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Merger accounting (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Calculation of Consideration Effectively Transferred

Penseco shares outstanding at November 30, 2013(A)			3,275,217
Exchange ratio			1.3636
Peoples shares issued to Penseco shareholders(B)			4,465,538
Peoples shares outstanding at November 30, 2013			3,087,406
Total Peoples shares outstanding at November 30, 2013			7,552,944
Penseco     % ownership			59.12	%
Peoples     % ownership			40.88	%
Theoretical Penseco share to be issued as consideration
Penseco shares outstanding at November 30, 2013(A)			3,275,217
Ownership     % held by Penseco shareholders			59.12	%
Theoretical Penseco shares after consideration paid			5,539,653
Ownership     % by legacy Peoples shareholders			40.88	%
Theoretical Penseco shares issued as consideration			2,264,436
Fair value of Penseco shares at November 30, 2013 ($34.50 multiplied by 1.3636)		$	47.04
Fair value of theoretical Penseco shares					$	106,519
Cash paid for fractional shares						17
					$	106,536

(A) Excludes 9,928 shares of Penseco common shares owned by Peoples which were retired.

Excludes payment for fractional shares.

Schedule of Acquired Assets and Assumed Liabilities Measured at Estimated Fair Values

Total Purchase Price					$	106,536
Net Assets Acquired:
Cash and due from banks		$	6,982
Federal funds sold			15,410
Investment securities available-for-sale			156,435
Restricted equity securities			997
Loans, net			504,002
Accrued interest receivable			3,625
Premises and equipment			11,737
Core deposit and other intangible assets			6,323
Other assets			18,647
Deposits			(628,304)
Short-term borrowings			(17,737)
Long-term debt			(2,516)
Accrued interest payable			(473)
Other liabilities			(5,976)
Net assets acquired						69,152
Treasury stock acquired						412
Goodwill resulting from merger					$	36,972

Summary of Acquired Nonimpaired and Impaired Loans

		Acquired			Acquired
		Nonimpaired			Impaired
		Loans			Loans
Contractually required principal and interest at acquisition		$	501,423		$	19,353
Contractual cash flows not expected to be collected (nonaccretable discount)						(10,873)
Expected cash flows at acquisition			501,423			8,480
Interest component of expected cash flows (accretable discount)			(4,773)			(1,128)
Fair value of acquired loans		$	496,650		$	7,352

Summary of Merger Related Costs

December 31,		2014			2013
Accounting		$	258		$	65
Legal and consulting			85			1,011
Salaries and benefits			459			1,851
Equipment disposition and contract termination			440			709
System conversion/deconversion costs			278			956
Other			205			17
Total		$	1,725		$	4,609

Schedule of Pro Forma Condensed Combined Financial Information

Years ended December 31,		2013			2012
Net interest income after loan loss provision		$	52,734		$	52,917
Noninterest income			16,080			16,287
Noninterest expense			52,295			49,827
Net income		$	16,519		$	19,377
Net income per share		$	2.19		$	2.55

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
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Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
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