Other Long-term Debt

Other long-term debt at December 31 follows:



	2013						2012
	Amount		Weighted Average Contractual Rate		Weighted Average Effective Rate		Amount		Weighted Average Contractual Rate		Weighted Average Effective Rate
	(dollars in thousands)
Borrowings from FHLB due:
2013							$	30,085	2.32	%	2.32	%
2014	$	57,892	1.13	%	1.13	%	57,890		1.13		1.13
2015	79,971		0.82		0.82		79,970		0.82		0.82
2016	389		4.64		4.64		387		4.64		4.64
2017	407		4.64		4.64		405		4.64		4.64
2018	426		4.64		4.64
Thereafter	5,300		4.66		4.66		5,734		4.66		4.66
Total	$	144,385					$	174,471

The weighted average contractual rate reflects the rate due to creditors. The weighted average effective rate of long-term debt in the schedule above includes the effect of purchase accounting valuation adjustments that were recorded in connection with prior business combinations.

All of First Commonwealth’s Federal Home Loan Bank stock, along with an interest in mortgage loans and mortgage backed securities—residential has been pledged as collateral with the Federal Home Loan Bank of Pittsburgh.

Capital securities included in total long-term debt on the Consolidated Statements of Financial Condition are excluded from the above, but are described in Note 17 “Subordinated Debentures.”

Scheduled loan payments for other long-term debt are summarized below:



	2014		2015		2016		2017		2018		Thereafter		Total
	(dollars in thousands)
Long-term debt payments	$	57,854	$	79,971	$	389	$	407	$	426	$	5,300	$	144,347
Purchase valuation amortization	38		—		—		—		—		—		38
Total	$	57,892	$	79,971	$	389	$	407	$	426	$	5,300	$	144,385

The amounts on the purchase valuation amortization row in the table above include fair market adjustments from prior business combinations.