================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2006 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 this Report on Behalf of Reporting Manager: Name: John J. Dolan Title: Executive Vice President and Chief Financial Officer Phone: (724) 349-7220 Signature,Place, and Date of Signing: /s/ John J. Dolan ------------------------------ John J. Dolan, Indiana, PA, February 13, 2007 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: 204 Form 13F Information Table Value Total: $163,048 (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 TITLE MARKET VOTING OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------ ------ --------- -------- --------- ----- ---- ---------- -------- --------- ----- ----- 1MELLON FINL CORP COMMON 58551A108 163 3,870 SH OTHER 1 1,600 2,270 0 3M CO COMMON 88579Y101 252 3,230 SH DEFINED 1 3,230 0 0 3M CO COMMON 88579Y101 714 9,160 SH OTHER 1 9,160 0 0 ABBOTT LABS COMMON 002824100 925 18,995 SH DEFINED 1 18,995 0 0 ABBOTT LABS COMMON 002824100 27 550 SH OTHER 1 550 0 0 AIR PRODS & CHEMS INC COMMON 009158106 546 7,762 SH DEFINED 1 7,762 0 0 AIR PRODS & CHEMS INC COMMON 009158106 18 250 SH OTHER 1 250 0 0 ALLSTATE CORP COMMON 020002101 1,217 18,693 SH DEFINED 1 18,693 0 0 ALLSTATE CORP COMMON 020002101 474 7,274 SH OTHER 1 7,274 0 0 ALLTEL CORP COMMON 020039103 855 14,129 SH DEFINED 1 14,129 0 0 ALLTEL CORP COMMON 020039103 406 6,716 SH OTHER 1 550 6,166 0 ALTRIA GROUP INC COMMON 02209S103 1,364 15,895 SH DEFINED 1 15,895 0 0 ALTRIA GROUP INC COMMON 02209S103 2,492 29,040 SH OTHER 1 29,040 0 0 AMERICAN INTL GROUP INC COMMON 026874107 1,103 15,392 SH DEFINED 1 15,392 0 0 AMERICAN INTL GROUP INC COMMON 026874107 51 718 SH OTHER 1 718 0 0 AMGEN INC COMMON 031162100 1,323 19,361 SH DEFINED 1 19,361 0 0 AMGEN INC COMMON 031162100 79 1,150 SH OTHER 1 1,150 0 0 ANHEUSER BUSCH COS INC COMMON 035229103 369 7,500 SH DEFINED 1 7,500 0 0 ANHEUSER BUSCH COS INC COMMON 035229103 15 300 SH OTHER 1 300 0 0 APACHE CORP COMMON 037411105 825 12,398 SH DEFINED 1 12,398 0 0 APACHE CORP COMMON 037411105 73 1,099 SH OTHER 1 575 524 0 AT&T INC COMMON 00206R102 843 23,570 SH DEFINED 1 23,570 0 0 AT&T INC COMMON 00206R102 387 10,827 SH OTHER 1 10,822 0 5 AUTOMATIC DATA PROCESSING IN COMMON 053015103 738 14,980 SH DEFINED 1 14,980 0 0 AUTOMATIC DATA PROCESSING IN COMMON 053015103 59 1,200 SH OTHER 1 1,200 0 0 BANK OF AMERICA CORPORATION COMMON 060505104 1,510 28,279 SH DEFINED 1 28,279 0 0 BANK OF AMERICA CORPORATION COMMON 060505104 201 3,759 SH OTHER 1 3,759 0 0 BECTON DICKINSON & CO COMMON 075887109 765 10,910 SH DEFINED 1 10,910 0 0 BECTON DICKINSON & CO COMMON 075887109 70 1,000 SH OTHER 1 1,000 0 0 BELLSOUTH CORP COMMON 079860102 548 11,641 SH DEFINED 1 11,241 400 0 BELLSOUTH CORP COMMON 079860102 167 3,548 SH OTHER 1 3,548 0 0 BERKSHIRE SECURITIES COMMON 084991868 1,339 6,140 SH DEFINED 1 6,140 0 0 BERKSHIRE SECURITIES COMMON 084991868 392 1,800 SH OTHER 1 1,800 