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Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2020
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 CostGross Unrealized GainsGross Unrealized LossesFair Value
September 30, 2020    
Obligations of:    
U.S. government sponsored agencies$4,958 $425 $— $5,383 
States and political subdivisions99,518 4,608 — 104,126 
Residential mortgage-backed securities710,254 19,052 (2,314)726,992 
Commercial mortgage-backed securities10,473 218 (123)10,568 
Bank-issued trust preferred securities4,696 114 (177)4,633 
Total available-for-sale securities$829,899 $24,417 $(2,614)$851,702 
December 31, 2019    
Obligations of:    
U.S. government sponsored agencies$7,917 $292 $— $8,209 
States and political subdivisions111,217 3,018 (131)114,104 
Residential mortgage-backed securities787,430 7,763 (4,184)791,009 
Commercial mortgage-backed securities18,135 88 (135)18,088 
Bank-issued trust preferred securities4,696 137 (142)4,691 
Total available-for-sale securities$929,395 $11,298 $(4,592)$936,101 
Schedule of Gross Gains and Losses from Sales of Available-for-sale Securities The gross gains and losses realized by Peoples from sales of available-for-sale securities for the periods ended September 30 were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2020201920202019
Gross gains realized$2 $97 $386 $157 
Gross losses realized— — 3 87 
Net gain realized$2 $97 $383 $70 
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 Months12 Months or MoreTotal
(Dollars in thousands)
Fair
Value
Unrealized LossNo. of Securities
Fair
Value
Unrealized LossNo. of Securities
Fair
Value
Unrealized Loss
September 30, 2020        
Obligations of:
Residential mortgage-backed securities
$142,807 $1,794 44 $19,904 $519 18 $162,711 $2,313 
Commercial mortgage-backed securities
— — — 1,475 123 2 1,475 123 
Bank-issued trust preferred securities
495 5 1 1,828 172 2 2,323 177 
Total$143,302 $1,799 45 $23,207 $814 22 $166,509 $2,613 
December 31, 2019        
Obligations of:
States and political subdivisions$6,226 $74 2 $2,441 $57 1 $8,667 $131 
Residential mortgage-backed securities
284,096 2,527 62 88,993 1,657 39 373,089 4,184 
Commercial mortgage-backed securities
970 21 1 2,409 114 3 3,379 135 
Bank-issued trust preferred securities
— — — 1,858 142 2 1,858 142 
Total$291,292 $2,622 65 $95,701 $1,970 45 $386,993 $4,592 
Summary of Held-to-maturity Investment Securities
The following table summarizes Peoples’ held-to-maturity investment securities:
(Dollars in thousands)Amortized CostAllowance for Credit Losses (a)Gross Unrealized GainsGross Unrealized LossesFair Value
September 30, 2020    
Obligations of:    
States and political subdivisions$3,545 $(6)$534 $— $4,073 
Residential mortgage-backed securities26,926 — 954 (1)27,879 
Commercial mortgage-backed securities5,678 — 456 — 6,134 
Total held-to-maturity securities$36,149 $(6)$1,944 $(1)$38,086 
December 31, 2019    
Obligations of:    
States and political subdivisions$4,346 $— $445 $— $4,791 
Residential mortgage-backed securities21,494 — 169 (94)21,569 
Commercial mortgage-backed securities5,907 — 275 (1)6,181 
Total held-to-maturity securities$31,747 $— $889 $(95)$32,541 
Cost-method Investments, Description [Text Block]
The following table summarizes the carrying value of Peoples' other investment securities:
(Dollars in thousands)September 30, 2020December 31, 2019
FHLB stock$25,022 $27,235 
FRB stock13,311 13,310 
Nonqualified deferred compensation1,711 1,499 
Equity investment securities306 321 
Other investment securities365 365 
Total other investment securities$40,715 $42,730 
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]
The following table summarizes the carrying value of Peoples' pledged securities:
 Carrying Amount
(Dollars in thousands)September 30, 2020December 31, 2019
Securing public and trust department deposits, and repurchase agreements:
     Available-for-sale$588,634 $527,655 
     Held-to-maturity18,440 12,975 
Securing additional borrowing capacity at the FHLB and the FRB:
     Available-for-sale98,003 44,618 
     Held-to-maturity12,054 14,155 
Available-for-sale securities  
Investment Holdings [Line Items]  
Summary of Investment Securities by Contractual Maturity
The table below presents the amortized cost, fair value and total weighted-average yield of available-for-sale securities by contractual maturity at September 30, 2020.  The weighted-average yields are based on the amortized cost.  In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date. 
(Dollars in thousands)Within 1 Year1 to 5 Years5 to 10 YearsOver 10 YearsTotal
Amortized cost     
Obligations of:     
U.S. government sponsored agencies$— $4,958 $— $— $4,958 
States and political subdivisions5,878 24,002 38,358 31,280 99,518 
Residential mortgage-backed securities2 5,898 73,518 630,836 710,254 
Commercial mortgage-backed securities3,213 3,535 960 2,765 10,473 
Bank-issued trust preferred securities— — 4,696 — 4,696 
Total available-for-sale securities$9,093 $38,393 $117,532 $664,881 $829,899 
Fair value     
Obligations of:     
U.S. government sponsored agencies$— $5,383 $— $— $5,383 
States and political subdivisions5,925 24,949 40,925 32,327 104,126 
Residential mortgage-backed securities2 5,995 74,425 646,570 726,992 
Commercial mortgage-backed securities3,225 3,622 1,004 2,717 10,568 
Bank-issued trust preferred securities— — 4,633 — 4,633 
Total available-for-sale securities$9,152 $39,949 $120,987 $681,614 $851,702 
Total weighted-average yield2.47 %2.67 %2.43 %2.12 %2.19 %
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 Months12 Months or MoreTotal
(Dollars in thousands)Fair
Value		Unrealized LossNo. of SecuritiesFair
Value		Unrealized LossNo. of SecuritiesFair
Value		Unrealized Loss
September 30, 2020        
Residential mortgage-backed securities
$637 $1 1 $— $— — $637 $1 
Total$637 $1 1 $— $— — $637 $1 
December 31, 2019        
Residential mortgage-backed securities
$7,731 $67 1 $890 $27 1 $8,621 $94 
Commercial mortgage-backed securities
1,666 1 1 — — — 1,666 1 
Total$9,397 $68 2 $890 $27 1 $10,287 $95 
Summary of Investment Securities by Contractual Maturity
The table below presents the amortized cost, fair value and total weighted-average yield of held-to-maturity securities by contractual maturity at September 30, 2020.  The weighted-average yields are based on the amortized cost and are computed on a fully taxable-equivalent basis using a statutory federal corporate income tax rate of 21%.  In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.  
(Dollars in thousands)Within 1 Year1 to 5 Years5 to 10 YearsOver 10 YearsTotal
Amortized cost     
Obligations of:     
States and political subdivisions$— $— $3,545 $— $3,545 
Residential mortgage-backed securities— — 3,023 23,903 26,926 
Commercial mortgage-backed securities— 380 3,764 1,534 5,678 
Total held-to-maturity securities$— $380 $10,332 $25,437 $36,149 
Fair value     
Obligations of:     
States and political subdivisions$— $— $4,073 $— $4,073 
Residential mortgage-backed securities— — 3,142 24,737 27,879 
Commercial mortgage-backed securities— 389 4,175 1,570 6,134 
Total held-to-maturity securities$— $389 $11,390 $26,307 $38,086 
Total weighted-average yield— %2.29 %2.81 %2.41 %2.53 %