Acquisitions Acquisitions Purchase Price and Fair Value of Assets Acquired and Liabilities Assumed (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table provides the purchase price calculation as of the dates of acquisition for the three bank acquisitions, and the assets acquired and liabilities assumed at their estimated fair values.



(Dollars in thousands, except per share data)	Midwest		Ohio Heritage		North Akron
Purchase Price
Common shares outstanding at merger announcement	192,500		342,458		2,630
Cash purchase price per share	$	32.75	$	16.50	$	1,531.00
Cash consideration	6,304		5,650		4,027
Number of common shares of Peoples issued for each common share of acquired company	1.33		3.99		253.06
Price per Peoples common share, based on merger agreement	$	24.60	$	23.46	$	24.20
Common share consideration	6,305		32,020		16,106
Total purchase price	$	12,609	$	37,670	$	20,133

Net Assets at Fair Value
Assets
Cash and cash equivalents	$	3,562	$	18,231	$	11,028
Investment securities	23,198		28,865		17,597
Loans, including loans held for sale, net of deferred fees and costs	58,716		175,800		111,525
Bank premises and equipment, net	1,446		4,943		1,815
Other intangible assets	976		2,421		1,389
Other assets	1,089		9,330		1,090
Total assets	88,987		239,590		144,444
Liabilities
Deposits	77,945		174,881		108,102
Borrowings	—		42,440		24,209
Accrued expenses and other liabilities	109		2,646		212
Total liabilities	78,054		219,967		132,523
Net assets	$	10,933	$	19,623	$	11,921
Goodwill	$	1,676	$	18,047	$	8,212