XML 63 R54.htm IDEA: XBRL DOCUMENT
v3.23.1

Fair value estimates - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring Basis - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | $ 418,206 | $ 477,813
U.S. Treasury securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 181,564 | 180,297
U.S. Government-sponsored enterprises state and municipals |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 16,431 | 16,370
State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 57,204 | 55,358
State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 68,574 | 88,407
Corporate debt securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 3,611 | 3,626
Residential mortgage-backed securities, U.S. government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 908 | 942
Residential mortgage-backed securities, U.S. government-sponsored enterprises |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 89,833 | 132,703
Common equity securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 81 | 110
Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 1 | 1
Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 18,485 | 21,794
Interest rate floor-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | (1,980) |
Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | (17,914) | (21,466)
Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 181,645 | 180,407
Level 1 | U.S. Treasury securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 181,564 | 180,297
Level 1 | Common equity securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 81 | 110
Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 236,561 | 297,406
Level 2 | U.S. Government-sponsored enterprises state and municipals |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 16,431 | 16,370
Level 2 | State and Municipals, Taxable |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 57,204 | 55,358
Level 2 | State and Municipals, Tax-exempt |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 68,574 | 88,407
Level 2 | Corporate debt securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 3,611 | 3,626
Level 2 | Residential mortgage-backed securities, U.S. government agencies |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 908 | 942
Level 2 | Residential mortgage-backed securities, U.S. government-sponsored enterprises |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 89,833 | 132,703
Level 2 | Interest rate floor - other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 1 | 1
Level 2 | Interest rate swap-other assets |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Assets measured at fair value | 18,485 | 21,794
Level 2 | Interest rate floor-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | (1,980) |
Level 2 | Interest rate swap-other liabilities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Liabilities measured at fair value | $ (17,914) | $ (21,466)

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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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_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_InterestRateFloorOtherLiabilitiesMember
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: |