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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Summary of Common Stock and Treasury Stock
The following table details the progression in Peoples’ common shares and treasury stock during the six months ended June 30, 2022:
 Common SharesTreasury
Stock
Shares at December 31, 202129,814,401 1,577,359 
Changes related to stock-based compensation awards:  
Release of restricted common shares— 38,010 
Cancellation of restricted common shares— 1,880 
Grant of restricted common shares— (203,081)
Grant of unrestricted common shares— (700)
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock— 6,459 
Disbursed out of treasury stock— (3,039)
Common shares repurchased under share repurchase program— 214,220 
Common shares issued under dividend reinvestment plan22,090 — 
Common shares issued under compensation plan for Boards of Directors
— (8,738)
Common shares issued under employee stock purchase plan
— (11,845)
Shares at June 30, 202229,836,491 1,610,525 
Summary of Dividends Declared The following table details the cash dividends declared per common share during the three quarters of 2022 and the comparable periods of 2021:
20222021
First quarter$0.36 $0.35 
Second quarter0.38 0.36 
Third quarter0.38 0.36 
Total dividends declared$1.12 $1.07 
Summary of Accumulated Other Comprehensive (Loss) Income The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income for the six months ended June 30, 2022:
(Dollars in thousands)Unrealized Loss on SecuritiesUnrecognized Net Pension and Postretirement Costs (Benefit)Unrealized (Loss) Gain on Cash Flow HedgeAccumulated Other Comprehensive (Loss)
Balance, December 31, 2021$(5,946)$(1,881)$(3,792)$(11,619)
Reclassification adjustments to net income:
  Realized loss on sale of securities, net of tax(66)— — (66)
Other comprehensive (loss) income, net of reclassifications and tax
(87,598)76 5,848 (81,674)
Balance, June 30, 2022$(93,610)$(1,805)$2,056 $(93,359)