XML 62 R53.htm IDEA: XBRL DOCUMENT
v3.22.1

Fair value estimates - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring Basis - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | $ 535,626 | $ 517,461
U.S. Treasury securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 237,672 | 191,574
U.S. Government-sponsored enterprises state and municipals |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 28,021 | 33,778
State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 63,112 | 68,978
State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 93,467 | 98,250
Corporate Debt Securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 2,824 | 2,918
Mortgage-backed Securities, U.S. Government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 1,571 | 1,843
Mortgage-backed Securities, U.S. Government-sponsored enterprises |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 108,815 | 119,980
Equity Securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 144 | 140
Loan held for sale |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 161 | 408
Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 333 | 844
Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 10,720 | 9,026
Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | (10,265) | (8,811)
Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 237,816 | 191,714
Level 1 | U.S. Treasury securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 237,672 | 191,574
Level 1 | Equity Securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 144 | 140
Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 297,810 | 325,747
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 | 28,021 | 33,778
Level 2 | State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 63,112 | 68,978
Level 2 | State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 93,467 | 98,250
Level 2 | Corporate Debt Securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 2,824 | 2,918
Level 2 | Mortgage-backed Securities, U.S. Government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 1,571 | 1,843
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 | 108,815 | 119,980
Level 2 | Loan held for sale |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 161 | 408
Level 2 | Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 333 | 844
Level 2 | Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets, Fair Value Estimate | 10,720 | 9,026
Level 2 | Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | $ (10,265) | $ (8,811)

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=123874694&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=123874694&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=us-gaap_CorporateDebtSecuritiesMember
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: |