Stockholders' Equity

12 Months Ended

Dec. 31, 2012

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity [Text Block]

Stockholders’ Equity

The following table details the progression in shares of Peoples’ preferred, common and treasury stock during the years ended December 31:

	Preferred Stock		Common Stock	Treasury Stock
Shares at December 31, 2009	39,000		11,031,892	657,255
Changes related to stock-based compensation awards:
Release of restricted common shares			7,202
Exercise of common stock options				(31,008	)
Changes related to deferred compensation plan:
Purchase of treasury stock				11,855
Reissuance of treasury stock				(25,407	)
Common shares issued under dividend reinvestment plan			30,928
Shares at December 31, 2010	39,000		11,070,022	612,695
Changes related to stock-based compensation awards:
Release of restricted common shares			21,510	5,443
Changes related to deferred compensation plan:
Purchase of treasury stock				8,623
Reissuance of treasury stock				(9,209	)
Repurchase of preferred shares	(39,000	)
Common shares issued under dividend reinvestment plan			24,770
Common shares issued under Board of Directors' compensation plan			5,945	(2,429	)
Shares at December 31, 2011	—		11,122,247	615,123
Changes related to stock-based compensation awards:
Release of restricted common shares			14,552	4,270
Changes related to deferred compensation plan:
Purchase of treasury stock				3,918
Reissuance of treasury stock				(8,897	)
Common shares issued under dividend reinvestment plan			18,849
Common shares issued under Board of Directors' compensation plan			—	(6,726	)
Shares at December 31, 2012	—		11,155,648	607,688

Under its Amended Articles of Incorporation, Peoples is authorized to issue up to 50,000 preferred shares, in one or more series, having such voting powers, designations, preferences, rights, qualifications, limitations and restrictions as determined by the Board of Directors.  In 2009, Peoples’ Board of Directors created a series of preferred shares designated as Peoples’ Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value and having a liquidation preference of $1,000 per share, and fixed 39,000 shares as the authorized number of such shares (the “Series A Preferred Shares”).  These Series A Preferred Shares subsequently were sold to the United States Department of the Treasury (the “U.S. Treasury”), along with a ten-year warrant (the “Warrant”) to purchase 313,505 Peoples common shares at an exercise price of $18.66 per share (subject to certain anti-dilution and other adjustments), for an aggregate purchase price of $39 million in cash in connection with Peoples’ participation in the U.S. Treasury’s TARP Capital Purchase Program. The entire 39,000 Series A Preferred Shares were repurchased during 2011 at an aggregate price of $39 million.

On February 15, 2012, Peoples completed the repurchase of the Warrant for a purchase price of $1,200,724.

Accumulated Other Comprehensive Income (Loss)

The following details the change in the components of Peoples’ accumulated other comprehensive income (loss) for the years ended December 31:

(Dollars in thousands)	Unrealized Gain (Loss) on Securities			Unrecognized Net Pension and Postretirement Costs			Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2009	$	13,068		$	(3,581	)	$	9,487
Current period change, net of tax	(15,106		)	1,166			(13,940		)
Balance, December 31, 2010	$	(2,038	)	$	(2,415	)	$	(4,453	)
Current period change, net of tax	9,477			(3,612		)	5,865
Balance, December 31, 2011	$	7,439		$	(6,027	)	$	1,412
Current period change, net of tax	(547		)	(211		)	(758		)
Balance, December 31, 2012	$	6,892		$	(6,238	)	$	654