Revenue (Notes)

12 Months Ended

Dec. 31, 2019

Revenue Recognition and Deferred Revenue [Abstract]

Deferred Revenue Disclosure [Text Block]

Revenue

The following table details Peoples' revenue from contracts with customers for the year ended December 31:

(Dollars in thousands)	2019		2018
Insurance income:
Commission and fees from sale of insurance policies (a)	$	12,670	$	12,787
Fees related to third-party administration services (a)	602		573
Performance-based commissions (b)	1,530		1,452
Trust and investment income (a)	13,159		12,543
Electronic banking income:
Interchange income (a)	10,797		9,721
Promotional and usage income (a)	2,883		1,756
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	3,832		2,718
Transactional-based fees (b)	7,868		7,060
Commercial loan swap fees (b)	2,228		681
Other non-interest income transactional-based fees (b)	716		961
Total	$	56,285	$	50,252
Timing of revenue recognition:
Services transferred over time	$	43,943	$	40,098
Services transferred at a point in time	12,342		10,154
Total	$	56,285	$	50,252

(a) Services transferred over time.

(b) Services transferred at a point in time.

Peoples records contract assets for income that has been recognized over a period of time for the fulfillment of performance obligations, but has not yet been received, related to electronic banking income. This income typically relates to bonuses for which Peoples is eligible, but will not receive until a certain time in the future. Peoples records contract liabilities for payments received for commission income related to the sale of insurance policies, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled, which is over the insurance policy period. Peoples also records contract liabilities for bonuses received related to electronic banking income, for which income is recognized during the period in which the performance obligations are fulfilled. The following table details the change in Peoples' contract assets and contract liabilities for the period ended December 31, 2019:

(Dollars in thousands)	Contract Assets		Contract Liabilities
Balance, January 1, 2019	$	207	$	5,055
Additional income receivable	404		—
Additional deferred income	—		4,525
Receipt of income previously receivable	(11)		—
Recognition of income previously deferred	—		(4,390)
Balance, December 31, 2019	$	600	$	5,190

From more information on Peoples' revenue recognition policies, see "Note 1 Summary of Significant Accounting Policies."