0 0 BJ SVCS CO COMMON 055482103 530 18,085 SH DEFINED 1 18,085 0 0 BJ SVCS CO COMMON 055482103 9 300 SH OTHER 1 300 0 0 BOEING CO COMMON 097023105 262 2,952 SH DEFINED 1 2,952 0 0 BOEING CO COMMON 097023105 150 1,686 SH OTHER 1 1,686 0 0 BP PLC COMMON 055622104 1,011 15,066 SH DEFINED 1 15,061 0 5 BP PLC COMMON 055622104 426 6,356 SH OTHER 1 5,354 1,002 0 CATERPILLAR INC DEL COMMON 149123101 177 2,889 SH DEFINED 1 2,889 0 0 CATERPILLAR INC DEL COMMON 149123101 29 475 SH OTHER 1 475 0 0 CHEVRON CORP NEW COMMON 166764100 593 8,060 SH DEFINED 1 8,055 0 5 CHEVRON CORP NEW COMMON 166764100 311 4,227 SH OTHER 1 3,552 0 675 CISCO SYS INC COMMON 17275R102 1,665 60,925 SH DEFINED 1 60,925 0 0 CISCO SYS INC COMMON 17275R102 152 5,575 SH OTHER 1 5,075 0 500 CITIGROUP INC COMMON 172967101 1,513 27,164 SH DEFINED 1 27,164 0 0 CITIGROUP INC COMMON 172967101 201 3,605 SH OTHER 1 3,240 365 0 CNB FINL CORP PA COMMON 126128107 332 23,400 SH DEFINED 1 23,400 0 0 CONOCOPHILLIPS COMMON 20825C104 254 3,529 SH DEFINED 1 3,524 0 5 CONOCOPHILLIPS COMMON 20825C104 32 450 SH OTHER 1 450 0 0 CONSTELLATION ENERGY GROUP I COMMON 210371100 260 3,770 SH OTHER 1 3,770 0 0 COVENTRY HEALTH CARE INC COMMON 222862104 748 14,941 SH DEFINED 1 14,941 0 0 COVENTRY HEALTH CARE INC COMMON 222862104 39 788 SH OTHER 1 788 0 0 DANAHER CORP DEL COMMON 235851102 628 8,670 SH DEFINED 1 8,670 0 0 DISNEY WALT CO COMMON 254687106 843 24,595 SH DEFINED 1 24,595 0 0 DISNEY WALT CO COMMON 254687106 50 1,450 SH OTHER 1 1,450 0 0 DOMINION RES INC VA NEW COMMON 25746U109 1,009 12,038 SH DEFINED 1 12,038 0 0 DOMINION RES INC VA NEW COMMON 25746U109 137 1,637 SH OTHER 1 1,637 0 0 DOW CHEM CO COMMON 260543103 852 21,361 SH DEFINED 1 21,361 0 0 DOW CHEM CO COMMON 260543103 14 350 SH OTHER 1 350 0 0 DU PONT E I DE NEMOURS & CO COMMON 263534109 335 6,874 SH DEFINED 1 6,874 0 0 DU PONT E I DE NEMOURS & CO COMMON 263534109 93 1,900 SH OTHER 1 300 1,600 0 EBAY INC COMMON 278642103 648 21,540 SH DEFINED 1 21,540 0 0 EBAY INC COMMON 278642103 17 550 SH OTHER 1 550 0 0 ELECTRONIC ARTS INC COMMON 285512109 541 10,750 SH DEFINED 1 10,750 0 0 ELECTRONIC ARTS INC COMMON 285512109 5 100 SH OTHER 1 100 0 0 EMBRYO DEV CORP COMMON 290818103 0 15,000 SH DEFINED 1 15,000 0 0 EMERSON ELEC CO COMMON 291011104 31 700 SH DEFINED 1 700 0 0 EMERSON ELEC CO COMMON 291011104 805 18,260 SH OTHER 1 18,260 0 0 ESB FINANCIAL CORP COMMON 26884F102 138 12,510 SH DEFINED 12,510 0 0 EXELON CORP COMMON 30161N101 138 2,236 SH DEFINED 1 2,236 0 0 EXELON CORP COMMON 30161N101 88 1,416 SH OTHER 1 1,416 0 0 EXXON MOBIL CORP COMMON 30231G102 4,388 57,257 SH DEFINED 1 57,252 0 5 EXXON MOBIL CORP COMMON 30231G102 2,617 34,155 SH OTHER 1 13,679 20,476 0 FEDEX CORP COMMON 31428X106 1,043 9,605 SH DEFINED 1 9,605 0 0 FEDEX CORP COMMON 31428X106 30 275 SH OTHER 1 275 0 0 FIRST COMWLTH FINL CORP PA COMMON 319829107 16,808 1,251,556 SH DEFINED 1 1,247,740 3,816 0 FIRST COMWLTH FINL CORP PA COMMON 319829107 