalties. If applicable, First Commonwealth will record interest and penalties as a component of noninterest expense.
First Commonwealth is subject to routine audits of our tax returns by the Internal Revenue Service (“IRS”) as well as all states in which we conduct business. Generally, tax years prior to the year ended December 31, 2019 are no longer open to examination by federal and state taxing authorities.
38
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 11 Fair Values of Assets and Liabilities
FASB ASC Topic 820, “Fair Value Measurements and Disclosures” ("Topic 820"), requires disclosures for non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). All non-financial assets are included either as a separate line item on the unaudited Consolidated Statements of Financial Condition or in the “Other assets” category of the unaudited Consolidated Statements of Financial Condition. Currently, First Commonwealth does not have any non-financial liabilities to disclose.
FASB ASC Topic 825, “Financial Instruments” ("Topic 825"), permits entities to irrevocably elect to measure select financial instruments and certain other items at fair value. The unrealized gains and losses are required to be included in earnings each reporting period for the items that fair value measurement is elected. First Commonwealth has elected not to measure any existing financial instruments at fair value under Topic 825; however, in the future we may elect to adopt this guidance for select financial instruments.
 
In accordance with Topic 820, First Commonwealth groups financial assets and financial liabilities measured at fair value in three levels based on the principal markets in which the assets and liabilities are transacted and the observability of the data points used to determine fair value. These levels are:
•Level 1 – Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange (“NYSE”). Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
•Level 2 – Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained for observable inputs for identical or comparable assets or liabilities from alternative pricing sources with reasonable levels of price transparency. Level 2 includes Obligations of U.S. Government securities issued by Agencies and Sponsored Enterprises, Obligations of States and Political Subdivisions, corporate securities, FHLB stock, loans held for sale, premise held for sale, interest rate derivatives (including interest rate caps, interest rate collars, interest rate swaps and risk participation agreements), certain other real estate owned and certain nonperforming loans.
Level 2 investment securities are valued by a recognized third party pricing service using observable inputs. The model used by the pricing service varies by asset class and incorporates available market, trade and bid information as well as cash flow information when applicable. Because many fixed-income investment securities do not trade on a daily basis, the model uses available information such as benchmark yield curves, benchmarking of like investment securities, sector groupings and matrix pricing. The model will also use processes such as an option-adjusted spread to assess the impact of interest rates and to develop prepayment estimates. Market inputs normally used in the pricing model include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications.
Management validates the market values provided by the third party service by having another source price 100% of the securities on a monthly basis, monthly monitoring of variances from prior period pricing and, on a monthly basis, evaluating pricing changes compared to expectations based on changes in the financial markets.
Other investments recorded in the unaudited Consolidated Statements of Financial Condition are primarily comprised of FHLB stock whose estimated fair value is based on its par value. Additional information on FHLB stock is provided in Note 7, “Investment Securities.”
Loans held for sale include residential mortgage loans originated for sale in the secondary mortgage market. The estimated fair value for these loans was determined on the basis of rates obtained in the respective secondary market. Loans held for sale could also include the Small Business Administration guaranteed portion of small business loans. The estimated fair value of these loans is based on the contract with the third party investor. When loans held for sale include other commercial loans, fair value is determined using an executed trade or market bid obtained from potential buyers.
Interest rate derivatives are reported at an estimated fair value utilizing Level 2 inputs and are included in other assets and other liabilities, and consist of interest rate swaps where there is no significant deterioration in the counterparties' and/or loan customers' credit risk since origination of the interest rate swap as well as interest rate caps, interest rate collars and risk participation agreements. First Commonwealth values its interest rate swap and cap positions using a yield curve by taking market prices/rates for an appropriate set of instruments. The set of instruments currently used to determine the U.S. Dollar yield curve includes cash LIBOR rates from overnight to one year, Eurodollar futures contracts and swap rates from one year to
39
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

thirty years. These yield curves determine the valuations of interest rate swaps. Interest rate derivatives are further described in Note 12, “Derivatives.”
For purposes of potential valuation adjustments to our derivative positions, First Commonwealth evaluates the credit risk of its counterparties as well as our own credit risk. Accordingly, we have considered factors such as the likelihood of default, expected loss given default, net exposures and remaining contractual life, among other things, in determining if any estimated fair value adjustments related to credit risk are required. We review our counterparty exposure quarterly, and when necessary, appropriate adjustments are made to reflect the exposure.
Interest rate derivatives also include interest rate forwards entered into to hedge residential mortgage loans held for sale and the related interest-rate lock commitments. This includes forward commitments to sell mortgage loans. The fair value of these derivative financial instruments are based on derivative market data inputs as of the valuation date and the underlying value of mortgage loans for rate lock commitments.
In addition, the Company hedges foreign currency risk through the use of foreign exchange forward contracts. The fair value of foreign exchange forward contracts is based on the differential between the contract price and the market-based forward rate.
The estimated fair value for other real estate owned included in Level 2 is determined by either an independent market-based appraisal less estimated costs to sell or an executed sales agreement.
•Level 3 – Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. If the inputs used to provide the valuation are unobservable and/or there is very little, if any, market activity for the security or similar securities, the securities would be considered Level 3 securities. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The assets included in Level 3 are non-marketable equity investments, certain interest rate derivatives and certain nonperforming loans.
The estimated fair value of other investments included in Level 3 is based on carrying value as these securities do not have a readily determinable fair value.
The estimated fair value of limited partnership investments included in Level 3 is based on par value.
For interest rate derivatives included in Level 3, the fair value incorporates credit risk by considering such factors as likelihood of default and expected loss given default based on the credit quality of the underlying counterparties (loan customers).
40
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

In accordance with ASU No. 2011-04, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements.
Fair Value (dollars
in thousands)		Valuation
Technique		Unobservable InputsRange /
(weighted average)
March 31, 2023
Other Investments$6,170 Carrying ValueN/AN/A
Nonperforming Loans277  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU
$3.00 - $3.00 (b)
Oil per BBL/d
$80.00 - $80.00 (b)
Limited Partnership Investments24,422 Par ValueN/AN/A
December 31, 2022
Other Investments$1,170 Carrying ValueN/AN/A
Nonperforming Loans363  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU
$3.00 - $3.00 (b)
Oil per BBL/d
$80.00 - $80.00 (b)
Limited Partnership Investments17,691 Par ValueN/AN/A
 
(a)The remainder of nonperforming loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.
(b)Unobservable inputs are defined as follows: MMBTU - one million British thermal units; BBL/d - barrels per day.
The discount rate is the significant unobservable input used in the fair value measurement of nonperforming loans. Significant increases in this rate would result in a decrease in the estimated fair value of the loans, while a decrease in this rate would result in a higher fair value measurement. Other unobservable inputs in the fair value measurement of nonperforming loans relate to gas, oil and natural gas prices. Increases in these prices would result in an increase in the estimated fair value of the loans, while a decrease in these prices would result in a lower fair value measurement.
The tables below present the balances of assets and liabilities measured at fair value on a recurring basis:
 March 31, 2023
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $3,896 $— $3,896 
Mortgage-Backed Securities - Commercial— 269,883 — 269,883 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 440,243 — 440,243 
Mortgage-Backed Securities - Commercial— — — — 
Other Government-Sponsored Enterprises— 893 — 893 
Obligations of States and Political Subdivisions— 8,405 — 8,405 
Corporate Securities— 27,293 — 27,293 
Total Securities Available for Sale— 750,613 — 750,613 
Other Investments— 30,030 6,170 36,200 
Loans Held for Sale— 11,050 — 11,050 
Other Assets(a)
— 34,302 24,422 58,724 
Total Assets$— $825,995 $30,592 $856,587 
Other Liabilities(a)
$— $67,268 $— $67,268 
Total Liabilities$— $67,268 $— $67,268 
(a)Hedging and non-hedging interest rate derivatives and limited partnership investments
41
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 December 31, 2022
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $3,983 $— $3,983 
Mortgage-Backed Securities - Commercial— 271,416 — 271,416 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 448,989 — 448,989 
Other Government-Sponsored Enterprises— 882 — 882 
Obligations of States and Political Subdivisions— 8,187 — 8,187 
Corporate Securities— 29,204 — 29,204 
Total Securities Available for Sale— 762,661 — 762,661 
Other Investments— 25,244 1,170 26,414 
Loans Held for Sale— 11,869 — 11,869 
Other Assets(a)
— 50,738 17,691 68,429 
Total Assets$— $850,512 $18,861 $869,373 
Other Liabilities(a)
$— $89,298 $— $89,298 
Total Liabilities$— $89,298 $— $89,298 
(a)Hedging and non-hedging interest rate derivatives and limited partnership investments
For the three months ended March 31, changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:
 2023
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,170 $17,691 $18,861 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases5,000 6,882 11,882 
Issuances— — — 
Sales— — — 
Settlements— (151)(151)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$6,170 $24,422 $30,592 

42
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)


 
 2022
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,170 $14,981 $16,151 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 1,043 1,043 
Issuances— — — 
Sales— (25)(25)
Settlements— — — 
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,170 $15,999 $17,169 
During the three months ended March 31, 2023 and 2022, there were no transfers between fair value Levels 1, 2 or 3. There were no gains or losses included in earnings for the periods presented that are attributable to the change in realized gains (losses) relating to assets held at March 31, 2023 and 2022.
The tables below present the balances of assets measured at fair value on a nonrecurring basis at the dates shown below:
 March 31, 2023
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $25,806 $8,666 $34,472 
Other real estate owned— 466 — 466 
Total Assets$— $26,272 $8,666 $34,938 

