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Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Subordinated Debentures [Abstract]  
Subordinated Debentures Outstanding
Subordinated debentures outstanding at December 31 are as follows:
 
 
 
2019
 
2018
 
Due
 
Amount
 
Rate
 
Amount
 
Rate
 
 
 
(dollars in thousands)
Owed to:
 
 
 
 
 
 
 
 
 
First Commonwealth Bank
2028-06-01
 
$
49,222

 
4.875% until June 1, 2023, then LIBOR + 1.845%
 
$
49,131

 
4.875% until June 1, 2023, then LIBOR + 1.845%
First Commonwealth Bank
2033-06-01
 
49,061

 
5.50% until June 1, 2028,
then LIBOR + 2.37%
 
48,990

 
5.50% until June 1, 2028,
then LIBOR + 2.37%
First Commonwealth Capital Trust II
2034-01-23
 
30,929

 
LIBOR + 2.85
 
30,929

 
LIBOR + 2.85
First Commonwealth Capital Trust III
2034-04-06
 
41,238

 
LIBOR + 2.85
 
41,238

 
LIBOR + 2.85
Total
 
 
$
170,450

 
 
 
$
170,288