Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

The following table details the progression in Peoples’ common shares and treasury stock during the six months ended June 30, 2015:

	Common Stock		Treasury Stock
Shares at December 31, 2014	15,599,643		590,246
Changes related to stock-based compensation awards:
Grant of restricted common shares	113,561		—
Release of restricted common shares	—		22,131
Cancellation of restricted common shares	(2,397	)
Exercise of stock options for common shares	—		—
Grant of common shares	2,810
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock	—		3,326
Reissuance of treasury stock	—		(8,125	)
Common shares issued under dividend reinvestment plan	8,766		—
Common shares issued under compensation plan for Board of Directors	—		(4,512	)
Common shares issued under employee stock purchase plan	—		(7,021	)
Issuance of common shares related to the acquisition of
NB&T Financial Group, Inc.	3,207,698		—
Shares at June 30, 2015	18,930,081		596,045

On March 6, 2015, Peoples completed its acquisition of NB&T, and issued 3,207,698 common shares reflecting $76.0 million of consideration, with the remainder paid in cash. Additional information regarding the NB&T acquisition can be found in Note 10 - Acquisitions in the Notes to the Unaudited Consolidated Financial Statements included in this Form 10-Q.

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 Peoples' Board of Directors. At June 30, 2015, Peoples had no preferred shares issued or outstanding.

Accumulated Other Comprehensive Income (Loss)

The following table details the change in the components of Peoples’ accumulated other comprehensive income (loss) for the six months ended June 30, 2015:

(Dollars in thousands)	Unrealized Gain on Securities			Unrecognized Net Pension and Postretirement Costs			Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2014	$	2,542		$	(3,843	)	$	(1,301	)
Reclassification adjustments to net income:
Realized gain on sale of securities, net of tax	(397		)	—			(397		)
Realized loss due to settlement and curtailment, net of tax	—			242			242
Other comprehensive income, net of reclassifications and tax	1,487			371			1,858
Balance, June 30, 2015	$	3,632		$	(3,230	)	$	402