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Revenue
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table details Peoples' revenue from contracts with customers:
 Three Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2024202320242023
Insurance income:
Commission and fees from sale of insurance policies (a)$4,271 $4,210 $12,660 $12,077 
Performance-based commissions (b)— 40 2,218 1,602 
Trust and investment income:
Fiduciary income (a)2,838 2,506 8,605 7,710 
Brokerage income (a)2,044 1,782 5,875 5,076 
Electronic banking income:
Interchange income (a)4,981 5,124 14,864 14,341 
Promotional and usage income (a)1,378 1,342 4,011 4,034 
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)1,741 1,577 5,175 4,661 
Transaction-based fees (b)2,779 2,939 7,907 7,531 
Commercial loan swap fees (b)163 475 274 593 
Other non-interest income transaction-based fees (b)243 391 1,336 1,199 
Total revenue from contracts with customers$20,438 $20,386 $62,925 $58,824 
Timing of revenue recognition:
Services transferred over time$17,253 $16,541 $51,190 $47,899 
Services transferred at a point in time3,185 3,845 11,735 10,925 
Total revenue from contracts with customers$20,438 $20,386 $62,925 $58,824 
(a) Services transferred over time.
(b) Services transferred at a point in time.
Peoples records contract assets for income that has been recognized over a period of time for fulfillment of performance obligations, but has not yet been received related to electronic banking income and certain insurance income. This income typically relates to bonuses for which Peoples is eligible, but will not receive until a certain time in the future. Peoples records contract liabilities for payments received for commission income related to the sale of insurance policies, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled, which is over the insurance policy period. Peoples also records contract liabilities for bonuses received related to electronic banking income, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled related to electronic banking income.
The following table details the changes in Peoples' contract assets and contract liabilities for the nine-month period ended September 30, 2024:
 Contract AssetsContract Liabilities
(Dollars in thousands)
Balance, January 1, 2024$753 $5,776 
     Additional income receivable132 — 
     Additional deferred income— — 
     Receipt of income previously receivable(40)— 
     Recognition of income previously deferred— (241)
Balance, September 30, 2024$845 $5,535