XML 129 R72.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Loans Troubled Debt Restructurings (Details)
12 Months Ended
Dec. 31, 2019
USD ($)
contract
Dec. 31, 2018
USD ($)
contract
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Impact on allowance for loan losses for loans modified as a TDR that subsequently defaulted
Troubled Debt Restructuring ("TDR"): The restructuring of a loan is considered a TDR if both (1) the borrower is experiencing financial difficulties and (2) the creditor has granted a concession. Loans acquired that are restructured after acquisition are not considered TDRs if the loans evidenced credit deterioration as of the acquisition date and are accounted for in pools of purchased credit impaired loans.
In assessing whether or not a borrower is experiencing financial difficulties, Peoples considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (1) the borrower is currently in payment default on any of the borrower's debt; (2) a payment default is probable in the foreseeable future without the modification; (3) the borrower has declared or is in the process of declaring bankruptcy; and (4) the borrower's projected cash flow is insufficient to satisfy contractual payments due under the original terms of the loan without a modification.
Peoples considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by Peoples include the borrower's ability to access funds at a market rate for loans with similar risk characteristics, the significance of the modification relative to the unpaid principal loan balance or collateral value underlying the loan, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by Peoples generally include one or more modifications to the terms of the loan, such as (1) a reduction in the interest rate for the remaining life of the loan, (2) an extension of the maturity date at an interest rate lower than the current market rate for a new loan with similar risk, (3) a temporary period of interest-only payments, and (4) a reduction in the contractual payment amount for either a short period or the remaining term of the loan. All TDRs are considered impaired loans and are evaluated individually to determine if a write-down is required and if they should be on accrual or nonaccrual status.
 
Additional commitments to lend funds to debtors whose terms have been modified in a TDR $ 0  
Financial Asset Originated [Member]    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 29 50
Financing Receivable, Troubled Debt Restructuring, Premodification $ 926,000 $ 2,801,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 929,000 2,801,000
Financing Receivable, Troubled Debt Restructuring $ 878,000 $ 2,714,000
Number of contracts modified as a TDR that subsequently defaulted | contract   2
Recorded investment in loans modified as a TDR that subsequently defaulted   $ 88,000
Financial Asset Originated [Member] | Commercial and industrial    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 2 1
Financing Receivable, Troubled Debt Restructuring, Premodification $ 38,000 $ 714,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 38,000 714,000
Financing Receivable, Troubled Debt Restructuring $ 32,000 $ 714,000
Financial Asset Originated [Member] | Residential real estate    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 3 9
Financing Receivable, Troubled Debt Restructuring, Premodification $ 437,000 $ 904,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 440,000 904,000
Financing Receivable, Troubled Debt Restructuring $ 431,000 $ 899,000
Number of contracts modified as a TDR that subsequently defaulted | contract   1
Recorded investment in loans modified as a TDR that subsequently defaulted   $ 56,000
Financial Asset Originated [Member] | Home equity lines of credit    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 4 8
Financing Receivable, Troubled Debt Restructuring, Premodification $ 139,000 $ 666,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 139,000 666,000
Financing Receivable, Troubled Debt Restructuring $ 136,000 $ 660,000
Number of contracts modified as a TDR that subsequently defaulted | contract   1
Recorded investment in loans modified as a TDR that subsequently defaulted   $ 32,000
Financial Asset Originated [Member] | Consumer, indirect    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 17 27
Financing Receivable, Troubled Debt Restructuring, Premodification $ 260,000 $ 485,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 260,000 485,000
Financing Receivable, Troubled Debt Restructuring $ 234,000 $ 412,000
Financial Asset Originated [Member] | Consumer, direct    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 3 5
Financing Receivable, Troubled Debt Restructuring, Premodification $ 52,000 $ 32,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 52,000 32,000
Financing Receivable, Troubled Debt Restructuring $ 45,000 $ 29,000
Financial Asset Originated [Member] | Consumer    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 20 32
Financing Receivable, Troubled Debt Restructuring, Premodification $ 312,000 $ 517,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 312,000 517,000
Financing Receivable, Troubled Debt Restructuring $ 279,000 $ 441,000
Acquired Loans    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 64 22
Financing Receivable, Troubled Debt Restructuring, Premodification $ 4,023,000 $ 1,504,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 3,999,000 1,504,000
Financing Receivable, Troubled Debt Restructuring $ 3,785,000 $ 1,464,000
Number of contracts modified as a TDR that subsequently defaulted | contract   1
Recorded investment in loans modified as a TDR that subsequently defaulted   $ 10,000
Acquired Loans | Commercial real estate, other    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 3  
Financing Receivable, Troubled Debt Restructuring, Premodification $ 101,000  
Financing Receivable, Troubled Debt Restructuring, Postmodification 76,000  
Financing Receivable, Troubled Debt Restructuring $ 76,000  
Acquired Loans | Construction    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract   1
Financing Receivable, Troubled Debt Restructuring, Premodification   $ 50,000
Financing Receivable, Troubled Debt Restructuring, Postmodification   50,000
Financing Receivable, Troubled Debt Restructuring   $ 45,000
Acquired Loans | Commercial and industrial    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 5  
Financing Receivable, Troubled Debt Restructuring, Premodification $ 1,557,000  
Financing Receivable, Troubled Debt Restructuring, Postmodification 1,557,000  
Financing Receivable, Troubled Debt Restructuring $ 1,464,000  
Acquired Loans | Residential real estate    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 38 15
Financing Receivable, Troubled Debt Restructuring, Premodification $ 2,069,000 $ 1,258,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 2,069,000 1,258,000
Financing Receivable, Troubled Debt Restructuring $ 1,967,000 $ 1,226,000
Acquired Loans | Home equity lines of credit    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 8 6
Financing Receivable, Troubled Debt Restructuring, Premodification $ 172,000 $ 196,000
Financing Receivable, Troubled Debt Restructuring, Postmodification 173,000 196,000
Financing Receivable, Troubled Debt Restructuring $ 164,000 $ 193,000
Number of contracts modified as a TDR that subsequently defaulted | contract   1
Recorded investment in loans modified as a TDR that subsequently defaulted   $ 10,000
Acquired Loans | Consumer, direct    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Financing Receivable, Modifications, Number of Contracts | contract 10  
Financing Receivable, Troubled Debt Restructuring, Premodification $ 124,000  
Financing Receivable, Troubled Debt Restructuring, Postmodification 124,000  
Financing Receivable, Troubled Debt Restructuring $ 114,000