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Fair Values of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Fair Value Inputs, Assets, Quantitative Information
In accordance with ASU No. 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements.
Fair Value (dollars
in thousands)		Valuation
Technique		Unobservable InputsRange /
(weighted average)
June 30, 2021
Other Investments$1,670 CarryingValueN/AN/A
Nonperforming Loans712  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU$2.00 - $2.00 (b)
Oil per BBL/d$50.00 - $50.00 (b)
5,160  (a)Discounted Cash FlowDiscount Rate6.50%
Limited Partnership Investments7,448 Par ValueN/AN/A
December 31, 2020
Other Investments$1,670 CarryingValueN/AN/A
Nonperforming Loans798  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU$1.46 - $1.48 (b)
Oil per BBL/d$36 - $36 (b)
Limited Partnership Investments6,619 Par ValueN/AN/A
 
(a)The remainder of nonperforming loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation.
(b)Unobservable inputs are defined as follows: MMBTU - one million British thermal units; BBL/d - barrels per day.
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The tables below present the balances of assets and liabilities measured at fair value on a recurring basis:
 June 30, 2021
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $6,327 $— $6,327 
Mortgage-Backed Securities - Commercial— 330,468 — 330,468 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 718,627 — 718,627 
Other Government-Sponsored Enterprises— 990 — 990 
Obligations of States and Political Subdivisions— 9,681 — 9,681 
Corporate Securities— 24,437 — 24,437 
Total Securities Available for Sale— 1,090,530 — 1,090,530 
Other Investments— 9,857 1,670 11,527 
Loans Held for Sale— 19,530 — 19,530 
Other Assets(a)
— 39,252 7,448 46,700 
Total Assets$— $1,159,169 $9,118 $1,168,287 
Other Liabilities(a)
$— $43,313 $— $43,313 
Total Liabilities$— $43,313 $— $43,313 
(a)Hedging and non-hedging interest rate derivatives and limited partnership investments
 December 31, 2020
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $7,230 $— $7,230 
Mortgage-Backed Securities - Commercial— 191,180 — 191,180 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 496,033 — 496,033 
Other Government-Sponsored Enterprises— 100,998 — 100,998 
Obligations of States and Political Subdivisions— 11,397 — 11,397 
Corporate Securities— 24,385 — 24,385 
Total Securities Available for Sale— 831,223 — 831,223 
Other Investments— 10,557 1,670 12,227 
Loans Held for Sale— 33,436 — 33,436 
Premises and Equipment, net— 442 — 442 
Other Assets(a)
— 54,362 6,619 60,981 
Total Assets$— $930,020 $8,289 $938,309 
Other Liabilities(a)
$— $61,308 $— $61,308 
Total Liabilities$— $61,308 $— $61,308 
(a)Hedging and non-hedging interest rate derivatives
Schedule of Assets Measured on Non-Recurring Basis
The tables below present the balances of assets measured at fair value on a nonrecurring basis at:
 June 30, 2021
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $32,510 $17,337 $49,847 
Other real estate owned— 655 — 655 
Total Assets$— $33,165 $17,337 $50,502 

 December 31, 2020
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $35,543 $13,604 $49,147 
Other real estate owned— 1,319 — 1,319 
Total Assets$— $36,862 $13,604 $50,466 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques For the six months ended June 30, changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:
 2021
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,670 $6,620 $8,290 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 919 919 
Issuances— — — 
Sales— — — 
Settlements— (91)(91)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $7,448 $9,118 
 
 2020
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,670 $5,795 $7,465 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 611 611 
Issuances— — — 
Sales— — — 
Settlements— — — 
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $6,406 $8,076 
For the three months ended June 30, changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:
 2021
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,670 $7,010 $8,680 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 529 529 
Issuances— — — 
Sales— — — 
Settlements— (91)(91)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $7,448 $9,118 
 
 2020
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,670 $6,223 $7,893 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 183 183 
Issuances— — — 
Sales— — — 
Settlements— — — 
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $6,406 $8,076 
Losses Realized on Assets Measured on Non-Recurring Basis
The following losses were realized on the assets measured on a nonrecurring basis:
 For the Three Months Ended June 30,For the Six Months Ended June 30,
 2021202020212020
 (dollars in thousands)
Nonperforming loans$(2,527)$191 $(2,314)$(6,822)
Other real estate owned— (26)— (76)
Total losses$(2,527)$165 $(2,314)$(6,898)
Carrying Amounts and Fair Values of Financial Instruments
The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:
 June 30, 2021
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$89,505 $89,505 $89,505 $— $— 
Interest-bearing deposits194,948 194,948 194,948 — — 
Securities available for sale1,090,530 1,090,530 — 1,090,530 — 
Securities held to maturity554,225 555,820 — 555,820 — 
Other investments11,527 11,527 — 9,857 1,670 
Loans held for sale19,530 19,530 — 19,530 — 
Loans6,740,535 7,117,132 — 32,510 7,084,622 
Financial liabilities
Deposits7,885,019 7,885,040 — 7,885,040 — 
Short-term borrowings107,372 106,922 — 106,922 — 
Subordinated debt170,694 174,902 — — 174,902 
Long-term debt5,918 6,617 — 6,617 — 
Capital lease obligation6,155 6,155 — 6,155 — 
 December 31, 2020
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$100,009 $100,009 $100,009 $— $— 
Interest-bearing deposits256,572 256,572 256,572 — — 
Securities available for sale831,223 831,223 — 831,223 — 
Securities held to maturity361,844 369,851 — 369,851 — 
Other investments12,227 12,227 — 10,557 1,670 
Loans held for sale33,436 33,436 — 33,436 — 
Loans6,761,183 7,202,763 — 35,543 7,167,220 
Financial liabilities
Deposits7,438,666 7,440,906 — 7,440,906 — 
Short-term borrowings117,373 117,037 — 117,037 — 
Subordinated debt170,612 165,665 — — 165,665 
Long-term debt56,258 57,881 — 57,881 — 
Capital lease obligation6,385 6,385 — 6,385 —