XML 29 R20.htm IDEA: XBRL DOCUMENT v3.23.1

Fair Value (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value

Schdule of Measured At Fair Value On A Recurring Basis

(Dollars in thousands)
		March 31, 2023
		Fair Value				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
U.S. Treasuries		$	10,008				-				10,008				-
U.S. Government sponsored enterprises			11,304				-				11,304				-
Mortgage-backed securities			273,820				-				273,820				-
State and political subdivisions			104,016				-				104,016				-
Mutual funds held in deferred compensation trust			1,787				-				1,787

(Dollars in thousands)
		December 31, 2022
		Fair Value				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
U.S. Treasuries		$	9,814				-				9,814				-
U.S. Government sponsored enterprises			11,539				-				11,539				-
Mortgage-backed securities			273,838				-				273,838				-
State and political subdivisions			150,203				-				150,203				-
Mutual funds held in deferred compensation trust			1,327				-				1,327

Summary of Fair Value Measurements Of Mortgage loans held for sale

(Dollars in thousands)
		Fair Value Measurements March 31, 2023				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	417				-				-				417
Individually evaluated loans			-				-				-				-

(Dollars in thousands)
		Fair Value Measurements December 31, 2022				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	211				-				-				211
Impaired loans			14,694				-				-				14,694

(Dollars in thousands)

Fair Value March 31, 2023

Fair Value December 31, 2022

Valuation Technique

Significant Unobservable Inputs

General Range of Significant Unobservable Input Values

Mortgage loans held for sale

$

417

211

Rate lock commitment

N/A

N/A

Individually evaluated loans

-

14,694

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 March 31, 2023
		Carrying Amount				Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents		$	83,021				83,021				-				-				83,021
Investment securities available for sale			399,148				-				399,148				-				399,148
Other investments			2,628				-				-				2,628				2,628
Mortgage loans held for sale			417				-				-				417				417
Loans, net			1,041,254				-				-				1,021,007				1,021,007
Mutual funds held in deferred compensation trust			1,787				-				1,787				-				1,787
Liabilities:
Deposits		$	1,413,441				-				-				1,415,287				1,415,287
Securities sold under agreements to repurchase			39,535				-				39,535				-				39,535
Junior subordinated debentures			15,464				-				15,464				-				15,464

(Dollars in thousands)
						Fair Value Measurements at December 31, 2022
		Carrying Amount				Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents		$	71,596				71,596				-				-				71,596
Investment securities available for sale			445,394				-				445,394				-				445,394
Other investments			2,656				-				-				2,656				2,656
Mortgage loans held for sale			211				-				-				211				211
Loans, net			1,022,114				-				-				998,587				998,587
Mutual funds held in deferred compensation trust			1,327				-				1,327				-				1,327
Liabilities:
Deposits		$	1,435,215				-				-				1,434,871				1,434,871
Securities sold under agreements to repurchase			47,688				-				47,688				-				47,688
Junior subordinated debentures			15,464				-				15,464				-				15,464

X

- References

No definition available.

+ Details

Name:	pebk_SummaryOfFairValueMeasurementsOfMortgageLoansHeldForSaleTableTextBlock
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