 December 31, 2022
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $23,140 $11,636 $34,776 
Other real estate owned— 553 — 553 
Total Assets$— $23,693 $11,636 $35,329 
The following gains (losses) were realized on the assets measured on a nonrecurring basis:
 For the Three Months Ended March 31,
 20232022
 (dollars in thousands)
Nonperforming loans$230 $(171)
Other real estate owned— (54)
Total losses$230 $(225)
Nonperforming loans over $250 thousand are individually reviewed to determine the amount of each loan considered to be at risk of non-collection. The fair value for nonperforming loans that are collateral-based is determined by reviewing real property
43
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

appraisals, equipment valuations, accounts receivable listings and other financial information. A discounted cash flow analysis is performed to determine fair value for nonperforming loans when an observable market price or a current appraisal is not available. For real estate secured loans, First Commonwealth’s loan policy requires updated appraisals be obtained at least every twelve months on all nonperforming loans with balances of $250 thousand and over. For real estate secured loans with balances under $250 thousand, we rely on broker price opinions. For non-real estate secured assets, the Company normally relies on third party valuations specific to the collateral type.
The fair value for other real estate owned, determined by either an independent market-based appraisal less estimated costs to sell or an executed sales agreement, is classified as Level 2. The fair value for other real estate owned, determined using an internal valuation, is classified as Level 3. Other real estate owned has a current carrying value of $0.4 million as of March 31, 2023 and consists of five residential real estate properties in Pennsylvania. We review whether events and circumstances subsequent to a transfer to other real estate owned have occurred that indicate the balance of those assets may not be recoverable. If events and circumstances indicate further impairment we will record a charge to the extent that the carrying value of the assets exceed their fair values, less estimated cost to sell, as determined by valuation techniques appropriate in the circumstances.
Certain other assets and liabilities, including goodwill, core deposit intangibles and customer list intangibles are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Additional information related to goodwill is provided in Note 13, “Goodwill.” There were no other assets or liabilities measured at fair value on a nonrecurring basis during the three months ended March 31, 2023.
FASB ASC Topic 825-10, “Transition Related to FSP FAS 107-1” and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are as discussed above. The methodologies for other financial assets and financial liabilities are discussed below.
Cash and due from banks and interest-bearing bank deposits: The carrying amounts for cash and due from banks and interest-bearing bank deposits approximate the estimated fair values of such assets.
Securities: Fair values for securities available for sale and held to maturity are based on quoted market prices, if available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The carrying value of other investments, which includes FHLB stock and other equity investments, is considered a reasonable estimate of fair value.
Loans: The fair values of all loans are estimated by discounting the estimated future cash flows using interest rates currently offered for loans with similar terms to borrowers of similar credit quality adjusted for past due and nonperforming loans.
Loans held for sale: The estimated fair value of loans held for sale is based on market bids obtained from potential buyers.
Off-balance sheet instruments: Many of First Commonwealth’s off-balance sheet instruments, primarily loan commitments and standby letters of credit, are expected to expire without being drawn upon; therefore, the commitment amounts do not necessarily represent future cash requirements. FASB ASC Topic 460, “Guarantees” clarified that a guarantor is required to recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee. The carrying amount and estimated fair value for standby letters of credit was $0.1 million at both March 31, 2023 and December 31, 2022. See Note 6, “Commitments and Contingent Liabilities,” for additional information.
Deposit liabilities: The estimated fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date because of the customers’ ability to withdraw funds immediately. The carrying value of variable rate time deposit accounts and certificates of deposit approximate their fair values at the report date. Also, fair values of fixed rate time deposits for both periods are estimated by discounting the future cash flows using interest rates currently being offered and a schedule of aggregated expected maturities.
Short-term borrowings: The fair values of borrowings from the FHLB were estimated based on the estimated incremental borrowing rate for similar type borrowings. The carrying amounts of other short-term borrowings, such as federal funds
44
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

purchased and securities sold under agreement to repurchase, were used to approximate fair value due to the short-term nature of the borrowings.
Subordinated debt and long-term debt: The fair value is estimated by discounting the future cash flows using First Commonwealth’s estimate of the current market rate for similar types of borrowing arrangements.
The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:
 March 31, 2023
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$113,692 $113,692 $113,692 $— $— 
Interest-bearing deposits282,110 282,110 282,110 — — 
Securities available for sale750,613 750,613 — 750,613 — 
Securities held to maturity451,278 381,741 — 381,741 — 
Other investments36,200 36,200 — 30,030 6,170 
Loans held for sale11,050 11,050 — 11,050 — 
Loans8,656,945 8,514,685 — 25,806 8,488,879 
Financial liabilities
Deposits9,234,948 9,223,482 — 9,223,482 — 
Short-term borrowings278,978 272,601 — 272,601 — 
Subordinated debt177,558 156,402 — — 156,402 
Long-term debt4,679 4,651 — 4,651 — 
Capital lease obligation5,294 5,294 — 5,294 — 
 December 31, 2022
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$124,254 $124,254 $124,254 $— $— 
Interest-bearing deposits29,990 29,990 29,990 — — 
Securities available for sale762,661 762,661 — 762,661 — 
Securities held to maturity461,162 386,205 — 386,205 — 
Other investments26,414 26,414 — 25,244 1,170 
Loans held for sale11,869 11,869 — 11,869 — 
Loans7,642,143 7,639,721 — 23,140 7,616,581 
Financial liabilities
Deposits8,005,469 7,992,012 — 7,992,012 — 
Short-term borrowings372,694 363,135 — 363,135 — 
Subordinated debt170,937 156,621 — — 156,621 
Long-term debt4,862 4,781 — 4,781 — 
Capital lease obligation5,425 5,425 — 5,425 — 
45
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 12 Derivatives
Derivatives Not Designated as Hedging Instruments
First Commonwealth is a party to interest rate derivatives that are not designated as hedging instruments. These derivatives relate to interest rate swaps that First Commonwealth enters into with customers to allow customers to convert variable rate loans to a fixed rate. First Commonwealth pays interest to the customer at a floating rate on the notional amount and receives interest from the customer at a fixed rate for the same notional amount. At the same time the interest rate swap is entered into with the customer, an offsetting interest rate swap is entered into with another financial institution. First Commonwealth pays the other financial institution interest at the same fixed rate on the same notional amount as the swap entered into with the customer, and receives interest from the financial institution for the same floating rate on the same notional amount.
The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties.
We have 31 risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution. We have 15 risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are the lead bank. The risk participation agreement provides credit protection to us should the borrower fail to perform on its interest rate derivative contract with us.
First Commonwealth is also party to interest rate caps and collars that are not designated as hedging instruments. The interest rate caps relate to contracts that First Commonwealth enters into with loan customers that provide a maximum interest rate on their variable rate loan. At the same time the interest rate cap is entered into with the customer, First Commonwealth enters into an offsetting interest rate cap with another financial institution. The notional amount and maximum interest rate on both interest cap contracts are identical. The interest rate collars relate to contracts that First Commonwealth enters into with loan customers that provides both a maximum and minimum interest rate on their variable rate loan. At the same time the interest rate collar is entered into with the customer, First Commonwealth enters into an offsetting interest rate collar with another financial institution. The notional amount and the maximum and minimum interest rates on both interest collar contracts are identical.
The fee received, less the estimate of the loss for the credit exposure, was recognized in earnings at the time of the transaction.
Derivatives Designated as Hedging Instruments
In August 2019, the Company entered into two interest rate swap contracts that are designated as cash flow hedges. These contracts mature on August 15, 2024 and August 15, 2026 and have notional amounts of $30.0 million and $40.0 million, respectively. The Company's risk management objective for these hedges is to reduce its exposure to variability in expected future cash flows related to interest payments made on subordinated debentures benchmarked to the 3-month LIBOR rate. Therefore, the interest rate swaps convert the interest rate benchmark on the first $70.0 million of 3-month LIBOR based subordinated debentures to a fixed rate.
During 2021, the Company entered into eight interest rate swap contracts that were designated as cash flow hedges. The interest rate swaps have a total notional amount of $500.0 million: $75.0 million with an original maturity of three years, $250.0 million with an original maturity of four years and $175.0 million with an original maturity of five years. The Company's risk management objective for these hedges is to reduce its exposure to variability in expected future cash flows related to interest payments on commercial loans benchmarked to the 1-month LIBOR rate. Therefore, the interest rate swaps convert the interest payments on the first $500.0 million of 1-month LIBOR based commercial loans into fixed rate payments.
The periodic net settlement of these interest rate swaps are recorded as an adjustment to "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income. For the three months ended March 31, 2023, there was a negative impact of $4.2 million on net interest income as a result of these interest rate swaps. Changes in the fair value of the cash flow hedges are reported on the balance sheet and in OCI. When the cash flows associated with the hedged item are realized, the gain or loss included in OCI is recognized in "Interest on subordinated debentures," or "Interest and fees on loans", the same line items in the unaudited Consolidated Statements of Income as the income on the hedged items. The cash flow hedges were highly effective at March 31, 2023, and changes in the fair value attributed to hedge ineffectiveness were not material.
46
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company also enters into interest rate lock commitments in conjunction with its mortgage origination business. These are commitments to originate loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. The Company locks the rate in with an investor and commits to deliver the loan if settlement occurs (“best efforts”) or commits to deliver the locked loan in a binding (“mandatory”) delivery program with an investor. Loans under mandatory rate lock commitments are covered under forward sales contracts of mortgage-backed securities (“MBS”). Forward sales contracts of MBS are recorded at fair value with changes in fair value recorded in "Noninterest income" in the unaudited Consolidated Statements of Income. The impact to noninterest income for the three months ended March 31, 2023 was an increase of $0.3 million.
Interest rate lock commitments and commitments to deliver loans to investors are considered derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. We determine the fair value of rate lock commitments and delivery contracts by measuring the fair value of the underlying asset, which is impacted by current interest rates and taking into consideration the probability that the rate lock commitments will close or will be funded. At March 31, 2023, the underlying funded mortgage loan commitments had a carrying value of $3.8 million and a fair value of $3.9 million, while the underlying unfunded mortgage loan commitments had a notional amount of $13.9 million. At December 31, 2022, the underlying funded mortgage loan commitments had a carrying value of $4.3 million and a fair value of $4.0 million, while the underlying unfunded mortgage loan commitments had a notional amount of $12.0 million. The interest rate lock commitments increased other noninterest income by $0.1 million for the three months ended March 31, 2023.
In addition, based on customer activity, a small amount of interest income on loans may be exposed to changes in foreign exchange rates. Several commercial borrowers have a portion of their operations outside of the United States and from time to time borrow funds on a short-term basis to fund those operations. In order to reduce the risk related to the translation of foreign denominated transactions into U.S. dollars, the Company may enter into foreign exchange forward contracts. These contracts relate principally to the Euro and the Canadian dollar. The contracts are recorded at fair value with changes in fair value recorded in "Other operating expense" in the unaudited Consolidated Statements of Income. At March 31, 2023 and December 31, 2022, there were no foreign exchange contracts outstanding and there was no impact to other noninterest expense for the three months ended March 31, 2023.

The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:
March 31, 2023December 31, 2022
 (dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment$(117)$(27)
Notional amount:
Interest rate derivatives813,543 816,745 
Interest rate caps15,257 15,340 
Interest rate collars35,354 35,354 
Risk participation agreements227,647 256,043 
Sold credit protection on risk participation agreements(100,349)(100,741)
Interest rate options13,887 12,009 
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment(32,789)(38,596)
Notional amount570,000 570,000 
Interest rate forwards:
Fair value adjustment(60)63 
Notional amount16,000 16,000 
Foreign exchange forwards:
Fair value adjustment— — 
Notional amount— — 
 
47
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)


The table below presents the change in the fair value of derivative assets and derivative liabilities attributable to credit risk or fair value changes included in "Other income", "Other expense," "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income:
 For the Three Months Ended March 31,
 20232022
 (dollars in thousands)
Non-hedging interest rate derivatives
(Decrease) increase in other income$239 $(848)
Hedging interest rate derivatives
(Decrease) increase in interest and fees on loans(4,758)755 
(Decrease) increase in interest from subordinated debentures(560)224 
Hedging interest rate forwards
Increase (decrease) in other income123 (865)
Hedging foreign exchange forwards
Increase in other expense— 1 

The fair value of our derivatives is included in a table in Note 11, “Fair Values of Assets and Liabilities,” in the line items
“Other assets” and “Other liabilities.”
Note 13 Goodwill
FASB ASC Topic 350-20, “Intangibles – Goodwill and Other” requires an annual valuation of the fair value of a reporting unit that has goodwill and a comparison of the fair value to the book value of equity to determine whether the goodwill has been impaired. Goodwill is also required to be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. When circumstances indicate that it is more likely than not that fair value is less than carrying value, a triggering event has occurred and a quantitative impairment test would be performed.
We consider First Commonwealth to be one reporting unit. The carrying amount of goodwill at March 31, 2023 and December 31, 2022 was $360.4 million and $303.3 million, respectively. The $57.1 million increase in goodwill during the three months ended March 31, 2023 is the result of the Centric acquisition. No impairment charges on goodwill or other intangible assets were incurred in 2023 or 2022.
We test goodwill for impairment as of November 30th each year and again at any quarter-end if any material events occur during a quarter that may affect goodwill.
As of March 31, 2023, no indicators of impairment were identified; however, changing economic conditions that may adversely affect our performance, the fair value of our assets and liabilities, or our stock price could result in impairment, which could adversely affect earnings in future periods. Management will continue to monitor events that could impact this conclusion in the future.

48
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Note 14 Subordinated Debentures
Subordinated debentures outstanding are as follows:
  March 31, 2023December 31, 2022
 DueRateAmountAmount
  (dollars in thousands)
Owed to:
First Commonwealth Bank20284.875% until June 1, 2023, then 3-Month LIBOR + 1.845%$49,523 $49,499 
First Commonwealth Bank20335.50% until June 1, 2028, then 3-Month LIBOR + 2.37%49,288 49,271 
First Commonwealth Financial Corp20314.50% until March 29, 2026, then Prime + 1.00%6,580 — 
First Commonwealth Capital Trust II20343-Month LIBOR + 2.85%30,929 30,929 
First Commonwealth Capital Trust III20343-Month LIBOR + 2.85%41,238 41,238 
Total$177,558 $170,937 
With the acquisition of Centric, First Commonwealth acquired a ten-year subordinated note with a principal balance of $6.0 million. The rate remains fixed at 4.50% until March 29, 2026, then adjusts quarterly to Prime + 1.00%. The Bank may redeem the notes, beginning with the interest payment due on March 29, 2026, in whole or in part at a redemption price equal to 100% of the principal amount of the subordinated notes, plus accrued and unpaid interest to the date of redemption. A fair value premium of $0.6 million was recognized in connection with the acquisition.
On May 21, 2018, First Commonwealth issued ten-year subordinated notes with an aggregate principal amount of $50.0 million and a fixed-to-floating rate of 4.875%. The rate remains fixed until June 1, 2023, then adjusts on a quarterly basis to three-month LIBOR + 1.845%. The Bank may redeem the notes, beginning with the interest payment due on June 1, 2023, in whole or in part at a redemption price equal to 100% of the principal amount of the subordinated notes, plus accrued and unpaid interest to the date of redemption. Deferred issuance costs of $0.9 million are being amortized on a straight-line basis over the term of the notes.
On May 21, 2018, First Commonwealth issued fifteen-year subordinated notes with an aggregate principal amount of $50.0 million and a fixed-to-floating rate of 5.50%. The rate remains fixed until June 1, 2028, then adjusts on a quarterly basis to three-month LIBOR + 2.37%. The Bank may redeem the notes, beginning with the interest payment due on June 1, 2028, in whole or in part at a redemption price equal to 100% of the principal amount of the subordinated notes, plus accrued and unpaid interest to the date of redemption. Deferred issuance costs of $1.1 million are being amortized on a straight-line basis over the term of the notes.
First Commonwealth currently has two trusts, First Commonwealth Capital Trust II and First Commonwealth Capital Trust III, of which 100% of the common equity is owned by First Commonwealth. The trusts were formed for the purpose of issuing company obligated mandatorily redeemable capital securities to third-party investors and investing the proceeds from the sale of the capital securities solely in junior subordinated debt securities (“subordinated debentures”) of First Commonwealth. The subordinated debentures held by each trust are the sole assets of the trust.
Interest on the debentures issued to First Commonwealth Capital Trust III is paid quarterly at a floating rate of three-month LIBOR + 2.85% which is reset quarterly. Subject to regulatory approval, First Commonwealth may redeem the debentures, in whole or in part, at its option on any interest payment date at a redemption price equal to 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of the redemption. Deferred issuance costs of $0.6 million are being amortized on a straight-line basis over the term of the securities.
Interest on the debentures issued to First Commonwealth Capital Trust II is paid quarterly at a floating rate of three-month LIBOR + 2.85%, which is reset quarterly. Subject to regulatory approval, First Commonwealth may redeem the debentures, in whole or in part, at its option at a redemption price equal to 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of the redemption. Deferred issuance costs of $0.5 million are being amortized on a straight-line basis over the term of the securities.
In order to reduce its exposure to variability in expected future cash flows related to interest payments on First Commonwealth Capital Trust II and III, the Company entered into two interest rate swap contracts that are designated as cash flow hedges. These contracts fix the LIBOR based portion of the interest rate on Capital Trust II at 1.515% until August 15, 2024 and on
49
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Capital Trust III at 1.525% until August 15, 2026. Additional information related to these cash flow hedges can be found in Note 12- "Derivatives".
Note 15 Revenue Recognition

Substantially all of the Company’s revenue is generated from contracts with customers. Revenue associated with financial instruments, including revenue from loans and securities, certain noninterest income streams such as fees associated with derivatives are not in scope of FASB ASC Topic 606 - "Revenue from Contracts with Customers" ("Topic 606"). Topic 606 is applicable to noninterest revenue streams such as trust income, service charges on deposits, insurance and retail brokerage commissions, card-related interchange income and gain(loss) on sale of OREO. For contracts within the scope of Topic 606, the Company immediately expenses contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less.
Noninterest revenue streams in-scope of Topic 606 are discussed below:
Trust Income
Trust income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon a tiered scale of market value of the assets under management at month-end. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as financial planning or tax return preparation services are also available to trust customers. The Company’s performance obligation for these transactional-based services is generally satisfied and related revenue recognized at a point in time. Payment is received shortly after services are rendered.
Service Charges on Deposit Accounts
Service charges on deposit accounts consist of fees earned from its deposit customers for transaction-based, account maintenance, overdraft services and account analysis fees. Transaction-based fees, which include services such as ATM use fees, stop payment fees, statement rendering and ACH fees are recognized at the time the transaction is executed which is the point in time the Company fulfills the customer’s request. Monthly account maintenance fees are earned over the course of the month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. The Company’s performance obligation for account analysis fees is generally satisfied, and the related revenue recognized, during the month the service is provided. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.
Insurance and Retail Brokerage Commissions
Insurance income primarily consists of commissions received from execution of personal, business and health insurance policies when acting as an agent on behalf of insurance carriers. The Company’s performance obligation is generally satisfied upon the issuance of the insurance policy. Because the Company’s contracts with the insurance carriers are generally cancellable by either party, with minimal notice, insurance commissions are recognized during the policy period as received. Also, the majority of insurance commissions are received on a monthly basis during the policy period; however, some carriers pay the full annual commission to First Commonwealth at the time of policy issuance or renewal. In these cases, First Commonwealth would be required to refund any commissions it would not be entitled to as a result of cancelled or terminated policies. The Company has established a refund liability for the remaining term of the policies expected to be cancelled. The Company also receives incentive-based contingency fees from the insurance carriers. Contingency fee revenue, which totals approximately $0.3 million per year, is recognized as received due to the immaterial amount.
Retail brokerage income primarily consists of commissions received on annuity and investment product sales through a third-party service provider. The Company’s performance obligation is generally satisfied upon the issuance of the annuity policy or the execution of an investment transaction. The Company does not earn a significant amount of trailer fees on annuity sales. However, after considering the factors impacting these trailer fees, such as the uncertainty of investor behavior and changes in the market value of assets, First Commonwealth determined that it would recognize trailing fees as received because it could not reasonably estimate an amount of future trailing commissions for which collection is probable. Commissions from the third-party service provider are received on a monthly basis based upon customer activity for the month. The fees are recognized monthly with a receivable until commissions are received from the third-party service provider the following month. Because the Company acts as an agent in arranging the relationship between the customer and the third-party service provider and does
50
ITEM 1. Financial Statements and Supplementary Data
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)

not control the services rendered to the customers, retail brokerage fees are presented net of related costs, including $1.0 million and $0.9 million in commission expense as of March 31, 2023 and 2022, respectively.
Card-Related Interchange Income
Card-related interchange income is primarily comprised of debit and credit card income, ATM fees and merchant services income. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as MasterCard. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Card-related interchange income is recognized daily as the customer transactions are settled.
Other Income
Other income includes service revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for these services are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month.
Gains(losses) on sales of OREO
First Commonwealth records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When First Commonwealth finances the sale of OREO to the buyer, an assessment of whether the buyer is committed to perform their obligations under the contract is completed along with an evaluation of whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. In determining the gain or loss on the sale, First Commonwealth adjusts the transaction price and the related gain or loss on sale if a significant financing component is present.
The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606:
 For the Three Months Ended March 31,
 20232022
 (dollars in thousands)
Noninterest Income
In-scope of Topic 606:
Trust income$2,486 $2,713 
Service charges on deposit accounts4,918 4,615 
Insurance and retail brokerage commissions2,552 2,272 
Card-related interchange income6,829 6,490 
Gain on sale of other loans and assets61 43 
Other income1,069 975 
Noninterest Income (in-scope of Topic 606)17,915 17,108 
Noninterest Income (out-of-scope of Topic 606)5,048 6,868 
Total Noninterest Income$22,963 $23,976 
Note 16 Subsequent Event
On April 24, 2023, the Board of Directors authorized an increase of $25.0 million to the existing share repurchase program of the Company's common stock. Management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in a manner that is intended to comply with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934. First Commonwealth may suspend or discontinue the program at any time.
51


ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
This discussion and the related financial data are presented to assist in the understanding and evaluation of the consolidated financial condition and the results of operations of First Commonwealth Financial Corporation including its subsidiaries (“First Commonwealth”) for the three months ended March 31, 2023 and 2022, and should be read in conjunction with the unaudited Consolidated Financial Statements and notes thereto included in this Form 10-Q.
Forward-Looking Statements
Certain statements contained in this Quarterly Report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission, in press releases, and in oral and written statements made by us or with our approval that are not statements of historical fact and constitute forward-looking statements within the meaning of the Act. Examples of forward-looking statements include, but are not limited to: (i) projections of revenues, expenses, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statements of plans, objectives and expectations of First Commonwealth or its management or Board of Directors, including those relating to products, services or operations; (iii) statements of future economic performance; and (iv) statements of assumptions underlying such statements. Words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may,” are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those in such statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to:
•Local, regional, national and international economic conditions and the impact they may have on us and our customers and our assessment of that impact.
•Volatility and disruption in national and international financial markets.
•Government intervention in the U.S. financial system.
•Changes in the mix of loan geographies, sectors and types or the level of non-performing assets and charge-offs.
•Changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements.
•The effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board.
•Inflation, interest rate, securities market and monetary fluctuations.
•Unexpected outflows of uninsured deposits.
•The effect of changes in laws and regulations, including with respect to capital, and liquidity requirements, which may become more stringent in light of recent market events, may adversely affect our financial condition or results of operations.
•Factors that can impact the performance of our loan portfolio, including changes in real estate values and liquidity in our primary market areas, the financial health of our commercial borrowers and the success of construction projects that we finance, including any loans acquired in acquisition transactions.
•The soundness of other financial institutions.
•Political instability.
•Impairment of our goodwill or other intangible assets.
•Acts of God or of war or terrorism.
•The timely development and acceptance of new products and services and perceived overall value of these products and services by users.
•Changes in consumer spending, borrowings and savings habits.
•Changes in the financial performance and/or condition of our borrowers.
•Technological changes.
•The cost and effects of cyber incidents or other failures, interruption or security breaches of our systems or those of third-party providers.
•Acquisitions and integration of acquired businesses.
•Our ability to increase market share and control expenses.
•Our ability to attract and retain qualified employees.
•Changes in the competitive environment in our markets and among banking organizations and other financial service providers.
52
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


•The effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters.
•Changes in the reliability of our vendors, internal control systems or information systems.
•Changes in our liquidity position.
•Changes in our organization, compensation and benefit plans.
•The costs and effects of legal and regulatory developments, the resolution of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews and the ability to obtain required regulatory approvals.
•Greater than expected costs or difficulties related to the integration of new products and lines of business.
•Our success at managing the risks involved in the foregoing items.

Forward-looking statements speak only as of the date on which such statements are made. We do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events.
Explanation of Use of Non-GAAP Financial Measures
In addition to the results of operations presented in accordance with generally accepted accounting principles (“GAAP”), First Commonwealth management uses, and this quarterly report contains or references, certain non-GAAP financial measures, such as net interest income on a fully taxable equivalent basis. We believe these non-GAAP financial measures provide information that is useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparison with the performance of others in the financial services industry. Although we believe that these non-GAAP financial measures enhance investors’ understanding of our business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP.
We believe the presentation of net interest income on a fully taxable equivalent basis ensures comparability of net interest income arising from both taxable and tax-exempt sources and is consistent with industry practice. Interest income per the unaudited Consolidated Statements of Income is reconciled to net interest income adjusted to a fully taxable equivalent basis on pages 55 for the three months ended March 31, 2023 and 2022.
53
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES



Selected Financial Data
The following selected financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations, which follows, and with the unaudited Consolidated Financial Statements and related notes. 
For the Three Months Ended March 31,
20232022
(dollars in thousands, except per share data)
Net Income$30,224 $27,726 
Per Share Data:
Basic Earnings per Share$0.30 $0.29 
Diluted Earnings per Share0.30 0.29 
Cash Dividends Declared per Common Share0.120 0.115 
Average Balance:
Total assets$10,488,908 $9,524,578 
Total equity1,161,054 1,107,415 
End of Period Balance:
Net loans and leases (1)
$8,534,110 $6,871,430 
Total assets11,113,752 9,642,124 
Total deposits9,234,948 8,171,847 
Total equity1,225,014 1,067,619 
Key Ratios:
Return on average assets1.17 %1.18 %
Return on average equity10.56 %10.15 %
Dividends payout ratio40.00 %39.66 %
Average equity to average assets ratio11.07 %11.63 %
Net interest margin4.01 %3.19 %
Net loans to deposits ratio92.41 %84.09 %
(1) Includes loans held for sale.

Results of Operations
Three Months Ended March 31, 2023 Compared to Three Months Ended March 31, 2022
Net Income
For the three months ended March 31, 2023, First Commonwealth had net income of $30.2 million, or $0.30 diluted earnings per share, compared to net income of $27.7 million, or $0.29 diluted earnings per share, in the three months ended March 31, 2022. The increase in net income was primarily the result of a $26.2 million increase in net interest income and a $4.6 million decrease in provision for credit losses, excluding the $10.7 million in provision expense related to the day 1 CECL adjustment on non-PCD loans acquired in the Centric acquisition. Partially offsetting these positive changes was a $15.7 million increase in noninterest expense.
For the three months ended March 31, 2023, the Company’s return on average equity was 10.56% and its return on average assets was 1.17%, compared to 10.15% and 1.18%, respectively, for the three months ended March 31, 2022.
Net Interest Income
Net interest income, on a fully taxable equivalent basis, was $94.7 million in the first three months of 2023, compared to $68.4 million for the same period in 2022. The increase in net interest income can be attributed to growth in earning assets and a 153 basis point increase in the yield on interest-earning assets offset by a 105 basis point increase in the cost of interest-bearing liabilities. Net interest income comprises the majority of our operating revenue (net interest income before provision expense plus noninterest income), at 80.4% and 74.0% for the three months ended March 31, 2023 and 2022, respectively.
54
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


The net interest margin on a fully taxable equivalent basis was 4.01% for the three months ended March 31, 2023 and 3.19% for the three months ended March 31, 2022. The net interest margin is affected by changes in the level of interest rates and the amount and composition of interest-earning assets and interest-bearing liabilities.
 
The taxable equivalent yield on interest-earning assets was 4.86% for the three months ended March 31, 2023, an increase of 153 basis points compared to the 3.33% yield for the same period in 2022. This change is largely due to a higher loan portfolio yield, which improved by 147 basis points when compared to the three months ended March 31, 2022. Contributing to this increase was the yield on our adjustable and variable rate commercial loan portfolios, which increased 253 basis points largely due to the Federal Reserve increasing short term interest rates by 450 basis points since March 31, 2022. Additionally, five basis points of the increase in the yield on interest-earnings assets can be attributed to the recognition of $1.1 million in accretion of the purchase accounting marks recognized as a result of the Centric acquisition.

The investment portfolio yield increased 32 basis points in comparison to the prior year as new volume rates were higher than the portfolio yield. The average investment portfolio balance decreased $291.6 million as maturities and runoff funded loan growth. Interest-bearing deposits with banks, which decreased from $284.4 million in 2022 to $46.3 million in 2023 increased the yield on earning assets by 1 basis points for the three months ended March 31, 2023 as its yield increased 431 basis points.
The cost of interest-bearing liabilities increased to 1.27% for the three months ended March 31, 2023, from 0.22% for the same period in 2022. The cost of interest-bearing deposits increased 99 basis points and short-term borrowings increased 358 basis points in comparison to the same period last year. The increase in cost of interest-bearing deposits can be attributed to higher market interest rates and changes in the mix of deposits as customers moved funds to take advantage of the increased rates. Comparing the three months ended March 31, 2023 with the comparable period in 2022, average time deposits increased $307.7 million, or 82.2%, while the cost of these deposits increased 205 basis points. Contributing to average growth in time deposits was an average of $54.0 million acquired as part of the Centric acquisition. Other interest-bearing deposits increased on average $331.7 million, or 6.7%, compared to the three months ended March 31, 2022 and the cost of these deposits increased 84 basis points. Average growth in other-interest bearing deposits attributable to the Centric acquisition totaled $251.0 million.
For the three months ended March 31, 2023, changes in rates positively impacted net interest income by $14.7 million when compared with the same period in 2022. The higher yield on interest-earning assets impacted net interest income by $31.6 million, while the increase in the cost of interest-bearing liabilities negatively impacted net interest income by $16.8 million.
Changes in the volume of interest-earning assets and interest-bearing liabilities positively impacted net interest income by $11.5 million for the three months ended March 31, 2023, as compared to the same period in 2022. Higher levels of interest-earning assets resulted in an increase of $11.8 million in interest income, and changes in the volume and mix of interest-bearing liabilities increased interest expense by $0.3 million. Average earning assets for the three months ended March 31, 2023 increased $878.2 million, or 10.1%, compared to the same period in 2022. Average loans for the comparable period increased $1.4 billion, or 20.4%.
Net interest income also benefited from a $84.2 million increase in average net free funds at March 31, 2023 as compared to March 31, 2022. Average net free funds are the excess of noninterest-bearing demand deposits, other noninterest-bearing liabilities and shareholders’ equity over noninterest-earning assets. The largest component of the increase in net free funds was an increase of $33.3 million, or 1.3%, in noninterest-bearing demand deposit average balances.
The following table reconciles interest income in the Consolidated Statements of Income to net interest income adjusted to a fully taxable equivalent basis for the three months ended March 31:
 
