FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Dollar Amounts in Thousands) The accompanying notes are an integral part of these consolidated financial statements. 16 Additional  Accumulated  Unearned Total Common  Paid-in  Retained Other Comprehensive Treasury  ESOP Shareholders’  Stock Capital Earnings Income (Loss) Stock Shares Equity Balance at December 31, 2000 $ 62,525 $ 67,223  $ 272,169  $ (7,808) $ (54,666) $ (5,287) $ 334,156 Comprehensive income  Net income -0-  -0- 50,189 -0- -0- -0- 50,189 Other comprehensive income, net of tax:  Unrealized holding gains (losses) on  securities arising during the period  securities arising during the period -0-  -0- -0- 18,639 -0- -0- 18,639 Less: reclassification adjustment  for gains on securities included  in net income   -0-   -0-  -0- (2,128)   -0-  -0-  (2,128) Total other comprehensive income 16,511  16,511 Total comprehensive income  -0-  -0- 50,189 -0- -0- 66,700 Cash dividends declared  Cash dividends declared (34,139)  -0- (34,139) Decrease in unearned ESOP shares  -0-  31 -0- -0- 1,161 1,192 Discount on dividend reinvestment  plan purchases  -0-  (612)  -0- -0- -0- -0- (612) Treasury stock reissued  Treasury stock reissued (735)  3,235 2,500 Tax benefit of stock options   -0-   269  -0-  -0-  -0-  -0-  269 Balance at December 31, 2001 62,525  66,176 288,219 8,703 (51,431)  (4,126)  370,066 Comprehensive income  Net income -0-  -0- 43,526 -0- -0- -0- 43,526 Other comprehensive income, net of tax:  Unrealized holding gains (losses) on  securities arising during the period  securities arising during the period -0-  -0- -0- 17,542 -0- -0- 17,542 Less: reclassification adjustment  for gains on securities included  in net income   -0-   -0-  -0-  (394)   -0-  -0-  (394) Total other comprehensive income  17,148 17,148 Total comprehensive income  -0-  -0- 43,526 17,148 -0- -0- 60,674 Cash dividends declared  Cash dividends declared (35,580)  -0- (35,580) Decrease in unearned ESOP shares  -0-  86 -0- -0- 1,071 1,157 Discount on dividend reinvestment plan  purchases -0-  (637)  -0- -0- -0- -0- (637) Treasury stock reissued  Treasury stock reissued (964)  6,450 5,486 Tax benefit of stock options   -0-   224  -0-  -0-  -0-  -0-  224 Balance at December 31, 2002 62,525  64,885 296,165 25,851 (44,981)  (3,055)  401,390 Comprehensive income  Net income -0-  -0- 53,300 -0- -0- -0- 53,300 Other comprehensive income, net of tax:  Unrealized holding gains (losses) on  securities arising during the period  securities arising during the period -0-  -0- -0- (6,951) -0- -0- (6,951) Less: reclassification adjustment  for gains on securities included  in net income  -0-  -0- -0- (3,734) -0- -0- (3,734) Unrealized holding gains on  derivatives used in cash flow hedging  relationship arising during the period  relationship arising during the period  -0-  -0-  -0-  7  -0-  -0-  7 Total other comprehensive income  -0-  (10,678)  (10,678) Total comprehensive income  -0-  -0- 53,300 -0- -0- 42,622 Cash dividends declared  Cash dividends declared (37,204)  -0- (37,204) Decrease in unearned ESOP shares  -0-  120 -0- -0- 1,061 1,181 Discount on dividend reinvestment plan  purchases -0-  (706)  -0- -0- -0- -0- (706) Treasury stock reissued  Treasury stock reissued (1,076)  7,202 6,126 Tax benefit of stock options  -0-  535 -0- -0- -0- -0- 535 Stock issued for acquisition   1,179  15,823  -0-  -0-  -0-  -0- 17,002 Balance at December 31, 2003 $ 63,704 $ 79,581  $ 312,261 $ 15,173  $ (37,779) $ (1,994) $ 430,946