Accrued expenses and other liabilities

145,954

143,710

Goodwill

363,199

Other intangible assets

34,586

39,223

Other assets

157,910

171,292

Total assets

9,540,608

9,254,247

Deposits:

Non-interest-bearing

1,530,824

1,507,661

Interest-bearing

6,106,384

6,082,544

Total deposits

7,637,208

7,590,205

Short-term borrowings

396,860

193,474

Long-term borrowings

232,391

238,073

120,799

120,905

Total liabilities

8,387,258

8,142,657

Stockholders’ equity

Preferred shares, no par value, $50,000 shares authorized, no shares issued at June 30, 2025 or at December 31, 2024

0

Common shares, no par value, $50,000,000 shares authorized, $36,808,227 shares issued at June 30, 2025 and $36,782,601 shares issued at December 31, 2024, including at each date shares held in treasury

868,493

866,844

Retained earnings

406,252

388,109

Accumulated other comprehensive loss, net of deferred income taxes

(90,272)

(110,385)

Treasury stock, at cost, $1,219,408 shares at June 30, 2025 and $1,311,175 shares at December 31, 2024

(31,123)

(32,978)

Total stockholders’ equity

1,153,350

1,111,590

Total liabilities and stockholders’ equity

$ 9,540,608

$ 9,254,247

[1]	Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.
[2]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."
[3]	Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Debt securities, available-for-sale, amortized cost	$ 1,170,092,000	$ 1,229,382,000
Debt securities, held-to-maturity, fair value	$ 831,611,000	$ 692,499,000
Preferred stock, no par value (in usd per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	0	0
Common stock, no par value (in usd per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	36,808,227	36,782,601
Treasury stock (in shares)	1,219,408	1,311,175
Debt securities available for sale, allowance for credit loss	$ 0	$ 0
Debt securities held to maturity, allowance for credit loss	$ 237,000	$ 237,000

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Interest income:
Interest and fees on loans and leases	$ 108,816	$ 112,433	$ 216,118	$ 223,182
Interest and dividends on taxable investment securities	15,593	14,841	30,965	28,760
Interest on tax-exempt investment securities	960	994	1,928	1,997
Other interest income	1,038	2,502	1,938	4,424
Total interest income	126,407	130,770	250,949	258,363
Interest expense:
Interest on deposits	33,876	35,269	69,040	67,719
Interest on short-term borrowings	1,388	5,368	1,896	10,406
Interest on long-term borrowings	3,566	3,520	7,181	6,985
Total interest expense	38,830	44,157	78,117	85,110
Net interest income	87,577	86,613	172,832	173,253
Provision for credit losses	16,642	5,683	26,832	11,785
Net interest income after provision for credit losses	70,935	80,930	146,000	161,468
Non-interest income:
Insurance income	4,549	4,109	10,603	10,607
Lease income	4,189	2,147	7,635	4,163
Bank owned life insurance income	1,112	1,037	2,245	2,537
Mortgage banking income	220	243	616	564
Net loss on investment securities	0	(353)	(2)	(354)
Net loss on asset disposals and other transactions	(280)	(428)	(641)	(769)
Other non-interest income	1,478	1,141	2,950	2,059
Total non-interest income	26,880	23,704	53,979	49,483
Non-interest expense:
Salaries and employee benefit costs	38,893	36,564	78,714	75,457
Data processing and software expense	7,356	6,743	14,361	12,512
Net occupancy and equipment expense	5,690	6,142	11,302	12,425
Professional fees	3,610	2,935	6,697	5,902
Amortization of other intangible assets	2,211	2,787	4,424	5,575
Electronic banking expense	2,018	1,941	4,043	3,722
Federal Deposit Insurance Corporation ("FDIC") insurance expense	1,251	1,251	2,502	2,437
Other loan expenses	1,213	1,036	2,332	2,112
Operating lease expense	1,053	788	2,038	1,427
Marketing expense	718	681	1,621	1,737
Travel and entertainment expense	713	530	1,213	1,138
Communication expense	712	736	1,446	1,535
Franchise tax expense	678	760	1,607	1,641
Other non-interest expense	4,246	5,864	8,849	9,603
Total non-interest expense	70,362	68,758	141,149	137,223
Income before income taxes	27,453	35,876	58,830	73,728
Income tax expense	6,241	6,869	13,282	15,137
Net income	$ 21,212	$ 29,007	$ 45,548	$ 58,591
Earnings per common share - basic (in usd per share)	$ 0.60	$ 0.83	$ 1.29	$ 1.67
Earnings per common share - diluted (in usd per share)	$ 0.59	$ 0.82	$ 1.28	$ 1.66
Weighted-average number of common shares outstanding - basic (in shares)	34,972,065	34,764,489	34,934,105	34,752,419
Weighted-average number of common shares outstanding - diluted (in shares)	35,331,707	35,117,648	35,299,418	35,071,550
Cash dividends declared	$ 14,616	$ 14,197	$ 28,843	$ 27,942
Cash dividends declared per common share (in usd per share)	$ 0.41	$ 0.40	$ 0.81	$ 0.79
Electronic banking income
Non-interest income:
Revenue from contract with customer	$ 6,272	$ 6,470	$ 12,157	$ 12,516
Trust and investment income
Non-interest income:
Revenue from contract with customer	5,281	4,999	10,342	9,598
Deposit account service charges
Non-interest income:
Revenue from contract with customer	$ 4,059	$ 4,339	$ 8,074	$ 8,562

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 21,212	$ 29,007	$ 45,548	$ 58,591
Available-for-sale investment securities:
Gross unrealized holding gain (loss) arising during the period	7,408	(1,422)	27,227	(11,309)
Related tax (expense) benefit	(1,727)	236	(6,347)	2,576
Reclassification adjustment for net gain included in net income	0	353	2	354
Related tax expense	0	(82)	0	(82)
Net effect on other comprehensive income (loss)	5,681	(915)	20,882	(8,461)
Cash flow hedges:
Net (loss) gain arising during the period	(52)	373	(288)	1,526
Related tax benefit (expense)	12	(88)	67	(367)
Reclassification adjustment for net loss included in net income	(289)	(816)	(714)	(1,713)
Related tax benefit	67	193	166	412
Net effect on other comprehensive loss	(262)	(338)	(769)	(142)
Total other comprehensive income (loss), net of tax	5,419	(1,253)	20,113	(8,603)
Total comprehensive income	$ 26,631	$ 27,754	$ 65,661	$ 49,988

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance at Dec. 31, 2023	$ 1,053,534	$ 865,227	$ 327,237	$ (101,590)	$ (37,340)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	58,591		58,591
Other comprehensive income (loss), net of tax	(8,603)
Other comprehensive loss, excluding pension settlement, net of tax	(8,603)			(8,603)
Cash dividends declared	(27,942)		(27,942)
Reissuance of treasury stock for common share awards	0	(6,598)			6,598
Reissuance of treasury stock for deferred compensation plan for Boards of Directors	342				342
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(1,051)				(1,051)
Common shares repurchased under share repurchase program	(3,000)				(3,000)
Common shares issued under dividend reinvestment plan	874	874
Common shares issued under compensation plan for Boards of Directors	261	42			219
Common shares issued under employee stock purchase plan	491	94			397
Stock-based compensation	4,336	4,336
Ending balance at Jun. 30, 2024	1,077,833	863,975	357,886	(110,193)	(33,835)
Beginning balance at Mar. 31, 2024	1,062,002	861,925	343,076	(108,940)	(34,059)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,007		29,007
Other comprehensive income (loss), net of tax	(1,253)			(1,253)
Cash dividends declared	(14,197)		(14,197)
Reissuance of treasury stock for common share awards	0	264			(264)
Reissuance of treasury stock for deferred compensation plan for Boards of Directors	342				342
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(182)				(182)
Common shares issued under dividend reinvestment plan	419	419
Common shares issued under compensation plan for Boards of Directors	123	21			102
Common shares issued under employee stock purchase plan	260	34			226
Stock-based compensation	1,312	1,312
Ending balance at Jun. 30, 2024	1,077,833	863,975	357,886	(110,193)	(33,835)
Beginning balance at Dec. 31, 2024	1,111,590	866,844	388,109	(110,385)	(32,978)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	45,548		45,548
Other comprehensive income (loss), net of tax	20,113			20,113
Cash dividends declared	(28,843)		(28,843)
Reissuance of treasury stock for common share awards	0	(3,399)			3,399
Reissuance of treasury stock for deferred compensation plan for Boards of Directors	369				369
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(2,123)				(2,123)
Common shares repurchased under share repurchase program	(455)				(455)
Common shares issued under dividend reinvestment plan	1,037	1,037
Common shares issued under compensation plan for Boards of Directors	247	39			208
Common shares issued under employee stock purchase plan	541	84			457
Stock-based compensation	3,888	3,888
Other	1,438		1,438
Ending balance at Jun. 30, 2025	1,153,350	868,493	406,252	(90,272)	(31,123)
Beginning balance at Mar. 31, 2025	1,137,821	866,416	398,218	(95,691)	(31,122)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,212		21,212
Other comprehensive income (loss), net of tax	5,419			5,419
Cash dividends declared	(14,616)		(14,616)
Reissuance of treasury stock for common share awards	0	(145)			145
Reissuance of treasury stock for deferred compensation plan for Boards of Directors	369				369
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(369)				(369)
Common shares repurchased under share repurchase program	(455)				(455)
Common shares issued under dividend reinvestment plan	702	702
Common shares issued under compensation plan for Boards of Directors	131	22			109
Common shares issued under employee stock purchase plan	240	40			200
Stock-based compensation	1,458	1,458
Other	1,438		1,438
Ending balance at Jun. 30, 2025	$ 1,153,350	$ 868,493	$ 406,252	$ (90,272)	$ (31,123)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 84,984	$ 69,123
Available-for-sale investment securities:
Purchases	0	(147,734)
Proceeds from sales	967	0
Proceeds from principal payments, calls and prepayments	57,813	64,356
Held-to-maturity investment securities:
Purchases	(180,880)	(37,120)
Proceeds from principal payments	56,165	18,812
Other investments:
Purchases	(23,211)	(18,327)
Proceeds from sales	16,060	19,312
Net increase in loans held for investment	(252,796)	(164,489)
Net expenditures for premises and equipment	(4,216)	(5,759)
Proceeds from sales of other real estate owned	187	0
Proceeds from bank owned life insurance contracts	0	486
Investment in limited partnership and tax credit funds	0	(2,919)
Other	(1,053)	0
Net cash used in investing activities	(330,964)	(273,382)
Financing activities:
Net increase (decrease) in non-interest-bearing deposits	23,163	(94,952)
Net increase in interest-bearing deposits	23,453	240,446
Net increase (decrease) in short-term borrowings	203,386	(118,388)
Proceeds from long-term borrowings	5,989	35,561
Payments on long-term borrowings	(12,177)	(18,171)
Cash dividends paid	(28,843)	(27,942)
Purchase of treasury stock under share repurchase program	(455)	(3,000)
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock	(2,123)	(1,051)
Proceeds from issuance of common shares	991	850
Other	1,007	55
Net cash provided by financing activities	214,391	13,408
Net decrease in cash and cash equivalents	(31,589)	(190,851)
Cash and cash equivalents at beginning of period	217,664	426,722	$ 426,722
Cash and cash equivalents at end of period	186,075	235,871	217,664
Supplemental cash flow information:
Interest paid	75,709	76,909
Income taxes paid	9,150	20,383
Supplemental noncash disclosures:
Transfers from total loans to other real estate owned	0	235
Noncash recognition of new leases	$ 481	$ 621	$ 1,660

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2025
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation: The accompanying Unaudited Condensed Consolidated Financial Statements of Peoples Bancorp Inc. and its subsidiaries ("Peoples" refers to Peoples Bancorp Inc. and its consolidated subsidiaries collectively, except where the context indicates the reference relates solely to Peoples Bancorp Inc.) have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP") for interim financial information and the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not contain all of the information and footnotes required by US GAAP for annual financial statements and should be read in conjunction with Peoples’ Annual Report on Form 10-K for the fiscal year ended December 31, 2024 ("Peoples' 2024 Form 10-K"). The accounting and reporting policies followed in the presentation of the accompanying Unaudited Condensed Consolidated Financial Statements are consistent with those described in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples’ 2024 Form 10-K, as updated by the information contained in this Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 (this "Form 10-Q"). Management has evaluated all significant events and transactions that occurred after June 30, 2025 for potential recognition or disclosure in these Unaudited Condensed Consolidated Financial Statements. In the opinion of management, these Unaudited Condensed Consolidated Financial Statements reflect all adjustments necessary to present fairly such information for the periods and at the dates indicated. Such adjustments are normal and recurring in nature. Certain items in prior financial statements have been reclassified to conform to the current presentation, which had no impact on net income, total comprehensive income, net cash provided by operating, financing, or investing activities or total stockholders’ equity. The impact of such changes are not considered material to Peoples' financial statements. Intercompany accounts and transactions have been eliminated. The Consolidated Balance Sheet at December 31, 2024, contained herein, has been derived from the audited Consolidated Balance Sheet included in Peoples’ 2024 Form 10-K. The preparation of the condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year, due in part to seasonal variations and unusual or infrequently occurring items. Operating Segments: As a community banking entity, Peoples offers its customers a full range of products including a complete line of banking, leasing, insurance, investment and trust solutions. Peoples’ business activities are currently confined to a single reportable operating segment, which is community banking. Peoples’ single operating segment was determined based on the similar economic characteristics shared by the components of community banking. Peoples’ chief operating decision maker (“CODM”) is composed of its President and Chief Executive Officer, and its Chief Financial Officer. Peoples’ CODM considers all components of consolidated interest income, interest expense, non-interest income, and non-interest expense as presented in Peoples’ Consolidated Statements of Operations for the purposes of assessing performance of Peoples’ single reportable segment and allocating resources within its reportable segment. The CODM does not review segment revenue or expense information at a lower level than what is included in Peoples’ Consolidated Statements of Operations. New Accounting Pronouncements: From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other standard setting bodies that are adopted by Peoples as of the required effective dates. Refer to "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples’ 2024 Form 10-K for the impact of recently issued standards impacting Peoples. Unless otherwise discussed, management believes the impact of any recently issued standards, including those issued but not yet effective, will not have a material impact on Peoples' financial statements taken as a whole.

Fair Value of Assets and Liabilities

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

Fair value represents the amount expected to be received to sell an asset or paid to transfer a liability in its principal or most advantageous market in an orderly transaction between market participants at the measurement date. In accordance with fair value accounting guidance, Peoples measures, records and reports various types of assets and liabilities at fair value on either a recurring or a non-recurring basis in the Unaudited Condensed Consolidated Financial Statements. Those assets and liabilities are presented below in the sections entitled “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis” and “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis.”

Depending on the nature of the asset or the liability, Peoples uses various valuation methodologies and assumptions to estimate fair value. The measurement of fair value under US GAAP uses a hierarchy, which is described in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples' 2024 Form 10-K.

Assets and liabilities are assigned to a level within the fair value hierarchy based on the lowest level of significant input used to measure fair value. Assets and liabilities may change levels within the fair value hierarchy due to market conditions or other

circumstances. Those transfers are recognized on the date of the event that prompted the transfer. There were no transfers of assets or liabilities required to be measured at fair value on a recurring basis between levels of the fair value hierarchy during the periods presented.

Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis

The following table provides the fair value for assets and liabilities required to be measured and reported at fair value on a recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy.


	Recurring Fair Value Measurements at Reporting Date
	June 30, 2025				December 31, 2024
(Dollars in thousands)	Level 1		Level 2			Level 1		Level 2

Assets:
Available-for-sale investment securities:
Obligations of:
U.S. Treasury and government agencies	$	13,880	$	—		$	15,196	$	—
U.S. government sponsored agencies	—		210,856			—		209,083
States and political subdivisions	—		193,363			—		196,301
Residential mortgage-backed securities	—		576,541			—		601,802
Commercial mortgage-backed securities	—		52,699			—		55,065
Bank-issued trust preferred securities	—		4,158			—		6,108

Total available-for-sale securities	$	13,880	$	1,037,617		$	15,196	$	1,068,359
Equity investment securities (a)	194		245			197		244
Nonqualified deferred compensation (a) (b)	5,703		—			4,898		—
Derivative assets (c)	—		11,452			—		18,743
Liabilities:
Derivative liabilities (d)	$	—	$	10,658		$	—	$	17,046

(a) Included in "Other investments" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 3 Investment Securities" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(b) Investments in the nonqualified deferred compensation plan consist of mutual funds.

(c) Included in "Other assets" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(d) Included in "Accrued expenses and other liabilities" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

Available-for-Sale Investment Securities: The fair values used by Peoples are obtained from an independent pricing service and represent either quoted market prices for the identical securities (Level 1) or fair values determined by pricing models using a market approach that considers observable market data, such as interest rate volatility, secured overnight funding rate ("SOFR") (or other relevant) yield curves, credit spreads, and prices from market makers and live trading systems (Level 2). Management reviews the valuation methodology and quality controls utilized by the pricing services or broker in management's overall assessment of the reasonableness of the fair values provided, and challenges prices when management believes a material discrepancy in pricing exists.

Equity Investment Securities: The fair values of Peoples' equity investment securities are obtained from quoted prices in active exchange markets for identical assets or liabilities (Level 1) or quoted prices in less active markets (Level 2).

Nonqualified deferred compensation: The underlying assets relating to the nonqualified deferred compensation plan are included in a trust and primarily consist of cash and exchange traded mutual funds, which values are based on market prices (Level 1).

Derivative Assets and Derivative Liabilities: The fair values for derivative financial instruments are determined based on third-party models, which leverage current market interest rates, broker-dealer quotations on similar products, or other related input parameters (Level 2).

Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis

The following table provides the fair value for each class of assets and liabilities required to be measured and reported at fair value on a non-recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy at June 30, 2025 and December 31, 2024.


	Non-Recurring Fair Value Measurements at Reporting Date
	June 30, 2025				December 31, 2024
(Dollars in thousands)	Level 2		Level 3		Level 2		Level 3

Assets:
Collateral dependent loans	$	—	$	7,097	$	—	$	4,375
Loans held for sale (a)	1,043		—		1,499		—
Other real estate owned	—		—		—		5,891

(a) Loans held for sale are presented gross of a valuation allowance of $80 and $166 at June 30, 2025 and at December 31, 2024, respectively.

Collateral Dependent Loans: Loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty, are considered collateral dependent. Peoples utilizes outside third-party appraisal services to value the underlying collateral, which Peoples then uses to report the loans at their fair value (Level 3).

Loans Held for Sale: Loans originated and intended to be sold in the secondary market, generally one-to-four family residential loans, are carried, in aggregate, at the lower of cost or estimated fair value. Peoples uses a valuation model using quoted market prices of similar instruments in arriving at the fair value (Level 2).

Other Real Estate Owned ("OREO"): OREO, included in "Other assets" on the Unaudited Consolidated Balance Sheets, is comprised primarily of commercial and residential real estate properties acquired by Peoples in satisfaction of a loan. OREO obtained in satisfaction of a loan is recorded at the lower of cost or estimated fair value, less estimated costs to sell the property. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is based on recent real estate appraisals and is updated at least annually. These appraisals may utilize a single valuation approach or a combination of approaches, including the comparable sales approach and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available (Level 3).

Financial Instruments Not Required to be Measured or Reported at Fair Value

The following table provides the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Unaudited Consolidated Balance Sheets.


	Fair Value Measurements of Other Financial Instruments
(Dollars in thousands)	Fair Value Hierarchy Level	June 30, 2025				December 31, 2024
		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Assets:
Cash and cash equivalents	1	$	186,075	186,075		$	217,664	$	217,664




Held-to-maturity investment securities:
Obligations of:
U.S. government sponsored agencies	2	299,183		291,290		233,302		223,294
States and political subdivisions (a)	2	142,319		112,450		142,691		110,848
Residential mortgage-backed securities	2	360,559		343,904		300,290		276,278
Commercial mortgage-backed securities	2	98,195		83,967		98,754		82,079

Total held-to-maturity securities		900,256		831,611		775,037		692,499


Other investments:
Other investments at cost:
Federal Home Loan Bank ("FHLB") stock	3	30,501		30,501		24,606		24,606
Federal Reserve Bank ("FRB") stock	3	27,114		27,114		27,114		27,114
Other investments (b)	3	3,780		3,780		3,073		3,073

Total other investments at cost		61,395		61,395		54,793		54,793





Loans and leases, net of deferred fees and costs (c)	3	6,601,589		6,553,043		6,358,003		6,240,751
Bank owned life insurance	2	145,954		145,954		143,710		143,710
Liabilities:
Deposits	2	$	7,637,208	$	6,702,960	$	7,590,205	$	6,713,360
Short-term borrowings	2	396,860		411,558		193,474		192,964
Long-term borrowings	2	232,391		240,997		238,073		258,195

(a) Obligations of states and political subdivisions are presented gross of an allowance for credit losses of $237 at both June 30, 2025 and December 31, 2024.

(b) "Other investments", as reported on the Unaudited Consolidated Balance Sheets, also included equity investment securities at June 30, 2025

and at December 31, 2024, which are reported in the "Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis"

table above and not included in this table.

(c) Loans and leases, net of deferred fees and costs, are presented gross of an allowance for credit losses of $74.7 million and $63.3 million at June 30, 2025 and at December 31, 2024, respectively.

For certain financial assets and liabilities, carrying value approximates fair value due to the nature of the financial instrument. These financial instruments include cash and cash equivalents and overnight borrowings. Peoples used the following methods and assumptions in estimating the fair value of the following financial instruments:

Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, balances due from other banks, interest-bearing deposits in other banks, federal funds sold and other short-term investments with original maturities of 90 days or less. The carrying amount for cash and cash equivalents balances are a reasonable estimate of fair value (Level 1).

Held-to-Maturity Investment Securities: The fair values used by Peoples are obtained from an independent pricing service and represent fair values determined by pricing models using a market approach that considers observable market data, such as interest rate volatility, relevant yield curves, credit spreads and prices from market makers and live trading systems (Level 2). Management reviews the valuation methodology and quality controls utilized by the pricing services in management's overall assessment of the reasonableness of the fair values provided, and challenges prices when management believes a material discrepancy in pricing exists.

Other Investments: FHLB and FRB stock are both recorded at historical cost. Other investments are otherwise primarily comprised of investments accounted for under the cost method due to the level of control Peoples exercises over the investee. These investments are not actively traded in an open market as sales for these types of investments are rare (Level 3).

Loans and Leases, Net of Deferred Fees and Costs: The fair value of portfolio loans and leases assumes sale of the underlying notes to a third-party financial investor. Accordingly, this value is not necessarily the value to Peoples if the notes were held to maturity. Peoples considers interest rate, credit and market factors in estimating the fair value of loans and leases (Level 3). Fair values for loans and leases are estimated using a discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans and leases with similar terms, the credit risk associated with the loans and leases and other market factors, including liquidity.

Bank Owned Life Insurance: Peoples' bank owned life insurance policies are recorded at their cash surrender value, which approximates fair value (Level 2). Peoples recognizes tax-exempt income from the periodic increases in the cash surrender value of these policies and from death benefits.

Deposits: The fair value of fixed-maturity certificates of deposit ("CDs") is estimated using a discounted cash flow calculation based on current rates offered for deposits of similar remaining maturities. Demand and other non-fixed-maturity deposits are estimated using a discounted cash flow calculation based on maturity, attrition and re-pricing assumptions (Level 2).

Short-term Borrowings: The fair value of short-term borrowings is estimated using a discounted cash flow analysis based on rates currently available to Peoples for borrowings with similar terms (Level 2).

Long-term Borrowings: The fair value of long-term borrowings is estimated using a discounted cash flow analysis based on rates currently available to Peoples for borrowings with similar terms (Level 2).

Certain financial assets and financial liabilities that are not required to be measured or reported at fair value can be subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). These financial assets and financial liabilities include the following: customer relationships, the deposit base, and other information required to compute Peoples’ aggregate fair value, which are not included in the above information. Accordingly, the fair values described above are not intended to represent the aggregate fair value of Peoples.

Investment Securities

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Available-for-sale

The following table summarizes Peoples' available-for-sale investment securities:


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2025
Obligations of:
U.S. Treasury and government agencies	$	13,716	$	180	$	(16)	$	13,880
U.S. government sponsored agencies	220,999		220		(10,363)		210,856
States and political subdivisions	220,234		51		(26,922)		193,363
Residential mortgage-backed securities	650,746		1,942		(76,147)		576,541
Commercial mortgage-backed securities	59,897		1		(7,199)		52,699
Bank-issued trust preferred securities	4,500		4		(346)		4,158

Total available-for-sale securities	$	1,170,092	$	2,398	$	(120,993)	$	1,051,497
December 31, 2024
Obligations of:
U.S. Treasury and government agencies	$	15,317	$	87	$	(208)	$	15,196
U.S. government sponsored agencies	224,167		53		(15,137)		209,083
States and political subdivisions	225,074		16		(28,789)		196,301
Residential mortgage-backed securities	693,886		1,391		(93,475)		601,802
Commercial mortgage-backed securities	64,438		36		(9,409)		55,065
Bank-issued trust preferred securities	6,500		—		(392)		6,108

Total available-for-sale securities	$	1,229,382	$	1,583	$	(147,410)	$	1,083,555

The gross gains and losses realized by Peoples from sales or prepayments of available-for-sale securities for the periods ended June 30 were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Gross gains realized	$	—	$	—	$	25	$	—
Gross losses realized	—		(353)		(27)		(354)
Net loss realized	$	—	$	(353)	$	(2)	$	(354)

The cost of investment securities sold, and any resulting gain or loss, were based on the specific identification method and recognized as of the trade date.

The following table presents a summary of available-for-sale investment securities that have been in a continuous unrealized loss position for the periods identified:


	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss
June 30, 2025
Obligations of:
U.S. Treasury and government agencies	$	983	$	5	4	$	1,578	$	11	7	$	2,561	$	16
U.S. government sponsored agencies	106,894		3,443		24	72,437		6,920		13	179,331		10,363
States and political subdivisions	17,399		1,056		34	164,776		25,866		151	182,175		26,922
Residential mortgage-backed securities	57,009		1,117		42	463,844		75,030		252	520,853		76,147
Commercial mortgage-backed securities	8,210		58		7	44,367		7,141		23	52,577		7,199
Bank-issued trust preferred securities	—		—		—	3,653		346		2	3,653		346

Total	$	190,495	$	5,679	111	$	750,655	$	115,314	448	$	941,150	$	120,993
December 31, 2024
Obligations of:
U.S. Treasury and government agencies	$	10,003	$	174	11	$	2,299	$	34	10	$	12,302	$	208
U.S. government sponsored agencies	130,518		5,816		27	70,982		9,321		13	201,500		15,137
States and political subdivisions	28,400		1,188		55	160,210		27,601		138	188,610		28,789
Residential mortgage-backed securities	85,043		2,300		69	482,609		91,175		256	567,652		93,475
Commercial mortgage-backed securities	2,868		93		5	46,619		9,316		24	49,487		9,409
Bank-issued trust preferred securities	493		7		1	5,614		385		3	6,107		392

Total	$	257,325	$	9,578	168	$	768,333	$	137,832	444	$	1,025,658	$	147,410

Management evaluates available-for-sale investment securities for an allowance for credit losses on a quarterly basis. At June 30, 2025, management concluded that no individual securities at an unrealized loss position required an allowance for credit losses. At June 30, 2025, Peoples did not have the intent to sell, nor was it more likely than not that Peoples would be required to sell, any of the securities with an unrealized loss prior to recovery. Further, the unrealized losses at both June 30, 2025 and December 31, 2024 were attributable to changes in market interest rates and spreads since the securities were purchased, and were not credit-related losses.

The unrealized loss with respect to the two bank-issued trust preferred securities that had been in an unrealized loss position for 12 months or more at June 30, 2025 was attributable to the subordinated nature of the trust preferred securities.

The table below presents the amortized cost, fair value and total weighted-average yield of available-for-sale securities by contractual maturity at June 30, 2025. The weighted-average yields are based on the amortized cost. In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.


