First Commonwealth Bank Mortgage Rates, Fees & Info

Indiana, PA

LEI: VN1JLT1F3FLLVN3FZG89

Tax ID: 25-0964885

5 stars - out of 5 stars, based on 94 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    First Commonwealth Bank is a small bank specializing in Refi and Home Purchase loans. First Commonwealth Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Columbus, Canton, Cleveland, and Cincinnati among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Commonwealth Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Commonwealth Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.52% 10/3/22
    30 Year Conventional Purchase 6.71% 10/3/22
    30 Year Conventional Refi 6.51% 10/3/22
    30 Year FHA Purchase 7.08% 10/3/22
    30 Year FHA Refi 6.94% 10/3/22
    30 Year VA Purchase 6.01% 10/3/22
    30 Year VA Refi 5.93% 10/3/22
    30 Year USDA Purchase 6.69% 10/3/22
    15 Year Conventional Purchase 6.39% 10/3/22
    15 Year Conventional Refi 6.57% 10/3/22
    15 Year Cash-out Refi 6.57% 10/3/22
    15 Year VA Refi 6.46% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,846

    Origination Dollar Volume (All Markets)

    $1,576,580,000

    Employee count

    1,426 Show all (19) awards

    Relative Rate

    First Commonwealth Bank's average 30 year fixed mortgage rate was 1.84%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -1.31%.

    Relative Fees (Closing Costs)

    First Commonwealth Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,985.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PITTSBURGH, PA (FHA|USDA|VA) 3,412 $492,730,000 $144,411 $2,067 2.27%
    COLUMBUS, OH (FHA|USDA|VA) 879 $337,915,000 $384,431 $3,026 2.44%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 595 $89,025,000 $149,622 $2,067 2.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 170 $85,810,000 $504,765 $4,079 2.84%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 252 $79,280,000 $314,603 $3,230 2.64%
    AKRON, OH (FHA|USDA|VA) 157 $56,235,000 $358,185 $3,676 2.86%
    Outside of Metro Areas 463 $46,155,000 $99,687 $942 2.32%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 199 $41,995,000 $211,030 $3,224 2.78%
    JOHNSTOWN, PA (FHA|USDA|VA) 411 $37,605,000 $91,496 $2,504 2.50%
    Indiana, PA (FHA|USDA|VA) 317 $29,815,000 $94,054 $1,589 2.14%
    ALTOONA, PA (FHA|USDA|VA) 297 $27,955,000 $94,125 $1,532 2.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 73 $27,495,000 $376,644 $4,082 2.70%
    WILLIAMSPORT, PA (FHA|USDA|VA) 229 $23,115,000 $100,939 $927 2.41%
    New Castle, PA (FHA|USDA|VA) 208 $19,750,000 $94,952 $1,182 2.34%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 14 $19,160,000 $1,368,571 $3,868 2.58%
    St. Marys, PA (FHA|USDA|VA) 225 $19,125,000 $85,000 $915 2.51%
    Somerset, PA (FHA|USDA|VA) 192 $18,660,000 $97,188 $2,458 2.17%
    DuBois, PA (FHA|USDA|VA) 185 $17,315,000 $93,595 $956 2.41%
    Lock Haven, PA (FHA|USDA|VA) 113 $10,695,000 $94,646 $1,142 2.28%
    Salem, OH (FHA|USDA|VA) 50 $9,810,000 $196,200 $3,269 2.88%
    STATE COLLEGE, PA (FHA|USDA|VA) 71 $8,615,000 $121,338 $1,692 2.13%
    READING, PA (FHA|USDA|VA) 1 $8,505,000 $8,505,000 $0 3.49%
    Lewisburg, PA (FHA|USDA|VA) 55 $7,265,000 $132,091 $1,437 2.43%
    Mount Vernon, OH (FHA|USDA|VA) 17 $4,215,000 $247,941 $3,543 2.83%
    Sunbury, PA (FHA|USDA|VA) 41 $4,125,000 $100,610 $2,276 2.35%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $0 3.75%
    Wilmington, OH (FHA|USDA|VA) 8 $3,380,000 $422,500 $4,689 2.59%
    Wooster, OH (FHA|USDA|VA) 12 $2,660,000 $221,667 $3,915 2.99%
    MANSFIELD, OH (FHA|USDA|VA) 2 $2,570,000 $1,285,000 $0 3.82%
    TOLEDO, OH (FHA|USDA|VA) 9 $2,375,000 $263,889 $3,178 2.88%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 22 $2,320,000 $105,455 $557 2.28%
    Ashtabula, OH (FHA|USDA|VA) 18 $2,300,000 $127,778 $1,998 2.51%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,600,000 $800,000 $5,067 2.50%
    Ashland, OH (FHA|USDA|VA) 4 $1,490,000 $372,500 $4,243 3.16%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,216 2.57%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,335,000 $445,000 $2,590 3.00%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $1,200,000 $600,000 $3,934 2.43%
    Huntingdon, PA (FHA|USDA|VA) 12 $1,160,000 $96,667 $2,109 2.09%
    Sandusky, OH (FHA|USDA|VA) 7 $1,155,000 $165,000 $2,679 2.66%
    SPRINGFIELD, OH (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,035 3.50%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $1,065,000 $152,143 $3,694 2.26%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,050,000 $525,000 $3,927 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $4,954 2.87%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $995,000 $995,000 $2,482 3.25%
    Marion, OH (FHA|USDA|VA) 6 $990,000 $165,000 $2,090 2.65%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 5 $985,000 $197,000 $4,063 2.40%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $935,000 $935,000 $7,211 2.63%
    Bellefontaine, OH (FHA|USDA|VA) 2 $910,000 $455,000 $2,822 2.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $895,000 $179,000 $4,498 3.26%
    ERIE, PA (FHA|USDA|VA) 5 $875,000 $175,000 $3,169 1.79%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $850,000 $425,000 $2,304 1.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $820,000 $410,000 $4,705 2.69%
    Marietta, OH (FHA|USDA|VA) 2 $760,000 $380,000 $3,923 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $735,000 $245,000 $3,314 3.29%
    WHEELING, WV-OH (FHA|USDA|VA) 4 $680,000 $170,000 $4,297 2.65%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $655,000 $655,000 $5,631 3.13%
    Zanesville, OH (FHA|USDA|VA) 2 $610,000 $305,000 $3,425 3.00%
    Meadville, PA (FHA|USDA|VA) 4 $570,000 $142,500 $2,933 2.64%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $555,000 $111,000 $2,724 2.30%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $9,934 3.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,396 2.75%
    Warren, PA (FHA|USDA|VA) 1 $435,000 $435,000 $6,002 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,259 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $380,000 $190,000 $2,991 3.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $380,000 $190,000 $2,324 3.19%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $365,000 $365,000 $2,036 3.13%
    Pottsville, PA (FHA|USDA|VA) 3 $365,000 $121,667 $4,118 3.46%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $6,378 3.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $350,000 $175,000 $2,438 3.56%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,850 3.13%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $340,000 $170,000 $1,871 2.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $315,000 $315,000 $3,700 3.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $310,000 $155,000 $3,336 1.93%
    LANCASTER, PA (FHA|USDA|VA) 3 $275,000 $91,667 $1,136 2.87%
    Bradford, PA (FHA|USDA|VA) 4 $270,000 $67,500 $466 3.03%
    RICHMOND, VA (FHA|USDA|VA) 1 $265,000 $265,000 $2,643 2.99%
    Oil City, PA (FHA|USDA|VA) 2 $230,000 $115,000 $438 2.99%
    Clarksburg, WV (FHA|USDA|VA) 1 $225,000 $225,000 $6,187 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,575 2.99%
    Chillicothe, OH (FHA|USDA|VA) 1 $225,000 $225,000 $5,159 3.13%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $220,000 $110,000 $73 1.99%
    Norwalk, OH (FHA|USDA|VA) 1 $215,000 $215,000 $2,657 2.88%
    Coldwater, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,500 2.63%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,652 3.25%
    Urbana, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.99%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,668 3.25%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.99%
    Selinsgrove, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.99%
    Lewistown, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,864 2.88%
    Findlay, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.99%
    CHARLESTON, WV (FHA|USDA|VA) 1 $25,000 $25,000 $317 2.99%

    First Commonwealth Bank's top markets include Pittsburgh, Columbus, Canton, Cleveland, and Cincinnati among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against First Commonwealth Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Reliance Savings Bank
    Similarity Rank: 144
    The Muncy Bank and Trust Company
    Similarity Rank: 196
    TRI BORO
    Similarity Rank: 208
    HORIZON Federal Credit Union
    Similarity Rank: 228
    CINFED Federal Credit Union
    Similarity Rank: 288
    Greenville Federal
    Similarity Rank: 396
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    Day Air Credit Union, Inc
    Similarity Rank: 432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,569 $1,262,815,000 $226,758 $2,036 3.06%
    HELOC 3,021 $274,395,000 $90,829 n/a 1.10%
    FHA 123 $17,925,000 $145,732 $6,010 2.68%
    USDA 87 $10,735,000 $123,391 $4,967 2.80%
    VA 46 $10,710,000 $232,826 $5,749 2.47%