20232022
 (dollars in thousands)
Interest income per Consolidated Statements of Income$114,589 $71,244 
Adjustment to fully taxable equivalent basis305 253 
Interest income adjusted to fully taxable equivalent basis (non-GAAP)114,894 71,497 
Interest expense20,231 3,072 
Net interest income adjusted to fully taxable equivalent basis (non-GAAP)$94,663 $68,425 

55
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


The following is an analysis of the average balance sheets and net interest income on a fully taxable equivalent basis for the three months ended March 31:
 
 20232022
 Average
Balance		Income /
Expense (a)		Yield
or
Rate		Average
Balance		Income /
Expense (a)		Yield
or
Rate
 (dollars in thousands)
Assets
Interest-earning assets:
Interest-bearing deposits with banks$46,304 $510 4.47 %$284,367 $111 0.16 %
Tax-free investment securities21,983 148 2.73 24,430 160 2.66 
Taxable investment securities1,211,190 6,294 2.11 1,500,334 6,613 1.79 
Loans and leases, net of unearned income (b)(c)
8,301,449 107,942 5.27 6,893,628 64,613 3.80 
Total interest-earning assets9,580,926 114,894 4.86 8,702,759 71,497 3.33 
Noninterest-earning assets:
Cash112,157 114,672 
Allowance for credit losses(123,672)(93,645)
Other assets919,497 800,792 
Total noninterest-earning assets907,982 821,819 
Total Assets$10,488,908 $9,524,578 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand deposits (d)
$1,848,228 $3,732 0.82 %$1,551,979 $100 0.03 %
Savings deposits (d)
3,463,858 7,853 0.92 3,428,411 449 0.05 
Time deposits682,144 3,933 2.34 374,484 264 0.29 
Short-term borrowings266,932 2,401 3.65 115,544 21 0.07 
Long-term debt185,367 2,312 5.06 182,119 2,238 4.98 
Total interest-bearing liabilities6,446,529 20,231 1.27 5,652,537 3,072 0.22 
Noninterest-bearing liabilities and shareholders’ equity:
Noninterest-bearing demand deposits (d)
2,678,849 2,645,551 
Other liabilities202,476 119,075 
Shareholders’ equity1,161,054 1,107,415 
Total Noninterest-Bearing Funding Sources4,042,379 3,872,041 
Total Liabilities and Shareholders’ Equity$10,488,908 $9,524,578 
Net Interest Income and Net Yield on Interest-Earning Assets$94,663 4.01 %$68,425 3.19 %
(a)Income on interest-earning assets has been computed on a fully taxable equivalent basis using the 21% federal income tax statutory rate for the three months ended March 31, 2023 and 2022.
(b)Loan balances include held for sale and nonaccrual loans. Income on nonaccrual loans is accounted for on the cash basis.
(c)Loan income includes loan fees earned.
(d)Average balances do not include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes.

 
56
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


The following table shows the effect of changes in volumes and rates on interest income and interest expense for the three months ended March 31, 2023 compared with March 31, 2022:
 
 Analysis of Year-to-Year Changes in Net Interest Income
 Total
Change		Change Due To
Volume		Change Due To
Rate (a)
 (dollars in thousands)
Interest-earning assets:
Interest-bearing deposits with banks$399 $(94)$493 
Tax-free investment securities(12)(16)4 
Taxable investment securities(319)(1,276)957 
Loans and leases43,329 13,191 30,138 
Total interest income (b)43,397 11,805 31,592 
Interest-bearing liabilities:
Interest-bearing demand deposits3,632 22 3,610 
Savings deposits7,404 4 7,400 
Time deposits3,669 220 3,449 
Short-term borrowings2,380 26 2,354 
Long-term debt74 40 34 
Total interest expense17,159 312 16,847 
Net interest income$26,238 $11,493 $14,745 
(a)Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to rate variances.
(b)Changes in interest income have been computed on a fully taxable equivalent basis using the 21% federal income tax statutory rate.

Provision for Credit Losses
The provision for credit losses is determined based on management’s estimates of the appropriate level of the allowance for credit losses needed for expected losses inherent in the loan portfolio and off-balance sheet commitments. The provision for credit losses is an amount added to the allowance, against which credit losses are charged.  
57
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


The table below provides a breakout of the provision for credit losses by loan category for the three months ended March 31: 
 20232022
 DollarsPercentageDollarsPercentage
 (dollars in thousands)
Commercial, financial, agricultural and other$991 (170)%$3,023 (1,511)%
Time and demand179 (31)3,715 (1,857)
Commercial credit cards20 (3)113 (56)
Equipment finance420 (72)31 (16)
Time and demand other372 (64)(836)418 
Real estate construction(2,798)482 710 (355)
Construction other(1,842)317 (103)52 
Construction residential(956)165 813 (407)
Residential real estate261 (45)4,213 (2,107)
Residential first lien358 (62)3,683 (1,842)
Residential junior lien/home equity(97)17 530 (265)
Commercial real estate307 (53)314 (157)
Multifamily67 (12)49 (25)
Nonowner occupied238 (41)(1,576)788 
Owner occupied2 — 1,841 (920)
Loans to individuals659 (114)(8,460)4,230 
Automobile and recreational vehicles599 (104)(8,460)4,230 
Consumer credit cards5 (1)(29)15 
Consumer other55 (9)29 (15)
Provision for credit losses on loans and leases$(580)100 %$(200)100 %
Provision for credit losses - acquisition day 1 non-PCD10,653 — 
Total provision for credit losses on loans and leases10,073 (200)
Provision for off-balance sheet credit exposure(2,070)2,164 
       Total provision for credit losses$8,003 $1,964 
Total provision expense for the three months ended March 31, 2023, increased $6.0 million compared to the three months ended March 31, 2022. This increase is a result of $10.7 million in provision expense recognized in the first quarter of 2023 as the day 1 non-PCD provision expense resulting from the Centric acquisition offset by a $4.2 million decline in the provision for off-balance sheet commitments. The negative provision for off-balance sheet commitments for the period ending March 31, 2023 was a result of lower off-balance sheet commitments related to construction loans and improvement in the economic variables considered in the calculation.
The allowance for credit losses was $133.9 million, or 1.55%, of total loans outstanding at March 31, 2023, compared to $102.9 million, or 1.35%, at December 31, 2022 and $91.2 million, or 1.31%, at March 31, 2022. Nonperforming loans as a percentage of total loans and leases decreased to 0.51% at March 31, 2023 from 0.54% as of March 31, 2022 and increased from 0.46% at December 31, 2022. The allowance to nonperforming loan ratio was 302.67%, 289.98% and 243.38% as of March 31, 2023, December 31, 2022 and March 31, 2022, respectively.
 
Management believes that the allowance for credit losses is at a level deemed appropriate to absorb expected losses inherent in the loan portfolio at March 31, 2023.
58
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Below is an analysis of the consolidated allowance for credit losses for the three months ended March 31, 2023 and 2022 and the year-ended December 31, 2022:
 
