Revenue (Tables)

6 Months Ended

Jun. 30, 2023

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)	2023		2022		2023		2022
Insurance income:
Commission and fees from sale of insurance policies (a)	$	3,895	$	3,544	$	7,711	$	6,587
Fees related to third-party administration services (a)	74		92		156		163

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2023		2022		2023		2022
Performance-based commissions (b)	35		10		1,562		1,356
Trust and investment income:
Fiduciary income (a)	2,747		1,999		5,204		3,964
Brokerage income (a)	1,667		2,247		3,294		4,558
Electronic banking income:
Interchange income (a)	5,036		4,302		9,217		8,415
Promotional and usage income (a)	1,430		1,117		2,692		2,257
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,623		1,307		3,084		2,618
Transaction-based fees (b)	2,530		2,251		4,592		4,366
Commercial loan swap fees (b)	118		270		118		438
Other non-interest income transaction-based fees (b)	378		315		808		572
Total revenue from contracts with customers	$	19,533	$	17,454	$	38,438	$	35,294
Timing of revenue recognition:
Services transferred over time	$	16,472	$	14,608	$	31,358	$	28,562
Services transferred at a point in time	3,061		2,846		7,080		6,732
Total revenue from contracts with customers	$	19,533	$	17,454	$	38,438	$	35,294

(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, 2023:

	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2023	$	1,294	$	5,634
Additional income receivable	82		—
Additional deferred income	—		490
Recognition of income previously deferred	—		(72)
Balance, June 30, 2023	$	1,376	$	6,052