Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Statements of Financial Condition

Statements of Financial Condition	December 31,
	2016		2015
	(dollars in thousands)
Assets
Cash	$	30,387	$	10,003
Loans	19		22
Investment in subsidiaries	770,214		719,073
Investment in unconsolidated subsidiary trusts	2,185		2,182
Investment in jointly-owned company	9,042		8,978
Premises and equipment, net	3,793		3,780
Receivable from subsidiaries	33		441
Dividends receivable from subsidiaries	4,662		714
Other assets	2,453		47,631
Total assets	$	822,788	$	792,824
Liabilities and Shareholders’ Equity
Accrued expenses and other liabilities	$	692	$	1,111
Subordinated debentures payable	72,167		72,167
Shareholders’ equity	749,929		719,546
Total liabilities and shareholders’ equity	$	822,788	$	792,824

Statements of Operations

Statements of Income	For the years ended December 31,
	2016			2015			2014
	(dollars in thousands)
Interest and dividends	$	1		$	1		$	1
Dividends from subsidiaries	55,510			49,917			49,207
Interest expense	(2,635		)	(2,357		)	(2,335		)
Other income	83			232			1,251
Operating expense	(4,700		)	(4,989		)	(6,766		)
Income (loss) before taxes and equity in undistributed (loss) earnings of subsidiaries	48,259			42,804			41,358
Applicable income tax benefits	2,515			2,528			2,968
Income before equity in undistributed (loss) earnings of subsidiaries	50,774			45,332			44,326
Equity in undistributed earnings (loss) of subsidiaries	8,816			4,811			127
Net income	$	59,590		$	50,143		$	44,453

Statements of Cash Flow

	For the years ended December 31,
Statements of Cash Flow	2016			2015			2014
	(dollars in thousands)
Operating Activities
Net income	$	59,590		$	50,143		$	44,453
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	355			493			2,150
Net gain (loss) on sales of assets	—			240			—
Decrease (increase) in prepaid income taxes	7,380			(6,993		)	(487		)
Undistributed equity in subsidiaries	(8,816		)	(4,811		)	(127		)
Other net	7,759			10,753			13,077
Net cash provided by operating activities	66,268			49,825			59,066
Investing Activities
Net change in loans	3			2			3
Purchases of premises and equipment	—			54			(47		)
Proceeds from sale of other assets	(332		)	—			13
Proceeds from dissolution of subsidiary	27,017			—			—
Investment in subsidiaries	(47,017		)	—			—
Net cash (used in) provided by investing activities	(20,329		)	56			(31		)
Financing Activities
Discount on dividend reinvestment plan purchases	—			—			(65		)
Dividends paid	(24,907		)	(25,089		)	(26,174		)
Proceeds from reissuance of treasury stock	216			192			192
Purchase of treasury stock	(864		)	(25,383		)	(30,956		)
Net cash used in financing activities	(25,555		)	(50,280		)	(57,003		)
Net increase (decrease) in cash	20,384			(399		)	2,032
Cash at beginning of year	10,003			10,402			8,370
Cash at end of year	$	30,387		$	10,003		$	10,402