(Dollars in thousands)	Within 1 Year			1 to 5 Years			5 to 10 Years			Over 10 Years			Total
Amortized cost
Obligations of:
U.S. Treasury and government agencies	$	588		$	1,274		$	6,463		$	5,391		$	13,716
U.S. government sponsored agencies	1,493			67,703			73,898			77,905			220,999
States and political subdivisions	7,946			38,885			79,331			94,072			220,234
Residential mortgage-backed securities	19			3,719			49,248			597,760			650,746
Commercial mortgage-backed securities	995			9,912			25,976			23,014			59,897
Bank-issued trust preferred securities	—			1,500			3,000			—			4,500

Total available-for-sale securities	$	11,041		$	122,993		$	237,916		$	798,142		$	1,170,092
Fair value
Obligations of:
U.S. Treasury and government agencies	$	587		$	1,276		$	6,614		$	5,403		$	13,880
U.S. government sponsored agencies	1,465			63,622			71,188			74,581			210,856
States and political subdivisions	7,878			37,138			68,785			79,562			193,363
Residential mortgage-backed securities	19			3,654			46,348			526,520			576,541
Commercial mortgage-backed securities	994			9,298			22,706			19,701			52,699
Bank-issued trust preferred securities	—			1,467			2,691			—			4,158

Total available-for-sale securities	$	10,943		$	116,455		$	218,332		$	705,767		$	1,051,497
Total weighted-average yield	2.81		%	2.00		%	2.87		%	2.76		%	2.70		%

Held-to-maturity

The following table summarizes Peoples’ held-to-maturity investment securities:


(Dollars in thousands)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2025
Obligations of:
U.S. government sponsored agencies	$	299,183	$	—	$	468	$	(8,361)	$	291,290
States and political subdivisions	142,319		(237)		109		(29,741)		112,450
Residential mortgage-backed securities	360,559		—		1,703		(18,358)		343,904
Commercial mortgage-backed securities	98,195		—		—		(14,228)		83,967
Total held-to-maturity investment securities	$	900,256	$	(237)	$	2,280	$	(70,688)	$	831,611
December 31, 2024
Obligations of:
U.S. government sponsored agencies	$	233,302	$	—	$	219	$	(10,227)	$	223,294
States and political subdivisions	142,691		(237)		110		(31,716)		110,848
Residential mortgage-backed securities	300,290		—		281		(24,293)		276,278
Commercial mortgage-backed securities	98,754		—		—		(16,675)		82,079
Total held-to-maturity investment securities	$	775,037	$	(237)	$	610	$	(82,911)	$	692,499

There were no sales of held-to-maturity investment securities during the periods ended June 30, 2025 or December 31, 2024.

Management evaluates held-to-maturity investment securities for an allowance for credit losses on a quarterly basis. The majority of People's held-to maturity investment securities are mortgage-backed securities, for which an allowance for credit losses was not recorded. Peoples calculated the allowance for credit losses for state and political subdivisions using cumulative default rate averages for municipal securities. Peoples reported $0.2 million of allowance for credit losses for held-to-maturity securities at both June 30, 2025, and December 31, 2024.

The following table presents a summary of held-to-maturity investment securities that had been in a continuous unrealized loss position for the periods identified:


	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss
June 30, 2025
Obligations of:
U.S. government sponsored agencies	$	137,853	$	1,552	25	$	37,108	$	6,809	10	$	174,961	$	8,361
States and political subdivisions	895		107		1	108,382		29,634		66	109,277		29,741
Residential mortgage-backed securities	58,212		988		11	129,811		17,370		43	188,023		18,358
Commercial mortgage-backed securities	6,779		99		2	75,188		14,129		32	81,967		14,228
Total	$	203,739	$	2,746	39	$	350,489	$	67,942	151	$	554,228	$	70,688
December 31, 2024
Obligations of:
U.S. government sponsored agencies	$	150,390	$	2,464	29	$	38,901	$	7,763	11	$	189,291	$	10,227
States and political subdivisions	957		44		1	106,716		31,672		66	107,673		31,716
Residential mortgage-backed securities	116,576		2,808		27	130,556		21,485		43	247,132		24,293
Commercial mortgage-backed securities	9,603		1,381		5	70,476		15,294		29	80,079		16,675
Total	$	277,526	$	6,697	62	$	346,649	$	76,214	149	$	624,175	$	82,911

The table below presents the amortized cost, fair value and total weighted-average yield of held-to-maturity investment securities by contractual maturity at June 30, 2025. The weighted-average yields are based on the amortized cost and are computed on a fully taxable-equivalent basis using a federal statutory corporate income tax rate of 21% at June 30, 2025. In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.


(Dollars in thousands)	Within 1 Year		1 to 5 Years		5 to 10 Years		Over 10 Years		Total
Amortized cost
Obligations of:
U.S. government sponsored agencies	$	2,926	$	5,691	$	153,914	$	136,652	$	299,183
States and political subdivisions	2,799		6,580		23,210		109,730		142,319
Residential mortgage-backed securities	94		—		3,703		356,762		360,559
Commercial mortgage-backed securities	2,000		10,770		34,068		51,357		98,195
Total held-to-maturity investment securities	$	7,819	$	23,041	$	214,895	$	654,501	$	900,256
Fair value
Obligations of:
U.S. government sponsored agencies	$	2,864	$	5,368	$	153,667	$	129,391	$	291,290
States and political subdivisions	2,793		6,327		19,173		84,157		112,450
Residential mortgage-backed securities	93		—		3,352		340,459		343,904
Commercial mortgage-backed securities	2,000		10,004		30,031		41,932		83,967
Total held-to-maturity investment securities	$	7,750	$	21,699	$	206,223	$	595,939	$	831,611
Total weighted-average yield	1.91%		1.90%		4.15%		4.02%		3.98%

Other Investments

Peoples' other investments on the Unaudited Consolidated Balance Sheets consist largely of shares of FHLB stock and of FRB stock.

The following table summarizes the carrying value of Peoples' other investments:


(Dollars in thousands)	June 30, 2025		December 31, 2024
FHLB stock	$	30,501	$	24,606
FRB stock	27,114		27,114
Nonqualified deferred compensation	5,703		4,898
Equity investment securities	3,351		2,645
Other investments	869		869
Total other investments	$	67,538	$	60,132

During the six months ended June 30, 2025, Peoples redeemed $15.6 million of FHLB stock in order to be in compliance with the requirements of the FHLB. Peoples purchased $21.5 million of additional FHLB stock during the six months ended June 30, 2025, as a result of the FHLB's capital requirements on FHLB advances.

For the three months ended June 30, 2025 and 2024, Peoples recorded the change in the fair value of equity investment securities held during the period in "Other non-interest income", resulting in unrealized gains of $7,000 and $21,000, respectively. For the six months ended June 30, 2025 and 2024, Peoples recognized an unrealized loss of $2,000 and an unrealized gain of $68,000, respectively, for the change in fair value of equity investment securities in "Other non-interest income."

At June 30, 2025, Peoples' investment in equity investment securities was comprised largely of common stocks issued by various unrelated bank holding companies. There were no equity investment securities of a single issuer that exceeded 10% of Peoples' stockholders' equity at June 30, 2025.

Pledged Securities

Peoples has pledged available-for-sale investment securities and held-to-maturity investment securities to secure public and trust department deposits, and repurchase agreements in accordance with federal and state requirements. Peoples has also pledged available-for-sale investment securities to secure additional borrowing capacity at the FHLB and the FRB.

The following table summarizes the carrying amount of Peoples' pledged securities:


	Carrying Amount
(Dollars in thousands)	June 30, 2025		December 31, 2024

Securing public and trust department deposits, and repurchase agreements:
Available-for-sale	$	491,562	$	505,963
Held-to-maturity	614,012		563,014



Securing additional borrowing capacity at the FHLB and the FRB:
Available-for-sale	3,050		3,119
Held-to-maturity	1,200		1,215

Accrued Interest

Accrued interest receivable is not included in investment securities balances, and is presented in the “Other assets” line of the Unaudited Consolidated Balance Sheets, with no recorded allowance for credit losses. Interest receivable on investment securities was $9.7 million at June 30, 2025 and $9.9 million at December 31, 2024.

Loans and Leases

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Loans and Leases

Peoples' loan portfolio consists of various types of loans and leases originated primarily as a result of lending opportunities within Peoples' footprint. Peoples also originates insurance premium finance loans nationwide through its Peoples Premium Finance division, and originates leases nationwide through its North Star Leasing ("NSL") division and its Vantage Financial, LLC ("Vantage") subsidiary.

The major classifications of loan balances (in each case, net of deferred fees and costs) excluding loans held for sale, were as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Construction	$	341,313	$	328,388
Commercial real estate, other	2,248,214		2,156,013
Commercial and industrial	1,407,382		1,347,645
Premium finance	277,622		269,435
Leases	400,052		406,598
Residential real estate	877,968		835,101
Home equity lines of credit	241,785		232,661
Consumer, indirect	692,674		669,857
Consumer, direct	113,615		111,052
Deposit account overdrafts	964		1,253
Total loans, at amortized cost	$	6,601,589	$	6,358,003

The table above includes net deferred loan origination costs of $19.7 million and $20.2 million at June 30, 2025 and at December 31, 2024, respectively. The remaining unamortized net discount included in the amortized cost of loans and leases was $12.9 million and $19.5 million at June 30, 2025 and at December 31, 2024, respectively.

Accrued interest receivable is not included within the loan balances, but is presented in the “Other assets” line of the Unaudited Consolidated Balance Sheets, with no recorded allowance for credit losses. Total interest receivable on loans was $22.7 million at June 30, 2025 and $23.1 million at December 31, 2024.

Nonaccrual and Past Due Loans

A loan is considered past due if any required principal and interest payments have not been received as of the date such payments were required to be made under the terms of the loan agreement. A loan may be placed on nonaccrual status regardless of whether or not such loan is considered past due.

The amortized cost of loans on nonaccrual status and of loans delinquent for 90 days or more and accruing was as follows:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Nonaccrual (a)		Accruing Loans 90+ Days Past Due		Nonaccrual (a)		Accruing Loans 90+ Days Past Due

Commercial real estate, other	4,824		494		7,136		227
Commercial and industrial	5,514		36		6,809		78
Premium finance	—		3,533		—		4,947
Leases	11,907		547		8,850		803
Residential real estate	8,028		1,192		7,329		2,166
Home equity lines of credit	1,339		108		1,498		213
Consumer, indirect	2,697		98		2,374		159
Consumer, direct	176		118		133		44
Total loans, at amortized cost	$	34,485	$	6,126	$	34,129	$	8,637

(a) There were $0.0 million and $5.7 million of nonaccrual loans for which there was no allowance for credit losses at June 30, 2025 and at December 31, 2024, respectively.

During the first six months of 2025, nonaccrual loans increased slightly compared to at December 31, 2024, which was primarily due to an uptick in the volume of leases placed on nonaccrual during the first six months, partially offset by decreases in commercial real estate and commercial and industrial loans. The decrease in accruing loans 90+ days past due at June 30, 2025, when compared to at December 31, 2024, was primarily due to reductions in accruing 90+ days past due premium finance loans and residential real estate loans of $1.4 million and $1.0 million, respectively. The delinquent premium finance loans carry low credit risk, due to the ability to cancel premiums and recover the majority of the receivable from the insurer.

The following table presents the aging of the amortized cost of past due loans:


	Loans Past Due								Current Loans		Total Loans
(Dollars in thousands)	30 - 59 days		60 - 89 days		90 + Days		Total
June 30, 2025
Construction	$	—	$	—	$	—	$	—	$	341,313	$	341,313
Commercial real estate, other	1,762		471		2,767		5,000		2,243,214		2,248,214
Commercial and industrial	1,814		5,058		3,189		10,061		1,397,321		1,407,382
Premium finance	1,921		1,227		3,533		6,681		270,941		277,622
Leases	2,595		3,178		12,150		17,923		382,129		400,052
Residential real estate	1,881		2,746		4,169		8,796		869,172		877,968
Home equity lines of credit	1,697		362		687		2,746		239,039		241,785
Consumer, indirect	5,770		1,228		1,228		8,226		684,448		692,674
Consumer, direct	523		170		196		889		112,726		113,615
Deposit account overdrafts	—		—		—		—		964		964
Total loans, at amortized cost	$	17,963	$	14,440	$	27,919	$	60,322	$	6,541,267	$	6,601,589
December 31, 2024
Construction	$	—	$	—	$	—	$	—	$	328,388	$	328,388
Commercial real estate, other	1,300		1,585		6,008		8,893		2,147,120		2,156,013
Commercial and industrial	1,651		583		4,551		6,785		1,340,860		1,347,645
Premium finance	3,863		456		4,947		9,266		260,169		269,435
Leases	10,941		5,241		9,575		25,757		380,841		406,598
Residential real estate	11,481		3,038		5,271		19,790		815,311		835,101
Home equity lines of credit	1,473		317		1,093		2,883		229,778		232,661
Consumer, indirect	7,568		1,522		1,326		10,416		659,441		669,857
Consumer, direct	884		113		138		1,135		109,917		111,052
Deposit account overdrafts	—		—		—		—		1,253		1,253
Total loans, at amortized cost	$	39,161	$	12,855	$	32,909	$	84,925	$	6,273,078	$	6,358,003

Delinquency trends improved slightly, as 99.1% of Peoples' loan portfolio was considered “current” at June 30, 2025, compared to 98.7% at December 31, 2024.

Pledged Loans

Peoples has pledged certain loans secured by one-to-four family and multifamily residential mortgages, home equity lines of credit and commercial real estate loans under a blanket collateral agreement to secure borrowings from the FHLB. Peoples also has pledged eligible commercial and industrial loans to secure borrowings with the FRB. Loans pledged are summarized as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Loans pledged to FHLB	$	1,221,706	$	1,218,496
Loans pledged to FRB	497,496		527,989

Credit Quality Indicators

As discussed in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples' 2024 Form 10-K, Peoples categorizes the majority of its loans into risk categories based upon an established risk grading matrix using a scale of 1 to 8. Loan grades are assigned at the time a new loan or lending commitment is extended by Peoples and may be changed at any time when circumstances warrant. Commercial loans to borrowers with an aggregate unpaid principal balance in excess of $1.0 million are reviewed at least on an annual basis for possible credit deterioration. Commercial leases, as well as loan relationships whose aggregate credit exposure to Peoples is equal to or less than $1.0 million, are reviewed on an event driven basis. Triggers for review include knowledge of adverse events affecting the borrower's business, receipt of financial statements

indicating deteriorating credit quality or other similar events. Adversely classified loans are reviewed on a quarterly basis. A description of the general characteristics of the risk grades used by Peoples, follows:

“Pass” (grades 1 through 4): Loans in this risk category involve borrowers of acceptable-to-strong credit quality and risk who have the apparent ability to satisfy their loan obligations. Loans in this risk category would possess sufficient mitigating factors, such as adequate collateral or strong guarantors possessing the capacity to repay the loan if required, for any weakness that may exist.

“Special Mention” (grade 5): Loans in this risk grade are the equivalent of the regulatory definition of “Other Assets Especially Mentioned.” Loans in this risk category possess some credit deficiency or potential weakness, which requires a high level of management attention. Potential weaknesses include declining trends in operating earnings and cash flows and/or reliance on a secondary source of repayment. If left uncorrected, these potential weaknesses may result in noticeable deterioration of the repayment prospects for the loan or in Peoples' credit position.

“Substandard” (grade 6): Loans in this risk grade are inadequately protected by the borrower's current financial condition and payment capability or the collateral pledged, if any. Loans so classified have one or more well-defined weaknesses that jeopardize the orderly repayment of the loans. They are characterized by the distinct possibility that Peoples will sustain some loss if the weaknesses are not corrected.

“Doubtful” (grade 7): Loans in this risk grade have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, classification of each of these loans as an estimated loss is deferred until its more exact status may be determined.

“Loss” (grade 8): Loans in this risk grade are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean a loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Charge-offs against the allowance for credit losses are taken during the period in which the loan becomes uncollectible. Consequently, Peoples typically does not maintain a recorded investment in loans within this category.

Consumer loans and other smaller-balance loans are evaluated and categorized as "substandard," "doubtful" or "loss" based upon the regulatory definition of these classes and consistent with regulatory requirements. Leases are categorized as "special mention", "substandard", "doubtful", or "loss" based upon delinquency status and the prospect of collecting the remaining net investment balance owed under the lease. All other loans not evaluated individually, nor meeting the regulatory conditions to be categorized as described above, would be considered as being "not rated."

The following table summarizes the risk category of loans within Peoples' loan portfolio, including acquired loans, based upon the most recent analysis performed at June 30, 2025:



	Term Loans at Amortized Cost by Origination Year														Revolving Loans Converted to Term
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans				Total Loans
Construction
Pass	$	27,127	$	111,863	$	153,579	$	34,756	$	6,531	$	4,812	$	—	$	512	$	338,668

Substandard	—		—		1,137		1,508		—		—		—		—		2,645


Total	27,127		111,863		154,716		36,264		6,531		4,812		—		512		341,313
Current period gross charge-offs (a)	—		—		—		—		—		—						—
Commercial real estate, other
Pass	164,160		146,985		303,272		375,546		371,508		736,658		41,456		1,960		2,139,585
Special mention	84		412		2,300		10,038		10,284		28,900		2,213		47		54,231
Substandard	—		144		1,401		5,289		9,840		35,310		565		2,449		52,549
Doubtful	—		—		—		—		—		1,849		—		—		1,849

Total	164,244		147,541		306,973		390,873		391,632		802,717		44,234		4,456		2,248,214
Current period gross charge-offs (a)	—		—		—		156		—		94						250
Commercial and industrial
Pass	146,063		262,641		193,126		114,098		122,694		221,633		243,170		1,663		1,303,425



	Term Loans at Amortized Cost by Origination Year							Revolving Loans Converted to Term
(Dollars in thousands)	2025	2024	2023	2022	2021	Prior	Revolving Loans		Total Loans
Special mention	751	69	5,419	3,633	6,405	6,940	39,428	—	62,645
Substandard	—	4,572	3,679	10,541	7,642	3,825	8,992	6,193	39,251
Doubtful	—	—	—	2,015	—	46	—	—	2,061

Total	146,814	267,282	202,224	130,287	136,741	232,444	291,590	7,856	1,407,382
Current period gross charge-offs (a)	—	19	161	25	157	574			936
Premium Finance
Pass	219,845	57,030	699	48	—	—	—	—	277,622




Total	219,845	57,030	699	48	—	—	—	—	277,622
Current period gross charge-offs (a)	—	72	68	24	—	—			164
Leases
Pass	99,433	121,736	100,984	42,539	16,020	4,921	—	—	385,633
Special mention	125	760	912	434	322	—	—	—	2,553
Substandard	73	1,230	2,906	1,492	414	2	—	—	6,117
Doubtful	—	1,446	2,358	1,728	208	9	—	—	5,749

Total	99,631	125,172	107,160	46,193	16,964	4,932	—	—	400,052
Current period gross charge-offs (a)	—	1,028	4,166	4,151	945	463			10,753
Residential real estate
Pass	56,495	72,857	62,916	81,391	123,016	470,942	—	—	867,617

Substandard	—	208	882	389	899	7,909	—	—	10,287

Loss	—	5	4	—	—	55	—	—	64
Total	56,495	73,070	63,802	81,780	123,915	478,906	—	—	877,968
Current period gross charge-offs (a)	—	—	27	8	27	80			142
Home equity lines of credit
Pass	24,575	54,046	35,275	36,509	25,521	64,913	22	3,385	240,861

Substandard	—	—	75	250	16	573	—	—	914
Loss	—	—	—	—	—	10	—	—	10
Total	24,575	54,046	35,350	36,759	25,537	65,496	22	3,385	241,785
Current period gross charge-offs (a)	—	—	12	—	—	—			12
Consumer, indirect
Pass	159,626	204,525	140,708	113,985	40,060	30,557	—	—	689,461

Substandard	224	661	651	706	437	397	—	—	3,076

Loss	53	37	17	—	2	28	—	—	137
Total	159,903	205,223	141,376	114,691	40,499	30,982	—	—	692,674
Current period gross charge-offs (a)	194	1,166	1,206	685	210	98			3,559
Consumer, direct
Pass	34,502	30,376	19,898	16,031	6,840	5,686	—	—	113,333



	Term Loans at Amortized Cost by Origination Year													Revolving Loans Converted to Term
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Total Loans
Substandard	—		27		89		60		43		52		—	—	271

Loss	—		1		1		9		—		—		—	—	11
Total	34,502		30,404		19,988		16,100		6,883		5,738		—	—	113,615
Current period gross charge-offs (a)	21		89		49		70		13		9				251
Deposit account overdrafts	964		—		—		—		—		—		—	—	964
Current period gross charge-offs (a)	522		—		—		—		—		—				522
Total loans, at amortized cost	934,100		1,071,631		1,032,288		852,995		748,702		1,626,027		335,846	16,209	6,601,589
Total current period gross charge-offs (a)	$	737	$	2,374	$	5,689	$	5,119	$	1,352	$	1,318			$	16,589
(a) Current period gross charge-offs are for the six months ended as of June 30, 2025.

The following table summarizes the risk category of loans within Peoples' loan portfolio, including acquired loans, based upon the then most recent analysis performed at December 31, 2024:



	Term Loans at Amortized Cost by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Construction
Pass	$	69,862	$	162,605	$	47,133	$	30,592	$	1,845	$	13,540	$	—	$	—	$	325,577
Special mention	—		—		—		—		—		115		—		—		115
Substandard	—		1,161		1,535		—		—		—		—		—		2,696


Total	69,862		163,766		48,668		30,592		1,845		13,655		—		—		328,388
Current period gross charge-offs (a)	—		—		—		—		—		—						—
Commercial real estate, other
Pass	130,971		219,105		366,256		337,905		201,367		751,415		41,122		—		2,048,141
Special mention	271		2,923		11,876		7,197		5,107		10,689		288		—		38,351
Substandard	145		1,073		2,460		18,851		9,234		37,136		612		—		69,511
Doubtful	—		—		—		—		—		10		—		—		10

Total	131,387		223,101		380,592		363,953		215,708		799,250		42,022		—		2,156,013
Current period gross charge-offs (a)	—		—		376		—		—		55						431
Commercial and industrial
Pass	311,631		202,929		134,558		148,288		66,102		152,143		229,821		4,779		1,245,472
Special mention	779		9,019		10,886		4,449		12,049		13,537		19,465		—		70,184
Substandard	200		99		4,791		11,429		3,850		4,430		5,045		49		29,844
Doubtful	—		—		1,987		—		—		158		—		—		2,145

Total	312,610		212,047		152,222		164,166		82,001		170,268		254,331		4,828		1,347,645
Current period gross charge-offs (a)	—		14		—		17		105		532						668
Premium finance
Pass	265,504		3,837		94		—		—		—		—		—		269,435
Total	265,504		3,837		94		—		—		—		—		—		269,435



	Term Loans at Amortized Cost by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans	Revolving Loans Converted to Term	Total Loans
Current period gross charge-offs (a)	67		109		33		—		—		—				209
Leases
Pass	175,449		125,664		61,064		24,181		4,661		2,153		—	—	393,172
Special mention	791		1,529		1,140		365		5		—		—	—	3,830
Substandard	351		2,108		1,777		193		8		—		—	—	4,437
Doubtful	170		2,127		1,859		624		110		269		—	—	5,159

Total	176,761		131,428		65,840		25,363		4,784		2,422		—	—	406,598
Current period gross charge-offs (a)	1,315		5,623		5,421		2,308		301		138				15,106
Residential real estate
Pass	77,130		66,712		85,045		128,359		52,090		414,574		—	—	823,910

Substandard	321		1,088		161		980		306		8,087		—	—	10,943

Loss	—		4		—		—		—		244		—	—	248
Total	77,451		67,804		85,206		129,339		52,396		422,905		—	—	835,101
Current period gross charge-offs (a)	—		—		46		5		—		237				288
Home equity lines of credit
Pass	54,724		37,417		37,752		27,430		16,583		57,303		24	731	231,233

Substandard	—		138		163		16		34		1,069		—	—	1,420

Loss	—		—		—		—		—		8		—	—	8
Total	54,724		37,555		37,915		27,446		16,617		58,380		24	731	232,661
Current period gross charge-offs (a)	—		—		—		—		—		11				11
Consumer, indirect
Pass	239,584		176,115		148,210		56,846		30,231		16,129		—	—	667,115

Substandard	269		557		681		618		312		251		—	—	2,688

Loss	14		—		16		14		—		10		—	—	54
Total	239,867		176,672		148,907		57,478		30,543		16,390		—	—	669,857
Current period gross charge-offs (a)	497		2,207		1,880		691		141		763				6,179
Consumer, direct
Pass	45,978		25,605		21,544		9,614		4,180		3,884		—	—	110,805

Substandard	18		65		46		29		4		73		—	—	235

Loss	—		4		—		—		—		8		—	—	12
Total	45,996		25,674		21,590		9,643		4,184		3,965		—	—	111,052
Current period gross charge-offs (a)	2		154		212		51		12		247				678
Deposit account overdrafts	1,253		—		—		—		—		—		—	—	1,253
Current period gross charge-offs (a)	1,542		$	—	$	—	$	—	$	—	$	—			1,542
Total loans, at amortized cost	1,375,415		1,041,884		941,034		807,980		408,078		1,487,235		296,377	5,559	6,358,003
Current period gross charge-offs (a)	$	3,423	$	8,107	$	7,968	$	3,072	$	559	$	1,983			$	25,112
(a) Current period gross charge-offs are for the year ended as of December 31, 2024.

Collateral Dependent Loans

Peoples has certain loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty. The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans:

•Construction loans are typically secured by owner occupied commercial real estate or non-owner occupied investment real estate. Typically, owner occupied construction loans are secured by office buildings, warehouses, manufacturing facilities, and other commercial and industrial properties that are in process of construction. Non-owner occupied commercial construction loans are generally secured by multi-family complexes, warehouse buildings, industrial buildings, land under development, and other commercial real estate in process of construction.

•Commercial real estate loans can be secured by either owner occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities, and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by multifamily complexes, retail facilities, office buildings and complexes, warehouses, industrial buildings, land under development, as well as other commercial real estate.

•Commercial and industrial loans are generally secured by equipment, inventory, accounts receivable, and other commercial property.

•Residential real estate loans are typically secured by first mortgages, and in some cases could be secured by a second mortgage, on residential real estate property.

•Home equity lines of credit are generally secured by second mortgages on residential real estate property.

•Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no underlying collateral.

•Leases are most often secured by commercial equipment and other essential business assets.

•Premium finance loans are secured by the unearned portion of the insurance premium being financed.

The following table details Peoples' amortized cost of collateral dependent loans:


(Dollars in thousands)	June 30, 2025		December 31, 2024


Commercial real estate, other	$	1,839		$	2,764

Leases	3,243			652
Commercial and industrial	2,015			959




Total collateral dependent loans	$	7,097		$	4,375

The increase in collateral dependent loans at June 30, 2025, compared to December 31, 2024, was primarily driven by the addition of three NSL leases which totaled approximately $1.9 million.

Modifications for Borrowers Experiencing Financial Difficulty

As part of Peoples' loss mitigation activities, Peoples may agree to modify the contractual terms of a loan to a borrower experiencing financial difficulty. The most common modifications to the contractual terms of a loan to a borrower experiencing financial difficulty include an extension of the maturity date, a reduction in the interest rate for the remaining life of the loan, a temporary period of interest-only payments, and a reduction in the contractual payment amount for either a short period or the remaining term of the loan.

In addition to loan modifications, Peoples also provides other loss mitigation options, such as forbearance and repayment plans, to assist borrowers who experience financial difficulties. In assessing whether or not a borrower is experiencing financial difficulty, Peoples considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (1) the borrower is currently in payment default on any of the borrower's debt; (2) a payment default is probable in the foreseeable future without the modification; (3) the borrower has declared or is in the process of declaring bankruptcy; and (4) the borrower's projected cash flow is insufficient to satisfy contractual payments due under the original terms of the loan without a modification.

