FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Dollar Amounts in Thousands) The accompanying notes are an integral part of these consolidated financial statements. December 31, 2003 2002 ASSETS Cash and due from banks $ 82,510  $ 81,114 Interest-bearing bank deposits 5,362 1,973 Securities available for sale, at market 1,969,176 1,482,771 Securities held to maturity, at amortized cost, (Market value  $109,609 in 2003 and $204,887 in 2002) 104,254  197,838 Loans 2,825,337 2,609,440 Unearned income (455) (806) Allowance for credit losses (37,385) (34,496) Net loans 2,787,497  2,574,138 Premises and equipment 46,538 45,730 Other real estate owned 1,866 1,651 Goodwill 29,854 8,131 Amortizing intangibles, net 3,256 29 Other assets 158,882  131,368 Total assets $ 5,189,195  $ 4,524,743 LIABILITIES Deposits (all domestic): Noninterest-bearing $ 408,647 $ 377,466 Interest-bearing 2,879,628 2,666,658 Total deposits 3,288,275 3,044,124 Short-term borrowings 634,127 469,065 Other liabilities 41,875 30,230 Company obligated mandatorily redeemable  capital securities of subsidiary trust -0- 35,000 Subordinated debentures 75,304  -0- Other long-term debt  718,668 544,934 Total long-term debt 793,972 579,934 Total liabilities 4,758,249 4,123,353 SHAREHOLDERS’ EQUITY Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued -0- -0- Common stock $1 par value per share, 100,000,000 shares authorized;  63,704,445 shares issued and 60,712,020 shares outstanding in 2003;  62,525,408 shares issued and 58,962,539 shares outstanding in 2002 63,704 62,525 Additional paid-in capital 79,581 64,885 Retained earnings 312,261 296,165 Accumulated other comprehensive income 15,173 25,851 Treasury stock (2,992,425 and 3,562,869 shares at December 31, 2003  and 2002, respectively at cost) (37,779) (44,981) Unearned ESOP shares  (1,994) (3,055) Total shareholders’ equity  430,946 401,390 Total liabilities and shareholders’ equity $ 5,189,195 $ 4,524,743 14