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Loans (Tables)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2021
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)June 30,
2021
December 31, 2020
Construction$100,599 $106,792 
Commercial real estate, other948,260 929,853 
Commercial and industrial805,751 973,645 
Premium finance117,088 114,758 
Leases95,643 — 
Residential real estate566,597 574,007 
Home equity lines of credit118,401 120,913 
Consumer, indirect537,926 503,527 
Consumer, direct81,436 79,094 
Deposit account overdrafts498 351 
Total loans, at amortized cost$3,372,199 $3,402,940 
Nonaccrual and Past Due Loans  
The amortized cost of loans on nonaccrual status and of loans delinquent for 90 days or more and accruing were as follows:
June 30, 2021December 31, 2020
(Dollars in thousands)
Nonaccrual (a)
Accruing Loans 90+ Days Past Due
Nonaccrual (a)
Accruing Loans 90+ Days Past Due
Construction$$— $$— 
Commercial real estate, other8,064 1,361 9,111 — 
Commercial and industrial5,712 161 6,192 50 
Premium finance— 216 — 204 
Leases— 1,522 — — 
Residential real estate7,595 342 8,375 1,975 
Home equity lines of credit701 60 867 82 
Consumer, indirect897 39 1,073 39 
Consumer, direct106 40 171 17 
Total loans, at amortized cost$23,079 $3,741 $25,793 $2,367 
Aging Of The Recorded Investment In Past Due Loans And Leases  
The following table presents the aging of the amortized cost of past due loans:
Loans Past Due
Current
Loans
Total
Loans
(Dollars in thousands)30 - 59 days60 - 89 days90 + DaysTotal
June 30, 2021
Construction$— $— $$$100,595 $100,599 
Commercial real estate, other1,134 739 8,834 10,707 937,553 948,260 
Commercial and industrial50 264 5,873 6,187 799,564 805,751 
Premium finance397 122 216 735 116,353 117,088 
Leases344 527 1,522 2,393 93,250 95,643 
Residential real estate969 1,573 3,656 6,198 560,399 566,597 
Home equity lines of credit397 276 620 1,293 117,108 118,401 
Consumer, indirect2,660 531 214 3,405 534,521 537,926 
Consumer, direct145 35 88 268 81,168 81,436 
Deposit account overdrafts— — — — 498 498 
Total loans, at amortized cost$6,096 $4,067 $21,027 $31,190 $3,341,009 $3,372,199 
December 31, 2020
Construction$— $344 $$348 $106,444 $106,792 
Commercial real estate, other1,943 283 8,643 10,869 918,984 929,853 
Commercial and industrial567 552 4,535 5,654 967,991 973,645 
Premium finance928 1,073 204 2,205 112,553 114,758 
Residential real estate6,739 2,688 5,512 14,939 559,068 574,007 
Home equity lines of credit309 58 780 1,147 119,766 120,913 
Consumer, indirect4,362 733 348 5,443 498,084 503,527 
Consumer, direct424 43 123 590 78,504 79,094 
Deposit account overdrafts— — — — 351 351 
Total loans, at amortized cost$15,272 $5,774 $20,149 $41,195 $3,361,745 $3,402,940 
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 June 30, 2021:
Term Loans at Amortized Cost by Origination YearRevolving Loans Converted to Term
(Dollars in thousands)20212020201920182017PriorRevolving Loans
Total
Loans
Construction

  Pass$23,080 $38,402 $34,630 $174 $659 $1,308 $158 $2,673 $98,411 
  Special mention— — — 733 — 140 — — 873 
  Substandard— — — 81 169 1,065 — — 1,315 
     Total23,080 38,402 34,630 988 828 2,513 158 2,673 100,599 
Commercial real estate, other

  Pass65,033 142,574 155,870 96,168 120,622 293,473 14,188 1,179 887,928 
  Special mention— 238 2,760 326 4,631 18,339 — 52 26,294 
  Substandard— — 3,876 332 2,371 26,987 401 45 33,967 
  Doubtful— — — — — 71 — — 71 
     Total65,033 142,812 162,506 96,826 127,624 338,870 14,589 1,276 948,260 
Commercial and industrial
  Pass221,601 144,522 87,868 68,320 32,283 100,174 115,827 15,989 770,595 
  Special mention66 1,289 1,891 3,289 165 992 9,250 11 16,942 