1,276 94,989 SH OTHER 1 54,874 40,115 0 FLEXTRONICS INTL LTD COMMON Y2573F102 189 16,475 SH DEFINED 1 16,475 0 0 FLEXTRONICS INTL LTD COMMON Y2573F102 3 250 SH OTHER 1 250 0 0 FNB COMMON 302520101 5,547 303,600 SH DEFINED 303,600 0 0 FORTUNE BRANDS INC COMMON 349631101 1,328 15,552 SH DEFINED 1 15,552 0 0 FORTUNE BRANDS INC COMMON 349631101 32 375 SH OTHER 1 375 0 0 FPL GROUP INC COMMON 302571104 265 4,865 SH DEFINED 1 4,865 0 0 FPL GROUP INC COMMON 302571104 128 2,350 SH OTHER 1 2,350 0 0 GALLAHER GROUP PLC COMMON 363595109 203 2,252 SH DEFINED 1 2,252 0 0 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 0 0 GENERAL ELECTRIC CO COMMON 369604103 2,983 80,161 SH DEFINED 1 80,161 0 0 GENERAL ELECTRIC CO COMMON 369604103 4,448 119,550 SH OTHER 1 117,445 2,105 0 GLAXOSMITHKLINE PLC COMMON 37733W105 685 12,983 SH DEFINED 1 12,983 0 0 GLAXOSMITHKLINE PLC COMMON 37733W105 11 200 SH OTHER 1 200 0 0 HARTFORD FINL SVCS GROUP INC COMMON 416515104 1,114 11,935 SH DEFINED 1 11,935 0 0 HARTFORD FINL SVCS GROUP INC COMMON 416515104 124 1,332 SH OTHER 1 1,332 0 0 HELMERICH & PAYNE INC COMMON 423452101 464 18,960 SH DEFINED 1 18,960 0 0 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 671 17,155 SH DEFINED 1 17,155 0 0 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 481 12,300 SH OTHER 1 12,300 0 0 INTEL CORP COMMON 458140100 315 15,575 SH DEFINED 1 15,575 0 0 INTEL CORP COMMON 458140100 53 2,600 SH OTHER 1 2,600 0 0 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,568 16,138 SH DEFINED 1 16,138 0 0 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,412 14,533 SH OTHER 1 14,433 100 0 JACOBS ENGR GROUP INC DEL COMMON 469814107 813 9,970 SH DEFINED 1 9,970 0 0 JACOBS ENGR GROUP INC DEL COMMON 469814107 29 350 SH OTHER 1 350 0 0 JOHNSON & JOHNSON COMMON 478160104 1,795 27,184 SH DEFINED 1 27,184 0 0 JOHNSON & JOHNSON COMMON 478160104 531 8,040 SH OTHER 1 8,040 0 0 JP MORGAN CHASE & CO COMMON 46625H100 444 9,187 SH DEFINED 1 9,187 0 0 JP MORGAN CHASE & CO COMMON 46625H100 18 370 SH OTHER 1 370 0 0 JUNIATA VALLEY NATL BK COMMON 482016102 1,015 48,238 SH DEFINED 1 48,238 0 0 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 697 8,520 SH DEFINED 1 8,520 0 0 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 14 175 SH OTHER 1 175 0 0 LEESPORT FINANCIAL CORPORATION COMMON 524477106 1,924 80,482 SH DEFINED 80,482 0 0 LEHMAN BROS HLDGS INC COMMON 524908100 944 12,087 SH DEFINED 1 12,087 0 0 LEHMAN BROS HLDGS INC COMMON 524908100 59 750 SH OTHER 1 750 0 0 LOWES COS INC COMMON 548661107 1,233 39,591 SH DEFINED 1 39,591 0 0 LOWES COS INC COMMON 548661107 170 5,450 SH OTHER 1 4,850 600 0 MAGNITUDE INFORMATION SYS IN COMMON 559534102 3 112,400 SH DEFINED 1 112,400 0 0 MCCORMICK & CO INC COMMON 579780206 620 16,085 SH DEFINED 1 16,085 0 0 MCCORMICK & CO INC COMMON 579780206 13 350 SH OTHER 1 350 0 0 MELLON FINL CORP COMMON 58551A108 446 10,574 SH DEFINED 1 10,374 0 200 MERCK & CO INC COMMON 589331107 