Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Assets measured on recurring basis

Assets measured at fair value on a recurring basis comprised the following at December 31:  

			Fair Value Measurements at Reporting Date Using
(Dollars in thousands)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Fair Value
2015
Obligations of:
U.S. Treasury and government agencies	$	—	$	—	$	—	$	—
U.S. government sponsored agencies	2,966		—		2,966		—
States and political subdivisions	114,726		—		114,726		—
Residential mortgage-backed securities	632,293		—		632,293		—
Commercial mortgage-backed securities	23,845		—		23,845		—
Bank-issued trust preferred securities	4,635		—		4,635		—
Equity securities	6,236		6,024		212		—
Total available-for-sale securities	$	784,701	$	6,024	$	778,677	$	—
2014
Obligations of:
U.S. Treasury and government agencies	$	1	$	—	$	1	$	—
U.S. government sponsored agencies	5,950		—		5,950		—
States and political subdivisions	64,743		—		64,743		—
Residential mortgage-backed securities	527,291		—		527,291		—
Commercial mortgage-backed securities	27,847		—		27,847		—
Bank-issued trust preferred securities	5,645		—		5,645		—
Equity securities	5,403		5,204		199		—
Total available-for-sale securities	$	636,880	$	5,204	$	631,676	$	—

Held-to-maturity securities reported at fair value comprised the following at December 31:

			Fair Value at Reporting Date Using
(Dollars in thousands)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Fair Value
2015
Obligations of:
States and political subdivisions	$	4,221	$	—	$	4,221	$	—
Residential mortgage-backed securities	35,196		—		35,196		—
Commercial mortgage-backed securities	6,436		—		6,436		—
Total held-to-maturity securities	$	45,853	$	—	$	45,853	$	—
2014
Obligations of:
States and political subdivisions	$	4,282	$	—	$	4,282	$	—
Residential mortgage-backed securities	36,740		—		36,740		—
Commercial mortgage-backed securities	7,420		—		7,420		—
Total held-to-maturity securities	$	48,442	$	—	$	48,442	$	—

Fair Values of Financial Assets and Liabilities on Balance Sheets

The following table presents the fair values of financial assets and liabilities carried on Peoples’ Consolidated Balance Sheets, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis at December 31:

	2015				2014
(Dollars in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	71,115	$	71,115	$	61,454	$	61,454
Investment securities	868,830		868,955		713,659		713,633
Loans	2,057,614		2,018,482		1,607,391		1,581,813
Financial liabilities:
Deposits	$	2,535,944	$	2,540,131	$	1,933,074	$	1,938,021
Short-term borrowings	160,386		160,386		88,277		88,277
Long-term borrowings	113,670		117,299		179,083		183,878