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Employee Benefit Plans
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans 
Peoples sponsored a noncontributory defined benefit pension plan that covered substantially all employees hired before January 1, 2010.  The plan provided retirement benefits based on an employee’s years of service and compensation. During the third quarter of 2023, Peoples terminated its pension plan by settling the remaining benefit obligation of $7.7 million. The pension plan had been closed to new entrants since January 1, 2010. Peoples recorded a settlement charge of $2.4 million in the third quarter of 2023 in relation to the termination of the pension plan. Peoples does not anticipate further expenses related to the termination.
Retirement Savings Plan
Peoples maintains a retirement savings plan, or 401(k) plan, which covers substantially all employees. The plan provides participants with the opportunity to save for retirement on a tax-deferred basis. Since January 1, 2021, Peoples has matched 100% of participants’ contributions up to 6% of the participants’ compensation. Matching contributions made by Peoples totaled $5.8 million in 2024, $5.4 million in 2023 and $4.4 million in 2022.