XML 66 R56.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair value estimates - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring Basis - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | $ 251,162 | $ 332,879
U.S. Treasuries |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 22,005 | 24,128
U.S. government-sponsored enterprises state and municipals |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 74,287 | 87,110
State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 33,528 | 34,898
State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 33,911 | 60,163
Mortgage-backed Securities, U.S. government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 4,236 | 8,470
Mortgage-backed Securities, U.S. government-sponsored enterprises |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 79,437 | 115,709
Common equity securities. |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 341 | 423
Loan held for sale |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 2,161 | 986
Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 1,845 | 944
Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 16,346 | 4,728
Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | (16,935) | (4,680)
Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 22,346 | 24,551
Level 1 | U.S. Treasuries |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 22,005 | 24,128
Level 1 | Common equity securities. |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 341 | 423
Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 228,816 | 308,328
Level 2 | U.S. government-sponsored enterprises state and municipals |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 74,287 | 87,110
Level 2 | State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 33,528 | 34,898
Level 2 | State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 33,911 | 60,163
Level 2 | Mortgage-backed Securities, U.S. government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 4,236 | 8,470
Level 2 | Mortgage-backed Securities, U.S. government-sponsored enterprises |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 79,437 | 115,709
Level 2 | Loan held for sale |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 2,161 | 986
Level 2 | Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 1,845 | 944
Level 2 | Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 16,346 | 4,728
Level 2 | Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | $ (16,935) | $ (4,680)

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_TaxableMunicipalBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_NontaxableMunicipalBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfis_MortgageBackedUsGovernmentAgenciesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfis_LoanHeldForSaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfis_InterestRateFloorOtherAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfis_InterestRateSwapOtherAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pfis_InterestRateSwapOtherLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |