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Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenue

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

									Three Months Ended
									March 31,
(Dollars in thousands)												2024			2023
Insurance income:
Commission and fees from sale of insurance policies (a)												$	4,199		$	3,816
Fees related to third-party administration services (a)												86			82
Performance-based commissions (b)												2,213			1,527
Trust and investment income:
Fiduciary income (a)												2,757			2,457
Brokerage income (a)												1,842			1,627
Electronic banking income:
Interchange income (a)												4,797			4,181
Promotional and usage income (a)												1,249			1,262
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)												1,718			1,461
Transaction-based fees (b)												2,505			2,062
Commercial loan swap fees (b)												52			—
Other non-interest income transaction-based fees (b)												504			430
Total revenue from contracts with customers												$	21,922		$	18,905
Timing of revenue recognition:
Services transferred over time												$	16,648		$	14,886
Services transferred at a point in time												5,274			4,019
Total revenue from contracts with customers												$	21,922		$	18,905

(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 three-month period ended March 31, 2024:

			Contract Assets			Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2024			$	753		$	5,776
Additional income receivable			37			—
Additional deferred income			—			26
Receipt of income previously receivable			(50)			—
Recognition of income previously deferred			—			(529)
Balance, March 31, 2024			$	740		$	5,273

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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