95 2,176 SH DEFINED 1 2,176 0 0 MERCK & CO INC COMMON 589331107 1,219 27,950 SH OTHER 1 27,450 500 0 MERRILL LYNCH & CO INC COMMON 590188108 1,639 17,610 SH DEFINED 1 17,610 0 0 MERRILL LYNCH & CO INC COMMON 590188108 184 1,975 SH OTHER 1 1,975 0 0 MICROSOFT CORP COMMON 594918104 1,468 49,154 SH DEFINED 1 49,154 0 0 MICROSOFT CORP COMMON 594918104 63 2,100 SH OTHER 1 2,100 0 0 MORGAN STANLEY COMMON 617446448 11 130 SH DEFINED 1 130 0 0 MORGAN STANLEY COMMON 617446448 391 4,797 SH OTHER 1 4,797 0 0 MOTOROLA INC COMMON 620076109 523 25,420 SH DEFINED 1 25,420 0 0 MOTOROLA INC COMMON 620076109 10 500 SH OTHER 1 500 0 0 NATIONAL CITY CORP COMMON 635405103 649 17,745 SH DEFINED 1 17,745 0 0 NATIONAL CITY CORP COMMON 635405103 5 150 SH OTHER 1 150 0 0 NEW MEXICO BANQUEST COMMON 647991926 11,169 45,589 SH DEFINED 1 45,589 0 0 NEW MEXICO BANQUEST COMMON 647991926 176 717 SH OTHER 1 717 0 0 NOBLE CORPORATION COMMON G65422100 335 4,400 SH DEFINED 1 4,400 0 0 NORTH PITTSBURGH SYS INC COMMON 661562108 260 10,764 SH DEFINED 1 10,764 0 0 OMEGA FINANCIAL CORP COMMON 682092101 5,279 165,377 SH DEFINED 165,377 0 0 ORACLE CORP COMMON 68389X105 768 44,809 SH DEFINED 1 44,809 0 0 ORACLE CORP COMMON 68389X105 48 2,816 SH OTHER 1 2,816 0 0 PARKVALE FINANCIAL CORP COMMON 701492100 7,129 224,544 SH DEFINED 224,544 0 0 PENNSYLVANIA RL ESTATE INVT COMMON 709102107 292 7,414 SH DEFINED 1 7,414 0 0 PEPSICO INC COMMON 713448108 1,606 25,676 SH DEFINED 1 25,676 0 0 PEPSICO INC COMMON 713448108 1,317 21,050 SH OTHER 1 21,050 0 0 PETSMART INC COMMON 716768106 661 22,890 SH DEFINED 1 22,890 0 0 PETSMART INC COMMON 716768106 10 350 SH OTHER 1 350 0 0 PFIZER INC COMMON 717081103 665 25,694 SH DEFINED 1 24,494 0 1,200 PFIZER INC COMMON 717081103 584 22,562 SH OTHER 1 22,562 0 0 PNC FINL SVCS GROUP INC COMMON 693475105 582 7,857 SH DEFINED 1 7,857 0 0 PNC FINL SVCS GROUP INC COMMON 693475105 185 2,500 SH OTHER 1 2,500 0 0 PPG INDS INC COMMON 693506107 152 2,362 SH DEFINED 1 2,362 0 0 PPG INDS INC COMMON 693506107 1,512 23,552 SH OTHER 1 18,702 4,850 0 PPL CORP COMMON 69351T106 304 8,492 SH DEFINED 1 8,492 0 0 PPL CORP COMMON 69351T106 156 4,350 SH OTHER 1 4,350 0 0 PRICE T ROWE GROUP INC COMMON 74144T108 861 19,680 SH DEFINED 1 19,680 0 0 PRICE T ROWE GROUP INC COMMON 74144T108 66 1,500 SH OTHER 1 1,500 0 0 PROCTER & GAMBLE CO COMMON 742718109 1,815 28,242 SH DEFINED 1 28,242 0 0 PROCTER & GAMBLE CO COMMON 742718109 2,556 39,771 SH OTHER 1 39,771 0 0 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 113 1,709 SH DEFINED 1 1,709 0 0 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 281 4,230 SH OTHER 1 4,230 0 0 QUALCOMM INC COMMON 747525103 690 18,258 SH DEFINED 1 18,258 0 0 QUALCOMM INC COMMON 747525103 25 650 SH OTHER 1 650 0 0 ROCKWELL AUTOMATION INC COMMON 773903109 179 2,926 SH DEFINED 1 2,926 0 0 ROCKWELL AUTOMATION INC COMMON 773903109 122 2,000 SH OTHER 1 2,000 0 0 ROCKWELL COLLINS INC COMMON 774341101 167 2,637 