The allowance for credit losses for loans modified for borrowers experiencing financial difficulty is determined based on the allowance for credit losses policy as described in Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples' 2024 Form 10-K.

The following tables display the amortized cost of loans that were restructured during the three and six months ended June 30, 2025 and June 30, 2024, presented by loan classification.


	Payment Delay (Only)
(Dollars in thousands)	Payment Deferral		Term Extension		Total		Percentage of Total by Loan Category(a)(b)(c)

During the Three Months Ended June 30, 2025

Commercial real estate	$	—	$	2,602	$	2,602	0.12	%
Commercial and industrial	—		2,477		2,477		0.18	%

Residential real estate	—		192		192		0.02	%




Total	$	—	$	5,271	$	5,271	0.08	%


During the Three Months Ended June 30, 2024


Commercial and industrial	$	—	$	687	$	687	0.05	%
Leasing	174		—		174		0.04	%

Home equity lines of credit	—		64		64		0.03	%
Consumer, indirect	—		8		8		—	%


Total	$	174	$	759	$	933	0.01	%
(a) Based on the amortized cost basis as of period end, divided by the period end amortized cost basis of the corresponding class of financing receivable. (b) The table presented above excludes loans that were paid off or otherwise no longer included in the loan portfolio as of period end. (c) Each with --% is considered not meaningful.


	Payment Delay (Only)
(Dollars in thousands)	Payment Deferral		Term Extension		Principal Forgiveness		Total		Percentage of Total by Loan Category(a)(b)(c)

During the Six Months Ended June 30, 2025

Commercial real estate	$	—	$	4,441	$	—	$	4,441	0.20	%
Commercial and industrial	—		8,638		—		8,638		0.61	%
Leasing	10		—		53		63		0.02	%
Residential real estate	—		192		—		192		0.02	%




Total	$	10	$	13,271	$	53	$	13,334	0.20	%


During the Six Months Ended June 30, 2024

Commercial real estate	—		561		—		561		0.03	%
Commercial and industrial	—		11,171		—		11,171		0.89	%
Leasing	199		—		—		199		0.05	%
Residential real estate	—		76		—		76		0.01	%
Home equity lines of credit	—		64		—		64		0.03	%
Consumer, indirect	—		8		—		8		—	%


Total	$	199	$	11,880	$	—	$	12,079	0.19	%
(a) Based on the amortized cost basis as of period end, divided by the period end amortized cost basis of the corresponding class of financing receivable. (b) The table presented above excludes loans that were paid off or otherwise no longer included in the loan portfolio as of period end. (c) Each with --% is considered not meaningful.

The following tables summarize the financial impacts of loan modifications and payment deferrals made to loans during the three and six months ended June 30, 2025 and June 30, 2024, presented by loan classification.


						Weighted-Average Term Extension (in months)
During the Three Months Ended June 30, 2025

Commercial real estate						4
Commercial and industrial						5

Residential real estate						174




During the Three Months Ended June 30, 2024


Commercial and industrial						28


Home equity lines of credit						120
Consumer, indirect						2


						Weighted-Average Term Extension (in months)
During the Six Months Ended June 30, 2025

Commercial real estate						4
Commercial and industrial						7

Residential real estate						174




During the Six Months Ended June 30, 2024

Commercial real estate						6
Commercial and industrial						7
Leasing						9
Residential real estate						2
Home equity lines of credit						120
Consumer, indirect						2

The following tables display the amortized cost of loans that received a completed modification or payment deferral within the previous 12 months and that had a payment default in the periods presented. For purposes of this disclosure, Peoples defines loans that had a payment default as loans that were 90 days or more past due following a modification.


	Term Extension(a)
For the Three Months Ended June 30, 2025

Commercial real estate	$	494







Total loans that subsequently defaulted	$	494

For the Six Months Ended June 30, 2025

Commercial real estate	$	494
Commercial and industrial	18
Leasing	100





Total loans that subsequently defaulted	$	612

For the Three Months Ended June 30, 2024

Commercial real estate	$	193
Commercial and industrial	28

Residential real estate	76




Total loans that subsequently defaulted	$	297

For the Six Months Ended June 30, 2024

Commercial real estate	$	193
Commercial and industrial	31

Residential real estate	76




Total loans that subsequently defaulted	$	300


(a) Represents the sum of amortized cost and gross charge-off as of period end. Excludes loans that liquidated either through foreclosure, deed-in-lieu of foreclosure, or a short sale.

The following table displays an aging analysis of loans that were modified during the 12 months prior to June 30, 2025 and June 30, 2024, respectively, presented by classification and class of financing receivable.


As of June 30, 2025
(Dollars in thousands)	30-59 Days Delinquent		60-89 Days Delinquent		90+ Days Delinquent		Total Delinquent		Current		Total

Commercial real estate	$	—	$	—	$	494	$	494	$	4,441	$	4,935
Commercial and industrial	—		—		18		18		8,823		8,841
Leasing	—		—		100		100		65		165
Residential real estate	—		—		—		—		207		207
Home equity lines of credit	44		—		—		44		51		95
Consumer, indirect	—		—		10		10		—		10


Total loans modified(a)	$	44	$	—	$	622	$	666	$	13,587	$	14,253
(a) Represents the amortized cost basis as of period end.


As of June 30, 2024
(Dollars in thousands)	30-59 Days Delinquent		60-89 Days Delinquent		90+ Days Delinquent		Total Delinquent		Current		Total
Construction	$	—	$	70	$	—	$	70	$	—	$	70
Commercial real estate	—		—		193		193		2,321		2,514
Commercial and industrial	—		—		31		31		12,583		12,614
Leasing	—		—		—		—		199		199
Residential real estate	—		—		76		76		25		101
Home equity lines of credit	—		—		—		—		122		122
Consumer, indirect	—		—		—		—		8		8


Total loans modified(a)	$	—	$	70	$	300	$	370	$	15,258	$	15,628

(a) Represents the amortized cost basis as of period end.

Allowance for Credit Losses

As discussed in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples' 2024 Form 10-K, Peoples estimates the allowance for credit losses using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. In management's estimation of expected credit losses, Peoples uses a one-year reasonable and supportable period across all segments. Following the reasonable and supportable period, Peoples reverts the macroeconomic variables to their long run average over a four-quarter reversion period.

Changes in the allowance for credit losses for the three and six months ended June 30, 2025 and June 30, 2024 are summarized below:


(Dollars in thousands)	Beginning Balance, March 31, 2025		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2025
Construction	$	1,156	$	191	$	—	$	—	$	1,347
Commercial real estate, other	17,155		24		(35)		—		17,144
Commercial and industrial	12,783		5,610		(556)		17		17,854
Premium finance	646		238		(93)		3		794
Leases	13,575		10,896		(5,099)		261		19,633
Residential real estate	6,786		(723)		—		50		6,113
Home equity lines of credit	1,863		(37)		(12)		—		1,814
Consumer, indirect	8,696		191		(1,693)		449		7,643
Consumer, direct	2,474		(144)		(96)		14		2,248
Deposit account overdrafts	98		167		(245)		71		91
Total	$	65,232	$	16,413	$	(7,829)	$	865	$	74,681

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.


(Dollars in thousands)	Beginning Balance, March 31, 2024		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2024
Construction	$	701	$	(28)	$	—	$	—	$	673
Commercial real estate, other	21,788		(1,856)		—		(80)		19,852
Commercial and industrial	10,581		408		(56)		10		10,943
Premium finance	607		207		(55)		4		763
Leases	12,889		4,533		(2,377)		173		15,218
Residential real estate	5,866		69		(64)		68		5,939
Home equity lines of credit	1,689		57		(9)		—		1,737
Consumer, indirect	8,301		1,803		(1,567)		117		8,654
Consumer, direct	2,279		179		(141)		15		2,332
Deposit account overdrafts	121		286		(338)		67		136
Total	$	64,822	$	5,658	$	(4,607)	$	374	$	66,247

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.


(Dollars in thousands)	Beginning Balance, December 31, 2024		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2025
Construction	$	878	$	469	$	—	$	—	$	1,347
Commercial real estate, other	16,256		1,134		(250)		4		17,144
Commercial and industrial	13,283		5,484		(936)		23		17,854
Premium finance	662		287		(164)		9		794
Leases	12,893		16,987		(10,753)		506		19,633
Residential real estate	6,491		(335)		(142)		99		6,113
Home equity lines of credit	1,792		34		(12)		—		1,814
Consumer, indirect	8,576		1,967		(3,559)		659		7,643
Consumer, direct	2,396		69		(251)		34		2,248
Deposit account overdrafts	121		322		(522)		170		91
Total	$	63,348	$	26,418	$	(16,589)	$	1,504	$	74,681

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.



(Dollars in thousands)	Beginning Balance, December 31, 2023		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2024
Construction	$	699	$	(26)	$	—	$	—	$	673
Commercial real estate, other	20,915		(854)		(212)		3		19,852
Commercial and industrial	10,490		727		(291)		17		10,943
Premium finance	484		376		(109)		12		763
Leases	10,850		7,630		(3,647)		385		15,218
Residential real estate	5,937		(5)		(144)		151		5,939
Home equity lines of credit	1,588		151		(9)		7		1,737
Consumer, indirect	8,590		2,904		(3,028)		188		8,654
Consumer, direct	2,343		332		(367)		24		2,332
Deposit account overdrafts	115		554		(674)		141		136
Total	$	62,011	$	11,789	$	(8,481)	$	928	$	66,247

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.

During the second quarter of 2025, Peoples recorded a total provision for credit losses on loans of $16.4 million, which was primarily driven by (i) net charge offs, (ii) an increase in reserves for individually analyzed loans and leases, (iii) an increase in reserves for leases originated by our North Star Leasing division, (iv) a periodic refresh in loss drivers utilized within the CECL model, (v) deterioration in the economic forecasts used within the CECL model, and (vi) loan growth. Net charge-offs for the second quarter of 2025 were $7.0 million, primarily driven by our North Star Leasing division. The increase in the allowance for credit losses at June 30, 2025 when compared to at March 31, 2025 was primarily driven by explanations (ii) - (vi) described above.

During the second quarter of 2024, Peoples recorded a provision for credit losses of $5.7 million, which was driven by (i) higher net charge-offs, (ii) an increase in reserves for individually analyzed loans and leases, and (iii) loan growth. Net charge-offs for the second quarter of 2024 were $4.2 million, primarily driven by an increase in charge-offs on leases originated by our North Star Leasing division, partially offset by decreases in net charge-offs on commercial and industrial loans and other commercial real estate loans.

Peoples had recorded an allowance for unfunded commitments of $2.4 million and $2.0 million as of June 30, 2025 and December 31, 2024, respectively. The allowance for unfunded commitments (also referred to as "unfunded commitment liability") is presented in the “Accrued expenses and other liabilities” line of the Unaudited Consolidated Balance Sheets. The change in the allowance for unfunded commitments is also reflected in the "Provision for (recovery of) credit losses" line of the Unaudited Consolidated Statements of Operations.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

The following table details changes in the recorded amount of goodwill:


	For the Six Months Ended		For the Year Ended
(Dollars in thousands)	June 30, 2025		December 31, 2024
Goodwill, beginning of period	$	363,199	$	362,169
Goodwill recorded from acquisitions	—		1,030
Goodwill, end of period	$	363,199	$	363,199

Other Intangible Assets

Other intangible assets were comprised of the following at June 30, 2025, and at December 31, 2024:


(Dollars in thousands)	Core Deposits		Customer Relationships		Indefinite-Lived Trade Names		Total
June 30, 2025
Gross intangibles	$	54,186	$	38,470	$	2,491	$	95,147

Accumulated amortization	(33,849)		(27,785)		—		(61,634)
Total acquisition-related intangibles	$	20,337	$	10,685	$	2,491	$	33,513
Servicing rights							1,002
Non-compete agreements							71
Total other intangibles							$	34,586

December 31, 2024
Gross intangibles	$	54,186	$	37,920	$	2,491	$	94,597
Intangibles recorded from acquisitions	—		550		—		550
Accumulated amortization	(31,545)		(25,723)		—		(57,268)
Total acquisition-related intangibles	$	22,641	$	12,747	$	2,491	$	37,879
Servicing rights							1,216
Non-compete agreements							128
Total other intangibles							$	39,223

The following table details estimated aggregate future amortization of other intangible assets at June 30, 2025:


(Dollars in thousands)	Core Deposits		Customer Relationships		Non-Compete Agreements		Total
Remaining six months of 2025	$	2,304	$	2,061	$	55	$	4,420
2026	3,736		3,036		16		$	6,788
2027	3,043		2,188		—		$	5,231
2028	2,608		1,462		—		$	4,070
2029	2,359		971		—		$	3,330
Thereafter	6,287		967		—		$	7,254
Total	$	20,337	$	10,685	$	71	$	31,093

The weighted average amortization period of other intangible assets is 7.7 years.

Deposits

6 Months Ended

Jun. 30, 2025

Banking and Thrift, Other Disclosure [Abstract]

Deposits

Peoples’ deposit balances were comprised of the following:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Retail certificates of deposits ("CDs"):
$100 or more	$	1,150,434	$	1,092,261
Less than $100	854,888		829,154
Total Retail CDs	2,005,322		1,921,415
Interest-bearing deposit accounts	1,058,910		1,085,152
Savings accounts	889,872		866,959
Money market deposit accounts	927,543		878,254
Governmental deposit accounts	781,949		775,782

Brokered CDs	442,788		554,982
Total interest-bearing deposits	6,106,384		6,082,544
Non-interest-bearing deposits	1,530,824		1,507,661
Total deposits	$	7,637,208	$	7,590,205

Uninsured deposits were $2.0 billion at June 30, 2025 and at December 31, 2024. Uninsured deposit amounts are estimated based on the portion of the respective customer account balances that exceeded the FDIC limit of $250,000. Peoples pledges investment securities against certain governmental deposit accounts, which covered over $641.1 million and $656.9 million of the uninsured deposit balances at June 30, 2025 and at December 31, 2024, respectively.

Uninsured time deposits are broken out below by time remaining until maturity.


(Dollars in thousands)	June 30, 2025		December 31, 2024
3 months or less	$	129,425	$	180,405
Over 3 to 6 months	146,293		127,329
Over 6 to 12 months	151,721		91,197
Over 12 months	21,930		18,044
Total	$	449,369	$	416,975

The contractual maturities of CDs for each of the next five years, including the remainder of 2025, and thereafter are as follows:


(Dollars in thousands)	Retail		Brokered		Total
Remaining six months ending December 31, 2025	$	1,254,611	$	276,589	$	1,531,200
Year ending December 31, 2026	712,691		16,391		729,082
Year ending December 31, 2027	23,144		82,449		105,593
Year ending December 31, 2028	7,074		21,526		28,600
Year ending December 31, 2029	5,331		45,833		51,164
Thereafter	2,471		—		2,471
Total CDs	$	2,005,322	$	442,788	$	2,448,110

At June 30, 2025, Peoples had six effective interest rate swaps, with an aggregate notional value of $55.0 million, all of which hedge interest payments on brokered CDs. The brokered CDs are expected to be extended every 90 days through the maturity dates of the swaps. Additional information regarding Peoples' interest rate swaps can be found in "Note 10 Derivative Financial Instruments."

Stockholders' Equity

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

The following table details the progression in Peoples’ common shares and treasury stock during the six months ended June 30, 2025:


	Common Shares	Treasury Stock
Shares at December 31, 2024	36,782,601	1,311,175
Changes related to stock-based compensation awards:

Release of restricted common shares	—	60,533
Cancellation of restricted common shares	—	35,403

Grant of restricted common shares	—	(171,393)


Purchase of treasury stock	—	6,302
Disbursed out of treasury stock	—	(13,564)
Common shares repurchased under share repurchase program	—	17,166
Common shares issued under dividend reinvestment plan	25,626	—
Common shares issued under compensation plan for Boards of Directors	—	(8,180)

Common shares issued under employee stock purchase plan	—	(18,034)


Shares at June 30, 2025	36,808,227	1,219,408

On January 28, 2021, Peoples' Board of Directors approved a share repurchase program authorizing Peoples to purchase up to an aggregate of $30.0 million of Peoples' outstanding common shares. As of June 30, 2025, Peoples had repurchased an aggregate of 488,473 common shares totaling $13.9 million under the share repurchase program. During the second quarter of 2025, Peoples repurchased 17,166 common shares totaling $0.5 million under the share repurchase program. No shares were repurchased during the first quarter of 2025. Peoples repurchased 100,905 common shares totaling $3.0 million during the first six months of 2024, which occurred exclusively during the first quarter of the year.

Under Peoples' Amended Articles of Incorporation, Peoples is authorized to issue up to 50,000 preferred shares, in one or more series, having such voting powers, designations, preferences, rights, qualifications, limitations and restrictions as designated by Peoples' Board of Directors. At June 30, 2025, Peoples had no preferred shares issued or outstanding.

On July 21, 2025, Peoples' Board of Directors declared a quarterly cash dividend of $0.41 per common share, payable on August 18, 2025, to shareholders of record on August 4, 2025. The following table details the cash dividends declared per common share during the first three quarters of 2025 and the comparable periods of 2024:


	2025		2024
First quarter	$	0.40	$	0.39
Second quarter	0.41		0.40
Third quarter	0.41		0.40

Total dividends declared	$	1.22	$	1.19

Accumulated Other Comprehensive (Loss) Income

The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the six months ended June 30, 2025, as related items impact the income statement:


(Dollars in thousands)	Unrealized (Loss) Gain on Securities		Unrealized Gain (Loss) on Cash Flow Hedges		Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2024	$	(111,829)	$	1,444	$	(110,385)
Reclassification adjustments to net income:
Realized gain on securities, net of tax	2		—		2


Other comprehensive income (loss), net of reclassifications and tax	20,880		(769)		20,111
Balance, June 30, 2025	$	(90,947)	$	675	$	(90,272)

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 2025
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Peoples maintains a retirement savings plan, or 401(k) plan, which covers substantially all employees. The plan provides participants with the opportunity to save for retirement on a tax-deferred basis or through Roth contributions. Since January 1, 2021, Peoples matches 100% of participants’ contributions up to 6% of the participants’ compensation. Matching contributions made by Peoples totaled $3.0 million during the six months ended June 30, 2025 and $3.1 million for the six months ended June 30, 2024.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Earnings Per Common Share

Earnings Per Common Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

The calculations of basic and diluted earnings per common share were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per common share data)	2025		2024		2025		2024
Net income available to common shareholders	$	21,212	$	29,007	$	45,548	$	58,591
Less: Dividends paid on unvested common shares	212		218		422		361
Less: Undistributed income allocated to unvested common shares	17		55		54		119
Net earnings allocated to common shareholders	$	20,983	$	28,734	$	45,072	$	58,111

Weighted-average common shares outstanding	34,972,065		34,764,489		34,934,105		34,752,419
Effect of potentially dilutive common shares	359,642		353,159		365,313		319,131
Total weighted-average diluted common shares outstanding	35,331,707		35,117,648		35,299,418		35,071,550

Earnings per common share:
Basic	$	0.60	$	0.83	$	1.29	$	1.67
Diluted	$	0.59	$	0.82	$	1.28	$	1.66
Anti-dilutive common shares excluded from calculation:
Restricted common shares	144,274		3,180		142,032		3,180

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Peoples utilizes interest rate swap agreements as part of its asset/liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

Derivative Financial Instruments and Hedging Activities - Risk Management Objective of Using Derivative Financial Instruments

Peoples is exposed to certain risks arising from both its business operations and economic conditions. Peoples principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. Peoples manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its assets and liabilities. Peoples also manages interest rate risk through the use of derivative financial instruments. Specifically, Peoples enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known or expected cash amounts, the values of which are determined by interest rates. Peoples’ derivative financial instruments are used to manage differences in the amount, timing and duration of Peoples' known or expected cash receipts and its known or expected cash payments principally related to certain variable rate borrowings. Peoples also has interest rate derivative financial instruments that result from a service provided to certain qualifying customers and, therefore, are not used to manage interest rate risk in Peoples' assets or liabilities. Peoples manages a matched book with respect to customer-related derivative financial instruments in order to minimize its net risk exposure resulting from such transactions.

Cash Flow Hedges of Interest Rate Risk

Peoples' objectives in using interest rate derivative financial instruments are to add stability to interest income and expense, and to manage its exposure to interest rate movements. To accomplish these objectives, Peoples has entered into interest rate swaps as part of its interest rate risk management strategy. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for Peoples making fixed payments. At June 30, 2025, Peoples had entered into six interest rate swap contracts with an aggregate notional value of $55.0 million. Peoples will pay a fixed rate of interest for up to four years while receiving a floating rate component of interest equal to the term secured overnight financing rate ("SOFR"). The interest received on the floating rate component is intended to offset the interest paid on rolling three-month brokered CDs or FHLB advances, which will continue to be rolled through the life of the interest rate swaps. At both June 30, 2025 and December 31, 2024, the interest rate swaps were designated as cash flow hedges of $55.0 and $75.0 million, respectively, in brokered CDs, which are expected to be extended every 90 days through the maturity dates of the interest rate swaps.

For derivative financial instruments designated as cash flow hedges and deemed highly effective, all changes in the fair value of each derivative financial instrument is reported in accumulated other comprehensive (loss) income ("AOCI") (outside of earnings), net of tax, and are reclassified to interest expense as interest payments are made or received on Peoples' variable-rate liabilities. Peoples assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the hedging derivative financial instrument with the changes in cash flows of the designated hedged transaction. The reset dates and the payment dates on the brokered CDs or FHLB advances are matched to the reset dates and payment dates on the receipt of the term SOFR (or the three-month LIBOR floating portion prior to June 30, 2023) of the swaps to ensure effectiveness of the cash flow hedge. For the six months ended June 30, 2025, and 2024, Peoples recorded reclassifications of losses to earnings of $0.7 million and $1.7 million, respectively. During the next 12 months, Peoples estimates that $0.9 million of AOCI will be reclassified as an addition to interest expense.

The following table summarizes information about the interest rate swaps designated as cash flow hedges:


(Dollars in thousands)	June 30, 2025			December 31, 2024
Notional amount	$	55,000		$	75,000
Weighted average pay rates	2.60		%	2.45		%
Weighted average receive rates	4.02		%	4.49		%
Weighted average maturity	1.5 years			1.5 years
Pre-tax changes in fair value included in AOCI	$	940		$	1,885

The following table presents changes in fair value and amounts reclassified from AOCI related to cash flow hedges and recorded in AOCI and in the Consolidated Statements of Comprehensive Income:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Amount of losses recorded in AOCI, pre-tax	$	341	$	443	$	1,002	$	187

The following table reflects the cash flow hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Interest rate swaps related to debt	$	55,000	$	868	$	75,000	$	1,784

Non-Designated Hedges

Peoples Bank maintains an interest rate protection program for commercial loan customers, which was established in 2010. Under this program, Peoples Bank originates variable rate loans with interest rate swaps, where the customer enters into an interest rate swap with Peoples Bank on terms that match the terms of the loan. By entering into the interest rate swap with the customer, Peoples Bank effectively provides the customer with a fixed rate loan while creating a variable rate asset for Peoples Bank. Peoples Bank offsets its exposure in the interest rate swap by entering into an offsetting interest rate swap with an unaffiliated institution. These interest rate swaps do not qualify as designated hedges; therefore, each interest rate swap is accounted for as a standalone derivative financial instrument. These interest rate swaps did not have a material impact on Peoples' results of operations or financial condition at or for the three and six months ended June 30, 2025, or at or for the year ended December 31, 2024.

The following table reflects the non-designated hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Interest rate swaps related to commercial loans	$	542,787	$	15,638	$	453,367	$	18,742
Netting Adjustments (a)			(5,054)				(1,783)
Net Derivative Assets on the Balance Sheet			$	10,584			$	16,959
Included in "Accrued expenses and other liabilities":
Interest rate swaps related to commercial loans	$	542,787	$	13,543	$	453,367	$	17,100
Netting Adjustments (a)			(2,885)				(54)
Net Derivatives Liabilities on the Balance Sheet			$	10,658			$	17,046

(a) Netting adjustments represent the amounts recorded to convert our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The net basis takes into account the impact of master netting agreements that allow us to settle derivative contracts with a single counterparty on a net basis. Total derivative assets and liabilities include these netting adjustments.

Pledged Collateral

Peoples Bank pledges or receives collateral for all interest rate swaps. When the fair value of Peoples Bank interest rate swaps is in a net liability position, Peoples Bank must pledge collateral, and, when the fair value of Peoples Bank interest rate swaps is in a net asset position, the respective counterparties must pledge collateral. At June 30, 2025 and at December 31, 2024, Peoples Bank had no cash pledged, while counterparties had $3.7 million of cash pledged at June 30, 2025 and $12.3 million of cash pledged at December 31, 2024. Peoples Bank had no pledged investment securities at June 30, 2025 or at December 31, 2024, while the counterparties had pledged no investment securities at June 30, 2025 and had pledged $1.9 million of investment securities at December 31, 2024.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

6 Months Ended

Jun. 30, 2025

Stock-Based Compensation

Under the Peoples Bancorp Inc. Fourth Amended and Restated 2006 Equity Plan (the "2006 Equity Plan"), Peoples may grant, among other awards, nonqualified stock options, incentive stock options, restricted common share awards, stock appreciation rights, performance units and unrestricted common share awards to employees and non-employee directors. The total number of common shares available under the 2006 Equity Plan is 1,493,297. The maximum number of common shares that can be issued for incentive stock options is 750,000. Since February 2009, Peoples has granted restricted common shares to employees, and periodically to non-employee directors, subject to the terms and conditions prescribed by the 2006 Equity Plan. In general, common shares issued in connection with stock-based awards are issued from treasury shares to the extent available. If no treasury shares are available, common shares are issued from authorized but unissued common shares.

Restricted Common Shares

Under the 2006 Equity Plan, Peoples may award restricted common shares to officers, key employees and non-employee directors. In general, the restrictions on the restricted common shares awarded to officers and key employees expire after periods ranging from one to five years. Since 2018, common shares awarded to non-employee directors have vested immediately upon grant with no restrictions. In the first six months of 2025, Peoples granted an aggregate of 159,097 restricted common shares subject to performance-based vesting to officers and key employees with restrictions that will lapse three years after the grant date; provided that in order for the restricted common shares to vest in full, Peoples must have reported positive net income and maintained a well-capitalized status by regulatory standards for each of the three fiscal years preceding the vesting date.

The following table summarizes the changes to Peoples’ restricted common shares for the six months ended June 30, 2025:


	Time-Based Vesting			Performance-Based Vesting
	Number of Common Shares	Weighted-Average Grant Date Fair Value		Number of Common Shares	Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2025	140,231	$	28.72	586,227	$	29.67
Awarded	11,643	26.19		159,097	33.41
Released	(36,023)	31.41		(141,821)	32.21
Forfeited	(10,011)	27.12		(26,289)	29.79
Outstanding at June 30, 2025	105,840	$	27.67	577,214	$	30.07

The intrinsic value for restricted common shares released was $5.7 million for the six months ended June 30, 2025, compared to $2.4 million for the six months ended June 30, 2024.

Stock-Based Compensation

Peoples recognizes stock-based compensation, which is included as a component of Peoples’ salaries and employee benefit costs, for restricted and unrestricted common shares, as well as purchases made by participants in the employee stock purchase plan. For restricted common shares, Peoples recognizes stock-based compensation based on the estimated fair value of the awards expected to vest on the grant date. The estimated fair value is then expensed over the vesting period, which is normally three years. Peoples also has an employee stock purchase plan whereby employees can purchase Peoples' common shares at a discount of 15%. The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Employee stock-based compensation expense:
Stock grant expense	$	1,416	$	1,278	$	3,846	$	4,303
Employee stock purchase plan expense	26		73		71		139

Total employee stock-based compensation expense	1,442		1,351		$	3,917	$	4,442
Non-employee director stock-based compensation expense	131		123		$	247	$	261
Total stock-based compensation expense	1,573		1,474		$	4,164	$	4,703
Recognized tax benefit	(367)		(344)		(971)		(1,096)
Net stock-based compensation expense	$	1,206	$	1,130	$	3,193	$	3,607

The fair value of restricted common share awards on the grant date is the market price of Peoples' common shares on that date. Total unrecognized stock-based compensation expense related to unvested restricted common share awards was $7.6 million at June 30, 2025, which will be recognized over a weighted-average period of 2.0 years.

