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Loans (Tables)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Receivables [Abstract]    
Schedule of Financing Receivables, Type  
The major classifications of loan balances (in each case, net of deferred fees and costs) excluding loans held for sale, were as follows:
(Dollars in thousands)September 30,
2020		December 31, 2019
Construction$108,051 $88,518 
Commercial real estate, other913,239 833,238 
Commercial and industrial1,168,134 662,993 
Residential real estate589,449 661,476 
Home equity lines of credit121,935 132,704 
Consumer, indirect491,699 417,185 
Consumer, direct79,059 76,533 
Deposit account overdrafts519 878 
Total loans, at amortized cost$3,472,085 $2,873,525 
Nonaccrual and Past Due Loans  
The amortized cost of loans on nonaccrual status and loans delinquent for 90 days or more and accruing were as follows:
September 30, 2020December 31, 2019
(Dollars in thousands)
Nonaccrual (a)(b)
Accruing Loans 90+ Days Past Due
Nonaccrual (a)
Accruing Loans 90+ Days Past Due (b)
Construction$4 $— $411 $— 
Commercial real estate, other9,534 80 6,801 907 
Commercial and industrial6,317 74 2,155 155 
Residential real estate8,508 2,548 6,361 2,677 
Home equity lines of credit919 27 1,165 108 
Consumer, indirect961 86 840 — 
Consumer, direct193 — 48 85 
Total loans, at amortized cost$26,436 $2,815 $17,781 $3,932 
Aging Of The Recorded Investment In Past Due Loans And Leases  
The following table presents the aging of the amortized cost of past due loans:
Loans Past Due
Current
Loans
Total
Loans
(Dollars in thousands)30 - 59 days60 - 89 days90 + DaysTotal
September 30, 2020
Construction$— $— $4 $4 $108,047 $108,051 
Commercial real estate, other1,353 267 9,039 10,659 902,580 913,239 
Commercial and industrial330 286 4,594 5,210 1,162,924 1,168,134 
Residential real estate1,517 2,113 5,598 9,228 580,221 589,449 
Home equity lines of credit66 195 712 973 120,962 121,935 
Consumer, indirect2,199 286 336 2,821 488,878 491,699 
Consumer, direct141 163 104 408 78,651 79,059 
Deposit account overdrafts— — — — 519 519 
Total loans, at amortized cost$5,606 $3,310 $20,387 $29,303 $3,442,782 $3,472,085 
December 31, 2019
Construction$5 $— $411 $416 $88,102 $88,518 
Commercial real estate, other376 337 7,501 8,214 825,024 833,238 
Commercial and industrial2,780 312 1,244 4,336 658,657 662,993 
Residential real estate10,538 2,918 5,872 19,328 642,148 661,476 
Home equity lines of credit642 510 1,033 2,185 130,519 132,704 
Consumer, indirect3,574 714 370 4,658 412,527 417,185 
Consumer, direct619 117 112 848 75,685 76,533 
Deposit account overdrafts— — — — 878 878 
Total loans, at amortized cost$18,534 $4,908 $16,543 $39,985 $2,833,540 $2,873,525 
Loans By Risk Category  
The following table summarizes the risk category of loans within Peoples' loan portfolio based upon the most recent analysis performed at September 30, 2020:
(Dollars in thousands)20202019201820172016PriorRevolving LoansRevolving Loans Converted to Term
Total
Loans
Construction

  Pass$25,197 $42,715 $2,958 $14,650 $1,146 $17,668 $446 $3,311 $104,780 
  Special mention— 1,378 475 — — 144 — 475 1,997 
  Substandard— — — 195 — 730 349 — 1,274 
     Total25,197 44,093 3,433 14,845 1,146 18,542 795 3,786 108,051 
Commercial real estate, other

  Pass89,909 99,713 99,193 99,656 112,043 220,567 126,990 27,562 848,071 
  Special mention61 4,822 1,118 3,809 5,102 7,206 2,025 182 24,143 
  Substandard— 1,547 822 2,854 1,973 31,972 1,857 47 41,025 
