Revenue (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Revenue

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

	Three Months Ended
	March 31,
(Dollars in thousands)	2023		2022
Insurance income:
Commission and fees from sale of insurance policies (a)	$	3,816	$	3,313
Fees related to third-party administration services (a)	82		72

	Three Months Ended
	March 31,
(Dollars in thousands)	2023		2022
Performance-based commissions (b)	1,527		1,346
Trust and investment income:
Fiduciary income (a)	2,457		1,965
Brokerage income (a)	1,627		2,311
Electronic banking income:
Interchange income (a)	4,181		4,113
Promotional and usage income (a)	1,262		1,140
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,461		1,311
Transaction-based fees (b)	2,062		2,115
Commercial loan swap fees (b)	—		168
Other non-interest income transaction-based fees (b)	430		257
Total revenue from contracts with customers	$	18,905	$	18,111
Timing of revenue recognition:
Services transferred over time	$	14,886	$	14,225
Services transferred at a point in time	4,019		3,886
Total revenue from contracts with customers	$	18,905	$	18,111

(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 three-month period ended March 31, 2023:

	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2023	$	1,294	$	5,634
Additional income receivable	50		—
Recognition of income previously deferred	—		(70)
Balance, March 31, 2023	$	1,344	$	5,564