Revenue

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Insurance income:
Commission and fees from sale of insurance policies (a)	$	4,450	$	4,104	$	8,962	$	8,389

Performance-based commissions (b)	99		5		1,641		2,218
Trust and investment income:
Fiduciary income (a)	3,042		3,010		5,957		5,767
Brokerage income (a)	2,239		1,989		4,385		3,831
Electronic banking income:
Interchange income (a)	5,111		5,309		9,956		10,229
Promotional and usage income (a)	1,161		1,161		2,201		2,287
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,670		1,716		3,313		3,434
Transaction-based fees (b)	2,388		2,623		4,760		5,128
Commercial loan swap fees (b)	734		59		1,271		111
Other non-interest income transaction-based fees (b)	374		589		789		1,093
Total revenue from contracts with customers	$	21,268	$	20,565	$	43,235	$	42,487
Timing of revenue recognition:
Services transferred over time	$	17,673	$	17,289	$	34,774	$	33,937
Services transferred at a point in time	3,595		3,276		8,461		8,550
Total revenue from contracts with customers	$	21,268	$	20,565	$	43,235	$	42,487
(a) Services transferred over time. (b) Services transferred at a point in time.

Peoples records contract assets for income that has been recognized over a period of time for fulfillment of performance obligations, but payment has not yet been received related to electronic banking income and certain insurance income. This income typically relates to bonuses for which Peoples is eligible, but will not receive until a certain time in the future. Peoples records contract liabilities for payments received for commission income related to the sale of insurance policies, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled, which is over the insurance policy period. Peoples also records contract liabilities for bonuses received related to electronic banking income, for which the performance obligations have not yet been fulfilled. The contract liabilities are recognized as income over time, during the period in which the performance obligations are fulfilled related to electronic banking income.

The following table details the changes in Peoples' contract assets and contract liabilities for the six-month period ended June 30, 2025:


	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2025	$	899	$	5,771
Additional income receivable	84		—
Additional deferred income	—		11
Receipt of income previously receivable	(15)		—
Recognition of income previously deferred	—		(214)
Balance, June 30, 2025	$	968	$	5,568

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

Leases

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Peoples has elected certain practical expedients, in accordance with ASC 842 - Leases ("ASC 842"). As a lessor, Peoples has made an accounting policy election to exclude from the consideration in the contract, and from variable payments not included in the consideration in the contract, all sales and other similar taxes assessed. Peoples has also made an accounting policy election to account for each separate lease component of a contract and its associated non-lease components as a single lease component for all leases subject to ASC 842.

Lessor Arrangements

Peoples began originating leases with the acquisition of leases from NSL and increased its portfolio with the acquisition of Vantage. The leases for NSL were determined to be sales-type leases, as the premise for the leases is dollar buy-out, whereby the lessee pays one dollar at maturity of the lease to purchase the equipment. The leases for Vantage were determined to be primarily sales-type leases, as the payment structure and term triggered that accounting treatment, whereby either (i) the lease is structured as a fair market value buyout, whereby the lessee has the option to purchase the leased equipment at its fair market value at maturity of the lease, or (ii) the lessee purchases the leased equipment for one dollar at maturity of the lease. Originated leases are primarily classified as sales-type leases, and to a lesser extent, operating leases. These leases do not typically contain residual value guarantees; however, Peoples reduces its residual asset risk by obtaining a security deposit from the lessee. As a lessor, Peoples originates commercial equipment leases either directly to the customer or indirectly through vendor programs. Equipment leases relate to automotive, construction, healthcare, manufacturing, office, restaurant, information technology and other equipment. These leases include an estimated residual value, which is assessed for impairment as part of the allowance for credit losses. Operating leases are leases that do not meet the criteria of a sales-type lease. When Peoples originates an operating lease, it records an operating lease asset recognized in “Other assets” which is depreciated over its useful life. Operating leases assets are assessed for impairment consistent with Peoples’ fixed assets.

Sales-type leases originated by Peoples, that Peoples has the positive intent and ability to hold for the foreseeable future or to maturity or payoff, are reported at the net investment of the lease, net of initial direct costs, charge-offs and an allowance for credit losses. Peoples considers leases past due if any required payments have not been received as of the date such payments were required to be made under the terms of the lease agreement. Upon detection of the reduced ability of a lessee to meet cash flow obligations, leases are typically charged down to the net realizable value, with the residual balance placed on nonaccrual status. Leases deemed to be uncollectable are charged against the allowance for credit losses, while recoveries of previously charged-off amounts are credited to the allowance for credit losses.

Lease income noted in the table below includes (i) operating lease income, (ii) gains on the early termination of leases, net of any associated purchase accounting adjustments, (iii) month-to-month lease payments in excess of net investment in the lease, (iv) fees received for referrals, (v) gains and losses recognized on the sales of residual assets and (vi) syndication income. Additional information regarding Peoples' leases can be found in "Note 4 Loans and Leases."

The table below details Peoples' lease income:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Interest and fees on leases (a)	$	10,287	$	11,982	$	20,485	$	24,049
Lease income	4,211		2,168		7,679		4,189

Total lease income	$	14,498	$	14,150	$	28,164	$	28,238

(a)Included in "Interest and fees on loans and leases" in the Unaudited Consolidated Statements of Operations. For additional information, see "Note 4 Loans and Leases" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

The following table summarizes the net investment in leases, which is included in "Loans and leases, net of deferred fees and costs" on the Unaudited Consolidated Balance Sheets:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Lease payments receivable, at amortized cost	$	430,198	$	448,027
Estimated residual values	33,831		33,129
Initial direct costs	6,002		7,148
Deferred revenue	(69,979)		(81,706)
Net investment in leases	400,052		406,598
Allowance for credit losses - leases	(19,633)		(12,893)
Net investment in leases, after allowance for credit losses	$	380,419	$	393,705

The following table summarizes the contractual maturities of leases:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	96,864
Year ending December 31, 2026	91,899
Year ending December 31, 2027	86,456
Year ending December 31, 2028	80,572
Year ending December 31, 2029	49,719
Thereafter	24,688
Lease payments receivable, at amortized cost	$	430,198

Lessee Arrangements

Peoples leases certain banking facilities and equipment under various agreements with original terms providing for fixed monthly payments over periods generally ranging from two to 30 years. Certain leases may include options to extend or terminate the lease. Only those renewal and termination options which Peoples is reasonably certain of exercising are included in the calculation of the lease liability. Certain leases contain rent escalation clauses calling for rent increases over the term of the lease, which are included in the calculation of the lease liability. At June 30, 2025, Peoples did not have any leases that met the criteria for finance leases. Right of Use ("ROU") assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement or the remeasurement date of a lease based on the present value of lease payments over the remaining lease term. Operating lease ROU assets include lease payments made at or before the commencement date and initial indirect costs. Operating lease ROU assets are presented net of any lease incentives. Short-term leases of certain facilities and equipment, with lease terms of 12 months or less, are recognized on a straight-line basis over the lease term and do not have an ROU asset or lease liability.

The table below details Peoples' lease expense, which is included in "Net occupancy and equipment expense" in the Unaudited Consolidated Statements of Operations:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Operating lease expense	$	637	$	733	$	1,318	$	1,468
Short-term lease expense	683		327		1,078		633
Variable lease expense	9		5		18		5
Total lease expense	$	1,329	$	1,065	$	2,414	$	2,106

Peoples utilizes an incremental borrowing rate to determine the present value of lease payments for each lease, as the lease agreements do not provide an implicit rate. The estimated incremental borrowing rate reflects a secured rate and is based on the term of the lease.

The following table details the ROU assets, the lease liabilities and other information related to Peoples' operating leases at the dates shown:


(Dollars in thousands)	June 30, 2025			December 31, 2024
ROU assets:
Other assets	$	10,404		$	10,419
Lease liabilities:
Accrued expenses and other liabilities	$	10,968		$	10,968
Other information:
Weighted-average remaining lease term	8.7 years			9.0 years
Weighted-average discount rate	4.15		%	4.11		%
Additions for ROU assets obtained during the year	$	481		$	1,660

During both the three months ended June 30, 2025 and 2024, Peoples paid cash of $0.7 million for operating leases. During the six months ended June 30, 2025 and 2024, Peoples paid cash of $1.3 million and $1.4 million, respectively, for operating leases.

The following table summarizes the maturity of remaining lease liabilities:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	1,269
Year ending December 31, 2026	2,413
Year ending December 31, 2027	2,146
Year ending December 31, 2028	1,625
Year ending December 31, 2029	1,173
Thereafter	4,608
Total undiscounted lease payments	$	13,234
Imputed interest	$	(2,266)
Total lease liabilities	$	10,968

Peoples has elected certain practical expedients, in accordance with ASC 842 - Leases ("ASC 842"). As a lessor, Peoples has made an accounting policy election to exclude from the consideration in the contract, and from variable payments not included in the consideration in the contract, all sales and other similar taxes assessed. Peoples has also made an accounting policy election to account for each separate lease component of a contract and its associated non-lease components as a single lease component for all leases subject to ASC 842.

Lessor Arrangements

Peoples began originating leases with the acquisition of leases from NSL and increased its portfolio with the acquisition of Vantage. The leases for NSL were determined to be sales-type leases, as the premise for the leases is dollar buy-out, whereby the lessee pays one dollar at maturity of the lease to purchase the equipment. The leases for Vantage were determined to be primarily sales-type leases, as the payment structure and term triggered that accounting treatment, whereby either (i) the lease is structured as a fair market value buyout, whereby the lessee has the option to purchase the leased equipment at its fair market value at maturity of the lease, or (ii) the lessee purchases the leased equipment for one dollar at maturity of the lease. Originated leases are primarily classified as sales-type leases, and to a lesser extent, operating leases. These leases do not typically contain residual value guarantees; however, Peoples reduces its residual asset risk by obtaining a security deposit from the lessee. As a lessor, Peoples originates commercial equipment leases either directly to the customer or indirectly through vendor programs. Equipment leases relate to automotive, construction, healthcare, manufacturing, office, restaurant, information technology and other equipment. These leases include an estimated residual value, which is assessed for impairment as part of the allowance for credit losses. Operating leases are leases that do not meet the criteria of a sales-type lease. When Peoples originates an operating lease, it records an operating lease asset recognized in “Other assets” which is depreciated over its useful life. Operating leases assets are assessed for impairment consistent with Peoples’ fixed assets.

Sales-type leases originated by Peoples, that Peoples has the positive intent and ability to hold for the foreseeable future or to maturity or payoff, are reported at the net investment of the lease, net of initial direct costs, charge-offs and an allowance for credit losses. Peoples considers leases past due if any required payments have not been received as of the date such payments were required to be made under the terms of the lease agreement. Upon detection of the reduced ability of a lessee to meet cash flow obligations, leases are typically charged down to the net realizable value, with the residual balance placed on nonaccrual status. Leases deemed to be uncollectable are charged against the allowance for credit losses, while recoveries of previously charged-off amounts are credited to the allowance for credit losses.

Lease income noted in the table below includes (i) operating lease income, (ii) gains on the early termination of leases, net of any associated purchase accounting adjustments, (iii) month-to-month lease payments in excess of net investment in the lease, (iv) fees received for referrals, (v) gains and losses recognized on the sales of residual assets and (vi) syndication income. Additional information regarding Peoples' leases can be found in "Note 4 Loans and Leases."

The table below details Peoples' lease income:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Interest and fees on leases (a)	$	10,287	$	11,982	$	20,485	$	24,049
Lease income	4,211		2,168		7,679		4,189

Total lease income	$	14,498	$	14,150	$	28,164	$	28,238

(a)Included in "Interest and fees on loans and leases" in the Unaudited Consolidated Statements of Operations. For additional information, see "Note 4 Loans and Leases" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

The following table summarizes the net investment in leases, which is included in "Loans and leases, net of deferred fees and costs" on the Unaudited Consolidated Balance Sheets:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Lease payments receivable, at amortized cost	$	430,198	$	448,027
Estimated residual values	33,831		33,129
Initial direct costs	6,002		7,148
Deferred revenue	(69,979)		(81,706)
Net investment in leases	400,052		406,598
Allowance for credit losses - leases	(19,633)		(12,893)
Net investment in leases, after allowance for credit losses	$	380,419	$	393,705

The following table summarizes the contractual maturities of leases:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	96,864
Year ending December 31, 2026	91,899
Year ending December 31, 2027	86,456
Year ending December 31, 2028	80,572
Year ending December 31, 2029	49,719
Thereafter	24,688
Lease payments receivable, at amortized cost	$	430,198

Lessee Arrangements

Peoples leases certain banking facilities and equipment under various agreements with original terms providing for fixed monthly payments over periods generally ranging from two to 30 years. Certain leases may include options to extend or terminate the lease. Only those renewal and termination options which Peoples is reasonably certain of exercising are included in the calculation of the lease liability. Certain leases contain rent escalation clauses calling for rent increases over the term of the lease, which are included in the calculation of the lease liability. At June 30, 2025, Peoples did not have any leases that met the criteria for finance leases. Right of Use ("ROU") assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement or the remeasurement date of a lease based on the present value of lease payments over the remaining lease term. Operating lease ROU assets include lease payments made at or before the commencement date and initial indirect costs. Operating lease ROU assets are presented net of any lease incentives. Short-term leases of certain facilities and equipment, with lease terms of 12 months or less, are recognized on a straight-line basis over the lease term and do not have an ROU asset or lease liability.

The table below details Peoples' lease expense, which is included in "Net occupancy and equipment expense" in the Unaudited Consolidated Statements of Operations:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Operating lease expense	$	637	$	733	$	1,318	$	1,468
Short-term lease expense	683		327		1,078		633
Variable lease expense	9		5		18		5
Total lease expense	$	1,329	$	1,065	$	2,414	$	2,106

Peoples utilizes an incremental borrowing rate to determine the present value of lease payments for each lease, as the lease agreements do not provide an implicit rate. The estimated incremental borrowing rate reflects a secured rate and is based on the term of the lease.

The following table details the ROU assets, the lease liabilities and other information related to Peoples' operating leases at the dates shown:


(Dollars in thousands)	June 30, 2025			December 31, 2024
ROU assets:
Other assets	$	10,404		$	10,419
Lease liabilities:
Accrued expenses and other liabilities	$	10,968		$	10,968
Other information:
Weighted-average remaining lease term	8.7 years			9.0 years
Weighted-average discount rate	4.15		%	4.11		%
Additions for ROU assets obtained during the year	$	481		$	1,660

During both the three months ended June 30, 2025 and 2024, Peoples paid cash of $0.7 million for operating leases. During the six months ended June 30, 2025 and 2024, Peoples paid cash of $1.3 million and $1.4 million, respectively, for operating leases.

The following table summarizes the maturity of remaining lease liabilities:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	1,269
Year ending December 31, 2026	2,413
Year ending December 31, 2027	2,146
Year ending December 31, 2028	1,625
Year ending December 31, 2029	1,173
Thereafter	4,608
Total undiscounted lease payments	$	13,234
Imputed interest	$	(2,266)
Total lease liabilities	$	10,968

Peoples has elected certain practical expedients, in accordance with ASC 842 - Leases ("ASC 842"). As a lessor, Peoples has made an accounting policy election to exclude from the consideration in the contract, and from variable payments not included in the consideration in the contract, all sales and other similar taxes assessed. Peoples has also made an accounting policy election to account for each separate lease component of a contract and its associated non-lease components as a single lease component for all leases subject to ASC 842.

Lessor Arrangements

Peoples began originating leases with the acquisition of leases from NSL and increased its portfolio with the acquisition of Vantage. The leases for NSL were determined to be sales-type leases, as the premise for the leases is dollar buy-out, whereby the lessee pays one dollar at maturity of the lease to purchase the equipment. The leases for Vantage were determined to be primarily sales-type leases, as the payment structure and term triggered that accounting treatment, whereby either (i) the lease is structured as a fair market value buyout, whereby the lessee has the option to purchase the leased equipment at its fair market value at maturity of the lease, or (ii) the lessee purchases the leased equipment for one dollar at maturity of the lease. Originated leases are primarily classified as sales-type leases, and to a lesser extent, operating leases. These leases do not typically contain residual value guarantees; however, Peoples reduces its residual asset risk by obtaining a security deposit from the lessee. As a lessor, Peoples originates commercial equipment leases either directly to the customer or indirectly through vendor programs. Equipment leases relate to automotive, construction, healthcare, manufacturing, office, restaurant, information technology and other equipment. These leases include an estimated residual value, which is assessed for impairment as part of the allowance for credit losses. Operating leases are leases that do not meet the criteria of a sales-type lease. When Peoples originates an operating lease, it records an operating lease asset recognized in “Other assets” which is depreciated over its useful life. Operating leases assets are assessed for impairment consistent with Peoples’ fixed assets.

Sales-type leases originated by Peoples, that Peoples has the positive intent and ability to hold for the foreseeable future or to maturity or payoff, are reported at the net investment of the lease, net of initial direct costs, charge-offs and an allowance for credit losses. Peoples considers leases past due if any required payments have not been received as of the date such payments were required to be made under the terms of the lease agreement. Upon detection of the reduced ability of a lessee to meet cash flow obligations, leases are typically charged down to the net realizable value, with the residual balance placed on nonaccrual status. Leases deemed to be uncollectable are charged against the allowance for credit losses, while recoveries of previously charged-off amounts are credited to the allowance for credit losses.

Lease income noted in the table below includes (i) operating lease income, (ii) gains on the early termination of leases, net of any associated purchase accounting adjustments, (iii) month-to-month lease payments in excess of net investment in the lease, (iv) fees received for referrals, (v) gains and losses recognized on the sales of residual assets and (vi) syndication income. Additional information regarding Peoples' leases can be found in "Note 4 Loans and Leases."

The table below details Peoples' lease income:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Interest and fees on leases (a)	$	10,287	$	11,982	$	20,485	$	24,049
Lease income	4,211		2,168		7,679		4,189

Total lease income	$	14,498	$	14,150	$	28,164	$	28,238

(a)Included in "Interest and fees on loans and leases" in the Unaudited Consolidated Statements of Operations. For additional information, see "Note 4 Loans and Leases" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

The following table summarizes the net investment in leases, which is included in "Loans and leases, net of deferred fees and costs" on the Unaudited Consolidated Balance Sheets:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Lease payments receivable, at amortized cost	$	430,198	$	448,027
Estimated residual values	33,831		33,129
Initial direct costs	6,002		7,148
Deferred revenue	(69,979)		(81,706)
Net investment in leases	400,052		406,598
Allowance for credit losses - leases	(19,633)		(12,893)
Net investment in leases, after allowance for credit losses	$	380,419	$	393,705

The following table summarizes the contractual maturities of leases:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	96,864
Year ending December 31, 2026	91,899
Year ending December 31, 2027	86,456
Year ending December 31, 2028	80,572
Year ending December 31, 2029	49,719
Thereafter	24,688
Lease payments receivable, at amortized cost	$	430,198

Lessee Arrangements

Peoples leases certain banking facilities and equipment under various agreements with original terms providing for fixed monthly payments over periods generally ranging from two to 30 years. Certain leases may include options to extend or terminate the lease. Only those renewal and termination options which Peoples is reasonably certain of exercising are included in the calculation of the lease liability. Certain leases contain rent escalation clauses calling for rent increases over the term of the lease, which are included in the calculation of the lease liability. At June 30, 2025, Peoples did not have any leases that met the criteria for finance leases. Right of Use ("ROU") assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement or the remeasurement date of a lease based on the present value of lease payments over the remaining lease term. Operating lease ROU assets include lease payments made at or before the commencement date and initial indirect costs. Operating lease ROU assets are presented net of any lease incentives. Short-term leases of certain facilities and equipment, with lease terms of 12 months or less, are recognized on a straight-line basis over the lease term and do not have an ROU asset or lease liability.

The table below details Peoples' lease expense, which is included in "Net occupancy and equipment expense" in the Unaudited Consolidated Statements of Operations:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Operating lease expense	$	637	$	733	$	1,318	$	1,468
Short-term lease expense	683		327		1,078		633
Variable lease expense	9		5		18		5
Total lease expense	$	1,329	$	1,065	$	2,414	$	2,106

Peoples utilizes an incremental borrowing rate to determine the present value of lease payments for each lease, as the lease agreements do not provide an implicit rate. The estimated incremental borrowing rate reflects a secured rate and is based on the term of the lease.

The following table details the ROU assets, the lease liabilities and other information related to Peoples' operating leases at the dates shown:


(Dollars in thousands)	June 30, 2025			December 31, 2024
ROU assets:
Other assets	$	10,404		$	10,419
Lease liabilities:
Accrued expenses and other liabilities	$	10,968		$	10,968
Other information:
Weighted-average remaining lease term	8.7 years			9.0 years
Weighted-average discount rate	4.15		%	4.11		%
Additions for ROU assets obtained during the year	$	481		$	1,660

During both the three months ended June 30, 2025 and 2024, Peoples paid cash of $0.7 million for operating leases. During the six months ended June 30, 2025 and 2024, Peoples paid cash of $1.3 million and $1.4 million, respectively, for operating leases.

The following table summarizes the maturity of remaining lease liabilities:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	1,269
Year ending December 31, 2026	2,413
Year ending December 31, 2027	2,146
Year ending December 31, 2028	1,625
Year ending December 31, 2029	1,173
Thereafter	4,608
Total undiscounted lease payments	$	13,234
Imputed interest	$	(2,266)
Total lease liabilities	$	10,968

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Pay vs Performance Disclosure
Net income	$ 21,212	$ 29,007	$ 45,548	$ 58,591

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Non-Rule 10b5-1 Arrangement Adopted

Insider Trading Arrangements

3 Months Ended

Jun. 30, 2025

shares

Trading Arrangements, by Individual

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Carol A. Schneeberger [Member]

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Trading Arrangement

Action

Date

Rule 10b5-1*

Total Common Shares to be Sold

Expiration Date

Carol A. Schneeberger

Director

Adopt

6/5/2025

X

12,000

9/8/2026

*Intended to satisfy the affirmative defense of Rule 10b5-1(c)

Name

Carol A. Schneeberger

Title

Director

Rule 10b5-1 Arrangement Adopted

true

6/5/2025

9/8/2026

460 days

12,000

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2025
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying Unaudited Condensed Consolidated Financial Statements of Peoples Bancorp Inc. and its subsidiaries ("Peoples" refers to Peoples Bancorp Inc. and its consolidated subsidiaries collectively, except where the context indicates the reference relates solely to Peoples Bancorp Inc.) have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP") for interim financial information and the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not contain all of the information and footnotes required by US GAAP for annual financial statements and should be read in conjunction with Peoples’ Annual Report on Form 10-K for the fiscal year ended December 31, 2024 ("Peoples' 2024 Form 10-K"). The accounting and reporting policies followed in the presentation of the accompanying Unaudited Condensed Consolidated Financial Statements are consistent with those described in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples’ 2024 Form 10-K, as updated by the information contained in this Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 (this "Form 10-Q"). Management has evaluated all significant events and transactions that occurred after June 30, 2025 for potential recognition or disclosure in these Unaudited Condensed Consolidated Financial Statements. In the opinion of management, these Unaudited Condensed Consolidated Financial Statements reflect all adjustments necessary to present fairly such information for the periods and at the dates indicated. Such adjustments are normal and recurring in nature. Certain items in prior financial statements have been reclassified to conform to the current presentation, which had no impact on net income, total comprehensive income, net cash provided by operating, financing, or investing activities or total stockholders’ equity. The impact of such changes are not considered material to Peoples' financial statements. Intercompany accounts and transactions have been eliminated. The Consolidated Balance Sheet at December 31, 2024, contained herein, has been derived from the audited Consolidated Balance Sheet included in Peoples’ 2024 Form 10-K. The preparation of the condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year, due in part to seasonal variations and unusual or infrequently occurring items.
Operating Segments	Operating Segments: As a community banking entity, Peoples offers its customers a full range of products including a complete line of banking, leasing, insurance, investment and trust solutions. Peoples’ business activities are currently confined to a single reportable operating segment, which is community banking. Peoples’ single operating segment was determined based on the similar economic characteristics shared by the components of community banking. Peoples’ chief operating decision maker (“CODM”) is composed of its President and Chief Executive Officer, and its Chief Financial Officer. Peoples’ CODM considers all components of consolidated interest income, interest expense, non-interest income, and non-interest expense as presented in Peoples’ Consolidated Statements of Operations for the purposes of assessing performance of Peoples’ single reportable segment and allocating resources within its reportable segment. The CODM does not review segment revenue or expense information at a lower level than what is included in Peoples’ Consolidated Statements of Operations.
New Accounting Pronouncements	New Accounting Pronouncements: From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other standard setting bodies that are adopted by Peoples as of the required effective dates. Refer to "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples’ 2024 Form 10-K for the impact of recently issued standards impacting Peoples. Unless otherwise discussed, management believes the impact of any recently issued standards, including those issued but not yet effective, will not have a material impact on Peoples' financial statements taken as a whole.

Disclosure of accounting policy for segment reporting.

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Summary of Assets Measured on a Recurring Basis

Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

The following table provides the fair value for assets and liabilities required to be measured and reported at fair value on a recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy.


	Recurring Fair Value Measurements at Reporting Date
	June 30, 2025				December 31, 2024
(Dollars in thousands)	Level 1		Level 2			Level 1		Level 2

Assets:
Available-for-sale investment securities:
Obligations of:
U.S. Treasury and government agencies	$	13,880	$	—		$	15,196	$	—
U.S. government sponsored agencies	—		210,856			—		209,083
States and political subdivisions	—		193,363			—		196,301
Residential mortgage-backed securities	—		576,541			—		601,802
Commercial mortgage-backed securities	—		52,699			—		55,065
Bank-issued trust preferred securities	—		4,158			—		6,108

Total available-for-sale securities	$	13,880	$	1,037,617		$	15,196	$	1,068,359
Equity investment securities (a)	194		245			197		244
Nonqualified deferred compensation (a) (b)	5,703		—			4,898		—
Derivative assets (c)	—		11,452			—		18,743
Liabilities:
Derivative liabilities (d)	$	—	$	10,658		$	—	$	17,046

(a) Included in "Other investments" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 3 Investment Securities" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(b) Investments in the nonqualified deferred compensation plan consist of mutual funds.

(c) Included in "Other assets" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(d) Included in "Accrued expenses and other liabilities" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

Summary of Assets and Liabilities Measured on a Non-Recurring Basis

The following table provides the fair value for each class of assets and liabilities required to be measured and reported at fair value on a non-recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy at June 30, 2025 and December 31, 2024.


	Non-Recurring Fair Value Measurements at Reporting Date
	June 30, 2025				December 31, 2024
(Dollars in thousands)	Level 2		Level 3		Level 2		Level 3

Assets:
Collateral dependent loans	$	—	$	7,097	$	—	$	4,375
Loans held for sale (a)	1,043		—		1,499		—
Other real estate owned	—		—		—		5,891

(a) Loans held for sale are presented gross of a valuation allowance of $80 and $166 at June 30, 2025 and at December 31, 2024, respectively.

Summary of Financial Instruments Not Required to be Measured at Fair Value

The following table provides the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Unaudited Consolidated Balance Sheets.