     Total89,970 106,082 101,133 106,319 119,118 259,745 130,872 27,791 913,239 
Commercial and industrial
  Pass495,729 92,863 75,491 40,026 49,385 170,044 206,382 27,217 1,129,920 
  Special mention755 1,712 3,448 123 269 1,397 13,367 51 21,071 
  Substandard2,337 1,665 1,439 1,977 300 4,014 3,638 2,722 15,370 
  Doubtful— — — — — 1,773 — — 1,773 
     Total498,821 96,240 80,378 42,126 49,954 177,228 223,387 29,990 1,168,134 
Residential real estate
  Pass29,893 44,275 27,806 32,183 45,532 306,390 86,801 227 572,880 
  Special mention— — — — — 1 — — 1 
  Substandard— — — — — 15,962 126 — 16,088 
  Doubtful— — — — — 297 — — 297 
   Loss— — — — — 183 — — 183 
     Total29,893 44,275 27,806 32,183 45,532 322,833 86,927 227 589,449 
Home equity lines of credit
  Pass11,065 13,802 13,087 14,651 11,751 43,776 13,803 4,025 121,935 
     Total11,065 13,802 13,087 14,651 11,751 43,776 13,803 4,025 121,935 
Consumer, indirect
  Pass169,220 102,067 80,906 45,867 20,583 15,417 57,639 — 491,699 
     Total169,220 102,067 80,906 45,867 20,583 15,417 57,639 — 491,699 
Consumer, direct
  Pass25,239 18,257 12,834 5,427 3,249 5,256 8,797 — 79,059 
     Total25,239 18,257 12,834 5,427 3,249 5,256 8,797 — 79,059 
Deposit account overdrafts519 — — — — — — — 519 
Total loans, at amortized cost$849,924 $424,816 $319,577 $261,418 $251,333 $842,797 $522,220 $65,819 $3,472,085 
During the third quarter of 2020, Peoples downgraded several relationships due to the COVID-19 pandemic. The COVID-related downgrades contributed to increases of $17.5 million of additional criticized loans and $9.3 million of additional classified loans compared to balances at June 30, 2020. At September 30, 2020, Peoples had a total of $1.8 million of loans secured by residential real estate mortgages that were in the process of foreclosure.
Troubled Debt Restructurings on Financing Receivables  
The following tables summarize the loans that were modified as TDRs during the three months and nine months ended September 30:
Three Months Ended
Recorded Investment (a)
(Dollars in thousands)Number of ContractsPre-ModificationPost-ModificationRemaining Recorded Investment
September 30, 2020
Commercial real estate, other3 $2,214 $2,214 $1,112 
Commercial and industrial4 3,657 3,657 3,658 
Residential real estate10 608 608 608 
Home equity lines of credit3 68 68 68 
Consumer, indirect11 126 126 126 
Consumer - direct2 16 16 16 
   Consumer13 142 142 142 
Total33 $6,689 $6,689 $5,588 
September 30, 2019
Originated loans:
Consumer, indirect15 $205 $205 $205 
Total15 $205 $205 $205 
Acquired loans:
Residential real estate1 $70 $70 $70 
Total1 $70 $70 $70 
(a) The amounts shown are inclusive of all partial paydowns and charge-offs. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Nine Months Ended
Recorded Investment (a)
(Dollars in thousands)Number of ContractsPre-ModificationPost-ModificationRemaining Recorded Investment
September 30, 2020
Commercial real estate, other5 $2,533 $2,533 $1,430 
Commercial and industrial5 3,803 3,803 3,804 
Residential real estate16 1,237 1,267 1,261 
Home equity lines of credit7 123 123 121 
Consumer, indirect23 235 235 216 
Consumer, direct5 68 68 63 
   Consumer28 303 303 279 
Total61 $7,999 $8,029 $6,895 
September 30, 2019
Originated loans:
Commercial and industrial2 $38 $38 $34 
Residential real estate3 437 440 434 
Home equity lines of credit4 139 139 137 
Consumer, indirect23 328 328 312 
Consumer, direct3 52 52 48 
   Consumer26 380 380 360 
Total35 $994 $997 $965 
Acquired loans:
