Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Short-Term Debt [Abstract]

Schedule of Short-term Borrowings

Peoples utilizes various short-term borrowings as sources of funds, which are summarized as follows at December 31:

(Dollars in thousands)	Retail Repurchase Agreements			FHLB Advances			Other			Total
2022
Ending balance	$	100,138		$	400,000		$	—		$	500,138
Average balance	113,434			83,356			—			196,790
Highest month-end balance	286,442			400,000			—			500,138
Interest expense	$	274		$	2,387		$	—		$	2,661
Weighted-average interest rate:
End of year	0.40		%	4.36		%	—		%	3.57		%
During the year	0.24		%	2.86		%	—		%	1.35		%
2021
Ending balance	$	111,482		$	55,000		$	—		$	166,482
Average balance	70,674			30,289			—			100,963
Highest month-end balance	119,693			65,017			—			184,693
Interest expense	$	66		$	475		$	—		$	541
Weighted-average interest rate:
End of year	0.09		%	0.74		%	—		%	0.31		%
During the year	0.09		%	1.57		%	—		%	0.54		%
2020
Ending balance	$	53,261		$	20,000		$	—		$	73,261
Average balance	44,902			129,928			1,803			176,633
Highest month-end balance	53,261			235,989			64,000			279,773
Interest expense	$	77		$	2,489		$	5		$	2,571
Weighted-average interest rate:
End of year	0.06		%	1.78		%	—		%	0.53		%
During the year	0.17		%	1.92		%	0.25		%	1.46		%