|   |
|---|
|   |  |
| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|        |
|--------|
|        |  |
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|                                          |
|------------------------------------------|
|                                          |  |  |
| Pennsylvania                             |   | 25-1428528 |
| (State or other jurisdiction of          |   | (I.R.S. Employer |
| incorporation or organization)           |   | Identification No.) |
|                                     |   |   |
| 601 Philadelphia Street, Indiana, PA     |   | 15701 |
| (Address of principal executive offices) |   | (Zip Code) |

----

----

Table of Contents

|              |
|--------------|
|              |  |  |
|         |   | PAGE |
|         |   |   |
| PART I. | Financial Information |   |
|         |   |   |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 3 |
|         |   |   |
| PART II.     | Other Information | 22 |
|         |   |   |
| ITEM 6.      | Exhibits | 22 |
|         |   |   |
|         | Signatures | 23 |

----

Table of Contents

|         |                                                                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | continued weakness in economic and business conditions, both nationally and in our markets, which could cause deterioration in credit quality, a further reduction in demand for credit and/or a further decline in real estate values; |

|         |                                                                           |
|---------|---------------------------------------------------------------------------|
| • | prolonged low interest rates, which could reduce our net interest margin; |

|         |                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | increases in defaults by borrowers and other delinquencies, which could result in increases in our provision for credit losses and related expenses; |

|         |                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | further declines in the market value of investment securities that are considered to be other-than-temporary, which would negatively impact our earnings and capital levels; |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | cyber-attacks and fraud, which could disrupt our systems and services, breach the privacy of our customer and business information or result in loss of client assets; |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | further declines in the valuations of real estate, which could negatively affect the creditworthiness of our borrowers and the value of collateral securing our loans; |

|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | the assumptions used in calculating the appropriate amount to be placed into our allowance for credit losses may prove to be inaccurate; |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | restrictions or conditions imposed by our regulators on our operations may make it more difficult for us to achieve our goals; |

|         |                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | legislative and regulatory changes, including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related regulations, subject us to additional regulatory oversight which may result in increased compliance costs and/or require us to change our business model; |

|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | changes in accounting standards and compliance requirements may have an adverse affect on our operating results and financial condition; |

|         |                                                                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | competitive pressures among depository and other financial institutions, some of which may have greater financial resources or more attractive product or service offerings, may adversely affect growth or profitability of our products and services; and |

|         |                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | other risks and uncertainties described in this report and in the other reports that we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K. |

----

----

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |
|                                                                      | 2013 | 2012 |
|                                                                      | (dollars in thousands) |
| Interest income per Condensed Consolidated Statements of Income           | $ | 102,742 |  | $ | 111,328 |  |
| Adjustment to fully taxable equivalent basis                              | 2,058 |  | 2,307 |  |
| Interest income adjusted to fully taxable equivalent basis (non-GAAP)     | 104,800 |  | 113,635 |  |
| Interest expense                                                          | 11,626 |  | 16,240 |  |
| Net interest income adjusted to fully taxable equivalent basis (non-GAAP) | $ | 93,174 |  | $ | 97,395 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            | 2013 | 2012 |
|                                                            | AverageBalance | Income /Expense (a) | YieldorRate | AverageBalance | Income /Expense (a) | YieldorRate |
|                                                            | (dollars in thousands) |
| Assets                                                          |   |   |   |   |   |   |
| Interest-earning assets:                                        |   |   |   |   |   |   |
| Interest-bearing deposits with banks                            | $ | 3,149 |  | $ | 3 |  | 0.19 | % | $ | 3,580 |  | $ | 2 |  | 0.11 | % |
| Tax-free investment securities (e)                              | 85 |  | 3 |  | 7.40 |  | 454 |  | 16 |  | 7.09 |  |
| Taxable investment securities                                   | 1,281,409 |  | 14,494 |  | 2.28 |  | 1,192,914 |  | 16,868 |  | 2.84 |  |
| Loans, net of unearned income (b)(c)                            | 4,242,800 |  | 90,300 |  | 4.29 |  | 4,129,977 |  | 96,749 |  | 4.71 |  |
| Total interest-earning assets                                   | 5,527,443 |  | 104,800 |  | 3.82 |  | 5,326,925 |  | 113,635 |  | 4.29 |  |
| Noninterest-earning assets:                                     |   |   |   |   |   |   |
| Cash                                                            | 71,883 |  |   |   | 74,069 |  |   |   |
| Allowance for credit losses                                     | (66,572 | ) |   |   | (64,203 | ) |   |   |
| Other assets                                                    | 568,260 |  |   |   | 586,509 |  |   |   |
| Total noninterest-earning assets                                | 573,571 |  |   |   | 596,375 |  |   |   |
| Total Assets                                                    | $ | 6,101,014 |  |   |   | $ | 5,923,300 |  |   |   |
| Liabilities and Shareholders’ Equity                      |   |   |   |   |   |   |
| Interest-bearing liabilities:                                   |   |   |   |   |   |   |
| Interest-bearing demand deposits (d)                            | $ | 677,879 |  | $ | 130 |  | 0.04 | % | $ | 636,382 |  | $ | 158 |  | 0.05 | % |
| Savings deposits (d)                                            | 1,940,790 |  | 1,682 |  | 0.17 |  | 1,928,454 |  | 2,299 |  | 0.24 |  |
| Time deposits                                                   | 1,179,196 |  | 6,386 |  | 1.09 |  | 1,184,338 |  | 9,433 |  | 1.60 |  |
| Short-term borrowings                                           | 400,827 |  | 507 |  | 0.26 |  | 378,407 |  | 506 |  | 0.27 |  |
| Long-term debt                                                  | 250,569 |  | 2,921 |  | 2.35 |  | 195,614 |  | 3,844 |  | 3.95 |  |
| Total interest-bearing liabilities                              | 4,449,261 |  | 11,626 |  | 0.53 |  | 4,323,195 |  | 16,240 |  | 0.76 |  |
| Noninterest-bearing liabilities and shareholders’ equity: |   |   |   |   |   |   |
| Noninterest-bearing demand deposits (d)                         | 861,486 |  |   |   | 780,611 |  |   |   |
| Other liabilities                                               | 48,064 |  |   |   | 50,519 |  |   |   |
| Shareholders’ equity                                      | 742,203 |  |   |   | 768,975 |  |   |   |
| Total noninterest-bearing funding sources                       | 1,651,753 |  |   |   | 1,600,105 |  |   |   |
| Total Liabilities and Shareholders’ Equity                | $ | 6,101,014 |  |   |   | $ | 5,923,300 |  |   |   |
| Net Interest Income and Net Yield on Interest-Earning Assets    |   | $ | 93,174 |  | 3.40 | % |   | $ | 97,395 |  | 3.68 | % |

