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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Summary of Revenue | The following table details Peoples' revenue from contracts with customers:
| Three Months Ended |  |
| March 31, |  |
(Dollars in thousands) | 2025 | 2024 |  |  |
Insurance income: |  |  |  |  |
Commission and fees from sale of insurance policies (a) | $ | 4,512 |  | $ | 4,285 |  |  |  |
Performance-based commissions (b) | 1,542 |  | 2,213 |  |  |  |
Trust and investment income: |  |  |  |  |
Fiduciary income (a) | 2,915 |  | 2,757 |  |  |  |
Brokerage income (a) | 2,146 |  | 1,842 |  |  |  |
Electronic banking income: |  |  |  |  |
Interchange income (a) | 4,845 |  | 4,797 |  |  |  |
Promotional and usage income (a) | 1,040 |  | 1,249 |  |  |  |
Deposit account service charges: |  |  |  |  |
Ongoing maintenance fees for deposit accounts (a) | 1,643 |  | 1,718 |  |  |  |
Transaction-based fees (b) | 2,372 |  | 2,505 |  |  |  |
Commercial loan swap fees (b) | 537 |  | 52 |  |  |  |
Other non-interest income transaction-based fees (b) | 470 |  | 504 |  |  |  |
Total revenue from contracts with customers | $ | 22,022 |  | $ | 21,922 |  |  |  |
Timing of revenue recognition: |  |  |  |  |
Services transferred over time | $ | 17,101 |  | $ | 16,648 |  |  |  |
Services transferred at a point in time | 4,921 |  | 5,274 |  |  |  |
Total revenue from contracts with customers | $ | 22,022 |  | $ | 21,922 |  |  |  |
(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 three-month period ended March 31, 2025:
| Contract Assets | Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2025 | $ | 899 |  | $ | 5,771 |
Additional income receivable | 5 |  | — |
Additional deferred income | — |  | — |
Receipt of income previously receivable | (15) |  | — |
Recognition of income previously deferred | — |  | (555) |
Balance, March 31, 2025 | $ | 889 |  | $ | 5,216 |

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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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