| 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) | 2026 | 2025 | | 2026 | 2025 | | 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 time | 8,742 | | 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. |
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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, 2026: | | | | | | | | | | | Contract Assets | Contract Liabilities | | (Dollars in thousands) | | Balance, January 1, 2026 | $ | 972 | | $ | 5,848 | | | Additional income receivable | 119 | | — | | | 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 | |
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