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Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Summary of Sales Type Lease Income
The table below details Peoples' lease income:
 Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Interest and fees on leases (a)$9,520 $11,922 $30,005 $35,970 
Lease income3,643 3,069 11,322 7,258 
Total lease income$13,163 $14,991 $41,327 $43,228 
(a)Included in "Interest and fees on loans and leases" in the Unaudited Consolidated Statements of Operations. For additional information, see "Note 4 Loans and Leases" of the Notes to the Unaudited Condensed Consolidated Financial Statements.
Summary of Sales Type Leases
The following table summarizes the net investment in leases, which is included in "Loans and leases, net of deferred fees and costs" on the Unaudited Consolidated Balance Sheets:
(Dollars in thousands)September 30, 2025December 31, 2024
Lease payments receivable, at amortized cost$412,462 $448,027 
Estimated residual values33,848 33,129 
Initial direct costs5,693 7,148 
Deferred revenue(69,250)(81,706)
Net investment in leases382,753 406,598 
Allowance for credit losses - leases(18,040)(12,893)
Net investment in leases, after allowance for credit losses$364,713 $393,705 
Summary of Sales Type Lease Maturity
The following table summarizes the contractual maturities of leases:
(Dollars in thousands)Balance
Remaining three months ending December 31, 2025$55,164 
Year ending December 31, 202683,746 
Year ending December 31, 202780,221 
Year ending December 31, 202884,320 
Year ending December 31, 202958,044 
Thereafter50,967 
Lease payments receivable, at amortized cost$412,462 
Summary of Lease Cost
The table below details Peoples' lease expense, which is included in "Net occupancy and equipment expense" in the Unaudited Consolidated Statements of Operations:
 Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Operating lease expense$650 $723 $1,968 $2,191 
Short-term lease expense335 290 1,114 923 
Variable lease expense11 42 29 47 
Total lease expense$996 $1,055 $3,111 $3,161 
The following table details the ROU assets, the lease liabilities and other information related to Peoples' operating leases at the dates shown:
(Dollars in thousands)September 30, 2025December 31, 2024
ROU assets:
Other assets$9,863 $10,419 
Lease liabilities:
     Accrued expenses and other liabilities$10,433 $10,968 
Other information:
     Weighted-average remaining lease term8.6 years9.0 years
     Weighted-average discount rate4.16 %4.11 %
     Additions for ROU assets obtained during the year$1,333 $1,660 
Summary of Operating Lease Maturities
The following table summarizes the maturity of remaining lease liabilities:
(Dollars in thousands)Balance
Remaining three months ending December 31, 2025$625 
Year ending December 31, 20262,413 
Year ending December 31, 20272,146 
Year ending December 31, 20281,625 
Year ending December 31, 20291,173 
Thereafter4,608 
Total undiscounted lease payments$12,590 
Imputed interest$(2,157)
Total lease liabilities$10,433