Commercial real estate, other3 $101 $76 $75 
Commercial and industrial5 1,557 1,557 1,510 
Residential real estate35 2,088 2,088 2,037 
Home equity lines of credit8 172 172 168 
Consumer, direct16 340 340 330 
Total67 $4,258 $4,233 $4,120 
(a) The amounts shown are inclusive of all partial paydowns and charge-offs. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Summary Of Activity In Allowance For Loan And Lease Losses  
Changes in the allowance for credit losses for the three months ended September 30, 2020 are summarized below:
(Dollars in thousands)
Beginning Balance, June 30, 2020
Provision for (Recovery of) Credit Losses (a)Charge-offsRecoveries
Ending Balance, September 30, 2020
Construction$2,662 $(148)$— $— $2,514 
Commercial real estate, other19,148 (8)(109)4 19,035 
Commercial and industrial10,106 4,127 (148)— 14,085 
Residential real estate6,380 (371)(121)100 5,988 
Home equity lines of credit1,755 40 — 2 1,797 
Consumer, indirect12,293 785 (370)64 12,772 
Consumer, direct1,941 (78)(15)13 1,861 
Deposit account overdrafts77 154 (202)47 76 
Total$54,362 $4,501 $(965)$230 $58,128 
(a)Amount does not include the provision for unfunded commitment liability.
Changes in the allowance for credit losses for the nine months ended September 30, 2020 are summarized below:
(Dollars in thousands)Beginning Balance,
January 1, 2020		Initial Allowance for Purchased Credit Deteriorated AssetsProvision for Credit Losses (a)Charge-offsRecoveries
Ending Balance, September 30, 2020
Construction$600 $51 $1,863 $— $— $2,514 
Commercial real estate, other7,193 1,356 10,614 (254)126 19,035 
Commercial and industrial4,960 860 7,356 (1,100)2,009 14,085 
Residential real estate3,977 383 1,626 (255)257 5,988 
Home equity lines of credit1,570 2 237 (23)11 1,797 
Consumer, indirect5,389 — 8,549 (1,427)261 12,772 
Consumer, direct856 34 1,062 (128)37 1,861 
Deposit account overdrafts94 — 360 (534)156 76 
Total$24,639 $2,686 $31,667 $(3,721)$2,857 $58,128 
(a)Amount does not include the provision for unfunded commitment liability.
Financing Receivables, Collateral Dependent [Table]  
The following table details Peoples' amortized cost of collateral dependent loans:
(Dollars in thousands)September 30, 2020December 31, 2019
Commercial real estate, other$8,999 $6,818 
Commercial and industrial6,487 1,962 
Residential real estate1,971 1,847 
Home equity lines of credit406 681 
Consumer, indirect— 713 
Consumer, direct— 94 
Total collateral dependent loans$17,863 $12,115 
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 
us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock   Loans pledged are summarized as follows:
(Dollars in thousands)September 30, 2020December 31, 2019
Loans pledged to FHLB$742,023 $458,227 
Loans pledged to FRB188,354 172,693 
Troubled Debt Restructurings during prior 12months that subsequently defaulted
The following table presents those loans modified into a TDR during the year that subsequently defaulted (i.e., 90 days or more past due following a modification during the nine-month periods ended September 30:
September 30, 2020September 30, 2019
(Dollars in thousands)Number of ContractsRecorded Investment (1)Impact on the Allowance for Loan LossesNumber of ContractsRecorded Investment (1)Impact on the Allowance for Loan Losses
Commercial real estate, other1 $54 — — $— $— 
Consumer, direct— — — 1 35 $— 
Total1 $54 $— 1 $35 $— 
(1) The amounts shown are inclusive of all partial paydowns and charge-offs. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.