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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Summary of Common Stock and Treasury Stock | The following table details the progression in Peoples’ common shares and treasury stock during the nine months ended September 30, 2023:
|  | Common Shares | Treasury Stock
Shares at December 31, 2022 |  | 29,857,920 |  | 1,643,461 |
Changes related to stock-based compensation awards: |  |  |
Release of restricted common shares |  | — |  | 34,710 |
Cancellation of restricted common shares |  | — |  | 15,726 |
Grant of restricted common shares |  | — |  | (249,645) |
Grant of unrestricted common shares |  | — |  | (1,900) |
Changes related to deferred compensation plan for Boards of Directors: |  |  |
Purchase of treasury stock |  | — |  | 15,737 |
Disbursed out of treasury stock |  | — |  | (4,368) |
Common shares issued under dividend reinvestment plan |  | 38,305 |  | — |
Common shares issued under compensation plan for Boards of Directors |  | — |  | (15,827) |
Common shares issued under employee stock purchase plan |  | — |  | (25,244) |
Issuance of common shares related to the Limestone Merger |  | 6,827,668 |  | — |
Shares at September 30, 2023 |  | 36,723,893 |  | 1,412,650 |
Summary of Dividends Declared | The following table details the cash dividends declared per common share during the four quarters of 2023 and the comparable periods of 2022:
| 2023 | 2022
First quarter | $ | 0.38 |  | $ | 0.36 |
Second quarter | 0.39 |  | 0.38 |
Third quarter | 0.39 |  | 0.38 |
Fourth quarter | 0.39 |  | 0.38 |
Total dividends declared | $ | 1.55 |  | $ | 1.50 |
Summary of Accumulated Other Comprehensive (Loss) Income | The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the nine months ended September 30, 2023:
(Dollars in thousands) | Unrealized (Loss) Gain on Securities | Unrecognized Net Pension and Postretirement Costs | Unrealized Gain (Loss) on Cash Flow Hedges | Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2022 | $ | (129,896) |  | $ | (1,633) |  | $ | 4,393 |  | $ | (127,136) |
Reclassification adjustments to net income: |  |  |  |
Realized loss on sale of securities, net of tax | 1,616 |  | — |  | — |  | 1,616 |
Realized loss due to settlement and curtailment, net of tax | — |  | 1,858 |  | — |  | 1,858 |
Other comprehensive (loss) income, net of reclassifications and tax | (19,824) |  | (180) |  | (130) |  | (20,134) |
Balance, September 30, 2023 | $ | (148,104) |  | $ | 45 |  | $ | 4,263 |  | $ | (143,796) |

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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-4 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-5 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481142/505-10-45-2 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-10 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-1 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
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