v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
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)2026202520262025
Insurance income:
Commission and fees from sale of insurance policies (a)$4,313 $4,450 $8,689 $8,962 
Performance-based commissions (b)18 99 1,222 1,641 
Trust and investment income:
Fiduciary income (a)3,383 3,042 6,459 5,957 
Brokerage income (a)2,603 2,239 5,132 4,385 
Electronic banking income:
Interchange income (b)5,468 5,111 10,371 9,956 
Promotional and usage income (a)1,075 1,161 2,099 2,201 
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)1,928 1,670 3,809 3,313 
Transaction-based fees (b)2,560 2,388 4,946 4,760 
Commercial loan swap fees (b)197 734 507 1,271 
Other non-interest income transaction-based fees (b)499 374 1,173 789 
Total revenue from contracts with customers$22,044 $21,268 $44,407 $43,235 
Timing of revenue recognition:
Services transferred over time$13,302 $12,562 $26,188 $24,818 
Services transferred at a point in time8,742 8,706 18,219 18,417 
Total revenue from contracts with customers$22,044 $21,268 $44,407 $43,235 
(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 to e-banking income and certain insurance income, but payment has not yet been received. 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 e-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 e-banking income.
The following table details the changes in Peoples' contract assets and contract liabilities for the six-month period ended June 30, 2026:
 Contract AssetsContract Liabilities
(Dollars in thousands)
Balance, January 1, 2026$972 $5,848 
     Additional income receivable119 — 
     Additional deferred income— 7,101 
     Receipt of income previously receivable(79)— 
     Recognition of income previously deferred— (7,451)
Balance, June 30, 2026$1,012 $5,498