Stockholders’ Equity

The following table details the progression in Peoples’ common shares and treasury stock during the three months ended March 31, 2018:



	Common Shares	Treasury Stock
Shares at December 31, 2017	18,952,385	702,449
Changes related to stock-based compensation awards:
Release of restricted common shares	—	28,387
Cancellation of restricted common shares	—	170
Exercise of stock appreciation rights	—	(102	)
Grant of restricted common shares	—	(86,876	)
Grant of common shares	—	(11,112	)
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock	—	1,197
Reissuance of treasury stock	—	(73	)
Common shares issued under dividend reinvestment plan	4,453	—
Common shares issued under compensation plan for Boards of Directors	—	(3,600	)
Shares at March 31, 2018	18,956,838	630,440

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 March 31, 2018, Peoples had no preferred shares issued or outstanding.

On April 13, 2018, Peoples issued 1,152,711 common shares to ASB Financial Corp. ("ASB") shareholders.

Accumulated Other Comprehensive Income (Loss)

The following table details the change in the components of Peoples’ accumulated other comprehensive income (loss) for the three months ended March 31, 2018:



(Dollars in thousands)	Unrealized Loss on Securities			Unrecognized Net Pension and Postretirement Costs			Unrealized Loss on Cash Flow Hedge		Accumulated Other Comprehensive Loss
Balance, December 31, 2017	(2,088		)	(4,256		)	1,129		(5,215		)
Reclassification adjustments to net income:
Realized gain on sale of securities, net of tax	(1		)	—			—		(1		)
Amounts reclassified out of accumulated other comprehensive loss income per ASU 2016-01	(5,020		)	—			—		(5,020		)
Other comprehensive (loss) income, net of reclassifications and tax	(6,935		)	20			1,089		(5,826		)
Balance, March 31, 2018	$	(14,044	)	$	(4,236	)	$	2,218	$	(16,062	)