|     |                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|
| (a) | Income on interest-earning assets has been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate. |

|     |                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------|
| (b) | Income on nonaccrual loans is accounted for on the cash basis, and the loan balances are included in interest-earning assets. |

|     |                                        |
|-----|----------------------------------------|
| (c) | Loan income includes loan fees earned. |

|     |                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d) | Average balances do not include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes. |

|     |                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------|
| (e) | Yield for six-months ended June 30, 2013 calculated using fully taxable equivalent interest income of $3,112. |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |  |
|                                 |   | Analysis of Year-to-Year Changes in Net Interest Income |
|                                 |   | TotalChange |   | Change Due ToVolume |   | Change Due ToRate (a) |
|                                 |   | (dollars in thousands) |
| Interest-earning assets:             |   |   |   |   |   |   |
| Interest-bearing deposits with banks |   | $ | 1 |  |   | $ | — |  |   | $ | 1 |  |
| Tax-free investment securities       |   | (13 | ) |   | (13 | ) |   | — |  |
| Taxable investment securities        |   | (2,374 | ) |   | 1,250 |  |   | (3,624 | ) |
| Loans                                |   | (6,449 | ) |   | 2,642 |  |   | (9,091 | ) |
| Total interest income (b)            |   | (8,835 | ) |   | 3,879 |  |   | (12,714 | ) |
| Interest-bearing liabilities:        |   |   |   |   |   |   |
| Interest-bearing demand deposits     |   | (28 | ) |   | 10 |  |   | (38 | ) |
| Savings deposits                     |   | (617 | ) |   | 15 |  |   | (632 | ) |
| Time deposits                        |   | (3,047 | ) |   | (41 | ) |   | (3,006 | ) |
| Short-term borrowings                |   | 1 |  |   | 30 |  |   | (29 | ) |
| Long-term debt                       |   | (923 | ) |   | 1,079 |  |   | (2,002 | ) |
| Total interest expense               |   | (4,614 | ) |   | 1,093 |  |   | (5,707 | ) |
| Net interest income                  |   | $ | (4,221 | ) |   | $ | 2,786 |  |   | $ | (7,007 | ) |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (a) | Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to rate variances. |

