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Fair Values of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 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)
September 30, 2021
Other Investments$1,670 Carrying ValueN/AN/A
Nonperforming Loans657  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU$2.00 - $2.00 (b)
Oil per BBL/d$50.00 - $50.00 (b)
Limited Partnership Investments14,613 Par ValueN/AN/A
December 31, 2020
Other Investments$1,670 Carrying ValueN/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:
 September 30, 2021
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $5,982 $— $5,982 
Mortgage-Backed Securities - Commercial— 393,707 — 393,707 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 685,426 — 685,426 
Other Government-Sponsored Enterprises— 991 — 991 
Obligations of States and Political Subdivisions— 9,610 — 9,610 
Corporate Securities— 29,240 — 29,240 
Total Securities Available for Sale— 1,124,956 — 1,124,956 
Other Investments— 11,049 1,670 12,719 
Loans Held for Sale— 19,925 — 19,925 
Other Assets(a)
— 34,631 14,613 49,244 
Total Assets$— $1,190,561 $16,283 $1,206,844 
Other Liabilities(a)
$— $38,743 $— $38,743 
Total Liabilities$— $38,743 $— $38,743 
(a)Hedging and non-hedging interest rate derivatives and limited partnership investments
 December 31, 2020
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $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 $— $61,308 
(a)Hedging and non-hedging interest rate derivatives
Schedule of Assets Measured on Non-Recurring Basis
The tables below present the balances of assets measured at fair value on a nonrecurring basis at:
 September 30, 2021
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $24,512 $12,594 $37,106 
Other real estate owned— 631 — 631 
Total Assets$— $25,143 $12,594 $37,737 

 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 nine months ended September 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— 8,113 8,113 
Issuances— — — 
Sales— — — 
Settlements— (120)(120)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $14,613 $16,283 
 
 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— 751 751 
Issuances— — — 
Sales— — — 
Settlements— — — 
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $6,546 $8,216 
For the three months ended September 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 $7,448 $9,118 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 7,194 7,194 
Issuances— — — 
Sales— — — 
Settlements— (29)(29)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $14,613 $16,283 
 
 2020
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,670 $6,406 $8,076 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 140 140 
Issuances— — — 
Sales— — — 
Settlements— — — 
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,670 $6,546 $8,216 
Losses Realized on Assets Measured on Non-Recurring Basis
The following losses were realized on the assets measured on a nonrecurring basis:
 For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2021202020212020
 (dollars in thousands)
Nonperforming loans$(745)$(3,695)$(2,537)$(9,940)
Other real estate owned— (4)— (4)
Total losses$(745)$(3,699)$(2,537)$(9,944)
Carrying Amounts and Fair Values of Financial Instruments
The following table presents carrying amounts and fair values of First Commonwealth’s financial instruments:
 September 30, 2021
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$94,579 $94,579 $94,579 $— $— 
Interest-bearing deposits240,095 240,095 240,095 — — 
Securities available for sale1,124,956 1,124,956 — 1,124,956 — 
Securities held to maturity548,057 547,343 — 547,343 — 
Other investments12,719 12,719 — 11,049 1,670 
Loans held for sale19,925 19,925 — 19,925 — 
Loans6,732,580 7,118,886 — 24,512 7,094,374 
Financial liabilities
Deposits7,936,485 7,936,033 — 7,936,033 — 
Short-term borrowings117,754 117,602 — 117,602 — 
Subordinated debt170,734 175,178 — — 175,178 
Long-term debt5,746 6,385 — 6,385 — 
Capital lease obligation6,039 6,039 — 6,039 — 
 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 —