Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenue

The following table details Peoples’ revenue from contracts with customers for the year ended December 31:

(Dollars in thousands)	2023		2022
Insurance income:
Commission and fees from sale of insurance policies (a)	$	16,081	$	13,960
Fees related to third-party administration services (a)	301		343
Performance-based commissions (b)	1,634		1,424
Trust and investment income:
Fiduciary income (a)	10,295		10,048
Brokerage income (a)	6,865		6,343
Electronic banking income:
Interchange income (a)	19,380		16,674
Promotional and usage income (a)	5,830		4,420
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	6,425		5,323
Transactional-based fees (b)	10,257		9,260
Commercial loan swap fees (b)	782		662
Other non-interest income transactional-based fees (b)	1,650		1,499
Total	$	79,500	$	69,956
Timing of revenue recognition:
Services transferred over time	$	65,177	$	57,111
Services transferred at a point in time	14,323		12,845
Total	$	79,500	$	69,956

(a) Services transferred over time.

(b) Services transferred at a point in time.

Schedule of Contract Assets and Contract Liabilities

The following table details the changes in Peoples’ contract assets and contract liabilities for the year ended December 31, 2023:

(Dollars in thousands)	Contract Assets		Contract Liabilities
Balance, January 1, 2023	$	1,294	$	5,634
Additional income receivable	209		—
Additional deferred income	—		411
Receipt of income previously receivable	(750)		—
Recognition of income previously deferred	—		(269)
Balance, December 31, 2023	$	753	$	5,776