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Short-Term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Short-Term Debt [Abstract] |
Summary of Short-term Borrowings | Peoples utilizes various short-term borrowings as sources of funds, which are summarized as follows at December 31:
(Dollars in thousands) | Retail Repurchase Agreements | FHLB Advances |  | Other | Total |
2024 |  |  |  |  |  |
Ending balance | $ | 18,367 |  | $ | 175,000 |  |  | $ | 107 |  | $ | 193,474 |  |
Average balance | 44,036 |  | 121,739 |  |  | 135,531 |  | 301,306 |  |
Highest month-end balance | 101,073 |  | 348,000 |  |  | 213,045 |  | 612,073 |  |
Interest expense | $ | 1,065 |  | $ | 6,675 |  |  | $ | 7,805 |  | $ | 15,545 |  |
Weighted-average interest rate: |  |  |  |  |  |
End of year | 2.76 | % | 4.45 | % |  | 1.40 | % | 4.29 | % |
During the year | 2.42 | % | 5.48 | % |  | 5.76 | % | 5.16 | % |
2023 |  |  |  |  |  |
Ending balance | $ | 99,121 |  | $ | 369,000 |  |  | $ | 182,376 |  | $ | 650,497 |  |
Average balance | 102,530 |  | 353,532 |  |  | 41,970 |  | 498,032 |  |
Highest month-end balance | 125,937 |  | 484,000 |  |  | 133,000 |  | 585,439 |  |
Interest expense | $ | 1,349 |  | $ | 18,058 |  |  | $ | 528 |  | $ | 19,935 |  |
Weighted-average interest rate: |  |  |  |  |  |
End of year | 1.54 | % | 5.41 | % |  | 4.85 | % | 4.66 | % |
During the year | 1.32 | % | 5.11 | % |  | 4.93 | % | 4.00 | % |
2022 |  |  |  |  |  |
Ending balance | $ | 100,138 |  | $ | 400,000 |  |  | $ | — |  | $ | 500,138 |  |
Average balance | 113,434 |  | 83,356 |  |  | — |  | 196,790 |  |
Highest month-end balance | 286,442 |  | 400,000 |  |  | — |  | 500,138 |  |
Interest expense | $ | 274 |  | $ | 2,387 |  |  | $ | — |  | $ | 2,661 |  |
Weighted-average interest rate: |  |  |  |  |  |
End of year | 0.40 | % | 4.36 | % |  | — | % | 3.57 | % |
During the year | 0.24 | % | 2.86 | % |  | — | % | 1.35 | % |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- References No definition available. + Details
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