    For 2021, First Commonwealth Bank's most frequently originated type of loan was Conventional, with 5,569 originations. Their 2nd most popular type was HELOC, with 3,021 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4,448 $731,180,000 $164,384 $1,225 2.47%
    Home Purchase 2,036 $672,450,000 $330,280 $4,420 3.14%
    Home Improvement 1,253 $89,275,000 $71,249 $227 1.55%
    Other 1,109 $83,675,000 $75,451 $645 1.55%

    For 2021, First Commonwealth Bank's most frequently cited loan purpose was Refi, with 4,448 originations. The 2nd most popular reason was Home Purchase, with 2,036 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,818 $686,170,000 $142,418 $3,985 1.84%
    15 Year 1,684 $214,850,000 $127,583 $814 2.96%
    20 Year 654 $108,120,000 $165,321 $1,097 3.37%
    10 Year 580 $104,450,000 $180,086 $302 3.02%
    30+ year 489 $233,165,000 $476,820 $5,447 3.15%
    Other 401 $88,275,000 $220,137 $1,057 2.84%
    5 Year 214 $66,010,000 $308,458 $177 2.38%
    3 Year 6 $75,540,000 $12,590,000 $0 3.41%

    For 2021, First Commonwealth Bank's most frequently cited loan duration was 30 Year, with 4,818 originations. The 2nd most popular length was 15 Year, with 1,684 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,544 $816,050,000 $179,588
    $1k-2k 720 $138,700,000 $192,639
    $2k-3k 164 $44,970,000 $274,207
    $3k-4k 43 $15,215,000 $353,837
    $5k+ 23 $15,055,000 $654,565
    $4k-5k 15 $7,685,000 $512,333

    First Commonwealth Bank's average total fees were $3,985, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,544 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 3,568 $436,760,000 $122,410
    2.5-3% 3,085 $580,525,000 $188,177
    3-4% 2,075 $538,145,000 $259,347
    4-5% 106 $18,440,000 $173,962
    5-6% 11 $2,695,000 $245,000
    6-7% 1 $15,000 $15,000

    During 2021, First Commonwealth Bank's average interest rate for loans was 1.84%, while their most frequently originated rate bucket for loans was <2.5%, with 3,568 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,082 $222,530,000 $54,515 $861 2.13%
    $100k-200k 2,647 $363,855,000 $137,459 $1,933 2.44%
    $200k-400k 1,408 $387,750,000 $275,391 $3,484 2.69%
    $400k-600k 480 $229,860,000 $478,875 $4,700 2.91%
    $600k-1MM 184 $135,730,000 $737,663 $5,608 3.02%
    $1MM+ 45 $236,855,000 $5,263,444 $9,730 3.39%

    2021 saw First Commonwealth Bank place emphasis on $100,000 or less loans with 4,082 originations, totaling $222,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,850 $196,630,000 $106,286 $1,913 2.34%
    $100k-150k 1,787 $320,355,000 $179,270 $2,317 2.37%
    $50k or less 1,711 $127,565,000 $74,556 $1,916 2.39%
    $75k-100k 1,422 $187,640,000 $131,955 $1,925 2.32%
    $150k-250k 1,164 $290,370,000 $249,459 $2,763 2.34%
    $250k+ 513 $182,405,000 $355,565 $3,772 2.20%

