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Revenue
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table details Peoples' revenue from contracts with customers:
 Three Months Ended
March 31,
(Dollars in thousands)20252024
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 time4,921 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.
Peoples records contract assets for income that has been recognized over a period of time for fulfillment of performance obligations, but payment has not yet been received related to electronic banking income and certain insurance income. This income typically relates to bonuses for which Peoples is eligible, but will not receive until a certain time in the future. Peoples records contract liabilities for payments received for commission income related to the sale of insurance policies, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled, which is over the insurance policy period. Peoples also records contract liabilities for bonuses received related to electronic banking income, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled related to electronic banking income.
The following table details the changes in Peoples' contract assets and contract liabilities for the three-month period ended March 31, 2025:
 Contract AssetsContract Liabilities
(Dollars in thousands)
Balance, January 1, 2025$899 $5,771 
     Additional income receivable— 
     Additional deferred income— — 
     Receipt of income previously receivable(15)— 
     Recognition of income previously deferred— (555)
Balance, March 31, 2025$889 $5,216