UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2007
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: First Commonwealth Financial Corporation
Address: 22 North Sixth Street
Indiana, PA, 15701
Form 13F File Number:28-05151
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and it is understood that all required items, statements, schedules,
lists, and tables, are considered integral parts of this form.
Person Signing the Report on Behalf of Reporting Manager:
Name: Edward J. Lipkus, III
Title: Executive Vice President and Chief Financial Officer
Phone: (724) 463-4724
Signature, Place, and Date of Signing:
/s/ Edward J. Lipkus, III Indiana, PA, May 15, 2007
-------------------------
Edward J. Lipkus, III,
Report Type (Check only one):
[X] 13F HOLDINGS REPORT (Check here if all holdings of this reporting manager
are reported in this report)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s))
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 200
Form 13F Information Table Value Total: $157,325 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Number: 1
Form 13F File Number: 28-11893
Name:
FORM 13F INFORMATION TABLE
COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8
-------- -------- --------- -------- ---------------- ---------- -------- ------------------
MARKET VOTING AUTHORITY
TITLE OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER ------------------
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ -------- --------- -------- ------- --- ---- ---------- -------- ------ ------ ----
3M CO COMMON 88579Y101 251 3,280 SH DEFINED 1 3,280
3M CO COMMON 88579Y101 691 9,035 SH OTHER 1 9,035
ABBOTT LABS COMMON 002824100 1,021 18,297 SH DEFINED 1 18,297
ABBOTT LABS COMMON 002824100 36 650 SH OTHER 1 650
ADOBE SYS INC COMMON 00724F101 585 14,017 SH DEFINED 1 14,017
ADOBE SYS INC COMMON 00724F101 4 100 SH OTHER 1 100
AIR PRODS & CHEMS INC COMMON 009158106 592 8,002 SH DEFINED 1 8,002
AIR PRODS & CHEMS INC COMMON 009158106 18 250 SH OTHER 1 250
ALLSTATE CORP COMMON 020002101 1,108 18,453 SH DEFINED 1 18,453
ALLSTATE CORP COMMON 020002101 437 7,274 SH OTHER 1 7,274
ALLTEL CORP COMMON 020039103 829 13,364 SH DEFINED 1 13,364
ALLTEL CORP COMMON 020039103 379 6,116 SH OTHER 1 550 5,566
ALTRIA GROUP INC COMMON 02209S103 1,380 15,715 SH DEFINED 1 15,715
ALTRIA GROUP INC COMMON 02209S103 2,506 28,540 SH OTHER 1 28,540
AMERICAN INTL GROUP INC COMMON 026874107 1,033 15,365 SH DEFINED 1 15,365
AMERICAN INTL GROUP INC COMMON 026874107 48 718 SH OTHER 1 718
AMGEN INC COMMON 031162100 1,118 20,006 SH DEFINED 1 20,006
AMGEN INC COMMON 031162100 69 1,236 SH OTHER 1 1,236
ANHEUSER BUSCH COS INC COMMON 035229103 378 7,500 SH DEFINED 1 7,500
ANHEUSER BUSCH COS INC COMMON 035229103 15 300 SH OTHER 1 300
APACHE CORP COMMON 037411105 862 12,197 SH DEFINED 1 12,197
APACHE CORP COMMON 037411105 78 1,099 SH OTHER 1 575 524
APPLE INC COMMON 037833100 598 6,436 SH DEFINED 1 6,436
AT&T INC COMMON 00206R102 1,576 39,961 SH DEFINED 1 39,961
AT&T INC COMMON 00206R102 501 12,708 SH OTHER 1 12,703 5
AUTOMATIC DATA PROCESSING IN COMMON 053015103 715 14,765 SH DEFINED 1 14,765
