FIRST COMMONWEALTH FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Dollar Amounts in Thousands)  Accumulated Additional Other Unearned Total Common Paid-in Retained Comprehensive Treasury ESOP Shareholders’ Stock Capital Earnings Income (Loss) Stock Shares Equity Balance at December 31, 1998 $ 62,525 $ 68,978 $ 235,623 $ 2,199 $ (5,913) $ (8,007) $ 355,405 Comprehensive income Net income -0- -0- 53,030 -0- -0- -0- 53,030 Other comprehensive income, net of tax: Unrealized holding gains (losses) on securities arising during the period -0- -0- -0- (42,137) -0- -0- (42,137) Less: reclassification adjustment for gains on securities included in net income -0- -0- -0- (366) -0- -0- (366) Total other comprehensive income -0-  -0- -0- (42,503) -0- -0- (42,503) Total comprehensive income -0- -0- 53,030 (42,503) -0- -0- 10,527 Cash dividends declared -0- -0- (30,880) -0- -0- -0- (30,880) Net increase in unearned ESOP shares -0- 53 -0- -0- -0- 1,814 1,867 Discount on dividend reinvestment plan purchases -0- (358) -0- -0- -0- -0- (358) Treasury stock acquired -0- -0- -0- -0- (51,331) -0- (51,331) Treasury stock reissued -0- (343) -0- -0- 1,796 -0- 1,453 Balance at December 31, 1999 62,525 68,330 257,773 (40,304) (55,448) (6,193) 286,683 Comprehensive income Net income -0- -0- 47,246 -0- -0- -0- 47,246 Other comprehensive income, net of tax:  Unrealized holding gains (losses) on securities arising during the period -0- -0- -0- 33,630 -0- -0- 33,630 Less: reclassification adjustment for gains on securities included in net income -0-  -0-  -0- (1,134) -0- -0- (1,134) Total other comprehensive income -0- -0- -0- 32,496 -0- -0- 32,496 Total comprehensive income -0- -0- 47,246 32,496 -0- -0- 79,742 Cash dividends declared -0- -0- (32,850) -0- -0- -0- (32,850) Decrease in unearned ESOP shares -0- (113) -0- -0- -0- 906 793 Discount on dividend reinvestment plan purchases -0- (593) -0- -0- -0- -0- (593) Treasury stock acquired -0- -0- -0- -0- (873) -0- (873) Treasury stock reissued -0- (476) -0- -0- 1,655 -0- 1,179 Tax benefit of stock options -0- 75 -0- -0- -0- -0- 75 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 -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 -0- -0- -0- 16,511 -0- -0-  16,511 Total comprehensive income -0- -0- 50,189 16,511 -0- -0- 66,700 Cash dividends declared -0- -0- (34,139) -0- -0- -0- (34,139) Decrease in unearned ESOP shares -0- 31 -0- -0- -0- 1,161 1,192 Discount on dividend reinvestment plan purchases -0- (612) -0- -0- -0- -0- (612) Treasury stock reissued -0- (735) -0- -0-  3,235 -0- 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 18 The accompanying notes are an integral part of these consolidated financial statements.