|     |                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Changes in interest income have been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate. |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |
|                                          | 2013 |   | 2012 |
|                                          | Dollars | Percentage |   | Dollars | Percentage |
|                                          | (dollars in thousands) |
| Commercial, financial, agricultural and other | $ | 10,680 |  | 70 | % |   | $ | 4,495 |  | 56 |  % |
| Real estate construction                      | 14 |  | — |  |   | 1,493 |  | 18 |  |
| Residential real estate                       | 362 |  | 2 |  |   | 554 |  | 7 |  |
| Commercial real estate                        | 2,817 |  | 19 |  |   | (968 | ) | (12 | ) |
| Loans to individuals                          | 1,428 |  | 9 |  |   | 1,439 |  | 18 |  |
| Unallocated                                   | (4 | ) | — |  |   | 1,071 |  | 13 |  |
| Total                                         | $ | 15,297 |  | 100 | % |   | $ | 8,084 |  | 100 |  % |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          |   | June 30, 2013 |   | June 30, 2012 |   | December 31, 2012 |
|                                          |   | (dollars in thousands) |
| Balance, beginning of period                  |   | $ | 67,187 |  |   | $ | 61,234 |  |   | $ | 61,234 |  |
| Loans charged off:                            |   |   |   |   |   |   |
| Commercial, financial, agricultural and other |   | 14,221 |  |   | 3,668 |  |   | 5,207 |  |
| Real estate construction                      |   | 755 |  |   | 340 |  |   | 3,601 |  |
| Residential real estate                       |   | 643 |  |   | 2,454 |  |   | 3,828 |  |
| Commercial real estate                        |   | 9,238 |  |   | 541 |  |   | 851 |  |
| Loans to individuals                          |   | 1,755 |  |   | 1,738 |  |   | 3,482 |  |
| Total loans charged off                       |   | 26,612 |  |   | 8,741 |  |   | 16,969 |  |
| Recoveries of loans previously charged off:   |   |   |   |   |   |   |
| Commercial, financial, agricultural and other |   | 264 |  |   | 275 |  |   | 443 |  |
| Real estate construction                      |   | 59 |  |   | 92 |  |   | 582 |  |
| Residential real estate                       |   | 812 |  |   | 282 |  |   | 422 |  |
| Commercial real estate                        |   | 108 |  |   | 186 |  |   | 410 |  |
| Loans to individuals                          |   | 337 |  |   | 264 |  |   | 521 |  |
| Total recoveries                              |   | 1,580 |  |   | 1,099 |  |   | 2,378 |  |
| Net credit losses                             |   | 25,032 |  |   | 7,642 |  |   | 14,591 |  |
| Provision charged to expense                  |   | 15,297 |  |   | 8,084 |  |   | 20,544 |  |
| Balance, end of period                        |   | $ | 57,452 |  |   | $ | 61,676 |  |   | $ | 67,187 |  |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       |   | 2013 |   | 2012 |   | $ Change |   | % Change |
|                                       |   | (dollars in thousands) |
| Noninterest Income:                        |   |   |   |   |   |   |   |   |
| Trust income                               |   | $ | 3,271 |  |   | $ | 3,149 |  |   | $ | 122 |  |   | 4 |  % |
| Service charges on deposit accounts        |   | 7,216 |  |   | 7,239 |  |   | (23 | ) |   | — |  |
| Insurance and retail brokerage commissions |   | 2,801 |  |   | 3,094 |  |   | (293 | ) |   | (9 | ) |
| Income from bank owned life insurance      |   | 2,860 |  |   | 2,904 |  |   | (44 | ) |   | (2 | ) |
| Card related interchange income            |   | 6,678 |  |   | 6,399 |  |   | 279 |  |   | 4 |  |
| Other income                               |   | 5,215 |  |   | 6,382 |  |   | (1,167 | ) |   | (18 | ) |
| Subtotal                                   |   | 28,041 |  |   | 29,167 |  |   | (1,126 | ) |   | (4 | ) |
| Net securities gains                       |   | 8 |  |   | — |  |   | 8 |  |   | N/A |  |
| Gain on sale of assets                     |   | 700 |  |   | 3,559 |  |   | (2,859 | ) |   | (80 | ) |
| Derivatives mark to market                 |   | 1,067 |  |   | 750 |  |   | 317 |  |   | 42 |  |
| Total noninterest income                   |   | $ | 29,816 |  |   | $ | 33,476 |  |   | $ | (3,660 | ) |   | (11 | )% |

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    |   | 2013 |   | 2012 |   | $ Change |   | % Change |
|                                    |   | (dollars in thousands) |
| Noninterest Expense:                    |   |   |   |   |   |   |   |   |
| Salaries and employee benefits          |   | $ | 43,290 |  |   | $ | 44,121 |  |   | $ | (831 | ) |   | (2 | )% |
| Net occupancy expense                   |   | 6,856 |  |   | 6,707 |  |   | 149 |  |   | 2 |  |
| Furniture and equipment expense         |   | 6,569 |  |   | 6,208 |  |   | 361 |  |   | 6 |  |
| Data processing expense                 |   | 3,019 |  |   | 3,359 |  |   | (340 | ) |   | (10 | ) |
| Pennsylvania shares tax expense         |   | 2,707 |  |   | 2,693 |  |   | 14 |  |   | 1 |  |
| Intangible amortization                 |   | 655 |  |   | 742 |  |   | (87 | ) |   | (12 | ) |
| Collection and repossession expense     |   | 2,002 |  |   | 3,369 |  |   | (1,367 | ) |   | (41 | ) |
| Other professional fees and services    |   | 1,917 |  |   | 2,139 |  |   | (222 | ) |   | (10 | ) |
| FDIC insurance                          |   | 2,134 |  |   | 2,499 |  |   | (365 | ) |   | (15 | ) |
| Other operating expenses                |   | 12,144 |  |   | 12,974 |  |   | (830 | ) |   | (6 | ) |
| Subtotal                                |   | 81,293 |  |   | 84,811 |  |   | (3,518 | ) |   | (4 | ) |
| Loss on sale or write-down of assets    |   | 530 |  |   | 3,789 |  |   | (3,259 | ) |   | (86 | ) |
| Loss on redemption of subordinated debt |   | 1,629 |  |   | — |  |   | 1,629 |  |   | N/A |  |
| Total noninterest expense               |   | $ | 83,452 |  |   | $ | 88,600 |  |   | $ | (5,148 | ) |   | (6 | )% |