AUTOMATIC DATA PROCESSING IN COMMON 053015103 58 1,200 SH OTHER 1 1,200
BANK OF AMERICA CORPORATION COMMON 060505104 1,418 27,797 SH DEFINED 1 27,797
BANK OF AMERICA CORPORATION COMMON 060505104 171 3,359 SH OTHER 1 3,359
BARR PHARMACEUTICALS INC COMMON 068306109 335 7,229 SH DEFINED 1 7,229
BARR PHARMACEUTICALS INC COMMON 068306109 16 342 SH OTHER 1 342
BECTON DICKINSON & CO COMMON 075887109 903 11,745 SH DEFINED 1 11,745
BECTON DICKINSON & CO COMMON 075887109 77 1,000 SH OTHER 1 1,000
BERKSHIRE SECURITIES COMMON 084991868 1,339 6,140 SH DEFINED 1 6,140
BERKSHIRE SECURITIES COMMON 084991868 392 1,800 SH OTHER 1 1,800
BOEING CO COMMON 097023105 267 3,008 SH DEFINED 1 3,008
BOEING CO COMMON 097023105 150 1,686 SH OTHER 1 1,686
BP PLC COMMON 055622104 552 8,531 SH DEFINED 1 8,526 5
BP PLC COMMON 055622104 412 6,356 SH OTHER 1 5,354 1,002
CAPITAL ONE FINL CORP COMMON 14040H105 292 3,875 SH DEFINED 1 3,875
CATERPILLAR INC DEL COMMON 149123101 194 2,889 SH DEFINED 1 2,889
CATERPILLAR INC DEL COMMON 149123101 32 475 SH OTHER 1 475
CHEVRON CORP NEW COMMON 166764100 1,082 14,624 SH DEFINED 1 14,619 5
CHEVRON CORP NEW COMMON 166764100 313 4,227 SH OTHER 1 3,552 675
CISCO SYS INC COMMON 17275R102 1,535 60,117 SH DEFINED 1 60,117
CISCO SYS INC COMMON 17275R102 135 5,300 SH OTHER 1 4,800 500
CITIGROUP INC COMMON 172967101 1,369 26,668 SH DEFINED 1 26,668
CITIGROUP INC COMMON 172967101 178 3,468 SH OTHER 1 3,103 365
CNB FINL CORP PA COMMON 126128107 325 23,400 SH DEFINED 1 23,400
CONOCOPHILLIPS COMMON 20825C104 256 3,739 SH DEFINED 1 3,734 5
CONOCOPHILLIPS COMMON 20825C104 31 450 SH OTHER 1 450
CONSTELLATION ENERGY GROUP I COMMON 210371100 30 340 SH DEFINED 1 340
CONSTELLATION ENERGY GROUP I COMMON 210371100 328 3,770 SH OTHER 1 3,770
COVENTRY HEALTH CARE INC COMMON 222862104 201 3,590 SH DEFINED 1 3,590
COVENTRY HEALTH CARE INC COMMON 222862104 39 688 SH OTHER 1 688
CVS CAREMARK CORPORATION COMMON 126650100 509 14,915 SH DEFINED 1 14,915
CVS CAREMARK CORPORATION COMMON 126650100 17 501 SH OTHER 1 501
DANAHER CORP DEL COMMON 235851102 633 8,860 SH DEFINED 1 8,860
DISNEY WALT CO COMMON 254687106 843 24,485 SH DEFINED 1 24,485
DISNEY WALT CO COMMON 254687106 50 1,450 SH OTHER 1 1,450
DOMINION RES INC VA NEW COMMON 25746U109 1,037 11,679 SH DEFINED 1 11,679
DOMINION RES INC VA NEW COMMON 25746U109 145 1,637 SH OTHER 1 1,637
DOW CHEM CO COMMON 260543103 948 20,681 SH DEFINED 1 20,681
DOW CHEM CO COMMON 260543103 16 350 SH OTHER 1 350
DU PONT E I DE NEMOURS & CO COMMON 263534109 348 7,034 SH DEFINED 1 7,034
DU PONT E I DE NEMOURS & CO COMMON 263534109 94 1,900 SH OTHER 1 300 1,600
EBAY INC COMMON 278642103 697 21,025 SH DEFINED 1 21,025
EBAY INC COMMON 278642103 18 550 SH OTHER 1 550
ELECTRONIC ARTS INC COMMON 285512109 553 10,980 SH DEFINED 1 10,980
ELECTRONIC ARTS INC COMMON 285512109 5 100 SH OTHER 1 100
EMBRYO DEV CORP COMMON 290818103 0 15,000 SH DEFINED 1 15,000
EMERSON ELEC CO COMMON 291011104 34 790 SH DEFINED 1 790
EMERSON ELEC CO COMMON 291011104 776 18,010 SH OTHER 1 18,010
ESB FINANCIAL CORP COMMON 26884F102 136 12,510 SH DEFINED 12,510 0 0
