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Fair Values of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value Inputs, Assets, Quantitative Information
In accordance with ASU No. 2011-04, 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, 2023
Other Investments$6,182 Carrying ValueN/AN/A
Nonperforming Loans253  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU
$3.00 - $3.00 (b)
Oil per BBL/d
$80.00 - $80.00 (b)
Limited Partnership Investments26,397 Par ValueN/AN/A
December 31, 2022
Other Investments$1,170 Carrying ValueN/AN/A
Nonperforming Loans363  (a)Gas Reserve StudyDiscount rate10.00%
Gas per MMBTU
$3.00 - $3.00 (b)
Oil per BBL/d
$80.00 - $80.00 (b)
Limited Partnership Investments17,691 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, 2023
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $3,426 $— $3,426 
Mortgage-Backed Securities - Commercial— 364,811 — 364,811 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 411,258 — 411,258 
Other Government-Sponsored Enterprises— 887 — 887 
Obligations of States and Political Subdivisions— 7,753 — 7,753 
Corporate Securities— 29,468 — 29,468 
Total Securities Available for Sale— 817,603 — 817,603 
Other Investments— 42,797 6,182 48,979 
Loans Held for Sale— 33,127 — 33,127 
Other Assets(a)
— 65,834 26,397 92,231 
Total Assets$— $959,361 $32,579 $991,940 
Other Liabilities(a)
$— $99,441 $— $99,441 
Total Liabilities$— $99,441 $— $99,441 
(a)Hedging and non-hedging interest rate derivatives and limited partnership investments
 December 31, 2022
 Level 1Level 2Level 3Total
 (dollars in thousands)
Obligations of U.S. Government Agencies:
Mortgage-Backed Securities - Residential$— $3,983 $— $3,983 
Mortgage-Backed Securities - Commercial— 271,416 — 271,416 
Obligations of U.S. Government-Sponsored Enterprises:
Mortgage-Backed Securities - Residential— 448,989 — 448,989 
Other Government-Sponsored Enterprises— 882 — 882 
Obligations of States and Political Subdivisions— 8,187 — 8,187 
Corporate Securities— 29,204 — 29,204 
Total Securities Available for Sale— 762,661 — 762,661 
Other Investments— 25,244 1,170 26,414 
Loans Held for Sale— 11,869 — 11,869 
Other Assets(a)
— 50,738 17,691 68,429 
Total Assets$— $850,512 $18,861 $869,373 
Other Liabilities(a)
$— $89,298 $— $89,298 
Total Liabilities$— $89,298 $— $89,298 
(a)Hedging and non-hedging interest rate derivatives
Schedule of Assets Measured on Non-Recurring Basis
The tables below present the balances of assets measured at fair value on a nonrecurring basis at the dates shown below:
 September 30, 2023
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $21,934 $9,764 $31,698 
Other real estate owned— 834 — 834 
Total Assets$— $22,768 $9,764 $32,532 

 December 31, 2022
 Level 1Level 2Level 3Total
 (dollars in thousands)
Nonperforming loans$— $23,140 $11,636 $34,776 
Other real estate owned— 553 — 553 
Total Assets$— $23,693 $11,636 $35,329 
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:
 2023
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,170 $17,691 $18,861 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases5,000 9,161 14,161 
Issuances— — — 
Sales— — — 
Settlements— (512)(512)
Transfers from Level 3— — — 
Transfers into Level 312 57 69 
Balance, end of period$6,182 $26,397 $32,579 
 
 2022
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,170 $14,981 $16,151 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 1,809 1,809 
Issuances— — — 
Sales— — — 
Settlements— (192)(192)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,170 $16,598 $17,768 
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:
 2023
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$6,182 $25,011 $31,193 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 1,544 1,544 
Issuances— — — 
Sales— — — 
Settlements— (158)(158)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$6,182 $26,397 $32,579 
 
 2022
 Other InvestmentsOther
Assets		Total
 (dollars in thousands)
Balance, beginning of period$1,170 $16,613 $17,783 
Total gains or losses
Included in earnings— — — 
Included in other comprehensive income— — — 
Purchases, issuances, sales and settlements
Purchases— 26 26 
Issuances— — — 
Sales— — — 
Settlements— (41)(41)
Transfers from Level 3— — — 
Transfers into Level 3— — — 
Balance, end of period$1,170 $16,598 $17,768 
Losses Realized on Assets Measured on Non-Recurring Basis
The following losses were realized on the assets measured on a nonrecurring basis:
 For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2023202220232022
 (dollars in thousands)
Nonperforming loans$(4,598)$(2,200)$(5,265)$(2,653)
Other real estate owned— — — — 
Total losses$(4,598)$(2,200)$(5,265)$(2,653)
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, 2023
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$122,982 $122,982 $122,982 $— $— 
Interest-bearing deposits214,088 214,088 214,088 — — 
Securities available for sale817,603 817,603 — 817,603 — 
Securities held to maturity429,558 341,646 — 341,646 — 
Other investments48,979 48,979 — 42,797 6,182 
Loans held for sale33,127 33,127 — 33,127 — 
Loans and leases8,901,725 8,683,023 — 21,934 8,661,089 
Financial liabilities
Deposits9,241,065 9,227,226 — 9,227,226 — 
Short-term borrowings544,060 539,688 — 539,688 — 
Subordinated debt177,679 149,252 — — 149,252 
Long-term debt4,310 4,142 — 4,142 — 
Capital lease obligation5,028 5,028 — 5,028 — 
 December 31, 2022
  Fair Value Measurements Using:
 Carrying
Amount		TotalLevel 1Level 2Level 3
 (dollars in thousands)
Financial assets
Cash and due from banks$124,254 $124,254 $124,254 $— $— 
Interest-bearing deposits29,990 29,990 29,990 — — 
Securities available for sale762,661 762,661 — 762,661 — 
Securities held to maturity461,162 386,205 — 386,205 — 
Other investments26,414 26,414 — 25,244 1,170 
Loans held for sale11,869 11,869 — 11,869 — 
Loans and leases7,642,143 7,639,721 — 23,140 7,616,581 
Financial liabilities
Deposits8,005,469 7,992,012 — 7,992,012 — 
Short-term borrowings372,694 363,135 — 363,135 — 
Subordinated debt170,937 156,621 — — 156,621 
Long-term debt4,862 4,781 — 4,781 — 
Capital lease obligation5,425 5,425 — 5,425 —