----

----

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |
|                                                                      | 2013 |   | 2012 |
|                                                                      | (dollars in thousands) |
| Interest income per Condensed Consolidated Statements of Income           | $ | 50,981 |  |   | $ | 54,712 |  |
| Adjustment to fully taxable equivalent basis                              | 1,030 |  |   | 1,090 |  |
| Interest income adjusted to fully taxable equivalent basis (non-GAAP)     | 52,011 |  |   | 55,802 |  |
| Interest expense                                                          | 5,283 |  |   | 7,794 |  |
| Net interest income adjusted to fully taxable equivalent basis (non-GAAP) | $ | 46,728 |  |   | $ | 48,008 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | 2013 |   | 2012 |
|                                                            |   | AverageBalance |   | Income /Expense (a) |   | YieldorRate |   | AverageBalance |   | Income /Expense (a) |   | YieldorRate |
|                                                            |   | (dollars in thousands) |
| Assets                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits with banks                            |   | $ | 2,954 |  |   | $ | 2 |  |   | 0.27 | % |   | $ | 3,384 |  |   | $ | 1 |  |   | 0.12 | % |
| Tax-free investment securities (e)                              |   | 84 |  |   | 2 |  |   | 7.41 |  |   | 452 |  |   | 8 |  |   | 7.12 |  |
| Taxable investment securities                                   |   | 1,327,714 |  |   | 7,349 |  |   | 2.22 |  |   | 1,207,053 |  |   | 8,298 |  |   | 2.76 |  |
| Loans, net of unearned income (b)(c)                            |   | 4,262,773 |  |   | 44,658 |  |   | 4.20 |  |   | 4,144,470 |  |   | 47,495 |  |   | 4.61 |  |
| Total interest-earning assets                                   |   | 5,593,525 |  |   | 52,011 |  |   | 3.73 |  |   | 5,355,359 |  |   | 55,802 |  |   | 4.19 |  |
| Noninterest-earning assets:                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                                                            |   | 73,123 |  |   |   |   |   |   | 74,465 |  |   |   |   |   |
| Allowance for credit losses                                     |   | (64,333 | ) |   |   |   |   |   | (63,948 | ) |   |   |   |   |
| Other assets                                                    |   | 569,028 |  |   |   |   |   |   | 579,371 |  |   |   |   |   |
| Total noninterest-earning assets                                |   | 577,818 |  |   |   |   |   |   | 589,888 |  |   |   |   |   |
| Total Assets                                                    |   | $ | 6,171,343 |  |   |   |   |   |   | $ | 5,945,247 |  |   |   |   |   |
| Liabilities and Shareholders’ Equity                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits (d)                            |   | $ | 689,644 |  |   | $ | 65 |  |   | 0.04 | % |   | $ | 648,244 |  |   | $ | 61 |  |   | 0.04 | % |
| Savings deposits (d)                                            |   | 1,940,868 |  |   | 762 |  |   | 0.16 |  |   | 1,905,168 |  |   | 994 |  |   | 0.21 |  |
| Time deposits                                                   |   | 1,216,403 |  |   | 3,180 |  |   | 1.05 |  |   | 1,165,009 |  |   | 4,588 |  |   | 1.58 |  |
| Short-term borrowings                                           |   | 445,249 |  |   | 287 |  |   | 0.26 |  |   | 422,361 |  |   | 279 |  |   | 0.27 |  |
| Long-term debt                                                  |   | 221,310 |  |   | 989 |  |   | 1.79 |  |   | 183,890 |  |   | 1,872 |  |   | 4.09 |  |
| Total interest-bearing liabilities                              |   | 4,513,474 |  |   | 5,283 |  |   | 0.47 |  |   | 4,324,672 |  |   | 7,794 |  |   | 0.72 |  |
| Noninterest-bearing liabilities and shareholders’ equity: |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand deposits (d)                         |   | 873,827 |  |   |   |   |   |   | 796,555 |  |   |   |   |   |
| Other liabilities                                               |   | 46,847 |  |   |   |   |   |   | 50,724 |  |   |   |   |   |
| Shareholders’ equity                                      |   | 737,195 |  |   |   |   |   |   | 773,296 |  |   |   |   |   |
| Total noninterest-bearing funding sources                       |   | 1,657,869 |  |   |   |   |   |   | 1,620,575 |  |   |   |   |   |
| Total Liabilities and Shareholders’ Equity                |   | $ | 6,171,343 |  |   |   |   |   |   | $ | 5,945,247 |  |   |   |   |   |
| Net Interest Income and Net Yield on Interest-Earning Assets    |   |   |   | $ | 46,728 |  |   | 3.35 | % |   |   |   | $ | 48,008 |  |   | 3.61 | % |

|     |                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|
| (a) | Income on interest-earning assets has been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate. |

|     |                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------|
| (b) | Income on nonaccrual loans is accounted for on the cash basis, and the loan balances are included in interest-earning assets. |

|     |                                        |
|-----|----------------------------------------|
| (c) | Loan income includes loan fees earned. |

|     |                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d) | Average balances do not include reallocations from noninterest-bearing demand deposits and interest-bearing demand deposits into savings deposits, which were made for regulatory purposes. |

