Revenue (Notes)

12 Months Ended

Dec. 31, 2020

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)	2020		2019
Insurance income:
Commission and fees from sale of insurance policies (a)	$	12,137	$	12,670
Fees related to third-party administration services (a)	448		602
Performance-based commissions (b)	1,457		1,530
Trust and investment income (a)	13,662		13,159
Electronic banking income:
Interchange income (a)	11,160		10,797
Promotional and usage income (a)	3,086		2,883
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	3,573		3,832
Transactional-based fees (b)	5,845		7,868
Commercial loan swap fees (b)	1,741		2,228
Other non-interest income transactional-based fees (b)	820		716
Total	$	53,929	$	56,285
Timing of revenue recognition:
Services transferred over time	$	44,066	$	43,943
Services transferred at a point in time	9,863		12,342
Total	$	53,929	$	56,285

(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 changes in Peoples' contract assets and contract liabilities for the period ended December 31, 2020:

(Dollars in thousands)	Contract Assets		Contract Liabilities
Balance, January 1, 2020	$	600	$	5,190
Additional income receivable	647		—
Additional deferred income	—		244
Recognition of income previously deferred	—		(210)
Balance, December 31, 2020	$	1,247	$	5,224

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