    First Commonwealth Bank lent most frequently to those with incomes in the $50k-75k range, with 1,850 originations. The second most popular income band? $100k-150k, with 1,787 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,483 $341,515,000 $137,541 $1,824 2.28%
    30-36% 1,535 $244,865,000 $159,521 $2,345 2.36%
    <20% 1,458 $181,430,000 $124,438 $1,329 2.17%
    44% 481 $67,335,000 $139,990 $1,685 2.10%
    43% 295 $46,365,000 $157,169 $2,372 2.28%
    41% 281 $50,065,000 $178,167 $2,692 2.45%
    39% 280 $53,240,000 $190,143 $2,549 2.47%
    36% 272 $45,270,000 $166,434 $2,747 2.45%
    40% 271 $42,865,000 $158,173 $2,544 2.36%
    42% 270 $42,280,000 $156,593 $2,423 2.49%
    38% 255 $41,255,000 $161,784 $2,363 2.35%
    37% 238 $41,540,000 $174,538 $2,811 2.45%
    45% 102 $24,250,000 $237,745 $3,530 2.81%
    49% 96 $29,050,000 $302,604 $4,504 2.99%
    46% 84 $18,800,000 $223,810 $3,292 2.79%
    47% 78 $22,180,000 $284,359 $4,117 2.92%
    48% 64 $18,470,000 $288,594 $4,308 2.95%
    50-60% 37 $8,415,000 $227,432 $5,581 2.63%

    First Commonwealth Bank lent most frequently to those with DTI ratios of 20-30%, with 2,483 originations. The next most common DTI ratio? 30-36%, with 1,535 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,713 $1,162,265,000 $150,689 $2,156 2.35%
    Not applicable 202 $249,700,000 $1,236,139 $0 3.89%
    Not provided 654 $107,770,000 $164,786 $2,189 2.10%
    Black 161 $25,675,000 $159,472 $3,169 3.00%
    Asian 81 $23,965,000 $295,864 $4,232 2.19%
    Asian Indian 13 $2,965,000 $228,077 $3,470 1.68%
    American Indian 14 $1,790,000 $127,857 $2,591 2.52%
    Chinese 1 $985,000 $985,000 $6,105 3.38%
    Other Asian 4 $760,000 $190,000 $2,335 2.69%
    Native Hawaiian or Islander 2 $440,000 $220,000 $4,721 2.00%
    Other Pacific Islander 1 $265,000 $265,000 $3,711 3.00%

    Approval Rates

    Total approvals of all applications
    76.49%

    First Commonwealth Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.66%

    First Commonwealth Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,846 $1,576,580,000 $178,225

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,846 $1,576,580,000 $178,225

