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Revenue (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Revenue

The following table details Peoples' revenue from contracts with customers:

			Three Months Ended									Nine Months Ended
			September 30,									September 30,
(Dollars in thousands)			2023			2022						2023			2022
Insurance income:
Commission and fees from sale of insurance policies (a)			$	4,133		$	3,465					$	11,844		$	10,323
Fees related to third-party administration services (a)			77			88						233			252
Performance-based commissions (b)			40			65						1,602			1,420
Trust and investment income:
Fiduciary income (a)			2,506			2,376						7,710			7,618
Brokerage income (a)			1,782			1,578						5,076			4,858
Electronic banking income:
Interchange income (a)			5,124			4,150						14,341			12,564
Promotional and usage income (a)			1,342			1,111						4,034			3,369
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)			1,577			1,353						4,661			3,971
Transaction-based fees (b)			2,939			2,480						7,531			6,846
Commercial loan swap fees (b)			475			224						593			662
Other non-interest income transaction-based fees (b)			391			255						1,199			826
Total revenue from contracts with customers			$	20,386		$	17,145					$	58,824		$	52,709
Timing of revenue recognition:
Services transferred over time			$	16,541		$	14,121					$	47,899		$	42,955
Services transferred at a point in time			3,845			3,024						10,925			9,754
Total revenue from contracts with customers			$	20,386		$	17,145					$	58,824		$	52,709

(a) Services transferred over time.

(b) Services transferred at a point in time.

Summary of Contract Assets and Liabilities

The following table details the changes in Peoples' contract assets and contract liabilities for the nine-month period ended September 30, 2023:

			Contract Assets			Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2023			$	1,294		$	5,634
Additional income receivable			210			—
Additional deferred income			—			106
Recognition of income previously deferred			—			(163)
Balance, September 30, 2023			$	1,504		$	5,577

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

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