March 31, 2023March 31, 2022December 31, 2022
 (dollars in thousands)
Balance, beginning of period$102,906 $92,522 $92,522 
Day 1 allowance for credit loss on PCD acquired loans22,079 — — 
Provision for credit losses - acquisition day 1 non-PCD10,653 — — 
Loans charged off:
Commercial, financial, agricultural and other663 475 2,361 
Real estate construction— — — 
Residential real estate79 139 339 
Commercial real estate— — 2,487 
Loans to individuals1,141 1,009 4,658 
Total loans charged off1,883 1,623 9,845 
Recoveries of loans previously charged off:
Commercial, financial, agricultural and other159 80 394 
Real estate construction— — 9 
Residential real estate38 29 187 
Commercial real estate42 14 769 
Loans to individuals471 366 1,349 
Total recoveries710 489 2,708 
Net charge-offs1,173 1,134 7,137 
Provision for credit losses on loans and leases charged to expense(580)(200)17,521 
Balance, end of period$133,885 $91,188 $102,906 
Net charge-offs as a percentage of average loans and leases outstanding (annualized)0.06 %0.07 %0.10 %
Allowance for credit losses as a percentage of end-of-period loans and leases outstanding1.55 %1.31 %1.35 %
59
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Noninterest Income
The following table presents the components of noninterest income for the three months ended March 31: 
20232022$ Change% Change
 (dollars in thousands)
Noninterest Income:
Trust income$2,486 $2,713 $(227)(8)%
Service charges on deposit accounts4,918 4,615 303 7 
Insurance and retail brokerage commissions2,552 2,272 280 12 
Income from bank owned life insurance1,227 1,508 (281)(19)
Card-related interchange income6,829 6,490 339 5 
Swap fee income245 453 (208)(46)
Other income2,057 1,975 82 4 
Subtotal20,314 20,026 288 1 
Net securities gains— 2 (2)(100)
Gain on sale of mortgage loans652 1,282 (630)(49)
Gain on sale of other loans and assets2,086 2,319 (233)(10)
Derivatives mark to market(89)347 (436)(126)
Total noninterest income$22,963 $23,976 $(1,013)(4)%
Total noninterest income, excluding net securities gains, gain on sale of mortgage loans, gain on sale of other loans and assets and the derivatives mark to market for the three months ended March 31, 2023 increased $0.3 million, or 1%, compared to the three months ended March 31, 2022. Service charges on deposit accounts and card-related interchange income both increased $0.3 million as a result of increased customer activity. Insurance and retail brokerage commissions increased $0.3 million due to growth in annuity sales. Trust income decreased $0.2 million as a result of declines in the value of assets under management, income from bank owned life insurance decreased $0.3 million compared to the prior period primarily due to changes in market interest rates and swap fee income declined $0.2 million due to a lower volume of interest rate swaps entered into by our commercial loan customers. For the three months ended March 31, 2023, $0.1 million in non-interest income can be attributed to the Centric acquisition.
Total noninterest income decreased $1.0 million, or 4%, compared to the same period in the prior year. The most significant changes, other than the changes noted above, include a $0.6 million decrease in gain on sale of mortgage loans as a result of changes in volume and the spread received on mortgage loans sold. The mark to market adjustment on interest rate swaps entered into for our commercial loan customers decreased $0.4 million. This adjustment does not reflect a realized gain or loss on the swaps, but rather relates to changes in fair value due to movements in corporate bond spreads and swap rates. The gain on sale of other loans and assets decreased $0.2 million due to a lower volume of loans, primarily SBA loans, being sold in the first three months of 2023 compared to the same period in 2022.
60
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Noninterest Expense
The following table presents the components of noninterest expense for the three months ended March 31: 
20232022$ Change% Change
 (dollars in thousands)
Noninterest Expense:
Salaries and employee benefits$34,264 $30,932 $3,332 11 %
Net occupancy5,018 4,787 231 5 
Furniture and equipment4,238 3,730 508 14 
Data processing3,404 3,188 216 7 
Advertising and promotion1,663 1,226 437 36 
Pennsylvania shares tax1,252 1,005 247 25 
Intangible amortization1,147 862 285 33 
Other professional fees and services1,591 1,221 370 30 
FDIC insurance1,417 698 719 103 
Other operating8,062 7,400 662 9 
Subtotal62,056 55,049 7,007 13 
Loss on sale or write-down of assets41 75 (34)(45)
Merger and acquisition related8,541 — 8,541 N/A
Litigation and operational losses743 600 143 24 
Total noninterest expense$71,381 $55,724 $15,657 28 %
Noninterest expense increased $15.7 million, or 28%, for the three months ended March 31, 2023 compared to the same period in 2022. Contributing to the increase in expense in 2023 is $8.5 million in merger-related expenses associated with the Centric acquisition. Additionally, salaries and employee benefits increased $3.3 million primarily due to the number of full time equivalent employees, which increased from 1,432 at March 31, 2022 to 1,536 at March 31, 2023, largely due to the Centric acquisition. Additionally, increases in net occupancy, furniture and equipment and intangible amortization all reflected increases as a result of Centric. Data processing costs increased $0.2 million due to continued investment in our digital banking and other product offerings. Contributing to the increase in other operating expenses were several expense categories, including, travel, interview and placement, telephone and operational losses, none of which were individually significant.
FDIC insurance increased $0.7 million due to both the impact of Centric as well as a 2 basis point increase in the FDIC deposit insurance assessment rate which began in the first quarterly assessment period of 2023. The assessment rate increase is estimated to increase the Company's annual FDIC assessment by approximately $1.7 million.
Income Tax
The provision for income taxes increased $1.0 million for the three months ended March 31, 2023, compared to the corresponding period in 2022, due to the increase in income before income taxes. 
We applied the “annual effective tax rate approach” to determine the provision for income taxes, which applies an annual forecast of tax expense as a percentage of expected full year income, for the three months ended March 31, 2023 and 2022.
We generate an annual effective tax rate that is less than the statutory rate of 21% due to benefits resulting from tax-exempt interest, income from bank-owned life insurance and tax benefits associated with low income housing tax credits, all of which are relatively consistent regardless of the level of pretax income. These provided for an effective tax rate of 20.3% and 19.5% for the three months ended March 31, 2023 and 2022, respectively.
As of March 31, 2023, our deferred tax assets totaled $69.7 million. Based on our evaluation, we determined that it is more likely than not that all of these assets will be realized. As a result, a valuation allowance against these assets was not recorded. In evaluating the need for a valuation allowance, we estimate future taxable income based on management approved forecasts, evaluation of historical earning levels and consideration of potential tax strategies. If future events differ from our current forecasts, we may need to establish a valuation allowance, which could have a material impact on our financial condition and results of operations.
61
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Liquidity
Liquidity refers to our ability to meet the cash flow requirements of depositors and borrowers as well as our operating cash needs with cost-effective funding. We generate funds to meet these needs primarily through the core deposit base of First Commonwealth Bank and the maturity or repayment of loans and other interest-earning assets, including investments. During the first three months of 2023, the maturity and redemption of investment securities provided $66.2 million in liquidity. These funds contributed to the liquidity used to originate loans, purchase investment securities and fund depositor withdrawals.
The following represents our expanded sources of liquidity as of March 31, 2023:
Total AvailableAmount UsedOutstanding Letters of CreditNet Available
(dollars in thousands)
Internal liquidity sources
Unencumbered securities$601,100 $— $— $601,100 
Other (excess pledged)43,700 — — 43,700 
External liquidity sources
FHLB advances2,041,633 204,679 666,800 1,170,154 
FRB borrowings1,081,368 — — 1,081,368 
Lines with other financial institutions180,000 — — 180,000 
Brokered deposits (1)
1,108,551 18,730 — 1,089,821 
Total liquidity$5,056,352 $223,409 $666,800 $4,166,143 
(1) Reflects internal policy limit. Maximum capacity with CDARs is $1.7 billion.
The brokered deposits included in the table above are a result of our participation in the Certificate of Deposit Account Registry Services (“CDARS”) program as part of an Asset/Liability Committee (“ALCO”) strategy to increase and diversify funding sources. As of March 31, 2023, the outstanding balance of $18.7 million carried an average weighted rate of 3.20% and an average original term of 215 days. These deposits are part of a reciprocal program that allows our depositors to receive expanded FDIC coverage by placing multiple certificates of deposit at other CDARS member banks.
Liquidity available through the Federal Reserve is a result of the FRB Borrower-in-Custody of Collateral program, which enables us to take certain loans that are not being used as collateral at the FHLB and pledge them as collateral for borrowings at the FRB. 
During the first quarter of 2023, the Company increased its liquidity by purchasing $519.0 million in letters of credit from the FHLB of Pittsburgh, which were then used to secure public deposits. This resulted in a similar amount of previously pledged securities becoming unencumbered. Additionally, new short-term borrowings in the amount of $250.0 million were entered into in order to provide additional on-balance sheet liquidity.
First Commonwealth’s long-term liquidity source is its core deposit base. Core deposits are the most stable source of liquidity a bank can have due to the long-term relationship with a deposit customer. The following table shows a breakdown of the components of First Commonwealth’s deposits: 
March 31, 2023December 31, 2022
 (dollars in thousands)
Noninterest-bearing demand deposits(a)
$2,698,225 $2,670,508 
Interest-bearing demand deposits(a)
547,015 357,769 
Savings deposits(a)
5,127,037 4,572,183 
Time deposits862,671 405,009 
Total$9,234,948 $8,005,469 
(a)Balances include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes.
The level of deposits during any period is influenced by factors outside of management’s control, such as the level of short-term and long-term market interest rates and yields offered on competing investments, such as money market mutual funds.
62
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


During the first three months of 2023, total deposits increased $1.2 billion, of which $757.0 million were acquired as part of the Centric acquisition. Interest-bearing demand and savings deposits increased $744.1 million, noninterest-bearing demand deposits increased $27.7 million and time deposits increased $457.7 million.
The estimated total of uninsured deposits was $2.5 billion at March 31, 2023 and $2.1 billion at December 31, 2022. Additionally, $1.0 billion of uninsured deposits are secured by pledged investment securities or letters of credit. Uninsured amounts are estimated based on known account relationships for each depositor and insurance guidelines provided by the FDIC.
Market Risk
The following gap analysis compares the difference between the amount of interest-earning assets and interest-bearing liabilities subject to repricing over a period of time. The ratio of rate-sensitive assets to rate-sensitive liabilities repricing within a one-year period was 0.76 at both March 31, 2023 and December 31, 2022. A ratio of less than one indicates a higher level of repricing liabilities over repricing assets over the next twelve months. The level of First Commonwealth's ratio is largely driven by the modeling of interest-bearing non-maturity deposits, which are included in the analysis as repricing within one year.
Gap analysis has limitations due to the static nature of the model that holds volumes and consumer behaviors constant in all economic and interest rate scenarios. A lower level of rate sensitive assets to rate sensitive liabilities repricing in one year could indicate reduced net interest income in a rising interest rate scenario, and conversely, increased net interest income in a declining interest rate scenario. However, the gap analysis incorporates only the level of interest-earning assets and interest-bearing liabilities and not the sensitivity each has to changes in interest rates. The impact of the sensitivity to changes in interest rates is provided in the table below the gap analysis.
The following is the gap analysis as of March 31, 2023 and December 31, 2022: 
 March 31, 2023
 0-90 Days91-180
Days		181-365
Days		Cumulative
0-365 Days		Over 1 Year
Through 5
Years		Over 5
Years
 (dollars in thousands)
Loans and leases$3,508,121 $396,766 $684,053 $4,588,940 $2,977,254 $1,025,209 
Investments43,472 38,671 76,338 158,481 442,624 719,901 
Other interest-earning assets282,037 — — 282,037 — — 
Total interest-sensitive assets (ISA)3,833,630 435,437 760,391 5,029,458 3,419,878 1,745,110 
Certificates of deposit80,552 87,288 346,430 514,270 347,659 974 
Other deposits5,674,052 — — 5,674,052 — — 
Borrowings407,928 204 409 408,541 3,271 50,590 
Total interest-sensitive liabilities (ISL)6,162,532 87,492 346,839 6,596,863 350,930 51,564 
Gap$(2,328,902)$347,945 $413,552 $(1,567,405)$3,068,948 $1,693,546 
ISA/ISL0.62 4.98 2.19 0.76 9.75 33.84 
Gap/Total assets20.95 %3.13 %3.72 %14.10 %27.61 %15.24 %

63
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


 
64
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


 December 31, 2022
 0-90 Days91-180
Days		181-365
Days		Cumulative
0-365 Days		Over 1 Year
Through 5
Years		Over 5
Years
 (dollars in thousands)
Loans and leases$3,164,495 $354,556 $575,640 $4,094,691 $2,498,042 $978,319 
Investments46,426 35,579 74,962 156,967 461,699 734,221 
Other interest-earning assets29,919 — — 29,919 71 — 
Total interest-sensitive assets (ISA)3,240,840 390,135 650,602 4,281,577 2,959,812 1,712,540 
Certificates of deposit71,976 56,539 102,037 230,552 173,810 955 
Other deposits4,929,952 — — 4,929,952 — — 
Borrowings445,065 50,204 407 495,676 3,256 50,791 
Total interest-sensitive liabilities (ISL)5,446,993 106,743 102,444 5,656,180 177,066 51,746 
Gap$(2,206,153)$283,392 $548,158 $(1,374,603)$2,782,746 $1,660,794 
ISA/ISL0.59 3.65 6.35 0.76 16.72 33.10 
Gap/Total assets22.50 %2.89 %5.59 %14.02 %28.38 %16.94 %

The following table presents an analysis of the potential sensitivity of our annual net interest income to gradual changes in interest rates over a 12-month time frame as compared with net interest income if rates remained unchanged and there are no changes in balance sheet categories.
 