	Fair Value Measurements of Other Financial Instruments
(Dollars in thousands)	Fair Value Hierarchy Level	June 30, 2025				December 31, 2024
		Carrying Amount		Fair Value		Carrying Amount		Fair Value

Assets:
Cash and cash equivalents	1	$	186,075	186,075		$	217,664	$	217,664




Held-to-maturity investment securities:
Obligations of:
U.S. government sponsored agencies	2	299,183		291,290		233,302		223,294
States and political subdivisions (a)	2	142,319		112,450		142,691		110,848
Residential mortgage-backed securities	2	360,559		343,904		300,290		276,278
Commercial mortgage-backed securities	2	98,195		83,967		98,754		82,079

Total held-to-maturity securities		900,256		831,611		775,037		692,499


Other investments:
Other investments at cost:
Federal Home Loan Bank ("FHLB") stock	3	30,501		30,501		24,606		24,606
Federal Reserve Bank ("FRB") stock	3	27,114		27,114		27,114		27,114
Other investments (b)	3	3,780		3,780		3,073		3,073

Total other investments at cost		61,395		61,395		54,793		54,793





Loans and leases, net of deferred fees and costs (c)	3	6,601,589		6,553,043		6,358,003		6,240,751
Bank owned life insurance	2	145,954		145,954		143,710		143,710
Liabilities:
Deposits	2	$	7,637,208	$	6,702,960	$	7,590,205	$	6,713,360
Short-term borrowings	2	396,860		411,558		193,474		192,964
Long-term borrowings	2	232,391		240,997		238,073		258,195

(a) Obligations of states and political subdivisions are presented gross of an allowance for credit losses of $237 at both June 30, 2025 and December 31, 2024.

(b) "Other investments", as reported on the Unaudited Consolidated Balance Sheets, also included equity investment securities at June 30, 2025

and at December 31, 2024, which are reported in the "Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis"

table above and not included in this table.

(c) Loans and leases, net of deferred fees and costs, are presented gross of an allowance for credit losses of $74.7 million and $63.3 million at June 30, 2025 and at December 31, 2024, respectively.

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-sale Investment Securities

The following table summarizes Peoples' available-for-sale investment securities:


(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2025
Obligations of:
U.S. Treasury and government agencies	$	13,716	$	180	$	(16)	$	13,880
U.S. government sponsored agencies	220,999		220		(10,363)		210,856
States and political subdivisions	220,234		51		(26,922)		193,363
Residential mortgage-backed securities	650,746		1,942		(76,147)		576,541
Commercial mortgage-backed securities	59,897		1		(7,199)		52,699
Bank-issued trust preferred securities	4,500		4		(346)		4,158

Total available-for-sale securities	$	1,170,092	$	2,398	$	(120,993)	$	1,051,497
December 31, 2024
Obligations of:
U.S. Treasury and government agencies	$	15,317	$	87	$	(208)	$	15,196
U.S. government sponsored agencies	224,167		53		(15,137)		209,083
States and political subdivisions	225,074		16		(28,789)		196,301
Residential mortgage-backed securities	693,886		1,391		(93,475)		601,802
Commercial mortgage-backed securities	64,438		36		(9,409)		55,065
Bank-issued trust preferred securities	6,500		—		(392)		6,108

Total available-for-sale securities	$	1,229,382	$	1,583	$	(147,410)	$	1,083,555

Summary of Gross Gains and Losses from Sales of Available-for-sale Securities

The gross gains and losses realized by Peoples from sales or prepayments of available-for-sale securities for the periods ended June 30 were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Gross gains realized	$	—	$	—	$	25	$	—
Gross losses realized	—		(353)		(27)		(354)
Net loss realized	$	—	$	(353)	$	(2)	$	(354)

Summary of Available-for-sale Securities with Unrealized Loss

The following table presents a summary of available-for-sale investment securities that have been in a continuous unrealized loss position for the periods identified:


	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss
June 30, 2025
Obligations of:
U.S. Treasury and government agencies	$	983	$	5	4	$	1,578	$	11	7	$	2,561	$	16
U.S. government sponsored agencies	106,894		3,443		24	72,437		6,920		13	179,331		10,363
States and political subdivisions	17,399		1,056		34	164,776		25,866		151	182,175		26,922
Residential mortgage-backed securities	57,009		1,117		42	463,844		75,030		252	520,853		76,147
Commercial mortgage-backed securities	8,210		58		7	44,367		7,141		23	52,577		7,199
Bank-issued trust preferred securities	—		—		—	3,653		346		2	3,653		346

Total	$	190,495	$	5,679	111	$	750,655	$	115,314	448	$	941,150	$	120,993
December 31, 2024
Obligations of:
U.S. Treasury and government agencies	$	10,003	$	174	11	$	2,299	$	34	10	$	12,302	$	208
U.S. government sponsored agencies	130,518		5,816		27	70,982		9,321		13	201,500		15,137
States and political subdivisions	28,400		1,188		55	160,210		27,601		138	188,610		28,789
Residential mortgage-backed securities	85,043		2,300		69	482,609		91,175		256	567,652		93,475
Commercial mortgage-backed securities	2,868		93		5	46,619		9,316		24	49,487		9,409
Bank-issued trust preferred securities	493		7		1	5,614		385		3	6,107		392

Total	$	257,325	$	9,578	168	$	768,333	$	137,832	444	$	1,025,658	$	147,410

Summary of Investment Securities by Contractual Maturity

The table below presents the amortized cost, fair value and total weighted-average yield of available-for-sale securities by contractual maturity at June 30, 2025. The weighted-average yields are based on the amortized cost. In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.


(Dollars in thousands)	Within 1 Year			1 to 5 Years			5 to 10 Years			Over 10 Years			Total
Amortized cost
Obligations of:
U.S. Treasury and government agencies	$	588		$	1,274		$	6,463		$	5,391		$	13,716
U.S. government sponsored agencies	1,493			67,703			73,898			77,905			220,999
States and political subdivisions	7,946			38,885			79,331			94,072			220,234
Residential mortgage-backed securities	19			3,719			49,248			597,760			650,746
Commercial mortgage-backed securities	995			9,912			25,976			23,014			59,897
Bank-issued trust preferred securities	—			1,500			3,000			—			4,500

Total available-for-sale securities	$	11,041		$	122,993		$	237,916		$	798,142		$	1,170,092
Fair value
Obligations of:
U.S. Treasury and government agencies	$	587		$	1,276		$	6,614		$	5,403		$	13,880
U.S. government sponsored agencies	1,465			63,622			71,188			74,581			210,856
States and political subdivisions	7,878			37,138			68,785			79,562			193,363
Residential mortgage-backed securities	19			3,654			46,348			526,520			576,541
Commercial mortgage-backed securities	994			9,298			22,706			19,701			52,699
Bank-issued trust preferred securities	—			1,467			2,691			—			4,158

Total available-for-sale securities	$	10,943		$	116,455		$	218,332		$	705,767		$	1,051,497
Total weighted-average yield	2.81		%	2.00		%	2.87		%	2.76		%	2.70		%

The table below presents the amortized cost, fair value and total weighted-average yield of held-to-maturity investment securities by contractual maturity at June 30, 2025. The weighted-average yields are based on the amortized cost and are computed on a fully taxable-equivalent basis using a federal statutory corporate income tax rate of 21% at June 30, 2025. In some cases, the issuers may have the right to call or prepay obligations without call or prepayment penalties prior to the contractual maturity date.


(Dollars in thousands)	Within 1 Year		1 to 5 Years		5 to 10 Years		Over 10 Years		Total
Amortized cost
Obligations of:
U.S. government sponsored agencies	$	2,926	$	5,691	$	153,914	$	136,652	$	299,183
States and political subdivisions	2,799		6,580		23,210		109,730		142,319
Residential mortgage-backed securities	94		—		3,703		356,762		360,559
Commercial mortgage-backed securities	2,000		10,770		34,068		51,357		98,195
Total held-to-maturity investment securities	$	7,819	$	23,041	$	214,895	$	654,501	$	900,256
Fair value
Obligations of:
U.S. government sponsored agencies	$	2,864	$	5,368	$	153,667	$	129,391	$	291,290
States and political subdivisions	2,793		6,327		19,173		84,157		112,450
Residential mortgage-backed securities	93		—		3,352		340,459		343,904
Commercial mortgage-backed securities	2,000		10,004		30,031		41,932		83,967
Total held-to-maturity investment securities	$	7,750	$	21,699	$	206,223	$	595,939	$	831,611
Total weighted-average yield	1.91%		1.90%		4.15%		4.02%		3.98%

Summary of Held-to-maturity Investment Securities

The following table summarizes Peoples’ held-to-maturity investment securities:


(Dollars in thousands)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2025
Obligations of:
U.S. government sponsored agencies	$	299,183	$	—	$	468	$	(8,361)	$	291,290
States and political subdivisions	142,319		(237)		109		(29,741)		112,450
Residential mortgage-backed securities	360,559		—		1,703		(18,358)		343,904
Commercial mortgage-backed securities	98,195		—		—		(14,228)		83,967
Total held-to-maturity investment securities	$	900,256	$	(237)	$	2,280	$	(70,688)	$	831,611
December 31, 2024
Obligations of:
U.S. government sponsored agencies	$	233,302	$	—	$	219	$	(10,227)	$	223,294
States and political subdivisions	142,691		(237)		110		(31,716)		110,848
Residential mortgage-backed securities	300,290		—		281		(24,293)		276,278
Commercial mortgage-backed securities	98,754		—		—		(16,675)		82,079
Total held-to-maturity investment securities	$	775,037	$	(237)	$	610	$	(82,911)	$	692,499

Summary of Held-to-maturity Securities with Unrealized Loss

The following table presents a summary of held-to-maturity investment securities that had been in a continuous unrealized loss position for the periods identified:


	Less than 12 Months					12 Months or More					Total
(Dollars in thousands)	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss		No. of Securities	Fair Value		Unrealized Loss
June 30, 2025
Obligations of:
U.S. government sponsored agencies	$	137,853	$	1,552	25	$	37,108	$	6,809	10	$	174,961	$	8,361
States and political subdivisions	895		107		1	108,382		29,634		66	109,277		29,741
Residential mortgage-backed securities	58,212		988		11	129,811		17,370		43	188,023		18,358
Commercial mortgage-backed securities	6,779		99		2	75,188		14,129		32	81,967		14,228
Total	$	203,739	$	2,746	39	$	350,489	$	67,942	151	$	554,228	$	70,688
December 31, 2024
Obligations of:
U.S. government sponsored agencies	$	150,390	$	2,464	29	$	38,901	$	7,763	11	$	189,291	$	10,227
States and political subdivisions	957		44		1	106,716		31,672		66	107,673		31,716
Residential mortgage-backed securities	116,576		2,808		27	130,556		21,485		43	247,132		24,293
Commercial mortgage-backed securities	9,603		1,381		5	70,476		15,294		29	80,079		16,675
Total	$	277,526	$	6,697	62	$	346,649	$	76,214	149	$	624,175	$	82,911

Summary of Other Investment Securities

The following table summarizes the carrying value of Peoples' other investments:


(Dollars in thousands)	June 30, 2025		December 31, 2024
FHLB stock	$	30,501	$	24,606
FRB stock	27,114		27,114
Nonqualified deferred compensation	5,703		4,898
Equity investment securities	3,351		2,645
Other investments	869		869
Total other investments	$	67,538	$	60,132

Summary of Pledged Securities

The following table summarizes the carrying amount of Peoples' pledged securities:


	Carrying Amount
(Dollars in thousands)	June 30, 2025		December 31, 2024

Securing public and trust department deposits, and repurchase agreements:
Available-for-sale	$	491,562	$	505,963
Held-to-maturity	614,012		563,014



Securing additional borrowing capacity at the FHLB and the FRB:
Available-for-sale	3,050		3,119
Held-to-maturity	1,200		1,215

Loans pledged are summarized as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Loans pledged to FHLB	$	1,221,706	$	1,218,496
Loans pledged to FRB	497,496		527,989

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Summary of Loans by Classification

Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

The major classifications of loan balances (in each case, net of deferred fees and costs) excluding loans held for sale, were as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Construction	$	341,313	$	328,388
Commercial real estate, other	2,248,214		2,156,013
Commercial and industrial	1,407,382		1,347,645
Premium finance	277,622		269,435
Leases	400,052		406,598
Residential real estate	877,968		835,101
Home equity lines of credit	241,785		232,661
Consumer, indirect	692,674		669,857
Consumer, direct	113,615		111,052
Deposit account overdrafts	964		1,253
Total loans, at amortized cost	$	6,601,589	$	6,358,003

Summary of Nonaccrual and Past Due Loans

The amortized cost of loans on nonaccrual status and of loans delinquent for 90 days or more and accruing was as follows:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Nonaccrual (a)		Accruing Loans 90+ Days Past Due		Nonaccrual (a)		Accruing Loans 90+ Days Past Due

Commercial real estate, other	4,824		494		7,136		227
Commercial and industrial	5,514		36		6,809		78
Premium finance	—		3,533		—		4,947
Leases	11,907		547		8,850		803
Residential real estate	8,028		1,192		7,329		2,166
Home equity lines of credit	1,339		108		1,498		213
Consumer, indirect	2,697		98		2,374		159
Consumer, direct	176		118		133		44
Total loans, at amortized cost	$	34,485	$	6,126	$	34,129	$	8,637

(a) There were $0.0 million and $5.7 million of nonaccrual loans for which there was no allowance for credit losses at June 30, 2025 and at December 31, 2024, respectively.

Summary of Aging of The Recorded Investment In Past Due Loans and Leases

The following table presents the aging of the amortized cost of past due loans:


	Loans Past Due								Current Loans		Total Loans
(Dollars in thousands)	30 - 59 days		60 - 89 days		90 + Days		Total
June 30, 2025
Construction	$	—	$	—	$	—	$	—	$	341,313	$	341,313
Commercial real estate, other	1,762		471		2,767		5,000		2,243,214		2,248,214
Commercial and industrial	1,814		5,058		3,189		10,061		1,397,321		1,407,382
Premium finance	1,921		1,227		3,533		6,681		270,941		277,622
Leases	2,595		3,178		12,150		17,923		382,129		400,052
Residential real estate	1,881		2,746		4,169		8,796		869,172		877,968
Home equity lines of credit	1,697		362		687		2,746		239,039		241,785
Consumer, indirect	5,770		1,228		1,228		8,226		684,448		692,674
Consumer, direct	523		170		196		889		112,726		113,615
Deposit account overdrafts	—		—		—		—		964		964
Total loans, at amortized cost	$	17,963	$	14,440	$	27,919	$	60,322	$	6,541,267	$	6,601,589
December 31, 2024
Construction	$	—	$	—	$	—	$	—	$	328,388	$	328,388
Commercial real estate, other	1,300		1,585		6,008		8,893		2,147,120		2,156,013
Commercial and industrial	1,651		583		4,551		6,785		1,340,860		1,347,645
Premium finance	3,863		456		4,947		9,266		260,169		269,435
Leases	10,941		5,241		9,575		25,757		380,841		406,598
Residential real estate	11,481		3,038		5,271		19,790		815,311		835,101
Home equity lines of credit	1,473		317		1,093		2,883		229,778		232,661
Consumer, indirect	7,568		1,522		1,326		10,416		659,441		669,857
Consumer, direct	884		113		138		1,135		109,917		111,052
Deposit account overdrafts	—		—		—		—		1,253		1,253
Total loans, at amortized cost	$	39,161	$	12,855	$	32,909	$	84,925	$	6,273,078	$	6,358,003

Summary of Pledged Securities

The following table summarizes the carrying amount of Peoples' pledged securities:


	Carrying Amount
(Dollars in thousands)	June 30, 2025		December 31, 2024

Securing public and trust department deposits, and repurchase agreements:
Available-for-sale	$	491,562	$	505,963
Held-to-maturity	614,012		563,014



Securing additional borrowing capacity at the FHLB and the FRB:
Available-for-sale	3,050		3,119
Held-to-maturity	1,200		1,215

Loans pledged are summarized as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Loans pledged to FHLB	$	1,221,706	$	1,218,496
Loans pledged to FRB	497,496		527,989

Summary of Loans by Risk Category

The following table summarizes the risk category of loans within Peoples' loan portfolio, including acquired loans, based upon the most recent analysis performed at June 30, 2025:



	Term Loans at Amortized Cost by Origination Year														Revolving Loans Converted to Term
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans				Total Loans
Construction
Pass	$	27,127	$	111,863	$	153,579	$	34,756	$	6,531	$	4,812	$	—	$	512	$	338,668

Substandard	—		—		1,137		1,508		—		—		—		—		2,645


Total	27,127		111,863		154,716		36,264		6,531		4,812		—		512		341,313
Current period gross charge-offs (a)	—		—		—		—		—		—						—
Commercial real estate, other
Pass	164,160		146,985		303,272		375,546		371,508		736,658		41,456		1,960		2,139,585
Special mention	84		412		2,300		10,038		10,284		28,900		2,213		47		54,231
Substandard	—		144		1,401		5,289		9,840		35,310		565		2,449		52,549
Doubtful	—		—		—		—		—		1,849		—		—		1,849

Total	164,244		147,541		306,973		390,873		391,632		802,717		44,234		4,456		2,248,214
Current period gross charge-offs (a)	—		—		—		156		—		94						250
Commercial and industrial
Pass	146,063		262,641		193,126		114,098		122,694		221,633		243,170		1,663		1,303,425



	Term Loans at Amortized Cost by Origination Year							Revolving Loans Converted to Term
(Dollars in thousands)	2025	2024	2023	2022	2021	Prior	Revolving Loans		Total Loans
Special mention	751	69	5,419	3,633	6,405	6,940	39,428	—	62,645
Substandard	—	4,572	3,679	10,541	7,642	3,825	8,992	6,193	39,251
Doubtful	—	—	—	2,015	—	46	—	—	2,061

Total	146,814	267,282	202,224	130,287	136,741	232,444	291,590	7,856	1,407,382
Current period gross charge-offs (a)	—	19	161	25	157	574			936
Premium Finance
Pass	219,845	57,030	699	48	—	—	—	—	277,622




Total	219,845	57,030	699	48	—	—	—	—	277,622
Current period gross charge-offs (a)	—	72	68	24	—	—			164
Leases
Pass	99,433	121,736	100,984	42,539	16,020	4,921	—	—	385,633
Special mention	125	760	912	434	322	—	—	—	2,553
Substandard	73	1,230	2,906	1,492	414	2	—	—	6,117
Doubtful	—	1,446	2,358	1,728	208	9	—	—	5,749

Total	99,631	125,172	107,160	46,193	16,964	4,932	—	—	400,052
Current period gross charge-offs (a)	—	1,028	4,166	4,151	945	463			10,753
Residential real estate
Pass	56,495	72,857	62,916	81,391	123,016	470,942	—	—	867,617

Substandard	—	208	882	389	899	7,909	—	—	10,287

Loss	—	5	4	—	—	55	—	—	64
Total	56,495	73,070	63,802	81,780	123,915	478,906	—	—	877,968
Current period gross charge-offs (a)	—	—	27	8	27	80			142
Home equity lines of credit
Pass	24,575	54,046	35,275	36,509	25,521	64,913	22	3,385	240,861

Substandard	—	—	75	250	16	573	—	—	914
Loss	—	—	—	—	—	10	—	—	10
Total	24,575	54,046	35,350	36,759	25,537	65,496	22	3,385	241,785
Current period gross charge-offs (a)	—	—	12	—	—	—			12
Consumer, indirect
Pass	159,626	204,525	140,708	113,985	40,060	30,557	—	—	689,461

Substandard	224	661	651	706	437	397	—	—	3,076

Loss	53	37	17	—	2	28	—	—	137
Total	159,903	205,223	141,376	114,691	40,499	30,982	—	—	692,674
Current period gross charge-offs (a)	194	1,166	1,206	685	210	98			3,559
Consumer, direct
Pass	34,502	30,376	19,898	16,031	6,840	5,686	—	—	113,333



	Term Loans at Amortized Cost by Origination Year													Revolving Loans Converted to Term
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Total Loans
Substandard	—		27		89		60		43		52		—	—	271

Loss	—		1		1		9		—		—		—	—	11
Total	34,502		30,404		19,988		16,100		6,883		5,738		—	—	113,615
Current period gross charge-offs (a)	21		89		49		70		13		9				251
Deposit account overdrafts	964		—		—		—		—		—		—	—	964
Current period gross charge-offs (a)	522		—		—		—		—		—				522
Total loans, at amortized cost	934,100		1,071,631		1,032,288		852,995		748,702		1,626,027		335,846	16,209	6,601,589
Total current period gross charge-offs (a)	$	737	$	2,374	$	5,689	$	5,119	$	1,352	$	1,318			$	16,589
(a) Current period gross charge-offs are for the six months ended as of June 30, 2025.

The following table summarizes the risk category of loans within Peoples' loan portfolio, including acquired loans, based upon the then most recent analysis performed at December 31, 2024:



	Term Loans at Amortized Cost by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Construction
Pass	$	69,862	$	162,605	$	47,133	$	30,592	$	1,845	$	13,540	$	—	$	—	$	325,577
Special mention	—		—		—		—		—		115		—		—		115
Substandard	—		1,161		1,535		—		—		—		—		—		2,696


Total	69,862		163,766		48,668		30,592		1,845		13,655		—		—		328,388
Current period gross charge-offs (a)	—		—		—		—		—		—						—
Commercial real estate, other
Pass	130,971		219,105		366,256		337,905		201,367		751,415		41,122		—		2,048,141
Special mention	271		2,923		11,876		7,197		5,107		10,689		288		—		38,351
Substandard	145		1,073		2,460		18,851		9,234		37,136		612		—		69,511
Doubtful	—		—		—		—		—		10		—		—		10

Total	131,387		223,101		380,592		363,953		215,708		799,250		42,022		—		2,156,013
Current period gross charge-offs (a)	—		—		376		—		—		55						431
Commercial and industrial
Pass	311,631		202,929		134,558		148,288		66,102		152,143		229,821		4,779		1,245,472
Special mention	779		9,019		10,886		4,449		12,049		13,537		19,465		—		70,184
Substandard	200		99		4,791		11,429		3,850		4,430		5,045		49		29,844
Doubtful	—		—		1,987		—		—		158		—		—		2,145

Total	312,610		212,047		152,222		164,166		82,001		170,268		254,331		4,828		1,347,645
Current period gross charge-offs (a)	—		14		—		17		105		532						668
Premium finance
Pass	265,504		3,837		94		—		—		—		—		—		269,435
Total	265,504		3,837		94		—		—		—		—		—		269,435



	Term Loans at Amortized Cost by Origination Year
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans	Revolving Loans Converted to Term	Total Loans
Current period gross charge-offs (a)	67		109		33		—		—		—				209
Leases
Pass	175,449		125,664		61,064		24,181		4,661		2,153		—	—	393,172
Special mention	791		1,529		1,140		365		5		—		—	—	3,830
Substandard	351		2,108		1,777		193		8		—		—	—	4,437
Doubtful	170		2,127		1,859		624		110		269		—	—	5,159

Total	176,761		131,428		65,840		25,363		4,784		2,422		—	—	406,598
Current period gross charge-offs (a)	1,315		5,623		5,421		2,308		301		138				15,106
Residential real estate
Pass	77,130		66,712		85,045		128,359		52,090		414,574		—	—	823,910

Substandard	321		1,088		161		980		306		8,087		—	—	10,943

Loss	—		4		—		—		—		244		—	—	248
Total	77,451		67,804		85,206		129,339		52,396		422,905		—	—	835,101
Current period gross charge-offs (a)	—		—		46		5		—		237				288
Home equity lines of credit
Pass	54,724		37,417		37,752		27,430		16,583		57,303		24	731	231,233

Substandard	—		138		163		16		34		1,069		—	—	1,420

Loss	—		—		—		—		—		8		—	—	8
Total	54,724		37,555		37,915		27,446		16,617		58,380		24	731	232,661
Current period gross charge-offs (a)	—		—		—		—		—		11				11
Consumer, indirect
Pass	239,584		176,115		148,210		56,846		30,231		16,129		—	—	667,115

Substandard	269		557		681		618		312		251		—	—	2,688

Loss	14		—		16		14		—		10		—	—	54
Total	239,867		176,672		148,907		57,478		30,543		16,390		—	—	669,857
Current period gross charge-offs (a)	497		2,207		1,880		691		141		763				6,179
Consumer, direct
Pass	45,978		25,605		21,544		9,614		4,180		3,884		—	—	110,805

Substandard	18		65		46		29		4		73		—	—	235

Loss	—		4		—		—		—		8		—	—	12
Total	45,996		25,674		21,590		9,643		4,184		3,965		—	—	111,052
Current period gross charge-offs (a)	2		154		212		51		12		247				678
Deposit account overdrafts	1,253		—		—		—		—		—		—	—	1,253
Current period gross charge-offs (a)	1,542		$	—	$	—	$	—	$	—	$	—			1,542
Total loans, at amortized cost	1,375,415		1,041,884		941,034		807,980		408,078		1,487,235		296,377	5,559	6,358,003
Current period gross charge-offs (a)	$	3,423	$	8,107	$	7,968	$	3,072	$	559	$	1,983			$	25,112
(a) Current period gross charge-offs are for the year ended as of December 31, 2024.

Summary of Amortized Cost of Collateral Dependent Loans

The following table details Peoples' amortized cost of collateral dependent loans:


(Dollars in thousands)	June 30, 2025		December 31, 2024


Commercial real estate, other	$	1,839		$	2,764

Leases	3,243			652
Commercial and industrial	2,015			959




Total collateral dependent loans	$	7,097		$	4,375

Summary of Financing Receivables Modified

The following tables display the amortized cost of loans that were restructured during the three and six months ended June 30, 2025 and June 30, 2024, presented by loan classification.


	Payment Delay (Only)
(Dollars in thousands)	Payment Deferral		Term Extension		Total		Percentage of Total by Loan Category(a)(b)(c)

During the Three Months Ended June 30, 2025

Commercial real estate	$	—	$	2,602	$	2,602	0.12	%
Commercial and industrial	—		2,477		2,477		0.18	%

Residential real estate	—		192		192		0.02	%




Total	$	—	$	5,271	$	5,271	0.08	%


During the Three Months Ended June 30, 2024


Commercial and industrial	$	—	$	687	$	687	0.05	%
Leasing	174		—		174		0.04	%

Home equity lines of credit	—		64		64		0.03	%
Consumer, indirect	—		8		8		—	%


Total	$	174	$	759	$	933	0.01	%
(a) Based on the amortized cost basis as of period end, divided by the period end amortized cost basis of the corresponding class of financing receivable. (b) The table presented above excludes loans that were paid off or otherwise no longer included in the loan portfolio as of period end. (c) Each with --% is considered not meaningful.


	Payment Delay (Only)
(Dollars in thousands)	Payment Deferral		Term Extension		Principal Forgiveness		Total		Percentage of Total by Loan Category(a)(b)(c)

During the Six Months Ended June 30, 2025

Commercial real estate	$	—	$	4,441	$	—	$	4,441	0.20	%
Commercial and industrial	—		8,638		—		8,638		0.61	%
Leasing	10		—		53		63		0.02	%
Residential real estate	—		192		—		192		0.02	%




Total	$	10	$	13,271	$	53	$	13,334	0.20	%


During the Six Months Ended June 30, 2024

Commercial real estate	—		561		—		561		0.03	%
Commercial and industrial	—		11,171		—		11,171		0.89	%
Leasing	199		—		—		199		0.05	%
Residential real estate	—		76		—		76		0.01	%
Home equity lines of credit	—		64		—		64		0.03	%
Consumer, indirect	—		8		—		8		—	%


Total	$	199	$	11,880	$	—	$	12,079	0.19	%
(a) Based on the amortized cost basis as of period end, divided by the period end amortized cost basis of the corresponding class of financing receivable. (b) The table presented above excludes loans that were paid off or otherwise no longer included in the loan portfolio as of period end. (c) Each with --% is considered not meaningful.

The following tables summarize the financial impacts of loan modifications and payment deferrals made to loans during the three and six months ended June 30, 2025 and June 30, 2024, presented by loan classification.


						Weighted-Average Term Extension (in months)
During the Three Months Ended June 30, 2025

Commercial real estate						4
Commercial and industrial						5

Residential real estate						174




During the Three Months Ended June 30, 2024


Commercial and industrial						28


Home equity lines of credit						120
Consumer, indirect						2


						Weighted-Average Term Extension (in months)
During the Six Months Ended June 30, 2025

Commercial real estate						4
Commercial and industrial						7

Residential real estate						174




During the Six Months Ended June 30, 2024

Commercial real estate						6
Commercial and industrial						7
Leasing						9
Residential real estate						2
Home equity lines of credit						120
Consumer, indirect						2

The following table displays an aging analysis of loans that were modified during the 12 months prior to June 30, 2025 and June 30, 2024, respectively, presented by classification and class of financing receivable.


