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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Summary of Revenue | The following table details Peoples’ revenue from contracts with customers for the year ended December 31:
(Dollars in thousands) | 2024 | 2023 | 2022 |  |
Insurance income: |  |  |  |  |
Commission and fees from sale of insurance policies (a) | $ | 17,183 |  | $ | 16,382 |  | $ | 14,303 |  |  |
Performance-based commissions (b) | 2,218 |  | 1,634 |  | 1,424 |  |  |
Trust and investment income: |  |  |  |  |
Fiduciary income (a) | 11,496 |  | 10,295 |  | 10,048 |  |  |
Brokerage income (a) | 8,017 |  | 6,865 |  | 6,343 |  |  |
Electronic banking income: |  |  |  |  |
Interchange income (a) | 19,731 |  | 19,380 |  | 16,674 |  |  |
Promotional and usage income (a) | 5,411 |  | 5,830 |  | 4,420 |  |  |
Deposit account service charges: |  |  |  |  |
Ongoing maintenance fees for deposit accounts (a) | 6,937 |  | 6,425 |  | 5,323 |  |  |
Transactional-based fees (b) | 10,647 |  | 10,257 |  | 9,260 |  |  |
Commercial loan swap fees (b) | 1,433 |  | 782 |  | 662 |  |  |
Other non-interest income transactional-based fees (b) | 1,703 |  | 1,650 |  | 1,499 |  |  |
Total | $ | 84,776 |  | $ | 79,500 |  | $ | 69,956 |  |  |
Timing of revenue recognition: |  |  |  |  |
Services transferred over time | $ | 68,775 |  | $ | 65,177 |  | $ | 57,111 |  |  |
Services transferred at a point in time | 16,001 |  | 14,323 |  | 12,845 |  |  |
Total | $ | 84,776 |  | $ | 79,500 |  | $ | 69,956 |  |  |
(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 year ended December 31, 2024:
(Dollars in thousands) | Contract Assets | Contract Liabilities
Balance, January 1, 2024 | $ | 753 |  | $ | 5,776 |
Additional income receivable | 181 |  | — |
Additional deferred income | — |  | 269 |
Receipt of income previously receivable | (35) |  | — |
Recognition of income previously deferred | — |  | (274) |
Balance, December 31, 2024 | $ | 899 |  | $ | 5,771 |

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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 + Details
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- 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
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