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Stockholders' Equity
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity 
The following table details the progression in Peoples’ common shares and treasury stock during the nine months ended September 30, 2016:
 
 
Common Shares
Treasury
Stock
Shares at December 31, 2015
18,931,200

586,686

Changes related to stock-based compensation awards:
 
 
Release of restricted common shares
—

13,892

Cancellation of restricted common shares
(10,654
)
1,000

Grant of restricted common shares
—

(56,000
)
Grant of common shares
—

(350
)
Changes related to deferred compensation plan for Boards of Directors:
 
 
Purchase of treasury stock
—

6,291

Reissuance of treasury stock
—

(12,012
)
Common shares repurchased under share repurchase program
—

279,770

Common shares issued under dividend reinvestment plan
15,668

—

Common shares issued under compensation plan for Boards of Directors
—

(11,450
)
Common shares issued under employee stock purchase plan
—

(12,970
)
Shares at September 30, 2016
18,936,214

794,857


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 September 30, 2016, 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 nine months ended September 30, 2016:
(Dollars in thousands)
Unrealized Gain on Securities
Unrecognized Net Pension and Postretirement Costs
Unrealized Loss on Cash Flow Hedge
Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2015
$
2,869

$
(3,228
)
$
—

$
(359
)
Reclassification adjustments to net income:
 
 
 


  Realized gain on sale of securities, net of tax
(560
)
—

—

(560
)
Other comprehensive income (loss), net of reclassifications and tax
9,542

44

(120
)
9,466

Balance, September 30, 2016
$
11,851

$
(3,184
)
$
(120
)
$
8,547