|     |                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------|
| (e) | Yield for three months ended June 30, 2013 calculated using fully taxable equivalent interest income of $1,555. |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |  |
|                                 |   | Analysis of Year-to-Year Changes in Net Interest Income |
|                                 |   | TotalChange |   | Change Due ToVolume |   | Change Due ToRate (a) |
|                                 |   | (dollars in thousands) |
| Interest-earning assets:             |   |   |   |   |   |   |
| Interest-bearing deposits with banks |   | $ | 1 |  |   | $ | — |  |   | $ | 1 |  |
| Tax-free investment securities       |   | (6 | ) |   | (7 | ) |   | 1 |  |
| Taxable investment securities        |   | (949 | ) |   | 828 |  |   | (1,777 | ) |
| Loans                                |   | (2,837 | ) |   | 1,356 |  |   | (4,193 | ) |
| Total interest income (b)            |   | (3,791 | ) |   | 2,177 |  |   | (5,968 | ) |
| Interest-bearing liabilities:        |   |   |   |   |   |   |
| Interest-bearing demand deposits     |   | 4 |  |   | 4 |  |   | — |  |
| Savings deposits                     |   | (232 | ) |   | 19 |  |   | (251 | ) |
| Time deposits                        |   | (1,408 | ) |   | 202 |  |   | (1,610 | ) |
| Short-term borrowings                |   | 8 |  |   | 15 |  |   | (7 | ) |
| Long-term debt                       |   | (883 | ) |   | 381 |  |   | (1,264 | ) |
| Total interest expense               |   | (2,511 | ) |   | 621 |  |   | (3,132 | ) |
| Net interest income                  |   | $ | (1,280 | ) |   | $ | 1,556 |  |   | $ | (2,836 | ) |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (a) | Changes in interest income or expense not arising solely as a result of volume or rate variances are allocated to rate variances. |

