v3.26.1
Deposits
 3 Months Ended
Mar. 31, 2026
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
Peoples’ deposit balances were comprised of the following:
(Dollars in thousands)March 31, 2026December 31, 2025
Retail certificates of deposits ("CDs"):  
$100 or more$1,134,842 $1,143,787 
Less than $100833,599 840,004 
Total Retail CDs1,968,441 1,983,791 
Interest-bearing deposit accounts1,111,875 1,092,252 
Savings accounts918,557 887,402 
Money market deposit accounts958,413 945,313 
Governmental deposit accounts842,087 739,939 
Brokered CDs262,550 416,099 
Total interest-bearing deposits6,061,923 6,064,796 
Non-interest-bearing deposits1,586,514 1,545,428 
Total deposits$7,648,437 $7,610,224 
Uninsured deposits were $2.1 billion at March 31, 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 $678.1 million and $615.6 million of the uninsured deposit balances at March 31, 2026 and at December 31, 2025, respectively.
Uninsured time deposits are broken out below by time remaining until maturity.
(Dollars in thousands)March 31, 2026December 31, 2025
3 months or less$204,079 $152,991 
Over 3 to 6 months111,087 170,299 
Over 6 to 12 months99,707 83,387 
Over 12 months23,980 35,897 
Total$438,853 $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 nine months ending December 31, 2026$1,597,701 $105,498 $1,703,199 
Year ending December 31, 2027353,572 87,275 440,847 
Year ending December 31, 20288,363 23,944 32,307 
Year ending December 31, 20294,897 45,833 50,730 
Year ending December 31, 20303,409 — 3,409 
Thereafter499 — 499 
Total CDs$1,968,441 $262,550 $2,230,991 
At March 31, 2026, Peoples had five effective interest rate swaps, with an aggregate notional value of $45.0 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."