XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenue

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

			Three Months Ended									Six Months Ended
			June 30,									June 30,
(Dollars in thousands)			2024			2023						2024			2023
Insurance income:
Commission and fees from sale of insurance policies (a)			$	4,104		$	3,969					$	8,389		$	7,867
Performance-based commissions (b)			5			35						2,218			1,562
Trust and investment income:
Fiduciary income (a)			3,010			2,747						5,767			5,204
Brokerage income (a)			1,989			1,667						3,831			3,294
Electronic banking income:
Interchange income (a)			5,086			5,036						9,883			9,217
Promotional and usage income (a)			1,384			1,430						2,633			2,692
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)			1,716			1,623						3,434			3,084
Transaction-based fees (b)			2,623			2,530						5,128			4,592
Commercial loan swap fees (b)			59			118						111			118
Other non-interest income transaction-based fees (b)			589			378						1,093			808
Total revenue from contracts with customers			$	20,565		$	19,533					$	42,487		$	38,438
Timing of revenue recognition:
Services transferred over time			$	17,289		$	16,472					$	33,937		$	31,358
Services transferred at a point in time			3,276			3,061						8,550			7,080
Total revenue from contracts with customers			$	20,565		$	19,533					$	42,487		$	38,438

(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 six-month period ended June 30, 2024:

			Contract Assets			Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2024			$	753		$	5,776
Additional income receivable			81			—
Additional deferred income			—			117
Receipt of income previously receivable			(45)			—
Recognition of income previously deferred			—			(93)
Balance, June 30, 2024			$	789		$	5,800

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

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration