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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Investment Holdings [Line Items]  
Summary of Available-for-sale Investment Securities
The following table summarizes Peoples' available-for-sale investment securities:
(Dollars in thousands)
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
March 31, 2019
 
 
 
 
Obligations of:
 
 
 
 
States and political subdivisions
$
83,822

$
1,240

$
(235
)
$
84,827

Residential mortgage-backed securities
711,917

4,034

(8,975
)
706,976

Commercial mortgage-backed securities
6,706

—

(57
)
6,649

Bank-issued trust preferred securities
4,196

116

(194
)
4,118

Total available-for-sale securities
$
806,641

$
5,390

$
(9,461
)
$
802,570

December 31, 2018
 
 
 
 
Obligations of:
 
 
 
 
States and political subdivisions
$
88,358

$
787

$
(558
)
$
88,587

Residential mortgage-backed securities
705,289

2,720

(15,401
)
692,608

Commercial mortgage-backed securities
6,812

—

(105
)
6,707

Bank-issued trust preferred securities
4,196

75

(282
)
3,989

Total available-for-sale securities
$
804,655

$
3,582

$
(16,346
)
$
791,891
Schedule of Gross Gains and Losses from Sales of Available-for-sale Securities
The gross gains and gross losses realized by Peoples from sales of available-for-sale securities for the periods ended March 31 were as follows:
 
 
Three Months Ended
 
March 31,
(Dollars in thousands)
2019
2018
Gross gains realized
$
30

$
2

Gross losses realized
—

1

Net gain realized
$
30

$
1
Summary of Available-for-sale Securities with Unrealized Loss
The following table presents a summary of available-for-sale investment securities that had an unrealized loss:
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
Unrealized Loss
No. of Securities
 
Fair
Value
Unrealized Loss
No. of Securities
 
Fair
Value
Unrealized Loss
March 31, 2019
 
 
 
 
 
 
 
 
 
 
Obligations of:
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
—

$
—

—

 
$
11,886

$
235

8

 
$
11,886

$
235

Residential mortgage-backed securities
14,171

93

28

 
476,571

8,882

147

 
490,742

8,975

Commercial mortgage-backed securities
—

—

—

 
6,653

57

3

 
6,653

57

Bank-issued trust preferred securities
—

—

—

 
1,805

194

2

 
1,805

194

Total
$
14,171

$
93

28

 
$
496,915

$
9,368

160

 
$
511,086

$
9,461

December 31, 2018
 
 
 
 
 
 
 
 
 
 
Obligations of:
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
$
10,173

$
18

17

 
$
19,918

$
540

20

 
$
30,091

$
558

Residential mortgage-backed securities
47,562

226

50

 
517,335

15,175

170

 
564,897

15,401

Commercial mortgage-backed securities
—

—

—

 
6,707

105

3

 
6,707

105

Bank-issued trust preferred securities
—

—

—

 
1,718

282

2

 
1,718

282

Total
$
57,735

$
244

67

 
$
545,678

$
16,102

195

 
$
603,413

$
16,346
Summary of Held-to-maturity Investment Securities
The following table summarizes Peoples’ held-to-maturity investment securities:
(Dollars in thousands)
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
March 31, 2019
 
 
 
 
Obligations of:
 
 
 
 
States and political subdivisions
$
4,401

$
564

$
—

$
4,965

Residential mortgage-backed securities
28,348

340

(412
)
28,276

Commercial mortgage-backed securities
2,857

—

(32
)
2,825

Total held-to-maturity securities
$
35,606

$
904

$
(444
)
$
36,066

December 31, 2018
 
 
 
 
Obligations of:
 
 
 
 
States and political subdivisions
$
4,403

$
493

$
—

$
4,896

Residential mortgage-backed securities
29,044

191

(632
)
28,603

Commercial mortgage-backed securities
3,514

—

(50
)
3,464

Total held-to-maturity securities
$
36,961

$
684

$
(682
)
$
36,963
Cost-method Investments, Description [Text Block]
The following table summarizes the carrying value of Peoples' other investment securities:
(Dollars in thousands)
March 31, 2019
December 31, 2018
FHLB stock
$
27,586

$
29,367

FRB stock
12,294

12,294

Nonqualified deferred compensation
1,210

987

Equity investment securities
299

277

UBB stock
60

60

Total other investment securities
$
41,449

$
42,985
Available-for-sale securities  
Investment Holdings [Line Items]  
Summary of Investment Securities by Contractual Maturity
The table below presents the amortized cost, fair value and total weighted-average yield of available-for-sale securities by contractual maturity at March 31, 2019.  The weighted-average yields are based on the amortized cost.  In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.  
 