As of June 30, 2025
(Dollars in thousands)	30-59 Days Delinquent		60-89 Days Delinquent		90+ Days Delinquent		Total Delinquent		Current		Total

Commercial real estate	$	—	$	—	$	494	$	494	$	4,441	$	4,935
Commercial and industrial	—		—		18		18		8,823		8,841
Leasing	—		—		100		100		65		165
Residential real estate	—		—		—		—		207		207
Home equity lines of credit	44		—		—		44		51		95
Consumer, indirect	—		—		10		10		—		10


Total loans modified(a)	$	44	$	—	$	622	$	666	$	13,587	$	14,253
(a) Represents the amortized cost basis as of period end.


As of June 30, 2024
(Dollars in thousands)	30-59 Days Delinquent		60-89 Days Delinquent		90+ Days Delinquent		Total Delinquent		Current		Total
Construction	$	—	$	70	$	—	$	70	$	—	$	70
Commercial real estate	—		—		193		193		2,321		2,514
Commercial and industrial	—		—		31		31		12,583		12,614
Leasing	—		—		—		—		199		199
Residential real estate	—		—		76		76		25		101
Home equity lines of credit	—		—		—		—		122		122
Consumer, indirect	—		—		—		—		8		8


Total loans modified(a)	$	—	$	70	$	300	$	370	$	15,258	$	15,628

(a) Represents the amortized cost basis as of period end.

Summary of Defaulted Financing Receivables Modified

The following tables display the amortized cost of loans that received a completed modification or payment deferral within the previous 12 months and that had a payment default in the periods presented. For purposes of this disclosure, Peoples defines loans that had a payment default as loans that were 90 days or more past due following a modification.


	Term Extension(a)
For the Three Months Ended June 30, 2025

Commercial real estate	$	494







Total loans that subsequently defaulted	$	494

For the Six Months Ended June 30, 2025

Commercial real estate	$	494
Commercial and industrial	18
Leasing	100





Total loans that subsequently defaulted	$	612

For the Three Months Ended June 30, 2024

Commercial real estate	$	193
Commercial and industrial	28

Residential real estate	76




Total loans that subsequently defaulted	$	297

For the Six Months Ended June 30, 2024

Commercial real estate	$	193
Commercial and industrial	31

Residential real estate	76




Total loans that subsequently defaulted	$	300


(a) Represents the sum of amortized cost and gross charge-off as of period end. Excludes loans that liquidated either through foreclosure, deed-in-lieu of foreclosure, or a short sale.

Summary of Activity in Allowance for Loan and Lease Losses

Changes in the allowance for credit losses for the three and six months ended June 30, 2025 and June 30, 2024 are summarized below:


(Dollars in thousands)	Beginning Balance, March 31, 2025		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2025
Construction	$	1,156	$	191	$	—	$	—	$	1,347
Commercial real estate, other	17,155		24		(35)		—		17,144
Commercial and industrial	12,783		5,610		(556)		17		17,854
Premium finance	646		238		(93)		3		794
Leases	13,575		10,896		(5,099)		261		19,633
Residential real estate	6,786		(723)		—		50		6,113
Home equity lines of credit	1,863		(37)		(12)		—		1,814
Consumer, indirect	8,696		191		(1,693)		449		7,643
Consumer, direct	2,474		(144)		(96)		14		2,248
Deposit account overdrafts	98		167		(245)		71		91
Total	$	65,232	$	16,413	$	(7,829)	$	865	$	74,681

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.


(Dollars in thousands)	Beginning Balance, March 31, 2024		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2024
Construction	$	701	$	(28)	$	—	$	—	$	673
Commercial real estate, other	21,788		(1,856)		—		(80)		19,852
Commercial and industrial	10,581		408		(56)		10		10,943
Premium finance	607		207		(55)		4		763
Leases	12,889		4,533		(2,377)		173		15,218
Residential real estate	5,866		69		(64)		68		5,939
Home equity lines of credit	1,689		57		(9)		—		1,737
Consumer, indirect	8,301		1,803		(1,567)		117		8,654
Consumer, direct	2,279		179		(141)		15		2,332
Deposit account overdrafts	121		286		(338)		67		136
Total	$	64,822	$	5,658	$	(4,607)	$	374	$	66,247

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.


(Dollars in thousands)	Beginning Balance, December 31, 2024		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2025
Construction	$	878	$	469	$	—	$	—	$	1,347
Commercial real estate, other	16,256		1,134		(250)		4		17,144
Commercial and industrial	13,283		5,484		(936)		23		17,854
Premium finance	662		287		(164)		9		794
Leases	12,893		16,987		(10,753)		506		19,633
Residential real estate	6,491		(335)		(142)		99		6,113
Home equity lines of credit	1,792		34		(12)		—		1,814
Consumer, indirect	8,576		1,967		(3,559)		659		7,643
Consumer, direct	2,396		69		(251)		34		2,248
Deposit account overdrafts	121		322		(522)		170		91
Total	$	63,348	$	26,418	$	(16,589)	$	1,504	$	74,681

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.



(Dollars in thousands)	Beginning Balance, December 31, 2023		Provision for (Recovery of) Credit Losses (a)		Charge-offs		Recoveries		Ending Balance, June 30, 2024
Construction	$	699	$	(26)	$	—	$	—	$	673
Commercial real estate, other	20,915		(854)		(212)		3		19,852
Commercial and industrial	10,490		727		(291)		17		10,943
Premium finance	484		376		(109)		12		763
Leases	10,850		7,630		(3,647)		385		15,218
Residential real estate	5,937		(5)		(144)		151		5,939
Home equity lines of credit	1,588		151		(9)		7		1,737
Consumer, indirect	8,590		2,904		(3,028)		188		8,654
Consumer, direct	2,343		332		(367)		24		2,332
Deposit account overdrafts	115		554		(674)		141		136
Total	$	62,011	$	11,789	$	(8,481)	$	928	$	66,247

(a)Amount does not include the provision for the allowance for credit losses on unfunded commitments.

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill

The following table details changes in the recorded amount of goodwill:


	For the Six Months Ended		For the Year Ended
(Dollars in thousands)	June 30, 2025		December 31, 2024
Goodwill, beginning of period	$	363,199	$	362,169
Goodwill recorded from acquisitions	—		1,030
Goodwill, end of period	$	363,199	$	363,199

Summary of Other Intangible Assets

Other intangible assets were comprised of the following at June 30, 2025, and at December 31, 2024:


(Dollars in thousands)	Core Deposits		Customer Relationships		Indefinite-Lived Trade Names		Total
June 30, 2025
Gross intangibles	$	54,186	$	38,470	$	2,491	$	95,147

Accumulated amortization	(33,849)		(27,785)		—		(61,634)
Total acquisition-related intangibles	$	20,337	$	10,685	$	2,491	$	33,513
Servicing rights							1,002
Non-compete agreements							71
Total other intangibles							$	34,586

December 31, 2024
Gross intangibles	$	54,186	$	37,920	$	2,491	$	94,597
Intangibles recorded from acquisitions	—		550		—		550
Accumulated amortization	(31,545)		(25,723)		—		(57,268)
Total acquisition-related intangibles	$	22,641	$	12,747	$	2,491	$	37,879
Servicing rights							1,216
Non-compete agreements							128
Total other intangibles							$	39,223

Summary of Future Amortization of Intangible Assets

The following table details estimated aggregate future amortization of other intangible assets at June 30, 2025:


(Dollars in thousands)	Core Deposits		Customer Relationships		Non-Compete Agreements		Total
Remaining six months of 2025	$	2,304	$	2,061	$	55	$	4,420
2026	3,736		3,036		16		$	6,788
2027	3,043		2,188		—		$	5,231
2028	2,608		1,462		—		$	4,070
2029	2,359		971		—		$	3,330
Thereafter	6,287		967		—		$	7,254
Total	$	20,337	$	10,685	$	71	$	31,093

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Banking and Thrift, Other Disclosure [Abstract]

Deposits (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Deposit Balances

Peoples’ deposit balances were comprised of the following:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Retail certificates of deposits ("CDs"):
$100 or more	$	1,150,434	$	1,092,261
Less than $100	854,888		829,154
Total Retail CDs	2,005,322		1,921,415
Interest-bearing deposit accounts	1,058,910		1,085,152
Savings accounts	889,872		866,959
Money market deposit accounts	927,543		878,254
Governmental deposit accounts	781,949		775,782

Brokered CDs	442,788		554,982
Total interest-bearing deposits	6,106,384		6,082,544
Non-interest-bearing deposits	1,530,824		1,507,661
Total deposits	$	7,637,208	$	7,590,205

Summary of Time Deposit Maturities

Uninsured time deposits are broken out below by time remaining until maturity.


(Dollars in thousands)	June 30, 2025		December 31, 2024
3 months or less	$	129,425	$	180,405
Over 3 to 6 months	146,293		127,329
Over 6 to 12 months	151,721		91,197
Over 12 months	21,930		18,044
Total	$	449,369	$	416,975

The contractual maturities of CDs for each of the next five years, including the remainder of 2025, and thereafter are as follows:


(Dollars in thousands)	Retail		Brokered		Total
Remaining six months ending December 31, 2025	$	1,254,611	$	276,589	$	1,531,200
Year ending December 31, 2026	712,691		16,391		729,082
Year ending December 31, 2027	23,144		82,449		105,593
Year ending December 31, 2028	7,074		21,526		28,600
Year ending December 31, 2029	5,331		45,833		51,164
Thereafter	2,471		—		2,471
Total CDs	$	2,005,322	$	442,788	$	2,448,110

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Summary of Common Stock and Treasury Stock

The following table details the progression in Peoples’ common shares and treasury stock during the six months ended June 30, 2025:


	Common Shares	Treasury Stock
Shares at December 31, 2024	36,782,601	1,311,175
Changes related to stock-based compensation awards:

Release of restricted common shares	—	60,533
Cancellation of restricted common shares	—	35,403

Grant of restricted common shares	—	(171,393)


Purchase of treasury stock	—	6,302
Disbursed out of treasury stock	—	(13,564)
Common shares repurchased under share repurchase program	—	17,166
Common shares issued under dividend reinvestment plan	25,626	—
Common shares issued under compensation plan for Boards of Directors	—	(8,180)

Common shares issued under employee stock purchase plan	—	(18,034)


Shares at June 30, 2025	36,808,227	1,219,408

Summary of Dividends Declared

The following table details the cash dividends declared per common share during the first three quarters of 2025 and the comparable periods of 2024:


	2025		2024
First quarter	$	0.40	$	0.39
Second quarter	0.41		0.40
Third quarter	0.41		0.40

Total dividends declared	$	1.22	$	1.19

Summary of Accumulated Other Comprehensive (Loss) Income

The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the six months ended June 30, 2025, as related items impact the income statement:


(Dollars in thousands)	Unrealized (Loss) Gain on Securities		Unrealized Gain (Loss) on Cash Flow Hedges		Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2024	$	(111,829)	$	1,444	$	(110,385)
Reclassification adjustments to net income:
Realized gain on securities, net of tax	2		—		2


Other comprehensive income (loss), net of reclassifications and tax	20,880		(769)		20,111
Balance, June 30, 2025	$	(90,947)	$	675	$	(90,272)

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
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-Paragraph 1
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
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-URI https://asc.fasb.org/1943274/2147481142/505-10-45-2

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

Summary of Calculations of Basic and Diluted Earnings per Common Share

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

The calculations of basic and diluted earnings per common share were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands, except per common share data)	2025		2024		2025		2024
Net income available to common shareholders	$	21,212	$	29,007	$	45,548	$	58,591
Less: Dividends paid on unvested common shares	212		218		422		361
Less: Undistributed income allocated to unvested common shares	17		55		54		119
Net earnings allocated to common shareholders	$	20,983	$	28,734	$	45,072	$	58,111

Weighted-average common shares outstanding	34,972,065		34,764,489		34,934,105		34,752,419
Effect of potentially dilutive common shares	359,642		353,159		365,313		319,131
Total weighted-average diluted common shares outstanding	35,331,707		35,117,648		35,299,418		35,071,550

Earnings per common share:
Basic	$	0.60	$	0.83	$	1.29	$	1.67
Diluted	$	0.59	$	0.82	$	1.28	$	1.66
Anti-dilutive common shares excluded from calculation:
Restricted common shares	144,274		3,180		142,032		3,180

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Interest Rate Swaps Designated as Cash Flow Hedges

The following table summarizes information about the interest rate swaps designated as cash flow hedges:


(Dollars in thousands)	June 30, 2025			December 31, 2024
Notional amount	$	55,000		$	75,000
Weighted average pay rates	2.60		%	2.45		%
Weighted average receive rates	4.02		%	4.49		%
Weighted average maturity	1.5 years			1.5 years
Pre-tax changes in fair value included in AOCI	$	940		$	1,885

Summary of Gains or Losses Recorded in AOCI

The following table presents changes in fair value and amounts reclassified from AOCI related to cash flow hedges and recorded in AOCI and in the Consolidated Statements of Comprehensive Income:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Amount of losses recorded in AOCI, pre-tax	$	341	$	443	$	1,002	$	187

Summary of Cash Flow Hedges

The following table reflects the cash flow hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Interest rate swaps related to debt	$	55,000	$	868	$	75,000	$	1,784

Summary of Derivatives Not Designated as Hedging

The following table reflects the non-designated hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:


	June 30, 2025				December 31, 2024
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in "Other assets":
Interest rate swaps related to commercial loans	$	542,787	$	15,638	$	453,367	$	18,742
Netting Adjustments (a)			(5,054)				(1,783)
Net Derivative Assets on the Balance Sheet			$	10,584			$	16,959
Included in "Accrued expenses and other liabilities":
Interest rate swaps related to commercial loans	$	542,787	$	13,543	$	453,367	$	17,100
Netting Adjustments (a)			(2,885)				(54)
Net Derivatives Liabilities on the Balance Sheet			$	10,658			$	17,046

(a) Netting adjustments represent the amounts recorded to convert our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The net basis takes into account the impact of master netting agreements that allow us to settle derivative contracts with a single counterparty on a net basis. Total derivative assets and liabilities include these netting adjustments.

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Shares Activity

The following table summarizes the changes to Peoples’ restricted common shares for the six months ended June 30, 2025:


	Time-Based Vesting			Performance-Based Vesting
	Number of Common Shares	Weighted-Average Grant Date Fair Value		Number of Common Shares	Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2025	140,231	$	28.72	586,227	$	29.67
Awarded	11,643	26.19		159,097	33.41
Released	(36,023)	31.41		(141,821)	32.21
Forfeited	(10,011)	27.12		(26,289)	29.79
Outstanding at June 30, 2025	105,840	$	27.67	577,214	$	30.07

Summary of Stock-Based Compensation and Related Tax Benefit

The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2025		2024		2025		2024
Employee stock-based compensation expense:
Stock grant expense	$	1,416	$	1,278	$	3,846	$	4,303
Employee stock purchase plan expense	26		73		71		139

Total employee stock-based compensation expense	1,442		1,351		$	3,917	$	4,442
Non-employee director stock-based compensation expense	131		123		$	247	$	261
Total stock-based compensation expense	1,573		1,474		$	4,164	$	4,703
Recognized tax benefit	(367)		(344)		(971)		(1,096)
Net stock-based compensation expense	$	1,206	$	1,130	$	3,193	$	3,607

Revenue (Tables)

6 Months Ended

Jun. 30, 2025

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)	2025		2024		2025		2024
Insurance income:
Commission and fees from sale of insurance policies (a)	$	4,450	$	4,104	$	8,962	$	8,389

Performance-based commissions (b)	99		5		1,641		2,218
Trust and investment income:
Fiduciary income (a)	3,042		3,010		5,957		5,767
Brokerage income (a)	2,239		1,989		4,385		3,831
Electronic banking income:
Interchange income (a)	5,111		5,309		9,956		10,229
Promotional and usage income (a)	1,161		1,161		2,201		2,287
Deposit account service charges:
Ongoing maintenance fees for deposit accounts (a)	1,670		1,716		3,313		3,434
Transaction-based fees (b)	2,388		2,623		4,760		5,128
Commercial loan swap fees (b)	734		59		1,271		111
Other non-interest income transaction-based fees (b)	374		589		789		1,093
Total revenue from contracts with customers	$	21,268	$	20,565	$	43,235	$	42,487
Timing of revenue recognition:
Services transferred over time	$	17,673	$	17,289	$	34,774	$	33,937
Services transferred at a point in time	3,595		3,276		8,461		8,550
Total revenue from contracts with customers	$	21,268	$	20,565	$	43,235	$	42,487
(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, 2025:


	Contract Assets		Contract Liabilities
(Dollars in thousands)
Balance, January 1, 2025	$	899	$	5,771
Additional income receivable	84		—
Additional deferred income	—		11
Receipt of income previously receivable	(15)		—
Recognition of income previously deferred	—		(214)
Balance, June 30, 2025	$	968	$	5,568

Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Summary of Sales Type Lease Income

The table below details Peoples' lease income:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Interest and fees on leases (a)	$	10,287	$	11,982	$	20,485	$	24,049
Lease income	4,211		2,168		7,679		4,189

Total lease income	$	14,498	$	14,150	$	28,164	$	28,238

(a)Included in "Interest and fees on loans and leases" in the Unaudited Consolidated Statements of Operations. For additional information, see "Note 4 Loans and Leases" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

Summary of Sales Type Leases

The following table summarizes the net investment in leases, which is included in "Loans and leases, net of deferred fees and costs" on the Unaudited Consolidated Balance Sheets:


(Dollars in thousands)	June 30, 2025		December 31, 2024
Lease payments receivable, at amortized cost	$	430,198	$	448,027
Estimated residual values	33,831		33,129
Initial direct costs	6,002		7,148
Deferred revenue	(69,979)		(81,706)
Net investment in leases	400,052		406,598
Allowance for credit losses - leases	(19,633)		(12,893)
Net investment in leases, after allowance for credit losses	$	380,419	$	393,705

Summary of Sales Type Lease Maturity

The following table summarizes the contractual maturities of leases:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	96,864
Year ending December 31, 2026	91,899
Year ending December 31, 2027	86,456
Year ending December 31, 2028	80,572
Year ending December 31, 2029	49,719
Thereafter	24,688
Lease payments receivable, at amortized cost	$	430,198

Summary of Lease Cost

The table below details Peoples' lease expense, which is included in "Net occupancy and equipment expense" in the Unaudited Consolidated Statements of Operations:


	Three Months Ended				Six Months Ended
(Dollars in thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Operating lease expense	$	637	$	733	$	1,318	$	1,468
Short-term lease expense	683		327		1,078		633
Variable lease expense	9		5		18		5
Total lease expense	$	1,329	$	1,065	$	2,414	$	2,106

The following table details the ROU assets, the lease liabilities and other information related to Peoples' operating leases at the dates shown:


(Dollars in thousands)	June 30, 2025			December 31, 2024
ROU assets:
Other assets	$	10,404		$	10,419
Lease liabilities:
Accrued expenses and other liabilities	$	10,968		$	10,968
Other information:
Weighted-average remaining lease term	8.7 years			9.0 years
Weighted-average discount rate	4.15		%	4.11		%
Additions for ROU assets obtained during the year	$	481		$	1,660

Summary of Operating Lease Maturities

The following table summarizes the maturity of remaining lease liabilities:


(Dollars in thousands)	Balance
Remaining six months ending December 31, 2025	$	1,269
Year ending December 31, 2026	2,413
Year ending December 31, 2027	2,146
Year ending December 31, 2028	1,625
Year ending December 31, 2029	1,173
Thereafter	4,608
Total undiscounted lease payments	$	13,234
Imputed interest	$	(2,266)
Total lease liabilities	$	10,968

Summary of Significant Accounting Policies (Details)	6 Months Ended
Summary of Significant Accounting Policies (Details)	Jun. 30, 2025 segment
Accounting Policies [Abstract]
Number of operating segments	1
Number of reportable segments	1

Fair Value of Assets and Liabilities - Summary of Assets Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Assets:

Reported Value Measurement

^[1]

$ 1,051,497

$ 1,083,555

Assets:

Equity investment securities

3,351

2,645

Nonqualified deferred compensation

5,703

4,898

Level 1 | Reported Value Measurement

Assets:

Nonqualified deferred compensation

5,703

4,898

Level 2 | Reported Value Measurement

Assets:

Nonqualified deferred compensation

0

U.S. Treasury and government agencies

Assets:

13,880

15,196

Assets:

210,856

209,083

Assets:

193,363

196,301

Assets:

576,541

601,802

Assets:

Bank-issued trust preferred securities

52,699

55,065

Assets:

4,158

6,108

Recurring | Level 1

Assets:

Equity investment securities

13,880

15,196

194

197

Derivative assets

0

Derivative liabilities

0

Recurring | Level 2

Assets:

Equity investment securities

1,037,617

1,068,359

245

244

Derivative assets

11,452

18,743

Derivative Asset, Statement of Financial Position [Extensible Enumeration]

Derivative liabilities

$ 10,658

$ 17,046

Other assets

Derivative Liability, Statement of Financial Position [Extensible Enumeration]

Accrued expenses and other liabilities

Recurring | U.S. Treasury and government agencies | Level 1

Assets:

Recurring | U.S. Treasury and government agencies | Level 2

$ 13,880

$ 15,196

Assets:

Recurring | U.S. government sponsored agencies | Level 1

0

Assets:

Recurring | U.S. government sponsored agencies | Level 2

0

Assets:

Recurring | States and political subdivisions | Level 1

210,856

209,083

Assets:

Recurring | States and political subdivisions | Level 2

0

Assets:

Recurring | Residential mortgage-backed securities | Level 1

193,363

196,301

Assets:

Recurring | Residential mortgage-backed securities | Level 2

0

Assets:

Recurring | Commercial mortgage-backed securities | Level 1

576,541

601,802

Assets:

Recurring | Commercial mortgage-backed securities | Level 2

0

Assets:

Recurring | Bank-issued trust preferred securities | Level 1

52,699

55,065

Assets:

Recurring | Bank-issued trust preferred securities | Level 2

0

Assets:

$ 4,158

$ 6,108

[1]	Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.

Fair Value of Assets and Liabilities - Summary of Assets and Liabilities Measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Nonrecurring Basis
Allowance for credit losses (on PCD loans)	$ 74,681	$ 65,232	$ 63,348	$ 66,247	$ 64,822	$ 62,011
Nonrecurring Basis \| Level 2
Nonrecurring Basis
Loans held for sale	1,043		1,499
Other real estate owned	0		0
Allowance for credit losses (on PCD loans)	80		166
Nonrecurring Basis \| Level 2 \| Collateral dependent loans
Nonrecurring Basis
Collateral dependent loans	0		0
Nonrecurring Basis \| Level 3
Nonrecurring Basis
Loans held for sale	0		0
Other real estate owned	0		5,891
Nonrecurring Basis \| Level 3 \| Collateral dependent loans
Nonrecurring Basis
Collateral dependent loans	$ 7,097		$ 4,375

Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Fair Value of Assets and Liabilities - Summary of Financial Instruments Not Required to be Measured at Fair Value (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Mar. 31, 2025

Dec. 31, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2023

Assets:

$ 900,256

$ 775,037

Loans and leases, net of deferred fees and costs

831,611

692,499

^[1]

6,601,589

6,358,003

145,954

143,710

Debt securities held to maturity, allowance for credit loss

237

Allowance for credit losses (on PCD loans)

74,681

$ 65,232

63,348

$ 66,247

$ 64,822

$ 62,011

Reported Value Measurement

Assets:

Federal Reserve Bank ("FRB") stock

900,256

775,037

27,114

Total other investments at cost

61,395

54,793

Assets:

Total other investments at cost

831,611

692,499

61,395

54,793

Level 1 | Reported Value Measurement

Assets:

Cash and cash equivalents

186,075

217,664

Level 1 | Fair Value

Assets:

Cash and cash equivalents

186,075

217,664

Level 2 | Reported Value Measurement

Assets:

145,954

143,710

Deposits

7,637,208

7,590,205

Short-term borrowings

396,860

193,474

Long-term borrowings

232,391

238,073

Level 2 | Fair Value

Assets:

145,954

143,710

Level 3 | Reported Value Measurement

Deposits

6,702,960

6,713,360

Short-term borrowings

411,558

192,964

Long-term borrowings

240,997

258,195

Assets:

Federal Home Loan Bank ("FHLB") stock

30,501

24,606

Federal Reserve Bank ("FRB") stock

27,114

Other investments

3,780

3,073

Loans and leases, net of deferred fees and costs

6,601,589

6,358,003

Level 3 | Fair Value

Assets:

Federal Home Loan Bank ("FHLB") stock

30,501

24,606

Federal Reserve Bank ("FRB") stock

27,114

Other investments

3,780

3,073

Loans and leases, net of deferred fees and costs, fair value

6,553,043

6,240,751

Assets:

299,183

233,302

291,290

223,294

Debt securities held to maturity, allowance for credit loss

0

U.S. government sponsored agencies | Level 2 | Reported Value Measurement

Assets:

U.S. government sponsored agencies | Level 2 | Fair Value

299,183

233,302

Assets:

291,290

223,294

Assets:

142,319

142,691

112,450

110,848

Debt securities held to maturity, allowance for credit loss

237

States and political subdivisions | Level 2 | Reported Value Measurement

Assets:

States and political subdivisions | Level 2 | Fair Value

142,319

142,691

Assets:

112,450

110,848

Assets:

360,559

300,290

343,904

276,278

Debt securities held to maturity, allowance for credit loss

0

Residential mortgage-backed securities | Level 2 | Reported Value Measurement

Assets:

Residential mortgage-backed securities | Level 2 | Fair Value

360,559

300,290

Assets:

343,904

276,278

Assets:

98,195

98,754

83,967

82,079

Debt securities held to maturity, allowance for credit loss

0

Commercial mortgage-backed securities | Level 2 | Reported Value Measurement

Assets:

Commercial mortgage-backed securities | Level 2 | Fair Value

98,195

98,754

Assets:

$ 83,967

$ 82,079

[1]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."

Investment Securities - Summary of Available-for-sale Investment Securities (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

$ 1,170,092

$ 1,229,382

2,398

1,583

(120,993)

(147,410)

U.S. Treasury and government agencies

^[1]

1,051,497

1,083,555

13,716

15,317

180

87

(16)

(208)

13,880

15,196

220,999

224,167

220

53

(10,363)

(15,137)

210,856

209,083

220,234

225,074

51

16

(26,922)

(28,789)

193,363

196,301

650,746

693,886

1,942

1,391

(76,147)

(93,475)

576,541

601,802

59,897

64,438

1

36

(7,199)

(9,409)

Bank-issued trust preferred securities

52,699

55,065

4,500

6,500

4

0

(346)

(392)

$ 4,158

$ 6,108

[1]	Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.