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,791 $164,685,000 $91,951 $544 1.89%
    40-60% 1,582 $250,990,000 $158,654 $1,272 2.37%
    60-80% 2,493 $700,045,000 $280,804 $2,263 2.75%
    80-100% 1,694 $407,840,000 $240,756 $4,012 2.94%
    Over 100% 8 $1,930,000 $241,250 $9,336 2.44%
    Under 20% 1,276 $50,900,000 $39,890 $224 1.58%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%
    FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
    FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Commonwealth Bank 10149 Brewster Lane Powell, OH 43065 Full Service B&M $90,793
    First Commonwealth Bank 100 Central Plaza South Canton, OH 44702 Full Service B&M $88,201
    First Commonwealth Bank 100 North Main Street Butler, PA 16001 Full Service B&M $155,482
    First Commonwealth Bank 1001 Scalp Avenue Johnstown, PA 15904 Full Service B&M $93,460
    First Commonwealth Bank 1541 Menoher Boulevard Johnstown, PA 15905 Full Service B&M $29,910
    First Commonwealth Bank 1626 Pitt Street Jennerstown, PA 15547 Full Service B&M $59,956
    First Commonwealth Bank 198 Park Manor Drive Pittsburgh, PA 15205 Full Service B&M $81,310
    First Commonwealth Bank 199 South Sandusky Street Delaware, OH 43015 Full Service B&M $39,997
    First Commonwealth Bank 20 South Main Street Muncy, PA 17756 Full Service B&M $45,971
    First Commonwealth Bank 200 South Chestnut Street Derry, PA 15627 Full Service B&M $24,807
    First Commonwealth Bank 2000 Pittsburgh Mills Blvd Tarentum, PA 15084 Full Service B&M $81,339
    First Commonwealth Bank 2009 Pleasant Valley Blvd Altoona, PA 16602 Full Service B&M $63,287
    First Commonwealth Bank 2040 North Center Avenue Somerset, PA 15501 Full Service B&M $33,635
    First Commonwealth Bank 2150 Locust Street South Canal Fulton, OH 44614 Full Service B&M $82,037
    First Commonwealth Bank 2210 Ardmore Boulevard Pittsburgh, PA 15221 Full Service B&M $80,201
    First Commonwealth Bank 222 Allegheny Street Jersey Shore, PA 17740 Full Service B&M $30,317
    First Commonwealth Bank 2984 E Pleasant Valley Blvd Altoona, PA 16601 Full Service B&M $41,515
    First Commonwealth Bank 301 Mount Lebanon Blvd Pittsburgh, PA 15234 Full Service B&M $48,550
    First Commonwealth Bank 301 Shiffler Avenue Williamsport, PA 17701 Full Service B&M $65,805
    First Commonwealth Bank 308 East Gorgas Street Louisville, OH 44641 Full Service B&M $64,409
    First Commonwealth Bank 3100 Oakland Ave., Unit 27 Indiana, PA 15701 Full Service B&M $51,379
    First Commonwealth Bank 311 Ski Gap Road Claysburg, PA 16625 Full Service B&M $48,986
    First Commonwealth Bank 311 West Barr St Mc Donald, PA 15057 Full Service B&M $46,731
    First Commonwealth Bank 3112 Elton Road Johnstown, PA 15904 Full Service B&M $34,148
    First Commonwealth Bank 315 Mill Street Danville, PA 17821 Full Service B&M $36,294
    First Commonwealth Bank 339 Mansfield Avenue Pittsburgh, PA 15220 Full Service B&M $37,960
    First Commonwealth Bank 3430 Wilmington Road New Castle, PA 16105 Full Service B&M $53,594
    First Commonwealth Bank 3521 Erie Avenue Cincinnati, OH 45208 Full Service B&M $11,586
    First Commonwealth Bank 436 Magee Avenue Patton, PA 16668 Full Service B&M $40,475
    First Commonwealth Bank 448 Bellefonte Avenue Lock Haven, PA 17745 Full Service B&M $72,032
    First Commonwealth Bank 4555 Belden Village St, N.W. Canton, OH 44718 Full Service B&M $146,451
    First Commonwealth Bank 4600 Main Street Munhall, PA 15120 Full Service B&M $107,853
    First Commonwealth Bank 4730 Montgomery Road Norwood, OH 45212 Full Service B&M $24,463
    First Commonwealth Bank 4900 Liberty Avenue Pittsburgh, PA 15224 Full Service B&M $80,598
    First Commonwealth Bank 5 North Main Street Du Bois, PA 15801 Full Service B&M $113,327
    First Commonwealth Bank 5 South Fourth Street Youngwood, PA 15697 Full Service B&M $73,110
    First Commonwealth Bank 500 East Waterfront Dr Homestead, PA 15120 Full Service B&M $68,995
    First Commonwealth Bank 510 Grant Street Ste 150 Pittsburgh, PA 15219 Full Service B&M $191,507
