Stockholders’ Equity

The following table details the progression in Peoples’ common shares and treasury stock during the three months ended March 31, 2019:



	Common Stock	Treasury Stock
Shares at December 31, 2018	20,124,378	601,289
Changes related to stock-based compensation awards:
Release of restricted common shares	—	11,869
Cancellation of restricted common shares	—	391
Grant of restricted common shares	—	(118,200	)
Grant of common shares	—	(3,200	)
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock	—	2,130
Disbursed out of treasury stock	—	(74	)
Common shares issued under dividend reinvestment plan	5,698	—
Common shares issued under compensation plan for Boards of Directors	—	(1,826	)
Common shares issued under employee stock purchase plan	—	1
Shares at March 31, 2019	20,130,076	492,380

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, 2019, Peoples had no preferred shares issued or outstanding.

The following table details the cash dividends declared per common share during 2019 and the comparable period of 2018:



	2019		2018
First quarter	$	0.30	$	0.26
Second quarter	0.34		0.28
Total dividends declared	$	0.64	$	0.54

Accumulated Other Comprehensive Loss

The following table details the change in the components of Peoples’ accumulated other comprehensive loss for the three months ended March 31, 2019:



(Dollars in thousands)	Unrealized Loss on Securities			Unrecognized Net Pension and Postretirement Costs			Unrealized Gain (Loss) on Cash Flow Hedge			Accumulated Other Comprehensive Loss
Balance, December 31, 2018	$	(10,082	)	$	(3,711	)	$	860		$	(12,933	)
Reclassification adjustments to net income:
Realized gain on sale of securities, net of tax	(24		)	—			—			(24		)
Other comprehensive income (loss), net of reclassifications and tax	6,893			15			(1,448		)	5,460
Balance, March 31, 2019	$	(3,213	)	$	(3,696	)	$	(588	)	$	(7,497	)