Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Restricted Shares Activity

The following table summarizes the changes to Peoples’ restricted common shares for the nine months ended September 30, 2019:

	Time-Based Vesting			Performance-Based Vesting
	Number of Common Shares	Weighted-Average Grant Date Fair Value		Number of Common Shares	Weighted-Average Grant Date Fair Value
Outstanding at January 1	43,679	$	29.64	175,772	$	31.08
Awarded	16,153	31.35		117,773	32.20
Released	22,750	24.70		33,400	17.86
Forfeited	4,852	35.87		5,388	33.17
Outstanding at September 30	32,230	$	33.05	254,757	$	33.29

Summary of Stock-Based Compensation and Related Tax Benefit

The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2019			2018			2019			2018
Total stock-based compensation expense	$	950		$	579		$	3,088		$	2,089
Recognized tax benefit	(199		)	(122		)	(648		)	(439		)
Net expense recognized	$	751		$	457		$	2,440		$	1,650