XML 27 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
6. Fair Value of Financial Instruments (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Investment securities available for sale $ 282,575us-gaap_AvailableForSaleSecurities $ 281,099us-gaap_AvailableForSaleSecurities
Carrying Amount    
Assets:    
Cash and cash equivalents 67,513us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
69,098us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Investment securities available for sale 282,575us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
281,099us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Other investments 3,912us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
4,031us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Mortgage loans held for sale 806us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
1,375us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Loans, net 649,634us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
640,809us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Cash surrender value of life insurance 14,229us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
14,125us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Liabilities:    
Deposits 829,960us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
814,700us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Securities sold under agreements to repurchase 38,702us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
48,430us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
FHLB borrowings 50,000us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
50,000us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Junior subordinated debentures 20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= PEBK_FairValueMeasurementsCarryingValueMember
Level 1    
Assets:    
Cash and cash equivalents 67,513us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
69,098us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Investment securities available for sale 1,473us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
1,378us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Other investments 0us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Mortgage loans held for sale 0us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Loans, net 0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Cash surrender value of life insurance 0us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Liabilities:    
Deposits 0us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Securities sold under agreements to repurchase 0us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
FHLB borrowings 0us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Junior subordinated debentures 0us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel1Member
Level 2    
Assets:    
Cash and cash equivalents 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Investment securities available for sale 280,352us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
278,971us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Other investments 0us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Mortgage loans held for sale 0us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Loans, net 0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Cash surrender value of life insurance 14,229us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
14,125us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Liabilities:    
Deposits 0us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Securities sold under agreements to repurchase 38,702us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
48,430us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
FHLB borrowings 49,593us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
49,598us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Junior subordinated debentures 20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel2Member
Level 3    
Assets:    
Cash and cash equivalents 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Investment securities available for sale 750us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
750us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Other investments 3,912us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
4,031us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Mortgage loans held for sale 806us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
1,375us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Loans, net 653,303us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
644,708us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Cash surrender value of life insurance 0us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Liabilities:    
Deposits 828,245us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
813,288us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Securities sold under agreements to repurchase 0us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
FHLB borrowings 0us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Junior subordinated debentures 0us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_FairValueInputsLevel3Member
Estimated Fair Value    
Assets:    
Cash and cash equivalents 67,513us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
69,098us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Investment securities available for sale 282,575us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
281,099us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Other investments 3,912us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
4,031us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Mortgage loans held for sale 806us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,375us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Loans, net 653,303us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
644,708us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Cash surrender value of life insurance 14,229us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
14,125us-gaap_CashSurrenderValueFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Liabilities:    
Deposits 828,245us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
813,288us-gaap_DepositsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Securities sold under agreements to repurchase 38,702us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
48,430us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
FHLB borrowings 49,593us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
49,598us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Junior subordinated debentures $ 20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
$ 20,619us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember