v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table details Peoples' revenue from contracts with customers:
 Three Months Ended
March 31,
(Dollars in thousands)20262025
Insurance income:
Commission and fees from sale of insurance policies (a)$4,376 $4,512 
Performance-based commissions (b)1,204 1,542 
Trust and investment income:
Fiduciary income (a)3,076 2,915 
Brokerage income (a)2,529 2,146 
Electronic banking income:
Interchange income (b)4,903 4,845 
Promotional and usage income (a)1,024 1,040 
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)1,881 1,643 
Transaction-based fees (b)2,386 2,372 
Commercial loan swap fees (b)310 537 
Other non-interest income transaction-based fees (b)674 415 
Total revenue from contracts with customers$22,363 $21,967 
Timing of revenue recognition:
Services transferred over time$12,886 $12,256 
Services transferred at a point in time9,477 9,711 
Total revenue from contracts with customers$22,363 $21,967 
(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. These contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled.
The following table details the changes in Peoples' contract assets and contract liabilities for the three-month period ended March 31, 2026:
 Contract AssetsContract Liabilities
(Dollars in thousands)
Balance, January 1, 2026$972 $5,848 
     Additional income receivable1 — 
     Additional deferred income— 3,062 
     Recognition of income previously deferred— (3,728)
Balance, March 31, 2026$973 $5,182