EXELON CORP COMMON 30161N101 155 2,256 SH DEFINED 1 2,256
EXELON CORP COMMON 30161N101 97 1,416 SH OTHER 1 1,416
COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8
-------- -------- --------- -------- ------------------ ---------- -------- ----------------------
MARKET VOTING AUTHORITY
TITLE OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER ----------------------
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ -------- --------- -------- --------- --- ---- ---------- -------- --------- ------ -----
EXXON MOBIL CORP COMMON 30231G102 4,341 57,530 SH DEFINED 1 57,525 5
EXXON MOBIL CORP COMMON 30231G102 2,414 31,994 SH OTHER 1 12,003 19,991
FEDEX CORP COMMON 31428X106 1,029 9,580 SH DEFINED 1 9,580
FEDEX CORP COMMON 31428X106 30 275 SH OTHER 1 275
FIRST COMWLTH FINL CORP PA COMMON 319829107 14,700 1,251,023 SH DEFINED 1 1,237,937 3,466 9,620
FIRST COMWLTH FINL CORP PA COMMON 319829107 994 84,621 SH OTHER 1 50,306 34,315
FIRSTMERIT CORP COMMON 337915102 211 10,000 SH DEFINED 10,000 0 0
FNB COMMON 302520101 5,116 303,600 SH DEFINED 303,600 0 0
FORTUNE BRANDS INC COMMON 349631101 1,144 14,517 SH DEFINED 1 14,517
FORTUNE BRANDS INC COMMON 349631101 30 375 SH OTHER 1 375
FPL GROUP INC COMMON 302571104 181 2,960 SH DEFINED 1 2,960
FPL GROUP INC COMMON 302571104 144 2,350 SH OTHER 1 2,350
FRANKLIN RES INC COMMON 354613101 328 2,713 SH DEFINED 1 2,713
GALLAHER GROUP PLC COMMON 363595109 201 2,252 SH DEFINED 1 2,252
GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 0 0
GENERAL ELECTRIC CO COMMON 369604103 2,792 78,950 SH DEFINED 1 78,950
GENERAL ELECTRIC CO COMMON 369604103 4,179 118,175 SH OTHER 1 116,245 1,930
GLAXOSMITHKLINE PLC COMMON 37733W105 705 12,749 SH DEFINED 1 12,749
GLAXOSMITHKLINE PLC COMMON 37733W105 11 200 SH OTHER 1 200
HARLEYSVILLE NATIONAL CORP COMMON 412850109 181 10,167 SH DEFINED 10,167 0 0
HARTFORD FINL SVCS GROUP INC COMMON 416515104 1,150 12,027 SH DEFINED 1 12,027
HARTFORD FINL SVCS GROUP INC COMMON 416515104 108 1,135 SH OTHER 1 1,135
HELMERICH & PAYNE INC COMMON 423452101 577 19,015 SH DEFINED 1 19,015
INGERSOLL-RAND COMPANY LTD COMMON G4776G101 723 16,675 SH DEFINED 1 16,675
INGERSOLL-RAND COMPANY LTD COMMON G4776G101 533 12,300 SH OTHER 1 12,300
INTEL CORP COMMON 458140100 293 15,295 SH DEFINED 1 15,295
INTEL CORP COMMON 458140100 50 2,600 SH OTHER 1 2,600
INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,478 15,678 SH DEFINED 1 15,678
INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,360 14,433 SH OTHER 1 14,333 100
JACOBS ENGR GROUP INC DEL COMMON 469814107 899 19,270 SH DEFINED 1 19,270
JACOBS ENGR GROUP INC DEL COMMON 469814107 26 550 SH OTHER 1 550
JOHNSON & JOHNSON COMMON 478160104 1,606 26,643 SH DEFINED 1 26,643
JOHNSON & JOHNSON COMMON 478160104 484 8,040 SH OTHER 1 8,040
JP MORGAN CHASE & CO COMMON 46625H100 456 9,417 SH DEFINED 1 9,417
JP MORGAN CHASE & CO COMMON 46625H100 18 370 SH OTHER 1 370
JUNIATA VALLEY NATL BK COMMON 482016102 1,015 48,238 SH DEFINED 1 48,238
L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 708 8,095 SH DEFINED 1 8,095