|     |                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Changes in interest income have been computed on a fully taxable equivalent basis using the 35% federal income tax statutory rate. |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |
|                                          | 2013 |   | 2012 |
|                                          | Dollars | Percentage |   | Dollars | Percentage |
|                                          | (dollars in thousands) |
| Commercial, financial, agricultural and other | $ | 9,847 |  | 91 |  % |   | $ | 2,876 |  | 67 |  % |
| Real estate construction                      | 1,137 |  | 11 |  |   | 1,688 |  | 39 |  |
| Residential real estate                       | 922 |  | 8 |  |   | 510 |  | 12 |  |
| Commercial real estate                        | (1,659 | ) | (15 | ) |   | (1,455 | ) | (34 | ) |
| Loans to individuals                          | 527 |  | 5 |  |   | 608 |  | 14 |  |
| Unallocated                                   | 26 |  | — |  |   | 70 |  | 2 |  |
| Total                                         | $ | 10,800 |  | 100 |  % |   | $ | 4,297 |  | 100 |  % |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          |   | June 30, 2013 |   | June 30, 2012 |   | March 31, 2013 |
|                                          |   | (dollars in thousands) |
| Balance, beginning of period                  |   | $ | 62,262 |  |   | $ | 60,732 |  |   | $ | 67,187 |  |
| Loans charged off:                            |   |   |   |   |   |   |
| Commercial, financial, agricultural and other |   | 13,683 |  |   | 1,754 |  |   | 538 |  |
| Real estate construction                      |   | 671 |  |   | 150 |  |   | 84 |  |
| Residential real estate                       |   | 321 |  |   | 742 |  |   | 322 |  |
| Commercial real estate                        |   | 694 |  |   | 306 |  |   | 8,544 |  |
| Loans to individuals                          |   | 767 |  |   | 797 |  |   | 988 |  |
| Total loans charged off                       |   | 16,136 |  |   | 3,749 |  |   | 10,476 |  |
| Recoveries of loans previously charged off:   |   |   |   |   |   |   |
| Commercial, financial, agricultural and other |   | 136 |  |   | 37 |  |   | 128 |  |
| Real estate construction                      |   | 47 |  |   | 36 |  |   | 12 |  |
| Residential real estate                       |   | 89 |  |   | 149 |  |   | 723 |  |
| Commercial real estate                        |   | 11 |  |   | 28 |  |   | 97 |  |
| Loans to individuals                          |   | 243 |  |   | 146 |  |   | 94 |  |
| Total recoveries                              |   | 526 |  |   | 396 |  |   | 1,054 |  |
| Net credit losses                             |   | 15,610 |  |   | 3,353 |  |   | 9,422 |  |
| Provision charged to expense                  |   | 10,800 |  |   | 4,297 |  |   | 4,497 |  |
| Balance, end of period                        |   | $ | 57,452 |  |   | $ | 61,676 |  |   | $ | 62,262 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       |   | 2013 |   | 2012 |   | $ Change |   | % Change |
|                                       |   | (dollars in thousands) |
| Noninterest Income:                        |   |   |   |   |   |   |   |   |
| Trust income                               |   | $ | 1,608 |  |   | $ | 1,607 |  |   | $ | 1 |  |   | — |  % |
| Service charges on deposit accounts        |   | 3,815 |  |   | 3,737 |  |   | 78 |  |   | 2 |  |
| Insurance and retail brokerage commissions |   | 1,384 |  |   | 1,670 |  |   | (286 | ) |   | (17 | ) |
| Income from bank owned life insurance      |   | 1,432 |  |   | 1,459 |  |   | (27 | ) |   | (2 | ) |
| Card related interchange income            |   | 3,490 |  |   | 3,285 |  |   | 205 |  |   | 6 |  |
| Other income                               |   | 2,695 |  |   | 2,749 |  |   | (54 | ) |   | (2 | ) |
| Subtotal                                   |   | 14,424 |  |   | 14,507 |  |   | (83 | ) |   | (1 | ) |
| Net securities gains                       |   | 4 |  |   | — |  |   | 4 |  |   | N/A |  |
| Gain on sale of assets                     |   | 425 |  |   | 1,444 |  |   | (1,019 | ) |   | (71 | ) |
| Derivatives mark to market                 |   | 78 |  |   | 145 |  |   | (67 | ) |   | (46 | ) |
| Total noninterest income                   |   | $ | 14,931 |  |   | $ | 16,096 |  |   | $ | (1,165 | ) |   | (7 | )% |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    |   | 2013 |   | 2012 |   | $ Change |   | % Change |
|                                    |   | (dollars in thousands) |
| Noninterest Expense:                    |   |   |   |   |   |   |   |   |
| Salaries and employee benefits          |   | $ | 21,497 |  |   | $ | 22,363 |  |   | $ | (866 | ) |   | (4 | )% |
| Net occupancy expense                   |   | 3,221 |  |   | 3,303 |  |   | (82 | ) |   | (2 | ) |
| Furniture and equipment expense         |   | 3,297 |  |   | 3,024 |  |   | 273 |  |   | 9 |  |
| Data processing expense                 |   | 1,503 |  |   | 1,796 |  |   | (293 | ) |   | (16 | ) |
| Pennsylvania shares tax expense         |   | 1,517 |  |   | 1,510 |  |   | 7 |  |   | — |  |
| Intangible amortization                 |   | 297 |  |   | 371 |  |   | (74 | ) |   | (20 | ) |
| Collection and repossession expense     |   | 851 |  |   | 670 |  |   | 181 |  |   | 27 |  |
| Other professional fees and services    |   | 948 |  |   | 940 |  |   | 8 |  |   | 1 |  |
| FDIC insurance                          |   | 1,084 |  |   | 1,262 |  |   | (178 | ) |   | (14 | ) |
| Other operating expenses                |   | 5,811 |  |   | 6,109 |  |   | (298 | ) |   | (5 | ) |
| Subtotal                                |   | 40,026 |  |   | 41,348 |  |   | (1,322 | ) |   | (3 | ) |
| Loss on sale or write-down of assets    |   | 343 |  |   | 500 |  |   | (157 | ) |   | (31 | ) |
| Loss on redemption of subordinated debt |   | 1,629 |  |   | — |  |   | 1,629 |  |   | N/A |  |
| Total noninterest expense               |   | $ | 41,998 |  |   | $ | 41,848 |  |   | $ | 150 |  |   | — |  % |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |
|                                |   | June 30, 2013 |   | December 31, 2012 |
|                                |   | (dollars in thousands) |
| Noninterest-bearing demand deposits |   | $ | 900,940 |  |   | $ | 883,269 |  |
| Interest-bearing demand deposits    |   | 101,505 |  |   | 97,963 |  |
| Savings deposits                    |   | 2,535,592 |  |   | 2,543,990 |  |
| Time deposits                       |   | 1,195,010 |  |   | 1,032,659 |  |
| Total                               |   | $ | 4,733,047 |  |   | $ | 4,557,881 |  |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        |   | June 30, 2013 |
|                                        |   | 0-90 Days |   | 91-180Days |   | 181-365Days |   | Cumulative0-365 Days |   | Over 1 YearThrough 5Years |   | Over 5Years |
|                                        |   | (dollars in thousands) |
| Loans                                       |   | $ | 1,980,698 |  |   | $ | 207,799 |  |   | $ | 317,325 |  |   | $ | 2,505,822 |  |   | $ | 1,383,428 |  |   | $ | 281,216 |  |
| Investments                                 |   | 65,151 |  |   | 78,751 |  |   | 173,868 |  |   | 317,770 |  |   | 630,920 |  |   | 382,178 |  |
| Other interest-earning assets               |   | 4,497 |  |   | — |  |   | — |  |   | 4,497 |  |   | — |  |   | — |  |
| Total interest-sensitive assets (ISA)       |   | 2,050,346 |  |   | 286,550 |  |   | 491,193 |  |   | 2,828,089 |  |   | 2,014,348 |  |   | 663,394 |  |
| Certificates of Deposit                     |   | 396,964 |  |   | 98,958 |  |   | 204,920 |  |   | 700,842 |  |   | 485,706 |  |   | 8,462 |  |
| Other deposits                              |   | 2,637,097 |  |   | — |  |   | — |  |   | 2,637,097 |  |   | — |  |   | — |  |
| Borrowings                                  |   | 514,129 |  |   | 115 |  |   | 7,712 |  |   | 521,956 |  |   | 131,150 |  |   | 5,524 |  |
| Total interest-sensitive liabilitites (ISL) |   | 3,548,190 |  |   | 99,073 |  |   | 212,632 |  |   | 3,859,895 |  |   | 616,856 |  |   | 13,986 |  |
| Gap                                         |   | $ | (1,497,844 | ) |   | $ | 187,477 |  |   | $ | 278,561 |  |   | $ | (1,031,806 | ) |   | $ | 1,397,492 |  |   | $ | 649,408 |  |
| ISA/ISL                                     |   | 0.58 |  |   | 2.89 |  |   | 2.31 |  |   | 0.73 |  |   | 3.27 |  |   | 47.43 |  |
| Gap/Total assets                            |   | 24.34 | % |   | 3.05 | % |   | 4.53 | % |   | 16.77 | % |   | 22.71 | % |   | 10.55 | % |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        |   | December 31, 2012 |
|                                        |   | 0-90 Days |   | 91-180Days |   | 181-365Days |   | Cumulative0-365 Days |   | Over 1 YearThrough 5Years |   | Over 5Years |
|                                        |   | (dollars in thousands) |
| Loans                                       |   | $ | 1,950,002 |  |   | $ | 222,705 |  |   | $ | 297,530 |  |   | $ | 2,470,237 |  |   | $ | 1,436,472 |  |   | $ | 203,477 |  |
| Investments                                 |   | 61,914 |  |   | 78,904 |  |   | 142,411 |  |   | 283,229 |  |   | 579,320 |  |   | 328,546 |  |
| Other interest-earning assets               |   | 4,258 |  |   | — |  |   | — |  |   | 4,258 |  |   | — |  |   | — |  |
| Total interest-sensitive assets (ISA)       |   | 2,016,174 |  |   | 301,609 |  |   | 439,941 |  |   | 2,757,724 |  |   | 2,015,792 |  |   | 532,023 |  |
| Certificates of Deposit                     |   | 208,096 |  |   | 176,556 |  |   | 126,490 |  |   | 511,142 |  |   | 512,040 |  |   | 9,477 |  |
| Other deposits                              |   | 2,641,953 |  |   | — |  |   | — |  |   | 2,641,953 |  |   | — |  |   | — |  |
| Borrowings                                  |   | 428,545 |  |   | 29,703 |  |   | 230 |  |   | 458,478 |  |   | 138,652 |  |   | 39,318 |  |
| Total interest-sensitive liabilitites (ISL) |   | 3,278,594 |  |   | 206,259 |  |   | 126,720 |  |   | 3,611,573 |  |   | 650,692 |  |   | 48,795 |  |
| Gap                                         |   | $ | (1,262,420 | ) |   | $ | 95,350 |  |   | $ | 313,221 |  |   | $ | (853,849 | ) |   | $ | 1,365,100 |  |   | $ | 483,228 |  |
| ISA/ISL                                     |   | 0.61 |  |   | 1.46 |  |   | 3.47 |  |   | 0.76 |  |   | 3.10 |  |   | 10.90 |  |
| Gap/Total assets                            |   | 21.06 | % |   | 1.59 | % |   | 5.23 | % |   | 14.24 | % |   | 22.77 | % |   | 8.06 | % |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   |   | Net interest income change (12 months) |
|                   |   | -200 |   | -100 |   | +100 |   | +200 |
|                   |   | (dollars in thousands) |
| June 30, 2013     |   | $ | (8,366 | ) |   | $ | (4,473 | ) |   | $ | (27 | ) |   | $ | 855 |  |
| December 31, 2012 |   | (8,204 | ) |   | (4,767 | ) |   | 459 |  |   | 2,153 |  |

