Capital

12 Months Ended

Dec. 31, 2013

Disclosure Capital Additional Information [Abstract]

Capital

Capital

On June 19, 2012 First Commonwealth announced a $50.0 million common stock repurchase program. On January 29, 2013, an additional share repurchase program was authorized for up to $25.0 million in shares of the Company’s common stock. As of December 31, 2013, First Commonwealth has purchased 10,116,039 shares at an average price of $6.88 per share.

The Company amended its Dividend Reinvestment Plan (“DRIP”) during the second quarter of 2009 to provide the flexibility to raise capital by selling up to 5,000,000 shares of common stock through the DRIP. These shares may be sold pursuant to routine reinvested dividends, as well as optional cash purchases. During 2013, 2012 and 2011, there were no shares issued under this program.