L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 15 175 SH OTHER 1 175
LEESPORT FINANCIAL CORPORATION COMMON 524477106 1,956 90,482 SH DEFINED 90,482 0 0
LEHMAN BROS HLDGS INC COMMON 524908100 828 11,817 SH DEFINED 1 11,817
LEHMAN BROS HLDGS INC COMMON 524908100 46 650 SH OTHER 1 650
LOWES COS INC COMMON 548661107 1,206 38,287 SH DEFINED 1 38,287
LOWES COS INC COMMON 548661107 172 5,450 SH OTHER 1 4,850 600
MAGNITUDE INFORMATION SYS IN COMMON 559534102 5 112,400 SH DEFINED 1 112,400
MCCORMICK & CO INC COMMON 579780206 618 16,045 SH DEFINED 1 16,045
MCCORMICK & CO INC COMMON 579780206 13 350 SH OTHER 1 350
MCDONALDS CORP COMMON 580135101 387 8,597 SH DEFINED 1 8,597
MCDONALDS CORP COMMON 580135101 32 700 SH OTHER 1 700
MELLON FINL CORP COMMON 58551A108 468 10,859 SH DEFINED 1 10,659 200
MELLON FINL CORP COMMON 58551A108 165 3,825 SH OTHER 1 1,600 2,225
MERCK & CO INC COMMON 589331107 93 2,099 SH DEFINED 1 2,099
MERCK & CO INC COMMON 589331107 1,194 27,028 SH OTHER 1 26,528 500
MERRILL LYNCH & CO INC COMMON 590188108 1,403 17,180 SH DEFINED 1 17,180
MERRILL LYNCH & CO INC COMMON 590188108 161 1,975 SH OTHER 1 1,975
MICROSOFT CORP COMMON 594918104 1,347 48,314 SH DEFINED 1 48,314
MICROSOFT CORP COMMON 594918104 59 2,100 SH OTHER 1 2,100
MORGAN STANLEY COMMON 617446448 8 100 SH DEFINED 1 100
MORGAN STANLEY COMMON 617446448 378 4,797 SH OTHER 1 4,797
NATIONAL CITY CORP COMMON 635405103 661 17,745 SH DEFINED 1 17,745
NATIONAL CITY CORP COMMON 635405103 6 150 SH OTHER 1 150
NEW MEXICO BANQUEST COMMON 647991926 11,169 45,589 SH DEFINED 1 45,589
NEW MEXICO BANQUEST COMMON 647991926 176 717 SH OTHER 1 717
OMEGA FINANCIAL CORP COMMON 682092101 4,715 165,377 SH DEFINED 165,377 0 0
ORACLE CORP COMMON 68389X105 792 43,681 SH DEFINED 1 43,681
ORACLE CORP COMMON 68389X105 51 2,816 SH OTHER 1 2,816
PARKVALE FINANCIAL CORP COMMON 701492100 6,559 224,544 SH DEFINED 224,544 0 0
PENNSYLVANIA RL ESTATE INVT COMMON 709102107 329 7,414 SH DEFINED 1 7,414
PEPSICO INC COMMON 713448108 1,615 25,414 SH DEFINED 1 25,414
PEPSICO INC COMMON 713448108 1,316 20,700 SH OTHER 1 20,700
PETSMART INC COMMON 716768106 765 23,225 SH DEFINED 1 23,225
PETSMART INC COMMON 716768106 12 350 SH OTHER 1 350
PFIZER INC COMMON 717081103 651 25,754 SH DEFINED 1 24,554 1,200
PFIZER INC COMMON 717081103 421 16,669 SH OTHER 1 16,669
PNC FINL SVCS GROUP INC COMMON 693475105 549 7,622 SH DEFINED 1 7,622
PNC FINL SVCS GROUP INC COMMON 693475105 180 2,500 SH OTHER 1 2,500
PPG INDS INC COMMON 693506107 166 2,362 SH DEFINED 1 2,362
PPG INDS INC COMMON 693506107 1,540 21,904 SH OTHER 1 17,054 4,850
PPL CORP COMMON 69351T106 341 8,342 SH DEFINED 1 8,342
PPL CORP COMMON 69351T106 178 4,350 SH OTHER 1 4,350
PRICE T ROWE GROUP INC COMMON 74144T108 898 19,030 SH DEFINED 1 19,030
PRICE T ROWE GROUP INC COMMON 74144T108 66 1,400 SH OTHER 1 1,400
PROCTER & GAMBLE CO COMMON 742718109 1,766 27,957 SH DEFINED 1 27,957
PROCTER & GAMBLE CO COMMON 742718109 2,502 39,621 SH OTHER 1 39,621
PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 154 1,849 SH DEFINED 1 1,849
PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 351 4,230 SH OTHER 1 4,230
ROCKWELL AUTOMATION INC COMMON 773903109 176 2,938 SH DEFINED 1 2,938
ROCKWELL AUTOMATION INC COMMON 773903109 120 2,000 SH OTHER 1 2,000
ROCKWELL COLLINS INC COMMON 774341101 176 2,637 SH DEFINED 1 2,637
COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8
-------- -------- --------- -------- ------------------ ---------- -------- -------------------
MARKET VOTING AUTHORITY
TITLE OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER -------------------
ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ -------- --------- -------- --------- --- ---- ---------- -------- ------ ------ -----
ROCKWELL COLLINS INC COMMON 774341101 134 2,000 SH OTHER 1 2,000
ROYAL BANCSHARES OF PENN-A COMMON 780081105 479 20,156 SH DEFINED 20,156 0 0
ROYAL DUTCH SHELL PLC COMMON 780259206 217 3,276 SH DEFINED 1 3,276
ROYAL DUTCH SHELL PLC COMMON 780259206 133 2,000 SH OTHER 1 2,000
S & T BANCORP INC COMMON 783859101 2,714 82,149 SH DEFINED 1 82,149
S & T BANCORP INC COMMON 783859101 286 8,656 SH OTHER 1 8,656
SCHLUMBERGER LTD COMMON 806857108 990 14,321 SH DEFINED 1 14,321
SCHLUMBERGER LTD COMMON 806857108 32 468 SH OTHER 1 468
SOUTHERN CO COMMON 842587107 678 18,489 SH DEFINED 1 18,489
SOUTHERN CO COMMON 842587107 16 450 SH OTHER 1 450
SUSQUEHANNA BANCSHARES INC COMMON 869099101 1,380 59,487 SH DEFINED 59,487 0 0
SUSQUEHANNA BANCSHARES INC P COMMON 869099101 1,211 52,242 SH DEFINED 1 52,242
TARGET CORP COMMON 87612E106 1,274 21,505 SH DEFINED 1 21,505
TARGET CORP COMMON 87612E106 204 3,438 SH OTHER 1 3,438
TEXAS INSTRS INC COMMON 882508104 762 25,300 SH DEFINED 1 25,300
TEXAS INSTRS INC COMMON 882508104 75 2,500 SH OTHER 1 2,500
TRISTATE CAPITAL BANK COMMON 99R733108 500 50,000 SH DEFINED 50,000 0 0
UNITED TECHNOLOGIES CORP COMMON 913017109 999 15,365 SH DEFINED 1 15,365
UNITED TECHNOLOGIES CORP COMMON 913017109 33 500 SH OTHER 1 500
VALERO ENERGY CORP NEW COMMON 91913Y100 870 13,490 SH DEFINED 1 13,490
VALERO ENERGY CORP NEW COMMON 91913Y100 32 500 SH OTHER 1 500
VERIZON COMMUNICATIONS COMMON 92343V104 2,055 54,206 SH DEFINED 1 54,206
VERIZON COMMUNICATIONS COMMON 92343V104 950 25,056 SH OTHER 1 20,512 4,544
VODAFONE GROUP PLC NEW COMMON 92857W209 72 2,679 SH DEFINED 1 2,679
VODAFONE GROUP PLC NEW COMMON 92857W209 162 6,031 SH OTHER 1 6,031
WACHOVIA CORP NEW COMMON 929903102 1,567 28,466 SH DEFINED 1 28,466
WAL MART STORES INC COMMON 931142103 359 7,657 SH DEFINED 1 7,657
WAL MART STORES INC COMMON 931142103 92 1,950 SH OTHER 1 1,950
WELLPOINT INC COMMON 94973V107 881 10,869 SH DEFINED 1 10,869
WELLPOINT INC COMMON 94973V107 8 100 SH OTHER 1 100
WELLS FARGO & CO NEW COMMON 949746101 917 26,630 SH DEFINED 1 26,630
WELLS FARGO & CO NEW COMMON 949746101 67 1,932 SH OTHER 1 1,932
WILLOW GROVE BANCORP COMMON 97111W101 673 52,184 SH DEFINED 52,184 0 0
WINDSTREAM CORP COMMON 97381W104 52 3,547 SH DEFINED 1 3,547
WINDSTREAM CORP COMMON 97381W104 96 6,527 SH OTHER 1 100 6,427
WYETH COMMON 983024100 703 14,050 SH DEFINED 1 14,050
WYETH COMMON 983024100 63 1,250 SH OTHER 1 1,250
GRAND TOTALS 157,325 4,729,681