    First Commonwealth Bank 5167 William Flynn Highway Gibsonia, PA 15044 Full Service B&M $49,588
    First Commonwealth Bank 520 Butler Crossing Butler, PA 16001 Full Service B&M $28,095
    First Commonwealth Bank 6252 Middlebranch Ave, N.E. Canton, OH 44721 Full Service B&M $87,644
    First Commonwealth Bank 647 N. High St Columbus, OH 43215 Full Service B&M $39,161
    First Commonwealth Bank 6514 Route 22 Delmont, PA 15626 Full Service B&M $56,924
    First Commonwealth Bank 6999 Crider Road Mars, PA 16046 Full Service B&M $35,970
    First Commonwealth Bank 708 West High Street Ebensburg, PA 15931 Full Service B&M $47,818
    First Commonwealth Bank 709 Hannah Street Houtzdale, PA 16651 Full Service B&M $33,139
    First Commonwealth Bank 7125 W Branch Hwy Lewisburg, PA 17837 Full Service B&M $58,027
    First Commonwealth Bank 7319 Sawmill Parkway Powell, OH 43065 Full Service B&M $16,383
    First Commonwealth Bank 744 Little Deer Creek Valley Road Russellton, PA 15076 Full Service B&M $43,539
    First Commonwealth Bank 75 South Miller Drive Sunbury, OH 43074 Full Service B&M $92,599
    First Commonwealth Bank 750 East Pittsburgh Street Greensburg, PA 15601 Full Service B&M $98,469
    First Commonwealth Bank 80 Wagner Road Monaca, PA 15061 Full Service B&M $16,318
    First Commonwealth Bank 1189 Freedom Road Cranberry Township, PA 16066 Full Service B&M $29,342
    First Commonwealth Bank 1201 E. Main Street Brockway, PA 15824 Full Service B&M $38,527
    First Commonwealth Bank 125 West Main Street Saxonburg, PA 16056 Full Service B&M $102,621
    First Commonwealth Bank 140 Lincoln Way West Massillon, OH 44646 Full Service B&M $75,895
    First Commonwealth Bank 1400 Graham Avenue Windber, PA 15963 Full Service B&M $59,137
    First Commonwealth Bank 14303 Clearfield-Shawville Highway Clearfield, PA 16830 Full Service B&M $32,449
    First Commonwealth Bank 1506 Rt 30 Ligonier, PA 15658 Full Service B&M $57,664
    First Commonwealth Bank 152 Market Street Leechburg, PA 15656 Full Service B&M $0
    First Commonwealth Bank 1525 Third Avenue Duncansville, PA 16635 Full Service B&M $58,631
    First Commonwealth Bank 1527 Lincoln Way White Oak, PA 15131 Full Service B&M $79,902
    First Commonwealth Bank 1535 North Atherton St State College, PA 16803 Full Service B&M $67,484
    First Commonwealth Bank 1540 Oakland Avenue, Unit 4 Indiana, PA 15701 Full Service B&M $36,234
    First Commonwealth Bank 223 Main Street Brookville, PA 15825 Full Service B&M $64,753
    First Commonwealth Bank 2254 Route 119 Homer City, PA 15748 Full Service B&M $32,325
    First Commonwealth Bank 25 Garfield Place Cincinnati, OH 45202 Full Service B&M $96,478
    First Commonwealth Bank 250 Main Street Beech Creek, PA 16822 Full Service B&M $28,669
    First Commonwealth Bank 2501 East Carson Street Pittsburgh, PA 15203 Full Service B&M $0
    First Commonwealth Bank 2501 Sharky's Drive Latrobe, PA 15650 Full Service B&M $64,441
    First Commonwealth Bank 251 South Market Street Williamsport, PA 17702 Full Service B&M $22,249
    First Commonwealth Bank 2547 West State St New Castle, PA 16101 Full Service B&M $88,477
    First Commonwealth Bank 27 East Washington Street New Castle, PA 16101 Full Service B&M $70,689
    First Commonwealth Bank 2704 Lincoln Way East Massillon, OH 44646 Full Service B&M $68,708
    First Commonwealth Bank 2724 Harts Run Road Allison Park, PA 15101 Full Service B&M $59,946
    First Commonwealth Bank 2917 Whipple Avenue, N.W. Canton, OH 44708 Full Service B&M $57,511
    First Commonwealth Bank 355 Broad Street Montoursville, PA 17754 Full Service B&M $52,123
    First Commonwealth Bank 364 Erie Avenue Renovo, PA 17764 Full Service B&M $33,574
    First Commonwealth Bank 367 Main Street Kersey, PA 15846 Full Service B&M $49,520
    First Commonwealth Bank 38 Greensburg Street Delmont, PA 15626 Full Service B&M $84,068
    First Commonwealth Bank 3880 Old William Penn Highway Murrysville, PA 15668 Full Service B&M $88,687
