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Revenue (Tables)

9 Months Ended

Sep. 30, 2024

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)			2024			2023						2024			2023
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 time			3,185			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.

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, 2024:

			Contract Assets			Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2024			$	753		$	5,776
Additional income receivable			132			—
Additional deferred income			—			—
Receipt of income previously receivable			(40)			—
Recognition of income previously deferred			—			(241)
Balance, September 30, 2024			$	845		$	5,535

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- 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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