XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Fair Value |
Available For Sale Securities Measured At Fair Value On A Recurring Basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2022 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 9,777 |  |  |  | - |  |  |  | 9,777 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 12,142 |  |  |  | - |  |  |  | 12,142 |  |  |  | - |
Mortgage-backed securities |  | $ | 271,899 |  |  |  | - |  |  |  | 271,899 |  |  |  | - |
State and political subdivisions |  | $ | 150,549 |  |  |  | - |  |  |  | 150,549 |  |  |  | - |
Mutual funds held in deferred compensation trust |  | $ | 1,218 |  |  |  | - |  |  |  | 1,218 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 7,889 |  |  |  | - |  |  |  | 7,889 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 14,267 |  |  |  | - |  |  |  | 14,267 |  |  |  | - |
Mortgage-backed securities |  | $ | 217,152 |  |  |  | - |  |  |  | 217,152 |  |  |  | - |
State and political subdivisions |  | $ | 167,241 |  |  |  | - |  |  |  | 167,241 |  |  |  | - |
Mutual funds held in deferred compensation trust |  | $ | 1,510 |  |  |  | - |  |  |  | 1,510 |  |  |  | - |
Summary of Fair Value Measurements Of Investment Securities Available For Sale Using Level 3 Significant Unobservable Inputs |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements September 30, 2022 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 975 |  |  |  | - |  |  |  | - |  |  |  | 975 |
Impaired loans |  | $ | 15,052 |  |  |  | - |  |  |  | - |  |  |  | 15,052 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2021 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 3,637 |  |  |  | - |  |  |  | - |  |  |  | 3,637 |
Impaired loans |  | $ | 17,475 |  |  |  | - |  |  |  | - |  |  |  | 17,475 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value September 30, 2022 |  |  | Fair Value December 31, 2021 |  |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values |
Mortgage loans held for sale |  | $ | 975 |  |  |  | 3,637 |  |  | Rate lock commitment |  |  | N/A |  |  |  | N/A |
Impaired loans |  | $ | 15,052 |  |  |  | 17,475 |  |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  | 0 - 25% |
Summary of Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at September 30, 2022 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 155,461 |  |  |  | 155,461 |  |  |  | - |  |  |  | - |  |  |  | 155,461 |
Investment securities available for sale |  |  | 444,367 |  |  |  | - |  |  |  | 444,367 |  |  |  | - |  |  |  | 444,367 |
Other investments |  |  | 2,762 |  |  |  | - |  |  |  | - |  |  |  | 2,762 |  |  |  | 2,762 |
Mortgage loans held for sale |  |  | 975 |  |  |  | - |  |  |  | - |  |  |  | 975 |  |  |  | 975 |
Loans, net |  |  | 994,877 |  |  |  | - |  |  |  | - |  |  |  | 970,038 |  |  |  | 970,038 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,288 |  |  |  | - |  |  |  | 1,288 |  |  |  | - |  |  |  | 1,288 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,501,091 |  |  |  | - |  |  |  | - |  |  |  | 1,500,613 |  |  |  | 1,500,613 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 37,986 |  |  |  | - |  |  |  | 37,986 |  |  |  | - |  |  |  | 37,986 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2021 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 277,499 |  |  |  | 277,499 |  |  |  | - |  |  |  | - |  |  |  | 277,499 |
Investment securities available for sale |  |  | 406,549 |  |  |  | - |  |  |  | 406,549 |  |  |  | - |  |  |  | 406,549 |
Other investments |  |  | 3,668 |  |  |  | - |  |  |  | - |  |  |  | 3,668 |  |  |  | 3,668 |
Mortgage loans held for sale |  |  | 3,637 |  |  |  | - |  |  |  | - |  |  |  | 3,637 |  |  |  | 3,637 |
Loans, net |  |  | 875,514 |  |  |  | - |  |  |  | - |  |  |  | 855,814 |  |  |  | 855,814 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,510 |  |  |  | - |  |  |  | 1,510 |  |  |  | - |  |  |  | 1,510 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,412,748 |  |  |  | - |  |  |  | - |  |  |  | 1,401,833 |  |  |  | 1,401,833 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 37,094 |  |  |  | - |  |  |  | 37,094 |  |  |  | - |  |  |  | 37,094 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |

X
- References No definition available. + Details
Name: | pebk_SummaryOfFairValueMeasurementsOfInvestmentSecuritiesAvailableForSaleUsingLevel3SignificantUnobservableInputsTableTextBlock
Namespace Prefix: | pebk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: 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_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration