v3.25.2
Deposits
 6 Months Ended
Jun. 30, 2025
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
Peoples’ deposit balances were comprised of the following:
(Dollars in thousands)June 30, 2025December 31, 2024
Retail certificates of deposits ("CDs"):  
$100 or more$1,150,434 $1,092,261 
Less than $100854,888 829,154 
Total Retail CDs2,005,322 1,921,415 
Interest-bearing deposit accounts1,058,910 1,085,152 
Savings accounts889,872 866,959 
Money market deposit accounts927,543 878,254 
Governmental deposit accounts781,949 775,782 
Brokered CDs442,788 554,982 
Total interest-bearing deposits6,106,384 6,082,544 
Non-interest-bearing deposits1,530,824 1,507,661 
Total deposits$7,637,208 $7,590,205 
Uninsured deposits were $2.0 billion at June 30, 2025 and at December 31, 2024. Uninsured deposit amounts are estimated based on the portion of the respective customer account balances that exceeded the FDIC limit of $250,000. Peoples pledges investment securities against certain governmental deposit accounts, which covered over $641.1 million and $656.9 million of the uninsured deposit balances at June 30, 2025 and at December 31, 2024, respectively.
Uninsured time deposits are broken out below by time remaining until maturity.
(Dollars in thousands)June 30, 2025December 31, 2024
3 months or less$129,425 $180,405 
Over 3 to 6 months146,293 127,329 
Over 6 to 12 months151,721 91,197 
Over 12 months21,930 18,044 
Total$449,369 $416,975 
    
The contractual maturities of CDs for each of the next five years, including the remainder of 2025, and thereafter are as follows:
(Dollars in thousands)RetailBrokeredTotal
Remaining six months ending December 31, 2025$1,254,611 $276,589 $1,531,200 
Year ending December 31, 2026712,691 16,391 729,082 
Year ending December 31, 202723,144 82,449 105,593 
Year ending December 31, 20287,074 21,526 28,600 
Year ending December 31, 20295,331 45,833 51,164 
Thereafter2,471 — 2,471 
Total CDs$2,005,322 $442,788 $2,448,110 
At June 30, 2025, Peoples had six effective interest rate swaps, with an aggregate notional value of $55.0 million, all of which hedge interest payments on brokered CDs. The brokered CDs are expected to be extended every 90 days through the maturity dates of the swaps. Additional information regarding Peoples' interest rate swaps can be found in "Note 10 Derivative Financial Instruments."