  Substandard96 1,974 2,021 871 2,060 4,073 5,445 1,114 16,540 
  Doubtful— — — — — 1,650 — 187 1,650 
   Loss24 — — — — — — — 24 
     Total221,787 147,785 91,780 72,480 34,508 106,889 130,522 17,301 805,751 
Premium finance
  Pass95,511 21,574 — — — — — 117,088 
     Total95,511 21,574 — — — — — 117,088 
Leases
  Pass31,474 35,759 20,089 5,462 710 100 — — 93,594 
  Special mention118 161 232 16 — — — 528 
  Substandard— 158 725 619 19 — — — 1,521 
     Total31,592 36,078 21,046 6,097 730 100 — — 95,643 
Residential real estate
  Pass74,948 49,625 40,159 21,960 28,634 337,193 — — 552,519 
  Substandard— — — — — 13,959 — — 13,959 
   Loss— — — — — 119 — — 119 
     Total74,948 49,625 40,159 21,960 28,634 351,271 — — 566,597 
Home equity lines of credit
  Pass12,264 19,065 13,607 12,138 12,329 48,958 40 3,176 118,401 
     Total12,264 19,065 13,607 12,138 12,329 48,958 40 3,176 118,401 
Consumer, indirect
  Pass139,845 205,542 83,362 61,699 32,046 15,432 — — 537,926 
     Total139,845 205,542 83,362 61,699 32,046 15,432 — — 537,926 
Consumer, direct
  Pass22,265 28,186 13,957 9,057 3,505 4,466 — — 81,436 
     Total22,265 28,186 13,957 9,057 3,505 4,466 — — 81,436 
Deposit account overdrafts498 — — — — — — — 498 
Total loans, at amortized cost$686,823 $689,069 $461,050 $281,245 $240,204 $868,499 $145,309 $24,426 $3,372,199 
At June 30, 2021, Peoples had a total of $1.3 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 troubled debt restructurings ("TDRs") during the three and six months ended June 30:
Three Months Ended
Recorded Investment (a)
(Dollars in thousands)Number of ContractsPre-ModificationPost-ModificationRemaining Recorded Investment
June 30, 2021
Commercial real estate, other$23 $23 $23 
Leases225 233 233 
Residential real estate245 245 245 
Home equity lines of credit260 260 258 
Consumer, indirect62 62 62 
Consumer, direct38 38 38 
   Consumer11 100 100 100 
Total25 $853 $861 $859 
June 30, 2020
Residential real estate$303 $303 $303 
Home equity lines of credit14 14 14 
Consumer, indirect62 62 62 
Total15 $379 $379 $379 
(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.
Six Months Ended
Recorded Investment (a)
(Dollars in thousands)Number of ContractsPre-ModificationPost-ModificationRemaining Recorded Investment
June 30, 2021
Construction$344 $344 $344 
Commercial real estate, other23 23 23 
Leases225 233 233 
Residential real estate415 419 416 
Home equity lines of credit260 260 258 
Consumer, indirect10 140 140 135 
Consumer, direct50 50 50 
   Consumer17 190 190 185 
Total35 $1,457 $1,469 $1,459 
June 30, 2020
Commercial real estate, other$265 $265 $265 
Commercial and industrial145 145 145 
Residential real estate756 786 783 
Home equity lines of credit55 55 53 
Consumer, indirect13 128 128 122 
Consumer, direct51 51 49 
   Consumer16 179 179 171 
Total30 $1,400 $1,430 $1,417 
(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.
Financing Receivables, Collateral Dependent [Table]  
The following table details Peoples' amortized cost of collateral dependent loans:
(Dollars in thousands)June 30, 2021December 31, 2020
Construction$344 $— 
Commercial real estate, other8,000 8,467 
Commercial and industrial5,047 6,333 
Residential real estate1,322 1,670 
Home equity lines of credit395 403 
Total collateral dependent loans$15,108 $16,873 
us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock   Loans pledged are summarized as follows:
(Dollars in thousands)June 30, 2021December 31, 2020
Loans pledged to FHLB$736,321 $740,584 
Loans pledged to FRB120,531 107,340 
Troubled Debt Restructurings during prior 12months that subsequently defaulted Peoples did not have any loans that were modified as a TDR during the last twelve months that subsequently defaulted.