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Incentive Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [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 2022, 2021 and 2020 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 DateShares issuedGrant PriceVesting DateNumber of Equal Vesting Periods
March 28, 202250,000 $15.46 March 28, 20251
February 17, 202257,000 16.43 February 17, 20251
January 3, 20221,000 16.25 January 3, 20251
December 13, 20212,000 14.83 December 13, 20241
December 9, 20211,000 15.07 December 9, 20241
November 22, 20211,565 15.96 November 22, 20241
November 19, 202124,000 15.81 November 19, 20241
September 27, 20216,000 13.78 September 27, 20241
June 14, 202115,000 14.58 June 1, 20243
February 18, 202184,950 12.77 February 18, 20241
February 20, 202095,300 13.72 February 20, 20231
February 21, 201963,000 14.22 February 22, 20221
February 21, 201915,000 14.22 February 22, 20221
November 26, 20182,000 13.82 November 26, 20211
May 29, 20183,000 15.44 May 29, 20211
March 26, 20182,000 14.08 March 26, 20211
February 26, 201877,500 14.49 February 26, 20211
March 24, 20175,000 12.99 March 24, 20201
March 24, 20177,000 12.99 March 24, 20201
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:
 202220212020
 SharesWeighted
Average
Grant Date
Fair Value
SharesWeighted
Average
Grant Date
Fair Value
SharesWeighted
Average
Grant Date
Fair Value
Outstanding, beginning of the year286,015 $13.82 250,800 $14.13 171,500 $14.27 
Granted108,000 15.98 134,515 13.64 95,300 13.72 
Vested(75,500)14.24 (88,389)14.46 (12,000)12.99 
Forfeited(7,250)13.11 (10,911)13.66 (4,000)13.85 
Outstanding, end of the year311,265 14.48 286,015 13.82 250,800 14.13 
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 2022, 2021 and 2020. These plans were previously approved by the Board of Directors.
Grant DateTarget Share AwardPerformance Period (years)Award if threshold metAward if targets are metAward if superior met Award if threshold not achievedVesting After Performance Period (years)Final vesting
December 30, 201560,000 50December 31, 2020
February 22, 2018102,000 340 %100 %200 %— %0December 31, 2020
February 21, 2019121,900 340 %100 %200 %— %0December 31, 2021
February 20, 2020125,800 340 %100 %200 %— %0December 31, 2022
February 18, 2021143,400 340 %100 %200 %— %0December 31, 2023
February 17, 2022121,200 340 %100 %200 %— %0December 31, 2024
Unvested Target Award
The following table summarizes the estimated unvested target share awards for the Plans as of December 31:
 202220212020
Outstanding, beginning of the year391,100 434,180 442,832 
Granted200,503 143,400 125,800 
Issued(157,251)(158,531)(134,452)
Forfeited— (27,949)— 
Outstanding, end of the year434,352 391,100 434,180