SH DEFINED 1 2,637 0 0 ROCKWELL COLLINS INC COMMON 774341101 127 2,000 SH OTHER 1 2,000 0 0 ROYAL BANCSHARES OF PENN-A COMMON 780081105 504 19,197 SH DEFINED 19,197 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 214 3,016 SH DEFINED 1 3,016 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 178 2,521 SH OTHER 1 2,521 0 0 S & T BANCORP INC COMMON 783859101 2,741 79,064 SH DEFINED 1 79,064 0 0 S & T BANCORP INC COMMON 783859101 426 12,291 SH OTHER 1 12,291 0 0 SCHLUMBERGER LTD COMMON 806857108 295 4,674 SH DEFINED 1 4,674 0 0 SCHLUMBERGER LTD COMMON 806857108 30 468 SH OTHER 1 468 0 0 SOUTHERN CO COMMON 842587107 610 16,549 SH DEFINED 1 16,549 0 0 SOUTHERN CO COMMON 842587107 17 450 SH OTHER 1 450 0 0 SUSQUEHANNA BANCSHARES INC COMMON 869099101 1,599 59,487 SH DEFINED 59,487 0 0 SUSQUEHANNA BANCSHARES INC P COMMON 869099101 1,404 52,242 SH DEFINED 1 52,242 0 0 TARGET CORP COMMON 87612E106 1,257 22,028 SH DEFINED 1 22,028 0 0 TARGET CORP COMMON 87612E106 196 3,438 SH OTHER 1 3,438 0 0 TEXAS INSTRS INC COMMON 882508104 736 25,560 SH DEFINED 1 25,560 0 0 TEXAS INSTRS INC COMMON 882508104 72 2,500 SH OTHER 1 2,500 0 0 UNITED TECHNOLOGIES CORP COMMON 913017109 967 15,460 SH DEFINED 1 15,460 0 0 UNITED TECHNOLOGIES CORP COMMON 913017109 31 500 SH OTHER 1 500 0 0 VALERO ENERGY CORP NEW COMMON 91913Y100 712 13,910 SH DEFINED 1 13,910 0 0 VALERO ENERGY CORP NEW COMMON 91913Y100 26 500 SH OTHER 1 500 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 2,029 54,480 SH DEFINED 1 54,480 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 983 26,407 SH OTHER 1 21,863 4,544 0 VODAFONE GROUP PLC NEW COMMON 92857W209 70 2,528 SH DEFINED 1 2,528 0 0 VODAFONE GROUP PLC NEW COMMON 92857W209 175 6,317 SH OTHER 1 6,317 0 0 VORNADO RLTY TR COMMON 929042109 368 3,025 SH DEFINED 1 3,025 0 0 VORNADO RLTY TR COMMON 929042109 73 600 SH OTHER 1 600 0 0 WACHOVIA CORP 2ND NEW COMMON 929903102 1,100 19,317 SH DEFINED 1 19,317 0 0 WAL MART STORES INC COMMON 931142103 806 17,459 SH DEFINED 1 17,459 0 0 WAL MART STORES INC COMMON 931142103 113 2,450 SH OTHER 1 2,450 0 0 WALGREEN CO COMMON 931422109 629 13,710 SH DEFINED 1 13,710 0 0 WALGREEN CO COMMON 931422109 11 250 SH OTHER 1 250 0 0 WASHINGTON MUT INC COMMON 939322103 620 13,629 SH DEFINED 1 13,629 0 0 WASHINGTON MUT INC COMMON 939322103 43 950 SH OTHER 1 950 0 0 WELLPOINT INC COMMON 94973V107 528 6,705 SH DEFINED 1 6,705 0 0 WELLPOINT INC COMMON 94973V107 8 100 SH OTHER 1 100 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,203 33,827 SH DEFINED 1 33,827 0 0 WELLS FARGO & CO NEW COMMON 949746101 69 1,932 SH OTHER 1 1,932 0 0 WILLOW GROVE BANCORP COMMON 97111W101 451 30,200 SH DEFINED 30,200 0 0 WINDSTREAM CORP COMMON 97381W104 50 3,547 SH DEFINED 1 3,547 0 0 WINDSTREAM CORP COMMON 97381W104 93 6,505 SH OTHER 1 78 0 6,427 WYETH COMMON 983024100 718 14,095 SH DEFINED 1 14,095 0 0 WYETH COMMON 983024100 64 1,250 SH OTHER 1 1,250 0 0 GRAND TOTALS 163,048 4,729,310