XML 130 R117.htm IDEA: XBRL DOCUMENT v3.22.4
Parent Company financial statements - Condensed Statements of Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Dividends from subsidiaries $ 2 $ 74 $ 97
Net gain realized on sale of equity securities (31) 2 (6)
Unrealized holding gains (losses) on equity securities 31 (2)  
Expense:      
Interest expense on subordinated debt 1,774 1,774 1,035
Income tax benefit 7,276 9,998 4,821
Net income 38,090 43,519 29,354
Peoples Bank      
Interest income:      
Dividends from subsidiaries 11,325 17,593 10,518
Other income 3 4 8
Net gain realized on sale of equity securities     29
Unrealized holding gains (losses) on equity securities (31) 2 (35)
Total income 11,297 17,599 10,520
Expense:      
Interest expense on subordinated debt 1,774 1,774 1,035
Other expenses 1,188 222 200
Total expenses 2,962 1,996 1,235
Interest expense on subordinated debt 8,335 15,603 9,285
Income tax benefit (624) (410) (255)
Income before undistributed income of subsidiaries 8,959 16,013 9,540
Equity in undistributed net income of subsidiaries 29,131 27,506 19,814
Net income $ 38,090 $ 43,519 $ 29,354