----

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                           |   | June 30 |   |   |   | December 31, 2012 |   |   |
|                                                                           |   | 2013 |   |   |   | 2012 |   |   |   |
|                                                                           |   | (dollars in thousands) |   |   |
| Nonperforming Loans:                                                           |   |   |   |   |
| Loans on nonaccrual basis                                                      |   | $ | 41,767 |  |   |    |   | $ | 33,457 |  |   |  |   | $ | 43,539 |  |   |    |
| Troubled debt restructured loans on nonaccrual basis                           |   | 17,519 |  |   |    |   | 45,235 |  |   |    |   | 50,979 |  |   |    |
| Troubled debt restructured loans on accrual basis                              |   | 13,811 |  |   |    |   | 6,251 |  |   |    |   | 13,037 |  |   |    |
| Total nonperforming loans                                                      |   | $ | 73,097 |  |   |    |   | $ | 84,943 |  |   |    |   | $ | 107,555 |  |   |    |
| Loans past due in excess of 90 days and still accruing                         |   | $ | 2,648 |  |   |    |   | $ | 10,587 |  |   |    |   | $ | 2,447 |  |   |    |
| Other real estate owned                                                        |   | $ | 15,603 |  |   |    |   | $ | 19,140 |  |   |    |   | $ | 11,262 |  |   |    |
| Loans outstanding at end of period                                             |   | $ | 4,229,752 |  |   |    |   | $ | 4,159,531 |  |   |  |   | $ | 4,204,704 |  |   |    |
| Average loans outstanding                                                      |   | $ | 4,242,800 |  |   | (a)  |   | $ | 4,129,977 |  |   | (a)  |   | $ | 4,165,292 |  |   | (b)  |
| Nonperforming loans as a percentage of total loans                             |   | 1.73 | % |   |  |   | 2.04 | % |   |  |   | 2.56 | % |   |  |
| Provision for credit losses                                                    |   | $ | 15,297 |  |   | (a)  |   | $ | 8,084 |  |   | (a)  |   | $ | 20,544 |  |   | (b)  |
| Allowance for credit losses                                                    |   | $ | 57,452 |  |   |    |   | $ | 61,676 |  |   |    |   | $ | 67,187 |  |   |    |
| Net charge-offs                                                                |   | $ | 25,032 |  |   | (a)  |   | $ | 7,642 |  |   | (a)  |   | $ | 14,591 |  |   | (b)  |
| Net charge-offs as a percentage of average loans outstanding (annualized)      |   | 1.19 | % |   |  |   | 0.37 | % |   |  |   | 0.35 | % |   |  |
| Provision for credit losses as a percentage of net charge-offs                 |   | 61.11 | % |   | (a)  |   | 105.78 | % |   | (a)  |   | 140.80 | % |   | (b)  |
| Allowance for credit losses as a percentage of end-of-period loans outstanding |   | 1.36 | % |   |  |   | 1.48 | % |   |   |   | 1.60 | % |   |  |
| Allowance for credit losses as a percentage of nonperforming loans             |   | 78.60 | % |   |  |   | 72.61 | % |   |   |   | 62.47 | % |   |  |