Investment Securities - Summary of Gross Gains and Losses from Sales of Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Gross gains realized	$ 0	$ 0	$ 25	$ 0
Gross losses realized	0	(353)	(27)	(354)
Net loss realized	$ 0	$ (353)	$ (2)	$ (354)

Investment Securities - Summary of Available-for-sale Securities with Unrealized Loss (Details) $ in Thousands	Jun. 30, 2025 USD ($) security	Dec. 31, 2024 USD ($) security
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	$ 190,495	$ 257,325
Less than 12 months, unrealized loss	$ 5,679	$ 9,578
Less than 12 months, Number of securities \| security	111	168
12 months or more, fair value	$ 750,655	$ 768,333
12 months or more, unrealized loss	$ 115,314	$ 137,832
12 months or more, Number of securities \| security	448	444
Total fair value	$ 941,150	$ 1,025,658
Total unrealized loss	120,993	147,410
U.S. Treasury and government agencies
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	983	10,003
Less than 12 months, unrealized loss	$ 5	$ 174
Less than 12 months, Number of securities \| security	4	11
12 months or more, fair value	$ 1,578	$ 2,299
12 months or more, unrealized loss	$ 11	$ 34
12 months or more, Number of securities \| security	7	10
Total fair value	$ 2,561	$ 12,302
Total unrealized loss	16	208
U.S. government sponsored agencies
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	106,894	130,518
Less than 12 months, unrealized loss	$ 3,443	$ 5,816
Less than 12 months, Number of securities \| security	24	27
12 months or more, fair value	$ 72,437	$ 70,982
12 months or more, unrealized loss	$ 6,920	$ 9,321
12 months or more, Number of securities \| security	13	13
Total fair value	$ 179,331	$ 201,500
Total unrealized loss	10,363	15,137
States and political subdivisions
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	17,399	28,400
Less than 12 months, unrealized loss	$ 1,056	$ 1,188
Less than 12 months, Number of securities \| security	34	55
12 months or more, fair value	$ 164,776	$ 160,210
12 months or more, unrealized loss	$ 25,866	$ 27,601
12 months or more, Number of securities \| security	151	138
Total fair value	$ 182,175	$ 188,610
Total unrealized loss	26,922	28,789
Residential mortgage-backed securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	57,009	85,043
Less than 12 months, unrealized loss	$ 1,117	$ 2,300
Less than 12 months, Number of securities \| security	42	69
12 months or more, fair value	$ 463,844	$ 482,609
12 months or more, unrealized loss	$ 75,030	$ 91,175
12 months or more, Number of securities \| security	252	256
Total fair value	$ 520,853	$ 567,652
Total unrealized loss	76,147	93,475
Commercial mortgage-backed securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	8,210	2,868
Less than 12 months, unrealized loss	$ 58	$ 93
Less than 12 months, Number of securities \| security	7	5
12 months or more, fair value	$ 44,367	$ 46,619
12 months or more, unrealized loss	$ 7,141	$ 9,316
12 months or more, Number of securities \| security	23	24
Total fair value	$ 52,577	$ 49,487
Total unrealized loss	7,199	9,409
Bank-issued trust preferred securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	0	493
Less than 12 months, unrealized loss	$ 0	$ 7
Less than 12 months, Number of securities \| security	0	1
12 months or more, fair value	$ 3,653	$ 5,614
12 months or more, unrealized loss	$ 346	$ 385
12 months or more, Number of securities \| security	2	3
Total fair value	$ 3,653	$ 6,107
Total unrealized loss	$ 346	$ 392

Investment Securities - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
Investment Securities - Narrative (Details)	Jun. 30, 2025 USD ($) security	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) security	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($) security
Schedule of Available-for-sale Securities
12 months or more, number of securities \| security	448		448		444
Gross gains (losses) from sales of held to maturity			$ 0		$ 0
Debt securities held to maturity, allowance for credit loss	$ 237,000		$ 237,000		237,000
Federal and state income tax rate			21.00%
Proceeds from sale of FHLB stock			$ 15,600,000
Purchase of FRB stock			21,500,000
Unrealized gain	7,000	$ 21,000		$ 68,000
Unrealized loss			2,000
Debt securities available for sale, allowance for credit loss	$ 0		$ 0		$ 0
Bank-issued trust preferred securities
Schedule of Available-for-sale Securities
12 months or more, number of securities \| security	2		2		3
Investment Securities
Schedule of Available-for-sale Securities
Interest receivable	$ 9,700,000		$ 9,700,000		$ 9,900,000

Investment Securities -Summary of Investment Securities by Contractual Maturity (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Debt securities, maturing within 1 year, amortized cost

$ 11,041

Debt securities, maturing 1 to 5 years, amortized cost

122,993

Debt securities, maturing 5 to 10 years, amortized cost

237,916

Debt securities, maturing over 10 years, amortized cost

798,142

Debt securities, maturing within 1 year, fair value

1,170,092

$ 1,229,382

10,943

Debt securities, maturing 5 to 10 years, fair value

116,455

218,332

Debt securities, maturing over 10 years, fair value

705,767

Available-for-sale securities, maturing within 1 year, weighted average yield

^[1]

$ 1,051,497

1,083,555

2.81%

Available-for-sale securities, maturing 1 to 5 years, weighted average yield

2.00%

Available-for-sale securities, maturing 5 to 10 years, weighted average yield

2.87%

Available-for-sale securities, maturing over 10 years, weighted average yield

2.76%

Available-for-sale securities, total weighted average yield

2.70%

U.S. Treasury and government agencies

Debt securities, maturing within 1 year, amortized cost

$ 588

Debt securities, maturing 1 to 5 years, amortized cost

1,274

Debt securities, maturing 5 to 10 years, amortized cost

6,463

Debt securities, maturing over 10 years, amortized cost

5,391

Debt securities, maturing within 1 year, fair value

13,716

15,317

587

Debt securities, maturing 5 to 10 years, fair value

1,276

6,614

Debt securities, maturing over 10 years, fair value

5,403

13,880

15,196

Debt securities, maturing within 1 year, amortized cost

1,493

Debt securities, maturing 1 to 5 years, amortized cost

67,703

Debt securities, maturing 5 to 10 years, amortized cost

73,898

Debt securities, maturing over 10 years, amortized cost

77,905

Debt securities, maturing within 1 year, fair value

220,999

224,167

1,465

Debt securities, maturing 5 to 10 years, fair value

63,622

71,188

Debt securities, maturing over 10 years, fair value

74,581

210,856

209,083

Debt securities, maturing within 1 year, amortized cost

7,946

Debt securities, maturing 1 to 5 years, amortized cost

38,885

Debt securities, maturing 5 to 10 years, amortized cost

79,331

Debt securities, maturing over 10 years, amortized cost

94,072

Debt securities, maturing within 1 year, fair value

220,234

225,074

7,878

Debt securities, maturing 5 to 10 years, fair value

37,138

68,785

Debt securities, maturing over 10 years, fair value

79,562

193,363

196,301

Debt securities, maturing within 1 year, amortized cost

19

Debt securities, maturing 1 to 5 years, amortized cost

3,719

Debt securities, maturing 5 to 10 years, amortized cost

49,248

Debt securities, maturing over 10 years, amortized cost

597,760

Debt securities, maturing within 1 year, fair value

650,746

693,886

19

Debt securities, maturing 5 to 10 years, fair value

3,654

46,348

Debt securities, maturing over 10 years, fair value

526,520

576,541

601,802

Debt securities, maturing within 1 year, amortized cost

995

Debt securities, maturing 1 to 5 years, amortized cost

9,912

Debt securities, maturing 5 to 10 years, amortized cost

25,976

Debt securities, maturing over 10 years, amortized cost

23,014

Debt securities, maturing within 1 year, fair value

59,897

64,438

994

Debt securities, maturing 5 to 10 years, fair value

9,298

22,706

Debt securities, maturing over 10 years, fair value

19,701

Bank-issued trust preferred securities

52,699

55,065

Debt securities, maturing within 1 year, amortized cost

0

Debt securities, maturing 1 to 5 years, amortized cost

1,500

Debt securities, maturing 5 to 10 years, amortized cost

3,000

Debt securities, maturing over 10 years, amortized cost

0

Debt securities, maturing within 1 year, fair value

4,500

6,500

0

Debt securities, maturing 5 to 10 years, fair value

1,467

2,691

Debt securities, maturing over 10 years, fair value

0

$ 4,158

$ 6,108

[1]	Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.

Investment Securities - Summary of Held-to-maturity Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 900,256	$ 775,037
Allowance for Credit Losses	(237)	(237)
Gross Unrealized Gains	2,280	610
Gross Unrealized Losses	(70,688)	(82,911)
Fair Value	831,611	692,499
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	299,183	233,302
Allowance for Credit Losses	0	0
Gross Unrealized Gains	468	219
Gross Unrealized Losses	(8,361)	(10,227)
Fair Value	291,290	223,294
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	142,319	142,691
Allowance for Credit Losses	(237)	(237)
Gross Unrealized Gains	109	110
Gross Unrealized Losses	(29,741)	(31,716)
Fair Value	112,450	110,848
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	360,559	300,290
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1,703	281
Gross Unrealized Losses	(18,358)	(24,293)
Fair Value	343,904	276,278
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	98,195	98,754
Allowance for Credit Losses	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14,228)	(16,675)
Fair Value	$ 83,967	$ 82,079

Investment Securities - Summary of Held-to-maturity Securities with Unrealized Loss (Details) $ in Thousands	Jun. 30, 2025 USD ($) security	Dec. 31, 2024 USD ($) security
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	$ 203,739	$ 277,526
Less than 12 months, unrealized loss	$ 2,746	$ 6,697
Less than 12 months, no. of securities \| security	39	62
12 months or more, fair value	$ 350,489	$ 346,649
12 months or more, unrealized loss	$ 67,942	$ 76,214
12 months or more, no. of securities \| security	151	149
Total fair value	$ 554,228	$ 624,175
Total unrealized loss	70,688	82,911
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	137,853	150,390
Less than 12 months, unrealized loss	$ 1,552	$ 2,464
Less than 12 months, no. of securities \| security	25	29
12 months or more, fair value	$ 37,108	$ 38,901
12 months or more, unrealized loss	$ 6,809	$ 7,763
12 months or more, no. of securities \| security	10	11
Total fair value	$ 174,961	$ 189,291
Total unrealized loss	8,361	10,227
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	895	957
Less than 12 months, unrealized loss	$ 107	$ 44
Less than 12 months, no. of securities \| security	1	1
12 months or more, fair value	$ 108,382	$ 106,716
12 months or more, unrealized loss	$ 29,634	$ 31,672
12 months or more, no. of securities \| security	66	66
Total fair value	$ 109,277	$ 107,673
Total unrealized loss	29,741	31,716
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	58,212	116,576
Less than 12 months, unrealized loss	$ 988	$ 2,808
Less than 12 months, no. of securities \| security	11	27
12 months or more, fair value	$ 129,811	$ 130,556
12 months or more, unrealized loss	$ 17,370	$ 21,485
12 months or more, no. of securities \| security	43	43
Total fair value	$ 188,023	$ 247,132
Total unrealized loss	18,358	24,293
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	6,779	9,603
Less than 12 months, unrealized loss	$ 99	$ 1,381
Less than 12 months, no. of securities \| security	2	5
12 months or more, fair value	$ 75,188	$ 70,476
12 months or more, unrealized loss	$ 14,129	$ 15,294
12 months or more, no. of securities \| security	32	29
Total fair value	$ 81,967	$ 80,079
Total unrealized loss	$ 14,228	$ 16,675

Investment Securities - Summary of Held-to-maturity Securities by Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	$ 7,819
Debt securities, maturing 1 to 5 years, amortized cost	23,041
Debt securities, maturing 5 to 10 years, amortized cost	214,895
Debt securities, maturing over 10 years, amortized cost	654,501
Amortized Cost	900,256	$ 775,037
Debt securities, maturing within 1 year, fair value	7,750
Debt securities, maturing 1 to 5 years, fair value	21,699
Debt securities, maturing 5 to 10 years, fair value	206,223
Debt securities, maturing over 10 years, fair value	595,939
Debt securities, held-to-maturity, fair value	$ 831,611	692,499
Held-to-maturity securities, maturing within 1 year, weighted average yield	1.91%
Held-to-maturity securities, maturing 1 to 5 years, weighted average yield	1.90%
Held-to-maturity securities, maturing 6 to 10 years, weighted average yield	4.15%
Held-to-maturity securities, maturing over 10 years, weighted average yield	4.02%
Held-to-maturity securities, total weighted average yield	3.98%
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	$ 2,926
Debt securities, maturing 1 to 5 years, amortized cost	5,691
Debt securities, maturing 5 to 10 years, amortized cost	153,914
Debt securities, maturing over 10 years, amortized cost	136,652
Amortized Cost	299,183	233,302
Debt securities, maturing within 1 year, fair value	2,864
Debt securities, maturing 1 to 5 years, fair value	5,368
Debt securities, maturing 5 to 10 years, fair value	153,667
Debt securities, maturing over 10 years, fair value	129,391
Debt securities, held-to-maturity, fair value	291,290	223,294
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	2,799
Debt securities, maturing 1 to 5 years, amortized cost	6,580
Debt securities, maturing 5 to 10 years, amortized cost	23,210
Debt securities, maturing over 10 years, amortized cost	109,730
Amortized Cost	142,319	142,691
Debt securities, maturing within 1 year, fair value	2,793
Debt securities, maturing 1 to 5 years, fair value	6,327
Debt securities, maturing 5 to 10 years, fair value	19,173
Debt securities, maturing over 10 years, fair value	84,157
Debt securities, held-to-maturity, fair value	112,450	110,848
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	94
Debt securities, maturing 1 to 5 years, amortized cost	0
Debt securities, maturing 5 to 10 years, amortized cost	3,703
Debt securities, maturing over 10 years, amortized cost	356,762
Amortized Cost	360,559	300,290
Debt securities, maturing within 1 year, fair value	93
Debt securities, maturing 1 to 5 years, fair value	0
Debt securities, maturing 5 to 10 years, fair value	3,352
Debt securities, maturing over 10 years, fair value	340,459
Debt securities, held-to-maturity, fair value	343,904	276,278
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	2,000
Debt securities, maturing 1 to 5 years, amortized cost	10,770
Debt securities, maturing 5 to 10 years, amortized cost	34,068
Debt securities, maturing over 10 years, amortized cost	51,357
Amortized Cost	98,195	98,754
Debt securities, maturing within 1 year, fair value	2,000
Debt securities, maturing 1 to 5 years, fair value	10,004
Debt securities, maturing 5 to 10 years, fair value	30,031
Debt securities, maturing over 10 years, fair value	41,932
Debt securities, held-to-maturity, fair value	$ 83,967	$ 82,079

Investment Securities - Summary of Other Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Other Investments Carrying Value [Line Items]
Total other investments	$ 67,538	$ 60,132
Carrying Amount
Other Investments Carrying Value [Line Items]
FHLB stock	30,501	24,606
FRB stock	27,114	27,114
Nonqualified deferred compensation	5,703	4,898
Equity investment securities	3,351	2,645
Other investments	$ 869	$ 869

Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Debt Securities, Available-for-sale [Line Items]

Investment Securities - Summary of Pledged Securities (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Held-to-maturity

^[1]

$ 900,019

$ 774,800

Asset Pledged as Collateral | Securing public and trust department deposits, and repurchase agreements:

Debt Securities, Available-for-sale [Line Items]

Available-for-sale

491,562

505,963

Held-to-maturity

614,012

563,014

Asset Pledged as Collateral | Securing additional borrowing capacity at the FHLB and the FRB:

Debt Securities, Available-for-sale [Line Items]

Available-for-sale

3,050

3,119

Held-to-maturity

$ 1,200

$ 1,215

[1]	Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $237, respectively, at both June 30, 2025 and at December 31, 2024.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Accounts, Notes, Loans and Financing Receivable [Line Items]

Loans and Leases - Summary of Loans by Classification (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Accounts, Notes, Loans and Financing Receivable [Line Items]

^[1]

$ 6,601,589

$ 6,358,003

Loans Receivable

Accounts, Notes, Loans and Financing Receivable [Line Items]

6,601,589

6,358,003

Construction

Accounts, Notes, Loans and Financing Receivable [Line Items]

341,313

328,388

Commercial real estate

Commercial and industrial

2,248,214

2,156,013

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,407,382

1,347,645

Premium finance

277,622

269,435

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

400,052

406,598

Residential real estate

Home equity lines of credit

877,968

835,101

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

241,785

232,661

Consumer, indirect

Accounts, Notes, Loans and Financing Receivable [Line Items]

692,674

669,857

Consumer, direct

Deposit account overdrafts

113,615

111,052

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

$ 964

$ 1,253

[1]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."

Loans and Leases - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
Loans and Leases - Narrative (Details) $ in Thousands	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) lease	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Deferred loan costs	$ 19,700		$ 19,700		$ 20,200
Percent of loans considered current	99.10%		99.10%		98.70%
Total collateral dependent loans	$ 1,000		$ 1,000
Aggregate credit exposure threshold	1,000		$ 1,000
Number of new leases \| lease			3
Value of added leases			$ 1,900
Provision for (recovery of) credit losses	16,413	$ 5,658	26,418	$ 11,789
Net charge-off	7,000	4,200
Credit loss liability	2,400		2,400		$ 2,000
Loans Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Unamortized discount	12,900		12,900		19,500
Interest receivable	22,700		22,700		$ 23,100
Premium finance
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease in accruing loans 90 days or more past due			1,400
Provision for (recovery of) credit losses	238	207	287	376
Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease in accruing loans 90 days or more past due			1,000
Provision for (recovery of) credit losses	$ (723)	$ 69	$ (335)	$ (5)

Loans and Leases - Summary of Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	$ 34,485	$ 34,129
Accruing Loans 90+ Days Past Due	6,126	8,637
Financing receivable, nonaccrual, no allowance	0	5,700
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	4,824	7,136
Accruing Loans 90+ Days Past Due	494	227
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	5,514	6,809
Accruing Loans 90+ Days Past Due	36	78
Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	0	0
Accruing Loans 90+ Days Past Due	3,533	4,947
Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	11,907	8,850
Accruing Loans 90+ Days Past Due	547	803
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	8,028	7,329
Accruing Loans 90+ Days Past Due	1,192	2,166
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	1,339	1,498
Accruing Loans 90+ Days Past Due	108	213
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	2,697	2,374
Accruing Loans 90+ Days Past Due	98	159
Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	176	133
Accruing Loans 90+ Days Past Due	$ 118	$ 44

Loans and Leases - Summary of Aging of The Recorded Investment In Past Due Loans and Leases (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Accounts, Notes, Loans and Financing Receivable [Line Items]

^[1]

$ 6,601,589

$ 6,358,003

Construction

Accounts, Notes, Loans and Financing Receivable [Line Items]

341,313

328,388

Commercial real estate

Commercial and industrial

2,248,214

2,156,013

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,407,382

1,347,645

Premium finance

277,622

269,435

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

400,052

406,598

Residential real estate

Home equity lines of credit

877,968

835,101

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

241,785

232,661

Consumer, indirect

Accounts, Notes, Loans and Financing Receivable [Line Items]

692,674

669,857

Consumer, direct

Deposit account overdrafts

113,615

111,052

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

964

1,253

Total

Accounts, Notes, Loans and Financing Receivable [Line Items]

60,322

84,925

Total | Construction

Total | Commercial real estate

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total | Commercial and industrial

5,000

8,893

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

10,061

6,785

Total | Premium finance

Accounts, Notes, Loans and Financing Receivable [Line Items]

6,681

9,266

Total | Leases

Total | Residential real estate

17,923

25,757

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total | Home equity lines of credit

8,796

19,790

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total | Consumer, indirect

2,746

2,883

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

8,226

10,416

Total | Consumer, direct

Total | Deposit account overdrafts

889

1,135

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

30 - 59 days

30 - 59 days | Construction

17,963

39,161

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Commercial real estate

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Commercial and industrial

1,762

1,300

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Premium finance

1,814

1,651

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,921

3,863

30 - 59 days | Leases

30 - 59 days | Residential real estate

2,595

10,941

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Home equity lines of credit

1,881

11,481

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Consumer, indirect

1,697

1,473

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Consumer, direct

5,770

7,568

Accounts, Notes, Loans and Financing Receivable [Line Items]

30 - 59 days | Deposit account overdrafts

523

884

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

60 - 89 days

60 - 89 days | Construction

14,440

12,855

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Commercial real estate

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Commercial and industrial

471

1,585

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Premium finance

5,058

583

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,227

456

60 - 89 days | Leases

60 - 89 days | Residential real estate

3,178

5,241

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Home equity lines of credit

2,746

3,038

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Consumer, indirect

362

317

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Consumer, direct

1,228

1,522

Accounts, Notes, Loans and Financing Receivable [Line Items]

60 - 89 days | Deposit account overdrafts

170

113

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

90 + Days

Accounts, Notes, Loans and Financing Receivable [Line Items]

27,919

32,909

90 + Days | Construction

90 + Days | Commercial real estate

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Commercial and industrial

2,767

6,008

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Premium finance

3,189

4,551

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

3,533

4,947

90 + Days | Leases

90 + Days | Residential real estate

12,150

9,575

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Home equity lines of credit

4,169

5,271

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Consumer, indirect

687

1,093

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Consumer, direct

1,228

1,326

Accounts, Notes, Loans and Financing Receivable [Line Items]

90 + Days | Deposit account overdrafts

196

138

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

Current Loans

Current Loans | Construction

6,541,267

6,273,078

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Commercial real estate

341,313

328,388

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Commercial and industrial

2,243,214

2,147,120

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Premium finance

1,397,321

1,340,860

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

270,941

260,169

Current Loans | Leases

Current Loans | Residential real estate

382,129

380,841

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Home equity lines of credit

869,172

815,311

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Consumer, indirect

239,039

229,778

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Consumer, direct

684,448

659,441

Accounts, Notes, Loans and Financing Receivable [Line Items]

Current Loans | Deposit account overdrafts

112,726

109,917

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

$ 964

$ 1,253

[1]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."

Loans and Leases - Summary of Pledged Securities (Details) - USD ($)
$ in Thousands

Jun. 30, 2025

Dec. 31, 2024

Accounts, Notes, Loans and Financing Receivable [Line Items]

^[1]

$ 6,601,589

$ 6,358,003

Loans pledged to FHLB

Loans pledged to FHLB | Asset Pledged as Collateral

877,968

835,101

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,221,706

1,218,496

Loans pledged to FRB

Loans pledged to FRB | Asset Pledged as Collateral

1,407,382

1,347,645

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts, Notes, Loans and Financing Receivable [Line Items]

$ 497,496

$ 527,989

[1]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."

Loans and Leases - Summary of Loans by Risk Category (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2025

Jun. 30, 2024

Jun. 30, 2025

Jun. 30, 2024

Dec. 31, 2024

$ 934,100

$ 1,375,415

1,071,631

1,041,884

1,032,288

941,034

852,995

807,980

748,702

408,078

1,626,027

1,487,235

335,846

296,377

16,209

5,559

^[1]

6,601,589

6,358,003

Originated one year before fiscal year, charge-offs

737

3,423

2,374

8,107

Originated two years before fiscal year, charge-offs

5,689

7,968

Originated three years before fiscal year, charge-offs

5,119

3,072

Originated four years before fiscal year, charge-offs

1,352

559

1,318

1,983

Accounts, Notes, Loans and Financing Receivable [Line Items]

7,829

$ 4,607

16,589

$ 8,481

25,112

Construction

27,127

69,862

111,863

163,766

154,716

48,668

36,264

30,592

6,531

1,845

4,812

13,655

0

512

0

341,313

328,388

Originated one year before fiscal year, charge-offs

0

0

Originated two years before fiscal year, charge-offs

0

Originated three years before fiscal year, charge-offs

0

Originated four years before fiscal year, charge-offs

0

0

Commercial real estate, other

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

164,244

131,387

147,541

223,101

306,973

380,592

390,873

363,953

391,632

215,708

802,717

799,250

44,234

42,022

4,456

0

2,248,214

2,156,013

Originated one year before fiscal year, charge-offs

0

0

Originated two years before fiscal year, charge-offs

0

376

Originated three years before fiscal year, charge-offs

156

0

Originated four years before fiscal year, charge-offs

0

94

55

Commercial and industrial

35

0

250

212

431

Accounts, Notes, Loans and Financing Receivable [Line Items]

146,814

312,610

267,282

212,047

202,224

152,222

130,287

164,166

136,741

82,001

232,444

170,268

291,590

254,331

7,856

4,828

1,407,382

1,347,645

Originated one year before fiscal year, charge-offs

0

19

14

Originated two years before fiscal year, charge-offs

161

0

Originated three years before fiscal year, charge-offs

25

17

Originated four years before fiscal year, charge-offs

157

105

574

532

Accounts, Notes, Loans and Financing Receivable [Line Items]

556

56

936

291

668

Premium finance

219,845

265,504

57,030

3,837

699

94

48

0

0

0

0

0

277,622

269,435

Originated one year before fiscal year, charge-offs

0

67

72

109

Originated two years before fiscal year, charge-offs

68

33

Originated three years before fiscal year, charge-offs

24

0

Originated four years before fiscal year, charge-offs

0

0

93

55

164

109

209

Accounts, Notes, Loans and Financing Receivable [Line Items]

99,631

176,761

125,172

131,428

107,160

65,840

46,193

25,363

16,964

4,784

4,932

2,422

0

0

400,052

406,598

Originated one year before fiscal year, charge-offs

0

1,315

1,028

5,623

Originated two years before fiscal year, charge-offs

4,166

5,421

Originated three years before fiscal year, charge-offs

4,151

2,308

Originated four years before fiscal year, charge-offs

945

301

463

138

Accounts, Notes, Loans and Financing Receivable [Line Items]

5,099

2,377

10,753

3,647

15,106

Residential real estate

56,495

77,451

73,070

67,804

63,802

85,206

81,780

129,339

123,915

52,396

478,906

422,905

0

0

877,968

835,101

Originated one year before fiscal year, charge-offs

0

0

Originated two years before fiscal year, charge-offs

27

46

Originated three years before fiscal year, charge-offs

8

5

Originated four years before fiscal year, charge-offs

27

0

80

237

Home equity lines of credit

0

64

142

144

288

Accounts, Notes, Loans and Financing Receivable [Line Items]

24,575

54,724

54,046

37,555

35,350

37,915

36,759

27,446

25,537

16,617

65,496

58,380

22

24

3,385

731

241,785

232,661

Originated one year before fiscal year, charge-offs

0

0

Originated two years before fiscal year, charge-offs

12

0

Originated three years before fiscal year, charge-offs

0

Originated four years before fiscal year, charge-offs

0

0

11

Accounts, Notes, Loans and Financing Receivable [Line Items]

12

9

12

9

11

Consumer, indirect

159,903

239,867

205,223

176,672

141,376

148,907

114,691

57,478

40,499

30,543

30,982

16,390

0

0

692,674

669,857

Originated one year before fiscal year, charge-offs

194

497

1,166

2,207

Originated two years before fiscal year, charge-offs

1,206

1,880

Originated three years before fiscal year, charge-offs

685

691

Originated four years before fiscal year, charge-offs

210

141

98

763

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,693

1,567

3,559

3,028

6,179

Consumer, direct

34,502

45,996

30,404

25,674

19,988

21,590

16,100

9,643

6,883

4,184

5,738

3,965

0

0

113,615

111,052

Originated one year before fiscal year, charge-offs

21

2

89

154

Originated two years before fiscal year, charge-offs

49

212

Originated three years before fiscal year, charge-offs

70

51

Originated four years before fiscal year, charge-offs

13

12

9

247

Deposit account overdrafts

96

141

251

367

678

Accounts, Notes, Loans and Financing Receivable [Line Items]

964

1,253

0

0

0

0

0

0

0

964

1,253

Originated one year before fiscal year, charge-offs

522

1,542

0

Originated two years before fiscal year, charge-offs

0

Originated three years before fiscal year, charge-offs

0

Originated four years before fiscal year, charge-offs

0

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

245

$ 338

522

$ 674

1,542

Pass | Construction

27,127

69,862

111,863

162,605

153,579

47,133

34,756

30,592

6,531

1,845

4,812

13,540

0

512

0

Pass | Commercial real estate, other

338,668

325,577

Accounts, Notes, Loans and Financing Receivable [Line Items]

164,160

130,971

146,985

219,105

303,272

366,256

375,546

337,905

371,508

201,367

736,658

751,415

41,456

41,122

1,960

0

Pass | Commercial and industrial

2,139,585

2,048,141

Accounts, Notes, Loans and Financing Receivable [Line Items]

146,063

311,631

262,641

202,929

193,126

134,558

114,098

148,288

122,694

66,102

221,633

152,143

243,170

229,821

1,663

4,779

Accounts, Notes, Loans and Financing Receivable [Line Items]

1,303,425

1,245,472

Pass | Premium finance

219,845

265,504

57,030

3,837

699

94

48

0

0

0

0

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

277,622

269,435

Pass | Leases

99,433

175,449

121,736

125,664

100,984

61,064

42,539

24,181

16,020

4,661

4,921

2,153

0

0

Pass | Residential real estate

385,633

393,172

Accounts, Notes, Loans and Financing Receivable [Line Items]

56,495

77,130

72,857

66,712

62,916

85,045

81,391

128,359

123,016

52,090

470,942

414,574

0

0

Pass | Home equity lines of credit

867,617

823,910

Accounts, Notes, Loans and Financing Receivable [Line Items]

24,575

54,724

54,046

37,417

35,275

37,752

36,509

27,430

25,521

16,583

64,913

57,303

22

24

3,385

731

Pass | Consumer, indirect

240,861

231,233

Accounts, Notes, Loans and Financing Receivable [Line Items]

159,626

239,584

204,525

176,115

140,708

148,210

113,985

56,846

40,060

30,231

30,557

16,129

0

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

689,461

667,115

Pass | Consumer, direct

34,502

45,978

30,376

25,605

19,898

21,544

16,031

9,614

6,840

4,180

5,686

3,884

0

0

Special mention | Construction

113,333

110,805

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

0

0

0

115

0

0

Special mention | Commercial real estate, other

115

Accounts, Notes, Loans and Financing Receivable [Line Items]

84

271

412

2,923

2,300

11,876

10,038

7,197

10,284

5,107

28,900

10,689

2,213

288

47

0

Special mention | Commercial and industrial

54,231

38,351

Accounts, Notes, Loans and Financing Receivable [Line Items]

751

779

69

9,019

5,419

10,886

3,633

4,449

6,405

12,049

6,940

13,537

39,428

19,465

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

62,645

70,184

Special mention | Leases

125

791

760

1,529

912

1,140

434

365

322

5

0

0

0

Substandard | Construction

2,553

3,830

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

1,161

1,137

1,535

1,508

0

0

0

0

0

Substandard | Commercial real estate, other

2,645

2,696

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

145

144

1,073

1,401

2,460

5,289

18,851

9,840

9,234

35,310

37,136

565

612

2,449

0

Substandard | Commercial and industrial

52,549

69,511

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

200

4,572

99

3,679

4,791

10,541

11,429

7,642

3,850

3,825

4,430

8,992

5,045

6,193

49

Accounts, Notes, Loans and Financing Receivable [Line Items]

39,251

29,844

Substandard | Leases

73

351

1,230

2,108

2,906

1,777

1,492

193

414

8

2

0

0

0

Substandard | Residential real estate

6,117

4,437

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

321

208

1,088

882

161

389

980

899

306

7,909

8,087

0

0

Substandard | Home equity lines of credit

10,287

10,943

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

138

75

163

250

16

16

34

573

1,069

0

0

Substandard | Consumer, indirect

914

1,420

Accounts, Notes, Loans and Financing Receivable [Line Items]

224

269

661

557

651

681

706

618

437

312

397

251

0

0

Substandard | Consumer, direct

3,076

2,688

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

18

27

65

89

46

60

29

43

4

52

73

0

0

Doubtful | Commercial real estate, other

271

235

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

0

0

0

1,849

10

0

0

Doubtful | Commercial and industrial

1,849

10

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

0

1,987

2,015

0

0

46

158

0

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

2,061

2,145

Doubtful | Leases

0

170

1,446

2,127

2,358

1,859

1,728

624

208

110

9

269

0

0

Loss | Residential real estate

5,749

5,159

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

5

4

4

0

0

0

55

244

0

0

Loss | Home equity lines of credit

64

248

Accounts, Notes, Loans and Financing Receivable [Line Items]

0

0

0

0

0

10

8

0

0

Loss | Consumer, indirect

10

8

Accounts, Notes, Loans and Financing Receivable [Line Items]

53

14

37

0

17

16

0

14

2

0

28

10

0

0

Accounts, Notes, Loans and Financing Receivable [Line Items]

137

54

Loss | Consumer, direct

0

1

4

1

0

9

0

0

0

8

0

0

$ 11

$ 12

[1]	Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" or "loans held for investment."