 Net interest income change (12 months) for basis point movements of:
 -200-100+100+200
 (dollars in thousands)
March 31, 2023 ($)$(14,089)$(6,584)$7,008 $13,374 
March 31, 2023 (%)(3.41)%(1.59)%1.70 %3.24 %
December 31, 2022 ($)$(11,973)$(5,486)$5,902 $11,413 
December 31, 2022 (%)(3.12)%(1.43)%1.54 %2.98 %
The following table represents the potential sensitivity of our annual net interest income to immediate changes in interest rates versus if rates remained unchanged and there are no changes in balance sheet categories.
 Net interest income change (12 months) for basis point movements of:
 -200-100+100+200
 (dollars in thousands)
March 31, 2023 ($)$(51,158)$(23,531)$22,066 $42,563 
March 31, 2023 (%)(12.38)%(5.70)%5.34 %10.30 %
December 31, 2022 ($)$(45,361)$(20,166)$18,626 $36,011 
December 31, 2022 (%)(11.83)%(5.26)%4.86 %9.39 %
The analysis and model used to quantify the sensitivity of our net interest income becomes less meaningful in a decreasing 200 basis point scenario given the current interest rate environment. Results of the 100 and 200 basis point interest rate decline scenario are affected by the fact that many of our interest-bearing liabilities are at rates below 1%, with an assumed floor of zero in the model. In the three months ended March 31, 2023 and 2022, the cost of our interest-bearing liabilities averaged 1.27% and 0.22%, respectively, and the yield on our average interest-earning assets, on a fully taxable equivalent basis, averaged 4.86% and 3.33%, respectively.
Asset/liability models require that certain assumptions be made, such as prepayment rates on earning assets and the impact of pricing on non-maturity deposits, which may differ from actual experience. These business assumptions are based upon our experience, business plans and published industry experience. While management believes such assumptions to be reasonable, there can be no assurance that modeled results will approximate actual results.
65
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Credit Risk
First Commonwealth maintains an allowance for credit losses at a level deemed sufficient for losses inherent in the loan and lease portfolio at the date of each statement of financial condition. Management reviews the appropriateness of the allowance on a quarterly basis to ensure that the provision for credit losses has been charged against earnings in an amount necessary to maintain the allowance at a level that is appropriate based on management’s assessment of probable estimated losses.
First Commonwealth’s methodology for assessing the appropriateness of the allowance for credit losses consists of several key elements. These elements include an assessment of individual nonperforming loans with a balance greater than $250 thousand, loss experience trends and other relevant factors.
First Commonwealth also maintains a reserve for unfunded loan commitments and letters of credit based upon credit risk and probability of funding. The reserve totaled $8.2 million at March 31, 2023 and is classified in "Other liabilities" on the unaudited Consolidated Statements of Financial Condition.
We discontinue interest accruals on a loan when, based on current information and events, it is probable that we will be unable to fully collect principal or interest due according to the contractual terms of the loan. A loan is also placed on nonaccrual status when, based on regulatory definitions, the loan is maintained on a “cash basis” due to the weakened financial condition of the borrower. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans, which are placed on nonaccrual status at 150 days past due.
Nonperforming loans are closely monitored on an ongoing basis as part of our loan review and work-out process. The probable risk of loss on these loans is evaluated by comparing the loan balance to the fair value of any underlying collateral or the present value of projected future cash flows. Losses or a specifically assigned allowance for loan losses are recognized where appropriate.
Nonperforming loans and leases, including loans held for sale, increased $8.7 million to $44.2 million at March 31, 2023, compared to $35.5 million at December 31, 2022. The increase in nonperforming loans is primarily a result of $14.9 million in loans acquired from Centric, offset by the removal of $6.4 million in accruing TDR's. The TDR's were eliminated as a result of our adoption of ASU 2022-02. The adoption of this guidance was effective January 1, 2023.
The allowance for credit losses as a percentage of nonperforming loans was 302.67% as of March 31, 2023, compared to 289.98% at December 31, 2022, and 243.38% at March 31, 2022. The amount of individually assessed reserves included in the allowance for nonperforming loans and leases was determined by using fair values obtained from current appraisals and updated discounted cash flow analyses. The allowance for credit losses includes specific reserves of $14.7 million and general reserves of $112.1 million as of March 31, 2023. Specific reserves increased $14.0 million from December 31, 2022, and $14.4 million from March 31, 2022 as a result of individually analyzed PCD loans acquired from Centric.
Criticized loans totaled $189.9 million at March 31, 2023 and represented 2% of the loan portfolio. The level of criticized loans increased as of March 31, 2023 when compared to December 31, 2022, by $57.0 million, or 43%. Classified loans totaled $77.0 million at March 31, 2023 compared to $44.4 million at December 31, 2022, an increase of $32.5 million, or 73%. The increase in criticized loans is the result of PCD loans acquired as part of the Centric acquisition.
The allowance for credit losses was $133.9 million at March 31, 2023, or 1.55% of total loans and leases outstanding, compared to 1.35% reported at December 31, 2022, and 1.31% at March 31, 2022. General reserves, or the portion of the allowance related to loans that were not specifically evaluated, as a percentage of performing loans were 1.38% at March 31, 2023 compared to 1.34% at December 31, 2022 and 1.31% at March 31, 2022.
66
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


The following table provides information related to nonperforming assets, the allowance for credit losses and other credit-related measurements:
 March 31, December 31, 2022 
 2023 2022 
 (dollars in thousands) 
Nonperforming Loans:
Loans on nonaccrual basis$44,234   $20,490 $20,193   
Troubled debt restructured loans on nonaccrual basis  10,090   8,852   
Troubled debt restructured loans on accrual basis  6,887   6,442   
Total nonperforming loans$44,234   $37,467   $35,487   
Loans past due 30 to 90 days and still accruing$15,809 $22,692 $17,949 
Loans past due in excess of 90 days and still accruing$1,440   $1,921   $1,991   
Other real estate owned$424   $667   $534   
Loans held for sale at end of period$11,050 $10,506 $11,869 
Portfolio loans and leases outstanding at end of period$8,656,945   $6,952,112 $7,642,143   
Average loans and leases outstanding$8,301,449 (a) $6,893,628 (a) $7,172,624 (b) 
Nonperforming loans as a percentage of total loans and leases0.51 %0.54 %0.46 %
Provision for credit losses on loans and leases$(580)(a) $(200)(a) $17,521 (b) 
Provision for credit losses - acquisition day 1 non-PCD$10,653 $— $— 
Allowance for credit losses$133,885   $91,188   $102,906   
Net charge-offs$1,173 (a) $1,134 (a) $7,137 (b) 
Net charge-offs as a percentage of average loans and leases outstanding (annualized)0.06 %0.07 %0.10 %
Provision for credit losses as a percentage of net charge-offs (e)
(49.45)%(a) (17.64)%(a) 245.50 %(b) 
Allowance for credit losses as a percentage of end-of-period loans and leases outstanding (c)1.55 %1.31 %1.35 %
Allowance for credit losses as a percentage of nonperforming loans (d)302.67 %243.38 %289.98 %
(a)For the three-month period ended.
(b)For the twelve-month period ended.
(c)Does not include loans held for sale.
(d)Does not include nonperforming loans held for sale.
(e)Does not include provision for credit losses on loans and leases - acquisition day 1 non-PCD
The following tables show the outstanding balances of our loan and lease portfolio and the breakdown of net charge-offs and nonperforming loans, excluding loans held for sale, by loan type as of and for the periods presented:
 
 March 31, 2023December 31, 2022
 Originated
Acquired (1)
Total%Amount%
 (dollars in thousands)
Commercial, financial, agricultural and other$1,226,466 $244,613 $1,471,079 17 %$1,211,706 16 %
Real estate construction460,787 81,115 541,902 6 513,101 7 
Residential real estate2,235,351 88,516 2,323,867 27 2,194,669 29 
Commercial real estate2,458,810 533,120 2,991,930 35 2,425,012 31 
Loans to individuals1,327,504 663 1,328,167 15 1,297,655 17 
Total loans and leases, net of unearned income$7,708,918 $948,027 $8,656,945 100 %$7,642,143 100 %
(1) Includes loans acquired as part of the Centric acquisition plus day 1 gross up of PCD loans.
During the three months ended March 31, 2023, originated loans and leases increased $66.8 million, or 0.9%, compared to balances outstanding at December 31, 2022. As provided in the table above, the acquisition of Centric accounted for $948.0 million of loan growth during the first quarter of 2023.
67
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


Excluding the impact of Centric, real estate construction loans decreased $52.3 million, or 10.2%, due to the completion of commercial real estate projects. Residential real estate grew $40.7 million, or 1.9%, primarily due to originations of closed-end 1-4 family mortgage loans. Commercial real estate loans increased $33.8 million, or 1.4%, primarily due to growth in loans secured by nonresidential property due in part to the completion of several construction projects. Loans to individuals increased $29.8 million, or 2.3%, primarily due to growth in the indirect auto and recreational vehicle portfolio. Commercial, financial, agricultural and other loans increased $14.8 million, as a result of $29.5 million in growth in the equipment finance portfolio.
As indicated in the table below, commercial real estate and commercial, financial and agricultural and other loans represent a significant portion of the nonperforming loans as of March 31, 2023.
For the Three Months Ended March 31, 2023As of March 31, 2023
 Net
Charge-
offs		% of
Total Net
Charge-offs		Net Charge-
offs as a % of
Average
Loans (annualized)		Nonperforming
Loans		% of Total
Nonperforming
Loans		Nonperforming
Loans as a % of
Total Loans
 (dollars in thousands)
Commercial, financial, agricultural and other$504 42.97 %0.03 %$12,364 27.95 %0.14 %
Real estate construction— — — — — — 
Residential real estate41 3.49 — 7,656 17.31 0.09 
Commercial real estate(42)(3.58)— 23,785 53.77 0.28 
Loans to individuals670 57.12 0.03 429 0.97 — 
Total loans and leases, net of unearned income$1,173 100.00 %0.06 %$44,234 100.00 %0.51 %
Net charge-offs for the three months ended March 31, 2023 totaled $1.2 million, compared to $1.1 million for the three months ended March 31, 2022. The most significant charge-offs during the three months ended March 31, 2023 included $0.7 million related to loans to individuals, primarily indirect auto loans and personal credit lines. See discussions related to the provision for credit losses and loans for more information.
Capital Resources
At March 31, 2023, shareholders’ equity was $1.2 billion, an increase of $172.9 million from December 31, 2022. The increase was primarily the result of $141.4 million in stock issued as part of the Centric acquisition, $30.2 million in net income and a $13.1 million increase in the fair value of available for sale investments and interest rate swaps, which are reflected in the Other Comprehensive Income component of capital. Other items impacting capital include increases due to $2.3 million in treasury stock sales, offset by $12.4 million of dividends paid to shareholders and $1.7 million of common stock repurchases. Cash dividends declared per common share were $0.120 for the three months ended March 31, 2023.
First Commonwealth and First Commonwealth Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on First Commonwealth’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, First Commonwealth and First Commonwealth Bank must meet specific capital guidelines that involve quantitative measures of First Commonwealth’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. First Commonwealth’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors.
Effective January 1, 2015, the Company became subject to the new regulatory risk-based capital rules adopted by the federal banking agencies implementing Basel III. The most significant changes included higher minimum capital requirements, as the minimum Tier I capital ratio increased from 4.0% to 6.0% and a new common equity Tier I capital ratio was established with a minimum level of 4.5%. Additionally, the rules improved the quality of capital by providing stricter eligibility criteria for regulatory capital instruments and provide for a phase-in, beginning January 1, 2016, of a capital conservation buffer of 2.5% of risk-weighted assets. This buffer, which was fully phased-in as of January 1, 2019, provides a requirement to hold common equity Tier 1 capital above the minimum risk-based capital requirements, resulting in an effective common equity Tier I risk-weighted asset minimum ratio of 7.0% on a fully phased-in basis.
The Basel III Rules also permit banking organizations with less than $15.0 billion in assets to retain, through a one-time election, the existing treatment for accumulated other comprehensive income, which currently does not affect regulatory capital. The Company elected to retain this treatment, which reduces the volatility of regulatory capital levels.
68
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES


