v3.26.1
Deposits
 6 Months Ended
Jun. 30, 2026
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
Peoples’ deposit balances were comprised of the following:
(Dollars in thousands)June 30, 2026December 31, 2025
Retail certificates of deposits ("CDs"):  
$100 or more$1,077,362 $1,143,787 
Less than $100798,694 840,004 
Total Retail CDs1,876,056 1,983,791 
Interest-bearing deposit accounts1,094,873 1,092,252 
Money market deposit accounts995,487 945,313 
Savings accounts915,505 887,402 
Governmental deposit accounts755,024 739,939 
Brokered CDs225,621 416,099 
Total interest-bearing deposits5,862,566 6,064,796 
Non-interest-bearing deposits1,593,799 1,545,428 
Total deposits$7,456,365 $7,610,224 
Uninsured deposits were $2.0 billion at June 30, 2026 and $2.0 billion at December 31, 2025. 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 $595.7 million and $615.6 million of the uninsured deposit balances at June 30, 2026 and at December 31, 2025, respectively.
Uninsured time deposits are broken out below by time remaining until maturity. The amounts presented do not consider the insured portion of the deposits.
(Dollars in thousands)June 30, 2026December 31, 2025
3 months or less$138,864 $152,991 
Over 3 to 6 months127,259 170,299 
Over 6 to 12 months134,165 83,387 
Over 12 months16,650 35,897 
Total$416,938 $442,574 
    
The contractual maturities of CDs for each of the next five years, including the remainder of 2026, and thereafter are as follows:
(Dollars in thousands)RetailBrokeredTotal
Remaining six months ending December 31, 2026$1,164,930 $68,743 $1,233,673 
Year ending December 31, 2027692,446 87,095 779,541 
Year ending December 31, 20289,050 23,950 33,000 
Year ending December 31, 20295,036 45,833 50,869 
Year ending December 31, 20303,370 — 3,370 
Thereafter1,224 — 1,224 
Total CDs$1,876,056 $225,621 $2,101,677 
At June 30, 2026, Peoples had four effective interest rate swaps, with an aggregate notional value of $35.0 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."