(Dollars in thousands)
Within 1 Year
1 to 5 Years
5 to 10 Years
Over 10 Years
Total
Amortized cost
 
 
 
 
 
Obligations of:
 
 
 
 
 
States and political subdivisions
$
889

$
15,450

$
23,997

$
43,486

$
83,822

Residential mortgage-backed securities
2

11,925

62,267

637,723

711,917

Commercial mortgage-backed securities
—

5,625

—

1,081

6,706

Bank-issued trust preferred securities
—

—

4,196

—

4,196

Total available-for-sale securities
$
891

$
33,000

$
90,460

$
682,290

$
806,641

Fair value
 
 
 
 
 
Obligations of:
 
 
 
 
 
States and political subdivisions
$
887

$
15,504

$
24,388

$
44,048

$
84,827

Residential mortgage-backed securities
2

11,865

61,313

633,796

706,976

Commercial mortgage-backed securities
—

5,588

—

1,061

6,649

Bank-issued trust preferred securities
—

—

4,118

—

4,118

Total available-for-sale securities
$
889

$
32,957

$
89,819

$
678,905

$
802,570

Total weighted-average yield
2.26
%
2.53
%
2.75
%
3.00
%
2.95
%
Held-to-maturity securities  
Investment Holdings [Line Items]  
Summary of Held-to-maturity Securities with Unrealized Loss
The following table presents a summary of held-to-maturity investment securities that had an unrealized loss:
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
Unrealized Loss
No. of Securities
 
Fair
Value
Unrealized Loss
No. of Securities
 
Fair
Value
Unrealized Loss
March 31, 2019
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities
$
—

$
—

—

 
$
11,925

$
412

4

 
$
11,925

$
412

Commercial mortgage-backed securities
—

—

—

 
2,825

32

1

 
2,825

32

Total
$
—

$
—

—

 
$
14,750

$
444

5

 
$
14,750

$
444

December 31, 2018
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities
$
—

$
—

—

 
$
13,102

$
632

5

 
$
13,102

$
632

Commercial mortgage-backed securities
—

—

—

 
3,464

50

1

 
3,464

50

Total
$
—

$
—

—

 
$
16,566

$
682

6

 
$
16,566

$
682
Summary of Investment Securities by Contractual Maturity
The table below presents the amortized cost, fair value and total weighted-average yield of held-to-maturity securities by contractual maturity at March 31, 2019.  The weighted-average yields are based on the amortized cost.  In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date. 
 
(Dollars in thousands)
Within 1 Year
1 to 5 Years
5 to 10 Years
Over 10 Years
Total
Amortized cost
 
 
 
 
 
Obligations of:
 
 
 
 
 
States and political subdivisions
$
—

$
306

$
2,983

$
1,112

$
4,401

Residential mortgage-backed securities
—

416

7,992

19,940

28,348

Commercial mortgage-backed securities
—

—

—

2,857

2,857

Total held-to-maturity securities
$
—

$
722

$
10,975

$
23,909

$
35,606

Fair value
 
 
 
 
 
Obligations of:
 
 
 
 
 
States and political subdivisions
$
—

$
308

$
3,538

$
1,119

$
4,965

Residential mortgage-backed securities
—

414

8,232

19,630

28,276

Commercial mortgage-backed securities
—

—

—

2,825

2,825

Total held-to-maturity securities
$
—

$
722

$
11,770

$
23,574

$
36,066

Total weighted-average yield
—
%
2.43
%
2.90
%
2.78
%
2.81
%