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Parent Company financial statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net income | $ 5,032 | $ 7,148 | $ 7,144 | $ 6,412 | $ 6,392 | $ 6,717 | $ 5,957 | $ 5,854 | $ 25,736 | $ 24,920 | $ 18,457
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Decrease in other assets |  |  |  |  |  |  |  |  | (3,363) | 816 | 2,023
Decrease in other liabilities |  |  |  |  |  |  |  |  | 2,389 | (1,736) | (1,817)
Stock based compensation |  |  |  |  |  |  |  |  | 554 | 272 | 177
Net cash provided by operating activities |  |  |  |  |  |  |  |  | 37,079 | 32,626 | 28,593
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of equity securities |  |  |  |  |  |  |  |  | (2,739) | 1,100 | (1,511)
Net cash used in investing activities |  |  |  |  |  |  |  |  | (184,721) | (134,806) | (184,563)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Redemption of common stock |  |  |  |  |  |  |  |  | (634) |  |
Net cash provided by financing activities |  |  |  |  |  |  |  |  | 146,179 | 97,308 | 153,517
Increase (decrease) in cash |  |  |  |  |  |  |  |  | (1,463) | (4,872) | (2,453)
Cash and cash equivalents at beginning of period |  |  |  | 32,616 |  |  |  |  | 32,616 |  |
Cash and cash equivalents at end of period | 31,153 |  |  |  | 32,616 |  |  |  | 31,153 | 32,616 |
Peoples Bank |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  | 25,736 | 24,920 | 18,457
Adjustments: |  |  |  |  |  |  |  |  |  |  |
Net gains on investment securities |  |  |  |  |  |  |  |  | (132) | (14) |
Undistributed net income of subsidiaries | (15,609) |  |  |  | (15,331) |  |  |  | (15,609) | (15,331) | (9,237)
Decrease in other assets |  |  |  |  |  |  |  |  | (310) | (111) | (3)
Decrease in other liabilities |  |  |  |  |  |  |  |  |  | (10) | (53)
Stock based compensation |  |  |  |  |  |  |  |  | 554 | 272 | 177
Increase in due from subsidiaries |  |  |  |  |  |  |  |  | 1,974 |  |
Net cash provided by operating activities |  |  |  |  |  |  |  |  | 12,213 | 9,726 | 9,341
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of equity securities |  |  |  |  |  |  |  |  |  | (234) | (43)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Stock awards |  |  |  |  |  |  |  |  | 8 | 5 | 5
Purchase of treasury stock |  |  |  |  |  |  |  |  | (634) |  |
Cash dividends paid |  |  |  |  |  |  |  |  | (10,131) | (9,693) | (9,319)
Net cash provided by financing activities |  |  |  |  |  |  |  |  | (10,757) | (9,688) | (9,314)
Increase (decrease) in cash |  |  |  |  |  |  |  |  | 1,456 | (196) | (16)
Cash and cash equivalents at beginning of period |  |  |  | $ 3,736 |  |  |  | $ 3,932 | 3,736 | 3,932 | 3,948
Cash and cash equivalents at end of period | $ 5,192 |  |  |  | $ 3,736 |  |  |  | $ 5,192 | $ 3,736 | $ 3,932

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