    First Commonwealth Bank 4000 Hempfield Plaza Blvd Ste 901 Greensburg, PA 15601 Full Service B&M $60,961
    First Commonwealth Bank 4021 Freeport Road Natrona Heights, PA 15065 Full Service B&M $112,200
    First Commonwealth Bank 41 North Sandusky Street Delaware, OH 43015 Full Service B&M $183,733
    First Commonwealth Bank 4198 Washington Road Mc Murray, PA 15317 Full Service B&M $62,473
    First Commonwealth Bank 4200 Park Avenue Ashtabula, OH 44004 Full Service B&M $55,735
    First Commonwealth Bank 428 Station Street Bridgeville, PA 15017 Full Service B&M $98,678
    First Commonwealth Bank 4300 East Broad Street Whitehall, OH 43213 Full Service B&M $25,685
    First Commonwealth Bank 53 East Market Street Blairsville, PA 15717 Full Service B&M $57,948
    First Commonwealth Bank 5355 Shaffer Road Dubois, PA 15801 Full Service B&M $55,593
    First Commonwealth Bank 537 Mahoning Street Milton, PA 17847 Full Service B&M $32,692
    First Commonwealth Bank 548 Rock Run Road Elizabeth, PA 15037 Full Service B&M $63,550
    First Commonwealth Bank 55 Alpha Drive West Pittsburgh, PA 15238 Full Service B&M $42,039
    First Commonwealth Bank 550 Market Place Drive Oakdale, PA 15071 Full Service B&M $51,814
    First Commonwealth Bank 5594 Wales Avenue, N.W. Massillon, OH 44646 Full Service B&M $101,266
    First Commonwealth Bank 573 West Mahoning Street Punxsutawney, PA 15767 Full Service B&M $82,077
    First Commonwealth Bank 600 Philadelphia Street Indiana, PA 15701 Full Service B&M $302,638
    First Commonwealth Bank 601 Hancock Avenue Vandergrift, PA 15690 Full Service B&M $42,094
    First Commonwealth Bank 6015 Mountain View Drive West Mifflin, PA 15122 Full Service B&M $82,351
    First Commonwealth Bank 6156 Highland Lakes Avenue Westerville, OH 43081 Full Service B&M $132,578
    First Commonwealth Bank 803 South Center Avenue Hunker, PA 15639 Full Service B&M $51,479
    First Commonwealth Bank 81 Gallopers Ridge East Lewis Center, OH 43035 Full Service B&M $67,815
    First Commonwealth Bank 8291 State Rt. 22 New Alexandria, PA 15670 Full Service B&M $78,541
    First Commonwealth Bank 8470 William Penn Road Osterburg, PA 16667 Full Service B&M $57,573
    First Commonwealth Bank 900 Saxonburg Blvd Pittsburgh, PA 15223 Full Service B&M $94,719
    First Commonwealth Bank 920 Philadelphia Avenue Northern Cambria, PA 15714 Full Service B&M $35,628
    First Commonwealth Bank 9503 Lincoln Hwy, Lincoln Center Bedford, PA 15522 Full Service B&M $32,138
    First Commonwealth Bank 954 State Route 28 Milford, OH 45150 Full Service B&M $18,667
    First Commonwealth Bank 980 West Central Avenue Suite A Delaware, OH 43015 Full Service B&M $63,114
    First Commonwealth Bank 9960 Springfield Pike Cincinnati, OH 45215 Full Service B&M $10,743
    First Commonwealth Bank Baptist And Grove Rd. Pittsburgh, PA 15236 Full Service B&M $73,503
    First Commonwealth Bank Rt 220 And North Juniata St Hollidaysburg, PA 16648 Full Service B&M $109,734
    First Commonwealth Bank 1047 Franklin Street Johnstown, PA 15905 Full Service B&M $94,618
    First Commonwealth Bank 108 East Mill Street Saint Marys, PA 15857 Full Service B&M $102,065
    First Commonwealth Bank 11 Pine Creek Road Wexford, PA 15090 Full Service B&M $54,797
    First Commonwealth Bank 110 Riverbend Avenue Lewis Center, OH 43035 Full Service B&M $0
    First Commonwealth Bank 110 Riverbend Avenue Powell, OH 43065 Full Service Cyber Office $0
    First Commonwealth Bank 110 Village Dr Greensburg, PA 15601 Full Service B&M $57,379
    First Commonwealth Bank 1100 30th Street, N.W. Canton, OH 44709 Full Service B&M $54,444
    First Commonwealth Bank 1105 South Braddock Avenue Pittsburgh, PA 15218 Full Service B&M $57,700
    First Commonwealth Bank 111 South Main Street Greensburg, PA 15601 Full Service B&M $145,476
    First Commonwealth Bank 1147 South Leechburg Hill Leechburg, PA 15656 Full Service B&M $161,115
    First Commonwealth Bank 1164 Philadelphia Street Indiana, PA 15701 Limited, Drive-thru $0

    For 2021, First Commonwealth Bank had 123 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $293,809
    Net interest income $281,717
    Total noninterest income $108,571
    Gross Fiduciary activities income $11,111
    Service charges on deposit accounts $17,984
    Trading account gains and fees $0
    Additional Noninterest Income $79,476
    Pre-tax net operating income $180,637
    Securities gains (or losses, -) $16
    Income before extraordinary items $144,442
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $144,442
    Minority interest net income $0
    Net income $144,442
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $144,429

    First Commonwealth Bank's gross interest income from loans was $293,809,000.
    First Commonwealth Bank's net interest income from loans was $281,717,000.
    First Commonwealth Bank's fee based income from loans was $17,984,000.
    First Commonwealth Bank's net income from loans was $144,442,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,092
    Provision for credit losses $-1,376
    Total noninterest expense $211,027
    Salaries and employee benefits $120,162
    Premises and equipment expense $33,043
    Additional noninterest expense $57,822
    Applicable income taxes $36,211
    Net charge-offs $8,410
    Cash dividends $72,135

    First Commonwealth Bank's interest expense for loans was $12,092,000.
    First Commonwealth Bank's payroll and benefits expense were $120,162,000.
    First Commonwealth Bank's property, plant and equipment expenses $33,043,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 3.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.6%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $7,990,384
    Deposits held in domestic offices $7,990,384
    Deposits by Individuals, partnerships, and corporations $7,403,213
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $586,077
    Deposits by Commercial banks and other depository institutions in U.S. $1,094
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $831,822
    Demand deposits $540,346
    Nontransaction accounts $7,158,562
    Money market deposit accounts (MMDAs) $4,810,435
    Other savings deposits (excluding MMDAs) $1,963,084
    Total time deposits $385,043
    Total time and savings deposits $7,450,038
    Noninterest-bearing deposits $2,666,669
    Interest-bearing deposits $5,323,715
    Retail deposits $7,938,737
    IRAs and Keogh plan accounts $77,751
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,521,721
    Cash & Balances due from depository institutions $389,676
    Interest-bearing balances $306,029
    Total securities $1,581,944
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,765,282
    Loan and leases loss allowance $92,522
    Trading account assets $0
    Bank premises and fixed assets $117,461
    Other real estate owned $642
    Goodwill and other intangibles $309,373
    All other assets $357,343

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,521,721
    Total Liabilities $8,377,042
    Total deposits $7,990,384
    Interest-bearing deposits $5,323,715
    Deposits held in domestic offices $7,990,384
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $138,315
    Trading liabilities $0
    Other borrowed funds $11,494
    Subordinated debt $98,608
    All other liabilities $138,241

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,765,282
    Loan and leases loss allowance $92,522
    Total loans and leases (domestic) $6,857,804
    All real estate loans $4,684,386
    Real estate loans in domestic offices $4,684,386
    Construction and development loans $494,868
    Residential 1-4 family construction $112,104
    Other construction, all land development and other land $382,764
    Loans secured by nonfarm nonresidential properties $1,865,677
    Nonfarm nonresidential secured by owner-occupied properties $402,132
    Commercial real estate & other non-farm, non-residential $1,463,545
    Multifamily residential real estate $385,432
    1-4 family residential loans $1,936,707
    Farmland loans $1,702
    Loans held in foreign offices $0
    Farm loans $808
    Commercial and industrial loans $1,015,016
    To non-U.S. addressees $0
    Loans to individuals $999,966
    Credit card loans $11,151
    Related Plans $41,658
    Consumer Auto Loans $901,280
    Other loans to individuals $45,877
    All other loans & leases $157,628
    Loans to foreign governments and official institutions $0
    Other loans $25,175
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,961
    Non 1-4 family restructured loans & leases $3,325
    Total loans and leases (foreign) $0

    First Commonwealth Bank had $6,765,282,000 of loans outstanding in 2021. $4,684,386,000 of loans were in real estate loans. $494,868,000 of loans were in development loans. $385,432,000 of loans were in multifamily mortgage loans. $1,936,707,000 of loans were in 1-4 family mortgage loans. $808,000 of loans were in farm loans. $11,151,000 of loans were in credit card loans. $901,280,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,427 $270,630 $189,650
    Nonfarm, nonresidential loans - <$100k 341 $11,352 $33,290
    Nonfarm, nonresidential loans - $100-250k 485 $50,374 $103,864
    Nonfarm, nonresidential loans - $250k-1MM 601 $208,904 $347,594
    Commercial & Industrial, US addressed loans - <$1MM 7,853 $211,195 $26,894
    Commercial & Industrial, US addressed loans - <$100k 6,895 $67,866 $9,843
    Commercial & Industrial, US addressed loans - $100-250k 480 $40,105 $83,552
    Commercial & Industrial, US addressed loans - $250k-1MM 478 $103,224 $215,950
    Farmland loans - <$1MM 19 $1,624 $85,474
    Farmland loans - <$100k 7 $183 $26,143
    Farmland loans - $100-250k 10 $918 $91,800
    Farmland loans - $250k-1MM 2 $523 $261,500
    Agriculture operations loans - <$1MM 20 $803 $40,150
    Agriculture operations loans - <$100k 18 $393 $21,833
    Agriculture operations loans - $100-250k 1 $59 $59,000
    Agriculture operations loans - $250k-1MM 1 $351 $351,000