| Revenue |
Revenue The following table details Peoples' revenue from contracts with customers: | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, | | September 30, | | (Dollars in thousands) | 2026 | 2025 | | 2026 | 2025 | | Insurance income: | | | | | | | Commission and fees from sale of insurance policies (a) | $ | 4,222 | | $ | 4,384 | | | $ | 12,911 | | $ | 13,346 | | | | | | | | | Performance-based commissions (b) | — | | 85 | | | 1,222 | | 1,726 | | | Trust and investment income: | | | | | | | Fiduciary income (a) | 3,397 | | 2,974 | | | 9,856 | | 8,931 | | | Brokerage income (a) | 2,779 | | 2,440 | | | 7,911 | | 6,825 | | | Electronic banking income: | | | | | | | Interchange income (b) | 5,520 | | 5,392 | | | 15,891 | | 15,348 | | | Promotional and usage income (a) | 1,129 | | 1,146 | | | 3,228 | | 3,347 | | | Deposit account service charges: | | | | | | | Ongoing maintenance fees for deposit accounts (a) | 1,890 | | 1,747 | | | 5,699 | | 5,061 | | | Transaction-based fees (b) | 2,789 | | 2,527 | | | 7,735 | | 7,287 | | | Commercial loan swap fees (b) | 405 | | 381 | | | 912 | | 1,652 | | | Other non-interest income transaction-based fees (b) | 531 | | 452 | | | 1,704 | | 1,241 | | | Total revenue from contracts with customers | $ | 22,662 | | $ | 21,528 | | | $ | 67,069 | | $ | 64,764 | | | Timing of revenue recognition: | | | | | | | Services transferred over time | $ | 13,417 | | $ | 12,691 | | | $ | 39,605 | | $ | 37,510 | | | Services transferred at a point in time | 9,245 | | 8,837 | | | 27,464 | | 27,254 | | | Total revenue from contracts with customers | $ | 22,662 | | $ | 21,528 | | | $ | 67,069 | | $ | 64,764 | | (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 nine-month period ended September 30, 2026: | | | | | | | | | | Contract Assets | Contract Liabilities | | (Dollars in thousands) | | Balance, January 1, 2026 | $ | 972 | | $ | 5,848 | | | Additional income receivable | 157 | | — | | | Additional deferred income | — | | 10,995 | | | Receipt of income previously receivable | (119) | | — | | | Recognition of income previously deferred | — | | (11,065) | | | Balance, September 30, 2026 | $ | 1,010 | | $ | 5,778 | |
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