During the second quarter of 2018, First Commonwealth Bank, the Company's banking subsidiary, issued $100 million in subordinated debt, which under the regulatory rules qualifies as Tier II capital. This subordinated debt issuance increased the total risk-based capital ratio by 160 basis points.
In March 2020, regulators issued interim financial rule (“IFR”) “Regulatory Capital Rule: Revised Transition of the Current Expected Losses Methodology for Allowances” in response to the disrupted economic activity from the pandemic. The IFR provides financial institutions that adopt CECL during 2020 with the option to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided by the initial two-year delay (“five-year transition”). The Company adopted CECL effective January 1, 2020 and elected to implement the five-year transition. Regulatory capital levels without the capital benefit at March 31, 2023 for both First Commonwealth and First Commonwealth Bank would have continued to be greater than the amounts needed to be considered “well capitalized”, as the transition provided a capital benefit of approximately 9 to 12 basis points.
As of March 31, 2023, First Commonwealth and First Commonwealth Bank met all capital adequacy requirements to which they are subject and were considered well-capitalized under the regulatory rules. To be considered well capitalized, the Company must maintain minimum Total risk-based capital, Tier I risk-based capital, Tier I leverage ratio and Common equity tier I risk-based capital as set forth in the table below:
 ActualMinimum Capital RequiredRequired to be Considered Well Capitalized
 Capital
Amount		RatioCapital
Amount		RatioCapital
Amount		Ratio
 (dollars in thousands)
Total Capital to Risk Weighted Assets
First Commonwealth Financial Corporation$1,254,691 13.82 %$953,010 10.50 %$907,629 10.00 %
First Commonwealth Bank1,198,565 13.23 951,248 10.50 905,951 10.00 
Tier I Capital to Risk Weighted Assets
First Commonwealth Financial Corporation$1,046,925 11.53 %$771,485 8.50 %$726,103 8.00 %
First Commonwealth Bank990,799 10.94 770,058 8.50 724,760 8.00 
Tier I Capital to Average Assets
First Commonwealth Financial Corporation$1,046,925 10.22 %$409,915 4.00 %$512,393 5.00 %
First Commonwealth Bank990,799 9.69 408,975 4.00 511,219 5.00 
Common Equity Tier I to Risk Weighted Assets
First Commonwealth Financial Corporation$976,925 10.76 %$635,340 7.00 %$589,959 6.50 %
First Commonwealth Bank990,799 10.94 634,165 7.00 588,868 6.50 
On April 24, 2023, First Commonwealth Financial Corporation declared a quarterly dividend of $0.125 per share payable on May 19, 2023 to shareholders of record as of May 5, 2023. The timing and amount of future dividends are at the discretion of First Commonwealth's Board of Directors based upon, among other factors, capital levels, asset quality, liquidity and current and projected earnings.
In October 2021, a share repurchase program was authorized by the Board of Directors for up to an additional $25.0 million in shares of the Company's common stock. As of March 31, 2023, 1,392,361 common shares had been repurchased under this program at an average price of $13.92 per share. On April 24, 2023, the Board of Directors authorized a $25 million increase in the share repurchase program.
New Accounting Pronouncements
In March 2020, FASB released Accounting Standards Update (“ASU”) 2020-04 - Reference Rate Reform (Topic 848), which
provides optional guidance to ease the accounting burden in accounting for, or recognizing the effects from, reference rate
reform on financial reporting. The new standard is a result of the discontinuance of the London Interbank Offered Rate
("LIBOR") as an available benchmark rate. The standard is elective and provides optional expedients and exceptions for
applying GAAP to contracts, hedging relationships, or other transactions that reference LIBOR, or another reference rate
expected to be discontinued. The Company has elected to apply the practical expedient allowing for a contract modification,
due to reference rate reform, to be accounted for as a continuation of the existing contract and does not require contract
remeasurement at the modification date or reassessment of a previous accounting determination. The amendments in the update
are effective for all entities between March 12, 2020 and December 31, 2024 (In December 2022, FASB released ASU
2022-06, which extended the original sunset date in ASU 2020-04 from December 31, 2022 to December 31, 2024). The
Company has established a cross-functional working group to manage the Company’s transition from LIBOR. Products that
69

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
utilize LIBOR have been identified and have incorporated enhanced language to accommodate the transition to alternative
reference rates and the use of LIBOR has been discontinued as an index for new loans. All LIBOR based loans are expected to
be transitioned to a new index by June 30, 2023. The impact of the LIBOR transition is not expected to have a material impact
on the Company's consolidated financial statements.

70
PART II – OTHER INFORMATION
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES
Information appearing in Item 2 of this report under the caption “Market Risk” is incorporated by reference in response to this item.
ITEM 4. Controls and Procedures
We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 under the Securities Exchange Act of 1934 (the “Exchange Act”). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to provide reasonable assurance that the information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms of the Securities and Exchange Commission.
71



 
ITEM 1.     LEGAL PROCEEDINGS
The information required by this item is set forth in Part I, Item 1, Note 6, "Commitments and Contingent Liabilities," which is incorporated herein by reference in response to this item.

ITEM 1A.    RISK FACTORS
There have been no material changes to the risk factors previously disclosed under Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2022, except for the following risk factor.
Risks Related to Recent Events Impacting the Financial Services Industry

Recent events impacting the financial services industry, including the failure of Silicon Valley Bank and                  Signature Bank, have resulted in decreased confidence in banks among some consumer and commercial depositors, other counterparties and investors, as well as significant disruption, volatility and reduced valuations of equity and other securities of banks in the capital markets. These events occurred during a period of rapidly rising interest rates which, among other things, has resulted in unrealized losses in longer duration securities and loans held by banks, more competition for bank deposits and may increase the risk of a potential recession. These recent events have, and could continue to have, an adverse impact on the market price and volatility of the Company’s common stock.

These recent events may also result in potentially adverse changes to laws or regulations governing banks and         bank holding companies or result in the impositions of restrictions through supervisory or enforcement activities, including higher capital requirements, which could have a material impact on our business. Inability to access short-term funding, loss of client deposits or changes in our credit ratings could increase the cost of funding, limit access to capital markets or negatively impact our overall liquidity or capitalization. We may be impacted by concerns regarding the soundness or creditworthiness of other financial institutions, which can cause substantial and cascading disruption within the financial markets and increased expenses. The cost of resolving the recent bank failures may prompt the FDIC to increase its premiums above the recently increased levels or to issue additional special assessments.


ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
    
    On October 26, 2021, a share repurchase program was authorized for up to $25.0 million in shares of the Company's common stock with a $25 million increase in October of 2022. The following table details the amount of shares repurchased under this program in the first quarter of 2023:

Month Ending:Total Number of
Shares
Purchased		Average Price
Paid per Share
(or Unit)		Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs		Maximum Number
of Shares that
May Yet Be
Purchased Under
the Plans or
Programs*
January 31, 2023— $— — 2,099,514 
February 28, 2023— — — 1,929,035 
March 31, 202321,342 13.58 21,342 2,461,312 
Total21,342 $13.58 21,342 
* Remaining number of shares approved under the Plan is based on the market value of the Company's common stock of $14.71 at January 31, 2023, $16.01 at February 28, 2023 and $12.43 at March 31, 2023.

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES
    None
72
PART II – OTHER INFORMATION
FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES

ITEM 4.    MINE SAFETY DISCLOSURES
    Not applicable

ITEM 5.    OTHER INFORMATION
    None
73
Table of Contents
ITEM 6.     EXHIBITS
Exhibit
Number		  Description  Incorporated by Reference to
Filed herewith
Filed herewith
    Filed herewith
    Filed herewith
    Filed herewith
    Filed herewith
101  The following materials from First Commonwealth Financial Corporation’s Quarterly Report on Form 10-Q, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income and Comprehensive Income, (iii) the Consolidated Statements of Changes in Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows, and (v) the Notes to Unaudited Consolidated Financial Statements. Note that XBRL tags are embedded within the document.  Filed herewith

74
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FIRST COMMONWEALTH FINANCIAL CORPORATION
(Registrant)
 
DATED: May 10, 2023 /s/ T. Michael Price
 
T. Michael Price
President and Chief Executive Officer
DATED: May 10, 2023 /s/ James R. Reske
 James R. Reske
Executive Vice President, Chief Financial Officer and Treasurer

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

DISCLAIMER

CompaniesMarketCap is not associated in any way with CoinMarketCap.com
Stock prices are delayed, the delay can range from a few minutes to several hours.
Company logos are from the CompaniesLogo.com logo database and belong to their respective copyright holders. Companies Marketcap displays them for editorial purposes only.

Contact

For inquiries or if you want to report a problem write to hello@8marketcap.com

Links

- Privacy policy

- Terms and conditions

© 2025 CompaniesMarketcap.com