Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Summary of Revenue

The following table details Peoples' revenue from contracts with customers:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2022		2021		2022		2021
Insurance income:
Commission and fees from sale of insurance policies (a)	$	3,544	$	3,195	$	6,587	$	6,371
Fees related to third-party administration services (a)	92		106		163		200
Performance-based commissions (b)	10		34		1,356		1,985
Trust and investment income (a)	4,246		4,220		8,522		8,065
Electronic banking income:
Interchange income (a)	4,302		3,603		8,415		6,650
Promotional and usage income (a)	1,117		815		2,257		1,679
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,307		853		2,618		1,664
Transaction-based fees (b)	2,251		1,191		4,366		2,366
Commercial loan swap fees (b)	270		61		438		121
Other non-interest income transaction-based fees (b)	315		249		572		393
Total revenue from contracts with customers	$	17,454	$	14,327	$	35,294	$	29,494
Timing of revenue recognition:
Services transferred over time	$	14,608	$	12,792	$	28,562	$	24,629
Services transferred at a point in time	2,846		1,535		6,732		4,865
Total revenue from contracts with customers	$	17,454	$	14,327	$	35,294	$	29,494

(a) Services transferred over time.

(b) Services transferred at a point in time.

Summary of Contract Assets and Liabilities

The following table details the changes in Peoples' contract assets and contract liabilities for the six-month period ended June 30, 2022:

	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2022	$	743	$	4,811
Additional income receivable	149		—
Additional deferred income	—		305
Recognition of income previously deferred	—		(63)
Balance, June 30, 2022	$	892	$	5,053