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Revenue (Tables)
12 Months Ended
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)202420232022
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 time16,001 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 AssetsContract Liabilities
Balance, January 1, 2024
$753 $5,776 
     Additional income receivable181 — 
     Additional deferred income— 269 
     Receipt of income previously receivable(35)— 
     Recognition of income previously deferred— (274)
Balance, December 31, 2024
$899 $5,771