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Incentive Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following provides detail on the restricted stock awards which were issued and outstanding in 2015, 2014 and 2013 in order to retain and attract key employees. The grant date fair value of the restricted stock awards is equal to the price of First Commonwealth’s common stock on grant date.
Grant Date
Shares issued
Grant Price
Vesting Date
Number of Equal Vesting Periods
 
 
 
 
 
June 26, 2015
1,000

$
9.84

June 26, 2018
1
February 20, 2015
10,000

8.45

February 20, 2018
1
February 20, 2015
34,200

8.45

December 31, 2015
1
February 5, 2015
50,000

8.55

February 5, 2018
1
January 29, 2015
20,170

7.93

December 31, 2015
1
January 15, 2015
20,000

8.38

January 15, 2017
1
November 17, 2014
3,500

9.26

November 17, 2017
1
April 8, 2014
27,500

8.89

April 8, 2017
3
March 24, 2014
46,000

9.18

March 24, 2017
1
March 4, 2014
5,000

8.75

March 4, 2017
1
January 1, 2014
12,626

8.82

December 31, 2014
1
August 16, 2013
3,000

7.57

August 16, 2016
1
May 31, 2013
45,000

7.21

May 31, 2016
3
March 1, 2013
10,000

7.35

March 1, 2016
1
February 24, 2012
34,000

5.96

December 31, 2014
1
February 24, 2012
90,000

5.96

February 24, 2015
1
January 1, 2012
100,000

5.26

January 1, 2016
4
November 21, 2011
10,000

4.41

November 21, 2014
1
April 1, 2011
25,000

6.82

April 1, 2016
1
Unvested Service-Based Restricted Stock Awards
A summary of the status of First Commonwealth’s unvested service-based restricted stock awards as of December 31 and changes for the years ended on those dates is presented below:
 
2015
 
2014
 
2013
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding, beginning of the year
265,000

 
$
7.08

 
271,000

 
$
6.07

 
253,000

 
$
5.71

Granted
135,370

 
8.41

 
94,626

 
9.03

 
58,000

 
7.25

Vested
(168,536
)
 
6.87

 
(98,487
)
 
6.18

 
(35,000
)
 
5.46

Forfeited

 

 
(2,139
)
 
5.96

 
(5,000
)
 
5.96

Outstanding, end of the year
231,834

 
8.01

 
265,000

 
7.08

 
271,000

 
6.07

Schedule of Restricted Stock Units Granted Based on Performance [Table Text Block]
The following provides detail on restricted stock awards estimated to be granted on a performance award basis during 2015, 2014 and 2013. These plans were previously approved by the Board of Directors.
Grant Date
Target Share Award
Performance Period (years)
Award if threshold met
Award if targets are met
Award if superior met
Award if threshold not achieved
Vesting After Performance Period (years)
Final vesting
January 17, 2011
54,166

3
40
%
100
%
200
%
%
1
January 17, 2014
February 24, 2012
68,000

3
40
%
100
%
200
%
%
1
December 31, 2015
January 28, 2013
128,611

3
40
%
100
%
200
%
%
1
December 31, 2016
January 27, 2014
125,000

3
40
%
100
%
200
%
%
0
December 31, 2016
January 26, 2015
125,000

3
40
%
100
%
200
%
%
0
December 31, 2017
December 30, 2015
60,000

5
 
 
 
 
0
December 31, 2020
Unvested Target Award
The following table summarizes the estimated unvested target share awards for the Plans as of December 31:
 
2015
 
2014
 
2013
Outstanding, beginning of the year
284,000

 
250,777

 
151,333

Granted
185,000

 
126,389

 
138,611

Issued
(34,200
)
 
(12,626
)
 

Forfeited
(114,095
)
 
(80,540
)
 
(39,167
)
Outstanding, end of the year
320,705

 
284,000

 
250,777

Outstanding Stock Options
A summary of the status of First Commonwealth’s outstanding stock options as of December 31 and changes for the years ended on those dates is presented below:
 
12/31/2015
 
12/31/2014
 
12/31/2013
 
Shares
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
Outstanding, beginning of the year
15,000

 
$
14.55

 
27,000

 
$
14.49

 
196,322

 
$
11.64

Granted

 

 

 

 

 

Exercised

 

 

 

 

 

Forfeited
(15,000
)
 
14.55

 
(12,000
)
 
14.41

 
(169,322
)
 
11.19

Balance, end of the year

 

 
15,000

 
14.55

 
27,000

 
14.49

Exercisable at the end of the year

 

 
15,000

 
14.55

 
27,000

 
14.49