Loans and Leases - Summary of Collateral Dependent (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	$ 1,000
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	7,097	$ 4,375
Commercial real estate \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	1,839	2,764
Leases \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	3,243	652
Commercial and industrial \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	$ 2,015	$ 959

Loans and Leases - Summary of Amortized Cost of Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 5,271	$ 933	$ 13,334	$ 12,079
Percentage of Total by Loan Category	0.08%	0.01%	0.20%	0.19%
Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 174	$ 10	$ 199
Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	5,271	759	13,271	11,880
Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total			53	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 2,602		$ 4,441	$ 561
Percentage of Total by Loan Category	0.12%		0.20%	0.03%
Commercial real estate \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0		$ 0	$ 0
Commercial real estate \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,602		4,441	561
Commercial real estate \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total			0	0
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 2,477	$ 687	$ 8,638	$ 11,171
Percentage of Total by Loan Category	0.18%	0.05%	0.61%	0.89%
Commercial and industrial \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 0	$ 0	$ 0
Commercial and industrial \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,477	687	8,638	11,171
Commercial and industrial \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total			0	0
Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 174	$ 63	$ 199
Percentage of Total by Loan Category		0.04%	0.02%	0.05%
Leasing \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 174	$ 10	$ 199
Leasing \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0	0	0
Leasing \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total			53	0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 192		$ 192	$ 76
Percentage of Total by Loan Category	0.02%		0.02%	0.01%
Residential real estate \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0		$ 0	$ 0
Residential real estate \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 192		192	76
Residential real estate \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total			$ 0	0
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 64		$ 64
Percentage of Total by Loan Category		0.03%		0.03%
Home equity lines of credit \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 0		$ 0
Home equity lines of credit \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		64		64
Home equity lines of credit \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total				0
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 8		$ 8
Percentage of Total by Loan Category		0.00%		0.00%
Consumer, indirect \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 0		$ 0
Consumer, indirect \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 8		8
Consumer, indirect \| Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total				$ 0

Loans and Leases - Summary of Loan Modifications and Payment Deferrals (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	4 months		4 months	6 months
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	5 months	28 months	7 months	7 months
Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)				9 months
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	174 months		174 months	2 months
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)		120 months		120 months
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)		2 months		2 months

Loans and Leases - Summary of Term Extension (Details) - Term Extension - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans that subsequently defaulted	$ 494	$ 297	$ 612	$ 300
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans that subsequently defaulted	$ 494	193	494	193
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans that subsequently defaulted		28	18	31
Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans that subsequently defaulted			$ 100
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans that subsequently defaulted		$ 76		$ 76

Loans and Leases - Summary of Analysis of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	$ 14,253	$ 15,628
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		70
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	4,935	2,514
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	8,841	12,614
Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	165	199
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	207	101
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	95	122
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	10	8
Total Delinquent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	666	370
Total Delinquent \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		70
Total Delinquent \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	494	193
Total Delinquent \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	18	31
Total Delinquent \| Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	100	0
Total Delinquent \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	76
Total Delinquent \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	44	0
Total Delinquent \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	10	0
30 - 59 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	44	0
30 - 59 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		0
30 - 59 days \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	44	0
30 - 59 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	70
60 - 89 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		70
60 - 89 days \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
90 + Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	622	300
90 + Days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		0
90 + Days \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	494	193
90 + Days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	18	31
90 + Days \| Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	100	0
90 + Days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	76
90 + Days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
90 + Days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	10	0
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	13,587	15,258
Current \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		0
Current \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	4,441	2,321
Current \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	8,823	12,583
Current \| Leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	65	199
Current \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	207	25
Current \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	51	122
Current \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	$ 0	$ 8

Loans and Leases - Summary of Activity in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 65,232	$ 64,822	$ 63,348	$ 62,011	$ 62,011
Provision for (Recovery of) Credit Losses	16,413	5,658	26,418	11,789
Charge-offs	(7,829)	(4,607)	(16,589)	(8,481)	(25,112)
Recoveries	865		1,504	928
Recoveries		374
Ending balance	74,681	66,247	74,681	66,247	63,348
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,156	701	878	699	699
Provision for (Recovery of) Credit Losses	191	(28)	469	(26)
Charge-offs	0	0	0	0	0
Recoveries	0		0	0
Recoveries		0
Ending balance	1,347	673	1,347	673	878
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	17,155	21,788	16,256	20,915	20,915
Provision for (Recovery of) Credit Losses	24	(1,856)	1,134	(854)
Charge-offs	(35)	0	(250)	(212)	(431)
Recoveries	0		4	3
Recoveries		(80)
Ending balance	17,144	19,852	17,144	19,852	16,256
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	12,783	10,581	13,283	10,490	10,490
Provision for (Recovery of) Credit Losses	5,610	408	5,484	727
Charge-offs	(556)	(56)	(936)	(291)	(668)
Recoveries	17		23	17
Recoveries		10
Ending balance	17,854	10,943	17,854	10,943	13,283
Premium finance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	646	607	662	484	484
Provision for (Recovery of) Credit Losses	238	207	287	376
Charge-offs	(93)	(55)	(164)	(109)	(209)
Recoveries	3		9	12
Recoveries		4
Ending balance	794	763	794	763	662
Leases
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	13,575	12,889	12,893	10,850	10,850
Provision for (Recovery of) Credit Losses	10,896	4,533	16,987	7,630
Charge-offs	(5,099)	(2,377)	(10,753)	(3,647)	(15,106)
Recoveries	261		506	385
Recoveries		173
Ending balance	19,633	15,218	19,633	15,218	12,893
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,786	5,866	6,491	5,937	5,937
Provision for (Recovery of) Credit Losses	(723)	69	(335)	(5)
Charge-offs	0	(64)	(142)	(144)	(288)
Recoveries	50		99	151
Recoveries		68
Ending balance	6,113	5,939	6,113	5,939	6,491
Home equity lines of credit
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,863	1,689	1,792	1,588	1,588
Provision for (Recovery of) Credit Losses	(37)	57	34	151
Charge-offs	(12)	(9)	(12)	(9)	(11)
Recoveries	0		0	7
Recoveries		0
Ending balance	1,814	1,737	1,814	1,737	1,792
Consumer, indirect
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,696	8,301	8,576	8,590	8,590
Provision for (Recovery of) Credit Losses	191	1,803	1,967	2,904
Charge-offs	(1,693)	(1,567)	(3,559)	(3,028)	(6,179)
Recoveries	449		659	188
Recoveries		117
Ending balance	7,643	8,654	7,643	8,654	8,576
Consumer, direct
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,474	2,279	2,396	2,343	2,343
Provision for (Recovery of) Credit Losses	(144)	179	69	332
Charge-offs	(96)	(141)	(251)	(367)	(678)
Recoveries	14		34	24
Recoveries		15
Ending balance	2,248	2,332	2,248	2,332	2,396
Deposit account overdrafts
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	98	121	121	115	115
Provision for (Recovery of) Credit Losses	167	286	322	554
Charge-offs	(245)	(338)	(522)	(674)	(1,542)
Recoveries	71		170	141
Recoveries		67
Ending balance	$ 91	$ 136	$ 91	$ 136	$ 121

Goodwill and Other Intangible Assets - Summary of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2025	Dec. 31, 2024
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 363,199	$ 362,169
Goodwill recorded from acquisitions	0	1,030
Goodwill, end of period	$ 363,199	$ 363,199

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Intangibles recorded from acquisitions		$ 550
Accumulated amortization	$ (61,634)	(57,268)
Total acquisition-related intangibles	31,093
Total gross intangibles	95,147	94,597
Total acquisition-related intangibles	33,513	37,879
Servicing rights	1,002	1,216
Non-compete agreements	71	128
Total other intangibles	34,586	39,223
Indefinite-Lived Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangibles recorded from acquisitions		0
Gross intangibles	2,491	2,491
Total acquisition-related intangibles	2,491	2,491
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Gross intangibles	54,186	54,186
Intangibles recorded from acquisitions		0
Accumulated amortization	(33,849)	(31,545)
Total acquisition-related intangibles	20,337	22,641
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross intangibles	38,470	37,920
Intangibles recorded from acquisitions		550
Accumulated amortization	(27,785)	(25,723)
Total acquisition-related intangibles	$ 10,685	$ 12,747

Goodwill and Other Intangible Assets - Summary of Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining six months of 2025	$ 4,420
2026	6,788
2027	5,231
2028	4,070
2029	3,330
Thereafter	7,254
Total acquisition-related intangibles	31,093
Core Deposits
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining six months of 2025	2,304
2026	3,736
2027	3,043
2028	2,608
2029	2,359
Thereafter	6,287
Total acquisition-related intangibles	20,337	$ 22,641
Customer Relationships
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining six months of 2025	2,061
2026	3,036
2027	2,188
2028	1,462
2029	971
Thereafter	967
Total acquisition-related intangibles	10,685	$ 12,747
Non-Compete Agreements
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining six months of 2025	55
2026	16
2027	0
2028	0
2029	0
Thereafter	0
Total acquisition-related intangibles	$ 71

Goodwill and Other Intangible Assets - Narrative (Details)	6 Months Ended
	Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average amortization period	7 years 8 months 12 days

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Deposit Liability [Line Items]
Time deposits	$ 2,448,110
Interest-bearing deposit accounts	1,058,910	$ 1,085,152
Savings accounts	889,872	866,959
Money market deposit accounts	927,543	878,254
Governmental deposit accounts	781,949	775,782
Total interest-bearing deposits	6,106,384	6,082,544
Non-interest-bearing deposits	1,530,824	1,507,661
Total deposits	7,637,208	7,590,205
Brokered CDs
Deposit Liability [Line Items]
Time deposits	442,788	554,982
Retail certificates of deposits ("CDs"):
Deposit Liability [Line Items]
$100 or more	1,150,434	1,092,261
Less than $100	854,888	829,154
Time deposits	$ 2,005,322	$ 1,921,415

Deposits - Narrative (Details)	Jun. 30, 2025 USD ($) contract	Dec. 31, 2024 USD ($)
Deposit Liability [Line Items]
Time deposits exceeding FDIC limit	$ 2,000,000,000	$ 2,000,000,000
Interest Rate Swap
Deposit Liability [Line Items]
Number of derivative instruments \| contract	6
Notional amount	$ 55,000,000	75,000,000
Asset Pledged as Collateral
Deposit Liability [Line Items]
Investment securities	0	0
Asset Pledged as Collateral \| Deposits
Deposit Liability [Line Items]
Investment securities	$ 641,100,000	$ 656,900,000

The number of derivative instruments of a particular group held by the entity.

+ References + Details

Deposits - Summary of Broken Out by Time Remaining Until Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Banking and Thrift, Other Disclosure [Abstract]
3 months or less	$ 129,425	$ 180,405
Over 3 to 6 months	146,293	127,329
Over 6 to 12 months	151,721	91,197
Over 12 months	21,930	18,044
Total	$ 449,369	$ 416,975

Deposits - Summary of Time Deposit Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining six months ending December 31, 2025	$ 1,531,200
Year ending December 31, 2026	729,082
Year ending December 31, 2027	105,593
Year ending December 31, 2028	28,600
Year ending December 31, 2029	51,164
Thereafter	2,471
Total CDs	2,448,110
Brokered
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining six months ending December 31, 2025	276,589
Year ending December 31, 2026	16,391
Year ending December 31, 2027	82,449
Year ending December 31, 2028	21,526
Year ending December 31, 2029	45,833
Thereafter	0
Total CDs	442,788	$ 554,982
Retail
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining six months ending December 31, 2025	1,254,611
Year ending December 31, 2026	712,691
Year ending December 31, 2027	23,144
Year ending December 31, 2028	7,074
Year ending December 31, 2029	5,331
Thereafter	2,471
Total CDs	$ 2,005,322	$ 1,921,415

Stockholders' Equity - Summary of Common Stock and Treasury Stock (Details)	6 Months Ended
	Jun. 30, 2025 shares
Increase (Decrease) in Stock by Class [Roll Forward]
Common stock, beginning of period (in shares)	36,782,601
Treasury stock, beginning of period (in shares)	1,311,175
Changes related to stock-based compensation awards:
Common stock, end of period (in shares)	36,808,227
Treasury stock, end of period (in shares)	1,219,408
Common Shares
Increase (Decrease) in Stock by Class [Roll Forward]
Common stock, beginning of period (in shares)	36,782,601
Changes related to stock-based compensation awards:
Release of restricted common shares (in shares)	0
Cancellation of restricted common shares (in shares)	0
Purchase of treasury stock (in shares)	0
Disbursed out of treasury stock (in shares)	0
Common shares repurchased under share repurchase program (in shares)	0
Common shares issued under dividend reinvestment plan (in shares)	25,626
Common shares issued under compensation plan for Boards of Directors (in shares)	0
Common shares issued under employee stock purchase plan (in shares)	0
Common stock, end of period (in shares)	36,808,227
Common Shares \| Restricted Shares
Changes related to stock-based compensation awards:
Grant of restricted common shares (in shares)	0
Treasury Stock
Increase (Decrease) in Stock by Class [Roll Forward]
Treasury stock, beginning of period (in shares)	1,311,175
Changes related to stock-based compensation awards:
Release of restricted common shares (in shares)	60,533
Cancellation of restricted common shares (in shares)	35,403
Purchase of treasury stock (in shares)	6,302
Disbursed out of treasury stock (in shares)	(13,564)
Common shares repurchased under share repurchase program (in shares)	17,166
Common shares issued under dividend reinvestment plan (in shares)	0
Common shares issued under compensation plan for Boards of Directors (in shares)	(8,180)
Common shares issued under employee stock purchase plan (in shares)	(18,034)
Treasury stock, end of period (in shares)	1,219,408
Treasury Stock \| Restricted Shares
Changes related to stock-based compensation awards:
Grant of restricted common shares (in shares)	(171,393)

Stockholders' Equity - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended					6 Months Ended		53 Months Ended
Stockholders' Equity - Narrative (Details) - USD ($)	Jul. 21, 2025	Jun. 30, 2025	Mar. 31, 2025	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Dec. 31, 2024	Jan. 28, 2021
Class of Stock [Line Items]
Authorized amount											$ 30,000,000.0
Preferred stock, shares authorized (in shares)		50,000					50,000		50,000	50,000
Preferred stock, shares issued (in shares)		0					0		0	0
Preferred stock, shares outstanding (in shares)		0					0		0
Cash dividends declared per common share (in usd per share)		$ 0.41	$ 0.40	$ 0.40	$ 0.40	$ 0.39	$ 0.81	$ 0.79
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.41
Share Repurchase Program Authorized On January 28, 2021
Class of Stock [Line Items]
Common shares repurchased under share repurchase program (in shares)		17,166	0					100,905	488,473
Repurchase of common stock		$ 500,000						$ 3,000,000	$ 13,900,000

Stockholders' Equity - Summary of Dividends Declared (Details) - $ / shares	1 Months Ended	3 Months Ended					6 Months Ended		7 Months Ended	9 Months Ended
	Jul. 21, 2025	Jun. 30, 2025	Mar. 31, 2025	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2025	Jun. 30, 2024	Jul. 21, 2025	Sep. 30, 2024
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)		$ 0.41	$ 0.40	$ 0.40	$ 0.40	$ 0.39	$ 0.81	$ 0.79
Total dividends declared (in usd per share)										$ 1.19
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.41
Total dividends declared (in usd per share)									$ 1.22

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-Topic 946
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-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
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-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Stockholders' Equity - Summary of Accumulated Other Comprehensive (Loss) Income (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2025 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,111,590
Realized gain on securities, net of tax	2
Other comprehensive income (loss), net of reclassifications and tax	20,111
Ending balance	1,153,350
Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(110,385)
Ending balance	(90,272)
Unrealized (Loss) Gain on Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(111,829)
Realized gain on securities, net of tax	2
Other comprehensive income (loss), net of reclassifications and tax	20,880
Ending balance	(90,947)
Unrealized Gain (Loss) on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,444
Realized gain on securities, net of tax	0
Other comprehensive income (loss), net of reclassifications and tax	(769)
Ending balance	$ 675

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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Employee Benefit Plans (Details) - USD ($) $ in Millions	6 Months Ended		54 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025
Retirement Benefits [Abstract]
Employer matching percentage			100.00%
Contribution matched by employer			6.00%
Matching contributions	$ 3.0	$ 3.1

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 21,212	$ 29,007	$ 45,548	$ 58,591
Less: Dividends paid on unvested common shares	212	218	422	361
Less: Undistributed income allocated to unvested common shares	17	55	54	119
Net earnings allocated to common shareholders	$ 20,983	$ 28,734	$ 45,072	$ 58,111
Weighted-average common shares outstanding (in shares)	34,972,065	34,764,489	34,934,105	34,752,419
Effect of potentially dilutive common shares (in shares)	359,642	353,159	365,313	319,131
Total weighted-average diluted common shares outstanding (in shares)	35,331,707	35,117,648	35,299,418	35,071,550
Earnings per common share:
Basic (in usd per share)	$ 0.60	$ 0.83	$ 1.29	$ 1.67
Diluted (in usd per share)	$ 0.59	$ 0.82	$ 1.28	$ 1.66
Anti-dilutive common shares excluded from calculation:
Restricted common shares (in shares)	144,274	3,180	142,032	3,180

Derivative Financial Instruments - Narrative (Details)	6 Months Ended
Derivative Financial Instruments - Narrative (Details)	Jun. 30, 2025 USD ($) contract	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)
Derivative [Line Items]
Maximum length of time hedged	4 years
Interest rate cash flow losses reclassified into earnings	$ 700,000	$ 1,700,000
AOCI reclassified as reduction in interest expense, during next 12 months	900,000
Cash pledged to peoples from counterparties	3,700,000		$ 12,300,000
Investment securities, counterparties pledged	0		1,900,000
Asset Pledged as Collateral
Derivative [Line Items]
Investment securities	0		0
Brokered Demand Deposits
Derivative [Line Items]
Notional amount	$ 55,000,000.0		75,000,000.0
Interest Rate Swap
Derivative [Line Items]
Number of derivative instruments \| contract	6
Notional amount	$ 55,000,000		75,000,000
Restricted cash	$ 0		$ 0

Derivative Financial Instruments - Summary of Interest Rate Swaps Designated as Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024
Derivative [Line Items]
Pre-tax changes in fair value included in AOCI	$ (52)	$ 373	$ (288)	$ 1,526
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 55,000		$ 55,000		$ 75,000
Weighted average pay rates	2.60%		2.60%		2.45%
Weighted average receive rates	4.02%		4.02%		4.49%
Weighted average maturity			1 year 6 months		1 year 6 months
Pre-tax changes in fair value included in AOCI			$ 940		$ 1,885

Derivative Financial Instruments - Summary of Gains or Losses Recorded in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of losses recorded in AOCI, pre-tax	$ 341	$ 443	$ 1,002	$ 187

Derivative Financial Instruments - Summary of Cash Flow Hedges (Details) - Interest rate swaps related to commercial loans - Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Derivative [Line Items]
Derivative asset, notional amount	$ 55,000	$ 75,000
Derivative asset, fair value	$ 868	$ 1,784

Derivative Financial Instruments - Summary of Derivatives Not Designated as Hedging (Details) - Interest rate swaps related to commercial loans - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Derivative [Line Items]
Derivative asset, notional amount	$ 542,787	$ 453,367
Derivative Assets
Interest rate swaps related to commercial loans	15,638	18,742
Netting Adjustments	(5,054)	(1,783)
Net Derivative Assets on the Balance Sheet	10,584	16,959
Derivative liability, notional amount	542,787	453,367
Derivative Liabilities
Interest rate swaps related to commercial loans	13,543	17,100
Netting Adjustments	(2,885)	(54)
Net Derivatives Liabilities on the Balance Sheet	$ 10,658	$ 17,046

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan discount	15.00%
Unrecognized stock based compensation expense	$ 7.6
Period for recognition	2 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized under the 2006 Equity Plan (in shares)	750,000
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Intrinsic value of awards vested	$ 5.7	$ 2.4
Restricted Shares \| Performance-Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awarded (in shares)	159,097
Restricted Shares \| Minimum \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards expiration period	1 year
Restricted Shares \| Maximum \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards expiration period	5 years
2006 Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized under 2006 Equity Plan (in shares)	1,493,297

Stock-Based Compensation - Summary of Restricted Shares Activity (Details) - Restricted Shares	6 Months Ended
	Jun. 30, 2025 $ / shares shares
Time-Based Vesting
Number of Common Shares
Outstanding at January 1, 2025 (in shares) \| shares	140,231
Awarded (in shares) \| shares	11,643
Released (in shares) \| shares	(36,023)
Forfeited (in shares) \| shares	(10,011)
Outstanding at June 30, 2025 (in shares) \| shares	105,840
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2025 (in usd per share) \| $ / shares	$ 28.72
Awarded (in usd per share) \| $ / shares	26.19
Released (in usd per share) \| $ / shares	31.41
Forfeited (in usd per share) \| $ / shares	27.12
Outstanding at June 30, 2025 (in usd per share) \| $ / shares	$ 27.67
Performance-Based Vesting
Number of Common Shares
Outstanding at January 1, 2025 (in shares) \| shares	586,227
Awarded (in shares) \| shares	159,097
Released (in shares) \| shares	(141,821)
Forfeited (in shares) \| shares	(26,289)
Outstanding at June 30, 2025 (in shares) \| shares	577,214
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2025 (in usd per share) \| $ / shares	$ 29.67
Awarded (in usd per share) \| $ / shares	33.41
Released (in usd per share) \| $ / shares	32.21
Forfeited (in usd per share) \| $ / shares	29.79
Outstanding at June 30, 2025 (in usd per share) \| $ / shares	$ 30.07

Stock-Based Compensation - Summary of Stock-Based Compensation and Related Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 1,573	$ 1,474	$ 4,164	$ 4,703
Recognized tax benefit	(367)	(344)	(971)	(1,096)
Net stock-based compensation expense	1,206	1,130	3,193	3,607
Total employee stock-based compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,442	1,351	3,917	4,442
Stock grant expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,416	1,278	3,846	4,303
Employee stock purchase plan expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	26	73	71	139
Non-employee director stock-based compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 131	$ 123	$ 247	$ 261

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Revenue - Summary of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Disaggregation of Revenue [Line Items]
Commission and fees from sale of insurance policies	$ 4,450	$ 4,104	$ 8,962	$ 8,389
Performance-based commissions	99	5	1,641	2,218
Interchange income	5,111	5,309	9,956	10,229
Promotional and usage income	1,161	1,161	2,201	2,287
Ongoing maintenance fees for deposit accounts	1,670	1,716	3,313	3,434
Transaction-based fees	2,388	2,623	4,760	5,128
Other non-interest income transaction-based fees	374	589	789	1,093
Revenue	21,268	20,565	43,235	42,487
Services transferred over time
Disaggregation of Revenue [Line Items]
Revenue	17,673	17,289	34,774	33,937
Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue	3,595	3,276	8,461	8,550
Commercial loan swap fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	734	59	1,271	111
Trust and investment income \| Fiduciary Income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	3,042	3,010	5,957	5,767
Trust and investment income \| Brokerage Income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 2,239	$ 1,989	$ 4,385	$ 3,831

Revenue - Summary of Contract Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2025 USD ($)
Contract Assets
Balance, January 1, 2025	$ 899
Additional income receivable	84
Receipt of income previously receivable	(15)
Balance, June 30, 2025	968
Contract Liabilities
Balance, January 1, 2025	5,771
Additional deferred income	11
Recognition of income previously deferred	(214)
Balance, June 30, 2025	$ 5,568

Leases - Summary of Sales Type Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Leases [Abstract]
Interest and fees on leases	$ 10,287	$ 11,982	$ 20,485	$ 24,049
Lease income	$ 4,211	$ 2,168	$ 7,679	$ 4,189
Sales-Type Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and fees on loans and leases, Other non-interest income	Interest and fees on loans and leases, Other non-interest income	Interest and fees on loans and leases, Other non-interest income	Interest and fees on loans and leases, Other non-interest income
Total lease income	$ 14,498	$ 14,150	$ 28,164	$ 28,238

Leases - Summary of Sales Type Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Lessee, Lease, Description [Line Items]
Lease payments receivable, at amortized cost	$ 430,198	$ 448,027
Estimated residual values	33,831	33,129
Initial direct costs	6,002	7,148
Deferred revenue	(69,979)	(81,706)
Leases
Lessee, Lease, Description [Line Items]
Net investment in leases	400,052	406,598
Allowance for credit losses - leases	(19,633)	(12,893)
Net investment in leases, after allowance for credit losses	$ 380,419	$ 393,705

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

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