| Summary of 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. |
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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 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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