Subordinated Debentures Subordinated Debentures Outstanding (Tables)

6 Months Ended

Jun. 30, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of Subordinated Borrowing [Table Text Block]

Subordinated debentures outstanding are as follows:

				June 30, 2023		December 31, 2022
	Due	Rate	LIBOR Replacement Rate	Amount		Amount
				(dollars in thousands)
Owed to:
First Commonwealth Bank	2028	3-Month LIBOR + 1.845%	3-month CME Term SOFR + 0.26161%	$	49,546	$	49,499
First Commonwealth Bank	2033	5.50% until June 1, 2028, then 3-Month LIBOR + 2.37%	3-month CME Term SOFR + 0.26161%	49,306		49,271
First Commonwealth Financial Corp	2031	4.50% until March 29, 2026, then Prime + 1.00%	N/A - LIBOR not used	6,600		—
First Commonwealth Capital Trust II	2034	3-Month LIBOR + 2.85%	3-month CME Term SOFR + 0.26161%	30,929		30,929
First Commonwealth Capital Trust III	2034	3-Month LIBOR + 2.85%	3-month CME Term SOFR + 0.26161%	41,238		41,238
Total				$	177,619	$	170,937