Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Summary of Revenue

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2022		2021		2022		2021
Insurance income:
Commission and fees from sale of insurance policies (a)	$	3,465	$	3,231	$	10,323	$	9,603
Fees related to third-party administration services (a)	88		76		252		276
Performance-based commissions (b)	65		60		1,420		2,044
Trust and investment income (a)	3,954		4,158		12,476		12,223
Electronic banking income:
Interchange income (a)	4,150		3,280		12,564		9,930
Promotional and usage income (a)	1,111		1,046		3,369		2,725
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,353		933		3,971		2,597
Transaction-based fees (b)	2,480		1,616		6,846		3,981
Commercial loan swap fees (b)	224		73		662		194
Other non-interest income transaction-based fees (b)	255		207		826		601
Total revenue from contracts with customers	$	17,145	$	14,680	$	52,709	$	44,174
Timing of revenue recognition:
Services transferred over time	$	14,121	$	12,724	$	42,955	$	37,354
Services transferred at a point in time	3,024		1,956		9,754		6,820
Total revenue from contracts with customers	$	17,145	$	14,680	$	52,709	$	44,174

(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 nine-month period ended September 30, 2022:

	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2022	$	743	$	4,811
Additional income receivable	159		—
Additional deferred income	—		487
Recognition of income previously deferred	—		(95)
Balance, September 30, 2022	$	902	$	5,203