| Summary of Revenue |
The following table details Peoples' revenue from contracts with customers: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | (Dollars in thousands) | 2025 | 2024 | | 2025 | 2024 | | 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 time | 3,595 | | 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. |
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| Summary of Contract Assets and Liabilities |
The following table details the changes in Peoples' contract assets and contract liabilities for the six-month period ended June 30, 2025: | | | | | | | | | | | Contract Assets | Contract Liabilities | | (Dollars in thousands) | | Balance, January 1, 2025 | $ | 899 | | $ | 5,771 | | | Additional income receivable | 84 | | — | | | Additional deferred income | — | | 11 | | | Receipt of income previously receivable | (15) | | — | | | Recognition of income previously deferred | — | | (214) | | | Balance, June 30, 2025 | $ | 968 | | $ | 5,568 | |
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