v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table details Peoples' revenue from contracts with customers:
 Three Months EndedSix Months Ended
June 30,June 30,
(Dollars in thousands)2025202420252024
Insurance income:
Commission and fees from sale of insurance policies (a)$4,450 $4,104 $8,962 $8,389 
Performance-based commissions (b)99 5 1,641 2,218 
Trust and investment income:
Fiduciary income (a)3,042 3,010 5,957 5,767 
Brokerage income (a)2,239 1,989 4,385 3,831 
Electronic banking income:
Interchange income (a)5,111 5,309 9,956 10,229 
Promotional and usage income (a)1,161 1,161 2,201 2,287 
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)1,670 1,716 3,313 3,434 
Transaction-based fees (b)2,388 2,623 4,760 5,128 
Commercial loan swap fees (b)734 59 1,271 111 
Other non-interest income transaction-based fees (b)374 589 789 1,093 
Total revenue from contracts with customers$21,268 $20,565 $43,235 $42,487 
Timing of revenue recognition:
Services transferred over time$17,673 $17,289 $34,774 $33,937 
Services transferred at a point in time3,595 3,276 8,461 8,550 
Total revenue from contracts with customers$21,268 $20,565 $43,235 $42,487 
(a) Services transferred over time.
(b) Services transferred at a point in time.
Peoples records contract assets for income that has been recognized over a period of time for fulfillment of performance obligations, but payment has not yet been received related to electronic banking income and certain insurance income. This income typically relates to bonuses for which Peoples is eligible, but will not receive until a certain time in the future. Peoples records contract liabilities for payments received for commission income related to the sale of insurance policies, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled, which is over the insurance policy period. Peoples also records contract liabilities for bonuses received related to electronic banking income, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled related to electronic banking income.
The following table details the changes in Peoples' contract assets and contract liabilities for the six-month period ended June 30, 2025:
 Contract AssetsContract Liabilities
(Dollars in thousands)
Balance, January 1, 2025$899 $5,771 
     Additional income receivable84 — 
     Additional deferred income— 11 
     Receipt of income previously receivable(15)— 
     Recognition of income previously deferred— (214)
Balance, June 30, 2025$968 $5,568