|     |                                 |
|-----|---------------------------------|
| (a) | For the six-month period ended. |

|     |                                    |
|-----|------------------------------------|
| (b) | For the twelve-month period ended. |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          |   | June 30, 2013 |   | December 31, 2012 |
|                                          |   | Amount |   | % |   | Amount |   | % |
|                                          |   | (dollars in thousands) |
| Commercial, financial, agricultural and other |   | $ | 1,012,315 |  |   | 24 | % |   | $ | 1,019,822 |  |   | 24 | % |
| Real estate construction                      |   | 66,243 |  |   | 2 |  |   | 87,438 |  |   | 2 |  |
| Residential real estate                       |   | 1,269,830 |  |   | 30 |  |   | 1,241,565 |  |   | 30 |  |
| Commercial real estate                        |   | 1,280,784 |  |   | 30 |  |   | 1,273,661 |  |   | 30 |  |
| Loans to individuals                          |   | 600,580 |  |   | 14 |  |   | 582,218 |  |   | 14 |  |
| Total loans and leases net of unearned income |   | $ | 4,229,752 |  |   | 100 | % |   | $ | 4,204,704 |  |   | 100 | % |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          |   | For the Six-Months Ended June 30, 2013 |   | As of June 30, 2013 |
|                                          |   | NetCharge-offs |   | % ofTotal NetCharge-offs |   | Net Charge-offs as a % ofAverageLoans (annualized) |   | NonperformingLoans |   | % of TotalNonperformingLoans |   | NonperformingLoans as a % ofTotal Loans |
|                                          |   | (dollars in thousands) |
| Commercial, financial, agricultural and other |   | $ | 13,957 |  |   | 55.76 |  % |   | 0.66 |  % |   | $ | 25,776 |  |   | 35.26 | % |   | 0.61 | % |
| Real estate construction                      |   | 696 |  |   | 2.78 |  |   | 0.03 |  |   | 3,967 |  |   | 5.43 |  |   | 0.09 |  |
| Residential real estate                       |   | (169 | ) |   | (0.68 | ) |   | (0.01 | ) |   | 13,156 |  |   | 18.00 |  |   | 0.31 |  |
| Commercial real estate                        |   | 9,130 |  |   | 36.47 |  |   | 0.44 |  |   | 29,941 |  |   | 40.96 |  |   | 0.71 |  |
| Loans to individuals                          |   | 1,418 |  |   | 5.67 |  |   | 0.07 |  |   | 257 |  |   | 0.35 |  |   | 0.01 |  |
| Total loans, net of unearned income           |   | $ | 25,032 |  |   | 100.00 |  % |   | 1.19 |  % |   | $ | 73,097 |  |   | 100.00 | % |   | 1.73 | % |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | Actual |   | RegulatoryMinumum |   | WellCapitalizedRegulatory |
|                                     | CapitalAmount |   | Ratio |   | CapitalAmount |   | Ratio |   | CapitalAmount |   | Ratio |
|                                     | (dollars in thousands) |
| Total Capital to Risk Weighted Assets    |   |   |   |   |   |   |   |   |   |   |   |
| First Commonwealth Financial Corporation | $ | 650,380 |  |   | 13.27 | % |   | $ | 392,041 |  |   | 8.00 | % |   |   |   |   |
| First Commonwealth Bank                  | 621,934 |  |   | 12.70 |  |   | 391,814 |  |   | 8.00 |  |   | $ | 489,768 |  |   | 10.00 | % |
| Tier I Capital to Risk Weighted Assets   |   |   |   |   |   |   |   |   |   |   |   |
| First Commonwealth Financial Corporation | $ | 590,546 |  |   | 12.05 | % |   | $ | 196,021 |  |   | 4.00 | % |   |   |   |   |
| First Commonwealth Bank                  | 562,229 |  |   | 11.48 |  |   | 195,907 |  |   | 4.00 |  |   | $ | 293,861 |  |   | 6.00 | % |
| Tier I Capital to Average Assets         |   |   |   |   |   |   |   |   |   |   |   |
| First Commonwealth Financial Corporation | $ | 590,546 |  |   | 9.89 | % |   | $ | 238,765 |  |   | 4.00 | % |   |   |   |   |
| First Commonwealth Bank                  | 562,229 |  |   | 9.48 |  |   | 237,126 |  |   | 4.00 |  |   | $ | 296,408 |  |   | 5.00 | % |

----

Table of Contents

|               |
|---------------|
|               |  |  |  |  |  |
| ExhibitNumber |    | Description |    | Incorporated by Reference to |
|          |   |   |
| 31.1          |  |    | Chief Executive Officer Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |    | Filed herewith |
|          |   |   |
| 31.2          |  |    | Chief Financial Officer Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |    | Filed herewith |

----

Table of Contents

|                             |
|-----------------------------|
|                             |  |  |
| DATED: August 13, 2013 |   | /s/ T. Michael Price |
|                        |   | T. Michael PricePresident and Chief Executive Officer |
|                        |   |
| DATED: August 13, 2013 |   | /s/ Robert E. Rout |
|                        |   | Robert E. RoutExecutive Vice President andChief Financial Officer |