Acquisitions (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2019

Sep. 30, 2019

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(Dollars in thousands, except per share data)
Consideration
Common shares	80,362
Number of common shares of Peoples issued for each common share of acquired company	12.512
Price per Peoples common share, based on closing date	$	32.26
Common share consideration	$	32,437
Net Assets at Fair Value
Assets
Cash and due from banks	$	5,016
Interest-bearing deposits in other banks	2,797
Total cash and cash equivalents	7,813
Available-for-sale investment securities	136,596
Other investment securities	3,077
Total investment securities	139,673
Loans	129,365
Bank premises and equipment, net of accumulated depreciation	7,597
Other intangible assets	4,234
Other assets	2,207
Total assets	$	290,889
Liabilities
Deposits:
Non-interest-bearing	$	40,089
Interest-bearing	217,151
Total deposits	257,240
Short-term borrowings	14,400
Accrued expenses and other liabilities	2,061
Total liabilities	$	273,701
Net assets	$	17,188
Goodwill	$	15,249

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

Changes in the accretable yield for purchased credit impaired loans for the nine months ended September 30 were as follows:

(Dollars in thousands)	September 30, 2019			September 30, 2018
Balance, beginning of period	$	8,955		$	6,704
Reclassification from nonaccretable to accretable	199			2,019
Additions:
ASB Financial Corp.	—			2,047
First Prestonsburg Bancshares Inc.	3,860			—
Accretion	(1,763		)	(1,392		)
Balance, September 30	$	11,251		$	9,378

The following table details the fair value adjustment for acquired loans as of the acquisition date:

(Dollars in thousands)	First Prestonsburg
Non-impaired Loans
Contractual cash flows	$	168,729
Nonaccretable difference	19,745
Expected cash flows	148,984
Accretable yield	28,269
Fair value	$	120,715
Credit Impaired Loans
Contractual cash flows	$	17,847
Nonaccretable difference	5,337
Expected cash flows	12,510
Accretable yield	3,860
Fair value	$	8,650

FIRST PRESTONSBURG BANCSHARES INC. [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The below table reflects the changes in the estimated fair value at September 30, 2019 from balances reported at June 30, 2019:

(Dollars in thousands)	Change in Fair Value
Net Assets
Cash and cash equivalents	$	17
Total investment securities	(1,053		)
Loans	(1,042		)
Bank premises and equipment, net of accumulated depreciation	(658		)
Other assets	(470		)
Accrued expenses and other liabilities	(4		)
Change in Goodwill	(3,202		)